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Equity Actions

CVM

CEL-SCI Corporation has priced a stock offering of 2.49 million shares at $2 per share to a single investor.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 1:35 pm

RAMP

LiveRamp, a technology company, has promoted Lauren Dillard to the position of Chief Financial Officer. This executive change could signal a strategic shift or a continuation of the company's current financial policies, depending on Dillard's approach to the role. Investors will be watching closely to see how this leadership change might affect the company's financial strategy and performance.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 1:32 pm

VET

Vermilion Energy Inc. has acquired additional common shares and warrants of Coelacanth Energy Inc., increasing its ownership to approximately 18.55% of the issued and outstanding common shares, or 19.62% on a partially diluted basis. The acquisitions were made through various transactions, including a public offering and purchases through the TSX Venture Exchange. Vermilion may continue to acquire more shares until November 27, 2023, and will adjust its investment strategy based on market conditions and Coelacanth's performance.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 1:23 pm

BNIX

Bannix Acquisition Corp. (BNIX) has extended the deadline to complete its initial business combination from November 14, 2023, to December 14, 2023. This extension is part of the rights granted to Bannix to extend the deadline up to 12 times, each by one month, until March 14, 2024. The extension was approved by stockholders and the Amended Charter was filed with the State of Delaware. If an extension is used, the sponsor, Instant Fame LLC, will deposit up to $75,000 or $0.07 per non-redeemed share into the trust account.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 1:19 pm

IFBD

Infobird Co., Ltd has announced a 1-for-20 share consolidation and an increase in its authorized share capital. This corporate action is typically undertaken by companies aiming to boost their stock price by reducing the number of shares outstanding, which can also lead to a higher share price. The increase in authorized share capital suggests potential plans for future financing or corporate activities.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 1:13 pm

NLSP

NLS Pharmaceutics has executed a non-binding term sheet for licensing its intellectual property and secured an additional bridge loan from insiders to extend its cash runway. The company has also implemented significant internal cost reductions. The terms of the strategic partnership and bridge loan are not yet finalized, with the intent to close the transaction in Q1 2024.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 1:10 pm

NICE

NICE Ltd. has announced a share buyback program authorizing the repurchase of up to $300 million of its shares. This move is typically seen as a sign of confidence by the company's management in its financial health and future prospects. Share buybacks can often lead to an increase in the stock price as they reduce the number of shares outstanding, potentially increasing earnings per share (EPS).

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 1:07 pm

RVPH

Reviva Pharmaceuticals Holdings, Inc. has announced a registered direct offering priced at-the-market under Nasdaq rules, aiming to raise $30 million. This capital raise is significant for the company's financial strategy and future operations.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 1:01 pm

ST

Sensata Technologies Holding plc (NYSE:ST) has announced that its subsidiary, Sensata Technologies B.V., plans to fully redeem all of its outstanding $400 million 5.625% Senior Notes due in 2024. The redemption will comply with the indenture terms and the notice of redemption provided to the registered holders of the Notes.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 12:24 pm

VNET

VNET Group, Inc. has received a strategic investment of $299 million from Shandong Hi-Speed Holdings Group. This investment could bolster VNET's financial position and potentially lead to future collaboration between the two entities.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 12:21 pm