Breaking News

Yesterday
Show Full Stories

X

To view all stories in expanded form, please subscribe.
Send Info
Hot Stocks
Monaker Group set to join Russell Microcap Index » 09:17
06/16/21
06/16
09:17
06/16/21
09:17
MKGI

Monaker Group

$2.32 /

-0.09 (-3.73%)

Monaker Group reported…

Monaker Group reported today that it is set to join the Russell Microcap Index at the conclusion of the 2021 Russell indexes annual reconstitution, effective after the U.S. market opens on Monday, June 28, according to a preliminary list of additions posted by Russell on June 4.

ShowHide Related Items >><<
MKGI Monaker Group
$2.32 /

-0.09 (-3.73%)

  • 14
    May
  • 29
    Dec
MKGI Monaker Group
$2.32 /

-0.09 (-3.73%)

Hot Stocks
Assure Holdings reports record number monthly procedures, appoints CIO » 08:38
06/16/21
06/16
08:38
06/16/21
08:38
ARHH

Assure Holdings

$1.48 /

-0.02 (-1.33%)

Assure Holdings announced…

Assure Holdings announced its highest ever number of monthly procedures during May 2021. "The Company reported our highest number of monthly procedures in May, managing over 1,400 cases," said John Farlinger, Assure's executive chairman and CEO. "I am pleased to report particular strength in our largest market, Texas, driven by the recent acquisition of Sentry Neuromonitoring. In addition, Assure's monthly procedure total benefitted from the Company's launch of professional neurology services for IONM which boosted our number of cases performed." Assure has appointed Jerod Powell to the newly created chief information officer position. Powell will be a member of Assure's leadership team overseeing automation, security, data management, risk and privacy. Powell has over 20 years of experience in cloud computing, digital transformation, process optimization and organizational development. He specializes in crafting and delivering customized solutions designed to support organizations through rapid growth and market share expansion.

ShowHide Related Items >><<
ARHH Assure Holdings
$1.48 /

-0.02 (-1.33%)

ARHH Assure Holdings
$1.48 /

-0.02 (-1.33%)

Hot Stocks
MDC Partners postpones special shareholder meeting to evaluate revised offer » 08:05
06/16/21
06/16
08:05
06/16/21
08:05
MDCA

MDC Partners

$5.25 /

-0.4 (-7.08%)

MDC Partners intends to…

MDC Partners intends to postpone or adjourn, without conducting any other business, the special meeting of shareholders scheduled to occur on June 22 to approve the proposed business combination involving MDC and Stagwell Media. The delay is intended to provide time for the MDC Special Committee to evaluate the revised offer made by Stagwell on June 12, which proposed certain amendments to the transaction agreement entered into on December 21, 2020. There can be no assurance that the revised Stagwell proposal will result in amendments to the Transaction Agreement or that the Transaction will be consummated on the terms set forth in the revised Stagwell proposal. The new time and date for the Special Meeting is expected to be announced shortly. The timing of the annual general meeting of shareholders of MDC is not impacted by the rescheduling of the Special Meeting. The Annual Meeting will still be held virtually on June 22.

ShowHide Related Items >><<
MDCA MDC Partners
$5.25 /

-0.4 (-7.08%)

MDCA MDC Partners
$5.25 /

-0.4 (-7.08%)

Tuesday
Hot Stocks
PCTEL receives FCC certification for IoT Access Point » 09:16
06/15/21
06/15
09:16
06/15/21
09:16
PCTI

PCTEL

$7.09 /

+0.43 (+6.46%)

PCTEL announced receipt…

PCTEL announced receipt of certification from the Federal Communications Commission, or FCC, for their industrial grade IoT Access Point.

