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Equity Actions

INTS

Intensity Therapeutics, Inc. has priced its Initial Public Offering (IPO) at $5 per share, with a total of 3.9 million shares. The IPO is indicating a price of $596 per share.

Portfolio Pulse from Happy Mohamed

June 30, 2023 | 3:14 pm

INTS

Intensity Therapeutics, Inc. has priced its Initial Public Offering (IPO) at $5 per share, with 3.9 million shares being offered. The IPO is currently indicating a price of $5.75 per share.

Portfolio Pulse from Happy Mohamed

June 30, 2023 | 3:03 pm

CGC

Canopy Growth's shares are trading lower following the company's announcement of the equitization of C$12.5 million of notes.

Portfolio Pulse from Benzinga Newsdesk

June 30, 2023 | 3:00 pm

INTS

Intensity Therapeutics, a clinical-stage biotechnology company, has announced the pricing of its upsized initial public offering (IPO) of 3.9 million shares at $5.00 per share. The company has also granted the underwriters a 45-day option to purchase an additional 585,000 shares at the IPO price, less the underwriting discounts and commissions. The company's common stock is expected to begin trading on The Nasdaq Capital Market on June 30, 2023, under the ticker symbol 'INTS'. The net proceeds from the offering are expected to be approximately $16.2 million.

Portfolio Pulse from Happy Mohamed

June 30, 2023 | 2:53 pm

WEST

Westrock Coffee Company (NASDAQ:WEST) has received a $75 million equity investment from HF Capital LLC and the Herbert Hunt family. The investment will be made through the purchase of 7.5 million shares at $10 per share, a 10.3% discount to the company's closing price on June 29. The transactions are expected to close in August 2023. Westrock has also amended its $400 million credit agreement to increase its total net leverage financial covenant and raise the minimum interest coverage ratio. However, the company has cut its FY23 adjusted EBITDA outlook due to product launch delays and equipment delays.

Portfolio Pulse from Shivani Kumaresan

June 30, 2023 | 2:34 pm

DSS

DSS Inc. has announced an updated shareholder of record date for the spinoff of Impact BioMedical Inc. to July 10, 2023, pending SEC clearance. Shareholders of DSS Inc. on record as of July 10, 2023, will receive four shares of Impact Biomedical Inc. for every one share of DSS, Inc. on a future distribution date. The distribution is subject to the already filed S-1 being declared effective for registering the distribution.

Portfolio Pulse from Happy Mohamed

June 30, 2023 | 2:22 pm

CCL

JOBY

MEDS

NERV

TNA

Benzinga's Stock Whisper Index highlights five stocks warranting attention for the week of June 29, 2023. These include Joby Aviation (JOBY), which saw shares soar after receiving a Special Airworthiness Certificate; Minerva Neurosciences (NERV), which saw shares rise after a $20 million investment; Carnival Corporation (CCL), which reported better-than-expected Q2 results; TRxADE Health (MEDS), which saw shares surge year-to-date but sold off after news of an acquisition; and Direxion Small Cap Bull 3X Shares (TNA), an ETF that saw a sharp rise in interest from readers.

Portfolio Pulse from Chris Katje

June 30, 2023 | 2:21 pm

VNO

Vornado Realty Trust's shares are trading higher due to rumors of a large activist investor potentially getting involved in the company.

Portfolio Pulse from Benzinga Newsdesk

June 30, 2023 | 2:20 pm

ORCL

Investor Business Daily SwingTrader has reportedly purchased Oracle (ORCL) stock.

Portfolio Pulse from Happy Mohamed

June 30, 2023 | 2:20 pm

STRT

STRATTEC SECURITY CORPORATION (NASDAQ:STRT) has completed an Equity Restructuring Agreement with WITTE Automotive GmbH, selling its one-third interest in the VAST LLC joint venture for a net purchase price of $18.5 million. In return, STRATTEC received WITTE's 20% minority interest in STRATTEC Power Access LLC and the net assets of VAST LLC's Korea branch office. The restructuring will allow STRATTEC to focus on strategic growth opportunities in North America and globally.

Portfolio Pulse from Happy Mohamed

June 30, 2023 | 2:13 pm