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Equity Actions

ARAV

Aravive Inc has filed for a mixed shelf offering of up to $250 million, according to an SEC filing.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 8:14 pm

FDX

FedEx introduces its fiscal 2024 outlook, projecting $1.8 billion in DRIVE cost savings and an EPS of $16.50-$18.50, compared to the $18.36 estimate. The company also plans to repurchase $2.0 billion of its common stock.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 8:06 pm

DAKT

Daktronics, Inc. (NASDAQ: DAKT) is set to rejoin the Russell 3000 Index on June 26, following the 2023 Russell indexes annual reconstitution. The inclusion is expected to provide greater visibility and reach to investment managers and institutional investors.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 8:00 pm

BSFC

Blue Star Foods Corp. announced a 1-for-20 reverse stock split, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2023 | 6:06 pm

LPTX

Leap Therapeutics (NASDAQ:LPTX) has announced a 1-for-10 reverse stock split, effective June 20, 2023, to meet Nasdaq's minimum listing price per share requirements and facilitate the conversion of Series X Non-Voting Convertible Preferred Stock into common stock.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 4:35 pm

BSFC

Blue Star Foods Corp. (NASDAQ: BSFC) has announced a 1-for-20 reverse stock split, effective for trading purposes on June 21, 2023. The main purpose is to decrease the total number of shares outstanding and proportionately increase the market price to meet Nasdaq Capital Market's continued listing requirements.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 4:31 pm

DFLI

Dragonfly Energy Holdings Corp (NASDAQ:DFLI) has priced its underwritten public offering of 10 million shares and investor warrants at $2.00 each, expecting to raise approximately $20 million. The proceeds will be used for working capital and general corporate purposes. DFLI shares are trading lower by 47.7% at $1.46.

Portfolio Pulse from Shivani Kumaresan

June 20, 2023 | 3:35 pm

MXRX

Med-X, Inc is set to IPO on June 21, 2023, on the NASDAQ exchange under the ticker MXRX. The company is offering shares at an expected price of $4.00 per share with an insider lock-up period of 180 days.

Portfolio Pulse from Benzinga Insights

June 20, 2023 | 3:00 pm

RIO

Rio Tinto is investing $498 million in its Kennecott operation near Salt Lake City, Utah, to strengthen its copper supply in the US. The investment will increase production from underground mining and improve key assets, with production from the North Rim Skarn commencing in 2024.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 2:07 pm

DFLI

Dragonfly Energy Holdings priced 10 million shares at $2/share in an underwritten public offering, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2023 | 1:15 pm