M&A Transactions

Liberty Media Corp completed an acquisition involving Dorna Sports, S.L. (MotoGP) for cash (closed 2025-07-03).

“On July 3, 2025 (the “Closing Date”), Liberty Media Corporation (“Liberty Media” or the “Company”) completed its previously announced acquisition (the “MotoGP Acquisition”), by Libertad Especia, S.L.U., a private limited company incorporated in Spain and a wholly owned subsidiary of Liberty Media (“Buyer”), of approximately 84% of the equity interests in Dorna Sports, S.L., a private limited company incorporated in Spain (“MotoGP”), for cash”

Interactive Strength, Inc. completed an acquisition involving Wattbike (Holdings) Limited for $4.0 million (closed 2025-07-01).

“and Loan Notes of Wattbike Holdings Limited (the “Wattbike Agreement”) entered into on April 8, 2025 (the “Acquisition”). The aggregate purchase price for the Acquisition was $4.0 million, which consisted of the issuance of 1.3 million convertible Series E Preferred Stock (the “Series E Convertible Preferred Stock”) with an aggregate fair value of $2.6 million,”

HilleVax, Inc. underwent a change of control involving XOMA Royalty Corporation (Parent) and its wholly-owned subsidiary XRA 4 Corp. (Merger Sub) for $1.95 in cash per Share plus one non-transferable contractual contingent value right (closed 2025-09-17).

“a tender offer (the “Offer”) to acquire any and all of the issued and outstanding shares of common stock, par value $0.0001 per share, of the Company (the “Shares”), for (i) $1.95 in cash per Share, payable without interest (the “Cash Amount”), plus (ii) one non-transferable contractual contingent value right (each, a “CVR”) per Share, representing the”

MACH NATURAL RESOURCES LP completed an acquisition involving VEPU Inc. and Simlog Inc. for $770.7 million (closed 2025-09-16).

“The IKAV Acquisition closed on September 16, 2025. The purchase price for the IKAV Assets was $770.7 million”

MACH NATURAL RESOURCES LP completed an acquisition involving Sabinal Energy Operating, LLC, Sabinal Resources, LLC and Sabinal CBP, LLC for $486.6 million (closed 2025-09-16).

“The Sabinal Acquisition closed on September 16, 2025. The purchase price for the Sabinal Assets was $486.6 million”

Data Storage Corp completed a disposition involving Total Server Solutions Holdings, LLC for $40 million (closed 2025-09-11).

“”), the Divestiture was consummated. At the closing of the Divestiture, Purchaser: (i) purchased all of the outstanding units of NewCo in exchange for the purchase price of $40 million, as adjusted in accordance with the Purchase Agreement, and (ii) assumed the Assumed Liabilities, as such term is defined in the Contribution Agreement. Following the”

TPI COMPOSITES, INC completed a disposition involving XCS Composites L.L.C-FZ (closed 2025-09-10).

“On September 10, 2025, in accordance with the Term Sheet, following the satisfactory completion of the closing conditions, including the approval of the U.S. Bankruptcy Court for the Southern District of Texas, TPI Holdings Switzerland GmbH (“Seller”) consummated the sale and transfer to the Purchaser of the Seller’s ownership interests in two of the Company’s subsidiaries, TPI Kompozit Kanat Sanayi ve Ticaret Anonim Şirketi and TPI Kompozit Kanat 2 Üretim Sanayi ve Ticaret Limited Şirketi (together, “TPI Türkiye”).”

Strata Critical Medical, Inc. completed an acquisition involving Keystone Perfusion Services, LLC, LRV Holdco, Inc. for $124 million, subject to adjustment, payable eighty percent in cash and twenty percent in shares of the Company’s common stock (closed 2025-09-16).

““Closing”) occurred on September 16, 2025. The aggregate consideration (including contingent consideration) payable by Buyer in connection with the Acquisition consists of (a) $124 million, subject to adjustment as set forth in the Purchase Agreement, payable eighty percent in cash and twenty percent in shares of the Company’s common stock, par value $0.0001 per”

HWH International Inc. completed a disposition involving Alset International Limited for S$218,941.26 Singapore Dollars (equal to approximately $170,754 U.S. Dollars) (closed 2025-09-10).

“(“Buyer”), pursuant to which the Seller agreed to sell 70% of the outstanding shares of its subsidiary, Alset F&B One Pte. Ltd. (“Alset F&B One”) to the Buyer in exchange for S$218,941.26 Singapore Dollars (equal to approximately $170,754 U.S. Dollars). Alset F&B One was incorporated in Singapore on April 10, 2017, and operates a cafe in Singapore. It generated”

Pelthos Therapeutics Inc. completed an acquisition involving LNHC, Inc. and Ligand Pharmaceuticals Incorporated (closed 2025-07-01).

