Streetbeat News

Equity Actions

AMTD

AMTD IDEA Group (NYSE:AMTD) has announced a new share repurchase program, authorizing the repurchase of up to $20 million of its American depositary shares or ordinary shares until December 29, 2023. The repurchases will be funded from the company's existing cash balance.

Portfolio Pulse from Happy Mohamed

August 22, 2023 | 1:39 pm

VHC

VirnetX Holding Corporation (NYSE:VHC) has announced an equity investment in OmniTeq, a provider of military and government AI solutions. VirnetX will become the exclusive provider of cybersecurity solutions for OmniTeq's AI offerings. OmniTeq will sell VirnetX's Matrix and War Room products to their customers and will also participate in selling VirnetX Matrix and War Room secured Samsung display products. The partnership aims to merge artificial intelligence, machine learning, and cybersecurity to protect clients' sensitive data.

Portfolio Pulse from Happy Mohamed

August 22, 2023 | 1:38 pm

FOX

FOXA

RUM

A new poll shows former President Donald Trump leading among Republican voters ahead of the 2024 election, but with a narrower lead in Iowa compared to national surveys. The poll results come ahead of a Republican presidential primary debate that will air on Fox Corporation’s Fox News and stream on Rumble Inc. Trump has announced he will skip the debate, which could potentially impact his lead in future polls.

Portfolio Pulse from Chris Katje

August 22, 2023 | 1:31 pm

GS

JPM

Healthcare software firm Waystar Inc is reportedly planning an initial public offering (IPO) that could value the company at up to $8 billion. The company's current owners, private equity firm EQT AB and the Canada Pension Plan Investment Board, have enlisted Goldman Sachs Group Inc and JPMorgan Chase & Co to guide them through the IPO process. The IPO is expected to take place later this year or early next year, depending on market conditions.

Portfolio Pulse from Vandana Singh

August 22, 2023 | 1:24 pm

HKD

AMTD Digital Inc. has announced a $30 million share repurchase program. The move is aimed at returning value to shareholders and shows confidence in the company's future prospects.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 1:16 pm

AVAV

AeroVironment, Inc. has announced its plan to acquire Tomahawk Robotics, a leader in AI-enabled robotic control systems, for a total purchase price of $120 million, to be paid in a mix of cash and stock. The acquisition will allow for deeper integration of both companies' technology, leading to enhanced interoperability and interconnectivity of unmanned systems. Tomahawk Robotics will become part of the small UAS (SUAS) business unit within AeroVironment's Unmanned Systems segment.

Portfolio Pulse from Happy Mohamed

August 22, 2023 | 1:11 pm

BRQS

Borqs Technologies, a global provider of 5G wireless and IoT solutions, has been granted an extension by the Committee on Foreign Investment in the United States (CFIUS) to complete the divestment of its subsidiary, Holu Hou Energy LLC (HHE), by January 1, 2024. The company is considering a share buyback program and/or a special dividend payout after the divestment.

Portfolio Pulse from Happy Mohamed

August 22, 2023 | 1:02 pm

VTGN

Vistagen (NASDAQ:VTGN), a late clinical-stage biopharmaceutical company, has announced the appointment of Cindy Anderson as Chief Financial Officer (CFO), effective August 21, 2023. Anderson, who has nearly two decades of experience in the biotechnology sector, will succeed Jerrold Dotson, who is retiring. Anderson previously served as the Chief Accounting Officer at Alnylam Pharmaceuticals and held various roles at Alexion Pharmaceuticals and Ernst & Young.

Portfolio Pulse from Happy Mohamed

August 22, 2023 | 12:40 pm

SIDU

Satellite manufacturing and space services company, Sidus Space (NASDAQ:SIDU), has acquired Exo-Space, a firm specializing in Edge Artificial Intelligence (AI) software and hardware for space applications. The acquisition is part of Sidus's strategy to tap into the AI sector and expand its offerings in the Earth and Space Observations services market. The deal, which includes cash, stock options, and performance bonus incentives, is expected to have a positive impact on Sidus's EBITDA. Sidus has also issued non-qualified stock option awards to purchase an aggregate of 3,955,212 shares of Class A common stock to certain former employees of Exo-Space.

Portfolio Pulse from Happy Mohamed

August 22, 2023 | 12:32 pm

PMN

TIO

ProMIS Neurosciences shares surged 32.9% in pre-market trading after announcing a $20.4 million private placement financing at $1.88 per unit. Other pre-market gainers include Axcella Health, G Medical Innovations Holdings, Freight Technologies, and Hallmark Financial Services. On the other hand, Tingo Group, MediaCo Holding, China SXT Pharmaceuticals, Dragonfly Energy Holdings, and SOS Limited were among the pre-market losers.

Portfolio Pulse from Lisa Levin

August 22, 2023 | 12:31 pm