Streetbeat News

Equity Actions

SGBX

Safe & Green Holdings Corp. has completed the spin-off of Safe And Green Development Corporation. The spin-off is expected to allow both entities to focus on their core businesses and enhance shareholder value.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 12:46 pm

GNSS

Genasys has announced the pricing of its $10 million public offering of common stock. The company will be offering 5 million shares at $2 per share.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 12:46 pm

SLNO

Soleno Therapeutics has announced the pricing of its $60M underwritten public offering of 3M shares at $20 per share. The company also offers options to purchase up to 450,000 shares at the public offering price. Additionally, Soleno has entered into a $60M securities purchase agreement.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 12:39 pm

ASTI

Ascent Solar Technologies has announced the launch of its best efforts public offering of 3,572,635 units at $2.88 per unit.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 12:37 pm

OP

Sphinx Investment Corp. has increased its stake in OceanPal Inc. to 9.1%, according to a 13G filing with the SEC.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 12:36 pm

AYRWF

VRNOF

Cannabis industry leaders shared their strategies for success without relying on the SAFE Banking Act at the 2024 Benzinga Cannabis Capital Conference. Darren Weiss, president of Verano Holdings Corp (OTCQX:VRNOF), emphasized building a sustainable business without assuming cash availability. Jamie Mendola from Ayr Wellness (OTCQX:AYRWF) noted a slight improvement in risk appetite in the sector. Alex Gray from Good Day Farm suggested that capital will be more readily available once either SAFER or rescheduling happens. The leaders advised focusing on core markets, staying lean, and building a business that can stand on its own.

Portfolio Pulse from Nina Zdinjak

September 28, 2023 | 12:36 pm

MAIA

The board of MAIA Biotechnology has approved a share repurchase program of up to $800K. This move is typically seen as a sign of confidence in the company's future prospects.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 12:05 pm

WTRG

Northcoast Research analyst Ryan Connors has upgraded Essential Utilities (NYSE:WTRG) from Neutral to Buy and set a price target of $42.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 12:04 pm

BRX

Brixmor Property Group Inc. (NYSE:BRX) has announced promotions within its executive team. Angela M. Aman, currently the Company's Executive Vice President, Chief Financial Officer and Treasurer, has been promoted to the additional position of President. Brian T. Finnegan, currently the Company's Executive Vice President, Chief Revenue Officer, has been promoted to Senior Executive Vice President and Chief Operating Officer. In their new roles, Aman will oversee the Company's reinvestment function and Finnegan will oversee the Company's construction and property management functions.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 12:03 pm

TOPS

TOP Ships Inc. has announced a 1-for-12 reverse stock split, which is expected to take effect from the opening of trading on Friday, September 29, 2023. The company's common stock will begin trading on a split-adjusted basis from this date.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 12:02 pm