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Clearwater Analytics Delisted After $8.4B Take-Private, Options Settle for Cash
Clearwater Analytics' $8.4B take-private closed June 25 at $24.55/share, a 47% premium. CWAN delisted from NYSE; options settle for $2,455 cash per contract.
Sadot Group Shares Surge 75% on Massive Volume Amid Going Concern Doubts
Sadot Group (SDOT) soared 75% on volume 15x its share base, despite filings showing a tiny float, preferred stock, a large real estate option, zero Q1 commodity sales, and going concern doubts.
Strategy's STRC Preferred Stock Plunges, Signaling Bitcoin Funding Stress
Strategy's STRC preferred stock sank 26% to $73.68, far below its $100 par value, as a $13.4 billion unrealized bitcoin loss drove its effective yield to 15.6%, signaling investor concern over funding pressure.
EchoStar's ECHO Debut Slumps on AT&T Cash Dependence, SpaceX Index Event
EchoStar's new ECHO ticker dropped 6.5% in its first two sessions, with the $20.25B AT&T cash representing 71% of equity. The stock rebounded 1.7% Friday as investors eye deal closing and SpaceX's Russell index addition.
SELLAS Life Sciences Soars on Heavy Short Interest Ahead of AML Trial Results
SELLAS Life Sciences (SLS) surged 6.3% to $11.19 as short interest climbed to 32.65% of float and trading volume doubled. The company amended executive severance terms and disclosed 78 of 80 events reached in its Phase 3 AML trial.
Centessa's Final Trade Puts Lilly CVR at 28% of Maximum Value
Centessa's final $40.50 trade implies a 28% value on its non-transferable CVR from the $38/share Lilly buyout, with only drug-approval payouts remaining.
Can-Fite BioPharma Surges on Japanese Patent Grant for Obesity Drug
Can-Fite BioPharma shares surged 17% premarket after Japan allowed a patent for Namodenoson in obesity, but the company's $6.61M market cap remains near the NYSE American delisting threshold.
Amazon Drops Below Analyst Target Amid Cloud Selloff and EU Scrutiny
Amazon shares closed Thursday at $227.01, below the lowest analyst target of $230, amid a cloud-led selloff and EU scrutiny.
BlackBerry Surges as QNX Revenue Soars 26%, AI Premium Drives $1B Market Cap Increase
BlackBerry's market cap jumped $1 billion after QNX revenue rose 26% and fiscal 2027 guidance increased. Analysts raised targets, citing faster operating leverage and AI potential.
Nokia shares tumble as AI rally fades; €18B wiped out since June peak
Nokia shares slid to €11.74 in Helsinki, extending a pullback that has erased about €18B in market value since the June 3 high. Investors await Q2 results due July 23.