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NxLite Completes $13.1 Million Series A And $3.5 Million Debt Facility And Adds Erin Sawyer to Board

By Amit Chowdhry ● Jul 16, 2026

NxLite, the manufacturer of air-stable, energy-efficient coatings for glass and polymeric substrates, announced the final close of its Series A financing, a $3.5 million debt facility from RSF Social Finance, and the appointment of technology supply chain leader Erin Sawyer to its board of directors.

Sanctuary Wealth Adds $5.9 Billion In First Half Of 2026, Lifting Total Client Assets To $65.7 Billion

By Amit Chowdhry ● Jul 16, 2026

Sanctuary Wealth, a Miami-based hybrid registered investment adviser focused on wirehouse breakaway advisors and independent wealth management firms, added more than $5.9 billion in total client assets during the first half of 2026 as elite advisor teams affiliated with its platform. The strong first half pushed Sanctuary's trailing 12-month recruited assets to $12.7 billion, a record for the firm. Total client assets now stand at $65.7 billion, up from $27.8 billion in 2023 — an increase of more than 135% in roughly three years. The number of Partner Firms on the platform has grown from 68 to 125 over the same period.

Del Monte Corporation Upsizes Revolving Credit Facility By $150 Million To $900 Million

By Amit Chowdhry ● Jul 16, 2026

Del Monte Corporation has amended its senior unsecured revolving credit facility, increasing total commitments by $150 million to $900 million.

USFM To Combine With Twin Vee, Creating Public Company Focused On Greenland Critical Minerals Project

By Amit Chowdhry ● Jul 16, 2026

USFM Corporation has entered into a definitive agreement to combine with Nasdaq-listed Twin Vee PowerCats, creating a publicly traded mineral exploration company focused on the Disko-Nuussuaq nickel-copper-cobalt-platinum group elements project in Greenland. Financial terms and the ownership structure of the combined company were not disclosed.

Bridgepoint To Acquire Majority Stake In GBA Group From Ardian

By Amit Chowdhry ● Jul 16, 2026

Bridgepoint, a London-based mid-market private equity firm, has agreed to acquire a majority stake in GBA Group, a Hamburg-headquartered laboratory testing company and one of the largest laboratory-centric testing, inspection, and certification (TIC) platforms in the world. The transaction sees Ardian exit the vast majority of its holding while GBA's management team remains invested in the business. Financial terms were not disclosed. The deal is expected to close by the end of 2026, subject to regulatory approvals and customary closing conditions.

TSMC To Invest Additional $100 Billion In U.S. Semiconductor Manufacturing, Bringing Total To $265 Billion

By Amit Chowdhry ● Jul 16, 2026

TSMC plans to invest an additional $100 billion in advanced semiconductor manufacturing and packaging operations in the United States, bringing the company’s total planned U.S. investment to $265 billion.

Alpaca Raises $135 Million To Scale Agent-First Brokerage Infrastructure

By Amit Chowdhry ● Jul 16, 2026

Alpaca has raised $135 million to expand its brokerage infrastructure for tokenized markets, agentic trading and AI-native financial services. Peak XV Partners led the round, with significant participation from Elefund. Additional new and returning investors included Opera Tech Ventures, the venture capital arm of BNP Paribas Group, and Unbound.

SWISSto12 Raises $70 Million Series C to Scale Satellite and Payload Manufacturing

By Amit Chowdhry ● Jul 16, 2026

SWISSto12, a Swiss satellite and payload manufacturer founded in 2011 and headquartered in Renens, Switzerland, has closed a $70 million (€61 million) Series C to expand manufacturing and integration capacity in response to growing demand from commercial and sovereign government customers. The fundraise follows the company's announcement of an $84.8 million (€73 million) award from European Space Agency member states to support development and in-orbit validation of HummingSat through the ARTES partnership program.

ABB To Acquire Rotork For $5.5 Billion To Expand Automation Portfolio

By Amit Chowdhry ● Jul 16, 2026

ABB has agreed to acquire Rotork in an all-cash transaction valued at approximately $5.5 billion, expanding its automation portfolio with mission-critical flow control, instrumentation and electric actuator technologies.