Streetbeat News

Equity Actions

HASI

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI) plans to revoke its REIT status and become a C-Corporation effective January 1, 2024. The Board believes this will not materially impact business operations and will allow tax-efficient operation due to existing NOLs. The change is aimed at providing greater flexibility to capitalize on clean energy opportunities.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 9:28 pm

NAAS

NaaS Technology Inc. (NASDAQ:NAAS) has expanded its Amended and Restated New 2022 Share Incentive Plan by increasing the number of Class A ordinary shares available for awards to 490,563,333, effective December 20, 2023. This number will further increase annually by 1% of the total issued and outstanding shares, starting January 1, 2024, subject to board discretion. No other significant changes were made to the plan.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 9:25 pm

BNZI

YA II PN, Ltd. has reported a 9.9% stake in Banzai International according to a 13G filing with the SEC.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 9:22 pm

MPC

Marathon Petroleum Corp. has appointed Maryann Mannen as President and John Quaid as Executive Vice President and CFO. These leadership changes could signal a strategic shift or stability within the company, potentially affecting investor sentiment and stock performance.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 9:22 pm

SF

Stifel Financial Corp. (NYSE:SF) reported an increase in total client assets by 6% and total fee-based assets by 7% for November 2023 compared to the previous month. The increase was attributed to strong equity and fixed income markets, as well as ongoing recruiting activities. Institutional Group revenues also improved due to increased investment banking activity. However, delays in M&A closings are still affecting revenue. The company cautions that the limited data provided should not be assumed to consistently correlate with earnings.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 9:14 pm

PBLA

Panbela Therapeutics' stock is trading lower following the announcement of a $2 million private placement deal involving existing warrants for 2,556,000 shares at $0.78 each.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 8:30 pm

AAPL

GOOGL

The S&P 500 index experienced a 1.4% drop on Wednesday, ending a 10-day winning streak despite positive economic indicators and a dovish Federal Reserve. The decline was attributed to heavy trading in zero-day options (0DTE), particularly put options, which forced market makers to sell stocks to hedge their exposure. The sell-off was concentrated in major tech stocks, including Apple and Alphabet, which have seen significant rallies this year. Some analysts view the pullback as a warning sign, while others attribute it to low trading volumes typical of the holiday season.

Portfolio Pulse from Neil Dennis

December 21, 2023 | 7:23 pm

THTX

Theratechnologies Inc has filed with the SEC to offer mixed securities up to $100 million. This move allows the company to finance future growth, pay down debt, or fund acquisitions and investments.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 6:31 pm

IREN

Iris Energy's stock price is on the rise after the company successfully completed its targeted equity raising program, which ensures full funding for its 10 EH/s expansion program.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 6:21 pm

LTRY

Lottery.com Inc. has received an $18 million investment commitment from Prosperity Investment Management to accelerate strategic acquisitions and market development for Lottery.com and Sports.com brands. The investment will be funded through a vehicle provided by United Capital Investments Limited.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 6:01 pm