Streetbeat News

Equity Actions

EOSE

Eos Energy Enterprises, Inc. (NASDAQ:EOSE) has priced an underwritten public offering of 34,482,759 shares and accompanying warrants at $1.45 per unit. The warrants have an exercise price of $1.60, are exercisable immediately, and expire in five years. Eos anticipates gross proceeds of approximately $50 million, with the offering expected to close around December 19, 2023. TD Cowen and Stifel are the joint bookrunning managers for the offering.

Portfolio Pulse from Charles Gross

December 15, 2023 | 12:32 am

AIG

BX

CRBG

Corebridge Financial (CRBG) intends to repurchase $150 million of its shares, with $135 million from AIG and $15 million from Blackstone. The transaction is set to close on December 18, 2023, pending customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 11:29 pm

SPLP

Steel Partners Holdings has announced a 1-for-12,500 reverse unit split, immediately followed by a 12,500-for-1 forward unit split, both effective on January 8, 2024.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 11:27 pm

SHIP

Seanergy Maritime Holdings Corp. has announced that its board of directors has authorized a new share buyback program. The company is now permitted to repurchase up to $25 million of its outstanding common shares. This decision reflects the board's confidence in the company's financial strength and commitment to delivering shareholder value. The timing and actual number of shares purchased will depend on a variety of factors including price, market conditions, and applicable legal requirements.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 10:11 pm

NB

NioCorp Developments Ltd. has announced a private placement of $1 million. This capital raise is likely intended to fund the company's ongoing projects or general corporate purposes. The announcement does not specify how the funds will be used or any terms of the placement.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 10:03 pm

RRBI

Red River Bancshares has announced a new share buyback program, under which the company may repurchase up to $5 million of its outstanding common stock. The timing and actual number of shares repurchased will depend on a variety of factors including price, corporate and regulatory requirements, and market conditions.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 10:03 pm

RTX

RTX Corporation has appointed Christopher Calio as its new CEO. The announcement could signal a strategic shift or continuity in leadership, depending on Calio's background and the company's current direction. Investors will be watching for any changes in company policy, strategy, or performance under the new leadership.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 10:03 pm

BLBD

Blue Bird Corporation (BLBD), a manufacturer of school buses, has announced that an affiliate of American Securities LLC plans to offer 2.5 million shares of BLBD stock. This move could potentially affect the stock's market price due to the increase in available shares for trading.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 9:49 pm

CEG

Constellation Energy Corporation's Board has approved an additional $1 billion for its share repurchase program, doubling the total authorization to $2 billion. The repurchases are subject to market conditions and legal requirements and may occur in the open market or through private transactions.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 9:47 pm

LEN

Lennar Corporation has announced plans to allocate capital towards reducing its debt as it matures and to increase its share repurchase target to $2 billion in 2024.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 9:38 pm