Streetbeat News

Equity Actions

BRK-A

BRK-B

OXY

Berkshire Hathaway has increased its stake in Occidental Petroleum to 24.9% after purchasing about $275 million of stock recently. Despite the increased stake, Warren Buffett has denied reports of Berkshire taking control of Occidental.

Portfolio Pulse from Anusuya Lahiri

May 31, 2023 | 1:14 pm

VSTM

Verastem Oncology has announced a 1-for-12 reverse stock split, which will reduce the number of outstanding shares and increase the stock price proportionally.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 1:14 pm

PET

Wag! Group Co. (NASDAQ:PET) is set to join the Russell Microcap Index on June 26, 2023, following the annual reconstitution. The inclusion reflects the company's commitment to becoming a leader in the pet care industry.

Portfolio Pulse from Happy Mohamed

May 31, 2023 | 12:40 pm

JEWL

Adamas One has acquired a minority equity stake in NexGenAI Solutions Group, Inc., a company specializing in artificial intelligence and machine learning technologies.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 12:35 pm

PBLA

Panbela Therapeutics (NASDAQ:PBLA) announced a 1-for-30 reverse stock split effective June 1, 2023, to increase the market price per share and regain compliance with Nasdaq Capital Market listing requirements. The number of outstanding shares will be reduced to approximately 559,560.

Portfolio Pulse from Happy Mohamed

May 31, 2023 | 12:27 pm

HRZN

Horizon Technology Finance (HRZN) shares are trading lower after the company announced pricing of a public offering of common stock.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 12:17 pm

ASLE

AerSale (ASLE) announced the pricing of a secondary offering of common stock, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 12:15 pm

BLTE

Belite Bio announced the pricing of a $30 million underwritten public offering of ADSs and warrants, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 12:15 pm

PHIO

Phio Pharmaceuticals announces a $4M concurrent registered direct offering and private placement priced at-the-market under Nasdaq rules. The company plans to use the proceeds for the development of its immuno-oncology programs, working capital, and general corporate purposes.

Portfolio Pulse from Happy Mohamed

May 31, 2023 | 12:12 pm

NAAS

NaaS Technology Inc has raised $21 million through a registered direct offering to certain investors, including Adrian Cheng and CST Group Limited. The company offered 3.5 million American depositary shares directly to investors without underwriters or placement agents. NAAS is a third-party charging network in China and a subsidiary of Newlinks Technology Limited.

Portfolio Pulse from Shivani Kumaresan

May 31, 2023 | 12:11 pm