Streetbeat News

Equity Actions

TKO

TKO Group has filed a prospectus with the SEC for the resale of up to 8.25 million shares of Class A common stock by selling stockholders. This move indicates a potential increase in the stock's liquidity but may also lead to dilution for current shareholders.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 8:42 pm

BA

LUV

Southwest Airlines received five Boeing 737-8 aircraft in Q1 2024 but retired three 737-700 aircraft. Due to Boeing's delivery delays, Southwest has adjusted its capacity and delivery expectations for the rest of this year and the next.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 8:41 pm

ACHV

Achieve Life Sciences has filed a prospectus with the SEC for the potential offer and sale of up to 13.1 million shares of common stock by selling stockholders. This move could impact the company's stock liquidity and potentially dilute current shareholders' equity.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 8:40 pm

SQFT

Presidio Property Trust Inc has filed with the SEC for a mixed shelf offering, allowing it to issue various securities up to a total value of $50 million. This strategic move could provide the company with flexible financing options for future growth, acquisitions, or debt management.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 8:39 pm

LLY

Eli Lilly has advised its shareholders to reject a 'mini-tender' offer by Tutanota LLC, according to an SEC filing. The pharmaceutical giant believes the offer is not in the best interest of its shareholders.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 8:26 pm

REPX

Riley Exploration Permian (REPX) announced the elimination of the positions of President and Executive Vice President. Bobby D. Riley will continue in his roles as CEO and Chairman of the Board. This decision was reported by Reuters, citing business intelligence sources.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 8:24 pm

BWB

Bridgewater Bancshares, Inc. (NASDAQ:BWB) announced Joe Chybowski's promotion to President, effective April 26, 2024, alongside other strategic leadership transitions. Chybowski, currently the CFO, will work closely with CEO Jerry Baack, aiming to drive strategic excellence and innovation. The company highlighted Chybowski's significant contributions since joining in 2013, including leading Bridgewater through its IPO and managing through macroeconomic challenges. Additional appointments include Mary Jayne Crocker as Chief Strategy Officer and Laura Espeseth as Chief Accounting Officer, marking a commitment to internal talent development and strategic growth.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 8:19 pm

AMC

AMC Entertainment Holdings, Inc. (NYSE:AMC) released its Q1 2024 preliminary results, showing a net loss of $(163.5) million, an improvement from the previous year's $(235.5) million. Revenue was $951.4 million, exceeding estimates of $861.06 million. The diluted loss per share was $(0.62), better than the estimated $(0.79). The company also launched an ATM equity program, selling 12.8 million shares and raising $41.8 million. Despite the impact of the 2023 Hollywood strikes, AMC outperformed consensus estimates for Revenue, Adjusted EBITDA, Net Income, and Diluted EPS.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 8:17 pm

ZH

Zhihu Inc. (NYSE:ZH) announced a change in its ADS ratio from 2 ADSs representing 1 Class A ordinary share to 1 ADS representing 3 Class A ordinary shares, effective around May 10, 2024. This adjustment will act as a one-for-six reverse ADS split, requiring holders to exchange six existing ADSs for one new ADS. The ADSs will continue trading on the NYSE under the symbol 'ZH'. No fractional ADSs will be issued; instead, net cash proceeds from the sale of fractional entitlements will be distributed to the holders. This change is expected to proportionately increase the ADS trading price, though no guarantees are provided.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 8:15 pm

CLVR

Clever Leaves Holdings Inc. (NASDAQ:CLVR, CLVRW) announced its decision to voluntarily delist its common shares and warrants from Nasdaq and deregister its Securities, aiming to terminate and suspend its reporting obligations under the Securities and Exchange Act of 1934. The delisting and deregistration are scheduled for May 2024, with the company citing non-compliance with Nasdaq's listing requirements, high operating expenses, and regulatory burdens as reasons for the decision.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 8:13 pm