ShowHide Related Items >><<
PCTI PCTEL
$7.09 /

+0.43 (+6.46%)

PCTI PCTEL
$7.09 /

+0.43 (+6.46%)

02/19/21 B. Riley
PCTEL price target raised to $10.50 from $8 at B. Riley Securities
Monday
Hot Stocks
Indaba Capital says Stagwell's revised offer 'inadequate' » 17:27
06/14/21
06/14
17:27
06/14/21
17:27
MDCA

MDC Partners

$5.62 /

+0.03 (+0.54%)

Indaba Capital…

Indaba Capital Management, which is the largest independent shareholder of MDC Partners, issued the below statement regarding the company's prospective merger with Stagwell Media. After reviewing the revised offer issued by Stagwell on June 14, Indaba plans to VOTE AGAINST the combination. Derek Schrier, Managing Partner of Indaba, commented: "Indaba believes that Stagwell's revised offer - which follows its purported best-and-final offer last week - is inadequate. In our view, this highly-caveated revised offer fails to provide MDC's shareholders with fair consideration. It appears the market shares our view based on the fact that MDC's share price moved no more than the NASDAQ today. Although Stagwell contends that it has consulted with major shareholders regarding its new offer, we have not heard from Mr. Penn, his representatives or MDC's Special Committee for more than three weeks. We consider Stagwell's apparent disregard for our feedback and views to be a major red flag in the area of corporate governance. After all, Indaba is MDC's largest independent shareholder and a long-term investor. It is important to underscore that the unsolicited feedback we have received from our fellow shareholders paints a different picture than the one Stagwell shared today. Large shareholders seem to share our concerns regarding the conflicts and fire sale terms hanging over this deal. It is not lost on them that Mr. Penn stands to benefit greatly from a transaction that deprives shareholders of fair value. We believe many shareholders support the proposed combination. With this context in mind, we contend that even supportive shareholders want to be fairly compensated beyond the 30% share consideration proposed today. If Stagwell wants to come to the table and have a good faith discussion with us, we would be willing to work towards a mutually-agreeable resolution and consider signing a voting agreement. But we will not vote to support a transaction that includes unreasonable and unfair terms."

ShowHide Related Items >><<
MDCA MDC Partners
$5.62 /

+0.03 (+0.54%)

MDCA MDC Partners
$5.62 /

+0.03 (+0.54%)

Syndicate
Energy Focus announces $5M registered direct offering » 13:15
06/14/21
06/14
13:15
06/14/21
13:15
EFOI

Energy Focus

$5.60 /

+0.47 (+9.16%)

Energy Focus announced…

Energy Focus announced that it has entered into definitive securities purchase agreements with certain institutional investors for the issuance and sale of 990,100 shares of the company's common stock, at a purchase price of $5.05 per share, in a registered direct offering priced at-the-market under the rules of The Nasdaq Stock Market. The closing of the sale of the securities is expected to occur on or about June 16, 2021, subject to the satisfaction of customary closing conditions. H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering. The gross proceeds to the company are expected to be approximately $5M, before deducting placement agent fees and other offering expenses. Energy Focus currently intends to use the net proceeds from the offering for general corporate purposes, and may use up to 50% of the net proceeds from the offering to reduce the balance of an outstanding promissory note.

ShowHide Related Items >><<
EFOI Energy Focus
$5.60 /

+0.47 (+9.16%)

EFOI Energy Focus
$5.60 /

+0.47 (+9.16%)

Recommendations
Apollo Endosurgery's MERIT study achieves primary endpoints, says Craig-Hallum » 12:54
06/14/21
06/14
12:54
06/14/21
12:54
APEN

Apollo Endosurgery

$8.64 /

+0.84 (+10.77%)

Craig-Hallum analyst Matt…

Craig-Hallum analyst Matt Hewitt reiterates a Buy rating and $14 price target on Apollo Endosurgery after the company announced that the MERIT study has achieved its primary endpoints. Hewitt tells investors in a research note that this is a key milestone for Apollo and the obesity market as a whole, and feels the OverStitch ESG procedure fills a clear gap in the market and should be able to garner significant adoption once it is reimbursed.

ShowHide Related Items >><<
APEN Apollo Endosurgery
$8.64 /

+0.84 (+10.77%)

APEN Apollo Endosurgery
$8.64 /

+0.84 (+10.77%)

06/14/21 Piper Sandler
Apollo Endosurgery price target raised to $11 from $9 at Piper Sandler
05/24/21 Piper Sandler
Apollo Endosurgery price target raised to $9 from $8.50 at Piper Sandler
05/17/21 Lake Street
Apollo Endosurgery initiated with a Buy at Lake Street
05/05/21 Piper Sandler
Apollo Endosurgery guidance looks 'highly conservative,' says Piper Sandler
APEN Apollo Endosurgery
$8.64 /

