Parnassus Investments, an investment management company, released the "Parnassus Growth Equity Fund" second-quarter 2026 investor letter. The letter can be downloaded here. During the quarter, the Fund (Investor Shares) returned 17.49% (net of fees), outperforming the Russell 1000 Growth Index's 16.74%. Holdings in Information Technology and Consumer Discretionary sectors boosted relative returns, while Communication Services and Financials holdings detracted. For the year-to-date period, the Fund returned 6.17% (net of fees), outperforming the Russell 1000 Growth's 5.33%. The firm remains constructively bullish on U.S. equities and continues to be selective, valuation-sensitive, and focused on disruptive growth opportunities through active stock selection. Growth stocks advanced during the second quarter, as the Russell 1000 Growth Index generated strong double-digit returns driven by increased confidence in the durability of the ongoing artificial intelligence (AI) infrastructure build-out. Additionally, reviewing the Fund's top five holdings could help identify its best picks for 2026.
In its second-quarter 2026 investor letter, Parnassus Growth Equity Fund highlighted Lumentum Holdings Inc. (NASDAQ:LITE). Lumentum Holdings Inc. (NASDAQ:LITE) is a leading technology company that manufactures and sells optical and photonic products. On September 15, 2026, Lumentum Holdings Inc. closed at $838.96 per share. Over the past month, Lumentum Holdings Inc. gained 6.57%, and its shares are up 439.98% over the past year. Lumentum Holdings Inc. has a market capitalization of $75.25 billion, and its stock has traded within a 52-week range of $144.52 to $1,085.68.
Parnassus Growth Equity Fund stated the following regarding Lumentum Holdings Inc. (NASDAQ:LITE) in its Q2 2026 investor letter:
"Lumentum Holdings Inc. (NASDAQ:LITE) offers exposure to a key bottleneck in AI infrastructure, optical networking, as rising data demand drives a shift away from copper-based systems. Its components enable faster, more efficient data transfer and benefit from strong competitive advantages, including deep technical expertise and high switching costs once embedded in customer platforms."
Lumentum Holdings Inc. (NASDAQ:LITE) is not on our list of the 40 Most Popular Stocks Among Hedge Funds. According to our database, 111 hedge fund portfolios held Lumentum Holdings Inc. (NASDAQ:LITE) at the end of the second quarter, down from 123 in the previous quarter. While we acknowledge the potential of Lumentum Holdings Inc. (NASDAQ:LITE) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

#lumentum #lite #Growth #investor

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The Federal Open Market Committee (FOMC) — a division of the Federal Reserve responsible for setting monetary policy — will soon meet again to evaluate the health of the economy and make key decisions regarding the federal funds rate.
These decisions impact not only how the economy functions as a whole but also everyday consumers, as they influence rates on savings accounts, credit cards, mortgages, and more.
Statements and forecasts released during FOMC meetings provide valuable information on the economic outlook. Knowing when the Fed meets to discuss monetary policy and make important decisions can help you get a snapshot of the economy's overall health and adjust your own financial strategy accordingly.
The FOMC holds eight regularly scheduled meetings per year. Its most recent meeting took place July 28-29, 2026. The next one is scheduled for Sept. 15-16.

#monetary #Health

The dollar index (DXY00) on Friday rose by +0.06%. The dollar found support as a hawkish US CPI report pushed odds of an FOMC rate hike next week up to 88% from 75% on Thursday. Also, the 10-year T-note yield on Friday rose by +0.6 bp, supporting the dollar's interest rate differentials.
Friday's -2.4% decline in oil prices initially caused the 10-year T-note yield to drop, despite the CPI report. However, the CPI report caught up with the T-note market by the end of the day, and the 10-year T-note yield ended slightly higher.
Dollar Eases as Crude Oil Prices Fall
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Friday's Aug US CPI report of +0.4% m/m was in line with market expectations, but the core CPI report of +0.3% m/m was slightly stronger than market expectations of +0.2% m/m. On a year-on-year basis, the Aug CPI report of +3.4% y/y was unchanged from July and was in line with market expectations. Meanwhile, the Aug core CPI report of +2.4% y/y eased slightly from July's +2.5% and posted a new 5.5-year low, and was in line with market expectations.

