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TSLA

Tesla's CFO Zachary Kirkhorn, also known as 'Master of Coin', has announced his decision to leave the company after a 13-year tenure. CEO Elon Musk thanked Kirkhorn for his contributions and wished him well for his future endeavors. Analysts speculate that Kirkhorn's departure may be due to a disagreement with Musk on strategy or succession, or due to the wealth he has accumulated through his Tesla stock. Tesla has promoted company insider Vaibhav Taneja as the next CFO.

Portfolio Pulse from Shanthi Rexaline

August 08, 2023 | 7:55 am

NVST

Envista Holdings Corporation (NYSE:NVST) has priced its offering of $435,000,000 in aggregate principal amount of its 1.75% Convertible Senior Notes due 2028. The issuance and sale of the notes are scheduled to settle on August 10, 2023.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 6:14 am

FLR

Fluor Corporation has priced a private offering of $500 million of 1.125% convertible senior notes due 2029. The notes will be convertible into cash, shares of Fluor’s common stock, or a combination of cash and shares of Fluor’s common stock, at Fluor’s election.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 6:08 am

TSLX

Sixth Street Specialty Lending has priced its public offering of $300 million 6.950% unsecured notes due 2028.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 6:05 am

DoubleVerify has announced the pricing of a 12.5 million share secondary offering by selling stockholders at $32.65 per share.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 5:56 am

WMB

Williams (NYSE:WMB) has priced a public offering of $350 million of its 5.400% Senior Notes due 2026 and $900 million of its 5.300% Senior Notes due 2028. The new 2026 notes are an additional issuance of Williams' 5.400% Senior Notes due 2026 issued on March 2, 2023, resulting in $1.1 billion aggregate principal amount of such notes outstanding. The expected settlement date for the offering is August 10, 2023.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 5:51 am

HTGC

Hercules Capital has increased its public offering to 6.5 million shares of common stock.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 5:48 am

PTRA

Electric bus maker Proterra Inc (NASDAQ:PTRA) has filed for Chapter 11 bankruptcy protection due to market and macroeconomic headwinds. The company plans to continue operating during the process and aims to separate each product line to focus on EV battery technology supply. This comes less than two months after EV maker Lordstown Motors also filed for bankruptcy.

Portfolio Pulse from Anan Ashraf

August 08, 2023 | 3:42 am

ACCD

DKNG

GENI

IONS

PACB

QSI

RXRX

TXG

Ark Invest, led by Cathie Wood, made significant trades on August 7, 2023. The most notable was the acquisition of shares in Pacific Biosciences of California (PACB) following its impressive Q2 financial results. Ark also reduced its exposure to DraftKings (DKNG) and Genius Sports (GENI), despite DraftKings' strong Q2 results. Other trades included buying shares of Recursion Pharmaceuticals (RXRX), Accolade Inc (ACCD), and Quantum (QSI), and selling shares of Ionis Pharmaceuticals (IONS) and 10x Genomics (TXG).

Portfolio Pulse from Benzinga Neuro

August 08, 2023 | 2:00 am

BYND

LCID

PARA

PLTR

TSLA

US stocks closed in the green on Monday with Dow Jones, NASDAQ, and S&P 500 registering gains. Five stocks that gained attention were Palantir Technologies, Lucid Group, Beyond Meat, Paramount Global, and Tesla. Palantir's stock declined ahead of its quarterly results, with strong demand for its new AI platform. Lucid Group's shares dipped after missing Q2 revenue estimates. Beyond Meat's stock decreased following disappointing quarterly results. Paramount Global's stock surged after surpassing Q2 revenue estimates. Tesla's stock declined slightly after CFO Zachary Kirkhorn decided to leave the company.

Portfolio Pulse from Benzinga Neuro

August 08, 2023 | 1:37 am