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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

PEPL

PepperLime Health Acquisition Corporation (NASDAQ: PEPL) announced its intention to liquidate after failing to complete an initial business combination by January 19, 2024. Shareholders of record as of February 7, 2024, will receive their share of the Trust Account funds on or about February 8, 2024. The company's sponsor waived liquidation rights for its pre-IPO shares, and there will be no distributions for redeemable warrants. The last trading day for PEPL's securities on Nasdaq is expected to be February 7, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 9:20 pm

COF

Capital One Financial reported a 1% increase in period-end total deposits, reaching $348.4 billion.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 9:13 pm

MARA

Marathon Digital Holdings, Inc. (NASDAQ:MARA) stock is trading higher, showing signs of consolidation after a significant selloff in January. The movement correlates with the broader crypto sector's reaction to the SEC's Bitcoin ETF approval and Bitcoin's price fluctuations. Marathon's stock faced resistance above $17 and support around $15.50, with the price at $16.40 at the time of publication.

Portfolio Pulse from Ryan Gustafson

January 25, 2024 | 8:34 pm

GBTC

At Benzinga's Crypto & Blockchain Outlook webinar, experts from Grayscale, Tether, and the Chamber of Digital Commerce discussed the impact of a spot Bitcoin ETF approval on the cryptocurrency market. Tether's co-founder Brock Pierce sees the approval as a positive step for American businesses and investors, while Grayscale's David LaValle remains bullish on the asset class despite expecting outflows from the Grayscale Bitcoin Trust (OTC:GBTC) following its conversion to an ETF. The panel also discussed BlackRock's pivot to embrace digital assets, the SEC's ongoing adversarial stance on cryptocurrency regulation, and the potential role of Bitcoin alongside the dollar.

Portfolio Pulse from Ivan Crnogatić

January 25, 2024 | 8:28 pm

EQNR

Equinor (NYSE:EQNR) has agreed to a swap transaction with bp, gaining full ownership of the Empire Wind lease and projects, and taking over bp's 50% share of the South Brooklyn Marine Terminal lease. In exchange, bp will take full ownership of the Beacon Wind lease and projects. The deal is cash neutral, except for standard settlements. Equinor submitted a bid for Empire Wind 1 in New York's offshore wind solicitation and terminated the OREC agreement for Beacon Wind 1. The transaction will increase Equinor's near-term capital expenditure by approximately $1.2 billion in 2024 and $1.5 billion in 2025, and is expected to result in a reported loss of around $200 million, pending regulatory approval and a positive NY4 solicitation outcome.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 8:05 pm

GBTC

The SEC has postponed its decision on Grayscale's proposal for a spot Ethereum ETF, originally submitted by NYSE Arca on Oct. 10, 2023. The Grayscale Ethereum Trust aims to reflect the value of Ethereum, and the SEC is seeking public input on the proposal's compliance with the Securities Exchange Act of 1934. The SEC is concerned with potential fraudulent and manipulative acts, investor protection, and the correlation between Ethereum spot and futures markets. Public comments are invited within 21 days of the proposal's Federal Register publication, with an additional 35 days for rebuttals. Bloomberg analyst James Seyffart anticipates sporadic delays for spot Ethereum ETFs in the coming months, with the next significant date being May 23rd.

Portfolio Pulse from Murtuza Merchant

January 25, 2024 | 8:04 pm

ZIM

ZIM Integrated Shipping (NYSE:ZIM) has seen an 11.03% increase in short interest since its last report, with 26.23 million shares sold short, representing 27.49% of its float. The short interest is higher than the peer group average of 2.87%. While high short interest can indicate bearish sentiment, it can also be bullish, as covering short positions can drive the stock price up.

Portfolio Pulse from Benzinga Insights

January 25, 2024 | 8:00 pm