Streetbeat News

Assets

WTW

WTW is selling TRANZACT for $632.4 million to sharpen its strategic focus and simplify its portfolio. The transaction is expected to be completed by the end of 2024 and aims to accelerate free cash flow margin expansion.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 1:10 pm

DELL

Dell Technologies has filed for a two-part senior notes offering, though the size of the offering has not been disclosed. This move is likely aimed at raising capital for corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 12:51 pm

BTCUSD

A crypto trader, Doctor Profit, predicts Bitcoin could reach $586,500 by 2028, citing factors like M2 money supply growth and black-market inflows. Despite potential market corrections, the trader sees a long-term upward trend for Bitcoin.

Portfolio Pulse from Khyathi Dalal

October 01, 2024 | 12:49 pm

EVOK

Evoke Pharma received $3 million from existing warrants, with proceeds to support working capital and GIMOTI commercialization. Nantahala will nominate two board seats.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 12:39 pm

STNG

Scorpio Tankers has announced a $73.5 million agreement to sell one of its vessels. This move is part of the company's strategy to optimize its fleet and improve financial flexibility.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 12:33 pm

SLE

Infinite Reality (iR) plans to acquire a 75% stake in Super League Enterprise, Inc. (NASDAQ:SLE) through a strategic investment involving a share exchange, capital commitment, and asset transfer. This move aims to enhance SLE's capabilities, audience, and revenue growth.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 12:06 pm

ETHA

IBIT

BlackRock's Ethereum ETF (ETHA) is underperforming compared to its Bitcoin ETF (IBIT), with ETHA reaching $1 billion AUM in a month, while IBIT has $24 billion. The difference is attributed to Bitcoin's more established investment narrative. Despite slower uptake, ETHA's start is considered good.

Portfolio Pulse from Murtuza Merchant

October 01, 2024 | 12:05 pm

NMG

Nouveau Monde Graphite has reported the payment of accrued interests related to a previously announced private placement. This financial update is part of their ongoing capital management strategy.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 11:27 am

BITF

Bitfarms is on track to achieve 21 EH/s in the coming months and plans to double its operating capacity by 2025, with nearly 50% of its pro forma power capacity based in the US.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 11:02 am

GFL

GFL Environmental has priced $210 million in bonds through the Florida Development Finance Corporation to finance or refinance solid waste disposal facilities in Florida. The bonds are unsecured and guaranteed by GFL and certain subsidiaries.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 10:49 am