Streetbeat News

Equity Actions

WISA

WiSA Technologies, Inc. (NASDAQ:WISA) provided a business update focusing on achieving key milestones and reducing total SG&A expenses leading into 2024. The company has begun shipping WiSA E development kits to strategic customers and rolled out a licensing plan for WiSA E software. WiSA is also initiating expense reductions in SG&A that will lower cash expenses, with savings expected to be about $0.9 million in Q1 2024 and about $4 million total in 2024.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 10:18 am

TLSI

TriSalus Life Sciences, Inc. has entered into a Standby Equity Purchase Agreement with YA II PN, Ltd. (Yorkville), a fund managed by Yorkville Advisors Global, LP. The agreement allows TriSalus to sell up to $30,000,000 of common stock to Yorkville at any time during a 24-month period starting from October 2, 2023.

Portfolio Pulse from Charles Gross

October 03, 2023 | 10:11 am

CALM

DLA

GAIA

MKC

TRIB

McCormick & Company, Delta Apparel, Cal-Maine Foods, Gaia, and Trinity Biotech are the stocks to watch heading into Tuesday. McCormick is expected to report quarterly earnings of 65 cents per share on revenue of $1.70 billion. Delta Apparel received an unsolicited offer to purchase its Salt Life business. Cal-Maine Foods is expected to have earned 25 cents per share on revenue of $473.37 million. Gaia reported a proposed public offering of common stock. Trinity Biotech is expected to post a quarterly loss at 9 cents per share on revenue of $13.50 million.

Portfolio Pulse from Lisa Levin

October 03, 2023 | 8:13 am

COMM

CommScope has sold its Home Networks division to Vantiva in exchange for a 25% stake in the company. This move is expected to allow CommScope to focus on its core businesses while still maintaining a significant interest in the home networks market.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 7:22 am

BHVN

Biohaven has priced a public offering of 10,227,273 common shares at $22 per share, raising $225 million in capital.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 6:45 am

FCPT

Four Corners Property Trust (FCPT) has announced the sale of a Red Lobster property in Kentucky for $3.8 million. The property is corporate-operated under a triple net lease. The company plans to reinvest the proceeds into new investment opportunities.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 6:28 am

AGR

Avangrid (AGR) has terminated the power purchase agreements for its Park City Wind Project due to economic challenges.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 6:26 am

KIM

Kimco Realty's subsidiary, Kimco Realty OP, LLC, has priced a public offering of $500 million aggregate principal amount of 6.400% notes due 2034. The notes will be fully and unconditionally guaranteed by the Company and are expected to settle on October 12, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 6:16 am

KMF

Kayne Anderson NextGen Energy & Infrastructure (KMF) has announced its unaudited balance sheet information and net asset value as of September 30, 2023. The Fund's net assets were $389.9 million and its net asset value per share was $8.26. The Fund's asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 804% and with respect to total leverage was 480%.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 6:13 am

KYN

Kayne Anderson Energy Infrastructure Fund (KYN) has announced its unaudited balance sheet information and net asset value as of September 30, 2023. The company's net assets were $1.4 billion, and its net asset value per share was $9.95. The asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 598%, and the asset coverage ratio with respect to total leverage was 434%.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 6:08 am