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Equity Actions

SCLX

Scilex Holding Co has filed with the SEC for a mixed shelf offering, allowing it to sell various types of securities up to a total of $500 million.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 9:25 pm

KNW

Know Labs Inc has filed with the SEC for a mixed shelf offering, allowing the company to issue various types of securities up to a total of $18 million. This move could potentially dilute current shareholders but also provides the company with a mechanism to raise capital flexibly.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 9:24 pm

SCLX

Scilex Holding Co has entered into a sales agreement according to an SEC filing, which allows the company to offer and sell up to $170 million in shares of its common stock from time to time.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 9:23 pm

VRM

Vroom has filed a preliminary proxy statement with the SEC for a special stockholders' meeting on Feb. 5, 2024, to consider a reverse stock split of its common stock at a ratio between 1-for-35 to 1-for-80.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 9:21 pm

MSFT

OpenAI is reportedly planning a new primary funding round in the new year with a valuation above $100 billion, following a tender closing early January valuing the startup at $86 billion. Additionally, OpenAI is in discussions with G42 to invest in the AI chip project Tigris.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 9:21 pm

ESBA

ESRT

FISK

OGCP

Empire State Realty Trust, Inc. has announced a new stock repurchase program authorizing the buyback of up to $500 million of its Class A common stock and operating partnership units. This new program will be in effect from January 1, 2024, to December 31, 2025, replacing the existing repurchase authorization set to expire at the end of 2023.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 9:18 pm

AMC

AMC Entertainment has entered into a private exchange agreement, issuing 3,793,475 shares of Class A common stock in exchange for $27 million of its 10%/12% Cash/PIK Toggle Second Lien Subordinated Notes due 2026, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 9:16 pm

LQDA

Liquidia Corp has filed with the SEC for a mixed shelf offering, allowing the company to issue various types of securities up to a total of $200 million.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 9:13 pm

VS

Versus Systems Inc. (NASDAQ:VS) has announced a 1-for-16 reverse stock split effective at the close of trading on December 28, 2023. This action is to comply with Nasdaq's listing requirements and will reduce the number of outstanding shares from approximately 40.1 million to about 2.5 million. No fractional shares will be issued, and any fractions will be rounded to the nearest whole share. Equity awards and exercise prices will be adjusted accordingly. The split-adjusted trading will start on December 29, 2023, and shares will have a new CUSIP number post-Consolidation.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 9:06 pm

PFX

PhenixFIN Corporation (NASDAQ:PFX) reported a 23% increase in NAV per share for FY23, from $57.29 to $70.75. The company's total investment income for the fourth quarter was $5.7 million, with net investment income of $1.9 million. The portfolio's fair value was $226.5 million across 42 companies, with 4 investments on non-accrual status. PhenixFIN repurchased 28,416 shares in FY23 and ended the quarter with $6.0 million in cash and cash equivalents.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 9:03 pm