Streetbeat News

Equity Actions

ASTS

AST SpaceMobile (NASDAQ:ASTS) is redeeming all outstanding publicly traded warrants at $0.01 per warrant on September 27, following a condition met on August 23. This has led to a 5.92% drop in ASTS stock price.

Portfolio Pulse from Dylan Berman

August 28, 2024 | 4:19 pm

NKLA

Nikola Corporation (NASDAQ:NKLA) shares are hitting new all-time lows after announcing a securities purchase agreement and a mixed shelf offering of up to $500 million. Despite beating Q2 expectations, the stock is down over 27% in the past month. Analysts have a 12-month price target of $5.50, with no positive ratings.

Portfolio Pulse from Erica Kollmann

August 28, 2024 | 4:03 pm

ASTS

AST Spacemobile's shares are declining following the announcement that the company will redeem all outstanding publicly traded warrants.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 2:12 pm

ATPC

Agape ATP shares declined following the announcement of a 1-for-20 reverse stock split, which typically reduces the number of shares outstanding and can impact stock price perception.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 1:55 pm

ATPC

AGAPE ATP Corporation (NASDAQ:ATPC) announced a 1-for-20 reverse stock split effective August 30, 2024, reducing authorized shares from 1 billion to 50 million. This move aims to increase the stock price to meet NASDAQ's listing standards.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 1:47 pm

SNOA

Sonoma Pharmaceuticals (SNOA) shares dropped by 11.9% following the announcement of a 1-for-20 reverse stock split to meet Nasdaq's $1.00 minimum bid price requirement. The split will reduce outstanding shares from 20 million to 1 million and increase authorized shares from 24 million to 50 million.

Portfolio Pulse from Henry Khederian

August 28, 2024 | 1:32 pm

GLTO

Galecto, Inc. has announced a 1-for-25 reverse stock split, effective at 5:00 p.m. ET on August 29. This corporate action is aimed at increasing the per-share trading price of its common stock.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 1:01 pm

CNTM

ConnectM Technology Solutions, Inc. (NASDAQ:CNTM) has approved a debt equity swap to convert up to $15 million of debt into common equity at $2.00 per share, aiming to deleverage its balance sheet. The company also opened a trading window for management to purchase shares.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 12:34 pm

AVPT

AvePoint shares rise as the company offers to buy back all outstanding public warrants for its common stock at $2.50 per share.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 12:14 pm

WIT

Wipro has signed an agreement to subscribe for equity share capital in Huoban Energy 11, indicating a strategic investment move.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 12:12 pm