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ARM

Arm Holdings will join the Nasdaq-100 Index starting June 24, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 6:32 am

RARE

Ultragenyx has announced a $350 million public offering of 7,435,898 common shares at $39 per share and pre-funded warrants. The offering includes pre-funded warrants to purchase 1,538,501 shares at $38.999 per warrant. The gross proceeds are expected to be $350 million before expenses.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 6:27 am

GANX

Gain Therapeutics has announced the pricing of an $11 million public offering, which includes 7,116,547 shares of common stock at $1.35 per share and pre-funded warrants for 1,031,602 shares. The pre-funded warrants are immediately exercisable.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 6:25 am

RZLT

Rezolute has announced a $60 million public offering, pricing 11.25 million common shares at $4 per share and pre-funded warrants at $3.999 each.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 6:10 am

TSLA

Tesla's recent shareholder meeting saw strong support for Elon Musk's leadership, with shareholders reapproving his multibillion-dollar pay package. Analyst Dan Ives predicted a trillion-dollar market cap for Tesla, while investor Ross Gerber, previously critical of Musk, expressed optimism about his management.

Portfolio Pulse from Kaustubh Bagalkote

June 14, 2024 | 1:43 am

LNW

Light & Wonder has announced a new three-year share repurchase program, authorizing the buyback of up to $1 billion of its common stock through June 12, 2027. This replaces the previous program which allowed for $750 million in repurchases and was set to expire on February 26, 2025.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 9:27 pm

TSLA

Tesla shareholders approved a $56 billion pay package for CEO Elon Musk and other company proposals during the annual shareholders meeting. Key highlights included the success of the Model Y, the start of Cybertruck deliveries, and advancements in AI and FSD. The re-classification of Tesla's corporate headquarters from Delaware to Texas was also approved.

Portfolio Pulse from Chris Katje

June 13, 2024 | 9:19 pm

TSLA

Tesla shareholders have approved Elon Musk's $56 billion pay package. Additionally, Kimbal Musk and James Murdoch have been reelected as directors. Investors also supported moving the company's jurisdiction from Delaware to Texas.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 9:10 pm

SEE

Sealed Air (SEE) has appointed Patrick Kivits as its new CEO, effective July 1, 2024. Kivits will also join the Board of Directors. Emile Chammas will continue as COO, and Dustin Semach will be elevated to President and CFO.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 9:04 pm

GANX

Gain Therapeutics plans to offer and sell shares of its common stock or pre-funded warrants in a public offering. The company expects to grant the underwriter a 30-day option to purchase up to an additional 15% of the shares and warrants. Proceeds will be used for the development of GT-02287 and general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 8:46 pm