News

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

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

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

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