Future Money Acquisition (NASDAQ: FMACU) on Thursday said it priced its initial public offering of 10 million units at $10.00 per unit, raising $100 million. The units are expected to begin trading on the Nasdaq Global Market under the symbol “FMACU” on March 27, with the offering expected to close on March 30, subject to customary conditions. Each unit consists of one ordinary share and one right...
Future Money Acquisition (NASDAQ: FMACU) on Thursday said it priced its initial public offering of 10 million units at $10.00 per unit, raising $100 million. The units are expected to begin trading on the Nasdaq Global Market under the symbol “FMACU” on March 27, with the offering expected to close on March 30, subject to customary conditions. Each unit consists of one ordinary share and one right to receive one-fifth of a share upon completion of an initial business combination. Source: Press Release More on Future Money Acquisition Corporation, Future Money Acquisition Corporation Financial information for Future Money Acquisition Corporation Financial information for Future Money Acquisition Corporation
Andrii Dodonov/iStock via Getty Images Salesforce, Inc. ( CRM ) ripped higher as the market appreciated the large share buyback, but the SaaSpocalypse fears have returned. The leading CRM solution continues reporting strong growth with impressive cash flows while the stock trades at multi-year lows. My investment thesis is bullish on the opportunity to dip-buy a leading software play alongside a m...
Andrii Dodonov/iStock via Getty Images Salesforce, Inc. ( CRM ) ripped higher as the market appreciated the large share buyback, but the SaaSpocalypse fears have returned. The leading CRM solution continues reporting strong growth with impressive cash flows while the stock trades at multi-year lows. My investment thesis is bullish on the opportunity to dip-buy a leading software play alongside a massive share buyback. Source: Finviz Massive Stock Buyback Salesforce announced major plans to repurchase $50 billion worth of shares along with the FQ4'26 results . The stock only has a market cap of around $170 billion now, so the buyback is significant to the valuation. Back on March 11, Salesforce announced a $25 billion accelerated share repurchase , ASR, agreement. The company completed the prepayment of the $25 billion via a debt offering, and Salesforce already took initial delivery of 103 million shares, ~80% of the shares to be repurchased under this ASR and fully settled by FQ3'27. The CFO made the following statement about the share repurchase: This $25 billion ASR reflects our increased conviction in the durability of our growth and cash flow trajectory. The market doesn't like that the company went to market to borrow $25 billion in senior notes to cover the up-front ASR. Salesforce had the option to repay debt over time or repurchase shares over time, and the company saw the current price as too attractive to pass up. Salesforce ended FY26 with a cash balance of $9.6 billion and $14.4 billion in debt. The company had a strong balance sheet entering the share repurchase program. Salesforce generated $14.4 billion in free cash flow last year. The forecast is for up to 10% cash flow growth in FY27 for a free cash flow target in the $16 billion range. In essence, the software company has the cash on hand and cash flow in FY27 to cover the massive ASR. The company already had a strong net payout yield entering the ASR at 7.8%, but this $25 billion buyback took the...
Key Points61,803 shares were sold directly by Richard M. Buskirk on March 11, 2026, for a transaction value of ~$2.08 million at a weighted average price of around $33.69 per share.
Key Points61,803 shares were sold directly by Richard M. Buskirk on March 11, 2026, for a transaction value of ~$2.08 million at a weighted average price of around $33.69 per share.
Olaplex (NASDAQ:OLPX), a hair care treatment and protection specialist, closed Thursday at $2.01, up 51.13% for the session. The stock surged after news that German consumer goods behemoth Henkel agreed to acquire Olaplex for $2.06 per share in cash. Trading volume reached 104.6
Olaplex (NASDAQ:OLPX), a hair care treatment and protection specialist, closed Thursday at $2.01, up 51.13% for the session. The stock surged after news that German consumer goods behemoth Henkel agreed to acquire Olaplex for $2.06 per share in cash. Trading volume reached 104.6
Bloomberg’s Caroline Hyde and Ed Ludlow discuss the jury verdict holding Google and Meta liable for a young woman’s social media addiction. Plus, the case in California was just the start of thousands of similar cases that could lead to impacts on the businesses of social media companies. And Google researchers tout a new compression technique for LLMs and vector search engines, sending shares of ...
