Streetbeat News

Equity Actions

CNSP

CNS Pharmaceuticals, Inc. (NASDAQ:CNSP) announced a $1.98 million registered direct offering and concurrent private placement of 1.425 million shares of common stock at $1.39 per share. The proceeds will be used for working capital and general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 3:15 pm

SCNI

Scinai Immunotherapeutics has received approval from Nasdaq to continue its listing, provided it meets the equity requirement by August 14, 2024.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 1:35 pm

CCTS

VVPR

VivoPower International's subsidiary, Tembo e-LV, has agreed to a one-month extension of its exclusive heads agreement with Cactus Acquisition Corp. I, extending the deadline to July 31, 2024.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 1:31 pm

ANTE

AirNet Technology Inc. (ANTE) has announced the termination of its share purchase agreement, as per an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 1:14 pm

AVGO

Broadcom Inc. (NASDAQ:AVGO) has surged over 10% following the announcement of a 10-for-1 stock split. The company has shown strong financial performance, beating earnings and revenue expectations. Technical indicators and investor sentiment suggest continued bullish momentum ahead of the stock split scheduled in 12 days.

Portfolio Pulse from Surbhi Jain

July 03, 2024 | 1:10 pm

LUV

Southwest Airlines (NYSE:LUV) has activated a limited-duration shareholder rights plan in response to Elliott Investment Management's 11% stake. The plan aims to prevent any person or group from acquiring significant control without compensating shareholders. This move follows Elliott's call for leadership changes and Southwest's lowered revenue outlook for Q2 2024.

Portfolio Pulse from Nabaparna Bhattacharya

July 03, 2024 | 12:54 pm

RPAY

Repay Holdings Corp (NASDAQ:RPAY) shares dropped by 11.9% to $9.00 after announcing a $260 million convertible notes offering due 2029. The proceeds will fund capped call transactions, repurchase 2026 convertible notes and Class A common stock, and for general corporate purposes.

Portfolio Pulse from Henry Khederian

July 03, 2024 | 12:48 pm

DOYU

PARA

RPAY

Market-Moving News for July 3rd: Paramount Global (PARA) shares rise 16% on merger news with Skydance, DouYu International Holdings (DOYU) shares surge 38% after announcing a special cash dividend, and Repay (RPAY) shares fall 14% following the pricing of its convertible notes offering.

Portfolio Pulse from ryanfaloona@benzinga.com

July 03, 2024 | 12:42 pm

RPAY

Repay shares are trading lower after the company announced pricing of its convertible notes offering.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 12:35 pm

FFND

NVDA

TSLA

Tesla shares have surged over 10% following the release of Q2 deliveries, causing significant losses for short sellers. Gary Black's Future Fund reduced its Tesla holdings earlier this year, replacing it with Nvidia, which has performed exceptionally well. Despite missing out on Tesla's recent rally, Black remains confident in his decision due to Nvidia's strong performance and Tesla's high valuation.

Portfolio Pulse from Shanthi Rexaline

July 03, 2024 | 12:06 pm