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  • Dec 24, 2024

Psyence Biomedical Regains Nasdaq Compliance, Fortifying Market Position

Psyence Biomedical ( (PBM) ) has provided an announcement. Psyence Biomedical Ltd. has regained compliance with all Nasdaq continued listing requirements after transferring from The Nasdaq Global Market to The Nasdaq Capital Market. This was achieved through a 75-for-1 share consolidation, meeting the $1 minimum bid price requirement. With a debt-free balance sheet and $5.6 million in cash, the company is now well-positioned to advance its business plans and clinical trials, having begun patient

  • Dec 24, 2024

Investcorp Europe Navigates Management Shift and Nasdaq Delisting

Investcorp Europe Acquisition Corp. I Class A ( (IVCB) ) has provided an update. Investcorp Europe Acquisition Corp. I has completed a significant management transition as part of a Sponsor Handover, involving the sale of shares and warrants to Samara Special Opportunities, along with a reshuffle of its board of directors. This transition coincides with a delisting notice from Nasdaq due to the company’s failure to complete an initial business combination within the required timeframe. Despite t

  • Dec 24, 2024

Applied Optoelectronics Financial Strategy and Stock Issuance

Applied Optoelectronics ( (AAOI) ) just unveiled an update. Applied Optoelectronics announced the closure of an exchange agreement, swapping $76.7 million in 2026 Notes for $125 million in 2030 Notes, 1.487 million shares of common stock, and a cash amount covering accrued interest. This move is part of a broader financial strategy to extend the company’s debt maturity and improve financial flexibility by eliminating restrictive covenants from the 2026 Notes. Concurrently, the company conducted

  • Dec 24, 2024

Oil prices rise 1% in thin pre-holiday trade

NEW YORK/LONDON (Reuters) -Oil prices rose more than 1% on Tuesday, reversing the prior session's losses on a brightening short-term outlook tied to the prospect of slightly tightening supplies as trade thinned ahead of the Christmas and Hanukkah holidays. "Given how short the paper market is on positioning, any supply disruption could lead to upward spikes in structure," they added. "The year is ending with the consensus from major agencies over long 2025 liquids balances starting to break down," Neil Crosby, Sparta Commodities' assistant vice president of oil analytics, said in a note.

  • Dec 24, 2024

Emerging-Market Stocks Advance in Final Push for 2024 Gains

(Bloomberg) -- Emerging-market stocks gained for a second day, making a final push for the year on the back of an Asian tech rally and signs that China is gearing up to unleash more stimulus.Most Read from BloombergHo Chi Minh City Opens First Metro Line After Years of DelayThe Architects Who Built MiamiNew York’s Congestion Pricing Plan Still Faces Legal HurdlesMexico City to Boost Mobility, Security Ahead of FIFA World CupMSCI’s benchmark EM equity index closed 0.3% higher Tuesday in thin trad

  • Dec 24, 2024

‘Headwinds Turn to Tailwinds’: Barclays Says It’s Time to Pull the Trigger on These IT Service Stocks

Just in this century, we’ve seen a historic shift in the leading edge of the world’s economy, as it moved from a manufacturing/services base to a more digital/information configuration. The shift, which is analogous to the Industrial Revolution, has been uneven, in both its effects and its distribution, and even in the US, where it is arguably the most advanced, it is incomplete and ongoing. But the important point, for us, is that it has opened new opportunities for investors. Those opportuniti

  • Dec 24, 2024

What's Going On With FREYR Battery Stock On Tuesday?

FREYR Battery, Inc. (NYSE:FREY) shares are trading higher on Tuesday. The company closed its acquisition of Trina Solar's 5 GW solar module manufacturing facility in Wilmer, Texas, announced last month. The transaction includes $100 million in cash, a $50 million loan repayment, a $150 million loan note, and 9.9% of FREYR's stock, with a potential additional 11.5% stake through an $80 million convertible note. FREYR also assumed $235 million in facility debt. The Wilmer, Texas, solar module plan

  • Dec 24, 2024

Dollar edges higher as Fed rates view sets direction

NEW YORK (Reuters) -The dollar edged higher on Tuesday in thin holiday trading as the expected slower path of interest rate cuts from the U.S. Federal Reserve compared with other global central banks continued to command market direction. The greenback has jumped more than 7% since the end of September, powered in part by growing expectations the U.S. economy will see accelerated growth under policies from President-elect Donald Trump, while sticky inflation has dampened expectations on how aggressive the Fed will be in reducing interest rates. Those expectations for the U.S. stand in contrast to growth forecasts and the interest rate views for other global economies and central banks, which have led to expanding interest rate differentials.

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