Streetbeat News

Equity Actions

SSP

E.W. Scripps Company announced that the role of COO, currently held by Lisa Knutson, will be eliminated at the end of the year. Ms. Knutson will receive payments and benefits under the company's Executive Severance Plan, as well as a one-time benefit of $140,400 for medical insurance premiums.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 8:29 pm

FRZA

VEEE

Forza and Twin Vee announced that upon closing, they expect to have over $1 per share in cash, $2 per share in net assets, and no funded debt.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 8:28 pm

FRZA

VEEE

Twin Vee PowerCats Co. and Forza X1, Inc. have announced an all-stock merger agreement. Each holder of Forza common stock will receive 0.61166627 shares of Twin Vee common stock for each Forza share. The transaction is expected to close by the end of 2024.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 8:27 pm

PMD

Psychemedics shares are trading higher after the company announced a plan to cease the registration of its stock under federal securities laws following a proposed reverse stock split and to delist its shares from the Nasdaq.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 8:26 pm

RXO

RXO has announced purchase agreements with MFN Partners and certain accounts managed by Orbis Investments for a $550 million private financing.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 8:18 pm

ENVA

Enova's Board has authorized a new share repurchase program totaling $300 million, set to expire on December 31, 2025. This new program replaces the existing $300 million repurchase program that was set to expire on December 31, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 8:17 pm

PMD

Psychemedics has approved a plan to terminate the registration of its common stock.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 8:13 pm

QSR

Restaurant Brands International (RBI) has received an exchange notice from a 3G Capital affiliate for 6.53 million exchangeable units, which will be exchanged for an equal number of RBI common shares. The selling shareholder has commenced a public offering of up to 6.53 million common shares, with settlement expected by August 30, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 8:09 pm

ROG

Rogers Corporation's CFO, Ram Mayampurath, has resigned. Laura Russell will take over as interim CFO.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 8:09 pm

GNLN

Greenlane is set to issue 2,363,637 units and pre-funded units, each consisting of one share of common stock and two common warrants exercisable at $2.50 per share. The private placement is expected to close around August 13, 2024, pending customary conditions.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 7:57 pm