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Assets

SLNH

Soluna Holdings, Inc. has signed term sheets for Project Rosa, a new 187 MW data center co-located with a 240 MW wind farm in Texas, enhancing its capacity for AI and Bitcoin mining using renewable energy.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 12:15 pm

MNTS

Momentus Inc. has announced a $2.75 million private placement with a U.S. institutional investor, involving the sale of 5 million shares at $0.55 each. The deal includes Class A and B Common Warrants for additional shares, with specific exercise prices and expiration dates.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 12:04 pm

BTCUSD

ETHUSD

SOLUSD

Despite $436 million in net ETF inflows last week, Bitcoin's price dipped below $59,000, influenced by market expectations of a potential Federal Reserve interest rate cut. Ethereum saw continued outflows, while Solana experienced inflows, indicating shifting investor preferences.

Portfolio Pulse from Murtuza Merchant

September 16, 2024 | 11:48 am

LH

OPK

Labcorp has completed the acquisition of select assets from Opko Health's BioReference Health for $237.5 million. The acquisition includes laboratory testing businesses focused on clinical diagnostics and reproductive and women's health, generating approximately $100 million in annual revenue.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 11:38 am

RCL

Royal Caribbean Cruises is offering $1 billion in senior unsecured notes due 2031 to redeem and repay existing debt, including 7.250% Senior Notes due 2030 and obligations under the Silver Dawn finance lease.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 11:31 am

UPST

Upstart Holdings plans to offer $300 million of convertible senior notes due 2029 in a private offering. This move is likely aimed at raising capital for growth or operational needs.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 10:51 am

ARES

Ares Management Corporation has closed its largest U.S. real estate fund, raising $3.3 billion for opportunistic investments. This fund, AREOF IV, focuses on distressed assets and special situations, marking a significant increase from its predecessor.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 10:35 am

ASIX

AdvanSix has received a $12 million grant from the U.S. Department of Agriculture to support its SUSTAIN initiative, aimed at expanding ammonium sulfate fertilizer production in Hopewell, VA.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 10:32 am

APO

BP

BP has sold a $1 billion non-controlling stake in its Trans Adriatic Pipeline subsidiary to Apollo, while retaining control. The deal aligns with BP's strategy to focus on gas and low-carbon projects, and contributes to its divestment targets. BP and Apollo plan to explore further investment opportunities together.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 10:16 am

AA

Alcoa has agreed to sell its 25.1% stake in a joint venture with Ma'aden for $1.1 billion, including $950 million in Ma'aden shares. This transaction will simplify Alcoa's portfolio in Saudi Arabia and provide greater financial flexibility.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 6:52 am