Streetbeat News

Regulatory

HYLN

Hyliion Holdings Corp. (NYSE:HYLN) has received a notice from the New York Stock Exchange (NYSE) for not complying with the listing standards as its average per share closing price was below $1.00 over a 30-day trading period. The company plans to notify the NYSE of its intent to regain compliance within 10 business days and has a six-month period to do so. The notice has no immediate impact on the listing of Hyliion's common stock.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 10:42 pm

AGFY

Agrify Corporation (NASDAQ:AGFY), a provider of cultivation and extraction solutions for the cannabis industry, has received an extended stay of suspension from Nasdaq. The company was notified of a potential delisting due to non-compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of all required periodic financial reports. Agrify has not filed its Annual Report for the fiscal year ended December 31, 2022, and the Quarterly Reports for the fiscal quarters ended March 31, 2023, and June 30, 2023. The company plans to complete and file the delinquent reports.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 10:41 pm

LKCO

Luokung Technology Corp. (NASDAQ:LKCO) has received a notification from Nasdaq stating that it is not in compliance with the minimum bid price requirement of $1.00. The company has until May 1, 2024, to regain compliance. If it fails to do so, it may be delisted from Nasdaq. The company is considering options to achieve compliance, including a potential reverse share split.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 10:37 pm

AWK

Pennsylvania American Water, a subsidiary of American Water (AWK), has filed a rate adjustment request with the Pennsylvania Public Utility Commission. The request is driven by the company's commitment to invest $1 billion in water and wastewater system improvements through mid-2025. If approved, the average residential water bill would increase by approximately $17 per month, while the average residential wastewater bill for sanitary sewer service would decrease by approximately $5 per month. The company is also proposing to expand its income-based monthly bill discount program, potentially benefiting an additional 55,000 customers.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 10:35 pm

RKLB

Rocket Lab USA, Inc. (NASDAQ:RKLB) has announced a return to launch window for its Electron launch vehicle, set to open on November 28th, 2023. The company has been conducting an extensive review into the cause of an anomaly that resulted in the loss of its 41st Electron mission launched on September 19th, 2023. The investigation indicates that an unexpected electrical arc occurred within the power supply system, shorting the battery packs that provide power to the launch vehicle's second stage. Rocket Lab is implementing corrective measures to prevent a recurrence of the fault.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 10:30 pm

ATRA

Trading of Atara Biotherapeutics' shares has been halted, pending news. The nature of the news is not yet disclosed.

Portfolio Pulse from Charles Gross

November 08, 2023 | 10:26 pm

KRMD

KORU Medical Systems, Inc. (NASDAQ:KRMD) has announced a development agreement with a biopharmaceutical manufacturer to develop and seek regulatory approval for a next-generation infusion system for its subcutaneous immunoglobulin (SCIg) therapy. The new system is intended to facilitate easier home therapy and allow pharmacies to use one pump for their SCIg patients, regardless of whether the drug is provided in a vial or prefilled syringe.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 10:23 pm

BMEA

Biomea Fusion, Inc. (NASDAQ:BMEA) will present new data from its ongoing Phase II study of BMF-219 in patients with Type 2 Diabetes at the World Congress Insulin Resistance, Diabetes & Cardiovascular Disease. The abstract will discuss the role of menin as a regulator of glycemic control and beta-cell mass, and illustrate the mechanism of action of BMF-219. Topline data of the escalation portion of COVALENT-111 will be announced in December.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 10:21 pm

MS

The Federal Reserve is investigating Morgan Stanley's international wealth-management practices, according to the Wall Street Journal. The details of the investigation are not yet clear.

Portfolio Pulse from Charles Gross

November 08, 2023 | 10:21 pm

CBSTF

CRLBF

GTBIF

TSNDF

YOLO

Ohio has become the 24th state to legalize recreational cannabis, causing a surge in cannabis stocks. AdvisorShares Pure Cannabis ETF (YOLO) saw a more than 5% increase in value. Other cannabis companies such as Green Thumb Industries Inc (GTBIF), Cresco Labs Inc (CRLBF), TerrAscend Corp (TSNDF), and Cannabist Company Holdings Inc (CBSTF) also experienced changes in their stock prices.

Portfolio Pulse from Patricio Liddle

November 08, 2023 | 9:13 pm