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ZONE

CleanCore Solutions, Inc. (NYSE:ZONE) announced its IPO pricing at $4 per share, offering 1.25M shares for total proceeds of $5M. The shares will start trading on NYSE American on April 26, 2024. The net proceeds, expected to be about $3.76M after expenses, will be used for debt repayment, R&D, intellectual property, and general corporate purposes. Boustead Securities, LLC is the sole book-running manager. An additional 187,500 shares may be offered under a 45-day option to the underwriters.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 12:47 pm

HRTG

Heritage Insurance has filed for a mixed securities shelf offering, allowing it to issue up to $100M in securities, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 12:46 pm

WISA

WiSA Technologies, under CEO Brett Moyer, announced significant developments including the introduction of WiSA E technology and the Propel program aimed at enhancing shareholder value, revenue growth, and industry leadership. The company is preparing for a Special Meeting of Stockholders on May 13, 2024, to vote on proposals crucial for the Propel program's success, including a reverse stock split and amendments to the corporation's governance. WiSA Technologies is positioning itself for long-term success in the spatial audio industry through partnerships, licensing agreements, and strategic initiatives.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 12:38 pm

HLT

Hilton Worldwide has filed a shelf registration with the SEC to potentially offer stock and debt in the future. This move allows the company flexibility in financing its operations or growth initiatives by issuing securities at opportune times.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 12:37 pm

GOOG

SLCA

SNAP

Snap Inc. (SNAP) shares surged 31% following better-than-expected Q1 results and optimistic Q2 revenue guidance, alongside a rise in daily active users. U.S. Silica Holdings (SLCA) shares increased by 21% after Q1 financial results and an acquisition announcement by Apollo funds. Alphabet Inc. (GOOG) shares rose 16% after a board authorization for an additional $70B share repurchase and multiple firms upgrading their price targets.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 12:24 pm

CSE:MOC

TSXV:CBAR

Castlebar Capital Corp. (TSXV:CBAR) has signed a letter of intent with Mosaic Minerals Corporation (CSE:MOC) to potentially acquire up to a 100% interest in the Lichen Project, aiming to make this acquisition its Qualifying Transaction under the TSX Venture Exchange's Capital Pool Company program. The Lichen Project, located near the Chibougamau mining camp, spans 15,622 hectares and is noted for its gold and copper prospects. The acquisition terms include cash payments, share issuances, and qualifying expenditures on the property. Castlebar also plans a private placement to raise at least $850,000 for the project's phase one work and general expenses, alongside a proposed stock split. The completion of this transaction is contingent upon several conditions, including due diligence, Exchange acceptance, and the successful execution of a definitive option agreement.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 12:20 pm

GOOGL

INTC

SNAP

Alphabet Inc. reported first-quarter revenue of $80.539 billion, a 15% increase year-over-year, surpassing estimates. Earnings were $1.89 per share, beating forecasts. Alphabet announced a $70 billion share repurchase program and its first-ever quarterly dividend, causing shares to rise 11.9% in pre-market trading. Other stocks also moved significantly in pre-market trading, with notable gainers including Tevogen Bio Holdings, Pineapple Energy, and Freight Technologies, and losers such as Aclarion, Vincerx Pharma, and SCWorx Corp.

Portfolio Pulse from Avi Kapoor

April 26, 2024 | 12:18 pm

VINC

Vincerx Pharma's stock is trading lower following the announcement of a proposed underwritten public offering of common stock and warrants.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 12:05 pm

CTXR

Citius Pharmaceuticals has announced a $15 million registered direct offering, aiming to raise capital. This financial move could impact the company's stock price as it reflects on the company's strategy to secure funding for its operations or growth initiatives.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 12:01 pm

LECO

Analysts have varied opinions on Lincoln Electric Holdings (LECO), with recent ratings ranging from bullish to indifferent. The average 12-month price target is $253.0, marking an 8.12% increase from the previous target. Lincoln Electric, a leader in welding and cutting products, has shown impressive financial performance, including a 13.7% revenue growth and a net margin of 14.8%. However, its debt-to-equity ratio of 0.84 indicates potential financial challenges.

Portfolio Pulse from Benzinga Insights

April 26, 2024 | 12:00 pm