Shareholders of Terraform Power, Inc. have been notified of a proposed $83.75 million cash settlement resolving a class action lawsuit related to the company's 2020 merger with Brookfield affiliates. The settlement, if approved by the Delaware Court of Chancery on June 22, 2026, will end all claims against Brookfield and related defendants. Eligible shareholders who exchanged Terraform shares for Brookfield shares or partnership units will receive pro rata payments from the settlement fund without needing to file claims. The court hearing will also address class certification, legal fees, and any objections to the settlement plan.
Wolfspeed remains a key player benefiting from AI demand but faces near-term financial and operational hurdles. The company needs around $800 million in revenue to break even on gross margin, yet current revenue is about $600 million. While increment...
Uniswap (UNI) has broken its downtrend, trading at $4.39, above both its 50-day and 200-day moving averages for the first time in months. This price is 59.8% below its 12-month high but 83.4% above its low, with strong trading volume supporting the r...
Rexford Industrial (REXR) is responding to challenges in the Southern California industrial real estate market by increasing its 2024 asset disposition goal to $2 billion and initiating a $1 billion share repurchase program. Despite reporting GAAP lo...
Mondelez International is rated a Buy due to its resilient performance, global scale, and attractive valuation that offers a solid margin of safety. The company continues to lead in core snacks and emerging markets, aiming to become the top global ch...
Argo Graphene Solutions Corp. has amended its private placement terms, reducing the unit price from $1.00 to $0.80 to raise up to $1 million, with an option to increase to $1.2 million. The funds will support the commercialization of its STREAM™ grap...
