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Equity Actions

SWX

Southwest Gas Holdings and Carl Icahn have amended their cooperation agreement, which includes standstill restrictions on the Icahn Group. The company will nominate four Icahn designees for the 2025 annual meeting of stockholders.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 8:17 pm

VSEC

VSE Corporation has announced a public offering of its common stock, though the amount has not been disclosed. This move could impact the company's stock price and investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 8:05 pm

UAL

United Airlines has announced a $1.5 billion share repurchase program, indicating confidence in its financial health and future prospects.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 8:02 pm

RANI

Rani Therapeutics Holdings Inc (NASDAQ:RANI) shares fell 31.4% to $2.18 after announcing a $10 million direct offering of 3 million shares at $3 per share. The offering includes pre-funded and Series C common warrants, and the cancellation of Series A common warrants. Maxim Group LLC is the sole placement agent, with the offering expected to close around October 16.

Portfolio Pulse from Henry Khederian

October 15, 2024 | 7:49 pm

BA

Boeing plans to raise $25 billion through a mixed offering of common stock and has secured a $10 billion credit agreement. Analysts view this as a positive move to strengthen Boeing's balance sheet amid labor disputes and operational challenges.

Portfolio Pulse from Anthony Noto

October 15, 2024 | 5:37 pm

PEGY

Pineapple Energy Inc. (NASDAQ:PEGY) shares fell after announcing a 1-for-50 reverse stock split to regain Nasdaq compliance. The split reduces outstanding shares from 133.3 million to 2.66 million, aiming to increase the stock price. Shares are trading below the 50-day moving average.

Portfolio Pulse from Erica Kollmann

October 15, 2024 | 4:42 pm

SIDU

Sidus Space, Inc. (NASDAQ:SIDU) shares are trading lower following an SEC filing announcing an offering of 3.75 million shares at $2.67 each, with net proceeds of $8.9 million intended for various corporate purposes. Additionally, the FCC approved Sidus Space's operation of a micro constellation of satellites, marking a significant regulatory milestone. Despite this, SIDU stock has lost over 79% in the past year and is down 11.2% today.

Portfolio Pulse from Nabaparna Bhattacharya

October 15, 2024 | 4:34 pm

SFHG

Samfine Creation Holdings' shares began trading at $4.99 per share, following an IPO priced at $4 per share for 2 million shares.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 4:26 pm

RANI

Rani Therapeutics' stock is declining following the announcement of a $10 million direct offering, involving 3 million shares priced at $3 each.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 4:16 pm

ROLR

High Roller Technologies, Inc is set to IPO on October 16 on the NYSE under the ticker ROLR, with shares priced between $8.00 and $10.00. The insider lock-up period will last until April 14, 2025.

Portfolio Pulse from Benzinga Insights

October 15, 2024 | 3:00 pm