Streetbeat News

Equity Actions

OCTO

Eightco Holdings has significantly improved its financial position in 2024 by eliminating $5.4 million in convertible notes and increasing shareholder equity by $23 million.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 11:03 am

ISPO

Inspirato has entered into an equity distribution agreement with Northland Securities to offer common stock worth up to $10.7 million. This move could impact Inspirato's stock price as it may lead to dilution of existing shares.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 10:18 am

OCCI

OFS Credit Company has announced the pricing of an underwritten public offering of 1,040,000 shares of 7.875% Series F Term Preferred Stock due 2029, priced at $25.00 per share, raising $26.0 million in gross proceeds.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 6:45 am

BNZI

Banzai International has announced agreements to issue and sell 1,176,471 Class A common shares, along with Series A and short-term Series B warrants to purchase up to 1,176,471 shares each, at $4.25 per share.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 6:43 am

RITM

Rithm Capital Corp. has raised $342.9 million through a secondary stock offering of 30 million shares. The offering is expected to close on September 26, 2024, and the proceeds will be used for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 6:39 am

BA

Boeing is expected to quickly ramp up aircraft production after a strike ends, according to Goldman Sachs analyst Noah Poponak. The strike, involving 33,000 workers, affects production of key Boeing models. Poponak suggests Boeing may raise $12 billion in equity to maintain its credit rating and cash flow. Despite challenges, the analyst maintains a 'Buy' rating on Boeing due to attractive long-term fundamentals.

Portfolio Pulse from Michael Juliano

September 24, 2024 | 11:13 pm

BBWI

MOV

Bath & Body Works will be added to the S&P SmallCap 600 index, replacing Movado Group, effective before trading on October 1.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 9:19 pm

AMTMw

BBWI

Amentum Holdings will be added to the S&P 500 index, replacing Bath & Body Works, effective before the market opens on September 30.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 9:17 pm

BKSY

BlackSky Technology's stock is trading lower following the announcement of a $35 million secondary offering of class A common stock.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 8:30 pm

NYCB

Liberty 77 Capital L.P. has increased its stake in New York Community Bancorp to 18.1% as of September 20, 2024, up from 9.9% on August 12, 2024, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 8:29 pm