Streetbeat News

Equity Actions

TTOO

T2 Biosystems has converted approximately 20% of its term loan with entities affiliated with CRG Servicing into its common stock and Series B convertible preferred stock.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 12:08 pm

LI

NIO

XPEV

Chinese EV manufacturer Li Auto has outperformed traditional automakers in China's EV market, delivering nearly 87,000 cars in the last quarter, a threefold increase from the previous year. Meanwhile, deliveries for competitors Xpeng and Nio fell over the same period. Traditional automakers like Guangzhou Automobile and Geely Automobile are also adapting their strategies to the growing EV market. The latter's premium Zeekr brand has seen rapid growth, with deliveries increasing 147% YoY in June.

Portfolio Pulse from Benzinga Newsbot

July 06, 2023 | 12:07 pm

CRBU

PFE

Caribou Biosciences has announced a $25 million equity investment from Pfizer. This investment could potentially strengthen the financial position of Caribou Biosciences and foster a strategic partnership with Pfizer.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 12:06 pm

CYTO

Altamira Therapeutics Ltd. (NASDAQ:CYTO) has priced a public offering of 11.11 million common shares at $0.45 per share. The offering also includes common warrants to purchase up to the same number of shares, exercisable at the same price. The gross proceeds from the offering are expected to be around $5.0 million, which will be used for research and development, working capital, and general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 12:05 pm

MULN

Mullen Automotive has announced a $25 million stock buyback program. This move is expected to boost investor confidence and potentially increase the company's stock price.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 12:03 pm

SMR

NuScale Power Corporation (NYSE:SMR) has appointed Carl Fisher as the Chief Operating Officer (COO) effective from July 24, 2023. Fisher will lead several functions including operations, engineering, project management, quality assurance, information technology, and regulatory affairs. He will report to John Hopkins, NuScale's President and CEO. Prior to this, Fisher was involved in nuclear reactor operations and managing instrumentation and control startup, operations, maintenance, and commissioning activities.

Portfolio Pulse from Shivani Kumaresan

July 06, 2023 | 11:51 am

IGC

IGC Pharma has announced a private placement of its common stock worth $3 million.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 11:48 am

VBIV

VBI Vaccines Inc has expanded its hepatitis B partnership with Brii Biosciences. Brii Bio has acquired a worldwide exclusive license for VBI-2601 and an exclusive license for PreHevbri in the Asia Pacific region from VBI. Brii Bio will pay VBI an upfront payment of $15 million, including an equity investment of approximately $3 million, contingent on achieving near-term milestones. VBI is also eligible to receive up to an additional $422 million in potential regulatory and commercial milestone payments and double-digit royalties in the licensed territories worldwide for VBI-2601 and APAC, excluding Japan, for PreHevbri. VBIV shares are down 28.50% at $1.73 during the premarket session on the last check Thursday.

Portfolio Pulse from Vandana Singh

July 06, 2023 | 11:38 am

FIS

FIS has entered an agreement for GTCR to acquire a majority stake in Worldpay at a valuation of $18.5 billion. FIS will retain 45% ownership in Worldpay, and GTCR has committed to invest up to $1.25 billion in additional growth capital to accelerate Worldpay's growth strategy.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 10:56 am

OBDC

Owl Rock Capital Corporation has been renamed to Blue Owl Capital Corporation and its ticker symbol on the New York Stock Exchange has changed to 'OBDC'. The company's equity and unsecured notes will continue to trade under the same CUSIPs and the business operations remain unchanged.

Portfolio Pulse from Charles Gross

July 06, 2023 | 10:40 am