Streetbeat News

Corporate Responsibility

FSLY

Fastly has announced a restructuring plan to reduce expenses, including a reduction of its global headcount by approximately 11%. The company estimates it will incur a charge of $9.5 million to $10.0 million in Q3 2024, primarily for severance payments and employee benefits. The headcount reductions are expected to be substantially complete by the end of 2024.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 9:47 pm

HEAR

Turtle Beach CFO and Treasurer John Hanson is set to retire. Korn Ferry has been retained to assist in the search for his successor. Hanson will remain in his role until a successor is appointed and will serve in an advisory capacity post-appointment.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 9:43 pm

ANTX

AN2 Therapeutics announced the discontinuation of its EBO-301 Phase 2/3 study evaluating Epetraborole for treatment-refractory Mycobacterium avium Complex (MAC) lung disease following topline results. The company will shift focus to its internal boron chemistry platform and ongoing pipeline programs. The restructuring and cost savings from discontinuing the study are expected to extend the company's cash runway through 2027.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 9:37 pm

GCT

GigaCloud Technology Inc (NASDAQ:GCT) announced the resignation of its CFO, David Lau, effective August 19, 2024. Erica Wei, VP of Finance, will serve as interim CFO. Lau will remain as an advisor until September 19, 2024 to ensure a smooth transition.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 9:30 pm

CRNX

Crinetics Pharmaceuticals announced that Marc Wilson will be transitioning from his role as CFO for personal reasons. The company has initiated a search for his successor.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 9:14 pm

CUTR

Cutera announced that its Q2 restructuring efforts have resulted in $20 million in annualized expense savings.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 9:10 pm

CLSK

Cleanspark has postponed its Q3 2024 financial webcast. Updated time and webcast details will be provided later.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 9:09 pm

FNA

Paragon 28 has appointed Chadi Chahine as the new Chief Financial Officer and Executive Vice-President of Supply Chain Operations, succeeding Kristina 'Krissy' Wright who has been serving as Interim CFO since April 3, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 8:48 pm

CPRI

Capri Holdings announced that it will not provide financial guidance or host a conference call due to its pending merger with Tapestry.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 8:44 pm

TXG

10x Genomics (NASDAQ:TXG) announced several executive changes. Justin McAnear will resign as CFO effective August 30, and Adam Taich has been appointed as the new CFO effective August 12. Additionally, Mennah Moustafa has been named Chief Commercial Officer effective August 1.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 8:33 pm