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SFT

Maruthi Venkata expressed concerns over a company's operation and financial performance, suggesting debt restructuring and a strategic sale to private equity. He also demanded an observer seat on the Board and reserved the right to change his plans depending on various factors.

Portfolio Pulse from Happy Mohamed

May 26, 2023 | 2:38 pm

SMFL

Smart for Life (NASDAQ: SMFL) has successfully refinanced its capital structure, converting over $5.8 million of debt into equity and $1.2 million of deferred compensation for its executive management team and board of directors into equity. This move aims to improve the company's balance sheet and support its Nasdaq listing.

Portfolio Pulse from Benzinga Newsdesk

May 26, 2023 | 1:39 pm

DHC

OPI

Office Properties Income Trust (OPI) has commenced its financing strategy for its merger with Diversified Healthcare Trust (DHC) by closing a $30.7 million loan secured by a government-occupied property in Landover, Maryland. The loan is the first step in OPI's plan to secure loans on certain bridge loan collateral properties on more attractive terms than the bridge loan facility.

Portfolio Pulse from Happy Mohamed

May 26, 2023 | 12:06 pm

SPY

The US Treasury may be forced to default on bills due to lack of authorization from Congress, according to Adeyemo. This could have significant implications for the US economy and financial markets.

Portfolio Pulse from Charles Gross

May 26, 2023 | 11:42 am

SPY

Treasury's Adeyemo stated that the 14th Amendment cannot solve current challenges and there is no Plan B to meet all pledges to creditors.

Portfolio Pulse from Charles Gross

May 26, 2023 | 11:15 am

SPY

President Biden has had productive conversations with Speaker McCarthy regarding the debt ceiling and urges Congress to act now to prevent a default.

Portfolio Pulse from Benzinga Newsdesk

May 25, 2023 | 5:56 pm

ALEAF

Aleafia Health Inc. (OTCQB:ALEAF) (TSX:AH) has amended its loan agreement with NE SPC II LP, which has agreed to forbear on enforcing the loan until May 31, 2023. The company is currently in breach of certain financial covenants under the loan agreement. Aleafia Health's board has commenced a strategic review process to explore potential strategic alternatives.

Portfolio Pulse from Vuk Zdinjak

May 25, 2023 | 3:05 pm

SPY

Fed's Collins suggests a pause on rate action to give the central bank space to measure impact, while watching a wide array of data for the next rate move. Banking sector stress is likely to weigh on demand.

Portfolio Pulse from Benzinga Newsdesk

May 25, 2023 | 2:33 pm

SHFS

Lighthouse Biz Solutions, a subsidiary of GFA Federal Credit Union, has become the first east coast financial institution to be certified for outstanding U.S. monetary banking protocols in cannabis and hemp operations. The certification is part of a program overseen by the Policy Center for Public Health & Safety and endorsed by Safe Harbor Financial (NASDAQ:SHFS).

Portfolio Pulse from Vuk Zdinjak

May 25, 2023 | 2:26 pm