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Equity Actions

ESPR

Esperion Therapeutics has announced the pricing of its public offering at $1.50 per share, aiming to raise $85.1 million through the issuance of 56.7 million common shares. The proceeds will be used to fund commercialization of NEXLETOL and NEXLIZET, research and development, working capital, capital expenditures, and other corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 7:16 am

OGI

Organigram Holdings Inc. announced the results of its Annual and Special Meeting, confirming shareholder approval for a C$124.6 million investment from British American Tobacco (BAT). This endorsement strengthens the partnership between the two companies and provides Organigram with additional capital.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 7:03 am

JVSAU

JVSPAC Acquisition Corp., a blank check company, has priced its IPO at $10 per unit, offering 5 million units. Each unit includes one Class A ordinary share and one right, with each right converting to one-fourth of a Class A share upon a business combination.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 7:03 am

BOWN

Bowen Acquisition has entered into a merger agreement with Shenzhen Qianzhi Biotech Company. The agreement involves Bowen Acquisition's subsidiary, Bowen Merger Sub, merging with Qianzhi Group Holding, the parent of Qianzhi BioTech. The resulting entity will be a wholly-owned subsidiary of Bowen Acquisition. NewCo Shareholders will receive over 7.2 million ordinary shares of BOWN and up to an additional 1.4 million shares upon meeting certain earnout targets.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 6:43 am

RY

Royal Bank of Canada (RY) is issuing 750 thousand Preferred Shares Series BU at $1,000 each to raise $750 million. The shares will have an annual yield of 7.408%, payable semi-annually until February 24, 2029. Post that, the dividend rate will reset every five years to a rate 3.90% above the 5-year Government of Canada bond yield.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 6:41 am

FRCB

JPM

JPMorgan Chase & Co. (NYSE:JPM) CEO Jamie Dimon's pay for 2023 has been set at $36 million following the bank's record-breaking profits. The bank's revenue for 2023 was $49.6 billion, a result of the Federal Reserve's interest rate hikes and the acquisition of First Republic Bank (OTC:FRCB). Dimon plans to sell 1 million JPMorgan shares for financial diversification and tax-planning purposes starting in 2024.

Portfolio Pulse from Benzinga Neuro

January 19, 2024 | 6:26 am

ARKK

JPM

Cathie Wood, CEO of ARK Invest, countered JPMorgan Chase CEO Jamie Dimon's negative remarks on Bitcoin, highlighting its robust hash rate and the significant computer network backing it. Despite Dimon's comparison of Bitcoin to a 'pet rock', Wood emphasized the strength of Bitcoin's technology and its market performance, with a surge of over 100% in the past year. Wood also disclosed that Bitcoin comprises at least 25% of her personal net worth, excluding her stakes in Ark and real estate.

Portfolio Pulse from Mehab Qureshi

January 19, 2024 | 6:06 am

JBLU

PENN

SAVE

Spirit Airlines, Inc. (SAVE) experienced significant volatility, hitting 52-week lows after a federal judge blocked its acquisition by JetBlue Airways Corporation (JBLU). Dave Portnoy, founder of Barstool Sports, recently re-acquired from PENN Entertainment (PENN), bought a substantial amount of SAVE stock, which dropped 25% immediately following a restructuring announcement. However, the stock rebounded, closing at $5.70, with Portnoy ending up 5% on his position. SAVE shares are down 62% over the last five days.

Portfolio Pulse from Chris Katje

January 18, 2024 | 11:02 pm

ASTS

AST Space Mobile is reportedly planning a share offering priced between $3.00 and $3.50, according to a source.

Portfolio Pulse from Charles Gross

January 18, 2024 | 10:07 pm

ASTS

GOOG

GOOGL

T

AST SpaceMobile Inc (NASDAQ:ASTS) experienced volatility after announcing a $155 million strategic investment from AT&T Inc (NYSE:T), Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL), and Vodafone, followed by a $100 million common stock offering. The investment aims to support the commercial rollout of AST SpaceMobile's network, with the new investors also expanding strategic and commercial ties. The stock surged in after-hours trading but pulled back after the stock offering announcement.

Portfolio Pulse from Adam Eckert

January 18, 2024 | 9:59 pm