Streetbeat News

Equity Actions

YSG

Yatsen Holding Limited (YSG) has increased its share buyback program from $150 million to $200 million and extended the term through November 19, 2025. Since the program's inception on November 17, 2021, Yatsen has repurchased approximately 100 million ADSs for about $126.5 million.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 10:10 am

J

Jacobs (NYSE:J) has announced a definitive agreement to spin-off and merge its Critical Mission Solutions and Cyber & Intelligence government services businesses with Amentum, forming a new publicly-traded company in the government services sector. This follows Jacobs' May announcement of its intent to separate its CMS business. The new entity will have approximately $13 billion in annual revenue. Jacobs will retain its next-generation data solutions and digital technologies business, which is part of its DVS segment.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 7:39 am

OVV

Ovintiv Inc. (NYSE:OVV) announced the upsize and pricing of an underwritten public offering of its common stock by NMB Stock Trust. The offering size increased from 8.4 million to 9.4 million shares at $44.35 per share, totaling approximately $416.9 million. Ovintiv will not sell any shares nor receive proceeds from this offering. The offering is expected to close on November 22, 2023.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 7:35 am

UBER

Uber Technologies, Inc. has priced an upsized offering of $1.5 billion in 0.875% Convertible Senior Notes due 2028, increased from the initial $1.2 billion. The offering includes an option for initial purchasers to buy an additional $225 million of the notes. The sale is targeted at qualified institutional buyers and is expected to close by November 24, 2023, subject to customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 7:32 am

ARKB

Ark Invest, led by Cathie Wood, has filed a third amendment to its spot Bitcoin ETF filing, indicating ongoing conversations with the SEC. The proposed ARK 21Shares Bitcoin ETF, to be traded under the ticker 'ARKB' on the BZX Exchange, includes a fee structure and enhanced risk disclosures. Bloomberg experts view these updates as positive signs for eventual SEC approval. The deadline for the SEC's decision is now January 11, 2024.

Portfolio Pulse from Khyathi Dalal

November 20, 2023 | 10:21 pm

ITCL

Banco Itaú Chile has announced the effectiveness of its voluntary delisting of American Depositary Shares (ADSs) from the New York Stock Exchange (NYSE).

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 10:20 pm

ELUT

Elutia has announced that selling securityholders may offer and sell up to 18.57 million shares of its Class A common stock. This could potentially increase the stock's liquidity and may result in downward pressure on the share price due to the increased supply of shares available in the market.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 10:01 pm

DSX

Diana Shipping has announced a pro-rata distribution of warrants to purchase its common stock. This distribution is likely to be a strategic move to incentivize shareholders and could potentially dilute the value of existing shares if a significant number of warrants are exercised.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 9:48 pm

LU

Lufax Holding has announced a change in the ADS (American Depositary Share) ratio, moving from the current 2 ADSs representing 1 ordinary share to a new ratio where 1 ADS will represent 2 ordinary shares. This change is expected to be effective on or about December 15.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 9:33 pm

UAL

United Airlines Holdings has filed with the SEC for a potential mixed shelf offering, although the size of the offering has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 9:33 pm