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Equity Actions

VNOM

Viper Energy's shares are trading lower following the pricing of an upsized public offering of 10 million Class A common shares at $42.50 each.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 12:46 pm

QSR

Restaurant Brands International Inc. (RBI) has announced the renewal of its normal course issuer bid, allowing the company to repurchase up to $500 million of its common shares by September 30, 2025. This move is part of RBI's capital allocation strategy, although the company is currently prioritizing its 2024 net leverage target.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 12:40 pm

GLXG

Galaxy Payroll has announced the pricing of its initial public offering (IPO) at $4.00 per share, aiming to raise $7 million by offering 1.75 million shares. This move marks Galaxy Payroll's entry into the public market.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 12:39 pm

FTXO

IAT

USB

U.S. Bancorp has announced a new $5 billion share repurchase program and a 2% increase in its quarterly dividend to 50 cents per share. The buyback will start in early 2025, and the dividend will be paid on October 15. USB shares are trading higher in premarket.

Portfolio Pulse from Nabaparna Bhattacharya

September 12, 2024 | 12:38 pm

GRRR

Gorilla Technology's shares are trading higher following the announcement of a $6 million share buyback program.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 12:12 pm

GRRR

Gorilla Technology Group Inc. (NASDAQ:GRRR) has announced a share buyback program of up to $6 million to address the sharp decline in its market cap from $650 million to $35 million. The company plans to repurchase 1.1 million shares within the next five business days, aiming to realign its stock price with its intrinsic value.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 12:05 pm

MODV

ModivCare's stock is experiencing a decline following the announcement of a $200 million mixed securities shelf offering.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 11:56 am

MODV

ModivCare has announced a $200 million mixed securities shelf offering, which allows the company to issue various types of securities over time. This move provides ModivCare with financial flexibility to raise capital as needed.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 11:56 am

SMX

SMX (Security Matters) shares declined following the announcement of a $5.35 million private placement.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 11:52 am

OWLT

Owlet's stock is trading lower following the announcement of a $46.6 million share offering, pricing 3,135,136 shares at $3.70 each.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 11:51 am