Streetbeat News

Equity Actions

NKLA

Nikola Corp (NASDAQ:NKLA) shareholders approved a reverse stock split to avoid potential Nasdaq delisting, but the company faces removal from the Russell 3000 Index, impacting investor visibility. Despite a recent 6% stock surge, Nikola's stock was down 3.5% at 52 cents, reflecting investor uncertainty. The company reported a decline in Q1 revenues and a non-GAAP net loss per share of 9 cents.

Portfolio Pulse from Surbhi Jain

June 06, 2024 | 2:47 pm

CAVA

On June 5, 2024, CAVA Group's largest shareholder, Artal International S.C.A., filed a notice with the SEC to sell 3 million shares following the conversion of Series E preferred stock into common stock.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 2:42 pm

LIF

Trading halt status for an IPO security was updated at 10:35 AM ET, and the security has been released for quotation.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 2:35 pm

ACRHF

CGC

Canopy Growth Corporation (NASDAQ:CGC) has announced a $250 million at-the-market equity program to issue and sell common shares. The proceeds will support existing businesses, potential acquisitions, and general corporate purposes. The announcement follows Canopy's move to acquire Acreage Holdings.

Portfolio Pulse from Jelena Martinovic

June 06, 2024 | 1:58 pm

GIX

XYLO

Xylo Technologies will transfer all their shares to Gix in exchange for 30% of the issued and outstanding ordinary shares of Gix. Shareholders will have the option to increase their holdings to 37.5% and 45% upon completion of two separate commercial milestones.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 1:30 pm

SMAR

Smartsheet Inc (NYSE:SMAR) reported better-than-expected Q1 earnings and sales, announced a $150 million share repurchase program, and received multiple price target upgrades from analysts. The company expects full-year revenue and adjusted earnings to exceed estimates.

Portfolio Pulse from Avi Kapoor

June 06, 2024 | 1:26 pm

DIBS

1stdibs.com has entered into an agreement to repurchase 2.98 million shares of its common stock from Insight Venture Partners at $5.2021 per share, totaling $15.59 million. This repurchase is part of the company's existing $25.5 million repurchase authority.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 1:24 pm

CART

Maplebear shares are trading higher after the company approved a $500 million share repurchase program.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 1:10 pm

CART

Maplebear Inc. has approved a $500 million share repurchase program, indicating confidence in its financial health and future prospects.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 1:06 pm

COCH

Envoy Medical has been included in the MSCI USA Micro Cap Index, which could increase its visibility and attract more investors.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 1:02 pm