Bloomberg’s Caroline Hyde and Ed Ludlow discuss the jury verdict holding Google and Meta liable for a young woman’s social media addiction. Plus, the case in California was just the start of thousands of similar cases that could lead to impacts on the businesses of social media companies. And Google researchers tout a new compression technique for LLMs and vector search engines, sending shares of memory and storage companies lower. (Source: Bloomberg)
Welcome back to Canada Daily, the newsletter on business, economics and politics from Vancouver to Montreal and beyond. If this was forwarded to you, sign up here . Air Canada CEO Michael Rousseau is under pressure, and Quebec’s National Assembly has just added to it. Elected representatives passed a motion — by a vote of 92 to zero, with one abstention — demanding Rousseau’s resignation over his ...
Welcome back to Canada Daily, the newsletter on business, economics and politics from Vancouver to Montreal and beyond. If this was forwarded to you, sign up here . Air Canada CEO Michael Rousseau is under pressure, and Quebec’s National Assembly has just added to it. Elected representatives passed a motion — by a vote of 92 to zero, with one abstention — demanding Rousseau’s resignation over his video following the deadly plane accident at LaGuardia Airport in New York. Rousseau delivered a somber message of condolence after the collision, which killed two pilots and injured dozens of passengers. But his statement was almost entirely in English. Air Canada is a bilingual company, with a legal obligation to provide services in both French and English, and one of the deceased pilots was a French-speaking Quebecer. As of early Thursday afternoon, more than 1,800 complaints had been received by the federal Office of the Commissioner of Official Languages. Rousseau apologized . “I am deeply saddened that my inability to speak French has diverted attention from the profound grief of the families and the great resilience of Air Canada’s employees,” he said. “Despite many lessons over several years, unfortunately, I am still unable to express myself adequately in French.” But outrage drags on in French-speaking Quebec, while many in the rest of Canada have expressed their unease since the beginning of this public relations crisis. “To be honest, I would rather have the CEO of our flagship carrier focusing his scarce time on safety and reliability than language training,” former Alberta Premier Jason Kenney said in a social media post. And if there’s one anglophone politician who’s pro-French, it’s Kenney — he took French training as a member of parliament in Ottawa and is now fluent. Paul Wells, an influential Canadian political journalist, told Radio-Canada that the controversy “raises important questions for Air Canada’s board of directors.” But, Wells added, “it’s worth...
P3 Global Intel claims that it has "quickly become the new standard in tip management for Crime Stoppers programs, [Law Enforcement Agencies], and government agencies helping to solve and prevent crimes around the world." Its software does what it says on the tin: It accepts tips from the general public and then manages conversations between law enforcement and the tipper. Many of these tips are, ...
P3 Global Intel claims that it has "quickly become the new standard in tip management for Crime Stoppers programs, [Law Enforcement Agencies], and government agencies helping to solve and prevent crimes around the world." Its software does what it says on the tin: It accepts tips from the general public and then manages conversations between law enforcement and the tipper. Many of these tips are, by their very nature, extremely sensitive, and disclosure of the tip could imperil people's lives. P3 promises on its websites that "your anonymity is protected at all times." But earlier this month, hackers calling themselves the, err, "Internet Yiff Machine" released 93GB of data that they claim was pilfered from P3's tip-taking system. Read full article Comments
A 25-year-old woman who has been paraplegic since a failed suicide attempt underwent euthanasia in Spain on Thursday, after her father lost a lengthy legal battle to stop the procedure, Spanish media reported. Her case was the first to reach a Spanish court for consideration since Spain became one of the few countries to legalise euthanasia in 2021, a law fiercely opposed by the Catholic Church. T...
A 25-year-old woman who has been paraplegic since a failed suicide attempt underwent euthanasia in Spain on Thursday, after her father lost a lengthy legal battle to stop the procedure, Spanish media reported. Her case was the first to reach a Spanish court for consideration since Spain became one of the few countries to legalise euthanasia in 2021, a law fiercely opposed by the Catholic Church. The woman, identified as Noelia, died shortly after 6pm at a hospital in Sant Pere de Ribes in the...