RF Acquisition Corp II Shares Explode 230% On Nanyang Biologics Merger Vote Approval

RF Acquisition Corp II (RFAI) stock surged 398.9% to $65.60 in pre-market trading after shareholders approved its merger with Nanyang Biologics, valued at $1.5 billion. The deal is expected to close soon, with the new company listing on Nasdaq as NYB. Trading volume was 11 times the daily average, driven by the merger news.

Ultra Maritime demonstrated its Sea Spear passive sonar array and AN/SSQ-125B active sonobuoy integration at the US Navy's Lanternfish 2026 exercise, detecting unmanned underwater vehicles. The company's approach combines existing technologies to provide precise readings. Lockheed Martin agreed to acquire Ultra Maritime for $3.45 billion, adding it to its Rotary and Mission Systems division.

ExxonMobil (XOM) is among four bidders for Shell's (SHEL) U.S. chemical plants, with potential bids up to $8 billion. The assets, including plants in Louisiana, Texas, and Pennsylvania, are being sold due to underperformance and a cyclical downturn. A successful bid would expand Exxon's petrochemical footprint and diversify its portfolio, potentially enhancing long-term earnings.

Bunker Hill Mining Corp. (BHLL) agreed to acquire Silver47 Exploration in an all-stock deal, issuing ~36M shares (43% of post-close company). The transaction, subject to approvals, involves a 0.1724 share exchange ratio and reciprocal voting agreements with key shareholders.

California Attorney General Rob Bonta canceled a mediation session for the $111-billion merger between Paramount Skydance and Warner Bros. Discovery, accusing Paramount of leaking and misrepresenting confidential discussions. Bonta proposed terms including selling cable channels and keeping Warner Bros. separate. Paramount declined to comment. The dispute involves antitrust concerns and political tensions, with a court hearing scheduled for September.

Real REMAX Group Inc. (REAX) completed its business combination with RE/MAX Holdings, trading under the new ticker REAX on the Nasdaq. Former shareholders received shares or cash based on the merger agreement. The combined company aims to leverage technology and global reach to enhance real estate services, according to the CEO.