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Equity Actions

BNED

On June 4, 2024, Barnes & Noble Education (BNED) filed an amended 13D showing that Scott Stewart Miller of Greenhaven Road Investment Management reported a 0% stake after selling all their common stock. The firm sold 5,256,342 shares on May 31 and June 3, 2024. They also sold call options on June 4, 2024. The firm plans to participate in BNED's rights offering, pending shareholder approval.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 4:58 pm

CACO

Caravelle International Group announced that its shareholders did not approve the proposed reverse stock split at the extraordinary general meeting. This information was disclosed in an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 4:45 pm

ASNS

MITQ

SGRP

SILO

VLCN

WKME

U.S. stocks traded higher with the Nasdaq Composite surging over 1% on Wednesday. The ISM services PMI climbed to 53.8 in May, the highest level in nine months. Actelis Networks, Inc. (ASNS) shares shot up 655% after announcing orders for cyber-hardened networking technology. Moving iMage Technologies, Inc. (MITQ) surged 64% after being awarded a multi-million dollar contract. WalkMe Ltd. (WKME) gained 42% after announcing it will be acquired by SAP. Silo Pharma, Inc. (SILO) dropped 31% following a $2 million registered direct offering. Volcon, Inc. (VLCN) fell 19% after announcing a 1-for-100 reverse stock split. SPAR Group, Inc. (SGRP) declined 22% after entering a letter of intent to go private.

Portfolio Pulse from Avi Kapoor

June 05, 2024 | 4:00 pm

SILO

Silo Pharma Inc (NASDAQ:SILO) shares dropped by 31% to $1.55 after announcing a direct offering of 917,432 shares at $2.18 per share and issuing unregistered warrants in a private placement. The company expects gross proceeds of $2 million for working capital and general corporate purposes.

Portfolio Pulse from Henry Khederian

June 05, 2024 | 3:31 pm

FSM

Fortuna Silver Mines Inc (NYSE:FSM) shares dropped by 15% to $5.02 after announcing a $150 million convertible senior notes offering, with an option for an additional $22.5 million. The proceeds will be used to repay debt and fund general expenses. The interest and conversion rates will be market-dependent.

Portfolio Pulse from Henry Khederian

June 05, 2024 | 3:25 pm

CRKN

Crown Electrokinetics Corp. (NASDAQ:CRKN) shares fell by 17% to $0.08 after announcing an offering of 300 million shares by Keystone Capital Partners. The company will not receive proceeds from the resale but may sell up to $50 million worth of common stock to Keystone. So far, $13.67 million worth of stock has been sold.

Portfolio Pulse from Henry Khederian

June 05, 2024 | 3:22 pm

TSM

TSMC announced plans to repurchase 3.2 million shares between June 6 and August 5. Additionally, the board has approved a capital boost for its unit, TSMC Global, for up to $5 billion.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 3:16 pm

GAUZ

Gauzy Ltd (NASDAQ:GAUZ) is set to IPO on June 6th on the NASDAQ exchange with shares priced between $17.00 and $19.00. The insider lock-up period will last 180 days, ending on December 3, 2024.

Portfolio Pulse from Benzinga Insights

June 05, 2024 | 3:00 pm

NVL

Novelis Inc (NYSE:NVL) is set to start trading on the NYSE on June 6, 2023, with shares priced between $18.00 and $21.00. The company is a leading producer of sustainable aluminum solutions and the world's largest recycler of aluminum.

Portfolio Pulse from Benzinga Insights

June 05, 2024 | 3:00 pm

CNTX

Context Therapeutics (CNTX) has reported that Great Point Partners, LLC holds a 9.89% stake in the company as of May 31, 2024, according to an SEC 13G filing.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 2:48 pm