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NDAQ

Nasdaq (NDAQ) has halted its plans for a crypto custody service due to regulatory conditions in the U.S. The service was planned to go live in Q2 this year. The firm had applied to the New York Department of Financial Services for a limited-purpose trust company to oversee the custody business. This move is seen as a setback for institutional adoption of crypto in the U.S.

Portfolio Pulse from Happy Mohamed

July 19, 2023 | 1:15 pm

TREE

LendingTree has announced Scott Peyree as the new Chief Operating Officer and President of Marketplace Businesses, succeeding J.D. Moriarty. Peyree joined LendingTree in 2018 through the acquisition of QuoteWizard and has since played a crucial role in the company's insurance vertical. In his new role, Peyree will oversee marketplace businesses, sales, marketing, and continue to manage the insurance vertical.

Portfolio Pulse from Happy Mohamed

July 19, 2023 | 1:09 pm

PBPB

Potbelly Corporation (NASDAQ:PBPB) has signed a 27-shop agreement with its founder Bryant Keil and his son Hampden in Maryland. The deal includes the development of 15 new Potbelly shops over the next eight years and the refranchising of 12 existing locations. This is part of Potbelly's Franchise Growth Acceleration Initiative, aiming to reach 2,000 shops over the next decade, with at least 85% of those locations being franchised.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 1:04 pm

FLGC

Tiffany Woodman, CEO and founder of Canna Bella Lux, addressed the issue of gender equity in the cannabis industry at the Benzinga Cannabis Capital Conference. She questioned why women in leadership roles are not given substantial financial stakes in the companies they lead. However, she also highlighted positive strides within the industry, citing the progress of Jessie Casner at Flora Growth Corp. (NASDAQ:FLGC).

Portfolio Pulse from Joana Scopel

July 19, 2023 | 12:59 pm

HAL

Halliburton Company (NYSE:HAL) reported Q2 FY23 revenue growth of 14.3% YoY to $5.798 billion, missing the consensus of $5.86 billion. Adjusted EPS was $0.77, beating the consensus of $0.75. Operating income increased to $1.01 billion, and the margin expanded to 17.44%. The company repurchased $248 million of common stock. Total cash flows provided by operating activities year-to-date totaled $1.17 billion. HAL shares are trading lower by 1.60% at $37.50 premarket on Wednesday.

Portfolio Pulse from Akanksha Bakshi

July 19, 2023 | 12:53 pm

HPK

HighPeak Energy Inc (NYSE:HPK) shares are trading lower after the company announced the pricing of its public offering at $10.50 per share. The company expects to generate gross proceeds of $135.5 million, which will be used for working capital and to enhance its near-term liquidity position. The offering is expected to close on July 21.

Portfolio Pulse from Adam Eckert

July 19, 2023 | 12:38 pm

HPK

HighPeak Energy has announced the pricing of an underwritten public offering, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 12:37 pm

AUR

GS

Aurora has entered into a $600 million common stock purchase agreement with certain existing institutional and strategic investors. The company will issue and sell 222,222,216 shares of its Class A common stock at $2.70 per share. The sale is expected to close on July 21, 2023. Goldman Sachs & Co. LLC and Allen & Company LLC are acting as joint book-running managers.

Portfolio Pulse from Happy Mohamed

July 19, 2023 | 12:26 pm

AQMS

Aqua Metals, Inc. (NASDAQ:AQMS) has priced its underwritten public offering of 15.82 million shares of its common stock at $1.10 per share, expecting to raise $17.4 million. The company plans to use the proceeds for working capital, including expenditures related to the commencement of the Phase One build-out of its recently acquired five-acre recycling campus at the Tahoe Reno Industrial Center in McCarran, Nevada.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 12:21 pm

FWBI

First Wave BioPharma has announced the pricing of its public offering of 3.285 million shares of its common stock at $0.64 per share, aiming to raise $2.1 million.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 12:19 pm