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Equity Actions

SYRS

Syros Pharmaceuticals (NASDAQ:SYRS) announced a strategic realignment and CEO transition. Conley Chee, CCO and CBO, will succeed Nancy Simonian as CEO, effective December 1, 2023. The company plans a workforce reduction of approximately 35% to focus on late-stage development of tamibarotene in MDS and AML. Syros will stop further investment in SY-2101 due to capital constraints. The company is preparing to report initial data from SELECT-AML-1 later this year and pivotal data from SELECT-MDS-1 next year.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 12:49 pm

ARMK

Aramark has completed the spin off of its uniform and workplace supplies business, Vestis, causing its shares to trade lower.

Portfolio Pulse from Luke J Jacobi

October 02, 2023 | 12:48 pm

GOEV

Canoo has entered into a $45M convertible preferred stock purchase agreement with a foreign strategic institutional investor. The agreement could potentially be upsized to $150M. The investor has the right to convert its preferred stock into common stock at a conversion price of 120% of the average closing prices per share of the common stock over the preceding ten trading days. The company also issued warrants to the investor to purchase 22.96 million shares of common stock.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 12:39 pm

ETHE

ETHUSD

Grayscale Investments, the world's largest crypto asset manager, has announced that NYSE Arca has filed Form 19b-4 with the SEC to convert Grayscale Ethereum Trust (ETHE) to a spot Ethereum ETF. This follows the SEC's clearance of the first Ethereum futures ETFs. ETHE, launched in March 2019, is the largest Ether investment vehicle in the world, with assets under management of nearly $5b, representing 2.5% of all Ether in circulation.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 12:37 pm

INBS

Intelligent Bio Solutions has announced the pricing of its $4M underwritten public offering at $0.55 per unit.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 12:36 pm

VOXX

VOXX International Corporation (NASDAQ:VOXX) has extended the employment agreement of CEO Pat Lavelle through February 2025. The company also announced changes to its executive leadership and board of directors effective from March 1, 2024. Loriann Shelton, currently serving as Senior Vice President and COO, will become CFO, replacing Michael Stoehr, who will transition to the role of Senior Vice President and Treasurer.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 12:35 pm

K

Kellanova has completed the spin off of its cereal division, WK Kellogg. Kellanova shareholders will receive 1 share of WK Kellogg for each Kellanova share owned, which has led to a decrease in Kellanova's share price.

Portfolio Pulse from Luke J Jacobi

October 02, 2023 | 12:32 pm

BNOX

Point72 Asset Management, L.P. has acquired an 8.1% stake in Bionomics, according to a 13G filing with the SEC.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 12:27 pm

DHR

Danaher Corporation has spun off its Veralto division, causing its shares to trade lower. Danaher shareholders received 1 share of Veralto for every 3 shares of Danaher they own.

Portfolio Pulse from Luke J Jacobi

October 02, 2023 | 12:26 pm

EAST

Eastside Distilling has completed a debt-for-equity exchange, converting $6.51M of outstanding debt into equity at $3.05/share. This has significantly reduced the company's debt and improved its near-term cash flow. The transaction has also extended the maturities of a significant portion of the remaining debt to March 2025 and will enable the company to regain compliance with the NASDAQ's Shareholders Equity requirement.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 12:23 pm