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Equity Actions

KKR

KKR has completed the sale of over 5 million square feet of industrial warehouse and distribution properties for over $560M. The assets primarily belong to KKR's Real Estate Partners Americas II Fund.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 11:16 am

SABS

SABSW

SAB Biotherapeutics has announced that it has received funding to support the clinical advancement of SAB-142, a potential disease-modifying treatment. The company did not disclose the amount of funding or the source.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 11:16 am

SABS

SABSW

SAB Biotherapeutics has announced a private placement of up to $130 million to advance the development of its lead drug candidate for Type 1 Diabetes.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 11:15 am

SABS

SAB Biotherapeutics (NASDAQ:SABS) plans to raise up to $130 million through a private placement of preferred stock. The proceeds will fund the company through 2026 and advance the development of SAB-142, its lead therapeutic candidate for type 1 diabetes. The transaction is led by RA Capital Management, with participation from several other investors.

Portfolio Pulse from Vandana Singh

October 02, 2023 | 11:15 am

AAPL

MSFT

LinkedIn co-founder Reid Hoffman has advocated for faster adoption of AI, countering the cautious approach proposed by Elon Musk and Apple co-founder Steve Wozniak. Hoffman believes that AI will improve the quality of life and speed up human evolution. He also highlighted the importance of the first-mover advantage in AI, citing the success of Microsoft-backed OpenAI's ChatGPT.

Portfolio Pulse from Rounak Jain

October 02, 2023 | 11:11 am

ACDC

ProFrac Holding is exploring strategic options for its proppant production segment, Alpine Silica, including a public offering, sale, merger, or recapitalization. Entities affiliated with its largest shareholders, the Wilks Family, have invested $50 million in perpetual convertible preferred equity securities issued by the company.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 11:06 am

BAESF

BAESY

BAE Systems has secured £3.95 billion in funding for the next phase of the SSN-AUKUS project, the U.K.'s next-generation nuclear-powered attack submarine program. The funding will facilitate the detailed design phase, procurement of essential components, and generate employment for over 5,000 individuals. BAE Systems’ Submarines business plays a vital role in the U.K. economy, particularly in the north west of England.

Portfolio Pulse from Akanksha Bakshi

October 02, 2023 | 10:56 am

NYAX

Nayax has filed for a mixed shelf of up to $70 million. In addition, an offering of up to 1.3 million ordinary shares is being made by selling shareholders.

Portfolio Pulse from Charles Gross

October 02, 2023 | 10:40 am

USO

The UAE Energy Minister stated at ADIPEC that appropriate investments are necessary to ensure correct pricing at the pump. This statement could influence the oil market and related ETFs such as USO.

Portfolio Pulse from Charles Gross

October 02, 2023 | 10:29 am

WMT

Walmart Inc plans to refine the designation system for its corporate staff roles to stay competitive in the evolving corporate landscape. The changes will not affect roles, responsibilities, type of work, and base pay. The reshuffle, scheduled to begin in November, may bring variations in compensation for some. About 4% of the staff will see a reduction in stock-option awards to ensure compensation is aligned across geographies. Staff seeing reduced stock options will receive a stock grant to account for the change.

Portfolio Pulse from Shivani Kumaresan

October 02, 2023 | 10:19 am