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UFPT

UFP Technologies, Inc. (NASDAQ:UFPT) announced Mitchell Rock's appointment as President, with R. Jeffrey Bailly continuing as Chairman and CEO. Rock, previously President of the MedTech business, is recognized for his significant contributions and strategic insights within the company and industry. His new role expands his leadership to include the Advanced Components business.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 2:20 pm

GMGI

Golden Matrix Group Inc. (NASDAQ:GMGI) announced a Special Meeting of Shareholders on March 19, 2024, to vote on the acquisition of the MeridianBet Group. The meeting will be virtual, and shareholders as of January 31, 2024, are eligible to vote. Shareholders are encouraged to vote early via methods described in the E-proxy notice.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 2:20 pm

NUWE

Nuwellis has published data showcasing the potential of its Aquadex SmartFlow system's Aquapheresis therapy for treating end-stage liver disease patients with fluid overload. This development could significantly impact the treatment options available for such patients, highlighting the company's innovation in medical technology.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 2:06 pm

DELL

INTC

LNVGF

Lenovo's shares plummeted nearly 10% following a Newsweek article citing China Tech Threat's advice to ban Lenovo PCs in the U.S. due to espionage risks. This has raised concerns about Lenovo's future in its largest market, North America, which accounts for 36% of its revenue. Additionally, Intel's lower-than-expected revenue forecast has sparked fears of a PC demand slowdown, potentially impacting Lenovo. There's speculation that Dell, a major rival and financial backer of China Tech Threat, might be influencing these developments to harm Lenovo.

Portfolio Pulse from The Bamboo Works

February 06, 2024 | 2:03 pm

DELL

INTC

LNVGF

Lenovo's shares plummeted nearly 10% following a Newsweek article citing China Tech Threat's advice to ban Lenovo PCs in the U.S. due to espionage risks. This has raised concerns about Lenovo's future in its significant North American market, which represents 36% of its revenue. Additionally, Intel's lower-than-expected revenue forecast has sparked fears of a PC demand slowdown, potentially impacting Lenovo. Meanwhile, speculation exists that Dell, a major rival and financial backer of China Tech Threat, might be influencing these developments to harm Lenovo.

Portfolio Pulse from The Bamboo Works

February 06, 2024 | 2:01 pm

LAES

SEALSQ Corp (NASDAQ:LAES) announced plans to establish an Open Semiconductors Assembly and Test Center in the US, focusing on semiconductor technology, post-quantum cryptography, and AI. The initiative aims to enhance supply chain resilience and security, supported by the CHIPS Act in the US and the EU Chips Act. The US-based center will integrate quantum-resistant cryptographic capabilities into semiconductor architectures, offering protection against quantum computing threats.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 1:45 pm

BTDR

Bitdeer Technologies Group (NASDAQ:BTDR) reported a 123.0% increase in Bitcoin mined in January 2024 compared to the same period last year, totaling 330 Bitcoins. Despite this growth, there was a month-over-month production decline due to lower transaction fees and higher electricity costs at the Gedu datacenter. The company is expanding its infrastructure with new datacenters in Ohio and Norway and advancing in AI cloud services. It also announced leadership changes, with Jihan Wu becoming CEO in March 2024.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 1:41 pm

AAGR

African Agriculture Holdings Inc (NASDAQ:AAGR) has appointed Michael Rhodes as its new CEO. Rhodes, with extensive experience in large-scale agriculture across Africa and a history of raising over $1.5B for development projects, succeeds Alan Kessler. Kessler will continue as Chairman and Chief Strategy Officer. The company aims to strengthen its position as a leading supplier of quality animal feeds and agricultural products in West Africa and beyond, expecting Rhodes to enhance commercial relationships and attract global institutional investors.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 1:40 pm

CLH

Clean Harbors, Inc. (NYSE:CLH) has announced its agreement to acquire HEPACO for $400 million in cash, aiming to enhance its Environmental Services segment. The acquisition, expected to close in the first half of 2024, is projected to generate $20 million in cost synergies and efficiency gains. HEPACO's addition will expand Clean Harbors' emergency response capabilities and geographic footprint. The transaction is aligned with Clean Harbors' long-term strategic plan, Vision 2027, and is expected to offer significant growth opportunities, including complementary product offerings and meaningful cross-selling opportunities.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 1:40 pm

PAHC

Phibro Animal Health Corporation (NASDAQ:PAHC) announced Glenn C. David as the new Chief Financial Officer effective February 9, 2024. David, with over 30 years of experience and a strong background from Zoetis Inc. and Pfizer Inc., is expected to drive financial discipline and shareholder value. Richard Johnson, the interim CFO since September 29, 2023, will assist in the transition.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 1:37 pm