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Halfway limited (ASX:MWY) has entered into a binding Scheme Implementation Deed (SID) with RCM BidCo Pty Ltd, an entity controlled by River Capital Pty Ltd, for the acquisition of all the shares of Midway. Under the proposed scheme, if approved, Midway shareholders will receive $1.19 per share in cash, which includes a partially franked special dividend of $0.38 per share. The shares are trading up 61.44% at $1.24.
BluGlass Limited (ASX:BLG) has secured a $1.925 million (S$2.9 million) contract with North Carolina State University for visible laser development as part of the US Department of Defense’s CLAWS Hub. This hub, funded by CHIPS and the Science Act, is part of the $2 billion Microelectronics Commons program, aimed at advancing next-generation defense and dual-use technologies. The shares are trading up 7.69% at 2.8 cents.
Minbo Resources (ASX:MNB) secured a $10 million investment from the FSDEA to fund Phase 1 of the Cabinda Phosphate project. The funds will go to Minbos subsidiary Phobos Ltd, ensuring no shareholder dilution. The investment will cover infrastructure works, including earthworks, roads and drainage, construction of which will begin soon. The shares are trading up 20.75% at 6.4 cents.