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ICCT

iCoreConnect Inc. (NASDAQ:ICCT) has announced the strategic acquisition of Verifi Dental, a move aimed at expanding its SaaS software solutions in the healthcare market. The financial terms of the deal were not disclosed. The acquisition is expected to enhance iCoreConnect's capabilities, broaden its market presence, and improve value to customers and stakeholders. The merger will combine the strengths of both companies, positioning iCoreConnect as a significant player in the insurance verification sector and providing operational efficiencies and additional products and services.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 9:40 pm

FRLA

OTHER

Fortune Rise Acquisition Corporation (NASDAQ:FRLA) has appointed Ryan Spick as the new Principal Executive Officer and Chief Financial Officer. Spick, who has a background in real estate projects, will lead the proposed business combination with Water on Demand, Inc., a subsidiary of OriginClear, Inc. (OTC:OTHER). Spick replaces Richard Brand, who is leaving for other projects, and Beau Vuillemot has taken Spick's place on the FRLA Board.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 9:20 pm

TRNO

Terreno Realty Corporation (TRNO) reported a quarter-end occupancy of 98.5%, a slight increase from the previous quarter and a minor decrease from the previous year. The company saw a 47.5% increase in cash rents on new and renewed leases for the quarter and a 55.5% increase for the full year. Terreno acquired properties worth $73.2 million in Q4 and $484.0 million for the full year, while selling three properties for $51.6 million in Q4 and four properties for $77.0 million for the full year. The company commenced developments with a total expected investment of $283.2 million and issued over 10.9 million shares of common stock in 2023 for gross proceeds of $674.4 million. John Meyer was promoted to Chief Operating Officer, effective January 8, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 9:16 pm

SONO

Sonos has announced Saori Casey as its new CFO, effective January 22, 2024. The current CFO and CLO, Eddie Lazarus, will transition to the role of Chief Legal and Strategy Officer. This executive shuffle is part of Sonos's strategic planning and leadership realignment.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 9:11 pm

NNBR

NN, Inc., a diversified industrial company, has announced new business wins totaling $62.6 million for the year 2023. These new contracts could signal strong future revenue streams and potentially improve the company's financial stability and market position.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 9:11 pm

SBUX

Starbucks Corporation has announced the addition of three new members to its Board of Directors: Daniel Servitje, CEO and Chairman of Grupo Bimbo; Neal Mohan, CEO of YouTube; and Mike Sievert, CEO, President, and Director at T-Mobile US, Inc. These individuals bring a wealth of experience from global operations, corporate business development, online content platforms, and telecommunications.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 9:07 pm

BA

SPY

The White House has reassured the public that it is safe to fly following an incident involving a Boeing 737 Max 9. This statement comes after concerns about the safety of Boeing's aircraft, which have faced scrutiny in the past.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 9:06 pm

AA

HYMC

ZKIN

Alcoa Corporation plans to curtail production at its Kwinana Alumina Refinery, reducing its workforce, expecting $70 million in annual improvements but incurring $180-$200 million in restructuring charges. Hycroft Mining announced high-grade silver findings at the Hycroft Mine, with two new silver trends identified. ZK International is expanding into Southeast Asia and the Middle East to meet demand for sustainable infrastructure.

Portfolio Pulse from Austin DeNoce

January 09, 2024 | 9:06 pm

CCCC

C4 Therapeutics (C4T) announced its 2024 priorities, focusing on advancing its targeted protein degradation medicines and expecting multiple clinical updates. The company reported unaudited cash and securities totaling approximately $330 million as of January 5, 2024, and a workforce reduction of about 30%. C4T plans to present at the J.P. Morgan Healthcare Conference and has received additional capital, including investments from Betta Pharmaceuticals and Merck. The company aims to advance CFT7455 and CFT1946 clinical programs and has collaborations with Roche, Biogen, and Merck. C4T expects its financial resources to fund operations into 2027.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 9:04 pm

COOP

Mr. Cooper Group has announced the appointment of Mike Weinbach as President, effective February 1, 2024. This strategic leadership change is expected to guide the company through its next phase of growth and operational development.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 9:00 pm