Kodiak AI (KDK) began trading on the Nasdaq on Thur 25 Sept 25

Kodiak Robotics, Inc. builds and operates self-driving trucks. The company delivers freight for its customers between Dallas-Fort Worth and Houston. It offers solutions in the areas of updating automated drivers, a network of transfer points facilitates, and fleet management tools. 

• Sector: Industrials
• Industry: Farm & Heavy Construction Machinery
• Founder and CEO Don Burnette
• Incorporated in 2018 
• HQ based in Mountain View, California, with an operations center in Lancaster, Texas
• https://kodiak.ai

Kodiak AI (KDK) began publicly trading on the Nasdaq via a SPAC deal (Special Purpose Acquisition Company). Autonomous trucking startup Kodiak Robotics merged with Ares Acquisition Corp. II (AACT) to form the new company.

 

2 Oct 25 

 

Kodiak was founded in 2018 by industry veteran, Don Burnette, with a vision of becoming the trusted world leader in autonomous ground transportation dedicated to commercializing driverless trucking at scale. In 2024, we believe Kodiak became the first company to announce delivery of a driverless trucking product to a customer.
 

===Leap Therapeutics (LPTX) : $58.9 million private placement led by Winklevoss Capital

Oct 06: Leap Therapeutics announces $58.9 million private placement led by Winklevoss Capital and files SEC disclosure, initiating a digital asset treasury strategy.

 

Confluent (CFLT) : 4-year performance

Confluent, Inc. engages in creating a data infrastructure platform focused on data in motion. The firm provides application architecture engagement, multi data center, security and upgrade engagement, and Amazon web services cloud deployment services. Its products include Confluent Cloud, Confluent Platform, WarpStream BYOC, Connectors, Flink, Stream Governance, and Confluent Hub. 

The company was formerly known as Infinitem, Inc. and changed its name to Confluent, Inc. in September 2014. 

• Founded by Edward Jay Kreps, Neha Narkhede, and Jun Rao in 2014
• Headquartered in Mountain View, California
• Sector: Technology
• Industry: Software - Infrastructure
• Full Time Employees: 3,060
• Website:  confluent.io
• Ticker: CFLT

 

===OneMedNet (ONMD) announces major partnership with Palantir (PLTR) to advance healthcare AI and data analytics.

 

OneMedNet (ONMD) selects Palantir to advance healthcare AI and data analytics

Palantir's Artificial Intelligence Platform will provide the infrastructure for OneMedNet's iRWD near real-time AI powered provider network ('network') enabling OneMedNet to empower life sciences, medical device, and research organizations with anonymized, regulatory-grade clinical data and advanced analytics to accelerate the development of cutting-edge medical solutions efficiently.

==Trinseo (TSE) suspends quarterly dividend

 

Trinseo suspends quarterly dividend, expects $1.5 million in annual savings

Trinseo PLC (NYSE:TSE) announced Friday that its board of directors has voted to indefinitely suspend the company’s quarterly dividend of $0.01 per share. According to a statement in the company’s U.S. Securities and Exchange Commission filing, the suspension is expected to result in annual savings of approximately $1.5 million.

The decision was disclosed under Regulation FD Disclosure in a Form 8-K submitted to the SEC. The filing did not provide additional details regarding the timing or rationale for the suspension.

Trinseo, incorporated in Ireland and headquartered in Wayne, Pennsylvania, is listed on the New York Stock Exchange. 

In other recent news, Trinseo SA reported its earnings for the second quarter of 2025, revealing a significant earnings miss. The company posted an earnings per share (EPS) of -$2.12, which fell short of the forecasted -$1.52, representing a 39.47% negative surprise. Despite the earnings miss, Trinseo’s revenue slightly exceeded expectations, coming in at $784 million compared to the projected $765 million. 

Alto Neuroscience (ANRO) receives FDA Fast Track designation for ALTO-101 for the treatment of cognitive impairment associated with schizophrenia

IPO:  Feb 02, 2024; Alto Neuroscience (ANRO) priced 8.04 mln share (upsized from 6.7 mln shares) IPO at $16.00 per share, at the high end of the $14-16 expected range

Ticker: ANRO

 

 

 

 

 

 

Alto Neuroscience receives FDA Fast Track designation for ALTO-101 for the treatment of cognitive impairment associated with schizophrenia

• The FDA has granted Fast Track designation to ALTO-101 for the treatment of cognitive impairment associated with schizophrenia (CIAS). There are currently no approved treatments for CIAS, a core feature of schizophrenia that severely impacts daily functioning and quality of life for millions of patients. Fast Track designation is an FDA process designed to facilitate the development and expedite the review of drugs intended to treat serious conditions and fill an unmet medical need. A drug that receives Fast Track designation may be eligible for more frequent meetings with the FDA to discuss the drug's development plan, as well as eligibility for accelerated approval and priority review, if relevant criteria are met.
• Enrollment remains ongoing in a Phase 2 proof-of-concept study of ALTO-101 in patients with CIAS.

