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CSLR

SPWR

SunPower Corporation (NASDAQ:SPWR) shares are trading lower after the company received a Nasdaq delisting notification due to non-compliance with listing rules and filing for Chapter 11 bankruptcy. Trading on Nasdaq will be suspended on Aug. 16, 2024, and the stock will move to the Pink Open Market. SunPower has also entered an asset purchase agreement with Complete Solaria, Inc. (NASDAQ:CSLR).

Portfolio Pulse from Erica Kollmann

August 13, 2024 | 3:19 pm

FOUR

Shift4 Payments, Inc. (NYSE:FOUR) announced the pricing of $1.1 billion aggregate principal amount of 6.750% senior notes due 2032. The notes are priced at par value and will bear an interest rate of 6.750% per annum. The offering is expected to close on August 15, 2024, subject to customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 2:52 pm

CORZ

Core Scientific Inc (NASDAQ:CORZ) shares are trading lower after the company announced a proposed $350 million convertible senior notes offering. The notes will mature in 2029 and the proceeds will be used to repay outstanding loans and redeem senior secured notes due 2028.

Portfolio Pulse from Adam Eckert

August 13, 2024 | 1:16 pm

ISPO

Inspirato has announced a $10 million capital infusion and appointed Payam Zamani as the new CEO and Chairman.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 1:01 pm

BTCUSD

ETHUSD

Bitcoin and Ethereum ETFs saw small net inflows on Monday, with Bitcoin ETFs reporting a daily net inflow of $27.87 million and Ethereum ETFs a more modest $4.93 million. The cumulative total net inflow for Bitcoin ETFs reached $17.37 billion, while Ethereum ETFs showed a negative trend at -$401.01 million. The crypto community is optimistic about a potential bull run, with predictions of significant price movements for Bitcoin, Ethereum, and Solana.

Portfolio Pulse from Murtuza Merchant

August 13, 2024 | 12:47 pm

UAMY

United States Antimony Corporation (UAMY) has acquired full ownership of 97 mining claims and 3 leases in Ontario's Sudbury District. This acquisition targets critical minerals such as cobalt, nickel, copper, and bismuth, aligning with Canada's billion-dollar plan to boost its critical minerals sector.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 12:06 pm

URGN

UroGen Pharma ended Q2 2024 with $241.3 million in cash, cash equivalents, and marketable securities.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 12:04 pm

CING

Cingulate Management plans to seek additional capital through various means, including non-dilutive capital via potential licensing opportunities both inside and outside the US, as well as additional equity or debt capital.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 11:49 am

CING

Cingulate had $0.4M in cash and cash equivalents. On July 1, 2024, Cingulate received net proceeds of $1.6M from a warrant inducement. Management believes this cash will support operating and development costs late into Q3 2024.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 11:48 am

NRXP

NRx Pharmaceuticals has secured up to $16 million in convertible debt financing from an institutional investor. The funds will support the 2024 New Drug Application filing for its two lead products, NRX-100 and NRX-101, and will also be used to retire existing debt from Streeterville Capital.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 11:36 am