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Capital Raise

All articles tagged with #capital raise

Rivian to raise about $1.5B via 75 million-share offering, sending stock lower
business5 days ago

Rivian to raise about $1.5B via 75 million-share offering, sending stock lower

Rivian stock fell about 10% in premarket trading after the EV maker announced a public offering of 75 million shares, aiming to raise roughly $1.5 billion to fund equity contributions under a U.S. Department of Energy loan. The company also pre-released Q2 revenue guidance of $1.55–$1.65 billion (above consensus) and reported a cash balance around $5.3 billion. Underwriters have the option to purchase up to 11.25 million additional shares. This move comes as Rivian shifts away from a 2027 profitability target amid higher R&D spending for autonomy and the launch of the R2 SUV, with profitability expected later this decade.

via CNBC|
#business#capital-raise#doe-loan
SK Hynix's $29B Nasdaq Move Could Reshape Micron's Outlook
business13 days ago

SK Hynix's $29B Nasdaq Move Could Reshape Micron's Outlook

SK Hynix plans to raise about $29 billion by listing American Depositary Receipts on Nasdaq to fund new Korea production facilities, additional equipment, and an Indiana packaging plant, with output expected by 2027–2028 and ramping through 2030. The resulting capex could add memory-chip supply and put pricing pressure on the market, potentially affecting Micron as it expands in Idaho and Taiwan and locks in long-term pricing. While the current upcycle may persist into next year, more supply could push margins down later in the decade, impacting valuations for all players as supply catches up to demand.

via The Motley Fool|
#business#capital-raise#memory-chips
FA Live Raises $45M to Globalize Magic Mike Live
entertainment2 months ago

FA Live Raises $45M to Globalize Magic Mike Live

FA Live, the experiential entertainment company co-founded by Channing Tatum, has raised $45 million in debt and equity to accelerate the global expansion of Magic Mike Live, with investments from Alignment Growth and East West Bank; the London and Las Vegas productions are already staged, with New York and Australia next, plus a multi-year Asia/Europe tour and a Lionsgate–inspired Step Up live show set for 2027. Tatum has personally invested in the round to expand IP and develop new formats worldwide.

via Variety|
#capital-raise#channing-tatum#entertainment
Joby Aviation slides on plan to raise $1B with convertibles and stock offering
business5 months ago

Joby Aviation slides on plan to raise $1B with convertibles and stock offering

Joby Aviation announced a roughly $1 billion capital raise consisting of convertible senior notes due 2032 and a concurrent equity offering, with notes potentially converting at up to a 30% premium and stock shares priced at a discount to the current price. The move triggered a premarket stock decline as the company aims to fund its production-expansion plan to double output by 2027; cash on hand was $978.1 million at the end of Q3.

via Sherwood News|
#business#capital-raise#convertible-notes
Trump Administration Cuts Offshore Wind Funding Amidst Industry Concerns
business10 months ago

Trump Administration Cuts Offshore Wind Funding Amidst Industry Concerns

Orsted, a Danish offshore wind company, faces significant setbacks in the US market due to political and economic challenges, including a $9.4 billion capital raise and project halts ordered by the Trump administration, leading to a sharp decline in its stock value and raising questions about its future US operations and strategic direction.

via Bloomberg.com|
#business#capital-raise#offshore-wind
GameStop Shares Drop Over 20% Amid Capital Raise and Bitcoin Push
business1 year ago

GameStop Shares Drop Over 20% Amid Capital Raise and Bitcoin Push

GameStop's shares dropped 20% after announcing a $1.75 billion debt financing to fund general corporate purposes, including investments in Bitcoin, following its first Bitcoin purchase of over $500 million. Despite the company's pivot to Bitcoin as a treasury reserve asset, its stock has been volatile, reflecting skepticism from investors amid ongoing struggles in its core retail business and store closures.

via Yahoo Finance|
#bitcoin#business#capital-raise
GameStop Shares Drop 20% Amid Capital Raise and Bitcoin Push
business1 year ago

GameStop Shares Drop 20% Amid Capital Raise and Bitcoin Push

GameStop's shares dropped 20% after announcing a $1.75 billion debt financing to fund general corporate purposes, including investments in Bitcoin, following its first Bitcoin purchase of over $500 million. Despite the company's pivot to Bitcoin as a treasury reserve asset, its stock has faced skepticism and decline amid ongoing struggles in its core retail business and store closures. The move aligns with a broader trend of non-crypto companies adopting Bitcoin to boost share prices.

via Fortune|
#bitcoin#business#capital-raise
Flushing Financial Aims to Raise $70M Amid Bond Sell-Off
finance1 year ago

Flushing Financial Aims to Raise $70M Amid Bond Sell-Off

Flushing Financial, a New York-based commercial real estate lender, is seeking to raise $70 million by selling low-yielding bonds and loans backed by commercial real estate, which will result in a loss and require a fresh stock sale. This move comes as banks with commercial real estate exposure face challenges due to Federal Reserve interest rate hikes, leading to unrealized losses. Flushing Financial, with $9.3 billion in assets, is among the community banks under pressure to improve capital levels, as regulators push for stronger financial foundations.

via CNBC|
#banking-sector#capital-raise#commercial-real-estate
Lucid Exceeds Q3 Revenue Forecasts Despite Growing Losses
business1 year ago

Lucid Exceeds Q3 Revenue Forecasts Despite Growing Losses

Lucid Group, Inc. reported its Q3 2024 financial results, highlighting a 90.9% increase in vehicle deliveries compared to Q3 2023, with 2,781 vehicles delivered and 1,805 produced. The company generated $200 million in revenue but reported a GAAP net loss per share of $(0.41). Lucid ended the quarter with $5.16 billion in liquidity and completed a $1.75 billion capital raise in October 2024. The company is on track to produce approximately 9,000 vehicles in 2024 and has opened orders for its new Lucid Gravity SUV.

via Lucid Group|
#business#capital-raise#electric-vehicles
"NYCB Stock Plunges After Attempted Capital Raise Report"
finance2 years ago

"NYCB Stock Plunges After Attempted Capital Raise Report"

New York Community Bank (NYCB) stock plunged up to 45% after reports of an attempted capital raise, marking an over 80% decline since January. The bank faces challenges following the exit of its CEO, increased loan losses, and weaknesses in internal controls. With options to sell assets, raise capital, or share risk with outside investors, NYCB's turmoil reflects broader concerns about commercial real estate weaknesses impacting other banks. Federal Reserve Chairman Jerome Powell assured lawmakers that the situation is manageable, but investors anticipate NYCB to raise common equity before considering asset sales.

via Yahoo Finance|
#banking#capital-raise#commercial-real-estate