Carnival Corporation (CCL 0.33% Wkly, $39.70B MC) - Mon, Sep 29 (Pre)

Paychex (PAYX -1.38% Wkly, $46.18B MC) - Tue, Sep 30 (Pre)

NIKE (NKE -2.23% Wkly, $102.37B MC) - Tue, Sep 30 (Post)

1 Traditional IPO, 4 SPAC IPOs, 2 De-SPAC listings, 1 Reverse Merger (effective/change of control), and 1 Uplisting

Fermi (FRMI), a new REIT founded by former U.S. Energy Secretary Rick Perry, is launching its IPO roadshow to raise $450-$550 million by selling 25M shares at $18-22. Expected to price Sept 30 and trade on NASDAQ Oct 1, the IPO aims for a $13.2B market cap at the high end. Its flagship Project Matador, a 5,000-acre advanced energy and intelligence campus in Texas, plans to deliver 1 GW by late 2026 and scale to 11 GW by 2038 through natural gas, solar, and nuclear. Fermi targets data center tenants, despite a $6.37M net loss from January to June 2025. UBS is a lead underwriter.

American Exceptionalism (AEXA): Chamath Palihapitiya re-entered the SPAC market with a fresh vehicle, American Exceptionalism Acquisition The offering was upsized to raise $300M, debuting up to 8.5% higher on Friday. Palihapitiya is targeting high-risk sectors including AI, energy, defense, and DeFi, though he warned retail investors they could “lose everything” if they buy in, with the IPO prospectus stating "no crying in the casino".

CoreWeave (CRWV -3.62% Wkly, $59.58B MC): CoreWeave (CRWV) set the shareholder vote for its acquisition of Core Scientific (CORZ) for Oct 30th. (Deal Page)

Empower Semiconductor secured over $140M in Series D financing, led by Fidelity Management & Research Company, with participation from several other firms. Barclays Capital acted as the exclusive placement agent. The funding will support scaling growth in the AI sector and fuel technological advancements in powering next-generation AI processors.

Distyl AI, an enterprise AI startup, raised $175 million at a $1.8 billion valuation in a round backed by Lightspeed Venture Partners, Khosla Ventures, DST Global, Coatue, and Dell Technologies Capital. The company partners with Fortune 500 firms across healthcare, telecom, insurance, manufacturing, and financial services to deliver near-term AI-driven efficiencies while helping re-architect business models for long-term AI transformation.

Modular, an AI startup founded in 2022, raised $250 million at a $1.6 billion valuation. Its platform allows developers to run AI applications across various chip types without rewriting code, serving major tech companies. Modular aims to create a level playing field in the AI chip market, loosening Nvidia's dominance. The company plans to monetize through enterprise sales and cloud partnerships, with investors seeing it as "VMware for the AI era."

OpenAI: Nvidia plans to invest $100B in OpenAI for data centers requiring 10 gigawatts of power, equivalent to 4-5 million GPUs. The first $10B will be deployed upon completion of the first gigawatt facility. Each gigawatt costs $50-60B, with $35B in Nvidia chips. The first phase, using Nvidia’s Vera Rubin systems, comes online H2 2026. OpenAI was recently valued at $500B.

OpenAI plans a $1 trillion global computing build-out, anchored by a Central Park-sized data center in Abilene, Texas. Driven by ChatGPT demand, they envision 20 GW near-term capacity ($1 trillion investment), potentially 100 GW ($5 trillion). Projects include Abilene expansion, New Mexico, Midwest with Oracle (5.5 GW), and two SoftBank-backed centers in Ohio and Austin (1.5 GW), bringing nearly 7 GW online in 18 months, enough for 8 million homes. CEO Sam Altman emphasizes societal value if financing challenges are solved.

CoreWeave (CRWV -3.62% Wkly, $59.58B MC): CoreWeave expanded its infrastructure partnership with OpenAI to $22.4 billion, including a new $6.5 billion deal. This supports training OpenAI’s next-gen models, highlighting CoreWeave's key role alongside Microsoft Azure and Oracle. The agreements reflect accelerating demand for GPU-driven data center capacity as AI model development intensifies.

BTQ Technologies (BTQ, $727.98M MC): BTQ Technologies, a quantum technology company, received approval to uplist to the Nasdaq Global Market, with trading beginning September 26, 2025, under the ticker BTQ. Shares will continue to trade on CBOE Canada and the Frankfurt Stock Exchange but no longer on OTCQX. CEO Olivier Roussy Newton stated that this move will broaden investor access and support the company's growth. BTQ is developing a neutral-atom quantum computing platform and post-quantum security solutions, aiming to advance the quantum internet for various applications.

