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Equity Actions

SERV

Serve Robotics Inc. (NASDAQ:SERV) announced a $15M private placement of pre-funded warrants to purchase 2.5M shares of common stock, along with warrants to purchase an additional 2.5M shares at $6/share. The offering is expected to close around July 24, 2024.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 1:15 pm

UPS

UPS announced it will restart share repurchases, including a $500 million buyback in 2024. This move is likely to positively impact the stock price in the short term as it signals confidence in the company's financial health and future prospects.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 12:46 pm

ITB

PHM

PKB

PulteGroup, Inc. (NYSE:PHM) reported strong Q2 FY24 results with revenue of $4.60 billion, beating expectations. Home sale revenues rose 10% Y/Y, and GAAP EPS of 3.83 surpassed the consensus of 3.26. Despite a decline in net new orders, the dollar value of these orders increased. The company repurchased 2.8 million shares and announced a CFO transition. Investors can gain exposure via IShares U.S. Home Construction ETF (BATS:ITB) and Invesco Building & Construction ETF (NYSE:PKB).

Portfolio Pulse from Lekha Gupta

July 23, 2024 | 12:33 pm

MOBX

Mobix Labs has announced the issuance and sale of 2.88 million shares of Class A common stock and warrants in a $4 million private placement. The Series A and B warrants are priced at $1.39 per share, pending stockholder approval, with the closing expected on July 24, 2024.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 12:14 pm

ATNF

180 Life Sciences Corp. (NASDAQ:ATNF) has been granted an extension by the Nasdaq Listing Qualifications Panel to regain compliance with Nasdaq's continued listing requirements. The company has until September 20, 2024, to meet the Equity Rule and maintain its listing on Nasdaq.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 12:06 pm

CAPT

Captivision Inc. (NASDAQ: CAPT) has converted approximately $4.2 million of outstanding debt into equity at a $3.00 price per share and raised approximately $2.2 million via a private placement bond issuance by Captivision Korea. These actions are aimed at strengthening the company's financial position.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 12:01 pm

RNAZ

TransCode Therapeutics shares are trading lower following the announcement of a proposed public offering.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 11:37 am

CG

MRNA

David Rubenstein, Co-Founder and Co-Chairman of Carlyle Group, will join Moderna's Board of Directors effective August 5, 2024. Directors Robert Langer and Stephen Berenson will retire from the Board.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 11:13 am

AROC

Archrock shares are trading lower after the company priced an 11 million share offering at $21 per share.

Portfolio Pulse from Bill Haddad

July 23, 2024 | 11:06 am

AROC

Archrock, Inc. has priced a public offering of $11 million at $21.00 per share.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 11:05 am