In today’s briefing:
- SSI Newsletter: New Portfolio Ideas, Guest Pitches, and Key Updates
- Chime Financial (CHYM US): Delayed Inclusion to US & Global Indices
- Weekly Update (MEDXF, IDT, FTV)
SSI Newsletter: New Portfolio Ideas, Guest Pitches, and Key Updates
- New portfolio ideas include Lutnick’s SPACs CEPO/CEPT with potential multibagger upside and MYX:AX’s merger arb with Cosette Pharmaceuticals.
- Guest pitches highlight potential takeover of Webjet Group, Naturgy’s odd-lot tender offer, and Assura’s bidding war interest.
- Updates cover LWAY’s board overhaul, LQDA’s patent lawsuit denial, RTACU’s unit separation, NZM’s strategic review, OCFT’s document delay, and PAC’s short report on ABL.
Chime Financial (CHYM US): Delayed Inclusion to US & Global Indices
- Chime Financial (CHYM US) meets public voting rights eligibility only after the 6-month lock-up expiry, leading to its delayed inclusion in Global-F SmallCap and R1000 in 2026.
- Chime Financial (CHYM US) will be excluded from Global-M for the next 12 months due to the lock-up on undisclosed shareholders, which keeps the free float below the 15% threshold.
- Chime Financial (CHYM US) is expected to be added to US TMI at the September 2025 review.
Weekly Update (MEDXF, IDT, FTV)
Fortive (FTV) will spin off 100% of Ralliant on June 28, 2025.
Ralliant will trade under the ticker RAL. When issued trading will begin on June 25th. Ralliant will host an investor day on June 10, 2025.
Ralliant (Precision Technologies) will be a $2.2B revenue company (2024) focused on Test & Measurement and Sensors & Safety Systems.
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