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Equity Actions

SVFD

Save Foods, Inc. (NASDAQ:SVFD) has increased its investment in Plantify Foods, Inc. (TSXV:PTFY) by purchasing an additional 55,004,349 common shares, making it the largest shareholder with 23.13% of Plantify's issued and outstanding share capital. Save Foods' CEO, David Palach, expressed his belief in Plantify's potential and commitment to sustainable food production. The decision to increase the investment was based on the potential synergies between the two companies and the rapid global growth in interest and sales of Plantify's products.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 1:15 pm

BTCUSD

ETHUSD

Invesco and Galaxy Digital have filed for a spot Ethereum ETF named Invesco Galaxy Ethereum ETF. This move involves Galaxy Digital Funds which will manage the sale of Ethereum. The ETF will directly hold ether. Futures-based Ether ETFs are expected to open trade soon. Other companies such as VanEck, Valkyrie, Bitwise, and Hashdex are also preparing to launch their Ether ETFs.

Portfolio Pulse from Khyathi Dalal

October 02, 2023 | 1:00 pm

RETO

ReTo Eco-Solutions, Inc. (NASDAQ:RETO) has announced a $15M registered direct offering and a $10M concurrent private placement. The company plans to use the net proceeds from these offerings to fund business growth in China and other global regions, acquisition or investment in technologies, products and businesses, and for working capital and general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 12:51 pm

NRSN

NeuroSense Therapeutics has announced the termination of its At-The-Market (ATM) equity offering program, effective October 4th, 2023. The company is fully funded beyond the clinical Phase 2b ALS results, with topline critical data expected in Q4 2023. The company's funding extends into Q2 2024.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 12:50 pm

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