Streetbeat News

Equity Actions

DJT

Trump Media & Technology Group Corp (NASDAQ:DJT) shares are trading lower after the SEC declared effective the company’s registration statement on Form S-1 related to the resale of shares and warrants. The registration allows for the issuance of up to 14.4 million common shares and the resale of 146.1 million shares, including 78.8 million held by Trump. The company may receive up to $247 million if all warrants are exercised for cash.

Portfolio Pulse from Adam Eckert

June 20, 2024 | 1:26 pm

MBIO

Mustang Bio has announced a registered direct offering and a concurrent private placement involving the issuance and sale of 6.13 million shares of common stock at $0.41 per share. Additionally, 6.13 million unregistered warrants will be issued in the private placement. The offering is expected to close on or about June 21, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 12:57 pm

FSUMF

Fortescue Metals Group (OTCQX:FSUMF) is facing significant challenges, including falling iron ore prices, executive turnover, infrastructure issues, and declining investor confidence. The company's stock has declined over 25% year-to-date, and major shareholder Capital Group has sold a substantial portion of its shares.

Portfolio Pulse from Stjepan Kalinic

June 20, 2024 | 12:43 pm

SONN

Sonnet BioTherapeutics has announced the exercise of warrants, resulting in gross proceeds of $3.4 million.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 12:41 pm

SEZL

Sezzle has announced an additional $15 million stock repurchase plan after completing a previous $5 million plan. The repurchases will be based on market conditions, stock price, and other factors.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 12:19 pm

GRI

GRI Bio has filed to sell shares of common stock and warrants, though the amount has not been specified.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 12:18 pm

THAR

Tharimmune shares are trading higher following the announcement of a $2.08 million private placement.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 12:18 pm

THAR

Tharimmune has announced a securities purchase agreement for the purchase and sale of 659,545 shares and warrants to purchase up to 329,771 shares at $3.16 per share in a private placement.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 12:16 pm

MBIO

Mustang Bio shares are trading lower following the announcement of a $2.5 million registered direct offering of 6.130 million shares at $0.41 per share.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 12:12 pm

TPET

Trio Petroleum has announced significant changes in its leadership. Robin Ross returns as Chairman of the Board, Stan Eschner transitions to Vice Chairman, and former CEO Frank Ingriselli resigns as Director effective June 17, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 12:11 pm