Streetbeat News

Corporate Responsibility

PSHG

Performance Shipping Inc. (NASDAQ:PSHG) has refinanced its existing loan facility by entering into a new revolving credit facility of up to $20M with Nordea Bank. The new loan extends the maturity date to 5 years from the signing of the agreement. The proceeds will be used to pay off the currently outstanding debt of $18.8M under the previous loan agreement and for the company's general corporate and working capital requirements. The new loan will mature in 2028 and will be repayable in quarterly instalments of $833,332 for a period of 5 years.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 1:47 pm

SDOT

Sadot Group Inc. (NASDAQ:SDOT) has released a Corporate Update outlining significant milestones achieved during the last 8 months, including operational guidance. The company has positioned itself as a global supply chain organization focused on sustainable foods and feeds. CEO Michael Roper expressed pride in the company's growth and expansion into the global food market, attributing it to the efforts of its people and partners, and the support of its shareholders.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 1:07 pm

ALTO

Alto Ingredients has announced the appointment of Bryon McGregor as President and CEO, succeeding Michael Kandris from August 1. Robert Olander has also been appointed as CFO.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 12:47 pm

NXST

The CW Network has extended the contract of its President, Dennis Miller, through 2027. Miller joined the network in 2022 after its acquisition by Nexstar Media Group, Inc. (NASDAQ:NXST). Under Miller's leadership, the network has implemented a new programming strategy, adding live sporting events and new entertainment shows. By 2025, the network plans to carry over 400 hours of sports programming over 48 weekends.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 12:30 pm

ACRDF

ACRHF

CGC

Acreage Holdings, Inc. announced that Kevin Murphy, chairman of the board, and Brian Mulroney, board member, will step down from their roles effective August 4, 2023. CEO Dennis Curran will assume the role of chairman. The company is streamlining its governance structure in preparation for its strategic arrangement with Canopy Growth Corporation and Canopy USA, LLC. The company plans to reduce its number of required board members to three.

Portfolio Pulse from Vuk Zdinjak

August 07, 2023 | 12:03 pm

FFNTF

4Front Ventures Corp. (OTCQX:FFNTF) (CSE:FFNT) announced that CFO Keith Adams will leave the company effective July 31, 2023. Nicole Frederick will assume the CFO position on an interim basis. The company has recently reduced its annualized cost structure by approximately $9 million.

Portfolio Pulse from Vuk Zdinjak

August 07, 2023 | 11:49 am

HSBC

HSBC's head of public affairs, Sir Sherard Cowper-Coles, has apologized for criticizing the UK's compliance with US-China business restrictions. He had previously accused the UK government of being 'weak' for complying with US demands to cut back business dealings with China. These comments were made during a private discussion and were his personal views, not reflecting the views of HSBC or the China-British Business Council.

Portfolio Pulse from Benzinga Neuro

August 07, 2023 | 9:00 am

META

Meta Platforms Inc. CEO Mark Zuckerberg has expressed skepticism over Elon Musk's choice of a streaming platform for their anticipated cage fight, suggesting a 'more reliable platform' should be used. Zuckerberg may be hinting at Facebook or Instagram, both of which have built-in fundraising features. Musk responded by pointing out recent outages on Meta's platforms. The cage fight, proposed as a charity event for veterans, has been making headlines since June.

Portfolio Pulse from Ananya Gairola

August 07, 2023 | 3:42 am

DOGE-USD

Elon Musk has pledged to cover the legal expenses of users who face unfair treatment from employers due to their posts or likes on Twitter, now rebranded as 'X'. This announcement has attracted attention from various figures including Donald Trump Jr. and Dogecoin co-founder, Billy Markus. This comes after X Corp filed a lawsuit against the Center for Countering Digital Hate (CCDH), an organization critiquing the platform's handling of hate speech.

Portfolio Pulse from Ananya Gairola

August 07, 2023 | 2:01 am

DIS

The NBA's Orlando Magic made a donation to the Never Back Down PAC, affiliated with Florida Governor Ron DeSantis, drawing attention from the National Basketball Players Association. The donation was made on behalf of the team, not the team's owners, which the association found alarming. The Magic are owned by the DeVos family, with Betsy DeVos, former secretary of education appointed by President Donald Trump, married to co-owner Dick DeVos. The Walt Disney Company (NYSE:DIS), an NBA media rights partner, has an ongoing feud with DeSantis.

Portfolio Pulse from Chris Katje

August 05, 2023 | 5:30 pm