Streetbeat News

Equity Actions

ASUR

Asure Software, Inc. (NASDAQ:ASUR) has announced the pricing of a secondary public offering of 3.33 million newly issued shares at $12.00 per share, expecting to raise approximately $40 million. The company has also granted underwriters a 30-day over-allotment option to purchase up to an additional 500,000 shares. The proceeds will be used for general corporate purposes, potential acquisitions or investments, and possibly to repay outstanding debt.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 7:42 am

ACHR

DNA

EXAS

NTLA

RXRX

SHOP

Ark Invest, led by Cathie Wood, has continued to buy shares of Archer Aviation Inc (ACHR), a flying taxi company, with a recent purchase valued at $16 million. This comes after Archer secured a $215 million equity investment from industry giants like Boeing Co, Stellantis N.V., and United Airlines. In contrast, Ark Invest sold Shopify Inc (SHOP) shares worth $10.08 million. Other trades included purchases of Recurson Pharmaceuticals (RXRX), Ginkgo Bioworks Holdings Inc (DNA), and Intellia Therapeutics Inc (NTLA), and selling of Exact Sciences Corp (EXAS) shares.

Portfolio Pulse from Benzinga Neuro

August 17, 2023 | 1:59 am

GOLF

MODG

SPGC

Sacks Parente Golf, Inc. (NASDAQ:SPGC) went public at $4 a share and closed Tuesday trading at around $26 a share, marking a 600% gain. However, the stock dropped more than 80% on Wednesday, closing at $4.54. The company, which makes luxury putters, has yet to turn a profit. Other golf stocks have had mixed performance in 2023, with Acushnet Holdings Corp (NYSE:GOLF) up more than 25% and Topgolf Callaway Brands Corp (NYSE:MODG) down about 16% on the year.

Portfolio Pulse from Aaron Bry

August 16, 2023 | 10:43 pm

CHEK

Check-Cap security holders and Keystone Dental security holders are expected to own 15% and 85% of the combined company respectively. The equity valuations for Check-Cap and Keystone Dental are $39.7 million and $225 million respectively.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 9:13 pm

SNPS

Semiconductor supplier Synopsys, Inc. (NASDAQ:SNPS) reported better-than-expected Q3 results and issued guidance. The company also announced that Sassine Ghazi will become CEO effective Jan. 1, with current CEO Aart de Geus transitioning to executive chair. Synopsys reported Q3 earnings of $2.88 per share, beating the analyst consensus estimate of $2.74, and sales of $1.49 billion, beating the estimate of $1.48 billion. The company estimates full-year revenue growth between 14% and 15%, and EPS growth between 24% and 25%.

Portfolio Pulse from Ryan Gustafson

August 16, 2023 | 9:13 pm

ALIT

Alight Inc. has entered into a repurchase agreement with selling stockholders to purchase approximately $10 million shares of common stock. The transaction will be privately negotiated and will occur concurrently with the closing of the offering.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 8:34 pm

ALIT

Alight, Inc. (NYSE:ALIT) has announced a secondary public offering of up to 22.5 million shares of its Class A common stock by certain funds affiliated with Blackstone Inc., Jasmine Ventures Pte. Ltd., and Platinum Falcon B 2018 RSC Ltd. The company has also entered into a repurchase agreement with the selling stockholders to repurchase an aggregate of $10 million of shares concurrently with the closing of the offering. The offering is expected to close on August 22, 2023.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 8:33 pm

CHGG

Chegg has announced an increase in the authorization of its securities repurchase program by $200 million.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 8:32 pm

WMT

Walmart has announced Kathryn McLay as the new Executive Vice President, President, and CEO of Walmart International, effective from September 11, 2023. She will be replacing Judith McKenna, who plans to retire.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 8:32 pm

AAPL

AMZN

GOOG

MSFT

Google is reportedly developing an AI-enhanced life coach tool, which is expected to offer solutions for users' personal challenges. The tool is being developed by Google DeepMind, Alphabet's AI research unit. The tool is expected to answer intimate questions and provide tutoring functions. However, it is not yet clear when the tool will be released. The development of this tool could give Google an edge over Microsoft, which is currently leading in the AI-chat sphere.

Portfolio Pulse from Natan Ponieman

August 16, 2023 | 8:25 pm