+0.84 (+10.77%)

Recommendations
Apollo Endosurgery price target raised to $11 from $9 at Piper Sandler » 09:48
06/14/21
06/14
09:48
06/14/21
09:48
APEN

Apollo Endosurgery

$7.93 /

+0.13 (+1.67%)

Piper Sandler analyst…

Piper Sandler analyst Adam Maeder raised the firm's price target on Apollo Endosurgery to $11 from $9 and keeps an Overweight rating on the shares. On Monday, Apollo announced that the investigators of its MERIT study reported that the study met its primary efficacy and safety endpoints, and while detailed data was not provided, Maeder thinks the update should be positively received as it essentially removes any potential clinical risk associated with MERIT study, the analyst tells investors in a research note.

ShowHide Related Items >><<
APEN Apollo Endosurgery
$7.93 /

+0.13 (+1.67%)

APEN Apollo Endosurgery
$7.93 /

+0.13 (+1.67%)

05/24/21 Piper Sandler
Apollo Endosurgery price target raised to $9 from $8.50 at Piper Sandler
05/17/21 Lake Street
Apollo Endosurgery initiated with a Buy at Lake Street
05/05/21 Piper Sandler
Apollo Endosurgery guidance looks 'highly conservative,' says Piper Sandler
03/22/21 Piper Sandler
Apollo Endosurgery price target raised to $8 from $7 at Piper Sandler
APEN Apollo Endosurgery
$7.93 /

+0.13 (+1.67%)

Hot Stocks
Hill to provide owner's project management services for public safety building » 08:27
06/14/21
06/14
08:27
06/14/21
08:27
HIL

Hill International

$2.58 /

+ (+0.00%)

Hill International…

Hill International announced it was selected by the Town of Hingham, MA, to provide owner's project management services for the Town's New Public Safety Building. Following a feasibility study prepared in 2020, the Town moved forward with the schematic design of a new facility to contain the Town's police headquarters building and the North Fire Station. The project involves the planning, design, and construction of the facility. Hill will provide the owner with a full range of project management services from design through close-out. The project is forecasted to conclude in 2024. "Our project team is a group of talented professionals, all very familiar with public building projects," says Peter Martini, Hill's First Vice President of New England Operations. "They know how to help public owners navigate construction conditions, whether that involves putting together a project charter that meets the needs of all stakeholders or helping police and fire agencies maintain their life-saving operations during construction. We look forward to supporting the Town and helping bring about their vision for the New Public Safety Building."

ShowHide Related Items >><<
HIL Hill International
$2.58 /

+ (+0.00%)

Hot Stocks
Stagwell Media improves offer to combine digital businesses with MDC Partners » 08:22
06/14/21
06/14
08:22
06/14/21
08:22
MDCA

MDC Partners

$5.58 /

+0.26 (+4.89%)

Stagwell Media announced…

Stagwell Media announced that it has provided the special committee of MDC Partners with an improved final offer to combine the digital businesses of Stagwell with MDC Partners. The revised offer provides that Stagwell would receive 185M shares of MDC at the closing of the transaction, which is a reduction of 31M shares from the original transaction that was recommended by the special committee and announced on December 21, 2020. Stagwell Media said, "After suggesting a potential revised offer on June 6, we went through a process of consulting with major shareholders and believe, based on those discussions, we are now in alignment with major holders; this should enable the Special Committee expeditiously to assess and approve the Revised Offer, amend the Approved Transaction and reschedule the MDC shareholder meeting for July. Since Stagwell first announced its proposed combination with MDC approximately one year ago, MDC's stock has risen from $1.15 per share to $5.58 per share at the close on Friday, far outpacing the market and MDC's peers, indicating a strong reception for the combination. At the current stock price, the transaction values MDC at 8.1x 2021 estimated Adjusted EBITDA, a premium to the multiple of peer companies when taking into account MDC's higher leverage, greater revenue declines, lower digital services mix, smaller scale, limited liquidity and troubled history. Stagwell has grown substantially on the top and bottom lines quarter-to-date over the same period in 2020."

ShowHide Related Items >><<
MDCA MDC Partners
$5.58 /

+0.26 (+4.89%)

MDCA MDC Partners
$5.58 /

+0.26 (+4.89%)

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.