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CarMax Reacts Swiftly After Earnings Miss With $1.25B Bond Sale: Report
CarMax reportedly reacts swiftly to earnings miss with a $1.25B bond sale, aiming to address investor concerns. Mitsubishi UFJ Financial Group oversees the deal, anticipated to rise to $1.6 billion.
Eliem Therapeutics Shifts From Neurology With New Found Focus On Autoimmune Diseases With Tenet Medicines Deal
Eliem Therapeutics will acquire Tenet Medicines, focusing on advancing TNT119, an anti-CD19 antibody for autoimmune diseases. Strategic alternatives explored. $120 million private placement. Acquisition expected mid-2024.
Why Metal 3D Printing Technology Company Velo3D Shares Are Tumbling Today
Velo3D shares drop after announcing $12 million public offering of stock and warrants. To be used for working capital and debt repayment.
Why SoundHound AI Stock Is Moving Lower Wednesday
In a new regulatory filing, SoundHound said it entered into an equity distribution agreement in which the company may offer and sell up to $150 million of its Class A common stock from time to time in an at-the-market equity program.
Protara Therapeutics Shares Interim Data From Bladder Cancer Study, Raises $45M Via Equity
Explore TARA-002's data in NMIBC treatment. Discover findings from three trials, including response rates, adverse events, and future plans. Stay updated on Protara Therapeutics' advancements in cancer therapy and FDA alignment for Choline Chloride.
What's Going On With Signet Jewelers Stock Today?
Signet Jewelers Ltd (NYSE:SIG) and Leonard Green & Partners, L.P. announce a significant strategic move, amending Series A Convertible Preference Shares to net share settlement and repurchasing half of the Preferred Shares. CEO Virginia C. Drosos emphasizes the company's robust performance, marked by double-digit revenue growth, enhanced gross margins, and a substantial increase in non-GAAP diluted earnings per share, along with significant returns to shareholders.
Why Is Regenerative Medicine-Focused Surrozen Stock Trading Lower On Monday?
Surrozen engages in a private placement, aiming to raise approximately $192.5 million in gross proceeds. Updates on SZN-043 Phase 1a trial reveal promising safety, tolerability, and effects on liver function.
Canadian Cannabis Giant Sets Stage For Growth With $18.5M Public Offering
Discover OrganiGram's strategic $25M public offering aimed at fueling growth and shaping the future of the cannabis industry.
AMC Entertainment Stock Is Tumbling Thursday: What's Going On?
AMC shares are trading lower Thursday after the company announced an offering. The company entered into an equity distribution agreement to sell up to $250 million of its common stock from time to time in an at-the-market offering.
Why Bowman Consulting Shares Are Plunging Today
Bowman Consulting prices public offering at $34.00 per share, 14% below March 26 closing. Company to sell 1.32 million shares, with additional option. Gross proceeds estimated at $45.0 million to be used for expansion, acquisitions, and debt repayment.
Renault To Offload 2.5% Of Nissan Stake: Details
Renault SA (OTC: RNLSY) revealed a second transaction with its intention to sell to Nissan Motor up to 100.24 million Nissan shares, representing approximately 2.5% of Nissan's capital. This transaction follows the sale of Nissan shares on December 13, 2023.
What's Going On With Plug Power Shares Wednesday?
Plug Power issues $140.396 million in convertible senior notes, with $58.5 million of 2025 notes remaining outstanding.
What's Going On With Stoke Therapeutics Stock Tuesday?
After the market close on Tuesday, Stoke Therapeutics announced a proposed underwritten public offering of up to $75 million of its common stock. The company also intends to grant the underwriters a 30-day window to purchase up to an additional 15% of the shares in the public offering.
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