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Equity Actions

TXO

TXO Partners LP has filed for a mixed shelf offering of up to $250 million, according to an SEC filing. Additionally, there is an offering of up to 11.5 million common units by the selling unitholders.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 9:53 pm

MTB

M&T Bank Corp reported a decrease in average total deposits by $1.3B to $163.4B for the quarter to date, mainly due to lower brokered deposits. Additionally, the bank has paused share repurchases during Q1 2024, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 9:50 pm

APGE

Apogee Therapeutics, Inc. (NASDAQ:APGE), a clinical-stage biotechnology company, has announced the commencement of a $350 million underwritten public offering of its common stock, with an option for underwriters to purchase an additional $52.5 million. The offering is subject to market conditions, and the securities are offered by Apogee. Jefferies, BofA Securities, Goldman Sachs & Co. LLC, TD Cowen, and Stifel are the joint book-running managers.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 9:30 pm

BOX

Box Inc. shares surged following its announcement of better-than-expected Q4 earnings per share (EPS) and a $100M expansion of its stock repurchase program. Additionally, the company provided Q1 revenue guidance that exceeded analysts' expectations.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 9:29 pm

FANG

VNOM

Viper Energy has announced a secondary common stock offering of 11,500,000 shares, which are being sold by Diamondback Energy. This move could potentially dilute existing shareholders but also provides Viper Energy with an opportunity to raise capital.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 9:26 pm

FLYX

flyExclusive, a private jet service provider, has announced a $25M equity investment to fund its working capital needs and aircraft acquisition plans.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 9:25 pm

JWN

Nordstrom projects its FY24 EPS to be between $1.65 and $2.05, below the estimated $2.05, with revenue ranging from a 2% decline to 1% growth compared to fiscal 2023. This outlook includes new Rack store openings, growth in digital sales, and comparable store sales growth. The company also forecasts a 3.5 to 4.0 percent EBIT margin and an income tax rate of approximately 27%. The 53rd week in fiscal 2023 is expected to unfavorably impact year-over-year comparisons.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 9:25 pm

VWE

Vintage Wine Estates, Inc. (VWE) is advancing its restructuring plan by focusing on Super Premium+ wine and cider, selling non-core assets to reduce debt, and improving cash generation. The company has retained Oppenheimer & Co. to facilitate asset sales, receiving multiple bids and a non-binding letter of intent. A forbearance agreement with lenders allows VWE to continue its transformation efforts, with $324.3 million in principal amounts outstanding as of February 29, 2024. VWE plans to report its Q2 fiscal 2024 results on March 12, 2024.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 9:21 pm

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