Streetbeat News

Equity Actions

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

May 31, 2023 | 9:15 pm

ACOR

Acorda Therapeutics plans to conduct a 1-for-20 reverse stock split, effective at 4:01 p.m. Eastern Time on June 2, 2023. The move aims to regain compliance with the $1.00 per share minimum closing price required for continued listing on The Nasdaq Global Select Market.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 9:11 pm

LCID

Lucid Group announces a public offering of 173,544,948 shares of common stock, expecting to raise $3.0 billion. Additionally, its majority stockholder, Ayar Third Investment Company, will purchase 265,693,703 shares for $1.8 billion in a private placement.

Portfolio Pulse from Happy Mohamed

May 31, 2023 | 9:00 pm

LCID

Lucid Motors is raising approximately $3 billion in new funding from its Saudi Arabian owners, according to Bloomberg. This move will provide the electric vehicle maker with additional capital to expand its operations.

Portfolio Pulse from Bill Haddad

May 31, 2023 | 8:53 pm

HST

Host Hotels & Resorts has filed a prospectus supplement for a common stock offering from time to time of up to $600 million, according to an SEC filing.

Portfolio Pulse from Happy Mohamed

May 31, 2023 | 8:31 pm

ALTR

Altair Engineering's board has expanded its stock repurchase program authorization from $50M to $75M, with the program approved to run through December 2, 2024, but may be suspended or discontinued at any time.

Portfolio Pulse from Happy Mohamed

May 31, 2023 | 8:25 pm

LXRX

Lexicon Pharmaceuticals (NASDAQ:LXRX) has commenced an underwritten public offering of its common stock, subject to market and other conditions. The company also plans to grant underwriters a 30-day option to purchase additional shares.

Portfolio Pulse from Happy Mohamed

May 31, 2023 | 8:05 pm

VNRX

VolitionRx has announced a proposed underwritten public offering of its common stock, with the size of the offering not yet disclosed.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 8:05 pm

TRKA

Troika Media Group announced a 1-for-25 reverse stock split, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 7:46 pm

PHIO

Phio Pharmaceuticals announced a $4 million concurrent registered direct offering and private placement priced at-the-market under Nasdaq rules, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 7:37 pm