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Equity Actions

NMG

NMG is advancing its EV battery material offtakes and detailing its capital strategy for Phase-2 financing. The company has $88M cash on hand and is engaging with tier-1 EV and battery manufacturers for additional offtake agreements. NMG is also working with Société Générale and BMO Capital Markets to refine its capital structure for Phase-2 project financing. The company has issued its 2023 ESG Report and closed a $37.5M private placement with Mitsui and Pallinghurst.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 12:17 pm

BCTX

BriaCell Therapeutics Corp. (NASDAQ:BCTX) has announced a $5 million registered direct offering of 2,402,935 common shares and warrants at a combined purchase price of $2 per share. The offering includes securities purchase agreements with healthcare-focused institutional investors and an existing investor and director of the company. The warrants have an exercise price of $2.11 per share and will become exercisable six months from issuance, expiring five years from the initial exercise date. The closing is expected around May 17, 2024, subject to customary conditions.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 12:16 pm

BNED

The SEC has declared Barnes & Noble Education's fully backstopped $45 million equity rights offering effective.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 12:13 pm

RSKD

Riskified has authorized the repurchase of an additional $75 million of its ordinary shares, pending completion of Israeli regulatory procedures. This brings the company's total outstanding aggregate repurchase authorization to approximately $92 million as of May 10.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 11:11 am

AQMS

Aqua Metals shares are trading lower following the announcement of a proposed public offering.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 11:08 am

TTOO

T2 Biosystems announced an $8 million private placement involving the sale of 2.02 million shares, Series A warrants to purchase up to 2.02 million shares, and short-term Series B warrants to purchase up to 2.02 million shares at $3.95 per share.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 11:07 am

WOOF

Petco Health And Wellness shares are trading higher following the appointment of Glenn Murphy as Executive Chairman of the Board of Directors, effective immediately.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 11:06 am

GTAC

Art marketplace Tyfon is set to go public through a combination with Global Technology Acquisition Corp. I (GTAC). The post-transaction enterprise value is estimated at $434 million.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 11:04 am

AMC

AMC Entertainment Holdings, Inc. has entered into privately negotiated exchange agreements to issue 23,280,295 shares of Class A common stock in exchange for $163,850,000 of its 10%/12% Cash/PIK Toggle Second Lien Subordinated Notes due 2026.

Portfolio Pulse from Charles Gross

May 15, 2024 | 10:50 am

DT

Dynatrace's Board of Directors has approved a share repurchase program for up to $500 million of common stock.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 10:32 am