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Equity Actions

SLNH

Soluna Holdings, Inc. (SLNH) has announced a 1-for-25 reverse stock split. This action is typically taken by companies to increase the market price of their shares.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 12:12 pm

ENPH

Enphase Energy, Inc. (NASDAQ:ENPH) has announced its entry into the South African solar market with the introduction of IQ8 Microinverters for grid-tied residential and small commercial applications. The move comes at a time when solar energy in South Africa is experiencing significant growth, with installed rooftop solar capacity increasing by 349% in just over a year. The IQ8 Microinverters are designed to maximize energy production and support higher powered solar modules. The company's products are now available for order in South Africa.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 12:09 pm

LGVN

Longeveron Inc. (NASDAQ:LGVN) has announced a registered direct offering of 2,424,243 shares of its common stock at a price of $1.65 per share, priced at-the-market under Nasdaq rules. The company also plans to issue and sell unregistered Series A and B warrants to purchase up to an aggregate of 2,424,243 shares of its common stock. The gross proceeds from the offering are expected to be approximately $4 million, which will be used to fund the ongoing clinical and regulatory development of Lomecel-B™ and for capital expenditures, working capital and general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 12:08 pm

SIDU

Sidus Space, Inc. (NASDAQ:SIDU) has announced a securities purchase agreement with institutional investors for the sale of 2,000 shares of its Series A Convertible Preferred Stock at $1,000 per share in a registered direct offering. Additionally, Sidus will issue unregistered warrants to purchase up to 19,700,552 shares of common stock in a concurrent private placement. The gross proceeds from the offering are expected to be approximately $2.0 million, which Sidus intends to use for working capital.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 12:02 pm

HRL

Hormel Foods is set to outline its updated strategic priorities at the 2023 Investor Day. These priorities are aligned with its segments and enterprise objectives.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 11:36 am

AMR

Alpha Metallurgical Resources has disclosed its preliminary sales volumes and realizations for Q3. The company has also lowered its FY23 metallurgical coal shipment guidance to 14.8M-15.2M tons from 15.0M-16.0M tons.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 11:34 am

HRL

Hormel Foods plans to accelerate investment, transformation, and modernization initiatives over the next three years. The company aims for meaningful earnings growth and a return to its historical earnings trajectory.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 11:33 am

DOGEUSD

Billy Markus, co-creator of Dogecoin, expressed concerns about the funding and productivity of the meme cryptocurrency's development. He highlighted the challenge of funding Dogecoin’s development in the absence of a premine or presale typical of other cryptocurrencies. He noted that the community had donated a total of approximately $40,000 over ten years, with the majority of contributions occurring within the first six months. Markus also expressed his thoughts on the state of the Dogecoin community, stating that the Dogecoin community has been “dead” for more than a year.

Portfolio Pulse from Mehab Qureshi

October 12, 2023 | 11:33 am

BLRX

BioLineRx Ltd. (NASDAQ:BLRX) has closed an exclusive license agreement with Guangzhou Gloria Biosciences Co., Ltd. for the development of motixafortide in Asia. The agreement includes a $15 million upfront payment, up to $50 million in potential development and regulatory milestones in China and Japan, and up to $200 million in potential commercial milestones. Additionally, a $14.6 million equity investment was made in BioLineRx through the purchase of newly issued American Depositary Shares.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 11:05 am

DAL

Delta Air Lines has updated its FY23 EPS guidance, now expecting an adjusted EPS of $6.00 - $6.25, compared to the previous range of $6-$7 and a consensus of $6.04. The company also forecasts total revenue growth of approximately 20% and an operating margin of around 11.5%.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 10:36 am