Streetbeat News

Equity Actions

MSGE

Madison Square Garden Entertainment (MSGE) shares are trading lower after the company announced a secondary offering of 5.25 million shares by selling stockholder Sphere Entertainment Group.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2023 | 2:24 pm

TBLT

ToughBuilt Industries has priced its 10,975,611 share offering at $0.41 per share.

Portfolio Pulse from Bill Haddad

June 21, 2023 | 1:19 pm

MSM

MSC Industrial Direct Co. (NYSE:MSM) announces an agreement with the Jacobson/Gershwind family to reclassify its equity structure, eliminating the dual class share structure. The reclassification is expected to enhance corporate governance and align voting rights.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 12:47 pm

TOPS

Top Ships Inc. announced a proposed spin-off of one of its Suezmax tanker vessels. The company plans to create a separate, publicly traded company for the vessel.

Portfolio Pulse from Bill Haddad

June 21, 2023 | 12:33 pm

ABR

Arbor Realty Trust (ABR) shares are trading higher after the announcement that the company will join the S&P SmallCap 600 effective prior to the opening of trading on Friday, June 23.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2023 | 11:21 am

INFU

InfuSystem Holdings Inc. is set to join the Russell 3000 Index on June 26, 2023, which may lead to increased visibility and investment in the company.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2023 | 10:34 am

LI

NIO

XPEN

Nio's stock surged in premarket trading following China's announcement of an extension to the new energy vehicle purchase tax exemption until 2027 and a $700 million investment from Abu Dhabi government-owned CYVN Holdings. Other Chinese EV makers, XPeng and Li Auto, also rallied.

Portfolio Pulse from Shanthi Rexaline

June 21, 2023 | 10:22 am

SFTBY

SoftBank Group CEO Masayoshi Son announced the company is shifting from 'defense mode' to 'offense mode' to capitalize on the AI revolution. SoftBank has built its cash reserves to $35.3 billion and is preparing for the IPO of Arm, a U.K.-based chip design firm.

Portfolio Pulse from Benzinga Newsbot

June 21, 2023 | 4:24 am

BCDA

Biocardia and Cantor Fitzgerald have agreed to indefinitely suspend sales under the company's Controlled Equity Offering Sales Agreement, dated April 12.

Portfolio Pulse from Charles Gross

June 20, 2023 | 9:34 pm

OGE

OGE Energy recommends shareholders reject TRC Capital's unsolicited mini-tender offer, as it is significantly below the current market value of OGE Energy common stock. The offer represents approximately 1.5% of OGE Energy's shares outstanding as of June 16, 2023.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2023 | 9:31 pm