Streetbeat News

Equity Actions

OGEN

Oragenics has announced the termination of its At-Market (ATM) offering program. The company has initiated a 5-day termination process, which is set to take effect on January 30, as disclosed in their 8-K filing.

Portfolio Pulse from Charles Gross

January 23, 2024 | 10:21 pm

TC

TuanChe has announced a change in the ratio of its American Depositary Shares (ADSs) to Class A ordinary shares, from 1 ADS for every 16 Class A shares to 1 ADS for every 240 Class A shares.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 10:15 pm

GTE

Gran Tierra Energy announced its 2024 capital budget and production guidance, with plans to allocate up to 50% of its free cash flow to share buybacks. This decision reflects the company's strategy to enhance shareholder value and confidence in its financial stability and future earnings potential.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 10:08 pm

EVAX

MRK

Evaxion Biotech's stock price has increased following a 13G filing that revealed Merck & Co now holds an 11.4% stake in the company as of December 21, 2023.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 9:44 pm

ARKK

SPY

Cathie Wood of Ark Investment Management has predicted that U.S. interest rates will decrease sooner and more rapidly than anticipated by most. Her view contrasts with the market consensus, which expects further rate hikes to combat inflation.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 9:35 pm

FTV

Fortive Corporation (NYSE:FTV) has announced that its Board of Directors approved an additional 11 million shares for its share repurchase program, bringing the total to 20 million shares. This includes the 9 million shares previously authorized. The company emphasizes a strategic approach to capital allocation, including disciplined M&A and shareholder value enhancement. The repurchase program has no expiration date and purchases will be based on market conditions.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 9:32 pm

BB

BlackBerry Ltd (NYSE:BB) shares dropped in after-hours trading following the announcement of a proposed private offering of $160 million Convertible Senior Notes due 2029, exclusively to qualified institutional investors. The company plans to use the proceeds to repay or repurchase its outstanding $150 million 1.75% extendible convertible unsecured debentures due next month. Despite a slight improvement in stock performance and revenue over the past three months, analysts remain neutral, with RBC Capital's Paul Treiber predicting an 11.11% decline in the stock.

Portfolio Pulse from Adam Eckert

January 23, 2024 | 9:32 pm

BB

BlackBerry Limited (NYSE:BB) plans to offer $160 million in Convertible Senior Notes due 2029 in a private offering to qualified institutional buyers. The company will also provide an option to purchase an additional $25 million of the notes. Proceeds will repay existing debentures and for general corporate purposes. The notes are unsecured and rank senior to current obligations. The offering's terms will be set at pricing, and the closing is subject to customary conditions and Toronto Stock Exchange approval.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 9:20 pm

CDRE

Cadre Holdings, which is likely represented by the symbol CDRE, has announced an increase in its quarterly dividend from $0.08 to $0.0875 per share.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 9:19 pm

BLK

BlackRock, Inc. has amended its 13G filing, revealing a 12.7% ownership stake in Premier Financial as of December 31, 2023, according to a recent SEC filing.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 9:18 pm