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Equity Actions

C

Citigroup's CFO, Mark Mason, has stated that the bank has not yet made a decision regarding share buybacks for Q3. The news was reported by Reuters.

Portfolio Pulse from Happy Mohamed

July 14, 2023 | 1:10 pm

META

TSLA

The rivalry between Tesla CEO Elon Musk and Meta Platforms CEO Mark Zuckerberg is intensifying, with both billionaires competing in terms of employee salaries and social media platforms. Musk's Twitter and Zuckerberg's Threads are in direct competition, with Musk threatening a lawsuit over alleged intellectual property theft. Average annual pay at Tesla ranges from $50,000 to $260,000, while at Meta, salaries range from $100,000 to over $400,000. Musk also offered stock grants to Twitter employees at a $20 billion valuation.

Portfolio Pulse from Adam Eckert

July 14, 2023 | 1:10 pm

JPM

JP Morgan Chase CEO has stated that the economy is facing substantial and somewhat unprecedented headwinds. This could indicate potential challenges for the banking sector.

Portfolio Pulse from Happy Mohamed

July 14, 2023 | 1:09 pm

ACBA

Ace Global Business Acquisition (ACBA) has announced an additional contribution of $116,777.35, representing approximately $0.05 per share, to its trust account. This is to extend the period to consummate a business combination.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 1:03 pm

JBLU

SAVE

JetBlue Airways Corporation (JBLU) has set July 25, 2023, as the record date for the July 2023 prepayment to Spirit Airlines, Inc. (SAVE) stockholders of $0.10 per Spirit share. The payment is set to occur on July 31, 2023, as part of the Merger Agreement between the two companies.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 1:01 pm

BZAMF

BZAM Ltd. (OTCQX:BZAMF) (CSE:BZAM) plans to purchase 630,000 class A shares of BZAM Cannabis Corp. from minority shareholders. The company will issue 255,000 common shares at an average price of $0.225 per share as consideration. The transaction, subject to regulatory approvals, will increase BZAM's stake in BCC from 57.6% to 71.2%.

Portfolio Pulse from Vuk Zdinjak

July 14, 2023 | 1:00 pm

LVO

LiveOne (NASDAQ:LVO) has increased its stock repurchase program from $5M to $7.5M and entered into a non-binding Letter of Intent for a new $12.5M credit line. The company has repurchased 2.9 million shares since the start of its buyback program in April 2022. The new credit line and stock buyback are aimed at pursuing major acquisitions, strengthening the balance sheet, and fueling internal growth.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 12:45 pm

METX

Meten Holding Group Ltd. (NASDAQ:METX) has announced the purchase of 200 units of Antminer S19j Pro Bitcoin mining machines from two unaffiliated third parties. The company will issue ordinary shares valued at $880,000 to the sellers. The machines are expected to be operational by July 31, 2023. This purchase will increase the company's total number of mining machines to 1,954 units with a computing power of more than 208PH/s. The company plans to continue expanding its cryptocurrency business by purchasing more mining machines.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 12:34 pm

LILM

Lilium has announced the pricing of an upsized $192 million offering, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 12:16 pm

OPRA

Opera has filed for a mixed shelf offering of up to $300 million.

Portfolio Pulse from Charles Gross

July 14, 2023 | 11:17 am