Markets

Delek Logistics Partners, LP successfully priced a $700 million offering of 7.375% senior notes due 2033. The notes, issued by Delek Logistics and its subsidiary, will be issued at par, closing June 30, 2025, and are intended to repay outstanding borrowings. This offering targets qualified institutional buyers and non-US persons. The deal highlights investor confidence in the midstream energy sector. Delek Logistics provides transportation, storage, and marketing services.

The popular modding site Nexus Mods (N网) has been acquired by a new owner, Chosen, marking a significant change for the platform. Founded in 2001, N网 has become a hub for game modifications. The acquisition raises concerns about the site’s future, given the new owners’ affiliations with commercial ventures and the financial pressures the site faced under its original founder.

Sixty Six Capital Inc. is increasing its Bitcoin holdings, acquiring 18.2 BTC for CAD$2,634,450 and planning to convert its BTCC.B ETF holdings to direct BTC ownership. The company will also launch a private placement financing to raise USD$2.5 million for further Bitcoin acquisitions and operational expenses. This strengthens its commitment to the digital asset space.

Align Probiotic is launching a campaign to raise awareness of gut health. The campaign utilizes city signage in New York City, with award-winning actress Alison Sweeney as a prominent figure. The initiative transforms street elements with messages related to gut health, encouraging people to pay attention to their bodies’ signals. A sweepstakes is also running nationwide, to further amplify the message.

Besra Gold shareholders have concluded a Special Meeting, the details of which remain undisclosed. The announcement, a key event in a fluctuating gold market, signals an important juncture for the company. Investors will be closely monitoring the strategic implications of the meeting’s decisions and the direction of Besra Gold’s future course.

Stillwater Critical Minerals Corp. closed the initial tranche of its private placement, raising C$3,479,164 through the sale of units at C$0.23 each. The proceeds will fund exploration at its Stillwater West project in Montana, along with a smaller program at its Kluane project in Yukon. Red Cloud Securities Inc. acted as agent. Glencore Canada will exercise its equity participation rights in the upcoming final tranche.

The foldable smartphone market faces a slowdown in 2024-2025, with a potential single-digit decline anticipated after years of rapid growth. However, the market is anticipating Apple’s entry, rumored for 2025, which could reshape the landscape. Supply chains also see significant potential, with Apple’s involvement stimulating growth across various component sectors and potentially driving further innovation.

Sprout Social dominated G2’s Summer 2025 Reports, earning 164 leader badges and securing the top spot in 33 reports, including the Enterprise Grid Report for Social Media Suites. They also achieved #1 in 17 regional reports. Further solidifying their position, Sprout Social received eight awards in TrustRadius’ 2025 Top Rated Awards across various social media categories, recognizing their all-encompassing social media management capabilities.

iFLYTEK has upgraded its AI Learning Machine with enhanced AI-driven personalized learning, Q&A tutoring, and interactive lessons. These updates, including a new diagnostic tool and expanded subject coverage, aim to customize learning experiences across grade levels. The summer launch also features new curricula aligned with educational standards and 16 feature upgrades, like AI textbooks and stress relief tools, to transform student learning. These enhancements are free for existing users.

Reports indicate that Nanjing-based chip designer, a DPU leader, is facing severe financial difficulties. Allegations from former and current employees include unpaid salaries, uncompensated layoffs, and withheld bonuses, starting in March. The company’s 2023 plan to spin off EDA and DPU operations, coupled with high R&D costs, and equity pledges in April 2024, may be contributing factors.