Streetbeat News

Equity Actions

AXLA

Axcella has announced a 1-for-25 reverse stock split, which will be effective from September 19, 2023.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 8:31 pm

CNM

Core & Main has announced a secondary offering of 18 million shares by certain selling stockholders. The company also plans to repurchase 3,125,728 shares of Class A common stock and 1,874,274 partnership interest of the company's subsidiary.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 8:26 pm

HIPO

A group of shareholders owning 2.5% of Hippo's stock is urging the board to initiate a strategic review. The group believes that the company's current strategy is not maximizing shareholder value.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 8:25 pm

KW

Kennedy Wilson (KW) announced the retirement of its President and Board Member, Mary Ricks. Matt Windisch, previously an executive at the company, has been promoted to the President role.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 8:24 pm

MOTS

Motus GI has amended its royalty agreement, cancelling royalty rights in exchange for 1,455,641 shares of its own stock. This move eliminates approximately $1M in contingent royalty obligations.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 8:17 pm

FTK

Flotek's board has approved a 1-for-6 reverse stock split, which will be effective after the market closes on September 25.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 8:15 pm

SF

Stifel Financial Corp has filed for a mixed shelf offering, according to a SEC filing. The size of the offering has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 8:11 pm

PRI

Primerica has announced Tracy Tan as the successor to the current CFO. Tan will assume the role of Executive Vice President, Finance from October 16, 2023, and will become CFO no later than April 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 8:02 pm

U

Unity Software Inc (NYSE:U) has introduced a controversial fee structure, the Runtime Fee, which charges developers based on the number of installations for games created with the Unity engine once they exceed a specific threshold. This announcement has led to a significant drop in Unity's stock price. It has also been revealed that several high-ranking Unity executives sold substantial amounts of the company's stock in the weeks preceding the fee announcement.

Portfolio Pulse from Franca Quarneti

September 14, 2023 | 7:58 pm

DWAC

Hunter Biden, son of President Joe Biden, has been indicted on federal firearms charges. The charges are related to his possession of a federal firearms license and allegations of dishonesty about his drug addiction. The indictment includes two counts of making false statements and one count of possessing a gun as a drug user. Hunter Biden is also under investigation for his business dealings, with potential additional charges related to tax payments. The news has sparked reactions from various political figures, including former President Donald Trump, who shared his thoughts via his social media company set to merge with Digital World Acquisition Corporation (NASDAQ:DWAC).

Portfolio Pulse from Chris Katje

September 14, 2023 | 7:35 pm