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Equity Actions

GV

Visionary Holdings Inc. (NASDAQ:GV) announced a 1-for-15 share consolidation effective May 29, 2024. The company's shares will trade on a post-consolidation adjusted basis starting that day.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 12:31 pm

MNPR

Monopar Therapeutics Inc. (NASDAQ:MNPR) announced the retirement of CFO Kim R. Tsuchimoto, effective June 30, 2024. Karthik Radhakrishnan will succeed her as CFO starting July 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 12:09 pm

GNLX

Genelux Corporation has priced an offering of 6,875,000 shares and accompanying warrants at $4 per share and warrant, aiming to raise gross proceeds of $27.5 million.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 12:08 pm

CATX

Perspective Therapeutics has announced the pricing of an $80 million underwritten offering, which includes 51,515,880 shares at $1.51 per share and pre-funded warrants to purchase 1,464,252 shares at $1.509 per warrant.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 12:03 pm

YS

YS Biopharma has announced a legal name change to LakeShore Biopharma Co., Ltd. The ticker symbols for its ordinary shares and warrants will change from 'YS' to 'LSB' and from 'YSBPW' to 'LSBPW', respectively, effective May 28, 2024.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 11:33 am

EDU

New Oriental Education has extended its share repurchase program, allowing the company to repurchase up to approximately $153.7 million worth of shares through May 31, 2025.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 9:08 am

NJDCY

Nidec's board has approved a share repurchase plan for up to 5 million shares to enable agile capital management in response to significant stock price divergence from market trends or changes in the business environment.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 7:19 am

BABA

JD

MCHI

PDD

Alibaba Group Holding Ltd (NYSE:BABA) plans to raise $4.5 billion through convertible bonds to fund share buybacks amid fierce competition and a slow Chinese economic recovery. The notes, maturing in seven years with a 0.5% coupon, can be converted to shares at a 30% premium over the current price. Fitch Ratings has assigned an A+ rating to the notes. Alibaba's move comes as it faces competition from JD.com Inc (NASDAQ:JD) and Pinduoduo Inc (NASDAQ:PDD). The iShares MSCI China ETF (NASDAQ:MCHI) has also seen significant gains recently.

Portfolio Pulse from Benzinga Neuro

May 24, 2024 | 6:36 am

BABA

Alibaba Group has priced a private offering of $4.5 billion in 0.50% convertible senior notes due 2031. The net proceeds will be used for share repurchases and funding capped call transactions.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 5:46 am

GIL

Browning West has announced the replacement of Gildan Activewear's entire board. The new eight-member slate of directors will stand for election at the 2024 annual meeting.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 10:00 pm