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Equity Actions

GTES

Gates Industrial Corporation plc (NYSE:GTES) announced the pricing of a secondary offering of 17.5 million ordinary shares by selling stockholders affiliated with Blackstone Inc. The offering is expected to close on May 21, 2024, and Gates will not receive any proceeds from the sale.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 12:43 pm

RSKD

Riskified Ltd. (NYSE:RSKD) reported strong Q1 results, beating earnings and sales estimates. The company also announced a $75 million share repurchase program and reiterated its FY24 revenue and adjusted EBITDA outlook. Analysts have raised their price targets for the stock.

Portfolio Pulse from Avi Kapoor

May 16, 2024 | 12:41 pm

SBIG

Springbig Holdings, Inc. (OTCQX:SBIG) reported a slight decline in Q1 2024 revenue but improved its net loss and achieved positive adjusted EBITDA for the first time. The company also announced the appointment of Mark Silver to its board and maintained its full-year financial guidance.

Portfolio Pulse from Rolando García

May 16, 2024 | 12:36 pm

ASTS

CB

WMT

Market-Moving News for May 16th includes Walmart's Q1 2025 earnings beat, AST SpaceMobile's commercial agreement with AT&T, and Chubb's stock rise due to Berkshire Hathaway's stake.

Portfolio Pulse from ryanfaloona@benzinga.com

May 16, 2024 | 12:16 pm

GLUE

Monte Rosa Therapeutics shares are trading lower following the announcement of a $100 million public offering.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 12:04 pm

ARQ

Arq, Inc. (NASDAQ:ARQ) announced a $15 million Private Investment in Public Equity (PIPE) transaction at $7.00 per share, resulting in the issuance of 2,142,858 new common equity shares and a 5.7% ownership stake for the new investor.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 11:48 am

PRAA

PRA Group, Inc. (NASDAQ:PRAA) announced the pricing of $400 million of 8.875% Senior Notes due 2030. The proceeds will be used to repay $396 million of outstanding borrowings under its North American revolving credit facility and to redeem $298 million of 7.375% Senior Notes due 2025.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 11:45 am

UA

UAA

Under Armour has announced a $500 million share repurchase program, which is expected to positively impact the company's stock price in the short term.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 11:31 am

SDRL

Seadrill has increased its share repurchase authorization, allowing the company to repurchase up to an additional $500 million in stock over a two-year period once the current program is completed.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 11:27 am

OPGN

OpGen's board has approved a 1-for-10 reverse stock split of its common stock. This move is typically aimed at increasing the stock price by reducing the number of shares outstanding.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 11:23 am