Botanix Labs has ceased operations of its Bitcoin Layer 2 platform, Spiderchain, citing insufficient user engagement and revenue to sustain the network. Despite processing over 25 million transactions and maintaining strong security, the platform failed to attract enough daily activity or fee income, largely due to limited adoption of Bitcoin-based decentralized finance (DeFi). Users are advised to withdraw assets by July 9, 2026, after which remaining Bitcoin will be collected by the federation. This shutdown highlights ongoing challenges for Bitcoin Layer 2 solutions in gaining market traction against more established DeFi platforms on other blockchains.
Tecnoglass Inc., a leading manufacturer of high-end aluminum and vinyl windows and architectural glass, announced a quarterly dividend of $0.15 per share for the second quarter of 2026. Shareholders recorded by June 30, 2026, will receive the dividen...
Nuvini is close to finalizing its acquisition of a 51% stake in Beyondsoft Americas, forming a combined technology platform with approximately $148 million in pro forma revenue, about four times Nuvini's current size. The deal will expand Nuvini's re...
GXO Logistics has signed a multi-year agreement with L’Oréal to manage its logistics operations in Czechia, Slovakia, and Hungary, supporting growth in retail and e-commerce. The deal builds on over 15 years of partnership and includes developing a n...
APA Corporation announced it will acquire Savant Alaska, LLC for about $70 million upfront plus contingent payments tied to future development. The deal includes key infrastructure like the Badami oil facility (40,000 barrels/day capacity) and the Nu...
Ligand Pharmaceuticals announced it will host an Investor Day on December 8, 2026, at the Harvard Club in New York City. The event will feature presentations from senior management covering the company’s strategy, recent investments, royalty portfoli...
