Streetbeat News

Equity Actions

LCID

Lucid Group announced a public offering of 173.54 million shares for $1.2 billion and a private placement of 265 million shares for $1.8 billion. The majority stockholder, Ayar Third Investment Company, will maintain 60.5% ownership. Lucid's stock price fell 13% following the announcement.

Portfolio Pulse from Adam Eckert

June 01, 2023 | 12:40 pm

LCID

Lucid Group announced a public offering of 173,544,948 shares of its common stock, with an affiliate of PIF investing for aggregate proceeds of ~$3.0 billion. This news has led to a decline in LCID's share price.

Portfolio Pulse from Benzinga Newsdesk

June 01, 2023 | 12:38 pm

IDAI

Trust Stamp announced the pricing of a $2.9 million registered direct offering at $2.30 per share.

Portfolio Pulse from Benzinga Newsdesk

June 01, 2023 | 12:32 pm

LXRX

Lexicon Pharmaceuticals announced the pricing of its $125M public offering of 23,924,705 shares at $2.60 per share and a concurrent private placement. The company plans to use the proceeds to fund the commercial launch of INPEFA and continued R&D of its drug candidates.

Portfolio Pulse from Happy Mohamed

June 01, 2023 | 12:18 pm

ANGN

Angion Biomedia Corp. has announced a 1-for-10 reverse stock split, which will reduce the number of outstanding shares and increase the stock price proportionally.

Portfolio Pulse from Benzinga Newsdesk

June 01, 2023 | 12:05 pm

QIPT

Quipt Home Medical has announced the termination of its At-The-Market (ATM) equity program.

Portfolio Pulse from Benzinga Newsdesk

June 01, 2023 | 11:32 am

SBBA

STNG

Scorpio Tankers' Board of Directors has replenished the 2023 Securities Repurchase Program, allowing the purchase of up to $250 million of the company's securities, including common shares and Senior Unsecured Notes Due 2025 (NYSE:SBBA).

Portfolio Pulse from Charles Gross

June 01, 2023 | 10:51 am

FXI

TSLA

Shanghai Communist Party Chief met with Tesla's Elon Musk, welcoming Tesla to increase investment and business in Shanghai and deepen cooperation in areas such as NEV and energy storage, according to a Reuters statement.

Portfolio Pulse from Charles Gross

June 01, 2023 | 10:46 am

DEO

DVY

UL

The article discusses the importance of investing in dividend stocks and suggests three dividend stocks to consider: iShares Select Dividend ETF (DVY), Diageo (DEO), and Unilever (UL). The author believes that a barbell approach, combining growth stocks with dividend stocks, can create a balanced portfolio.

Portfolio Pulse from Benzinga Contributor

June 01, 2023 | 2:11 am

AGI

Alamos Gold has filed a Base Shelf Prospectus for the issuance of up to $500 million of securities, including Class A common shares, debt securities, warrants, and subscription receipts. The prospectus is effective for 25 months.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 10:03 pm