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Equity Actions

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

NSTB

Northern Star Investment Corp. II (NSTB) announced it will liquidate its trust account due to its inability to complete a business combination by the January 28, 2024 deadline. The liquidation will distribute approximately $10.48 per share to holders of Public Shares. NSTB expects delisting from NYSE American but intends to continue trading on the OTC Pink post-distribution. The company plans to amend its Charter to remove SPAC provisions and retain the possibility of future acquisitions. Units will separate into Public Shares and Warrants before the Distribution, with no payment for Warrants.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 10:07 pm

WTFC

Wintrust Financial Corporation (NASDAQ:WTFC) has announced an increase in its quarterly common stock dividend from $0.40 to $0.45 per share, a 12.5% rise. The new dividend is payable on February 22, 2024, to shareholders of record as of February 8, 2024. Additionally, dividends for Series D and E Preferred Stock are set for April 15, 2024, for shareholders of record on April 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 9:42 pm

HAO

Haoxi Health Technology has announced the pricing of its initial public offering (IPO) of 2.40 million Class A ordinary shares at $4.00 each. The company expects to begin trading on January 26, 2024, under the ticker symbol 'HAO'.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 9:39 pm

NNDM

Nano Dimension has renewed its limited duration rights plan, set to expire on January 25, 2025. This plan is a continuation of the previous rights plan that began on January 27, 2023, and is due to expire on January 29, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 9:36 pm

BTMD

Biote Corp. (NASDAQ:BTMD) has announced a $20 million share repurchase program, authorizing the management to buy back shares in the open market or through private transactions. This move reflects the company's confidence in its growth and financial strength. The repurchase timing will depend on market conditions and other factors, and the program may be adjusted or discontinued at any time.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 9:35 pm

WSR

The Delaware Court of Chancery ruled in favor of Whitestone REIT in its case against Pillarstone Capital REIT. The court found that Pillarstone's adoption of a 'Poison Pill' breached the covenant of good faith and fair dealing, causing harm to Whitestone. Whitestone is now allowed to redeem its units without repercussions and may receive a monetary judgment against Pillarstone for the difference in value of the partnership's assets compared to December 2021, plus interest.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 9:32 pm

GAM

General American Investors' Board has authorized the repurchase of an additional 1 million shares of its common stock when the shares are trading at a discount of at least 8% from the underlying net asset value. This decision is part of an ongoing repurchase program initiated in March 1995. As of December 31, 2023, the company has repurchased 32.5 million shares at a cost of $1 billion, with an average discount of 14.1%.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 9:28 pm

PEPL

PepperLime Health Acquisition Corporation (NASDAQ: PEPL) announced its intention to liquidate after failing to complete an initial business combination by January 19, 2024. Shareholders of record as of February 7, 2024, will receive their share of the Trust Account funds on or about February 8, 2024. The company's sponsor waived liquidation rights for its pre-IPO shares, and there will be no distributions for redeemable warrants. The last trading day for PEPL's securities on Nasdaq is expected to be February 7, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 9:20 pm