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Cryptocurrencies like Bitcoin, Ethereum, and Dogecoin show mixed performance as analysts predict significant movements, including a potential Dogecoin pump. US markets see cautious optimism with Nasdaq and S&P futures flatlining ahead of key data, while Waste Management and Goodyear Tire are stocks to watch. Political and economic developments, including US-China tensions and EU climate policy shifts, alongside tech and EV sector updates, including Apple, Google, and Tesla, highlight the global landscape. Elon Musk's activities, from SpaceX Mars plans to Tesla's challenges, also draw attention.

Portfolio Pulse from Akanksha Bakshi

February 12, 2024 | 2:21 pm

SASI

Sigma Additive Solutions, Inc. (NASDAQ:SASI) announced a special meeting for stockholders to vote on changing the company's name to NextTrip, Inc. and increasing authorized common stock shares from 1.2M to 250M. The meeting is set for March 8, 2024, and aims to transition the business focus to travel operations. NextTrip has integrated a scalable travel booking engine, assembled a new management team, and established over 200 direct relationships with travel organizations. The company is preparing to re-activate its travel booking platform and anticipates growth in the travel industry.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 2:14 pm

WISH

ContextLogic announced an agreement to sell substantially all of its operating assets and liabilities to Qoo10 for approximately $173 million in cash, causing its shares to trade higher.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 2:10 pm

JOBY

Joby Aviation Inc (NYSE:JOBY) shares rose after announcing an agreement to launch an air taxi service in the UAE by early 2026, with exclusive rights in Dubai for six years. The company also partnered with Skyports for vertiport sites in Dubai. Joby targets initial operations by 2025. Additionally, Joby has an average 1-year price target of $10, indicating a 56.25% expected upside. Shares were up 8.07% at $6.40 at the time of publication.

Portfolio Pulse from Adam Eckert

February 12, 2024 | 2:07 pm

CEI

Camber Energy, Inc. (CEI) announced a significant advancement in carbon-capture technology through its subsidiary's licensing of the ESG Clean Energy System, which includes nine patents. This system, proven to exceed expectations in recent tests, offers a cost-effective and energy-efficient solution for carbon dioxide capture. With exclusive rights in Canada and multiple U.S. locations, Camber aims to leverage this technology alongside its subsidiary, Simson-Maxwell Ltd., to address the growing carbon capture market, projected to reach $12.9 billion by 2030. The technology aligns with Canada's increasing carbon tax, offering a pragmatic solution for reducing carbon footprints and generating revenue.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 2:06 pm

IGTA

Inception Growth Acquisition Limited (IGTA) has filed a registration statement on Form S-4 for a proposed business combination with AgileAlgo. The terms of the deal have not been disclosed. The registration statement is not yet effective, and details may change, but it offers important information about both companies and the proposed merger.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 2:04 pm

HUBB

Kingswood Capital Management has acquired Progress Lighting from Hubbell Incorporated (NYSE:HUBB). Progress Lighting, a leader in residential and light commercial decorative lighting, will now operate as an independent company under the leadership of CEO Sean Veit. The company is well-positioned for growth in the residential lighting sector, with a strong brand reputation and a diverse product catalog. Kingswood plans to invest in the business to better serve its customers in the new construction and renovation & remodel markets.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 2:04 pm

SAVE

Spirit Airlines Inc (NYSE:SAVE) filed for a mixed shelf offering, allowing for the sale of warrants and the resale of up to 899,560 shares of common stock. This follows a federal judge blocking JetBlue's acquisition of Spirit, a move previously seen as positive for Spirit's financial struggles. Spirit will not receive proceeds from the sale. The potential merger faces a deadline by July, with options to extend or terminate.

Portfolio Pulse from Adam Eckert

February 12, 2024 | 2:02 pm

NOVV

Nova Vision Acquisition Corp. has announced an extension for the period to complete a business combination from February 10, 2024, to March 10, 2024. This extension provides additional time for the completion of the planned business combination.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 2:02 pm

SAP

SAP SE (NYSE:SAP) is undergoing leadership changes with Pekka Ala-Pietila nominated as the new supervisory board member and designated successor to Chairman Hasso Plattner, following a mutual agreement to part ways with Punit Renjen due to differing perspectives. Ala-Pietila, known for his involvement in European innovation, will stand for election for a two-year term. SAP recently reported a 5% revenue growth and a 44% increase in non-IFRS EPS, alongside plans for a company-wide transformation focusing on business AI. SAP shares dropped 1.15% in premarket trading.

Portfolio Pulse from Lekha Gupta

February 12, 2024 | 2:01 pm