Streetbeat News

Equity Actions

FRGT

Freight Technologies, Inc. (NASDAQ:FRGT) announced a 1-for-25 reverse stock split, effective September 25, 2024. The split will reduce the number of outstanding shares from 35,844,999 to 1,433,800. Shares will continue trading under the symbol 'FRGT' with a new CUSIP number.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 1:40 pm

TMUS

T-Mobile has announced a public offering of senior notes to raise funds for general corporate purposes, including share repurchases and debt refinancing.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 1:08 pm

ELAB

Elevai Labs' stock is trading lower following the announcement of an $8.0 million public offering. This move may dilute existing shares, leading to a decrease in stock price.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 12:49 pm

ELAB

Elevai Labs, Inc. (NASDAQ:ELAB) has announced an $8 million public offering of 28,571,425 shares of common stock or pre-funded warrants, each paired with Series A and B warrants. The offering aims to raise funds for general corporate purposes and is expected to close by September 24, 2024.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 12:47 pm

LUCY

Innovative Eyewear, Inc. (Nasdaq: LUCY) announced the exercise of warrants for $2.6 million in gross proceeds. The warrants allow the purchase of 263,160 shares at $9.875 per share, slightly above the original exercise price. The transaction is expected to close around September 24, 2024, with H.C. Wainwright & Co. as the placement agent. Proceeds will be used for working capital and general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 12:24 pm

NA

Nano Labs has announced the conversion of $8.5 million in interest-free loans from its CEO and Vice Chairman into Class A ordinary shares. This move indicates a strong commitment from the leadership and could positively impact investor confidence.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 12:12 pm

SNY

VTYX

Ventyx Biosciences announced that Sanofi will make a $27 million investment in the company by purchasing 70,601 shares of Series A Non-Voting Convertible Preferred Stock at a price of $3.8243 per share.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 12:02 pm

MAXN

Maxeon shares are declining following the company's announcement of an approved reverse stock split.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 11:52 am

UP

Wheels Up shares are experiencing a rise in trading following the announcement that 97.2% of lead investor shares will remain under a lock-up restriction until September 20, 2025.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 11:48 am

YOSH

Yoshiharu Global has filed for an offering of up to 400,000 shares, as indicated in their 424B4 filing. This move could impact the company's stock price and investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 11:19 am