Streetbeat News

Corporate Responsibility

IDT

Tori Samples, Senior Product Manager at Stellar Development Foundation, will speak at Benzinga's Future Of Digital Assets conference. She discusses the role of blockchain in providing financial services to displaced and marginalized populations. Samples highlights the success of Boss Money, a digital wallet for refugees and migrants in Africa, which was acquired by IDT Corporation in 2022. She also mentions Stellar Aid Assist, a tool for humanitarian organizations to send funds efficiently using blockchain technology. Samples emphasizes the importance of focusing on user benefits rather than the technology itself for wider adoption.

Portfolio Pulse from Tori Samples

November 13, 2023 | 3:36 pm

DIS

VZ

Verizon has launched 'Wish on a StAR,' a web-based AR experience in collaboration with Toys for Tots, coinciding with the release of Disney's movie 'Wish.' The AR experience allows users to donate to local Toys for Tots chapters by interacting with a virtual night sky. Verizon will also make a monetary donation and has offered tickets to an advanced screening of 'Wish' for certain purchases at its stores. The initiative aims to support underprivileged children during the holiday season.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 3:03 pm

XPO

XPO Logistics, a leading North American freight transportation provider, has been recognized for its commitment to military hiring. It was named one of Military.com's Top 25 Employers for Veterans and earned the 2024 Military Friendly® Employer Status with a Silver ranking from Viqtory. XPO has a dedicated recruiting team for veteran employment and will sign a commitment with the U.S. Army PaYS program to further support the military community.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 3:02 pm

HOLI

A buyer consortium led by Recco Control Technology and Dazheng Group is urging Hollysys Automation Technologies Ltd. (HOLI) to proceed with a transparent sale process. The consortium, which includes TFI Asset Management and Great Wall Capital, has offered $26.50 per share, valuing Hollysys at approximately $1.64 billion. They request the Special Committee to evaluate this offer and allow due diligence. Shareholders holding over 30% of Hollysys, including Ascendent Capital Partners with 13.7%, demand a special meeting. The consortium is concerned about the board's refusal to convene this meeting and questions the directors' accountability.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 2:59 pm

BSFC

SYY

Blue Star Foods Corp. (BSFC) has entered into a 2-year bid award purchase agreement with Sysco Corporation (SYY) to supply its sustainable seafood brands. The agreement is effective immediately and includes Blue Star's brands such as Blue Star, Pacifika, and Good Stuff. CEO John Keeler expressed confidence in gaining market share in 2024 due to the partnership and Sysco's strategic sourcing capabilities.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 2:18 pm

FTHM

Fathom Holdings Inc. has announced the appointment of Marco Fregenal as its new CEO, succeeding Joshua Harley. Additionally, Scott Flanders has been named as the Chair of the Board. These leadership changes could signal a new strategic direction for the company.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 2:12 pm

FREY

Freyr Battery (NYSE:FREY) shares rose after a shareholder letter detailed plans to generate long-term value, including redomiciling from Luxembourg to the U.S., taking minority positions, diversifying technology, and pursuing partnerships. Management and board members plan to buy more FREY stock, signaling confidence in the company's future as a clean battery solutions producer.

Portfolio Pulse from Adam Eckert

November 13, 2023 | 2:03 pm

C

Citi's Issuer Services, through Citibank, N.A., has been appointed as the Depositary Bank for Will Semiconductor Co., Ltd. Shanghai's GDR Program. The GDRs, priced at $14.35 each, are listed on the SIX Swiss Exchange under 'WILL' and represent one A share of Will Semiconductor, which trades on the Shanghai Stock Exchange. Citi, a leader in depositary receipt services, expects increased participation in the Connect Scheme and provides cross-border capital market access.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 2:03 pm

TGL

Treasure Global Inc (NASDAQ:TGL) has announced a Lock-up Agreement with major shareholders, holding 36.40% of the company's outstanding shares, to stabilize stock prices and boost investor confidence. The agreement prevents the sale of these shares for one year starting November 10, 2023, with certain exceptions allowed.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 1:36 pm

AHTR

EPRT

JBGS

WELL

Essential Properties Realty Trust, Inc. (EPRT) announced the retirement of Chairman Paul T. Bossidy, effective December 31, 2023, and the appointment of Scott A. Estes as the new Board Chair. Bossidy's retirement is not due to any disagreement with the company's operations or practices. The Board will be reduced from eight to seven members. CEO Mavoides praised Bossidy's contributions and expressed confidence in Estes, who has extensive REIT industry experience and has served in leadership roles at Welltower, Inc. (WELL) and is involved with JBG SMITH Properties (JBGS) and American Healthcare REIT (AHTR).

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 1:25 pm