Streetbeat News

Equity Actions

ABEO

Abeona Therapeutics has announced a $25 million registered direct offering priced at-the-market under Nasdaq rules.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2023 | 12:46 pm

XXII

22nd Century announced a 1-for-15 reverse stock split, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2023 | 12:38 pm

NAAS

NaaS Technology Inc. has received a confirmation from Bain Capital that they will not sell any American depositary shares or ordinary shares of NaaS into the open market until the company releases its Q2 2023 earnings results.

Portfolio Pulse from Happy Mohamed

July 03, 2023 | 12:32 pm

FBIO

MCOM

TSLA

TTCF

The article lists the top gainers and losers in pre-market trading. Notable gainers include Micromobility.com, Fortress Biotech, IMAC Holdings, and Tesla, which reported record delivery numbers for Q2. On the other hand, Tattooed Chef fell by 46.9% after announcing its intention to file for voluntary Chapter 11 Bankruptcy protection. Other losers include Baudax Bio, VBI Vaccines, and Agile Therapeutics.

Portfolio Pulse from Lisa Levin

July 03, 2023 | 12:15 pm

AGFY

Agrify Corporation (NASDAQ:AGFY) has announced a 1-for-20 reverse stock split, effective from July 5, 2023, to increase the per share trading price and satisfy the minimum bid price requirement for continued listing on the Nasdaq Capital Market. The reverse stock split will reduce the number of outstanding common stock from approximately 32.5 million shares to approximately 1.6 million shares.

Portfolio Pulse from Vuk Zdinjak

July 03, 2023 | 12:04 pm

NIQ

Nuveen Intermediate Duration Quality Municipal Term Fund (NYSE:NIQ) has completed its termination and liquidation as of June 30, 2023. The fund, which primarily invested in municipal securities, had previously announced its liquidation plans. Upon termination, NIQ had a final net asset value of $12.9850 per share and paid a cash distribution of $12.4082 per share to all shareholders. The fund also distributed one unit of Nuveen Intermediate Duration Quality Municipal Term Fund Liquidating Trust per NIQ share owned by each shareholder.

Portfolio Pulse from Happy Mohamed

July 03, 2023 | 12:01 pm

XXII

22nd Century Group, Inc plans to effect a reverse stock split of its outstanding shares at a ratio of 1-for-15 to regain compliance with the minimum bid price requirement of $1.00 per share for continued listing on Nasdaq. The company's shares will begin trading on a reverse stock split-adjusted basis on July 5, 2023. Following the news, XXII shares are trading lower by 29% in premarket.

Portfolio Pulse from Shivani Kumaresan

July 03, 2023 | 11:42 am

MCHP

Microchip Technology Inc. has announced a $300 million multi-year investment to expand its operations in India. The investment will be used to increase the company's research and development capabilities and expand its design centers in the country.

Portfolio Pulse from Bill Haddad

July 03, 2023 | 11:31 am

XTNT

Xtant Medical has announced a private placement of 20 million shares at $0.75 per share, which will result in gross proceeds of $15 million.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2023 | 11:29 am

NKLA

Nikola Corporation's shares are trading higher due to the strength in the clean energy vehicles sector, following better-than-expected delivery numbers from Tesla.

Portfolio Pulse from Bill Haddad

July 03, 2023 | 11:24 am