Albemarle plans to issue up to $2 billion worth of convertible preferred stock. That amount equaled around 13% of the company's market cap, which was cut in half a year ago owing to a substantial decline in lithium prices and a failed Liontown Resources ( LINRF ) acquisition. Following the news, the stock declined 20%, erasing all the gains of...

The Reddit IPO is arguably the most anticipated initial public offering (IPO) of 2024 so far. The social media company filed its IPO paperwork in late February, with plans to price its offering in the $31 to $34 per share range. This will give it a roughly $6.5 valuation – and puts it in the running to be one of...

Investors with a lot of money to spend have taken a bearish stance on Bank of America ( BAC ) . And retail traders should know. We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga. Whether these are institutions or just wealthy individuals, we don't know. But when something...

12:31 PM EST, 03/06/2024 (MT Newswires) -- AxoGen ( AXGN ) filed a mixed-securities shelf registration with the US Securities and Exchange Commission covering the potential sale of up to $100 million of common and preferred stock, debt securities and warrants from time to time in one or more offerings. The company plans to use the net proceeds from the...