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Equity Actions

NSSC

NAPCO Security Technologies, Inc. (NSSC) announced a secondary public offering of shares by its Chairman and CEO, Richard L. Soloway. The offering includes an option for underwriters to purchase additional shares. NAPCO will not issue new shares or receive proceeds from this sale, avoiding dilution for current stockholders. Needham & Company and TD Cowen are joint book-runners, with D.A. Davidson & Co. as lead manager. The offering's completion, size, and terms are subject to market conditions.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 9:18 pm

HCP

HashiCorp's Board has authorized a share repurchase program, allowing the company to buy back up to $250 million of its common stock. This move is part of HashiCorp's strategy to manage its capital allocation and return value to its shareholders.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 9:18 pm

APGE

Apogee Therapeutics has filed for an offering of 6 million shares of its common stock. This move is aimed at raising capital, potentially for further research, development, and expansion of its operations.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 9:18 pm

KRNL

KRNLU

Kernel Group Holdings, Inc. (KRNL), a special purpose acquisition company, has announced a one-month extension for its deadline to complete its initial business combination, moving it from March 5, 2024, to April 5, 2024. This is the second of up to six monthly extensions allowed by the company's governing documents.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 9:16 pm

BOX

Box Inc.'s board has approved an expansion of its stock repurchase program by $100 million, aiming to enhance shareholder value by potentially reducing the number of outstanding shares.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 9:13 pm

LNG

Cheniere Energy, Inc. (NYSE:LNG) has priced its offering of $1.5 billion Senior Notes due 2034 at an interest rate of 5.650%, to mature on April 15, 2034. The proceeds will be used to retire all or part of the $1.5 billion outstanding Cheniere Corpus Christi Holdings, LLC's senior secured notes due 2025. The offering, expected to close on March 19, 2024, has not been registered under the Securities Act of 1933 and is subject to certain conditions.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 9:05 pm

TNDM

Tandem Diabetes Care's stock is trading lower following the announcement of a proposed $250 million private placement of convertible notes due in 2029.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 8:38 pm

AAON

AAON has announced a $25 million increase in its share repurchase authorization, bringing the total to $50 million. The repurchases will be conducted under a pre-arranged plan following Rule 10b5-1 guidelines, with the timing and amount depending on market conditions.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 8:36 pm

BAYRY

BAYZF

Bayer AG, under new CEO Bill Anderson, has decided to postpone any plans to split the company into separate units for the next three years, focusing instead on addressing current challenges, boosting performance, and creating strategic flexibility. The company is evaluating the potential separation of its Consumer Health or Crop Science divisions but has ruled out a three-way split. Bayer aims to focus on its pharmaceuticals pipeline, litigation, debt reduction, and implementing a new operating model to improve performance, expecting to cut annual costs by €2 billion from 2026. Fiscal year 2023 saw a decline in Crop Science sales, stable Pharmaceuticals sales, and an increase in Consumer Health sales. Bayer forecasts fiscal year 2024 sales between €47 billion to €49 billion, with adjusted EBITDA of €10.7 billion to €11.3 billion, and core earnings per share of €5.10 to €5.50.

Portfolio Pulse from Vandana Singh

March 05, 2024 | 8:25 pm

TWLO

Twilio shares are trading lower due to overall weakness in tech stocks, despite the company announcing a $2 billion share repurchase authorization and affirming its Q1 guidance. Twilio also provided guidance for FY24 and FY25.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 7:46 pm