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Equity Actions

VRAY

ViewRay Inc (NASDAQ:VRAY) shares dropped by 44% to $0.20 after the company filed voluntary Chapter 11 petitions. The company plans to sell its business and assets, and has secured $6 million in debtor-in-possession financing. It will continue operations using existing cash reserves. The company announced board resignations and new appointments, including a new CEO, Paul Ziegler.

Portfolio Pulse from Henry Khederian

July 17, 2023 | 1:16 pm

CNXC

Concentrix Corp has filed for a mixed shelf offering, according to a SEC filing. The size of the offering has not been disclosed.

Portfolio Pulse from Happy Mohamed

July 17, 2023 | 1:14 pm

FSR

INDA

Fisker Inc. (NYSE:FSR) plans to produce 100 Fisker Extreme Vigyan Edition all-electric SUVs for the Indian market. The company expects to complete the homologation process by September and commence deliveries in Q4 2023. The pricing in India will align with European pricing. The Fisker Ocean Extreme Vigyan Edition is named after the company's India subsidiary.

Portfolio Pulse from Happy Mohamed

July 17, 2023 | 1:10 pm

BGXX

Bright Green Corporation (NASDAQ:BGXX) has announced plans to launch a program to support up to 170 universities for cannabis research in the U.S. The company also plans to extend its EB-5 initiative to enable foreign students studying in the U.S. to access EB-5 visas. The EB-5 initiative will provide the benefits of U.S. citizenship to the students and provide capital to the company.

Portfolio Pulse from Happy Mohamed

July 17, 2023 | 1:08 pm

BHE

Benchmark Electronics, Inc. (NYSE:BHE) has appointed David Valkanoff as its new Executive Vice President and Chief Operating Officer. Valkanoff, who has over 30 years of global operations experience in various sectors, will lead Benchmark's worldwide manufacturing operations. He joins the company from Carrier Corporation and has previously held executive roles at TPG, Celestica, Visteon, and Nissan.

Portfolio Pulse from Happy Mohamed

July 17, 2023 | 1:07 pm

BCAN

BYND Cannasoft has priced its offering of 1,733,334 shares at $1.50 per share.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 1:02 pm

BLK

BlackRock Inc plans to expand its Voting Choice program to its largest ETF, the iShares Core S&P 500 ETF (IVV), subject to iShares Board approval. The expansion is expected to be in effect for the 2024 proxy voting season. This move will allow over three million IVV shareholder accounts and more than half of BlackRock's index equity AUM to participate in Voting Choice.

Portfolio Pulse from Akanksha Bakshi

July 17, 2023 | 1:01 pm

DUO

Fangdd Network Group Ltd. (NASDAQ:DUO) has announced a registered direct offering of 11,428,565 American Depositary Shares (ADSs) at a purchase price of $0.70 per ADS. The company has entered into a securities purchase agreement with certain investors for the issuance and sale. Maxim Group, LLC is acting as the sole placement agent for this offering.

Portfolio Pulse from Happy Mohamed

July 17, 2023 | 1:01 pm

JANX

Janux Therapeutics, Inc. (NASDAQ:JANX) has announced the pricing of an underwritten offering of 4,153,717 shares of its common stock and pre-funded warrants to purchase 583,483 shares at a price of $12.46 per share. The gross proceeds from the offering are expected to be approximately $60 million. The offering is expected to close on July 19, 2023. BofA Securities, Inc. is acting as sole book-runner for the offering.

Portfolio Pulse from Happy Mohamed

July 17, 2023 | 12:46 pm

TIVC

Tivic Health Systems has announced the pricing of a $2.1 million public offering of common stock, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 12:36 pm