Streetbeat News

Equity Actions

ACB

Aurora Cannabis Inc. (ACB) has repaid approximately $7.2 million, the final payment on its convertible senior notes, making its cannabis operations debt free except for $47.9 million owed to Bevo Farms Ltd. This repayment concludes nearly $465 million in convertible debt clearance, aiming for positive free cash flow within the year.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 10:07 pm

BRBR

BellRing Brands has announced a new share repurchase authorization of $300 million, signaling confidence in the company's financial health and future prospects. This move is likely to positively impact investor sentiment and could lead to an increase in the stock price in the short term.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 10:06 pm

APLT

Applied Therapeutics announced a private placement agreement on Feb 27, 2024, with a select group of accredited investors for 12.3M shares at $7/share.

Portfolio Pulse from Charles Gross

February 29, 2024 | 10:01 pm

MRO

Marathon Oil has announced the promotion of Rob White to the position of Executive Vice President and CFO, effective May 1, 2024. This strategic move is part of the company's leadership transition plan.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 9:54 pm

GE

The GE Board of Directors has officially approved the spin-off of GE Vernova, which, along with GE Aerospace, is set to launch on April 2, 2024. This strategic move is aimed at streamlining GE's operations and focusing on its core businesses.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 9:52 pm

PX

P10's Board of Directors has approved a $40M stock repurchase program, signaling confidence in the company's financial health and future prospects.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 9:51 pm

MFA

The board of MFA Financial has authorized a new stock repurchase program valued at $200 million, set to remain active until the end of 2025. This move indicates the company's confidence in its financial stability and future prospects.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 9:50 pm

REBN

Reborn Coffee, Inc. has successfully closed a private placement equity investment worth $1.0 million. This financial move is aimed at bolstering the company's growth and operational capabilities.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 9:49 pm

FIHL

Fidelis Insurance Holdings Limited (NYSE:FIHL) announced the initiation of a quarterly dividend program, starting with a $0.10 per share dividend payable on March 29, 2024. This decision reflects the company's strong balance sheet and successful year. Additionally, Fidelis Insurance remains committed to shareholder value through dividends and a $50 million share repurchase program.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 9:47 pm

TARS

Tarsus Pharmaceuticals announced a proposed public offering aiming to raise $100 million, with an option for underwriters to purchase an additional $15 million in shares. This move could significantly impact the company's financial structure and future growth plans.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 9:47 pm