Streetbeat News

Equity Actions

IGT

Intl Game Tech (IGT) projects Q2 revenue of approximately $1.05 billion, slightly below the estimated $1.09 billion. The company has also upgraded its full-year 2024 outlook, expecting revenues of around $4.4 billion, with operating income margins of about 21% (24% excluding separation and divestiture costs), cash from operations of at least $1.0 billion, and capital expenditures of approximately $500 million.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 10:45 am

TSLA

Former Cruise CEO Kyle Vogt has raised $150 million for The Bot Company, co-founded with ex-Tesla AI head Paril Jain and former Cruise engineer Luke Holoubek. The startup, now valued at $550 million, aims to develop home robots for chores like cleaning and laundry. Key investors include Spark Capital and Nat Friedman. Jain's departure from Tesla, where he contributed to the Full Self-Driving software, is seen as a significant move to advance robotics beyond automotive applications.

Portfolio Pulse from Benzinga Neuro

May 14, 2024 | 10:29 am

AMC

On May 13, 2024, AMC Entertainment completed its at-the-market equity offering launched on March 28, 2024, raising approximately $250 million through the sale of 72.5 million shares at an average price of around $3.45 per share.

Portfolio Pulse from Charles Gross

May 14, 2024 | 10:11 am

LCW

Learn CW Investment Corporation, a special purpose acquisition company, has announced an extension of the deadline to complete its initial business combination from May 13, 2024, to June 13, 2024. This extension, facilitated by a $150,000 deposit into the company's trust account, marks the eighth of up to twelve possible one-month extensions. This decision follows an Extraordinary General Meeting of the Company's shareholders on October 11, 2023.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 8:07 am

MBIN

Merchants Bancorp has priced its common stock offering of 2.4 million shares at $43 per share, expecting to raise approximately $98.04 million, net of underwriting discounts and commissions but before offering expenses. The underwriters also have a 30-day option to purchase up to an additional 360,000 shares at the offering price, less discounts and commissions.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 7:46 am

MKSI

MKS Instruments has priced an upsized private offering of $1.2 billion of 1.25% convertible senior notes due 2030, with net proceeds expected to be around $1.177.7 million, potentially rising to $1.374.2 million if options are fully exercised.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 7:43 am

PBA

Pembina Pipeline has announced the renewal of its share repurchase program, approved by the Toronto Stock Exchange, allowing the company to buy back up to five percent of its issued and outstanding common shares.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 10:04 pm

BTOC

Armlogi Holding has priced its IPO at $5.00 per share, with 1.60 million shares of common stock set to begin trading on the Nasdaq Global Market under the ticker symbol 'BTOC' on May 14, 2024. The offering is anticipated to close around May 15, 2024, pending customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 10:02 pm

ECPG

Encore Capital has successfully priced an upsized offering of senior secured notes, totaling $500 million with an 8.500% interest rate, due in 2030. The offering was increased by $100 million from the initially planned $400 million.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 9:46 pm

HTCR

HeartCore Enterprises, Inc. (HTCR) announced the sale of a Go IPO client's warrant to a Japanese financial institution for $9 million, with $5 million received in Q1 2024 and the remaining $4 million in April 2024. After referral fees to So Management Inc., net sales were $5.64 million. However, the $9 million will be classified as debt until the client is publicly listed in Fall 2024, due to specific accounting treatments.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 9:37 pm