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AUR

GS

Aurora has entered into a $600 million common stock purchase agreement with certain existing institutional and strategic investors. The company will issue and sell 222,222,216 shares of its Class A common stock at $2.70 per share. The sale is expected to close on July 21, 2023. Goldman Sachs & Co. LLC and Allen & Company LLC are acting as joint book-running managers.

Portfolio Pulse from Happy Mohamed

July 19, 2023 | 12:26 pm

AQMS

Aqua Metals, Inc. (NASDAQ:AQMS) has priced its underwritten public offering of 15.82 million shares of its common stock at $1.10 per share, expecting to raise $17.4 million. The company plans to use the proceeds for working capital, including expenditures related to the commencement of the Phase One build-out of its recently acquired five-acre recycling campus at the Tahoe Reno Industrial Center in McCarran, Nevada.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 12:21 pm

FWBI

First Wave BioPharma has announced the pricing of its public offering of 3.285 million shares of its common stock at $0.64 per share, aiming to raise $2.1 million.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 12:19 pm

NSANY

RNLSY

Nissan Motor Co Ltd and Renault SA are expected to announce a restructured alliance and a final deal soon. Nissan is expected to take 15% of Renault's new electric vehicle unit, Ampere, and Renault would reduce its 43% stake in Nissan. The proposed dateline was extended after Nissan executives opposed some provisions of the deal and wanted better protection for Nissan's intellectual property.

Portfolio Pulse from Shivani Kumaresan

July 19, 2023 | 12:16 pm

HPK

HighPeak Energy has priced its 12.9 million share offering at $10.50 per share.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 12:12 pm

BLUE

SEV

Several stocks experienced significant pre-market movements. Notably, bluebird bio, Inc. (NASDAQ:BLUE) shares gained 14% after B of A Securities upgraded the stock from Neutral to Buy and raised the price target from $6 to $10. On the other hand, Sono Group N.V. (NASDAQ:SEV) fell 31.8% after receiving a notice of delisting from the Nasdaq. Other notable movers include 60 Degrees Pharmaceuticals, Inc. (NASDAQ:SXTP), Deep Medicine Acquisition Corp. (NASDAQ:DMAQ), and Startek, Inc. (NYSE:SRT).

Portfolio Pulse from Lisa Levin

July 19, 2023 | 12:12 pm

DHC

OPI

Flat Footed LLC (FFL), a top shareholder of Diversified Healthcare Trust (DHC), has issued a statement expressing its opposition to DHC's proposed merger with Office Properties Income Trust (OPI). FFL, which owns approximately 9.8% of DHC's outstanding common shares, believes the merger is value-destructive and does not serve shareholders' best interests. FFL has offered to meet with DHC's leadership to discuss superior alternatives to the merger. Other significant shareholders, including D.E. Shaw and H/2 Capital Partners, have also announced their opposition to the deal.

Portfolio Pulse from Happy Mohamed

July 19, 2023 | 12:10 pm

AUR

Aurora has announced the pricing of its upsized public offering of 73,333,333 shares of its Class A common stock at $3 per share. The company expects to receive total gross proceeds of approximately $820 million from the public offering and concurrent private placement.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 12:10 pm

GNPX

Genprex, Inc. (GNPX) has announced a registered direct offering with an institutional investor for the sale and issuance of 7,425,744 shares and warrants at a combined price of $1.01 per unit. The offering is priced at-the-market under Nasdaq rules. The gross proceeds from this offering are expected to be approximately $7.5 million. The funds will be used for working capital and general corporate purposes.

Portfolio Pulse from Happy Mohamed

July 19, 2023 | 12:09 pm

CVNA

Carvana has entered into a distribution agreement with Citigroup and Moelis for the offering of up to $1B of Class A common stock.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 11:51 am