Pioneer Acquisition I Corp Announces Pricing of $220,000,000 Initial Public Offering
Globenewswire· 2025-06-18 02:04
Group 1 - The company, Pioneer Acquisition I Corp, announced the pricing of its initial public offering (IPO) of 22,000,000 units at $10.00 per unit, with trading expected to begin on June 18, 2025 [1] - Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, with separate trading anticipated for the shares and warrants under the symbols "PACH" and "PACHW" respectively [1] - The underwriter has a 45-day option to purchase an additional 3,300,000 units to cover over-allotments, and the offering is expected to close on June 20, 2025, subject to customary closing conditions [1][2] Group 2 - Pioneer Acquisition I Corp is a blank check company incorporated in the Cayman Islands, aiming to engage in mergers, share exchanges, asset acquisitions, or similar business combinations with other entities [2] - Cantor Fitzgerald & Co. acted as the sole book-running manager for the offering, while Odeon Capital Group LLC served as co-manager [2][3] - A registration statement on Form S-1 relating to these securities was filed with the SEC and declared effective on June 17, 2025, with the offering being made only by means of a prospectus [4]
Acurx Pharmaceuticals, Inc. Announces Exercise of Warrants for $2.67 Million Gross Proceeds
Prnewswire· 2025-06-18 01:47
Core Viewpoint - Acurx Pharmaceuticals has entered into a warrant inducement agreement to facilitate the exercise of existing warrants at a significantly reduced price, generating approximately $2.67 million in gross proceeds for the company [1][2]. Group 1: Warrant Inducement Agreement - The company has a warrant inducement agreement with a holder of existing warrants to purchase up to 4,445,435 shares at exercise prices between $3.25 and $3.26 per share, allowing the holder to exercise these warrants at a reduced price of $0.675 per share [1]. - In exchange for exercising the existing warrants, investors will receive 6,223,609 G-1 warrants and 2,667,261 G-2 warrants, totaling 8,890,870 new warrants [1]. - The G-1 and G-2 warrants are both exercisable at $0.425 per share and will expire five years from the issuance date [1]. Group 2: Use of Proceeds - The net proceeds from the warrant exercise are intended for working capital and general corporate purposes [2]. Group 3: Regulatory and Clinical Development - Ibezapolstat, the company's lead antibiotic candidate, is advancing to international Phase 3 clinical trials for treating C. difficile Infection (CDI) and has received FDA designations that may expedite its development [5]. - The antibiotic is part of a new class of drugs targeting Gram-positive bacteria, which includes significant pathogens like MRSA and VRE [6].
Berry Corporation: Strong Operating Cost Performance
Seeking Alpha· 2025-06-18 01:37
Group 1 - Berry Corporation (NASDAQ: BRY) is expected to benefit modestly from higher near-term oil prices, although significant hedges will limit these benefits [2] - The company reported relatively low lease operating expenses in Q1 2025, indicating potential operational efficiency [2] Group 2 - The article highlights the expertise of Aaron Chow, who has over 15 years of analytical experience and is recognized as a top-rated analyst on TipRanks [2] - Chow co-founded a mobile gaming company that was acquired by PENN Entertainment, showcasing his background in both gaming and analytical modeling [2]
GivBux, Inc. Finalizes Agreement to Acquire Charter House Financial AU and Affirms Plans to Launch Gold-Backed Expansion Initiative
Globenewswire· 2025-06-18 01:16
Core Insights - GivBux, Inc. has finalized an agreement to acquire Charter House Financial AU, aiming to enhance its Super App and charitable giving platform [1][2][3] - The acquisition is expected to generate up to $200 million in revenue during its first full year of operations, leveraging Charter House's expertise in gold markets [3] - GivBux is shifting its strategic focus to integrate tangible assets with digital finance, particularly through gold-backed offerings [3][5] Company Developments - The acquisition of Charter House will allow GivBux to operate it as a wholly owned subsidiary, broadening access to gold-backed financial benefits [2][3] - GivBux has decided not to proceed with a previously announced strategic investment and a $39 million acquisition of VitorganAmerica.shop, reflecting a commitment to focus on high-value initiatives [4] - The GivBux Super App is designed to facilitate shopping and charitable giving, with features that include cash back on purchases and a user-friendly interface [6][7] Market Positioning - GivBux aims to build a community of givers, starting in the United States and expanding globally, positioning itself as a leader in ecommerce and charitable giving [7] - The company continues to see steady user growth and merchant adoption throughout 2025, indicating a positive trajectory in the fintech and digital commerce space [5]
GENEDX ALERT: Bragar Eagel & Squire, P.C. is Investigating GeneDx Holdings Corp. on Behalf of GeneDx Stockholders and Encourages Investors to Contact the Firm
GlobeNewswire News Room· 2025-06-18 01:00
Core Viewpoint - GeneDx Holdings Corp. is under investigation for potential violations of federal securities laws and unlawful business practices, following allegations of widespread fraud and revenue inflation tactics [1][2]. Group 1: Allegations and Investigations - Grizzly Research published a report claiming that GeneDx's growth is largely an illusion, driven by fraudulent schemes aimed at exploiting Medicaid and Medicare systems to inflate revenue [2]. - The report alleges that GeneDx has engaged in "code stacking," allowing the company to bill insurance providers for services that do not meet required criteria [2]. - Testimonies from former employees and ongoing litigation suggest that the company's executives, including CEO Katherine Stueland and CFO Kevin Feeley, have sold shares immediately upon vesting, indicating potential insider knowledge of imminent risks [2]. Group 2: Market Reaction - Following the release of the Grizzly report, GeneDx's stock price fell by $4.84 per share, or 6.72%, closing at $67.18 per share on February 5, 2025 [2]. Group 3: Legal Representation - Bragar Eagel & Squire, P.C. is representing GeneDx stockholders in the investigation and is seeking information from those who have suffered losses or have relevant information regarding the claims [1][3].
