Bolt Projects Holdings 株価情報 (NASDAQ: BSLK)

最新ニュース Bolt Projects Holdings (NASDAQ:BSLK) 株価情報

Bolt Projects Holdings

Bolt Projects Holdings Inc develops and produces biomaterials products. Its flagship products from its Vegan Silk Technology Platform, b-silk and xl-silk, are a biodegradable and vegan protein polymer and a replacement for silicone elastomers in beauty and personal care.

Bolt Projects Holdings, Inc. - Common Stock

Bolt Projects Holdings Inc

News

BLCO

Bausch + Lomb Announced The U.S. Launch Of Blink Nourish Lubricating Eye Drops And Blink Boost Lubricating Eye Drops

Brookfield Asset Management Announced Up To SEK 95B ($10B) Of Investment To Support The Development Of Artificial Intelligence Infrastructure In Sweden

AECOM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACM#NYSE">ACM</a>), the trusted global infrastructure leader, today announced it has been selected by the U.S. Air Force Civil Engineer Center (AFCEC) to deliver global architecture and engineering services through a multiple award task order contract (MATOC) under an indefinite delivery, indefinite quantity framework. The contract supports a wide range of environmental initiatives, including restoration, conservation, planning, and environmental quality for the U.S. Air Force and other federal agencies.
Under this MATOC, AECOM will provide comprehensive environmental services to the U.S. Air Force, Air Force Materiel Command, Air Force Installation and Mission Support Center, AFCEC, and various Department of Defense and federal stakeholders. Services will span the full project lifecycle—from planning, assessment and investigation to construction-phase design and long-term operations and management support.
The contract ceiling is $1.5 billion, with services to be delivered over a five-year base period and a five-year option period.
 &nbsp;

AECOM Chosen By U.S. AFCEC To Deliver Global Architecture And Engineering Services Through MATOC Under Indefinite Delivery, Indefinite Quantity Framework, Contract Ceiling Is $1.5B

NNVC

NanoViricides Announces That It Is Forging Ahead With Its Measles Drug Development Program

AI is not just a Q/A tool, says Srinivas Narayanan, Vice President of Engineering at OpenAI, but an agent who takes action on your behalf. In an interview, Narayanan shares his beliefs about the dynamic future of autonomous AI on a global scale.
What Happened: Narayanan underlined that OpenAI is entering a new era where it evolves from a simple chatbot. "The first ChatGPT was conversational. You ask a question, you get an answer. We&#8217;re now in a phase where it&#8217;s starting to take actions on your behalf," he said in an interview <a href="https://www.moneycontrol.com/artificial-intelligence/mc-exclusive-india-can-be-a-shining-example-of-delivering-ai-at-scale-working-on-improving-capabilities-for-hindi-and-tamil-openais-srinivas-narayanan-article-13084356.html/amp?classic=true">with</a> MoneyControl.  
Narayanan also highlighted how quickly the technology has progressed in a short span of time. "Previously, it was doing seconds of work. Today, it&#8217;s doing minutes of work. Two years from now, it should do hours or days of work," he observed.
At the same time, Narayanan cautioned against the idea that AI is anywhere near complete. "I don&#8217;t want us to create a perception that somehow we have solved all the problems&#8230; There is still a lot of unforeseen research and product problems," he said.
Sophisticated design thinking is required to build trust with AI agents, he said. "What does it mean for a personal assistant that understands you deeply? What do you trust it with? How does it talk to other personal assistants? We don&#8217;t know how to solve all these, but we want to solve it one at a time, iteratively," Narayanan explained.
See Also: <a href="https://www.benzinga.com/markets/tech/25/06/45763070/palantir-ceo-alex-karp-says-you-can-have-a-great-social-life-at-20-or-be-successful-but-you-cant-do-both">Palantir CEO Alex Karp Says You Can Have A &#8216;Great Social Life&#8217; At 20 Or Be Successful But You Can&#8217;t Do Both</a>
Why It Matters: Narayanan's bold predictions of AI come just as Jony Ive, the famed designer behind many of Apple's most popular products, <a href="https://www.benzinga.com/news/topics/25/06/45746669/jony-ive-described-by-sam-altman-as-the-greatest-designer-in-the-world-joins-openai-in-6-5b-deal-to-build-a-totally-new-kind-of-thing">joins OpenAI in a $6.5 billion deal</a> with his startup io.
OpenAI CEO Sam Altman and Ive reportedly described their vision for compact, intelligent <a href="https://www.benzinga.com/tech/25/05/45640879/openais-sam-altman-says-6-5b-deal-with-jony-ive-to-build-ai-companions-could-add-1-trillion-in-company-value-report">AI &#8220;companions&#8221;</a> designed to fit smoothly into users' lives to staffers last month, with Altman claiming that the new deal could add up to $1 trillion in value to OpenAI.
Altman also shared that his and Ive's vision is based on the realization that the <a href="https://www.benzinga.com/25/05/45638355/headline-apples-former-design-chief-jony-ive-called-phones-and-laptops-legacy-platforms-google-ceo-sundar-pichai-said-pulling-out-a-black-glass-rectangle-wont-make-sense-forever-though-new-age-devices-havent-really-taken-off-yet" target="_blank" rel="noreferrer noopener">hardware available currently is simply not built for the kind of AI experiences they envision</a>.
As these statements, alongside Narayanan's, point to a more AI-integrated future, experts like former Google chief executive&nbsp;Eric Schmidt are warning that <a href="https://www.benzinga.com/25/05/45604065/former-google-boss-eric-schmidt-says-ai-will-only-exacerbate-the-blurred-lines-between-online-perception-and-reality">AI will make it harder for people to distinguish between online and offline worlds</a>.
Ive himself recently highlighted the <a href="https://www.benzinga.com/markets/tech/25/06/45738323/steve-jobs-widow-is-backing-jony-ives-mystery-ai-device-even-though-shes-still-very-close-to-apple-leadership-if-it-wasnt-for-laurene">"uneasy relationship" human beings have with technology</a> at the moment, claiming that his collaborative project with Altman is driven by the belief that "humanity deserves better." Earlier, Altman himself had called for approaching large-scale changes brought on by AI with <a href="https://www.benzinga.com/tech/25/05/45310167/sam-altman-says-cant-wrap-our-heads-around-the-size-of-the-ai-revolution-calls-for-humility-and-caution-to-guide-the-future">"humility" and "caution."</a>
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/06/45763363/nvidia-overtakes-microsoft-as-the-worlds-most-valuable-company-with-3-4-trillion-market-cap-as-morgan-stanley-reaffirms-top-pick-status">Nvidia Overtakes Microsoft As The World&#8217;s Most Valuable Company With $3.4 Trillion Market Cap As Morgan Stanley Reaffirms Top Pick Status</a></li>
</ul>
Photo courtesy: Svet foto / Shutterstock.com

