Streetbeat News

Stock Prices

RETO

ReTo Eco-Solutions, Inc. (NASDAQ:RETO) has announced a $15M registered direct offering and a $10M concurrent private placement. The company plans to use the net proceeds from these offerings to fund business growth in China and other global regions, acquisition or investment in technologies, products and businesses, and for working capital and general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 12:51 pm

NRSN

NeuroSense Therapeutics has announced the termination of its At-The-Market (ATM) equity offering program, effective October 4th, 2023. The company is fully funded beyond the clinical Phase 2b ALS results, with topline critical data expected in Q4 2023. The company's funding extends into Q2 2024.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 12:50 pm

NIO

NIO Inc announced its delivery numbers over the weekend, with 15,641 vehicles delivered in September, a 43.8% YoY increase. Q3 deliveries totaled 55,432, up 75.4% YoY. The company also launched and began delivering its all-new coupe SUV EC6. Despite these positive numbers, NIO shares trended lower last month and were down 0.11% at the time of publication.

Portfolio Pulse from Adam Eckert

October 02, 2023 | 12:49 pm

ARMK

Aramark has completed the spin off of its uniform and workplace supplies business, Vestis, causing its shares to trade lower.

Portfolio Pulse from Luke J Jacobi

October 02, 2023 | 12:48 pm

COIN

ICCM

VTRS

IceCure's ProSense Cryoablation has been validated as a safe and effective outpatient procedure for breast cancer with a 96.8% success rate, boosting ICCM shares by 119%. Coinbase (COIN) shares rose by 5.75% after the company secured a payment institution license from the Monetary Authority of Singapore. Viatris (VTRS) shares increased by 4% following the company's announcement of an offer to sell its OTC business and an agreement to sell its Women's Healthcare and API businesses in India.

Portfolio Pulse from ryanfaloona@benzinga.com

October 02, 2023 | 12:48 pm

RIVN

Rivian has confirmed that its figures are in line with the company's expectations and it is on track to meet the 52,000 annual production guidance previously provided.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 12:47 pm

SDC

SmileDirectClub Inc (NASDAQ:SDC) has filed for Chapter 11 bankruptcy, causing its shares to trade lower. The company plans to continue operations during the bankruptcy process, with its founders committing to invest at least $20 million. Additional capital of up to $60 million is available upon meeting certain conditions. The company's shares were down 54.4% at 19 cents at the time of the news publication.

Portfolio Pulse from Adam Eckert

October 02, 2023 | 12:45 pm

SDC

SmileDirectClub has filed for Chapter 11 bankruptcy, leading to a decrease in its share prices.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 12:44 pm

GOEV

Canoo has entered into a $45M convertible preferred stock purchase agreement with a foreign strategic institutional investor. The agreement could potentially be upsized to $150M. The investor has the right to convert its preferred stock into common stock at a conversion price of 120% of the average closing prices per share of the common stock over the preceding ten trading days. The company also issued warrants to the investor to purchase 22.96 million shares of common stock.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 12:39 pm

MOBV

MOBVU

Mobiv Acquisition Corp (NASDAQ:MOBV, MOBVU) has provided an update on its planned merger with SRIVARU Holding Limited, a provider of premium electric motorcycles. Post-merger, Mobiv's common stock and warrants will convert into ordinary shares and warrants of SRIVARU, which are expected to trade on Nasdaq under the new ticker symbols 'SVMH' and 'SVMHW'. Shareholders who reverse their redemption by the deadline will be entitled to a pro-rata share of the additional 2,500,000 SRIVARU ordinary shares.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 12:38 pm