GMR Solutions Inc. has priced its initial public offering (IPO) at $15 per share for 31.9 million Class A common stock shares, with trading expected to begin on the New York Stock Exchange under the ticker GMRS on May 13, 2026. The company plans to use the proceeds to redeem Series B preferred shares and repay part of its debt. This IPO marks a significant step for GMR, the largest EMS provider in the U.S., which serves over 60% of the population with both air and ground emergency medical services. The offering includes an option for underwriters to purchase additional shares, and is backed by major financial institutions. The IPO is expected to close on May 14, 2026, subject to usual conditions.
The global automotive microcontrollers market is projected to grow from USD 15.49 billion in 2025 to USD 34.31 billion by 2035, at a CAGR of 8.28%. Growth is fueled by increasing adoption of advanced driver-assistance systems (ADAS), vehicle electrif...
Sodexo has secured a major global contract to provide catering services across more than 130 Meta sites in over 30 countries. This large-scale partnership includes diverse locations such as headquarters, campuses, data centers, and conference centers...
Viasat and BMW Group have successfully demonstrated the first integrated automotive satellite voice call, allowing drivers to make calls directly through the car's infotainment system even in areas without cellular coverage. This advancement, utilizi...
Iran has warned it will retaliate fiercely if the US targets its infrastructure, following President Trump's threat to strike Iranian power plants and bridges next week if negotiations fail. The US recently conducted airstrikes against Iranian milita...
Solana (SOL) maintains its price in the mid-$70 range, supported by several key developments. These include Circle's recent issuance of $500 million in USDC on the Solana network, increasing liquidity and transactional demand. Additionally, instituti...