Quantum Leap Energy Inv. Vehicle (SKBL), an ASP Isotopes (ASPI) subsidiary, acquired a 79.14% voting interest in Skyline Builders Group (SKBL), a Hong Kong civil engineering firm. This transaction involved a $17.78M private placement and a $1M purchase of super-voting shares. QLE gains immediate control of SKBL, intending to use it to acquire assets in the critical materials supply chain, supporting U.S. national security by securing feedstocks for advanced nuclear fuels like HALEU and Lithium-6. QLE now controls the listed entity, positioning it for future nuclear and materials acquisitions.

KBR (KBR -2.91% Wkly, $6.10B MC): KBR plans to split into two public companies by mid-to-late 2026: New KBR and SpinCo. New KBR will focus on Sustainable Technology Solutions (STS), delivering IP-protected process technologies for emissions reduction, efficiency, and energy transition, emphasizing low capital intensity and strong cash flow. SpinCo will handle Mission Technology Solutions (MTS), focusing on national security and space with long-duration contracts, capital-light operations, and leveraging acquisitions and global footprint for growth. The separation aims to be tax-free for shareholders.

Auterion, a defense software provider for autonomous drones, raised $130M in Series B funding led by Bessemer Venture Partners, plus $25M in Pentagon-backed non-dilutive funding. The capital will scale production of its AuterionOS platform and Nemyx defense system for drone swarms, and expand adoption of its Skynode X autopilot. Auterion's technology is already deployed in Ukraine, powering "strike kits" under a recent Pentagon contract, marking the largest Western deployment of autonomous combat technology.

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Ancestry.com: Blackstone is exploring strategic options for Ancestry.com, including a potential IPO valuing the genealogy platform at $10 billion or an outright sale. Banks have been asked to pitch for a public listing. While an IPO is actively considered, a sale or continued holding of the asset is also possible. Discussions are in early stages and subject to change.

Electronic Arts (EA 11.70% Wkly, $48.38B MC): Electronic Arts (EA) is in advanced talks for a leveraged buyout, potentially the largest ever, valuing the videogame publisher at up to $50 billion. A consortium including Silver Lake, Saudi Arabia’s Public Investment Fund (PIF), and Jared Kushner’s Affinity Partners is leading discussions. EA’s stock surged nearly 15% after reports of the talks. The deal would surpass the 2007 $32 billion TXU buyout. PIF already owns ~10% of EA. JPMorgan is preparing financing. (Deal Page)

Oura Health is raising $875M in Series E funding at a $10.9B valuation, over double its value since last November’s $5B round. The raise, potentially exceeding $900M, includes a $250M revolving credit line. Oura has sold 5.5M rings, up from 2.5M in mid-2024, and projects $1B in 2025 revenue and $1.5B+ in 2026. Proceeds will fund production, product development, and global expansion. No immediate IPO plans are signaled despite strong growth.

Pepsi (PEP -0.93% Wkly, $192.27B MC): Activist investor Elliott Management, with a $4 billion stake, is pressuring PepsiCo to cut costs, divest Quaker, and spin off bottling operations like Coca-Cola did. Elliott believes this will simplify PepsiCo, boost margins, and focus on growth categories like snacks and sodas. While some investors agree, others warn of significant costs and a lengthy transition. PepsiCo's stock has fallen almost 20% in the last year, increasing pressure on management.

TikTok US: President Donald Trump said on Fox News’ Sunday Briefing that Rupert Murdoch and Lachlan Murdoch, along with Oracle’s Larry Ellison and Dell Technologies CEO Michael Dell, are likely to be part of the investor group acquiring TikTok’s U.S. business. Trump described the prospective backers as “American patriots” who would safeguard the platform. While Trump suggested Lachlan Murdoch’s personal involvement, a source told CNBC that he is unlikely to participate individually, though Fox , where he serves as executive chair and CEO, could play a role. The remarks add to speculation around the investor consortium that will control TikTok under a U.S. divestiture deal. (Deal Page)

FutureCrest (FCRSU): Tom Lee’s new SPAC FutureCrest Acquisition raised $250M and opened 5.5% higher. Lee’s vehicle will pursue opportunities in AI, crypto, fintech, and digital assets.

