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Corporate Responsibility

COIN

Coinbase Global Inc (NASDAQ:COIN) announced a proposed private offering of $1 billion in Convertible Senior Notes due 2030, with an option for an additional $150 million. The proceeds will be used to manage existing debts and for general corporate purposes, including potential acquisitions. Concurrently, CEO Brian Armstrong and top executives sold approximately $64 million worth of Coinbase shares. Despite a year-to-date increase of 47%, COIN shares dropped 2.80% after hours.

Portfolio Pulse from Adam Eckert

March 12, 2024 | 9:07 pm

IMNN

IMUNON announced the resignation of its President and CEO, Corinne Le Goff. Michael H. Tardugno will take over day-to-day leadership until a new successor is appointed.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 9:03 pm

DCOM

Dime Community Bancshares, Inc. (DCOM), the parent company of Dime Community Bank, announced the launch of a National Deposits Group to expand into new deposit-rich verticals. The group, led by Martin Ball, aims to attract low-cost relationship-based deposits across various industries with a focus on expertise, efficiency, and execution. The initiative is part of Dime's growth plan and is expected to serve as a growth engine for its Private and Commercial Bank.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 8:49 pm

WKC

World Kinect Corporation (NYSE:WKC) has agreed to sell the Avinode Group and its aviation software products to CAMP Systems International, a Hearst subsidiary, for about $200 million. The sale is part of WKC's strategy to focus its portfolio and will use the proceeds to repay debt, reducing interest expenses by $10 million annually. The deal is expected to close within 60 days, pending regulatory approvals.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 8:41 pm

EQIX

Equinix announced a leadership transition set for late Q2 2024, with current President and CEO Charles Meyers moving to Executive Chairman. Adaire Fox-Martin, a Google Cloud executive, has been selected as the next CEO. This strategic move aims to steer Equinix into its next growth phase, leveraging Fox-Martin's extensive experience in cloud services.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 8:37 pm

AERT

Aeries Technology, Inc. (NASDAQ:AERT) has entered into a strategic partnership with Quickbase to enhance global technology and innovation. This collaboration aims to streamline operations, enhance productivity, and drive growth across various functions by leveraging India's talent pool and focusing on digital transformation with low/no code technology stacks. The partnership marks a significant step in Quickbase's strategy to become a global driver of technology and innovation, with a new establishment in Bangalore, India.

Portfolio Pulse from Happy Mohamed

March 12, 2024 | 8:32 pm

KOPN

Kopin Corporation (NASDAQ:KOPN) announced significant progress in establishing a 'fabless' OLED display production for defense applications, including forming a partnership in a NATO-member European country and achieving near-zero degradation in brightness performance in initial life testing. The company's strategy focuses on agility and cost-effectiveness by relying on partners for fabrication and deposition, aiming to complete the transition by 2024.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 8:19 pm

RXT

Rackspace Technology announced it will undergo refinancing transactions, receiving $275 million of new money. This strategic financial move aims to improve the company's balance sheet and potentially fuel future growth initiatives.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 8:19 pm

VJET

Voxeljet AG (VJET) announced plans to voluntarily delist its ADSs from NASDAQ and deregister its ADS with the SEC to reduce expenses and strengthen its financial position. The company believes the costs and management demands of NASDAQ listing and SEC compliance do not justify the benefits. The delisting process will start with a Form 25 filing around March 22, 2024, followed by a Form 15 filing to deregister from the Exchange Act, with deregistration expected around April 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 8:18 pm

SKIN

The Beauty Health Company (NASDAQ:SKIN), known for its flagship brand Hydrafacial, has officially appointed Marla Beck as its President and CEO. Beck, who has been serving as Interim CEO since November 20, 2023, and is a member of the Board of Directors, brings extensive experience from her time as the founder and CEO of Bluemercury. Her leadership is expected to drive growth and value for BeautyHealth, leveraging her deep understanding of the beauty industry and track record of building successful brands.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 8:07 pm