Streetbeat News

Equity Actions

CZOO

Cazoo Group Ltd (NYSE:CZOO) has completed its debt restructuring, exchanging $630 million of 2.00% Convertible Senior Notes for $200 million of senior secured notes and 4,499,721 Class A ordinary shares. This represents approximately 92% of the estimated outstanding shares post-restructuring. A 1-for-100 reverse stock split and share capital increase were also effected. The company distributed new warrants to shareholders and introduced a new Board of Directors, signaling a significant inflection point for Cazoo's future growth and strategic initiatives.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 1:10 pm

GBLI

Global Indemnity Group, LLC has halted its exploration of selling or merging its subsidiaries Penn-America and Global Indemnity. The company plans to proceed with share repurchases under its current $135 million authorization.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 1:07 pm

PMTS

CPI Card Group has entered into an agreement to purchase shares of its common stock from Tricor Pacific Capital Partners (Fund IV).

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 12:21 pm

CCI

Shares of Crown Castle Inc. (CCI) are trading higher following a letter from Elliott Investment Management indicating their intent to nominate a new Board if the current Board does not enact necessary leadership changes.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 12:16 pm

ETNB

89bio, Inc. has announced the pricing of its upsized underwritten public offering of 15,135,135 shares at a price of $9.25 per share. This follows a previous announcement about the public offering.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 12:08 pm

CMPS

Compass Pathways, a mental health care company, has announced the appointment of Teri Loxam as its new Chief Financial Officer (CFO), with her tenure set to begin in March 2024. This strategic move could signal the company's commitment to strengthening its leadership team and potentially driving forward its financial strategies and growth initiatives.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 12:05 pm

WVE

Wave Life Sciences has priced a public offering of 20 million shares at $5 per share. This move is aimed at raising capital, potentially for research, development, and corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 12:04 pm

CCI

Elliott Investment has sent a letter to the board of Crown Castle, indicating its intention to nominate a new board if the current board is unwilling to implement necessary leadership changes. This move suggests potential activist investor action aimed at influencing the company's direction and management.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 11:34 am

BMY

Bristol Myers Squibb has announced an additional $3 billion share repurchase authorization, bringing the total outstanding authorization to approximately $5 billion.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 11:31 am

XPL

Solitario Resources Corp has filed for a mixed shelf offering, allowing the company to issue various types of securities up to a total of $16 million. This move could potentially dilute current shareholders but also provides the company with a mechanism to raise capital flexibly over time.

Portfolio Pulse from Charles Gross

December 07, 2023 | 11:09 am