Semler Scientific (SMLR -2.98% Wkly, $418.96M MC): Strive will acquire Semler Scientific in an all-stock deal, valuing Semler at a 210% premium ($90.52/share), with each Semler share exchanged for 21.05 Strive Class A shares. Strive also bought 5,816 Bitcoin for $675M, boosting its treasury to 5,886 BTC. Post-merger, the combined company will hold over 10,900 Bitcoin and plans to monetize/distribute Semler’s diagnostics business while expanding into preventative diagnostics. (Deal Page)

Tether SA is reportedly in talks to raise $15–$20 billion through a private placement for a 3% stake, potentially valuing the company at $500 billion. Advised by Cantor Fitzgerald, the deal would involve new equity issuance. The proceeds would fund expansion into stablecoins, AI, commodity trading, energy, communications, and media. This would be one of the largest private fundraising efforts in history.

Zerohash, a crypto and stablecoin infrastructure platform, raised $104 million in a Series D-2 round, bringing total funding to $275 million. The round was led by Interactive Brokers and included new investors like Morgan Stanley and BlackRock. Founded in 2017, Zerohash provides regulatory-compliant infrastructure for crypto, stablecoin, and tokenization services to over 5 million users in 190 countries, supporting global clients such as Stripe and DraftKings. The new funding will accelerate product expansion, talent growth, and on-chain innovation.

Kraken (Payward) is in talks to raise $200-$300 million at a ~$20 billion valuation, a significant increase from its $15 billion valuation earlier this year. This deal, not yet finalized, aims to bolster Kraken's funds for a potential IPO, competing with Coinbase. Founded in 2011, Kraken has expanded its product suite to include tokenized equity trading, positioning itself for public markets.

GSR III (GSRT -1.51% Wkly, $299.45M MC): Terra Innovatum Srl, a developer of micro-modular nuclear reactors, and SPAC GSR III Acquisition (Nasdaq: GSRT) announced they secured $37.5 million in committed financing to support their pending business combination. The funding package includes $32 million in PIPE capital led by Segra Capital Management alongside strategic and accredited investors, plus $5.5 million from a bridge facility that will convert into common equity upon closing.

The ODP (ODP 34.39% Wkly, $841.75M MC): The ODP (ODP) agreed to be acquired by Atlas for $28 per share in cash, valuing the deal at about $1 billion and representing a 34% premium to ODP’s September 19, 2025, closing price. The transaction, unanimously approved by ODP’s board, is expected to close by year-end 2025, after which ODP will become a private company and delist from Nasdaq. (Deal Page)

Cool Company (CLCO 18.54% Wkly, $496.63M MC): Cool Company, an LNG carrier operator, is in advanced talks to be acquired by EPS Ventures in a cash merger. The deal values CoolCo at $9.65 per share, a 26% premium to its September 22, 2025 closing price. EPS would acquire all outstanding shares it doesn't own, delist the company from the NYSE and Euronext Growth Oslo, and merge a wholly owned subsidiary into CoolCo under Bermuda law. A Special Committee is evaluating the transaction, targeting a close in late 2025 or early 2026. (Deal Page)

Morse Micro, an Australian Wi-Fi HaLow silicon solutions provider, raised $59M in Series C funding, led by MegaChips and including NRFC, Blackbird, and others, bringing total funding to $193M. This capital will support international expansion, scaling Wi-Fi HaLow chip production, and driving IoT 2.0 adoption for high-throughput, long-range, and scalable device connectivity.

PROS Holdings (PRO 39.73% Wkly, $1.10B MC): PROS (PRO) agreed to be acquired by Thoma Bravo in an all-cash deal valued at $1.4 billion, with shareholders receiving $23.25 per share, a 41.7% premium to PROS’ September 19, 2025 close and a 53.2% premium to its 30-day VWAP; the transaction, unanimously approved by PROS’ board, is expected to close in Q4 2025, after which PROS will become private under Thoma Bravo’s ownership. (Deal Page)

Couchbase has completed its $1.5 billion all-cash acquisition by Haveli Investments, following stockholder approval on September 9, 2025. Shareholders will receive $24.50 per share, and with the deal’s close, Couchbase has become a privately held company. Its common stock has ceased trading and will be delisted from the Nasdaq. (Deal Page)

