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CING

Cingulate has increased the maximum offering price for its common stock under its sales agreement from $8.47 million to $11.33 million. The company filed a prospectus supplement for an additional $2.86 million of shares, having already sold shares worth $8.47 million.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 1:48 pm

NKLA

Nikola Corp has filed for a mixed shelf offering of up to $500 million, according to an SEC filing. This move allows the company to issue various types of securities, which could be used to raise capital for operations or expansion.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 1:37 pm

TOVX

Theriva Biologics (NASDAQ:TOVX) shares dropped 15% to $0.17 after announcing a 1-for-25 reverse stock split, effective August 26, to meet NYSE American's per-share price requirements. The split will reduce outstanding shares from 25,131,230 to 1,005,249.

Portfolio Pulse from Henry Khederian

August 19, 2024 | 1:22 pm

TOVX

Theriva Biologics shares declined following the announcement of a 1-for-25 reverse stock split.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 1:21 pm

CBRL

Cracker Barrel is facing another proxy contest from Biglari Holdings, which has nominated five candidates for the company's Board of Directors. This marks the seventh proxy contest by Biglari in 13 years, with previous attempts being rejected by shareholders. Cracker Barrel's Board, led by new CEO Julie Masino, is focused on strategic transformation and will consider Biglari's nominations.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 1:03 pm

VCIG

VCI Global's shares are rising following a year-over-year increase in H1 revenue and the announcement of a $10 million share repurchase program.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 1:03 pm

FAX

abrdn Asia-Pacific Income Fund, Inc. (NYSE:FAX) announced a 1-for-6 reverse stock split, effective at the open of trading on September 9, 2024. The split will affect common stockholders of record as of September 6, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 12:14 pm

GES

Guess? Inc. has appointed Dennis Secor as the interim CFO starting August 26, 2024. Markus Neubrand will step down from his role but will assist with the transition while the company searches for a permanent CFO in Lugano, Switzerland.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 12:05 pm

AVT

Avnet, Inc. (NASDAQ:AVT) has expanded its share repurchase authorization to $600 million and increased its quarterly dividend by 6% to $0.33 per share. The dividend will be paid on September 25, 2024, to shareholders of record as of September 11, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 12:03 pm

PHAT

Phathom Pharmaceuticals has priced an offering of 8.7 million shares and 2.6 million pre-funded warrants at $11.50 per share, raising approximately $130 million.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 12:02 pm