Streetbeat News

Equity Actions

BGLC

DWAC

GFAI

SIRI

TSLA

US stocks traded mixed with the Nasdaq Composite falling nearly 250 points. Digital World Acquisition Corporation (DWAC) settled fraud charges with the SEC related to material misrepresentations made to investors. Guardforce AI (GFAI) announced a partnership with Concorde to provide automated security solutions in Singapore. Tesla (TSLA) reported quarterly record revenue of $24.93 billion. BioNexus Gene Lab (BGLC) announced the pricing of its Public Offering of 1,250,000 shares. Sirius XM (SIRI) shares surged on abnormally high volumes and were halted several times for volatility.

Portfolio Pulse from Benzinga Neuro

July 21, 2023 | 1:29 am

ALTG

RILY

Alta Equipment has announced the commencement of a public offering of 2 million shares of common stock by an affiliate of B. Riley Financial. The selling stockholder will also grant the underwriters a 30-day option to purchase up to an additional 300,000 shares.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 9:48 pm

RMBL

RumbleOn's Board of Directors has appointed Steven Pully, the current Chairman of the Board, to serve as the Executive Chairman. The decision was made on July 14, 2023.

Portfolio Pulse from Charles Gross

July 20, 2023 | 9:38 pm

LTRY

Lottery.com's board has terminated Mark Gustavson from his role as CEO and appointed Matthew McGahan as interim CEO. Additionally, Robert J. Stubblefield has been named as CFO.

Portfolio Pulse from Charles Gross

July 20, 2023 | 9:27 pm

LTRY

Lottery.com has appointed Robert J. Stubblefield as CFO. Additionally, Paul S. Jordan and Tamer T. Hassan have been appointed as independent members of the Board of Directors. Both Jordan and Hassan will serve on the Audit Committee, with Jordan also joining the Compensation Committee. Hassan satisfies Nasdaq’s Board Diversity Rule.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 9:26 pm

LTRY

Lottery.com has terminated Mark Gustavson from his role as CEO. Matthew McGahan, the Chairman of the Board of Directors, has been appointed as interim CEO until a permanent replacement is found. McGahan has resigned from all committees of the Board of Directors of which he was a member.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 9:25 pm

CHWY

Chewy's CFO, Mario Marte, has announced his retirement effective from July 28, 2023. Stacy Bowman has been appointed as the interim CFO.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 9:22 pm

SCHL

Scholastic Corporation (NASDAQ:SCHL) reported Q4 earnings of $2.26 per share, beating the analyst consensus estimate of $1.70. However, its quarterly sales of $528.30 million fell short of the analyst consensus estimate of $541.76 million. The company's Board of Directors authorized an additional $100 million for repurchases of its common stock. Shares of SCHL were up 8.47% in the after-hours session.

Portfolio Pulse from Ryan Gustafson

July 20, 2023 | 9:21 pm

FUL

H.B. Fuller plans to close three manufacturing facilities and redistribute production as part of a strategic restructuring. The restructuring will begin in Q3 2023 and is expected to be completed by 2026. The restructuring costs are estimated at $20 million pre-tax, which will be spread across several fiscal quarters. The restructuring is expected to result in annualized cost savings of approximately $20 million pre-tax, with most charges and savings recognized in fiscal year 2024.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 9:17 pm

CARV

Carver Bancorp, Inc. has sold 378,788 shares of its common stock to the National Community Investment Fund via a private placement at $2.64 per share, yielding gross proceeds of approximately $1M.

Portfolio Pulse from Charles Gross

July 20, 2023 | 9:05 pm