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COIN

A Satoshi-era Bitcoin miner has moved $3 million worth of Bitcoin to Binance after 14 years of inactivity, potentially signaling an impending sale. The miner originally acquired the Bitcoin in 2010 when it was valued at $0.058 per coin.

Portfolio Pulse from Aniket Verma

June 28, 2024 | 8:20 am

ALV

Autoliv, Inc. (NYSE: ALV) announced the retirement of 1,309,606 shares of common stock, reducing the total issued shares to 84,816,615 and outstanding shares to 80,079,757. The company holds 4,736,858 shares in treasury with no voting or distribution rights.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 7:40 am

CJET

Chijet Motor Company, Inc. (NASDAQ:CJET) announced that its shareholders approved a reverse stock split and an increase in authorized share capital during the annual shareholder meeting. The reverse stock split consolidates every 30 shares into 1, and the authorized share capital is increased significantly.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 7:32 am

ALMS

Alumis Inc. (NASDAQ: ALMS), a clinical-stage biopharmaceutical company, has priced its IPO of 13.125 million shares at $16 per share. Trading begins today on Nasdaq under the symbol 'ALMS'. The offering is expected to close on July 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 7:31 am

NXL

Nexalin Technology, Inc. (NASDAQ:NXL) has announced a public offering of 3 million shares at $1.75 per share, raising approximately $5.25 million before fees and expenses. The offering is expected to close on July 1, 2024, with Maxim Group LLC acting as the sole placement agent.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 7:23 am

LSH

Lakeside Holding Limited announces its $6.75 million IPO at $4.50 per share, with shares starting to trade on Nasdaq under the ticker 'LSH' on June 28, 2024. The offering is expected to close around July 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 7:21 am

LB

LandBridge Company LLC has priced its IPO at $17 per share and will begin trading on the NYSE under the ticker symbol 'LB' on June 28, 2024. The company expects to raise approximately $236.1 million from the offering and a concurrent private placement, with potential to increase to $270.9 million if underwriters exercise their option to purchase additional shares.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 7:18 am

RNLX

Renalytix plc (NASDAQ:RNLX) has submitted a hearing request to the Nasdaq Hearings Panel to stay the suspension of its securities. The company plans to present a strategic plan to regain compliance with Nasdaq listing requirements. The outcome is uncertain, and delisting could impact the stock price and capital-raising ability.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 7:07 am

BTCUSD

GLD

Tidal Investments and Quantify Chaos Advisors have filed a prospectus for the STKD Bitcoin & Gold ETF, which aims to offer leveraged exposure to both Bitcoin and gold through futures and ETFs. This new ETF seeks to provide a more stable investment path by mitigating short-term market volatility.

Portfolio Pulse from Aniket Verma

June 28, 2024 | 6:38 am

CRWS

INFN

KRUS

NKE

NOK

Key stocks to watch on Friday include Crown Crafts, Nokia, Infinera, Nike, and Kura Sushi. Crown Crafts is set to release earnings, Nokia plans to acquire Infinera, Nike reported mixed Q4 results, and Kura Sushi issued soft guidance.

Portfolio Pulse from Avi Kapoor

June 28, 2024 | 6:25 am