Core Viewpoint - Easterly Government Properties reported quarterly results that were generally in line with expectations, but investor sentiment is overshadowed by earlier disappointing news regarding dividend cuts and stock splits [1][3]. Company Performance - The company reported first-quarter funds from operations (FFO) of $0.73 per share on revenue of $78.7 million, with FFO meeting expectations while revenue fell short by $1.3 million [4]. - Following the announcement of a 32% reduction in quarterly dividends and a 1-for-2.5 reverse stock split, shares dropped by 15% [3]. Industry Context - Easterly, as a REIT focused on government properties, is affected by the Department of Government Efficiency's initiatives to reduce federal spending, including real estate [2]. - The CEO expressed optimism that the company could benefit from government cost-saving efforts, indicating a potential shift towards partnerships with private real estate owners [5]. Investor Sentiment - The company is currently viewed as a "show me" stock, with investors advised to monitor it closely due to the recent volatility and changes in dividend policy [6].

Core Viewpoint - FOXO Technologies Inc. has completed a 1 for 10 reverse stock split of its outstanding common stock, effective April 28, 2025, with trading resuming on a post-split basis on April 29, 2025 [1][2][3]. Group 1: Reverse Stock Split Details - The reverse stock split consolidates every 10 shares of common stock into one share, maintaining the nominal par value per share at $0.0001 [2]. - The number of shares will decrease from approximately 38.7 million to approximately 3.87 million post-split [3]. - All outstanding preferred shares, stock options, warrants, and equity incentive plans will be adjusted accordingly, with the number of shares divided by 10 and the exercise or conversion price multiplied by 10 [4]. Group 2: Administrative Aspects - Continental Stock Transfer & Trust Company has been retained as the exchange agent for the reverse stock split, providing instructions for stockholders of record [5]. - Stockholders with shares held through brokers will have their positions automatically adjusted without needing to take action [5]. - The reverse split was approved by the Company's directors on April 17, 2025, following a majority shareholder resolution on November 29, 2024 [6]. Group 3: Company Overview - FOXO Technologies Inc. operates three subsidiaries: Rennova Community Health, which owns Scott County Community Hospital, Myrtle Recovery Centers, a behavioral health facility, and Foxo Labs, a biotechnology company focused on health and lifespan improvement [7][8].

Core Points - Sharps Technology, Inc. will implement a 1-for-300 reverse stock split effective April 27, 2025, to comply with Nasdaq's minimum bid price requirement [1][2] - The reverse split will reduce the authorized common shares from 500,000,000 to 1,666,667, and it was approved by the Board without shareholder consent [3] Company Overview - Sharps Technology is a medical device and pharmaceutical packaging company that specializes in patented smart-safety syringe products aimed at the healthcare industry [4] - The company focuses on ultra-low waste capabilities and incorporates both passive and active safety features in its syringe technologies [4] - Sharps also produces products designed with specialized copolymer technology for the prefillable syringe market segment and operates a manufacturing facility in Hungary [4]

Core Viewpoint - Icon Energy Corp. reported its financial results for the year ended December 31, 2024, highlighting a revenue increase but a net loss, alongside the declaration of a cash dividend of $0.07 per common share [1][3][24]. Financial Highlights - Revenue for 2024 was $5.3 million, a 19% increase from $4.5 million in 2023 [7][8]. - Operating profit decreased to $0.2 million from $1.1 million in 2023 [8][9]. - The company reported a net loss of $0.2 million compared to a net income of $1.2 million in 2023 [8][11]. - EBITDA for 2024 was $1.8 million, down from $2.1 million in 2023 [8][11]. Operational Highlights - The fleet expanded with the delivery of the Kamsarmax dry bulk carrier, M/V Bravo, which began an 11- to 14-month charter [5][15]. - The average number of vessels increased to 1.3 in 2024 from 1.0 in 2023 [12]. - Vessel utilization remained at 100% for both years [12]. Cash Dividend - A cash dividend of $0.07 per common share was declared for the fourth quarter of 2024, payable on or around May 30, 2025 [3][24]. Nasdaq Compliance - The company regained compliance with Nasdaq Listing Rule 5550(a)(2) after the closing bid price of its common shares remained at $1.00 or greater for ten consecutive trading days [4][20]. Key Events - Icon completed an initial public offering in July 2024, raising $5.0 million [15]. - A new term loan facility of $91.5 million was established, with $16.5 million drawn for vessel acquisitions [5][17]. - A public offering in January 2025 generated gross proceeds of approximately $12.0 million [19]. Fleet Employment and Operational Data - Ownership Days increased to 465.8 in 2024 from 365.0 in 2023 due to the addition of the M/V Bravo [12]. - Minimum Contracted Revenue expected from current contracts is $4.1 million [14]. Recent Developments - An agreement was made to charter-in a new vessel, M/V Charlie, with an option to purchase, expected to be delivered between May and August 2025 [21][22].

