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NVDQ

NVDX

SJIM

SKRE

TSLT

TSLZ

The Northern Lights Fund Trust IV Inverse Cramer ETF (SJIM) is shutting down, with the last trading day on February 13 and liquidation proceeds distribution on February 23. Tuttle Capital CEO Matthew Tuttle cited the lack of investor interest and poor timing with the performance of the 'Magnificent 7' stocks recommended by Jim Cramer as reasons for the closure. Despite the shutdown, Tuttle Capital continues to manage over $200 million in assets with the T-REX product line and has launched new ETFs, including the Tuttle Capital 2X Inverse Regional Banks ETF (SKRE) and leveraged and inverse ETFs for Tesla (TSLT, TSLZ) and NVIDIA (NVDX, NVDQ). Tuttle is also considering leveraged Bitcoin ETFs and has another project announcement planned for April.

Portfolio Pulse from Chris Katje

January 25, 2024 | 11:08 pm

NXU

Nxu has applied for grant funding from the California Energy Commission's National Electric Vehicle Infrastructure Formula Program, aiming to secure a portion of the over $40 million allocated for the deployment of high-powered, direct-current fast charger electric vehicle charging infrastructure.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 10:58 pm

ADAUSD

BNBUSD

DOGEUSD

ETHUSD

IBIT

SOLUSD

XRPUSD

Altcoins have experienced a price drop following the approval of a spot Bitcoin ETF, with analysts viewing the correction as a buying opportunity. The altcoin market cap surged 68.9% since the filing of BlackRock's iShares Bitcoin Trust (IBIT), but Ethereum (ETH) underperformed by -17%. Bitcoin's market cap dominance increased post-FTX collapse, while altcoins' market share decreased. Top altcoins include Ethereum, Binance Coin (BNB), XRP, Dogecoin (DOGE), Cardano (ADA), and Solana (SOL). Analysts predict a potential surge for altcoins after a final high and full reversal to new lows.

Portfolio Pulse from Khyathi Dalal

January 25, 2024 | 10:22 pm

NSTB

Northern Star Investment Corp. II (NSTB) announced it will liquidate its trust account due to its inability to complete a business combination by the January 28, 2024 deadline. The liquidation will distribute approximately $10.48 per share to holders of Public Shares. NSTB expects delisting from NYSE American but intends to continue trading on the OTC Pink post-distribution. The company plans to amend its Charter to remove SPAC provisions and retain the possibility of future acquisitions. Units will separate into Public Shares and Warrants before the Distribution, with no payment for Warrants.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 10:07 pm

BLK

The SEC has approved a Bitcoin ETF, signaling a shift towards mainstream acceptance of cryptocurrencies and potentially increasing institutional investment. Brock Pierce of The Bitcoin Foundation mentioned BlackRock (NYSE:BLK) as one of the institutions providing credibility to this move. The approval is seen as a balance between innovation and investor protection, important for the crypto industry's growth.

Portfolio Pulse from Abbey Higginbotham

January 25, 2024 | 10:06 pm

ESRT

Empire State Realty Trust (ESRT) has signed a new full-floor lease with Greater New York Mutual Insurance Company at the Empire State Building. This deal signifies a positive development for ESRT, indicating the attractiveness of its properties and its ability to secure tenants.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 9:43 pm

HAO

Haoxi Health Technology has announced the pricing of its initial public offering (IPO) of 2.40 million Class A ordinary shares at $4.00 each. The company expects to begin trading on January 26, 2024, under the ticker symbol 'HAO'.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 9:39 pm

GLBS

Globus Maritime Limited (NASDAQ: GLBS), a dry bulk shipping company, has expanded its fleet to seven vessels with the acquisition of the M/V 'Glbs Hero,' a 2024-built Ultramax dry bulk carrier. The vessel, which has a carrying capacity of about 64,000 DWT, was built at Nihon Shipyard Co in Japan and was purchased for approximately $37.5 million. This acquisition was previously announced on May 10, 2022, and increases the company's total carrying capacity to around 517,745 DWT.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 9:37 pm

GRIN

Grindrod Shipping has entered into a contract to sell the 2007-built Handysize bulk carrier, IVS Kingbird, for $10.4 million on January 17, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 9:29 pm

ZEVY

Lightning eMotors, Inc. (OTC:ZEVY) is selling substantially all of its assets for $12.6 million in cash to an undisclosed buyer, as part of a receivership transaction. The sale is subject to court approval and the proceeds will be used to pay the company's creditors. Shareholders will not receive any distributions from the sale, and the buyer does not plan to continue the company's business.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 9:24 pm