Streetbeat News

Equity Actions

GPOR

Gulfport Energy has agreed to purchase 292,910 shares of its common stock from selling stockholders at a price of $136.56 per share, as disclosed in an 8-K filing.

Portfolio Pulse from Charles Gross

December 04, 2023 | 12:43 pm

AREN

Bryant R. Riley has sold the majority of its stake in The Arena Group (AREN) to Arena, as reported in a 13D/A filing.

Portfolio Pulse from Charles Gross

December 04, 2023 | 12:21 pm

SSNT

Brad Jacobs, through Jacobs Private Equity II, LLC (JPE), will invest $1 billion in SilverSun Technologies, Inc. (NASDAQ:SSNT), with JPE contributing $900 million and co-investors, including Sequoia Heritage, adding $100 million. Upon closing, JPE will be the majority stockholder, and Jacobs will become CEO and chairman. The deal includes a spin-off of SilverSun's existing business to its stockholders and a rebranding of the company as a platform for future acquisitions in a yet-to-be-announced industry.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 12:18 pm

CMRX

Chimerix has promoted Michelle Laspaluto to Chief Financial Officer, effective December 1, 2023. Laspaluto previously served as the Vice President of Corporate Financial Planning and Investor Relations.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 12:17 pm

XXII

22nd Century Group, Inc. has secured $3.2 million to date through a warrant exchange transaction. The company, which is known by its ticker symbol XXII, has not disclosed further details on the transaction or its implications for the company's financial strategy or operations.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 12:13 pm

FATH

KITT

NXU

POLA

The article highlights four oversold industrial stocks with RSI values near or below 30, suggesting potential for short-term growth. Nxu, Inc. (NXU) launched a new product but reported a Q3 loss, with shares down 30% over the past month. Nauticus Robotics, Inc. (KITT) announced an acquisition but saw a 33% stock decline over five days. Fathom Digital Manufacturing Corporation (FATH) received a buyout proposal, with an 18% stock drop over the past month. Polar Power, Inc. (POLA) priced a public offering, resulting in a 41% share price fall over five days.

Portfolio Pulse from Lisa Levin

December 04, 2023 | 12:05 pm

APTO

Aptose Biosciences has filed for an offering of 4.1 million common shares, which may include pre-funded warrants and/or warrants to purchase additional offered shares.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 11:19 am

SN

SharkNinja, Inc. (NYSE:SN) announced that certain shareholders are launching a secondary offering of 5.6 million ordinary shares. Shareholders affiliated with Xuning Wang and CDH Investments are the sellers. A 30-day option for underwriters to purchase up to an additional 841,896 shares is also planned.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 11:11 am

SLI

Standard Lithium Ltd. has announced progress on the commercialization of its Phase 1A Project in Arkansas and has engaged Citi to explore strategic financing and partnership options. This engagement aims to support the Phase 1A Project, the broader South West Arkansas project, and the company's initiatives in East Texas.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 11:09 am

JNJ

According to the Wall Street Journal, Johnson & Johnson is considering CFO Joseph Wolk and Executive Vice President Jennifer Taubert as potential successors to current CEO Joaquin Duato upon his departure.

Portfolio Pulse from Charles Gross

December 04, 2023 | 10:35 am