Streetbeat News

Assets

CAPT

Captivision Inc. (NASDAQ: CAPT) has converted approximately $4.2 million of outstanding debt into equity at a $3.00 price per share and raised approximately $2.2 million via a private placement bond issuance by Captivision Korea. These actions are aimed at strengthening the company's financial position.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 12:01 pm

BRK

BYDDY

TSM

Berkshire Hathaway has reduced its stake in BYD Company to below 5%, indicating a shift in focus towards U.S. investments. This move follows a gradual reduction in BYD holdings since August 2022. Berkshire also sold its entire stake in Taiwan Semiconductor Manufacturing Company earlier this year.

Portfolio Pulse from Shivani Kumaresan

July 23, 2024 | 11:32 am

BGNE

BeiGene has opened a new biologics manufacturing and clinical R&D facility in New Jersey, investing $800 million. This expansion is expected to enhance their capabilities in biologics production and clinical research.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 11:09 am

KRO

Kronos Worldwide, Inc. (NYSE:KRO) is seeking to raise €75 million through a private offering of additional 9.50% Senior Secured Notes due 2029. These notes will be issued by its subsidiary, Kronos International, Inc., and will have the same terms as the existing €276,174,000 notes issued earlier this year.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 7:44 am

NYCB

New York Community Bancorp (NYCB) has strengthened its financial position by selling $5.9 billion in loans to JPMorgan Chase Bank. The company also plans to close an additional $200 million in mortgage warehouse loans soon, which is expected to add approximately 70 basis points to its CET1 ratio.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 6:52 am

BTCUSD

COIN

The U.S. government moved 58.74 BTC, worth nearly $4 million, to Coinbase Prime, sparking speculations about the motivation behind the transfer. This is part of a larger trend in 2024, where the government has moved 6,261 BTC, worth $392 million, mostly after a price rise in February. The funds were seized from Ryan Farace, convicted for selling Xanax on darknet marketplaces. Speculation grows that Bitcoin may be announced as a strategic reserve asset by Donald Trump.

Portfolio Pulse from Aniket Verma

July 23, 2024 | 5:58 am

EQIX

Equinix is set to acquire three high-performance data centers in the Philippines, enhancing its presence in Southeast Asia. The all-cash deal, valued at approximately 15x the projected EBITDA at full utilization, is expected to close in the second half of 2024, pending customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 5:39 am

MSTR

Real Bedford Soccer Club, backed by the Winklevoss twins and chaired by Peter McCormack, has increased its Bitcoin holdings to 82.7 BTC. The club's Bitcoin strategy aligns with Michael Saylor's philosophy, drawing praise from the MicroStrategy executive chairman.

Portfolio Pulse from Chris Katje

July 22, 2024 | 10:51 pm

VZ

Verizon has announced the commencement of private offers to exchange 10 outstanding series of notes for up to $2.5 billion, maturing from 2025 through 2028.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 8:29 pm

CLF

Cleveland-Cliffs has announced its capital expenditure (CapEx) for the fiscal year 2024, which is expected to be between $650 million and $700 million.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 8:12 pm