Streetbeat News

Equity Actions

EDU

New Oriental Education & Technology Group Inc. (NYSE:EDU) has announced an increase in its share repurchase program from $400 million to $700 million and extended the program by two years through May 31, 2025. The company has already repurchased approximately $330.3 million worth of its ADSs.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 9:02 am

CSLR

SPWR

SunPower announces a $45M asset sale to complete Solaria and files for Chapter 11 bankruptcy to maximize asset value. The company will continue to operate Blue Raven Solar and New Homes during the Chapter 11 process and seeks value-maximizing sale transactions for remaining assets.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 5:37 am

GNS

Genius Group has announced a 1-for-10 reverse stock split to comply with NYSE's minimum price requirement. The split will be effective on August 16, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 5:23 am

ZI

ZoomInfo Technologies Inc (NASDAQ:ZI) reported disappointing Q2 earnings with both revenue and EPS missing estimates. The company also provided soft guidance for Q3 and announced a CFO transition. Shares dropped 13.37% in after-hours trading.

Portfolio Pulse from Adam Eckert

August 05, 2024 | 9:11 pm

HRB

H&R Block, Inc. (NYSE:HRB) has announced the appointment of Tiffany Mason as Executive Vice President, Finance, effective immediately. Mason will succeed Tony Bowen as Chief Financial Officer on September 13, 2024, following Bowen's retirement announcement earlier this year.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 8:47 pm

KFFB

Kentucky First Federal Bancorp (KFFB) announced the retirement of Chairman Tony D. Whitaker, effective August 1, 2024. Whitaker will step down as Chairman of both Kentucky First Federal Bancorp and First Federal Savings Bank of Kentucky.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 8:41 pm

YUMC

Yum China Holdings, Inc. (NYSE:YUMC) announced that its Chief Financial Officer, Andy Yeung, will resign for personal reasons effective September 30, 2024. Adrian Ding will be appointed as Acting CFO starting October 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 8:34 pm

YUMC

Yum China plans to open 1,500-1,700 new stores and make capital expenditures of $700M-$850M in FY24. The company also aims to return $1.5B to shareholders through dividends and share repurchases.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 8:32 pm

KRNL

KRNLU

KRNLW

Kernel Group Holdings, Inc. (NASDAQ: KRNLU, KRNL, KRNLW) announced it will redeem all outstanding Class A ordinary shares at approximately $10.80 per share by August 5, 2024, as it will not complete an initial business combination within the required timeframe. The company will cease operations and liquidate following the redemption.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 8:23 pm

ADN

Advent Technologies Holdings, Inc. (NASDAQ:ADN) has entered into a Securities Purchase Agreement with an institutional investor for a $1M loan and a $2M revolving line of credit, contingent on the filing of a Registration Statement on Form S-1 for a public offering.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 8:12 pm