Streetbeat News

Corporate Responsibility

TSLA

Elon Musk, CEO of Tesla Inc, has claimed that the Cybertruck is safer for both occupants and pedestrians. Musk responded to concerns about the vehicle's safety for pedestrians by expressing high confidence in its safety features. The Cybertruck, with a steel exterior and shatter-resistant armor glass windows, has been demonstrated to withstand various firearm impacts. Tesla has started delivering the Cybertruck and aims to deliver approximately 250,000 units annually by 2025. The vehicle's pricing starts at $60,990, with the premium Cyberbeast model starting at $99,990.

Portfolio Pulse from Anan Ashraf

December 06, 2023 | 3:02 am

NSYS

Nortech Systems has appointed Andrew LaFrence as its new CFO and Senior Vice President of Finance. LaFrence will oversee financial operations, planning, accounting, and relationships with lenders, shareholders, financial community, auditors, and tax advisors.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 10:40 pm

XELA

Exela Technologies has announced the adjournment of its annual meeting, which is now scheduled to reconvene on December 29, 2023. No reasons for the adjournment or details about the agenda for the reconvened meeting have been provided in the article.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 10:33 pm

CX

Cemex, a global building materials company, has introduced the first fully electric ready-mix concrete truck in the Middle East at COP28 in Dubai. This move aligns with the company's commitment to sustainability and reducing carbon emissions in the construction industry.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 10:25 pm

GBNH

Greenbrook TMS Inc. has secured an additional $2.5 million in senior secured term loans from Madryn Asset Management under its credit facility, bringing the total outstanding amount to approximately $72 million. The amendment allows Madryn to convert up to $227,273 of the new loan into common shares at $1.90 per share. The funds are intended for general corporate and working capital purposes, and the company is exploring more financing options for future liquidity. The transactions are considered related party transactions but are exempt from certain requirements due to their size relative to the company's market capitalization.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 9:34 pm

ZLS

Eco Modular, specializing in sustainable modular building manufacturing, is set to go public through a merger with Zalatoris II Acquisition Corp. (NASDAQ: ZLS). The deal values Eco Modular at $600 million and is expected to provide up to $66 million in cash for growth. The merger will result in Eco Modular being listed on NASDAQ under the ticker EMOD, with the closing anticipated in Q1 2024. This move taps into the growing sustainable construction market, which is expected to significantly expand in the US and Europe by 2030.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 9:31 pm

ASPN

Aspen Aerogels, Inc. (ASPN) announced a commercial award from The Automotive Cells Company to supply the Stellantis STLA Medium vehicle platform with PyroThin EV Thermal Barriers, starting production in 2025. Additionally, Aspen updated on its U.S. Department of Energy Loan Programs Office application, confirming it has moved to the due diligence phase for a loan to build a second manufacturing facility in Georgia. However, this does not guarantee further progress or loan approval.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 9:22 pm

CANC

President Biden announced a $240 million investment to support cancer research through ARPA-H, as part of the Cancer Moonshot initiative. This funding aims to enhance cancer prevention, detection, treatment, and survival. The investment is expected to drive innovation and could benefit companies developing cancer treatments. The Tema Oncology ETF (CANC) is highlighted as a way for investors to engage in oncology-focused investments and potentially benefit from the initiative's progress.

Portfolio Pulse from Johnny Rice

December 05, 2023 | 9:17 pm

AAMC

Altisource Asset Management Corporation (AAMC) has announced the departure of its Interim CEO, Danya Sawyer. The company expects to announce a successor within the next 30 days.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 9:08 pm

CHEK

Yoav Kimchy, founder and former CTO of Check-Cap Ltd. (NASDAQ:CHEK), has issued an open letter urging shareholders to vote against the merger with Keystone Dental and in favor of the Symetryx Board of Directors nominees. Symetryx continues to advocate for voting against the Keystone Dental transaction, arguing it undervalues Check-Cap's intellectual property and does not maximize shareholder value. Symetryx has hired Mackenzie Partners, Inc. as an advisor and encourages shareholders to contact them for more information.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 8:56 pm