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Equity Actions

AZ

A2Z Smart Technologies has canceled its proposed public offering in favor of a registered direct offering and a private placement, aiming to raise up to $4,500,000 and $2,500,000 respectively. The company plans to finalize agreements by April 2, 2024.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 7:45 am

GRTS

Gritstone bio announced a $32.5M underwritten public offering, including 8,333,333 shares of common stock and warrants, priced at $1.50/share. Additionally, pre-funded warrants for 13,334,222 shares at $0.0001/share and common warrants at $1.65/share were offered to a specific investor.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 7:39 am

UBS

UBS Group AG (NYSE:UBS) has announced a new $2 billion share buyback program set to start in 2024, aiming to enhance investor returns amid its acquisition of Credit Suisse. This initiative follows a $1 billion buyback after a strong Q4 performance and is part of UBS's strategy to reassure investors and demonstrate confidence in its financial position and future post-acquisition.

Portfolio Pulse from Benzinga Neuro

April 02, 2024 | 7:11 am

ZBAO

Zhibao Technology has priced its initial public offering (IPO) of 1.5 million Class A ordinary shares at $4 per share.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 7:06 am

KYN

Kayne Anderson Energy Infrastructure Fund (KYN) reported its net assets as $1.9B and net asset value per share as $11.52 as of March 31, 2024. The asset coverage ratios under the 1940 Act were 661% for senior securities and 469% for total leverage.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 7:05 am

AB

SCGLF

SCGLY

AllianceBernstein and Societe Generale have officially launched Bernstein, a new entity focused on leading in the cash equities and research sector. This strategic move aims to leverage the strengths of both firms to establish a dominant position in the market.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 5:47 am

ANGO

BDX

AngioDynamics has settled all patent litigation with C.R. Bard, a BD company. The settlement includes a one-time payment of $7 million from AngioDynamics to BD, with $3 million paid immediately and the rest over 12 months. Additionally, AngioDynamics will make minimum annual payments of $2.5 million to BD through February 2029, with potential extra payments based on sales of AngioDynamics' port products.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 9:32 pm

MNMD

MindMed has announced a voluntary delisting of its common shares from Cboe Canada. However, its shares will continue to be listed on the Nasdaq. This move could streamline operations and potentially focus the company's trading activity on a more global platform.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 9:28 pm

PIK

Kidpik and Nina Footwear have entered into a definitive merger agreement through an all-stock transaction. Post-merger, the combined entity will be named Nina Holdings Corp. Nina Footwear stockholders will receive 80% of Kidpik's outstanding common stock, effectively giving them majority ownership. Ezra Dabah, CEO and majority stockholder of both companies, along with his family, will control approximately 76.8% of the voting shares of the merged entity.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 9:24 pm

GENI

Genius Sports announces the resignation of board member Gabriele Cipparrone, effective April 8, 2024, following a reduction in holdings by Apax Partners-advised funds through a secondary sale on April 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 9:15 pm