secwatch / observer

M&A Transactions

Mergers, acquisitions, and dispositions disclosed under 8-K Items 2.01/5.01.

8-K items 2.01, 5.01 JSON
ATHR Aether Holdings, Inc.

Aether Holdings, Inc. completed an acquisition involving 537 Greenwich Owner, LLC for $1,080,000.00 (closed 2025-12-19).

“Agreement to its wholly owned subsidiary, 537 Greenwich LLC (the “Purchaser”), an entity formed for the purpose of holding the Property. The purchase price for the Property was $1,080,000.00, and the Company paid a deposit of $108,000.00 in accordance with the Purchase Agreement. The Purchase Agreement contained standard representations and warranties of the parties”
SHAZ SharonAI Holdings Inc.

SharonAI Holdings Inc. underwent a change of control involving SharonAI Inc. for 521,820,420 shares of Pubco Class A Ordinary Common Stock; 6,816,948 shares of Pubco Class B Super Common Stock; 23,939,758 Restrictive Stock Units, 4,634,181 o (closed 2025-12-17).

“”). In connection with the Business Combination, Pubco was renamed “SharonAI Holdings Inc.” On the Effective Date, (a) the shareholders of SharonAI were issued an aggregate of 521,820,420 shares of Pubco Class A Ordinary Common Stock (“ Class A Ordinary Common Stock ”); an aggregate of 6,816,948 shares of Pubco Class B Super Common Stock (“ Class B Super Common”
SVC Service Properties Trust

Service Properties Trust completed a disposition for $15.0 million (closed 2025-12-17).

“SVC also sold one other hotel in the 45 Hotel Sale Portfolio on December 17, 2025, with a total of 138 keys for a sales price of $15.0 million, excluding closing costs.”
SVC Service Properties Trust

Service Properties Trust completed a disposition for $75.5 million (closed 2025-12-16).

“On December 16, 2025 , SVC sold five hotels with a total of 732 keys located in four states for a combined sales price of $75.5 million”
OLOX OLENOX INDUSTRIES INC.

OLENOX INDUSTRIES INC. completed an acquisition involving Daniel Kroft for $3,500,000 (closed 2025-12-18).

“Giant Containers Inc. (the “Subsidiary”), as a designer and seller of innovative modular shipping container buildings. The purchase price for the acquisition of Giant is $3,500,000 (the “Purchase Price”). The transaction includes the acquisition of Giant’s existing customers and business pipeline, with $5,000,000 of contracts currently under contract and”
RITM Rithm Capital Corp.

Rithm Capital Corp. completed an acquisition involving Paramount Group, Inc. for an amount in cash equal to $6.60 per share of Paramount common stock (closed 2025-12-19).

“Paramount and the limited partners party thereto (the “ OP Agreement ”)) in effect on such date with respect to such Operating Partnership Common Units multiplied by (ii) $6.60, without interest (the “ Partnership Merger Consideration ”). Each issued and outstanding Operating Partnership Common Unit held by (i) the Rithm Parties or any of their”
Paramount Group, Inc.

Paramount Group, Inc. underwent a change of control involving Rithm Capital Corp. (closed 2025-12-19).

“As a result of the consummation of the Company Merger, a change of control of the registrant occurred, and the Company merged with and into REIT Merger Sub, REIT Merger Sub survived the Company Merger as an entity indirectly controlled by Parent, and the separate corporate existence of the Company ceased.”
RPT Rithm Property Trust Inc.

Rithm Property Trust Inc. completed an acquisition involving Paramount Group Operating Partnership LP for aggregate cash capital contributions to the Aggregators in the amount of $50.0 million (closed 2025-12-19).

“nterest (the “ RPT PGRE Investment ”) in Paramount Group Operating Partnership LP, a Delaware limited partnership (“ PG Operating Partnership ”), which through its affiliates and joint ventures owns a portfolio (the “ Portfolio ”)”
Cottonwood Communities, Inc.

Cottonwood Communities, Inc. completed an acquisition involving RealSource Properties, Inc. (closed 2025-12-18).