Tech

OpenAI's Srinivas Narayanan Says ChatGPT Is No Longer Just Conversational: It's Now Taking Actions 'On Your Behalf'

Genesco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GCO#NYSE">GCO</a>) affirms FY2026 Adj EPS guidance from $1.30-$1.70 to $1.30-$1.70 vs $1.47 analyst estimate..

Guidance

Genesco Affirms FY2026 Adj EPS Guidance of $1.30-$1.70 (Including Tariff Impact) Vs $1.47 Est

CRWD moves higher during session after alert
<figure class="wp-block-image size-large"><img decoding="async" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/03200426/Screenshot-2025-06-03-at-4.01.39%E2%80%AFPM-1006x1024.png" alt="" class="wp-image-13819" /></figure>
CrowdStrike Holdings Inc. (CRWD) today experienced a Power Inflow, a significant event for those who follow where smart money goes and value order flow analytics in their trading decisions.&nbsp;
Today, at 10:09 AM on June 3rd, a significant trading signal occurred for CrowdStrike Holdings Inc., (CRWD) as it demonstrated a Power Inflow at a price of $482.05. This indicator is crucial for traders who want to know directionally where institutions and so-called "smart money" moves in the market. They see the value of utilizing order flow analytics to guide their trading decisions. The Power Inflow points to a possible uptrend in Crowdstrike&#8217;s stock, marking a potential entry point for traders looking to capitalize on the expected upward movement. Traders with this signal closely watch for sustained momentum in Crowdstrike's stock price, interpreting this event as a bullish sign.
Signal description
Order flow analytics, aka transaction or market flow analysis, separate and study both the retail and institutional volume rate of orders (flow). It involves analyzing the flow of buy and sell orders, along with size, timing, and other associated characteristics and patterns, to gain insights and make more informed trading decisions. This particular indicator is interpreted as a bullish signal by active traders.&nbsp;
The Power Inflow occurs within the first two hours of the market open and generally signals the trend that helps gauge the stock's overall direction, powered by institutional activity in the stock, for the remainder of the day.&nbsp;
By incorporating order flow analytics into their trading strategies, market participants can better interpret market conditions, identify trading opportunities, and potentially improve their trading performance. But let's not forget that while watching smart money flow can provide valuable insights, it is crucial to incorporate effective risk management strategies to protect capital and mitigate potential losses. Employing a consistent and effective risk management plan helps traders navigate the uncertainties of the market in a more controlled and calculated manner, increasing the likelihood of long-term success
If you want to stay updated on the latest options trades for CRWD <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.&nbsp;
<a href="https://benzinga.com/apis?_gl=1&#x2A;1hlgn5i&#x2A;_ga&#x2A;MTY1NjE2NTYxMi4xNzE0NzQ4MTAy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDc0ODEwMi4xLjEuMTcxNDc0ODQyOC4wLjAuMA..">Market News and Data brought to you by Benzinga APIs</a> and include firms, like <a href="https://tradepulse.net/?utm_source=Benzinga&amp;utm_medium=Article&amp;utm_campaign=brand_awareness_June2025">https://tradepulse.net/?utm_source=Benzinga&amp;utm_medium=Article&amp;utm_campaign=brand_awareness_June2025</a>, which are responsible for parts of the data within this article.
&#xA9; 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved

