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Equity Actions

ARKK

NVDA

Cathie Wood, founder of ARK Invest, praised Nvidia as a 'check-the-box' stock, highlighting its importance in the AI sector. She also mentioned that 90% of ARKK's holdings use AI with proprietary data.

Portfolio Pulse from Happy Mohamed

May 26, 2023 | 4:48 pm

MSFT

OpenAI raised $495 million in a recent share sale, significantly more than the previously reported $300 million. The sale allowed employees to sell shares to a group of investors, including Andreessen Horowitz, Khosla Ventures, Sequoia Capital, and Founder's Fund. The offering valued OpenAI at $27 billion to $29 billion.

Portfolio Pulse from Happy Mohamed

May 26, 2023 | 4:08 pm

SBIG

SpringBig Holdings has priced a $4 million offering, causing its shares to trade lower.

Portfolio Pulse from Bill Haddad

May 26, 2023 | 3:53 pm

ATMU

Atmus Filtration Technologies' shares opened for trade at $21.67 per share, higher than its IPO price of $19.50 per share.

Portfolio Pulse from Happy Mohamed

May 26, 2023 | 3:40 pm

SFT

Maruthi Venkata expressed concerns over a company's operation and financial performance, suggesting debt restructuring and a strategic sale to private equity. He also demanded an observer seat on the Board and reserved the right to change his plans depending on various factors.

Portfolio Pulse from Happy Mohamed

May 26, 2023 | 2:38 pm

SBIG

SpringBig Holdings (NASDAQ:SBIG) announced a $4M public offering of 13 million shares at $0.3037 per share. The offering is expected to close on May 31, 2023. Gross proceeds are estimated at $3M, with $1M of the company's existing senior secured convertible note being canceled in exchange for shares. The funds will be used for working capital and general corporate purposes.

Portfolio Pulse from Vuk Zdinjak

May 26, 2023 | 2:33 pm

SPLIF

Vertical Peak Holdings Inc. (OTCPK:SPLIF) (CSE:MJMJ) has completed the spin-out of Neural Therapeutics Inc. through a plan of arrangement. Vertical Peak shareholders received their pro rata portion of Neural shares, and Neural issued 2 million common share purchase warrants to Vertical Peak.

Portfolio Pulse from Vuk Zdinjak

May 26, 2023 | 2:11 pm

MAX

White Mountains Insurance Group and WM Hinson have commenced a tender offer for up to 5 million shares of MediaAlpha stock, causing its shares to trade higher.

Portfolio Pulse from Benzinga Newsdesk

May 26, 2023 | 1:59 pm

PARA

Paramount Global shares are up following a $125 million preferred equity investment in National Amusements by BDT Capital Partners and an upgrade from Loop Capital, which changed its rating from Sell to Hold.

Portfolio Pulse from Benzinga Newsdesk

May 26, 2023 | 1:53 pm

SBIG

SpringBig Holdings, Inc. (NASDAQ: SBIG) has priced a public offering of 13,061,014 shares of its common stock at $0.3037 per share, aiming to raise $4 million. The offering is expected to close on May 31, 2023, with Roth Capital Partners acting as the sole placement agent.

Portfolio Pulse from Happy Mohamed

May 26, 2023 | 1:47 pm