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BTB

Bit Brother has announced the pricing of a $50 million registered direct offering, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 1:55 pm

NVDA

SFTBF

SFTBY

Nvidia Corp (NVDA) stock is trading higher amid reports of its plans to secure a long-term stake in the Softbank Group Corp (SFTBF, SFTBY) backed British chip designer Arm IPO. Truist analyst William Stein reiterated a Buy rating on Nvidia and raised the price target to $545 from $470. Stein raised his NVDA data center's end market revenue growth expectations for 2Q23 and several future quarters. NVDA management has highlighted recent capacity investments to support a much stronger second-half revenue outcome.

Portfolio Pulse from Anusuya Lahiri

July 14, 2023 | 1:50 pm

GABLF

GABY Inc. has forfeited its shares in Miramar Professional Services (MPS) in exchange for the release of a $22.5M debt. The company had defaulted on its obligations under a promissory note for $22.5M, secured by a first priority security interest in the collateral, which included all outstanding shares of MPS. The company will consider the feasibility of continuing to operate its CBD business under the Lulu's and 2Rise brands.

Portfolio Pulse from Vuk Zdinjak

July 14, 2023 | 1:41 pm

DMAQ

Shares of Deep Medicine Acquisition Corp. (DMAQ) were halted on a circuit breaker due to a sharp downside movement. However, the stock is now up by 31.8%.

Portfolio Pulse from Happy Mohamed

July 14, 2023 | 1:38 pm

DMAQ

Shares of Deep Medicine Acquisition (DMAQ) were halted on a circuit breaker due to a sharp downside move. However, the stock is now up by 48.4%.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 1:34 pm

GLMD

Galmed Pharmaceuticals Ltd. (NASDAQ:GLMD) has announced a public offering of 5.6 million shares and warrants at a purchase price of $1.25 per share. The gross proceeds from the offering are expected to be approximately $7 million. The offering is expected to close on July 18, 2023.

Portfolio Pulse from Happy Mohamed

July 14, 2023 | 1:31 pm

CRBU

PFE

Caribou Biosciences has raised $125 million through an upsized underwritten public offering of 19.2 million shares at $6.50 per share. This comes a week after Pfizer invested $25 million in the company. Caribou also reported long-term follow-up data from the dose escalation portion of the ongoing ANTLER Phase 1 trial of CB-010, an allogeneic anti-CD19 CAR-T cell therapy for relapsed or refractory B cell non-Hodgkin lymphoma.

Portfolio Pulse from Vandana Singh

July 14, 2023 | 1:28 pm

CJET

Chijet Motor Company, Inc. (NASDAQ:CJET) announced that its majority-owned subsidiary FAW Jilin Automobile Co., Ltd. has completed its first shipment of automobile orders to Peru through its newly developed export operation at Tianjin Port, China. This marks the official opening of FAW Jilin's dual-channel export model, indicating a new phase of development for the company's international marketing business.

Portfolio Pulse from Happy Mohamed

July 14, 2023 | 1:20 pm

GRUSF

Grown Rogue International Inc. has secured $5 million through a non-brokered private placement of unsecured convertible debentures. The company also issued 13.7 million common share purchase warrants to the subscribers. The debentures will mature in four years and bear an interest rate of 9% per annum. The proceeds will be used for business expansion and general corporate purposes.

Portfolio Pulse from Vuk Zdinjak

July 14, 2023 | 1:17 pm

BTB

Bit Brother Limited (NASDAQ:BTB) has announced a registered direct offering of 2 billion Class A Ordinary Shares at a purchase price of $0.25 per share, aiming to raise $50 million. The offering is expected to close on July 18, 2023.

Portfolio Pulse from Happy Mohamed

July 14, 2023 | 1:16 pm