Pan American Silver Corp. (TSX:PAA, NASDAQ:PAAS) shares slumped more than 16% after it announced it will be acquiring MAG Silver Corp (TSX:MAG) in a deal valued of US$2.1 billion.
Per the terms of the deal, MAG shareholders can choose to receive US$20.54 per share in cash, 0.755 common shares of Pan American per MAG share, or a mix of both, with the total cash portion capped at US$500 million.
American Bitcoin, a Bitcoin mining company launched earlier this year by Hut 8 Mining Corp (TSX:HUT) and backed by Donald Trump’s sons Eric Trump and Donald Trump Jr, will go public via a stock-for-stock merger with Gryphon Digital Mining.
Shares of Gryphon added 170% in the early afternoon on Monday.
Shopify Inc (TSX:SH., NYSE:SHOP) shares surged more than 11% after it was revealed the company will be included in the Nasdaq-100 Index.
Effective May 19, the eCommerce platform will replace MongoDB in the tech-heavy index.
A temporary de-escalation in the US-China trade war sparked a rally in major tech stocks on Monday, with Amazon and Tesla leading the charge.
The announcement of a truce between the two global powers boosted investor sentiment, driving up shares of Big Tech companies.
Apple Inc (NASDAQ:AAPL, ETR:APC) is considering raising the prices of its fall iPhone lineup along with the release of new features and design changes, according to a Wall Street Journal (WSJ) report citing people familiar with the matter.
The company did not attribute the price hikes to US tariffs on China, which are estimated to have cost Apple an estimated $900 million in additional expenses for the current quarter alone.
Zynex Inc (NASDAQ:ZYXI) announced it has submitted a 510(k) application to the US Food and Drug Administration (FDA) for its NiCO Noninvasive CO-Oximeter device.
The NiCO device utilizes laser pulse oximetry technology, which Zynex said can address long-standing limitations of traditional LED-based pulse oximeters, including inaccuracy in patients with darker skin tones and difficulty detecting certain hemoglobin variants.
Shares in Tekcapital PLC (LSE:TEK) rose 7% on Monday after its portfolio company Guident took a key step towards going public, submitting a draft registration statement to US regulators for a proposed initial public offering.
The Florida-based firm, which develops remote monitoring and support technologies for autonomous vehicles, filed the confidential paperwork with the US Securities and Exchange Commission. Details, including the number of shares on offer and the pricing range, have not yet been disclosed.