Streetbeat News

Assets

UBS

UBS Asset Management has agreed to transfer its Quantitative Investment Strategies (QIS) business, with approximately USD 1.5 billion in assets under management, to Manteio Partners. The transaction is expected to close in Q4 2024, subject to regulatory and investor approvals.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 2:47 pm

LASE

Laser Photonics Corporation (NASDAQ:LASE) has announced a $3 million private placement with institutional investors. The funds will be used for working capital and general corporate purposes. The placement involves issuing 1,500,000 units and pre-funded units, each consisting of one share of common stock (or one pre-funded warrant) and one common warrant, exercisable at $4.34 per share. The closing is expected around August 19, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 1:08 pm

ETHE

FBTC

FETH

GBTC

Bitcoin spot ETFs saw modest inflows of $11.1 million on Aug. 15, while Grayscale Bitcoin Trust experienced $25 million in outflows. Fidelity's Bitcoin ETF attracted $16.2 million, and Grayscale's mini Bitcoin ETF saw $13.6 million in inflows. Ethereum spot ETFs faced net outflows of $39.2 million, with Grayscale Ethereum Trust seeing $42.5 million in outflows. Negative funding rates in Bitcoin futures signal bearish sentiment.

Portfolio Pulse from Murtuza Merchant

August 16, 2024 | 12:18 pm

AVTR

Avantor has agreed to sell its Clinical Services business, including kitting, biorepository, and related equipment and ancillaries, to Audax Private Equity for approximately $650 million.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 11:39 am

DGX

Quest Diagnostics (NYSE:DGX) has announced the pricing of a public offering of $1.85 billion in senior notes due 2027, 2029, and 2034. The notes include $400 million of 4.600% senior notes due 2027, $600 million of 4.625% senior notes due 2029, and $850 million of 5.000% senior notes due 2034.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 7:14 am

BTDR

Bitdeer Technologies Group (NASDAQ:BTDR) announced a $150 million convertible notes offering to fund datacenter expansion and ASIC-based mining rig development. The offering is expected to close on August 20, 2024, with net proceeds estimated at $144.5 million.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 6:52 am

FBTC

GS

IBIT

MS

Goldman Sachs made a significant debut in the cryptocurrency ETF market with $419 million in Bitcoin ETF holdings in Q2, while Morgan Stanley reduced its Bitcoin ETF holdings by $87 million. This indicates strong institutional confidence in Bitcoin, potentially influencing other investors and boosting Bitcoin prices.

Portfolio Pulse from Aniket Verma

August 16, 2024 | 6:19 am

BTCUSD

ETHUSD

Former President Donald Trump, who is running for a second term, holds between $1 million and $5 million in cryptocurrencies, mainly in Ethereum and PolitiFi tokens. His latest financial disclosure reveals a 900% increase in his crypto holdings. Trump has earned $7.15 million in licensing fees from his NFT venture and has shifted from being a crypto skeptic to a proponent, advocating for a national stockpile of Bitcoin and accepting crypto for campaign donations.

Portfolio Pulse from Aniket Verma

August 16, 2024 | 2:19 am

BXP

BXP has announced the sale of $850 million of 5.750% senior unsecured notes due 2035 in a public offering. This move is likely aimed at raising capital for future projects or refinancing existing debt.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 9:30 pm

ARMP

Armata Pharmaceuticals (NYSE:ARMP) has appointed David House as Senior Vice President of Finance and Principal Financial Officer, effective August 16th. Richard Rychlik will continue as Corporate Controller.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 8:46 pm