Stock offerings
NIO Inc. has completed its equity offering, raising a total of US$1.16 billion through the sale of 209,090,918 Class A ordinary shares. The offering consists of an initial public sale of 160,823,190 American depositary shares (ADSs) and 20,995,000 Class A ordinary shares,
Stock offerings
NioCorp Developments Ltd. (NASDAQ:NB), a company focused on developing the Elk Creek Project, has announced the pricing of a registered direct offering in the United States. The offering is expected to consist of up to 10,000,000 common shares at an offering price of $5.00 per common
Musk, Elon
Elon Musk, the CEO of Tesla, has made a significant move by purchasing nearly $1 billion worth of the electric vehicle maker's shares, according to a filing with the Securities and Exchange Commission (SEC). This acquisition is Musk's first open-market purchase of the stock since February
Stock offerings
Mobix Labs, Inc., a provider of advanced connectivity and defense technology solutions, has announced that it has filed a Form 425 with the U.S. Securities and Exchange Commission (SEC) formally announcing its intention to commence a hostile exchange offer to acquire all outstanding shares of Peraso, Inc. The proposed
Stock offerings
Waystar Holding Corp., a leading healthcare payments software provider, has announced the pricing of a secondary offering of 18,000,000 shares of common stock at $39.40 per share. The offering is led by J.P. Morgan as the underwriter and is expected to close on or about September
Stock offerings
News Corp, a global diversified media and information services company, has announced the pricing of a secondary offering of Class B common stock, totaling 14.07 million shares, at a price of $32.45 per share. The offering is being conducted by trusts established for the benefit of Prudence MacLeod,
Securities law
Ropes and Gray, a leading international law firm, recently issued an update on the Securities and Exchange Commission's (SEC) new guidance on compliance for Rule 506(c) and exemptive relief for exchange-traded funds (ETFs). This new framework aims to reduce compliance uncertainty and operations complexity for asset management
Stock offerings
Norwegian Cruise Line Holdings Ltd., a subsidiary of Norwegian Cruise Line Corporation, has announced a registered direct offering of 3,313,868 ordinary shares at a price of $24.53 per share. The offering is expected to close on September 11, 2025, subject to customary closing conditions. The net proceeds
Stock offerings
Smithfield Foods, a leading American food company, has announced the pricing of a secondary public offering of 19,531,698 shares of its common stock. The offering, led by Morgan Stanley, BofA Securities, and Barclays, will sell shares at a price of $23.25 per share, with the option for
Securities law
Cerence Inc., a leading artificial intelligence technology company, has recently announced a restructuring plan aimed at further reducing operating expenses and positioning the company for profitable growth. As part of this plan, the company will incur cash restructuring charges of approximately $7.2 to $7.9 million, primarily consisting of
Stock offerings
Fox Corporation, a media company, has announced a secondary offering of its Class B common stock. The offering is intended to raise funds for the trusts established for the benefit of Prudence MacLeod, Elisabeth Murdoch, and James Murdoch and his or her respective descendants and charitable organizations. The Company will
Securities law
Bernard J. Cassidy, Executive Vice President, General Counsel, and Corporate Secretary of Sana Biotechnology, Inc., has announced his planned retirement, effective October 20, 2025. Cassidy's departure is voluntary and for personal reasons, not a result of any disagreement with the company. His successor, Aaron M. Grossman, is expected
