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LCGMF

MODD

TGEN

Insiders at Tecogen Inc. (OTC:TGEN), Modular Medical, Inc. (NASDAQ:MODD), and Lion Copper and Gold Corp. (OTC:LCGMF) have recently made notable purchases of their companies' stocks. Tecogen's director acquired 25,000 shares following the signing of a $1.5 million Credit Agreement. JEB Partners, L.P. acquired 33,000 shares of Modular Medical after the company announced a partnership with Phillips-Medisize. Lion Copper and Gold's 10% owner bought 150,000 shares as the company's stock gained 17% year-to-date.

Portfolio Pulse from Lisa Levin

October 19, 2023 | 12:52 pm

IPX

IperionX Limited (NASDAQ:IPX) has received a Letter of Interest from the Export-Import Bank of the United States (EXIM Bank) for a provisional sum of $11.5 million in equipment finance for the development of its Titanium Production Facility in Virginia. The funding will be used for key production assets including industrial furnaces and comminution equipment. The facility is expected to start production in 2024 and will be scaled to produce 1,125 metric tons of titanium per annum.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 12:37 pm

TUSK

Mammoth Energy Services has entered into a new revolving credit facility agreement and a new term loan agreement on October 16, 2023. The new five-year revolving credit facility with Fifth Third Bank provides for revolving commitments of up to $75 million. The new five-year term loan agreement with Wexford Capital LP, an affiliate of Mammoth, provides for term commitments of $45 million.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 12:15 pm

SMTC

Semtech Corporation has announced a private placement offering of $250 million in aggregate principal amount of convertible senior notes due 2028.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 11:09 am

ENOV

Enovis has announced a private offering of $400M principal amount of convertible senior notes due 2028.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 10:56 am

TSLA

Tesla Inc (NASDAQ:TSLA) is delaying its gigafactory plans in Mexico due to concerns about high-interest rates and the global economy. CEO Elon Musk stated that the company is not backtracking on its plans for a factory in Mexico, but the timing is uncertain. Tesla announced its new gigafactory in Mexico earlier this year in March.

Portfolio Pulse from Anan Ashraf

October 19, 2023 | 7:36 am

CLCO

Cool Company Ltd. (NYSE:CLCO) and Huaxia Financial Leasing Co. Ltd. have entered into sale and leaseback financing arrangements for the Kool Tiger and Kool Panther newbuild vessels. The vessels are scheduled to deliver to CoolCo in the second half of 2024 from Hyundai Samho Heavy Industries in Korea. The Sale and Leasebacks are on a fixed rate per day basis for 10 years, with an implied interest rate just under 6% and a minimum loan-to-value of 80%. CoolCo has fully financed the two MEGA LNG Carrier newbuilds.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 8:14 pm

CHPT

ChargePoint Holdings Inc's (NYSE:CHPT) shares hit a new all-time low, falling by 11% to $3.24, despite no company-specific news. The stock's decline may be due to broader weakness in the EV sector and a rise in Treasury yields. The company's stock has seen a 40% decline in the past month, largely due to commitments from institutional investors for their $300 million convertible notes. The company also plans to modify the terms of their notes with the lead investor, which could be seen as a sign of financial stress.

Portfolio Pulse from Henry Khederian

October 18, 2023 | 7:26 pm

RIVN

Rivian Automotive Inc (NASDAQ:RIVN) shares have fallen by 9.7% amid a general weakness in EV stocks and a rise in Treasury yields. The company's stock has fallen roughly 24% in October after it priced its $1.5 billion green convertible senior notes offerings. The increased debt load from the issuance of these notes has raised concerns among investors about the company's ability to service its debt and its creditworthiness. The notes offered by Rivian have an annual interest rate of 3.625% and will mature on October 15, 2030.

Portfolio Pulse from Henry Khederian

October 18, 2023 | 6:56 pm

TLT

The average 30-year mortgage rate has risen to 8%, the highest in over two decades, driven by the 30-year Treasury bond yield which reached a 17-year high of 5%. The Mortgage Banker Association reported a continuous upward trend for six weeks, reaching 7.70% by the week ending on Oct. 13. The iShares Treasury Bond ETF (NASDAQ:TLT) has contracted by over 50% since the highs of 2020 and by more than 18% year to date.

Portfolio Pulse from Piero Cingari

October 18, 2023 | 6:55 pm