“On December 18, 2025, upon the terms and subject to the conditions of the Merger Agreement, (i) RS merged with and into Merger Sub, with Merger Sub surviving as a direct, wholly owned subsidiary of CCI (the “Company Merger”) and (ii) RSOP merged with and into CROP, with CROP surviving (the “Partnership Merger” and, together with the Company Merger, the “Merger”).”
INTEGRATED RAIL & RESOURCES INC.

INTEGRATED RAIL & RESOURCES INC. underwent a change of control (closed 2025-12-12).

“As a result of the completion of the Business Combination, a change in control of the Registrant occurred.”
HOFT HOOKER FURNISHINGS Corp

HOOKER FURNISHINGS Corp completed a disposition involving Magnussen Home Furnishings, Inc. for approximately $6.1 million (closed 2025-12-12).

“(EXHIBIT 99.1) --- EX-99.1 2 hoftex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Hooker Furnishings Completes Sale of Pulaski Furniture and Samuel Lawrence Furniture for Approximately $6.1 Million MARTINSVILLE, Va., Dec. 15, 2025 (GLOBE NEWSWIRE) -- Hooker Furnishings Corporation (NASDAQ-GS: HOFT) (“Hooker” or the “Company”), a global leader in home furnishings, today”
SONM DNA X, Inc.

DNA X, Inc. completed an acquisition involving DNA Holdings Venture, Inc. for 223,201 shares of the Company’s common stock, representing 19.99% of the outstanding shares of the Company’s common stock as of the date of issuance (closed 2025-12-15).

“the Company purchased 100% of the membership interests in DNA X LLC, a Delaware limited liability company, (“DNA X”) for an aggregate purchase price of 223,201 shares of the Company’s common stock, representing 19.99% of the outstanding shares of the Company’s common stock as of the date of issuance.”
CRC California Resources Corp

California Resources Corp completed an acquisition involving Berry Corporation (bry) for 0.0718 shares of CRC Common Stock per share of Berry Common Stock (closed 2025-12-18).

“The Eighth Amendment became effective upon the closing of the previously announced all-stock combination (the “ Merger ”) contemplated by that certain Agreement and Plan of Merger, dated September 14, 2025 (the “ Merger Agreement ”), by and among CRC, Berry Corporation (bry), a Delaware corporation (“ Berry ”) and Dornoch Merger Sub, LLC, a Delaware limited liability company and a direct, wholly-owned subsidiary of CRC (“ Merger Sub ”).”
WBSR Webstar Technology Group Inc.

Webstar Technology Group Inc. completed an acquisition involving McCall Railroad, LLC for $34.5 million (closed 2025-12-17).

“The sale of the Property closed pursuant to the amended Purchase and Sale Agreement on December 17, 2025, for total consideration of $34.5 million”
Berry Corp (bry)

Berry Corp (bry) underwent a change of control involving California Resources Corporation (Parent) for 0.0718 shares of Parent Common Stock per share of Company Common Stock, plus cash in lieu of fractional shares (closed 2025-12-18).

“Subsidiary of Parent, in each case not held on behalf of third parties (such shares, the “Excluded Shares”)) was automatically converted into, and became exchangeable for 0.0718 (the “Exchange Ratio”) shares of common stock, par value $0.01 per share, of Parent (“Parent Common Stock”) (together with cash in lieu of fractional shares, the “Merger”
GLTK GlobalTech Corp

GlobalTech Corp completed an acquisition involving 123 Investments Limited (closed 2025-12-15).

“The transactions contemplated by the Exchange Agreement closed on December 15, 2025.”
AIRT AIR T INC

AIR T INC completed an acquisition involving Regional Express Holdings Limited for $1.00 and assumption of approximately A$108,000,000 in liabilities (closed 2025-12-17).

“On December 17, 2025, the Company, through Rex Acquisition, completed the acquisition of all of the outstanding capital stock of Regional Express Holdings Limited ("Rex Express") for cash consideration of $1.00 and the assumption of Rex Express’s liabilities.”
SCHL SCHOLASTIC CORP

SCHOLASTIC CORP completed a disposition involving FNLR Fortuna Major LLC for $481 in total proceeds (closed 2025-12-17).

