πŸ“Š IPO raises $345M amid market hurdles

Hi everyone, here is your πŸ“Š Daily Trade.

Here's what's happening today:

πŸ“Š abrdn plans merger for income funds
πŸ“‰ Alpha Metallurgical issues 2026 guidance amid challenges
πŸ’° Karbon Capital closes $345M IPO
πŸ›οΈ Consumers struggle with holiday spending
πŸ”‹ PFAS-free EV coatings market to hit $7.7B by 2036
🎁 +8 more stories you might like
πŸ“Š abrdn Global Income Fund Sets Date for Merger Vote Link
  • abrdn Global Income Fund announces a record date for voting on a merger with abrdn Asia-Pacific Income Fund.
  • The merger is intended to be tax-free and aims to maintain the current investment objectives of the funds.
  • The merger reflects abrdn's strategy to streamline fund offerings and enhance shareholder value.
πŸ“‰ Alpha Metallurgical Releases 2026 Guidance Amid Market Hurdles Link
  • Alpha Metallurgical projects 2026 sales volumes between 15.1 and 16.5 million tons.
  • Cost of coal sales is expected to range from $95 to $101 per ton, reflecting market challenges.
  • Capital expenditures are planned between $148 million and $168 million, focusing on strategic mine development.
πŸ’° Karbon Capital Partners Raises $345 Million in IPO Link
  • Karbon Capital Partners successfully closed its IPO, raising $345 million through the sale of 34.5 million units.
  • The SPAC aims to focus on the energy sector, targeting businesses in power generation and infrastructure.
  • The IPO marks a strategic move to leverage the growing demand for energy solutions driven by AI and LNG needs.
πŸ› American Consumers Face Holiday Spending Challenges Link
  • An AP-NORC poll reveals that many Americans are struggling with holiday expenses due to high prices.
  • Consumers report using savings and delaying big purchases as inflation pressures persist.
  • The economic sentiment remains bleak with minimal optimism for improvement in 2026.
πŸ”‹ PFAS-Free EV Battery Coatings Market to Surge by 2036 Link
  • The global market for PFAS-free battery fire-protection coatings is expected to grow to $7.7 billion by 2036.
  • The shift is driven by regulatory changes and consumer demand for sustainable manufacturing.
  • China and India are leading growth regions, reflecting their aggressive EV production and environmental policies.

Other news & articles you might like

  • πŸ’΅ CVB Financial declares 145th dividend (Link)
  • 🏦 Huntington Bancshares declares preferred stock dividend (Link)
  • πŸ—οΈ Suntex acquires JA Development for national growth (Link)
  • 🏁 NASCAR antitrust trial ends with settlement (Link)
  • 🎀 VENU and Live Nation in landmark agreement (Link)
  • βš–οΈ CarMax faces securities fraud lawsuit (Link)
  • πŸ“‰ Glen Burnie Bancorp plans Nasdaq delisting (Link)
  • 🚒 HyOrc promotes green methanol for shipping (Link)

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