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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

GREE

Greenidge Generation Holdings Inc. (NASDAQ:GREE) announced a $6M investment from Armistice Capital to support its business transformation and growth strategy. This investment will fund expansion into low-cost power centers, bitcoin mining, EPCM business, new AI infrastructure/data centers, and innovative efforts in bitcoin interest. Greenidge recently reported its first profitable quarter in two years, with favorable preliminary financial results for Q4 2023, including a net income of $1.4M to $2.4M and a significant debt reduction.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 1:06 pm

CLMT

Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) announced the execution of a conversion agreement to transform into a Delaware corporation, Calumet Inc. This step follows a previously announced partnership restructuring agreement and is part of Calumet's strategic transformation from an MLP to a C-Corp. The conversion, expected to close in mid-2024, is subject to unitholder approval and other customary conditions. It is intended to be tax-free for unitholders, although some may face tax recapture due to the change in tax status.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 1:02 pm

TTD

Trade Desk (NASDAQ:TTD) has received varied analyst ratings over the past three months, with a shift from bullish to a more stable outlook. Despite no changes in the last 30 days, the average 12-month price target for TTD has increased to $82.8, up from $79. This reflects a positive sentiment based on Trade Desk's solid revenue growth, market capitalization, and advertising platform performance. However, concerns about net margin, ROE, and ROA below industry benchmarks suggest areas for improvement.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 1:00 pm