Streetbeat News

Regulatory

CGC

Canopy Growth has announced a voluntary application for a Management Cease Trade Order (MCTO) and intends to provide bi-weekly status updates until the Restated Financial Statements are filed and the MCTO is revoked. The company has not taken any steps toward insolvency.

Portfolio Pulse from Happy Mohamed

May 26, 2023 | 8:31 pm

SRE

Sempra Energy has filed for a mixed shelf offering with the SEC, but the size of the offering has not been disclosed.

Portfolio Pulse from Happy Mohamed

May 26, 2023 | 8:25 pm

SPY

U.S. Treasury Secretary Janet Yellen warns that projected resources will be inadequate during the week of June 5, when $92 billion of payments and transfers are due.

Portfolio Pulse from Happy Mohamed

May 26, 2023 | 8:22 pm

SPY

Treasury Secretary Yellen announced that the Treasury will make over $130 billion in scheduled payments in the first two days of June, including payments to veterans, Social Security, and Medicare recipients.

Portfolio Pulse from Happy Mohamed

May 26, 2023 | 8:21 pm

GOVT

The International Monetary Fund (IMF) warns of persistent inflation in the US if the job market does not soften and monetary policy remains tight. The IMF expects the federal funds rate to stay in the 5.25%-5.5% range until late 2024. The Fund also highlights systemic risks related to the federal debt ceiling and advises Congress to raise or suspend it.

Portfolio Pulse from Piero Cingari

May 26, 2023 | 8:21 pm

SNGX

Soligenix (SNGX) received a letter from Nasdaq on May 23, confirming that the company is in compliance with all applicable requirements for listing on the Nasdaq stock exchange.

Portfolio Pulse from Happy Mohamed

May 26, 2023 | 8:20 pm

SPY

U.S. Treasury Secretary Janet Yellen warns that the U.S. could default on its debt as early as June 5 without a debt ceiling hike, moving the previous date from June 1.

Portfolio Pulse from Happy Mohamed

May 26, 2023 | 8:20 pm

SEEL

Seelos Therapeutics Inc. received a notice from Nasdaq on May 23 stating that it has not regained compliance with Rule 5550(a)(2).

Portfolio Pulse from Happy Mohamed

May 26, 2023 | 8:16 pm

STET

ST Energy Transition I Ltd. (NYSE:STET) received a notice from the NYSE for not timely filing its Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2023. The company filed the Form 10-Q on May 26, 2023, curing the deficiency.

Portfolio Pulse from Happy Mohamed

May 26, 2023 | 8:12 pm

ERES

East Resources Acquisition Company (NASDAQ:ERES) received a notice from NASDAQ for not complying with Listing Rule 5250(c)(1) due to the delayed filing of its Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2023. The company has since filed the Form 10-Q on May 25, 2023.

Portfolio Pulse from Happy Mohamed

May 26, 2023 | 8:11 pm