Streetbeat News

Equity Actions

SLN

Silence Therapeutics announced an oversubscribed private placement of 5,714,286 American Depositary Shares (ADS) at $21.00 per ADS, raising a total of $120 million. This capital raise indicates strong investor interest and provides the company with significant financial resources.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 1:18 pm

TKLF

Yoshitsu Co., Ltd (TKLF) announced new institutional shareholders including Hudson Bay Capital Management LP, marking a significant step in its global expansion. The company, a retailer and wholesaler of Japanese products, completed a follow-on equity offering, becoming the first Nasdaq listed Japanese company to do so post-IPO. This move, supported by Hudson Bay and seven other institutional investors, is expected to strengthen Yoshitsu's market expansion, especially in the U.S., and support its long-term growth.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 1:10 pm

INSP

Inspire Medical Systems, Inc. (NYSE:INSP) announced the retirement of Chair Marilyn Carlson Nelson and the appointment of CEO Timothy P. Herbert as the new Chair, effective after the Annual Meeting of Stockholders on May 2, 2024. Nelson has been a significant figure since 2018, and Herbert, the company's founder, has led as CEO since 2007. Gary Ellis is appointed as Lead Independent Director.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 1:09 pm

CTB

TRTL

WELL

One Energy Enterprises Inc. appoints Thomas Russell as CFO, bringing extensive financial experience to aid in the company's growth and transition to public markets. Russell has over 20 years of experience, including roles at CPBS Holdings, Fresh Products, LLC, Cooper Tire & Rubber Company (CTB), and Welltower (WELL). One Energy, known for its on-site wind energy installations, has recently launched significant initiatives, including the largest electric semi-truck charging site in the U.S. and a new electric semi-truck trial program. Additionally, One Energy and TortoiseEcofin Acquisition Corp. III (TRTL) have entered into a Business Combination Agreement, with the combined company to be listed on the NYSE under the ticker 'ONE'.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 1:09 pm

PEGY

Pineapple Energy Inc. (NASDAQ:PEGY) announced a registered direct offering of 2,702,703 shares at $0.37 per share, aiming to raise approximately $1.0 million for working capital and general corporate purposes. The offering, facilitated by Roth Capital Partners, is expected to close on February 7, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 1:07 pm

ACON

Aclarion has announced the completion of recent financing transactions, which have effectively reduced its debt and increased its available cash. This strategic financial maneuver is aimed at strengthening the company's balance sheet and enhancing its financial flexibility for future operations and investments.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 1:03 pm

CFG

Analysts have recently updated their ratings and price targets for Citizens Financial Group (NYSE:CFG), showing a mix of bullish, somewhat bullish, and indifferent stances. The average 12-month price target has increased to $35.44 from $34.00, indicating a positive outlook. The company faces challenges in revenue growth, net margin, ROE, ROA, and debt management, which could impact its financial stability.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 1:00 pm

ADVM

Adverum Biotechnologies has entered into an agreement for a private placement of approximately 106.25 million shares at $1.20 per share, resulting in gross proceeds of about $127.5 million. This capital infusion is expected to extend the company's operating runway into late 2025.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 12:48 pm

POST

Post Holdings has announced its intention to initiate a private offering of $875 million in aggregate principal amount of senior secured notes due in 2032. This move is aimed at raising capital, possibly for debt refinancing, investments, or operational expansion.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 12:41 pm

BAM

Brookfield Asset Management successfully raised $10 billion during the first closing of its second Brookfield Global Transition Fund, aimed at investments supporting the global transition to a net-zero economy.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 12:20 pm