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Acquisitions Mergers

SSNLF

Samsung Electronics Co has unveiled the HBM3E 12H, a high-bandwidth memory chip designed to enhance AI systems' performance and capacity. This chip is part of Samsung's efforts to lead in the high-capacity HBM market for AI, reflecting the company's strategic focus on developing advanced semiconductor technologies. Samsung's position as the world's largest producer of dynamic random-access memory chips and its recent strategic moves, including a partnership with Arm Holdings and investment in a new chip packaging facility in Japan, highlight its commitment to maintaining a leading role in the semiconductor industry.

Portfolio Pulse from Benzinga Neuro

February 27, 2024 | 8:44 am

VHAI

Vocodia Holdings Corp has successfully closed its $5.95M IPO, becoming the first company to list on the CBOE's BZX Exchange. The offering included 1,400,000 Units at a price of $4.25 each, with each Unit comprising a share of common stock, a Series A Warrant, and a Series B Warrant. The Series A and B Warrants are exercisable at $5.5250 and $8.5000 respectively.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 7:37 am

IDEXY

PDD

Shein is considering moving its IPO from the U.S. to London due to regulatory challenges with the SEC. The company, originally from China but now based in Singapore, is also looking at other locations like Hong Kong and Singapore for its listing. This decision comes amid a tough year for IPOs in the UK and growing competition from companies like Industria De Diseno's Lefties and PDD Holdings' Temu.

Portfolio Pulse from Benzinga Neuro

February 27, 2024 | 7:34 am

ZAPP

Zapp Electric Vehicles Group reported a significant increase in its FY 2023 net loss to $222.1 million from $3.6 million in the previous year, primarily due to $213.7 million in expenses related to a business combination completed in April 2023. The company's operating loss also widened to $7.8 million from $3.6 million year-over-year.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 6:56 am

Coca-Cola Company (NYSE:KO) is intensifying its focus on India by sending a 220-member leadership team led by CEO James Quincey. The team aims to engage with government officials and bottling partners, crucial for Coca-Cola's operations and growth in India. The company's efforts include meeting the growing demand and expanding into the domestic alcohol market with Lemon-Dou. Additionally, Coca-Cola's subsidiary, HCCB, is optimizing its supply chain in northern India for better efficiency.

Portfolio Pulse from Shomik Sen Bhattacharjee

February 27, 2024 | 5:43 am

COIN

HOOD

NVDA

Cathie Wood's Ark Invest sold shares of Coinbase and Robinhood worth approximately $6.9 million each, and Nvidia shares valued at $2.15 million, amidst a Bitcoin rally surpassing $56,000. The sales occurred through various ARK ETFs, reflecting adjustments in Ark's investment strategy despite previous positive remarks on Coinbase and Nvidia. Additionally, Ark Invest increased its stakes in ROKU, VCYT, TXG, TWST, and NTLA, indicating a bullish outlook on digital media and biotech sectors.

Portfolio Pulse from Benzinga Neuro

February 27, 2024 | 3:45 am

ARKB

BITB

COIN

IBIT

MSTR

Bitcoin surpassed $56K, with Ethereum and Dogecoin also seeing gains as the crypto market cap exceeds $2T. The surge is attributed to factors like spot Bitcoin ETF inflows and positive investor sentiment. Trading volumes for nine spot Bitcoin ETFs hit a record $2.4 billion, with BlackRock's IBIT leading. MicroStrategy expanded its Bitcoin holdings. The S&P 500 and Nasdaq saw declines, while stocks linked to Bitcoin's price, including Coinbase and Microstrategy Inc, surged.

Portfolio Pulse from Mehab Qureshi

February 27, 2024 | 2:59 am

ARKK

NVDA

Cathie Wood, founder of ARK Invest, defended the sale of Nvidia (NVDA) shares by highlighting the fund's early investment in NVDA at around $5 in 2014 and the substantial profits made since then. Despite selling nearly $4 million worth of NVDA shares after a post-earnings rally, Wood emphasized ARK's successful early investment strategy. NVDA shares have surged 236.5% over the past 12 months, significantly outperforming ARK's flagship fund, ARK Innovation ETF (ARKK), which has seen much lower returns. ARK's decision to sell NVDA shares has been criticized, especially as NVDA's value soared, adding $273 billion in a single day after its latest earnings beat.

Portfolio Pulse from Benzinga Neuro

February 27, 2024 | 1:30 am

AJX

RITM

Rithm Capital and Great Ajax have announced a strategic transaction, with Great Ajax also entering a one-year term loan agreement with a Rithm subsidiary for up to $70M. This deal, pending shareholder approval, includes a management agreement where a Rithm affiliate will serve as the external manager for Great Ajax, aiming to pivot its strategy towards commercial real estate investments.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 10:58 pm

APA

CPE

APA anticipates the completion of its acquisition of Callon Petroleum (CPE) around April 1, 2024. Both companies have set March 27, 2024, for shareholder votes on the deal. The Hart-Scott-Rodino Antitrust waiting period expired on February 22, 2024, indicating regulatory clearance.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 10:54 pm