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EFSH

1847 Holdings LLC has secured additional unsecured debt financing with institutional investors to accelerate its growth. The company issued investors a 20% original issue discount (OID) for $3.125M of 4,098,361 common shares for a total purchase price of $2.5M in a private placement transaction.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 1:06 pm

KHC

Kraft Heinz has announced changes in its leadership, with Carlos Abrams-Rivera, currently Executive Vice President and President of the North America Zone, set to become CEO effective January 1, 2024. Current CEO, Miguel Patricio, will transition to the role of Non-Executive Chair of the Board on the same date.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 1:04 pm

CGRN

Capstone Green Energy Corporation (NASDAQ:CGRN) announced the resignation of Darren Jamison as President and CEO, effective August 22, 2023. Robert Flexon, Board Chair, will serve as Interim CEO. The board will initiate a search for a permanent CEO. Flexon, who has extensive industry experience, will focus on improving the company's financial health.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 1:03 pm

CARV

Carver Bancorp, Inc. (NASDAQ:CARV) has appointed Craig C. MacKay as interim President & CEO, effective October 1, 2023. The move comes as current President & CEO, Michael T. Pugh, is set to depart on September 30, 2023, to become the CEO of the Local Initiatives Support Coalition. MacKay, a seasoned executive in the financial services industry, has been an independent director of Carver since February 2017 and is currently Senior Advisor at England & Company.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 12:58 pm

AMC

AMC Entertainment Holdings Inc. plans to increase its total number of authorized shares of Class A common stock from 524.2 million to 550 million. The company also intends to effect a 1-for-10 reverse split. AMC expects APEs to cease trading on August 25 and subsequently be delisted from the NYSE.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 12:58 pm

AEE

Ameren Corporation (NYSE:AEE) announced that Warner Baxter, executive chairman of the board of directors, will retire on Nov. 2, 2023. Marty Lyons, current president and CEO, has been elected as the new chairman of the board. Baxter has had a significant impact on the utility industry and Ameren, delivering strong value to customers, communities, and shareholders. Under his leadership, Ameren has executed a strategy focused on robust energy infrastructure investments and has been recognized for its diversity and inclusion efforts.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 12:57 pm

AAPL

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WMT

X

The article covers a range of topics including retail earnings, crypto market movements, US politics, world politics, world economy, tech updates, electric vehicle news, financial risks, and industrial updates. Key highlights include Jim Cramer's advice on FAANG stocks, investor sentiment decline post July's PPI, Donald Trump's Ethereum holdings, Elizabeth Warren's push for $17 minimum wage, Apple's iPhone 15 Pro updates, Ford's collaboration with Tesla, US banks facing deposit flight threat, and US Steel's response to Cleveland-Cliffs' offer.

Portfolio Pulse from Akanksha Bakshi

August 14, 2023 | 12:51 pm

NRG

NRG Energy, Inc. (NYSE:NRG) has announced a proposed offering of pre-capitalized trust securities redeemable 2028 to replace its existing pre-capitalized trust securities redeemable 2023. The proceeds from the sale will be invested in a portfolio of U.S. Treasury securities and will be used as collateral for certain banks that have agreed to provide letters of credit for NRG's account. The offering is only available to qualified institutional buyers.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 12:51 pm

IHS

MA

META

Mastercard Inc (NYSE:MA) is set to acquire a minority stake in MTN Group Ltd's fintech business for $5.2 billion. The deal will involve a commercial agreement on payments and remittances using Mastercard's technology infrastructure to expand in Africa. The investment is expected to enhance MTN's valuation and balance sheet. Other companies like Airtel Africa Plc, Safaricom Plc, and Vodacom Group Ltd are also shifting towards digitalization.

Portfolio Pulse from Anusuya Lahiri

August 14, 2023 | 12:43 pm

LGVN

Longeveron Inc. (NASDAQ:LGVN) has announced a tradable subscription rights offering for its Class A and Class B common stock and warrants. The rights offering is priced at $3.00 per share and includes an over-subscription privilege. The offering also covers the placement of unsubscribed shares for an additional period of up to 45 days following the expiration of the offering. The rights offering is expected to begin on August 22, 2023.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 12:41 pm