Streetbeat News

Equity Actions

AOMR

Angel Oak Mortgage REIT and its operating partnership have announced plans to offer up to $750 million in common stock, preferred stock, warrants, and debt securities. This move could provide the company with significant capital for growth and operations.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 8:25 pm

EFSH

1847 Holdings LLC (EFSH) has announced a 1-for-13 reverse stock split. This corporate action is aimed at increasing the per-share price of the company's stock.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 8:18 pm

ELTX

Elicio Therapeutics (NASDAQ: ELTX) has announced a proposed public offering of its common stock and warrants, with no disclosed size or amount. The proceeds will be used for pipeline development, working capital, and general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 8:10 pm

AZTR

Azitra, Inc. (NYSE:AZTR) will implement a 1-for-30 reverse stock split effective July 1, 2024. The stock will trade on a split-adjusted basis starting that day.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 8:08 pm

AVDL

Avadel Pharmaceuticals (NASDAQ:AVDL) will join the Russell 3000 Index at the open of US equity markets on July 1, 2024, as part of the 2024 Russell US Indexes annual reconstitution.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 8:07 pm

CMG

Chipotle Mexican Grill Inc. (NYSE:CMG) shares are trading lower following a 50-for-1 stock split. The split, effective after market close on Tuesday, aimed to enhance stock accessibility. Despite the decline, Chipotle remains a key player in the food industry with nearly 3,500 restaurants globally.

Portfolio Pulse from Vaishali Prayag

June 27, 2024 | 7:48 pm

NKLA

Nikola Corporation (NASDAQ:NKLA) shares are trading lower following a 1-for-30 reverse stock split. Despite a brief rally due to broader EV market news, the stock continues to fall and is down nearly 50% over the past month. The company faces challenges including removal from the Russell 3000 Index and declining financials.

Portfolio Pulse from Erica Kollmann

June 27, 2024 | 7:47 pm

NKLA

Nikola shares are trading lower following a 1-for-30 reverse stock split.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 7:46 pm

AE

Mark Keith Holdsworth has reported a 5.3% stake in Adams Resources & Energy Inc as of June 26. He seeks to engage in discussions with Adams on board composition, management, financial condition, and strategic plans.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 7:25 pm

BPOP

Popular Inc. has filed a mixed securities shelf registration with the SEC, although the size of the offering has not been disclosed. This move allows the company to offer various types of securities over time.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 6:11 pm