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Equity Actions

SMCI

Super Micro Computer, Inc. (NASDAQ:SMCI) shares are trading higher following the release of its fourth-quarter financial results for fiscal year 2024. Despite missing EPS estimates, the company reported significant annual revenue growth and announced a 10-for-1 stock split. Analysts have mixed ratings on the stock, and the company will participate in several upcoming investor conferences.

Portfolio Pulse from Vaishali Prayag

August 12, 2024 | 7:34 pm

KKR

KKR has decided to drop its plans to sell the school chain Lighthouse Learning. This decision could impact KKR's portfolio and future investment strategies.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 5:57 pm

HUGE

FSD Pharma Inc. (NASDAQ:HUGE) is rebranding to Quantum BioPharma Ltd. and undergoing a share consolidation to meet Nasdaq's listing requirements. The consolidation will convert every 65 pre-consolidation shares into 1 post-consolidation share, effective August 15, 2024. The company will also conduct a private placement to strengthen voting rights.

Portfolio Pulse from Juan Spínelli

August 12, 2024 | 4:44 pm

KWE

KWESST Micro Systems Inc. (NASDAQ:KWE) has entered into definitive agreements for the purchase and sale of 4.715 million common shares at $0.20 per share in a registered direct offering. Concurrently, the company will issue unregistered warrants to purchase up to 4.715 million common shares at $0.25 per share. The offering is expected to close around August 13, 2024, with H.C. Wainwright & Co. acting as the exclusive placement agent.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 4:39 pm

MNMD

Mind Medicine (MindMed) (NASDAQ:MNMD) announced a public offering of 9.29 million shares at $7.00 per share, aiming to raise $75 million. The proceeds will support R&D, working capital, and general corporate purposes. The offering is expected to close on August 12, 2024. MindMed also issued a new patent for MM120, extending IP protection through 2041. Shares traded 2.32% lower at $6.75 during Monday's pre-market session.

Portfolio Pulse from Nina Zdinjak

August 12, 2024 | 4:15 pm

ENSV

STRR

Star Equity Holdings, Inc. (NASDAQ: STRR, STRRP) has completed an investment in Enservco Corporation (NYSE: ENSV) by issuing 250,000 shares of its 10% Series A Cumulative Perpetual Preferred Stock to Enservco in exchange for 12.5 million ENSV common shares and share equivalents. Additionally, Star made a $1 million short-term loan to Enservco to facilitate the acquisition of Buckshot Trucking, LLC. Star will also receive a seat on Enservco's Board of Directors.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 4:02 pm

AILE

BEKE

GNLN

RILY

RVNC

STIM

U.S. stocks traded mixed with the Nasdaq Composite gaining 0.2%. KE Holdings reported strong Q2 results and increased its repurchase authorization. Greenlane Holdings surged 220% on a new distribution deal. Revance Therapeutics rose 86% after a merger agreement. B. Riley Financial shares plunged 56% on preliminary Q2 results. Neuronetics fell 55% on poor Q2 results and weak Q3 guidance. iLearningEngines dropped 40% ahead of its Q2 earnings report.

Portfolio Pulse from Avi Kapoor

August 12, 2024 | 4:00 pm

STRR

Star Equity has authorized a new stock repurchase program to buy back up to $1 million of its issued and outstanding common stock, as per an SEC filing on August 7.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 3:59 pm

TXG

10x Genomics' recent 13G filing reveals that ARK Investment Management LLC has reported a 10.75% stake in the company as of July 31, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 3:19 pm

SBUX

Starbucks is nearing an agreement to grant Elliott Management a board seat and is considering a review of its capital allocation and operations.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 2:59 pm