Streetbeat News

Equity Actions

LDTC

LeddarTech Holdings Inc. (NASDAQ: LDTC) announced a financing agreement with principal shareholders and senior lender for up to $9 million in bridge loans. FS Investors and Investissement Québec have the option to convert their loans into common shares at a premium price. Additionally, FS will convert $1.5 million of existing convertible notes into shares at $2.00 per share.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 12:01 pm

PROP

Prairie Operating Co. (NASDAQ:PROP) has secured $24 million from Watermill Capital Partners through the exercise of Series E B Warrants, simplifying its capital structure and enhancing its position for long-term growth.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 11:37 am

ROCK

WHR

Gibraltar Industries has appointed Joseph Lovechio as its new CFO, effective August 19, 2024. Lovechio, previously CFO for Whirlpool Corporation's North America Region, will succeed Timothy F. Murphy, who will retire but stay on through early 2025 to assist with the transition.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 11:31 am

SOND

Sonder has secured approximately $146 million in additional liquidity, including a $43 million convertible preferred equity investment and $83 million from existing noteholders. This includes a $4 million financing funded on August 13, 2024, and a 30-month extension of the paid-in-kind feature of the Note Purchase Agreement. Other sources of liquidity total $20 million, in addition to a previously announced $16 million in financing.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 11:18 am

HUBC

HUB Security is in discussions to extend the maturity date of a $4M principal note originally due in August 2024. The company also completed a $3.3M private placement from non-U.S. investors in the form of convertible notes with a conversion price of $0.70 per share, along with warrants at an exercise price of $1.00 per share.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 11:13 am

ANDE

The Andersons has announced that current COO Bill Krueger will succeed Pat Bowe as President and CEO, effective October 1, 2024. Bowe will remain as Chairman, and Krueger will also join the Board of Directors.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 10:57 am

EL

Estée Lauder Companies (EL) has released its Q1 fiscal 2025 outlook, projecting a decrease in both reported and organic net sales by 5% to 3% compared to the prior year. Adjusted diluted net earnings per share are expected to range between $0.01 and $0.09, significantly below the $0.66 estimate. The company also anticipates restructuring charges between $54 million to $59 million.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 10:56 am

EL

Estée Lauder's President & CEO Fabrizio Freda has announced his intention to retire at the end of FY25. The Board is advanced in its CEO succession planning, considering both internal and external candidates. Freda will continue to lead the company until a successor is appointed and will assist in the transition process.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 10:32 am

JBHT

J.B. Hunt Transport Services has announced a new share repurchase program authorizing the buyback of $1 billion of its common stock. The timing and amount of repurchases will depend on market conditions and other factors. This program will commence after the completion of the existing $500 million repurchase program.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 10:21 am

BNR

Burning Rock Biotech has announced the delisting of its American Depositary Shares (ADS) from the London Stock Exchange (LSE), effective September 18, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 6:37 am