Streetbeat News

Equity Actions

HCANF

Halo Collective Inc. reported a 48.1% YoY decline in Q2 2023 revenue, amounting to $3.57 million. The company attributed the dip to an oversupply issue in Oregon and California, leading to lower prices. Additionally, Halo Collective has delisted its securities from the CBOE Exchange. Despite the revenue decline, the company saw a decrease in net loss and operating expenditures compared to Q2 2022. The company's shares closed 12.5% lower at $0.018 per share.

Portfolio Pulse from Nina Zdinjak

August 16, 2023 | 1:09 pm

HSDT

Helius Medical Technologies, Inc. (NASDAQ:HSDT) has announced a 1-for-50 reverse split of its Class A common stock, effective at 5:00 pm Eastern time today. The reverse split will reduce the number of shares of common stock outstanding and issuable upon the conversion of the Company's outstanding stock options and warrants in proportion to the ratio of the reverse split. The number of authorized shares of the Company's common stock will remain at 150 million, while the number of outstanding shares will be reduced from approximately 28.30 million to approximately 0.57 million.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 1:06 pm

WINT

Windtree Therapeutics, Inc. (NASDAQ:WINT) is developing istaroxime, a treatment for acute heart failure and cardiogenic shock, and is advancing to the next stage of development after three successful phase 2 trials. The company is also developing a next-generation drug platform based on SERCA2a activators. Windtree recently raised $12.4 million in a public stock offering and received a patent allowance from the USPTO for its dual mechanism SERCA2a activators. The company's Q1 2023 R&D expenses were $1.5 million, down from $5.3 million in Q1 2022.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 1:05 pm

CMPS

COMPASS Pathways has announced a private placement of 16,076,750 shares at $7.78 per share, which could raise up to $285 million.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 1:01 pm

SYT

SYLA Technologies Co., Ltd. (NASDAQ:SYT) announced its intention to establish an Employee Stock Purchase Plan (ESPP) to enhance corporate value and provide employee benefits. The plan includes employee engagement in partial ownership, retention and recruitment purposes, interest alignment, and wealth accumulation opportunities. The company also plans to provide a subsidy for purchases.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 12:35 pm

SOPA

Society Pass Incorporated (NASDAQ:SOPA) has officially launched its digital advertising platform, Thoughtful Media Group Inc (TMG), in the Philippines. TMG has expanded its ecosystem of multi-platform advertising services through a network of more than 10,000 creators across Southeast Asia. The Philippines market offers a significant value proposition to advertisers, merchants, and influencers in Southeast Asia's fourth largest economy. The Philippines creator economy is experiencing a dynamic surge, driven by a tech-savvy population and widespread internet access.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 12:33 pm

NVOS

SPGC

Shares of several companies including Novo Integrated Sciences, EBET, DLocal Limited, Precision BioSciences, T2 Biosystems, STRATA Skin Sciences, The Alkaline Water Company, Lineage Cell Therapeutics, Tivic Health Systems, and Biophytis S.A. are trading higher in pre-market due to various reasons such as better-than-expected financial results, strategic transactions, and strong quarterly results. On the other hand, shares of Sacks Parente Golf, Coherent Corp., Castellum, Greenbrook TMS, Carmell Therapeutics Corporation, SRM Entertainment, SCYNEXIS, Tower Semiconductor, Trevena, and Mercury Systems are trading lower in pre-market due to reasons such as downbeat quarterly results, pricing of IPO, termination of merger deal, and weak forecasts.

Portfolio Pulse from Lisa Levin

August 16, 2023 | 12:19 pm

ARW

Arrow Electronics, Inc. (ARW) has announced that Rick Marano will be named president of the company's global components business, subject to formal Board appointment on Sept. 13, 2023. Marano, who has been with the company for over 30 years, will succeed Kirk Schell and will report to Sean J. Kerins, the CEO of Arrow Electronics.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 12:14 pm

GSMG

Glory Star New Media Group Holdings Limited (GSMG) has announced a new round of private placement of 8,064,516 shares at $2.48 per share, raising $20 million in total.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 12:13 pm

BA

EADSY

Boeing Co has appointed Alvin Liu, a Chinese-born executive, as the head of its China unit amidst ongoing Sino-US tensions. This move is significant as China accounts for about a quarter of global aircraft imports. Liu joined Boeing in 2022 from the auto industry. Boeing estimates that China will require 8,500 new airplanes and $550 billion in commercial services in the next 20 years. Both Boeing and Airbus SE now have China-born top executives for the region.

Portfolio Pulse from Shivani Kumaresan

August 16, 2023 | 12:11 pm