Streetbeat News

Equity Actions

HOLO

MicroCloud Hologram Inc. (NASDAQ:HOLO) shares are declining after shareholders approved a 1-for-20 reverse stock split to meet Nasdaq's minimum bid price requirement. The stock will trade on a split-adjusted basis starting October 9, 2024. The reverse split will significantly reduce the number of outstanding shares.

Portfolio Pulse from Erica Kollmann

October 03, 2024 | 3:11 pm

CBNA

Chain Bridge Bancorp, Inc is set to IPO on October 4th on the NYSE under the ticker CBNA, with shares priced between $24.00 and $26.00. The insider lock-up period will last 180 days, ending on April 2, 2025.

Portfolio Pulse from Benzinga Insights

October 03, 2024 | 3:00 pm

EQX

Equinox Gold's shares are trading lower following the announcement of issuing 24,761,905 new shares.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 1:15 pm

ONCO

Onconetix, Inc. (NASDAQ:ONCO) has announced a $2 million private placement of Series C Preferred Stock and warrants, along with a $25 million equity line of credit. The funds will be used for working capital and general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 1:09 pm

ATNF

180 Life Sciences shares are trading higher following the issuance of 1 million shares of Series B convertible preferred stock and warrants to purchase 3 million shares to acquire Advanced Gaming Technology Platform.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 12:43 pm

FPI

Farmland Partners Inc. (NYSE:FPI) is selling a 46-farm portfolio for $289 million, aiming to reduce debt, buy back stock, and pursue acquisitions. The sale is expected to generate a $50 million gain. FPI shares are trading lower by 1.04% following the announcement.

Portfolio Pulse from Nabaparna Bhattacharya

October 03, 2024 | 12:21 pm

GRRR

Gorilla Technology Group Inc. (NASDAQ:GRRR) is actively combating market manipulation of its stock and plans to repurchase more shares under its buyback program, indicating confidence in its undervalued stock.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 12:21 pm

SLNH

Soluna has reached significant milestones to access a $25 million growth capital line, allowing for the prepayment of convertible notes and the expansion of its AI data center. The company has amended agreements with its Series B preferred stockholder to utilize a standby equity purchase agreement with Yorkville Advisors.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 12:06 pm

EQX

Equinox Gold has issued 24,761,905 shares to Ninety Fourth Investment Company, an affiliate of MDC Industry, as a result of the conversion of a $130 million convertible note held by MDC.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 10:14 am

PNTG

The Pennant Group has announced a public offering of 3.5 million common shares at $31 per share, totaling $108.5 million. The proceeds will be used to repay debt and for general corporate purposes. The offering is expected to close on October 4, 2024.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 6:56 am