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SEB

Seaboard Corporation has announced a share repurchase of 189,724 shares at $3,162.50 per share.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 12:45 pm

LIXT

LIXTE Biotechnology Holdings, Inc. (NASDAQ:LIXT) announced the passing of its founder and Executive Chairman, John S. Kovach, M.D. Dr. Kovach founded the company in 2005 and served as LIXTE's President and CEO until September 26, 2023. He was succeeded by Bas van der Baan. The company is developing a novel class of cancer therapy called PP2A inhibitors.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 12:38 pm

DM

SSYS

Desktop Metal, Inc. (NYSE:DM) has announced the termination of its shareholder rights plan in connection with the termination of the merger agreement with Stratasys Ltd. (NASDAQ:SSYS). The amendment to the rights agreement will be detailed in a Form 8-K to be filed with the SEC.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 12:35 pm

MAMA

Mama's Creations, Inc. (NASDAQ:MAMA) announced the retirement of COO Matthew Brown at the end of fiscal Q3 2024. Eric Felice and Ray Geer have been promoted to Vice Presidents of Operations at the company's East Rutherford and Farmingdale facilities respectively. EVP Steve Burns has expanded his responsibilities as Chief Administrative Officer, and Anthony Morello, President of T&L Creative Salads and Olive Branch, will also broaden his responsibilities to accelerate the company's operational load sharing and redundancy efforts.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 12:35 pm

CLMB

Climb Global Solutions, Inc. (NASDAQ:CLMB) has acquired DataSolutions Holdings Limited, a leading IT and security solutions distributor in Ireland and the UK, for $16.3 million. The acquisition is expected to be accretive to earnings and adjusted EBITDA. DataSolutions brings its robust share of the Irish and UK markets to Climb, along with 14 blue-chip vendor partners. The acquisition is expected to enhance Climb's gross profit and adjusted EBITDA margins, and fortify its foundation for long-term growth.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 12:31 pm

ASPI

ASP Isotopes Inc. (NASDAQ:ASPI) has announced a private placement of approximately 9 million shares of its common stock at a price of $0.9105 per share, expected to generate around $8 million in gross proceeds. The placement was oversubscribed and priced 'At the Market' under NASDAQ rules. The Tees River Critical Resources Fund intends to take a significant percentage of the placement, increasing its total ownership to around 14%. The proceeds will be used for working capital and other general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 12:22 pm

FXI

SPY

U.S. Senator Schumer has expressed the need to remove restrictions and open up Chinese markets. This could potentially impact the performance of ETFs like FXI and SPY.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 12:14 pm

STNE

StoneCo has announced a series of organizational changes to prioritize client segments and software integration. The Financial Services segment will be led by Victor Lino, Mateus Biselli, and Sandro Bassili, each responsible for a specific client category. Sandro Bassili will also lead the Software business. Other executives will assume new responsibilities, including Fabio Kapitanovas, Lia Matos, João Bernartt, and Marcus Fontoura. Carolina da Costa has joined StoneCo to lead Impact and Sustainability initiatives. Caio Fiuza has left the company after a 6-year tenure.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 12:13 pm

ILMN

VGK

EU regulators are set to order Illumina to sell its $8 billion cancer treatment group. This move is due to concerns over the company's dominance in the gene sequencing market.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 12:10 pm

ENPH

Enphase Energy, Inc. (NASDAQ:ENPH) has expanded its agreement with German-based climate tech startup 1KOMMA5° to enter the solar markets in Sweden and Denmark. The deal will see 1KOMMA5° offer Enphase's Energy Systems, powered by IQ8 Microinverters and IQ Batteries. The devices will be integrated into 1KOMMA5°'s proprietary energy IoT system, Heartbeat, and become part of their virtual power plant. The Enphase Energy System with IQ Batteries offers configurations ranging from 3.5kWh to an aggregate 42kWh and can be upgraded throughout the lifetime of the system.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 12:08 pm