| Monday | ||||
Latest data shows the… Latest data shows the largest indicative borrow rate increases among liquid option names include: Blink Charging (BLNK) 26.24% +7.79, SOS Limited (SOS) 42.24% +7.23, Clever Leaves (CLVR) 27.81% +1.62, (NGAC) 7.36% +0.69, ContextLogic (WISH) 2.78% +0.49, eMagin (EMAN) 10.24% +0.47, Davids Tea (DTEA) 32.43% +0.44, QIWI (QIWI) 0.75% +0.41, IT Tech Packaging (ITP) 21.03% +0.26, and Qudian (QD) 1.13% +0.23. | ||||
| Thursday | ||||
Maxim acted as sole book… Maxim acted as sole book running manager for the offering. | ||||
| Over a week ago | ||||
IT Tech Packaging… IT Tech Packaging announced it has commenced an underwritten public offering of shares of its common stock and warrants to purchase shares of its common stock. Maxim Group is acting as the sole book-running manager for the offering. | ||||
Latest data shows the… Latest data shows the largest indicative borrow rate increases among liquid option names include: VPC Impact Acquisition Holdings (VIH) 9.11% +4.94, Platinum Group (PLG) 37.67% +2.85, iBio (IBIO) 12.12% +2.15, Sempra Energy (SRE) 1.14% +0.89, Global X Autonomous and Electric Vehicles ETF (DRIV) 9.85% +0.76, Unity Software (U) 4.67% +0.66, (ETWO) 3.53% +0.57, Oramed (ORMP) 10.19% +0.50, IT Tech Packaging (ITP) 18.17% +0.22, and Tyme Technologies (TYME) 4.31% +0.20. | ||||
| Over a month ago | ||||
Maxim acted as sole book… Maxim acted as sole book running manager for the offering. | ||||
IT Tech Packaging… IT Tech Packaging announced it is applying the license for its new single-use surgical masks from local food and drug administration in Hebei province amid strong market demands. The license is expected to be gained at the end of this month. At the meantime, production of its single-use face masks is now in full capacity as the number of confirmed Covid-19 cases surged again and anti-Covid-19 efforts become increasingly normalized globally. Launched in April, 2020, the single-use face mask production line produces 100,000 masks per day with an estimated gross margin of roughly 40%. |
| Over a quarter ago | ||||
IT Tech Packaging's… IT Tech Packaging's operating entity in China, Dongfang Paper, has entered into a letter of intent to acquire 60% equity interest in Baoding Huizhi Ruixing Information Technology, a new technology company with registered capital of RMB10M focused on providing intelligent healthcare IT solutions to hospitals, medical institutions, government agencies, enterprises and public institutions in China. HZRX also focus on utilization of block chain technologies to provide solutions of privacy, encryption, and security in the health care industry. The company will acquire 60% equity interest in HZRX for total cash consideration of between $1.4M-$2.8M, and total equity consideration of 500,000 of the company's restricted common stock. The transaction is subject to a definitive acquisition agreement to be negotiated between the two parties. | ||||
IT Tech Packaging has… IT Tech Packaging has agreed to sell 4.4 million shares of the Company's common stock and issue unregistered warrants to purchase up to an additional 4.4 million shares of the Company's common stock in a concurrent private placement transaction. The warrants will be exercisable commencing six months after the date of issuance at an exercise price of $0.7425 and expire 5.5 years from the date of issuance. The purchase price for one share of common stock and a corresponding warrant is $0.58. Maxim Group LLC is acting as sole placement agent in connection with this offering. | ||||
IT Tech Packaging… IT Tech Packaging announced that it is in the process of launching a production line to produce face masks. Once completed, the company will be able to produce approximately 100,000 face masks per day. The face masks will be distributed by various channels to public and healthcare workers battling the spread of COVID-19. The company has received some orders from several customers. The company expects to begin producing masks in the week of April 20. | ||||