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BTCUSD

Pantera Capital is preparing to launch Pantera Fund V in April 2025, aiming to raise over $1 billion for blockchain-based asset investments. This fund, targeting a diverse range of blockchain assets including startup equity, early-stage tokens, and liquid tokens, represents a significant move in the cryptocurrency sector, potentially becoming the largest raise since May 2022. The fund requires a minimum investment of $1 million from qualified investors and $25 million from limited partners, indicating a focus on substantial institutional involvement. This announcement comes amid a recovery in the sector, with over $3.5 billion invested across 604 funding rounds in 2024, and projections suggesting a total surpassing $9.3 billion for the year.

Portfolio Pulse from Murtuza Merchant

April 26, 2024 | 1:33 pm

TVGN

Tevogen Bio Holdings Inc. (NASDAQ:TVGN) announced the elimination of $94.9M in liabilities through the conversion of promissory notes into common stock, now part of its 165 million outstanding shares. The company's CEO highlighted this financial improvement and introduced the Tevogen.ai initiative, aimed at leveraging AI in drug discovery, development, and distribution. Leadership appointments include Mittul Mehta as CIO and Head of Tevogen.ai, and Tapan V. Shah as Head of Investor Relations and Corporate Development. Tevogen Bio focuses on developing T cell therapeutics in virology, oncology, and neurology.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 1:30 pm

AAPL

NVDA

VGT

XLK

Apple Inc (AAPL) is expanding its supplier network in China while also growing its presence in Southeast Asia and India, despite geopolitical tensions and a tech conflict between the U.S. and China. The company has increased its China-based suppliers, reducing reliance on other countries, and has seen a surge in suppliers in Vietnam and Thailand. Despite diversification efforts, China remains a significant part of Apple's supply chain. Apple's global shipments dropped nearly 10%, with softening demand in China, where it offered iPhone 15 series discounts. Morgan Stanley anticipates a slight revenue increase for the March quarter but expects a significant downward revision for June quarter guidance. Apple stock has gained 4% in the last 12 months, and exposure to AAPL can be gained through ETFs like VGT and XLK.

Portfolio Pulse from Anusuya Lahiri

April 26, 2024 | 1:26 pm

WRAP

Wrap Technologies, Inc. (NASDAQ:WRAP) has entered into a strategic distribution partnership with Kokusai Security Service to distribute its public safety technologies, including the BolaWrap remote restraint device, Wrap Reality VR Training system, and Intrensic Body Worn Cameras and Cloud Services Solutions in the Asia-Pacific region. This partnership aims to expand the reach of Wrap Technologies' products and enhance public safety by leveraging Kokusai Security's network and expertise.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 1:17 pm

HWH

HWH International has formed a joint venture, HapiTravel Holding Pte. Ltd., to expand its travel business in Asia. The venture will be owned by HWHPL (19%), Mr. Chan (11%), and Mr. Chen (70%), focusing on strategic alliances to enter new markets and hospitality segments.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 1:17 pm

AZPN

Aspen Technology, Inc. (NASDAQ:AZPN) has launched AspenTech Strategic Planning for Sustainability Pathways, a new solution for optimizing carbon capture investments, developed in collaboration with Aramco. This initiative is part of an expanded co-innovation program aimed at enhancing sustainability and operational performance across various industries. The solution is designed to assist companies in making informed decisions on carbon capture utilization and storage, aligning with global net-zero objectives.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 1:06 pm

CRLBF

GTBIF

TCNNF

Pennsylvania is considering a state-run model for recreational marijuana distribution, similar to its liquor store system, as part of efforts to legalize cannabis. Governor Josh Shapiro supports this approach to regulate, tax, and leverage cannabis sales for state revenue and social reform, projecting $250 million annually within five years. The state Senate, traditionally GOP-dominated, is open to legalization discussions. The House proposes state-run shops, while the Senate suggests using existing medical dispensaries. Cresco Labs (CRLBF) and Trulieve (TCNNF) support the Senate's model, emphasizing market readiness and safety. The industry is divided on Shapiro's proposed 20% cannabis tax. Pennsylvania cannabis companies like Cresco Labs, Green Thumb Industries (GTBIF), and others have shown resilience, with a 3% increase in Q1 2024, despite broader economic challenges. The Pennsylvania Liquor Control Board (PLCB) is considered a potential manager for cannabis sales, highlighting the need for clear regulatory guidance.

Portfolio Pulse from Nicolás Jose Rodriguez

April 26, 2024 | 1:04 pm

ARRY

Array Technologies (NASDAQ: ARRY) announced the groundbreaking of a new $50+ million solar manufacturing campus in Bernalillo County, New Mexico, in collaboration with U.S. Energy Secretary Granholm and New Mexico Senators. The facility, supported by the Inflation Reduction Act and state and local investments, aims to create over 300 jobs and strengthen the domestic solar supply chain, marking a significant investment in clean energy and American manufacturing.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 12:48 pm

RGTI

Rigetti Computing, Inc. (NASDAQ:RGTI) announced the launch of the Novera QPU Partner Program, aimed at enabling high-performing, on-premises quantum computing through an ecosystem of hardware, software, and service providers. The program includes founding members like Bluefors, Quantum Machines, and others, offering components like control systems and cryogenics. The Novera QPU, a 9-qubit quantum processing unit, is based on Rigetti's Ankaa-class architecture and is manufactured in their dedicated quantum device facility. The program aims to support the development of quantum computing capabilities and has already seen sales to US government labs and Horizon Quantum Computing.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 12:38 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