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Regulatory

DSS

DSS, Inc. (NYSE: DSS) has announced a 1-for-20 reverse stock split effective January 4, 2024, to comply with NYSE American listing requirements. The split will trade on a post-split basis starting January 5, 2024. The reverse split aims to address the low share price issue and maintain the company's listing. All shareholders will be affected uniformly, and no fractional shares will be issued. Equiniti Trust Company, LLC will provide instructions for exchanging stock certificates.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 9:32 pm

EEX

INNPF

LOWLF

MEDIF

OGI

TCNNF

The cannabis industry is experiencing significant leadership changes as we head into 2024. The Indigenous Cannabis Industry Association (ICIA) hosted a roundtable to discuss hemp and cannabis regulation. Emerald Holding, Inc. (NYSE:EEX) promoted Emilie Lewis to oversee marketing for Marijuana Business Daily. MediPharm Labs Corp. (OTCQB:MEDIF) announced the resignation of board member Miriam McDonald. Lowell Farms Inc. (OTCQX:LOWLF) reported the departure of board member Brian Shure. Trulieve Cannabis Corp. (OTCQX:TCNNF) named Wes Getman as its new CFO, and Organigram Holdings Inc. (NASDAQ:OGI) appointed Greg Guyatt as CFO. Innocan Pharma Corporation (OTCQB:INNPF) established a team for FDA submission for its LPT CBD platform.

Portfolio Pulse from Jelena Martinovic

December 22, 2023 | 9:31 pm

CCCC

Commodore Capital LP has filed a 13G form with the SEC, revealing a 7.7% passive stake in C4 Therapeutics as of December 14.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 9:28 pm

COOL

Corner Growth Acquisition Corp. received a notice from Nasdaq on Dec 18 stating that its securities are subject to suspension and delisting unless the company requests a hearing before a panel. The company has timely requested such a hearing to ask for more time to complete a business combination, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 9:27 pm

SCLX

Scilex Holding Co has filed with the SEC for a mixed shelf offering, allowing it to sell various types of securities up to a total of $500 million.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 9:25 pm

SNCE

Science 37 Holdings, Inc. received a notification from Nasdaq confirming that the company has regained compliance with the minimum closing bid price requirement for continued listing on the exchange, as per an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 9:24 pm

GFI

MT

X

Gold Fields Limited has agreed to sell its stake in the Asanko joint venture to Galiano Gold Inc. for $150 million in cash, $20 million in Galiano shares, and a 1% royalty on future gold production. The White House is scrutinizing Nippon Steel's proposed $14.1-billion acquisition of United States Steel Corporation due to national security concerns. ArcelorMittal SA announced a companywide safety audit to be conducted by dss+ across more than 350 sites, with results expected in September 2024.

Portfolio Pulse from Austin DeNoce

December 22, 2023 | 9:24 pm

KNW

Know Labs Inc has filed with the SEC for a mixed shelf offering, allowing the company to issue various types of securities up to a total of $18 million. This move could potentially dilute current shareholders but also provides the company with a mechanism to raise capital flexibly.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 9:24 pm

VRM

Vroom has filed a preliminary proxy statement with the SEC for a special stockholders' meeting on Feb. 5, 2024, to consider a reverse stock split of its common stock at a ratio between 1-for-35 to 1-for-80.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 9:21 pm

OESX

Orion Energy Systems (OESX) received a notice from Nasdaq on Dec 21 indicating non-compliance with the minimum bid price requirement for continued listing, as per an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 9:15 pm