SAP SE (NYSE: SAP) announced the successful completion of its acquisition of WalkMe Ltd., a company renowned for its digital adoption platform (DAP) technology. WalkMe Ltd., listed on the Nasdaq Global Select Market (NASDAQ: WKME), has now been integrated into SAP’s operations in a move designed to strengthen its ability to streamline digital transformation processes […]
Achilles Therapeutics PLC saw its American Depositary Receipts (ADRs) soar by an impressive 32%, reflecting renewed investor optimism following the company’s recent announcement of stringent cost-cutting measures. This move, which comes at a time of financial strain for many biotech companies, highlights Achilles’ commitment to securing its financial future while advancing its cutting-edge cancer therapies. […]
Cibus Inc., an agricultural biotechnology company specialising in gene editing, saw its shares tumble after announcing an underwritten public offering of its Class A common stock. On 17 September 2024, Cibus made public its intention to raise capital through this offering, leading to a sharp 1.75% decline in its share price to around $5.06 on […]
Shares of Netcapital Inc., a digital private capital markets ecosystem, nosedived after the company reported a dramatic 91% fall in revenue for the first quarter of fiscal year 2025. The Boston-based fintech firm’s revenue plummeted to $142,227 from $1.52 million in the same period the previous year, triggering a wave of concern among investors and […]
Shares of biopharmaceutical company Exicure Inc. skyrocketed by 78% in after-hours trading, closing at $2.84. The surge came after Exicure announced a significant debt-for-equity exchange with two holders of promissory notes. This financial maneuver aims to stabilise the company’s precarious financial standing amid growing uncertainties. Exicure converts debt to equity amid financial turmoil Exicure Inc., […]
Centessa Pharmaceuticals has experienced a substantial rise in its share price after completing an upsized public offering of American Depositary Shares (ADSs). The company, listed on Nasdaq, announced on 12 September 2024 that it successfully priced 15,254,237 ADSs at $14.75 per share, generating gross proceeds of approximately $225 million. This announcement has sparked considerable market […]
Lovesac, the innovative home furnishing company known for its unique modular furniture, saw its shares soar by 25% following the release of its second-quarter fiscal 2025 earnings report. The company’s unexpected performance, which outpaced market expectations, provided a positive jolt to its stock price, driven by a strategic blend of innovation, cost management, and forward-looking […]
ConnectOne Bancorp, Inc. (Nasdaq: CNOB), the parent company of ConnectOne Bank, announced a definitive merger agreement with The First of Long Island Corporation (Nasdaq: FLIC), the parent company of The First National Bank of Long Island. This merger will enable ConnectOne Bancorp to significantly expand its footprint on Long Island and the greater New York […]
Shares of Shoe Carnival Inc. jumped 13% to $42.64 in recent trading after the company reported blockbuster second-quarter earnings for fiscal 2024, driven by a surge in back-to-school sales and a strong performance across key product categories. The stock has almost doubled over the past 52 weeks, reflecting strong investor confidence in the company’s strategic […]
In a significant development within the biopharmaceutical industry, Semnur Pharmaceuticals, Inc. (“Semnur”), a wholly owned subsidiary of Scilex Holding Company (Nasdaq: SCLX, “Scilex”), and Denali Capital Acquisition Corp. (Nasdaq: DECA, “Denali”), a special purpose acquisition company (SPAC), have announced a definitive merger agreement. This proposed business combination is set to value Semnur at approximately $2.5 […]