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PRPO

Precipio

$0.51

0.006 (1.19%)

08:44
03/13/18
03/13
08:44
03/13/18
08:44

Precipio settles lawsuit with Crede Capital

Precipio announced it has settled its lawsuit with Crede Capital Group, restructuring the final substantial liability of legacy payables inherited as part of the merger with Transgenomic in June 2017. These liabilities have been reduced from approximately $19M at the merger, to approximately $7M. As part of the settlement, Precipio will pay to Crede a total of $1.925M over a period of 15 months, with most payments payable at Precipio's option either in cash, stock, or as a combination of both. With this settlement, close to 95% of the $19M in legacy liabilities inherited as part of the merger with Transgenomic in June 2017 will have been settled. Prior to the merger, Transgenomic had in excess of $19M in legacy liabilities, which was owed to approximately 300 creditors. Because the merger was executed as a stock swap, the $19M of liabilities comprised the largest portion of the purchase price of Transgenomic, which was assumed by the surviving entity, Precipio. Following considerable negotiation, the predominance of the debt has been restructured with a remaining balance of approximately $7M, a substantial portion of which will be paid over the next four years.

TODAY'S FREE FLY STORIES

IAC

IAC

$177.17

1.91 (1.09%)

16:39
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Initiation
IAC initiated  »

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TWTR

Twitter

$33.73

0.31 (0.93%)

16:37
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Twitter initiates IOS update giving timeline feed chronological order feature »

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TRMD

TORM A/S

$7.15

(0.00%)

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Syndicate
Breaking Syndicate news story on TORM A/S »

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SAGE

Sage Therapeutics

$98.74

-3.03 (-2.98%)

16:37
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Syndicate
Breaking Syndicate news story on Sage Therapeutics »

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OSUR

OraSure

$11.35

-0.17 (-1.48%)

16:36
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16:36
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Syndicate
Breaking Syndicate news story on OraSure »

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ADX

Adams Express

$12.81

-0.03 (-0.23%)

16:35
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Adams Diversified Equity Fund authorizes repurchase of up to 5% of common stock »

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JBL

Jabil

$22.21

0.65 (3.01%)

16:35
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Hot Stocks
Jabil up 11% after Q1 results beat estimates, strong Q2 revenue guidance »

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  • 18

    Dec

JCS

Communications Systems

$2.30

-0.025 (-1.08%)

16:33
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Hot Stocks
Communications Systems initiates restructure »

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SNY

Sanofi

$43.21

-0.38 (-0.87%)

16:32
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Hot Stocks
Sanofi to transfer listing to Nasdaq from NYSE »

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GNK

Genco Shipping

$7.90

0.06 (0.77%)

16:32
12/18/18
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Hot Stocks
Genco Shipping names Robert Hughes as new COO effective January 22nd »

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CAG

Conagra Brands

$28.56

-0.46 (-1.59%)

16:32
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Hot Stocks
Conagra Brands to divest the Wesson oil brand »

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  • 20

    Dec

JBGS

JBG Smith Properties

$36.42

0.05 (0.14%)

16:31
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16:31
Hot Stocks
JBG Smith Properties declares special cash dividend of 10c per share »

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LLL

L3 Technologies

$184.11

-4.02 (-2.14%)

16:31
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Hot Stocks
L3 Technologies awarded $350M U.S. Air Force contract »

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ADMS

Adamas Pharmaceuticals

$8.11

-0.67 (-7.63%)

16:31
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Hot Stocks
Adamas announces issuance of new U.S. patent covering GOCOVRI »

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SURF

Surface Oncology

$7.35

-0.44 (-5.65%)

16:30
12/18/18
12/18
16:30
12/18/18
16:30
Hot Stocks
Breaking Hot Stocks news story on Surface Oncology »

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16:30
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Options
Preliminary option volume of 21.5M today »

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UPS

UPS

$97.25

0.33 (0.34%)

, FDX

FedEx

$185.01

2.81 (1.54%)

16:28
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Hot Stocks
FedEx falls after FY19 guidance cut to $15.50-$16.50 from $17.20-$17.80 »

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UPS

UPS

$97.25

0.33 (0.34%)

FDX

FedEx

$185.01

2.81 (1.54%)

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  • 18

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ALKS

Alkermes

$31.83

-1.125 (-3.41%)

16:27
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Downgrade
Goldman downgrades Alkermes to Sell ahead of potential schizophrenia launch »

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CBS

CBS

$46.21

-0.6 (-1.28%)

, ORCL

Oracle

$45.82

0.1 (0.22%)

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On The Fly
Fly Intel: Wall Street's top stories for Tuesday »

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CBS

CBS

$46.21

-0.6 (-1.28%)

ORCL

Oracle

$45.82

0.1 (0.22%)

JNJ

Johnson & Johnson

$130.38

1.27 (0.98%)

BA

Boeing

$328.26

11.88 (3.76%)

QCOM

Qualcomm

$57.77

0.78 (1.37%)

AAPL

Apple

$165.81

1.76 (1.07%)

TLRY

Tilray

$76.77

10.88 (16.51%)

NVS

Novartis

$85.40

-0.4 (-0.47%)

NAV

Navistar

$27.59

3.75 (15.73%)

APHA

Aphria

$5.86

0.42 (7.72%)

RCII

Rent-A-Center

$13.02

-1.43 (-9.90%)

LXFR

Luxfer

$18.76

-2.66 (-12.42%)

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LLY

Eli Lilly

$106.56

-1.8 (-1.66%)

, ADRO

Aduro Biotech

$2.49

-0.14 (-5.32%)

16:23
12/18/18
12/18
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12/18/18
16:23
Hot Stocks
Eli Lilly, Aduro announce research collaboration for immunotherapy development »

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LLY

Eli Lilly

$106.56

-1.8 (-1.66%)

ADRO

Aduro Biotech

$2.49

-0.14 (-5.32%)

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  • 19

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MDU

MDU Resources

$24.80

-0.39 (-1.55%)

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Hot Stocks
MDU Resources reports record November backlog of $1.6B »

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FB

Facebook

$143.64

3.33 (2.37%)

, TWTR

Twitter

$33.73

0.31 (0.93%)

16:22
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16:22
Hot Stocks
Trump claims Facebook, Twitter, Google 'so biased' towards Democrats »

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FB

Facebook

$143.64

3.33 (2.37%)

TWTR

Twitter

$33.73

0.31 (0.93%)

GOOG

Alphabet

$1,028.79

11.19 (1.10%)

GOOGL

Alphabet Class A

$1,043.31

16.77 (1.63%)

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  • 03

    Mar

WIN

Windstream

$2.69

0.15 (5.91%)

16:21
12/18/18
12/18
16:21
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16:21
Hot Stocks
Windstream sells fiber assets to Arvig in $49.5M cash deal, to sell $11M more »

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MDR

McDermott

$6.68

-0.43 (-6.05%)

16:20
12/18/18
12/18
16:20
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16:20
Hot Stocks
McDermott signs a lease for new headquarters »

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VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

16:20
12/18/18
12/18
16:20
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16:20
Options
Closing CBOE SPX and VIX Index summary for December 18th »

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