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Equity Actions

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KULR Technology Group has withdrawn its proposed public offering due to market volatility.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

DTSS

Datasea Inc. (NASDAQ:DTSS) has announced a $4 million private placement priced at $1.35 per share, a 125% premium over the current share price. The initial payment of $714,285.71 has been received by the company, with a subsequent payment of $3,285,714.29 due by October 15, 2023. The securities will remain restricted for six months. The capital raised will be used for Datasea's strategic expansion into the US market.

Portfolio Pulse from Happy Mohamed

August 17, 2023 | 1:02 pm

SNPS

Synopsys, Inc. (NASDAQ:SNPS) reported better-than-expected Q3 results with earnings of $2.88 per share and sales of $1.49 billion, beating analyst consensus estimates. The company estimates full-year revenue growth between 14% and 15%, and earnings per share growth between 24% and 25%. Following the earnings announcement, Keybanc, Baird, and Rosenblatt raised their price targets on Synopsys. The company also announced leadership changes with Sassine Ghazi becoming CEO effective Jan. 1.

Portfolio Pulse from Lisa Levin

August 17, 2023 | 12:55 pm

AZUL

Azul S.A. has announced the results of its offer to purchase up to $55.9M of its outstanding 11.500% Senior Secured Second Out Notes due 2029. The aggregate principal amount of the Notes validly tendered and not validly withdrawn was $285.1M, which exceeds the Maximum Repurchase Amount. Therefore, the notes will be subject to proration. The Issuer expects to accept for purchase $55.9M aggregate principal amount of the Notes, leaving $238.3M aggregate principal amount of the Notes outstanding.

Portfolio Pulse from Happy Mohamed

August 17, 2023 | 12:45 pm

METX

Meten Holding Group has announced a name change to BTC Digital Ltd., effective from August 11. The change will be reflected on Nasdaq from August 18.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 12:41 pm

CHGG

Chegg Inc (NYSE:CHGG) shares are trading higher after the company increased its share buyback program by $200 million. The company had approximately $89 million remaining on the buyback before authorizing the additional $200 million. The repurchase program has no expiration date and the company plans to fund any repurchases with its existing cash balance and future cash flow from operations.

Portfolio Pulse from Adam Eckert

August 17, 2023 | 12:40 pm