Dayforce (DAY 0.09% Wkly, $11.00B MC): A Goldman Sachs-led bank group launched a $5.5 billion leveraged loan to finance Thoma Bravo’s pending $12.4 billion acquisition of Dayforce , marking the largest loan this year backing an M&A deal. The loan is being offered at SOFR + 3.5% with a 99.5 OID, with lender commitments due October 7, 2025. The financing surpasses the $3.95 billion loan used for Quikrete’s takeover of Summit Materials in January. (Deal Page)

Verint Systems (VRNT -0.10% Wkly, $1.22B MC): Banks led by Banco Santander SA cut the debt package for Thoma Bravo’s Verint Systems acquisition from $2.7 billion to $1.7 billion due to investor pushback. The revised leveraged loan is at SOFR + 400 bps. Thoma Bravo plans to merge Verint with Calabrio, despite AI disruption risks in the call center sector. Credit agencies flagged the buyout as ratings-negative. (Deal Page)

Filevine: Legal tech company Filevine raised $400M in all-equity financing led by Insight Partners, Accel, and Halo Fund, with proceeds to scale AI capabilities and go-to-market strategy.

Prepared: Axon (AXON) is acquiring Prepared, an AI-powered emergency communications platform. Prepared integrates audio, text, video, GPS, and real-time translation from 911 calls, supporting over 1,000 agencies in 49 states. This acquisition will enhance Axon’s public safety ecosystem, improving response speed and context. The transaction is expected to close in early Q4 2025.

Ethos Technologies, a Google Ventures-backed insurance tech platform, has filed for a U.S. IPO under the ticker LIFE on Nasdaq. The company reported $30.7M net income on $183.7M revenue for the six months ended June 30, up from $18.7M profit on $118.6M revenue a year prior. Ethos and shareholders will sell stock, with proceeds for tax withholding. Major investors include Sequoia Capital, Accel, GV, and SoftBank Vision Fund 2. Goldman Sachs and JPMorgan are leading the offering.

Klarna (KLAR -7.14% Wkly, $14.77B MC): Klarna Group's shares have fallen below their $40 IPO price to $39.94, just weeks after its September 10 debut. The stock is down 13% from its first-day close amid intense fintech competition and U.S. interest rate uncertainty. Despite an oversubscribed $1.58 billion IPO, optimism has cooled due to high borrowing costs and scrutiny of CEO Sebastian Siemiatkowski, with Chairman Michael Moritz warning Klarna is "10 years behind Revolut."

Sony (SONY 1.43% Wkly, $179.52B MC): Sony Financial Group (SFGI) surged 36% in its Tokyo Stock Exchange debut after spinning off from Sony Group, valuing it at about 1 trillion yen ($6.7 billion). The separation aims to boost growth capital for the financial arm (Sony Life Insurance, Sony Assurance, Sony Bank) while Sony focuses on entertainment and semiconductors. U.S. investors can access SFGI via an unsponsored ADR program (ticker: SFGI) led by JPMorgan, with existing Sony ADR holders automatically receiving SFGI ADRs, subject to fees and likely treated as a taxable dividend.

Anywhere Real Estate (HOUS 47.67% Wkly, $1.17B MC): Compass and Anywhere Real Estate signed an all-stock merger agreement, valuing the combined company at approximately $10 billion. Anywhere shareholders will receive 1.436 Compass Class A shares per HOUS share ($13.01 based on Compass’ 30-day VWAP as of September 19, 2025). Post-merger, Compass shareholders will own about 78% and Anywhere shareholders 22%. The deal is expected to close in the second half of 2026, pending approvals. (Deal Page)

Brighthouse Financial (BHF -3.21% Wkly, $3.19B MC): Greenlight Capital urged Brighthouse Financial's board to pursue strategic alternatives and accept Aquarian's acquisition offer. Greenlight, holding 4.9% of Brighthouse, stressed seizing this opportunity. Brighthouse, an annuity and life insurance provider, has recently been the subject of buyout interest, including reports of an Aquarian-led consortium valuing the company at up to $4 billion. (Deal Page)

First Savings Financial Group (FSFG 15.97% Wkly, $221.92M MC): First Merchants and First Savings Financial Group signed an all-stock merger agreement, valuing First Savings at about $241.3 million. First Savings shareholders will receive 0.85 shares of First Merchants stock per share, implying $33.60. First Savings Bank will merge into First Merchants Bank. The deal is expected to be 11% accretive to EPS by 2027 with a 3-year tangible book value earnback period and is slated to close in Q1 2026. (Deal Page)

Stripe’s valuation has surged to $106.7 billion, surpassing its previous peak of $95 billion in 2021 and up from $91.5 billion earlier this year, making it one of the most valuable private fintech firms globally. Despite the growth, Stripe has chosen to remain private, similar to peers like Anthropic and OpenAI, leaving retail investors sidelined from participating in its rise.

