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Equity Actions

SCLX

Scilex Holding Company (SCLX) has a selling shareholder who has filed for the sale of up to 3.5 million shares. This move could potentially impact the stock price in the short term.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 8:24 pm

ABL

Abacus Life remains on track to achieve its 2024 goals, expecting Q2 net income between $0.0 and $1.0 million and Adjusted EBITDA between $15.0 and $17.0 million. The company completed a public offering generating over $90 million in net proceeds to pursue growth opportunities.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 8:20 pm

BLKB

Blackbaud has increased its total stock repurchase program capacity to $800 million, indicating a strong commitment to returning value to shareholders.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 8:10 pm

PLUG

Plug Power shares are trading lower following the announcement of a $200 million public offering of its common stock.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 8:02 pm

PLUG

Plug Power Inc. (NASDAQ:PLUG) has announced a $200 million public offering of its common stock, with an additional 30-day option for underwriters to purchase up to $30 million more. The proceeds will be used for general corporate purposes. Morgan Stanley is the sole book-running manager.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 8:02 pm

ALGT

EADSY

Allegiant Travel Company (NASDAQ:ALGT) shares dropped significantly after announcing the suspension of its dividend due to capital requirements for fleet investments. Gregory C. Anderson will become the new CEO on Sept. 1, succeeding Maurice J. Gallagher.

Portfolio Pulse from Hayden Buckfire

July 18, 2024 | 7:35 pm

RDZN

Roadzen Inc (NASDAQ:RDZN) shares fell by 11.8% to $2.00 after the company announced a debt-to-equity exchange plan involving CEO Rohan Malhotra and entities associated with Chairman Steven Carlson. The exchange aims to simplify the balance sheet and support the company's AI-driven auto insurance platform.

Portfolio Pulse from Henry Khederian

July 18, 2024 | 7:05 pm

LGVN

Longeveron Inc (NASDAQ:LGVN) shares dropped 12.8% to $3.40 after announcing a $9 million registered direct offering of 2.2 million shares at $4.025 per share, including unregistered warrants at $3.90 each. The proceeds will fund clinical development, regulatory approvals, and other corporate needs. The offering is expected to close on July 19. Analysts have a 12-month price target of $12.0 for LGVN.

Portfolio Pulse from Henry Khederian

July 18, 2024 | 7:04 pm

BHIL

Benson Hill has announced a 1-for-35 reverse stock split effective today. Trading on the NYSE will reflect the split-adjusted basis starting July 19, 2024. Shares will continue to trade under the symbol 'BHIL' with a new CUSIP number, and publicly traded warrants will trade under the symbol 'BHILW'.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 7:01 pm

DHI

FCTE

ITB

D.R. Horton (NYSE:DHI) reported strong Q3 FY24 earnings, beating expectations with a 2% Y/Y sales growth to $10 billion and EPS of $4.10. The company authorized a new $4 billion stock buyback program and revised its FY24 revenue outlook. DHI shares rose 6.2% following the news.

Portfolio Pulse from Lekha Gupta

July 18, 2024 | 5:23 pm