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Equity Actions

KITT

Nauticus Robotics, Inc. has entered into an At the Market Offering Agreement with H.C. Wainwright & Co., LLC to sell shares of common stock. The company will pay a broker fee of 3% of the gross sales price of the shares sold.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 10:26 am

CWK

Cushman & Wakefield Plc has filed for a stock shelf offering, though the size of the offering has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 10:11 am

CXW

Corecivic's board has authorized an increase to its existing share repurchase program, allowing the company to buy back up to an additional $125 million in shares.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 10:06 am

PRTC

PureTech Health has announced a $100 million tender offer to purchase up to 33,500,000 ordinary shares at a premium price of 250 pence per share, representing approximately 12% of the company's issued ordinary share capital. The tender price is a 25% premium to the trailing volume weighted average price over the three days prior to the initial announcement and a 12.6% premium to the closing price on the latest practicable date.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 6:33 am

VIRI

Virios Therapeutics (NASDAQ: VIRI) has announced the pricing of its public offering of 8.5 million shares at $0.20 per share, aiming to raise approximately $1.7 million. The funds will be used for preparatory activities for the IMC-2 Long-COVID Phase 2b study and general corporate purposes. The offering is expected to close on May 22, 2024.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 4:43 am

TSLA

Tesla's upcoming annual shareholder meeting on June 13 will decide on Elon Musk's 2018 compensation package, which was nullified by a Delaware Chancery court. Key conditions for Tesla's growth include Musk getting 25% voting power, Tesla being incorporated in Texas, and the approval of Musk's compensation package. Musk has indicated that without these conditions, he may prefer to build products outside of Tesla. The company is also focusing on its robotaxi business to counter its core EV business struggles.

Portfolio Pulse from Shanthi Rexaline

May 19, 2024 | 10:56 pm

BOW

KBDC

Bowhead Specialty Holdings Inc (NYSE:BOW) and Kayne Anderson BDC, Inc (NYSE:KBDC) are set to go public this week. BOW will start trading on May 23, 2024, with a price range of $14.00 to $16.00, offering 6,667,000 shares at $15.00 each. KBDC will begin trading on May 22, 2024, offering 6,000,000 shares at $16.63 each.

Portfolio Pulse from Benzinga Insights

May 19, 2024 | 8:03 pm

TSLA

Tesla's board is attempting to reinstate Elon Musk's multibillion-dollar compensation package to ensure his full commitment to the company. The move comes amid concerns over Musk's divided attention due to his involvement in multiple ventures and controversial matters. The board is appealing to shareholders to re-approve the package, emphasizing its importance for Tesla's future.

Portfolio Pulse from Bibhu Pattnaik

May 18, 2024 | 9:01 pm

PHIO

Phio Pharmaceuticals Corp has filed for a mixed shelf offering of up to $100 million, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 8:49 pm

DBVT

DBV Technologies plans to change the ratio of its American Depositary Shares (ADS) to its ordinary shares from 1 ADS to 1/2 of one ordinary share to 1 ADS to 1 ordinary share. This change is expected to be effective on or about June 3rd, 2024.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 8:31 pm