Streetbeat News

Equity Actions

DKL

Delek Logistics Partners has priced a public offering of 3,846,153 common units at $39 per unit. The proceeds will be used to redeem convertible preferred units and repay borrowings under its credit agreement.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 6:21 am

CRNX

Crinetics Pharmaceuticals has announced a $500 million upsized public offering of 10 million common shares at $50 per share. The proceeds will be used for R&D, pre-commercialization activities, and potentially for acquisitions or investments.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 6:07 am

PLTR

SRFM

Surf Air Mobility issued 1.27 million shares of common stock to Palantir Technologies for in-kind services valued at $1.6 million.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 9:06 pm

INSI

KIO

KKR Income Opportunities Fund (KIO) will acquire the assets of Insight Select Income Fund (INSI). INSI shareholders will receive KIO shares and may opt for up to 5% in cash. Post-transaction, INSI will be delisted, while KIO continues trading on NYSE.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 8:22 pm

CRDL

Cardiol Therapeutics shares fell after announcing a preliminary prospectus for a proposed public offering of common stock, with the size or amount not disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 8:10 pm

DKL

Delek Logistics Partners, LP (NYSE:DKL) announced a $150 million public offering of common units. The proceeds will be used to redeem convertible preferred units and repay borrowings. Executives have shown interest in purchasing units, but it's not binding.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 8:05 pm

CRNX

Crinetics Pharmaceuticals has announced a proposed public offering of $400 million in common stock, with an option for underwriters to purchase an additional $60 million. The proceeds will be used for R&D, pre-commercialization activities, and potential acquisitions.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 8:02 pm

GM

General Motors (GM) is aiming to reduce its outstanding shares to below 1 billion by early 2025, as stated by the company's CFO during an Investor Day event.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 7:53 pm

ALCE

BPTH

DOCU

JKS

LU

ZJK

U.S. stocks rose with the Nasdaq gaining over 1%, led by a surge in information technology shares. DocuSign shares spiked 8% after being added to the S&P MidCap 400. Alternus Clean Energy and Bio-Path Holdings also saw significant gains, while ZJK Industrial, JinkoSolar, and Lufax Holding experienced declines.

Portfolio Pulse from Avi Kapoor

October 08, 2024 | 6:30 pm

MSOS

Tayyaba Khan from Cassels Brock & Blackwell highlights a trend where early-stage companies prefer equity financing, while more advanced companies are opting for debt financing and refinancing.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 6:15 pm