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Assets

VOXX

VOXX International shares are trading higher following the announcement of the sale of certain assets of its Domestic Accessories Group to Established.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 3:24 pm

AQN

Algonquin Power & Utilities Corp. (NYSE:AQN) shares dropped 10.4% after reporting mixed Q2 FY24 results, announcing the sale of its renewable energy business, and cutting its dividend by 40%. The company missed revenue expectations but exceeded EPS estimates. The sale of the renewable energy business is expected to close by Q1 2025, providing net cash proceeds of $1.6 billion.

Portfolio Pulse from Lekha Gupta

August 09, 2024 | 3:16 pm

WBUY

WEBUY GLOBAL shares are trading higher after the company announced a definitive agreement for senior convertible debt with an initial principal amount of $2 million, and up to an additional $4 million with an accredited institutional investor upon mutual agreement.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 2:49 pm

WBUY

Webuy Global Ltd. (NASDAQ:WBUY) has entered into a definitive agreement for senior convertible debt with an initial principal amount of $2 million, and up to an additional $4 million upon mutual agreement with an accredited institutional investor. The initial conversion price is $0.213 per share, and the notes bear zero interest with monthly payments in cash or stock.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 1:02 pm

AQN

LS Power has agreed to acquire the renewable energy business of Algonquin Power & Utilities Corp. (NYSE:AQN). The acquisition includes 44 operating assets with over 3,000 MW of generating capacity and an 8,000 MW pipeline of projects in development. No financial terms were disclosed.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 12:39 pm

BATT

LIT

US Strategic Metals (USSM) has secured a non-binding Letter of Interest from the Export-Import Bank of the United States (EXIM Bank) for a potential $400 million debt funding package for its Madison cobalt project in Missouri. This funding could significantly reduce the US's reliance on foreign cobalt sources, particularly from the Democratic Republic of Congo. The Madison project is one of the largest cobalt reserves in North America, with an estimated 72 million pounds of recoverable cobalt.

Portfolio Pulse from Stjepan Kalinic

August 09, 2024 | 10:58 am

ENSV

Enservco Corporation has announced the sale of its Colorado frac water heating business for $1.695 million, which includes $1.221 million in cash and a short-term note of $473,375.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 10:49 am

BTCUSD

Vice President Kamala Harris announced Minnesota Governor Tim Walz as her running mate, contrasting with Donald Trump's pick, J.D. Vance. Vance's wealth is significantly higher, with investments in various financial assets, while Walz's wealth is modest, primarily in pensions and a college savings plan. Harris has gained an edge in polls since replacing Biden as the Democratic nominee.

Portfolio Pulse from Shanthi Rexaline

August 09, 2024 | 9:21 am

TU

TELUS has announced a $700M senior unsecured notes offering with a 4.65% yield, set to mature in 2031. The proceeds will be used to repay outstanding indebtedness and for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 6:43 am

HWM

Howmet Aerospace has announced the pricing of a $500 million underwritten public offering of its 4.850% notes due 2031.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 10:06 pm