### 价差日志 Arbitrage playbook #### Merger & Acquisition - [ ] NPV>NZF 10/29/2026 5% disc - [x] EMX>ELE 11/13/2025 #### Right offering - [ ] NMCO 10/7/2026 8.25/sh, 10% disc - [ ] RIV 9/23/2026 10.49/sh, 10% disc - [ ] PBT pending 28.08/sh, 12.5% disc. Record date 10/13/2026 #### Exchange Uplist - [ ] FRMO pending - [ ] HOM.U/BRSTF 10/14/2026 - [x] VMET 3/5/2026 - [x] ELE 11/24/2025