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Regulatory

NVOS

Novo Integrated Sciences, Inc. (NASDAQ:NVOS) has received an Underwriting Clearance Notice from RC Consulting Group LLC for a transaction with SCP Tourbillion Monaco. The transaction involves a 15-year $70 million promissory note for debt funding of $57 million, with a yield of 1.52% per annum. The note is unsecured and does not provide for the conversion of debt, issuance of shares, or the grant of warrants.

Portfolio Pulse from Happy Mohamed

August 31, 2023 | 8:25 pm

MTEM

Molecular Templates (MTEM) has regained compliance with Nasdaq's listing requirements as of August 28.

Portfolio Pulse from Bill Haddad

August 31, 2023 | 8:20 pm

EWZ

The Brazilian government has projected a GDP growth of 2.3% and an inflation rate of 3.30% for the year 2024.

Portfolio Pulse from Bill Haddad

August 31, 2023 | 8:19 pm

EOSE

Eos Energy Enterprises (NASDAQ:EOSE) has announced Project AMAZE, a $500 million expansion program to scale annual production to 8 GWh storage capacity by 2026. The Department of Energy's Loan Programs Office has issued a conditional commitment for a loan guarantee of up to $398.6 million, expected to fund 80% of the expansion. The project is expected to create nearly 700 new jobs and expand the U.S. supply chain. Eos recently partnered with ACRO Automation Systems for the design and development of its first high-output manufacturing line.

Portfolio Pulse from Happy Mohamed

August 31, 2023 | 8:00 pm

AAPL

BLK

GBTC

SPY

TSLA

WT

A federal court has ruled against the SEC for rejecting Grayscale Investments' request to convert its Grayscale Bitcoin Trust into an ETF. The court's decision could expedite the approval of several Bitcoin ETFs filed by companies such as BlackRock, WisdomTree, Invesco, Valkyrie Investments, Ark Invest, VanEck, and Fidelity. The article also compares the hypothetical returns of investing $1,000 in Bitcoin, SPDR S&P 500 ETF Trust, Tesla, and Apple in 2013.

Portfolio Pulse from Chris Katje

August 31, 2023 | 7:54 pm

BTCUSD

Bitwise CIO Matt Hougan and Cathie Wood are urging the SEC to approve all Bitcoin spot ETF applications. This comes as Bitwise awaits the SEC's decision on its own application. The sentiment is that the SEC might approve more than one ETF at once. The outcome of Bitwise's application remains uncertain, with analysts suggesting another postponement might be likely. The SEC's main concerns are fraud and manipulation.

Portfolio Pulse from Piero Cingari

August 31, 2023 | 7:33 pm

BTCUSD

ETHUSD

Binance, the world's largest cryptocurrency exchange, has announced that it will gradually wind down support for its BUSD products. The move is expected to impact the liquidity and trading volume of BUSD.

Portfolio Pulse from Happy Mohamed

August 31, 2023 | 7:12 pm

EWY

SPY

The U.S. Treasury has issued fresh sanctions related to North Korea. This could potentially impact the South Korean market and the broader U.S. market.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 6:37 pm

BKI

ICE

The U.S. Federal Trade Commission (FTC) has secured a settlement with ICE and Black Knight over antitrust concerns in a mortgage technology deal. The details of the settlement were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 6:28 pm

SPY

Senate Minority Leader McConnell has been medically cleared to continue his schedule, according to the Attending Physician for Congress. The news may indirectly affect the SPY ETF, which tracks the S&P 500 index and is influenced by political stability.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 6:25 pm