Streetbeat News

Assets

PCT

Sylebra Capital has increased its stake in PureCycle Technologies by purchasing 6.76 million shares at an average price of $3.33 per share, totaling approximately $22.53 million.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 2:58 pm

KAPA

Kairos Pharma has priced its IPO at $4.00 per share, raising $6.2 million. The company will trade on the NYSE American under the symbol 'KAPA' starting September 16, 2024. The funds will support clinical trials for lung and prostate cancer, as well as preclinical candidates.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 2:50 pm

UPST

Upstart shares declined following the announcement of a $300 million convertible senior notes offering due in 2029.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 1:19 pm

ETHUSD

An Ether (ETH) investor turned an $87,006 investment into $38 million over eight years, highlighting the potential of long-term holding strategies in the volatile crypto market. Despite selling some ETH for significant gains, the investor still holds a substantial amount. The story contrasts with other trading strategies, including a failed Bitcoin bet by James Fickel, which resulted in significant debt.

Portfolio Pulse from Murtuza Merchant

September 16, 2024 | 1:16 pm

CMCT

Creative Media & Community Trust (CMCT) has explored the sale of several high-quality assets to improve its common equity ratio. This move is aimed at strengthening its financial position.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 12:58 pm

CMCT

CMCT is taking steps to strengthen its balance sheet and improve liquidity by shifting focus from office to premier multifamily assets. The company plans refinancing and preferred stock redemptions, and declared a $0.04 per share quarterly dividend payable in common stock.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 12:58 pm

SCHW

Charles Schwab reported an increase in core net new assets to $32.8 billion for the month, with total client assets growing 20% year-over-year to $9.74 trillion.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 12:47 pm

GAIN

Gladstone Investment Corporation has sold its portfolio company, Nth Degree, to Shamrock Capital, realizing a significant capital gain. Gladstone initially acquired Nth Degree in 2015, sold a majority stake in 2019, and reinvested in 2023 to support Nth Degree's acquisition of Fern Exposition Services.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 12:45 pm

DMLP

Dorchester Minerals, L.P. (NASDAQ-DMLP) announced agreements to acquire mineral, royalty, and overriding royalty interests in New Mexico and Texas, covering 14,529 net royalty acres. The acquisition involves a non-taxable contribution and exchange agreement, with closing expected on September 30, 2024.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 12:42 pm

ACI

KR

Kroger has extended the expiration date for its exchange offers and consent solicitations related to Albertsons Companies notes until September 23, 2024. This involves exchanging Albertsons' outstanding notes for new Kroger notes and cash.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 12:40 pm