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EFSH

1847 Holdings LLC (NASDAQ:EFSH) shares are down 37.5% to $0.70 after the company filed a prospectus for the potential sale of 1,394,052 common shares by selling shareholders. The company will not benefit from the sale proceeds except for funds from warrant exercises.

Portfolio Pulse from Henry Khederian

June 03, 2024 | 2:52 pm

FDIS

TSLA

XLY

Tesla defends CEO Elon Musk's $56 billion pay package, arguing that a new compensation structure would be more expensive. Proxy advisory firms ISS and Glass Lewis have urged shareholders to vote against the proposal. Tesla's stock has lost over 17% in the last 12 months, but shares are currently trading higher.

Portfolio Pulse from Shivani Kumaresan

June 03, 2024 | 2:48 pm

GME

Keith Gill, known as Roaring Kitty, has reignited interest in GameStop (GME) by revealing a substantial $116 million position. This has driven the stock's recent surge, with shares trading higher pre-market. GameStop also completed a $933.4 million equity offering, further boosting its financial position. Technical indicators show a strong bullish trend.

Portfolio Pulse from Surbhi Jain

June 03, 2024 | 2:48 pm

EFSH

1847 Holdings shares are trading lower after the company filed a prospectus to sell 1,384,052 shares for holders.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 2:22 pm

EFSH

1847 Holdings filed a prospectus to sell 1,384,052 shares for holders, as per an SEC filing on Friday after hours.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 2:18 pm

CAMP

CalAmp Corp (NASDAQ:CAMP) shares dropped by 53% to $1.25 after announcing a Restructuring Support Agreement with Lynrock Lake Master Fund LP, which will take the company private. CalAmp will convert $229 million of Convertible Senior Secured Notes into equity and has initiated Chapter 11 bankruptcy proceedings to facilitate the transaction.

Portfolio Pulse from Henry Khederian

June 03, 2024 | 2:04 pm

CAMP

CalAmp has entered into a restructuring support agreement to take the company private, with Lynrock set to become the principal equity owner. The company will continue to operate as usual and will have enhanced liquidity to invest in innovation.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 1:26 pm

PARA

PARAA

Skydance is set to announce a takeover of Paramount, with Redstone receiving $2 billion for National Amusements. Skydance will tender for approximately 50% of B shares at $15 and contribute $1.5 billion in cash to Paramount's balance sheet. Post-close, Skydance-Redbird will own two-thirds of Paramount.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 1:10 pm

MASI

Politan Capital Management, an 8.9% shareholder of Masimo Corporation, has filed a preliminary proxy statement to nominate two independent candidates for Masimo's Board of Directors. Politan criticizes Masimo's nomination of Christopher Chavez, arguing it shows a reluctance to add truly independent directors. The nominations will be voted on at the 2024 Annual Meeting of Stockholders on July 25th.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 1:01 pm

ECOR

electroCore has announced a $9.3 million registered direct offering of one share of common stock, sold together with one-half of one warrant at a combined effective offering price of $6.4925. Additionally, the company is conducting separate concurrent private placements priced at market under Nasdaq rules.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 12:52 pm