Streetbeat News

Equity Actions

BITF

RIOT

Bitfarms and Riot Platforms have reached a settlement agreement ahead of a special meeting. Riot will withdraw its requisition and accept standstill provisions until Bitfarms' 2026 Annual Meeting. Riot also gains rights to purchase shares if it holds 15% or more of Bitfarms' common shares.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 11:02 am

DAL

UP

Wheels Up announced that lead investors, including Delta Air Lines, CK Wheels LLC, and Cox Investment Holdings, have agreed to extend the lock-up restriction on their shares until September 20, 2025. Kore Capital LLC and Whitebox Advisors LLC also extended the lock-up on 72.5% of their shares.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 11:00 am

AIR

IBIO

PIXY

RCAT

UXIN

AAR Corp. is expected to report earnings, ShiftPixy announced a reverse stock split, Red Cat Holdings is expected to post a quarterly loss, iBio reported a reduced net loss with increased revenue, and Uxin Limited is projected to report earnings.

Portfolio Pulse from Avi Kapoor

September 23, 2024 | 8:47 am

EP

Empire Petroleum Corporation (NYSE:EP) announced a $10 million rights offering with a record date set for September 30, 2024. Shareholders will receive subscription rights to purchase additional shares at $5.05 each, with the offering expiring on October 16, 2024.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 7:15 am

SABA

Saba Capital Income & Opportunities Fund II (NYSE:SABA) has announced a 10% share buyback plan to improve its net asset value (NAV) and reduce the discount to NAV. The buyback is set for the fiscal year ending October 31, 2025, and aims to enhance shareholder value.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 7:05 am

APO

INTC

QCOM

Apollo Global Management is considering a multibillion-dollar investment in Intel, following reports of Qualcomm's interest in acquiring Intel. Intel's recent financial performance has been weak, and internal disputes have raised concerns about its direction.

Portfolio Pulse from Ananya Gairola

September 23, 2024 | 5:54 am

SFY

SoFi has approved a 1-for-5 reverse stock split for its SoFi Select 500 ETF, which is expected to impact the ETF's stock price and investor perception.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2024 | 8:21 pm

PIXY

ShiftPixy has announced a 1-for-15 reverse stock split, which will consolidate every 15 shares of its common stock into one share. This move is often used to increase the stock price and meet exchange listing requirements.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2024 | 8:01 pm

ONCO

Onconetix Inc (NASDAQ:ONCO) shares fell by 29.9% to 8 cents after announcing a 1-for-40 reverse stock split to meet Nasdaq's minimum bid price requirement. The company's 2024 annual meeting approved several proposals, including director elections, amendments to the equity plan, and share issuances related to preferred stock conversion and private placements.

Portfolio Pulse from Henry Khederian

September 20, 2024 | 7:28 pm

AAPL

MSFT

SPY

Apple Inc. (AAPL) is set to benefit from a $35 billion market index fund rebalance, coinciding with a triple witching event. This could amplify its bullish momentum, as Apple surpasses Microsoft in market cap and becomes the largest holding in the SPDR S&P 500 ETF (SPY).

Portfolio Pulse from Surbhi Jain

September 20, 2024 | 6:51 pm