Streetbeat News

Equity Actions

ATNF

180 Life Sciences Corp. (NASDAQ:ATNF) has been granted an extension by the Nasdaq Listing Qualifications Panel to regain compliance with Nasdaq's continued listing requirements. The company has until September 20, 2024, to meet the Equity Rule and maintain its listing on Nasdaq.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 12:06 pm

CAPT

Captivision Inc. (NASDAQ: CAPT) has converted approximately $4.2 million of outstanding debt into equity at a $3.00 price per share and raised approximately $2.2 million via a private placement bond issuance by Captivision Korea. These actions are aimed at strengthening the company's financial position.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 12:01 pm

RNAZ

TransCode Therapeutics shares are trading lower following the announcement of a proposed public offering.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 11:37 am

CG

MRNA

David Rubenstein, Co-Founder and Co-Chairman of Carlyle Group, will join Moderna's Board of Directors effective August 5, 2024. Directors Robert Langer and Stephen Berenson will retire from the Board.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 11:13 am

AROC

Archrock shares are trading lower after the company priced an 11 million share offering at $21 per share.

Portfolio Pulse from Bill Haddad

July 23, 2024 | 11:06 am

AROC

Archrock, Inc. has priced a public offering of $11 million at $21.00 per share.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 11:05 am

UPS

UPS has announced the restart of its stock buyback program, targeting $1 billion annually, with a specific guidance of $500 million in buybacks for the fiscal year 2024.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 10:10 am

UPS

United Parcel Service (UPS) has revised its FY24 revenue outlook to $93 billion, slightly above the $92.79 billion estimate. The company also provided updates on its financial targets, including a consolidated adjusted operating margin of 9.4%, capital expenditures of $4 billion, and $500 million in share repurchases.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 10:06 am

DJT

Trump Media & Technology Group (NASDAQ:DJT) stock is trading lower on Tuesday, continuing its downward trend despite President Joe Biden's withdrawal from the 2024 Presidential race. The stock had surged 13% last week due to favorable news about Donald Trump. However, concerns arise as the stock's high valuation is closely tied to Trump's popularity, and the expiration of lockup agreements on September 25 may lead to a sell-off. The upcoming second-quarter earnings report in August will be crucial.

Portfolio Pulse from Anusuya Lahiri

July 23, 2024 | 9:53 am

MUFG

SMFG

TM

Toyota Motor Corp. (NYSE:TM) has announced a $5.2 billion share buyback from key Japanese banks and insurers as part of a broader strategy to untangle its shareholdings. The shares will be bought back at an 11% discount to their closing price. This move aligns with the Japanese government's push for corporations to dismantle cross-held shares. Toyota's shares have climbed 26% this year, and its EV sales have quadrupled in the second quarter.

Portfolio Pulse from Benzinga Neuro

July 23, 2024 | 9:23 am