Streetbeat News

Regulatory

GOOG

GOOGL

The board of Alphabet Inc has advised its shareholders to vote against a stockholder proposal concerning the oversight and principles of artificial intelligence (AI).

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 8:42 pm

TKO

TKO Group has filed a prospectus with the SEC for the resale of up to 8.25 million shares of Class A common stock by selling stockholders. This move indicates a potential increase in the stock's liquidity but may also lead to dilution for current shareholders.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 8:42 pm

ACHV

Achieve Life Sciences has filed a prospectus with the SEC for the potential offer and sale of up to 13.1 million shares of common stock by selling stockholders. This move could impact the company's stock liquidity and potentially dilute current shareholders' equity.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 8:40 pm

SQFT

Presidio Property Trust Inc has filed with the SEC for a mixed shelf offering, allowing it to issue various securities up to a total value of $50 million. This strategic move could provide the company with flexible financing options for future growth, acquisitions, or debt management.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 8:39 pm

FAMI

Farmmi, Inc. (NASDAQ:FAMI), a supplier of agriculture products in China, received a notification from Nasdaq on April 22, 2024, for not meeting the minimum bid price requirement. The company's shares fell below $1.00 for 32 consecutive days. Farmmi has until October 21, 2024, to regain compliance by maintaining a closing bid price of at least $1.00 for 10 consecutive business days. Failure to comply may lead to an additional 180-day grace period.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 8:30 pm

CVX

GOOGL

META

MSFT

QQQ

TSLA

XOM

Tech stocks, as tracked by the Invesco QQQ Trust, saw their best week in 2024, driven by reduced geopolitical tensions and strong corporate earnings, despite inflation concerns and slowing U.S. economic growth. Tesla Inc. experienced a significant rebound, while energy stocks like Exxon Mobil Corp. and Chevron Corp. faced declines after disappointing earnings. Meta Platforms Inc. reported strong earnings but projected weaker future revenue and higher costs. U.S. Treasury yields reached a six-month high, affecting mortgage rates. Artificial intelligence gains prominence with Microsoft Corp. and Alphabet Inc. leading the charge. Elon Musk criticized potential U.S. bans on TikTok, and Jamie Dimon highlighted risks of stagflation.

Portfolio Pulse from Piero Cingari

April 26, 2024 | 8:28 pm

LLY

Eli Lilly has advised its shareholders to reject a 'mini-tender' offer by Tutanota LLC, according to an SEC filing. The pharmaceutical giant believes the offer is not in the best interest of its shareholders.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 8:26 pm

PUCK

Goal Acquisitions Corp received a notice from Nasdaq on April 23 regarding delisting or failure to satisfy continued listing rules, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 8:26 pm

KSCP

Knightscope received a delisting determination letter from Nasdaq staff on April 24, according to an SEC filing. This indicates that Knightscope is at risk of being removed from the Nasdaq stock exchange, which could have significant implications for its stock price and investor confidence.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 8:25 pm

BZFD

Buzzfeed received a notification from Nasdaq staff indicating non-compliance with the Nasdaq Audit Committee Requirement, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 8:23 pm