Information Provided By:
Fly News Breaks for September 4, 2018
SKY, VCNX, AMAL, ZAYO, ROKU
Sep 4, 2018 | 10:29 EDT
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Roku (ROKU) initiated with a Buy at Guggenheim. 2. Zayo Group (ZAYO) initiated with a Buy at Jefferies. 3. Amalgamated Bank (AMAL) initiated with an Overweight at JPMorgan, a Buy at Sandler O'Neill, a Market Perform at Keefe Bruyette, and a Neutral at Piper Jaffray. 4. Vaccinex (VCNX) initiated with an Outperform at Oppenheimer and a Buy at BTIG. 5. Skyline (SKY) initiated with a Hold at SunTrust. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
News For ROKU;ZAYO;AMAL;VCNX;SKY From the Last 2 Days
VCNX
Mar 27, 2024 | 08:36 EDT
Vaccinex entered into definitive agreements with certain institutional investors for the purchase and sale of 193,000 shares of its common stock in a registered direct offering together with warrants to purchase up to an aggregate of 193,000 shares of common stock in a concurrent private placement priced at-the-market under Nasdaq rules at a combined purchase price of $7.77 per share and accompanying warrant. The warrants will have an exercise price of $7.64 per share, will be immediately exercisable upon issuance and will expire 5 years from the initial exercise date. The registered direct offering and concurrent private placement are referred to herein as the "Transactions." The closing of the Transactions is expected to occur on or about March 28, 2024, subject to the satisfaction of customary closing conditions. The gross proceeds from the Transactions are expected to be approximately $1.5 million, before deducting financial advisory fees and other estimated expenses related to the Transactions. The Company intends to use the net proceeds from the Transactions for working capital and general corporate purposes. The Company has also agreed to sell $1.1 million and up to $1.25 million in a separate private placement of common stock together with warrants to purchase shares of the Company's common stock at the same combined purchase price as the Transactions. The closing of this transaction is also expected to occur on or about March 28, 2024. The private placement of the warrants and the separate private placement of common stock together with warrants are being made in reliance on an exemption from registration under Section 4(a)(2) of the Securities Act and/or Regulation D thereunder.