Streetbeat News

Equity Actions

NNDM

Nano Dimension Ltd. (NASDAQ:NNDM) has announced that its board of directors has authorized a share repurchase plan, allowing the company to invest up to $227.5 million to repurchase its American Depository Shares (ADS). The repurchase plan is subject to the approval of the Israeli court and may be suspended or terminated at any time at management's discretion.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 12:29 pm

BABA

META

Alibaba's stock is trading higher following the launch of its open-source large language models, intensifying competition with Meta Platforms. The market is gauging the impact of growth-boosting measures on China's economy. Ant Group, an affiliate of Alibaba, is preparing to offload a chunk of its Paytm shares amid escalating geopolitical tensions between India and China. Paytm founder Vijay Shekhar Sharma will acquire a 10.3% stake from Ant Group, making him the company's biggest shareholder.

Portfolio Pulse from Anusuya Lahiri

August 07, 2023 | 12:29 pm

NCR

NCR Corporation has expanded its ATM network, under the Cashzone brand, into Portugal. Over 100 Cashzone-branded ATMs have been installed in Portugal, primarily in tourist-popular regions. The move is aimed at providing consumers, including tourists, with easier access to cash. NCR's Cashzone brand is already present in the UK, Spain, Germany, and Ireland.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 12:28 pm

DHC

OPI

Diversified Healthcare Trust (DHC) has sent a letter to shareholders outlining the process to maximize value for DHC shareholders, which resulted in the pending merger with Office Properties Income Trust (OPI). The letter details the robust and thorough process undertaken by the DHC Board and management team, including evaluating various strategies and financing options. The merger, which is considered the best strategic alternative for DHC shareholders, will be discussed in a Special Meeting of DHC Shareholders on August 30, 2023.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 12:25 pm

FRLA

OTHER

Fortune Rise Acquisition Corporation (FRLA) has announced a fourth one-month extension to complete its initial business combination, funded by a $100,000 deposit from Water On Demand Inc., a subsidiary of OriginClear, Inc. (OTHER). The extension moves the deadline from August 5, 2023 to September 5, 2023. The contribution increases the pro rata portion of the funds available in the Company's trust account by $0.027 per share.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 12:23 pm

BDSX

DICE

FREQ

RVMD

TCBP

The article lists the top 5 overbought health care stocks that may crash in Q3. These include TC Biopharm (TCBP), Biodesix (BDSX), Revolution Medicines (RVMD), Frequency Therapeutics (FREQ), and DICE Therapeutics (DICE). The companies are considered overbought as their Relative Strength Index (RSI) values are above 70, indicating they may be overvalued.

Portfolio Pulse from Lisa Levin

August 07, 2023 | 12:15 pm

OGEN

Oragenics has entered into a securities purchase agreement with two healthcare-focused investors. The agreement involves issuing a total of 404,728 shares of common stock and 404,728 shares of Series E Mirroring Preferred Stock in a private placement, amounting to $850K.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 12:14 pm

Missfresh Limited (NASDAQ:MF) has entered into a share transfer agreement with Freshking Limited, a company owned by Mr. Zheng Xu. The agreement involves the transfer of all shares in Missfresh HK Limited, San Sheng Limited, and Mrfresh Limited to Freshking Limited for a total consideration of US$1.00. The transaction has been approved by the board of directors, the audit committee, and the special committee under the board. The financial advisor, Kroll LLC, has been engaged to ensure the fairness of the transaction.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 12:08 pm

NEPT

Neptune Wellness Solutions Inc. has announced the second phase of its review process, which will consider all available alternatives, including the monetization of assets, partnerships, and/or acquisition of the remaining parts of Sprout Organics through an equity/debt transaction.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 12:04 pm

ACRDF

ACRHF

CGC

Acreage Holdings, Inc. announced that Kevin Murphy, chairman of the board, and Brian Mulroney, board member, will step down from their roles effective August 4, 2023. CEO Dennis Curran will assume the role of chairman. The company is streamlining its governance structure in preparation for its strategic arrangement with Canopy Growth Corporation and Canopy USA, LLC. The company plans to reduce its number of required board members to three.

Portfolio Pulse from Vuk Zdinjak

August 07, 2023 | 12:03 pm