Streetbeat News

Regulatory

ARKB

Ark Invest, led by Cathie Wood, has filed a third amendment to its spot Bitcoin ETF filing, indicating ongoing conversations with the SEC. The proposed ARK 21Shares Bitcoin ETF, to be traded under the ticker 'ARKB' on the BZX Exchange, includes a fee structure and enhanced risk disclosures. Bloomberg experts view these updates as positive signs for eventual SEC approval. The deadline for the SEC's decision is now January 11, 2024.

Portfolio Pulse from Khyathi Dalal

November 20, 2023 | 10:21 pm

FSR

Fisker Inc. has received a notice from the NYSE regarding a late filing of its Form 10-Q. The company has six months from November 14, 2023, to file the report with the SEC to regain compliance with NYSE listing standards.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 10:02 pm

ARKK

BLK

Bernstein analysts predict Bitcoin's market cap could exceed $3 trillion by mid-2025, citing low churn rates, the upcoming Bitcoin halving, new FASB accounting guidelines, potential approval of a U.S.-listed spot Bitcoin ETF, and its use as a hedge against currency debasement. The SEC is engaging with asset managers like BlackRock and Ark Invest on ETF applications.

Portfolio Pulse from Murtuza Merchant

November 20, 2023 | 9:52 pm

EIS

IZRL

President Biden expressed optimism about a potential hostage deal between Israel and Hamas. Israel proposed a 5-day ceasefire in exchange for 50 hostages, but disagreements persist. UN Secretary-General Guterres expressed concern over civilian killings. Houthi rebels seized an Israeli cargo vessel, the Galaxy Leader, owned by Israeli businessman Abraham Ungar. The U.S. State Department demanded its release. Israeli stocks and ETFs, including iShares MSCI Israel ETF (EIS) and ARK Israel Innovative Technology ETF (IZRL), saw gains.

Portfolio Pulse from Piero Cingari

November 20, 2023 | 9:49 pm

CNTB

Connect Biopharma Holdings Limited (NASDAQ:CNTB) will release long-term data from its China pivotal trial of rademikibart for moderate-to-severe atopic dermatitis on November 21, 2023. The announcement will be followed by a conference call and webcast presentation to discuss the results.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 9:42 pm

NIR

Near Intelligence has been notified by Nasdaq due to a delay in filing its Form 10-Q. The company is required to submit a plan to regain compliance with Nasdaq's listing rules within 60 calendar days.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 9:39 pm

KZIA

Kazia Therapeutics Limited (KZIA) received a deficiency notification from Nasdaq for not meeting the minimum bid price requirement. The company's stock price fell below $1.00 for 30 consecutive days. Kazia has until May 20, 2024, to regain compliance by maintaining a bid price of $1.00 or more for 10 consecutive days. The company's securities will continue to trade normally on Nasdaq during this period, and Kazia is looking to resolve the issue to avoid delisting.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 9:37 pm

MKFG

Markforged received a notice from the NYSE regarding continued listing standards, specifically Rule 802.01C. The company plans to inform the NYSE of its intent to regain compliance within 10 business days.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 9:33 pm

UAL

United Airlines Holdings has filed with the SEC for a potential mixed shelf offering, although the size of the offering has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 9:33 pm

PDLB

Ponce Financial Group, Inc. (PDLB), the holding company for Ponce Bank, has been accepted into the Department of the Treasury's Minority Bank Deposit Program. This inclusion will provide Ponce Bank with opportunities for exposure, technical training, networking, and potential participation as a depositary or financial agent for government entities. The CEO, Carlos P. Naudon, expressed enthusiasm for the growth and development prospects this program offers.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 9:29 pm