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INVZ

Innoviz Technologies Ltd (NASDAQ:INVZ) has commenced an underwritten public offering of 26 million of its ordinary shares at a price of $2.50 per share, with an option for underwriters to buy up to 3.9 million additional shares. The gross proceeds are expected to total $65 million, which will be used for general corporate purposes. The offering is expected to close on Aug. 14. Innoviz shares are down 20% since the start of the year.

Portfolio Pulse from Adam Eckert

August 10, 2023 | 12:44 pm

FREY

MSFT

FREYR Battery (NYSE:FREY) reported Q2 FY23 earnings with a loss per share of $(0.18), beating the consensus of $(0.26). The company also announced the appointment of former Microsoft Corporation (NASDAQ:MSFT) executive Birger Steen as its new CEO. FREYR's Board approved a plan to redomicile the corporate holding company from Luxembourg to the U.S. by the end of 2023. The company's shares are trading higher by 3.81% at $7.90 premarket.

Portfolio Pulse from Akanksha Bakshi

August 10, 2023 | 12:43 pm

INVZ

Innoviz Technologies has announced the pricing of an upsized public offering of ordinary shares, leading to a decrease in its stock price.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 12:43 pm

HSON

Hudson Global (NASDAQ:HSON) reported Q2 earnings of $0.36 per share, beating the analyst consensus estimate of $0.21 by 71.43%. However, this is a 71.2% decrease from the same period last year. The company's quarterly sales were $44.90 million, missing the analyst consensus estimate of $45.22 million by 0.71%. This is an 11.90% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 12:42 pm

FLYW

Flywire has announced the pricing of a follow-on offering, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 12:41 pm

TPR

Tapestry Inc. has announced a definitive agreement to acquire Capri Holdings. This news has led to a decrease in Tapestry's share price.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 12:40 pm

CBL

CBL Properties (NYSE:CBL) has announced a stock repurchase program, authorizing the company to buy up to $25 million of its common stock. The company plans to repurchase shares from time to time on the open market, in privately negotiated transactions or otherwise, depending on market prices and other conditions. The repurchase program may be suspended or discontinued at any time at the company's discretion.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 12:40 pm

PF

ProFrac's shares are trading lower following the company's Q2 financial results, which were worse than expected.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 12:39 pm

SOPA

Society Pass (NASDAQ:SOPA) reported Q2 sales of $2.19 million, missing the analyst consensus estimate of $2.66 million by 17.77%. However, this represents a 338.27% increase over sales of $499.06 thousand in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 12:39 pm

YETI

YETI Holdings Inc. reported better-than-expected Q2 adjusted EPS results and raised its FY23 adjusted EPS and sales growth guidance, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 12:39 pm