Streetbeat News

Products Services

VIRT

Virtu Financial, Inc. (NASDAQ:VIRT) has announced a strategic collaboration with ClearingBid, Inc. to expand access to IPO investing through ClearingBid's platform. This partnership leverages Virtu's ITG Net connectivity platform, enabling brokers and financial institutions to place orders for IPO shares. The collaboration aims to enhance the IPO process, making it more accessible and transparent for investors and their brokers by integrating ClearingBid's IPO network with Virtu's global FIX connectivity solutions.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 2:03 pm

SCLX

Scilex Holding Company has announced that its abstract has been accepted for both a poster and an oral presentation at the upcoming annual meeting of the American Academy of Pain Medicine (AAPM). This acceptance is a significant milestone for Scilex as it provides an opportunity to showcase its research and developments in the field of pain management to a professional audience.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 2:02 pm

KNW

Know Labs, Inc. (NYSE:KNW) announced the KnowU, a wearable non-invasive continuous glucose monitor (CGM), incorporating a proprietary sensor intended for FDA submission. The KnowU, smaller and lighter than its prototype, features on-board computing, built-in machine learning, and aims to enhance diabetes management by being durable, eliminating disposables, and offering easy connectivity with a mobile app. Know Labs plans to use the KnowU for accelerated data collection in FDA clinical trials, targeting a diverse range of glycemic levels and populations. The company, holding over 270 patents, aims to make diabetes care more accessible and affordable.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 2:02 pm

CLSK

CleanSpark, Inc. has completed the acquisition of three bitcoin mining data centers in Mississippi, effectively boosting its operating hashrate to over 15 EH/s. Operations at these facilities have already commenced, with an expected hashrate of 2.4 EH/s once fully equipped. CEO Zach Bradford highlighted the expansion as a significant milestone, emphasizing the company's commitment to community partnership and economic growth through job creation and investment in local infrastructure. CleanSpark's history of contributing to community development in Georgia is cited as a precedent for its expected positive impact in Mississippi.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 2:01 pm

ARKB

BITB

FBTC

IBIT

Bitcoin and Ethereum experienced significant price increases, with Bitcoin surpassing $57,000 and Ethereum over $3,200. This surge is accompanied by a record $2.4 billion trading volume in nine new Bitcoin ETFs and a total net inflow of $519 million into Bitcoin spot ETFs. BlackRock's IBIT led with a $1.3 billion trading volume, while Fidelity's FBTC and Ark's ARKB saw the largest inflows. The market's bullish run is attributed to growing investor confidence in cryptocurrency as a legitimate asset class.

Portfolio Pulse from Murtuza Merchant

February 27, 2024 | 1:58 pm

NRXP

NRx Pharmaceuticals, Inc. (NRXP) announced a $1.5M underwritten public offering of common stock at $0.30/share, with an additional investor commitment of $1M. The offering, managed by EF Hutton LLC, aims to raise funds for working capital, general corporate purposes, and servicing current debt obligations. The company highlighted the offering's accretive nature to shareholder value and its strategy to avoid dilutive transactions common in the biotech sector. Proceeds will also support the launch of HOPE Therapeutics, with first revenue expected by the end of Q2 2024.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 1:57 pm

VKTX

Viking Therapeutics' stock is trading higher following the announcement that its Phase 2 VENTURE trial successfully met its primary and all secondary endpoints.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 1:55 pm

EEIQ

EpicQuest Education Group International Limited (NASDAQ: EEIQ) announced that Davis University received HLC approval for two new STEM programs, expected to significantly increase revenue from students in India and China. The company plans to double the number of students from China and sees India as a significant revenue source, especially with the US being a top choice for Indian students. The recent opening of a recruiting office in Sri Lanka aims to attract students from Southeast Asia and the Middle East. Previously, HLC approved Davis University's online programs, indicating no further approvals are needed for online education.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 1:49 pm

DBGI

Digital Brands Group, Inc. (DBGI) announced plans to open its first retail store in Dallas, Texas, in the first half of April. The store, located at the Simon Premium Outlet Mall in Allen, is forecasted to generate over $1.5 million in annual revenue and $500,000 in annual cash flow. This move is part of DBG's strategy to clear excess inventory, particularly from its Sundry acquisition, at higher margins than selling into the off-price channel. DBG's CEO, Hil Davis, highlighted the importance of retail stores in the company's growth strategy alongside wholesale and e-commerce.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 1:48 pm