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Equity Actions

PSTV

Plus Therapeutics shares are trading higher following the announcement of a private placement financing deal worth up to $18 million.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 11:36 am

NEE

NEP

NextEra Energy Partners, LP (NYSE:NEP) appoints Brian Bolster, formerly of Goldman Sachs, as CFO and board director, succeeding Kirk Crews who moves to a senior leadership role at NextEra Energy, Inc. (NYSE:NEE). Bolster's extensive experience in the power and renewables sectors at Goldman Sachs is expected to positively impact NextEra Energy Partners.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 11:34 am

PSTV

Plus Therapeutics announced a private placement aiming to raise up to approximately $18M in gross proceeds. This includes an initial upfront funding of approximately $6.5M, with the possibility of an additional $11.5M upon the cash exercise of accompanying warrants at the election.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 11:33 am

AAPL

BRK

Ross Gerber, a prominent Tesla Inc. investor, shared his admiration for Warren Buffett's decisive business acumen after Berkshire Hathaway reduced its Apple holdings by 18% in Q1. Gerber's recount of a 2008 interaction with Buffett highlights the latter's tough business approach. The reduction in Apple's stake by Berkshire has led to speculation about Apple's future, amidst discussions on AI's role in shaping the tech giant's strategy. Apple's CEO Tim Cook remains bullish with a significant investment in AI, supported by predictions of an AI-driven super cycle by Wedbush's Dan Ives.

Portfolio Pulse from Rounak Jain

May 06, 2024 | 11:28 am

ALLT

Allot Ltd. (NASDAQ:ALLT) announced the appointment of Eyal Harari as CEO, effective May 6, 2024, replacing Erez Antebi. Antebi will assist during the transition and continue as a consultant.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 11:25 am

SKWD

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) announced a secondary public offering of 4.4 million shares by The Westaim Corporation, through its subsidiary. The offering includes an option for underwriters to buy an additional 660,000 shares. Skyward Specialty will not receive any proceeds from this sale, and post-sale, Westaim's ownership will range between 4.80% and 6.45%, depending on the underwriters' option exercise.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 11:15 am

SO

Southern Company (NYSE:SO) has announced a private placement offering of $1.1 billion in convertible senior notes due June 15, 2027, to qualified institutional buyers. The offering may expand by an additional $200 million if the initial purchasers exercise their purchase option within 13 days. The final terms, including the conversion price and interest rate, will be determined at pricing. These notes are senior, unsecured obligations, with interest paid semiannually and maturation on June 15, 2027.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 10:59 am

MTH

Meritage Homes Corporation, a leading U.S. homebuilder, has initiated a $500 million offering of Convertible Senior Notes due 2028, with an option for initial purchasers to buy an additional $75 million in notes.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 10:41 am

POAI

Predictive Oncology has filed for a mixed shelf offering, aiming to raise up to $200 million. This move could potentially finance further research, development, and expansion efforts for the company.

Portfolio Pulse from Charles Gross

May 06, 2024 | 10:12 am

GRFS

Grifols and Haier have successfully completed all necessary government approval procedures for the transfer of a 20% stake in SRAAS. This marks a significant step in the collaboration between the two companies, potentially impacting Grifols' strategic positioning and financial outlook.

Portfolio Pulse from Charles Gross

May 06, 2024 | 10:04 am