Streetbeat News

Equity Actions

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

GOOG

NVDA

PATH

ARK Investment Management, led by Cathie Wood, sold over 65,600 shares of NVIDIA Corporation (NASDAQ:NVDA) worth nearly $25 million. ARK also trimmed its stake in Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) by over $1.3 million. Meanwhile, six different ARK funds bought a stake in UiPath Inc (NYSE:PATH) valued at over $72 million.

Portfolio Pulse from Bhavik Nair

May 26, 2023 | 2:34 am

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