Streetbeat News

Equity Actions

WKHS

Workhorse Group Inc. (NASDAQ:WKHS) CEO, Rick Dauch, has sent a letter to stockholders urging them to vote in favor of a proposal to increase the number of authorized shares of Workhorse common stock. The company has also launched a website for the upcoming Special Meeting, providing information on the proposal and voting process. The move is part of the company's strategy to secure necessary financial resources for its next phase of production and profitable growth.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 1:19 pm

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Shawn Collins, the head of Massachusetts cannabis regulator, is set to step down by the end of the year, causing concerns within the commission. Maryland Governor Wes Moore has enlisted experts to assess the health impact of cannabis as sales surge in the state. Shareholders of Planet 13 Holdings, SNDL Inc., and Agra Ventures have elected new board members. Cresco Labs and Columbia Care have terminated their merger agreement, with Columbia Care announcing senior leadership changes. 22nd Century Group has appointed John Miller as interim CEO, and New Leaf Ventures has named Dean Medwid as CEO following the resignation of Michael Stier.

Portfolio Pulse from Jelena Martinovic

August 04, 2023 | 1:18 pm

KAVL

TPB

Kaival Brands Innovations Group, Inc. (NASDAQ:KAVL) has appointed Thomas J. Metzler as its new CFO, Treasurer and Secretary, and promoted Eric Mosser to CEO. Metzler, a former executive at Turning Point Brands (NYSE:TPB), brings over 20 years of experience in finance and operations in the vaping and consumer products sector. Mosser, who has been with Kaival Brands since 2020, has a decade of senior leadership experience.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 1:16 pm

AUID

CXM

authID.ai (NASDAQ:AUID) has announced the appointment of Ed Sellitto as its new Chief Financial Officer, effective August 15, 2023. Sellitto, who has over 15 years of experience in financial management and revenue operations, will succeed Annie Pham. Pham will remain with the company until the announcement and filing of Q2 2023 results to ensure a smooth transition. Sellitto's compensation package includes a grant of options to purchase 50,000 shares of new Common Stock.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 1:16 pm

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Bill Ackman, CEO of Pershing Square Capital Management, is shorting long-term U.S. Treasuries, predicting that 30-year yields could rise to 5.5%. He attributes this to structural changes in the economy that could trigger higher long-term inflation, the U.S. government's $32-trillion debt, and large deficits. He also mentions Japan's exit from yield curve control and concerns about US governance as potential factors. Several ETFs allow investors to take short positions on U.S. Treasury securities, including TMW, TBF, TTT, TBT, TBX, and TYO.

Portfolio Pulse from Piero Cingari

August 04, 2023 | 1:15 pm

STNE

UBS analyst Mariana Taddeo has upgraded StoneCo (NASDAQ:STNE) from Neutral to Buy and raised the price target from $14 to $18.

Portfolio Pulse from richadhand@benzinga.com

August 04, 2023 | 1:15 pm

RVYL

RYVYL Inc. (NASDAQ:RVYL) has completed the first of two exchange transactions under an Exchange Agreement, reducing its debt and increasing shareholder equity and cash flow. The company issued 6,000 shares of Series A Convertible Preferred Stock to an existing noteholder in exchange for $4,297,000 of the outstanding principal balance of the Note and $1,703,000 of accrued interest. The remaining $16,703,000 in principal is to be exchanged for 9,000 shares of Series A Convertible Preferred Stock at an additional closing, subject to certain conditions.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 1:12 pm

Tradeweb Markets Inc. (NASDAQ:TW) reported a total trading volume of $25.6 trillion and an average daily volume (ADV) of $1.27 trillion for July 2023, marking a 16.3% YoY increase. The company saw growth in U.S. government bond ADV, European government bond ADV, fully electronic U.S. credit ADV, European credit ADV, U.S. ETF ADV, and repurchase agreement ADV. However, it experienced a decline in mortgage ADV, municipal bonds ADV, credit derivatives ADV, and European ETF ADV.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 1:07 pm

Daqo New Energy Corp. (NYSE:DQ) announced leadership changes with Chairman and Founder, Mr. Guangfu Xu, and CEO, Mr. Longgen Zhang, stepping down from their positions. Mr. Xiang Xu has been appointed as the new Chairman of the Board and CEO. The changes are effective immediately.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 1:06 pm

NBSE

Neubase Therapeutics has decided to stop further development of its programs and is planning to conduct a comprehensive exploration of strategic alternatives.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 12:59 pm