Streetbeat News

Equity Actions

IFF

IFF announced the retirement of CFO Glenn Richter by the end of 2024 and has begun the process to find his successor. Richter's tenure contributed to financial improvements and strategic developments at IFF.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 8:53 pm

TBI

TrueBlue has filed for a mixed shelf offering with the SEC, allowing it to issue up to $200M in securities. This move could provide the company with financial flexibility for future investments, debt management, or other corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 8:46 pm

GPRE

Green Plains Inc has filed for a mixed shelf offering according to an SEC filing, though the size of the offering has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 8:44 pm

VICI

Vici Properties has filed with the SEC for a common stock offering of up to $2.0 billion. This move could potentially dilute current shareholders but also provide the company with significant capital for expansion or debt reduction.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 8:43 pm

COKE

The Company plans to repurchase up to $3.1 billion of its Common Stock, including a modified "Dutch auction" tender offer for up to $2 billion and a separate share purchase agreement with The Coca-Cola Company (COKE). The tender offer's price range is $850 to $925 per share. Under the agreement, COKE will sell shares back to the Company, ensuring it retains a 21.5% ownership post-repurchase. The repurchase is funded through new debt and cash, aiming to optimize the balance sheet while maintaining dividends and a solid credit rating.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 8:42 pm

GP

GreenPower shares are trading lower following the announcement of a proposed public offering of common shares and warrants.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 8:38 pm

GP

GreenPower Motor Company Inc. (NASDAQ:GP) announced it has commenced an underwritten public offering in the United States, consisting of common shares and warrants. The offering's size, pricing, or terms were not disclosed, and its completion is subject to market conditions. The company also plans to grant the underwriter, Maxim Group LLC, a 45-day option to purchase up to an additional 5% of the shares and/or warrants offered.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 8:36 pm

GLLI

Globalink Investment Inc. (NASDAQ:GLLI) has extended the deadline to complete its initial business combination to June 9, 2024, by depositing $60,000 into its Trust Account. This marks the eleventh extension since its IPO on December 9, 2021, and is the sixth of twelve permitted extensions.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 8:31 pm

TBIO

Telesis Bio Inc. (TBIO) announced a 1-for-18 reverse stock split effective May 9, 2024, to regain compliance with Nasdaq's minimum bid price requirement. The split will reduce outstanding shares from 30.1 million to approximately 1.7 million, with no change in par value. Adjustments will be made to warrants, stock options, equity awards, and equity incentive plans. The reverse split aims to maintain Nasdaq listing by meeting the $1.00 per share minimum bid price.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 8:29 pm

FIS

Fidelity National Information Services (FIS) shares surged following the announcement of exceeding Q1 financial expectations and a $500 million boost to its 2024 share repurchase plan.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 8:27 pm