#year

RTX Corporation (NYSE:RTX) is increasingly benefiting from surging demand for missiles, air-defense systems, and other military equipment as geopolitical tensions rise and governments expand defense spending. The stock is already up about 9% year-to-date, as investors increasingly price in the company's growing defense backlog and stronger long-term demand.
On September 1, the U.S. Department of War awarded RTX Corporation (NYSE:RTX)'s Raytheon business a $42.48 million cost-plus-fixed-fee contract for technical and engineering services supporting Navy air-traffic systems. The work includes engineering and restoration services for air-traffic navigation and coordination systems.
While relatively small compared with Raytheon's larger weapons contracts, the award comes amid a broader acceleration in defense spending.
Photo by Somchai Kongkamsri from Pexels
On August 17, Raytheon was awarded a $22.9 billion contract to accelerate production of Tomahawk cruise missiles. The agreement supports the annual production ramp-up of more than 1,000 Tomahawk missiles, along with **** ociated support and services.

#tomahawk

The Bank of England must raise interest rates or risk losing market confidence, the central bank's chief economist has said.
In a speech in Edinburgh, Huw Pill said he was "uncomfortable" with holding interest rates steady to ******* s the impact of the Iran War. He warned that investors could lose faith in the Bank's ability to tackle inflation.
He said: "The danger exists that the market may lose confidence that expected Bank Rate increases will be implemented just at the time as it starts to entertain doubts that the MPC [Monetary Policy Committe] [sic] ability or willingness to bring inflation down to target."
The warning from Mr Pill comes after the Bank of England's Monetary Policy Committee (MPC) voted 6-3 to hold interest rates at 3.75pc in July. It was held despite inflation standing at 2.9pc, above the Bank's 2pc target.
Unlike the majority of his colleagues, Mr Pill voted to increase the bank rate to 4pc

#bank #inflation #market

For the vast majority of my life, even as a retail expert who has covered the industry for over 30 years, I never thought much about supply chains outside of work. When I went to a grocery store, it nearly always had what I wanted.
During the Covid pandemic, however, supply chains became a dinner topic because our stores were running out of, or had run out of, key supplies.
In some cases, it was minor. You wanted Bounty, but had to settle for Brawny or even Viva.
When it came to toilet paper, however, that's when people really noticed, and panic buying stepped up. Americans weren't going to the bathroom more. They were not going to the office, so our supply of toilet paper wasn't geared for our quickly changing needs.
MIT supply chain expert Yossi Sheffi commented on the product shortages during the height of the pandemic in 2020.

#wanted

Interested in XPENG Inc. Sponsored ADR? Here are five stocks we like better.
XPeng shares fell toward 52-week support near $11 after an automotive top-line miss, but a robotics spin-off may be overlooked value.
XPeng's robotics unit, Dogotix, raised over $900 million in Series A funding backed by Tencent and Alibaba, valuing it at about $6.3 billion.
A sum-of-the-parts ******* ysis suggests XPeng's core EV business is valued at roughly $4.7 billion, seemingly ignoring the robotics division's worth.
When earnings miss the mark, the market often reacts with ruthless efficiency—selling first and parsing the details later. That is seemingly the setup currently unfolding with XPeng Inc. (NYSE: XPEV).

#xpeng #robotics #sponsored #series

Investors know that most dividend stocks dish out their payments on a quarterly basis. That's not a regulatory requirement, though. These companies can pay this money out at any cadence they like, including a monthly one. Some of them do so, in fact, including real estate investment trust Realty Income (NYSE: O).
To this end, how much monthly income would a $30,000 holding in Realty Income generate right now?
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
If you're not familiar with it, like all other real estate investment trusts -- or REITs -- this one owns revenue-bearing real estate. However, even by REIT standards, Realty Income is unique. It specializes in serving as a landlord to the brick-and-mortar retailing industry. Its top tenants include Dollar General, Walgreens, and 7-Eleven.
The industry focus clearly works, too. Not only has the company paid a monthly dividend like clockwork for decades, but it has also raised its per-share payment for 31 consecutive years. Indeed, it's raised its dividend every quarter for almost 29 years.

