The European Union’s competition watchdog is set to block Amazon’s attempt to acquire iRobot for $1.7 billion, according to sources. Representatives from Amazon met with officials from the European Commission on Thursday to discuss the deal. As a result, iRobot’s stock plummeted by 39% in after-hours trading.
AST SpaceMobile Plans Public Offering Following Investments from AT&T and Google
AST SpaceMobile is planning to raise $100 million through a public offering after securing investments from AT&T and Google. Additionally, existing investor Vodafone also provided additional funds. However, this news caused AST’s shares to fall by 7.5% in after-hours trading.
Mesa Air Group Strengthening Liquidity with United Airlines Agreements
Mesa Air Group has entered into several agreements with partner United Airlines to enhance its liquidity. As part of the deal, Mesa amended its agreement with United, resulting in an increased block-hour rate. Furthermore, Mesa extinguished $12.6 million of an outstanding United bridge loan and revolving credit facility debt by giving up its stake in Heart Aerospace, a privately held company. This development led to a significant surge of 78% in Mesa’s shares during after-hours trading.
