Streetbeat News

Regulatory

SDC

SmileDirectClub has received a written notice from Nasdaq stating that the company's securities will be delisted from Nasdaq and suspended at the opening of business on October 4, 2023.

Portfolio Pulse from Charles Gross

October 02, 2023 | 9:31 pm

JT

Jianpu Technology has received a non-compliance letter from the New York Stock Exchange (NYSE) due to the low trading price of its American Depositary Shares (ADS).

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 9:12 pm

AAPL

V

Visa Inc. is focusing on regulatory compliance, innovation, and strategic partnerships to stay ahead in the payment processing industry. The company has launched the Visa Ready to Launch (VRTL) program to support fintechs. Meanwhile, Apple has introduced a new feature in its Wallet app for U.K. users, which could pose regulatory challenges for Visa.

Portfolio Pulse from Mohit Manghnani

October 02, 2023 | 9:03 pm

SONX

Sonendo has received a notice of non-compliance with the NYSE trading share price listing rule. The company's stock, SONX, is at risk of being delisted if it does not regain compliance.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 8:45 pm

FXI

MU

SPY

A group of US senators is planning to travel to China next week, with hopes of meeting with President Xi Jinping, according to a Republican Senate office. The news could potentially impact the stocks of FXI, MU, and SPY.

Portfolio Pulse from Charles Gross

October 02, 2023 | 8:39 pm

TAK

Takeda Pharmaceutical Company Limited (TAK) announced its intention to voluntarily withdraw its drug EXKIVITY (mobocertinib) in the US after the Phase 3 EXCLAIM-2 confirmatory trial did not meet its primary endpoint. The company also plans to initiate similar withdrawals globally where the drug is approved. Takeda will continue to assess the impact of the withdrawal and update its full-year, consolidated forecast for the fiscal year ending March 31, 2024.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 8:33 pm

AOUT

American Outdoor Brands has been approved for a $10M repurchase program, which will commence on October 2 and run through September 30, 2024, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 8:18 pm

ATAI

atai Life Sciences has completed a Phase 1 study of VLS-01 in healthy participants, with favorable safety profile and dose-dependent increases in exposure observed. The company plans to progress VLS-01 into a Phase 1b study and expects to enroll the first participant in 1H 2024.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 8:16 pm

LFLY

Leafly Holdings, Inc. (LFLY) has regained compliance with Nasdaq's minimum bid price requirement. The company received a notification from Nasdaq stating that it has maintained a closing bid price of $1.00 per share or more for a minimum of 10 consecutive business days, thereby regaining compliance.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 8:15 pm

STAF

Staffing 360 Solutions has adopted a limited duration stockholder rights plan. The rights will be exercisable only if any entity, person or group acquires 10% (or 20% in the case of certain passive investors) or more of the company's outstanding Voting Stock in a transaction not approved by the Board.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 8:09 pm