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AMPG

AmpliTech Group has announced a $1 million registered direct offering, selling 1,369,488 shares of common stock at $0.7302 per share to a single institutional investor.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 7:51 am

IONS

Ionis Pharmaceuticals has announced a public offering of 11.5 million common shares priced at $43.50 each, raising $500.3 million. The proceeds will be used for commercial launches, clinical programs, R&D, and general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 7:35 am

STEP

StepStone has priced a secondary offering of 4,099,997 shares at $50 per share. The proceeds will be used to purchase shares from certain holders and pay cash upon exchange of units, resulting in no dilution to existing stockholders.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 7:30 am

KGS

Kodiak Gas Services announced a common share offering of 6,086,957 shares at $25 each. Concurrently, the company plans a $25 million share repurchase from the selling stockholder at the same price. The offering is not dependent on the repurchase, but the repurchase is contingent on the offering's closure.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 7:05 am

RXO

RXO has announced an upsized public offering of $500 million in common stock to finance its acquisition of Coyote Logistics. The offering is priced at $26 per share and is expected to close on September 11, 2024. The acquisition is expected to be completed by September 20, 2024.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 6:55 am

HPE

Hewlett Packard Enterprise (HPE) shares fell over 6% after-hours following the announcement of a $1.35 billion public offering of Series C mandatory convertible preferred stock. The proceeds will fund the acquisition of Juniper Networks and other expenses.

Portfolio Pulse from Erica Kollmann

September 09, 2024 | 9:33 pm

HPE

Hewlett Packard Enterprise (HPE) has announced a public offering of $1.35 billion in Series C Mandatory Convertible Preferred Stock, totaling 27 million shares. This move is likely aimed at raising capital for strategic initiatives or debt management.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 9:07 pm

RLAY

Relay Therapeutics has announced a public offering of $200 million in common stock, with an option for underwriters to purchase an additional 15%. All shares will be sold by the company.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 8:35 pm

NRDS

NerdWallet, Inc. (NASDAQ:NRDS) has announced a new $50 million share repurchase program, replacing the previous $30 million program. The repurchases will be made based on market conditions and other factors, with no set time limit.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 8:31 pm

IONS

Ionis Pharmaceuticals shares fell following the announcement of a $500 million public offering of common stock, which may dilute existing shareholders' value.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 8:25 pm