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Assets

NFE

New Fortress Energy Inc. (NASDAQ:NFE) has announced the completion of scheduled maintenance for its Fast LNG 1 asset in Altamira, Mexico. The asset has resumed production and is expected to reach full capacity later this month.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 1:19 pm

SOND

Sonder shares rose following a long-term licensing agreement with Marriott and securing $146 million in additional liquidity.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 1:11 pm

GBTC

The cryptocurrency market is experiencing volatility with Bitcoin and Ethereum prices down. Despite this, Bitcoin saw significant inflows, while Ethereum had modest inflows. Grayscale experienced outflows, indicating a shift in investor trust. Solana faced record outflows due to declining meme coin trading volumes.

Portfolio Pulse from Murtuza Merchant

August 19, 2024 | 12:35 pm

OXY

Occidental Petroleum (OXY) has achieved a $3 billion principal debt reduction in Q3 2024 and raised $700 million from a public offering of Western Midstream units. The company expects its total year-to-date debt reduction to surpass $3.8 billion after closing the Barilla Draw divestiture.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 12:02 pm

LDTC

LeddarTech Holdings Inc. (NASDAQ: LDTC) announced a financing agreement with principal shareholders and senior lender for up to $9 million in bridge loans. FS Investors and Investissement Québec have the option to convert their loans into common shares at a premium price. Additionally, FS will convert $1.5 million of existing convertible notes into shares at $2.00 per share.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 12:01 pm

AMZN

XPER

Xperi shares are trading higher following the announcement of an $80 million asset sale agreement with Amazon.com services.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 11:56 am

GOOGL

META

NVDA

SPY

TSM

VOO

Nvidia Corp (NASDAQ:NVDA) has seen significant changes in hedge fund ownership, with Citadel and DE Shaw reducing their stakes, while Renaissance Technologies and Marshall Wace increased their investments. Nvidia's stock has gained close to 3% in the last 30 days. SoftBank Group Corp has shifted to Taiwan Semiconductor Manufacturing Co (NYSE:TSM) for AI chip production, and is exploring partnerships with Alphabet Inc (NASDAQ:GOOGL) (NASDAQ:GOOG) and Meta Platforms Inc (NASDAQ:META). Investors can gain exposure to Nvidia through Vanguard S&P 500 ETF (NYSE:VOO) and SPDR S&P 500 (NYSE:SPY).

Portfolio Pulse from Anusuya Lahiri

August 19, 2024 | 11:48 am

PROP

Prairie Operating Co. (NASDAQ:PROP) has secured $24 million from Watermill Capital Partners through the exercise of Series E B Warrants, simplifying its capital structure and enhancing its position for long-term growth.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 11:37 am

SOND

Sonder has secured approximately $146 million in additional liquidity, including a $43 million convertible preferred equity investment and $83 million from existing noteholders. This includes a $4 million financing funded on August 13, 2024, and a 30-month extension of the paid-in-kind feature of the Note Purchase Agreement. Other sources of liquidity total $20 million, in addition to a previously announced $16 million in financing.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 11:18 am

HUBC

HUB Security is in discussions to extend the maturity date of a $4M principal note originally due in August 2024. The company also completed a $3.3M private placement from non-U.S. investors in the form of convertible notes with a conversion price of $0.70 per share, along with warrants at an exercise price of $1.00 per share.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 11:13 am