Streetbeat News

Equity Actions

INUV

Inuvo, Inc. has announced a registered direct offering of 16 million shares of common stock at $0.25 per share, with expected gross proceeds of approximately $4 million. The offering is set to close on or about May 30, 2023.

Portfolio Pulse from Happy Mohamed

May 25, 2023 | 12:39 pm

CLBK

Columbia Financial, Inc. (NASDAQ:CLBK) has announced a new stock repurchase program to acquire up to 2 million shares, or approximately 1.9% of the company's outstanding common stock. This follows the completion of its fifth stock repurchase program, which authorized the purchase of up to 3 million shares at a cost of $57.7 million.

Portfolio Pulse from Happy Mohamed

May 25, 2023 | 12:38 pm

KITT

Nauticus Robotics, a leading provider of autonomous underwater vehicles, is set to join the Russell Microcap Index, which will likely increase its visibility among investors.

Portfolio Pulse from Benzinga Newsdesk

May 25, 2023 | 12:36 pm

AVD

American Vanguard Corporation (AVD) has announced a $15 million share repurchase program, aiming to return value to shareholders.

Portfolio Pulse from Benzinga Newsdesk

May 25, 2023 | 12:31 pm

MBCN

Middlefield Banc Corp. (NASDAQ:MBCN) is set to join the Russell 3000 Index after the 2023 annual reconstitution, effective June 26. The company's CEO highlighted its financial and operating growth, with a total return of $292.15 for $100 invested in Middlefield's stock from December 31, 2012, to April 30, 2023.

Portfolio Pulse from Happy Mohamed

May 25, 2023 | 12:23 pm

ILMN

Activist investor Carl Icahn is reportedly close to securing enough shareholder support to place his nominee, Andrew Teno, on Illumina Inc's board. Icahn, who holds a 1.4% stake in the company, has nominated three candidates for the board, potentially leading to the removal of CEO Francis deSouza and Chairman John Thompson. Icahn has previously called for management changes and the divestment of Grail Inc.

Portfolio Pulse from Vandana Singh

May 25, 2023 | 12:19 pm

SES

SES AI Corporation (NYSE:SES), a global leader in lithium-metal rechargeable batteries, is set to join the Russell 3000 Index after the conclusion of the 2023 annual reconstitution on June 26. Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies.

Portfolio Pulse from Happy Mohamed

May 25, 2023 | 12:18 pm

LLAP

Terran Orbital Corporation (NYSE:LLAP) announced a registered direct offering of 29 million shares and warrants at a combined purchase price of $1.28 per share, with gross proceeds expected to be $37.1 million. The funds will be used for general corporate purposes, including capital expenditures, working capital, R&D, and administrative expenses.

Portfolio Pulse from Happy Mohamed

May 25, 2023 | 12:16 pm

OCEA

Ocean Biomedical announced its addition to the Russell 2000 Index, which could potentially increase its visibility and attract more investors.

Portfolio Pulse from Benzinga Newsdesk

May 25, 2023 | 12:05 pm

TD

TD Bank Group has announced its intention to repurchase up to 30 million of its common shares for cancellation. This move is aimed at reducing the number of outstanding shares and increasing shareholder value.

Portfolio Pulse from Benzinga Newsdesk

May 25, 2023 | 10:34 am