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Equity Actions

DESP

Despegar.com, Corp. (NYSE:DESP) has been added to the Russell 2000 and Russell 3000 indexes as part of the annual reconstitution, effective July 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 12:32 pm

XBP

XELA

Exela Technologies' board has authorized a potential spin-off of its wholly-owned subsidiary, Exela Technologies BPA, LLC. The spin-off aims to maximize shareholder value. All Exela stockholders as of the record date in Q3 or Q4 2024 will receive a pro-rata share in a new holding company owning the BPA business while continuing to own existing Exela shares, including a 70% ownership in Nasdaq-listed XBP Europe Holdings, Inc.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 12:32 pm

CUBI

Customers Bancorp, Inc. (NYSE:CUBI) has announced a new common stock repurchase plan, allowing the company to buy back up to 497,509 shares of its outstanding common stock over the next year. This follows the expiration of a previous repurchase plan.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 12:31 pm

PHUN

Phunware has been added to the FTSE Russell Microcap Index, which could increase its visibility and attract more investors.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 12:30 pm

QSR

THCH

TH International Limited has secured up to $65 million in financing, including $50 million in convertible notes with $40 million issued at closing. Restaurant Brands International (RBI) has acquired the Popeyes China business for $15 million. Tims China has issued a $15 million convertible note to extinguish deferred consideration for the Popeyes China acquisition.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 12:17 pm

ALRN

Aileron Therapeutics (NASDAQ: ALRN) will join the Russell Microcap Index at the conclusion of the 2024 Russell U.S. Indexes annual reconstitution, effective July 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 12:12 pm

GTHX

G1 Therapeutics (GTHX) has been added to the Russell 2000 and 3000 indexes, effective at the open on July 1.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 12:11 pm

CALC

CalciMedica has been added to the Russell Microcap Index, which could increase its visibility and attract more investors.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 12:11 pm

ABBV

AbbVie has announced that Robert A. Michael has taken over as CEO, succeeding Richard A. Gonzalez, who will now serve as Executive Chairman. This leadership change is effective immediately.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 12:11 pm

SLDB

Solid Biosciences has been added to the Russell 3000 Index, which could increase its visibility and attract more investors.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 12:10 pm