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FRZA

ONEW

Forza X1 Inc (NASDAQ:FRZA) has priced a public offering of 5.33 million shares at $1.50 per share, a 51.9% discount to its closing price on June 9, 2023. The company expects to raise $8 million and plans to use the proceeds for its manufacturing facility and other corporate purposes. Forza also received an initial purchase order from OneWater Marine Inc (NASDAQ:ONEW) for 100 units of its electric monohull boat, potentially generating $12 million in revenue.

Portfolio Pulse from Shivani Kumaresan

June 12, 2023 | 4:05 pm

ABM

Noodoe, an electric vehicle (EV) charging software developer, has received a strategic investment from ABM (NYSE:ABM), a leading provider of facility services and infrastructure solutions. The investment aims to accelerate the adoption of sustainable transportation and enhance customer-centric EV charging experiences.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 2:18 pm

FRZA

Forza X1 (NASDAQ: FRZA) has priced its public offering of 5,334,000 shares at $1.50 per share, raising approximately $8 million. The company plans to use the proceeds for manufacturing facility development, working capital, and general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 1:10 pm

ON

onsemi (ON) will be added to the Nasdaq-100 Index on June 20, potentially increasing its visibility and attracting more investors.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 1:06 pm

FUV

Arcimoto, Inc. (NASDAQ:FUV) announces a $2.5M registered direct offering and concurrent private placement, selling 1,467,576 shares of common stock and warrants to purchase 2,935,152 shares at a combined purchase price of $1.70.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 1:05 pm

PFBC

Preferred Bank (PFBC) has received the necessary approvals to initiate its share repurchase program.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 12:32 pm

KFS

Kingsway Financial Services (KFS) is set to join the Russell 3000 and Russell 2000 Indexes, which could lead to increased visibility and trading volume for the stock.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 12:32 pm

CELZ

Creative Medical Technology (CELZ) has announced a $2 million stock buyback program, aiming to increase shareholder value.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 12:04 pm

GNLX

Genelux Corporation has announced an $18 million private placement, offering 900,000 shares at $20 per share.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 11:05 am

AMD

MSFT

NVDA

QQQ

SPY

TSM

Foord Asset Management's Brian Arcese warns of an overheated market amid lingering inflation and believes the Fed's rate tightening cycle is not over. He highlights the divergence between tech stocks and the rest of the S&P 500, with tech stocks driving much of the rally this year.

Portfolio Pulse from Bhavik Nair

June 12, 2023 | 7:12 am