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Equity Actions

TENX

Tenax Therapeutics shares are trading higher following the announcement of an oversubscribed $100 million private placement.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 12:35 pm

LUV

Elliott Investment Management has announced a 7% stake in Southwest Airlines (NYSE:LUV) and is advocating for a management overhaul, including the replacement of CEO Bob Jordan and Executive Chairman Gary Kelly. Elliott's total economic interest in Southwest, including derivatives, is approximately 11%. The firm is pushing for changes to enhance the airline's performance and has hinted at proposing new board candidates.

Portfolio Pulse from Benzinga Neuro

August 06, 2024 | 12:31 pm

LUMN

PLTR

TENX

Lumen Technologies secures $5 billion in new business, Tenax Therapeutics raises $100 million in private placement financing, and Palantir reports better-than-expected Q2 results and raises guidance.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 12:23 pm

RMCF

Rocky Mountain Chocolate Factory Inc. (NASDAQ:RMCF) announced a $2.2 million private placement of 1.25 million shares at $1.75 per share, a 15% premium to the closing stock price on August 5, 2024. The proceeds will be used for working capital and general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 12:13 pm

FSTR

L.B. Foster has approved a modification to its $15M stock repurchase program, shortening the tenure to two years and removing the trailing-twelve month spending restriction. This change increases the company's flexibility to repurchase more stock before the program expires in February 2025.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 12:05 pm

TALK

Talkspace's Board of Directors has approved an additional share repurchase program, authorizing the company to repurchase up to $25 million worth of shares over the next 24 months.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 12:03 pm

ALIT

Alight CEO Stephan Scholl will step down after a successor is named, with Dave Guilmette appointed as Vice Chair. The Board is actively searching for a new CEO following the sale of Payroll & Professional Services.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 11:53 am

BLDR

Builders FirstSource has authorized a $1 billion share buyback program, indicating confidence in its financial health and future prospects.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 11:04 am

RCL

Royal Caribbean Cruises (RCL) has announced plans to enter into exchange agreements with certain holders of its 6.000% Convertible Senior Notes due 2025.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 10:44 am

HUT

Hut 8 Corp has announced that Sean Glennan will be the new CFO, effective August 21, 2024. The current CFO, Shenif Visram, is stepping down for personal, family-related reasons but will remain with the company until Glennan takes over to ensure a smooth transition.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 10:42 am