Streetbeat News

Equity Actions

EZFL

Ezfill Holdings has filed a Form S-1 with the SEC for a firm commitment public offering of its common stock. The size of the offering has not been disclosed.

Portfolio Pulse from Charles Gross

November 28, 2023 | 11:18 am

LITB

LightInTheBox anticipates Q4 revenue to be in the range of $130M to $145M. Additionally, the company has announced a share repurchase program, planning to buy back up to $10M of its ordinary shares in the form of ADSs by the end of 2023.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 11:09 am

GS

Goldman Sachs CEO David Solomon highlighted that geopolitical tensions, especially between the US and China, are a significant obstacle for economic growth and may persist for years due to substantial differences, as reported by Reuters citing a Financial Times event.

Portfolio Pulse from Charles Gross

November 28, 2023 | 10:47 am

PUYI

Puyi Inc. (NASDAQ:PUYI), a wealth management services provider in China, has appointed Ms. Yang Yuanfen as the new CFO, effective immediately. She replaces Mr. Hu Anlin, who resigned from his position as CFO, Vice President, and director of the company.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 10:02 am

THAR

Tharimmune has announced the pricing of its public offering at $1 per share, aiming to raise $10 million through the sale of 10 million common shares. The offering includes an option for underwriters to purchase up to an additional 1.5 million shares or Pre-Funded Warrants to cover over-allotments. The proceeds will be before underwriting discounts and offering expenses.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 7:04 am

SVRE

SaverOne has announced the withdrawal of its proposed public offering, citing current market conditions as the reason for this decision. The company had previously planned to raise capital through a public offering but has now decided against it due to unfavorable market conditions.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 6:38 am

LCAA

Lotus Technology Inc., a luxury electric vehicle maker, has secured around $870 million in PIPE financing and convertible notes in preparation for its planned merger with L Catterton Asia Acquisition Corp (LCAA), a SPAC affiliated with the investment firm L Catterton. This financial move comes ahead of the expected completion of the business combination.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 6:35 am

SNES

SenesTech, Inc. (NASDAQ:SNES) has announced the pricing of a public offering of 3,846,154 common shares and accompanying Series D and Series E warrants at $1.30 per share and associated warrants. The Series Warrants are exercisable immediately upon issuance at the same price of $1.30 per share.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 6:25 am

ARKF

COIN

HOOD

Ark Investment Management, led by Cathie Wood, adjusted its crypto-linked stock holdings by purchasing shares of Robinhood Markets, Inc. (HOOD) and selling shares of Coinbase Global, Inc. (COIN). The Ark Fintech Innovation ETF (ARKF) bought 143,063 shares of HOOD and sold 43,956 shares of COIN. Despite the sale, COIN remains ARKF's top holding, while HOOD is the 11th largest. The transactions occurred amid volatility in the cryptocurrency market and speculation about the approval of a Bitcoin ETF.

Portfolio Pulse from Shanthi Rexaline

November 28, 2023 | 6:01 am

BYDDF

TSLA

Bernstein analysts have expressed skepticism about Tesla Inc.'s (NASDAQ:TSLA) high market valuation compared to BYD Co Ltd (OTC:BYDDF), especially given the companies' similar financials. Tesla's market cap is approximately $730 billion, despite a decline in earnings, while BYD, with profits doubling, is valued at $84 billion. Bernstein set a $150 price target for Tesla, suggesting a 40% drop, and a $46 target for BYD, indicating a 60% increase. They believe the valuations of Tesla and BYD will likely converge in the future.

Portfolio Pulse from Benzinga Neuro

November 28, 2023 | 5:24 am