After Market Close, UPDATE: The price at the time of the Power Inflow was $482.05. The returns on the High price ($491.20) and Close price ($488.76) after the Power Inflow are respectively 1.9% and 1.4%. The result underlines the importance of a trading plan that includes Profit Targets and Stop Losses that reflect your risk appetite.
Past Performance does not indicate Future results

Equities

Technicals

Opinion

Signals

Trading Ideas

CRWD

CrowdStrike Rises 1.9% After Power Inflow Signal

Needham analyst Ryan MacDonald maintains Hims &amp; Hers Health (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIMS#NYSE">HIMS</a>) with a Buy and raises the price target from $61 to $65.

Price Target

Analyst Ratings

Hims & Hers Health, Inc. Class A Common Stock

HIMS

Needham Maintains Buy on Hims & Hers Health, Raises Price Target to $65

Unitedhealth Shareholders Re-elected All Current Directors And Authorized Payment Of A Cash Dividend Of $2.21 Per Share, To Be Paid June 24, 2025, To Shareholders Of Record As Of June 16, 2025

NuScale Power Announced The Opening Of Its Latest Energy Exploration (E2) Center, The Largest Of Its Kind In The United States

Genesco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GCO#NYSE">GCO</a>) reported quarterly losses of $(2.05) per share which missed the analyst consensus estimate of $(2.00) by 2.5 percent. This is a 2.38 percent increase over losses of $(2.10) per share from the same period last year. The company reported quarterly sales of $473.97 million which beat the analyst consensus estimate of $465.30 million by 1.86 percent. This is a 3.58 percent increase over sales of $457.60 million the same period last year.

Earnings

Earnings Beats

Earnings Misses

Genesco Q1 Adj. EPS $(2.05) Misses $(2.00) Estimate, Sales $473.97M Beat $465.30M Estimate

Needham analyst Mike Cikos maintains CrowdStrike Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) with a Buy and raises the price target from $420 to $530.

