Streetbeat News

Equity Actions

VEON

VEON Ltd. (NASDAQ:VEON) has introduced a new Clawback Policy and updated its incentive plans to align with Nasdaq listing standards and enhance corporate governance. The policy allows for the recovery of erroneously awarded compensation in case of accounting restatements and aims to align executive remuneration with shareholder interests. The changes reflect VEON's commitment to ethical practices and financial integrity.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 1:14 pm

IPA

ImmunoPrecise Antibodies Ltd. (NASDAQ:IPA) has announced key appointments to its Board of Directors, including Mitch Levine as the new Chairman of the Board. Levine brings extensive experience in the life sciences industry and financial strategy, particularly with Nasdaq market operations. Chris Buyse has been appointed as Chairman of the Remuneration and Nomination Committee, and Dirk Witters as the new Chairman of the Audit Committee. These appointments are expected to guide IPA's growth in biotechnology. Additionally, IPA will host a conference call on December 14, 2023, to discuss its Q2 fiscal year 2024 financial results.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 1:13 pm

KNDI

Kandi Technologies Group, Inc. (KNDI) has announced a stock repurchase program to buy back up to $30 million of its common stock by the end of 2024. The buybacks will be reported in quarterly and annual reports. The company believes its stock is undervalued and the buyback reflects confidence in its liquidity and business potential, aiming to maximize shareholder value. The repurchases will be made in compliance with SEC rules and will depend on market conditions.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 1:04 pm

ASST

Asset Entities Inc. (NASDAQ:ASST) has announced a stock repurchase program to buy back up to 1.25 million shares of its Class B Common Stock. The program, approved by the Board of Directors, will be funded by existing cash balances and may include open market repurchases, private transactions, or other methods. The program is set to expire on November 21, 2024, but can be modified or discontinued at any time. CEO Arshia Sarkhani believes this reflects a commitment to maximizing shareholder value and expresses confidence in the company's future growth.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 1:04 pm

BX

Blackstone (NYSE:BX) has experienced a 14.69% increase in short interest since its last report, with 37.08 million shares sold short, representing 5.23% of its float. It would take about 8.37 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price decline. Blackstone's short interest is higher than its peer group average of 3.03%.

Portfolio Pulse from Benzinga Insights

November 27, 2023 | 1:00 pm

CCI

Elliott Investment Management has issued a letter and presentation outlining its views on a company's history of underperformance and is advocating for substantial changes. Elliott has disclosed a $2 billion position in the company. While the specific company targeted by Elliott is not named in the article, it is implied that Crown Castle International (CCI) may be involved.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 12:41 pm

APG

APi Group has updated its strategic initiatives for the Chubb business, increasing its run-rate value capture target by 25% from $100 million to $125 million, as announced during the company's Investor Day meeting one year ago.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 12:27 pm

ARVN

Arvinas, Inc. has announced an oversubscribed private placement worth $350 million. The company will sell nearly 13 million shares at $21.36 each and pre-funded warrants for an additional 3.4 million shares at $21.359 each. This capital raise indicates investor confidence and may be used to fund Arvinas' operations and growth initiatives.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 12:05 pm

AULT

Ault Alliance has announced that it has listed key properties owned by Ault Global Real Estate Equities for sale. The objective of this move is to streamline the company's holdings and reduce its debt.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 11:37 am

AULT

Ault Alliance is considering various strategies to address the undervaluation of its common stock, including share buybacks, tender offers, or special dividends funded by its Bitcoin operations. The company aims to enhance stockholder value and ensure sustainable profitability and long-term growth.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 11:35 am