Streetbeat News

Assets

NOK

Nokia's mobile networks assets have reportedly attracted interest from Samsung, according to Bloomberg. This development could lead to potential strategic moves in the telecommunications sector.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 1:22 pm

EOSE

Eos Energy Enterprises has achieved key performance milestones, allowing it to draw an additional $30 million from Cerberus Capital Management to fund operations and expand production. This positions Eos to meet growing demand for its energy storage solutions.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 12:41 pm

SLNH

Soluna Holdings, Inc. recently held a groundbreaking ceremony for its Project Dorothy 2 on August 28. This event marks a significant step in the company's expansion efforts.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 12:18 pm

ENSC

Ensysce Biosciences has announced a $5 million registered direct offering and a concurrent private placement, issuing 3.55 million shares of common stock and warrants at $0.47 per share. The proceeds will support the development of their abuse-deterrent opioid PF614-MPAR and other programs.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 12:05 pm

POETF

POET Technologies is reorganizing its engineering team by establishing a Global Engineering Organization in Singapore, led by Dr. Mo Jinyu. This move involves transferring functions from Allentown, PA to Shenzhen and Singapore, aiming for annual savings of $1.8-$2 million.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 11:28 am

JPM

JP Morgan Asset Management is liquidating two ETFs: JPMorgan BetaBuilders U.S. TIPS 0-5 Year ETF and JPMorgan BetaBuilders 1-5 Year U.S. Aggregate Bond ETF. Shareholders will receive proceeds at net asset value around October 25, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 11:10 am

EWA

Australia's private new capital expenditure for Q2 fell by 2.2%, missing the estimated growth of 0.9% and down from a revised 1.9% in the previous quarter. This decline may impact ETFs with exposure to the Australian market, such as EWA.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 4:45 am

X

Nippon Steel plans additional investments at Mon Valley Works and Gary Works as part of its acquisition of US Steel. These investments will extend beyond 2026 and are in addition to a previously announced $1.4 billion capital commitment. The acquisition is expected to close in the second half of 2024, pending regulatory approvals.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 9:04 pm

RAND

Rand Capital Corporation has completed the sale of its portfolio company, SciAps, to Spectris Plc, resulting in $13.1 million in proceeds. This amount exceeds the previous valuation of $10.8 million.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 8:26 pm

SHOP

Deep-pocketed investors are showing significant interest in Shopify (NYSE:SHOP) options, with a mix of bullish and bearish sentiments. The options activity suggests a potential price range of $65 to $90 for Shopify, with notable trades including both calls and puts. Currently, Shopify's stock is down by 3.02% at $72.28.

Portfolio Pulse from Benzinga Insights

August 28, 2024 | 7:31 pm