Greenfire Is Set to Start Trading on Thursday After SPAC Deal

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 8 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 50%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

Oil producer Greenfire Resources Inc. is set to start trading on the New York Stock Exchange after closing a deal to combine with blank check company M3-Brigade Acquisition III Corp., according to a document reviewed by Bloomberg.

Common shares of the Calgary-based producer of oil sands are expected to begin trading under the ticker GFR on Thursday, according to the document. The deal to combine Greenfire and the special purpose acquisition company was valued at $950 million when announced in December.

A representative for Greenfire declined to comment. M-3 managing partner Mohsin Meghji said the firm aims to bring value to shareholders.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 83. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asia Stocks Set for Cautious Start as Fed in Focus: Markets WrapEquity markets in Asia are poised for a muted open after US stocks posted modest losses ahead of the Federal Reserve’s policy decision, with traders betting interest rates will be higher for longer to curb inflation.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Instacart set for Wall Street debut days after Arm's fiery entry(Reuters) - Shares of grocery delivery app Instacart were set to start trading on the Nasdaq on Tuesday, the second high-profile debut in days after ...
Source: SaltWire Network - 🏆 45. / 63 Read more »

Crypto: Solidus Labs uncovers $2 billion in 'wash trades', exec. explainsDecentralized crypto exchanges are seeing a rampant surge in 'wash trading' activity — a form of market manipulation via artificial transactions on both mainstream and meme tokens — amounting to a minimum of $2 billion in overvalued assets being traded or in circulation. Solidus Labs Co-Founder and Chief Experience Office (CXO) Chen Arad explains the crypto firm's latest report verifying wash trade volumes and how to best identify fraud across liquidity pools. 'Often times, wash trading is often used ultimately to inflate volumes and give the appearance of additional trading, more trading that actually happened,' Arad says. 'It's a good way for scammers or for people who often circulate malicious crypto tokens to create the appearance of activity, to drive prices up in a way that is unfair.' Arad also notes which crypto assets are being used to facilitate wash trading behaviors.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

China Sets Cornerstone Rules to Scale Up National Power TradingChina has set the overarching rules that will govern its long-awaited national electricity market, as it bids to match supply and demand in near real-time across the whole country.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Hong Kong to tighten regulation of cryptocurrencies after arrests linked to JPEX trading platformHONG KONG (AP) — Hong Kong’s leader said Tuesday that the territory will tighten regulation of digital assets after police arrested six people following allegations of fraud at an unlicensed cryptocurrency exchange in the city. The arrests on Monday followed an announcement by Hong Kong’s securities watchdog last week that the exchange, JPEX, was unlicensed and did not have authority to operate its cryptocurrency trading platform in the city. The Securities and Futures Commission said it had rec
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Thailand to tax overseas income from crypto tradingThailand is looking to tax overseas income from 2024. This includes from crypto trading, as per Section 48 of the Revenue Code.
Source: CryptoAmb - 🏆 22. / 68 Read more »