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CTM

Castellum announced that Mark Fuller, Co-founder and CEO, will be stepping down. Glen Ives, currently the Chief Operating Officer, will take over as the new CEO effective July 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 10:49 am

HOOD

Robinhood shares are trading higher after the company announced a $1 billion share repurchase program.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 10:37 am

ALLT

Allot shares are trading lower after the company reported Q1 results, reiterated FY24 guidance, and named a new CFO.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 9:59 am

BABA

JD

LNVGY

Lenovo Group Ltd. (OTC:LNVGY) will issue $2 billion in zero-coupon convertible bonds to Saudi Arabia's Public Investment Fund. The bonds will convert at a 12% discount to Lenovo's share price and represent about 12% of current capital upon maturity. Lenovo plans to establish an R&D center in Riyadh and expand production in the region. This move aligns with the PIF's strategy to diversify Saudi Arabia's economy and increase investments in Asian tech firms.

Portfolio Pulse from Benzinga Neuro

May 29, 2024 | 9:45 am

GOGL

Golden Ocean announced that CEO Lars-Christian Svensen has decided to step down. CFO Peder Simonsen has been appointed as interim CEO and CFO.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 8:09 am

INSM

Insmed Inc. announced plans to raise $500 million through a public offering of common stock.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 7:06 am

CATY

Cathay General Bancorp has announced a new $125 million share repurchase program. The previous program, also worth $125 million, was completed on February 21, 2023, with the repurchase of 2,897,628 shares at an average cost of $43.14.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 7:00 am

FTAI

FTAI Aviation has priced a secondary offering of 2,090,561 ordinary shares for approximately $171.426 million. The shares will be offered by the underwriter on the Nasdaq Global Select Market and other venues. The offering is expected to close on May 30, 2024, subject to customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 6:35 am

CCCS

CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCCS) has priced a secondary offering of 50 million common shares at $11.50 per share. The offering is by affiliates of Advent International and Oak Hill Capital Partners, and the company will not receive any proceeds from the sale. The offering is expected to close around May 30, 2024, pending customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 6:32 am

BWAQ

Blue World Acquisition Corp (NASDAQ:BWAQ) saw a 39.37% surge in after-hours trading to $12 following significant shareholder engagement at its recent Extraordinary General Meeting. Despite this boost, the stock is still down 21.94% year-to-date.

Portfolio Pulse from Benzinga Neuro

May 29, 2024 | 6:26 am