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OPTT

Ocean Power Technologies (OPTT) announces it is nearing 15MWh of renewable energy production with its PowerBuoy technology. This milestone underscores the company's progress in the renewable energy sector, highlighting the effectiveness and potential of its PowerBuoy systems in generating clean energy.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 12:16 pm

ARQT

Arcutis Biotherapeutics announced that the Journal of Clinical and Aesthetic Dermatology published outcomes of an evaluation by a dermatologist panel on ZORYVE foam, a treatment for seborrheic dermatitis. The panel's review supports its use across all skin and hair types, with eight of nine experts expressing high confidence in prescribing it. ZORYVE's formulation, including Crodafos™ CES, is deemed suitable for diverse patients, including those with previous hair treatments.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 12:08 pm

RVPH

Reviva Pharmaceuticals Holdings, Inc. (RVPH) announced its plan to present new preclinical efficacy data on brilaroxazine for idiopathic pulmonary fibrosis at the 2024 ATS International Conference. The data, derived from an animal model study, will be showcased in a late-breaking poster presentation by the company's CEO, Laxminarayan Bhat, Ph.D.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 12:06 pm

VVX

V2X, Inc. has announced the appointment of Jeremy Wensinger as its new President and CEO. This strategic leadership change aims to steer the company towards future growth and operational excellence.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 12:03 pm

ECPG

Encore Capital Group, Inc. (ECPG) plans to offer $400 million in senior secured notes due 2030 to qualified institutional buyers and non-U.S. persons. The notes will be guaranteed by the company's material subsidiaries and secured by their assets. Proceeds will be used to repay the Global Senior Facility, cover transaction fees, and for general corporate purposes. ECPG also plans to redeem its €350 million senior secured notes due 2025 using these or other funds.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 11:19 am

BITF

Bitfarms has announced the termination of CEO Geoffrey Morphy and is nearing the completion of its search for a new CEO. The company, which is listed on both the NASDAQ and TSX under the symbols BITF and TSX:BITF respectively, is in the process of leadership transition.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 11:02 am

AADR

E

IDGT

Eni S.p.A. (NYSE:E) is planning to spin-off interests in high-potential oil and gas projects to finance its shift towards low-carbon activities. This move is part of CEO Claudio Descalzi's strategy to separate some of Eni's operations into distinct entities, attracting investment from private equity and infrastructure funds. The company recently agreed to combine most of its UK upstream assets with Ithaca Energy plc for a 38.5% stake and aims to sell minority stakes in its biofuel and bio-plastic units, expecting to raise EUR1.3 billion. Exposure to Eni's stock can be gained through Pacer Developed Markets International Cash Cows 100 ETF (NYSE:IDGT) and AdvisorShares Dorsey Wright ADR ETF (NASDAQ:AADR).

Portfolio Pulse from Lekha Gupta

May 13, 2024 | 10:53 am

MITK

Mitek Systems, Inc. announced Scott Carter as Interim CEO starting June 1, 2024, succeeding Max Carnecchia. The Board is searching for a permanent CEO replacement.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 10:32 am

RACE

Ferrari N.V. (RACE) announced its plan to offer unsecured debt securities in benchmark size, subject to market conditions. The proceeds are intended for general corporate purposes. The Notes will rank equally with all other outstanding unsecured and unsubordinated obligations of Ferrari.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 10:16 am