Skyline Builders Group Holding signs term sheet with Super Critical Materials

Skyline Builders Group (KAZR) and Cove Kaz terminated their business combination agreement. Cove Kaz secured $32M in funding at $8/share, valuing it at $2B. Skyline will receive 63.99M shares and distribute their value to shareholders. Cove Kaz plans a direct listing in 1H 2027.

Skyline (KAZR) and Cove Kaz terminated their merger agreement. Cove Kaz secured $32M in funding at $8/share, valuing it at ~$2B. Skyline will receive 26% of Cove Kaz shares, valued above $500M, and plans to distribute this value to shareholders. Cove Kaz aims to list on a U.S. exchange in 1H 2027. Skyline will seek new M&A opportunities in the critical minerals sector.

Vishay Intertechnology agreed to invest $56.4 million for a 49% stake in a semiconductor manufacturing joint venture with Kaynes Technology India. The JV will focus on back-end semiconductor manufacturing and may serve third-party customers. The deal is subject to approvals and definitive agreements.

Investcorp Credit Management BDC (ICMB) agreed to merge with BCP Investment, with ICMB stockholders receiving BCP shares based on net asset values and potential cash consideration. The deal requires ICMB stockholder approval and is intended to be tax-free. Stockholders representing 41% of ICMB's outstanding shares have agreed to support the transaction.

Astec Industries (ASTE) agreed to sell its road construction equipment unit to Komatsu America for $75 million. The deal, expected to close in Q1 2027, will yield $65 million in cash and tax benefits. Astec plans to use the proceeds to strengthen its balance sheet and invest in core businesses.

M2i Global (MTWO) agreed to acquire Graphex Technologies from Happy Growth Group for $100M in cash, stock, and a $3M note due by 2026. The deal aims to expand into graphene products and North American graphite anode materials, with stock payments tied to plant design and production approval.