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Equity Actions

SNDL

SNDL Inc. has announced the renewal of its share repurchase program, authorizing the company to repurchase up to C$100 million of its outstanding common shares. This move indicates SNDL's confidence in its stock value and a commitment to returning value to shareholders.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 12:07 pm

DAN

Dana Incorporated has appointed Steven Miller to its Board of Directors. Miller is replacing Brett Icahn as the Icahn Capital board designee, in line with an agreement previously announced. This change in the board composition could signal a shift in the company's strategic direction or governance influenced by Icahn Capital's involvement.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 12:00 pm

So-Young's subsidiary, Wuhan Miracle, has submitted application documents for an IPO on the Beijing Stock Exchange in China. This move could indicate an expansion and growth phase for Wuhan Miracle, potentially impacting So-Young's financials and investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 11:33 am

UUUU

Energy Fuels Inc. has sold the remaining unpaid balance of $20M owed under a secured convertible note to MMCAP International. This note was issued by enCore Energy as partial consideration for the purchase of the Alta Mesa in-situ recovery project from Energy Fuels.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 11:19 am

KZIA

Kazia Therapeutics' securities will be suspended from quotation immediately under ASX Listing Rule 17.2, at the company's request, to facilitate its removal from the ASX Official List.

Portfolio Pulse from Charles Gross

November 13, 2023 | 9:39 am

ARKK

GOOGL

QQQ

Cathie Wood criticized index-based investing, using Alphabet Inc. as an example, highlighting the risk it faces from large-language models (LLMs) like GPT4 that could disrupt Google's search business. She argues that passive funds are shorting disruptive innovation and that the massive shift towards passive funds is a misallocation of capital. Despite these concerns, the Invesco QQQ Trust, a passive fund, has outperformed Ark's actively managed Ark Innovation ETF this year.

Portfolio Pulse from Shanthi Rexaline

November 13, 2023 | 7:42 am

ATAI

CMPS

CYBN

DRUG

ENVB

GHRS

HUGE

IXHL

MNMD

PSIL

SILO

The article discusses various aspects of the psychedelics industry, including the potential of psychedelic treatments for PTSD in veterans, a possible $100M IPO by a psychedelics company, and Cybin Inc.'s new $64M offering. It also covers worldwide events related to psychedelics and provides a performance overview of the AdvisorShares Psychedelics ETF (PSIL) and several psychedelics stocks. Cybin Inc. announced an underwritten offering of units at $0.45, with $30M fully funded upon closing and an additional $34M upon full exercise of warrants. The article also lists the closing prices of several psychedelics stocks on November 10, with most showing a downward trend.

Portfolio Pulse from Lara Goldstein

November 13, 2023 | 1:39 am

DDC

SGN

SHIM

DDC Enterprise Limited (NYSE:DDC), Signing Day Sports, Inc. (NYSE:SGN), and Shimmick Corporation (NASDAQ:SHIM) are set to go public this week with their IPOs. DDC is offering 4.25 million shares at $10.50 each, SGN is offering 1.5 million shares at $5.00 each, and SHIM is offering 4.55 million shares at $11.00 each. All three companies have set a 180-day insider lock-up period post-IPO.

Portfolio Pulse from Benzinga Insights

November 12, 2023 | 7:17 pm

BRK

TSLA

Elon Musk, CEO of Tesla, Inc., humorously remarked on Warren Buffett's missed opportunity to invest in Tesla when it was valued at just 0.1% of its current value. Musk's comment was in response to a post praising Buffett's investment wisdom. Despite Buffett's value investing strategy, which contrasts with Tesla's growth stock profile, Musk had previously suggested Tesla as an investment to Buffett's team. Buffett and his business partner Charlie Munger have recently acknowledged Musk's talent, despite earlier skepticism about Tesla's prospects.

Portfolio Pulse from Shanthi Rexaline

November 12, 2023 | 3:18 pm

APGB

Apollo Strategic Growth Capital II (NYSE:APGB), a SPAC, announced it will liquidate and dissolve, redeeming all outstanding Class A ordinary shares at approximately $10.58 per share. The company will not pursue an initial business combination and will cease operations except for winding up after November 28, 2023. The trust account balance as of November 10, 2023, was about $189.53 million. The company's securities will stop trading on the NYSE on November 27, 2023, and the shares will be cancelled the following day. The company's warrants will expire worthless, and the sponsor has waived redemption rights for founder shares and private placement warrants. APGB will delist from the NYSE and terminate its securities registration.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 11:41 pm