“Major LLC (Jefferson City Purchase Agreement). As noted in the press release attached as Exhibit 99.1 to this report on Form 8-K, the two sale leaseback transactions generated $481 in total proceeds, with estimated net proceeds (after taxes, fees and other transaction related expenses) estimated to be $401 million. The foregoing descriptions are not intended”
SCHL SCHOLASTIC CORP

SCHOLASTIC CORP completed a disposition involving ESRT 555-557 Broadway, L.L.C. for $481 in total proceeds (closed 2025-12-17).

“Major LLC (Jefferson City Purchase Agreement). As noted in the press release attached as Exhibit 99.1 to this report on Form 8-K, the two sale leaseback transactions generated $481 in total proceeds, with estimated net proceeds (after taxes, fees and other transaction related expenses) estimated to be $401 million. The foregoing descriptions are not intended”
FTFT Future FinTech Group Inc.

Future FinTech Group Inc. completed a disposition involving Xi’an Yinshi Trading Co., Ltd. for RMB 10,000,000 (closed 2025-12-16).

“officers, or associates prior to entering into the Agreement, other than in respect of the Agreement. Under the Agreement, the total purchase price for the Subsidiary is RMB 10,000,000, payable in two installments consisting of RMB 2,000,000 within ten days after execution of the Agreement and RMB 8,000,000 within twenty days following completion of closing”
AI Technology Group Inc.

AI Technology Group Inc. completed an acquisition involving AVM Biotechnology Inc. for 100 common shares of the Corporation (closed 2025-12-15).

“and Biomed 360 Solutions Corp. , a British Columbia corporation (“Biomed 360”), the sole shareholder of AVM. Under the terms of the agreement, the Corporation agreed to acquire 100% of the issued and outstanding shares of AVM in exchange for 100 common shares of the Corporation . As a result, AVM became a wholly-owned subsidiary of the Corporation. The”
Evoke Pharma Inc

Evoke Pharma Inc underwent a change of control involving QOL Medical, LLC for $11.00 in cash per Company Share (closed 2025-12-17).

“Sub commenced a tender offer (the “Offer”) to purchase all of the outstanding shares of common stock, par value $0.0001 per share, of the Company (the “Company Shares”), for $11.00 in cash per Company Share, without interest and subject to any withholding of taxes required by applicable legal requirements (the “Offer Price”). The Offer and related withdrawal”
Moody National REIT II, Inc.

Moody National REIT II, Inc. completed a disposition involving Alay Investment Group LLC for $8,400,000 (closed 2025-12-16).

“On December 16, 2025, the Company sold the hotel property located at 29813 Interstate 45, Spring, Texas 77381 (the “Homewood Suites Houston”) to Alay Investment Group LLC, a Texas limited liability company unaffiliated with the Company, for an aggregate sale price of $ 8,400,000”
Moody National REIT II, Inc.

Moody National REIT II, Inc. completed a disposition involving BNS Associates, LLC for $10,400,000 (closed 2025-12-11).

“On December 11, 2025, the Company sold the hotel property located at 635 Lancaster Avenue, Frazer, Pennsylvania, 19355 (the “Hampton Inn Philadelphia”) to BNS Associates, LLC, a Delaware limited liability company unaffiliated with the Company, for an aggregate sale price of $10,400,000”
Moody National REIT II, Inc.

Moody National REIT II, Inc. completed a disposition involving Legacy DTS, LLC for $51,000,000 (closed 2025-12-10).

“On December 10, 2025, Moody National REIT II, Inc. (the “Company”) sold the hotel property located at 1800 Yale Avenue, Seattle Washington 98101 (the “Springhill Suites Seattle”) to Legacy DTS, LLC, a Washington limited liability company unaffiliated with the Company, for an aggregate sale price of $51,000,000”
VWAV VisionWave Holdings, Inc.

VisionWave Holdings, Inc. completed an acquisition involving BladeRanger Ltd. (closed 2025-12-15).

“On December 15, 2025, the Company completed the acquisition (the “Acquisition”) of all of the Company Shares of the Target Company from the Seller pursuant to the Agreement, as amended by the Amendment described in Item 1.01 above.”
CNTM ConnectM Technology Solutions, Inc.

ConnectM Technology Solutions, Inc. completed an acquisition involving Seller and Global Impex for Payment Shares and other consideration described in the agreements (closed 2025-11-03).

