Streetbeat News

Equity Actions

EWU

U.K. business investment for Q1 showed a quarter-on-quarter increase of 0.9%, falling short of the estimated 1.9% growth. This represents a slowdown from the prior quarter's 1.4% growth.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 6:07 am

DNN

Denison Mines Corp. has appointed Jennifer Traub as the new Chair of its Board, marking a significant leadership change for the company.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 10:34 pm

QIPT

Quipt Home Medical Corp. has filed a final base shelf prospectus in Canada and an amended registration statement in the U.S., allowing it to offer up to C$300 million in various securities over the next 25 months. This move enables the company to raise capital flexibly for its respiratory care-focused home medical equipment business.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 10:13 pm

GEOS

Geospace Technologies (GEOS) has announced a stock repurchase program, authorizing the buyback of up to $5 million of its outstanding common stock. The repurchases can be made through open market transactions, block trades, privately negotiated transactions, or under a Rule 10b5-1 trading plan.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 10:07 pm

DOGZ

Dogness (International) Corporation (NASDAQ:DOGZ) announced a private placement of 2 million shares at $2.50 per share, raising $5 million in gross proceeds. The shares are sold to non-U.S. purchasers under Regulation S, exempt from registration under the Securities Act of 1933. The closing of the private placement is subject to customary conditions.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 10:03 pm

RWAY

Runway Growth Finance Corp. (RWAY) announced a secondary offering of 3.75 million shares by OCM Growth Holdings LLC. The offering includes an option for underwriters to purchase an additional 562,500 shares. Wells Fargo Securities, Morgan Stanley, BofA Securities, and UBS Investment Bank are the joint-lead book-running managers, with Keefe, Bruyette & Woods, RBC Capital Markets, and B. Riley Securities also acting as managers.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 10:01 pm

EVC

Entravision has appointed Mark Boelke as its new CFO. Boelke, with over 30 years of experience in business and legal fields, particularly in media, advertising, and technology, has been with Entravision since 2005, serving as General Counsel and Secretary since 2006. His expertise includes mergers and acquisitions, strategic partnerships, and corporate finance among others.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 9:47 pm

GPI

Group 1 Automotive, Inc. (NYSE:GPI) announced a new $250M share repurchase authorization and declared a quarterly dividend increase from $0.45 to $0.47 per share. The repurchase program was increased by $161M to the new total, with 205,551 shares already bought back at an average of $264.74 each. The dividend increase is part of a 4% rise in the annualized rate from $1.80 to $1.88 per share for 2024. Repurchases are to be funded by cash from operations and held in treasury.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 9:42 pm

KNTK

Kinetik Holdings Inc. (KNTK) has announced a series of strategic transactions including the acquisition of Durango Permian LLC for $765 million in cash and equity, a new 15-year service agreement in Eddy County, New Mexico, and the sale of its 16% stake in the Gulf Coast Express pipeline (GCX) for $540 million. These moves aim to expand Kinetik's operations in the Permian Basin, doubling its pipeline mileage and processing capacity, and adding over 60 new customers. The transactions are expected to be over 10% accretive to Kinetik's free cash flow per share starting in the second half of 2025.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 9:22 pm

TLLTF

TILT Holdings Inc. (OTC:TLLTF) has entered into a financing agreement to expand its subsidiary, Standard Farms, in Pennsylvania. The deal allows borrowing up to $10.5 million with escalating interest rates starting at 20%, aimed at constructing dispensaries under a new permit. This strategic move is expected to strengthen TILT's market position in Pennsylvania, a state showing resilience in cannabis sales despite broader market downturns. TILT's financials indicate a leveraged but manageable position, with a need to address liquidity challenges.

Portfolio Pulse from Nicolás Jose Rodriguez

May 09, 2024 | 9:19 pm