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DSS

DSS Inc. has announced the distribution date for the previously announced stock dividend of Impact BioMedical Inc. Shareholders of DSS Inc. on record as of July 10, 2023, will receive four shares of Impact BioMedical Inc. for every one share of DSS. The distribution will occur on August 8, 2023. The shares will not be eligible for resale until 180 days from the date Impact BioMedical’s initial public offering becomes effective.

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 12:54 pm

ACHR

ALLR

CHNR

China Natural Resources (CHNR) has agreed to sell all outstanding shares of Precise Space-time Technology Limited to Feishang Group Limited for approximately $13.2M. Allarity Therapeutics (ALLR) and FivepHusion are collaborating to support clinical development of Deflexifol™ with DRP® Companion Diagnostics. The U.S. Air Force has entered into contracts with Archer (ACHR) worth up to $142 million, representing a landmark investment in eVTOL technology.

Portfolio Pulse from ryanfaloona@benzinga.com

July 31, 2023 | 12:42 pm

PAAS

Pan American Silver has announced the divestment of MARA, Morococha, and Agua De La Falda for a total cash proceeds of $593 million.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 12:40 pm

POWW

AMMO, Inc.'s new CEO, Jared Smith, has issued a letter to shareholders outlining the company's future plans. These include a commitment to greater transparency and alignment of management compensation with profitability, expansion of GunBroker.com's reach and services, and enhancing margins and brand strength for the AMMO division. The company also plans to strengthen its balance sheet through divestitures, strategic acquisitions, and stock buybacks.

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 12:36 pm

IPX

IperionX Limited (NASDAQ:IPX) has secured all necessary permits to build and operate the Titanium Demonstration Facility (TDF) in Virginia, USA. The facility, which is expected to be the world's largest 100% recycled titanium powder plant, is set to commence construction in Q3 2023, with first titanium metal production targeted for Q1 2024. The project will be funded by an investment of up to $4m by the Halifax County Development Authority.

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 12:31 pm

AER

AerCap Holdings N.V. (NYSE:AER) reported a 10% YoY growth in total lease revenue for Q2 FY23, reaching $1.72 billion, but missed the analyst consensus of $1.82 billion. The company's total revenues and other income rose 15% to $1.92 billion. Adjusted EPS of $2.56 beat the analyst consensus of $2.06. AerCap also announced a new share repurchase program authorizing total repurchases of up to $500 million of its ordinary shares through December 31, 2023. The company raised the FY23 adjusted EPS guidance to $8.50-$9.00.

Portfolio Pulse from Shivani Kumaresan

July 31, 2023 | 12:25 pm

KYCH

ZOOZ Power Ltd. and Keyarch Acquisition Corporation have announced a business combination agreement, which will result in ZOOZ becoming publicly listed on Nasdaq under the symbol 'ZOOZ'. The transaction values ZOOZ at up to $100 million and is expected to provide a minimum of $10 million in net proceeds. The closing is expected to occur in Q4 2023, subject to shareholder and regulatory approvals. ZOOZ is a leading provider of flywheel-based power boosting solutions for the EV charging infrastructure market.

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 12:17 pm

CDLX

CMLS

MSGS

ROKU

SPOK

The article lists five overbought stocks in the communication services sector that may be due for a price correction. These include Roku, Inc. (ROKU), Cumulus Media Inc. (CMLS), Madison Square Garden Sports Corp. (MSGS), Cardlytics, Inc. (CDLX), and Spok Holdings, Inc. (SPOK). All these companies have recently reported positive financial results or corporate news, and their stocks have seen significant price increases, pushing their Relative Strength Index (RSI) values above 70, which is typically considered overbought.

Portfolio Pulse from Lisa Levin

July 31, 2023 | 12:15 pm

CKPT

Checkpoint Therapeutics has announced a $10 million registered direct offering priced at-the-market. This move is expected to provide the company with additional capital for its operations.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 12:08 pm

TNET

TriNet Group, Inc. has announced its intention to launch a combined $1B fixed price tender offer and repurchase from Atairos, each at a price of $107 per share of common stock.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 12:03 pm