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Equity Actions

GLMD

Galmed Pharmaceuticals announced a 1-for-12 reverse share split of its ordinary shares, effective on October 16, 2023. This move is aimed at regaining compliance with Nasdaq's minimum bid price requirement.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 8:29 pm

ELF

e.l.f. Beauty has authorized a $500 million share repurchase program, indicating confidence in its financial health and future prospects. This move is likely to positively impact the company's stock price in the short term.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 8:14 pm

AVPT

AvePoint has initiated an offer to purchase all outstanding public warrants for its common stock at $2.50 per share, without interest.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 8:13 pm

AZI

Autozi Internet Technology (Global) Ltd is set to start trading on the NASDAQ under the ticker AZI on August 28. The IPO price is expected to be between $4.00 and $5.00 per share, with an insider lock-up period of 180 days.

Portfolio Pulse from Benzinga Insights

August 27, 2024 | 3:00 pm

PMAX

Powell Max Limited (NASDAQ:PMAX) is set to start trading on the NASDAQ exchange on August 28, 2023. The IPO price is expected to be between $4.00 and $6.00 per share, with an insider lock-up period of 180 days.

Portfolio Pulse from Benzinga Insights

August 27, 2024 | 3:00 pm

JBDI

JBDI Holdings has launched its IPO, with shares opening for trade at $5 each. The IPO was priced at $5 per share, with a total of 2.25 million shares available.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 2:21 pm

LUV

Elliott Investment Management plans to meet with Southwest Airlines to discuss potential board changes due to 'immense' challenges. Elliott, holding over 9.7% of Southwest's voting power, may push for a proxy fight and has proposed new board candidates. Southwest is open to discussions and plans an investor day on Sept. 26.

Portfolio Pulse from Michael Juliano

August 27, 2024 | 1:29 pm

CGNT

Cognyte Software Ltd. has issued a letter to shareholders emphasizing recent progress and urging votes for Chairman Earl Shanks, CEO Elad Sharon, and amendments to the CEO compensation plan. The company is committed to adding a U.S.-based director and enhancing disclosure practices.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 1:18 pm

CAVA

CAVA Group shares are experiencing a decline following Artal International S.C.A.'s filing of a Form 144, indicating a proposed sale of shares.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 1:10 pm

CAVA

Artal International S.C.A. has filed a Form 144 with the SEC for the proposed sale of 6 million shares of CAVA Group common stock, valued at $732 million.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 1:09 pm