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Corporate Responsibility

MCOM

Micromobility.com Inc. (NASDAQ:MCOM) CEO Salvatore Palella addresses shareholders, outlining strategic initiatives for profitability and market expansion. The company is pivoting to branded retail and profitable sharing services, with significant cost reductions in Q2. They are introducing Long-Term Rentals (LTR) in key cities and integrating fintech payment solutions, with plans to expand retail outlets in various U.S. cities. MCOM is negotiating a loan leveraging IP and pursuing M&A activities, focusing on profitable growth. The CEO acknowledges past challenges, particularly in the media business segment, and emphasizes a commitment to financial sustainability and shareholder value.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 2:17 pm

HIMS

Hims & Hers Health, Inc. (NYSE:HIMS) has launched 'Weight Loss by Hims & Hers', a personalized and affordable weight management program. The program includes medication management, digital tracking tools, and educational content. Obesity medicine expert Dr. Craig Primack has joined as SVP of Weight Management. The program addresses nutrition, behavior, movement, and medical treatment, and offers a holistic approach to weight loss. It is the company's second major category expansion following the launch of Heart Health by Hims.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 2:16 pm

MULN

Mullen Automotive, Inc. has engaged The Basile Law Firm P.C. to review its past financings and provide strategic advice for future funding initiatives. The company emphasizes its commitment to transparency and sustainable growth, and values the support of its active shareholder base. Mark R. Basile, Esq., known for his expertise in securities litigation and improving company operations, is expected to contribute to Mullen's strategic initiatives and core business value.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 2:16 pm

XPOF

Xponential Fitness has agreed to acquire Lindora, a metabolic health brand. The deal includes 31 Lindora clinics becoming Xponential franchise locations and the acquisition of Lindora's intellectual property. Xponential plans to franchise the brand nationally and globally. The acquisition is expected to be accretive to AUV and Adjusted EBITDA immediately. The transaction is set to close in early 2024, with no financial terms disclosed.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 2:03 pm

ATNF

180 Life Sciences Corp. has engaged a financial advisor to explore strategic alternatives to enhance shareholder value. These alternatives could include a sale, merger, business combination, or other strategic transactions. The company has not set a definitive timeline for this process and does not intend to disclose further developments unless its Board of Directors approves a specific action or otherwise concludes the review of strategic alternatives.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 2:01 pm

LWLG

Lightwave Logic, Inc. (NASDAQ:LWLG) issued a shareholder letter providing a corporate update for 2023. The company, which specializes in electro-optic polymers for data transmission, highlighted a transformational year with its first commercial material supply and license agreement for Perkinamine®. Lightwave Logic expanded its laboratory production facilities, added key team members, and fortified its intellectual property with new patents. The company is engaging with tier-1 corporations and has received interest in its polymer modulators for 800G transceiver programs. Lightwave Logic's technology has shown potential in AI markets and datacenter applications. CEO Dr. Michael Lebby will discuss these updates in a fireside chat with Benzinga All-Access hosts.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 1:45 pm

BYON

Beyond, Inc. (NYSE:BYON), the parent company of Bed Bath & Beyond, reported a 24% year-over-year revenue growth during the Cyber 5 sales period. The company also announced a fixed cost restructuring plan aiming to reduce annual costs by $25 million by early 2025. This plan includes a 10% workforce reduction, facility resizing, vendor contract renegotiations, and outsourcing. The savings are expected to start in late Q4 2023, with full annualized savings realized by 2025.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 1:33 pm

SRM

SRM Entertainment has announced its sponsorship of the Global Licensing Industry Holiday Party. No specific financial details or expected impact on SRM's business operations or revenue were disclosed in the article.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 1:32 pm

CX

Cemex, a global building materials company, has surpassed 1,000 heavy-duty trucks powered by lower-carbon fuels, aligning with its Future in Action program aimed at net-zero CO2 emissions by 2050. The company has reduced CO2 emissions by 5% from its fleet and aims to cut third-party transport emissions by 30% by 2030. Cemex unveiled the first fully electric ready-mix truck in the Middle East at COP28 and is collaborating with partners to develop zero-emission vehicles. Renewable diesel and natural gas, which reduce carbon footprint significantly compared to regular diesel, are part of Cemex's transition strategy.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 1:23 pm

OHI

Omega Healthcare Investors, Inc. (OHI) has updated the Operator Updates slide in its investor presentation for the Jefferies Real Estate Conference. The revised slide is available on page 10 of the presentation on the company's website.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 1:20 pm