Fox Factory completes USD 225 million sale of Marucci Sports to investor group led by management

Bitget2026/09/25 20:10

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Fox Factory completed the sale of Wheelhouse Holdings, parent of Marucci Sports, to Squared Up Holdings for an enterprise value of USD 225 million.
Consideration includes USD 200 million cash at closing, subject to adjustments, applied in full to repay credit-facility borrowings.
A USD 25 million unsecured subordinated convertible promissory note matures Dec. 31, 2026; unpaid balances can be converted into equity.
Net leverage fell to about 2.7x from 3.7x, based on a pro forma July 3, 2026 closing assumption.
Annualized interest expense is expected to drop about USD 16 million, rising to about USD 17 million once the note is paid.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fox Factory Holding Corp. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202609251610PRIMZONEFULLFEED9834307) on September 25, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

According to media reports, Anthropic is considering renting up to 1GW of computing power from Stream Data Centers. The data center developer indicated that deploying a full 1GW of computing power would require an investment of at least 40 billion USD. Anthropic needs to provide financial guarantees for this lease and separately raise funds for the installed chips.

华尔街见闻•2026/09/25 22:06

With US Treasury yields rising and expectations of further rate hikes, bitcoin has surged 45% since July.

AiCoin•2026/09/25 21:51

Meta lost the lawsuit and may face a record fine of up to 219 billions dollars.

Meta lost a lawsuit in New Mexico, USA. The jury found that Meta engaged in deceptive practices regarding public communications and data privacy policies, violating state laws. The New Mexico Attorney General described the verdict as a "milestone moment" in holding tech giants accountable and will petition the court to impose a maximum civil fine of $219 billion on Meta. Meta stated that it disagrees with the verdict and will continue to defend itself.

华尔街见闻•2026/09/25 21:41