Streetbeat News

Assets

LYFT

Lyft has announced a restructuring plan that includes the disposal of certain assets related to its bikes and scooters operations and the termination of approximately 1% of its employees.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 11:44 am

SLQT

SelectQuote is expanding its operations by opening a third fulfillment facility in Olathe, Kansas, to accommodate its growing customer base. This new facility will complement its existing ones in Monaca, Pennsylvania, and Indianapolis, Indiana.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 11:36 am

NTRB

Nutriband reported cash reserves of $6.75 million as of July 31, 2024, which will support the development and commercialization of their AVERSA Fentanyl product.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 11:08 am

KIM

Kimco Realty has increased its unsecured term loan from $500 million to $550 million, indicating a strategic financial move to enhance liquidity or fund potential investments.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 10:51 am

WWR

Westwater Resources has announced a term sheet and exclusivity agreement with a global financial institution for a $150 million secured debt facility. This funding will be used to complete Phase I of the Kellyton Plant construction.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 10:47 am

WISA

WiSA Technologies, Inc. (NASDAQ:WISA) shares surged premarket after announcing a $210 million acquisition of Datavault's intellectual property and IT assets. The deal involves $200 million in restricted stock and a $10 million promissory note. The acquisition aims to enhance WiSA's offerings in Web 3.0 and blockchain data monetization. The transaction is expected to close by December 31, 2024, pending approvals.

Portfolio Pulse from Lekha Gupta

September 04, 2024 | 10:45 am

DGHI

Digihost reported a 50% increase in its cash and crypto holdings, totaling $10.4 million as of August 31, 2024. This includes cash, Bitcoin, and cash deposits.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 10:06 am

GNL

Global Net Lease has announced the sale of two properties: The Plant Shopping Center in San Jose, California for $95 million and the Foster Wheeler office property in Shinfield Park, Reading, UK for over $27 million.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 10:02 am

BFST

Business First Bancshares' merger with Oakwood Bancshares has been approved, expanding b1BANK's presence in Texas with five new branches. The merger will increase b1BANK's assets to $7.6 billion and is expected to complete by October 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 7:26 am

STWD

Starwood Property Trust has announced a public offering of 17.5 million common shares, aiming to raise $345.1 million. The proceeds will be used for originating and purchasing commercial mortgage loans, other investments, and potentially repaying outstanding debts.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 6:39 am