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Equity Actions

GEHC

GE HealthCare Techs (NYSE:GEHC) has seen a 14.65% increase in short interest since its last report, with 16.55 million shares sold short, representing 4.54% of its float. The short interest is higher than the peer group average of 3.60%. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price decline. It takes traders approximately 6.1 days to cover their short positions based on current trading volume.

Portfolio Pulse from Benzinga Insights

December 01, 2023 | 3:45 pm

LMNR

Limoneira Company (NASDAQ:LMNR) has initiated a process to explore strategic alternatives to maximize shareholder value, which could include a sale, merger, or other transactions. The Board, with management support, is considering all options and has engaged Stephens Inc. as financial advisor and Squire Patton Boggs as legal advisor.

Portfolio Pulse from Charles Gross

December 01, 2023 | 2:15 pm

AIG

CRBG

American International Group, Inc. (AIG) has priced a secondary offering of Corebridge Financial, Inc. (CRBG) common stock at $20.50 per share, with the offering expected to close on December 5, 2023, subject to customary closing conditions.

Portfolio Pulse from Charles Gross

December 01, 2023 | 2:14 pm

SMCI

Supermicro (SMCI) shares have declined following the announcement of a public offering of common stock, which typically dilutes existing shareholders' equity.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 1:43 pm

FTHM

Fathom Holdings Inc. (NASDAQ: FTHM) has priced an underwritten public offering of 3 million shares at $2 per share, aiming to raise $3.45 million. The offering includes 1 million secondary shares and grants the underwriter a 45-day option to purchase up to an additional 15% of the shares. Net proceeds will be used for general corporate purposes and to accelerate agent growth. The offering is set to close on December 5, 2023. Company insiders have agreed to a 90-day lock-up period, with the selling shareholder agreeing to 180 days. Roth Capital Partners is the sole manager for the offering.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 1:39 pm

DBRG

DigitalBridge has announced the appointment of Thomas Mayrhofer as its new CFO and Treasurer, with the effective date set by Q2 2024. This strategic move is expected to bring financial leadership and experience to the company as it continues to grow and expand its operations.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 1:31 pm

KZIA

Kazia Therapeutics has announced a registered direct offering of $2 million, with the expected closing date on or about December 5, 2023.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 1:02 pm

CGC

Canopy Growth has completed the sale of its BioSteel business, receiving aggregate gross proceeds of $30.4 million. This move is part of Canopy Growth's strategic shift to focus on its core markets and operations.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 12:36 pm

NEXI

Neximmune's stock (NEXI) surged 400% in premarket trading. This follows the company's November 2 announcement that its board had unanimously approved a plan for liquidation and dissolution.

Portfolio Pulse from Charles Gross

December 01, 2023 | 12:18 pm

NI

NiSource Inc. has announced the settlement rate for the purchase contract component of its 2021 Equity Units offering. Holders of the corporate unit will receive 3.9295 shares of NiSource common stock, with cash paid for any fractional shares.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 11:33 am