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Assets

BYON

Beyond, Inc. has seen a 75% decline in its stock price under Executive Chairman Marcus Lemonis. The company's market cap is now $135 million, making it a potential acquisition target or candidate for a stock buyback. Its blockchain assets, tZERO and Medici, are more valuable than its retail operations.

Portfolio Pulse from

November 13, 2024 | 8:45 am

PDI

PIMCO's Dynamic Income Fund (PDI) is trading at a 14.01% premium to its NAV, which may be concerning for investors. The fund benefits from high yield bonds in a low interest rate environment but has been returning capital, potentially impacting NAV sustainability.

Portfolio Pulse from

November 13, 2024 | 8:45 am

AMXEF

Amex Exploration Inc. has released a Preliminary Economic Assessment (PEA) for its Perron gold project, showing a pre-tax IRR of 59.5% and an NPV of C$948 million at a gold price of US$2,000/oz. The project is expected to produce an average of 124,000 oz of gold annually for the first five years of a ten-year life of mine.

Portfolio Pulse from

November 13, 2024 | 8:30 am

GRUB

Just Eat Takeaway.com NV has sold its US-based business, Grubhub, to Wonder Group Inc for $650 million, significantly less than the $7.3 billion it paid three years ago. The deal includes net cash proceeds of up to $50 million and the transfer of $500 million in Grubhub senior bonds.

Portfolio Pulse from

November 13, 2024 | 8:15 am

KFFLF

KEFI Gold and Copper PLC is considering exiting Saudi Arabia by selling its stake in a joint venture with ARTAR. The company will not contribute $10 million to maintain its 25% stake, indicating a potential sale of its interests in the region.

Portfolio Pulse from

November 13, 2024 | 7:45 am

UPST

Upstart has announced the pricing of a $425 million offering of 1.00% convertible senior notes due in 2030. This move is likely aimed at raising capital for future growth and operations.

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November 13, 2024 | 4:30 am

PTZIF

PATRIZIA, a major European real estate and infrastructure investment manager, is focusing on high-growth infrastructure assets. Despite a 60% share price decline since 2022, the company is expected to recover as market conditions improve, supported by a strong balance sheet and positive analyst targets.

Portfolio Pulse from

November 13, 2024 | 4:30 am

KWE

KWESST Micro Systems Inc. has successfully closed a CAD$3.4 million private placement in the US, issuing 4,145,200 pre-funded warrants to an institutional investor.

Portfolio Pulse from

November 13, 2024 | 3:15 am