Needham Maintains Buy on CrowdStrike Holdings, Raises Price Target to $530

Mastercard Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>) disclosed a collaboration with PayPal Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>) to enhance <a target="_blank" href="https://www.benzinga.com/pressreleases/25/06/b45764648/mastercard-and-paypal-to-partner-on-mastercard-one-credential-to-supercharge-choice-at-checkout" rel="noreferrer noopener">consumer choice and control during checkout</a>.
The partnership will now enable Mastercard and PayPal to co-develop new features leveraging Mastercard&#8217;s One Credential, bringing these solutions to a wider consumer base.
One Credential can also support PayPal users in developing healthier financial practices, facilitating their progression from debit to structured credit options like installments as they build creditworthiness.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/05/45340947/mastercard-cfo-sees-paradigm-shift-away-from-web-browsers-for-shopping-says-ai-will-soon-let-people-shop-and-pay-through-chat" rel="noreferrer noopener">Mastercard CFO Says Shoppers Ready To Abandon The Web Browser In Favor Of AI Agents: &#8216;Paradigm Shift&#8217; Unfolding</a>
Mastercard is implementing One Credential as a network-level capability globally, allowing issuers to empower consumers with choice and control on a large scale.
This initiative further strengthens Mastercard and PayPal&#8217;s established collaboration on payment solutions, which includes the PayPal Debit Mastercard and PayPal Business Debit Mastercard.
Chris Sweetland, SVP of Partnerships at PayPal, said, &#8220;We both want to reduce friction for consumers and bring them more power over how they pay.&#8221;
Last month, Mastercard partnered&nbsp;with crypto infrastructure company&nbsp;MoonPay&nbsp;to launch stablecoin-based <a target="_blank" href="https://www.benzinga.com/trading-ideas/movers/25/05/45446885/mastercard-taps-into-100-million-crypto-users-with-moonpay-partnership" rel="noreferrer noopener">payment solutions for global use</a>.
Investors can gain exposure to the stock via&nbsp;iShares Long-Term U.S. Equity Active ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BELT#NASDAQ">BELT</a>) and iShares U.S. Financial Services ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYG#NYSE">IYG</a>).
Price Action: MA shares are trading higher by 0.29% to $583.65 premarket at last check Wednesday.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45592157/visa-and-mastercard-face-eu-scrutiny-over-card-fees-amid-push-to-cut-foreign-payment-dependence" target="_blank" rel="noreferrer noopener">Visa And Mastercard Face EU Scrutiny Over Card Fees Amid Push To Cut Foreign Payment Dependence</a></li>
</ul>
Image via Shutterstock

BELT

iShares Trust Dow Jones US Financial Services Index Fund

PYPL

Mastercard, PayPal Partner To Offer Consumers More Payment Control

In a new interview during his UK tour with Rep.&nbsp;Alexandria Ocasio-Cortez&nbsp;(D-N.Y.), Sen.&nbsp;Bernie Sanders&nbsp;(I-Vt)&nbsp;reiterated his criticism of the American political establishment, accusing it of serving the billionaire class <a href="https://www.benzinga.com/personal-finance/25/04/44957565/bernie-sanders-the-u-s-is-the-only-major-country-that-doesnt-guarantee-healthcare-to-all-people">instead of working people</a>.
What Happened: "What Trumpism is about is an understanding that the system in America is <a href="https://www.benzinga.com/25/05/45565917/bernie-sanders-says-its-wrong-to-add-150-billion-to-bloated-military-budget-while-young-people-will-never-afford-their-own-homes">not working for working-class people</a>," Sanders <a href="https://www.theguardian.com/us-news/ng-interactive/2025/jun/04/saying-trump-is-dangerous-is-not-enough-bernie-sanders-on-biden-billionaires-and-why-the-democrats-failed">said</a> to the Guardian. While admitting that Trump has "hypocritically" leveraged that anger, Sanders cautioned that his so-called solutions "will <a href="https://www.benzinga.com/news/25/05/45394734/bernie-sanders-says-american-workers-are-angry-because-wages-havent-kept-up-they-are-lower-today-than-they-were-52-years-ago">only make a bad situation worse</a>."
The Democratic Party, according to him, does not address income inequality. "Their weakness is, I think, that their credibility is now quite low. And they don't have much of a message for working people, other than to say Trump is dangerous. I think that's just not enough," he said.
He shared how his advice to Kamala Harris's 2024 campaign was to focus on <a href="https://www.benzinga.com/news/25/04/44757196/bernie-sanders-warns-the-job-you-have-today-aint-going-to-be-here-in-10-or-15-years-as-ai-and-robotics-threaten-us-workforce">working-class needs</a>, but it was dismissed in favor of appeasing billionaires and projecting conservatism. "They thought that was the right approach. I did not think that was the approach, and I was public about that," Sanders said.
See Also: <a href="https://www.benzinga.com/news/health-care/25/06/45741204/barack-obama-accuses-republicans-of-trying-to-weaken-obamacare-urges-voters-to-call-their-senators-as-millions-of-people-risk-losing-healthcare">Barack Obama Accuses Republicans Of &#8216;Trying To Weaken&#8217; Obamacare, Urges Voters To Call Their Senators As &#8216;Millions Of People&#8217; Risk Losing Healthcare</a>
Why It Matters: Sanders highlighted what he views as a sinister convergence of wealth and political power that undercuts democratic institutions. He criticized Project 2025 as a "movement for authoritarianism," referring to Trump's attacks on the media, judiciary, and legal tenets.
Despite his warnings, Sanders sees hope in his rallies alongside Alexandria Ocasio-Cortez, which are drawing crowds even in conservative states. "Large numbers of people… do not want to see oligarchy in America, do not want to see authoritarianism," he said.
"We're going to take on the billionaire class," Sanders asserted. "They're going to start paying their <a href="https://www.benzinga.com/markets/25/04/44838380/if-you-paid-1-in-federal-income-taxes-you-paid-more-than-tesla-or-amazon-says-bernie-sanders-as-he-takes-on-billionaires-for-tax-inequities">fair share of taxes</a>."
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/25/06/45762220/medicaid-cuts-are-heroic-speaker-mike-johnson-says-4-8-million-wont-lose-healthcare-unless-they-choo">Medicaid Cuts Are &#8216;Heroic,&#8217; Speaker Mike Johnson Says: 4.8 Million Won&#8217;t Lose Healthcare &#8216;Unless They Choose To Do So&#8217;</a></li>
</ul>
Photo courtesy: ana Shea / Shutterstock.com

