Streetbeat News

Equity Actions

PHUN

Phunware, Inc. (NASDAQ:PHUN) shares are down 10.1% to $5.70 after announcing a multi-million dollar equity distribution agreement with Canaccord Genuity LLC and other investment banks. The company may offer and sell shares for up to $120 million in aggregate gross proceeds. Despite recent contract renewals in healthcare and hospitality, PHUN stock has lost over 80% in the past year.

Portfolio Pulse from Nabaparna Bhattacharya

June 04, 2024 | 5:34 pm

NDRA

ENDRA Life Sciences Inc (NASDAQ:NDRA) shares plummeted by 65% to $0.07 due to a public offering of 61,538,461 shares of common stock with accompanying Series A and Series B warrants. The offering is in a 'best-efforts' format, meaning no guaranteed amount of money raised. The proceeds will be used for general business purposes. The stock has lost 94.95% year to date and has an RSI of 14.7, indicating oversold conditions.

Portfolio Pulse from Henry Khederian

June 04, 2024 | 5:34 pm

LEDS

SemiLEDS Corporation's 13D/Amended Filing reveals that Simplot Taiwan Inc. has reported a 52.3% stake in the company as of June 3, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 4:55 pm

NDRA

ENDRA Life Sciences shares are trading lower after the company announced the pricing of an $8 million public offering.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 4:16 pm

LUXH

LuxUrban Hotels Inc (NASDAQ:LUXH) shares dropped by 10.6% to $0.28 after the company announced the formation of a Special Committee to explore strategic initiatives aimed at maximizing shareholder value. The committee will consider various strategic transactions, including equity and debt financing, sales, mergers, and acquisitions. No specific timeline has been set, and the company is not currently engaged in any transaction or has hired advisors for the committee’s work.

Portfolio Pulse from Henry Khederian

June 04, 2024 | 3:28 pm

FLYE

Fly-E Group, Inc (NASDAQ:FLYE) will start trading on June 5 on the NASDAQ exchange. The IPO price is expected to be between $4.00 and $5.00 per share, with an insider lock-up period ending on December 2, 2024. Fly-E Group is an EV company specializing in smart electric motorcycles, bikes, scooters, and related accessories.

Portfolio Pulse from Benzinga Insights

June 04, 2024 | 3:00 pm

TRP

TC Energy shareholders have voted to spin off the company's liquids pipeline business into a new entity named South Bow Corp. This strategic move aims to streamline operations and potentially unlock shareholder value.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 2:21 pm

NDRA

ENDRA Life Sciences has announced the pricing of an $8 million public offering, which includes 61,538,461 shares of common stock and accompanying Series A and Series B warrants at a combined purchase price of $0.13.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 1:28 pm

PHUN

Phunware shares are trading lower after the company announced a $120 million offering.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 1:26 pm

NDRA

ENDRA Life Sciences has announced the pricing of an $8 million offering at $0.22 per share.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 1:21 pm