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CAPR

Capricor Therapeutics has announced an upfront payment and investment that extends its cash runway into 2026, providing financial stability and potential for growth.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 1:05 pm

SKYH

Sky Harbour Group shares are trading lower following the announcement of a securities purchase agreement, which will generate net proceeds of $31.8 million and an additional $63 million by December 2024.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 1:03 pm

CLSK

CleanSpark Inc. has acquired two Bitcoin mining sites in Mississippi for $5.775 million, adding 16.5 MW to its capacity. The sites will be operational by December 2024, increasing CleanSpark's data center portfolio in Mississippi to 60.5 MW.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 1:03 pm

CNTM

ConnectM Technology Solutions, Inc. (NASDAQ:CNTM) has successfully converted $7.5 million of its debt into equity, reducing its annual interest expense by $1.8 million. This move is part of a larger plan to convert up to $15 million of debt, aiming to improve the company's balance sheet and increase shareholder value.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 12:32 pm

SKYH

Sky Harbour Group Corporation (NYSE:SKYH) has announced a securities purchase agreement to issue 3,352,106 PIPE shares for net proceeds of $31.8 million, with potential additional proceeds of $63 million by December 2024. The funds will support the expansion of aviation infrastructure, including the development of 6-7 new airport campuses.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 12:16 pm

PX

P10 has announced an agreement to acquire Qualitas Funds for $63 million, marking its entry into the European market with $1 billion in fee-paying assets under management and over 1,300 limited partners. The acquisition is expected to be accretive to ANI per share by 2025.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 12:05 pm

BFI

BurgerFi's stock is rising following interim approval for $3.5 million in financing to aid its restructuring efforts across 144 locations.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 11:53 am

CENX

Century Aluminum announced the resumption of normal shipping operations at Jamalco's Rocky Point Port. However, in Iceland, power curtailments for maintenance will reduce production at the Grundartangi smelter by 2,500 MT in Q3.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 11:42 am

MMSI

Merit Medical has signed a definitive agreement to acquire Cook Medical's Lead Management portfolio for $210 million. The transaction will be funded through cash and borrowings, with an expected closing in Q4 2024.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 11:06 am

SITC

SITE Centers has sold 13 properties for $714.3M and used part of the proceeds to repay $159M of its mortgage facility. The company also acquired six shopping centers for $111.2M. Curbline, a spin-off, will be capitalized with $600M cash and a $400M line of credit.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 11:00 am