Streetbeat News

Equity Actions

BTC-USD

DOGE-USD

ETH-USD

GT

WM

Cryptocurrencies like Bitcoin, Ethereum, and Dogecoin show mixed performance as analysts predict significant movements, including a potential Dogecoin pump. US markets see cautious optimism with Nasdaq and S&P futures flatlining ahead of key data, while Waste Management and Goodyear Tire are stocks to watch. Political and economic developments, including US-China tensions and EU climate policy shifts, alongside tech and EV sector updates, including Apple, Google, and Tesla, highlight the global landscape. Elon Musk's activities, from SpaceX Mars plans to Tesla's challenges, also draw attention.

Portfolio Pulse from Akanksha Bakshi

February 12, 2024 | 2:21 pm

WISA

WiSA Technologies has announced the pricing of a 153,840,000 unit offering, aiming to raise approximately $10 million in gross proceeds. This strategic move is designed to enhance the company's financial flexibility and support its growth initiatives.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 2:21 pm

VUZI

Vuzix Corp (NASDAQ:VUZI) shares dropped after announcing a mixed shelf offering of up to $300 million. The offering may include common stock, preferred stock, warrants, or a combination, sold directly or through agents, underwriters, or dealers. Despite Wall Street's overall 'Buy' rating, the stock has fallen 36.48% in the past three months, with revenue also down 36.39% over the past year.

Portfolio Pulse from Adam Eckert

February 12, 2024 | 2:18 pm

MGIH

Millennium Group International's shares surged following a 13G filing by YC 1926 (BVI) Limited, revealing an 88.89% ownership stake in the company.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 2:09 pm

SAVE

Spirit Airlines Inc (NYSE:SAVE) filed for a mixed shelf offering, allowing for the sale of warrants and the resale of up to 899,560 shares of common stock. This follows a federal judge blocking JetBlue's acquisition of Spirit, a move previously seen as positive for Spirit's financial struggles. Spirit will not receive proceeds from the sale. The potential merger faces a deadline by July, with options to extend or terminate.

Portfolio Pulse from Adam Eckert

February 12, 2024 | 2:02 pm

BMR

MGIH

MNDY

Monday.Com (MNDY) reported Q4 adjusted EPS of $0.65, surpassing the $0.32 estimate, with sales of $202.57M beating the $197.95M estimate. Millennium Group International (MGIH) shares surged 139% premarket after YC 1926 (BVI) Limited disclosed an 88.89% stake. Beamr (BMR) and NVIDIA announced a partnership to accelerate the adoption of the AV1 video standard.

Portfolio Pulse from ryanfaloona@benzinga.com

February 12, 2024 | 1:47 pm

CVII

Churchill Capital Corp VII (CVII) has extended its deadline for a business combination from February 17, 2024, to August 17, 2024. After stockholder redemptions related to this extension, over $605 million remains in Churchill VII's trust account.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 1:38 pm

TRT

Trio-Tech International's shareholders' equity has increased to $7.58 per share, up from $7.22 per share, indicating a positive financial development for the company.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 1:32 pm

FTCI

FTC Solar, Inc. (NASDAQ:FTCI) has officially appointed Cathy Behnen as its Chief Financial Officer, effective immediately. Behnen, who has been serving as Interim CFO since November 2023, brings over 20 years of financial leadership experience to the role. Her appointment is part of FTC Solar's strategy to strengthen its leadership team as it aims for long-term profitable growth. Behnen's background includes roles as CFO and VP of Finance at Penn National Gaming Hollywood Casino Jamul – San Diego, and a Partner at RubinBrown.

Portfolio Pulse from Happy Mohamed

February 12, 2024 | 1:13 pm

JKHY

Jack Henry & Associates, Inc. (NASDAQ:JKHY) has announced a 6% increase in its quarterly dividend to $0.55 per share, payable on March 26, 2024, to stockholders of record as of March 8, 2024. This marks the 20th consecutive year of dividend increases.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 1:07 pm