Politics

Bernie Sanders Warns 'Saying Trump Is Dangerous Is Not Enough,' Vows To 'Take On' Billionaires, Fight For Working People And Resist Movement Towards 'Authoritarianism'

Tom Lee, co-founder and Head of Research at Fundstrat Global Advisors, predicts a substantial market rally despite widespread investor skepticism as the S&amp;P 500, tracked by SPDR S&amp;P 500 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), trades within 2% of all-time highs.
What Happened: Lee wrote on X that &#8220;This remains one of the &#8216;most hated&#8217; V-shaped rallies and yet we are within 2% of all-time highs.&#8221; He cited short positioning, bear sentiment, and improving macro conditions as catalysts for a possible &#8220;face-ripper rally.&#8221;
The S&amp;P 500, closed at 5,970.37 on Tuesday, up 0.58%, while the Nasdaq-100 gained 0.79% to 21,662.58. The benchmark index reached an all-time high of 6,152.87 in February.
Speaking on CNBC, Lee emphasized the disconnect between market performance and investor sentiment. &#8220;You&#8217;d think that with the S&amp;P doing well this week and a great May investors are bullish. They are not,&#8221; Lee said. &#8220;In our calls and zooms with portfolio managers many are still cautious because they see tariff risks ahead.&#8221;
Lee highlighted technical indicators supporting further upside. &#8220;Given the amount of cash on the sidelines, the fact that short interest is going up and we have a quiet week and markets are rallying, I think the risk is now of a substantial leg up rally from here,&#8221; he stated.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This remains one of the "most hated" V-shaped rallies and yet we are within 2% of all-time highs LINK &#x1f517; <a href="https://twitter.com/YouTube?ref_src=twsrc%5Etfw">@YouTube</a> <a href="https://t.co/dBGY4w2Pma">https://t.co/dBGY4w2Pma</a> &#8211; short positioning, bear sentiment, better macro &#8211; possible <a href="https://twitter.com/hashtag/faceripper?src=hash&amp;ref_src=twsrc%5Etfw">#faceripper</a> rally<a href="https://twitter.com/fs_insight?ref_src=twsrc%5Etfw">@fs_insight</a> <a href="https://twitter.com/FundstratCap?ref_src=twsrc%5Etfw">@FundstratCap</a> <a href="https://twitter.com/hashtag/tuesdayvibe?src=hash&amp;ref_src=twsrc%5Etfw">#tuesdayvibe</a>
&mdash; Thomas (Tom) Lee (not drummer) FSInsight.com (@fundstrat) <a href="https://twitter.com/fundstrat/status/1930104421884502040?ref_src=twsrc%5Etfw">June 4, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Why It Matters: Regarding tariff concerns, Lee downplayed their economic impact. He estimates a 10% tariff rate would create roughly a 1% GDP effect, comparing it to oil moving from $40 to $80. &#8220;We wouldn&#8217;t say $80 oil breaks the economy anymore,&#8221; Lee noted.
The Fundstrat strategist expects the Federal Reserve to remain dovish through 2026 as housing prices decline and deliver deflationary pressure. Housing represented 75% of inflation increases since 2019, according to Lee&#8217;s analysis.
For sector positioning, Lee favors the Magnificent Seven technology stocks alongside financials, industrials, and small caps for the second half of 2025. He views the MAG 7 as &#8220;the first to peak, the first to bottom&#8221; during recent market volatility.
Lee&#8217;s bullish outlook contrasts with mounting concerns from JPMorgan Chase Inc. CEO Jamie Dimon and others about potential bond market instability amid rising federal <a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/06/45746797/is-a-bond-market-crash-coming-jamie-dimon-blackrock-ray-dalio-and-others-sound-the-alarm">deficits and elevated long-term Treasury yields</a>.
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<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45763806/jack-dorsey-touts-bitcoin-only-cash-app-says-blocks-wallet-improving-rapidly">Jack Dorsey Touts &#8216;Bitcoin Only&#8217; Cash App, Says Block&#8217;s Wallet &#8216;Improving Rapidly&#8217;</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image Via Shutterstock

Markets

Tom Lee Says V-Shaped Rally Among 'Most Hated' Ever As Market Nears All-Time Highs, Warns Of Possible 'Face-Ripper' Surge

Needham analyst Laura Martin downgrades Apple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) from Buy to Hold and maintains the price target from $225 to $225.

