Streetbeat News

Equity Actions

CLDI

Calidi Biotherapeutics shares are trading lower after the company announced the exercise of warrants for $2.1 million in gross proceeds.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 5:36 pm

ASPI

ASP Isotopes Inc has filed for a mixed shelf offering of up to $50 million, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 5:23 pm

NVOS

Novo Integrated Sciences, Inc. (NASDAQ:NVOS) shares surged 133% after the company announced a strategic review to potentially increase its stock repurchase program. The review is based on excess funds from a recent program to monetize a Standby Letter of Credit for the Ophir Collection acquisition. The decision on the amount and timing of share repurchases will be at management's discretion, pending receipt of funds from a $70 million promissory note. Trading volume spiked significantly, with over 213 million shares traded compared to the 100-day average of 1.027 million shares.

Portfolio Pulse from Erica Kollmann

May 31, 2024 | 5:02 pm

AMBA

CLDI

DELL

GPS

MDB

NVOS

U.S. stocks traded mostly lower with the Nasdaq Composite falling 1.5%. The Dow and S&P 500 saw slight gains. Key movers included Novo Integrated Sciences, Ambarella, The Gap, MongoDB, Dell Technologies, and Calidi Biotherapeutics. The Federal Reserve's preferred inflation measure held steady, keeping investors anxious about potential rate cuts.

Portfolio Pulse from Avi Kapoor

May 31, 2024 | 4:15 pm

KDLYW

Trading halt status for IPO security KDLYW was updated at 12:15 PM ET, and the security has been released for quotation.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 4:15 pm

SMFL

Smart for Life Inc (NASDAQ:SMFL) shares are down 38% to $3.70 due to agreements with warrant holders to exercise at a reduced price. The company will issue new warrants and file a registration statement for resale by July 15, 2024. The stock has decreased by 95.39% in the past year.

Portfolio Pulse from Henry Khederian

May 31, 2024 | 4:04 pm

SMFL

Smart for Life shares are trading lower after the company entered into agreements with holders of warrants to exercise them at a reduced price.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 4:04 pm

KDLY

KDLYW

KindlyMD, Inc. (NASDAQ:KDLY) announced the pricing of its initial public offering (IPO) of 1,240,910 units at $5.50 per unit, raising approximately $6.8 million. Each unit includes one share of common stock, one tradeable warrant, and one non-tradeable warrant. The shares and tradeable warrants will begin trading on the Nasdaq Capital Market on May 31, 2024, under the symbols 'KDLY' and 'KDLYW,' respectively. The offering is expected to close on June 3, 2024.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 3:51 pm

LL

F9 Investments criticizes LL Flooring's leadership and urges shareholders to vote for its three director nominees to restore value. LL Flooring's stock has significantly underperformed under the current board.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 3:38 pm

PENN

PENN Entertainment, Inc. (NASDAQ:PENN) shares are trading higher on Friday following a letter from shareholder Donerail Group to the company's Board. Donerail Group suggested that PENN could double its current trading price if sold, criticizing the company's interactive strategy, capital allocation, and CEO compensation. PENN has lost over 32% in the past year and recently reported worse-than-expected Q1 financial results.

Portfolio Pulse from Nabaparna Bhattacharya

May 31, 2024 | 3:16 pm