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INTC

Intel has announced the development of industry-leading glass substrates for next-generation advanced packaging, which will enable the continued scaling of transistors in a package and advance Moore's Law. The glass substrates offer properties such as ultra-low flatness and better thermal and mechanical stability, resulting in higher interconnect density in a substrate. This will allow chip architects to create high-density, high-performance chip packages for data-intensive workloads such as AI. Intel plans to deliver complete glass substrate solutions to the market in the second half of this decade.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 1:03 pm

CGC

Canopy Growth Corporation has announced a private placement of up to $50 million, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 1:01 pm

IBEX

IBEX Limited (NASDAQ:IBEX) has announced a share repurchase program, under which the company may repurchase up to $30 million of its shares over the next 6 months. The repurchase program reflects the board's and management's confidence in the company's growth trajectory. The company's proposed repurchases may be made through various means, depending on market conditions and in accordance with applicable rules and regulations. The program does not obligate the company to acquire any particular amount of ordinary shares, and it may be suspended or discontinued at any time at the company's discretion.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 1:00 pm

KIM

Kimco Realty has announced a $500 million offering of common stock, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 12:50 pm

GPP

GPRE

Green Plains Inc. (GPRE) and Green Plains Partners LP (GPP) have announced a definitive merger agreement. GPRE will acquire all publicly held common units of GPP not already owned by GPRE and its affiliates in exchange for GPRE common stock and cash. The merger is expected to simplify GPRE's corporate structure, generate near-term earnings and cash flow, reduce SG&A expense related to GPP, and improve the credit quality of the combined enterprise. The transaction is expected to close in Q4 2023.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 12:34 pm

F

GM

STLA

Stellantis has increased its offer to United Auto Workers (UAW) members to include pay raises of nearly 21%, including an immediate 10% increase. The proposal comes amid ongoing strikes and is in line with proposals from Ford and General Motors. The company also offered an inflation protection measure and committed over $1 billion for improvements in pension and retirement savings plans. Meanwhile, negotiations between Ford, GM, and the UAW have resumed.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 12:27 pm

VLCN

Volcon Inc has filed for an offering of 1.4 million shares of its common stock.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 12:15 pm

IZM

ICZOOM Group Inc. (NASDAQ:IZM), a B2B electronic component products e-commerce platform, has detailed its accelerated growth and market expansion strategy. The company has leveraged its strengthened balance sheet and global brand following its successful Nasdaq listing. ICZOOM reported $290.4 million in revenue for the fiscal year 2022, attributing its success to its focus on serving small and medium-sized enterprises in China's electronic component market. The company plans to leverage its balance sheet to support growth opportunities, driven by high demand for its anonymous trading platform and broader market drivers such as AI proliferation and electronic component growth in various industries.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 12:14 pm

AMKR

Amkor Technology, Inc. (NASDAQ:AMKR) has been added to the PHLX Semiconductor Sector Index (SOX), effective from September 18, 2023. The inclusion is a reflection of the company's strategic focus and financial transformation. The SOX index measures the performance of the 30 largest US-listed semiconductor companies. Amkor was previously added to the S&P MidCap 400 index in February 2021.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 12:13 pm

SRFM

Surf Air Mobility Inc.'s co-founder, Sudhin Shahani, and chairman, Carl Albert, have purchased 140,145 and 75,585 shares, respectively, of the company's common stock in an open market transaction. This move reaffirms their commitment to the company.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 12:08 pm