Streetbeat News

Assets

NNLRF

Nova Net Lease, a Canadian cannabis-focused REIT, reported a slight increase in revenue for Q2 2024. The company achieved a net income of $1.81 million, reversing a loss from the previous year. Despite a working capital deficit, the REIT has implemented a cash retention plan, including suspending distributions and reducing executive compensation, to manage its finances.

Portfolio Pulse from Nina Zdinjak

August 26, 2024 | 2:45 pm

PLYA

Playa Hotels & Resorts N.V. (NASDAQ:PLYA) has announced a binding agreement to sell Jewel Palm Beach for $68 million in cash. The transaction is expected to close in Q3 2024, subject to customary conditions.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 1:01 pm

FEAM

5E Advanced Materials has entered into a securities purchase agreement with an institutional investor, raising $4 million through a registered direct offering. The company will issue shares at $0.75 each and accompanying warrants.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 12:51 pm

BNAI

Brand Engagement Network (BNAI) has secured $5.925 million from a private placement and entered a $50 million standby equity purchase agreement with Yorkville Advisors. This funding will support BNAI's strategic growth and AI production expansion.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 12:32 pm

SMLR

Semler Scientific has purchased an additional 83 Bitcoins for $5 million, increasing its total Bitcoin holdings to 1,012, acquired for $68 million. The company views growing institutional adoption as a positive driver for Bitcoin value and stockholder returns.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 12:15 pm

SBFM

Semler Scientific has purchased an additional 83 Bitcoins for $5 million, increasing its total Bitcoin holdings to 1,012, acquired for $68 million. The company views growing institutional adoption as a positive driver for Bitcoin value and stockholder returns.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 12:06 pm

ETHA

FBTC

FETH

GBTC

IBIT

Bitcoin ETFs saw significant inflows last week, with BlackRock and Fidelity leading the charge, while Grayscale experienced outflows. This surge is linked to potential interest rate cuts hinted by Fed Chairman Powell. Ethereum ETFs faced outflows, but new products still attracted substantial investments.

Portfolio Pulse from Murtuza Merchant

August 26, 2024 | 12:05 pm

RIVN

A fire at Rivian's Illinois plant damaged several vehicles but did not affect the plant itself. No injuries were reported. The plant is Rivian's only operational facility, with plans for a new plant in Georgia currently on hold.

Portfolio Pulse from Anan Ashraf

August 26, 2024 | 11:43 am

GLPG

Ecor1 Capital has reported a 9.9% stake in Galapagos, as disclosed in a 13D filing. This indicates a significant investment interest in the company.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 10:57 am

GPMT

Granite Point Mortgage Trust Inc. (NYSE:GPMT) announced the appointment of Blake Johnson as Deputy CFO by October 28, 2024, and as CFO by December 1, 2024, succeeding Marcin Urbaszek, who is resigning to join a global financial institution.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 10:50 am