ProPhase Labs Inc. (PRPH) last week announced closing of an unsecured debt financing totaling $10 million. The company completed the process by issuing two unsecured promissory notes. The partially convertible notes equals to an aggregate amount of $10 million. Each issued Note will become due and is payable after...
Regulus Therapeutics Inc. (RGLS) recently announced restructuring of a term loan by Oxford LLC. With a condition to pay $10 million against loan principal before April 30, 2021, company will have to pay only the interest for up to seven months. The Principal Paydown Event is subject to be adjusted through proceeds from...
Microbot Medical Inc. (MBOT) recently completed its feasibility animal study successfully. The study was concluded using LIBERTY Robotic System, company’s surgical robotic system which is world’s first for being fully disposable system. The study achieved all its end point targets without facing any adverse incident in using that system....
Cohen & Company Inc. (COHN) recently announced that one of its sponsored company got a pricing of $200 million in initial public offering (IPO). INSU Acquisition Corp. II (INAQU) is a blank-check company sponsored by COHN that went through an upsized IPO last week. COHN operates as a financial...
Genasys Inc. (GNSS) signed a definitive acquisition agreement with Amika Mobile. Genasys is a leading provider of critical communications systems and solution while Amika Mobile is an enterprise software company based in Canada which provides solutions for critical event situational awareness as well as products for communications and controls.
NN, Inc. (NNBR) recently came to an agreement of selling its Life Sciences division to American Securities LLC’ affiliated company. The divestment deal is worth $825 million which is likely to be completed before end of this year subject to the fulfillment of customary closing conditions.
China Xiangtai Food Co. Ltd. (PLIN) late last month came opening a restaurant in Chongqing, China. With the grand opening of that restaurant, the company paved the way for its hot pot restaurant strategy. China Xiangtai Food is an increasingly growing company attached with the food processing business in...
Franchise Group, Inc. (FRG) saw attraction of roughly 6.8% in its stock price on Tuesday to conclude trading at a closing price of $25.14. The stock’s weekly performance is currently at 3.84% while is has been 8.36% from year to date. The company recently announced pricing of its...
Datasea Inc. (DTSS) recently announced a Cooperation Framework Agreement with China Africa Friendship Town Investment Group Limited (“CAFTI”). The technology company provides smart security solutions and develops education-related technologies in China. It entered into the agreement through one of its variable interest entities. The agreement is for setting up a common structure for and...
AmericanVirtual Cloud Technologies Inc. (AVCT) recently came to a definitive agreement with and Ribbon Communications Inc. (RBBN) for acquiring its cloud communications platform Kandy Communications. Through all-stock transaction, AVCtechnologies will get an access to Kandy Communications’ leading proprietary, multi-tenant and highly scalable technology. AVCtechnologies is in the industry for more than...