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Equity Actions

MCBS

MetroCity Bankshares, Inc. (NASDAQ:MCBS) has announced a new share repurchase program, authorizing the company to repurchase up to 1,000,000 shares of its common stock. The program will begin on September 6, 2023, and end on September 30, 2024. The repurchases may be made at management's discretion, subject to market conditions, the trading price of the stock, and the company's financial performance.

Portfolio Pulse from Happy Mohamed

September 05, 2023 | 1:01 pm

YOSH

Yoshiharu (YOSH) has authorized a $1M share buyback program. This move is typically a sign of the company's belief in its own undervaluation and can lead to a short-term increase in stock price.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 12:51 pm

MTAL

Metals Acquisition Limited (NYSE:MTAL) has appointed Patrice Merrin as Chair of the Board, replacing Neville Power who has resigned to pursue other opportunities. Merrin previously chaired the predecessor company, Metals Acquisition Corporation, and has served on the board of Glencore Plc.

Portfolio Pulse from Happy Mohamed

September 05, 2023 | 12:39 pm

CRMT

America's Car-Mart, Inc. (NASDAQ:CRMT) has announced that its board of directors has elected current President Doug Campbell to succeed Jeff Williams as CEO and to serve as a director of the Company, effective October 1, 2023. Williams will remain with the Company as CEO Emeritus through the end of fiscal year 2024 and will continue his service on the board. The Company also reported its first quarter fiscal 2024 earnings results.

Portfolio Pulse from Happy Mohamed

September 05, 2023 | 12:33 pm

TOST

Toast (NYSE:TOST) has announced a leadership transition with Aman Narang, Co-Founder and COO, set to become CEO effective January 1, 2024. Current CEO Chris Comparato will remain on the board upon Narang's appointment. Narang has been with the company since its inception and has held various leadership roles. Comparato has led the company through significant growth, including taking the company public in 2021 and growing its customer base to approximately 93,000 restaurant locations.

Portfolio Pulse from Happy Mohamed

September 05, 2023 | 12:31 pm

CLRB

Cellectar Biosciences, Inc. (NASDAQ:CLRB) has announced a private placement financing agreement with institutional investors that could result in gross proceeds of up to $102.9 million. The financing is led by Rosalind Advisors and includes participation from AIGH Capital, ADAR1, Second Line, Nantahala Capital, AuGC, and other investors. The funds will be used to support corporate activities, including the potential accelerated approval and commercialization of iopofosine, Cellectar's lead asset.

Portfolio Pulse from Happy Mohamed

September 05, 2023 | 12:22 pm

BX

Blackstone Group Inc. (BX) shares are trading higher following the announcement that the company will be included in the S&P 500 index.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 12:17 pm

ABNB

Airbnb's shares are trading higher following the announcement that the company will be joining the S&P 500.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 12:17 pm

BWAQ

Blue World Acquisition Corporation (BWAQ) has extended the deadline for its initial business combination from September 2, 2023 to October 2, 2023. The company has deposited $60,000 into its trust account as an extension fee, which was paid by Blue World Holdings Limited, the sponsor of the company.

Portfolio Pulse from Happy Mohamed

September 05, 2023 | 12:10 pm

KLAC

KLA Corp has announced a dividend increase and a new share repurchase plan. The quarterly dividend per share has been raised to $1.45 from $1.30, marking the 14th consecutive annual dividend increase. The company has also declared a new share repurchase authorization of $2 billion, in addition to the remaining $1.6 billion under the original share repurchase authorization. This brings the total share repurchase authorization to around $3.6 billion as of August 31, 2023.

Portfolio Pulse from Lekha Gupta

September 05, 2023 | 12:10 pm