Streetbeat News

Equity Actions

WSR

The Board of Trustees of Whitestone REIT has rejected the nomination of two candidates proposed by Erez Asset Management for inclusion on the REIT's board. This decision indicates a potential conflict between the REIT's current management and Erez Asset Management regarding the direction of the company.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 10:15 pm

DKL

Delek Logistics Partners announced a $120 million proposed public offering of common units, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 10:01 pm

RDNT

RadNet shares are trading lower following the announcement of a $200 million underwritten public offering of common stock.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 9:57 pm

FWRG

First Watch Restaurant Group, Inc. (FWRG) announced a secondary offering of 6 million shares by certain funds managed by Advent International, L.P. All proceeds from the offering will go to the selling stockholders, with FWRG not selling any shares or receiving any proceeds.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 9:54 pm

CYT

Cyteir Therapeutics, Inc. (NASDAQ:CYT) announced its intent to delist its common stock from the Nasdaq Global Select Market, with trading suspension effective before the market opens on March 18, 2024. This move precedes the company's filing of a certificate of dissolution on March 20, 2024, and the closure of its stock transfer books. The official delisting is expected to be effective on March 28, 2024. This decision is part of Cyteir's Plan of Complete Liquidation and Dissolution, approved by its board and stockholders, due to the costs and burdens of being a publicly traded company amidst its planned dissolution.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 9:53 pm

MDT

Medtronic's board has authorized an additional $5 billion for share repurchases, adding to the remaining $1.9 billion from its March 2019 authorization. There is no set time frame for the completion of these repurchases.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 9:51 pm

GROW

U.S. Global Investors, Inc. (GROW) announced it repurchased 102,636 of its own shares in February 2024, a nearly 200% increase from the previous year. The buyback, costing about $281,000, is part of an enhanced program allowing up to $5 million in annual purchases. Since March 2022, around 1 million shares have been bought back. CEO Frank Holmes emphasized the buyback reflects confidence in the company's future and its current undervaluation, especially as small-cap stocks face pressure from rising borrowing costs.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 9:49 pm

DKL

Delek Logistics Partners, LP (DKL) has initiated a public offering of $120M in common units under an existing SEC registration, with an option for underwriters to buy an additional $13.5M. The proceeds are intended for repaying debts under its revolving credit agreement. Delek US Holdings, the sponsor and owner of DKL's general partner, expressed interest in purchasing up to $30M of the units, though this is not a binding commitment.

Portfolio Pulse from Happy Mohamed

March 07, 2024 | 9:39 pm

ATER

Aterian has made a minority equity investment in 4th & Heart, consisting of $200K in cash and approximately 145K shares of Aterian common stock. This strategic investment aims to strengthen Aterian's portfolio and market presence.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 9:32 pm

AGCO

AGCO Corp has filed for a mixed shelf offering, although the size of the offering has not been disclosed. This move allows the company flexibility in financing options by issuing various types of securities in the future.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 9:28 pm