Streetbeat News

Assets

W

Wayfair has announced a $700 million senior secured notes offering due in 2029. The proceeds will be used to repay existing convertible notes and for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 12:11 pm

HLNE

Hamilton Lane (NASDAQ:HLNE) has been added to the S&P MidCap 400, marking a significant growth milestone. The firm, with over $940 billion in assets under management, continues to expand its private markets investment solutions.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 11:18 am

BHP

LZM

Lifezone Metals and BHP have started project financing for the Kabanga Nickel Project in Tanzania, with support from the US DFC. This project aims to boost Tanzania's economy and contribute to the global energy transition.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 10:45 am

FTS

Fortis Inc. (NYSE:FTS) is increasing its stake in Caribbean Utilities Company, Ltd. (TSX:CUP) through a $51M standby commitment for a rights offering. This move could boost Fortis' ownership in CUC to 62% if no other subscribers participate. The capital raised will fund CUC's energy projects and system upgrades.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 10:07 am

RIO

UEC

Uranium Energy Corp (UEC) has entered into an agreement to acquire Rio Tinto's Wyoming assets for $175 million. The assets include the Sweetwater Plant and uranium mining projects with 175 million pounds of resources. The transaction is expected to close in Q4 2024.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 10:03 am

STSS

Sharps Technology has entered into definitive agreements with institutional investors for a secured bridge loan financing of approximately $3.5 million. This move is likely aimed at bolstering the company's financial position.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 10:01 am

SOLUSD

Anthony Scaramucci, CEO of SkyBridge Capital, has revealed a significant investment in Solana, predicting its major role in the tokenization revolution. He emphasized the potential of blockchain to reduce transaction verification costs, currently at $7 trillion annually. Solana is seen as a strong competitor to Ethereum, with advantages in transaction speed and cost.

Portfolio Pulse from Aniket Verma

September 23, 2024 | 4:31 am

GTII

MRMD

PLNH

SHWZ

VEXTF

Viridian Capital Advisors highlights the importance of considering hidden debt in cannabis company valuations. Companies like Planet 13 Holdings and MariMed saw valuation increases when hidden debts were factored in, while others like Schwazze and Green Thumb Industries showed minimal changes, indicating cleaner balance sheets.

Portfolio Pulse from Nicolás Jose Rodriguez

September 22, 2024 | 4:19 pm

BIL

GSY

NEAR

SHV

The Federal Reserve's recent 0.5% interest rate cut may lead investors to shift from money market funds to longer duration bonds. Money market fund assets decreased by $20.02 billion, with government and prime funds seeing significant outflows. ETFs like SHV, NEAR, BIL, and GSY saw slight gains, indicating a potential shift in investor preference.

Portfolio Pulse from Michael Juliano

September 20, 2024 | 8:10 pm