Downgrades

AAPL

Needham Downgrades Apple to Hold, Maintains Price Target to $225

Post Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POST#NYSE">POST</a>), on Tuesday, disclosed that it entered into a <a target="_blank" href="https://www.benzinga.com/pressreleases/25/06/n45757641/post-holdings-to-acquire-8th-avenue-food-provisions-updates-fiscal-year-2025-outlook" rel="noreferrer noopener">definitive agreement to acquire</a> 8th Avenue Food &amp; Provisions, Inc.
Post will retire 8th Avenue&#8217;s outstanding net debt as part of the deal and purchase all equity interests, resulting in a net payment of around $880 million.
The acquisition price includes an assumption of&nbsp;$111 million in finance leases, and the balance will be paid in cash to settle outstanding debt and to purchase the remaining equity interests not already held by Post.
Also Read: <a target="_blank" href="https://www.benzinga.com//node/45188975" rel="noreferrer noopener">SNAP Spending Shift Could Hit General Mills, PepsiCo Hard, Warns Analyst</a>
The transaction will be financed through a mix of available cash and borrowings under Post&#8217;s existing revolving credit line.
The deal is anticipated to slightly increase Post&#8217;s leverage, with the acquisition-adjusted net leverage ratio expected to be about 4.6x at closing.
8th Avenue operates in several categories, including branded and private-label dry pasta, as well as private-label nut butters, granola, and fruit and nut products.
The acquisition brings several strategic benefits to Post, including in-house production of its Peter Pan peanut butter, entry into the dry pasta market through the Ronzoni brand, and expanded presence in the growing granola segment of ready-to-eat cereals.
The transaction is expected to close on July 1, 2025, during Post&#8217;s fiscal fourth quarter, pending customary closing conditions.
Following the acquisition, 8th Avenue&#8217;s financial performance will be included under the Post&#8217;s Consumer Brands segment.
Post expects 8th Avenue will contribute around $115 million in adjusted EBITDA over the 12 months post-closing, excluding expected cost synergies.
These synergies are projected to reach an annual run rate of roughly $15 million by the end of fiscal 2026.
Additionally, 8th Avenue is expected to enhance Post&#8217;s free cash flow generation, supporting its focus on cash efficiency and maintaining capital allocation flexibility.
Subject to the successful closing of the 8th Avenue acquisition on July 1, 2025, Post updated its fiscal 2025 adjusted EBITDA guidance to a range of $1.46 billion–$1.5 billion, up from the <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">previous range of $1.43–$1.47 billion</a>.
As of March 31, 2025, Post&#8217;s cash and cash equivalents <a target="_blank" href="https://www.benzinga.com/pressreleases/25/05/n45302827/post-holdings-reports-results-for-the-second-quarter-of-fiscal-year-2025-raises-fiscal-year-2025-o" rel="noreferrer noopener">stood at&nbsp;$617.6 million</a>.
Investors can gain exposure to the stock via&nbsp;First Trust Cons. Staples AlphaDEX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXG#NYSE">FXG</a>) and First Trust Horizon Managed Volatility Small/Mid ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSMV#NYSE">HSMV</a>).
Price Action: POST shares closed lower by 0.90% at $109.21 on Tuesday.
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Second Quarter 2025 Outlook
Given trends to date and our expectations for the balance of the quarter, we believe second quarter comparable net sales growth will be towards the higher end of our full-year outlook range of 3% to 5%.
Over the balance of fiscal 2025, the company expects to mitigate the earnings impact of the cost pressures it faces, including higher tariffs. In the near-term, it does expect to see some earnings volatility based on the timing of the various inputs and outputs to the company's financial results. As such, we expect second quarter adjusted EPS from continuing operations could be down as much as 45 to 50 percent year-over-year before re-accelerating in the third and fourth quarters to meet our full-year earnings outlook.

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