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Equity Actions

SPCB

SuperCom (NASDAQ:SPCB) has announced the pricing of its public offering of 3,235,295 units at $0.85 per unit with a single institutional investor. The offering is expected to close on August 3, 2023, and is expected to generate gross proceeds of approximately $2.75 million before deducting placement agent fees and other offering expenses. Maxim Group LLC is acting as the sole placement agent for this public offering.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 11:18 am

CVNA

Carvana Co. has launched private exchange offers up to $4.275 billion and a $425 million cash tender offer relating to existing notes. The company is also soliciting consents from holders of the notes.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 11:17 am

LEA

Lear Corp has filed for a mixed shelf offering, according to an SEC filing. The size of the offering has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 11:16 am

ALB

PCRFY

Citi Bank predicts a surge in EV battery demand and has revealed its top four stock picks, which include Contemporary Amperex Technology Co (CATL), LG Energy Solution, Panasonic (OTC:PCRFY), and Albemarle (NYSE:ALB). The bank believes the U.S. Inflation Reduction Act could significantly boost EV penetration in the U.S., despite restrictions on critical minerals and components. EV battery demand is projected to rise 22% YoY in 2023, with demand set to accelerate again in 2024 and 2025.

Portfolio Pulse from Benzinga Neuro

August 04, 2023 | 11:16 am

TTMI

TTM Technologies, Inc. (NASDAQ:TTMI) announced the retirement of CFO Todd B. Schull, effective September 11, 2023. Schull will serve as a special advisor to the CEO from September to December 2023. Daniel L. Boehle, former CFO of Aerojet Rocketdyne Holdings, Inc., will succeed Schull as CFO, joining the company on August 21, 2023.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 11:12 am

ADMP

Adamis Pharmaceuticals Corporation (NASDAQ:ADMP) has announced the pricing of its public offering of 5.93 million units at $1.35 per unit. The offering, which includes common stock and warrants, is expected to generate gross proceeds of approximately $8 million. The offering is expected to close on August 4, 2023. Maxim Group LLC is acting as the sole placement agent for the offering.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 11:12 am

MIR

Mirion has updated its FY23 outlook, raising its revenue growth forecast from 6%-9% to 8%-10%. The company also expects an improvement in its Adjusted EBITDA margin in the second half of the year. The guidance for organic revenue growth excludes the impact of foreign exchange rates as well as mergers, acquisitions and divestitures. The company's guidance contains forward-looking statements and actual results may differ materially due to uncertainties and risks.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 11:11 am

ZD

Ziff Davis, Inc. (NASDAQ:ZD) and Xyla, Inc. have entered into a strategic partnership focused on AI enablement across digital media, software, and information services. The first initiative will be to integrate Xyla's OpenEvidence technology into Ziff Davis' Everyday Health Group. Ziff Davis is purchasing $25 million of Xyla equity for a minority ownership stake in the company. The partnership will allow Xyla to gain access to large audiences and data sets across the Ziff Davis portfolio, while Ziff Davis will gain access to Xyla's AI technology.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 11:09 am

TLIS

Talis Biomedical has announced that Andrew Lukowiak will take over as President and Chief Scientific Officer (CSO) effective from August 1.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 11:08 am

FTFT

Future Fintech Group Inc. (NASDAQ: FTFT) has appointed Peng Lei as its new Chief Operating Officer (COO). Mr. Lei, who has over 20 years of experience in fields such as supply chain finance, banking, investment management, and corporate restructuring, will be responsible for managing the company's operations and promoting its strategic transformation. He replaces Yang Liu as COO, though Mr. Liu will continue to hold positions within the company's subsidiaries.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 11:07 am