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FLYW

Flywire has announced the pricing of a follow-on offering, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 12:41 pm

CBL

CBL Properties (NYSE:CBL) has announced a stock repurchase program, authorizing the company to buy up to $25 million of its common stock. The company plans to repurchase shares from time to time on the open market, in privately negotiated transactions or otherwise, depending on market prices and other conditions. The repurchase program may be suspended or discontinued at any time at the company's discretion.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 12:40 pm

WKHS

Workhorse Group Inc. (NASDAQ:WKHS) has urged its shareholders to vote in favor of a proposal to increase the number of authorized shares of common stock. The company aims to raise additional financing to fund its operations, including working capital, operating expenses, and capital expenditures. The proposal has been recommended by independent proxy advisors ISS and Glass Lewis. A special meeting is scheduled for August 28, 2023, where the vote will take place.

Portfolio Pulse from Happy Mohamed

August 10, 2023 | 12:38 pm

ARMK

Aramark has announced the pricing of a secondary offering of its common stock, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 12:35 pm

WWW

Wolverine World Wide, Inc. (NYSE:WWW) reported Q2 revenues of $589.10 million, beating the analyst consensus but declining 17.4% YoY. The company's international business and lower margins impacted revenue growth. The company also appointed a new CEO, Christopher E. Hufnagel, and slashed its FY23 revenue and EPS outlook. WWW shares are trading lower by 20.68% premarket.

Portfolio Pulse from Nabaparna Bhattacharya

August 10, 2023 | 12:19 pm

ENPH

Enphase Energy, Inc. (NASDAQ:ENPH) has expanded its IQ8 Microinverter deployments in South Carolina. The company recently began microinverter shipments from its new U.S. production facility in Columbia, South Carolina, in partnership with Flex. This has increased Enphase's global capacity of microinverters per quarter, created new jobs, and contributed to the growth of its business. Enphase microinverters are built to last and come with a 25-year limited warranty.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 12:14 pm

DIS

Disney is considering a strategic shift away from traditional TV networks towards film studios, theme parks, and streaming. The company is exploring partnerships for ESPN, with the possibility of its premium sports programming shifting entirely to streaming. Despite a decline in traditional TV network sales and profits, Disney's streaming services showed reduced losses of over $500 million in the quarter. CEO Bob Iger aims to achieve profitability for Disney's streaming business by the autumn of 2024.

Portfolio Pulse from Anusuya Lahiri

August 10, 2023 | 11:51 am

SWAV

Shockwave Medical has announced a proposed private offering of $500 million of convertible senior notes. The proceeds will be used for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 11:44 am

TNGX

Tango Therapeutics has announced a private investment in public equity (PIPE) financing of 15.5 million shares at $5.15 per share, with gross proceeds expected to be $80 million.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 11:43 am

BRAG

Bragg Gaming has updated its 2023 guidance range, with midpoints implying a revenue growth of 13%. The company now expects revenue to be between $104.5M and $106.7M, up from the previous range of $102.2M to $106.6M.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 11:41 am