Streetbeat News

Equity Actions

UVE

Universal Insurance Holdings (UVE) announced a new $20 million share repurchase authorization, intending to comply with Rule 10b-18 under the Exchange Act and the company's insider trading policy.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 8:09 pm

VENG

Vision Energy Corporation (OTC:VENG) announces a 1-for-5 reverse stock split, effective for trading on June 13, 2023. The split will reduce the number of authorized common stock from 200,000,000 to 40,000,000, leaving 8,419,515 common shares outstanding.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 8:08 pm

MOVE

Movano Health plans to raise funds through a public offering for general corporate purposes, including product development and commercialization activities. The terms of the offering have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 8:07 pm

IRON

Disc Medicine (NASDAQ:IRON) has announced a $100 million public offering of common stock and pre-funded warrants. The company plans to use the net proceeds for research, clinical development, working capital, and other general corporate purposes. Morgan Stanley, SVB Securities, Stifel, and BMO Capital Markets are acting as joint book-running managers.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 8:05 pm

CWST

Casella Waste Systems announced a proposed public offering of $400 million worth of Class A common stock. The proceeds will be used for general corporate purposes, including potential acquisitions and repayment of outstanding debt.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 8:05 pm

ALLG

ASST

FRZA

KDNY

MRKR

NDAQ

ONCR

VRM

The Nasdaq Composite gained 1% on Monday, while the US budget deficit widened to $240 billion in May. Consumer discretionary shares jumped by 1.4%, with Vroom and Allego as top gainers. Energy shares fell by 1.4%. Asset Entities, Chinook Therapeutics, and Marker Therapeutics saw significant gains, while Forza X1, Nasdaq Inc., and Oncorus experienced declines.

Portfolio Pulse from Lisa Levin

June 12, 2023 | 6:54 pm

DFLI

Dragonfly Energy Holdings (DFLI) shares are trading higher after the company announced its inclusion in the Russell 3000 index.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 4:35 pm

DFLI

Dragonfly Energy (NASDAQ: DFLI), a producer of deep cycle lithium-ion storage batteries, is set to join the Russell 3000 Index on June 26, 2023. The inclusion will provide more exposure to the broader investment community and expand awareness of the company's position within the energy storage market.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 4:22 pm

FRZA

Forza X1 announced an $8 million public offering, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 4:18 pm

FRZA

ONEW

Forza X1 Inc (NASDAQ:FRZA) has priced a public offering of 5.33 million shares at $1.50 per share, a 51.9% discount to its closing price on June 9, 2023. The company expects to raise $8 million and plans to use the proceeds for its manufacturing facility and other corporate purposes. Forza also received an initial purchase order from OneWater Marine Inc (NASDAQ:ONEW) for 100 units of its electric monohull boat, potentially generating $12 million in revenue.

Portfolio Pulse from Shivani Kumaresan

June 12, 2023 | 4:05 pm