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PETS

PetMed Express has announced the appointment of Leslie C. G. Campbell as the Chairman of the Board, effective January 5, 2024. Campbell has been a member of PetMeds' Board since 2018 and holds positions on several committees. Gian Fulgoni, the current Chairman, will remain on the Board.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 10:50 pm

JBLU

JetBlue has announced that its President & COO, Joanna Geraghty, will succeed Robin Hayes as CEO on February 12, 2024. This planned leadership transition is part of the company's long-term strategy.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 10:01 pm

CAAP

Corporación América Airports S.A. (NYSE:CAAP) announced that its subsidiary ICASGA received a gross indemnification payment of R$610.4 million due to the friendly termination of its concession agreement for the Natal airport in Brazil. The payment will positively impact CAAP's Adjusted EBITDA by R$610.6 million in 4Q2023. The net indemnification amount will be disclosed after accounting for regulatory deductions, taxes, and costs, as well as pre-payment of ICASGA's debts. The transition to a new operator is expected to be completed by early March.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 9:36 pm

CMA

Comerica Incorporated anticipates significant expenses in Q4 2023, including a $109M special assessment, $91M for re-designating swaps, and $25M for certain initiatives. These costs will likely impact the company's financial results for the quarter.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 9:29 pm

BTCUSD

ETHUSD

The total cryptocurrency market cap has reached $1.69 trillion, the highest since May 2022, driven by expectations of a Bitcoin spot ETF approval. Bitcoin's market value nearly doubled to $920 billion, while Ethereum's market share slightly declined. Analysts at Standard Chartered predict a bullish future for Bitcoin, suggesting a potential rise to $100,000 by the end of 2024 if the ETF is approved, with an optimistic forecast of $200,000 by the end of 2025.

Portfolio Pulse from Piero Cingari

January 08, 2024 | 9:27 pm

ES

Eversource Energy (NYSE:ES) expects to record an after-tax impairment of $1.4B-$1.6B for Q4 2023 due to increased costs and uncertainties in its offshore wind investments. The company is in advanced negotiations to sell its 50% interest in three offshore wind projects to a global private infrastructure investor. The sale is subject to regulatory approvals and the execution of partnership agreements with Ørsted. Eversource will continue to make required cash contributions to the JV projects until the sale is completed. The impairment charge will not affect Eversource's future cash flows or current cash balances.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 9:24 pm

LGVC

LGVCU

LGVCW

LAMF Global Ventures Corp. I has announced a third extension for the deadline to complete its initial business combination, moving it from January 16, 2024, to February 16, 2024. The board of directors approved this extension, which is one of up to six one-month extensions allowed by the company's amended and restated memorandum and articles of association.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 9:21 pm

ATAK

ATAKR

ATAKU

ATAKW

Aurora Technology Acquisition Corp. has extended the deadline to complete a business combination to February 7, 2024, with a $135,000 contribution to its trust account by its sponsor, ATAC Sponsor LLC. The extension was funded through a draw down on an unsecured promissory note issued to the Sponsor, with a principal amount of $810,000, bearing no interest and repayable upon a business combination or company liquidation.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 9:18 pm

PETS

PetMeds Express, Inc. has announced Leslie C. G. Campbell as the new Chairman of the Board, effective January 5, 2024. She will replace Dr. Gian Fulgoni, who will remain on the Board and continue to chair the Corporate Governance and Nominating Committee. Campbell has been a board member since 2018 and has held various committee roles.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 9:13 pm

GOOD

Gladstone Commercial Corporation (NASDAQ:GOOD) reported full payment and collection of Q4 2023 cash base rents and a high portfolio occupancy of 96.8% as of December 31, 2023. The REIT also detailed property acquisitions, lease extensions, new leases, and property sales. Additionally, it extended or executed leases covering 1,428,830 square feet with a 13% increase in annualized straight-line rent. The company sold shares for net proceeds of $4.1 million and reported $54.3 million in liquidity from its credit facility and cash on hand.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 9:12 pm