Streetbeat News

Equity Actions

ICMB

Investcorp Credit Management BDC has announced the immediate appointment of Suhail Shaikh as its new CEO, succeeding the previous leadership.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 8:36 pm

RNR

RenaissanceRe has renewed its share repurchase program, increasing the total current authorization to $500M, including amounts from prior authorizations. Additionally, a quarterly dividend of $0.39 per common share has been announced, payable on June 28, 2024, to shareholders of record as of June 14, 2024.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 8:34 pm

ABAT

BHP

CLF

NUE

STLD

American Battery Technology commercializes its recycling tech in Reno, Nevada, exceeding capacity expectations with support from U.S. grants and tax credits. BHP's $42B bid for Anglo American is rejected, aiming to increase copper exposure. Cleveland-Cliffs supports tariffs on Japanese tin products, emphasizing U.S. steel industry protection. Steel Dynamics announces a Q2 cash dividend, and Nucor's EVP retires, succeeded by Randy J. Spicer.

Portfolio Pulse from austin@walkonholdings.com

May 13, 2024 | 8:32 pm

LPA

Logistic Properties of the Americas (LPA) has appointed Annette Fernandez as its new Chief Operating Officer and Paul Smith as the Chief Financial Officer. These strategic appointments aim to strengthen LPA's leadership team as the company continues to expand its operations.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 8:31 pm

NGD

New Gold Inc. (NGD) has announced an agreement to increase its free cash flow interest in the New Afton Mine to 80.1% by reducing Ontario Teachers' Pension Plan's interest from 46.0% to 19.9%. This change comes with an upfront cash payment of $255 million from New Gold to Ontario Teachers'. To fund this payment, New Gold will use cash on hand, borrowings, and proceeds from a $150 million bought deal equity financing.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 8:30 pm

MHO

M/I Homes, Inc. (MHO) announced a new $250 million share repurchase authorization, replacing the previous authorization that had $103 million remaining as of April 30, 2024. This move indicates the company's confidence in its financial health and a commitment to returning value to shareholders.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 8:28 pm

ELWS

Earlyworks Co., Ltd. (NASDAQ:ELWS), a Japanese company specializing in blockchain technology, announced a change in its ADS ratio from 1:1 to 1:5, effective around May 16, 2024. This adjustment, akin to a one-for-five reverse ADS split, aims to enhance liquidity and meet Nasdaq's minimum bid price requirement without affecting shareholders' equity interest.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 8:20 pm

GVP

GSE Solutions, a company focused on advanced engineering and workforce solutions for clean-energy production and decarbonization initiatives, has appointed Damian DeLongchamp as its new Chief Operating Officer (COO).

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 8:18 pm

NGD

New Gold Inc. has filed for a mixed securities shelf, allowing the company to issue various types of securities in the future.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 8:11 pm

MBIN

Merchants Bancorp (MBIN) has announced an underwritten public offering of 2.4 million shares of its common stock. The offering includes a 30-day option for underwriters to purchase additional shares. Morgan Stanley, Piper Sandler, and Raymond James are managing the offering. The proceeds are intended for general corporate purposes and to support the Bank's balance sheet growth.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 8:11 pm