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INDA

LYT

Nasdaq-listed Lytus Technologies (NASDAQ:LYT) has announced its entry into the Indian fintech market with the launch of a payments gateway for Indian consumers. The company plans to invest $50 million over the next five years to expand its fintech services in India. The initial rollout will focus on a B2B model, with plans to extend services to individual subscribers within the next 12 months. The company also plans to expand its fintech services to include AI-driven next-generation payment platforms, P2P lending, blockchain, insurtech, digital shareholder services, cross-border payments, among other services.

Portfolio Pulse from Happy Mohamed

July 24, 2023 | 12:58 pm

PFE

SYRS

Pfizer Inc has decided to terminate its License and Collaboration Agreement with Syros Pharmaceuticals Inc for the development of therapies for sickle cell disease and beta-thalassemia. The termination will be effective from October 16, 2023. This ends Pfizer's three-year-long collaboration with Global Blood Therapeutics, which it acquired last year. Syros plans to find a new out-licensing partner for its sickle cell disease program.

Portfolio Pulse from Vandana Singh

July 24, 2023 | 12:48 pm

CTGO

Contango ORE, Inc. (NYSE:CTGO) has priced its underwritten public offering of 1.6 million shares at $19.00 per share, expecting to raise $30.4 million. The proceeds will be used to fund its obligations to the Peak Gold JV for the Manh Choh project, exploration drilling at its Lucky Shot project, and working capital requirements. The company is now fully funded to reach production at the Manh Choh mine by the second half of 2024.

Portfolio Pulse from Happy Mohamed

July 24, 2023 | 12:44 pm

CRGO

Freightos Limited (NASDAQ:CRGO) reported Q2 2023 Key Performance Indicators, with a record 239K transactions booked on the platform, up 59% YoY. However, due to reduced market freight rates, Gross Booking Value (GBV) was below management expectations. The company also announced an operational efficiency plan to improve Adjusted EBITDA by about $5.6 million per year. Financial results for Q2 2023 and Q3 2023 guidance will be announced on August 21, 2023.

Portfolio Pulse from Happy Mohamed

July 24, 2023 | 12:43 pm

REXR

Rexford Industrial Realty, Inc. (REXR) has announced the acquisition of an industrial property in Southern California for $210 million. The acquisition was funded using proceeds from forward equity settlements. The company's year-to-date investments total $1.1 billion. The acquired property is 100% leased to two tenants and is expected to generate an initial unlevered cash yield of 5.0%, projected to grow to 6.2% through re-leasing at market rents and contractual annual rent increases of 4.0%.

Portfolio Pulse from Happy Mohamed

July 24, 2023 | 12:40 pm

NNOX

Nanox Imaging Ltd. (NNOX) has announced a $30M registered direct offering of 2,142,858 ordinary shares at $14.00 per share, along with warrants to purchase up to the same number of shares at $19.00 per share. The offering is expected to close on July 26, 2023. The proceeds will be used for general working capital purposes, further development of Nanox products, and the manufacture and commercial deployment of the Nanox System.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 12:39 pm

IMTX

Immatics has announced a $35 million equity investment from Bristol Myers Squibb, leading to a rise in Immatics' share prices.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 12:35 pm

APO

JEF

XLV

On CNBC's 'Halftime Report Final Trades', Shannon Saccocia recommended Health Care Select Sector SPDR Fund (XLV), Jason Snipe recommended Apollo Global Management (APO) after its 500 million euro investment into an Air France KLM affiliate, and Joseph Terranova recommended Jefferies Financial Group (JEF) despite its downbeat quarterly earnings and a slight fall in its share price.

Portfolio Pulse from Lisa Levin

July 24, 2023 | 12:32 pm

AMC

A court has rejected AMC Entertainment's proposed plan to convert preferred shares to common shares and implement a stock split. This has led to a rise in AMC's share price.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 12:19 pm

JGGC

GLAAM Co., Ltd., a designer and developer of architectural display glass, has approved a business combination with Jaguar Global Growth I (JGGC). The merger aims to target the North American super large architectural media market. GLAAM is expected to become a US publicly traded company in Q3 2023, making it one of the first Korean-based media display companies listed on Nasdaq. Post-merger, the new company is expected to be renamed 'Captivision Inc.' and listed on Nasdaq under the ticker symbols 'CAPT' and 'CAPTW'.

Portfolio Pulse from Happy Mohamed

July 24, 2023 | 12:12 pm