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Equity Actions

INSM

Insmed Inc. announced plans to raise $500 million through a public offering of common stock.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 7:06 am

CATY

Cathay General Bancorp has announced a new $125 million share repurchase program. The previous program, also worth $125 million, was completed on February 21, 2023, with the repurchase of 2,897,628 shares at an average cost of $43.14.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 7:00 am

FTAI

FTAI Aviation has priced a secondary offering of 2,090,561 ordinary shares for approximately $171.426 million. The shares will be offered by the underwriter on the Nasdaq Global Select Market and other venues. The offering is expected to close on May 30, 2024, subject to customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 6:35 am

CCCS

CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCCS) has priced a secondary offering of 50 million common shares at $11.50 per share. The offering is by affiliates of Advent International and Oak Hill Capital Partners, and the company will not receive any proceeds from the sale. The offering is expected to close around May 30, 2024, pending customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 6:32 am

BWAQ

Blue World Acquisition Corp (NASDAQ:BWAQ) saw a 39.37% surge in after-hours trading to $12 following significant shareholder engagement at its recent Extraordinary General Meeting. Despite this boost, the stock is still down 21.94% year-to-date.

Portfolio Pulse from Benzinga Neuro

May 29, 2024 | 6:26 am

TSLA

A Delaware judge, Chancellor Kathaleen McCormick, has nullified Elon Musk's $56 billion pay package and is assured that Tesla Inc. (NASDAQ:TSLA) will not challenge the ruling in another jurisdiction. Tesla shareholders are set to vote next month to ratify the pay package and reincorporate Tesla in Texas. A hearing for the legal fee requested by the shareholder's legal team is scheduled for July 8.

Portfolio Pulse from Benzinga Neuro

May 29, 2024 | 6:11 am

MUX

McEwen Mining has announced a $22 million flow-through financing at a 19% premium, aimed at funding Canadian Exploration and Development Expenses. The offering consists of two parts: $10 million for Canadian Exploration Expenses and $12 million for Canadian Development Expenses. The financing is expected to close on June 14, 2024, subject to customary closing conditions and approvals from the TSX and NYSE.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 5:31 am

CRON

Cronos Group has terminated its agreement for the sale and leaseback of its property at the Peace Naturals Campus due to the buyer not meeting due diligence and financing conditions by the deadline. The company is now evaluating other strategic options for the property, including continuing and expanding operations.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 8:47 pm

PG

Financial giants have made significant bullish moves on Procter & Gamble (NYSE:PG) through options trading. Analysis reveals 11 unusual trades with a balanced sentiment of 45% bullish and 45% bearish. The price target for PG is between $165.0 and $175.0. Current market data shows PG down 1.34% at $163.11 with neutral RSI indicators.

Portfolio Pulse from Benzinga Insights

May 28, 2024 | 8:45 pm

HOOD

Robinhood Markets Inc (NASDAQ:HOOD) announced a $1 billion share repurchase program, leading to a rise in its stock price during after-hours trading. The buyback is expected to be completed over a two- to three-year period starting in Q3 2024. The company has seen a recent uptick in its stock price following better-than-expected Q1 financial results.

Portfolio Pulse from Adam Eckert

May 28, 2024 | 8:43 pm