Streetbeat News

Corporate Responsibility

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

GALT

Galectin Therapeutics has $20.4 million in cash and cash equivalents, and an additional $30 million available from a $60 million line of credit provided by its Chairman. This funding is expected to cover planned operations and R&D activities until at least December 31, 2024.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 1:23 pm

TIO

Tingo Group has adjusted its CFO position in response to the Gaza conflict. Amir Ayalon, residing in Israel, has transitioned to a part-time consultancy role due to personal challenges and travel restrictions. Kevin Chen will take over as the Interim CFO.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 1:13 pm

COHN

Cohen & Company, a top U.S. tax and accounting firm, is expanding into Western New York by acquiring Szymkowiak & Associates CPAs and PEAR Consultants. The transaction, which will bring in approximately 25 additional team members and maintain current local leadership, is expected to close in December 2023. This move aligns with Cohen & Company's strategic growth plan and follows a previous expansion to Philadelphia earlier in the year.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 1:09 pm

SONM

Sonim Technologies, Inc. has appointed Mike Mulica as the new Chairman of the Board, replacing Jeffrey Wang, who will continue to serve as an independent director.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 1:05 pm

IPA

ImmunoPrecise's subsidiary BioStrand has published a preprint of its white paper on Biorxiv.org, titled 'New Paradigm For Biological Sequence Retrieval Inspired By Natural Language Processing And Database Research'.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 1:01 pm

ABOS

Acumen Pharmaceuticals, Inc. (NASDAQ:ABOS) has secured a $50.0 million credit facility with K2 HealthVentures. The facility includes a first tranche of $30.0 million, already funded, and a second tranche of up to $20.0 million available upon request and lender approval. The term loan matures on November 1, 2027, with a possible extension to 2028 upon meeting certain milestones. Details will be disclosed in the upcoming quarterly report.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 12:08 pm