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CPK

Chesapeake Utilities has announced a $330 million public offering of its common stock.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 2:27 pm

CIFR

Bitfury Group has sold 10 million shares of Cipher Mining Inc. (NASDAQ:CIFR) at $2.95 per share in a private transaction. This represents 4.95% of Bitfury's current ownership of Cipher's common shares. After the sale, Bitfury will hold approximately 75.37% of Cipher's common stock. Bitfury has also entered into a 60-day lock-up agreement, preventing it from selling or transferring any of the common stock before January 15, 2024.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 2:27 pm

CPK

Chesapeake Utilities Corporation (NYSE:CPK) has announced a public offering of $330 million of its common stock. The company also plans to grant underwriters a 30-day option to purchase up to $49.5 million of additional shares. The net proceeds will be used to partially fund the acquisition of Florida City Gas, expected to close in Q4 2023, and to pay related fees and expenses. Barclays Capital Inc., RBC Capital Markets, LLC and Wells Fargo Securities, LLC are the joint lead book-running managers for the offering.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 2:26 pm

AMC

AMC Entertainment Holdings Inc announced an at-the-market offering to sell up to $350 million worth of its common stock. The proceeds will be used to bolster liquidity, repay existing debts, and for general corporate purposes. This comes after AMC reported Q3 financial results, beating consensus estimates with revenue of $1.41 billion and a loss of 9 cents per share. However, AMC shares are down more than 70% since the start of the year.

Portfolio Pulse from Adam Eckert

November 09, 2023 | 2:21 pm

CNXA

Connexa Sports Technologies Inc. (NASDAQ:CNXA) has announced the beta launch of the Slinger Bag analytics app for tennis, powered by Gameface Artificial Intelligence (AI). The app, available for iOS and Android users, provides insights into tennis game intricacies by analyzing data from uploaded player or match videos. The app is currently in beta testing and will eventually be offered on a subscription basis. Connexa plans to replicate the app's AI analytics platform for pickleball and padel tennis users and commence development for the Slinger Bag Baseball introduction, planned for the second half of 2024.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 2:20 pm

AMC

AMC Entertainment reported Q3 financial results and announced a $350 million at-the-market offering. This news has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 2:20 pm

WLDS

Wearable Devices Ltd. (NASDAQ:WLDS) has announced the pricing of a $2M underwritten public offering of 4,444,444 shares at $0.45 per share. The proceeds will be used for working capital and general corporate purposes. Aegis Capital Corp. has been granted a 45-day option to purchase up to 15% of the shares sold in the offering to cover over-allotments. The offering is expected to close on November 13, 2023.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 2:18 pm

AZ

A2Z Smart Technologies Corp. plans to spin off its 80% interest in Advanced Automotive Innovations Inc (AAI). The restructuring will make AAI a publicly traded company, with A2Z shareholders receiving equivalent pro-rata shareholding in AAI. The restructuring is expected to be completed in Q2, 2024. AAI is developing a 'Fuel Tank Inertia Capsule System' designed to prevent fuel combustion in vehicle collisions.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 2:16 pm

SMCI

Supermicro, Inc. (NASDAQ:SMCI) is expanding its AI and HPC rack delivery capacity and advanced liquid cooling solutions. The company's full rack scale delivery capacity is growing from several state-of-the-art integration facilities in the United States, Taiwan, Netherlands, and Malaysia. Supermicro now can deliver 5,000 racks per month to support substantial orders for fully integrated, liquid cooled racks, requiring up to 100kW per rack. The company anticipates that up to 20% of new data centers will adopt liquid cooling solutions as CPUs and GPUs continue to heat up.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 2:14 pm

TWLO

Twilio Inc (NYSE:TWLO) shares are trading higher after the company reported better-than-expected Q3 financial results. The company reported revenue of $1.03 billion, beating the consensus estimate of $989.28 million, and earnings of 58 cents per share, beating analyst estimates of 35 cents per share. Twilio also reported an increase in active customer accounts and has repurchased $620 million in stock from its $1 billion buyback announced in February. The company expects Q4 revenue to be between $1.03 billion and $1.04 billion.

Portfolio Pulse from Adam Eckert

November 09, 2023 | 1:59 pm