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Equity Actions

PEGY

Pineapple Energy Inc. (NASDAQ:PEGY) shares fell after announcing a 1-for-50 reverse stock split to regain Nasdaq compliance. The split reduces outstanding shares from 133.3 million to 2.66 million, aiming to increase the stock price. Shares are trading below the 50-day moving average.

Portfolio Pulse from Erica Kollmann

October 15, 2024 | 4:42 pm

SIDU

Sidus Space, Inc. (NASDAQ:SIDU) shares are trading lower following an SEC filing announcing an offering of 3.75 million shares at $2.67 each, with net proceeds of $8.9 million intended for various corporate purposes. Additionally, the FCC approved Sidus Space's operation of a micro constellation of satellites, marking a significant regulatory milestone. Despite this, SIDU stock has lost over 79% in the past year and is down 11.2% today.

Portfolio Pulse from Nabaparna Bhattacharya

October 15, 2024 | 4:34 pm

SFHG

Samfine Creation Holdings' shares began trading at $4.99 per share, following an IPO priced at $4 per share for 2 million shares.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 4:26 pm

RANI

Rani Therapeutics' stock is declining following the announcement of a $10 million direct offering, involving 3 million shares priced at $3 each.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 4:16 pm

ROLR

High Roller Technologies, Inc is set to IPO on October 16 on the NYSE under the ticker ROLR, with shares priced between $8.00 and $10.00. The insider lock-up period will last until April 14, 2025.

Portfolio Pulse from Benzinga Insights

October 15, 2024 | 3:00 pm

PTLE

PTL Limited (NASDAQ:PTLE) is set to start trading on the NASDAQ exchange on October 16, 2023. The IPO price is expected to be between $4.00 and $6.00 per share, with an insider lock-up period of 180 days.

Portfolio Pulse from Benzinga Insights

October 15, 2024 | 3:00 pm

FBGL

FBS Global Limited (NASDAQ:FBGL) is set to IPO on October 16 on the NASDAQ exchange. The company, a Singapore-based green building contractor, will offer shares priced between $4.50 and $5.00, with an insider lock-up period of 180 days.

Portfolio Pulse from Benzinga Insights

October 15, 2024 | 3:00 pm

BA

GCAD

ITA

Boeing shares rose after securing a $10 billion supplemental credit agreement with major banks. The agreement includes specific interest rates and restrictions on debt and mergers. Boeing also announced a mixed shelf offering and a 10% workforce reduction. Investors can access Boeing through ETFs like ITA and GCAD.

Portfolio Pulse from Lekha Gupta

October 15, 2024 | 2:38 pm

BA

Fitch Ratings has commented on Boeing's shelf registration, which allows for broader market access, including potential equity issuance. This move could help Boeing alleviate risks of a credit rating downgrade.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 2:37 pm

GS

Goldman Sachs CEO stated that the company is not yet operating at the 10-year average levels for equity and M&A volumes, indicating potential challenges in these areas.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 1:55 pm