Asset Entities Inc. shares rise 7.50% premarket after Diversified Energy's acquisition of Canvas Energy.

Asset Entities Inc. rose 7.50% in premarket trading, with Diversified Energy expanding its leadership position in Oklahoma through an accretive acquisition of Canvas Energy. This acquisition is expected to deliver approximately 18% and 29% increases in Adjusted EBITDA and Free Cash Flow, respectively, driven by a 13% increase in production while adding proved reserves. The complementary producing assets and adjacent acreage are expected to drive meaningful synergies and asset optimization opportunities.