Streetbeat News

Equity Actions

AAPL

HNHPF

INTC

STM

TSEM

Foxconn, a supplier to Apple Inc, has withdrawn from a $19.5 billion semiconductor joint venture with Indian conglomerate Vedanta, posing a challenge to India's chipmaking plans. The joint venture was part of India's economic strategy to foster domestic electronics manufacturing. Foxconn's withdrawal may impact the efforts to attract foreign investors for local chip production. The joint venture was one of the three applications for chip manufacturing under a $10 billion incentive scheme in India.

Portfolio Pulse from Anusuya Lahiri

July 10, 2023 | 2:03 pm

TIVC

Tivic Health Systems Inc's stock is down by 46% after the company priced its public offering of 32.5 million shares at $0.055 per share. The offering is expected to generate approximately $1.8 million in gross proceeds. The company intends to use the net proceeds for general corporate purposes and working capital.

Portfolio Pulse from Henry Khederian

July 10, 2023 | 1:55 pm

IXHL

Incannex Healthcare Limited (NASDAQ:IXHL) plans to redomicile from Australia to the United States and list all its shares on Nasdaq. The company has already registered its ordinary shares with the US Securities and Exchange Commission and has been trading in the US since February 2022. The redomiciliation is subject to approval from Incannex's shareholders and optionholders, as well as regulatory and court approvals. The company believes that becoming a US company and trading only on Nasdaq will provide many benefits, including greater access to capital markets and a broader investor base.

Portfolio Pulse from Vuk Zdinjak

July 10, 2023 | 1:49 pm

CRBU

PFE

Pfizer Inc. has increased its stake in Caribou Biosciences, Inc. to 7.1%, according to a 13G filing with the SEC.

Portfolio Pulse from Happy Mohamed

July 10, 2023 | 1:46 pm

SSYS

Stratasys shares are trading higher after Nano Dimension increased its special tender offer from $20.05 to $24 per share.

Portfolio Pulse from Benzinga Newsdesk

July 10, 2023 | 1:31 pm

DDD

DM

NNDM

SSYS

Nano Dimension Ltd. has increased its special tender offer price for Stratasys Ltd. shares from $20.05 to $24.00 per share in cash. The offer is for between 31.9% and 36.9% of the outstanding ordinary shares of Stratasys. Nano Dimension opposes Stratasys' proposed merger with Desktop Metal, Inc. and has nominated 7 directors for election to the Stratasys Board of Directors at the August 2023 Annual General Meeting. The tender offer expiration date and other terms remain unchanged.

Portfolio Pulse from Happy Mohamed

July 10, 2023 | 1:22 pm

FMS

Fresenius Medical Care has announced the appointment of Martin Fischer as CFO, effective from October 1. He will succeed Helen Giza.

Portfolio Pulse from Benzinga Newsdesk

July 10, 2023 | 1:03 pm

DBI

Designer Brands Inc. (NYSE:DBI) has announced preliminary results of its modified Dutch auction tender offer. A total of 1,470,832 shares of the company's Class A Common Shares were properly tendered and not properly withdrawn at or below $10 per share. The company expects to purchase all these shares at a price of $10 per share, for an aggregate cost of approximately $14,708,320. This represents approximately 2.5% of the total number of shares outstanding.

Portfolio Pulse from Happy Mohamed

July 10, 2023 | 1:01 pm

FSR

Fisker Inc. has announced a $340 million convertible notes offering, which could potentially increase to $680 million. The company also granted the investor the right to purchase up to approximately $226.6 million in additional notes over a six-month period. The proceeds will be used for general corporate purposes, including working capital, an additional battery pack line to support growth, sales and marketing, capital expenditures, and the development of future products. The offering is expected to close on Tuesday.

Portfolio Pulse from Adam Eckert

July 10, 2023 | 12:59 pm

TIVC

Tivic Health has priced its public offering of 32.5 million shares at $0.055 per share, leading to a decrease in its stock price.

Portfolio Pulse from Benzinga Newsdesk

July 10, 2023 | 12:52 pm