Streetbeat News

Equity Actions

MSFT

OpenAI has revised its policies on secondary share sales, allowing both current and former employees to participate equally in its annual tender offers. This change comes amid OpenAI's rising valuation and a sluggish IPO market.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 8:23 pm

BIRK

Birkenstock has filed for a secondary offering of up to 14 million ordinary shares by a selling shareholder, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 8:22 pm

DAR

Darling Ingredients has approved a two-year extension and a $500 million refresh for its share repurchase program as of June 21.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 8:21 pm

CNS

Raja Dakkuri has been appointed as the new CFO of Cohen & Steers, succeeding Matthew Stadler, who will retire in 2024.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 8:18 pm

TRGP

Targa Resources announced that William A. Byers will join the company as CFO. Jennifer R. Kneale, the current CFO, will become President - Finance and Administration, continuing to report to CEO Matthew J. Meloy.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 8:16 pm

CITE

Nidar Infrastructure and Cartica Acquisition have entered a definitive deal and plan of merger for a business combination, with Nidar set to become a US-listed company. The pre-transaction equity value of Nidar is approximately $2.75 billion. Cartica is a SPAC focused on technology sector mergers.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 8:12 pm

NXL

Nexalin Technology has filed a prospectus for the sale of up to $7 million of common stock in a public offering, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 7:54 pm

DDC

DDC Enterprise shares are trading lower after the company announced an offering of Class A Ordinary Shares in a high-risk investment opportunity.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 7:50 pm

DDC

DDC Enterprise announced it is offering Class A Ordinary Shares in a high-risk investment opportunity exempt from U.S. Securities Law registration. The shares come with transfer restrictions and will be issued once NYSE American compliance is fulfilled. No size or price per share was disclosed.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 7:43 pm

KORE

KORE Group Holdings Inc (NASDAQ:KORE) shares are down 16.8% to $0.49 after announcing a 1-for-5 reverse stock split to meet NYSE's minimum listing requirements. The split, effective July 1, aims to increase the stock's per share price. KORE shares have decreased by 64.28% in the past year and have a 52-week high of $1.59 and a low of $0.32.

Portfolio Pulse from Henry Khederian

June 24, 2024 | 5:49 pm