Streetbeat News

Equity Actions

SMFL

Smart for Life (NASDAQ: SMFL) has successfully refinanced its capital structure, converting over $5.8 million of debt into equity and $1.2 million of deferred compensation for its executive management team and board of directors into equity. This move aims to improve the company's balance sheet and support its Nasdaq listing.

Portfolio Pulse from Benzinga Newsdesk

May 26, 2023 | 1:39 pm

PARA

Paramount Global shares rose 7.39% after National Amusements announced a $125M preferred equity investment in NAI by BDT Capital Partners.

Portfolio Pulse from Benzinga Newsdesk

May 26, 2023 | 1:30 pm

PRA

ProAssurance's board has suspended its quarterly cash dividend and plans to use its existing share repurchase authorization to return capital to shareholders.

Portfolio Pulse from Benzinga Newsdesk

May 26, 2023 | 1:20 pm

LEGN

Legend Biotech Corp has filed for a stock shelf of 8.83 million ordinary shares, represented by 4.42 million American Depositary Shares (ADS), to be sold by existing shareholders, according to a SEC filing.

Portfolio Pulse from Happy Mohamed

May 26, 2023 | 1:13 pm

EFTR

eFFECTOR Therapeutics announced a $7.5M registered direct offering priced at-the-market. The company plans to use the proceeds for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

May 26, 2023 | 1:08 pm

TLRY

Tilray Brands announced the pricing of a registered offering of $150 million of unsecured convertible senior notes, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

May 26, 2023 | 12:29 pm

STEL

Stellar Bancorp has expanded its buyback program to up to $60 million, increasing the potential for repurchasing its own shares.

Portfolio Pulse from Benzinga Newsdesk

May 26, 2023 | 12:03 pm

LYRA

Lyra Therapeutics plans a $50M private placement, issuing 17.7 million shares of common stock and pre-funded warrants to purchase 2.4 million shares at $0.001 per share, and common stock purchase warrants to buy 10 million shares at $2.673 per share.

Portfolio Pulse from Benzinga Newsdesk

May 26, 2023 | 11:59 am

ABG

Asbury Automotive announces a new stock repurchase authorization of $250M. Year-to-date 2023, the company has repurchased around 1.1 million shares for approximately $211 million, with no remaining availability under the previous program.

Portfolio Pulse from Benzinga Newsdesk

May 26, 2023 | 10:52 am

TCRX

TScan Therapeutics (NASDAQ:TCRX) has priced a secondary stock offering of 22,989,474 shares at $2.00 per share and 47,010,526 pre-funded warrants at $1.9999 per warrant, expecting to raise approximately $140 million before expenses.

Portfolio Pulse from Benzinga Newsdesk

May 26, 2023 | 7:26 am