“On November 3, 2025, the Company completed each of the transaction described under Item 1.01, which is incorporated herein by reference. Pursuant to the Asset Purchase Agreement, the Company acquired the Assets and issued the Payment Shares to the Seller. Pursuant to the Acquisition Agreement, the Company acquired all of the Membership Interests and ConnectM India acquired all of the March CDM/Geo Impex India Shares, issuing the consideration described above. As a result of the Acquisition Agreement, Global Impex became a wholly owned subsidiary of the Company, and the Company, through Global Impex and Connect M India, indirectly and directly holds a majority of the outstanding equity of Geo Impex India.”
SVC Service Properties Trust

Service Properties Trust completed a disposition for $47.2 million (closed 2025-12-10).

“On December 10, 2025, Service Properties Trust, or SVC, sold five hotels with a total of 679 keys located in four states for a combined sales price of $47.2 million, excluding closing costs, or the Last Closing, pursuant to a previously disclosed agreement that SVC entered into to sell, in phases, 45 hotels with a total of 5,997 keys for a combined sales price of $432.0 million, excluding closing costs, or the 45 Hotel Sale Portfolio.”
Emeren Group Ltd

Emeren Group Ltd underwent a change of control involving Shurya Vitra Ltd. for approximately $65 million in cash (closed 2025-12-12).

“The total amount of cash consideration payable to the Company’s equityholders at closing in connection with the Merger and pursuant to the Merger Agreement was approximately $65 million. The funds used by Parent to consummate the Merger and complete the related transactions came from cash and other liquid assets on hand of Himanshu H. Shah. --- EX-99.1”
WKHS Workhorse Group Inc.

Workhorse Group Inc. completed an acquisition involving Motiv Power Systems, Inc. (closed 2025-12-15).

“On December 15, 2025 (the “Closing Date”), Workhorse Group Inc., a Nevada corporation (“Workhorse” or the “Company”), consummated the previously announced merger pursuant to the Agreement and Plan of Merger”
Vital Energy, Inc.

Vital Energy, Inc. underwent a change of control involving Crescent Energy Company (closed 2025-12-15).

“On December 15, 2025 (the “Closing Date”), Vital Energy, Inc., a Delaware corporation (“Vital”), completed its previously announced transaction with Crescent Energy Company, a Delaware corporation (“Crescent”), pursuant to the Agreement and Plan of Merger (the “Merger Agreement”)”
FWONA Liberty Media Corp

Liberty Media Corp completed a disposition involving Liberty Live Holdings, Inc. (closed 2025-12-15).

“On December 15, 2025 at 4:05 p.m., New York City time (the “ Effective Time ”), Liberty Media Corporation (the “ Company ”) completed its previously announced split-off (the “ Split-Off ”) of its former wholly owned subsidiary Liberty Live Holdings, Inc. (“ Liberty Live Holdings ”).”
ALBT Avalon GloboCare Corp.

Avalon GloboCare Corp. completed an acquisition involving RPM INTERACTIVE, INC. for $19,500,000 (closed 2025-12-12).

“Delaware corporation (the “Company” or “Avalon”), acquired RPM INTERACTIVE, INC., a Nevada corporation (“RPM”), in accordance with the terms of the Agreement and Plan of Merger, dated December 12, 2025, as amended by Amendment No.”
DTCX Datacentrex, Inc.

Datacentrex, Inc. completed an acquisition involving Dogehash Technologies, Inc. (closed 2025-12-15).

“on December 15, 2025, Merger Sub and Dogehash filed Articles of Merger (the “Articles of Merger”) with the Nevada Secretary of State pursuant to which, effective as of December 15, 2025 (the “Effective Time”), Merger Sub merged with and into Dogehash with Dogehash surviving as a wholly-owned subsidiary of the Company.”
CRGY Crescent Energy Co

Crescent Energy Co completed an acquisition involving Vital Energy, Inc. (closed 2025-12-15).

