Business · Week of Oct 26, 2026
Energy megadeals lead a busy M&A week: the week in business releases
Deals dominated the week: EQT agreed to buy Range Resources, Ovintiv agreed to buy Logan Energy, and several acquisitions and financings closed.
Mergers and acquisitions accounted for most of the week's business releases. In energy, EQT and Range Resources announced an all-stock merger agreement that the companies say creates a natural gas producer with a pro forma enterprise value over $50 billion, while Ovintiv agreed to acquire Logan Energy in an all-cash deal valuing Logan at approximately $890 million (C$1.26 billion). Elsewhere, S&P Global completed its acquisition of OpenZeppelin, GameSquare closed its FanEngine transaction, and Corxel US agreed to go public through a business combination with Amanat Acquisition Corp.
Smaller financings rounded out the week. Peraso announced a $10 million strategic investment from Nant Capital to fund drone communications work, and iQSTEL closed up to $3 million in non-convertible notes tied to West African telecom platform Ultranet. Bank of Marin Bancorp reported third-quarter 2026 net income of $9.9 million, up from $7.5 million a year earlier.
Bank of Marin Bancorp
Bank of Marin Bancorp
Bank of Marin Bancorp reported third-quarter 2026 net income of $9.9 million and diluted earnings per share of $0.62, compared with $9.2 million and $0.58 in the prior quarter and $7.5 million and $0.47 a year earlier. The company says net interest margin expansion, from higher loan yields and reduced deposit costs, largely drove the gains, alongside loan growth that included a loan pool purchase.
Range Resources Corp
EQT Announces Strategic Acquisition of Range Resources,
EQT and Range Resources entered into a definitive merger agreement under which EQT will acquire Range in an all-stock transaction with a pro forma enterprise value over $50 billion. The companies say the combined business will have more than 9 Bcfe/d of net production, more than 30 years of inventory across nearly 3 million net acres and more than 3,700 miles of midstream infrastructure.
Amanat Acquisition Corp.
Corxel US and Amanat Acquisition Corp Announce Definitive Business Combination Agreement to Create Publicly Listed Obesity-Focused Biopharmaceutical Company
Corxel US, a clinical-stage developer of oral obesity and cardiometabolic therapies, agreed to a business combination with SPAC Amanat Acquisition Corp, with the combined company to list on the Nasdaq Capital Market under a new name and ticker. The deal includes approximately $75 million in Amanat's trust account plus commitments for a concurrent PIPE, and the companies say a U.S.-based CEO is expected to be hired prior to or upon closing.
Ovintiv Inc.
Ovintiv Inc.
Ovintiv agreed to acquire Logan Energy in an all-cash transaction valuing Logan at approximately $890 million (C$1.26 billion) including expected net debt at closing. Ovintiv says the deal adds about 420 net oil well locations, about 266,000 net acres in the Montney oil window and approximately 20 MBOE/d of current production near its existing operations.
Peraso Inc.
Peraso Announces $10 Million Strategic Investment from Nant Capital to Accelerate Development and Commercialization of Advanced Drone Communications
Peraso entered into a definitive agreement for a private placement investment of approximately $10 million from Nant Capital, expected to close on or about October 28, 2026. Peraso says the funds will accelerate development and commercialization of its 60 GHz mmWave technology for drone communications, which it says offers low probability of detection and jamming.
S&P Global
S&P Global Completes Acquisition of OpenZeppelin
S&P Global completed its acquisition of OpenZeppelin, which it describes as the security standard for onchain finance. The deal, first announced on September 17, 2026, complements S&P Global's risk assessment capabilities, according to the company.
iQSTEL
IQST - IQSTEL Closes Two-Year Non-Convertible Financing for Ultranet, a Profitable $131 Million-Revenue West African Telecom Platform Expected to Make IQSTEL Cash-Flow Positive on a Consolidated Basis
iQSTEL closed up to $3 million in two-year senior secured, non-convertible promissory notes to finance Ultranet, a West African telecom platform. iQSTEL says Ultranet generated $130.9 million in 2025 revenue, up 30%, with $5.0 million in EBITDA and $4.6 million in net income, and is expected to make iQSTEL cash-flow positive on a consolidated basis.
GameSquare Holdings, Inc.
GameSquare Closes FanEngine Transaction
GameSquare completed its acquisition of sports, music and entertainment IP assets from FanEngine Holdings following stockholder approval on October 22, 2026. The company says it expects 2027 revenue of over $150 million, gross margin above 50% and adjusted EBITDA of more than $30 million.
This roundup is written with AI assistance from the press releases listed above, using only what they state. The releases are the companies' own announcements, not Company Agile reporting.