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ONVO

Organovo has announced a public offering priced at $5.25 million, consisting of 6,562,500 common shares and common warrants, with a combined price of $0.80 per share and warrant.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 8:43 am

RXST

RxSight is conducting a public offering of 1,785,714 shares at $56 per share, with an option for underwriters to purchase an additional 267,857 shares. All shares are sold by RxSight.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 8:29 am

SVCO

Silvaco has priced its initial public offering (IPO) of 6 million common shares at $19 per share, expecting to raise $114.0 million in gross proceeds before expenses. The shares will start trading on the Nasdaq Global Select Market under the ticker symbol 'SVCO' on May 9, 2024.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 7:55 am

PAL

Proficient Auto Logistics has priced its IPO at $15 per share, offering 14,333,333 shares for total proceeds of approximately $215 million. The funds will be used for acquisitions of five operating businesses (Delta Auto Transport, Inc, Deluxe Auto Carriers, Inc., Sierra Mountain Group, Inc., Proficient Auto Transport, Inc., and Tribeca Automotive Inc.), covering the cash consideration for these acquisitions, expenses related to the combinations, and for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 7:53 am

AAPL

Apple Inc. (NASDAQ:AAPL) is facing challenges in finding a successor for CEO Tim Cook as he approaches potential retirement. With no clear timeline for Cook's departure, the company considers COO Jeff Williams and head of hardware engineering John Ternus as potential successors, despite concerns about their suitability for long-term leadership. Apple's recent financial performance remains strong, with a $110 billion stock buyback program and a slight dividend increase announced.

Portfolio Pulse from Ananya Gairola

May 09, 2024 | 7:27 am

ONVO

Organovo Holdings, Inc. (NASDAQ:ONVO), a clinical stage biotechnology company, announced a public offering of 6,562,500 shares of common stock and common warrants at $0.80 per share, aiming to raise $5.25 million. The warrants are exercisable at $0.80 and valid for five years. JonesTrading Institutional Services LLC is the exclusive placement agent. The offering is expected to close by May 13, 2024.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 12:09 am

PRIM

Primoris Services Corporation (PRIM) projects its FY24 EPS to be between $3.05 and $3.25, surpassing the estimated $2.76. The company anticipates Adjusted EBITDA to range from $395M to $415M, maintaining its previous estimates for the year ending December 31, 2024. PRIM aims for SG&A expenses to be in the low six percent range of revenue and targets gross margins of 9-11% for Utilities and 10-12% for Energy. The effective tax rate for 2024 is expected to be around 29%, consistent with 2023.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 11:05 pm

CMPO

CompoSecure, Inc. (NASDAQ:CMPO), a leader in metal payment cards and security solutions, announced a secondary offering of 7M shares of Class A common stock by selling shareholders. The company will not offer any shares nor receive proceeds from this offering. J.P. Morgan, BofA Securities, and TD Cowen are the joint book-running managers.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:46 pm

RXST

RxSight shares are trading lower following the announcement of a $100 million proposed public offering of common stock. This move indicates the company's intention to raise capital, potentially diluting existing shareholders' value.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:45 pm

TIRX

TIAN RUIXIANG Holdings Ltd. announced a 1-for-5 share consolidation, effectively reducing the number of shares available and potentially increasing the share price due to the reduced supply.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:34 pm