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Equity Actions

OI

O-I Glass, Inc. (NYSE:OI) announced Gordon J. Hardie as its next CEO effective May 15, 2024, succeeding Andres Lopez. Hardie, with over 35 years of leadership experience, previously served at Bunge Limited. John H. Walker, the Independent Board Chair, will retire at the 2024 Annual Meeting. O-I also nominates Eric J. Foss and Cheri Phyfer for Board election, aiming to continue its innovation and growth in the glass manufacturing industry.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:55 pm

TCBP

TC BioPharm (Holdings) PLC (NASDAQ:TCBP) announced the execution of a non-binding letter of intent for the acquisition of NK platform technologies, aiming to expand its therapeutic platform. The acquisition targets proprietary manufacturing processes of two allogeneic CAR-NK therapeutics, focusing on solid tumors. The company sees substantial synergies in combining these with its TCB-008 therapy. The completion of the transaction is subject to various conditions including financing and regulatory approvals.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:34 pm

JEF

SMFG

Jefferies Financial Group Inc. (JEF) and SMBC Group, including Sumitomo Mitsui Financial Group, Inc. (SMFG), have expanded their strategic alliance to Canada, aiming to enhance corporate and investment banking services. This move follows Jefferies' establishment of a new office in Canada with over 40 personnel, focusing on investment banking, equity research, and sales and trading. The alliance, which began in 2021, has seen significant expansions, including increased collaboration in M&A advisory services and a joint coverage model for investment grade clients. SMBC has also increased its economic ownership in Jefferies to potentially become its largest shareholder.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:17 pm

BAM

Brookfield Asset Management Ltd. (NYSE:BAM) announced a strategic partnership with Soundcore Capital Partners and Heartland Paving Partners to accelerate growth in the Upper Midwest market. This marks Brookfield's first investment through its private equity sponsor solutions strategy, aimed at providing solutions to mid-market buyout sponsors. The partnership is expected to leverage Brookfield's experience in real assets to support Heartland's expansion in the commercial paving sector.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:14 pm

YJ

Yunji Inc. (NASDAQ:YJ), a social e-commerce platform, has received approval from Nasdaq to transfer its listing from the Nasdaq Global Market to the Nasdaq Capital Market effective April 5, 2024. This move comes after Yunji was notified of non-compliance with Nasdaq's minimum bid price requirement. The transfer grants Yunji an additional 180 days, until September 30, 2024, to meet the minimum bid price requirement of $1.00 per ADS for 10 consecutive business days. Yunji is considering options, including a reverse stock split, to regain compliance.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:13 pm

NOTE

FiscalNote Holdings (NYSE:NOTE) has received mixed analyst ratings over the past quarter, with a recent shift towards more bullish perspectives. The average 12-month price target for NOTE has been raised to $3.8, reflecting a 5.56% increase from the previous target. Analysts from firms like EF Hutton and DA Davidson have adjusted their price targets and ratings, indicating varying expectations for the company's performance. FiscalNote, a provider of global policy and market intelligence solutions, has shown a revenue growth of 8.95% as of December 31, 2023, but struggles with a high debt-to-equity ratio and below-average profitability metrics.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 12:01 pm

DASH

Analysts have provided diverse opinions on DoorDash (NASDAQ:DASH) with a recent shift towards bullish sentiment. The average 12-month price target is now $136.65, reflecting an 18.46% increase from the previous target. Recent analyst actions include both upgrades and downgrades, with a notable number of price target raises. DoorDash's financial performance shows strong revenue growth but challenges in profitability and asset utilization. The company's low debt-to-equity ratio indicates a healthy balance between debt and equity.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 12:00 pm

CASA

FLGC

HWH

Flora Growth Corp. (NASDAQ:FLGC) shares fell by 20.2% in pre-market trading following the announcement of a proposed underwritten public offering of common shares. Other stocks also showed significant movement in pre-market trading, with HWH International Inc. (NASDAQ:HWH) rising 175% and Casa Systems, Inc. (NASDAQ:CASA) declining 20.8%. Various factors influenced these movements, including earnings reports, merger agreements, and public offerings.

Portfolio Pulse from Avi Kapoor

April 04, 2024 | 11:58 am

REPX

Riley Permian's stock price has decreased following the announcement of a public offering priced at $27 per share.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 11:51 am

AQST

Aquestive Therapeutics' stock price is trading lower following the company's announcement of filing for an up to $250 million mixed shelf offering.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 11:36 am