Streetbeat News

Equity Actions

RCAT

AIGH Capital Management has disclosed a 7.4% ownership stake in Red Cat Holdings, as reported in a recent 13G filing.

Portfolio Pulse from Charles Gross

December 08, 2023 | 11:16 am

VTMX

Corporación Inmobiliaria Vesta, S.A.B. de C.V. (Vesta), listed as VTMX on the NYSE, has announced the pricing of its underwritten public offering of 4.25 million American Depositary Shares (ADSs) at $35 per ADS. Each ADS represents ten of Vesta's common shares registered in Mexico's National Securities Registry.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 7:50 am

MT

ArcelorMittal has finalized the sale of its Kazakh steel and mining operation, ArcelorMittal Temirtau, to Qazaqstan Investment Corporation for a total consideration of $986 million. The deal includes an initial payment of $286 million, $250 million for outstanding intra-group dues, and an additional $450 million guaranteed by a sovereign fund, to be paid in four annual installments.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 7:42 am

SYRE

Spyre Therapeutics has secured $180 million in private investment in public equity (PIPE) financing to advance its treatment pipeline for inflammatory bowel disease.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 7:26 am

NKLA

Nikola Corporation (NASDAQ:NKLA) has priced its offerings of 133,333,334 common shares at $0.75 each and $175 million in 8.25% Green Convertible Senior Notes due 2026. Both offerings are set to settle on December 12, 2023, with each offering's completion independent of the other.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 7:15 am

ACCD

ADPT

GBTC

HOOD

IRDM

PD

TTD

Ark Invest, led by Cathie Wood, sold approximately $2.9 million worth of Grayscale Bitcoin Trust (GBTC) shares amid crypto market volatility. The sale occurred through the ARK Next Generation Internet ETF (ARKW) as Bitcoin and Ethereum experienced mixed performance. Ark also sold shares of Robinhood Markets Inc (HOOD) through ARK Innovation ETF (ARKF). Additionally, Ark made significant purchases in the healthcare and tech sectors, including Adaptive Biotechnologies (ADPT) and Accolade Inc (ACCD) through ARK Genomic Revolution ETF (ARKG), and investments in Trade Desk Inc (TTD), PagerDuty Inc (PD), and Iridium Communications Inc (IRDM) through multiple ETFs.

Portfolio Pulse from Benzinga Neuro

December 08, 2023 | 3:10 am

CZOO

Cazoo Group Ltd has filed for a secondary offering of 4,499,721 Class A ordinary shares, according to a recent SEC filing.

Portfolio Pulse from Charles Gross

December 07, 2023 | 10:28 pm

TBCPU

Thunder Bridge Capital Partners III (TBCPU) has announced its intention to liquidate as it cannot complete a business combination by the deadline of February 10, 2024. The board of directors has made this decision after evaluating the company's inability to achieve a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar transaction.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 10:18 pm

GSL

Global Ship Lease, Inc. (NYSE:GSL) announced a CEO transition with Ian Webber retiring and Thomas Lister succeeding as CEO effective March 31, 2024. Webber, who has been CEO since GSL's inception in 2007, will join the Board of Directors. Lister, with the company since 2007 and currently Chief Commercial Officer, has been instrumental in GSL's public listing, merger with Poseidon Containers, and decarbonization efforts. Executive Chairman George Youroukos praised Webber's leadership and expressed confidence in Lister's qualifications for guiding GSL through industry changes.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 9:50 pm

CUBE

CubeSmart, a self-administered and self-managed real estate investment trust, has announced a 4.1% increase in its quarterly common dividend, raising it to $0.51 per share.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 9:46 pm