Streetbeat News

Equity Actions

BZAMF

BZAM Ltd. (OTCQX:BZAMF) (CSE:BZAM) plans to purchase 630,000 class A shares of BZAM Cannabis Corp. from minority shareholders. The company will issue 255,000 common shares at an average price of $0.225 per share as consideration. The transaction, subject to regulatory approvals, will increase BZAM's stake in BCC from 57.6% to 71.2%.

Portfolio Pulse from Vuk Zdinjak

July 14, 2023 | 1:00 pm

LVO

LiveOne (NASDAQ:LVO) has increased its stock repurchase program from $5M to $7.5M and entered into a non-binding Letter of Intent for a new $12.5M credit line. The company has repurchased 2.9 million shares since the start of its buyback program in April 2022. The new credit line and stock buyback are aimed at pursuing major acquisitions, strengthening the balance sheet, and fueling internal growth.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 12:45 pm

METX

Meten Holding Group Ltd. (NASDAQ:METX) has announced the purchase of 200 units of Antminer S19j Pro Bitcoin mining machines from two unaffiliated third parties. The company will issue ordinary shares valued at $880,000 to the sellers. The machines are expected to be operational by July 31, 2023. This purchase will increase the company's total number of mining machines to 1,954 units with a computing power of more than 208PH/s. The company plans to continue expanding its cryptocurrency business by purchasing more mining machines.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 12:34 pm

LILM

Lilium has announced the pricing of an upsized $192 million offering, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 12:16 pm

OPRA

Opera has filed for a mixed shelf offering of up to $300 million.

Portfolio Pulse from Charles Gross

July 14, 2023 | 11:17 am

LILM

Lilium has priced its share offering of 57,692,308 shares at $1.30 per share.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 11:03 am

HOLX

Needham analyst Mike Matson has upgraded Hologic (NASDAQ:HOLX) from Hold to Buy and set a price target of $95.

Portfolio Pulse from richadhand@benzinga.com

July 14, 2023 | 10:56 am

FXI

China's cabinet is reportedly encouraging and attracting more private capital to participate in the construction, renovation, operation, and maintenance of some infrastructure facilities, according to Reuters.

Portfolio Pulse from Charles Gross

July 14, 2023 | 10:45 am

FOX

TWTR

Former Fox News host Tucker Carlson and former White House adviser Neil Patel are reportedly raising funds to establish a new media company, potentially using Twitter as its backbone. The company aims to be subscription-driven and is exploring platforms beyond Twitter for its content. This move comes after Carlson’s departure from Fox News and could see him compete more directly with other news personalities on platforms like YouTube and Rumble, as well as TV networks such as Fox News and Newsmax.

Portfolio Pulse from Benzinga Neuro

July 14, 2023 | 10:42 am

AMZN

C

GOOGL

JPM

PEP

WFC

US stocks extended gains with the Nasdaq gaining over 1% for a second session. Producer prices for final demand in the US rose 0.1% month-over-month in June, lower than market expectations. Initial jobless claims declined to 237,000. JPMorgan Chase, Citigroup, and Wells Fargo are set to release earnings. PepsiCo shares gained 2.4% after increasing its annual revenue and profit guidance. The Nasdaq 100 rose 1.73% amid gains in shares of Amazon and Alphabet. The S&P 500 rose 0.85%, while the Dow Jones gained 0.14%. The CBOE Volatility Index rose 0.5%.

Portfolio Pulse from Lisa Levin

July 14, 2023 | 10:07 am