Streetbeat News

Equity Actions

CCL

Argus Research analyst John Staszak has upgraded Carnival (NYSE:CCL) from Hold to Buy and announced a $21 price target.

Portfolio Pulse from richadhand@benzinga.com

July 18, 2023 | 1:27 pm

AXON

RCAC

Set Jet, a membership-based private jet charter program, is set to go public through a merger with Revelstone Capital Acquisition Corp. (RCAC). The deal includes $18 million in fully committed financing from Coleman Group. The combined company will operate as Set Jet and plans to continue listing on the Nasdaq under the symbol SJET. The merger is expected to close in Q4 2023.

Portfolio Pulse from Happy Mohamed

July 18, 2023 | 1:05 pm

HLIO

PII

Helios Technologies, Inc. (NYSE:HLIO) announced the retirement of its CFO, Tricia L. Fulton, who served the company for over 26 years. Sean P. Bagan, currently serving as Vice President, Finance – Business Unit CFO for International & Shared Services at Polaris (NYSE:PII), will succeed Fulton as CFO of Helios on August 9th. Fulton will continue at Helios in an advisory position for a year to ensure a smooth transition.

Portfolio Pulse from Happy Mohamed

July 18, 2023 | 1:02 pm

FXI

China plans to deepen the role of state companies in the energy, resources, and grain sectors, according to Bloomberg. This move could potentially impact the iShares China Large-Cap ETF (FXI), which includes state-owned companies.

Portfolio Pulse from Happy Mohamed

July 18, 2023 | 1:01 pm

LIXT

Lixte Biotechnology has announced the pricing of a $3.5 million registered direct offering and concurrent private placement priced at-the-market under Nasdaq rules. This has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 12:29 pm

NVDA

Nvidia is reportedly nearing a deal to take an equity stake in Lambda Labs, a startup that competes with Amazon Web Services in renting servers with Nvidia chips to other companies. The deal could total $300 million in new capital and might value Lambda Labs at over $1 billion. This follows Nvidia's similar equity stake in CoreWeave, a Lambda rival.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 12:24 pm

CBRL

Cracker Barrel Old Country Store has announced that Julie Felss Masino will succeed Sandra B. Cochran as the next President and CEO. Masino will assume the role of CEO-elect on August 7, 2023, and will work with Cochran through the end of October on a transition of duties. On November 1, 2023, Masino will become the Company's President and CEO and will be appointed to the Company's Board of Directors.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 12:16 pm

LIXT

Lixte Biotechnology has announced a registered direct offering of 583,334 shares and common warrants to purchase up to 583,334 shares in a concurrent private placement at $6.00 per common share.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 12:13 pm

SNPO

Paytronix has appointed Jeff Hindman as its new CEO, succeeding Andrew Robbins who will now serve as the Executive Chairman. The article also mentions SNPO.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 12:13 pm

LSEA

Landsea Homes Corporation (NASDAQ:LSEA) has raised $250 million through a private placement of 11% senior notes due 2028. The notes will be guaranteed by most of the company's subsidiaries. The proceeds will be used to pay down a portion of the outstanding borrowings under its revolving credit facility and for working capital and general corporate purposes.

Portfolio Pulse from Shivani Kumaresan

July 18, 2023 | 12:09 pm