Streetbeat News

Equity Actions

SEED

Origin Agritech announced that its $10M equity purchase agreement with Oasis Capital, initially entered into on May 21, 2021, has expired and the company does not intend to renew the agreement or enter into any similar structured financing agreement.

Portfolio Pulse from Happy Mohamed

May 24, 2023 | 1:48 pm

JKS

JinkoSolar's subsidiary, Jiangxi Jinko, has entered an equity transfer agreement to sell its 100% equity interest in Xinjiang Jinko Solar Co. for RMB4.3 billion. The deal is expected to reduce operational costs and improve production efficiency. Jiangxi Jinko also signed an investment framework agreement to construct production lines with a total annual capacity of 56 GW for an estimated investment of RMB56 billion.

Portfolio Pulse from Akanksha Bakshi

May 24, 2023 | 1:40 pm

FGBI

First Guaranty Bancshares, Inc. (NASDAQ:FGBI) has completed a $10 million private placement offering of 714,286 shares of common stock at $14 per share. The proceeds will be used for general corporate purposes, including supporting growth and enhancing regulatory capital ratios.

Portfolio Pulse from Happy Mohamed

May 24, 2023 | 1:31 pm

BDRX

Biodexa Pharmaceuticals PLC (NASDAQ:BDRX) announces a $3.32 million registered direct offering of 22,135,922 new American Depositary Shares at a price of $0.15 per share. The offering is expected to close on May 26, 2023, with net proceeds of approximately $2.61 million to be used for working capital and general corporate purposes.

Portfolio Pulse from Happy Mohamed

May 24, 2023 | 12:41 pm

OCGN

Ocugen, Inc. (NASDAQ:OCGN) has priced its underwritten public offering of 30 million shares of common stock for gross proceeds of $16.5 million. The offering is expected to close on May 26, 2023. The net proceeds will be used for general corporate purposes, capital expenditures, working capital, and general and administrative expenses.

Portfolio Pulse from Happy Mohamed

May 24, 2023 | 12:37 pm

LINC

Lincoln Educational Services (LINC) will be added to the preliminary list of the reconstituted Russell 3000 Index.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2023 | 12:33 pm

C

Citigroup announced plans to resume share buybacks this quarter, following the Federal Reserve's decision to lift restrictions on bank dividends and share repurchases.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2023 | 12:32 pm

C

Citigroup plans to pursue an IPO of its consumer, small business, and middle market banking operations in Mexico, aiming to unlock value for shareholders.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2023 | 12:31 pm

NVTS

Navitas Semiconductor has priced its 10 million share common stock offering at $8 per share.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2023 | 12:31 pm

PWR

Quanta Services (PWR) has authorized a new $500 million share repurchase program, effective upon the expiration of the existing program. The company also declared a quarterly dividend of $0.08 per share, payable on July 14, 2023.

Portfolio Pulse from Lekha Gupta

May 24, 2023 | 12:28 pm