Streetbeat News

Equity Actions

APO

SNCY

Sun Country Airlines has priced a secondary public offering of 4 million shares by an affiliate of Apollo Global Management funds. The offering is set to close on December 14, 2023. Concurrently, Sun Country will repurchase approximately $5 million of its shares at the same price the underwriters will buy from the Selling Stockholder.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 7:52 am

KNTK

Kinetik Holdings Inc. (NYSE:KNTK) announced the pricing of an upsized secondary offering of 6.5 million shares of Class A common stock at $31.50 per share by Apache Midstream LLC, a subsidiary of Apache Corporation. The offering was increased from 6 million shares due to strong demand. Kinetik will not receive any proceeds from the sale, and certain officers and directors, including the CEO, will purchase 63,492 shares at the offering price.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 7:27 am

SBOW

SilverBow Resources, Inc. (SBOW) has upsized its public offering from 1.7 million to 2.2 million shares, with an additional option for underwriters to purchase up to 330,000 extra shares. The shares are being offered by an affiliate of Strategic Value Partners, LLC.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 7:23 am

EWU

The U.K. unemployment rate for October remained steady at 4.2%, indicating stability in the job market. This could influence investor sentiment regarding U.K.-related investments and funds.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 7:09 am

NXE

NexGen Energy has updated its at-the-market equity program, allowing the company to offer and sell up to C$500 million worth of common shares directly from the treasury.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 6:40 am

ADPT

ARKF

ARKK

ARKW

COIN

CRSP

GBTC

Ark Invest, led by Cathie Wood, sold over $12.8 million worth of Grayscale Bitcoin Trust (GBTC) shares through its ARK Next Generation Internet ETF (ARKW) as the crypto market shows signs of uncertainty. Additionally, Ark sold 13,634 Coinbase (COIN) shares through ARKK, ARKF, and ARKW, valued at $1.8 million. The sales occurred against a backdrop of fluctuating cryptocurrency prices, with Bitcoin recently crossing the $44K mark. Ark also increased its investments in the biotech sector, purchasing shares of CRISPR Therapeutics (CRSP) and Adaptive Biotechnologies (ADPT).

Portfolio Pulse from Benzinga Neuro

December 12, 2023 | 3:55 am

WM

Waste Management (WM) has announced plans to repurchase up to $1.5 billion of its common stock, replacing the remaining authority under its previous $1.5 billion authorization from 2022.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 10:41 pm

WM

WM's Board has approved a 7.1% increase in the quarterly dividend rate for 2024, from $0.70 to $0.75 per share. This change raises the annual dividend from $2.80 to $3.00 per share, marking the twenty-first consecutive year of dividend increases. The first increased dividend is expected to be paid in March 2024, with each dividend subject to Board approval prior to payment.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 10:39 pm

AMC

AMC Entertainment has successfully raised $350 million through the sale of approximately 48.0 million shares at an average price of $7.29 per share. The company has used part of these funds to reduce its debt by $62 million.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 10:36 pm

CMND

Clearmind Medicine Inc has filed an F-3 form with the SEC for a mixed shelf offering, allowing the company to issue various types of securities up to a total of $50 million.

Portfolio Pulse from Charles Gross

December 11, 2023 | 10:26 pm