Core Points - cbdMD, Inc. announced the automatic conversion of its 8% Series A Cumulative Convertible Preferred Stock into Common Stock, effective May 6, 2025, with each share of Preferred Stock converting into thirteen shares of Common Stock [2][3] - The company will also implement a one-for-eight reverse stock split of its Common Stock, effective immediately after the automatic conversion on May 6, 2025 [4][5] - Following these actions, the number of issued and outstanding shares of Common Stock will reduce from approximately 71.26 million to about 8.91 million shares [5][7] Company Actions - The automatic conversion and reverse stock split were approved by shareholders at the annual meeting on April 10, 2025, and are aimed at improving the company's capital structure [3][4] - The reverse stock split will not affect shareholders' percentage ownership or voting power, except for minor adjustments due to fractional shares [5] - The company aims to eliminate approximately $6.7 million in accrued dividend liabilities and $4.0 million in perpetual annual obligations through these actions, enhancing its balance sheet [7] Strategic Outlook - The CEO expressed optimism about the company's recent developments, including strong sales results and new distribution deals, indicating a turning point for cbdMD [6] - The company believes that these structural changes will provide strategic flexibility for future mergers and acquisitions, positioning it for growth opportunities [7]

RONKONKOMA, N.Y., April 16, 2025 (GLOBE NEWSWIRE) -- SUNation Energy, Inc. (Nasdaq: SUNE) (“SUNation” or “the Company”), a leading provider of sustainable solar energy and backup power solutions for households, businesses, and municipalities, today announced that its Board of Directors approved a 200 - for 1 reverse stock split of the Company’s outstanding common stock effective 12:01 a.m. Eastern Time on April 21, 2025. The Company’s common stock will continue to trade under the symbol “SUNE” and it is exp ...

Core Points - HCW Biologics Inc. announced a 1-for-40 reverse stock split effective April 11, 2025, to comply with Nasdaq's minimum bid price requirement of $1.00 per share [1][2] - The reverse stock split will reduce the number of shares outstanding from approximately 44,934,120 to about 1,123,353, while the total authorized shares will remain at 250,000,000 [3] - The reverse stock split will not affect stockholders' percentage ownership, except for those who would receive fractional shares, who will instead receive one whole share [2][3] Company Overview - HCW Biologics is a clinical-stage biopharmaceutical company focused on developing novel immunotherapies aimed at extending health span by addressing inflammation linked to age-related diseases [6] - The company utilizes two drug discovery platforms: the TOBI™ platform, which has produced several molecules including HCW9218 and HCW9302, and the TRBC platform, which employs a unique protein-based backbone for immunotherapeutics [6]

Core Viewpoint - MarketWise, Inc. will implement a 1-for-20 reverse stock split to enhance its stock price and meet Nasdaq listing requirements, effective April 2, 2025 [1][6]. Group 1: Reverse Stock Split Details - The reverse stock split will reduce the number of issued and outstanding Class A common stock from approximately 49,487,262 shares to about 2,474,363 shares, and Class B common stock from approximately 276,623,803 shares to about 13,831,190 shares [3]. - The authorized Class A common stock will decrease from 950,000,000 shares to 47,500,000 shares, and Class B common stock from 300,000,000 shares to 15,000,000 shares [5]. - Fractional shares resulting from the reverse stock split will be paid in cash based on the closing price on April 2, 2025 [6]. Group 2: Rationale and Expectations - The reverse stock split aims to bring the stock price into a range more aligned with the company's market capitalization, making it more appealing to institutional investors and improving market perception [3]. - The company believes that the higher share price will help meet Nasdaq's minimum bid price requirement of $1.00 per share [6]. Group 3: Company Overview - MarketWise is a leading multi-brand digital subscription services platform that provides premium financial research, software, education, and tools for self-directed investors [7]. - The company has over 25 years of operating history and serves millions of subscribers, offering its products through various digital platforms [8].

Core Viewpoint - Nxu, Inc. announced a planned reverse stock split of its Class A common stock at a ratio of 1-for-20, effective March 31, 2025, to enhance marketability and comply with NASDAQ listing requirements [1][3]. Group 1: Reverse Stock Split Details - The reverse stock split was approved by stockholders on February 11, 2025, allowing a split ratio between 1-for-5 and 1-for-20, ultimately set at 1-for-20 [2]. - The new CUSIP number for the Class A common stock will be 62956D303, with a par value per share remaining at $0.0001 [2]. - Proportionate adjustments will be made to the exercise prices and number of shares under all outstanding options, warrants, and equity awards [2]. Group 2: Company Strategy and Expectations - The reverse stock split aims to facilitate the proposed merger with Verde Bioresins and maintain NASDAQ compliance [3]. - The company anticipates that the reverse stock split will lead to an increase in the market price of its Class A common stock, thereby improving share marketability [3]. - The reverse stock split will not change the number of authorized shares and will uniformly affect all stockholders, with fractional shares rounded up to the nearest whole share [3]. Group 3: Company Overview - Nxu, Inc. is a technology company focused on energy storage and charging solutions, supporting e-Mobility initiatives [5].

Core Viewpoint - Lichen China Limited has announced a reverse stock split with a ratio of one-for-two-hundred, effective March 3, 2025, to comply with Nasdaq's minimum bid price requirement [1][2][4]. Group 1: Reverse Stock Split Details - The reverse stock split will affect all issued and outstanding shares of the Company's ordinary shares, increasing the par value to $0.008 per share [3]. - Shareholders will not need to take any action to receive post-split shares, as their positions will be automatically adjusted [5]. - The reverse stock split aims to increase the market price per share, helping the Company meet Nasdaq's $1.00 minimum bid price listing requirement [4]. Group 2: Company Name Change - The Company has officially changed its name from Lichen China Limited to Lichen International Limited, effective March 3, 2025, following shareholder approval [6]. Group 3: Company Background - Lichen China Limited specializes in providing financial and taxation solution services, education support services, and software maintenance services, with over 18 years of experience in the industry [7].