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Equity Actions

TM

NTT Corporation is planning a strategic alliance with Toyota Motor Corporation (NYSE:TM) to introduce driverless buses and taxis by 2025. NTT will invest approximately $66.91 million into May Mobility, a Michigan-based startup known for self-driving systems. Toyota reported a 24% YoY revenue growth to $75.7 billion for the quarter that ended on September 30th.

Portfolio Pulse from Shivani Kumaresan

November 06, 2023 | 12:47 pm

KNF

Knife River Corp has raised and narrowed its guidance for revenue and Adjusted EBITDA for FY23. The company expects full year 2023 revenue to be in the range of $2.7 billion to $2.8 billion, and Adjusted EBITDA to be in the range of $400 million to $430 million.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 12:09 pm

GLD

SPY

USO

On November 3rd, U.S. stock markets closed higher due to falling bond yields, slowing job growth, and rising unemployment. The S&P 500, Dow Jones, and Nasdaq all saw gains, with real estate leading the sectors. Asian markets also saw gains, while European markets slid. Crude oil traded higher, while natural gas declined. Gold traded lower, while silver and copper rose. U.S. futures were up, and the U.S. Dollar Index was down.

Portfolio Pulse from Akanksha Bakshi

November 06, 2023 | 11:53 am

EEX

Emerald has approved an extension and expansion of its share repurchase program, allowing for the repurchase of $25.0M common shares through December 31, 2024.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 11:29 am

AIG

CRBG

AIG is offering 50 million existing shares of Corebridge Financial's common stock and has granted a 30-day option to the underwriters to purchase up to an additional 7.5 million shares. All net proceeds from the offering will go to AIG.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 11:14 am

BTI

OGI

Organigram has announced a follow-on equity investment of C$124.6M from BT DE Investments, a wholly-owned subsidiary of British American Tobacco (BAT). This has led to the creation of the Jupiter Strategic Investment Pool.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 11:12 am

EPIX

Essa Pharma has announced its intention to offer and sell common shares with an aggregate offering price of up to $50M. The sales will be conducted from time to time through Jefferies.

Portfolio Pulse from Charles Gross

November 06, 2023 | 11:10 am

LTRX

Lantronix Inc. (NASDAQ:LTRX), a global provider of secure turnkey solutions for the Industrial Internet of Things (IoT) and the Intelligent IT market, has announced the appointment of Saleel Awsare as the company's President and CEO, effective Nov. 20, 2023.

Portfolio Pulse from Charles Gross

November 06, 2023 | 11:05 am

DOGZ

Dogness International Corporation announced a 1-for-20 consolidation of its Class A common shares. This move is expected to increase the per-share trading price of the company's common shares, potentially making them more attractive to a broader range of investors.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 11:04 am

ALPN

Alpine Immune Sciences has started an underwritten public offering of $150M of its common stock. The underwriters are expected to be granted an option to purchase up to an additional $22.5M of shares at the public offering price, less the underwriting discounts and commissions.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 11:01 am