Streetbeat News

Equity Actions

ORIS

Oriental Rise Holding Limited, a tea product supplier in China, is pricing its IPO at $4 per share, aiming to raise $7 million. The shares will trade on Nasdaq under the symbol 'ORIS' starting October 17, 2024.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 9:53 pm

LCID

Lucid Group shares declined following the announcement of a public offering of common stock and an investment by an affiliate of the Public Investment Fund.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 9:33 pm

MTX

Minerals Technologies has announced a new $200 million share repurchase program, following the completion of a previous $75 million program in October 2024.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 9:32 pm

LCID

Lucid Group Inc (NASDAQ:LCID) shares fell in after-hours trading following the announcement of a public offering and investment from the Public Investment Fund affiliate. The company plans to use the proceeds for general corporate purposes. Lucid's third-quarter earnings are expected on Nov. 7.

Portfolio Pulse from Adam Eckert

October 16, 2024 | 9:29 pm

LCID

Lucid Group is conducting a public offering of 262.4 million shares of common stock. Additionally, an affiliate of the Public Investment Fund (PIF) will invest in 374.7 million shares through a private placement, aiming to maintain a 58.8% ownership stake.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 8:37 pm

LCID

Lucid Group has filed for the issuance of various securities, including common stock, preferred stock, debt securities, warrants, and purchase units, on a continuous or delayed basis.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 8:30 pm

CAPR

Capricor Therapeutics shares are trading lower following the announcement of a public offering of common stock.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 8:27 pm

CAPR

Capricor Therapeutics has announced a public offering of its common stock, though the terms of the offering have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 8:19 pm

CODI

Compass Diversified has announced a $100 million share repurchase program, indicating confidence in its financial health and future prospects. This move is likely to positively impact the company's stock price in the short term.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 8:10 pm

BA

Boeing shares are trading higher as the company plans to raise $15 billion through common stock and convertible bonds. The move aims to protect its credit rating amid high debt and ongoing cash burn. The timing of the raise may depend on resolving a labor strike and upcoming earnings.

Portfolio Pulse from Vaishali Prayag

October 16, 2024 | 8:02 pm