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Equity Actions

PAYO

Payoneer Global Inc. (NASDAQ:PAYO) has announced an offer to purchase all of its outstanding public warrants to purchase shares of its common stock at a price of $0.78 in cash, without interest.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 12:20 pm

NAAS

NaaS Technology Inc. (NASDAQ:NAAS) announced that Alex Wu, President, CFO, and Director, has resigned for personal reasons effective August 9, 2024. Steven Sim will succeed him as CFO starting August 12, 2024. Wu will remain in an advisory role until November 8, 2024, to ensure a smooth transition.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 12:18 pm

SGC

Superior Group of Companies, Inc. (NASDAQ:SGC) has announced a new $10 million stock repurchase plan, replacing the previous plan from May 2019. The new plan allows the company to repurchase up to $10 million of its common stock over the next year.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 12:12 pm

JBLU

JetBlue shares are trading lower following the announcement of a $400 million convertible senior notes offering.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 11:18 am

BEKE

KE Holdings shares are trading higher after the company reported better-than-expected Q2 financial results and increased its repurchase authorization.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 11:16 am

MGTX

SNY

MeiraGTx Holdings plc (NASDAQ:MGTX) announced the pricing of an underwritten offering of 12.5 million ordinary shares at $4.00 per share, expected to raise $50 million. Sanofi led the financing with a $30 million equity investment.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 11:05 am

SCPH

scPharmaceuticals has announced a proposed underwritten public offering of common stock and pre-funded warrants. The details of the offering have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 10:10 am

BEKE

KE Holdings has increased its share repurchase authorization from $2 billion to $3 billion and extended the program until August 31, 2025. The board of directors approved these modifications on August 12, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 10:07 am

BNS

KEY

Scotiabank is making a $2.8 billion strategic investment in KeyCorp, acquiring a 14.9% stake at $17.17 per share. This investment will bolster KeyCorp's capital and earnings, increasing its CET1 capital ratio and tangible book value per share. The transaction is expected to be accretive to KeyCorp's earnings in 2025 and 2026. The deal is subject to regulatory approvals and will be completed in two tranches.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 10:03 am

SRFM

Surf Air Mobility has announced a 1-for-7 reverse stock split, with shares set to trade on an adjusted basis on the NYSE starting August 19th.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 6:45 am