Streetbeat News

Equity Actions

MO

Altria Group Inc (NYSE:MO) reported Q2 FY23 revenues net of excise taxes of $5.438 billion, slightly missing the analyst consensus of $5.45 billion. Net revenues declined 0.5% YoY to $6.5 billion. The company reaffirmed its FY23 earnings guidance and reported that it repurchased 10.4 million shares at an average price of $45.37. Altria's shares are trading higher by 0.26% at $45.54 in premarket trading.

Portfolio Pulse from Shivani Kumaresan

August 01, 2023 | 1:14 pm

BWV

Blue Water Biotech (NASDAQ:BWV) has entered into an agreement for the exercise of existing warrants to purchase 2,486,214 shares of its common stock at $1.09 per share, in exchange for new warrants. The gross proceeds from the exercise of the existing warrants is expected to be approximately $2.7 million. The transaction is expected to close on August 2, 2023. The net proceeds will be used for working capital and general corporate purposes.

Portfolio Pulse from Happy Mohamed

August 01, 2023 | 1:09 pm

WELL

Welltower Inc has entered into an equity distribution agreement to offer common stock of up to $4.0B, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 12:59 pm

AGRI

AMSC

CYBN

POL

TTI

YELL

Several stocks experienced significant pre-market trading movements. Notable gainers include American Superconductor Corporation (AMSC), AgriFORCE Growing Systems Ltd. (AGRI), and TETRA Technologies, Inc. (TTI), which surged due to upcoming earnings reports and better-than-expected results. On the other hand, Polished.com Inc. (POL), Cybin Inc. (CYBN), and Yellow Corporation (YELL) fell due to restated financial statements, public offering of units, and bankruptcy preparations respectively.

Portfolio Pulse from Lisa Levin

August 01, 2023 | 12:57 pm

CMRA

Comera Life Sciences Holdings, Inc. (NASDAQ:CMRA) has announced a $4.1 million private placement of its common stock and accompanying warrants to existing stockholders. The company sold and issued a total of 4,399,016 shares of its common stock and warrants to purchase an aggregate of 10,997,550 shares of its common stock in a first closing, resulting in gross proceeds of $2.25 million. An additional 3,561,851 shares of its common stock and warrants to purchase an aggregate of 8,904,641 shares of its common stock are expected to be sold in a second closing, resulting in additional gross proceeds of $1.82 million.

Portfolio Pulse from Happy Mohamed

August 01, 2023 | 12:56 pm

UAMY

United States Antimony Corporation (USAC), (NYSE:UAMY) announced that John Gustavsen has stepped down as Chairman and board member, but will remain as CEO. Gary C. Evans has been appointed as the new Chairman of the Board, effective July 29, 2023.

Portfolio Pulse from Happy Mohamed

August 01, 2023 | 12:40 pm

TARS

Tarsus Pharmaceuticals has announced the commencement of an underwritten public offering of $100 million. The price terms of the offering were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 12:38 pm

TGH

Textainer's Board of Directors has authorized an additional $100M to its share repurchase program on July 24, 2023.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 12:34 pm

NKLA

Nikola Corporation (NASDAQ:NKLA) has been awarded an additional $16.3 million to support seven open-network hydrogen refueling stations. This brings the total awards granted to Nikola to $58.2 million, which includes a $41.9 million Trade Corridor Enhancement Program (TCEP) grant award for six hydrogen refueling stations located along California freight corridors.

Portfolio Pulse from Charles Gross

August 01, 2023 | 12:17 pm

VMAR

Vision Marine Technologies (NASDAQ:VMAR) has entered into an agreement with investors for the issuance and sale of 493,832 of its common shares at $4.05 per share, raising approximately $2 million. In a concurrent private placement, the company will issue warrants to purchase up to 493,832 common shares at the same price. The offering is expected to close on August 2, 2023.

Portfolio Pulse from Charles Gross

August 01, 2023 | 12:07 pm