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APCX

Apptech Payments (APCX) has entered into an at-market offering agreement to potentially sell shares of its common stock up to $18 million. The shares will be offered by prospectus supplement.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 1:15 pm

AIN

TXT

Albany International Corp (AIN) has appointed Gunnar Kleveland, a former executive at Textron Inc. (TXT), as its new President and CEO, effective from September 1. Kleveland, who has nearly two decades of industrial and aerospace leadership experience, will succeed Bill Higgins. AIN shares closed higher by 1.86% at $92.13 on Friday.

Portfolio Pulse from Akanksha Bakshi

August 21, 2023 | 1:08 pm

TXT

Textron Inc. (NYSE:TXT) announced new leadership appointments effective August 31, 2023. Rob Scholl, current president & CEO of Textron eAviation, will become president & CEO of Textron Specialized Vehicles Inc. Kriya Shortt, senior vice president, Global Parts & Distribution, at Textron Aviation, will succeed Scholl as president & CEO of Textron eAviation. Both leaders have extensive experience within Textron.

Portfolio Pulse from Happy Mohamed

August 21, 2023 | 1:06 pm

SKLZ

Skillz Inc. (NYSE:SKLZ) has announced that its Board of Directors has approved a share repurchase program, authorizing the company to purchase up to $65 million of its Class A common stock. The Board also authorized management to explore options to repurchase up to $65 million of the company's outstanding 10.25% Senior Secured Notes due 2026. The repurchases may be made at management's discretion and will be funded by the company's existing cash and cash equivalents.

Portfolio Pulse from Happy Mohamed

August 21, 2023 | 1:02 pm

SLGG

Super League Gaming (SLGG) has announced the pricing of its underwritten public offering of 16,923,077 shares of common stock at $0.13 per share, raising a total of $2.2 million.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 12:43 pm

SGBX

Safe & Green Holdings Corp. (NASDAQ:SGBX) has set August 30, 2023, as the record date for the spin-off and Nasdaq listing of its real estate development subsidiary, Safe and Green Development Corporation (SG DevCo). The company plans to distribute 30% of the outstanding shares of SG DevCo to its current shareholders, while retaining 70%. Each SG Holdings stockholder will receive approximately 0.94 shares of SG DevCo for every five shares of SG Holdings held as of the close of business on the record date. The distribution is expected to be paid on or about September 7, 2023.

Portfolio Pulse from Happy Mohamed

August 21, 2023 | 12:37 pm

FWRD

ClearBridge Investments, a significant shareholder in Forward Air Corporation (NASDAQ:FWRD), has sent a letter to the company's board urging them to reconsider the planned acquisition of Omni Logistics. ClearBridge argues that the $3.2 billion acquisition is too large and complex, and would increase Forward Air's financial leverage to uncomfortable levels. The letter also criticizes the lack of shareholder approval for the deal, and suggests that the acquisition has led to a drop in Forward Air's stock price.

Portfolio Pulse from Happy Mohamed

August 21, 2023 | 12:36 pm

MWA

Mueller Water Products has announced a series of executive changes. CEO Scott Hall has stepped down and Martie Zakas has been named as interim CEO. Steve Heinrichs has been appointed as CFO, and Paul McAndrew as COO.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 12:34 pm

AREC

American Resources Corporation (NASDAQ: AREC) has expanded the executive team of its subsidiary, ReElement Technologies, with the appointment of Ben Wrightsman as President. Wrightsman, former CEO of the Battery Innovation Center, will work to expand the business geographically and through commercial partnerships. ReElement, a provider of high performance refining capacity of rare earth and battery elements, is currently scaling its first rare earth and critical element recycling facility in Noblesville, Indiana and evaluating additional sites for both standalone and co-located facilities.

Portfolio Pulse from Happy Mohamed

August 21, 2023 | 12:34 pm

DELL

GPN

META

QCOM

Insiders at Meta Platforms, Dell Technologies, Global Payments, and Qualcomm have recently sold significant amounts of shares. This could indicate concerns about the companies' prospects or that the insiders view the stocks as overpriced. However, insider sales should not be the sole indicator for investment decisions. Meta is launching a web version of its Threads app, Dell is ramping up its AI server builds, Global Payments reported strong Q2 earnings and raised its FY23 guidance, and Qualcomm is required to secure EU antitrust consent for its acquisition of Autotalks.

Portfolio Pulse from Lisa Levin

August 21, 2023 | 12:31 pm