Streetbeat News

Equity Actions

PERI

Perion Network Ltd. (NASDAQ:PERI) reported a 39% Y/Y decline in Q2 FY24 revenue to $108.7 million, beating the consensus of $107.0 million. Despite growth in Retail Media and CTV revenues, overall performance was weak with significant declines in Search Advertising and Open Web Video revenues. Adjusted EBITDA fell 81% Y/Y to $7.7 million, and adjusted EPS of $0.26 exceeded the consensus loss of $0.01. The company reiterated its FY24 revenue outlook and expanded its share repurchase program.

Portfolio Pulse from Lekha Gupta

July 31, 2024 | 2:49 pm

SYTA

Siyata Mobile Inc. (NASDAQ: SYTA) announced a 1-for-18 reverse stock split effective August 2, 2024. The stock will trade on a post-split basis under the same symbol, SYTA, with a new CUSIP number.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 1:04 pm

SLS

SELLAS Life Sciences has entered into a $21 million securities purchase agreement with an institutional investor. The direct offering includes 15.8 million shares and warrants priced at $1.325 per share, exercisable at $1.20. The transaction is expected to close on August 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 12:33 pm

IMNN

Imunon shares are trading lower following the announcement of a $10M registered direct offering of 5M shares of common stock with unregistered warrants at a price of $2 per unit.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 12:27 pm

DD

DuPont De Nemours, Inc. (NYSE: DD) reported better-than-expected Q2 earnings, with a 2% Y/Y sales increase to $3.171 billion and a 14% Y/Y rise in adjusted EPS to $0.97. The company raised its 2024 outlook and announced plans to split into three publicly traded entities, focusing on Electronics and Water businesses. DD shares rose 4.50% premarket.

Portfolio Pulse from Lekha Gupta

July 31, 2024 | 12:20 pm

IMNN

IMUNON, Inc. (NASDAQ:IMNN) announced a $10 million registered direct offering of 5 million shares of common stock at $2 per unit, including unregistered warrants. The offering is expected to close around August 1, 2024, with H.C. Wainwright & Co. as the lead placement agent.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 12:15 pm

AINC

Ashford Inc. (NYSE:AINC) has announced a 1-for-10,000 reverse stock split followed by a 10,000-for-1 forward stock split as part of its plan to delist from the NYSE American stock exchange.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 12:12 pm

TCBP

TC BioPharm has announced a change in the ratio of its American Depositary Shares (ADS) from 1 ADS representing 20 ordinary shares to 1 ADS representing 200 ordinary shares, effective August 5, 2024.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 12:05 pm

LOVE

The Lovesac Company has extended its revolving credit facility by $10 million for five years and authorized a share repurchase program up to $40 million.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 11:20 am

JCI

Johnson Controls announced that George R. Oliver will retire as CEO and remain Chair of the Board. The company will initiate the CEO succession plan.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 10:58 am