The U.S. Securities and Exchange Commission (SEC) has reached a settlement with Indian billionaire Gautam Adani and his nephew Sagar Adani over civil fraud allegations related to misleading investors in solar energy contracts. Gautam Adani will pay a $6 million penalty, and Sagar Adani will pay $12 million, without admitting or denying the allegations. The case involves accusations of bribery tied to Indian government solar contracts and was part of a broader criminal indictment filed in New York federal court. Reports indicate that the U.S. Justice Department is likely to drop the related criminal charges. The Adani Group denies all allegations, calling them baseless, and Gautam Adani has proposed a $10 billion investment in the U.S. economy with job creation as part of his defense strategy.
Berto Acquisition Corp. II priced its upsized initial public offering at $274 million, selling 27.4 million units at $10 each. The SPAC, led by veteran sponsor Harry You, aims to merge with companies in technology, AI, and related sectors. Trading un...
Duke Robotics Corp. announced a $9.2 million underwritten public offering of 1,125,000 units priced at $8.20 each, including common stock and warrants. The company plans to use the proceeds for R&D, sales expansion, marketing, business development, p...
GoldMining Inc. held its 2026 annual meeting on May 14, where a quorum of 27.04% of shares voted. All six director nominees proposed by management were elected with strong majority support, each receiving over 90% of votes. Shareholders also approved...
Weyerhaeuser Company announced a quarterly base cash dividend of $0.21 per common share, payable on June 22, 2026, to shareholders of record as of June 5, 2026. The company aims to return 75-80% of its annual Adjusted Funds Available for Distribution...
Honda reported an operating loss of 414.3 billion yen ($2.61 billion) for the fiscal year ending March, its first annual loss in nearly 70 years, due to challenges in its electric vehicle business, competition from Chinese rivals, and U.S. tariffs. T...