==Fermi America (FRMI) began trading on the Nasdaq on Wed 1 Oct 25

 

Founded by Rick Perry, Toby Neugebauer and Griffin Perry on January 10, 2025

Headquartered in Amrillo, TX.

Opened at $25 after pricing upsized 32.5 mln share IPO at $21, towards the high end of the $18-$22 expected price range

Fermi America provides IPO market with a jolt as advanced energy and hyperscaler development company storms out of the gate 

• Fermi America's (FRMI) IPO drew strong demand as the upsized 32.5 mln share deal (from 25.0 mln) priced at $21, towards the upper end of the $18-$22 expected price range. The strong pricing carried over into the public market where FRMI opened for trading at $25 -- good for a 19% opening pop -- with shares currently trading near $26.
• The company is a Texas-based data center real estate investment trust (REIT) co-founded by former U.S. Energy Secretary Rick Perry. FRMI aims to develop "Project Matador," a massive energy and data center complex in Amarillo, Texas, designed to deliver up to 11 gigawatts of power by 2038 using nuclear, natural gas, solar, and battery storage. This initiative is poised to support the growing demand for AI infrastructure.
• Despite being founded in January 2025 and reporting a $6.4 mln loss through June 30, 2025, with no revenue, FRMI's IPO raised $682.5 mln in proceeds.
• Investor interest was driven by the company's strategic focus on AI infrastructure, the potential for long-term growth in this sector, and its REIT structure offering potential dividends.

Phoenix Education Partners (PXED) IPO overview

Phoenix Education Partners, Inc. (formerly AP VIII Queso Holdings, L.P.), the parent company of the University of Phoenix—a major provider of online higher education programs for working adults—launched its initial public offering (IPO) on September 30, 2025. The company, backed by private equity firms Apollo Global Management and Vistria Group, was taken private in a $1.1 billion deal in 2017 and is now returning to public markets after more than eight years. As of October 1, 2025, the IPO is in the pricing phase, with trading expected to begin soon on the New York Stock Exchange (NYSE) under the ticker symbol PXED. No new capital will go directly to the company; all proceeds will go to selling shareholders, primarily Apollo and Vistria.Key IPO Details

Aspect	Details
Shares Offered	4,250,000 shares of common stock (all by existing shareholders).
Overallotment Option	Underwriters have a 30-day option to purchase up to 637,500 additional shares.
Expected Price Range	$31.00–$33.00 per share.
Potential Proceeds	Up to $140.3 million (before underwriting discounts).
Valuation Target	Up to $1.17–$1.2 billion (fully diluted).
Lead Underwriters	Morgan Stanley, Goldman Sachs, BMO Capital Markets, Jefferies.
Dividend Plans	Quarterly cash dividend of approximately $0.84 per share post-IPO.
Shareholder Sales	Apollo selling ~3.55 million shares; Vistria ~0.7 million shares. Apollo will retain majority voting control.

Financial Snapshot

• Recent Performance (nine months ended May 31, 2025): Revenue of $750 million (up from $710 million year-over-year); net income of $118 million (up from $105 million).
• Trailing 12-Month Revenue: ~$990 million.
• Valuation Multiple: ~1.2x revenue, comparable to peers like Grand Canyon Education.
• The company has focused on streamlining operations, exiting non-core programs, and divesting international assets since going private. A proposed $550 million sale to a University of Idaho-affiliated nonprofit fell through earlier in 2025.

Background and ContextFounded in 1976, the University of Phoenix specializes in flexible, online undergraduate, graduate, certificate, and non-degree programs. It operates in a competitive for-profit online education sector, facing challenges like enrollment declines and regulatory scrutiny but benefiting from post-pandemic demand for accessible learning. The IPO aligns with a broader resurgence in private equity-backed listings amid favorable U.S. market conditions.For the latest updates, including final pricing or roadshow details, check the SEC filing or NYSE listings. This is not investment advice—consult a financial advisor for personalized guidance.

==Draganfly (DPRO) lands drone contract

 

Canada-based Draganfly (DPRO) on Tuesday announced that it was selected by the U.S. Army to provide Flex First Person View (FPV) drones

Under the initial order, Draganfly will deliver Flex FPV drones that are designed for high-performance operations and help establish on-site manufacturing within overseas U.S. Forces facilities to accelerate deployment and reduce the supply-chain timelines.

