Streetbeat News

Equity Actions

ORMP

SCLX

Scilex Holding Company has announced a $50 million registered convertible financing deal to purchase up to 7.5 million shares of common stock. This move aims to refinance and restructure existing debt, involving affiliates of Murchinson, 3i LP, and Oramed Pharmaceuticals. The financing is expected to close by October 7, 2024, and is part of Scilex's strategy to strengthen its financial profile and support its growth as a non-opioid pain management company.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 1:54 pm

SKYX

SKYX Platforms shares rose following the completion of an $11 million strategic investment in a new class of preferred stock, convertible at $2.00 per common share with an 8% annual dividend.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 1:31 pm

SKYX

SKYX Platforms Corp. has completed an $11 million strategic investment in a new class of preferred stock, with a conversion price of $2 per share and an 8% annual dividend. The investment was led by Lance Shaner and includes other strategic investors. SKYX aims to be cash flow positive by 2025.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 1:28 pm

ADTX

Aditxt has filed for a common stock offering to raise up to $35 million. This move could impact the company's stock price and investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 1:27 pm

XPON

Expion360 has authorized a 1-for-100 reverse stock split, which will consolidate every 100 shares of its common stock into one share. This move is typically aimed at increasing the stock price by reducing the number of shares outstanding.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 12:35 pm

WLDS

Wearable Devices Ltd. (NASDAQ:WLDS) announced a 1-for-20 reverse stock split, effective October 10, 2024. The company's shares and warrants will trade on a split-adjusted basis under the same symbols, WLDS and WLDSW.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 12:06 pm

MYTE

Mytheresa is set to acquire YOOX NET-A-PORTER from Richemont in a €555 million cash deal, issuing a 33% equity stake to Richemont. The transaction, expected to close in H1 2025, will form a global multi-brand luxury group.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 6:42 am

KLC

KinderCare Learning Companies, Inc (NYSE:KLC) is set to go public on October 9, offering 24 million shares at $25 each, with a price range of $23-$27 and a 180-day lockup period.

Portfolio Pulse from Benzinga Insights

October 06, 2024 | 5:11 pm

PSTV

Plus Therapeutics has filed for a mixed shelf offering of up to $100 million, according to an SEC filing. This move allows the company to raise capital through the sale of various securities.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 8:16 pm

VERB

Verb Technology Company, Inc. (NASDAQ:VERB) announced a 1-for-200 reverse stock split, effective October 9, 2024. The stock will continue trading under the symbol 'VERB' with a new CUSIP number.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 8:03 pm