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Equity Actions

ARBK

Argo Blockchain has successfully raised £7.8M ($9.9M) through the issuance of 38.064 million new shares at a price of £0.205 per share. This placement represents approximately 7.06% of the company's existing issued ordinary share capital prior to the placement, and was directed towards certain institutional investors.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 8:29 am

ARBK

Seif El-Bakly has stepped down as COO of Argo Blockchain, with Sebastien Chalus to continue overseeing operations. Argo issued 1,973,892 new shares for El-Bakly's vested PSUs, which will be admitted to trading on the London Stock Exchange on January 11, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 7:06 am

EXAS

Exact Sciences announces the retirement of CFO Jeff Elliott, who has contributed to the company's growth and transformation. Elliott has been with the company for nearly a decade, playing a key role in the commercialization and financial strength of Cologuard. He will remain during the transition to ensure a smooth leadership change.

Portfolio Pulse from Benzinga Newsdesk

January 07, 2024 | 10:24 pm

SGN

Signing Day Sports, Inc. (NYSE:SGN) has entered into a Common Stock Purchase Agreement with Tumim Stone Capital LLC, allowing the sale of common stock to Tumim over a 24-month term, subject to conditions including SEC registration. The agreement provides flexibility for future strategic opportunities and growth, with no immediate plans to raise capital following a successful IPO. Proceeds from any sales will support working capital and growth initiatives. The shares will be issued under an exemption from registration requirements.

Portfolio Pulse from Benzinga Newsdesk

January 07, 2024 | 8:23 pm

QGEN

QIAGEN N.V. plans to return approximately $300 million to shareholders through a synthetic share repurchase, combining a direct capital repayment with a reverse stock split. The repurchase, approved at the Annual General Meeting in June 2023, will become effective on January 29, 2024. It involves increasing the par value of shares, consolidating shares through a reverse stock split, and then reducing the par value back to pay out the capital repayment to shareholders.

Portfolio Pulse from Charles Gross

January 07, 2024 | 7:36 pm

ATAI

CMPS

CYBN

DMTTF

MAPS Public Benefit Corporation, a subsidiary of MAPS, has raised over $100 million in Series A funding to support FDA approval of MDMA for PTSD treatment. The company will rebrand as Lykos Therapeutics. The investment reflects growing interest in psychedelic treatments for mental illnesses. Atai Life Sciences, Compass Pathways, and Cybin Inc. are also advancing in the psychedelic space with significant investments and acquisitions.

Portfolio Pulse from Maureen Meehan

January 06, 2024 | 8:59 pm

DD

IBKR

Thomas Peterffy, billionaire founder of Interactive Brokers, shared his worst trade involving DuPont de Nemours Inc. (NYSE:DD), where he lost $80,000, half his capital at the time, due to impatience and a mistake in option trading. He also discussed his investment philosophy, emphasizing logic and independent research over secrets or advice from books.

Portfolio Pulse from Rounak Jain

January 06, 2024 | 9:02 am

LVS

Mark Cuban has distributed $35 million in bonuses to Dallas Mavericks employees after selling his majority stake to key shareholders of Las Vegas Sands (NYSE:LVS), including Miriam Adelson and her family. Cuban retains a smaller ownership share and continues to manage basketball operations. The sale was approved by the NBA in December 2023.

Portfolio Pulse from Rounak Jain

January 06, 2024 | 7:07 am

MDAI

Spectral AI Inc has filed a prospectus related to the offering and sale of up to 3.25 million shares of its common stock by B. Riley Principal Capital II, LLC, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 9:46 pm

RBT

Rubicon Technologies Inc has filed with the SEC for a shelf registration allowing selling stockholders to sell up to 7.4 million shares of Class A common stock. This does not represent new financing, but rather provides the opportunity for existing shareholders to sell their shares over time.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 9:34 pm