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Equity Actions

POET

POET Technologies' stock price has declined following the announcement of a $1.4 million underwritten public offering of common shares and warrants.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 3:29 pm

WB

Weibo Corp (NASDAQ: WB) shares dropped 11.5% to a new 52-week low of $10.02 after announcing a $300 million convertible senior notes offering due in 2030 and a proposed offering of ADSs. The notes have a 1.375% interest rate and can be converted to ADSs or cash, with holders having redemption, repurchase, and conversion rights. The offering, which includes potential market activities like short positions and derivatives, is expected to close by December 4.

Portfolio Pulse from Henry Khederian

November 30, 2023 | 3:28 pm

DIS

Trian Fund Management, which owns approximately $3 billion of Disney stock, has been denied board representation by The Walt Disney Company, including their nominee Nelson Peltz. Despite Disney's offer to meet, Trian criticizes the company's performance and plans to appeal directly to shareholders for change, citing a $70 billion loss in shareholder value and underperformance relative to peers and the market.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 3:26 pm

SGBX

Safe & Green Holdings Corp. (SGBX) has sold approximately 658,000 common shares to an institutional investor, resulting in net proceeds of about $390,000. The company aims to use the funds to accelerate manufacturing and construction services growth and support new initiatives. No new warrants were issued in the transaction, reflecting the company's strategy to minimize shareholder dilution.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 3:20 pm

LVS

Options for Las Vegas Sands (LVS) with a strike price of $47, expiring on December 29, are seeing active trading.

Portfolio Pulse from Charles Gross

November 30, 2023 | 2:58 pm

LVS

The article discusses the debate between stock buybacks and dividends, advocating for buybacks. It refutes the claim that buybacks provide only a one-time benefit, arguing that they permanently increase EPS by reducing share count. Dividends, in contrast, can be cut unexpectedly. Buybacks also align management's interests with shareholders, reflect management's confidence in the company's value, and are more tax-efficient than dividends. The article acknowledges the risk of leverage in buybacks but considers it an optional problem. Las Vegas Sands (NYSE:LVS) is mentioned as a company that uses both dividends and buybacks.

Portfolio Pulse from Gary Brode

November 30, 2023 | 2:56 pm

LGF/A

Shareholders of Lions Gate Entertainment Corp. have voted in favor of a proposal for the company to adopt a one-share, one-vote governance structure. Investment firm Neuberger Berman has called on the board to heed the shareholders' decision and adjust the plan of arrangement regarding the company's intended business separation.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 2:31 pm

DIS

Nelson Peltz is seeking two seats on Disney's board, as reported live on CNBC. Following the news, Disney's shares moved higher.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 2:26 pm

POET

POET Technologies Inc. has priced its public offering in the United States at $1.4 million, which includes 1.6 million common shares and equal number of warrants at $0.90 per share and warrant. Each warrant is exercisable at $1.12 for five years. Maxim Group LLC is the sole book-running manager for the offering.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 2:20 pm

BRK.A

KO

Legendary investor Charlie Munger, who passed away on Nov. 28 at the age of 99, once shared a piece of advice that significantly influenced an investor and was also adopted by Warren Buffett. During a dinner with podcaster David Senra, Munger emphasized the importance of aiming for greatness in life and business. Munger's approach included understanding human nature, expecting and preventing problems, and seeking out great businesses and people. His philosophy shaped Berkshire Hathaway's investment strategies, including the decision to invest in Coca-Cola, and contributed to the company's success.

Portfolio Pulse from Chris Katje

November 30, 2023 | 2:10 pm