Streetbeat News

Equity Actions

AZEK

The AZEK Company Inc. (NYSE:AZEK) has announced a $50 million accelerated share repurchase (ASR) program of its Class A common stock, in partnership with Goldman Sachs. The repurchase will be funded with cash on hand, with an initial delivery of approximately 0.9 million shares and final settlement by August 2024. Post-ASR, AZEK will have $625 million remaining in its share repurchase program.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 1:05 pm

BNOX

Bionomics has filed for the resale of up to 3.64 billion ordinary shares by the selling shareholder, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 1:01 pm

GWAV

Greenwave Technology shares are trading higher after the company completed its recapitalization.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 12:44 pm

BTDR

LEN

NEE

NTES

RXRX

TAK

URGN

VRE

Several major stocks are experiencing declines in Tuesday's pre-market session. Notable drops include NextEra Energy (NEE) after announcing a $2 billion equity unit sale, Lennar Corporation (LEN) following quarterly results, and Veris Residential (VRE) after a share offering. Other companies like UroGen Pharma (URGN), Bitdeer Technologies (BTDR), NetEase (NTES), Recursion Pharmaceuticals (RXRX), and Takeda Pharmaceutical (TAK) also saw pre-market declines.

Portfolio Pulse from Avi Kapoor

June 18, 2024 | 12:39 pm

WK

Workiva has acquired Sustain.Life for $100 million, making it a wholly owned subsidiary. Equity awards have been adjusted and an escrow agreement has been established.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 12:25 pm

NEE

NextEra Energy shares are trading lower after the company announced it will sell equity units.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 11:14 am

ALIT

Alight has announced a $75 million accelerated share repurchase agreement, which is expected to reduce the number of outstanding shares and potentially increase the value of remaining shares.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 10:30 am

VRE

Veris Residential has withdrawn its proposed public offering of shares of its common stock and intends to terminate its pending acquisition of 55 Riverwalk Place. No shares will be sold pursuant to the offering.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 10:03 am

URGN

UroGen Pharma has priced a public offering of 5 million shares at $17.50 per share and pre-funded warrants to purchase 1.14 million shares at $17.499 per warrant, aiming to raise approximately $107.5 million in gross proceeds.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 9:01 am

MACI

MACIU

MACIW

Melar Acquisition Corp. I has priced its $150M IPO at $10 per unit, with each unit consisting of one Class A ordinary share and one-half of one warrant. The units will be listed on Nasdaq under the symbol 'MACIU' starting June 18, 2024. The Class A shares and warrants will trade separately under 'MACI' and 'MACIW' respectively once separated.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 9:00 am