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Equity Actions

GME

GameStop has completed its previously disclosed 'At-The-Market' equity offering program.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 8:30 pm

NVGS

Navigator Holdings Ltd. (NVGS) announced a public offering of 6 million shares by selling shareholder BW Group. Concurrently, the company plans to repurchase 3 million shares from the underwriters at the same price per share as the offering.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 8:27 pm

NRIX

Nurix Therapeutics Inc has filed for a mixed shelf offering, though the size of the offering has not been disclosed, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 8:09 pm

INST

Instructure Holdings Inc (NYSE:INST) shares are rising on above-average volume despite no specific news. The stock has gained momentum since early May due to positive Q1 results, upbeat Q2 guidance, and rumors of a potential sale by Thoma Bravo. CFO Peter Walker's recent comments on medium-term growth targets have also contributed to the stock's performance.

Portfolio Pulse from Adam Eckert

June 11, 2024 | 8:07 pm

KOPN

Kopin Corporation (NASDAQ: KOPN) announced significant changes in its board of directors. Michael Murray, the CEO and President, has been elected as the Chairperson of the Board. Dr. Jill Avery has been appointed as the Lead Independent Director, and Margaret Seif has joined as a new board member. Dr. John C.C. Fan and Mr. James Brewington have retired from the board.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 8:03 pm

RYTM

Rhythm Pharmaceuticals has granted inducement equity covering 56,080 shares to ten new employees, including options for 9,230 shares and RSUs for 46,850 shares.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 8:02 pm

RBOT

Vicarious Surgical Inc (NASDAQ:RBOT) shares fell by 20% to $0.29 after announcing a 1-for-30 reverse stock split to meet NYSE's minimum price requirement. The split will take effect on June 12, with trading on a split-adjusted basis starting June 13.

Portfolio Pulse from Henry Khederian

June 11, 2024 | 7:40 pm

SHLS

Shoals Technologies Group Inc (NASDAQ:SHLS) shares surged by 9.2% to $7.43 after announcing a $150 million share repurchase program. The program, funded by cash reserves, free cash flow, and credit facility borrowings, reflects confidence in the company's growth. An Accelerated Share Repurchase (ASR) agreement with Jefferies LLC for $25 million was also initiated. Despite recent declines in stock price and revenue, Wall Street analysts generally view SHLS as a Buy.

Portfolio Pulse from Henry Khederian

June 11, 2024 | 7:36 pm

KITT

Nauticus Robotics, Inc. (NASDAQ:KITT) shares surged 20% following the announcement of an $8.4 million stock offering through H.C. Wainwright & Co., LLC. The company has already raised $5.4 million and plans to use the proceeds for working capital and general corporate purposes.

Portfolio Pulse from Vaishali Prayag

June 11, 2024 | 7:35 pm

WEWKQ

WeWork CEO David Tolley steps down as the company emerges from Chapter 11 bankruptcy. WeWork has significantly reduced its lease obligations, debt, and operational costs, and raised $400 million in new equity capital. The company plans to name a new CEO and board of directors.

Portfolio Pulse from Michael Juliano

June 11, 2024 | 7:13 pm