Streetbeat News

Equity Actions

RDNT

RadNet, Inc. (NASDAQ:RDNT) plans to offer and sell $175 million of common stock in an underwritten public offering, with a 30-day option for underwriters to purchase an additional $26.25 million shares. The company intends to use the proceeds to pay down $100 million of its first lien term loans and for working capital and general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 8:04 pm

KURA

Kura Oncology has announced the commencement of a $100 million public offering of common stock and pre-funded warrants. This move aims to raise capital for the company's ongoing operations and development.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 8:03 pm

BOXL

Boxlight's board has approved a 1-for-8 reverse stock split of its Class A common stock, which is expected to begin trading on a reverse-split adjusted basis on June 15, 2023.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 8:01 pm

AUUD

Auddia Inc. (NASDAQ:AUUD) shares are trading lower after announcing a securities purchase agreement with institutional investors for 4,735,000 shares at $0.65 per share, raising approximately $3.1 million before fees and expenses. The offering is expected to close on June 15, 2023.

Portfolio Pulse from Ryan Gustafson

June 13, 2023 | 7:22 pm

AMZN

CRM

GOOG

GOOGL

GWRE

HUBS

MDB

META

MSFT

PINS

SNAP

VEEV

RBC Capital predicts that companies failing to embrace generative AI will see their multiples compress by over 50% in the next five years. The firm has identified four categories of AI beneficiaries: market leaders, vertical software leaders, mid-market challengers, and generative AI enablers. Microsoft and Salesforce are among the market leaders, while Amazon, Alphabet, Meta, Snap, and Pinterest are internet companies that can benefit from AI acceleration.

Portfolio Pulse from Adam Eckert

June 13, 2023 | 6:37 pm

GNUS

Genius Brands International Inc (NASDAQ:GNUS) announced a name change to Kartoon Studios and plans to transfer its listing from Nasdaq to NYSE, trading under the new ticker symbol 'TOON'. The company also reported the successful launch of 'Shaq's Garage' on Pluto TV.

Portfolio Pulse from Adam Eckert

June 13, 2023 | 6:12 pm

FWBI

First Wave BioPharma (NASDAQ: FWBI) has entered into agreements to exercise existing warrants for 1,681,667 shares at a reduced price of $1.15 per share, in exchange for new warrants. The transaction is expected to generate $2.4 million in gross proceeds.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 4:52 pm

AUUD

Auddia announced the pricing of a 4.735 million share registered direct offering at $0.65 per share, leading to its shares trading lower on an abnormally-high volume.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 4:16 pm

AUUD

IPX

Crude oil prices rose sharply, and U.S. stocks traded higher with Dow Jones gaining over 100 points. IperionX Limited (IPX) shares surged after agreeing to supply titanium metal components for Ford Motor Company. Auddia Inc. (AUUD) shares plummeted after pricing a $3.1 million registered direct offering of common stock.

Portfolio Pulse from Lisa Levin

June 13, 2023 | 4:02 pm