Streetbeat News

Assets

EC

Ecopetrol S.A. announced the results of its cash tender offer to purchase all outstanding 5.375% Notes due 2026. The offer expired on October 16, 2024, and all conditions, including pricing and closing of concurrent notes offering, were satisfied.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 1:36 pm

GDX

GDXJ

OUNZ

UGL

Gold prices are nearing $3,000 per ounce, driven by foreign central banks diversifying away from the U.S. dollar. Economist Mohamed El-Erian highlights the potential risks to U.S. economic influence and national security. Gold ETFs like GDX, GDXJ, and UGL are trading higher, reflecting this trend.

Portfolio Pulse from Benzinga Neuro

October 21, 2024 | 1:11 pm

LQR

David Lazar has expressed concerns that the NFT platform RareSips does not align with the vision of LQR House. He believes that the platform's operations consume resources that could be better utilized elsewhere.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 12:54 pm

PEGY

Pineapple Energy has entered into an at-the-market offering agreement with Roth Capital Partners, allowing the sale of shares up to $10 million. This move provides Pineapple Energy with flexibility in raising capital.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 12:08 pm

ONIT

Onity Group Inc. (NYSE:ONIT) plans a $475M Senior Notes offering to redeem outstanding debt. The proceeds will be used to redeem PHH Mortgage's 7.875% Senior Notes due 2026 and Onity's 12.00%/13.25% Senior Second Lien Notes due 2027.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 11:13 am

EXK

Endeavour Silver Corp. (NYSE:EXK) reports 77% completion of its Terronera Project in Mexico, with $258M spent. Key developments include nearing completion of the Upper Plant Platform and significant progress on the Lower Platform and Tailing Storage Facility. The project is on track for system commissioning by the end of Q4 2024.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 10:55 am

MOS

Mosaic Company (NYSE:MOS) reports recovery from recent hurricanes affecting its Florida operations and addresses a $30M risk due to a key customer's bankruptcy. Most operations have resumed, and the company expects to recover the majority of the outstanding balance through credit insurance.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 10:35 am

AUB

SASR

Atlantic Union Bankshares Corporation (NYSE:AUB) is set to acquire Sandy Spring Bancorp (NASDAQ:SASR) in a $1.6 billion all-stock merger, creating the largest regional bank in the lower Mid-Atlantic. The merger will enhance their presence in Northern Virginia and Maryland, with combined assets of $39.2 billion.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 10:05 am

JKS

JinkoSolar plans to reduce its stake in its subsidiary Jiangxi Jinko to 53.26% through a GDR offering on the Frankfurt Stock Exchange, potentially raising RMB 4.5 billion. The proceeds will fund projects in the U.S. and China, subject to regulatory approvals.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 10:03 am

DRUG

Bright Minds Biosciences Inc. announced a non-brokered private placement to raise up to $35 million through the sale of common shares and pre-funded warrants. The funds will be used for drug development and general working capital.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 9:14 am