Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore

News

Stay up to date on the latest crypto trends with our expert, in-depth coverage.

banner
Flash
10:19
According to the latest filing with the U.S. Securities and Exchange Commission (SEC), Yotta Acquisition Corporation officially terminated its previously agreed business merger with Driveit Financial Auto Group on March 4.
This decision marks the termination of the cooperation in which both parties originally planned to achieve business synergy through a merger. The specific reasons for the termination were not detailed in the document.
10:18
Realloys (Nasdaq: ALOY) recently announced that it will cooperate with the Saskatchewan Research Council to launch the largest heavy rare earth metalization facility construction project outside of China, and the project has secured full funding.
This major initiative marks a breakthrough in the critical segment of the rare earth supply chain in North America, and is expected to significantly enhance the autonomous supply capacity of heavy rare earth materials in markets outside China. Upon completion, the project will fill the key capacity gap in heavy rare earth processing in the West, providing stable strategic resource support for high-tech industries such as new energy and defense technology.
10:16
The Japanese Bankers Association plans to introduce LBO financing guidelines to prevent leveraged buyout risks.
Golden Ten Data reported on March 11 that, according to informed sources, due to the surge in M&A transaction volume in Japan, Japan's major banking lobbying groups plan to formulate risk management guidelines for lenders providing leveraged loan financing. Sources said that the Japanese Bankers Association will release a report on leveraged buyout (LBO) financing this month, and the guidelines will be included as part of the report. Although such guidelines are not binding, they are in practice followed by the influential members of the association. Sources also stated that the report may discuss the necessity of standardized contracts and provide a list of market terms and their definitions, which is part of Japan's efforts to set standards for financial institutions entering the country's LBO market. They further noted that the association is concerned about the recent rise in interest rates, which will increase the need to monitor companies' debt repayment capabilities and changes in cash flow.
News