“On July 1, 2025, Channel Therapeutics Corporation, Merger Sub, LNHC, and solely for the purposes of Article III thereof, Ligand consummated the Merger”

Mount Logan Capital Inc. underwent a change of control involving 180 Degree Capital Corp. and former Legacy MLC stockholders for all-stock consideration; approximately 43.6% of Company Common Stock held by former TURN stockholders and approximately 56.4% held by former Legacy MLC stockhol (closed 2025-09-12).

“and ceased to exist, without delivery of any consideration therefor. Following this surrender and the issuance of the securities of the Company in the Merger, approximately 43.6% of the Company Common Stock became held by former TURN stockholders and approximately 56.4% of the Company Common Stock became held by former Legacy MLC stockholders. The”

Chilean Cobalt Corp. completed an acquisition involving Cobalt Chile SpA for $101,833,291 Chilean Pesos along with 4.5 million shares of the Company’s restricted common stock (closed 2025-09-12).

“San Juan mining district in Chile from Cobalt Chile SpA, an unrelated party, as further outlined in item 2.01 that follows. The purchase consideration was cash in the amount of $101,833,291 Chilean Pesos along with 4.5 million shares of the Company’s restricted common stock. The foregoing description of the Agreement is qualified in its entirety by reference to the”

Aimco OP L.P. completed a disposition involving HGI Acquisitions, LLC for $490 million paid in cash (closed 2025-09-09).

“On September 9, 2025, the Company completed the sale of four of the five properties located in suburban Boston to the Purchaser for an aggregate purchase price of $490 million paid in cash.”

INTEL CORP completed a disposition involving an affiliate of Silver Lake for approximately $3.3 billion for 51% equity interest (closed 2025-09-12).

“Item 2.01 Completion of Acquisition or Disposition of Assets. As previously disclosed, on April 14, 2025, Intel Corporation (“Intel”), Intel Americas, Inc. (“Intel Americas” and together with Intel, the “Sellers”), Altera Corporation, at the time a wholly owned subsidiary of Intel (“Altera”), and an affiliate of Silver Lake (“Purchaser”), entered into a transaction agreement (as amended, supplemented or otherwise modified from time to time, the “Transaction Agreement”), pursuant to which Intel would sell a majority interest in its Altera business to the Purchaser (the “Transaction”). Following the satisfaction of the closing conditions of the Transaction Agreement, the closing of the Transaction was consummated on September 12, 2025, at which time: (i) the Purchaser acquired 51% of the equity interests of Altera for an equity value of approximately $3.3 billion, with Intel retaining the remaining 49% interest; (ii) each of Intel and the Purchaser contributed such equity interests in”

SKECHERS USA INC underwent a change of control involving Beach Acquisition Co Parent, LLC and affiliates of 3G Capital Partners L.P. for $63.00 in cash or $57.00 in cash and one unlisted limited liability company unit of Parent (closed 2025-09-12).

“the right to receive the following consideration (collectively, the “Merger Consideration”), subject to the election mechanics described below: (a) an amount in cash equal to $63.00, without interest thereon, pursuant to applicable election procedures (the “Cash Election Consideration”); or (b) an amount in cash equal to $57.00 and one unlisted limited”

Bio Green Med Solution, Inc. completed an acquisition involving FITTERS Diversified Berhad for 699,158 shares of common stock, par value $0.001, of the Company (closed 2025-09-12).

“f FITTERS Diversified Berhad, a Malaysian publicly listed company (“Fitters Parent”), pursuant to a share exchange agreement”

Traws Pharma, Inc. completed an acquisition involving Virom, Inc. for $2,350,000 in cash (closed 2025-09-09).

“On September 9, 2025, Traws Pharma, Inc. (the “Company”) and Virom, Inc. (“Viriom”) entered into an Asset Purchase Agreement (the “Purchase Agreement”), pursuant to which the Company purchased certain assets (the “Purchased Assets”) from Viriom in exchange for $2,350,000 in cash (the “Purchase Price”), which was paid in full to Virom on September 9, 2025.”

My Size, Inc. completed an acquisition involving Sellers (holders of 100% of share capital of ShoeSize.Me AG) for a cash payment of $150,000 and (ii) 241,093 shares of the Company’s common stock having an aggregate value of $290,000 (closed 2025-09-08).

