Streetbeat News

Equity Actions

FROG

JFrog has announced the promotion of Ed Grabscheid to the position of CFO, effective from January 1, 2024. The current CFO, Jacob Shulman, will depart at the end of the fiscal year.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 8:19 pm

MIND

MINDP

MIND Technology, Inc. (NASDAQ:MIND) has announced a 1-for-10 reverse stock split for its common stock, effective October 13, 2023. The move is aimed at regaining compliance with the NASDAQ Stock Markets' minimum bid price requirement. The company's board has also declared a quarterly cash dividend on its 9.00% Series A Cumulative Preferred Stock (MINDP) for the third quarter of its fiscal year ending January 31, 2024.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 8:16 pm

INST

Instructure has appointed Peter Walker as its new CFO, effective from November 13. He will be succeeding Dale Bowen.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 8:08 pm

CGC

TRSSF

TerrAscend Corp. (OTCQX:TRSSF) has raised $21 million through two funding rounds and listed on the Toronto Stock Exchange, becoming the first American cannabis multistate operator to trade on the TSX. The company underwent an internal reorganization to reach this milestone, including paying out $30 million of its Michigan debt and Canopy Growth Corp. (NASDAQ:CGC) advertising their $90 million loan to TerrAscend. These moves have allowed TerrAscend to expand its national footprint, including acquisitions in Maryland and potential expansion in New Jersey and Pennsylvania.

Portfolio Pulse from Jelena Martinovic

September 28, 2023 | 8:07 pm

TCRT

James Huang has resigned from his position as Chairman and member of the Board of Alaunos Therapeutics.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 8:04 pm

TNXP

Tonix Pharmaceuticals has announced a proposed public offering. The company plans to use the net proceeds for working capital, general corporate purposes, building out manufacturing and R&D facilities, and acquiring or licensing approved products and products in development.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 8:03 pm

MDGL

Madrigal Pharmaceuticals has announced a proposed $500 million public offering. The company plans to use the proceeds for general corporate purposes, including the development of its clinical and preclinical programs.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 8:02 pm

LVS

Las Vegas Sands Inc.'s (NYSE:LVS) shares are currently trading at $45.67, after a 1.05% decrease. Despite a 16.74% decrease over the past month, the stock has increased by 21.74% over the past year. The company's P/E ratio is 659.43, significantly higher than the aggregate P/E ratio of 30.11 in the Hotels, Restaurants & Leisure industry, indicating that investors expect the company to perform better in the future.

Portfolio Pulse from Benzinga Insights

September 28, 2023 | 7:30 pm

EOSE

TTI

Benchmark analyst Kurt Hallead initiated coverage on Tetra Technologies Inc (TTI) with a Buy rating and price target of $8. The analyst believes TTI is focusing on lithium for EV battery technology, zinc bromide for long-term battery storage, and water recycling from oil and gas operations. These areas are estimated to add $280 million to EBITDA and $8 in equity value. TTI's shares are trading higher by 4.84% at $6.50.

Portfolio Pulse from Lekha Gupta

September 28, 2023 | 7:16 pm

VOD

Vodafone Group Inc.'s (NASDAQ:VOD) share price is currently at $9.56, after a 1.80% drop. Over the past month, the stock increased by 2.63%, but over the past year, it fell by 15.58%. The company's P/E ratio is lower than the aggregate P/E of the Wireless Telecommunication Services industry, indicating that the stock might be undervalued. However, a low P/E ratio can also suggest weak growth prospects or financial instability.

Portfolio Pulse from Benzinga Insights

September 28, 2023 | 7:15 pm