Streetbeat News

Equity Actions

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

DPST

FFWM

IAT

KRE

First Foundation Inc. (NYSE:FFWM) shares plunged 24.7% after a $228 million fundraise led by Fortress Investment Group. The capital infusion aims to help the bank manage its commercial real estate exposure. D.A. Davidson & Co. upgraded FFWM from Neutral to Buy, raising the price target to $9. Retail bank ETFs also saw declines.

Portfolio Pulse from Michael Juliano

July 03, 2024 | 5:26 pm

PSNL

TEM

Personalis (PSNL) has disclosed in an SEC filing that Tempus AI holds a 15.1% stake in the company as of July 3, 2024.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 5:09 pm

CBWTF

CNPOF

CNTMF

GLASF

ITHUF

LOWLF

MEDIF

The article highlights recent executive changes in the cannabis industry, including board elections and new appointments at several companies. Notable changes include new board members at Auxly Cannabis Group, iAnthus Capital Holdings, MediPharm Labs, and Glass House Brands. Additionally, Sandy Li joins Viridian Capital Advisors' advisory board, Lowell Farms' CFO resigns, and RIV Capital and Cansortium appoint a new chief retail officer ahead of their merger.

Portfolio Pulse from Jelena Martinovic

July 03, 2024 | 5:08 pm

VUZI

Vuzix Corporation has ceased funding for its development activities with Atomistic SAS under a license agreement. Atomistic terminated the license on July 1, 2024. Vuzix retains rights to license royalties, an equity interest, and a board appointment but must incur an impairment charge of $32.2M.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 5:05 pm