#realty #signal #like #estate

On August 13, Golar LNG (NASDAQ:GLNG) used its second-quarter earnings call to announce a fourth floating LNG unit, an order signed just hours before the call began. The Mark II vessel will be built at CIMC Raffles Shipyard in China and delivered within 2029, making it the earliest available liquefaction capacity anywhere in the world. Combined with an EBITDA backlog of $17 billion already locked in through Hilli, Gimi, and the FLNG Esperanza, the announcement reframes Golar as a company still adding capacity rather than one just running out its existing fleet.
The new order lifts Golar's controlled liquefaction capacity by 41%, from 8.6 million tonnes to more than 12 million tonnes once fully delivered. Management said that if the unit is chartered on terms similar to last year's Esperanza deal, annual earnings capacity could rise 50%, pushing run-rate EBITDA past $1.2 billion by 2030. That confidence rests on a shipyard bottleneck.
Samsung, the industry's biggest builder, isn't expected to have open capacity until 2031, and Wison in China is on track to book its next two large units, leaving it committed well into the next decade. Seatrium and CIMC, the only two yards actively converting FLNG units right now, have built exclusively for Golar. The operating record backs up the growth pitch. Hilli finished its eight-year Cameroon contract with 100% economic uptime and 156 cargoes delivered, Gimi produced 15% above its contracted volume in the quarter, and the Esperanza conversion is 74% complete and still on budget. Commodity-linked income is already showing up in the numbers: Hilli's contribution jumped to $37 million in the quarter from $10 million in the first quarter, helping push EBITDA up 20% sequentially to $127 million.
Growth at this pace isn't free. The CapEx budget for the fourth FLNG unit came in around $2.45 billion, roughly 10% above the $2.2 billion spent on Esperanza, a jump management tied to inflation in long-lead equipment like turbines and dual-fuel engines, parts now being bid up by AI data center and aircraft manufacturers too. That new unit also has no charter yet, so the 50% earnings boost management is pointing to is a target, not a locked-in number.
Meanwhile, Golar is still equity funding Esperanza, having put in $1.3 billion of its $2.2 billion budget, while carrying net interest-bearing debt of about $1.8 billion. Executives are counting on refinancing Hilli and locking in long-term financing for Esperanza to free up roughly $2.3 billion in liquidity, transactions that are still in progress rather than done. The commodity exposure that flatters earnings when LNG prices are high works the same way in reverse. Management's own sensitivity table shows EBITDA falling back toward $1.2 billion if prices settle near $8 per million BTU, well below the $1.9 billion implied by today's $15 forward price. And the disruption at Qatar's Ras Laffan facility, which knocked out an estimated 17 million tonnes of capacity for three

Druckenmiller, Klarman, Tepper, Loeb, and Berkshire all bought GOOGL in Q2 2026, a rare billionaire consensus in one Magnificent 7 stock.
GOOG and GOOGL trade at a 17x trailing P/E while Google Cloud surged 82%, but Q2 free cash flow turned negative and debt nearly doubled.
Act now: the ******* yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Google didn't make the cut. Grab the names FREE today.
Between August 13 and 14, 2026, Q2 2026 13F filings landed and told a rare story: Stanley Druckenmiller, Seth Klarman, David Tepper, Dan Loeb, and Berkshire Hathaway all moved into Alphabet (NASDAQ:GOOGL) in the same quarter. Consensus buys of that magnitude across value, macro, and event-driven billionaires almost never happen simultaneously in a single mega-cap name.
The filings, which report positions as of June 30, 2026, show the following.

#loeb

Interested in Qualys, Inc.? Here are five stocks we like better.
ETM and Patch Management are central to Qualys' growth strategy. ETM and CSAM rose to 12% of trailing-12-month bookings from 9% a year earlier, while Patch Management increased to 9% from 7%; management expects ETM to be the primary near-term growth engine.
Qualys reported 16% growth in current calculated billings, raised its outlook and increased operating cash flow by 77%. Management aims to lift net dollar expansion above 110% as ETM, remediation tools and TotalAI 2.0 gain adoption.
The company is expanding beyond vulnerability detection into prioritization, validation and remediation through products such as Agent Val, Agent Insta and TotalAI 2.0. Qualys is also evaluating acquisitions in remediation and AI security while positioning its Risk Operations Center to unify risk data across diverse environments and third-party tools.
Looking Beyond CrowdStrike? 3 AI Security Stocks Stand Out

