Streetbeat News

Equity Actions

SKYE

Skye Bioscience has raised $17 million in new capital and acquired Bird Rock Bio Inc. The funding was led by 5AM Ventures, Versant Ventures and another investor. Skye issued 581.4 million shares of its common stock at a price of approximately $0.021 per share and 557.2 million common shares to the existing preferred shareholders of Bird Rock. Skye also issued a short-term convertible note with a principal amount of $5 million. The company also plans a 1:250 reverse stock split and aims to uplist to a national stock exchange.

Portfolio Pulse from Vuk Zdinjak

August 21, 2023 | 12:29 pm

MOGO

Mogo Inc. has announced a new share buyback program on the Toronto Stock Exchange (TSX), in addition to its existing program on NASDAQ. Under the new program, Mogo may purchase up to 2,183,000 common shares, representing about 10% of the public float of Mogo's outstanding common shares. The company believes that the market price of its common shares may not accurately reflect their underlying value, and thus, purchasing the common shares for cancellation under the buyback programs may enhance long-term shareholder value.

Portfolio Pulse from Happy Mohamed

August 21, 2023 | 12:18 pm

ZING

FTAC Zeus Acquisition Corp. (NASDAQ:ZING) has announced the cancellation of its special meeting scheduled for August 21, 2023, and the redemption of all outstanding shares of Class A common stock at a per-share redemption price of approximately $10.49. The company will dissolve and liquidate as it will not consummate an initial business combination within the required time period. The company's securities are expected to be delisted from the Nasdaq Stock Market LLC and cease trading as of the close of business on August 22, 2023.

Portfolio Pulse from Happy Mohamed

August 21, 2023 | 12:16 pm

CVX

Chevron has decided to terminate its exchange offer and consent solicitation.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 12:15 pm

GWAV

Greenwave Technology Solutions has announced a registered direct offering priced above market at $3.2 million.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 12:15 pm

AEP

American Electric Power (AEP) has announced changes to its board of directors. Julie Sloat, currently AEP's president and CEO, has been elected as the new chair of the board, effective from October 2. Nicholas K. Akins will retire and step down from his position as executive chair of AEP's board on October 1. Additionally, Daniel G. Stoddard, a retired senior vice president from Dominion Energy, has been elected to the board. Oliver G. Richard III has resigned from the board for personal reasons.

Portfolio Pulse from Happy Mohamed

August 21, 2023 | 12:14 pm

STRW

Strawberry Fields REIT, Inc. has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) for a proposed underwritten public offering. The timing, number of shares, and price range for the offering have not yet been determined and will depend on market conditions. The registration statement has not yet been declared effective by the SEC.

Portfolio Pulse from Happy Mohamed

August 21, 2023 | 12:10 pm

JUPW

Douglas Mckinnon has resigned from his position as CFO of Jupiter Wellness. The board has appointed Markita L. Russell as the new CFO.

Portfolio Pulse from Happy Mohamed

August 21, 2023 | 12:08 pm

FRPT

Freshpet, Inc. (NASDAQ:FRPT) has entered into a cooperation agreement with JANA Partners, one of its largest shareholders. As part of the agreement, Freshpet has appointed Timothy McLevish, former CFO of Kraft Foods, and Joseph E. Scalzo, former CEO of Simply Good Foods, to its Board of Directors. The new directors bring extensive experience in consumer packaged goods and financial leadership. JANA Partners has agreed to withdraw its director nominations and support the Board's slate of directors at the 2023 Annual Meeting of Shareholders.

Portfolio Pulse from Happy Mohamed

August 21, 2023 | 12:06 pm

CANO

Cano Health, a leading value-based primary care provider, has appointed Mark Kent as its permanent CEO, effective immediately. Kent, who has been serving as interim CEO since June 16, 2023, replaces Dr. Marlow Hernandez who has stepped down. Kent has a strong background in healthcare, having founded three startup healthcare companies and served in senior executive roles, including CEO of Women's Health Care Hospital and CEO & Regional President of all Humana-owned, Florida-based primary care practices.

Portfolio Pulse from Happy Mohamed

August 21, 2023 | 12:05 pm