Green Equity - August 1, 2024
News about stocks involved in environmental markets.
Green Equity is a daily series dedicated to tracking emerging investment opportunities in environmental markets. Notable events include green investments, fundraising, M&A, and new public listings.
News From Public Companies
CO280 Solutions has awarded SLB and Aker Carbon Capture's (ACC) joint venture a front-end engineering and design (FEED) contract for a large-scale carbon capture plant at a pulp and paper mill on the U.S. Gulf Coast. The project aims to remove 800,000 tonnes of carbon emissions annually.
LiqTech International (LIQT) has entered into a Memorandum of Understanding (MoU) with China Haisum Engineering Company to explore industrial water treatment applications in China. This partnership aims to leverage LiqTech’s state-of-the-art membrane filtration technology to address the challenging industrial water treatment needs in China, a market with a growing emphasis on environmental protection and sustainability.
Abaxx Technologies (ABXX) and MineHub Technologies have announced a strategic partnership to enhance the digitization of commodities markets, with Abaxx acquiring a 10.9% ownership stake in MineHub. This partnership aims to integrate data from both companies' digital tools. Abaxx's identity protocol, ID++, will be leveraged to improve MineHub's communication systems. The share exchange agreement involves Abaxx receiving MineHub shares and warrants, while MineHub receives Abaxx shares, with the transaction expected to close by mid-August 2024.
Price Targets & Reports
Benchmark has initiated coverage on Blink Charging (BLNK) with a "Buy" rating and set a price target of $5.00 per share. This target suggests a potential upside of 51.98% from Blink Charging's previous closing price.
New Public Listings
Focus Impact Acquisition Corp. (FIAC) and DevvStream Holdings (DESG) announced that the SEC has declared effective the Registration Statement for their proposed business combination, which would result in DevvStream becoming the first publicly traded carbon company on a major U.S. stock exchange. Upon completion of the transaction, subject to shareholder and court approvals, the combined company's shares and warrants will trade on the Nasdaq under the tickers "DEVS" and "DEVSW.”