1d ago
EquipmentShare lifts 2026 guidance and approves $500 million share buyback through Dec. 31, 2028
EquipmentShare (Nasdaq: EQPT) raised its full-year 2026 outlook and authorized a $500 million share repurchase program that runs through the end of 2028. The company increased its rental segment revenue forecast to $3,472–$3,748 million from $3,366–$3,642 million and lifted Adjusted Core EBITDA guidance to $1,946–$2,058 million from $1,883–$1,995 million. EquipmentShare attributed the higher outlook to strong customer demand, sustained fleet utilization and disciplined execution.
1d ago
7-8
IperionX prices 2,275,000-ADS public offering at $21.98, targeting about $50 million
IperionX has priced a public offering of 2,275,000 American Depositary Shares at $21.98 per ADS, for gross proceeds of about $50 million. The company said it plans to use the funds to expand its Titanium Manufacturing Campus in Virginia, advance the CamdenTitan Project in Tennessee, and for general corporate purposes. Cantor is acting as sole bookrunning manager, and the offering is expected to close on July 9, 2026.
7-8
7-8
Freedom Metals Acquisition prices $275,000,000 IPO of 27,500,000 units at $10.00 each
Freedom Metals Acquisition Corp. said it has priced a $275,000,000 initial public offering of 27,500,000 units at $10.00 per unit, with the units set to trade on Nasdaq under the ticker FDMMU. The company is a blank-check vehicle focused on the mining and critical minerals industry and said it has not yet identified a specific business combination target. The offering is part of a standard SPAC formation process and does not involve any specific asset transaction, production change, or policy adjustment.
7-8
7-8
Nasdaq tells Platinum Analytics Cayman it faces delisting on July 16 unless it appeals
Nasdaq notified Platinum Analytics Cayman Limited (PTLS) on July 7, 2026 that it plans to delist the company’s securities on July 16 unless it appeals to a Listing Qualifications Hearings Panel. The U.S. Securities and Exchange Commission had previously suspended trading in the stock on Oct. 18, 2025. The securities remain halted, and they may be eligible to trade in the over-the-counter market after removal from Nasdaq.
Selected
7-8
7-7
ADNOC Distribution signs definitive deal to buy Shell Downstream South Africa for about $1 billion, targeting 2027 close
ADNOC Distribution said it has signed a definitive agreement to acquire 100% of Shell Downstream South Africa (SDSA) for an implied enterprise value of about $1 billion, including 580 fuel stations and wholesale fuel, aviation and lubricants operations. The deal is expected to close in 2027 and is projected to lift earnings per share by 6% in the first full year after completion, with an IRR above the company’s hurdle rate. After completion, a 28% stake in SDSA is expected to be sold to a local empowerment partner and an employee stock option plan. ADNOC Distribution is listed on the Abu Dhabi Securities Exchange under the symbol ADNOCDIST.
7-7
7-7
Meridian3 Industrials Acquisition Corp closes $201.25 million IPO of 20,125,000 units
Meridian3 Industrials Acquisition Corp (MIACU) has completed a $201.25 million initial public offering, issuing 20,125,000 units priced at $10.00 each. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. The SPAC said it plans to focus on industrial technology sectors including Industry 4.0, smart manufacturing and next-generation mobility, and has not announced a business combination target or timetable. Proceeds are expected to be placed in a trust account pending a future business combination.
7-7
7-3
Tesla reports 480,126 Q2 global deliveries, up 25% and above forecasts
Tesla said its 2026 second-quarter global deliveries rose 25% year over year to 480,126 vehicles, well above Deutsche Bank’s 416,000 forecast. The stock fell 7.1% intraday as investors weighed concerns about heavy R&D spending and a slower pace of product refreshes. Separately, Ford reported an aluminum supply disruption after a fire at a New York state supplier, and F-150 sales fell 11% year over year, underscoring supply-chain risks for key industrial metals.
7-3
7-1
First Atlantic Nickel & Cobalt names ex-U.S. Commerce critical minerals office director Gary Stanley as senior strategic advisor
First Atlantic Nickel & Cobalt has appointed Gary Stanley, the former director of the Office of Critical Minerals and Metals at the United States Department of Commerce, as a senior strategic advisor. Stanley was the lead coordinating author of the June 2019 Federal Critical Mineral Strategy and was involved in U.S. policy work including the Inflation Reduction Act. The appointment follows the company’s June 24 announcement that it produced a high-grade alloy concentrate grading up to 71.9% nickel and 1.76% cobalt from its Pipestone XL project using its ONSHORE MAX™ magnetic recovery process. The company said the smelter-free process could enable direct refining of nickel sulphate (NiSO₄) that qualifies under Section 45X(c)(6), while noting the project remains at the exploration stage with no confirmed resources.
7-1