PACIRA ALERT: Bragar Eagel & Squire, P.C. is Investigating Pacira BioSciences, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm
GlobeNewswire News Room· 2025-06-18 01:00
Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against Pacira BioSciences, Inc. due to a class action complaint alleging breaches of fiduciary duties by the board of directors following a significant patent ruling that negatively impacted the company's stock value [1][2]. Summary by Relevant Sections Company Overview - Pacira BioSciences, Inc. is primarily known for its product Exparel, which constitutes approximately 80% of its revenue [2]. Legal Issues - A class action complaint was filed against Pacira on June 16, 2025, concerning a Class Period from August 2, 2023, to August 8, 2024, focusing on potential breaches of fiduciary duties by the company's board [1]. - On August 9, 2024, Pacira announced that its U.S. Patent No. 11,033,495 was deemed invalid by the court, which raises concerns about the validity of its other patents and could lead to increased competition from generic products [2]. Stock Performance - Following the announcement regarding the patent ruling, Pacira's stock price plummeted from $22.36 per share on August 8, 2024, to a low of $11.70 per share on August 9, 2024, marking a decline of over 47% in just one day [3].
After Plummeting 40%, Where Will UnitedHealth Group Stock Be in 1 Year? Here Is What History Suggests.
The Motley Fool· 2025-06-18 01:00
Let's explore what's going on at UnitedHealth right now and dig into the details on what's driving investors to run for the hills. From there, I'll draw some parallels from other businesses that remind me of UnitedHealth's current situation to help asses where the stock could be one year from now. Shares of UnitedHealth Group have sold off considerably this year, as bad news surrounding the company continues to pile up. UnitedHealth Group (UNH 0.39%) has been one of the more interesting case studies in the ...
Robbins LLP Informs iRhythm Technologies, Inc. (IRTC) Investors That the Class Action Beat the Motion to Dismiss
GlobeNewswire News Room· 2025-06-18 00:48
Group 1 - A class action lawsuit has been filed against iRhythm Technologies, Inc. on behalf of shareholders who purchased stock between January 11, 2022, and May 30, 2023 [1] - The lawsuit alleges that iRhythm misrepresented the capabilities of its Zio AT monitor, claiming it was a real-time monitor for high-risk patients, while its main product, Zio XT, was intended for non-critical patients without real-time reporting [2] - The stock price of iRhythm was artificially inflated due to these representations, and it declined when the truth about the product's capabilities was revealed [2] Group 2 - On June 3, 2025, Judge Jacqueline S. Corley partially granted and denied the defendants' motion to dismiss, allowing litigation against iRhythm and its CEO to proceed [3] - Shareholders of iRhythm Technologies, Inc. have legal options available to them following the class action filing [3]
Coca-Cola vs. PepsiCo: What's the Better Buy?
ZACKS· 2025-06-18 00:36
Group 1: Overview of Companies - Coca-Cola (KO) and PepsiCo (PEP) are leading companies in the Consumer Staples sector, known for their long-standing operations and shareholder rewards [1] - Both companies are considered defensive stocks, providing consistent sales across various economic conditions and a history of increasing quarterly dividend payouts [2] Group 2: PepsiCo Performance - PepsiCo reported mixed quarterly results, exceeding sales expectations but falling short on EPS, with sales down 2% and EPS at $1.33, a 10% decline from the previous year [4] - The company faces profitability challenges due to sensitivity to margins and geopolitical factors, although long-term margin trends remain constructive [5][6] - CEO Ramon Laguarta highlighted resilience amid complex geopolitical and macroeconomic conditions, but warned of increased supply chain costs and subdued consumer conditions [8][10] Group 3: Coca-Cola Performance - Coca-Cola has consistently outperformed PepsiCo, exceeding consensus EPS and sales expectations for the last ten quarters, leading to a favorable Zacks Rank of 2 (Buy) [11] - The latest earnings report showed a 5% growth in adjusted EPS to $0.77 and a 6% increase in organic revenues year-over-year, with a 5% rise in price/mix [14] - CEO James Quincey emphasized the company's ability to navigate external challenges and create long-term value through a strong global presence [14] Group 4: Comparative Analysis - The performance disparity between Coca-Cola and PepsiCo raises questions about which stock is a better buy, with Coca-Cola currently having a stronger setup evidenced by Zacks Ranks and recent price action [2][15]
Banco Macro S.A. Announces Pricing of Notes offering under Medium Term Note Program
Prnewswire· 2025-06-18 00:36
THIS ANNOUNCEMENT RELATES TO AN OFFERING OF SECURITIES THAT HAVE NOT AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT, ANY U.S. STATE SECURITIES LAWS OR THE LAWS OF ANY JURISDICTION AND WILL BE OFFERED AND SOLD TO QUALIFIED INSTITUTIONAL BUYERS PURSUANT TO RULE 144A, AND IN COMPLIANCE WITH REGULATION S OUTSIDE THE UNITED STATES (EXEMPTIONS FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT). THE SECURITIES MAY NOT BE OFFERED OR SOLD IN THE U.S. OR TO U.S. PERSONS ABSENT REGISTRATION OR AN APPLICABL ...