Streetbeat News

Assets

OCUL

Ocular Therapeutix has reported a cash balance of $459.7 million as of June 30, 2024, which is expected to fund its operations into 2028.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 11:12 am

EDIT

Editas Medicine has announced that its cash balance of $318.3 million is expected to provide a cash runway into 2026.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 11:06 am

INTC

MSFT

Reuters reported that Intel passed on a $1 billion investment in OpenAI in 2018, which could have given it a stake of up to 30%, according to sources.

Portfolio Pulse from charles@benzinga.com

August 07, 2024 | 11:06 am

KYMR

Kymera Therapeutics has announced that its cash balance of $702 million is expected to provide a cash runway into the first half of 2027.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 11:02 am

SGBX

SG Building Blocks entered into a cash advance agreement with Cedar, selling $1.96 million in future receivables for $1.35 million. Cedar will withdraw $49,000 weekly from SG Building Blocks' account.

Portfolio Pulse from charles@benzinga.com

August 07, 2024 | 10:13 am

NOG

Northern Oil and Gas (NOG) has exercised its option to acquire a 20% undivided stake in the Altamont assets in partnership with SM for $17.5 million in cash, subject to customary closing adjustments.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 10:10 am

BTCUSD

Bitcoin whales have accumulated nearly $23 billion worth of BTC in the past month, indicating a potential accumulation phase. Despite recent market volatility, Bitcoin has shown signs of recovery, with its price increasing by 14% to $56,703. Experts predict further market volatility, but long-term indicators remain bullish.

Portfolio Pulse from Benzinga Neuro

August 07, 2024 | 8:05 am

PLD

Prologis-sponsored FIBRA Prologis has secured a 77.14% ownership of Terrafina, expanding its industrial portfolio in Mexico. This acquisition includes 42.2 million square feet of industrial real estate managed by Terrafina, adding to FIBRA Prologis' existing 46.9 million square feet of logistics and manufacturing facilities.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 6:31 am

CSLRW

SEDG

SPWR

SunPower Corporation (NASDAQ:SPWR) has filed for Chapter 11 bankruptcy, which some investors believe could benefit the solar industry by eliminating weaker players. SunPower has agreed to sell key assets to Complete Solaria Inc. (NASDAQ:CSLRW) for $45 million. Despite SunPower's struggles, analysts suggest the bankruptcy is specific to the company and not indicative of broader industry issues. SolarEdge Technologies, Inc. (NASDAQ:SEDG) is set to report earnings soon.

Portfolio Pulse from Michael Juliano

August 06, 2024 | 10:19 pm

SILA

Sila Realty Trust (NYSE:SILA) reported its Q2 2024 financial results. AFFO decreased to $0.54 from $0.55 YoY, while EPS increased to $0.08 from $0.07 YoY. Rental revenue fell to $43.55M from $44.965M YoY. The company declared monthly dividends totaling $0.40 per share for the quarter and acquired a $10.8M medical outpatient building.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 9:28 pm