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Equity Actions

KBNT

Kubient, a technology company in the digital advertising sector, has announced its decision to voluntarily delist from the Nasdaq Capital Market. The company has not provided specific reasons for this decision, but delisting from a major exchange like Nasdaq is often related to difficulties in maintaining the listing requirements, which could include minimum share price, market capitalization, or financial and reporting standards. This move could have various implications for the company, including reduced liquidity and visibility among investors.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 11:08 pm

COTY

Coty Inc. (NYSE:COTY) has expanded its share repurchase program by $600 million, bringing the total authorization to about $1 billion. The company plans to hedge its exposure through total return swaps with banks for a future buyback of approximately 25 million shares in fiscal 2026.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 11:03 pm

SUAC

ShoulderUp Technology Acquisition Corp. (SUAC) has updated its estimated redemption price to approximately $10.55 per share, a decrease from the previously reported $10.63. This change is due to the net amount in the trust account, which is $43,839,754 as of November 9, 2023, after accounting for expected franchise and income taxes. The closing price of SUAC's common stock on November 9 was $10.65. Stockholders can still vote or change their vote for the upcoming Special Meeting, and those wishing to withdraw their redemption requests can do so before November 15, 2023.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 10:48 pm

CAN

Canaan Inc. has announced a potential offering and sale of American Depositary Shares (ADSs) representing Class A ordinary shares, with an aggregate offering price of up to $148 million. The offering will be conducted from time to time as market conditions allow.

Portfolio Pulse from Charles Gross

November 13, 2023 | 10:34 pm

AEE

Ameren Corporation has announced a public offering of its common stock, aiming to raise up to $907.7 million. The offering is detailed in a filing with the SEC, which can provide investors with more specific information regarding the terms and conditions of the stock sale.

Portfolio Pulse from Charles Gross

November 13, 2023 | 10:32 pm

NERD

Roundhill Investments has announced that it will transfer the listing of its Roundhill Video Games ETF (NERD) from NYSE Arca to Nasdaq. This move is part of a strategic decision to benefit from Nasdaq's trading platform and visibility.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 10:26 pm

THRX

Theseus Pharmaceuticals has announced that it is exploring strategic alternatives to enhance shareholder value. This process could include a sale, merger, divestiture, or other business combination. The company has not set a definitive timeline for this process and has not made any decisions related to strategic alternatives at this time. There is also no assurance that this process will result in any specific action.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 10:24 pm

LICY

Li-Cycle Holdings Corp. has engaged investment bank Moelis & Company to explore financing and strategic alternatives to enhance shareholder value. This could include a sale, merger, divestiture, or other options. The company's decision to seek strategic alternatives suggests it is looking to optimize its operations and financial structure amid the growing industry for battery recycling.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 10:17 pm

BSGM

BioSig Technologies, Inc. has announced a registered direct offering priced at-the-market under Nasdaq rules, aiming to raise $2.5 million. The offering's terms, including the number of shares and the price per share, have not been disclosed in the news provided.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 10:04 pm

GFF

RILY

B. Riley Financial, Inc. (RILY) and Capital Recovery Group are conducting sales and auctions of complete wood mills and plant machinery for The AMES Companies, a subsidiary of Griffon Corporation (GFF). The sales include real estate and equipment from AMES's operations in New York, Ohio, Pennsylvania, and Iowa. The auctions, starting December 12, will offer sawmill operations, injection molding machines, CNC machinery, and more, extending into mid-2024.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 10:02 pm