Together with

Good Morning,

As we head into fall (and Q4 of course), the team at Litquidity has been busy planning a reboot of some our favorite events to bring the community together.

We're kickstarting with our annual LIT Cup Tournament next weekend for Nashville's business, finance, and tech community with an evening happy hour followed by two days of non-stop padel and courtside action.

We're also excited to announce our second edition of the Litquidity × NEXUS Capital Cup on Saturday, October 17 in NYC! Take some time off the grind, sign up with your favorite golf buddy or swing solo for a shot at over $9,000 in prize value against NYC's top finance and tech professionals. You can come through for the vibes too.

We got all the details in our events section below. RSVP and pass it along to friends! We hope to see you guys there 🤝

Q3 estimates were due this week. Extension deadlines are 27 days out. If this is another year of feeling behind, upgrade to OLarry. Year-round tax advisory and filing for complex returns. Never an hourly bill.

Let's dive in.

Before The Bell

As of 9/17/2026 market close.

Learn more about the Litquidity portfolios and subscribe to the strategies on Autopilot.*

Markets

  • US stocks gained in a recovery rally yesterday following the Fed's first rate hike in three years

  • Mozambique and Senegal's eurobonds are up 3% and 2.2% MTD respectively amid progress in IMF restructuring talks while other EM bonds are negative

Earnings

  • Dave & Buster's swung to a loss in Q3 as it struggles to regain relevancy with customers (WSJ)

  • Full calendar here

Prediction Markets

  • For the third time running, markets have no direction on the Fed's rate policy within 30 days of the FOMC meeting

  • Deposit $10 and get a $20 bonus with code LIT on signup, only on the Polymarket US app

Headline Roundup

  • Dario snubbed from Trump-Xi White House state dinner (NYP)

  • China's US Treasury holdings fell to the lowest since 2008 (FT)

  • BOE scraps long-end gilt sales to unwind QE by 2034 (BBG)

  • Rising rates will make PE's bad year a lot worse (WSJ)

  • Wall Street warns trading boom is losing steam (FT)

  • Canadian startups move to US for 'hungrier' VCs (BBG)

  • Bridgewater has "very small position" in AI build out trade (TI)

  • DOJ blasts states legal challenges to major US M&A deals (BBG)

  • Michael Burry joined Minerva as senior advisor for new short fund (RT)

  • KKR passed Partners Group as Europe's top evergreen fund manager (BBG)

  • SpaceX discusses buying data for AI models from failed startups (BBG)

  • Barclays staff revolt over RTO rules (FT)

  • HSBC axes $38,000 school fee perk for new Hong Kong bankers (FT)

  • CalPERS CEO took home a $1M bonus (BBG)

  • OpenAI disclosed new instances of 'concerning model behavior' (CNBC)

  • Glencore suspended a senior executive amid ties to Radiant World (FT)

  • Billionaires line up to bankroll Republicans in elections (FT)

  • Corporate donations to state AGs are setting records this year (WSJ)

  • Travis Kelce fell for $35M Ponzi fraud by Indian illegal immigrant (NYP)

A Message from OLarry

K-1s from multiple funds. A rental in a state you don't live in. Trusts for your kids. Your extension ends October 15. Has your CPA called since April?

OLarry was built for this. OLarry offers year-round Private Client service for individuals and businesses with complex taxes, all for one flat fee.

Go beyond traditional tax filing with:

  • Unlimited strategy: Year-round access, never billed hourly

  • Built for complexity: K-1s, carry and profit interests, multi-state compliance, trusts and corporate entities (S-Corp, C-Corp, Partnerships)

  • US cross-border filings: PFICs, FBAR, Form 5471, and foreign pensions on your U.S. return

  • Zero cross-selling: Never a pitch for annuities, insurance or other financial products

  • Proven track record: Trusted by thousands of high net worth individuals, families and businesses

Deal Flow

M&A / Strategic

  • Exxon is nearing a preliminary deal to invest in Venezuela

  • Apollo is exploring full or partial sale of floating LNG infrastructure provider Energos Infrastructure at an over $3B valuation

  • Carlyle and CVC will acquire Dutch security technology provider BauWatch from German family holding company Haniel at a $1.15B valuation

  • $1B-listed shale oil producer HighPeak Energy is exploring a sale, sources say

  • Blackstone is preparing a disposal of Clarion Events' Asian business in a $600M-$700M deal 

  • UK's Capricorn Energy agreed to revised terms ​of a $396M takeover offer from Norwegian ‌oil firm DNO

  • Brookfield will invest $600M in ACME Cleantech Ventures in its first green fuels investment in India and the Middle East 

  • Botswana may settle for just a 15% stake in diamond monopoly De Beers as Anglo American pursues a sale

VC

  • AI infrastructure provider Crusoe raised a $3.9B Series F at at a $30.9B post-money ​valuation co-led by Atreides, Mubadala, and ​Valor Equity Partners

  • AI agent startup Instinct is in talks to raise $1B at a $10B valuation less than a month after raising $250M at a $2.5B valuation

  • Chinese AI agent startup Manus is in talks to raise $500M at a $4B valuation in its first funding round after being unwound from Meta

  • UK AI voice startup ElevenLabs is in talks to raise $500M from investors including EU's Scaleup Europe Fund

  • D-Robotics, a provider of robotics development infrastructure, raised a $400M Series C from a leading tech firms and VCs 

  • R3 Lithium, a battery recycling and lithium carbonate recovery provider, raised a $15M Series A led by Integral GlobalTech Partners

