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Equity Actions

OGI

Organigram Holdings Inc. (NASDAQ:OGI) (TSX:OGI) has completed a share consolidation at a ratio of four pre-consolidation common shares for every one post-consolidation common share. The move was made to ensure the company continues to comply with Nasdaq listing requirements after its common share price fell below an average of $1.00 for a consecutive 30 trading-day period. The post-consolidation common shares will commence trading on July 7, 2023.

Portfolio Pulse from Vuk Zdinjak

July 06, 2023 | 1:27 pm

XXII

22nd Century Group, Inc. has announced a $3 million registered direct offering priced above the market. The company plans to use the net proceeds for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 1:25 pm

BTCUSD

MARA

Marathon Digital Holdings Inc (NASDAQ:MARA) provided a Bitcoin production and mining update for June, revealing that it produced 979 bitcoin, down 21% from May but up 599% YoY. The decrease was due to weather-related issues and a decline in transaction fees. The company also announced a new joint venture in Abu Dhabi and reported that it energized 18,500 Bitcoin miners in June, increasing its operational hash rate by 16% to 17.7 EH/s. Marathon Digital sold 700 bitcoin in June and ended the month with $113.7 million in cash and equivalents.

Portfolio Pulse from Adam Eckert

July 06, 2023 | 1:15 pm

JFBR

Jeffs' Brands is set to acquire a 50.01% interest in an AI marketing business to enhance its machine learning capabilities. The company will invest $1M, half in cash and half in newly-issued ordinary shares.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 1:08 pm

LZM

Lifezone Metals has completed its business combination with GoGreen Investments, creating the first pure-play nickel resource and cleaner technology company listed on the NYSE. The company's shares and warrants are expected to start trading under the ticker symbols 'LZM' and 'LZMW'. The transaction brought in gross proceeds of approximately $86.6 million for Lifezone Metals. The company has received strong support from the U.S. and Tanzanian governments, highlighting Tanzania's importance as a key emerging supplier of critical minerals.

Portfolio Pulse from Happy Mohamed

July 06, 2023 | 1:07 pm

CRIS

Curis, Inc. (NASDAQ:CRIS) shares dropped by 8.29% after the company announced a $15.1 million registered direct offering. The company plans to sell 18.4 million shares at 82 cents per share to existing investors. The proceeds will be used for research, development, working capital, and general corporate purposes. The offering is expected to close around July 10.

Portfolio Pulse from Henry Khederian

July 06, 2023 | 1:06 pm

IGC

IGC Pharma, Inc. (AMEX:IGC) has secured a strategic investment from four funds managed by Bradbury Asset Management and three unrelated investors, resulting in approximately $3 million in gross proceeds. The funds will support the advancement of the company's phase-2 clinical trial of IGC-AD1, a drug candidate designed to address agitation in dementia caused by Alzheimer's disease. The private placement is subject to approval by the NYSE and will involve the issuance of ten million shares of unregistered common stock at $0.30 per share.

Portfolio Pulse from Vuk Zdinjak

July 06, 2023 | 1:06 pm

VBIV

VBI Vaccines Inc. has announced the pricing of its underwritten public offering and concurrent registered direct offering, which are expected to generate approximately $21 million in gross proceeds. The funds will be used for the commercialization of PreHevbrio in the US, Europe, and Canada, manufacturing of PreHevbrio and clinical materials for its pipeline programs, and ongoing activities related to its development stage candidates, including VBI-1901 and VBI-2901.

Portfolio Pulse from Happy Mohamed

July 06, 2023 | 1:03 pm

AQN

Starboard Value LP has sent a letter to Algonquin Power & Utilities Corp. suggesting a sale of all or a substantial majority of the company's unregulated renewables business. Starboard believes this move could accelerate efforts to delever, lower the dividend payout ratio, and restore investor confidence. The firm also provided specific suggestions to guide Algonquin's publicly disclosed review process for the unregulated renewables business.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 1:02 pm

EA

Esports platform 1v1Me, which allows players to monetize their skills and fans to bet on players, has gained significant attention in the gaming community with over 250,000 users. The platform hosts games like Electronic Arts Inc.'s 'NBA 2K23' and 'Madden', and plans to include 'UFC', 'MLB', and Epic Games' 'Fortnite' soon. 1v1Me has raised $4 million to date and plans to raise a Series A funding round later this year.

Portfolio Pulse from Franca Quarneti

July 06, 2023 | 1:01 pm