Rivian $RIVN dropped about 10% after announcing a 75 million-share public offering, reversing Monday’s 8.1% gain and last week’s 19.2% advance. The company said underwriters will have a 30-day option for another 11.25 million shares, putting dilution at the center of the trade.
Versant $VSNT agreed to acquire golf simulator company Full Swing for about $530M in cash. The deal adds hardware and software to a golf portfolio that already includes Golf Channel, GolfNow and GolfPass.
EasyJet shares rose 10.5% after the airline agreed in principle to a £5.5B ($7.3B) takeover bid from Castlelake. The offer followed a rejected £4.93B proposal and pushed the stock to a new 52-week high.
TeraWulf $WULF rose more than 16% in premarket trading after Anthropic signed a 20-year Kentucky data-center lease expected to generate about $19B. The site is planned for roughly 400 MW, with first power delivery targeted for the second half of 2027.
$BSP ended its Nasdaq debut at $40.50, about 40% above the $29 IPO price, after Bending Spoons completed a roughly $1.68B offering. The SEC prospectus and company release frame the deal as a large software IPO with acquisition currency now marked by public investors.
A £5.7B possible offer for DCC from KKR and Energy Capital Partners is facing opposition from Ninety One, Aviva Investors and Fidelity International. The revised terms are £65.25 in cash plus a £1.4722 final dividend per share, with the consortium due to make-or-walk by July 8.
Jersey Mike’s filed for an IPO, and the Financial Times reported Blackstone is targeting a valuation of up to $12B. CNBC said the sandwich chain has nearly 3,300 locations and reported 50% same-store sales growth in recent years.
Lockheed Martin $LMT is in the lead to buy Ultra Maritime in a reported $3.5B deal, according to the Financial Times. The defense M&A talks clear the $500M Tier-1 threshold and could be announced as soon as next week.
The Court of Justice of the EU dismissed Google and Alphabet’s appeal in Case C-738/22 P, confirming a €4.125B fine tied to Android pre-installation and anti-fragmentation practices.
June nonfarm payrolls rose 57,000, below the 115,000 economist forecast cited by MarketWatch, while the unemployment rate eased to 4.2%. BLS also revised April and May payrolls down by a combined 74,000.
The SEC requested public comment on novel ETFs after U.S. ETF assets grew from $4T in 2019 to more than $12T at the end of 2025. The comment period runs for 60 days after Federal Register publication.
AeroVironment $AVAV gained as much as 28% after fiscal Q4 revenue rose 133% to $641.6M and funded backlog reached $1.2B. The company guided fiscal 2027 revenue to $2.125B-$2.225B.