Streetbeat News

Equity Actions

KITT

Nauticus Robotics shares are trading lower following the announcement of a deal with H.C. Wainwright & Co to sell shares under an at-the-market offering.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 4:02 pm

JCI

Johnson Controls International (NYSE:JCI) shares are trading higher following reports that Elliott Investment Management has acquired a large stake in the company, valued at over $1 billion. Elliott Investment is now one of the top 10 investors in Johnson Controls. Additionally, Johnson Controls announced cash tender offers to purchase up to $90 million in senior notes. The stock is up 2.93% at $71.05.

Portfolio Pulse from Dylan Berman

May 20, 2024 | 3:16 pm

GNS

Genius Group Ltd (NASDAQ:GNS) shares dropped 15.5% to $0.33 after announcing agreements for the exercise of Series 2024-C warrants, potentially raising $3.8 million. The company will issue new Series 2024-D and 2024-E warrants and amend April 2024 warrants, all priced at $0.35 per share. The offering, expected to close around May 22, will fund general corporate needs.

Portfolio Pulse from Henry Khederian

May 20, 2024 | 3:06 pm

AKTS

GTBP

JAGX

LI

MMV

TANH

VIRI

US stocks showed mixed performance with the Nasdaq Composite gaining 0.5%. Li Auto shares plummeted over 14% after missing Q1 revenue and earnings estimates. GT Biopharma, Tantech Holdings, and MultiMetaVerse Holdings saw significant gains, while Virios Therapeutics, Akoustis Technologies, and Jaguar Health experienced substantial declines.

Portfolio Pulse from Avi Kapoor

May 20, 2024 | 1:57 pm

DNMR

Danimer Scientific's CEO and Chairman, Steve Croskrey, has announced his retirement and will step down as CEO by the end of the year. Richard J. Hendrix has been appointed as Interim CEO and new Co-Chairman. The Board has formed an Executive Committee to oversee the transition.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 1:13 pm

GBTC

Grayscale Investments has appointed Peter Mintzberg as the new Chief Executive Officer, effective August 15, 2024. He will succeed Michael Sonnenshein.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 1:01 pm

LQR

LQR House has acquired 9.9% of the common shares of Cannon Estate Winery by exchanging 750,000 shares of LQR House.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 12:49 pm

NEXT

NextDecade shares are trading higher after ADNOC announced it secured an equity position and LNG offtake agreement in NextDecade's Rio Grande LNG project.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 12:30 pm

GNS

Genius Group Limited (NYSE:GNS) announced the exercise of Series 2024-C warrants to purchase up to 10,950,451 shares at $0.35 per share, generating $3.8 million in gross proceeds. The company will issue new Series 2024-D and Series 2024-E warrants as part of the agreement.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 12:22 pm

JCI

Johnson Controls shares are trading higher following a report suggesting that activist investor Elliott acquired a major stake in the company.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 12:19 pm