Churchill Downs Closes $1.7 Billion Credit Refinancing
Churchill Downs refinanced its credit facilities, extending its $1.2 billion revolver and $1.08 billion Term A loan to 2031 and issuing $500 million of new debt.
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FTC, States Reach $35 Million Corteva Pesticide Settlement
Corteva agreed to a proposed 10-year antitrust order and $35 million payment to states over pesticide loyalty practices. Court approval is pending.
Ainos Signs VELDONA License Deal With Up to $10 Million Framework
Ainos signed a global VELDONA license agreement with BioPhoenix, including a $600,000 initial fee and a potential $10 million framework.
Arbe Robotics Prices $15 Million Equity Offering
Arbe Robotics priced a $15 million offering of shares and pre-funded warrants, with about $13.8 million in estimated net proceeds for corporate purposes.
Powell Max Takes 1.5% Stake in Remington Parent
Powell Max agreed to exchange 19.99% of its shares for a 1.5% stake in Remington parent Blackrod as the companies pursue a larger transaction.
Cycurion Terminates $60 Million Equity Purchase Agreement
Cycurion terminated its $60 million equity purchase agreement with Yield Point, ending a financing facility the company had used to raise capital.
Bold Eagle to Take REDLattice Public in $1.25 Billion Deal
Bold Eagle agreed to merge with REDLattice at a $1.25 billion pre-money enterprise value, backed by $335 million of committed capital.
Eton Launches IMPAVIDO in U.S. With Exclusive Rights
Eton Pharmaceuticals launched IMPAVIDO in the U.S. after securing exclusive commercialization rights, adding the orphan drug to its commercial portfolio.
Ramaco Wins $30 Million Jury Verdict in Insurance Case
Ramaco Resources won a $30 million federal jury verdict against Chubb insurers over a 2018 coal silo collapse, with attorney fees still pending.
Soluna Expands Bitdeer Deal to 35 MW at Project Kati 1
Soluna amended its Bitdeer agreement to add 7 MW at Project Kati 1, bringing Bitdeer’s deployment to 35 MW and 2.42 EH/s.