Streetbeat News

Assets

VERO

Venus Concept has announced a $15 million debt-to-equity exchange transaction, reducing its total debt obligations to approximately $34.6 million.

Portfolio Pulse from Nabaparna Bhattacharya

September 27, 2024 | 11:40 am

XAIR

Beyond Air has announced a $20.6 million private placement offering of 40.39 million shares of its common stock. This financing is expected to strengthen the company's balance sheet and provide sufficient cash runway through June 2026.

Portfolio Pulse from Nabaparna Bhattacharya

September 27, 2024 | 11:34 am

AHH

CMCT

LRHC

The article highlights three oversold real estate stocks with potential for short-term gains: Armada Hoffler Properties (AHH), La Rosa Holdings (LRHC), and Creative Media & Community Trust Corp (CMCT). These stocks have low RSI values, indicating they may be undervalued.

Portfolio Pulse from Avi Kapoor

September 27, 2024 | 11:17 am

VEON

VEON Holdings B.V. notes due November 2027 are expected to be included in the J.P. Morgan EM Corporate Indices by the end of September 2024. This inclusion could enhance the visibility and attractiveness of VEON's debt instruments to investors.

Portfolio Pulse from Nabaparna Bhattacharya

September 27, 2024 | 9:19 am

CEE

The Central and Eastern Europe Fund, Inc. (NYSE:CEE) has successfully sold some Russian assets, boosting its NAV amid ongoing sanctions. The Fund continues to monitor opportunities for further sales, but future transactions are uncertain due to regulatory constraints and potential expropriation risks.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2024 | 7:11 am

CION

CION Investment Corporation plans to pay down debt using proceeds from a $150 million unsecured notes offering. The notes, due 2029, will bear interest at 7.50% and are expected to be listed on the NYSE under the symbol 'CICB'.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2024 | 7:08 am

KTTA

Pasithea Therapeutics Corp. (NASDAQ:KTTA) announced a $5 million private placement to fund next-gen cancer treatments. The offering includes 1.2 million shares at $4.10 each, with accompanying warrants. Proceeds will support working capital and corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2024 | 7:03 am

TOVX

Theriva Biologics announced a $2.5 million public offering, pricing shares and warrants at $1.75 each. The company aims to address unmet cancer needs with this funding.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2024 | 6:55 am

PGY

Pagaya Technologies LTD. (NASDAQ:PGY) announced an upsized $140 million exchangeable senior notes offering, increased from $125 million due to strong demand. The proceeds will be used to repay higher-cost debt and for general corporate purposes. The notes, due 2029, have a 6.125% interest rate and are exchangeable into Pagaya's Class A shares.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2024 | 6:52 am

NVNO

enVVeno Medical Corporation (NASDAQ:NVNO) announced a $15 million public offering of 4.3 million shares at $3.50 per share. The funds will be used for the development of VenoValve and enVVe products.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2024 | 6:49 am