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Equity Actions

JANX

Janux Therapeutics, Inc. (NASDAQ:JANX) announced the pricing of an underwritten public offering of 4,440,851 shares of common stock at $46.50 per share and pre-funded warrants for 1,935,483 shares at $46.499 each, aiming to raise approximately $296.5 million. The offering includes an option for underwriters to purchase up to an additional 956,450 shares and is expected to close on March 4, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 7:06 am

STR

The board of Sitio Royalties has authorized a $200M share repurchase program, set to commence in early March. This move indicates the company's confidence in its financial health and a commitment to returning value to shareholders.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 6:38 am

AAPL

Apple Inc's shareholders voted against a proposal for an AI transparency report, which aimed to examine the ethical use of AI by the company. The proposal was rejected during Apple's annual meeting, alongside other measures concerning equal employment policies and human rights. The rejection follows Apple's strategic shift towards generative AI, abandoning its electric car project. Additionally, two long-serving directors stepped down, and CEO Tim Cook's pay structure saw a significant change, with a 36% reduction in annual compensation.

Portfolio Pulse from Benzinga Neuro

February 29, 2024 | 4:01 am

PARA

The article highlights the achievements of 12 trailblazing Black Wall Street bankers, brokers, and financiers who laid the groundwork for future generations. It mentions the first Black investment firm on the NYSE, Daniels & Bell, founded in 1971, and other pioneers like the first Black woman to pass the NYSE exam, Lilla St. John, and the first Black-owned mutual fund firm, Ariel Investments, founded by John W. Rogers Jr. It also touches on early Black millionaires and billionaires, including Robert L. Johnson, the first Black billionaire, and Oprah Winfrey, the first Black woman billionaire.

Portfolio Pulse from Sue Strachan

February 29, 2024 | 12:26 am

ALEX

Alexander & Baldwin (ALEX) projects its 2024 Adjusted Funds From Operations (FFO) per share to be in the range of $0.80-$0.90, which is below the estimated $1.15. The company also announced a shift in its reporting metric from Core FFO to Adjusted FFO starting in 2024.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 10:40 pm

SDRL

Seadrill's CEO, Simon Johnson, expressed optimism about the future of the offshore deepwater drilling industry despite anticipating challenges in 2024. He believes in the company's strong competitive positioning for the medium and long term.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 10:22 pm

CXM

MDRX

Sprinklr will replace Veradigm in the S&P SmallCap 600 before trading opens on March 4, 2024, due to Veradigm's suspension from the Nasdaq on February 29 for not complying with listing rules.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 10:19 pm

EE

Excelerate has announced a share repurchase program authorizing the repurchase of up to $50 million of its Class A common stock through February 2026. The repurchases can be made through various methods in compliance with SEC rules and will depend on factors like price and market conditions. The program may be modified, suspended, or discontinued at any time.

Portfolio Pulse from Happy Mohamed

February 28, 2024 | 10:17 pm

PTLO

Portillo's Inc. has announced a synthetic secondary transaction involving the offering of 8 million Class A common stock. This move could potentially impact the company's stock price in the short term due to the increase in available shares.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 10:16 pm

PTLO

Portillo's Inc. (NASDAQ:PTLO) announced an underwritten public offering of 8M shares of Class A common stock in a 'synthetic secondary' transaction. The offering includes an underwriter option for an additional 1.2M shares. The transaction is non-dilutive, aiming to repurchase shares and purchase PHD Group Holdings LLC units, leading to a reconfiguration of Class A and Class B common stock amounts but keeping the total share count unchanged. Post-offering, approximately 61.55M Class A and 11.58M Class B shares will be outstanding, with potential adjustments if the over-allotment option is exercised. BofA Securities is the sole underwriter.

Portfolio Pulse from Happy Mohamed

February 28, 2024 | 10:16 pm