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Equity Actions

VRAX

Virax Biolabs Group Limited has entered into an At The Market Offering Agreement with H.C. Wainwright & Co., LLC to potentially sell up to $1.45 million of its ordinary shares. The agreement was made on January 22, 2024, and is part of an effective registration statement initially filed on December 5, 2023.

Portfolio Pulse from Charles Gross

January 22, 2024 | 10:31 pm

BCTX

BriaCell Therapeutics 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 a total of $200 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 22, 2024 | 10:04 pm

ACON

Aclarion, Inc. has filed a prospectus related to the offering and resale of up to 2.5 million shares of its common stock by White Lion Capital. This filing is an S-1, which indicates a registration of securities for future sale.

Portfolio Pulse from Charles Gross

January 22, 2024 | 9:52 pm

GIL

Turtle Creek Asset Management has issued an open letter to the board of Gildan Activewear, urging them to call a special meeting without delay. The content of the letter and the specific reasons for the request for a special meeting were not disclosed in the article.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 9:49 pm

SFE

Safeguard Scientifics, Inc. (NASDAQ:SFE) has announced its intention to voluntarily delist its common stock from the Nasdaq Stock Market. The company plans to file Form 25 with the SEC on February 2, 2024, and expects delisting to occur ten days later. Safeguard aims to deregister its common stock under the Exchange Act by filing Form 15, citing fewer than 300 shareholders of record. Post-delisting, Safeguard's stock may trade over-the-counter, potentially on a market operated by OTC Markets Group Inc. The company also completed a reverse and forward stock split (1-for-100 and 100-for-1) effective January 12, 2024, as part of its plan to cease registration and delist from Nasdaq.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 9:39 pm

ADM

ALB

GB

GILD

SNPS

SPY

VFC

XLI

The S&P 500, Dow Jones, and Nasdaq 100 hit all-time highs, with the S&P 500 closing at 4,850 points. Ed Yardeni outlined three scenarios for the market's future, with the 'Roaring 2020s' as the most likely. SPDR S&P 500 ETF Trust (SPY) rose to $483.52. Industrials led gains with the Industrials Select Sector SPDR Fund (XLI) up 0.75%, while Utilities and Consumer Staples lagged. V.F. Corporation (VFC), Synopsys Inc. (SNPS), and Albemarle Corp. (ALB) were top performers, whereas Archer-Daniels-Midland Company (ADM), Gilead Sciences Inc. (GILD), and Bunge Limited (GB) were among the worst.

Portfolio Pulse from Piero Cingari

January 22, 2024 | 9:34 pm

CNM

Core & Main has announced a concurrent repurchase of 3.13 million shares of its Class A common stock and 1.87 million partnership interests of Core & Main Holdings, LP. This move indicates a significant buyback of the company's equity, reflecting a potential positive outlook by the company's management on its financial health and future prospects.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 9:31 pm

CNM

Core & Main, a leading specialized distributor of water, wastewater, storm drainage and fire protection products, has announced a secondary offering of 19.8 million shares by certain selling stockholders. This offering will not result in any proceeds to the company itself, as all proceeds will go to the selling stockholders.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 9:30 pm

VOCL

Creatd, Inc. ($VOCL) announced a reverse stock split to enhance market position and increase per-share trading price, aiming to attract more investors. The split will be effective on January 24, 2024, with details to be disclosed on FINRA's list on January 23. CEO Jeremy Frommer believes this strengthens the company's capital structure and growth foundation. The ticker symbol will change from $VOCL to $CRTD after a 20-day interim period using $VOCLD. The company aims to uplist to a national exchange and believes these changes will improve market visibility and financial strength.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 9:30 pm

DOOO

BRP Inc. and Bain Capital Integral Investors II have agreed with RBC Capital Markets to conduct a secondary offering on a bought deal basis, involving the sale of 2 million subordinate voting shares at a price of C$91.00 per share.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 9:29 pm