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Equity Actions

MTAL

Metals Acquisition Corp (MTAL) is moving forward with its plans for a dual listing on the Australian Securities Exchange (ASX) by lodging a prospectus. This step is part of the process to allow shares of MTAL to be traded on the ASX in addition to their current listing on the US stock exchange.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 11:43 am

NVVE

Nuvve Holding Corp. has filed for a public offering of 2.3 million shares of common stock along with Series A, Series B, and Series C warrants. This move is aimed at raising capital, but it may lead to dilution of existing shareholders' equity.

Portfolio Pulse from Charles Gross

January 26, 2024 | 11:31 am

XELB

Xcel Brands has filed an S-3 form with the SEC for a mixed shelf offering, allowing the company to issue various types of securities up to $100 million. This move could potentially dilute current shareholders but also provides the company with a mechanism to raise capital flexibly over time.

Portfolio Pulse from Charles Gross

January 26, 2024 | 11:04 am

SOGP

Sound Group, formerly known as Lizhi Inc., has announced that it will trade under a new name on the Nasdaq following a special resolution passed at an extraordinary general meeting on January 25, 2024, in Singapore.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 10:51 am

MSFT

NVDA

TSLA

Elon Musk's AI start-up is reportedly seeking to raise $6 billion from investors to compete with OpenAI. The move comes as the race to dominate the AI sector intensifies, with significant implications for companies involved in AI technology and development.

Portfolio Pulse from Charles Gross

January 26, 2024 | 9:56 am

TSLA

Tesla, Inc. (NASDAQ:TSLA) shares dropped significantly after Q4 results missed expectations and the company forecasted lower volume growth for 2024. Elon Musk's net worth fell by $18 billion to $198 billion, but he remains the world's richest person. Musk's wealth is largely tied to his Tesla stake, and he seeks greater control in the company. Jeff Bezos, second on the billionaires' list, may see a change in net worth after Amazon's upcoming earnings report. Tesla's stock may face short to medium term pressure.

Portfolio Pulse from Shanthi Rexaline

January 26, 2024 | 9:49 am

AVBP

ArriVent BioPharma has priced its upsized IPO of 9,722,222 common shares at $18 each, expecting gross proceeds of approximately $175 million. The shares will begin trading on the Nasdaq Global Market under the ticker 'AVBP' on January 26, 2024, with the offering expected to close by January 30, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 7:18 am

SGMT

Sagimet Biosciences has priced its public offering of 9 million shares of Series A common stock at $12.50 per share.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 7:08 am

ADM

Archer-Daniels-Midland Company (ADM) has announced an 11% increase in its quarterly cash dividend, raising it from $0.45 to $0.50 per share. The dividend is payable on February 29, 2024, to shareholders of record as of February 8, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 6:55 am

ARKK

ARKW

TSLA

Tesla, Inc. (TSLA) shares dropped over 12% after Q4 earnings missed expectations, leading to a market cap loss of $80.4 billion. Despite this, Ark Invest, led by Cathie Wood, purchased $32.5 million worth of Tesla shares through ARKK and ARKW ETFs. Ark remains bullish on Tesla, with a $2000 price target by 2027, largely based on the potential of Tesla's robotaxi service. The short-term outlook for Tesla stock is uncertain, with potential influences including economic data releases and the Fed's rate decision.

Portfolio Pulse from Shanthi Rexaline

January 26, 2024 | 3:06 am