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Equity Actions

ABVC

ABVC BioPharma, Inc. (NASDAQ:ABVC) announced its fiscal year 2024 Q1 business update, highlighting a licensing deal with AiBtl BioPharma Inc. for CNS drugs, regaining Nasdaq compliance, strategic investments in real estate for healthcare development, and various financial transactions including securities purchase agreements with Lind Global Fund II, LP. The company reported a decrease in revenues and operating expenses, a net loss reduction, and progress in R&D including patents, FDA approvals, and a licensing agreement with Xinnovation Therapeutics Co., Ltd for the Chinese market.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 1:35 pm

ENFN

Spruce Point Capital Management issued a short report on Enfusion (ENFN), estimating a 40% to 60% downside risk due to concerns over financial restatement risk, executive turnover, and industry challenges. The report criticizes Enfusion's quality as a SaaS provider and highlights potential revenue misstatement issues.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 1:32 pm

ASTI

Ascent Solar Technologies, Inc. (ASTI) has entered into Warrant Repurchase agreements with two institutional investors. If ASTI closes a new capital raising transaction with gross proceeds exceeding $5M, it will repurchase the Warrants for $3.6M. The Warrants, currently exercisable at $1.765, have been adjusted in the past due to 'full ratchet' anti-dilution adjustments. Investors agreed not to sell or assign the Warrants until the completion of the Qualified Financing, retaining the right to exercise them at the current price.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 1:29 pm

LEXX

LEXXW

Lexaria Bioscience Corp. has appointed Nelson Cabatuan as its new Chief Financial Officer (CFO), effective immediately. Cabatuan brings over 15 years of experience in corporate finance and operations within the life sciences industry, notably with Rain Oncology, Inc. and Rigel Pharmaceuticals, Inc. His appointment is expected to bolster Lexaria's financial operations and support its long-term growth strategy, particularly in maximizing the potential of its DehydraTECH platform for GLP-1 and other therapeutic applications.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 1:22 pm

EB

Eventbrite, Inc. (NYSE:EB) has announced a share repurchase program authorizing the buyback of up to $100 million of its outstanding Class A common stock. The repurchases may occur through various methods, including open market purchases and privately negotiated transactions, without a fixed timeline. The program's execution will depend on market conditions, capital management, and other business considerations. Eventbrite plans to fund the buybacks from its existing cash, cash equivalents, and future cash flows, with around $391.1 million in liquidity as of December 31, 2023. As of February 29, 2024, Eventbrite had approximately 86.2 million shares of Class A and 15.7 million shares of Class B common stock outstanding.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 1:16 pm

REVG

REV Group's stock is trading lower following the announcement of its secondary offering pricing at $18 per share for 7,395,191 shares.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 1:13 pm

E

ENI has announced an increase in shareholder remuneration, raising the target payout in dividends and buybacks to 30%-35% of CFFO, up from the previous 25%-30%.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 1:13 pm

BTCUSD

ETHUSD

SPY

Cryptocurrencies like Bitcoin, Ethereum, and Dogecoin show mixed trading signals, with Ethereum completing the 'Dencun' upgrade. Dogecoin's value may rise as Tesla considers accepting it for payments. Hacken's market cap reaches $57M after unveiling a tokenized share offering. Bitcoin critic Peter Schiff expresses regret over not investing in Bitcoin earlier. Crypto miners see record profits amid a Bitcoin rally. US markets see mixed movements with Hello Group and others moving lower. Political and global events include potential lawsuits, defense decisions, and tech partnerships. Electric vehicle market updates include Tesla's plans and competition from Polestar. Consumer, communication, healthcare, general news, space, and energy sectors also see significant updates.

Portfolio Pulse from Akanksha Bakshi

March 14, 2024 | 1:13 pm

GBTC

IBIT

Bitcoin ETFs saw a net inflow of $683 million on March 13, with BlackRock's IBIT leading with $586 million in inflows, contrasting with Grayscale Bitcoin Trust's $276 million outflow. The interest in Bitcoin ETFs, especially IBIT, indicates growing investor confidence in cryptocurrency assets managed by established firms. The upcoming listing of Bitcoin ETFs on major asset management platforms and the introduction of options trading are expected to further integrate cryptocurrencies into mainstream financial markets.

Portfolio Pulse from Murtuza Merchant

March 14, 2024 | 1:04 pm

SCHW

The Charles Schwab Corporation (SCHW) reported significant growth in its February 2024 Monthly Activity Report, with core net new assets totaling $33.4 billion and total client assets reaching $8.88 trillion, marking a 20% increase from the previous year. The company anticipates a 5% to 6% sequential revenue growth and a nearly four percentage points expansion in adjusted pre-tax profit margin for Q1 2024, driven by rising equity markets, stronger client trading activity, and the impact of late 2023 cost savings.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 1:01 pm