Streetbeat News

Equity Actions

ATAI

Atai Life Sciences AG (NASDAQ:ATAI) and IntelGenx Technologies Corp. have completed transactions related to a non-brokered offering of units. The transactions include amendments to a loan agreement and a subscription agreement, providing Atai with the ability to convert the principal and accrued interest into IntelGenx's common stock and the right to purchase additional units. Following the transactions, Atai would beneficially own or control approximately 63.4% of the issued and outstanding shares of IntelGenx.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 12:08 pm

ELYS

Elys Game Technology, Corp. (NASDAQ:ELYS) announced the expansion of its footprint in Washington, D.C. with the addition of a third sportsbook location, Grand Central Sportsbook on H Street. The new location builds on the success of both the Grand Central Restaurant and Sportsbook and the Cloakroom Gentlemen's Club Over Under Sportsbook Lounge. The company is actively seeking opportunities for program expansion and is positioned to capitalize on the burgeoning market as more states embrace the small business sportsbook concept.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 12:07 pm

ITGR

Integer Holdings Corporation has appointed Diron Smith as the Executive Vice President and Chief Financial Officer, effective from October 9, 2023. Smith, who currently serves as the company's Vice President and Interim CFO, joined the company in August 2021. He previously held various finance roles at Tiffany & Co. and General Electric. Smith will receive an annual base salary of $440,000, along with other benefits.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 12:06 pm

COHR

DNZOF

MIELF

Coherent Corp. (NYSE:COHR) has secured a $1 billion investment from Mitsubishi Electric Corp. (OTC:MIELF) and DENSO CORPORATION (OTC:DNZOF) for its silicon carbide business. Each company will invest $500 million for a 12.5% non-controlling ownership interest. The deal will increase Coherent's free cash flow and provide greater financial and operational flexibility. Coherent will also establish long-term supply agreements with DENSO and Mitsubishi Electric.

Portfolio Pulse from Nabaparna Bhattacharya

October 10, 2023 | 12:02 pm

ZVRA

Zevra Therapeutics, Inc. (NASDAQ:ZVRA) has announced that Neil F. McFarlane will take over as President and CEO, succeeding interim CEO Christal M.M. Mickle, effective October 10, 2023. Mickle will continue in her role as Chief Development Officer. The company also confirmed the retirement of Joseph B. Saluri from the Board of Directors.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 11:34 am

EA

B of A Securities analyst Omar Dessouky has upgraded Electronic Arts (NASDAQ:EA) from Neutral to Buy and raised the price target from $145 to $150.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 11:27 am

BA

Boeing Company (NYSE:BA) has won a contract from TAAG Angola Airlines for four 787 Dreamliner jets. The deal aligns with TAAG Angola Airlines' fleet renewal plan. The terms of the deal were not disclosed. Boeing's shares are trading higher by 0.54% at $189.51 premarket on the last check Tuesday.

Portfolio Pulse from Lekha Gupta

October 10, 2023 | 11:20 am

CPRT

Copart, Inc. has entered into a strategic investment and partnership deal with Purple Wave, Inc., an online offsite heavy equipment auction company. The terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 11:13 am

BIOR

Biora Therapeutics has announced that as of October 9, 2023, the maximum aggregate offering price of the ATM facility is $37,600,000.

Portfolio Pulse from Charles Gross

October 10, 2023 | 10:53 am

AREB

American Rebel Holdings has filed for the resale of up to 6 million shares of common stock by the selling stockholders. The filing was made with the SEC.

Portfolio Pulse from Charles Gross

October 10, 2023 | 10:42 am