Alpha Teknova (NASDAQ:TKNO) said on Friday that it was announcing a private placement of up to 12.39 million units at $1.24 per unit, for expected gross proceeds of approximately $15.4 million. The company intends to use the net proceeds from the private placement for general corporate purposes. The financing is expectedContinue Reading
Jones Soda (OTCQB:JSDA) on Wednesday announced a private placement of up to 7.5 million units at $0.40 per unit, for total gross proceeds of $3 million. Each unit will consist of one common share in the capital of the company and one-half of one detachable share purchase warrant. Each wholeContinue Reading
IDEAYA Biosciences (NASDAQ:IDYA) said Monday it has priced an underwritten public offering of shares and warrants to raise about $263 million. The company plans to offer 7.3 million shares of common stock at $35 per share and pre-funded warrants to purchase 285,715 shares of common stock at $34.9999 a piece.Continue Reading
blackred ADRs of Immuron Limited (NASDAQ:IMRN) traded lower in the premarket on Wednesday after the Australian biotech announced plans to raise up to about $2M in funding through an at-the-market (ATM) equity offering. ATM programs allow listed companies to raise capital at existing market prices. Unlike traditional secondary offerings, whereContinue Reading
Analysts at Argus Research have raised their full-year profit forecast for Netflix (NASDAQ:NFLX) after being encouraged by the company’s move into live sports programming with the NFL game streaming deal and for trying out new experiential initiatives to retain and/or grow its customer base. Argus has raised its 2024 EPSContinue Reading
SCM Jeans Minutes of the Reserve Bank of Australia’s June policy meeting minutes revealed that policymakers stressed the need to remain vigilant about upside risks to inflation, adding that a material rise in prices could require significantly higher rates. The board is ready to raise rates if “inflation expectations” change.Continue Reading
Panama7/iStock Editorial via Getty Images Eni (NYSE:E) is looking to raise more than €4B (~$4.3B) from disposals in its global upstream business, as part of a broader strategy of selling €8B in assets over the next three years, Bloomberg reported Monday. The dual approach drawn up by CEO Claudio DescalziContinue Reading
Nexalin Technology (NASDAQ:NXL) announces the pricing of a public offering of 3 million shares of common stock at $1.75. The gross proceeds from the offering are expected to be approximately $5.25 million. The offering is expected to close on July 1, 2024. NXL stock fell 3.1% to $2.87 after-hours on Thursday. More onContinue Reading
Justin Sullivan/Getty Images News Former U.S. President Donald Trump at Thursday’s televised debate said that his plan for blanket tariffs would not drive consumer prices higher, while incumbent leader Joe Biden claimed that the proposal could cost the average American $2.5K or more. The imposition of tariffs by Trump, especiallyContinue Reading
Spencer Platt/Getty Images News Samsung Electronics’ (OTCPK:SSNLF) will raise the prices of DRAM for servers and NAND flash products for companies by 15% to 20% in the third quarter, Maeil Business Newspaper reported. The South Korean company is expected to improve its performance in the second half of the yearContinue Reading
