Streetbeat News

Equity Actions

NDAQ

Nasdaq, Inc. (NDAQ) announced the pricing of a secondary offering by Borse Dubai of 26,956,522 shares at $59 per share, with an option for underwriters to buy up to 4,043,478 additional shares. The offering is set to close on March 22, 2024.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 6:48 am

INTJ

Intelligent Group Limited (INTJ), a Hong Kong based financial public relations company, announced the pricing of its IPO of 1,875,000 ordinary shares at $4 each. The shares are expected to begin trading on Nasdaq on March 20, 2024, with the offering closing on March 22, 2024.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 6:45 am

GIS

HQY

MBRX

MU

SIG

U.S. stock futures are trading lower, with focus on General Mills, HealthEquity, Signet Jewelers, Moleculin Biotech, and Micron Technology due to earnings reports and corporate actions. General Mills is expected to report earnings of $1.05 per share on $4.96 billion revenue. HealthEquity reported upbeat Q4 earnings. Signet Jewelers is anticipated to report earnings of $6.37 per share on $2.55 billion revenue. Moleculin Biotech announced a 1-for-15 reverse stock split. Micron Technology is expected to post a quarterly loss of 26 cents per share on $5.33 billion revenue.

Portfolio Pulse from Avi Kapoor

March 20, 2024 | 6:44 am

ALAB

Astera Labs has priced its initial public offering (IPO) of 19.8 million common shares at $36 per share. The offering includes 16,788,903 shares offered by Astera Labs itself and 3,011,097 shares sold by existing stockholders.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 6:20 am

AQST

Aquestive Therapeutics has announced a $75M underwritten public offering of 16,666,667 common shares at $4.50 each. The proceeds will primarily fund the development and commercialization of Anaphylm™ and Libervant™, alongside general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 6:09 am

STWD

Starwood Capital Group has announced its acquisition of a 10.7% equity stake in ESR Group, in partnership with ESR's co-founders, Stuart Gibson and Charles de Portes. This strategic move signifies Starwood's investment in the real estate sector through a significant stake in ESR.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 6:05 am

FLFV

Feutune Light Acquisition (FLFV) stockholders approved an extension of the deadline for an initial business combination with Thunder Power Holdings Limited until March 21, 2024. The deadline may be further extended up to nine times, each by an additional month until December 21, 2024. For each extension, a payment will be made into FLFV's trust account, the lesser of $60,000 for all public shares or $0.035 for each public share.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 5:42 am

SMCI

Super Micro Computer (SMCI) has priced its public offering of 2 million common shares at $875 per share, expecting gross proceeds of $1.75 billion. The offering is anticipated to close around March 22, 2024.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 5:36 am

ARKK

ARKW

MRNA

PSNL

SQ

TWLO

U

Cathie Wood's Ark Invest sold $7.5M worth of Block Inc (SQ) shares through its ARK Innovation ETF (ARKK) and ARK Next Generation Internet ETF (ARKW) amid a Bitcoin price drop. This follows a previous sale of $8.95M in Block shares. Additionally, Ark Invest made trades in Moderna (MRNA), Personalis (PSNL), Twilio (TWLO), and Unity Software (U).

Portfolio Pulse from Benzinga Neuro

March 20, 2024 | 4:29 am

MSFT

OpenAI is preparing to launch GPT-5, a significantly improved version of its AI tool, by mid-year. The new model, expected to be a major upgrade from GPT-4, is currently in training and will undergo safety testing and scrutiny through a 'red teamed' process. Microsoft, as OpenAI's biggest investor and a key integrator of GPT technology in its products, is reportedly in talks for further investment to develop GPT-5. The release date may be delayed due to the extensive safety testing phase.

Portfolio Pulse from Ananya Gairola

March 20, 2024 | 2:52 am