The all-stock deal marks a significant move in the ongoing consolidation wave among U.S. regional banks, creating a new top-ten lender.
Shares surged over 100% in after-hours trading following a $35.6 million investment to advance a strategic mining project in Alaska.
Despite a revenue beat, the semiconductor equipment supplier's net loss and missed earnings per share estimates sent shares tumbling in after-hours trading.
The dilutive share offering at $1.25 per share comes just a week after the energy storage company's stock surged over 100%.
The private placement deal with an institutional investor is set to fund the development of the company's massive Tanbreez rare earth project in Greenland.
All-stock transaction marks significant consolidation in the regional banking sector, creating the 9th largest U.S. bank by assets.
The executive search firm's shares jumped over 19% after agreeing to an all-cash acquisition by an investor group led by Advent International and Corvex.
Former PayPal chief takes the helm as the telecom giant navigates intense competition and a strategic shift toward customer and financial growth.