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LGVN

Longeveron Inc. (NASDAQ:LGVN) successfully raised approximately $11.4 million in gross proceeds through a combination of a warrant exercise offering and a public offering. The funds are intended to support the clinical and regulatory development of Lomecel-B™, particularly for treating hypoplastic left heart syndrome (HLHS) and Alzheimer's disease. The warrant exercise offering generated about $6.2 million, while the public offering contributed approximately $5.2 million. H.C. Wainwright & Co. served as the exclusive placement agent for the offering.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 8:09 pm

ITCI

Intra-Cellular Therapies' stock price is trading lower following the announcement of a $500 million offering.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 7:42 pm

CAN

Canaan shares are trading lower following the filing of a prospectus for a mixed shelf offering of up to $300 million.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 7:36 pm

CAN

Canaan Inc. filed a prospectus late Wednesday for a mixed shelf offering of up to $300 million. This move allows the company to sell various types of securities over time.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 7:35 pm

SNGX

Soligenix shares are trading lower following the announcement of a $4.75 million public offering.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 7:32 pm

FOSL

Kanen Wealth Management (KWM) has sent a critical letter to Fossil Group's board, expressing concern over the company's slow execution of its Transform and Grow (TAG) plan and its failure to return to profitability. Fossil's shares have dropped approximately 80% since the announcement of TAG in February 2023. Despite efforts like closing stores and reducing headcount, Fossil reported a loss for the year. KWM, owning just under 4% of Fossil's 7% debt due in 2026, suggests more rapid actions to reduce expenses and proposes buying back baby bonds at a discount to improve capital allocation.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 7:31 pm

CBSH

Commerce Bancshares has announced an addition of 5 million shares to its existing stock buyback program, aiming to enhance shareholder value by potentially increasing earnings per share and return on equity.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 7:16 pm

SPCE

Virgin Galactic Holdings (NYSE:SPCE) has seen a 10.62% increase in short interest since its last report, with 93.69 million shares sold short, representing 25.52% of its float. This indicates a bearish market sentiment, as it takes traders 8.42 days to cover their short positions. Despite this, an increase in short interest can sometimes be bullish, suggesting a potential for a short squeeze. Virgin Galactic's short interest is significantly higher than its peer group average of 11.18%.

Portfolio Pulse from Benzinga Insights

April 18, 2024 | 7:15 pm

NRXP

NRX Pharmaceuticals announced the pricing of a $2 million underwritten public offering, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 7:10 pm

BJ

In the past three months, 13 analysts have reviewed BJ's Wholesale Club (NYSE:BJ), showing a mix of sentiments. Recent updates include various rating adjustments and price target changes, with an average 12-month price target now at $81.0, up from $77.08. BJ's financial performance is strong, with notable revenue growth, net margin, ROE, and ROA, despite a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

April 18, 2024 | 7:02 pm