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Equity Actions

JCSE

JE Cleantech Holdings Limited (NASDAQ:JCSE), a Singapore-based cleantech company, has regained compliance with the Nasdaq minimum bid price requirement. The company initiated a 1-for-3 Share Consolidation, reducing the total number of authorized Ordinary Shares from 15,020,000 to 5,006,666 and increasing the par value per share. Following this, the daily closing bid price of the company's shares remained above $1.00 for ten consecutive business days, bringing the company back into compliance with Nasdaq listing standards.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 1:26 pm

PARA

PARAA

Paramount Global (NASDAQ: PARA; PARAA) has announced the global expansion of its digital video advertising platform, EyeQ. The platform will deliver Paramount's content portfolio to regional and multinational marketers worldwide. The expansion is driven by the company's streaming momentum and will be fueled by Pluto TV, the most widely-distributed FAST service globally. The 2024 introduction of a Paramount+ ad tier in select international markets will also accelerate EyeQ's ad-supported reach. EyeQ has experienced significant growth since its launch in 2020, becoming a multi-billion-dollar digital advertising business.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 1:18 pm

GDC

GD Culture Group Limited has announced a registered direct offering of 1,436,253 shares at $3.019 per share, raising a total of $10 million.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 1:16 pm

MEIP

MEI Pharma has entered into an agreement with Anson Funds and Cable Car Capital. The company has committed to a capital return of up to $3.15 per share.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 1:11 pm

LQR

LQR House Inc. (NASDAQ:LQR), a marketing agency specializing in the spirits and beverage industry, has acquired www.cwspirits.com, a well-established wine and spirits e-commerce platform in the USA. This acquisition will allow LQR House to expand its portfolio and strategically position a wider range of brands to cater to the diverse preferences of consumers. The company plans to use its proprietary SEO methods to ensure that CWSpirits.com ranks in premium positions on Google for top-selling brands.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 12:40 pm

IPX

IperionX Limited (NASDAQ:IPX) has been awarded a $12.7 million grant by the U.S. Department of Defense (DoD) to address U.S. titanium supply chain vulnerabilities. The grant, along with a potential $11.5 million in equipment financing from the Export-Import Bank of the United States, will be used to accelerate the development of a titanium production facility in Halifax County, Virginia. The U.S. currently imports over 95% of the titanium sponge required for the defense sector. IperionX aims to reduce this reliance by reshoring a full titanium supply chain to the U.S.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 12:37 pm

TTMI

TTM Technologies, Inc. (NASDAQ:TTMI) has announced plans to establish a new high-tech manufacturing facility in New York State. The facility will produce ultra-HDI PCBs and is expected to be the highest-technology PCB manufacturing facility in North America. The project will create an estimated 400 manufacturing and engineering jobs in Central New York and support an equal number of construction jobs. The groundbreaking is anticipated in the first half of 2024, with the project's final scale, scope, and timeline subject to finalizing funding with various stakeholders.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 12:32 pm

ZYXI

Zynex Inc's board of directors has approved a $20 million share repurchase program, set to commence on November 1, 2023. The company recently initiated a process to evaluate potential strategic alternatives and has retained Cantor Fitzgerald & Co. as its financial advisor. Zynex expects to finance the purchases with existing cash balances. The company reported Q3 revenues of $49.9 million, up 20% Y/Y.

Portfolio Pulse from Vandana Singh

November 01, 2023 | 12:30 pm

ZYXI

Zynex's Board of Directors has approved a program to repurchase up to $20M of the company's common stock.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 12:30 pm

IBIO

iBio, Inc. (IBIO) has announced the expansion of its AI-powered technology stack with the launch of ShieldTx, a patent-pending antibody masking technology. This technology is designed to enable specific, highly targeted antibody delivery to diseased tissue without harming healthy tissue. The company used ShieldTx to develop masks for its MUC16-targeted bispecific antibody candidates, which were previously developed using iBio's patented Epitope Steering and EngageTx™ AI Platforms. The new technology could potentially increase the safety and developability of therapeutic antibodies for difficult targets and modes of action.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 12:29 pm