Streetbeat News

Assets

TCRX

TScan Therapeutics has reported that its cash, cash equivalents, and marketable securities total $297.7 million, which will fund its operations into the fourth quarter of 2026.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 11:21 am

JBLU

JetBlue shares are trading lower following the announcement of a $400 million convertible senior notes offering.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 11:18 am

JBLU

JetBlue Airways shares are trading lower after the company announced a $400 million convertible senior notes offering.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 11:17 am

GFI

OBNNF

Gold Fields (NYSE:GFI) is acquiring Osisko Mining (OTC:OBNNF) for $1.57 billion in cash, securing full ownership of the Windfall Project in Quebec. The acquisition aligns with Gold Fields' strategy to improve its portfolio with high-quality, long-life assets. The deal is subject to shareholder and regulatory approvals.

Portfolio Pulse from Stjepan Kalinic

August 12, 2024 | 11:12 am

JBLU

JetBlue Airways Corporation (NASDAQ:JBLU) announced a $400 million convertible senior notes offering due 2029, with an option for an additional $60 million. The proceeds will be used to repurchase existing 0.50% senior convertible notes due 2026 and for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 11:11 am

FRG

RILY

B. Riley Financial (RILY) anticipates a preliminary Q2 net loss of $435M-$475M, primarily due to non-cash losses related to its investment in Franchise Group, Inc. (FRG) and a loan receivable from Vintage Capital, which is collateralized by equity interests in FRG.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 11:10 am

LAZ

Lazard, Inc. (NYSE:LAZ) reported preliminary assets under management (AUM) of $246.1 billion for July 2024, up from $244.7 billion in June 2024. The increase includes net outflows of $3.6 billion, market appreciation of $3.5 billion, and foreign exchange appreciation of $1.5 billion.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 10:57 am

SCPH

scPharmaceuticals announced non-dilutive financings totaling up to $125 million from Perceptive Advisors. The company received $75 million through a combination of debt and royalty financings at close, with access to an additional $50 million. The term loan refinances existing debt principal, lowers the coupon, extends the interest-only period for four additional years, and lowers the minimum cash requirement to $5 million.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 10:08 am

GOLD

Barrick Gold has reaffirmed its capital expenditure for the fiscal year 2024, which is expected to be between $2.5 billion and $2.9 billion.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 10:05 am

ATUS

Altice has announced the sale of a 25% stake in BT Group to Bharti Global. This move is part of Altice's strategy to streamline its operations and focus on its core markets.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 9:34 am