Streetbeat News

Equity Actions

HUDA

Hudson Acquisition I (HUDA) and Aiways Europe have entered into a business combination agreement valued at $400 million. The de-SPAC is expected to close around December 31, 2024, with HUDA's shareholders becoming minority and non-controlling shareholders in the combined entity. This deal aims to strengthen Aiways Europe's presence in Europe by providing growth capital and aligning with European design concepts.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 7:03 am

VSEC

VSE Corporation has priced a public offering of 2,112,676 common stock at $71 per share, expecting net proceeds of approximately $141.0 million. The funds will be used to repay borrowings, support future acquisitions, and for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 6:18 am

AMC

BB

GME

The recent surge in meme stocks, including GameStop (GME), AMC Entertainment (AMC), and BlackBerry (BB), is not driven by retail traders, according to JJ Kinahan, CEO of IG North America. The exact catalyst remains unclear, but the re-emergence of 'Roaring Kitty' has sparked renewed interest. Analysts speculate on potential factors that could impact the rally, such as stock offerings and market boredom.

Portfolio Pulse from Benzinga Neuro

May 15, 2024 | 6:08 am

ARKF

ARKK

ARKW

SHOP

SQ

Cathie Wood's Ark Invest made significant trades, buying Shopify shares and selling Block shares. Ark's ETFs purchased 105,034 shares of Shopify valued at $6.09 million and sold 210,591 shares of Block valued at $15 million. The trades follow Shopify's Q1 earnings report and Block's Q1 financial results.

Portfolio Pulse from Benzinga Neuro

May 15, 2024 | 2:46 am

JNJ

KVUE

Kenvue has priced a secondary offering of 182.3 million shares of common stock at $20 per share.

Portfolio Pulse from Charles Gross

May 14, 2024 | 11:17 pm

HTCR

Heartcore CEO Sumitaka Kanno Yamamoto outlines the company's focus for the remainder of the year on expanding its enterprise software business through cost reduction strategies and seeking synergistic opportunities with its subsidiaries and divisions. The company aims to sustain its growth trajectory into 2024 and expects to announce the completion of several IPOs this year, as part of its strategy towards achieving overall profitability.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 9:26 pm

WKHS

Workhorse Group Inc. (NASDAQ:WKHS) stockholders approved a proposal for a reverse stock split of outstanding shares by a ratio between 1-for-10 and 1-for-20, to be executed before August 30, 2024. This move aims to comply with Nasdaq Listing Rules. Additionally, stockholders voted on the re-election of board members and the issuance of shares underlying convertible notes and warrants.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 9:25 pm

NOC

Kenneth B. Crews, currently VP of business management and CFO for Northrop Grumman's Space Systems sector, has been elected by the board to succeed Dave Keffer as VP, Corporate Finance, effective October 1, 2024. Crews will start his new role on July 1, working closely with Keffer for a smooth transition.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 9:11 pm

AQMS

Aqua Metals shares are trading lower following the announcement of a proposed public offering.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 9:06 pm

BHLB

Berkshire Hills Bancorp announced CFO David Rosato will step down on June 14, 2024, to pursue other interests. Brett Brbovic, currently Chief Accounting Officer, will succeed him as Executive Vice President and CFO. Brbovic, who joined the company from KPMG LLP in 2012, previously served as Interim CFO.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 9:06 pm