Streetbeat News

Equity Actions

CYBN

Cybin Inc. has announced an offering of units up to $64 million. Each unit is comprised of one common share and one warrant.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 1:04 pm

NDLS

Noodles & Company's CEO, Dave Boennighausen, has stepped down effective immediately. Drew Madsen has been appointed as the interim CEO while the company searches for a permanent replacement.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 1:02 pm

EYE

National Vision Holdings (EYE) has announced plans to repurchase $100M of its convertible notes. The transaction is expected to close on November 14, 2023.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 12:41 pm

CPA

GNK

SBLK

Three industrial stocks with over 3% dividend yields have been recommended by Wall Street's most accurate analysts. The stocks are Star Bulk Carriers Corp. (SBLK), Copa Holdings, S.A. (CPA), and Genco Shipping & Trading Limited (GNK). Recent news for these companies include Star Bulk's repurchase of additional 10 million of its common shares, Copa Holdings' upcoming earnings release for Q3, and Genco Shipping & Trading's narrower-than-expected Q3 loss.

Portfolio Pulse from Lisa Levin

November 10, 2023 | 12:39 pm

NXU

Nxu has announced that it has received the SEC effectiveness on Form S-3 Shelf Registration Statement for $75M in primary capital.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 11:32 am

GRPN

Groupon Inc reported Q3 FY23 revenue of $126.5 million, missing the consensus of $129.6 million. North America and International revenues decreased due to a decline in engagement on the platform. Adjusted EPS loss of $(0.12) missed the consensus of $0.11. The company plans to raise around $100 million through equity rights offering and non-core asset sales. Groupon's co-founder Eric Lefkofsky is set to resign from the board. Following the news, Groupon shares traded lower by 32.27%.

Portfolio Pulse from Lekha Gupta

November 10, 2023 | 11:07 am

OGI

Organigram has appointed Paolo De Luca, the current Chief Strategy Officer, as interim CFO effective November 13, 2023. This comes as Derrick West, the current CFO, is transitioning away from his role to focus on his health and recovery following surgery. The company is in the process of searching for a new permanent CFO.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 11:02 am

BRAG

JMP Securities analyst Jordan Bender has upgraded Bragg Gaming Group (NASDAQ:BRAG) from Market Perform to Market Outperform and set a price target of $8.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 10:26 am

AAPL

GOOGL

MSFT

Apple Inc. is reportedly developing a supercharged AI-powered Siri for the iPhone 16, as it competes with rivals Alphabet Inc. and Microsoft Corp. in the AI race. The new Siri will offer on-device AI features exclusively for the iPhone 16, while older iPhones will only get cloud-based AI features. This development is part of Apple's strategy to capitalize on the surge in AI adoption.

Portfolio Pulse from Rounak Jain

November 10, 2023 | 9:32 am

TKO

TKO Group Holdings, Inc. has priced its secondary offering of 8.4 million Class A common shares at $79.80 per share. The shares are being sold by one of its stockholders, Mr. Vincent K. McMahon, and TKO will repurchase approximately $100 million of these shares. TKO's CEO Ariel Emanuel, President Mark Shapiro, and other directors have purchased a total of 35,712 shares in the offering.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 6:40 am