Streetbeat News

Assets

SINT

SINTX Technologies has completed a series of strategic initiatives aimed at optimizing its financials. These include raising capital through an ATM offering, reducing operating expenses by over 50%, and negotiating lease obligations. The company expects these measures to extend its cash runway well into 2025.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 12:03 pm

GCI

Gannett plans to repay approximately $13 million of its five-year senior secured term loan facility through the sale of real estate and non-strategic assets, totaling around $13 million.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 12:03 pm

HLT

Hilton's indirect subsidiary plans to offer $1 billion in senior notes due in 2033. This move is likely aimed at raising capital for corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 11:48 am

LODE

YPF

Two energy stocks, YPF SA and Comstock Inc, are currently overbought according to RSI indicators. YPF has announced a cash tender offer for up to $500 million in securities, while Comstock reported quarterly losses that missed estimates. Both stocks have seen significant price increases recently.

Portfolio Pulse from Avi Kapoor

September 05, 2024 | 11:43 am

CNOB

FLIC

ConnectOne Bancorp is set to merge with First Of Long Island Corporation in a deal valued at $284 million. First of Long Island shareholders will receive 0.5175 shares of ConnectOne for each of their shares. The merged entity will operate under the ConnectOne brand with $14 billion in assets.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 11:24 am

VRNS

Varonis Systems plans to offer $350 million of convertible senior notes due 2029 in a private offering. This move is likely aimed at raising capital for corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 11:22 am

JBLU

JetBlue plans to maintain flat year-over-year capacity growth in 2025, focusing on A220 deliveries which offer more premium seats and lower costs compared to the E190s being phased out by the end of 2025.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 11:17 am

TALO

Talos Energy announced a successful oil and gas discovery at its Ewing Bank 953 well and participation in the Sebastian prospect in the Gulf of Mexico. The EW 953 well has an estimated resource potential of 15-25 MMBoe, with production expected by mid-2026. The Sebastian prospect, currently drilling, targets a potential of 9-16 MMBoe, with results expected by late 2024.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 10:59 am

AFMD

Affimed reported having €34.4 million in cash, cash equivalents, and investments as of June 30, 2024. The company projects its cash runway to extend into the second half of 2025 based on its current operating and financial plans.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 10:36 am

FYBR

VZ

Verizon Communications has agreed to acquire Frontier Communications in an all-cash transaction valued at $20 billion, or $38.50 per share. This acquisition will integrate Frontier's fiber network into Verizon's portfolio, enhancing its Fios offering.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 10:02 am