Streetbeat News

Equity Actions

HTCR

HeartCore Enterprises, Inc. has signed its 13th Go IPO contract, expecting to receive $500,000 in initial fees and $300,000 in success fees. Additionally, the company has received a warrant to acquire 3% of PharmaBio's stock on a fully diluted basis.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 8:08 pm

BLKB

Blackbaud (NASDAQ:BLKB) announced the termination of its stockholder rights plan effective March 18, 2024, ahead of its original expiry date on October 2, 2024. The Board unanimously voted for the termination, deeming the Rights Plan unnecessary for serving stockholder interests at this time.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 8:07 pm

MDGL

Madrigal Pharmaceuticals has announced a proposed public offering of $500 million worth of common stock and pre-funded warrants. This move is aimed at raising capital, potentially for further research, development, and expansion of its operations.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 8:05 pm

DLO

dLocal has appointed Mark Ortiz as its new CFO, replacing Diego Cabrera Canay. Ortiz will oversee various financial and accounting functions, reporting directly to CEO Pedro Arnt. This move aims to strengthen dLocal's leadership team.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 8:04 pm

NCMI

National CineMedia announced a new $100M share repurchase program, signaling confidence in the company's financial health and future prospects.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 8:02 pm

INBS

Intelligent Bio Solutions Inc has filed with the SEC for an offering of up to 6.8 million shares by the selling stockholders. This move could potentially dilute current shareholders' equity and impact the stock's price.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 7:36 pm

GOEV

NVEI

SAIC

SOND

SWIN

WKSP

U.S. stocks traded higher with the Dow Jones, NASDAQ, and S&P 500 all seeing gains. Communication services shares led the gains, while industrials saw modest increases. Science Applications International Corp (SAIC) shares fell after reporting a revenue decline in Q4 fiscal 2024. Canoo Inc. (GOEV), Wearable Devices Ltd. (WLDS), and Nuvei Corporation (NVEI) saw significant stock price increases due to various positive developments. Solowin Holdings (SWIN), Sonder Holdings Inc. (SOND), and Worksport Ltd. (WKSP) experienced substantial drops in their share prices due to financial results and other issues. Oil and gold prices were up, while silver saw a slight decline.

Portfolio Pulse from Avi Kapoor

March 18, 2024 | 7:15 pm

ATMU

CMI

Cummins Inc. (CMI) successfully completed its exchange offer, finalizing the separation of Atmus Filtration Technologies Inc. (ATMU). Cummins exchanged 5,574,051 of its own shares for 67,054,719 shares of Atmus, with the offer being oversubscribed. The exchange did not include any remaining shares of Atmus, marking a complete separation. The process was managed by Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC, aiming to enhance shareholder value and allow both companies to focus on their respective markets.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 7:06 pm

ARKK

SARK

TARK

The AXS Short Innovation Daily ETF (SARK) is designed for traders looking to short Cathie Wood's ARKK Innovation ETF, which has underperformed the general market. SARK trades near flat, mirroring ARKK's stagnant performance. SARK, an actively managed fund, inversely tracks the AXS 2X Innovation ETF (TARK), aiming to capitalize on disruptive innovation's downturns. The article also highlights a potential upside for SARK based on technical analysis, suggesting a move towards $30 if it breaks above $27.90.

Portfolio Pulse from Melanie Schaffer

March 18, 2024 | 6:52 pm

HLN

PFE

Haleon shares are trading lower following Pfizer's announcement of its intention to reduce its stake in the company. This move by Pfizer could indicate a shift in its investment strategy or a reallocation of resources, impacting investor perception and Haleon's market valuation in the short term.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 6:10 pm