Investment

Kratos Defense & Security Solutions announced a public offering of 12,987,013 shares at $38.50, raising approximately $483.75 million. Closing on June 27, 2025, the proceeds will fund program scaling, new awards, acquisitions, and debt reduction, bolstering Kratos’ position in defense and national security. The offering is managed by Baird, RBC Capital Markets, Truist Securities, and Raymond James, supporting Kratos’ advanced technology development.

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.

Woodside has finalized the sale of a 40% interest in Louisiana LNG Infrastructure LLC to Stonepeak. Stonepeak will inject $5.7 billion into the project, contributing 75% of the CAPEX in 2025 and 2026. Woodside received approximately $1.9 billion upon closing and aims to boost shareholder returns. The partnership will accelerate LNG development and leverage Stonepeak’s investment expertise in the US gas infrastructure market. Louisiana LNG has a total permitted capacity of 27.6 Mtpa.

Apollo is investing $750 million in Mumbai International Airport (MIAL), a subsidiary of Adani Airports Holdings Limited. This investment, channeled through senior secured notes, will refinance existing debt and fund operational improvements, modernization, and sustainability projects. With the potential for an additional $250 million in financing, the deal supports India’s economic growth and showcases Apollo’s commitment to infrastructure development in a key market.

Ares Management Corporation is investing €2 billion for a 20% stake in Plenitude, a European energy transition leader controlled by Eni, valuing the company at €12 billion. Plenitude operates in 15 countries, with a significant renewable energy capacity and EV charging infrastructure. Ares’s Alternative Credit funds are leading the investment, supporting Plenitude’s growth strategy.

University Bancorp (UNIB) increased its stake in Currency Exchange International (CXI) by approximately 0.48%, reaching about 12.02% ownership. The company acquired shares on both the Toronto Stock Exchange and the OTC Markets. UNIB views its CXI holdings as an investment, subject to ongoing review, and may consider various strategic options. The announcement follows UNIB’s strong 2024 financial results and highlights its position as a significant financial holding company in Michigan.

This analysis examines the evolving investment landscape, with a shift away from traditional liquors like Moutai towards collectible figures, specifically Pop Mart’s Labubu series. Fund manager Hu Xinwei is adapting his strategy, pivoting from Moutai to Pop Mart. However, concerns arise regarding performance disparities and market timing. The article also explores ChinaAMC’s challenges, declining industry position, and the need for rebuilding its research and trust system to regain investor confidence.

Neta Auto, facing financial challenges, is undergoing a major restructuring overseen by a Chinese court. This government-backed initiative aims to address debt, attract investment, and streamline management. A key component involves potentially replacing current CEO Fang Yunzhou with someone from a major multinational automotive firm, fueling speculation of a leadership change and echoes concerns from previous CEO turnover. The reorganization prioritizes creditors, employees, and customers, with a focus on resuming production, enhancing technology, and global expansion.

Oklo Inc., an advanced nuclear technology firm, is launching a public offering of 6,666,667 Class A shares at $60.00 each, potentially raising $400 million. The capital will fund operations and future investments. Goldman Sachs and BofA Securities are leading the offering, expected to close June 16, 2025. Oklo aims to develop clean, reliable energy via fast fission power plants, while also focusing on radioisotope production and fuel recycling.

T. Rowe Price’s 2025 midyear outlook highlights a financial landscape shaped by deglobalization, trade shifts, and bond market changes. The report anticipates challenges for the global economy and foresees a shift away from U.S. equities towards value stocks and emerging markets. It emphasizes inflation protection and diversification within multi-asset portfolios, suggesting active management may outperform in the evolving market.