Streetbeat News

Equity Actions

LL

F9 Investments is urging shareholders to vote for its director nominees on the GOLD proxy card, criticizing LL Flooring's strategic plan and leadership for a 93% stock price decline. F9 highlights the auditor's going concern disclosure and endorses nominees Tom Sullivan, Jason Delves, and Jill Witter to restore value.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 8:08 pm

ODP

ODP Corporation has announced significant changes to its Board of Directors. Wendy Schoppert will assume the role of Independent Board Chair as Joseph Vassalluzzo steps down. Additionally, financial executives Amy Schioldager and Evan Levitt will join the Board, with all changes effective on June 10, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 8:04 pm

BARK

BARK has authorized a $15 million share buyback program, indicating confidence in its financial health and future prospects.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 8:03 pm

RCRT

Recruiter.com Group shares are trading lower after the company announced a $400,000 registered direct offering of 400,000 shares at a price of $1 per share.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 7:58 pm

RCRT

RCRTW

Recruiter.com Group, Inc. (NASDAQ:RCRT)(NASDAQ:RCRTW) announced a registered direct offering of 400,000 shares at $1 per share, expected to close around June 5, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 7:57 pm

GWAV

Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) shares are trading lower after a 1-for-150 reverse stock split. The split reduced the number of shares from approximately 1.13 billion to 7.55 million. The company aims to increase its per-share price to meet Nasdaq's listing requirements. Additionally, Greenwave has retired all convertible debt and preferred shares, eliminating $35.2 million in debt since early 2024.

Portfolio Pulse from Erica Kollmann

June 03, 2024 | 6:37 pm

PNW

Pinnacle West Capital shares are trading lower following the announcement of a proposed $450 million offering of convertible senior notes due 2027, intended for debt repayment.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 5:23 pm

ACGL

CMG

HLT

QSR

Bill Ackman's Pershing Square Capital Management is selling a 10% stake ahead of a planned IPO in 2025. Investors include Arch Capital Group Ltd. (NASDAQ:ACGL), BTG Pactual, Consulta Limited, ICONIQ Investment Management, and Menora Mivtachim Holdings. Ackman holds significant stakes in Chipotle Mexican Grill, Inc. (NYSE:CMG), Hilton Hotels Corporation (NYSE:HLT), and Restaurant Brands International Inc (NYSE:QSR).

Portfolio Pulse from Hayden Buckfire

June 03, 2024 | 5:16 pm

AMC

GME

Jim Cramer advises investors to take profits as shares of GameStop (GME) and AMC Entertainment (AMC) surge. Cramer warns that GameStop's business is declining and AMC's business is in a worse state, with repeated shareholder dilution. Keith Gill's large position in GameStop has sparked the rally.

Portfolio Pulse from Adam Eckert

June 03, 2024 | 4:29 pm

MBOT

Microbot Medical Inc. (NASDAQ:MBOT) announced a $2.35M registered direct offering of 1,566,669 shares of common stock at $1.50 per share. Additionally, the company will issue unregistered series F preferred investment options to purchase up to 3,133,338 shares of common stock at the same price. The closing is expected around June 4, 2024, with H.C. Wainwright & Co. as the exclusive placement agent.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 4:11 pm