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SISI

Shineco has reached an agreement through a Securities Purchase Agreement with certain non-U.S. investors to sell 1.4 million shares of its common stock at $5.00 per share. This offering is designed explicitly for purchasers who are neither U.S. residents nor defined as 'U.S. Persons' under Rule 902(K) of Regulation S, aiming to raise approximately $7.0 million in gross proceeds before customary expenses.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 1:10 pm

RVSB

Riverview Bancorp has announced the appointment of Nicole Sherman as the new President and CEO, effective July 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 1:01 pm

CRKN

Crown Electrokinetics Corp. (NASDAQ:CRKN) shares are trading lower after the company announced a 1-for-150 reverse stock split, effective June 25. The company also secured a $12 million dark fiber construction project and received conditional approval for continued Nasdaq listing.

Portfolio Pulse from Erica Kollmann

June 21, 2024 | 12:54 pm

CRKN

Crown Electrokinetics shares are trading lower following the announcement of a 1-for-150 reverse stock split.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 12:48 pm

ABL

Abacus Life shares are trading lower following the announcement of a public offering of common stock.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 12:47 pm

NKLA

Nikola Corporation (NASDAQ:NKLA) shares are gaining in the premarket session after a significant 31.5% dip the previous day. The company announced a 1-for-30 reverse stock split effective June 24, aiming to increase its stock price and prevent delisting. However, challenges persist, including a multi-billion dollar lawsuit from founder Trevor Milton and removal from the Russell 3000 Index. Nikola's Q1 results showed a decline in sales and production compared to the previous year.

Portfolio Pulse from Nabaparna Bhattacharya

June 21, 2024 | 12:19 pm

RECT

Rectitude Holdings has announced the pricing of its initial public offering (IPO) at $4.00 per share, with a total of 2 million shares being offered, raising $8 million.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 12:13 pm

OCTO

Eightco Holdings Inc. has entered into several agreements on June 14, 19, and 20, 2024, resulting in an increase in stockholders' equity by approximately $12.9 million.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 12:10 pm

PTN

Palatin Technologies has entered into a warrant inducement agreement with an institutional investor to exercise 3,233,277 shares issued in November 2022 and October 2023, raising $6.1 million.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 12:04 pm

CRKN

Crown Electrokinetics (CRKN) has announced a 1-for-150 reverse stock split. This move is aimed at increasing the company's stock price and maintaining its listing on the NASDAQ. The reverse split will reduce the number of outstanding shares, potentially making the stock more attractive to institutional investors.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 12:03 pm