Streetbeat News

Equity Actions

SPEC

Spectaire Holdings will be delisted from NASDAQ and trading will be suspended on August 7, 2024. The company anticipates trading on the OTC market under the symbol 'SPEC'.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 1:20 pm

GNS

Genius Group announced a 1-for-10 reverse stock split.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 1:12 pm

ALIT

Alight shares are trading lower after the company reported worse-than-expected Q2 financial results and announced the resignation of CEO Stephan Scholl.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 12:58 pm

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