“day (the “Closing Date”). In consideration for the purchase of the shares of Target and in accordance with the Purchase Agreement, the Sellers received (i) a cash payment of $150,000 and (ii) 241,093 shares of the Company’s common stock (the “Shares”) having an aggregate value of $290,000 (the “Equity Consideration”), determined by dividing $290,000 by the”

Olo Inc. underwent a change of control involving Olo Parent, Inc. f/k/a Project Hospitality Parent, LLC for $10.25 in cash per share (closed 2025-09-12).

“General Corporation Law) that were issued and outstanding as of immediately prior to the Effective Time were automatically canceled and converted into the right to receive $10.25 in cash without interest (the “Merger Consideration”), (b) each share of Company Common Stock held in the treasury of the Company or any of its subsidiaries and any shares of”

BGSF, INC. completed a disposition involving INSPYR Solutions Intermediate, LLC for $99 million in cash (closed 2025-09-08).

“Solutions Holdings Corporation, an affiliate of Purchaser, and (iii) sell all of the issued and outstanding equity interests of BG F&A and BGSF Professional to Purchaser, for $99 million in cash (subject to adjustment as provided in the Equity Purchase Agreement) and otherwise upon and subject to the terms and conditions set forth in the Equity Purchase Agreement”

NRX Pharmaceuticals, Inc. completed an acquisition involving Dura Medical, LLC for a combination of cash, membership interests in HTX Management Company LLC (which are convertible into shares of Hope Therapeutics on a one-for-one basis at the (closed 2025-09-08).

“On September 8, 2025, NRx Pharmaceuticals (NASDAQ: NRXP, or the “Company”), principally through its subsidiary HOPE Therapeutics, Inc., a Delaware corporation, completed its previously announced acquisition of Dura Medical, LLC”

XBP Global Holdings, Inc. completed an acquisition involving Exela Technologies, Inc. (closed 2025-07-15).

“the consummation on July 15, 2025 of the acquisition of all membership interests in Exela Technologies BPA, LLC, together with its subsidiaries (the “BPA Group”) from Exela Technologies, Inc. and its subsidiaries”

Strive, Inc. completed an acquisition involving Strive Enterprises, Inc. (closed 2025-09-12).

“On September 12, 2025, pursuant to the Merger Agreement, Merger Sub merged with and into Strive, with Strive surviving as a wholly owned subsidiary of the Company (the "Merger").”

Strive, Inc. underwent a change of control involving Strive Enterprises, Inc. (closed 2025-09-12).

“On September 12, 2025, pursuant to the Merger Agreement, Merger Sub merged with and into Strive, with Strive surviving as a wholly owned subsidiary of the Company (the "Merger").”

Franklin BSP Real Estate Debt BDC underwent a change of control involving Treasurer of the State of North Carolina (closed 2025-09-10).

“On September 10, 2025, the Treasurer of the State of North Carolina acquired 99.99% of Franklin BSP Real Estate Debt BDC’s (the “Company”) outstanding common shares of beneficial interest from the prior holders in a private transaction.”

Beach Acquisition Co Parent, LLC completed an acquisition involving Skechers U.S.A., Inc. (closed 2025-09-12).

“On September 12, 2025, the registrant, Beach Acquisition Co Parent, LLC, a Delaware limited liability company (the “Company,” “we,” “us,” or “our”), acquired Skechers U.S.A., Inc., a Delaware corporation (“Skechers”), pursuant to that certain Agreement and Plan of Merger, dated as of May 4, 2025”

Globaltek Ventures, Inc. completed an acquisition involving Galaxy Batteries, Inc. for $37,000,000 (closed 2025-08-14).

“Batteries, Inc., a Wyoming corporation. The purchase price consisted of 10,000,000,000 shares of common stock of the Company, valued at $0.0037 per share, for a total value of $37,000,000. ire Galaxy Batteries, Inc., a Wyoming corporation. The purchase price consisted of 10,000,000,000 shares of common stock of the Company, valued at $0.0037 per share, for a”

Service Properties Trust completed a disposition for $44.9 million (closed 2025-09-09).

“On September 9, 2025, SVC sold five hotels with a total of 690 keys located in two states for a combined sales price of $44.9 million, excluding closing costs.”

BROADWIND, INC. completed a disposition involving Wisconsin Heavy Fabrication, LLC for approximately $13,500,000 (closed 2025-09-08).

“and permits used in the Seller’s production facility located in Manitowoc, Wisconsin. At the closing of the Transaction, the Seller received consideration of approximately $13,500,000, before the payment of transaction expenses, in the form of cash and the assumption by the Buyer of certain liabilities of the Seller. The Purchase Agreement contemplated that the”

Royale Energy, Inc. completed an acquisition involving Pradera Fuego, LP for $1,500,000 (closed 2025-09-03).

