Markets & Finance

PlusAI signed a definitive merger agreement with Texas Ventures Acquisition III Corp. on September 2, 2026, at an $800 million pre-money valuation with up to $300 million in capital, roughly $400 million below the valuation in its prior SPAC deal with Churchill Capital Corp. IX, which was mutually terminated in April 2026. The financing structure models $100 million in retained trust cash and more than $60 million in committed capital, though two official SEC filings submitted simultaneously use different redemption rate assumptions without explanation. Closing is expected in 2026, pending shareholder and regulatory approvals.

Diversified Energy signed a definitive agreement on September 2, 2026, to acquire Birch Permian Holdings from Elliott Investment Management affiliates for approximately $1.8 billion, with $1.5 billion of that funded through a Carlyle-structured asset-backed securitization. Management estimates the deal would increase Diversified's production by roughly 35% and adjusted EBITDA by roughly 55%, adding an estimated $548 million in annualized adjusted EBITDA. The transaction has not yet closed, remains subject to regulatory approvals, and carries a $50 million break fee, with closing anticipated in the fourth quarter of 2026.

Fourteen Invesco funds settled confidentially with Apollo Global Management and other Serta lenders in late August 2026, withdrawing from appeals following a bankruptcy court ruling that awarded $261.13 million in damages plus 9% prejudgment interest from June 2020. The settlement resolves Invesco's role in litigation stemming from Serta's 2020 uptier transaction, which the Fifth Circuit ruled did not qualify as an open-market purchase under the original credit agreement. Economic terms, including the amount paid and its allocation among the funds, remain undisclosed in the public record.