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Pre-opened inventory transfers
Novan, Inc. (Nasdaq: NOVN) 30% LOWER; announced that it has filed a certificate of amendment to the company’s updated certificate of incorporation in order to implement a reverse split of one for ten of its issued and outstanding common shares (the reverse stock split). The reverse stock split will be effective at 5:00 p.m. Eastern time on May 25, 2021, and the company’s common shares are expected to begin trading on a split-adjusted basis when the market opens. May 26, 2021.
Pieris Pharma (NASDAQ: PIRS) 21.6% HIGHER; Collaboration and licensing agreement with Genentech, which includes $ 20 million as an upfront payment and is eligible to receive over $ 1.4 billion in potential additional milestone payments plus royalties.
Adamis Pharmaceuticals (NASDAQ: ADMP) 17% LOWER; revealed that each of the Company and its US subsidiary Compounding Inc. have received a subpoena from the grand jury of the US Attorney’s Office for the Southern District of New York in connection with a criminal investigation, requesting a wide range of documents and documents relating to, among other matters, certain veterinary products sold by the Company’s USC subsidiary, certain practices, agreements and arrangements relating to products sold by USC, including veterinary products, and certain regulatory and other matters relating to the Society and USC
The Joint Corp. (NASDAQ: JYNT) 11% HIGHER; will replace Cubic Corp. (NYSE: CUB) in the S&P SmallCap 600
SOC Telemed, Inc. (NASDAQ: TLMD) 10% LOWER; announced that it had launched a public offering subscribed for 8,000,000 shares of its Class A ordinary shares.
Ault Global Holdings (NYSE: DPW) 9.4% HIGHER; reported Q1 EPS of $ 0.05, up from ($ 1.44) last year. Revenue for the quarter was $ 13.2 million, compared to $ 5.6 million last year.
Go to Life Sciences, Inc. (NASDAQ: ACHV) 9% LOWER; has announced a proposed public subscription offering in which it intends to offer and sell shares of its ordinary shares.
Lordstown Motors (NASDAQ: RIDE) 8.4% LOWER; reported first-quarter EPS of ($ 0.72), which was $ 0.44 lower than analysts’ estimate of ($ 0.28).
Shake Shack Inc. (NYSE: SHAK) 7.3% HIGHER; improved at Goldman Sachs and Wedbush
Scholar Rock (NASDAQ: SRRK) 5.9% HIGHER; announced that the United States Food and Drug Administration (FDA) has granted Fast Track designation for apitegromab, a selective myostatin activation inhibitor, for the treatment of patients with spinal muscular atrophy (SMA) .
Hydrofarm Holdings Group, Inc. (Nasdaq: HYFM) 5% HIGHER; has entered into an agreement to acquire House & Garden, Inc., Humboldt Wholesale, Inc., Allied Imports & Logistics, Inc. and South Coast Horticultural Supply, Inc. (collectively House & Garden), a producer based in Humboldt County, in California of quality nutrients under the House & Garden and Mad Farmer brands. This announcement follows the recent acquisition of Hydrofarms from nutrient maker HEAVY 16 as the company accelerates its acquisition strategy.
Nordson Corp. (NASDAQ: NDSN) 4.7% HIGHER; reported Q2 EPS of $ 2.12, $ 0.48 higher than analysts’ estimate of $ 1.64. Revenue for the quarter was $ 590 million against the consensus estimate of $ 547.98 million. Nordson Corp. sees FY2021 EPS of $ 7.20 to $ 7.50, versus consensus of $ 6.62.
Oak Street Health, Inc. (NYSE: OSH) 4% LOWER; announced the launch of a public offering subscribed for 10,000,000 shares of its ordinary shares by certain selling shareholders.
Thryv Holdings, Inc. (NASDAQ: THRY) 4% LOWER; announced that certain shareholders of the Company intend to offer for sale as part of a subscribed secondary offer 3,500,000 ordinary shares of the Company.
AZEK Inc. (NYSE: AZEK) 3.8% LOWER; today announced the launch of a public offering subscribed for 15,000,000 shares of its Class A ordinary shares to be offered by certain of its selling shareholders
Petco Health and Wellness Company, Inc. (NASDAQ: WOOF) 3.8% LOWER; announced that the company’s principal shareholder, Scooby Aggregator, LP, intends to offer for sale 22,000,000 Class A common shares of the company as part of a subscribed offer.
GrafTech International Ltd. (NYSE: EAF) 3.5% LOWER; announced that a subsidiary of Brookfield Asset Management Inc. and Brookfield Business Partners LP, members of the Brookfield consortium which owns an existing stake in GrafTech, intends, subject to market conditions, to offer 20,000,000 common shares of GrafTech as part of a subscribed secondary offer.
United Airlines (NASDAQ: UAL) 2.8% HIGHER; revealed that it experienced an acceleration in note yields for the second quarter, ahead of previous expectations.