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Equity Actions

LIZI

LIZHI INC. (NASDAQ:LIZI), an audio-based social and entertainment platform, has announced a share repurchase program authorized by its board of directors. The company is set to repurchase up to $3 million of its Class A ordinary shares, including those in the form of American depositary shares, over the next 12 months starting from today.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 10:55 am

TTWO

Shares of Take-Two Interactive Software (TTWO) rose 3.7% in premarket trading as the company is set to join the Nasdaq 100 Index.

Portfolio Pulse from Charles Gross

December 13, 2023 | 9:49 am

LCW

Learn CW Investment Corporation, a SPAC, has announced its intention to extend the period to consummate its initial business combination by one month to January 13, 2024. This is achieved by depositing $150,000 into its trust account, marking the third of up to twelve possible one-month extensions as per the company's amended governing documents.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 6:53 am

YQ

17 Education & Technology Group Inc. (NASDAQ:YQ), a leading education technology company in China, announced a change in the ratio of its American Depositary Shares (ADSs) to Class A ordinary shares from 1:10 to 1:50, effective around December 18, 2023. This change is expected to proportionally increase the ADS trading price, but the company cannot assure that the post-change price will be equal to or greater than five times the pre-change price.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 6:33 am

BBJP

DXJ

EWJ

The Japan Tankan Large Manufacturers Index for Q4 came in at 12, surpassing the estimate of 10 and the previous value of 9. This indicates an improvement in sentiment among large manufacturers in Japan.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 5:40 am

SLGC

Madryn Asset Management, holding about 4.2% of SomaLogic's common stock, has issued a letter opposing SomaLogic's proposed merger with Standard BioTools. The opposition from a significant shareholder could influence other investors and potentially affect the merger's progress and SomaLogic's stock price.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 10:36 pm

BEN

The board of Franklin Resources has authorized the repurchase of up to an additional 27.2 million shares of its common stock. This authorization is in addition to the existing repurchase program, bringing the total number of shares available for repurchase to 40 million.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 10:32 pm

ARKF

ARKK

ARKW

COIN

Coinbase Global Inc. co-founder Fred Ehrsam and ARK Invest have sold over $14 million in COIN shares. Ehrsam sold 97,836 shares for $13.5 million, while ARK Invest sold 10,933 shares worth approximately $1.5 million. This month, ARK has sold over $100 million of COIN shares from its ETFs ARKW, ARKK, and ARKF. Despite the sell-off, COIN shares were up 1.1% on Tuesday.

Portfolio Pulse from Khyathi Dalal

December 12, 2023 | 10:21 pm

FEAM

5E Advanced Materials, Inc. (FEAM) has announced a stockholder call on December 19, 2023, to discuss company developments, including a potential pre-packaged Chapter 11 bankruptcy if out-of-court restructuring conditions are not met. The call will feature CEO Susan Brennan and CFO Paul Wiebel, and will cover the restructuring support agreement and financing package. The company aims to avoid bankruptcy to preserve capital and minimize disruptions.

Portfolio Pulse from Charles Gross

December 12, 2023 | 10:09 pm

TEL

The Board of Directors of TE Connectivity has authorized an increase in the company's share repurchase program by an additional $1.5 billion. This decision reflects the company's commitment to returning value to its shareholders and its confidence in the long-term growth prospects of the business.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 10:04 pm