•Kraken is in talks to buy a 15% stake in DeFi lender Aave at a $385 million valuation.
•The DeFi lender is rebuilding after the fallout from April's KelpDAO exploit sparked a multibillion-dollar deposit exodus, despite Aave itself not being hacked.
•Winnebago reported fiscal third-quarter profit of $14.5 million, or 51 cents a share, compared with $17.6 million, or 62 cents a share, in the same quarter a year ago.
•SEALSQ Corp. (Nasdaq: LAES) and its parent WISeKey announced the establishment of Quantisimo Corp. as a special purpose vehicle and the execution of a letter of intent with GigCapital8 Corp.
•The proposed transaction aims to create a consolidated $2 billion trusted quantum pure-play platform following additional acquisitions.
•The initial enterprise value is set at $575 million with significant long-term growth potential through strategic acquisitions.
•Passage Bio (PASG) announced a definitive merger agreement with Remix Therapeutics, with Passage Bio shareholders owning approximately 7% of the combined company.
•The merger includes an oversubscribed private placement of approximately $100 million to fund operations into 2028.
•The combined entity will focus on advancing the lead program REM-422 targeting MYB in cancers such as adenoid cystic carcinoma and acute myeloid leukemia.
•Colony Bankcorp signed a definitive agreement to acquire First Reliance Bancshares in a stock-and-cash transaction valued at approximately $163 million.
•WISeKey and SEALSQ announced the establishment of Quantisimo Corp. as a special purpose vehicle and the execution of a non-binding Letter of Intent with GigCapital8 Corp.
•The proposed transaction has an initial enterprise value of $575 million with potential to create a $2 billion trusted quantum pure-play platform following additional acquisitions.
•The US and Qatar warned the EU that its climate policies on methane emissions will lead to a gas supply crunch and higher prices.
•US and Qatari energy officials Chris Wright and Saad al-Kaabi wrote a letter, quoted by the Financial Times, stating there is no viable path to compliance with EU methane regulations.
•Gold edged higher in early Asian trade but remains under pressure from Fed rate-hike expectations and a strong dollar.
•Asian currencies consolidated against the dollar in early trade but may be weighed by Fed rate-hike expectations that enhance the appeal of U.S. dollar-denominated fixed-income assets.
