Streetbeat News

Equity Actions

ZURA

Zura Bio Limited (ZURA) will be added to the Russell 2000 and Russell 3000 Indexes at the conclusion of the 2023 Russell indexes annual reconstitution, effective after the US market opens on June 26, 2023.

Portfolio Pulse from Benzinga Newsdesk

June 23, 2023 | 10:32 am

SPCE

Virgin Galactic's stock fell sharply in premarket trading on Friday after filing a prospectus for a $400 million at-the-market common stock offering. The company plans to use the proceeds for spaceship fleet development and scaling commercial operations. KeyBanc analyst Michael Leshock sees the offering as good timing but estimates it will be 20-25% dilutive to shares.

Portfolio Pulse from Shanthi Rexaline

June 23, 2023 | 10:13 am

HRT

HireRight Holdings Corporation (NYSE:HRT) has authorized an additional $25 million share repurchase program. The company plans to fund the repurchases from its existing cash and future cash flows. This follows a $100 million share repurchase program completed on June 22, 2023.

Portfolio Pulse from Shivani Kumaresan

June 23, 2023 | 9:28 am

BTCUSD

ETHUSD

HUBS

JPM

PENN

Blockworks, a crypto-focused media company, recently raised $12 million at a $135 million valuation. The funds will be used to expand globally and build a research and data offering. Blockworks aims to become the largest research and analytics platform in the crypto industry within a year.

Portfolio Pulse from Renato Capelj

June 22, 2023 | 10:38 pm

EGLE

Eagle Bulk Shipping has repurchased approximately 3.8 million shares of its common stock from Oaktree Capital Management, representing Oaktree's entire 28% ownership in the company, for an aggregate purchase price of $219.3 million.

Portfolio Pulse from Charles Gross

June 22, 2023 | 9:35 pm

SKLZ

Skillz has announced a 1-for-20 reverse stock split, effective June 23, 2023, to return to compliance with the New York Stock Exchange continued listing standards. The split was authorized by Skillz stockholders at the Annual Meeting of Stockholders on June 20, 2023.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 9:01 pm

SPCE

Virgin Galactic Holdings plans to offer shares of common stock with an offering price of up to $400 million from time to time.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 8:46 pm

TFIN

TriumphPay has announced a strategic relationship with Trax Group, Inc., with TBK Bank making a $9.7 million minority investment in Trax. Trax will integrate with the TriumphPay payments network, enhancing its transportation spend management platform. Josh Bouk, former president of Trax, will join TriumphPay as executive vice president, chief partnership officer.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 8:43 pm

CVRX

CVRx, a medical device company, is set to join the Russell 2000 and 3000 indexes, which could lead to increased visibility and demand for its stock.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 8:32 pm

CHMG

Chemung Financial Corp has filed for a mixed shelf offering of up to $75 million, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 8:20 pm