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Equity Actions

FSM

Fortuna Silver Mines Inc (NYSE:FSM) shares dropped by 15% to $5.02 after announcing a $150 million convertible senior notes offering, with an option for an additional $22.5 million. The proceeds will be used to repay debt and fund general expenses. The interest and conversion rates will be market-dependent.

Portfolio Pulse from Henry Khederian

June 05, 2024 | 3:25 pm

CRKN

Crown Electrokinetics Corp. (NASDAQ:CRKN) shares fell by 17% to $0.08 after announcing an offering of 300 million shares by Keystone Capital Partners. The company will not receive proceeds from the resale but may sell up to $50 million worth of common stock to Keystone. So far, $13.67 million worth of stock has been sold.

Portfolio Pulse from Henry Khederian

June 05, 2024 | 3:22 pm

TSM

TSMC announced plans to repurchase 3.2 million shares between June 6 and August 5. Additionally, the board has approved a capital boost for its unit, TSMC Global, for up to $5 billion.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 3:16 pm

GAUZ

Gauzy Ltd (NASDAQ:GAUZ) is set to IPO on June 6th on the NASDAQ exchange with shares priced between $17.00 and $19.00. The insider lock-up period will last 180 days, ending on December 3, 2024.

Portfolio Pulse from Benzinga Insights

June 05, 2024 | 3:00 pm

NVL

Novelis Inc (NYSE:NVL) is set to start trading on the NYSE on June 6, 2023, with shares priced between $18.00 and $21.00. The company is a leading producer of sustainable aluminum solutions and the world's largest recycler of aluminum.

Portfolio Pulse from Benzinga Insights

June 05, 2024 | 3:00 pm

CNTX

Context Therapeutics (CNTX) has reported that Great Point Partners, LLC holds a 9.89% stake in the company as of May 31, 2024, according to an SEC 13G filing.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 2:48 pm

NVDA

SPY

Nvidia shares are trading higher due to ongoing AI momentum and an upcoming stock split. Nvidia has also become the second-largest holding in the SPDR S&P 500 ETF Trust, surpassing Apple.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 2:10 pm

ACRDF

CGC

Acreage Holdings, Inc. is seeking $10 million in funding through a private placement of units, ahead of its acquisition by Canopy Growth Corporation. The units will include convertible notes and share purchase warrants. Canopy Growth has exercised its option to acquire all of Acreage's Class E subordinate voting shares and certain outstanding debt.

Portfolio Pulse from Jelena Martinovic

June 05, 2024 | 2:03 pm

GMGI

Golden Matrix Group (GMGI) has been added to the Russell 3000 Index, which is expected to increase its visibility and attract more institutional investors.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 1:32 pm

XYF

X Financial (NYSE: XYF) has initiated a tender offer to buy back up to 2 million of its American Depositary Shares (ADSs) at $4.52 per ADS. This move is part of a previously approved $20 million share repurchase program. The tender offer will expire on July 12, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 1:14 pm