AppZen, an AI-native platform for autonomous finance, raised $180M in a Series D round led by Riverwood Capital. The funding will accelerate adoption of its agentic AI platform, which uses proprietary ZenLM models and the Mastermind AI Automation Platform to streamline finance workflows like T&E, accounts payable, and corporate card programs. AppZen serves 500+ global enterprises, including 65+ Fortune 500 firms, reporting $2B in savings and shifting manual finance workloads to higher-value tasks. The company plans to expand enterprise adoption by scaling AI-powered digital coworkers, aiming to replace over 50% of manual finance work and allow CFOs to scale without adding headcount.

Tide, the UK-based business management platform, secured a $120M+ strategic investment led by TPG’s Rise Funds, with participation from existing investor Apax Digital Funds, valuing the company at $1.5B. The funding will support international expansion, rapid product development, and investment in agentic AI, reinforcing Tide’s status as a leading European late-stage fintech.

Fnality, a central-bank-regulated operator of wholesale payment systems, secured $136 million in Series C funding from investors including WisdomTree, Bank of America, Citi, KBC Group, Temasek, and Tradeweb, with participation from existing investors like Goldman Sachs and UBS. This financing will support Fnality's mission to build a global distributed ledger-based settlement network, bridging traditional wholesale markets with institutional tokenized assets, following the December 2023 launch of its Sterling Payment System in the UK. The company plans to expand into additional major currencies, enhance liquidity management solutions, and enable settlement interoperability for innovations like stablecoins and tokenized deposits.

Medline Industries, backed by Blackstone, Carlyle, and Hellman & Friedman, is considering a public IPO filing in late October, potentially the biggest U.S. listing of the year, aiming to raise $5 billion and value the company at up to $50 billion. They previously filed confidentially in December, with a November debut possible. Goldman Sachs, Morgan Stanley, JPMorgan, and Bank of America are leading the underwriting. Final deal terms are still being discussed.

Semnur (OTC:SMNR): Semnur Pharmaceuticals (SMNR / SMNRW, OTC), a majority-owned subsidiary of Scilex Holding Company (Nasdaq: SCLX), completed its business combination with Denali Capital Acquisition The combined company will operate as Semnur Pharmaceuticals, with its common stock and warrants expected to continue trading on the OTC Markets under the symbols SMNR and SMNRW. Post-closing, Scilex owns approximately 87.5% of Semnur’s common stock. 

Merus (MRUS 0.98% Wkly, $5.21B MC): Genmab A/S will acquire Merus N.V. in an all-cash tender offer at $97.00 per share, valuing Merus at $8.0 billion (a 41% premium). The deal, targeting early Q1 2026 close, adds Merus’ late-stage oncology asset petosemtamab to Genmab’s pipeline, accelerating its shift to a fully owned model and supporting multiple drug launches by 2027. Financing includes cash on hand and $5.5 billion in committed debt from Morgan Stanley. (Deal Page)

Metsera (MTSR 56.81% Wkly, $5.49B MC): Pfizer will acquire Metsera for $47.50 per share in cash, totaling a $4.9 billion enterprise value. An additional CVR of up to $22.50 per share is tied to three milestones: $5 for Phase 3 trial initiation of MET-097i+MET-233i, $7 for FDA approval of MET-097i monotherapy, and $10.50 for FDA approval of the combo therapy. The deal, expected to close in Q4 2025, could reach $70 per share if all milestones are met. (Deal Page)

Premier (PINC 8.00% Wkly, $2.30B MC): Premier (PINC) will be acquired by Patient Square Capital for $28.25/share in cash, a 23.8% premium to its 60-day VWAP, valuing the deal at roughly $3.4 billion. The transaction is expected to close by Q1 2026, after which Premier will become a private company and delist from Nasdaq. A $0.21/share dividend will be paid on September 15, 2025, but future dividends will be suspended. (Deal Page)

Essa Pharma (EPIX -4.83% Wkly, $9.51M MC): ESSA Pharma amended its merger terms with XenoTherapeutics, reducing shareholder payout to $0.12 per share plus CVRs worth up to $0.14, following a prior $1.69 cash distribution. (Deal Page)

