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Equity Actions

MDU

MDU Resources Group, Inc. (NYSE:MDU) has filed a confidential draft registration statement on Form 10 with the SEC for the spinoff of its construction services business, Everus Construction Group, expected to be completed in Q4 2024. This move follows the rebranding of MDU Construction Services Group to Everus Construction Group and is aimed at transforming MDU Resources into a pure-play regulated energy delivery business, enhancing focus on individual business growth and maximizing shareholder value.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 8:33 pm

EB

Eventbrite announced that CEO Julia Hartz will take on the additional role of Executive Chair of the Board starting June 6, 2024. Kevin Hartz, the current Executive Chairman, will not seek re-election, and board member Steffan Tomlinson has stepped down immediately. Sean Moriarty will continue as Lead Independent Director.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 8:17 pm

LICY

Li-Cycle has successfully closed a $75 million investment from Glencore, marking a significant financial infusion into the battery recycling company. This investment could enhance Li-Cycle's operational capabilities and expand its market presence.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 8:15 pm

IPWR

Ideal Power Inc. has announced a proposed public offering of its common stock. This move is aimed at raising capital, but the specifics of the offering such as the number of shares to be offered and the price per share have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 8:14 pm

HOOD

Robinhood Markets, Inc. (NASDAQ:HOOD) shares increased by over 4% on Monday, rebounding from a dip on Friday following the announcement that co-founder Baiju Bhatt will step down as Chief Creative Officer. Bhatt will remain on the Robinhood Board of Directors. The stock is trading above its 50-day moving average and near its 52-week high. A long-term forecast suggests difficulty in predicting stock prices, but trend analysis indicates a potential annualized performance of -12.07% over the next 5 years.

Portfolio Pulse from Erica Kollmann

March 25, 2024 | 8:14 pm

MAIA

Maia Biotechnology has increased the maximum aggregate offering price of its shares of common stock issuable under an at-market offering agreement, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 8:11 pm

OPGN

OpGen, Inc. (NASDAQ:OPGN) announced a $3M acquisition of 3M shares of Series E Convertible Preferred Stock by David Lazar, who will also take over as CEO. The proceeds will be used to settle outstanding liabilities and for general corporate purposes. Lazar's investment and his appointment, along with new board members, aim to explore strategic options to enhance shareholder value. The company also settled its outstanding liabilities with the European Investment Bank and Curetis GmbH.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 8:10 pm

GSUN

Golden Sun Health Technology has received a Nasdaq delisting determination but plans to appeal. The company is exploring options, including a reverse stock split, and will update shareholders as necessary.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 8:06 pm

EMKR

Emcore has approved a 1-for-10 reverse stock split, set to become effective on April 1, 2024, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 8:06 pm

TRNO

Terreno Realty Corporation has announced a public offering of 5,000,000 shares of its common stock. This move is aimed at raising capital, potentially for expansion, debt reduction, or other corporate purposes. The offering could dilute current shareholders' equity but may also provide the company with necessary funds for growth.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 8:04 pm