Access the complete VC deal flow and data on Fundable

IPOs / Listings / Issuances / Block Trades

  • Airtel Africa, the African telecoms unit of Indian conglomerate Bharti Enterprises, may downsize the London IPO of its mobile money business Airtel Money from $1.75B to $800M at a lower $8B-$9B valuation

  • Barings and Farallon Capital-backed European cinema operator Vue is exploring a London IPO or sale at a $2B valuation 

  • Spanish renewable energy company Ignis Energia expects to unveil its $690M IPO plan this month

  • European digital infrastructure group LIAN Group is considering raising $500M in a Europe or US IPO

  • PE firm Advent International will invest $328.5M in Indian hospital operator Yatharth Hospital for a 25% stake

  • Historic Italian gunmaker Beretta launched ‌an offer to boost its stake in US sporting firearm manufacturer Ruger from 10% to 25% at a ​20% premium

  • Istvan Tiborcz's BDPST Group agreed to sell a 20.5% stake in digital bank Granit Bank following an earlier deal to sell down 9.9% as father-in-law and ex-Hungary PM Orban comes under corruption probes

  • Spanish copper manufacturer Cunext Copper Industries is considering an IPO

  • UK fintech Revolut is planning a dual US and London IPO

  • AI note-taking startup Plaud plans to IPO in 2028

  • Ethiopia approved 11 new stock market listings

SPAC / SPV

  • Aethlon Medical surged 400% after announcing an all-stock reverse-merger with biotech North Immunology

Debt 

  • Citigroup raised $12B in its largest-ever dollar bond sale

  • Apollo is in talks boost the size of SoftBank's loan from $5.4B to $9B to help the firm finance its OpenAI investment

  • CoreWeave is seeking to raise $3B in a convertible bond sale 

  • Data center developer CleanSpark is seeking to raise $2.2B in a debut junk-bond sale to fund AI infrastructure tied to Meta

  • A group of banks sweetened terms on a $1.1B financing to fund Intersnack Group's $2.9B acquisition of a stake in Utz Brands 

  • Data center operator GMI Cloud is seeking a $300M loan to buy chips for its facility in Thailand

Bankruptcy / Restructuring / Distressed

  • Bondholders of Brazilian petrochemicals giant Braskem are balking at a restructuring proposal and raising pressure on Petrobras to commit fresh capital after owners Petrobras and IG4 Capital softened language around a previously agreed $11B out-of-court restructuring

Funds / Secondaries

  • Canada's CPPIB and Brookfield launched a $35B Maple Fund to pursue large-scale investments across Canada 

  • Morgan Stanley Investment Management raised $1.3B for a debut growth equity fund

  • Spanish PE firm Portobello Capital raised $815M for its fifth flagship fund

  • Indian family office Dani and Taiwanese VC firm JC Capital launched a $105M India-focused VC fund to back tech and advanced manufacturing startups 

Crypto Sum Snapshot

  • SEC opens market to tokenized stocks 

  • Shareholder revolt hits crypto hoarders after $50B crash

  • AI fuels 440% surge in hackers using blockchains to aid attacks

  • Democrats say they are still committed to passing the Clarity Act

Crypto Sum compiles the most important stories on everything crypto. Read it here.

Upcoming Events⛳️🏌🎾🥂

The Litquidity x NEXUS Capital Cup | Saturday, 10/17 | NYC

  • For the second year running, we're bringing together NYC's best on NEXUS Golf Club's state of the art simulators on Saturday, October 17 for a shot at over $9,000 in prize value and NYC glory. What's at stake: a $500 cash prize, a six month membership to NEXUS with $150 in F&B rewards, twosomes to Manhattan Woods Golf Club, a TrueSpec Club Fitting, and a plethora of other prizes listed on our @palmandparkevents Instagram + event page.

  • Whether you want to grab your favorite golf buddy, be matched with a partner, or simply watch and mingle, there's gonna space for you. Last year's tournament was epic so we hope to see y'all this time around!

The LIT Cup Tournament | Friday, 9/25 - Sunday 9/27 | Nashville

  • The annual LIT Cup is also back at Sensa Padel in Nashville for a weekend of padel, drinks, our favorite DJ, and tournament action among players across four divisions.

  • We're hosting an intimate happy hour for Nashville's tech, finance, and business community on Friday followed by a weekend of nonstop courtside action.

  • This is a great opportunity to connect with industry peers, get in your padel reps, or simply enjoy an atmosphere among Nashville's best at Sensa's incredible riverside complex!

Meme Cleanser

🛒 Merch Store: Visit our merch store to shop our latest apparel, shoes, bags, accessories and more.

💵 Litquidity Ventures: Accredited investors & qualified purchasers within the Litquidity community can gain access to alternative investments such as venture, late-stage growth, and private equity through Litquidity Ventures. Interested? Fill out this form.

☎️ Book a call with Lit: Want to pick Litquidity's brain on business advice, insights, or just chat to say what's up? Buy his time here.

📧 Launch your own newsletter: Have great content ideas and looking to launch your own publication? We highly recommend beehiiv to get started.

*DISCLAIMER: Investment advice provided by Autopilot Advisers, LLC ("Autopilot"), an SEC-registered investment adviser. Past performance does not guarantee future results. Investing carries risks, including loss of principal. As always, be smart out there. Litquidity is compensated to promote AutoPilot. Compensation details available upon request.

Reply

Avatar

or to participate