Streetbeat News

Equity Actions

BNZI

The SEC has declared the Form S-1 registration statement of Banzai (BNZI) effective, paving the way for its initial public offering (IPO).

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 1:34 pm

LEXX

Lexaria Bioscience Corp. has announced a registered direct offering of 1,558,443 shares, priced at $2.31 per share, aiming to raise approximately $3.6 million.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 1:21 pm

WINV

WinVest Acquisition Corp. (NASDAQ:WINV) has extended its termination date for completing an initial business combination from February 17, 2024, to March 17, 2024. This extension allows more time for the company to finalize a business combination. Additionally, $55,000 has been added to the trust account for this purpose, funded through a drawdown on a promissory note issued to WinVest SPAC LLC, the company's sponsor.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 1:14 pm

VCNX

Vaccinex, Inc. (NASDAQ:VCNX), a biotech company, announced a 1-for-14 reverse stock split effective February 19, 2024, to regain compliance with Nasdaq's $1.00 minimum bid price requirement. The split-adjusted trading will start on February 20, 2024. The company's stockholders approved this action on February 8, 2024, and the Board of Directors selected the 1-for-14 ratio from a range of options. Vaccinex aims to meet Nasdaq's compliance by March 4, 2024, requiring a closing bid price of at least $1.00 for 10 consecutive business days.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 1:06 pm

VVOS

Vivos Therapeutics, Inc. (VVOS) announced the exercise of a common stock purchase warrant by an institutional investor, resulting in gross proceeds of approximately $4.0 million for Vivos. The transaction involves the purchase of 980,393 shares at a revised price of $4.02 per share. Additionally, Vivos will issue two new unregistered warrants for a total of 1,470,592 shares at $5.05 per share. A.G.P./Alliance Global Partners is the financial advisor for the offering.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 1:04 pm

FIVN

Eight analysts have recently updated their recommendations for Five9 (NASDAQ:FIVN), showing a mix of bullish and somewhat bullish perspectives with no bearish views. The average 12-month price target is now $91.62, up from $84.40, indicating an 8.55% increase. Analysts from firms including Needham, Keybanc, Piper Sandler, Deutsche Bank, Truist Securities, and Wells Fargo have adjusted their ratings and price targets, reflecting positive sentiment towards Five9's market position despite its challenges in revenue growth, net margin, ROE, ROA, and debt management compared to industry averages.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 1:00 pm

TYL

In the past three months, Tyler Technologies (NYSE:TYL) received varied analyst ratings, with a recent average price target of $486.00, marking a 2.32% increase from the previous target. The company's financial health shows below-average market capitalization, revenue growth, net margin, ROE, and ROA compared to industry peers, but a conservative debt management approach. Analysts' ratings and price targets reflect their views on the company's performance and market conditions.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 1:00 pm

LSPD

Lightspeed Commerce announced the immediate reappointment of its founder Dax Dasilva as interim CEO, taking over from JP Chauvet.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 12:21 pm

ALKS

Alkermes' Board of Directors has approved a new share repurchase program, authorizing the company to repurchase up to $400 million of its shares.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 12:17 pm

GTX

Garrett Motion has authorized a new $350 million share repurchase program, signaling confidence in the company's financial health and future prospects. This move is likely to be well-received by investors as it often indicates a bullish outlook by the company's management regarding its stock price.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 12:07 pm