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Equity Actions

BLZE

Backblaze's stockholders have approved a plan to eliminate the dual-class share structure. This will result in the auto-conversion of all outstanding shares of Class B common stock into shares of Class A common stock on a 1:1 basis.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 8:27 pm

AMZN

Amazon's CEO, Andy Jassy, in a CNBC interview, stated that there are no plans to spin out Amazon Web Services (AWS).

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 8:25 pm

ABBV

AbbVie Inc has acquired IPR&D and Milestones Expense, which is expected to have an unfavorable impact of $0.15 to both share and adjusted share in Q2.

Portfolio Pulse from Happy Mohamed

July 06, 2023 | 8:25 pm

FSLR

JPM

First Solar Inc (FSLR) announced the establishment of a five-year revolving credit and guarantee facility worth $1 billion, with $250 million available for letters of credit. J.P. Morgan Chase Bank served as the Lead Arranger and Administrative Agent for the facility. The agreement supports First Solar's growth and liquidity objectives.

Portfolio Pulse from Henry Khederian

July 06, 2023 | 8:21 pm

LL

LL Flooring has announced three new leadership team appointments, all effective from July 10, 2023. Robert L. Madore will replace Terry Blanchard as Executive Vice President & CFO. Andrew W. Wadhams and Laura Massaro have been named as Senior Vice President, Retail and Commercial Sales, and Senior Vice President, Chief Marketing Officer respectively.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 8:18 pm

EVER

EverQuote, an online insurance marketplace, is planning to exit the health insurance sector. This move is expected to allow the company to focus more strategically and improve capital utilization.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 8:13 pm

NGMS

NeoGames SA has expanded its board with the election of Steve Capp and has regained compliance with Nasdaq listing rules related to audit committee composition, according to a Form 6 SEC filing.

Portfolio Pulse from Happy Mohamed

July 06, 2023 | 8:13 pm

EVER

EverQuote has announced plans to exit its health insurance vertical, which includes its marketplace and direct to consumer agency serving the Medicare and 'Under 65' health insurance market, and represented about 10% of the company's revenue in 2022. The company has also begun implementing a workforce reduction plan, which will result in severance charges of approximately $2.0 million to $3.0 million, primarily recognized in Q2 2023. EverQuote is also reviewing the potential impact of this decision on its balance sheet.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 8:13 pm

ZLAB

Zai Lab has announced the promotion of Yajing Chen to CFO, effective from July 7, 2023. Chen, currently the Deputy CFO, will succeed Billy Cho, who is stepping down to pursue an opportunity in private equity.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 8:06 pm

FSLR

First Solar, Inc. (NASDAQ:FSLR) has secured a five-year revolving credit and guarantee facility for $1 billion, with J.P. Morgan Chase Bank acting as Lead Arranger. Other banks participating include Bank of America, Citibank, Credit Agricole CIB, and PNC Bank, among others. The company plans to use the facility to support its growth strategy, which includes adding approximately 8 GWDC of new capacity between 2023 and 2026.

Portfolio Pulse from Happy Mohamed

July 06, 2023 | 8:06 pm