Streetbeat News

Equity Actions

UNCY

Unicycive Therapeutics Inc has filed with the SEC for the resale of up to 50 million shares by the selling stockholders.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 8:03 pm

LUV

Southwest Airlines shares are trading higher after the company implemented a shareholder rights plan in response to Elliott Investment's stake.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 7:27 pm

KUKE

Kuke Music Holding has entered into a securities purchase deal for a $1.1 million 8.0% convertible note due July 5, 2025, and the issuance and sale of 950,000 American Depositary Shares.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 6:37 pm

EHGO

KOSS

M

NIO

STSS

XPEV

U.S. stocks traded mostly higher with the Nasdaq Composite gaining over 100 points. Key movers included Koss Corporation, Macy’s, Sharps Technology, NIO Inc., Eshallgo Inc., and XPeng Inc. Nonfarm payrolls increased by 206,000, slightly above expectations.

Portfolio Pulse from Avi Kapoor

July 05, 2024 | 4:11 pm

LBTYA

Liberty Global is considering selling a stake in its Swiss telecom unit, Sunrise, ahead of a planned spin-off later this year. Talks have been held with several investors, including Swiss family offices. The spin-off is on track for the fourth quarter, with JP Morgan and UBS advising on the plans. Liberty Global plans to inject 1.5 billion Swiss francs into Sunrise to reduce leverage and has committed to a minimum dividend of 240 million Swiss francs. The enterprise value of Sunrise could be in the range of 8 to 9 billion Swiss francs.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 3:02 pm

SNN

Smith & Nephew shares are trading higher after a Form6 filing showed Cevian Capital II GP Limited reported a 5.021046% stake in the company.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 3:02 pm

IMCC

IM Cannabis Corp. (NASDAQ:IMCC) has announced a major share consolidation plan, converting every six pre-consolidated shares into one post-consolidated share, effective July 12, 2024. This move aims to enhance the stock's marketability and align with strategic financial goals. Post-consolidation, the number of common shares will decrease significantly. The company's shares were trading 3.96% lower at $0.4485 per share at the time of the announcement.

Portfolio Pulse from Patricio Liddle

July 05, 2024 | 3:02 pm

ADX

Adams Diversified Equity Fund, Inc. (NYSE:ADX) has commenced its previously announced tender offer to acquire up to 10% of its issued and outstanding common stock for cash. The offer is priced at 98% of the net asset value per share as of the close of trading on August 2, 2024, or the expiration date if extended.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 3:02 pm

SGN

Signing Day Sports has filed a prospectus for the offer and resale of 6,643,788 shares of common stock, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 3:01 pm

SNN

Smith & Nephew's Form 6-K filing reveals that Cevian Capital II GP Limited has reported a 5.021046% stake in the company, corresponding to 43,901,527 voting rights.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 3:01 pm