“On September 3, 2025, pursuant to the assignments described above, the Company acquired various non-operated working interests in producing oil and gas leases and related property for cash consideration of $1,500,000.”

SPRUCE POWER HOLDING CORP completed an acquisition involving NJR Clean Energy Ventures II Corporation for approximately $0.2 million in cash (closed 2025-09-05).

“On September 5, 2025, the Company acquired 7 additional solar energy systems from CEV, pursuant to the APA, for approximately $0.2 million in cash, subject to the terms and conditions set forth therein.”

INDEPENDENT BANK CORP completed an acquisition involving Enterprise Bancorp, Inc. for approximately 7,478,906 shares of Independent common stock and an aggregate of $25.9 million in cash (closed 2025-07-01).

“common stock and $2.00 in cash, with cash also to be paid in lieu of fractional shares. Total merger consideration payable to equity-holders consisted of approximately 7,478,906 shares of Independent common stock and an aggregate of $25.9 million in cash, which included approximately $902,000 in cash paid for stock option cancellations and $44,000 cash in”

SOUNDHOUND AI, INC. completed an acquisition involving Interactions Corporation for approximately $60 million in cash (closed 2025-09-03).

“with and into the Target, with the Target surviving as a wholly owned subsidiary of Acquirer (the “ Acquisition ”), for a total consideration consisting of (i) approximately $60 million in cash (the “ Upfront Consideration ”), payable at the closing of the Acquisition (the “ Closing ”) and (ii) up to $25 million of additional cash consideration to certain”

NKGen Biotech, Inc. completed an acquisition involving NKMax Co., Ltd. for approximately $0.36 per share (closed 2025-09-04).

“in the Current Reports on Form 8-K filed on June 20, 2025 and December 2, 2024. The Company purchased 46,400,000 common shares of NKMax at a price per share of approximately $0.36. This transaction grants the Company full control over NKMax’s global manufacturing infrastructure, intellectual property (“IP”), and exclusive commercialization rights. The”

Rapid Line Inc. underwent a change of control involving Nova Aura Limited for $586,473 in cash (closed 2025-08-22).

“of the Acquired Shares, Nova Aura Limited became the majority control shareholder of the Company. The total consideration paid by Nova Aura Limited for the Acquired Shares was $586,473 in cash, the source of which was corporate funds. In conjunction with the Change-in-Control Agreements, on August 21, 2025, Jiang Jian appointed Richard Chiang as Director of the”

Unusual Machines, Inc. completed an acquisition involving Andrew Robert Simpson and Vella Hardjadinata Corporation Pty Ltd ACN 655 787 367 as a trustee for Vella Hardjadinata Family Trust for 656,642 shares of the Company’s common stock, calculated in accordance with the terms of the Agreement (the “Initial Consideration”), plus Earnout Consideration (closed 2025-09-03).

“As of September 3, 2025 (“the Closing Date”), Unusual Machines, Inc. (the “Company”) acquired 100% of the capital stock of Rotor Lab Pty Ltd, an Australian company (“Rotor Lab”) from its existing shareholders Andrew Robert Simpson (“Simpson”) and Vella Hardjadinata Corporation Pty Ltd ACN 655 787 367 as a trustee for Vella Hardjadinata Family Trust (“VHC”), (collectively the “Sellers”) in exchange for 656,642 shares of the Company’s common stock, calculated in accordance with the terms of the Agreement (the “Initial Consideration”), plus Earnout Consideration (as defined in the Agreement) of up to $3,000,000 worth of shares of common stock.”

DICK'S SPORTING GOODS, INC. completed an acquisition involving Foot Locker, Inc. for $24.00 per share in cash or 0.1168 shares of DICK’S Sporting Goods common stock per share of Foot Locker common stock (closed 2025-09-08).

“or indirect subsidiaries of Foot Locker or DICK’S Sporting Goods) was converted into the right to receive, without interest and at the election of the holder of such share: (a) $24.00, if an election to receive cash consideration was properly made and not properly changed, revoked or deemed revoked (or if no election was validly made) (the “Cash”

MADE IN USA INC. underwent a change of control involving Tax Credits International, Inc.(TCI) (closed 2025-08-28).

“Effective August 28, 2025, Rassul Sadubayev, the previous majority shareholder of Alixo-Yolloo Corporation (the “Company”), entered into a stock purchase agreement for the sale of 2,000,000 shares of Common Stock of the Company, representing approximately 54.1% of the issued and outstanding shares of Common Stock of the Company as of such date, to Tax Credits International, Inc.(TCI), a company registered in Puerto Rico.”

