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HITI

High Tide Inc. (NASDAQ:HITI) has secured CA$30 million in financing through an at-the-market equity offering program. The company will use the proceeds to fund strategic initiatives, support existing operations, fund future acquisitions, and for working capital and general corporate purposes. The company's shares traded 1.36% lower at $1.45 per share during the pre-market session on Friday morning.

Portfolio Pulse from Jelena Martinovic

September 01, 2023 | 1:37 pm

LGHL

Shares of Lion Group Holding (LGHL) were halted on a circuit breaker due to a significant drop in the stock price. The stock is currently down by 5.41%.

Portfolio Pulse from Happy Mohamed

September 01, 2023 | 1:36 pm

NVOS

Novo Integrated Sciences Inc's (NVOS) stock has surged by 53.5% after the company announced it received an Underwriting Clearance Notice for a $70 million debt funding transaction. The company also received approval for its transaction with RC Consulting LLC in favor of SCP Tourbillion Monaco, resulting in a 'Clear to Close' status for an unsecured 15-year $70 million promissory note with a yield of 1.52% per annum.

Portfolio Pulse from Henry Khederian

September 01, 2023 | 1:36 pm

ADTX

Aditxt announced a $10 million private placement priced at-the-market under Nasdaq rules, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 1:35 pm

TAOP

Taoping Inc. reported a year-over-year increase in H1 EPS and sales results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 1:34 pm

ME

23andMe has received FDA 510(k) clearance to expand its existing BRCA1/BRCA2 Genetic Health Risk Report, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 1:33 pm

MULN

Mullen Automotive's CEO responded to Charles Payne's question on Fox Business, detailing the company's financials for Q2 2023. The company incurred $7.8 million of non-cash expenses, including charges for warrants provided to Qiantu and stock-based compensation. Mullen spent $46.1 million in operating expenses, compared to $53.9 million of total operating expenses reported. The company also highlighted its strong balance sheet with $352 million in stockholders' equity and $560 million in total assets. Mullen's operating cash flow was compared to competitors Canoo, Nikola, and Workhorse.

Portfolio Pulse from Happy Mohamed

September 01, 2023 | 1:32 pm

OLN

Olin Corporation announced that its President, CEO, and Chairman of the Board, Scott Sutton, will step down from his positions in the first half of 2024. Following the announcement, Olin's shares traded lower.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 1:30 pm

NKE

Nike's (NYSE:NKE) short percent of float has risen 3.14% since its last report, with 16.22 million shares sold short, which is 1.64% of all regular shares available for trading. This increase in short interest can indicate a bearish market sentiment towards Nike. However, compared to its peers, Nike has less short interest with an average of 7.31%.

Portfolio Pulse from Benzinga Insights

September 01, 2023 | 1:30 pm

QCOM

Qualcomm's (NYSE:QCOM) short percent of float has fallen 10.0% since its last report, indicating a more bullish sentiment towards the stock. The company has 12.05 million shares sold short, which is 1.08% of all regular shares available for trading. Compared to its peers, Qualcomm has less short interest, with the average for its peer group being 3.66%.

Portfolio Pulse from Benzinga Insights

September 01, 2023 | 1:30 pm