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Surf Air Mobility Soars on Palantir Deal, Dilution Concerns Loom
Surf Air Mobility shares jumped 17.5% after Palantir expanded their SurfOS partnership, but heavy trading volume and dilution from a stock-for-services deal are key concerns.
New Federal Student Loan Caps and SAVE Delay Set to Reshape Lending Landscape
New federal student loan caps take effect July 1, limiting graduate and parent borrowing, while SAVE plan exits are delayed. Investors watch for shifts to private lending.
MicroStrategy's Bitcoin Sales Approved as NAV Ratio Dips Below 1
MicroStrategy (MSTR) is now authorized to sell bitcoin to support dividends and buybacks, after its enterprise value dropped below the value of its bitcoin holdings. The firm raised its preferred dividend to 12% and set a minimum USD reserve policy.
SoFi Technologies Surges in Premarket on Heavy Trading Volume
SoFi Technologies (SOFI) climbed 1.29% in Monday's premarket, following a surge in trading volume that reached 90.63 million shares on Friday.
Plug Power Faces Key Cash Deadline as Short Interest Swells
Plug Power (PLUG) shares gain 1.6% in premarket ahead of a critical June 30 asset sale deadline, as short interest remains elevated at 25.5% of the public float.
Volato Group Issues Shares at Steep Discount, Dilution Looms
Volato Group is selling 11.04 million shares at $0.165 each, a steep discount to its recent PIPE, raising $1.82 million and diluting existing shareholders by over 53%.
Keel Infrastructure Gains Premarket Following Russell 3000 Inclusion
Keel Infrastructure shares climbed 2.24% in premarket trading after being added to the Russell 3000 Index, following Friday's massive 122.41 million share volume.
Lucid Stock Rises on Cost-Cutting Plan as Delivery Deadline Looms
Lucid (LCID) shares rose pre-market after unveiling a $158M cost-cut plan, about 8.1% of its market cap, as a June 30 delivery deadline for U.S. promotions approaches, putting demand to the test.