Streetbeat News

Equity Actions

LFLY

Leafly Holdings (NASDAQ: LFLY) has announced a 1-for-20 reverse stock split of its common stock, effective from September 12, 2023. The move is aimed at maintaining the company's listing on the Nasdaq by meeting the minimum bid price requirement. The stock will continue to trade under the symbol 'LFLY'. The company's public warrants will also continue trading under the symbol 'LFLYW'. No fractional shares will be issued as a result of the split.

Portfolio Pulse from Maureen Meehan

September 12, 2023 | 12:41 pm

LYFT

Lyft has introduced a new feature called Women+ Connect, which prioritizes matches between women and nonbinary drivers and riders. The feature will initially roll out in select US cities including Chicago, Phoenix, San Diego, San Francisco, and San Jose. Lyft CEO David Risher stated that the feature aims to provide more earning opportunities for women and nonbinary people and give riders more choice.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 12:37 pm

AER

AerCap's shares are trading lower after the company priced a secondary offering of 40.66 million ordinary shares by GE Capital US Holdings at $59 per share.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 12:25 pm

ACLS

Axcelis Technologies, Inc. (ACLS) has announced an additional $200 million funding for its share repurchase program. This move is expected to return value to shareholders and shows the company's confidence in its future growth.

Portfolio Pulse from Bill Haddad

September 12, 2023 | 12:20 pm

AVTX

Avalo Therapeutics has agreed to divest its AVTX-800 series, leading to a rise in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 12:18 pm

TNON

Tenon Medical has withdrawn its proposed public offering of shares of its common stock.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 12:07 pm

GDDY

Starboard Value LP, a significant shareholder in GoDaddy Inc., believes the company is 'deeply undervalued' and sees 'significant opportunities for shareholder value creation'. Starboard remains open to reaching a 'constructive resolution' with GoDaddy's board.

Portfolio Pulse from Bill Haddad

September 12, 2023 | 12:05 pm

GDDY

Starboard Value has sent a letter to GoDaddy, expressing belief that there are opportunities to significantly improve GoDaddy's growth and profitability through meaningful margin expansion.

Portfolio Pulse from Bill Haddad

September 12, 2023 | 12:04 pm

WFC

Wells Fargo's CFO has stated that the company will continue to build its investment banking business. This comes as part of the bank's strategy to diversify its revenue streams.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 11:54 am

JAZZ

Jazz Pharmaceuticals (NASDAQ:JAZZ) has announced the promotion of CFO Renée Galá to President and COO, effective October 1, 2023. The current President and COO, Dan Swisher, is set to retire but will continue in a strategic advisor role until March 2024. The company will initiate an external search for a new CFO.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 11:32 am