Streetbeat News

Partnerships

F

SQM

SQM and Ford Motor Company have announced a long-term strategic agreement to secure the supply of high-quality lithium products for electric vehicle production. The agreement will ensure the supply of battery-grade lithium carbonate and lithium hydroxide, essential components for electric vehicle batteries.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 2:17 pm

SYNA

Synaptics Incorporated is showcasing its AI-enabled Vega capacitive touch- and force-sensing technology with integrated haptics for trackpads at Dell Technologies World. The technology reduces latency, improves palm rejection, and allows pressure measurement for a better user experience. It also lowers total cost, saves space, and simplifies manufacturing.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 1:46 pm

PRST

Presto Automation Inc. has entered into commitments for a $10 million common equity PIPE and negotiated changes to its credit facility with Metropolitan Partners Group, including a decrease of the minimum cash covenant to $10 million. The PIPE is expected to close on May 24, 2023. The funding will support the growth of Presto Voice AI platform and the commercialization of the next-generation Flex product platform.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 1:33 pm

DSX

Diana Shipping Inc. (NYSE:DSX) has entered into a time charter contract with Cargill International S.A. for its Panamax dry bulk vessel, the m/v Selina. The gross charter rate is $12,000 per day, and the contract lasts until at least September 15, 2024. The employment of Selina is expected to generate around $5.71 million in gross revenue.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 1:30 pm

PRST

Presto Automation Inc. (NASDAQ:PRST) has entered into commitments for a $10 million common equity PIPE and negotiated changes to its credit facility with Metropolitan Partners Group. The funding will support the growth of Presto Voice AI platform and the commercialization of the Flex product platform.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 1:30 pm

DLTR

IRWD

LDOS

MU

RKT

Micron Technology shares fell 4% due to Chinese cybersecurity concerns, while Rocket Companies may benefit from a potential pause in interest rate hikes. Dollar Tree is set to report quarterly results, Leidos Holdings remains unaffected by NASA's lunar lander contract, and Ironwood Pharmaceuticals offered to acquire VectivBio for $1 billion.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 1:15 pm

TBLA

Taboola has announced an exclusive deal with TelevisaUnivision to power content recommendations across top Spanish digital properties Univision and TUDN.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 1:14 pm

F

LTHM

Ford Motor Co has reaffirmed its FY23 adjusted EBIT guidance of $9 billion - $11 billion and expects an adjusted free cash flow of about $6 billion. The company has also signed a long-term agreement with Nemaska Lithium for the supply of lithium products, including lithium hydroxide, over an 11-year period.

Portfolio Pulse from Shivani Kumaresan

May 22, 2023 | 1:11 pm

CRGO

Electrolux Group has partnered with Freightos Ltd (NASDAQ:CRGO) to improve its freight booking process across forwarders and carriers. The partnership aims to optimize freight spend, improve decision-making, and deliver supply chain agility and efficiency.

Portfolio Pulse from Shivani Kumaresan

May 22, 2023 | 1:09 pm

NRGV

REPT BATTERO has signed a supply agreement with Energy Vault (NYSE:NRGV) to provide 10 GWh of lithium-ion batteries for global BESS deployments. Initial deliveries are expected to start in Q3 2023. The partnership aims to enable successful execution and delivery of short duration and hybrid energy storage solutions to their global customer base.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 1:06 pm