“On December 15, 2025 (the “Closing Date”), Crescent Energy Company, a Delaware corporation (“Crescent” or “Parent”), completed its previously announced transaction with Vital Energy, Inc., a Delaware Corporation (“Vital” or the “Company”), pursuant to the Agreement and Plan of Merger (the “Merger Agreement”) with Vital, Venus Merger Sub I Inc., a Delaware corporation and a wholly owned subsidiary of Parent (“Merger Sub Inc.”), and Venus Merger Sub II LLC, a Delaware limited liability company and a wholly owned subsidiary of Parent (“Merger Sub LLC”).”
CMC COMMERCIAL METALS Co

COMMERCIAL METALS Co completed an acquisition involving equityholders of the Foley Companies (Holdco and Oaktree Blocker) for $1.84 billion (closed 2025-12-15).

“Purchase Agreement, the Company purchased all of the issued and outstanding equity securities of Holdco and Oaktree Blocker (the “ Acquisition ”) for a cash purchase price of $1.84 billion. The purchase price is subject to further customary purchase price adjustment as described in the Purchase Agreement. The purchase price was funded with the proceeds from the”
ALLETE INC

ALLETE INC underwent a change of control involving Canada Pension Plan Investment Board (CPP Investments) and Global Infrastructure Partners (GIP) for $67.00 per share in cash (closed 2025-12-15).

“rights under Minnesota law in respect of such shares and any shares of Common Stock held by an affiliate of Parent) was cancelled and converted into the right to receive $67.00 in cash, without interest (the “Merger Consideration”). In addition, at the Effective Time, each restricted stock unit with respect to Common Stock subject to time-based vesting”
Merus N.V.

Merus N.V. underwent a change of control involving Genmab A/S and Genmab Holding II B.V. for $97.00 per Common Share in cash (closed 2025-12-12).

“of Parent (“Purchaser”), to purchase all of the issued and outstanding common shares, nominal value €0.09 per share, of the Company (the “Common Shares”), in exchange for $97.00 per Common Share in cash (the “Offer Consideration”), without interest and subject to any applicable tax withholding, upon the terms and subject to the conditions set forth in the”
XXI Twenty One Capital, Inc.

Twenty One Capital, Inc. underwent a change of control involving Cantor Equity Partners, Inc. (closed 2025-12-08).

“Immediately following completion of the Mergers and the other transactions contemplated by the Business Combination Agreement (the “Business Combination”), CEP Surviving Subsidiary and Company Surviving Subsidiary became wholly owned subsidiaries of Pubco.”
STEELCASE INC

STEELCASE INC completed an acquisition involving HNI Corporation for $7.20 in cash and 0.2192 shares of HNI common stock per share; or $16.19 in cash and 0.0009 shares of HNI common stock; or 0.3940 shares of HNI common stock (closed 2025-12-10).

“adjustment, the right to receive the following consideration (collectively with, if applicable, cash in lieu of fractional shares, the “ merger consideration ”): (i) (a) 0.2192 shares of common stock of HNI (“ HNI common stock ”) and (b) $7.20 in cash (together, the “ mixed election consideration ”); (ii) $16.19 in cash and 0.0009 shares of HNI common”
BEAM Beam Therapeutics Inc.

Beam Therapeutics Inc. completed a disposition involving Bristol-Myers Squibb Company for $255.1 million in closing cash consideration, plus the right to receive up to approximately $26.3 million in additional cash consideration (closed 2025-12-08).

“of Orbital common stock, which represented a fully diluted ownership stake of approximately 17%. At the closing of the Acquisition, such shares were cancelled and converted into $255.1 million in closing cash consideration, plus the right to receive up to approximately $26.3 million in additional cash consideration upon the release, if any, of certain escrows. The”
VBIO Valion Bio, Inc.

Valion Bio, Inc. completed an acquisition involving 3i, LP, as collateral agent for Scorpius Holdings, Inc. for $16,253,147.10 in cash (closed 2025-12-10).

“provide similar services to other clients in the future. Pursuant to the APA, as consideration for the Acquired Assets, the Company (on behalf of VBI) paid the Collateral Agent $16,253,147.10 in cash at closing of the Acquisition. Consistent with customary practices in a sale under Article 9, the APA does not contain representations, warranties, covenants or”
KELLANOVA

KELLANOVA underwent a change of control involving Acquiror 10VB8, LLC for $83.50 per share in cash (closed 2025-12-11).

