Streetbeat News

Equity Actions

NCNC

noco-noco Inc (NASDAQ:NCNC) has entered into a standby equity line of credit with Arena Investors, allowing it to issue and sell up to $150 million in shares. This move enhances financial flexibility and supports the commercialization of X-SEPATM.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 12:04 pm

TNON

Tenon Medical shares rise following the announcement of a $4.5 million public offering, including 1.22 million shares and warrants.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 11:55 am

CNTA

Centessa Pharmaceuticals shares rose after the company announced a $225 million public offering of 15,254,237 American Depositary Shares at $14.75 per ADS.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 11:53 am

LXEH

Lixiang Education has announced a change in the ratio of its American Depositary Shares (ADS) to ordinary shares from 1:10 to 1:100. This adjustment could impact the trading dynamics of its ADS on the market.

Portfolio Pulse from Nabaparna Bhattacharya

September 13, 2024 | 10:08 am

NVVE

Nuvve Holding has announced a 1-for-10 reverse stock split of its common stock, effective September 16. The shares will trade on a split-adjusted basis starting September 17.

Portfolio Pulse from Nabaparna Bhattacharya

September 13, 2024 | 10:03 am

LAUR

Laureate Education has announced a new stock repurchase program to buy back up to $100 million of its common stock. The repurchases will be financed through free cash flow, excess cash, and liquidity, including available capacity under its Revolving Credit Facility.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 10:01 am

MBX

MBX Biosciences has priced its initial public offering (IPO) of 10.20 million common shares at $16 per share, expecting to raise $163.2 million. The shares will trade on Nasdaq under the symbol 'MBX' starting September 13, 2024.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 7:27 am

AAPL

BAC

BRK

OXY

Warren Buffett's $13 billion investment in Occidental Petroleum (OXY) has faced challenges as the stock has dropped 29% since mid-April, influenced by a decline in crude oil prices. Despite the setback, Buffett may consider buying more shares, although a takeover is unlikely. Occidental's stock buyback plans hinge on debt reduction. Berkshire Hathaway's average purchase price is slightly above the current trading price, and Buffett holds warrants to buy more shares at a higher strike price.

Portfolio Pulse from Benzinga Neuro

September 13, 2024 | 7:14 am

BCAX

Bicara Therapeutics has priced its upsized IPO of 17.5 million common shares at $18 each. The shares will trade on the Nasdaq under the symbol 'BCAX' starting September 13, 2024, with the offering expected to close on September 16, 2024.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 7:00 am

TNON

Tenon Medical has priced a public offering of 1.22 million shares and warrants, raising $4.5 million to advance its sacroiliac joint solutions.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 6:47 am