Streetbeat News

Equity Actions

SIDU

Sidus Space shares have declined following the announcement of a proposed public offering, which typically dilutes existing shareholders' equity.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 9:48 pm

CRBP

Point72 Capital Advisors, Inc. has disclosed a passive 8.8% stake in Corbus Pharmaceuticals Holdings, Inc. This indicates a significant investment by Point72 in Corbus, but as a passive stake, it suggests that Point72 does not intend to actively influence the company's management or strategic direction.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 9:45 pm

IVZ

Invesco has announced a reduction in the sponsor fee for the Invesco Galaxy Bitcoin ETF by 14 basis points, decreasing the total expense ratio from 0.39% to 0.25%.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 9:41 pm

USCB

USCB Financial Holdings, Inc. has announced the initiation of a quarterly cash dividend program and declared its first quarterly dividend of $0.05 per share, payable on March 5, 2024, to shareholders on record as of February 15, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 9:31 pm

AMBO

Ambow Education has announced a change in the ratio of its American Depositary Shares (ADS). The new ratio will be one ADS representing twenty Class A ordinary shares, a change from the previous ratio of one ADS representing two Class A shares.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 9:29 pm

VOYA

Voya Financial has announced that David Zwiener will become the Non-Executive Chair following the retirement of the current Executive Chairman Rodney O. Martin, Jr., on February 29, 2024. Rodney O. Martin, Jr. previously held the positions of chairman and CEO at Voya and was succeeded as CEO by Heather Lavallee on January 1, 2023. Lavallee has been a director on Voya's board since July 2022.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 9:29 pm

PGSS

Pegasus Digital Mobility Acquisition Corp. has amended its business combination agreement with Gebr. Schmid Group, extending the deadline for the combination to April 30, 2024. The amendment also reduces the number of shares to be issued in the combination to 28.725 million.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 9:27 pm

ARE

Alexandria Real Estate Equities, Inc. has provided its financial outlook for FY24, expecting earnings per share (EPS) to be in the range of $3.49-$3.69 and funds from operations (FFO) per share to be between $9.37-$9.57.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 9:18 pm

SIDU

Sidus Space, Inc. has announced its intention to conduct a public offering of its shares. The news indicates that the company is seeking to raise capital, likely for business expansion, operations, or other corporate purposes. The details of the offering, such as the number of shares to be offered and the price range, have not been disclosed in the article.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 9:11 pm

NKLA

Nikola Corporation (NASDAQ:NKLA) shares are trading higher along with other EV stocks, following a report from CleanTechnica indicating a 29% year-over-year increase in full battery-electric vehicle sales in Q4 2023. Baird analyst Ben Kallo initiated coverage on Nikola with an Outperform rating and a price target of $2, citing potential catalysts in manufacturing, partnerships, and hydrogen infrastructure. Nikola has a high short interest of 28.42%, which may lead to significant price volatility. Despite recent optimism, Nikola's stock has fallen 30.48% in the past three months, and its revenue has decreased by 107.14% over the past year.

Portfolio Pulse from Erica Kollmann

January 29, 2024 | 8:36 pm