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AZTR

Azitra shares are trading lower after the company announced a 1-for-30 reverse stock split.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 11:01 am

ALV

Autoliv, Inc. (NYSE: ALV) announced the retirement of 1,309,606 shares of common stock, reducing the total issued shares to 84,816,615 and outstanding shares to 80,079,757. The company holds 4,736,858 shares in treasury with no voting or distribution rights.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 7:40 am

CJET

Chijet Motor Company, Inc. (NASDAQ:CJET) announced that its shareholders approved a reverse stock split and an increase in authorized share capital during the annual shareholder meeting. The reverse stock split consolidates every 30 shares into 1, and the authorized share capital is increased significantly.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 7:32 am

ALMS

Alumis Inc. (NASDAQ: ALMS), a clinical-stage biopharmaceutical company, has priced its IPO of 13.125 million shares at $16 per share. Trading begins today on Nasdaq under the symbol 'ALMS'. The offering is expected to close on July 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 7:31 am

NXL

Nexalin Technology, Inc. (NASDAQ:NXL) has announced a public offering of 3 million shares at $1.75 per share, raising approximately $5.25 million before fees and expenses. The offering is expected to close on July 1, 2024, with Maxim Group LLC acting as the sole placement agent.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 7:23 am

LSH

Lakeside Holding Limited announces its $6.75 million IPO at $4.50 per share, with shares starting to trade on Nasdaq under the ticker 'LSH' on June 28, 2024. The offering is expected to close around July 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 7:21 am

LB

LandBridge Company LLC has priced its IPO at $17 per share and will begin trading on the NYSE under the ticker symbol 'LB' on June 28, 2024. The company expects to raise approximately $236.1 million from the offering and a concurrent private placement, with potential to increase to $270.9 million if underwriters exercise their option to purchase additional shares.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 7:18 am

OXLC

OXLCL

OXLCM

OXLCN

OXLCO

OXLCP

OXLCZ

Oxford Lane Capital Corp. (NASDAQ:OXLC) has announced a $100 million public offering of 8.75% unsecured notes due 2030. The proceeds will be used to acquire investments and for general working capital. The notes will be listed on NASDAQ under the symbol 'OXLCI'.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 7:00 am

SMCI

WBA

Walgreens Boots Alliance Inc. (NASDAQ:WBA) is at risk of being removed from the Nasdaq 100 index due to financial struggles, with Super Micro Computer Inc. (NASDAQ:SMCI) likely to replace it. Walgreens' stock has plummeted following the announcement of pharmacy closures and a revised financial outlook. Super Micro Computer has seen significant stock gains and is a strong candidate for the Nasdaq 100.

Portfolio Pulse from Benzinga Neuro

June 28, 2024 | 4:17 am

PTGX

WIRE

Protagonist Therapeutics (PTGX) will join the S&P SmallCap 600, replacing Encore Wire (WIRE) effective prior to the opening of trading on July 3. Encore Wire is being acquired by Prysmian SpA, pending final conditions.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 9:21 pm