Streetbeat News

Equity Actions

SEEL

Seelos Therapeutics, Inc. (NASDAQ:SEEL) has announced the pricing of its public offering at $5.55 million, which includes 1,781,934 shares of common stock, pre-funded warrants for 2,422,612 shares, and common warrants for 4,204,546 shares. The offering price is $1.32 per share of common stock and accompanying common warrant, and $1.319 per pre-funded warrant and accompanying common warrant.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 7:12 am

LVS

Las Vegas Sands Corp. (LVS) has announced the pricing of a secondary public offering of 46,264,168 shares by principal stockholder Dr. Miriam Adelson and The Miriam Adelson Trust at $44 per share. The offering is set to close on December 1, 2023, and the company will not receive any proceeds from the sale.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 7:04 am

FFND

GOOGL

TSLA

Gary Black, a Tesla investor, expressed frustration over criticism from other Tesla bulls for his willingness to challenge the company's strategies. He believes that healthy debate on risks is essential for investing. Despite his optimism about Tesla's EV sector dominance, Black has concerns about aggressive price cuts and sees advantages in launching a $25,000 Tesla model. Tesla's stock performance has also been affected by Elon Musk's Twitter acquisition. Tesla is a significant holding in Future Fund's Active ETF (FFND), with Alphabet Inc. as the top holding.

Portfolio Pulse from Shanthi Rexaline

November 29, 2023 | 7:01 am

BITF

Bitfarms has completed a private placement, raising C$60 million from U.S. institutional investors. The deal included the sale of 44,444,446 common shares and warrants for an additional 22,222,223 shares at C$1.35 per share and C$1.61 per warrant, respectively. The warrants are exercisable for three years.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 6:59 am

CRWD

CrowdStrike has expanded its presence in Asia by opening a new hub in Singapore. This strategic move aims to enhance the company's ability to serve its customers in the region and capitalize on the growing cybersecurity market in Asia.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 6:48 am

MKC

McCormick & Company, Incorporated's Board of Directors has declared an increase in the quarterly dividend from $0.39 to $0.42 per share, to be paid on January 8, 2024, to shareholders of record as of December 29, 2023.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 6:30 am

AIRT

AIRTP

Air T, Inc. has completed a private placement of $4 million of its 8% Trust Preferred Securities at $17 per share, resulting in a 12.1% yield to maturity. The main purchasers were the company's largest shareholder and their affiliates. Additionally, these buyers have the option to purchase an additional $4 million of securities at the same price.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 6:25 am

SQ

Block Inc. CEO Jack Dorsey led a $6.2M seed funding round for Mummolin, Inc., a company focused on decentralizing Bitcoin mining with its OCEAN initiative. OCEAN aims to address centralization concerns in Bitcoin mining pools by offering a transparent, non-custodial platform that allows miners to receive block rewards directly. The investment round included other participants such as Accomplice and NewLayer Capital. OCEAN's development will continue with further decentralization enhancements planned for 2024.

Portfolio Pulse from Benzinga Neuro

November 29, 2023 | 4:58 am

TSLA

Tesla Inc (NASDAQ:TSLA) has updated its loyalty program, removing the offer of three months of free Full Self-Driving (FSD) capability for existing North American Tesla owners purchasing a new Model Y or 3. Instead, these customers will now receive 10,000 credits and 6 months of free supercharging. The change comes after concerns about the high cost of FSD, which is priced at $12,000. Tesla had previously provided a one-time FSD transfer amnesty, which ended in September. New Tesla owners will still receive three months of free FSD to experience its features.

Portfolio Pulse from Anan Ashraf

November 29, 2023 | 4:18 am

BA

CAH

DELL

TMUS

Jim Cramer, host of CNBC's Mad Money, expressed optimism about Boeing Co. (NYSE:BA), predicting a favorable year for the company. He also recommended stocks from Dell Technologies Inc. (NYSE:DELL), T-Mobile US Inc (NASDAQ:TMUS), and Cardinal Health Inc. (NYSE:CAH). Cramer's bullish stance on Boeing aligns with RBC Capital Markets' recent upgrade of the stock, citing a positive shift in sentiment and a potential rally of over 25%.

Portfolio Pulse from Benzinga Neuro

November 29, 2023 | 3:04 am