Streetbeat News

Assets

BLK

COIN

BlackRock, the world's largest asset manager, is reportedly close to filing an application for a Bitcoin ETF, using Coinbase Custody for the ETF and the crypto exchange's spot market data for pricing. The SEC has previously rejected all spot bitcoin ETF applications but approved several bitcoin futures ETFs.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 1:11 pm

FXI

China plans to boost its agricultural facility construction to aid its economy, according to Bloomberg. This move is expected to benefit the iShares China Large-Cap ETF (FXI).

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 12:56 pm

MULN

Mullen Automotive's stock is trading higher after a letter to shareholders highlighted its $135 million cash position and belief that it's trading at a discount relative to its cash holdings. The company also mentioned its stock has declined 90% since March-end and has received $279 million in purchase orders from Randy Marion Automotive Group.

Portfolio Pulse from Adam Eckert

June 15, 2023 | 12:37 pm

NLS

Nautilus, Inc. (NYSE:NLS) has entered into a securities purchase agreement with an institutional investor for a registered direct offering of 4,098,362 shares at $1.22 per share, totaling $5 million. The offering is expected to close on June 20, 2023. In a concurrent private placement, the company will issue warrants to purchase up to 4,098,362 shares of common stock.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 12:36 pm

SGBX

Safe & Green Holdings Corp. has announced a letter of intent to sell its Lago Vista site for $12.5 million.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 12:31 pm

AAVEUSD

USDTUSD

Tether's stablecoin USDT experienced a temporary de-pegging as the Curve 3Pool became imbalanced, with USDT's balance surging to over 70%. This resulted in USDT trading at around $0.997. The imbalance may be due to direct attacks on Tether or whales attempting to harm Curve positions by shorting USDT on AAVE.

Portfolio Pulse from Murtuza Merchant

June 15, 2023 | 12:15 pm

MRUS

Merus N.V. (NASDAQ:MRUS) has appointed Greg Perry as its new Chief Financial Officer (CFO), succeeding Bill Lundberg. Perry has served on the Merus Board of Directors since May 2016 and has held various senior financial leadership roles in the biotech industry.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 12:05 pm

SIEGY

Siemens AG plans to invest €2 billion in new manufacturing capacity, innovation labs, education centers, and more worldwide. The company will expand its production network and R&D capacities in Asia, including a high-tech factory in Singapore and a digital factory in Chengdu, China. Siemens Mobility will also build a new rolling stock factory in Lexington, North Carolina.

Portfolio Pulse from Nabaparna Bhattacharya

June 15, 2023 | 11:36 am

ESTA

NOG

Earthstone Energy has entered an agreement to acquire Novo Oil & Gas Holdings for $1.5B. Concurrently, Northern Oil and Gas will acquire working interests equal to a pro-rate 1/3 of oil and gas assets of Novo for $500M from Earthstone.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 11:34 am

ESTE

NOG

Northern Oil and Gas (NOG) will acquire a 33.33% undivided stake in Novo Assets in partnership with Earthstone Energy (ESTE) for a net purchase price of $500 million cash. The assets are primarily located in Eddy County, New Mexico and eastern Culberson County, Texas.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 11:33 am