Streetbeat News

Acquisitions Mergers

BLK

BlackRock Inc. is reportedly exploring the purchase of HPS Investment Partners, which would enhance its position in the private-credit market.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 7:27 pm

CBSTF

CRLBF

Cresco Labs CEO Charlie Bachtell discusses the challenges and strategies in the cannabis industry, emphasizing the need for efficiency and adaptability. Cresco Labs is focusing on its core business and preparing for potential regulatory shifts in states like Florida, Ohio, and Pennsylvania.

Portfolio Pulse from Jelena Martinovic

October 09, 2024 | 7:05 pm

FFIE

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) shares rose by 11.5% after the company received a 10% stake in Grow Fandor, previously held by its founder YT Jia. This move indicates potential collaborations between the two companies.

Portfolio Pulse from Dylan Berman

October 09, 2024 | 5:41 pm

SKYX

SKYX Technologies announced a $11M preferred stock investment, including $500K from President Steve Schmidt. The company aims to be cash flow positive by 2025, with Q2 2024 sales of $21.4M. SKYX is pursuing strategic collaborations to enhance growth opportunities.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 3:56 pm

RJF

JMP Securities upgraded Raymond James Financial (NYSE:RJF) from Market Perform to Market Outperform with a $146 price target, citing increased investment banking presence and potential M&A opportunities. RJF shares rose 2.68% to $128.25, nearing a 52-week high.

Portfolio Pulse from Erica Kollmann

October 09, 2024 | 3:39 pm

IKT

Inhibikase Therapeutics (IKT) stock surged 31.1% after announcing a $110 million private placement financing to support a Phase 2b trial for pulmonary arterial hypertension and general corporate needs. The deal, led by Soleus Capital, involves new board members and is set to close on October 21.

Portfolio Pulse from Henry Khederian

October 09, 2024 | 3:08 pm

FBGL

FBS Global Limited is set to IPO on NASDAQ under the ticker FBGL on October 10, with shares priced between $4.50 and $5.00. The company specializes in green building and interior fit-out projects.

Portfolio Pulse from Benzinga Insights

October 09, 2024 | 3:00 pm

WSR

Whitestone REIT shares rise as MCB Real Estate raises its acquisition offer to $15.00 per share in cash, pending board review.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 2:55 pm

TBNK

Blue Hill Advisors has reiterated its $12.50 per share cash offer for Territorial Bancorp, urging shareholders to oppose the proposed merger with Hope. Blue Hill claims the merger represents the second lowest valuation for a bank merger since 1983 and has released an updated presentation as the Territorial board continues to reject their superior proposal.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 2:38 pm

ALTM

CHWY

GTLB

NCLH

U.S. stocks rose on Wednesday, with notable gains from Arcadium Lithium, MicroCloud Hologram, Helen of Troy, Astera Labs, and others. Arcadium Lithium surged 30.5% after announcing its acquisition by Rio Tinto. Norwegian Cruise Line and GitLab also saw significant gains following analyst upgrades.

Portfolio Pulse from Avi Kapoor

October 09, 2024 | 2:38 pm