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SPR

Spirit AeroSystems announced that Mark Suchinski is stepping down as Senior Vice President and Chief Financial Officer (CFO). Irene Esteves has been appointed as the new CFO effective immediately.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 10:31 am

SFTBY

Elliott Management has re-established a significant stake in SoftBank (OTC:SFTBY) and is advocating for a $15 billion share buyback. The activist fund's position is valued at over $2 billion, and the news has led to a 5.5% surge in SoftBank's shares in Tokyo. Elliott believes the buyback would boost SoftBank’s share price and signal confidence in its strategy.

Portfolio Pulse from Benzinga Neuro

June 05, 2024 | 8:27 am

AUPH

Aurinia Pharmaceuticals issued a letter to shareholders addressing concerns about shareholder Lucien Selce's credibility. The company recommends shareholders review a report from proxy advisor Glass Lewis, which supports the re-election of all nine incumbent directors.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 9:35 pm

ANNX

Annexon has announced a public offering of $125 million worth of its common stock. The company is also granting underwriters a 30-day option to purchase an additional $18.75 million of shares.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 9:09 pm

NYCB

New York Community Bancorp (NYCB) has announced that President and CEO Joseph Otting will assume the additional role of Executive Chairman effective June 5, 2024. Alessandro P. DiNello will step down as Non-Executive Chairman but will remain a Board director and senior advisor to the CEO.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 9:07 pm

TRP

TC Energy shareholders have approved the spinoff of the company's liquids pipelines business. Shareholders will receive one new common share of TC Energy and 0.2 of a common share in a new public company named South Bow Corporation for each common share of TC Energy held.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 9:04 pm

CEAD

CEA Industries has approved a 1-for-12 reverse stock split and an adjustment to its publicly traded warrants, which will now allow the acquisition of 1 share at $60.00.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 8:16 pm

ALSN

Allison Transmission Holdings, Inc. (NYSE: ALSN) has appointed G. Frederick Bohley III as the new Chief Operating Officer, effective immediately. This decision was approved by the company's Board of Directors.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 8:14 pm

DBGI

Digital Brands Group has filed a prospectus with the SEC for the potential resale of up to 2.1 million shares of common stock by selling stockholders.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 6:52 pm

SEZL

Sezzle will join the Russell 2000 and Russell 3000 indexes following the 2024 Russell US Indexes reconstitution, effective July 1.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 6:11 pm