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Equity Actions

FIHL

Fidelis Insurance Holdings Limited (NYSE:FIHL) is set to IPO on June 29, with shares expected to be priced between $16.00 and $19.00. The company has an insider lock-up period of 180 days ending on December 26, 2023. Fidelis is a global (re)insurance company with operations in Bermuda, Ireland, and the United Kingdom.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 3:00 pm

KGS

Kodiak Gas Services, Inc (NYSE:KGS) is set to IPO on June 29, with shares expected to be priced between $19.00 and $22.00. The company operates contract compression infrastructure in the U.S., which is critical for the production of natural gas and oil.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 3:00 pm

SVV

S-Evergreen Holding LLC (NYSE:SVV) is set to IPO on June 29 on the NYSE exchange under the ticker SVV. The company is offering shares at an expected price between $15.00 and $17.00 per share with an insider lock-up period of 180 days ending on December 26, 2023. S-Evergreen is the largest for-profit thrift operator in the United States and Canada.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 3:00 pm

AREB

AREBW

American Rebel Holdings (NASDAQ:AREB) (NASDAQ:AREBW) has entered into a securities purchase agreement to raise approximately $3.0 million through the private placement of 686,499 shares of common stock and warrants. The shares and warrants are being sold at a combined effective purchase price of $4.37. The company intends to use the proceeds for general working capital and administrative purposes. The closing of the private placement is expected to occur on June 30, 2023. Following the announcement, AREB shares dropped by 34.3%.

Portfolio Pulse from Shivani Kumaresan

June 28, 2023 | 2:59 pm

TRSSF

TerrAscend Corp. has closed the second tranche of private placements, securing total aggregate proceeds of $20.5 million. The funds will be used to qualify for the company’s proposed TSX listing, fund Maryland dispensary acquisitions, and for working capital and general corporate purposes. TerrAscend now holds approximately 99.8% of the economic ownership of TerrAscend Growth, and 95% of Cookies Retail Canada Corp.

Portfolio Pulse from Vuk Zdinjak

June 28, 2023 | 2:51 pm

NERV

Minerva Neurosciences, Inc (NASDAQ:NERV) has received a $20 million investment from Boehringer Ingelheim and Federated Hermes Kaufmann Funds via a private placement of its shares. The company plans to use the proceeds to support potential regulatory approval and market launch of roluperidone, a drug being developed to treat negative symptoms of schizophrenia. The private placement is expected to close on June 30, 2023.

Portfolio Pulse from Nabaparna Bhattacharya

June 28, 2023 | 2:49 pm

SINGY

Singapore's state investor Temasek Holdings is planning to divest a 1.85% stake in Singapore Airlines Ltd. (OTC:SINGY) for around $296 million. The shares are priced between S$7.202 and S$7.283 per share, representing a 3% and 4% discount to the last close. Temasek will remain a major shareholder in Singapore Airlines with a 53.5% stake.

Portfolio Pulse from Nabaparna Bhattacharya

June 28, 2023 | 2:38 pm

CP

CSX

Canadian Pacific Kansas City Ltd (CP) has issued new multi-year guidance as part of its FY23 Investor Day Presentation, with financial targets for 2024-2028 including high-single digit revenue CAGR and double-digit EPS CAGR. The company also announced a new direct interchange connection in Alabama with CSX Corporation (CSX) and Genesee & Wyoming Inc., which will establish a new freight corridor for shippers. CP shares are currently trading lower by 1.03%.

Portfolio Pulse from Akanksha Bakshi

June 28, 2023 | 2:28 pm

AHI

BK

Bank of New York Mellon (BK) has increased its stake in Advanced Health Intelligence (AHI) by 5 million shares, according to an ASX filing. This news has led to AHI's shares moving higher.

Portfolio Pulse from Happy Mohamed

June 28, 2023 | 2:21 pm

NERV

Minerva Neurosciences has announced a $20 million private placement priced at a premium to the market, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 2:15 pm