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H

Hyatt Hotels Corporation has updated its FY24 net income guidance to $1.425B-$1.495B and expects a 3%-4% increase in System-Wide Hotels RevPAR. The company completed the sale of Hyatt Regency Orlando for $1.07 billion, retaining a long-term management agreement and entering a development agreement for a new Grand Hyatt hotel. The sale has led to a $35M reduction in Adjusted EBITDA and $135M in cash tax payments. Capital returns to shareholders have increased by $400M.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 8:20 pm

NRSN

NeuroSense Therapeutics has entered into a Capital On Demand Sales Agreement with JonesTrading Institutional Services, allowing the company to offer and sell ordinary shares for up to $2.5 million in gross sale proceeds, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 8:14 pm

GLAD

Gladstone Capital has entered into an equity distribution agreement to issue up to $150 million of common stock, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 8:13 pm

WBUY

Webuy Global has filed a prospectus with the SEC for the offer and sale of up to 82.8 million Class A ordinary shares by a selling shareholder.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 8:09 pm

SMTK

SmartKem has filed for a mixed shelf offering of up to $100 million, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 8:09 pm

VCEL

Vericel Corp has filed for a mixed shelf offering, though the size of the offering has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 8:08 pm

RCKT

Rocket Pharmaceuticals Inc has filed for a mixed shelf offering with the SEC, though the size of the offering has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 8:08 pm

MUX

TLRS

Timberline Resources Corporation stockholders have approved the merger with McEwen Mining Inc. with over 99.98% of the shares voted in favor. The final voting results will be reported on a Form 8-K, and the transaction is expected to close around August 19, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 8:07 pm

TOVX

Theriva Biologics, Inc. (NYSE:TOVX) announced a 1-for-25 reverse stock split effective August 26, 2024. The split aims to meet NYSE American's per share price requirements. The stock will trade on a split-adjusted basis under the new CUSIP number 87164U 508.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 8:06 pm

SAMG

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) has announced a $12 million common stock repurchase program. The program allows the company to buy back its Class A common stock over the next 12 months, depending on market conditions and other factors.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 8:01 pm