Streetbeat News

Equity Actions

CACO

Caravelle International Group (NASDAQ:CACO) has entered agreements with two institutional investors to terminate all terms and provisions of the Securities Purchase Agreement dated January 5, 2024. This includes buying back a $1.5 million Senior Secured Original Issue 15% Discount Convertible Promissory Note and cancelling the investors' rights to purchase the company's common shares.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 2:11 pm

CNP

CenterPoint Energy shares are trading higher following the announcement of a $250 million public offering of 9,754,194 shares at $25.63 per share.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 1:17 pm

LGCL

Lucas GC Limited (NASDAQ:LGCL) has announced a $6 million share repurchase program, effective immediately for up to one year. The company, which operates as an AI technology-driven Platform-as-a-Service (PaaS) provider, aims to repurchase shares equivalent to the amount raised in its IPO in March 2024.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 1:09 pm

ZBRA

Spruce Point Capital Management has issued an investment opinion on Zebra Technologies Corp. (NASDAQ: ZBRA), suggesting that the company's share price could be overvalued with a potential long-term downside risk of 65%–80%. The report highlights competitive pressures, questionable financial reporting, and failed acquisitions as key concerns.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 1:08 pm

SEED

Origin Agritech has appointed Patrick Cheng as its new CFO and board member. Cheng brings over 30 years of experience in corporate management, investment, and financial control, which is expected to enhance the company's financial strategy and operational efficiency.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 1:03 pm

WAVE

Eco Wave Power Global AB (NASDAQ:WAVE) has received approval from the Swedish Financial Supervisory Authority to repurchase up to 10% of its American Depositary Shares (ADS). The company will proceed with agreements for the buyback.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 1:00 pm

EBIT

MUR

VTWV

Murphy Oil Corp (NYSE:MUR) reported Q2 adjusted earnings per share of 81 cents, surpassing the consensus of 74 cents. Revenues were $802.77 million, slightly below the consensus of $813.46 million. The company repurchased $56 million of stock and announced a quarterly dividend of 30 cents per share. Murphy Oil also raised its share repurchase authorization by $500 million. The company expects Q3 net production of 181.5 to 189.5 MBOEPD. Investors can gain exposure to the stock via Harbor ETF Trust Harbor AlphaEdge Small Cap Earners ETF (NYSE:EBIT) and Vanguard Russell 2000 Value ETF (NASDAQ:VTWV).

Portfolio Pulse from Lekha Gupta

August 08, 2024 | 12:54 pm

XTNT

Xtant Medical has announced a private placement of $5 million, offering 7.812 million shares at $0.64 per share.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 12:44 pm

CGBS

Crown LNG Holdings Limited (NASDAQ:CGBS) has appointed Andrew Judson as Chairman of the Board, effective August 2, 2024. The current Chairman, Jørn Husemoen, will continue as a Board member and Chief Financial Officer.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 12:26 pm

AKTS

Akoustis Technologies, Inc. (Nasdaq: AKTS) announced the resignation of Jeffery B. Shealy as CEO and Board member, effective August 6, 2024. Kamran Cheema, the current Chief Product Officer, will serve as interim CEO.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 12:25 pm