Streetbeat News

Equity Actions

SHUA

SHUAA Partners Acquisition Corp I (NASDAQ:SHUA) announced it will dissolve and liquidate due to its inability to find a suitable target for a business combination. The company will not extend its deadline beyond November 4, 2023, and plans to cancel Class A ordinary shares on November 17, 2023. Shareholders will receive a pro rata portion of the Trust Account funds. Trading of SHUA's shares, units, and warrants will likely cease on November 16, 2023. There will be no redemption for warrants, and initial shareholders will not receive liquidating distributions unless they acquired Public Shares. Nasdaq will delist SHUA's securities, and the company will terminate its securities registration with the SEC.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 10:18 pm

LOB

Live Oak Bancshares has announced leadership changes with Walter J. Phifer set to become CFO effective January 1, 2024. Neil L. Underwood is stepping down as President, and William C. (BJ) Losch III will take on the role of President of Live Oak Bancshares while continuing as President of Live Oak Bank. Losch will step down as CFO at the end of the year.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 10:14 pm

MOVE

Movano Health (NASDAQ:MOVE) has announced its intention to conduct an underwritten public offering of its common stock. The size and amount of the offering have not been disclosed. The company plans to grant the underwriter an option to purchase additional shares and intends to use the proceeds for general corporate purposes, including product development and commercialization. The Benchmark Company, LLC is the sole book-running manager, with its Liquid Venture Partners group executing the offering. There is no certainty that the offering will be completed or regarding its final terms.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 10:07 pm

GM

Soros Fund Management LLC has increased its share stake in General Motors (GM) to 613,100 shares. This move by the investment firm, founded by George Soros, indicates a growing confidence in the automaker's stock.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 9:52 pm

INTA

Intapp, Inc. has announced the launch of an underwritten secondary offering of 5 million shares, which will be sold by existing stockholders. The company itself will not receive any proceeds from the sale of these shares.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 9:51 pm

RIVN

Soros Fund Management has dissolved its stake in electric vehicle manufacturer Rivian Automotive, Inc. This move by the prominent investment fund could signal a lack of confidence in Rivian's future prospects or a strategic portfolio realignment.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 9:49 pm

MSFT

NVDA

Soros Fund Management's latest 13-F filing reveals that the fund has dissolved its stakes in Microsoft (MSFT) and NVIDIA (NVDA). This move could indicate a shift in Soros Fund Management's investment strategy or a negative outlook on the tech sector.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 9:45 pm

CAPR

Capricor Therapeutics announced that its available cash and equivalents are expected to cover expenses and capital requirements into 2025. This forecast takes into account the $23.0 million raised in a registered direct offering in October 2023 but does not include potential milestone payments from its agreements with Nippon Shinyaku or any unplanned strategic capital use.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 9:41 pm

TDF

Templeton Dragon Fund, Inc. (NYSE:TDF) has announced a self-tender offer to purchase up to 25% of its common shares, totaling 8,451,035 shares. The offer will commence on November 21, 2023, with shares being purchased at 98% of the Fund's NAV per share after the tender offer's expiration. The offer is part of an agreement with City of London Investment Management Company Limited, which includes standstill covenants. TDF shares have been trading at a discount to NAV, and the current NAV will be available on the Fund's website. Shareholders are encouraged to read the offer to purchase for important information.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 9:23 pm

EMF

Templeton Emerging Markets Fund (NYSE:EMF) has announced that its Board is committed to repurchasing shares when the Fund's discount to net asset value exceeds -10%. The repurchases are subject to the discretion of Templeton Asset Management Ltd. and market conditions.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 9:23 pm