#totalai #security

Red Cat (RCAT) shares rallied on Friday after President Donald Trump signed a proclamation invoking Section 232 to slap ad valorem tariffs of up to 100% on imported drones and critical components.
The sweeping order targets military-grade foreign unmanned systems while imposing a 25% tariff on smaller commercial models as well to strengthen national security.
Analysts Keep Hiking Micron's Revenue and Price Forecasts - Shorting MU Puts Works Here
GOOGL Stock Alert: Google Unleashes Its Biggest Weapon Against Apple
Sandisk Stock Jumps on Its Investor Day Success. Why Wedbush ******* ysts Aren't 100% Buying the Story.

#Stock #president

ABO Energy has reached an agreement to sell its subsidiaries in Poland and Hungary to Public Power Corporation (PPC), a Greek electric power group.
The deal includes all 38 ABO Energy employees in both countries, a development pipeline of around 2GW, and five operating solar parks with a combined capacity of 82MW. It also covers a 17MW solar farm that is nearing completion.
Financial details regarding the transaction are undisclosed.
PPC, described as an integrated utility group in south-east Europe, will acquire the two subsidiaries following the necessary regulatory approvals.
The companies expect the transaction to close by the end of the year.

#subsidiaries #transaction #Poland

Miivo AI (TSX-V:MIVO) has highlighted growth in users, recurring revenue and product offerings in the first half of 2026 following the launch of three AI products aimed at helping businesses automate functions including financial ***** ysis, lead generation and customer insights.
The company said it acquired more than 3,000 users during the six-month period, while average subscriber time spent on its platform increased significantly. Miivo also said it has helped businesses increase sales and acquire new customers, while expanding its base of recurring-revenue customers.
The company launched its Business Intelligence product, which integrates with accounting software to provide real-time dashboards covering revenue, cash flow, margins, operational performance and key performance indicators. The product also identifies potential risks and recommends actions aimed at improving profitability.
Its AI Lead Generation product identifies potential business-to-business customers, scores prospects against an ideal customer profile, enriches contact information, drafts personalized outreach emails and tracks campaigns.
Miivo also launched Reputation & Customer Insights, which monitors reviews and mentions across platforms including Google Reviews, Instagram and Reddit. The product ***** yzes customer sentiment, generates AI-written response drafts for businesses to review and publish, and provides internal recommendations based on customer feedback.

#product #revenue #customers #Insights

Sumit Singh, Chief Executive Officer of Chewy, Inc. (NYSE:CHWY), reported disposing of 81,841 shares of Class A Common Stock between July 31, 2026, and Aug. 3, 2026, according to a recent SEC Form 4 filing.
Metric
Value
Transaction value
~$1.9 million

#chief #officer #class

Baron Capital, an investment management company, released its Q2 2026 investor letter for the "Baron Health Care Fund". A copy of the letter is available to download here. The Fund gained 11.99% during the quarter, compared with the 10.48% gain for the Russell 3000 Health Care Index and the 15.44% gain for the Russell 3000 Index. Since inception, the Fund appreciated 10.61% on an annualized basis, compared with 10.02% for the Benchmark and 14.83% for the Index. Strong stock selection in pharmaceuticals, biotechnology, health care equipment, and life sciences tools and services supported the Fund's outperformance, although limited exposure to managed care stocks reduced relative returns. The Fund remains positive on health care due to improving biotechnology funding, strong acquisition activity, recovering managed care margins, and growth from an aging population, chronic disease, medical innovation, and higher health care spending. In addition, please check the Fund's top five holdings to know the best picks in 2026.
In its second-quarter 2026 investor letter, Baron Health Care Fund highlighted Elevance Health, Inc. (NYSE:ELV). The fund re-established a position in Elevance Health, Inc. (NYSE:ELV), a US-based health benefits company, during the quarter. On August 03, 2026, Elevance Health, Inc. (NYSE:ELV) closed at $382.77 per share, reflecting a market capitalization of $81.54 billion. Elevance Health, Inc. (NYSE:ELV) posted a one-month return of -8.61%, while its shares gained 38.48% over the past 52 weeks.
Baron Health Care Fund stated the following regarding Elevance Health, Inc. (NYSE:ELV) in its Q2 2026 investor letter:
"We re-established positions in two previously owned managed care companies, UnitedHealth Group Incorporated and Elevance Health, Inc. Both companies manage diversified portfolios, providing insurance and health care services to Commercial, Exchange, Medicaid and Medicare Advantage members. We believe that the insurance cycle is turning more favorable for these companies, particularly in their Medicare Advantage businesses. After several years of elevated utilization trends, inadequate reimbursement, and regulatory challenges coupled with aggressive pricing to drive share gains, which drove operating margins to depressed levels, UnitedHealth and Elevance have exited unprofitable Medicare Advantage markets and products, right-sized benefits, and are now in the process of rebuilding profitability. We further think that the application of AI will enable them to take a significant bite out of administrative costs as well. Finally, we believe that the earnings power of both companies is well above current levels ******* uming they can approach their longterm target margins over the next few years. If we further ******* ume a reasonable multiple on future earnings power, we believe there is substantial upside in both stocks."

