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Equity Actions

BABA

XPEV

Alibaba Group Holding Limited has amended its 13D filing to report a 12.5% stake in XPeng Inc. as of December 6, 2023, according to a recent SEC filing.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 9:23 pm

UGI

UGI Corporation has confirmed that its previously announced strategic alternatives review process is still ongoing. No further details have been provided at this time.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 9:20 pm

KIM

RPT

RPT Realty shareholders have overwhelmingly approved the mergers with Kimco Realty Corporation, with 99.8% of votes in favor. The mergers are set to close on January 2, 2024, subject to customary closing conditions. RPT common shareholders will receive 0.6049 Kimco shares for each RPT share, and RPT Preferred Shareholders will receive Kimco Class N Preferred Stock on a 1:1000 basis. Post-merger, the combined company will trade under the ticker 'KIM' on the NYSE, and RPT's shares will be delisted.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 9:20 pm

GECC

Great Elm Capital Corp. (GECC) has announced a special cash distribution of $0.10 per common share, payable on January 12, 2024, to shareholders of record as of December 29, 2023. The distribution is a result of the company's strong portfolio performance and net investment income exceeding regular quarterly distributions for the first three quarters of 2023.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 9:17 pm

MAA

MAA, a real estate investment trust, has announced a 5% increase in its quarterly dividend, raising it to $1.47 per share.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 9:16 pm

CYCC

Cyclacel Pharmaceuticals has announced a 1-for-15 reverse stock split, effectively reducing its outstanding common stock from approximately 12.6 million shares to about 0.84 million shares. The par value will remain unchanged at $0.001 per share. Adjustments will be made to outstanding stock options, restricted stock units, warrants, and the conversion rate of the 6% convertible exchangeable preferred stock. No fractional shares will be issued; instead, shareholders will receive a cash payment for fractional shares based on the adjusted closing sale price on December 18, 2023. The reverse stock split is proportional and does not alter stockholder percentage ownership, except in cases of fractional shares.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 9:13 pm

BFH

Bread Financial Holdings, Inc. (NYSE:BFH) has upsized its private offering of senior notes from $500 million to $600 million, with a 9.750% interest rate due in 2029. The offering is expected to close on December 22, 2023, with an anticipated net proceed of approximately $592.5 million, after discounts and before expenses. The proceeds will be used to redeem outstanding 4.750% Senior Notes due in 2024, repay existing term loans, and cover related fees and expenses, with any remainder for general corporate purposes. The notes will be guaranteed by the Company's domestic subsidiaries.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 9:12 pm

GSD

Global System Dynamics, Inc. (GSD) announced an additional one-month extension to complete its initial business combination, now set for January 9, 2024. The extension is made possible by a $29,816.63 contribution from its sponsor, DarkPulse, Inc., to GSD's trust account. This contribution increases the pro rata funds available to stockholders in the event of a business combination or other redemption event by $0.0625 per share. The funds are provided as a non-interest bearing loan to be repaid upon a business combination or liquidation.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 9:03 pm

AMGN

Amgen (NASDAQ:AMGN) has increased its quarterly dividend from $2.13 to $2.25 per share for Q1 2024, marking the 12th consecutive year of dividend growth. The dividend is payable on March 7, 2024, to shareholders of record as of February 16, 2024.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 9:01 pm

CAVA

CAVA Group shares are experiencing an increase in trading activity due to the expiration of the IPO lockup period, which typically restricts insiders from selling their shares for a set period following an IPO.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 8:44 pm