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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

VTRS

Viatris has announced that it has received an offer for the divestiture of most of its OTC business. The company has also entered into definitive agreements to divest its Women's Healthcare business and API business in India. This has led to an increase in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 12:37 pm

INBS

Intelligent Bio Solutions has announced the pricing of its $4M underwritten public offering at $0.55 per unit.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 12:36 pm

ANF

ARDX

AWK

CAT

FUBO

XOM

Jim Cramer, on CNBC’s 'Mad Money Lightning Round,' recommended buying Caterpillar Inc. (CAT), Abercrombie & Fitch Co. (ANF), Exxon Mobil Corporation (XOM), and American Water Works Company, Inc. (AWK). He referred to Ardelyx, Inc. (ARDX) as a 'speculative stock' and advised against investing in fuboTV Inc. (FUBO).

Portfolio Pulse from Priya Nigam

October 02, 2023 | 12:34 pm

K

Kellanova has completed the spin off of its cereal division, WK Kellogg. Kellanova shareholders will receive 1 share of WK Kellogg for each Kellanova share owned, which has led to a decrease in Kellanova's share price.

Portfolio Pulse from Luke J Jacobi

October 02, 2023 | 12:32 pm