Streetbeat News

Equity Actions

NSANY

RNLSY

RNSDF

Renault SA is planning to list its electric vehicle business unit, Ampere, on the stock market in spring 2024. The automaker is targeting November 1 of this year for Ampere to be separated from the rest of the company. As part of a restructured alliance with Nissan Motor Co Ltd, Nissan has committed to invest up to Є600 million in Ampere.

Portfolio Pulse from Shivani Kumaresan

August 28, 2023 | 11:57 am

URI

United Rentals announced the departure of Dale Asplund as EVP & COO. Asplund will remain in an active role until September 29 to ensure a smooth transition to Michael Durand, who is being promoted to COO.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2023 | 11:40 am

APGE

Apogee Therapeutics reported a Q2 net loss of $18.90M, a significant increase from the $1.80M loss reported in the same period last year. However, the company raised $345M in gross proceeds from an upsized IPO, which is projected to provide an operating runway into the 4Q of 2026.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2023 | 11:35 am

WD

Walker & Dunlop has arranged the sale of the Arcade Residences in Chicago for $35M, marking one of the highest-priced sales per door in the city. The mixed-use property, built in 2019, includes 58 rental units and 9,643 square feet of retail space.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2023 | 11:24 am

BABA

BIDU

HE

HZNP

QQQ

SPY

XPEV

US stocks are expected to open firmer in the new week's first session. Major averages had a mixed close in the week ended Aug. 25, with the Nasdaq Composite and the S&P 500 indices making gains, while the Dow Industrials Average and the Russell 3,000 Index posted declines. The SPDR S&P 500 ETF Trust (NYSE:SPY) rose 0.17% to $440.73, and the Invesco QQQ ETF (NASDAQ:QQQ) gained 0.33% to $365.23 in premarket trading. Stocks of Hawaiian Electric Industries, Inc. (NYSE:HE), Horizon Therapeutics Public Limited Company (NASDAQ:HZNP), Alibaba Group Holding Limited (NYSE:BABA), Baidu, Inc. (NASDAQ:BIDU), and XPeng, Inc. (NYSE:XPEV) are in focus.

Portfolio Pulse from Shanthi Rexaline

August 28, 2023 | 11:22 am

GOEV

Canoo has appointed a new CFO, Ethridge, who will replace Ken Manget with immediate effect.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2023 | 11:07 am

ETN

Eaton Corporation (ETN) has announced significant investments to increase the supply of its solutions across North America. The majority of these investments will be completed in 2024 and 2025.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2023 | 10:49 am

RILY

B. Riley Financial led the equity financing for the $2.8B management-led acquisition of Franchise Group, investing $216.5 million of new capital. Other investors contributed approximately $280 million. The consortium has acquired all the outstanding and issued common and preferred stock of FRG.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2023 | 10:36 am

NNDM

Nano Dimension has received approval from an Israeli court to proceed with its previously announced share repurchase plan, which was initially approved in August 2022.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2023 | 9:47 am

OPT

Opthea Limited has successfully completed the institutional component of its capital raising, which was announced on August 24, 2023. The company raised approximately A$73.7m through a non-underwritten institutional placement and the institutional component of a fully underwritten entitlement offer. Due to strong demand, Opthea accepted A$10.0 million of oversubscriptions in the placement, raising the capital to A$90m (US$57.6 million).

Portfolio Pulse from Benzinga Newsdesk

August 28, 2023 | 9:34 am