Markets

THEMAC Resources (MACQF) urges shareholders to vote on the proposed acquisition by Tulla Resources Group at $0.08 per share by the October 3, 2025 deadline. The Board and proxy advisor ISS recommend voting in favor of the statutory arrangement. Due to a Canada Post strike, online or telephone voting is strongly encouraged. The special meeting is scheduled for October 7, 2025, focusing on the arrangement under the Yukon Business Corporations Act.

Mesoblast Limited announced that the permanent J-Code J3402 for Ryoncil, its cell therapy for steroid-refractory acute graft-versus-host disease (SR-aGvHD) in pediatric patients, became effective on October 1, 2025. Assigned by CMS, the code aims to streamline billing and reimbursement, potentially broadening patient access to this first FDA-approved mesenchymal stromal cell product. While seen as positive, commercial payer adoption is crucial for realizing Ryoncil’s full potential. Healthcare providers can now utilize J3402 for claims submitted for services rendered on or after October 1, 2025.

Vistra (VST) received FERC approval to acquire seven natural gas generation facilities from Lotus Infrastructure Partners, adding approximately 2,600 megawatts to its portfolio. The facilities, located across PJM, New England, New York, and California, will enhance Vistra’s power generation capabilities and grid reliability. The deal is expected to close by Q1 2026, pending standard conditions and NYPSC approval. Analysts see the acquisition as aligning with Vistra’s strategy to optimize its generation fleet and capitalize on natural gas demand. The acquired facilities represent modern, efficient natural gas assets, potentially positively impacting Vistra’s earnings.

Emeren Group Ltd (NYSE: SOL) has canceled its extraordinary general meeting (EGM) scheduled for October 21, 2025, concerning the proposed merger with Shurya Vitra Ltd. and Emeren Holdings Ltd. The cancellation is due to the ongoing SEC review of the proxy statement and transaction statement. Emeren plans to reschedule the EGM after finalizing and filing definitive statements, ensuring shareholders have complete and accurate information. A new EGM date and record date will be announced in accordance with regulations.

Huntington Ingalls Industries (HII) appointed Roger Kelly as Vice President of Contracts and Pricing at Newport News Shipbuilding, effective October 2, 2025. Kelly, succeeding Matt Mulherin Jr., will oversee all contract negotiations, pricing strategies, and export/import compliance, reporting to Don Godwin. Kelly joined HII in 1999 as a nuclear engineer and previously served as Director of Contracts and Pricing, overseeing new construction contracts. He holds degrees in civil engineering and an MBA.

A federal court affirmed an arbitration award in favor of Matthews International against Tesla. The dispute’s specifics remain confidential, but sources suggest it involves automation technologies supplied to Tesla. This legal victory strengthens Matthews’ position as a reliable partner in industrial automation. While the financial impact on Tesla is likely manageable, the ruling adds to its operational challenges and raises concerns about future technology procurement disputes and reputational damage. The judgment underscores the importance of clear contracts and intellectual property rights within the EV industry.

PNC Financial Services Group declared quarterly dividends for common and preferred stock, signaling financial stability and commitment to shareholder returns. A $1.70 per share dividend on common stock is payable November 5, 2025, to shareholders of record October 14, 2025. Dividends were also announced for various preferred stock series with varying amounts and payment dates in November/December 2025. These dividends underscore PNC’s capital allocation strategy and confidence in navigating the current economic environment. Investors will monitor key performance metrics leading up to payment dates.

Carnival Corporation is expanding its “Less Left Over” food waste reduction strategy by launching meal donation programs in Mexico, Honduras, and the Dominican Republic. These partnerships with local food banks and organizations will redirect surplus high-quality meals to vulnerable populations, marking the first time a cruise line has established such programs in Latin America. This initiative extends Carnival’s meal donation program to 19 port destinations and reflects its commitment to addressing hunger and promoting sustainability. The program builds on a successful model already implemented in Europe.

Costamare Inc. (CMRE) announced quarterly dividends for preferred and common stockholders. Preferred stock dividends, covering July 15-October 14, 2025, are: Series B (7.625%) at $0.476563/share, Series C (8.50%) at $0.531250/share, and Series D (8.75%) at $0.546875/share, payable October 15, 2025. A common stock dividend of $0.115/share for Q3 2025 will be paid November 6, 2025, to shareholders of record October 21, 2025. Dividends depend on earnings, financial conditions, and economic factors. CMRE is a leading containership owner.

Aker Carbon Capture ASA (AKRCY), currently liquidating, announced a correction to the record date for its final liquidation dividend of NOK 0.137 per share. The last trading day with dividend rights is October 10, 2025; ex-dividend date is October 13, 2025; record date is October 14, 2025; and payment is expected around October 17, 2025. This distribution represents a conclusion for investors following the company’s carbon capture technology efforts and highlights the challenges in scaling such solutions, marking the final opportunity for investors to recoup value.