Allegiant Travel CO completed a disposition involving affiliates of Blackstone Real Estate Group for $200,000,000 (closed 2025-09-04).

“relationship, other than in respect of the transaction, between the buying entities and the Company or any of its affiliates. At closing, the Company received cash proceeds of $200,000,000 less various closing adjustments. The Company expects to use the proceeds of the transaction to pay down corporate debt and for other general corporate purposes SIGNATURE Pursuant”

FTAI Aviation Ltd. completed a disposition involving FTAI Aircraft Leasing Ireland (2025) DAC, FTAI Aircraft Leasing Bermuda (2025) Ltd. and FTAI Aircraft Leasing US (2025) LLC for approximately $418.1 million (closed 2025-09-01).

“As of September 1, 2025, the Company has completed the sale of 39 aircraft as part of the 2025 Aircraft Sale for an aggregate net purchase price of approximately $418.1 million.”

Ondas Inc. completed an acquisition involving Apeiro Motion Ltd. for $12.0 million cash (closed 2025-08-31).

“Agreement). In accordance with the terms of the Agreement, the Company acquired 100% of the issued and outstanding share capital of Apeiro, for a purchase price of approximately $12.0 million cash (the “Acquisition”). The foregoing description of the Acquisition and the Agreement does not purport to be complete and is qualified in its entirety by the full text of the”

Collective Audience, Inc. completed a disposition involving NYIAX, Inc. (closed 2025-08-29).

“On August 29, 2025 (the “Closing Date”), the Transaction was consummated.”

KEEMO Fashion Group Ltd completed an acquisition involving Guang Wen Global Group Limited for no purchase consideration (closed 2025-09-02).

“the acquisition was completed on September 2, 2025.”

KYNTRA BIO, INC. completed a disposition involving AstraZeneca Treasury Limited for approximately $220 million (closed 2025-08-29).

“sold all of the issued and outstanding equity interests of FibroGen International (Hong Kong) Ltd. to AstraZeneca, for approximately $220 million”

Planet Green Holdings Corp. completed a disposition for nominal consideration (closed 2025-09-01).

“on September 1, 2025, the Company disposed of its 100% equity interest in Promising Prospect HK Limited (“Promising HK”) for nominal consideration.”

GMS Inc. underwent a change of control involving The Home Depot, Inc. for $110.00 per Share (closed 2025-09-04).

“Sub commenced a tender offer (the “Offer”) to purchase all of the outstanding shares of common stock, par value $0.01 per share, of the Company (the “Shares”), at a price of $110.00 per Share to the holder thereof in cash, without interest and subject to any required withholding taxes (the “Offer Price”). The Offer and withdrawal rights expired at one minute”

NightFood Holdings, Inc. completed an acquisition involving Victorville Treasure Holdings, LLC for $31,000,000 (closed 2025-08-27).

“On August 27, 2025, Nightfood Holdings, Inc. (“NGTF” or the “Company”), Victorville Treasure Holdings, LLC, a California limited liability company (“Victorville”), SBZ Investment Industry Inc., a California corporation, Nuo Wei Zhang, Siyuan Li and Jue Wang (each a “Seller” and, collectively the “Sellers”), entered into a share exchange agreement (the “Agreement”) whereby the Company will acquire Victorville from the Sellers. Pursuant to the terms of the Agreement, the Company purchased 100% of the issued and outstanding membership interests (the “Membership Interests”) of Victorville from the Sellers for a total purchase price of $31,000,000 (the “Purchase Price”)”

SUPA Consolidated Inc. completed an acquisition involving Supa Food Services LLC for 250,000,000 shares of its common stock (closed 2025-06-30).

“the acquisition of all of the membership interests of Supa Food Services LLC (“Supa”), a privately held Nevada limited liability company. In consideration, the Company issued 250,000,000 shares of its common stock to the members of Supa. As a result of the acquisition, Supa became a wholly owned subsidiary of the Company. Although the closing occurred on June 30,”

Piedmont Lithium Inc. underwent a change of control involving Sayona Mining Limited for 0.35133 American depositary shares of Sayona (each representing 527 Sayona ordinary shares) per share of Piedmont common stock (closed 2025-08-29).

““Piedmont”), Sayona Mining Limited, an Australian public company limited by shares (“Sayona”), and Shock MergeCo Inc., a Delaware corporation and a wholly owned subsidiary of Sayona (“Merger Sub”).”

American Bitcoin Corp. underwent a change of control involving American Bitcoin Holdings LLC (closed 2025-09-03).

“A change in control of the Company occurred on September 3, 2025.”