Streetbeat News

Assets

KKR

KKR has completed the sale of over 5 million square feet of industrial warehouse and distribution properties for over $560M. The assets primarily belong to KKR's Real Estate Partners Americas II Fund.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 11:16 am

SABS

SABSW

SAB Biotherapeutics has announced that it has received funding to support the clinical advancement of SAB-142, a potential disease-modifying treatment. The company did not disclose the amount of funding or the source.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 11:16 am

SABS

SAB Biotherapeutics (NASDAQ:SABS) plans to raise up to $130 million through a private placement of preferred stock. The proceeds will fund the company through 2026 and advance the development of SAB-142, its lead therapeutic candidate for type 1 diabetes. The transaction is led by RA Capital Management, with participation from several other investors.

Portfolio Pulse from Vandana Singh

October 02, 2023 | 11:15 am

BAESF

BAESY

BAE Systems has secured £3.95 billion in funding for the next phase of the SSN-AUKUS project, the U.K.'s next-generation nuclear-powered attack submarine program. The funding will facilitate the detailed design phase, procurement of essential components, and generate employment for over 5,000 individuals. BAE Systems’ Submarines business plays a vital role in the U.K. economy, particularly in the north west of England.

Portfolio Pulse from Akanksha Bakshi

October 02, 2023 | 10:56 am

TRX

TRX Gold has announced the arrival of a new 1,000-ton-per-day capacity ball mill at the Buckreef Gold Project. The company expects commercial production delivery to begin in the second half of fiscal year 2024.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 10:43 am

TT

Trane Technologies (NYSE:TT) has announced a definitive agreement to acquire Nuvolo, a global leader in cloud-based connected workplace and enterprise asset management products. The acquisition will combine the companies' complementary capabilities, technology, offerings, and customer bases across shared key verticals such as healthcare, life sciences, retail, public sector, and education.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 10:32 am

AULT

Ault Alliance, Inc. (NYSE:AULT) has listed its St. Petersburg, Florida multifamily development site for sale at an asking price of $20M. The decision to sell is driven by the company's desire to focus on its core businesses and the current macroeconomic climate. The proceeds from the sale will be used to pay off debt and invest more in its core businesses.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 10:31 am

USO

The UAE Energy Minister stated at ADIPEC that appropriate investments are necessary to ensure correct pricing at the pump. This statement could influence the oil market and related ETFs such as USO.

Portfolio Pulse from Charles Gross

October 02, 2023 | 10:29 am

MFIN

Medallion Financial Corp. has completed a private placement of $39 million of senior notes. The proceeds will be used for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 10:11 am

USO

According to a Reuters survey, OPEC's oil output in September increased by 120,000 barrels per day (B/D) compared to August, reaching 27.73 million B/D. This rise is attributed to higher output from Nigeria and Iran.

Portfolio Pulse from Charles Gross

October 02, 2023 | 10:03 am