Streetbeat News

Equity Actions

NDAQ

Nasdaq has successfully raised $13 billion through 125 Initial Public Offerings (IPOs) this year. Additionally, the exchange saw 26 companies transfer to Nasdaq, representing a total market value of $374 billion.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 12:15 pm

CMC

Commercial Metals Company (NYSE:CMC) has announced a new reporting structure effective from the first quarter of fiscal 2024. The structure includes three segments: North America Steel Group, Europe Steel Group, and Emerging Businesses Group. This change reflects the company's operational evolution, growing importance of non-steel solutions, and strategic decision-making processes. The realignment only affects reporting segments and does not alter CMC's consolidated results. Historical data under the new structure for fiscal years 2022 and 2023 is provided in the release.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 11:47 am

DWAC

Digital World Acquisition Corp (DWAC) has experienced terminations of approximately $484.5 million of its private investment in public equity (PIPE). Management is working to unwind the remaining balance of the PIPE as reported in an 8-K filing.

Portfolio Pulse from Charles Gross

December 14, 2023 | 11:13 am

BRN

Barnwell Industries has entered into an agreement to sell its subsidiary Water Resources International for gross proceeds of $2 million. This transaction is part of Barnwell's strategic initiatives to optimize its asset portfolio.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 11:03 am

OCUL

Ocular Therapeutix, Inc. has announced the pricing of an underwritten public offering of 30.8 million shares at $3.25 per share, aiming to raise gross proceeds of $100.1 million before deductions for underwriting discounts, commissions, and other expenses.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 7:23 am

SDRL

Seadrill Limited has completed its $250 million share buyback program and has announced an additional authorization to repurchase up to another $250 million of its common shares. The new buyback program has no set time limit and the company is not obligated to repurchase any specific number of shares.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 7:22 am

NAAS

NaaS Technology (NASDAQ:NAAS), a U.S. listed EV charging service company in China, has been included in the Solactive Electric Vehicle Charging Infrastructure Index effective December 1st, 2023. This follows its recent inclusions in the WilderHill Clean Energy Index and NASDAQ Golden Dragon China Index.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 7:08 am

ASLE

AerSale has announced the pricing of a secondary offering of 4 million shares by affiliates of Leonard Green & Partners, L.P. The shares will be sold on the Nasdaq Capital Market and other venues at market or negotiated prices.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 6:51 am

COIN

GBTC

TTD

TXG

ZM

Ark Invest, led by Cathie Wood, sold over $42 million worth of Coinbase Global Inc (COIN) shares despite a surge in Bitcoin and Ethereum prices. The sales were conducted through ARK Innovation ETF (ARKK) and ARK Next Generation Internet ETF (ARKW). Additionally, Ark sold units of Grayscale Bitcoin Trust (GBTC) and purchased shares of Zoom Video Communications (ZM), 10X Genomics Inc (TXG), and The Trade Desk Inc (TTD).

Portfolio Pulse from Benzinga Neuro

December 14, 2023 | 4:03 am

OCUL

Ocular Therapeutix, Inc. (NASDAQ:OCUL) shares dropped 15.48% in after-hours trading following the announcement of an underwritten public offering of its common stock. The terms, size, and timeframe of the offering were not disclosed, but the company may grant a 30-day option for underwriters to purchase an additional 15% of the shares. The proceeds are intended for the Phase 3 clinical development of AXPAXLI, other clinical programs, working capital, and general corporate purposes.

Portfolio Pulse from Ryan Gustafson

December 13, 2023 | 10:59 pm