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Equity Actions

BOH

HMST

KNF/V

Knife River Corporation (KNF/V) is set to join the S&P MidCap 400, replacing Bank of Hawaii (BOH), which will join the S&P SmallCap 600, replacing HomeStreet (HMST).

Portfolio Pulse from Benzinga Newsdesk

May 25, 2023 | 9:27 pm

TLRY

Tilray Brands Inc (NASDAQ:TLRY) announced a registered offering of $150 million worth of convertible senior notes due in 2027, with a 30-day period for underwriters to purchase an additional $22.5 million. The company plans to use the proceeds to finance the repurchase of outstanding convertible senior notes due in 2023 and 2024.

Portfolio Pulse from Adam Eckert

May 25, 2023 | 8:36 pm

EPM

Evolution Petroleum Corporation (NYSE:EPM) is set to rejoin the Russell 2000 and Russell 3000 indexes at the conclusion of the 2023 Russell indexes annual reconstitution, effective after the U.S. market opens on June 26, 2023. The company's re-inclusion illustrates its financial and operating growth under its long-term strategic plan.

Portfolio Pulse from Happy Mohamed

May 25, 2023 | 8:23 pm

MODD

Modular Medical (NASDAQ:MODD) announced that the underwriter of its public offering has fully exercised its option to purchase an additional 1,322,534 shares and warrants to purchase 661,267 shares. The total gross proceeds from the offering are approximately $10.8 million.

Portfolio Pulse from Happy Mohamed

May 25, 2023 | 8:23 pm

GROV

Grove Collaborative Holdings, Inc. (NYSE:GROV) has announced a 1-for-5 reverse stock split, effective after market close on June 5, 2023. The split is intended to increase the market price per share and help the company regain compliance with the NYSE minimum share price listing rule.

Portfolio Pulse from Happy Mohamed

May 25, 2023 | 8:17 pm

LABP

Landos Biopharma announced a 1-for-10 reverse stock split, effective May 26, 2023. The company's common stock will trade on a split-adjusted basis under the existing symbol 'LABP'.

Portfolio Pulse from Benzinga Newsdesk

May 25, 2023 | 8:11 pm

TCRX

TScan Therapeutics (NASDAQ:TCRX) has announced the launch of a proposed public offering of voting common stock, non-voting common stock, and pre-funded warrants. The offering is subject to market, regulatory, and other conditions. Morgan Stanley and Wedbush PacGrow are acting as joint book-running managers.

Portfolio Pulse from Happy Mohamed

May 25, 2023 | 8:09 pm

OCEA

Ocean Biomedical's shares are trading higher following the announcement that the company is expected to be added to the Russell 2000 Index.

Portfolio Pulse from Benzinga Newsdesk

May 25, 2023 | 7:03 pm

INUV

Inuvo announced a $4 million registered direct offering of 16 million shares of common stock at a price of $0.25 per share, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

May 25, 2023 | 5:36 pm

LLAP

Terran Orbital Corporation (NYSE:LLAP) announced a $37M equity offering, selling 29 million shares and warrants at $1.28 per share. The proceeds will be used for general corporate purposes, including capital expenditures, R&D, and working capital. The offering is expected to close on May 30, 2023.

Portfolio Pulse from Shivani Kumaresan

May 25, 2023 | 4:18 pm