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Corporate Responsibility

BNED

IMMR

Barnes & Noble Education shareholders have approved significant equity and refinancing transactions aimed at strengthening the company's balance sheet. The company will receive $95 million in new equity capital through a $50 million equity investment and a $45 million fully backstopped equity rights offering led by Immersion Corporation. Additionally, approximately $34 million of second lien debt will be converted to equity. Shareholders also approved seven directors to serve on the board.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 8:32 pm

CXM

Sprinklr announced that the changes and initiatives it is implementing will take several quarters to show results. This indicates a long-term strategy and potential delayed impact on financial performance.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 8:17 pm

CXM

Sprinklr has appointed Trac Pham as Co-CEO, effective immediately. Pham will continue to serve on the Board and is up for reelection at the 2024 annual meeting. He will partner with Founder and Co-CEO Ragy Thomas to drive growth and scale.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 8:07 pm

AMC

AMC announced the results of its shareholder votes at the annual meeting. The proposal to declassify the board failed, but three directors were elected to the board.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 6:26 pm

RIOT

Riot Blockchain disputes the conclusions of a Kerrisdale Capital report criticizing the Bitcoin mining industry and Riot itself. The company believes its 2024 growth plans and financial performance will prove the report's errors.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 6:15 pm

AGL

Agilon Health shares are trading higher after the company appointed Schwaneke as CFO.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 5:58 pm

ASTS

UFO

XTL

AST SpaceMobile (NASDAQ:ASTS) experienced stock volatility on Wednesday without specific reasons. The company appointed telecom veteran Johan Wibergh to its board and formed a new Network Planning and Spectrum Committee. Recent collaborations include deals with Verizon and AT&T for direct-to-cellular services, challenging SpaceX and T-Mobile's similar agreement. AST SpaceMobile stock has gained 61% in the last 12 months. Investors can also gain exposure through Procure Space ETF (NASDAQ:UFO) and SPDR S&P Telecom ETF (NYSE:XTL).

Portfolio Pulse from Anusuya Lahiri

June 05, 2024 | 5:52 pm

AMZN

The Amazon Labor Union has formally affiliated with the International Brotherhood of Teamsters. Members will vote on ratification in the coming weeks. The new Local 1 will represent approximately 8,000 Amazon warehouse workers.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 5:00 pm

AAL

American Airlines' CEO announced that the company has offered flight attendants a 17% immediate wage increase and a new profit-sharing formula for 2024. While progress has been made in contract negotiations, there is still significant work to be done.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 4:59 pm

DJT

RUM

Former President Donald Trump is set to speak at a private meeting with CEOs, just weeks after his conviction. This event could have implications for companies and platforms associated with Trump.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 4:33 pm