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Equity Actions

GOLD

Barrick Gold's Board of Directors has authorized a new share buyback program allowing for the repurchase of up to $1 billion of its common shares over the next 12 months. This new program replaces the one announced on February 15, 2023, under which no shares were repurchased. Previously, Barrick repurchased $424 million in common shares under its 2022 program.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 11:05 am

BABA

BIDU

CNYA

EWH

JD

TCEHY

Emerging markets fund manager Mark Mobius sees investment opportunities in the underperforming Chinese and Hong Kong markets, comparing them favorably to India's recent success. He highlights criteria like return on assets and low debt for selecting stocks and believes Chinese investor confidence will return, boosting the markets. Mobius prefers individual stocks over indexes, especially in China and Hong Kong, despite their recent downturns. U.S.-listed Chinese stocks like Alibaba, JD.com, Baidu, and Tencent have been affected by regulatory pressures and market conditions, as have ETFs like the iShares MSCI China A ETF and iShares MSCI Hong Kong ETF.

Portfolio Pulse from Shanthi Rexaline

February 14, 2024 | 8:45 am

VZ

Verizon Communications Inc. (VZ) has initiated five separate tender offers for its outstanding debt securities, aiming to purchase up to €1.5 billion in aggregate principal amount. These offers are detailed in the Offer to Purchase document dated February 14, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 8:35 am

LDTC

LeddarTech Holdings Inc. (NASDAQ:LDTC), an automotive software company, announced adjustments to the exercise price of its outstanding warrants expiring December 21, 2028. The new exercise price is set at $11.17 per share, down from $11.50. These adjustments, effective as of February 9, 2024, also extend to the redemption provisions of the warrants.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 7:45 am

NAMS

NewAmsterdam Pharma has announced the pricing of its underwritten public offering, which includes over 4.48 million ordinary shares at $19.00 each and pre-funded warrants for approximately 4.74 million ordinary shares at $18.9999 each. The offering aims to raise a total of $175.3 million.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 7:40 am

IMNM

Immunome has announced a public offering of 10 million shares at $20 each, expecting to raise $200 million before expenses. The underwriters have an option to buy an additional 1.5 million shares. The offering is set to close on February 16, 2024, pending customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 7:38 am

OMH

Ohmyhome has announced an upsized public offering of 555,555 ordinary shares priced at $1.35 per share, raising a total of $4.8 million. This move is aimed at increasing the company's capital for future investments and operational expenses.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 7:36 am

AZTR

Azitra, Inc. has announced the pricing of its public offering, aiming to raise $5 million through the sale of 16.667 million common shares at a price of $0.30 per share. This move is significant for the company's financial strategy and could impact its stock performance in the short term.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 7:30 am

LCW

Learn CW Investment Corporation, a special purpose acquisition company, has announced an extension of the deadline to complete its initial business combination from February 13, 2024, to March 13, 2024. This extension, facilitated by a $150,000 deposit into the company's trust account, marks the fifth of up to twelve possible one-month extensions as per the company's governing documents.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 7:28 am

VFC

VF Corporation (VFC) has expanded its board by appointing Caroline Brown after engaging with Engaged Capital. This move could signal a strategic shift or an effort to enhance corporate governance, potentially impacting investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 7:13 am