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Equity Actions

MPLN

MultiPlan announced a 1-for-40 reverse stock split effective September 23, 2024, reducing its outstanding shares from approximately 658 million to 16 million.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 7:36 am

RLAY

Relay Therapeutics has announced a public offering of 28,571,429 common shares at $7 per share, aiming to raise approximately $200 million in gross proceeds.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 6:26 am

HPE

JNPR

Hewlett Packard Enterprise (HPE) has announced a $1.35 billion public offering of convertible preferred stock to fund its acquisition of Juniper Networks. The proceeds will be used to cover the acquisition costs and related expenses.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 6:12 am

BAC

BRK

FTXO

IYG

KBWB

Bank of America CEO Brian Moynihan praised Warren Buffett as an investor but has not inquired about Buffett's recent reduction in BofA shares. Berkshire Hathaway has sold nearly $7 billion in BofA shares since mid-July. Moynihan discussed manageable capital rule changes and potential impacts on lending. BofA's Q3 investment banking revenue is expected to slightly increase. BofA shares and related ETFs fell on Tuesday.

Portfolio Pulse from Michael Juliano

September 10, 2024 | 10:07 pm

TBIO

Telesis Bio has announced its decision to delist from the Nasdaq Stock Market, leading to a decline in its share price.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 8:35 pm

TBIO

Telesis Bio has informed Nasdaq of its decision to delist its common stock shares.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 8:31 pm

ORN

Orion Group Holdings shares declined following the announcement of a proposed public offering.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 8:22 pm

ORN

Orion Group Holdings, Inc. (NYSE:ORN) announced a proposed public offering of its common stock, with no disclosed size or amount. The offering, managed by Craig-Hallum Capital Group, is subject to market conditions. Proceeds will be used for working capital and possibly debt repayment.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 8:03 pm

XNCR

Xencor has announced a proposed public offering of its common stock, though the size of the offering has not been disclosed. This move could impact the company's stock price and investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 8:01 pm

VRDN

Viridian Therapeutics has announced a proposed underwritten public offering to raise $150 million through the sale of common and preferred stock. This move is likely aimed at raising capital for future growth and development.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 8:01 pm