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Equity Actions

RCRT

Recruiter.com Group (NASDAQ:RCRT) and millionways Inc. have partnered to develop an AI-Powered Personality Evaluation Tool for recruiters and HR professionals. The partnership includes a revenue-sharing agreement and a mutual equity investment strategy, with each company potentially receiving up to $500,000 in value in the other through an exchange of equity.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 1:13 pm

NIO

NIO has entered into a share subscription agreement with CYVN Holdings, investing $738.5 million in cash to subscribe 84,695,543 Class A ordinary shares at $8.72 per share.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2023 | 1:11 pm

CELC

Celcuity, a biotechnology company, is set to join the Russell 2000 and 3000 Indexes, which could lead to increased visibility and trading volume for the stock.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2023 | 1:08 pm

BABA

DB

EADSY

GOOGL

GRAB

HYMTF

NVDA

SPOT

Spotify plans to launch a more expensive subscription plan called 'Supremium' with high-fidelity audio. Grab Holdings plans to cut its workforce by 5%. Deutsche Bank applies for a digital asset custody license. Google is in talks with Indian suppliers to assemble Pixel smartphones. Chinese vendors bypass the US embargo to supply Nvidia AI chips. Alibaba names Eddie Wu as its new CEO. Hyundai unveils an $85B investment plan for EVs. Airbus confirms a 500 A320 aircraft order from IndiGo.

Portfolio Pulse from Vandana Singh

June 20, 2023 | 1:07 pm

DFLI

Dragonfly Energy (NASDAQ: DFLI) has priced a $20 million underwritten public offering of 10 million shares of common stock at $2 per share, along with investor warrants. The offering is expected to close on June 22, 2023, and the proceeds will be used for working capital and general corporate purposes.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 1:06 pm

STRC

Sarcos Technology and Robotics Corporation (NASDAQ: STRC) has announced a 1-for-6 reverse stock split, effective on July 5, 2023. The split aims to increase the price per share of the company's common stock to comply with the $1.00 minimum bid price requirement for continued listing on Nasdaq.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 1:05 pm

GLTO

Galecto (GLTO) is set to join the Russell Microcap Index, which could lead to increased visibility and trading volume for the biotech company.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2023 | 12:59 pm

FFIE

Faraday Future has filed for approval to issue a Class A common stock and/or warrants offering up to $300 million. The company also announced a reverse stock split and will defer the second delivery phase of its limited edition FF 91 2.0 Futurist Alliance.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2023 | 12:52 pm

FIHL

Fidelis Insurance Holdings Limited has announced the launch of its IPO, offering 17 million common shares at a price of $16-$19 per share. The shares are expected to trade on the NYSE under the ticker symbol 'FIHL'.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 12:26 pm

NVCT

Nuvectis Pharma (NVCT) is set to join the Russell 2000 and Russell 3000 indexes, which could lead to increased visibility and trading volume for the stock.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2023 | 12:05 pm