Streetbeat News

Equity Actions

VSTO

Vista Outdoor is reviewing strategic alternatives, including a potential sale of Revelyst, engagement with MNC Capital for a possible acquisition, and a spin-off of Revelyst and The Kinetic Group. The special meeting for the CSG transaction is adjourned to September 13, 2024.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 10:04 am

BAC

BRK

Warren Buffett's Berkshire Hathaway has sold $3.2 billion worth of Bank of America shares this month, reducing its stake to 12.49%. Despite the sales, Berkshire still holds a significant number of shares in BofA. The sales come as financial stocks are expected to benefit from potential Federal Reserve rate cuts.

Portfolio Pulse from Shanthi Rexaline

July 30, 2024 | 8:48 am

BTTR

Better Choice Company Inc. (NYSE:BTTR) announced the pricing of its $5 million public offering of 1,667,000 common shares at $3 per share. The offering includes an option for underwriters to purchase an additional 100,000 shares.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 7:13 am

ARBK

Argo Blockchain has secured £6.5 million from an institutional investor through a private placement. The funds will be used for working capital, general corporate purposes, and debt repayment. The company will issue 57.8 million ordinary shares at £0.1125 per share, along with warrants to purchase an equal number of shares at the same price over five years.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 6:47 am

RNST

Renasant Corporation has priced a 6,250,000 share offering at $32 per share, raising an aggregate amount of $200 million.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 8:59 pm

GABC

HLAN

German American Bancorp (NASDAQ:GABC) and Heartland BancCorp (OTCQX:HLAN) have announced a definitive merger agreement. The all-stock transaction is expected to close in Q1 of 2025, with Heartland Bank merging into German American Bank and operating under a co-branded name in Ohio.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 8:56 pm

JNJ

Financial giants have made a bearish move on Johnson & Johnson (NYSE: JNJ) with 70% of options trades showing bearish tendencies. Significant options trades include both puts and calls, with a price target range of $135.0 to $170.0. The stock is currently down 1.64% at $158.0, and analysts have mixed ratings with price targets ranging from $150 to $215.

Portfolio Pulse from Benzinga Insights

July 29, 2024 | 8:45 pm

ALF

ALFUU

ALFUW

Centurion Acquisition Corp. announced that its Class A ordinary shares and warrants will begin separate trading on or about August 1, 2024, under the symbols 'ALF' and 'ALFUW' respectively. Units will continue to trade under 'ALFUU'.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 8:38 pm

CRGY

SBOW

Crescent Energy Company (NYSE:CRGY) has received stockholder approval for its merger with SilverBow Resources Inc. (NYSE:SBOW). The merger is expected to close on July 30, 2024.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 8:33 pm

NBY

NovaBay Pharmaceuticals (NYSE:NBY) shares have dropped by 66% to $0.67 over the past five sessions following the announcement of a public offering of 3.2 million shares and various warrants. The offering is priced at $1.10 per share or warrant, with expected gross proceeds of $3.5 million, potentially rising to $4.0 million if the over-allotment option is exercised. The funds will be used to redeem outstanding debentures and for general corporate purposes. The offering is expected to close around July 29.

Portfolio Pulse from Henry Khederian

July 29, 2024 | 8:31 pm