Streetbeat News

Assets

BITB

OBTC

Osprey Funds and Bitwise Asset Management have announced that the Bitwise Bitcoin ETF will acquire the assets of the Osprey Bitcoin Trust. OBTC unitholders will receive BITB shares as part of a liquidating distribution.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 12:11 pm

GDHG

Golden Heaven Group Holdings has been granted land use rights for a 26,000 square meter plot in the Yunhe Sanwan Scenic Spot. This development could potentially enhance their business operations and growth prospects.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 12:04 pm

BUSE

CFB

First Busey Corporation and CrossFirst Bankshares have announced a merger agreement where CrossFirst will merge into Busey in an all-stock transaction valued at $916.8 million. The combined entity will have around $20 billion in assets, $17 billion in deposits, and $13 billion in wealth management assets.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 12:04 pm

PM

Swedish Match, a subsidiary of Philip Morris International (PMI), is investing $232 million to expand its Kentucky facility, creating 450 jobs and boosting smoke-free product production. This expansion aligns with PMI's mission to promote smoke-free alternatives and is expected to generate an additional $277 million annually in regional economic impact.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 11:36 am

ETHE

IBIT

Bitcoin ETFs have seen significant net inflows of $18.08 billion, while Ethereum ETFs have experienced net outflows of $477.88 million. This indicates a strong preference for Bitcoin among institutional investors. BlackRock's Bitcoin ETF has been a major contributor to these inflows, whereas Grayscale's Ethereum ETF has led the outflows.

Portfolio Pulse from Murtuza Merchant

August 27, 2024 | 11:24 am

LZM

Lifezone Metals has started the risk insurance process with the U.S. Development Finance Corporation for its nickel project in Tanzania. This move is aimed at mitigating potential risks associated with the project.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 11:06 am

PLYM

Plymouth REIT has partnered with Sixth Street to secure $500 million for growth, focusing on acquisitions and joint ventures. Sixth Street will invest $250 million in a joint venture for Plymouth's Chicago portfolio, with Plymouth retaining 35% ownership. The transaction is leverage-neutral, and Plymouth maintains its 2024 Core FFO guidance.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 11:03 am

BITF

Bitfarms Ltd. has secured its first mega-site in the U.S. with a new data center in Sharon, Pennsylvania, which will have a capacity of 120 MW by 2025. The company has closed on 110 MW, with 30 MW expected to be operational by the end of 2024.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 11:03 am

CTRN

Citi Trends projects flat to low-single digit growth in comparable store sales for the second half of 2024 compared to 2023. Total sales are expected to decline due to a 53rd week in the previous year and store closures. The company plans to close 10-15 underperforming stores and expects a year-end cash balance of $60-70 million.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 10:53 am

EVTV

Envirotech Vehicles shares rose following the announcement of a $10 million Purchase Order financing line from GOBA Capital Inc.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 10:37 am