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Equity Actions

GVH

E-commerce logistics provider Globavend Holdings Limited (NASDAQ:GVH) has announced the pricing of its initial public offering (IPO) at $4.00 per share. The company plans to offer 1.5 million shares, expecting to raise $6 million in gross proceeds. The shares are expected to start trading on the Nasdaq Capital Market on November 8, 2023, under the symbol 'GVH'.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 10:20 pm

CPSI

CPSI (NASDAQ:CPSI), a community healthcare solutions company, has announced the appointment of Vinay Bassi as its new Chief Financial Officer, effective from January 1, 2024. Bassi, who has a strong background in mergers and acquisitions, financial planning and analysis, and strategic planning, will replace the current CFO, Matt Chambless. Chambless will remain as an advisor to the company to support the transition.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 10:19 pm

MITT

WMC

AG Mortgage Investment Trust, Inc. (MITT) stockholders have approved the issuance of common stock for the merger with Western Asset Mortgage Capital Corporation (WMC). The merger is expected to close in Q4 2023, subject to approval from WMC's stockholders and other closing conditions.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 10:09 pm

CLDX

Celldex Therapeutics (NASDAQ:CLDX) has announced a proposed public offering of its common stock, with the final terms dependent on market conditions. The company plans to use the proceeds for the development of its product candidates, including barzolvolimab, and for general corporate purposes. Jefferies and Leerink Partners are the joint book-running managers for the offering.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 9:59 pm

FG

F&G Annuities & Life, Inc. (NYSE:FG) has increased its share repurchase authorization by $25 million to a total of $50 million. Since the inception of the program in March 2023, the company has repurchased 868,930 shares for $18.3 million, leaving approximately $31.7 million remaining in the authorization. The repurchases may continue through November 2026.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 9:55 pm

COTY

Coty has raised its FY24 LFL revenue growth forecast to 9%-11%, up from the previous 8%-10%. The company also expects 1H FY24 LFL revenue growth of 11%-13%, an increase from the previous 10%-12%. Coty is targeting FY24 adjusted EBITDA margin expansion of 10-30 bps on the stronger revenue outlook. The company now sees FY24 adjusted EBITDA of $1,080-1,090M, above its recently raised EBITDA outlook of $1,075-1,085M. Coty plans to execute a 27 million share buyback in Q3 via its first equity swap and a 23 million buyback in FY25 via its second equity swap.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 9:51 pm

COTY

Coty Inc. has announced cash tender offers for up to $400 million of its outstanding debt securities. The offer includes up to $150 million of the company's 6.500% Senior Notes due 2026 and up to $250 million of the company's 5.000% Senior Notes due 2026. This move is a continuation of Coty's deleveraging agenda.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 9:50 pm

UPWK

Upwork reported better-than-expected Q3 financial results and announced a $100 million share buyback program, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 9:38 pm

CARG

CarGurus reported better-than-expected Q3 financial results and announced a $250 million share repurchase program authorized by its Board of Directors. This has led to an increase in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 9:34 pm

AAPL

BTCUSD

Unicoin, a publicly traded cryptocurrency, offers investors opportunities in real estate, pre-IPO companies, and a show similar to Shark Tank. The company is asset-backed, pays dividends, and is subject to auditing. Unicoin introduced real estate investing last fall and has a subsidiary show, 'Unicorn Hunters', where investors can take part in stakes in pre-IPO companies. The company plans for an ICO in the future. Apple Inc co-founder Steve Wozniak, a judge on 'Unicorn Hunters', is also an investor in Unicoin.

Portfolio Pulse from Chris Katje

November 07, 2023 | 9:33 pm