19h ago
Rivian shares slide as public offering plan eclipses raised Q2 revenue outlook
Rivian said it plans a public offering that would increase shares outstanding and dilute existing shareholders, with proceeds earmarked for general corporate purposes including equity contributions under its U.S. Department of Energy loan agreement. The company raised its second-quarter revenue outlook to $1.55 billion–$1.65 billion, above analysts’ $1.45 billion estimate, according to LSEG data. Rivian said the forecast is driven mainly by higher vehicle deliveries. The offering plan nevertheless weighed on the stock as investors focused on dilution and financing needs.
19h ago
19h ago
Orient Green Power puts ₹21,95,90,940 into Delta Renewable in July 06, 2026 preferential allotment
Orient Green Power Company Limited invested ₹21,95,90,940 in its subsidiary Delta Renewable Energy Private Limited by subscribing to 2,19,59,094 equity shares at a face value of ₹10 each on July 06, 2026. The fifth-tranche preferential allotment keeps Orient Green Power’s equity holding in Delta at 70%. Delta has commissioned a 7 MW AC solar project in Tamil Nadu and is developing a 17.6 MW AC solar project in the state. The company said the investment completes Delta’s preferential issue process and did not require specific governmental or regulatory approvals.
19h ago
19h ago
Slate Grocery REIT launches strategic review after unsolicited proposal from Slate Asset Management affiliates
Slate Grocery REIT (TSX:SRG.UN) said it has formed a special committee of independent trustees and launched a strategic review after receiving an unsolicited, non-public proposal from affiliates of Slate Asset Management. The REIT owns a portfolio of U.S. grocery-anchored shopping centres and ended 2025 with 94.4% occupancy, while renewal leases were signed at rents 14.9% above expiring levels. It said in-place rents remain well below market levels, leaving room for increases as leases roll over, and noted its debt cost is about 5% with property cap rates above its financing costs. The special committee has hired Evercore and other advisors to support its evaluation.
19h ago
21h ago
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.
21h ago
22h ago
Sugar futures rise as Brazilian real hits a two-week high
NY raw sugar and London white sugar futures rose 2.49% and 0.62% on Monday, respectively. Sugar prices drew support from a stronger Brazilian real, which tends to curb export selling by Brazil’s producers. The market has also been underpinned by weather risks, including India’s monsoon rainfall running 20% below normal and warnings tied to an El Niño pattern that could bring drier conditions to Brazil, India and Thailand. Several forecasters have lowered their 2026/27 global sugar balance outlook, including a shift by Czarnikow from a surplus to a deficit.
22h ago
22h ago
Arabica jumps 16.19% as Brazil harvest lags and mid-July rain risk threatens crops
Coffee futures surged as Brazil’s 2026/27 harvest trailed seasonal norms and weather forecasts raised the risk of crop damage. Arabica inventories on ICE slid to a 2.25-year low, adding fuel to the rally. September ICE arabica jumped 16.19% to a 5.5-month high, while robusta climbed 8.83% to a 5-month high. Potential supply growth from Vietnam and a projected increase in global output remained a counterweight, but near-term weather and tight stocks drove the move.
22h ago
22h ago
StandX rolls out SIP-4 on BNB Chain, topping $40M in notional volume
StandX said it has launched the SIP-4 protocol on BNB Chain, introducing a new set of on-chain trading primitives to expand derivatives trading options. The related contracts have generated more than $40M in notional volume as of publication, with activity still growing. The upgrade is positioned as a key DeFi infrastructure iteration within the BNB Chain ecosystem, aimed at improving on-chain trading depth and tooling while reinforcing BNB’s role as the settlement and gas token. The announcement does not involve token issuance, changes to the tokenomics model, or any regulatory action.
BNB
BNB+0.30%
22h ago