Draganfly will also provide flight and manufacturing training that will enable the Army to sustain operations, and will manage logistics to ensure secure supply chain practices.

==Firefly Aerospace (FLY) : a company rocket exploded during testing

 

Texas-based Firefly Aerospace (FLY) on Monday was conducting tests ahead of its seventh flight for its Alpha rocket when a booster exploded.

"During testing at Firefly's facility in Briggs, Texas, the first stage of Firefly's Alpha Flight 7 rocket experienced an event that resulted in a loss of the stage," the company wrote on its website. "Proper safety protocols were followed, and all personnel are safe. The company is assessing the impact to its stage test stand, and no other facilities were impacted."

The seventh Alpha flight was intended to be a dedicated commercial launch. Firefly expected to launch in Q4 from the Vandenberg Space Force Base in California. However, the flight has most likely been delayed.

Prior Missions

It's another setback for Firefly, which suffered a failure during its Alpha launch in April, according to Space.com. During that mission, the first-stage booster broke apart shortly after separation from the upper stage. That issue damaged the upper stage's engine nozzle, which compromised thrust and led to the loss of Lockheed Martin's (LMT) satellite payload.

Firefly in March successfully landed its Blue Ghost lander on the Moon, which marked the first commercial moon landing, according to the company. The lander launched in January and completed 100% of its missions during the two-week surface operations.

Firefly has a backlog worth $1.1 billion and is part of NASA's Commercial Lunar Payload Services program, according to Barron's. In July, Firefly received a $176.7 million NASA contract to deliver five NASA-sponsored payloads to the Moon in 2029.

Alliance Laundry Systems (ALH) IPO Overview

Alliance Laundry Systems, a leading manufacturer of commercial laundry equipment (including washers, dryers, and ironers under brands like Speed Queen, UniMac, Huebsch, Primus, and IPSO), is preparing for its initial public offering (IPO). The company, founded in 1908 and headquartered in Ripon, Wisconsin, operates in over 100 countries with more than 4,000 employees. It was most recently majority-owned by BDT Capital Partners (an affiliate of BDT & MSD Partners) following a series of private equity acquisitions. Headquarters: Ripon, Wisconsin, United StatesFounded: 1908https://alliancelaundry.com/ 

  Japan's self-service laundromat sector is rapidly expanding, with over 20,000 locations and 1,000 new stores expected annually from 2025 to 2030. 
ALS's success in Thailand, with a 62% market share and over 3,000 laundromats, highlights its ability to drive industry growth.

 Key IPO Details

• Filing and Timeline: Alliance Laundry filed a registration statement (Form S-1) with the U.S. Securities and Exchange Commission (SEC) in mid-September 2025, marking the first step in the regulatory process. Pricing is expected in the coming weeks, with the offering subject to market conditions—no firm completion date has been announced.
• Shares and Pricing: The company plans to offer 34.1 million shares at a price range of $19 to $22 per share.
• Expected Raise and Valuation: The IPO aims to raise up to $751.2 million, targeting a valuation of up to $4.34 billion.
• Breakdown of Shares:
  • Alliance Laundry will sell 24.4 million shares.
  • Selling stockholders (primarily BDT Capital Partners and affiliates) will offer 9.8 million shares.
• Post-IPO Ownership: BDT Capital Partners will retain approximately 76% ownership.
• Exchange and Ticker: Shares will list on the New York Stock Exchange (NYSE) under the symbol "ALH".
• Underwriters: Led by BofA Securities and J.P. Morgan.
• Cornerstone Investors: Capital International and Kayne Anderson Rudnick have expressed interest in purchasing up to $100 million in shares, signaling strong institutional demand.

Financial SnapshotFor the six months ended June 30, 2025:

• Revenue: $836.8 million (up ~15% from $729 million in the prior-year period).
• The company is using IPO proceeds partly to reduce debt, which has been described as significant in filings.

Metric	Value (H1 2025)	YoY Change
Revenue	$836.8 million	+15%
EBITDA (TTM est.)	~$350 million	N/A
Target Valuation	Up to $4.34 billion	N/A

Background and ContextAlliance Laundry has a long history in the industry but has changed hands multiple times through private equity:

• Acquired by Bain Capital from Raytheon in 1998 for $358 million.
• Majority stake bought by Teachers' Private Capital in 2005 for $450 million.
• Current ownership by BDT & MSD since around 2015; earlier in 2024, they explored a private sale valuing the company at 13x EBITDA (~$4.5–$7 billion range), but shifted to an IPO amid favorable market conditions for private equity exits.

The IPO comes amid a resurgence in U.S. IPO activity, particularly for PE-backed firms, driven by improving market sentiment. For more details, including the full prospectus, visit the SEC's EDGAR database at www.sec.gov.