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Equity Actions

TERN

Terns Pharmaceuticals has announced a proposed public offering to raise $125 million. This move is likely aimed at funding its operations and advancing its drug development pipeline.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 8:02 pm

TGTX

TG Therapeutics shares rose after the announcement that the stock will join the S&P SmallCap 600 index.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 7:06 pm

EGIO

RLAY

SINT

U.S. stocks rose with the S&P 500 gaining around 1%. Relay Therapeutics shares spiked 63% after positive interim data for its breast cancer treatment. Sintx Technologies shares surged 87% following a patent allowance. Edgio shares dropped 80% due to financial restructuring.

Portfolio Pulse from Avi Kapoor

September 09, 2024 | 6:16 pm

SLNH

Soluna Holdings, Inc. shares are trading lower following the announcement of a $25 million standby equity purchase agreement with Yorkville Advisors Global. This agreement may lead to dilution concerns among investors.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 6:15 pm

ADMA

TGTX

ZEUS

ADMA Biologics Inc. (NASDAQ:ADMA) shares are rising as the company is set to join the S&P SmallCap 600, replacing Olympic Steel Inc. (NASDAQ:ZEUS). This change will be effective before the market opens on September 23. TG Therapeutics (NASDAQ:TGTX) is also joining the index.

Portfolio Pulse from Dylan Berman

September 09, 2024 | 5:42 pm

WTO

UTime Ltd (NASDAQ:WTO) shares dropped 26.1% after announcing a 1-for-25 reverse share split to meet Nasdaq's $1.00 minimum bid price requirement. The split will reduce outstanding shares from 450 million to 18 million. WTO has lost 86.46% YTD, underperforming its historical averages.

Portfolio Pulse from Henry Khederian

September 09, 2024 | 5:18 pm

PEGY

Pineapple Energy (PEGY) stock plummeted by 63.8% to $0.29 after the company swapped Series A preferred stock and warrants for Series C preferred stock, convertible at $0.45 per share. This follows an amendment to the company's secured note, affecting conversion and exercise prices. PEGY has seen a significant decline over the past year.

Portfolio Pulse from Henry Khederian

September 09, 2024 | 4:53 pm

DELL

PLTR

Tech sector shares are trading higher due to a rebound and the inclusion of Dell Technologies and Palantir Technologies in the S&P 500 index.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 4:45 pm

SGLY

Singularity Future Technology has filed with the SEC for a mixed shelf offering of up to $20 million. This move allows the company to raise capital through various financial instruments, which could be used for general corporate purposes or specific projects.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 4:34 pm

UTME

UTime shares have declined following the company's announcement of a 1-for-25 reverse share split.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 3:17 pm