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IMPP

Imperial Petroleum Inc. has announced that Flawless Management Inc. converted all 13,875 shares of its Series C Cumulative Convertible Perpetual Preferred Stock into 6,932,043 shares of Imperial Petroleum's Common Stock.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 2:21 pm

CYCC

CYCCP

Cyclacel Pharmaceuticals, Inc. has announced a registered direct offering of 388,200 shares and a private placement of 7,956 shares, both at $3.315 per share. Additionally, warrants to purchase up to 396,156 shares at $3.19 per share are being issued. The closing is expected around December 26, 2023, with Ladenburg Thalmann & Co. Inc. as the placement agent.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 2:19 pm

ELTX

Elicio Therapeutics has completed a private placement financing round, raising $7 million through the sale of 1.213 million shares at a price of $5.81 per share.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 2:05 pm

SEZL

Sezzle Inc. has announced a $5 million stock repurchase program, signaling the Board's belief that the current share price undervalues the company. CEO Charlie Youakim emphasized the move as a step towards maximizing shareholder value, indicating confidence in the company's performance and considering the repurchase a suitable use of capital resources.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 2:03 pm

SIG

Analysts have mixed views on Signet Jewelers (NYSE:SIG), with recent ratings ranging from bullish to bearish. Over the last quarter, there were 1 bullish, 2 somewhat bullish, and 2 indifferent ratings. The average 12-month price target is $104.2, up from $96.25, with a high of $120 and a low of $82. Wells Fargo and Citigroup raised their targets, while Telsey Advisory Group raised and maintained theirs. Signet's financials show a -12.06% revenue decline over 3 months, but strong profitability with a net margin of 0.22% and high ROE of 0.19%. The company's debt-to-equity ratio is healthy at 0.81.

Portfolio Pulse from Benzinga Insights

December 22, 2023 | 2:00 pm

GPS

Gap Inc. (NYSE:GPS) has received diverse ratings from 9 financial analysts over the last three months, with a shift towards more bullish sentiment in the last 30 days. The average 12-month price target is $16.78, up 27.7% from the previous $13.14, with a high estimate of $24.00 and a low of $11.00. Analysts from firms including Wells Fargo, BMO Capital, Goldman Sachs, Morgan Stanley, Telsey Advisory Group, and Evercore ISI Group have raised their price targets and ratings, indicating a positive outlook on Gap's performance. Despite a -6.73% decline in revenue over 3 months, Gap maintains a strong net margin of 5.79%, an ROE of 9.23%, and an ROA of 1.99%, with a low debt-to-equity ratio of 2.26.

Portfolio Pulse from Benzinga Insights

December 22, 2023 | 2:00 pm

ADN

Advent Technologies, a company specializing in advanced materials and technology, has announced a registered direct offering of 10 million shares of common stock at a price of $0.20 per share, aiming to raise $2 million in capital.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 1:45 pm

NCPL

Netcapital, a financial technology and services company, has announced the pricing of a $4 million public offering, which has led to its shares trading lower.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 1:43 pm

BAH

ORCL

WDC

ZM

On CNBC's 'Halftime Report Final Trades,' analysts discussed their positions on Zoom Video (ZM), Oracle (ORCL), Western Digital (WDC), and Booz Allen Hamilton (BAH). Zoom Video was downgraded by Wells Fargo and will be removed from the Nasdaq 100 index. Oracle reported mixed Q2 results but is expected to move higher. Western Digital received a price target increase from Mizuho. Booz Allen Hamilton is preparing for a Q3 earnings call. All stocks mentioned had positive price action on Thursday.

Portfolio Pulse from Avi Kapoor

December 22, 2023 | 1:39 pm

SDIG

Stronghold Digital Mining, Inc. (NASDAQ:SDIG) has entered into a private placement agreement to sell 2.3 million shares of Class A Common Stock at $6.71 per share to an institutional investor, raising $15.4 million. The deal includes warrants to purchase an additional 2.3 million shares at $7.00 per share, exercisable six months post-issuance. The proceeds will fund growth and efficiency improvements in the miner fleet, a carbon capture initiative, and enhance working capital and general corporate purposes. Warrant exercise prices from previous issuances in April and September 2023 have been adjusted to $7.00 per share.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 1:37 pm