Streetbeat News

Equity Actions

EQC

Equity Commonwealth (EQC) has announced plans to repurchase up to an additional $150 million of its common shares from July 1, 2024, through June 30, 2025, under its existing share repurchase program. The company still has $93 million remaining under its prior authorization, which expires on June 30, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 9:49 pm

TREE

LendingTree has promoted Jason Bengel to CFO following the departure of Trent Ziegler on August 9, 2024. The company also announced several leadership changes to support its strategic initiatives and growth trajectory.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 9:32 pm

PR

Permian Resources has extended its existing registration rights agreement. Post Member Distribution, private equity stockholders will own about 16% of the company's shares, with no single party owning more than 7%. The management team owns approximately 7% of the shares, and the Co-CEO's compensation is entirely in long-term equity.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 9:14 pm

DJT

Trump Media & Technology Group Corp. (NASDAQ:DJT) shares are trading lower after the U.S. SEC declared the effectiveness of a registration statement on Form S-1, allowing the resale of certain shares and warrants. The stock fell 9.82% during the regular session and an additional 13.93% after-hours.

Portfolio Pulse from Erica Kollmann

June 18, 2024 | 9:12 pm

IPSC

Century Therapeutics has filed with the SEC for a shelf registration of up to 7.9 million shares of common stock by selling stockholders.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 8:51 pm

HMST

HomeStreet, Inc. (NASDAQ:HMST) announced that its shareholders have approved the merger agreement with FirstSun Capital Bancorp. The final voting results will be filed on June 20, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 8:46 pm

BIOL

Biolase shares are trading lower after the company announced that it will delist from the Nasdaq.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 8:36 pm

SPCE

Virgin Galactic Holdings, Inc. (NYSE:SPCE) shares are trading lower following a 1-for-20 reverse stock split aimed at meeting NYSE's minimum bid price requirement. Despite a successful tourist launch, the stock has dropped over 40% in the past month and is down 91.24% year-to-date. The company plans to replace its VSS Unity spaceplane with Delta class spaceships by 2026.

Portfolio Pulse from Vaishali Prayag

June 18, 2024 | 8:34 pm

TDCX

TDCX has completed its going-private transaction. Each Class A and Class B share, as well as American Depositary Shares (ADSs), will be cancelled in exchange for $7.20 per share or ADS. Vested warrants will be cancelled for $7.19 each.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 8:34 pm

DWAC

Trump Media & Technology Group (TMTG) announced that the SEC has declared its Form S-1 registration statement effective. This allows the resale of shares and warrants by certain securityholders, potentially generating up to $247 million from warrant exercises. Additionally, $40 million in restricted cash will become unrestricted, supplementing over $200 million in unrestricted cash.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 8:27 pm