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ADN

Advent Technologies Holdings, Inc. (ADN) has received approximately $1.83 million in funding from the Danish Energy Technology Development and Demonstration Program for a project on advanced fuel cell power converters. The project, involving a consortium including Aalborg University and other partners, aims to develop a modular DC-DC power converter for Advent's next-generation High-Temperature Proton Exchange Membrane fuel cell applications. The technology, which is expected to extend fuel cell lifetimes and double power density, is part of the EU-approved Green HiPo project in Greece.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 2:08 pm

TWLO

Twilio has announced a change in leadership with Khozema Shipchandler taking over as CEO, replacing Jeff Lawson, who has stepped down from his role and the Board of Directors. Additionally, the company anticipates exceeding its Q4 and full-year 2023 guidance.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 2:04 pm

PULM

Pulmatrix has halted patient enrollment and is closing its Phase 2B study of PUR1900, in agreement with partner Cipla. Cipla will now take full responsibility for PUR1900's development, targeting markets with high unmet need and a quicker approval process, and will pay Pulmatrix a 2% royalty on net sales. Pulmatrix aims to reduce cash burn and explore strategic alternatives, leveraging its pipeline, iSPERSE™ technology, and its cash reserves of approximately $19 million as of the end of 2023.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 2:04 pm

INTU

Intuit Inc. (NASDAQ:INTU) has integrated TurboTax into Credit Karma and QuickBooks Online, allowing users to prepare and file taxes seamlessly within these platforms. Credit Karma members can file for free and potentially complete the process in 10 minutes, with options for early refund access and expert assistance. QuickBooks Online customers can benefit from unlimited expert help and guaranteed maximum refunds. The integration leverages Intuit's AI capabilities and tax knowledge to provide a personalized experience for individual filers and small business owners.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 2:02 pm

NKTX

Nkarta Inc. has updated its corporate presentation to include recent business and strategic updates. According to an SEC filing, the company reported having $278.4 million in cash and cash equivalents as of September 30, 2023.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 2:01 pm

ABEO

Abeona Therapeutics has secured a $50 million credit facility with the Avenue Venture Opportunities Fund, providing the company with additional financial flexibility.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 1:58 pm

NHWK

NightHawk Biosciences (NYSE:NHWK) is changing its name to Scorpius Holdings, Inc. and its ticker to SCPX to reflect its transition to a large molecule biomanufacturing CDMO. The change will not affect share structure or shareholder rights. The company has also expanded its leadership team with key promotions and new hires to support its growing client base and address the shortage of clinical-scale biologic manufacturing capacity. The expansion is expected to generate high incremental margins and attractive returns for shareholders.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 1:55 pm

LQR

LQR House has scheduled a board meeting to discuss the issuance of a special dividend of up to $1.00 per share. The announcement indicates a potential return of capital to shareholders, which could be a positive signal about the company's financial health and its ability to generate excess cash. The exact amount, timing, and conditions of the dividend will likely be determined during the meeting.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 1:51 pm

RDZN

Roadzen, a global insurtech company, has appointed Jean-Noël Gallardo as its new Chief Financial Officer (CFO).

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 1:51 pm

NWL

Newell Brands (NWL) announced an organizational realignment aimed at strengthening its commercial capabilities and reducing overhead costs. The plan includes a 7% reduction in office roles by the end of 2024, with expected annualized pre-tax savings of $65M-$90M, net of reinvestment. The realignment supports the 'Where to Play / How to Win' strategy introduced in June 2023. Restructuring charges are estimated to be $75M-$90M, with savings of $55M-$70M expected in 2024. Additional details will be shared in an SEC Form 8-K and during the Q4/full-year 2023 earnings call on February 9, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 1:45 pm