Streetbeat News

Bankruptcy

PZG

Paramount Gold Nevada Corp. has raised concerns about its ability to continue as a going concern, citing potential operational delays or reductions if additional funds are not secured.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 8:29 pm

SPY

Federal Reserve's Bowman stated that the Fed is not responsible for ensuring the survival of every bank. He suggested a deeper examination of deposit insurance, indicating that the $250,000 insurance limit may not be ideal.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 1:51 pm

SCLX

SRNEQ

The U.S. Bankruptcy Court has extended the lock-up period for Scilex Dividend Stock, distributed by Sorrento, to January 31, 2025. This prevents the sale or transfer of these shares until the new date.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 1:15 pm

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CERO

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VTNR

U.S. stocks mostly declined with the Dow Jones falling over 200 points. CERo Therapeutics shares rose 13% after securing financing and requesting an FDA meeting. Capricor Therapeutics and Eightco Holdings also saw significant gains. Vertex Energy filed for bankruptcy, causing a 56% drop in its stock.

Portfolio Pulse from Avi Kapoor

September 25, 2024 | 6:49 pm

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CERO

OCTO

SFIX

VTNR

U.S. stocks showed mixed performance with the Nasdaq Composite gaining, while the Dow declined. Stitch Fix shares plummeted 35% due to poor earnings, and Vertex Energy filed for Chapter 11 bankruptcy, causing a 65% drop in its stock. Capricor Therapeutics, Eightco Holdings, and CERo Therapeutics saw significant stock gains.

Portfolio Pulse from Avi Kapoor

September 25, 2024 | 3:54 pm

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CERO

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OCTO

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VTNR

U.S. stocks mostly declined with the Dow Jones falling over 50 points. Cintas Corporation reported strong earnings, beating expectations and raising guidance. Several stocks experienced significant price movements, including AtlasClear Holdings, Eightco Holdings, and Vertex Energy, which filed for bankruptcy.

Portfolio Pulse from Avi Kapoor

September 25, 2024 | 1:53 pm

VTNR

Vertex Energy has filed for Chapter 11 bankruptcy, leading to a decline in its share price.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 11:59 am

VTNR

Vertex Energy, Inc (NASDAQ:VTNR) has filed for Chapter 11 bankruptcy and secured $80 million in Debtor-In-Possession financing. The company aims to restructure and improve long-term value with the support of its lenders. VTNR shares fell 59.1% premarket.

Portfolio Pulse from Lekha Gupta

September 25, 2024 | 10:58 am

VTNR

Vertex Energy has entered into a restructuring support agreement with its term loan lenders and has commenced Chapter 11 bankruptcy proceedings in the United States Bankruptcy Court for the Southern District of Texas.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 6:48 am

CSLR

SPWR

Complete Solar Holdings, Inc. (NASDAQ:CSLR) has received approval from the U.S. Bankruptcy Court to acquire SunPower's Blue Raven, New Homes, and Dealer businesses for $45 million. The acquisition, expected to close by September 30, 2024, will add 1,000 employees to Complete Solar.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 2:48 pm