#care #baron

Tesla shares experienced a resurgence on Monday, Aug. 3, as investors accelerated last week's post-earnings rally. But ***** ysts at Stifel Nicolaus, one of the biggest Tesla bulls on Wall Street, are going the opposite way.
Since they dipped slightly below the stock's support level at $300, shares have rallied nearly 8% since the session last Wednesday, July 29, including a 3.5% increase to close trading on Aug. 3.
Tesla reported second-quarter revenue of $28.2 billion, a record that topped ***** yst estimates of $27.6 billion. However, the 33 cents per share the company reported missed estimates from ***** ysts polled by Tesla (TSLA), who were expecting 55 cents per share.
So it seems that as Tesla chased volume, delivering 480,126 vehicles, a 25% increase from the same period a year ago, it sacrificed margins to get there. Net income for the quarter fell 17% to $1.15 billion. ***** ysts were expecting net income of $1.27 billion.
Meanwhile, Tesla's results from the first quarter were flipped.

#quarter #shares #last #estimates

The bulls could cling to something worthy while they watch semiconductor stocks such as Sandisk (SNDK) and Micron (MU) get blown to pieces.
About 72% of S&P 500 stocks are now trading above their 200-day moving average, the strongest market breadth since December 2024, according to data from Barchart (see below). The benchmark index is also holding near record highs.
"You've got essentially two-thirds of S&P 500 companies that are trading above their 200-day moving average. That's relatively healthy and still consistent with the market that is more rotational in nature and not necessarily one that is correctional," Charles Schwab strategist Kevin Gordon said on Yahoo Finance's Opening Bid.
Investors have cashed in their AI bets and have rotated into software, financials, industrials, healthcare, and consumer discretionary stocks for their perceived values. A strong earnings season from many companies, like Coca-Cola (KO) on Tuesday, has helped offset the negative tones stemming from reports out of Alphabet (GOOGL) and Tesla (TSLA).
The market has also been supported by resilient economic data, continued expectations for Federal Reserve rate cuts over the next year, and robust corporate profit growth, all of which have kept money flowing into stocks.

#average

A $29,000 XRP position today could reach $1 million by 2035 only if the coin hits $38, requiring a $2.4 trillion market cap.
About 73% of XRP wallets hold fewer than 100 coins worth roughly $110 today, leaving most holders far short of any retirement target.
XRP's 70% price drop over one year proves why selling at your target and moving proceeds into stable ***** ets beats drawing income directly from crypto.
Two retirees, same $1 million, same 4% rule, buy one finished with $1.4 million, the other hit $0 in 12 years. Our free reader guide explains the flaw that separated them, and the income-first method built to avoid it.
Say you want to retire in the next decade or two and you want crypto to fund it. XRP (CRYPTO:XRP) is one of the top digital ***** ets worth a shout, since it is Ripple's native token and the bridge ***** et that settles payments across its cross-border network, so the utility is there.

