Streetbeat News

Equity Actions

OFG

OFG Bancorp has announced a new $50 million stock repurchase plan, adding to its existing repurchase authorizations. This move is part of OFG's capital actions.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 1:08 pm

CLSK

CleanSpark shares rose after the company announced an increase in authorized shares for its repurchase program from 300 million to 600 million.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 12:47 pm

KZR

Kezar Life Sciences (NASDAQ:KZR) will implement a 1-for-10 reverse stock split effective October 29, 2024, to comply with Nasdaq's minimum bid price requirement. Trading on a post-split basis will begin on October 30, 2024.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 12:38 pm

ADTX

EVFM

Aditxt, Inc. has completed a $2.28 million investment in Evofem Biosciences as part of their merger agreement, marking a significant step towards the acquisition of Evofem.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 12:17 pm

FPAY

FlexShopper has secured an option to repurchase 91% of its Series 2 Preferred Stock at a significant discount, over 50% less than the $43 million liquidation preference. This option is valid for one year, with potential additional payments based on future events.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 12:06 pm

GRYP

Gryphon Digital Mining (NASDAQ:GRYP) has restructured its $18 million debt with Anchorage Digital, converting $13 million into equity and warrants, and retaining $5 million as debt. Anchorage gains a board seat, and Gryphon aims to leverage this for strategic growth.

Portfolio Pulse from Anusuya Lahiri

October 28, 2024 | 12:05 pm

GRYP

Gryphon Digital Mining has converted its debt into equity to strengthen its balance sheet and increase shareholder equity. This move is aimed at improving the company's financial stability.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 12:05 pm

ADT

ADT shares are declining due to a proposed secondary public offering of 56 million shares and a concurrent 16 million share repurchase by Apollo Global Management.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 10:54 am

HE

Hawaiian Electric Industries shares rose following Ken Griffin's Citadel reporting a 5.4% passive stake in the company.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 10:52 am

BA

Boeing has announced a $5 billion preferred stock offering and 90 million common shares to reduce debt and fund growth. The offerings include depositary shares representing a 1/20th interest in newly issued Series A Mandatory Convertible Preferred Stock. Proceeds will be used for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 10:44 am