DarioHealth (DRIO 101.06% Wkly, $603.75M MC): DarioHealth (Nasdaq: DRIO) announced that its Board of Directors has initiated a comprehensive strategic review after receiving multiple unsolicited inbound inquiries from interested parties. The review, led by a Special Committee, will evaluate a full range of options, including a potential sale, merger, strategic business combination, or continuing with the company’s current standalone strategy. (Deal Page)

Verona Pharma (VRNA 0.63% Wkly, $9.07B MC): Verona Pharma (Nasdaq: VRNA) shareholders approved the company’s merger with Merck & (MRK) at a special meeting on September 24, 2025, with closing expected before market open on October 7, 2025. Trading in VRNA will be halted after-hours on October 6 and remain halted on October 7, with suspension effective October 8, 2025. Under the terms, Verona shareholders will receive $107.00 in cash per share. (Deal Page)

Theratechnologies (THTX 2.73% Wkly, $155.87M MC): Theratechnologies (Nasdaq: THTX) shareholders approved a Plan of Arrangement with CB Biotechnology, (an affiliate of Future Pak, ) on September 12, 2025, which became effective on September 25, 2025. THTX shares had their last trading date on September 25 and will be suspended effective September 26, 2025. Under the deal, shareholders will receive $3.01 in cash plus one contingent value right (CVR) per share. (Deal Page)

Judi Health: Capital Rx, a health tech and benefits administration company, announced a $400 million investment, including a $252 million Series F led by Wellington Management and General Catalyst, with participation from Goldman Sachs Alternatives, Generation Investment Management, B Capital, Edison Partners, and others. Concurrent with funding, the company is rebranding as Judi Health, evolving into a full-service health benefits technology platform.

Acadia Healthcare Company (ACHC 10.79% Wkly, $2.27B MC): Activist investor Engine Capital urged Acadia Healthcare to refresh its board, cut costs, and consider asset sales to fund share buybacks. Engine criticized Acadia's 2022 reorganization as inefficient and faulted its corporate culture and governance, recommending replacing long-tenured directors. Acadia is also under a DOJ investigation. Shares rose nearly 9% after the news. Acadia stated it regularly engages with shareholders.

Kodiak AI (KDK): Kodiak AI completed its business combination with SPAC Ares Acquisition II, with shareholders approving the deal on September 23, 2025. Kodiak AI will begin trading on Nasdaq on September 25, 2025 (KDK, KDKRW). Kodiak secured over $212.5 million, including $145 million in PIPE funding. In 2024, Kodiak delivered driverless semi-trucks to Atlas Energy Solutions, its first paying customer. Kodiak has completed over 7,300 freight loads for customers like Maersk and IKEA.

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Integral Ad Science (IAS 19.81% Wkly, $1.70B MC): Integral Ad Science (IAS) is being acquired by Novacap for $1.9 billion ($10.30/share), a 22% premium. Current shareholder Vista will exit its stake. The transaction, unanimously approved by IAS’s board, is expected to close by year-end 2025. IAS will retain its name and brand, focusing on accelerating growth in its AI-first media measurement and optimization platform. (Deal Page)

DallasNews (Nasdaq: DALN) completed its merger with Hearst, with shareholders receiving $16.50 per share in cash. Following the closing, DallasNews’ Series A common stock ceased trading on Nasdaq after September 24, 2025. The Dallas Morning News and Medium Giant will now operate as part of Hearst. (Deal Page)

Clear Channel Outdoor (CCO 5.71% Wkly, $735.58M MC): Anson Funds Management, holding 3.6% of Clear Channel Outdoor (CCO), is urging the outdoor advertising company to pursue a sale. The activist investor has directly conveyed its views to the board. Clear Channel stated it regularly engages with shareholders and focuses on investor interests. Shares rose 6.4% to $1.49, giving the company a market value of roughly $740 million, though the stock is down about 16% over the past year.

Six Flags Entertainment (FUN -1.88% Wkly, $2.22B MC): Activist investor Land & Buildings wants Six Flags to spin off or sell its real estate, which could unlock up to $6 billion. Citing issues like a poorly received Cedar Fair merger and a 55% stock decline, the firm proposes an "opco-propco" split or an outright sale. Six Flags (market cap $2.1 billion) is open to shareholder ideas and has been discussing with Land & Buildings. Shares rose over 4% on the news.