Streetbeat News

Equity Actions

KRNL

Kernel Group has extended the period to complete its initial business combination to August 5, 2024.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 3:01 pm

NIO

NIO has announced the resignation of its CFO, Steven Wei Feng, for personal and family reasons, effective July 5, 2024. Stanley Yu Qu, the Senior Vice President of Finance, has been promoted to the new CFO position.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 3:01 pm

IONM

Assure Holdings announced an 18-to-1 reverse stock split effective July 9, 2024, to maintain NASDAQ compliance and make its bid price more attractive to investors.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 3:01 pm

FANH

Fanhua Inc. (NASDAQ:FANH) has doubled its share repurchase program to $40 million and announced that its leadership will personally invest $5 million in the company's shares. This move signals confidence in the company's long-term growth prospects despite recent industry challenges.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 3:00 pm

DJT

Trump Media & Technology Group (TMTG) announced a perpetual licensing agreement for streaming technology and long-term equity financing. The deal involves issuing up to 5,100,000 shares of common stock and $17.5 million to be paid over three years.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 3:00 pm

EHGO

Eshallgo has successfully closed its $5 million initial public offering (IPO) at $4 per share. The shares have begun trading on the Nasdaq under the ticker symbol EHGO.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 3:00 pm

WKHS

Workhorse Group has regained Nasdaq compliance with the minimum bid price requirement following a 1-for-20 reverse stock split.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 3:00 pm

CM

NVDA

CIBC announced a 4-for-1 split of its Nvidia Canadian Depositary Receipts (CAD Hedged) effective July 10, 2024. The split will not impact the economic value of investors' positions.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 3:00 pm

ACHR

ARKK

AVAV

BLDE

DNA

NTLA

TDOC

TSLA

VERV

Cathie Wood's Ark Invest sold $3.25M worth of Tesla shares despite a recent rally driven by strong Q2 deliveries. Ark Invest also made trades involving Teladoc Health, Intellia Therapeutics, Verve Therapeutics, Archer Aviation, Ginkgo Bioworks, AeroVironment, and Blade Air Mobility.

Portfolio Pulse from Benzinga Neuro

July 05, 2024 | 2:59 pm

CNSP

CNS Pharmaceuticals, Inc. (NASDAQ:CNSP) experienced significant volatility on Wednesday, driven by high retail trading volume and a strategic financial move. The company announced an offering of 1.425 million shares and warrants to health-focused institutional investors, expecting gross proceeds of approximately $1.98 million.

Portfolio Pulse from Vaishali Prayag

July 05, 2024 | 2:59 pm