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RNG

RingCentral, Inc. (NYSE:RNG) has announced the expansion of its AI platform, RingSense, across its portfolio. The new RingSense for Phone uses generative AI to turn voice conversation data into insights for enhancing productivity and improving business outcomes. It offers features like live transcriptions, call summaries, insights, and conversation sentiment analysis. RingSense for Phone is currently in beta and will be generally available later this year. RingCentral has also enhanced its RingSense for Sales, introduced in March 2023, with 10 new integrations with third-party applications and features like deal scoring and AI coaching.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 9:05 pm

HTGC

Hercules Capital, Inc. (NYSE:HTGC) plans to make a public offering of 6 million shares of its common stock, with an option for underwriters to purchase up to an additional 900,000 shares. The net proceeds from this offering will be used to fund investments in debt and equity securities, repay indebtedness under its revolving credit facility, and for other general corporate purposes.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 9:01 pm

FFNW

First Financial Northwest, Inc. (FFNW) has declared a quarterly cash dividend of $0.13 per share and announced a new stock repurchase plan of up to 5% of the company's outstanding common stock, or approximately 457,000 shares. The dividend will be payable on September 22, 2023, to shareholders of record on September 8, 2023. The repurchase plan will commence on August 10, 2023, and will expire no later than March 16, 2024.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 8:58 pm

SAFE

Safehold Inc. (NYSE:SAFE) has announced an underwritten public offering of 6.5 million shares of its common stock, with a 30-day option for underwriters to purchase up to an additional 975,000 shares. The company also plans a concurrent private placement to certain affiliates of MSD Partners, L.P., capped at 639,656 shares due to NYSE rules. The proceeds will be used for general corporate purposes, including repaying or repurchasing debt, making additional investments in ground leases, and funding obligations under existing ground lease commitments.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 8:57 pm

ARKK

TSLA

Tesla Inc. announced that CFO Zachary Kirkhorn is stepping down after 13 years. He will remain with the company until the end of 2023 to ensure a smooth transition. The CFO role will be taken over by Chief Accounting Officer Vaibhav Taneja. Tesla's stock dropped 1% on the news. Cathie Wood, CEO of Ark Investment Management, expressed confidence in Taneja's capabilities.

Portfolio Pulse from Piero Cingari

August 07, 2023 | 8:55 pm

DDD

3D Systems (NYSE:DDD) and Theradaptive have entered a commercial agreement, with 3D Systems becoming Theradaptive's exclusive 3D printing partner. The partnership aims to promote bone and tissue growth using Theradaptive's unique protein-based material-binding variants to coat 3D Systems' 3D-printed medical devices. 3D Systems has also invested $8 million in Theradaptive.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 8:54 pm

DTSS

Datasea has entered into two separate subscription agreements with a non-U.S. investor to sell an aggregate of 4.8 million shares of common stock at $1.20 per share.

Portfolio Pulse from Charles Gross

August 07, 2023 | 8:54 pm

DKNG

META

TSLA

The rivalry between Tesla CEO Elon Musk and Meta Platforms CEO Mark Zuckerberg continues, with the latest development being a potential cage match. Jim Cramer believes Zuckerberg would 'crush' Musk in such a match. DraftKings has also placed betting odds on the match, favoring Zuckerberg.

Portfolio Pulse from Adam Eckert

August 07, 2023 | 8:51 pm

KD

Kyndryl has reaffirmed its constant-currency revenue outlook and its FY24 targets for benefits from its Three-A initiatives. The company also expects its adjusted free cash flow to be positive.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 8:46 pm

CRDF

PFE

Cardiff Oncology (NASDAQ:CRDF) has announced plans to advance its lead program to the first-line setting of metastatic colorectal cancer (mCRC) and conduct its new CRDF-004 trial with study execution support from Pfizer Ignite. The company's cash position on June 30, 2023, was $89.4 million, sufficient to fund operations into 2025 and through interim topline results from the mCRC trial. The company estimates that there are 48,000 new patients in the U.S. annually in the first-line RAS-mutated mCRC setting for whom there are no ongoing clinical trials and no new treatments approved in the past 20 years.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 8:41 pm