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CWST

Casella Waste Systems is launching a public offering of $400M in Class A common stock to fund acquisitions and repay debt.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 8:03 pm

NUVL

Nuvalent Inc (NASDAQ:NUVL) shares fell by 6.56% to $104.81 after the company announced a $500 million upsized public offering of 5 million common shares at $100 per share. The offering is expected to close on September 18, with underwriters having a 30-day option to purchase additional shares.

Portfolio Pulse from Henry Khederian

September 17, 2024 | 6:37 pm

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XLU

As the Federal Reserve shifts to a more accommodative monetary policy, analysts recommend ETFs in utilities, real estate, consumer staples, and more. BofA suggests focusing on defensive sectors and quality yield opportunities, with specific ETF recommendations across various asset classes.

Portfolio Pulse from Piero Cingari

September 17, 2024 | 3:29 pm

MSFT

The market summary highlights a rise in August retail sales, Microsoft's dividend increase and buyback announcement, and yen volatility concerns.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 2:02 pm

MSFT

Microsoft's stock is rising after the company announced a 10% increase in its quarterly dividend and a new $60 billion share repurchase program. The dividend will be payable on Dec. 12, and the buyback program has no expiration. Microsoft has $75.5 billion in cash and investments as of June 30.

Portfolio Pulse from Adam Eckert

September 17, 2024 | 1:26 pm

MSFT

Microsoft shares are experiencing an uptick following the announcement of an increased quarterly dividend and a new share repurchase program.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 1:25 pm

CAPR

Capricor Therapeutics announced it will receive a $15 million equity investment at a 20% premium and a $20 million upfront payment upon signing a definitive agreement, with potential milestones up to $715 million.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 1:05 pm

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VSAT

Sky Harbour Group and several other stocks, including SolarEdge Technologies and Viasat, are experiencing declines in pre-market trading. Sky Harbour's drop follows a securities purchase agreement announcement, while other stocks like SolarEdge and Viasat are seeing declines after previous gains.

Portfolio Pulse from Avi Kapoor

September 17, 2024 | 12:37 pm

VVPR

VivoPower International PLC (VVPR) has announced a strategic merger heads of agreement with Future Automotive Solutions and Technologies Inc. (FAST), valuing the combined entity at $1.13 billion. VivoPower will issue 5.72 million restricted shares at $101 per share to FAST shareholders, with VivoPower shareholders owning 49% of the new entity. The merger is non-binding and subject to various conditions, including a business combination with Cactus Acquisition Corp. 1 Limited (CCTS) and a fairness opinion.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 12:36 pm

CNTM

ConnectM Technology Solutions, Inc. (NASDAQ:CNTM) has successfully converted $7.5 million of its debt into equity, reducing its annual interest expense by $1.8 million. This move is part of a larger plan to convert up to $15 million of debt, aiming to improve the company's balance sheet and increase shareholder value.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 12:32 pm