Streetbeat News

Partnerships

WISA

WiSA Technologies, Inc. announced a $750K registered direct offering and concurrent private placement of shares and warrants. The offering includes 225,834 shares at $3.321 each and equal number of warrants with an exercise price of $3.196, closing on April 19, 2024. The company has agreed to certain sale restrictions post-offering and committed to filing a registration statement for the resale of the warrant shares by May 10, 2024. Maxim Group LLC is the placement agent, receiving a 6% fee on gross proceeds.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 12:54 pm

ADEA

Adeia Inc. (NASDAQ:ADEA) has signed an IP license agreement with Magenta Telekom for the use of its media IP portfolio in Magenta's video and pay-TV services. This deal highlights Adeia's growing influence in the European video services market and its commitment to enhancing customer experience through innovative technologies.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 12:50 pm

WISA

WiSA Technologies, Inc. (NASDAQ:WISA) has announced a significant licensing agreement with a top-three consumer electronics leader for its WiSA E software, marking the fifth such deal. This agreement allows the licensee to embed WiSA E's immersive audio functionality into their devices, eliminating the need for additional hardware. Consumers can activate this feature by purchasing compatible speakers, creating a new revenue stream for WiSA through royalty payments and engineering services. Production of these devices is expected in the second half of 2024.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 12:48 pm

ALK

Alaska Air Group, Inc. (NYSE:ALK) reported a 2% year-over-year increase in Q1 2024 operating revenue to $2.232 billion, surpassing consensus estimates. Despite a decline in adjusted EPS to $(0.92) from $(0.62) a year ago, it beat the consensus of $(1.05). The quarter was significantly impacted by the grounding of the Boeing 737-9 MAX, leading to a $162 million compensation from Boeing. ALK also announced the acquisition of Hawaiian Airlines and provided positive Q2 and full-year 2024 guidance, despite revising growth expectations due to reduced aircraft deliveries from Boeing.

Portfolio Pulse from Akanksha Bakshi

April 18, 2024 | 12:47 pm

ALSN

Allison Transmission has partnered with HST Otomotiv to deliver the X1100-5A4 cross-drive transmission for the Next Generation T-155 Firtina Howitzer for the Turkish Armed Forces, expecting to drive $100M of incremental annual revenue in its Defense end market. The initial delivery includes 10 transmissions, with full production scheduled for July 2024, aiming to deliver a total of 140 Firtina Howitzers. The X1100 Series transmission is designed for heavy tracked combat vehicles, offering enhanced maneuverability, fuel efficiency, and low maintenance.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 12:45 pm

LUCY

Innovative Eyewear, Inc. has announced the signing of UK football legend Micah Richards as an official brand ambassador for its ChatGPT smart eyewear under the Lucyd, Nautica, Eddie Bauer, and Reebok brands. Richards, a former England International footballer and successful broadcaster, is expected to help the company reach new athletes and sports fans, increasing brand awareness.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 12:44 pm

ACHR

Archer Aviation Inc. (NYSE:ACHR) has announced strategic hires and the opening of a new office in Washington D.C. to bolster its government relations efforts as it prepares for the commercial launch of its electric vertical takeoff and landing (eVTOL) aircraft. The team, led by former FAA Chief Billy Nolen, includes key policy and regulatory affairs leaders. The new office is located near FAA and DOT headquarters and will showcase Archer's eVTOL technology to policymakers. This move is part of Archer's proactive approach to efficiently progress through the U.S. regulatory process.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 12:38 pm

DRIO

DarioHealth Corp. (NASDAQ:DRIO) has announced two new contracts to provide integrated chronic condition management solutions, focusing on cardiometabolic health, to a national supply chain company and a regional education organization starting in Q2 2024. The solutions include support for diabetes, pre-diabetes, hypertension, weight management, and GLP-1 medication management, leveraging Dario's technology and data insights for personalized care.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 12:34 pm

AZ

A2Z Smart Technologies Corp. (NASDAQ:AZ) announced Gadi Graus as the new CEO, succeeding Bentsur Joseph who remains Chairman. Graus, previously President and Director of A2Z and Cust2Mate, aims to scale operations globally. The company also appointed Reeves Ambrecht to its Board, expanding it to 6 directors. Ambrecht brings over two decades of financial experience to A2Z. The leadership changes aim to enhance corporate structure and shareholder value, with A2Z ready to meet the growing demand in the smart cart market.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 12:31 pm

AMRC

Ameresco, Inc. (NYSE:AMRC), a leading cleantech integrator, has been awarded an Energy Savings Performance Contract (ESPC) by Columbia County, Oregon, to upgrade and modernize the historic John Gumm building. The project includes enhancements to energy efficiency through upgrades to boilers, HVAC, ventilation, lighting, and other infrastructure, contributing to a larger effort to improve county facilities. This initiative underscores Columbia County's commitment to sustainability and functionality for its workforce and community.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 12:15 pm