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Equity Actions

DDC

DayDayCook, a leading content-driven food consumer brand, has announced the pricing of its initial public offering (IPO) of 3.9 million Class A Ordinary Shares at $8.50 per share. The company, listed as DDC Enterprise Ltd (NYSEAM:DDC), has also granted underwriters a 30-day option to purchase up to an additional 585,000 shares at the IPO price, minus underwriting discounts and commissions.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 7:30 am

DDC

DDC Enterprise Ltd, known as DayDayCook, has announced the pricing of its IPO at $8.50 per share, offering 3.9 million shares. The company expects to raise $33.15 million before expenses, with an additional option for underwriters to purchase 585,000 shares. Trading on the NYSE American is set to begin on November 17, 2023, under the ticker symbol 'DDC'.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 7:30 am

DRS

Leonardo DRS, Inc. has announced the pricing of an upsized secondary offering of 18 million shares at $17.75 each by its subsidiary, Leonardo US Holding, LLC. The underwriters have a 30-day option to buy up to an additional 2.7 million shares. The offering is set to close on November 21, 2023, pending customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 6:29 am

PBA

Pembina Pipeline announced that there will be no conversion of Series 1 preferred shares to Series 2 shares in December due to insufficient tenders.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 6:13 am

ENB

Enbridge announced that the conversion of Series N Shares into Series O Shares scheduled for December 1, 2023, will not occur due to insufficient tendering by the November 16 deadline. Less than the required 1,000,000 Series N Shares were submitted for conversion.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 6:13 am

ORLY

On November 16, 2023, the Board of O'Reilly Automotive approved a resolution to increase the share repurchase authorization by an additional $2.0 billion, raising the total authorization under the program to $25.75 billion, according to a recent filing.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 9:58 pm

AENZ

AENZA has notified the NYSE of its intention to voluntarily delist its American Depositary Shares (ADSs) from the exchange. Each ADS represents 15 of AENZA's common shares.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 9:44 pm

BBLG

Bone Biologics has announced a registered direct offering priced at-the-market under Nasdaq rules. This type of offering allows the company to sell shares directly to investors. The announcement does not specify the number of shares or the price at which they will be sold, but it indicates that the offering will be conducted in accordance with Nasdaq's at-the-market rules.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 9:43 pm

BHF

Brighthouse Financial has announced a new stock repurchase program, under which the company is authorized to buy back up to $750 million of its own shares. This move is typically seen as a sign of confidence by the company's management in the firm's financial health and future prospects. It can also be interpreted as a strategy to enhance shareholder value by potentially increasing earnings per share and return on equity, as well as by showing a commitment to returning capital to shareholders.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 9:40 pm

PRI

Primerica's Board has authorized a new share repurchase program, allowing the company to buy back up to $425 million worth of its shares until December 31, 2024.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 9:40 pm