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Equity Actions

PHVS

Pharvaris NV has filed for a mixed shelf offering according to an SEC filing, though the size of the offering has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 8:21 pm

DSAQ

Direct Selling Acquisition Corp. (DSAQ) announced its intention to voluntarily delist its common stock and units from the NYSE and apply for listing on the Nasdaq Global Market. The move, expected to be completed by April 24, 2024, aims to reduce the management effort required to comply with NYSE standards, allowing the company to focus on a business combination with Hunch Technologies Limited. DSAQ expects the transition to Nasdaq to enable uninterrupted trading for its investors.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 8:17 pm

NRBO

NeuroBo Pharmaceuticals has filed for a mixed shelf offering of up to $150 million, according to a recent SEC filing. This move could potentially allow the company to raise capital by issuing various types of securities over time.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 8:13 pm

BYNO

byNordic Acquisition Corporation (BYNO), a NASDAQ-listed special purpose acquisition company, has extended its deadline to complete a business combination to May 12, 2024. This extension, funded by a $105,000 deposit into its Trust Account, is the third of up to six possible one-month extensions allowed by its board of directors without requiring another stockholder vote, as per the August 10, 2023 amendment to its Amended and Restated Certificate of Incorporation.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 8:11 pm

QMCO

Quantum Corporation (NASDAQ:QMCO) provided a business update including a Q4 2024 liquidity update, revealing $26.1M in cash and equivalents, $87.9M in term loan debt, and $26.6M in revolving credit borrowings. The company also reported a $4.1M interest expense for Q4. Quantum announced a transaction post-Q4, selling service inventory assets for $15M to pay down $12.3M in debt, aiming to improve financial flexibility. Additionally, Quantum completed a new ERP system implementation, expected to reduce capital expenditures and increase operational efficiencies. Quantum is working to avoid Nasdaq delisting, with a hearing scheduled for May 14, 2024. Marc E. Rothman will retire from the board by August 31, 2024, or the 2024 annual meeting date, with a search for a new director underway.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 8:10 pm

PLTR

Palantir Technologies Inc. (NYSE:PLTR) shares are trading lower amid market weakness and concerns over prolonged high interest rates by the Federal Reserve. Despite this, Palantir received positive remarks from Jim Cramer on CNBC and additional investment from Ark Invest. The stock is trading below its 50-day moving average and its 52-week high. A long-term forecast suggests a potential annualized stock performance continuation at 19.18%, aiming for a stock price of $54.20 in the future.

Portfolio Pulse from Erica Kollmann

April 12, 2024 | 8:09 pm

RVSN

Rail Vision has filed for a mixed shelf offering of up to $100M according to an SEC filing. This move could potentially impact the company's financial flexibility and growth opportunities.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 8:05 pm

WSO

Watsco's (NYSE:WSO) short interest has increased to 13.98% of its float, significantly higher than its peers' average of 3.98%. This rise to 4.15 million shares sold short suggests a bearish market sentiment, although it doesn't necessarily predict a near-term price drop. The coverage period for these short positions is approximately 9 days.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 7:45 pm

PFGC

Performance Food Gr (NYSE:PFGC) has been analyzed by 4 analysts over the past three months, showing a shift from somewhat bullish to indifferent. The average 12-month price target is now $82.75, up from $77.25, indicating a 7.12% increase. Analysts from Morgan Stanley, Barclays, BMO Capital, and Stephens & Co. have raised their price targets, reflecting optimism about the company's market position and financial performance. Despite this, PFGC faces challenges in net margin, ROE, and ROA, which are below industry averages.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 7:01 pm

APLD

BLK

JPM

Nasdaq fell 300 points as U.S. stocks traded lower, with BlackRock posting upbeat earnings. Utilities and materials sectors saw declines, while specific companies like PaxMedica, EZGO Technologies, and NextPlat reported significant stock movements. Conversely, Motus GI Holdings, JPMorgan Chase, and Applied Digital Corporation experienced notable drops. The article also covers commodity prices, European and Asian market performances, and U.S. economic indicators.

Portfolio Pulse from Avi Kapoor

April 12, 2024 | 7:00 pm