Streetbeat News

Equity Actions

SNCE

Science 37 Holdings, Inc. has announced a 1-for-20 reverse stock split, which will be effective on December 8. This corporate action is typically used by companies to boost the price of their stock to comply with exchange listing requirements and may affect the perceived value and liquidity of the stock.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 12:02 pm

EXK

Endeavour Silver Corp. announced Elizabeth Senez as the new CFO effective January 1, 2024, succeeding Christine West who will retire but remain on the Board of Directors. Senez brings over 20 years of experience in finance to Endeavour.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 11:54 am

STN

Stantec has set ambitious financial targets for the end of 2026, including a net revenue goal of $7.5 billion, organic net revenue growth with a CAGR of over 7%, an adjusted EBITDA margin between 17% to 18%, and an adjusted diluted EPS CAGR of 15% to 18%.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 11:52 am

IAS

Integral Ad Science Holding Corp. (NASDAQ:IAS) has announced the pricing of a secondary offering of 11 million shares at $14.00 per share by Vista Equity Partners-affiliated funds. The offering is expected to close on December 7, 2023, with underwriters having an option to buy an additional 1.65 million shares.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 11:34 am

ARES

Ares Management Corporation, a global alternative investment manager, has successfully raised around $3.3 billion for real estate secondaries capital. This includes the Landmark Real Estate Fund IX, General Partner commitments, and affiliated vehicles.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 11:32 am

FENC

Fennec Pharmaceuticals Inc. has announced a third closing of $5 million in senior secured promissory notes under an existing agreement with Petrichor. The original deal allowed for up to $20 million in additional financing until December 31, 2023. The agreement has been amended to provide access to up to $15 million more through December 31, 2024.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 10:58 am

BITF

EQH

GOGL

IXHL

MMSI

NOK

RCKT

TTWO

U.S. stock futures are down, with Dow Jones futures dropping over 40 points. Merit Medical Systems (MMSI) shares fell 3.8% in pre-market trading due to a proposed private placement of $550 million in convertible senior notes. Other stocks experiencing pre-market losses include Incannex Healthcare (IXHL), Rocket Pharmaceuticals (RCKT), Take-Two Interactive Software (TTWO), Equitable Holdings (EQH), Nokia (NOK), Bitfarms (BITF), and Golden Ocean Group (GOGL).

Portfolio Pulse from Lisa Levin

December 05, 2023 | 10:21 am

ACRO

Acropolis Infrastructure announced it will dissolve and redeem all outstanding shares by December 19, 2023. Shareholders will receive approximately $10.49 per share, less taxes, with about $83.94 million available for redemption. The company's securities will cease trading on the NYSE on December 18, 2023, and shares will be cancelled the following day, representing only the right to the Redemption Amount.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 6:58 am

KYN

Kayne Anderson Energy Infrastructure Fund (KYN) reported its net assets as of November 30, 2023, totaling $1.8 billion with a net asset value (NAV) per share of $10.51. The company's asset coverage ratios under the 1940 Act were 659% for senior securities representing indebtedness and 456% for total leverage, including debt and preferred stock.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 6:52 am

AAPL

A check signed by Apple Inc co-founder Steve Jobs in 1976 is expected to fetch over $20,000 at auction. The check, which references the 'Apple Computer Company,' is a rare collectible as Jobs was known for rarely giving autographs. In the past, items signed by Jobs have sold for high amounts, with a letter declining an autograph request selling for $479,939 in 2021. The auction for the check is currently active with bids exceeding $22,000. Radio Shack, mentioned in the check's history, filed for bankruptcy in 2015.

Portfolio Pulse from Benzinga Neuro

December 05, 2023 | 6:13 am