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IPI

Intrepid Potash has announced a temporary medical leave of absence for its Executive Chairman and CEO, Bob Jornayvaz, due to a previously announced injury. During his absence, CFO Matt Preston will serve as the acting principal executive officer. Additionally, co-founder Hugh Harvey rejoins the board as a Class III Director, and responsibilities of the Chairman have been temporarily delegated to Lead Director Barth Whitham.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 9:38 pm

ADTN

ADTRAN announced its decision to close its Greifswald, Germany facility as part of its Business Efficiency Program, expecting to incur costs between $13.5 million to $18.4 million, including severance, lease exit costs, and accelerated depreciation. These charges will be fully incurred in fiscal year 2024, with cash payments extending into 2025.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 8:50 pm

TWKS

Thoughtworks (NASDAQ:TWKS) has acquired technology and talent from Watchful, including a team of seven and co-founders Shayan Mohanty and John Singleton, to enhance its AI and data solutions. This move aims to solidify Thoughtworks' position as a leading AI transformation partner globally. The acquisition will help expedite AI deployment for clients, providing faster returns on AI investments. Watchful's operations will cease, but existing clients will continue to receive support.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 8:35 pm

HASI

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI) has successfully amended and extended its corporate unsecured credit facilities, increasing the total capacity to $1.625 billion. This expansion includes an increase in the CarbonCount-Based Revolving Credit Facility to $1.25 billion, maintaining the term loan at $250 million, and raising the CarbonCount Green Commercial Paper Note Program to $125 million. The extensions of these facilities aim to address upcoming 2025 maturities and enhance funding flexibility, with interest rate incentives linked to environmental performance metrics.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 8:33 pm

CPT

Camden Property Trust announced the appointment of Alex Jessett as its new President and CFO. This strategic move aims to strengthen the company's leadership team and drive future growth.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 8:31 pm

PRAA

PRA Group, Inc. (NASDAQ:PRAA) has appointed Steve Macke as its global operations officer, effective April 29. Macke, with over three decades of experience in the consumer finance industry, primarily at Citigroup, will oversee PRA Group's call centers, legal recovery, digital, and insolvency operations. His role aims to enhance operational execution, efficiency, customer satisfaction, and employee engagement.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 8:13 pm

SER

Serina Therapeutics has announced the appointment of Simba Gill as its new Executive Chairman. This strategic move aims to leverage Gill's extensive experience in the biotech industry to guide Serina Therapeutics through its next phase of growth and development.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 8:10 pm

MSOS

Adam Wilks emphasizes the importance of education on cannabis, highlighting the platform with Mike, Ric, and Future aimed at informing both users and non-users about safe and legal cannabis purchase through dispensaries nationwide.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 8:03 pm

MSOS

Adam Wilks, from Carma, stated that the company is not seeking to raise capital as it is cashflow positive. The announcement was made in the context of the Cannabis Capital Conference, which is available live for existing subscribers and offers instant access for new users.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 7:52 pm

MSOS

Ryan Burke emphasizes the importance of humility and authenticity in market entry strategies, highlighting these traits as key to long-term success. The context is provided in relation to the Cannabis Capital Conference, suggesting a focus on the cannabis industry.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 7:51 pm