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GCT Semiconductor Faces Scrutiny Over 5G Ramp-Up and Cash Concerns
TD Securities reveals a 4.6% beneficial ownership in GCT Semiconductor, primarily via deep out-of-the-money warrants. The company's 5G chipset shipments rose 58% but revenue remains modest, and liquidity concerns persist.
Tonix Pharma Surges on Promising Lyme Antibody Data; Phase 2 Trial Eyed for 2027
Tonix Pharmaceuticals shares rose after new Phase 1 modeling data for its Lyme antibody TNX-4800 showed six-month protection with two doses. A Phase 2 trial is targeted for 2027.
AXT Reschedules Annual Meeting After Quorum Failure
AXT adjourned its 2026 annual meeting after failing to reach a quorum, rescheduling for June 4. The company seeks shareholder approval to raise authorized shares.
Hyperscale Data Surges on $5M Tender Offer; 10-Q Filing in Focus
Hyperscale Data (GPUS) jumps on $5M tender offer at $0.21/share, as Q1 preliminary results show $44M revenue and $30M net loss. The delayed 10-Q filing is the next catalyst.
Lululemon CEO O'Neill Aims to Counter Skepticism as Proxy Fight Intensifies
Lululemon shares slipped 1.6% as incoming CEO Heidi O'Neill dismissed underestimation claims, while founder Chip Wilson escalates a proxy fight for board seats ahead of the June meeting.
Ballard Power Surges as Weichai Stake Reduction Triggers Board Resignations
Ballard Power Systems shares jumped 8.5% after Weichai reduced its stake below 15%, triggering board changes. Q1 revenue rose 26% to $19.4 million.
Atlassian Shares Surge on AI Optimism After Figma's Bullish Forecast
Atlassian shares rose 7% Friday, buoyed by renewed AI optimism in software after Figma raised its revenue forecast, highlighting the potential for AI to drive expansion.
P3 Health Partners Soars 200% After First Profit, Lifts 2026 Forecast
P3 Health Partners shares surged over 200% to $13 after posting its first quarterly profit and raising its 2026 adjusted EBITDA outlook. Net income reached $3 million, reversing a $44.2 million loss a year earlier.
