Streetbeat News

Equity Actions

CREX

Creative Realities announced the pricing of its $6 million public offering of 3,000,000 shares of common stock at $2 per share. Following the announcement, the company's shares traded lower.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 2:09 pm

AHI

CREX

EMKR

SUNL

TIVC

TRMR

US stocks traded higher with the Dow Jones gaining over 50 points. Energy shares rose by 2% while health care shares fell by 0.2%. US initial jobless claims declined by 11,000 to 239,000. Sunlight Financial Holdings, Tivic Health Systems, and Advanced Health Intelligence saw significant gains in their shares. Creative Realities, EMCORE Corporation, and Tremor International saw a drop in their shares.

Portfolio Pulse from Lisa Levin

August 17, 2023 | 1:54 pm

MULN

Mullen Automotive Inc (NASDAQ:MULN) announced a $25 million buyback, having already repurchased 3.7 million shares. CEO David Michery also purchased 102,040 shares, citing the company's belief that its stock is undervalued. Mullen has until September 5 to meet the Nasdaq's minimum bid price requirement of $1 per share.

Portfolio Pulse from Adam Eckert

August 17, 2023 | 1:53 pm

GDRX

KeyBanc has issued a note on GoodRx Holdings (GDRX) stating that the impact of Blue Shield of California's plan to drop CVS Caremark as its Pharmacy Benefit Manager would be minimal, affecting approximately 4% of total Caremark members.

Portfolio Pulse from Happy Mohamed

August 17, 2023 | 1:47 pm

SFL

SFL Corp Ltd reported Q2 FY23 revenue of $164.56 million, missing the consensus of $175.23 million. However, Q2 EPS of $0.13 beat the estimate of $0.07. The company declared a quarterly dividend per share of $0.24. SFL's Board of Directors authorized the repurchase of up to $100 million in common shares, with approximately $90 million remaining under the program. SFL shares are trading lower by 1.99% at $10.36.

Portfolio Pulse from Lekha Gupta

August 17, 2023 | 1:44 pm

KULR

KULR Technology Group has withdrawn its proposed public offering due to market volatility. The decision was made to protect the interests of the company and its shareholders.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 1:25 pm

DWAC

Digital World Acquisition Corp. (DWAC) has postponed its special meeting of stockholders from August 17, 2023, to September 5, 2023. The meeting is to consider an amendment that would extend the time for the company to complete a business combination, cease operations if it fails to do so, and redeem or repurchase 100% of the company's Class A common stock up to four times, each by an additional three months, for a total of 12 additional months.

Portfolio Pulse from Happy Mohamed

August 17, 2023 | 1:20 pm

JUPW

Jupiter Wellness, Inc. (NASDAQ:JUPW) has announced the production of Safety Shot, the world's first rapid blood alcohol detox drink, which is set to launch in Q4 2023. The product, recently acquired by Jupiter Wellness, can lower blood alcohol content by up to 50% in just 30 minutes. The hangover remedies market, in which Safety Shot will be positioned, was valued at $1.56 billion in 2020 and is projected to grow at a CAGR of 14.6% from 2021 to 2028.

Portfolio Pulse from Happy Mohamed

August 17, 2023 | 1:18 pm

DWAC

Digital World Acquisition Corp. (DWAC) has postponed its special meeting of stockholders and is urging all stockholders to vote for the extension amendment. This will provide the company additional time to complete a business combination.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 1:14 pm

BE

Bloom Energy (NYSE:BE) has installed the first phase of a 10 megawatt (MW) solid oxide fuel cell contract with Unimicron Technology Corp., a chip substrate and printed circuit board maker in Taiwan. The installation was delivered within five months from order and commissioned within three weeks from delivery. The first 600 kilowatt (kW) Energy Server was installed at a Unimicron plant, providing clean, reliable power to Unimicron's clean rooms and mission-critical operations. Taiwan is the fourth Asian country to deploy Bloom fuel cell systems.

Portfolio Pulse from Happy Mohamed

August 17, 2023 | 1:09 pm