Streetbeat News

Acquisitions Mergers

ICCT

iCoreConnect shares are trading lower following the company's announcement of acquiring substantially all assets of the Healthcare Circle of Excellence.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 12:45 pm

ATNF

180 Life Sciences shares are trading higher following the issuance of 1 million shares of Series B convertible preferred stock and warrants to purchase 3 million shares to acquire Advanced Gaming Technology Platform.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 12:43 pm

HWM

OGN

PSQ

CNBC's 'Final Trades' featured Organon, Howmet Aerospace, and ProShares Short QQQ. Organon is acquiring Dermavant Sciences, boosting its immunodermatology portfolio. Howmet Aerospace reported strong Q2 results and raised its financial outlook. ProShares Short QQQ saw a slight decline.

Portfolio Pulse from Avi Kapoor

October 03, 2024 | 12:43 pm

ATNF

180 Life Sciences Corp. (NASDAQ:ATNF) has announced the acquisition of an advanced gaming technology platform, marking a strategic shift into the iGaming market. The company has also made progress on its CBD formulation and strengthened its balance sheet by settling liabilities. The acquisition is expected to help meet Nasdaq's listing requirements and provide a competitive edge in the blockchain casino market.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 12:40 pm

ICCT

iCoreConnect Inc. (NASDAQ:ICCT) has acquired the assets of the Healthcare Circle of Excellence, enhancing its position in the healthcare sector. This strategic acquisition aims to provide comprehensive solutions to healthcare practices, fostering independence and financial success.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 12:35 pm

FYBR

VZ

Verizon Communications Inc. (NYSE:VZ) plans to acquire Frontier Communications Parent, Inc. (NASDAQ:FYBR) for $20 billion. Verizon offers a 6.02% annual dividend yield, translating to $2.71 per share annually. To earn $500 monthly from dividends, an investment of approximately $99,741 is needed. Verizon's stock fell 0.4% to $45.05, but Tigress Financial raised its price target to $55.

Portfolio Pulse from Avi Kapoor

October 03, 2024 | 12:26 pm

SLNH

Soluna has reached significant milestones to access a $25 million growth capital line, allowing for the prepayment of convertible notes and the expansion of its AI data center. The company has amended agreements with its Series B preferred stockholder to utilize a standby equity purchase agreement with Yorkville Advisors.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 12:06 pm

PIRS

Palvella Therapeutics, the merger partner of Pieris Pharmaceuticals, has received a grant of up to $2.6 million from the FDA's Office of Orphan Products Development. This grant will support the Phase 3 SELVA trial of QTORIN 3.9% Rapamycin Anhydrous Gel for treating Microcystic Lymphatic Malformations.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 11:42 am

LEVI

Levi Strauss & Co shares declined following disappointing Q3 sales results and a FY24 adjusted EPS guidance midpoint below estimates. The company is reviewing strategic options for its Dockers brand, including a potential sale.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 11:39 am

GDTC

CytoMed Therapeutics has acquired the license and assets of Cellsafe International, a Malaysian cord blood bank. This acquisition includes a cord blood banking license, cryopreservation equipment, and real estate, enhancing CytoMed's cell therapy strategy.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 11:34 am