Streetbeat News

Equity Actions

ARBUSD

The Arbitrum Foundation has moved 69 million unclaimed ARB tokens to the network's treasury, which is now worth nearly $3 billion. This move was supported by 99.96% of token holders. The value of these tokens is estimated to be over $59 million based on current market rates.

Portfolio Pulse from Murtuza Merchant

September 25, 2023 | 1:08 pm

NIO

NIO has responded to market speculations by clarifying that it currently has no reportable capital raising activity, other than the recent convertible notes offering that was completed on Sept. 25, 2023.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 1:01 pm

BPTS

NIO

RNAZ

Biophytis and Skyepharma have signed a partnership agreement for the production of Sarconeos, causing Biophytis' stock (BPTS) to rise by 45%. TransCode Therapeutics (RNAZ) announced positive pre-clinical Glioblastoma results with its lead therapeutic candidate, TTX-MC138, leading to a 30% increase in its stock. NIO Inc. (NIO) announced the closing of a US$1 billion convertible senior notes offering, resulting in an 8.5% decrease in its stock.

Portfolio Pulse from ryanfaloona@benzinga.com

September 25, 2023 | 12:41 pm

AIMD

Ainos, Inc. (NASDAQ: AIMD) has announced a $3 million initial tranche of a $10 million private placement with Lind Global Fund II LP. The proceeds will be used to fund clinical trials, commercial product launch, and working capital. The investment is in the form of a Senior Secured Convertible Promissory Note with an 18-month maturity and an initial conversion price of $1.50 per share. The investor was also granted five-year warrants equal to 75% of the funded amount at an initial exercise price of $0.90 per share.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 12:33 pm

ENOV

Enovis Corp (NYSE:ENOV) has agreed to acquire LimaCorporate S.p.A. for an enterprise value of approximately €800 million ($850 million). The acquisition will expand ENOV's international presence and product mix, and is expected to create a $1 billion revenue reconstruction business. The deal is expected to be completed in early FY24, subject to regulatory approvals. The company expects the acquisition to be neutral to slightly accretive to FY24 adjusted earnings per share and accretive in FY25 and beyond.

Portfolio Pulse from Lekha Gupta

September 25, 2023 | 12:28 pm

MSTR

MicroStrategy Inc, along with its units, has acquired approximately 5,445 Bitcoins for about $147.3M in cash, at an average price of about $27,053 per Bitcoin, between August 1 and September 24.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 12:05 pm

UCAR

U Power Limited (NASDAQ:UCAR), a vehicle sourcing services provider, has entered into a strategic cooperation agreement with Zhongneng Lithium Battery Technology Taizhou Co., Ltd. The partnership aims to explore new markets, expand market share, and enhance brand influence and competitiveness. They plan to cooperate in energy storage, battery charging and swapping, and other related industries, including the establishment of an energy storage technology research institute.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 12:03 pm

JKS

JinkoSolar (NYSE:JKS) has signed a Memorandum of Understanding with Failte Solar to supply 200MW of N Type Tiger Neo Modules for the Irish distribution generation market. The partnership will see the two companies cooperate in complementary fields such as products and localized services, and jointly develop the high-end distributed PV market in Ireland. JinkoSolar's modules will be distributed to installers through Failte Solar for residential and commercial solar rooftop installations.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 12:02 pm

AMZN

MSFT

NVDA

Amazon's AWS and AI company Anthropic have entered into a billion-dollar partnership, with AWS becoming Anthropic's primary cloud provider. Amazon will invest an initial $1.25 billion for a minority stake in Anthropic, with the option to increase the total to $4 billion. The partnership will provide AWS customers with access to future generations of Anthropic's foundation models via Amazon Bedrock, AWS's fully managed service.

Portfolio Pulse from Anusuya Lahiri

September 25, 2023 | 11:48 am

NIO

Shares of Chinese electric vehicle startup Nio, Inc. (NYSE:NIO) fell by 6.33% in premarket trading due to a slide in Chinese property stocks and the company's potential plan to raise $3 billion from Middle East investors. The company recently closed a $1 billion convertible senior debt offering. The news of additional stock offering could negatively impact the stock price due to its dilutive influence.

Portfolio Pulse from Shanthi Rexaline

September 25, 2023 | 11:38 am