Streetbeat News

Assets

RILY

B. Riley Financial is negotiating the sale of a majority stake in Great American Group at a $380 million enterprise value and is financing its brands portfolio for $236 million. The company expects to receive approximately $410 million in gross cash proceeds from these transactions.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 11:05 am

MBX

MBX Biosciences, a clinical-stage biopharmaceutical company, plans to launch an IPO of 8.50 million shares priced between $14 and $16 per share. The company will list on the Nasdaq under the symbol 'MBX' and use the proceeds for development of its clinical and preclinical programs.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 10:38 am

BNL

Broadstone Net Lease (BNL) has announced a $453.7 million development funding pipeline, which is expected to provide accretive growth starting in 2025 and beyond. This strategic move is aimed at enhancing the company's growth prospects.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 10:34 am

ACON

Aclarion has filed for a mixed shelf offering of up to $50 million, which allows the company to issue various types of securities over time. This move provides Aclarion with flexibility to raise capital as needed.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 10:05 am

CTGO

Contango ORE, Inc. has commenced its second campaign of gold ore processing at the Kinross Fort Knox mill in Alaska. The company has also received a key permit for infrastructure development and is advancing its Johnson Tract project with a new economic assessment and ongoing drilling.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 9:05 am

BIG

Big Lots, Inc. (NYSE:BIG) has filed for Chapter 11 bankruptcy and agreed to sell its assets to Nexus Capital Management. The company aims to continue operations during the process and has secured $707.5 million in financing. The economic climate, marked by high inflation and interest rates, has pressured Big Lots, leading to this decision.

Portfolio Pulse from Shanthi Rexaline

September 09, 2024 | 7:01 am

MEOH

Methanex is set to acquire OCI Global's methanol business for $2.05 billion, enhancing its North American operations. The acquisition aligns with Methanex's strategic goals and is expected to boost free cash flow per share immediately. OCI will retain a 13% ownership stake post-acquisition.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 6:53 am

BTCUSD

ETHUSD

Cryptocurrency markets are experiencing a downturn with significant outflows from Bitcoin and Ethereum ETFs. Bitcoin has fallen below $53,000, and Ethereum is also down. Notable statistics include a drop in large transaction volumes and high liquidation levels. Analysts suggest the current market decline may be temporary.

Portfolio Pulse from Khyathi Dalal

September 06, 2024 | 9:09 pm

HQY

HealthEquity has filed a mixed shelf registration with the SEC, allowing it to offer various securities in the future. The size of the offering has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 8:12 pm

DSS

DSS has filed for a mixed shelf offering of up to $10 million, according to an SEC filing. This move allows the company to raise capital through the sale of various securities, which could include common stock, preferred stock, debt securities, or warrants.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 8:09 pm