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STSS

STSSW

Sharps Technology, Inc. (NASDAQ: STSS and STSSW) has announced a definitive agreement with institutional investors for a registered direct offering and private placement of common stock and pre-funded warrants. The transactions, priced at the market under Nasdaq rules, are expected to generate approximately $5.6 million in gross proceeds. The company plans to use the net proceeds for working capital and general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 1:16 pm

ST

Sensata Technologies has reaffirmed its Q3 guidance and provided Q4 guidance. The company expects to record charges of $16M-$20M in Q3 of 2023, including severance, site closures, and other costs. It also forecasts Q4 adjusted EPS to be between $0.89 and $0.99, compared to the estimated $0.95.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 1:08 pm

ST

Sensata Technologies has announced a new $500 million share repurchase authorization. This move is expected to return value to shareholders and potentially boost the company's stock price.

Portfolio Pulse from Charles Gross

September 27, 2023 | 1:07 pm

LCID

Lucid Group has opened its first international manufacturing facility in Saudi Arabia, with the capacity to assemble 5,000 vehicles per year initially. The facility is expected to eventually produce 155,000 electric vehicles per year. This move is creating new employment opportunities and supporting the growth of the Kingdom's automotive supply chain.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 1:06 pm

GAN

Gan Limited has announced the appointment of Seamus McGill as its interim CEO, effective from September 26. He will be succeeding Dermot Smurfit.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 12:57 pm

FFIE

Faraday Future Intelligent Electric (FFIE) is in active discussions with strategic investors to alleviate its funding issues. The company also plans to deliver additional FF 91 2.0 Futurist Alliance vehicles to top-tier users this year, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 12:54 pm

FFIE

Faraday Future Intelligent Electric (FFIE) announced an 'at-the-market' equity offering program, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 12:46 pm

KNW

Know Labs announced the pricing of a $7 million public offering of common stock, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 12:42 pm

SPRC

SciSparc has announced that its previously reported 1-for-26 reverse share split is expected to be implemented after the market closes today. This has led to a rise in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 12:41 pm

AAPL

BTCUSD

COST

PAYX

TSLA

The article covers a range of topics including US markets, crypto, politics, electric vehicles, tech, consumer, communication, energy, healthcare, and space. Key points include a potential government shutdown, a 70% drop in Binance.US revenue, Costco and other stocks moving lower, and insider buying of LifeVantage and Motorcar Parts of America. In crypto, Binance.US and Coinbase are facing legal and regulatory challenges. In politics, the White House is preparing for a potential shutdown and Elon Musk alleges regulatory harassment. In electric vehicles, Tesla is expanding its Supercharger network and considering a new project in Texas. In tech, OpenAI is seeking to triple its valuation and Apple faces doubts about its new product. In consumer news, Elon Musk criticizes Biden's support for UAW demands. In energy, NextEra Energy sells Florida City Gas to Chesapeake Utilities.

Portfolio Pulse from Akanksha Bakshi

September 27, 2023 | 12:39 pm