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BURU

NUBURU, Inc. (NYSE:BURU) has secured $65 million in financing from Liqueous LP, including a $15 million direct investment and a $50 million equity line of credit. This funding will help accelerate the commercialization of their industrial blue laser technology.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 6:00 am

SOBR

SOBRsafe has successfully raised $8.2 million through a private placement with institutional investors. This capital infusion is likely to support the company's growth and operational strategies.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 5:24 am

PATK

Patrick Industries has increased its private offering to $500 million in 6.375% Senior Notes due 2032, up from the previously announced $400 million. The proceeds will be used to redeem existing notes, repay borrowings, and cover related expenses.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 5:12 am

PANL

Pangaea Logistics Solutions Ltd. (NASDAQ:PANL) has announced an agreement to purchase the remaining 50% equity of its subsidiary, Nordic Bulk Partners LLC, from HS Nordic LLC for $17.2 million in cash. This acquisition will give Pangaea full ownership of Nordic Bulk Partners, which was initially a joint venture for constructing Ice Class 1A Post-Panamax dry bulk vessels. The transaction is expected to close by November 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 8:35 pm

CALM

Cal-Maine Foods, Inc. (NASDAQ:CALM) has approved $40 million in capital projects to expand its cage-free production capabilities. The projects will add five new cage-free layer houses across several states, increasing capacity by 1 million hens by late summer 2025. Additionally, the company is converting former Tyson Foods facilities in Missouri to further boost production.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 8:10 pm

EDUC

Educational Development Corporation (NASDAQ:EDUC) has extended its credit agreement with BOKF, pushing the maturity date to January 4, 2025, and requiring a reduction in the revolving loan to $5.5 million by November 30, 2024. Additionally, EDUC has entered into a contract to sell its headquarters and distribution warehouse, expected to close by January 4, 2025.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 8:03 pm

BDTX

Black Diamond Therapeutics is restructuring to focus on advancing BDTX-1535 for EGFRm NSCLC, aiming for key milestones in Q1 2025. The company will deprioritize BDTX-4933 and seek partners, with cost savings expected to extend their cash runway into Q2 2026.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 8:02 pm

PYPL

Significant options activity has been detected for PayPal Holdings (NASDAQ:PYPL), with a majority of investors showing a bullish sentiment. This unusual activity suggests potential upcoming movements in PYPL's stock price, with a targeted range of $45 to $100. The current stock price is $79.82, and the next earnings report is due in 23 days.

Portfolio Pulse from Benzinga Insights

October 07, 2024 | 6:45 pm

SPY

Federal Reserve's Neel Kashkari indicates that the Fed's balance sheet reduction is ongoing. He identifies underbuilding, supply chain disruptions, labor shortages, and the rise of remote work as key contributors to housing inflation.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 6:31 pm

USGO

U.S. GoldMining shares rose following the announcement of an updated Mineral Resource Estimate for its Whistler Gold-Copper project in Alaska.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 6:31 pm