#target #assets #want

Marvell Technology (NASDAQ: MRVL) has emerged as a strong AI investment candidate throughout 2026. It has a great bull thesis and is right at the heart of the AI buildout.
Furthermore, Nvidia (NASDAQ: NVDA) has invested $2 billion into Marvell and announced several strategic partnerships to ensure that Nvidia's computing units function on Marvell's products. This is a big deal because Marvell is starting to grow its custom AI chip business, and this could be a major part of the company someday, especially with the two major clients that it has.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
But is this enough to make Marvell the new Nvidia? Let's take a look.
Marvell makes connectivity devices for data centers and also ******* ists AI hyperscalers design custom chips. This is a great business to be in right now, as the AI buildout is full steam ahead. In its custom AI chip business, Marvel has captured two major clients: Amazon and Microsoft. These two companies operated the largest and second-largest cloud computing platforms in the world, and having these two as clients is a big deal for Marvell, as it gives them a major customer that wants to reduce reliance on Nvidia chips through designing their own.

#major #NASDAQ

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Silver (SI=F) September futures opened at $60.01 per ounce on Thursday, July 23, 2026, down 0.5% from Wednesday's closing price. The silver price moved lower this morning, reaching $58.42 as of 8:40 a.m. ET.
Silver opened just above $60 on Thursday for the first time since July 10. The metal has gained 7.3% over the past week as investors weigh inflation concerns against safe-haven demand.
The gold/silver ratio at the open was 67.9, which is in line with the average since 2000. The ratio calculates how many ounces of silver it takes to purchase one ounce of gold. Investors use it as an indicator of each metal's relative value. A ratio value above 75 could signal that silver is undervalued and positioned for higher performance.
The opening price of silver futures on Thursday, July 23, 2026, was 0.5% lower compared to Wednesday's closing price. Here's how today's opening silver price has changed versus last week, month, and year:

#price #thursday #futures #ounce

Balance Coin (CRYPTO: $BLC), a low circulation stablecoin meant to hold a U.S. dollar peg, has crashed more than 99% after a hacker drained its Bitcoin (CRYPTO: $BTC) vault.
The token, which had traded near its $1 U.S. peg, has fallen to $0.0014 U.S., erasing nearly all of its $3.5 million U.S. in nominal value.
The collapse comes after a hacker drained Balance Coin's Bitcoin-backed collateral that it had used to mint the stablecoin.
More From Cryptoprowl:
MEXC Reports 7.1 Billion USDT in ******* eX Futures Volume as Q2 Closes the Gap to Wall Street

#balance #hacker #coin #reports

Over the past year, artificial intelligence news has dominated the entertainment sector. However, traditional media ***** ets are now attracting increasing interest among strategic acquirers. This can be seen Friday after the rumors emerged that Lionsgate Studios (LION) had attracted takeover interests from numerous parties, causing its stock prices to shoot up.
As per reports, Bolloré Group of France showed an interest in acquiring the studio. Moreover, Banijay Group is also exploring the possibility of making an offer. LIONSgate reportedly has an investment bank advising it on the possibilities of strategic alternatives, but it is not yet sure whether there will be a deal as Lionsgate might end up staying independent. These rumors come just a few weeks after Lionsgate posted its best profit in over a decade, meaning that improved performance might now attract strategic buyers.
Alibaba Stock Just Got Apple's Biggest AI Endorsement. This Could Be a Game Changer for BABA.
Elon Musk Says If ***** eX Accomplishes Its Goals, 'It Will Be Worth More Than The Rest of Earth' — Though He's Also Said 'Money Will Stop Being Relevant'
AI Bubble Fears, Earnings and Other Can't Miss Items this Week

Sable Offshore Corp. (NYSE:SOC) is one of the 10 best stocks under $10 that could triple.
On July 6, Lloyd Byrne from Jefferies reduced Sable Offshore Corp.'s (NYSE:SOC) price target from $24 to $11. Despite such a huge downward adjustment, the price target still results in an upside potential of over 180%.
Pixabay/Public Domain
The ****** yst maintained a Buy rating on the stock despite some recent challenges, such as the dilution for current equity holders caused by the recent convertible notes offering. The offering was executed amid the company's failure to attain government support.
Earlier on July 1, Sable Offshore Corp. (NYSE:SOC) shared details around the company's recent public offerings. These involved 32,467,533 common shares, priced at $3.08 per share, and the issuance of 6.5% convertible senior notes with a $300 million principal amount due in 2031.