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The Ledger Signal
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Jordan Hayes

Markets editor tracking macro trends and their impact on finance operations.
Inspired Entertainment Amends 2025 Annual Report; CFO and CEO File New Certifications
CFO Moves
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Pyrophyte Acquisition Corp. Files Long-Delayed Q2 2025 Financials After 11-Month Lag
Executive Briefs
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Amanat Acquisition Corp. Finalizes SPAC Offering Infrastructure and Private Placement
Executive Briefs
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Crown PropTech Amends Business Combination Agreement; F&A Teams to Face Updated Deal Terms
Executive Briefs
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Oceanhawk Acquisition Corp. Increases Offering Size via Rule 462(b) Registration
Executive Briefs
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Red Cat Holdings Completes Material Acquisition; Discloses Unregistered Equity Issuance
M&A
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Bank First Corp Enters Into Material Merger Agreement; Files Specific Acquisition Terms
M&A
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Plum Acquisition Corp. IV Amends Business Combination Agreement
M&A
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Iron Horse Acquisition II Corp. Amends Merger Agreement with Electra Vehicles
M&A
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XOMA Royalty Corp Enters Into Material Definitive Agreement; Acquisition Likely Underway
M&A
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Information Asymmetry in Equity Markets Costs Economy $180 Billion Annually in Lost Investment, Wharton Study Finds
Analysis
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Amazon Overtakes Walmart as America’s Largest Company After 13-Year Reign
Analysis
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Information Asymmetry in Equity Markets Costs Economy $180 Billion Annually, Wharton Study Finds
Analysis
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Space Startups Test VC Patience With Decade-Long R&D Cycles and €1bn Capital Burn
Analysis
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Wharton Research Reveals ‘Correlation Neglect’ Driving Systematic Mispricing in U.S. Stock Markets
Analysis
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DoorDash Stock Climbs Despite Q4 Miss as Unit Economics Improve
Analysis
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