Streetbeat News

Equity Actions

GMED

G Medical Innovations has filed for a firm commitment offering of up to 26.5 million shares. The company is looking to raise capital through this offering.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 9:06 pm

IRDM

The board of Iridium Communications Inc. has approved an additional $400 million share repurchase program, bringing the total authorizations to $1 billion.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 9:03 pm

GOOD

Gladstone Commercial Corporation (NASDAQ:GOOD) has sold its 26,080 square foot office building in Pittsburgh, Pennsylvania. The company realized a leveraged internal rate of return of approximately 18% on the investment, which it originally acquired in 2011. The sale is part of Gladstone's capital recycling plan to re-position its portfolio.

Portfolio Pulse from Happy Mohamed

July 27, 2023 | 9:01 pm

FINW

FinWise Bancorp has announced that it has acquired an additional 10% ownership stake in Business Funding Group.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 8:57 pm

TRP

TC Energy's board has approved plans to split into two independent, publicly listed companies through the spinoff of its Liquids Pipelines business. The decision follows a two-year strategic review and is expected to be completed tax-free in the second half of 2024. The new Liquids Pipelines Company will be led by Bevin Wirzba.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 8:54 pm

UIHC

United Insurance Holdings Corp. (NASDAQ:UIHC) has announced a corporate name change to 'American Coastal Insurance Corporation' and will begin trading on NASDAQ under the new ticker symbol 'ACIC' from August 15, 2023.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 8:54 pm

WBA

Walgreens Boots Alliance (WBA) announced that its Global CFO, James Kehoe, will depart in mid-August to pursue a career in the technology sector. Manmohan Mahajan, Senior Vice President, Global Controller, has been appointed as the Interim Global CFO. The company is conducting a search for a new CFO with deep financial acumen and healthcare experience.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 8:51 pm

MRVI

Maravai LifeSciences Holdings, Inc. (NASDAQ:MRVI) has announced the completion of its planned CEO succession, with William 'Trey' Martin, III assuming the role of CEO. Carl Hull, Maravai's co-founder and prior interim CEO, will continue to serve as the company's Executive Chairman. Martin has over 25 years of executive leadership experience in life sciences operations, engineering, sales, product development and marketing.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 8:50 pm

MITA

Harry You, the CEO and CFO of Coliseum Acquisition, has resigned from his positions effective July 25, 2023.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 8:49 pm

DPSI

DecisionPoint Systems, Inc. (NYSE:DPSI) has promoted Melinda Wohl to the position of Chief Financial Officer. Wohl, who has been with the company for nearly 20 years, was previously the Vice President of Finance and Administration. As CFO, she will continue to oversee financial planning, budget analysis, treasury management, M&A, and governance.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 8:44 pm