Streetbeat News

Equity Actions

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

RPHM

Reneo Pharmaceuticals has announced stockholder approval for a merger with OnKure and a 1-for-10 reverse stock split. The combined company will trade on Nasdaq under the ticker 'OKUR'.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 6:51 am

CLOV

JOBY

NVDA

PLTR

TSLA

Nvidia, Palantir, Clover Health, Joby Aviation, and Tesla are in focus due to recent stock movements and news. Nvidia's partnership with Accenture boosts its stock, while Palantir's stock rises after Peter Thiel's share sale. Clover Health and Joby Aviation see significant gains due to social media traction and Toyota's investment, respectively. Tesla's stock drops despite exceeding delivery expectations.

Portfolio Pulse from Benzinga Neuro

October 03, 2024 | 2:42 am

NFE

New Fortress Energy announced two major financial transactions totaling approximately $3 billion. The company issued 46.349 million shares of Class A common stock at $8.63 per share, raising $400 million. CEO Wes Edens purchased $50 million worth of shares. Additionally, a Transaction Support Agreement was made with existing noteholders.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 9:20 pm

GOGL

Golden Ocean Group has extended its share buy-back program for another 12 months, allowing for the repurchase of up to 10 million shares, with a maximum budget of USD 100 million. As of now, 1,507,328 shares have been repurchased for USD 11,629,758. The buy-backs will occur on both the Oslo Stock Exchange and Nasdaq.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 8:34 pm

CSR

Centerspace has expanded its presence in Denver by acquiring The Lydian for $54 million. The acquisition was financed through a combination of mortgage debt, operating partnership units, and cash. Additionally, Centerspace completed the redemption of its 6.625% Series C Preferred Shares, using proceeds from ATM sales and debt pay down.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 8:32 pm

CDXS

Codexis has increased its cash reserves by $31 million through capital raises, extending its cash runway into 2027. The company also appointed Georgia Erbez as CFO and Alison Moore as CTO.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 8:10 pm