“subsidiaries) or (ii) stockholders who properly exercised and perfected appraisal rights under Delaware law) was automatically cancelled and converted into the right to receive $83.50 per share in cash, without interest (the “Merger Consideration”). In addition, pursuant to the Merger Agreement, at the Effective Time, (1) each option to purchase shares of”
FRMM FORUM MARKETS Inc

FORUM MARKETS Inc completed an acquisition involving Zippy, Inc. (closed 2025-12-09).

“The Zippy Securities were acquired on December 9, 2025, upon the Closing, as discussed in greater detail in Item 1.01, above”
ODP Corp

ODP Corp underwent a change of control involving ACR Ocean Resources LLC (Parent) and Vail Holdings 1, Inc. (Merger Sub) for Merger Consideration as defined in the Merger Agreement (closed 2025-12-10).

“On December 10, 2025, pursuant to the Merger Agreement, Merger Sub merged with and into ODP (the “Merger”), the separate corporate existence of Merger Sub ceased, and ODP was the surviving corporation in the Merger (the “Surviving Corporation”) and, as a result, is now a wholly owned subsidiary of Parent.”
AMSC AMERICAN SUPERCONDUCTOR CORP /DE/

AMERICAN SUPERCONDUCTOR CORP /DE/ completed an acquisition involving Stockholders of Comtrafo Indústria de Transformadores Elétricos S.A. for 300,000,000 Brazilian Real in cash; and 2,417,142 restricted shares of the Company’s common stock (closed 2025-12-05).

“Stock Exchange Agreement, AMSC Brazil, directly or indirectly, purchased all of the issued and outstanding shares of Comtrafo (collectively, the “ Target Interests ”) for (a) (i) 300,000,000 Brazilian Real in cash; and (b) 2,417,142 restricted shares of the Company’s common stock, $0.01 par value per share (the “ AMSC Shares ”) that were paid and issued, respectively,”
PROS Holdings, Inc.

PROS Holdings, Inc. underwent a change of control involving Portofino Parent, LLC (parent of Thoma Bravo affiliated entities) for $23.25 per share (closed 2025-12-09).

“affiliated with Thoma Bravo, L.P. (“ TB ”) to acquire all of the Company’s outstanding shares of common stock, par value $0.001 per share (the “ Company Common Stock ”), for $23.25 per share, in cash, as described in more detail below. Capitalized terms used in this Current Report on Form 8-K but not otherwise defined herein have the meanings set forth in”
Adverum Biotechnologies, Inc.

Adverum Biotechnologies, Inc. underwent a change of control involving Eli Lilly and Company for $3.56 per Share in cash plus contingent value rights (closed 2025-12-09).

“to purchase all of the issued and outstanding shares (the “Shares”) of the Company’s common stock, par value $0.0001 per share (the “Company Common Stock”) in exchange for (i) $3.56 per Share, net to the stockholder in cash, without interest (the “Closing Amount”) and less any applicable tax withholding, plus (ii) one non-tradable contingent value right”
Akero Therapeutics, Inc.

Akero Therapeutics, Inc. underwent a change of control involving Novo Nordisk A/S for $54.00 per share in cash plus contingent value rights (closed 2025-12-09).

“prior to the Effective Time (other than Excluded Shares and Dissenting Shares) was automatically cancelled and converted into the right to receive (i) cash in an amount equal to $54.00, without interest thereon and subject to any applicable tax withholdings (the “ Closing Consideration ”) and (ii) one contractual contingent value right (a “ CVR ”) representing”
RLEA Rubber Leaf Inc

Rubber Leaf Inc completed a disposition involving Shanghai Yongliansen Import and Export Trading Co., Ltd. for US$3,000,000 (closed 2025-11-20).

“in its former PRC operating subsidiary, Rubber Leaf Sealing Products (Zhejiang) Co., Ltd. (“RLSP” or “Former PRC Subsidiary”), to the Purchaser for cash consideration of US$3,000,000. Related-Party Consideration The Company’s Chief Executive Officer, Xingxiu Hua, holds 30% of the outstanding equity of the Purchaser. Accordingly, the transaction constitutes a”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.