Michael Saylor’s Strategy continues to buy Bitcoin on a two week clip, disclosing a 397 bitcoin purchase Monday morning. The company said it acquired the digital currency between Oct. 27 and Nov. 2 for $45.6 million, at an average price of $114,771 each. As of Nov. 2, Strategy held 641,205 bitcoins purchased at a total cost of $47.49 billion, or $74,057 per bitcoin including fees and expenses. Purchases were funded through its various preferred-stock and common-stock ATM offerings. During the same week, ...

Core Viewpoint - NIO Inc. has successfully completed a US$1.16 billion equity offering, which includes the sale of 209,090,918 Class A ordinary shares, aimed at enhancing its position in the smart electric vehicle market and funding various strategic initiatives [1][3]. Equity Offering Details - The equity offering consists of 160,823,190 American depositary shares (ADSs), 20,995,000 Class A ordinary shares, and 27,272,728 ADSs from the underwriters' option [1]. - The ADSs were sold at a public offering price of US$5.57 each, while the Class A ordinary shares were priced at HK$43.36 each [2]. Use of Proceeds - The net proceeds from the equity offering will be allocated to research and development of core technologies for smart electric vehicles, development of future technology platforms and vehicle models, expansion of the battery swapping and charging network, strengthening the balance sheet, and general corporate purposes [3]. Underwriters - The equity offering was underwritten by Morgan Stanley Asia Limited, UBS Securities LLC, UBS AG Hong Kong Branch, and Deutsche Bank AG, Hong Kong Branch [4]. Company Overview - NIO Inc. is a leading player in the global smart electric vehicle market, founded in November 2014, with a mission to create a sustainable future through innovative technology and exceptional user experiences [7].

Core Viewpoint - Nio Inc experienced a significant decline of approximately 9.0% in premarket trading following the announcement of plans to raise fresh capital through a substantial equity offering [1] Company Summary - Nio Inc is a Chinese electric vehicle manufacturer that is seeking to raise capital via an equity offering [1] Market Reaction - The announcement of the equity offering led to a notable drop in the company's stock price, indicating investor concern regarding dilution or the need for additional funding [1]

Core Viewpoint - NIO Inc. announced a proposed equity offering of up to 181,818,190 Class A ordinary shares, which includes American depositary shares (ADSs) and ordinary shares, to fund various strategic initiatives [1][3]. Group 1: Equity Offering Details - The equity offering consists of an ADS offering and an ordinary share offering, with allocation based on investor interest [1]. - Underwriters will have a 30-day option to purchase an additional 27,272,729 ADSs, which will be settled solely in ADSs if exercised [2]. - The offering will be conducted under the company's shelf registration statement on Form F-3, which became effective on May 21, 2024 [5]. Group 2: Use of Proceeds - The net proceeds from the equity offering will be used for research and development of core technologies for smart electric vehicles, development of future technology platforms and vehicle models, expansion of the battery swapping and charging network, strengthening the balance sheet, and general corporate purposes [3]. Group 3: Underwriters - Morgan Stanley Asia Limited, UBS Securities LLC, UBS AG Hong Kong Branch, and Deutsche Bank AG Hong Kong Branch are acting as representatives for the underwriters for the equity offering [4]. Group 4: Company Overview - NIO Inc. is a leading company in the global smart electric vehicle market, founded in November 2014, with a mission to shape a sustainable future through innovative technology and exceptional user experience [8]. - The company offers premium smart electric vehicles under the NIO brand, family-oriented vehicles through the ONVO brand, and high-end electric cars with the FIREFLY brand [8].

Core Viewpoint - Graphite One Inc. has announced a private placement offering of up to C$18 million, consisting of units priced at C$0.90 each, to fund environmental studies and general working capital [1][3]. Group 1: Offering Details - The offering consists of units, each comprising one common share and one-half of a common share purchase warrant, with each warrant allowing the purchase of one common share at C$1.25 for 12 months post-closing [2]. - The company has granted agents an option to purchase up to an additional 15% of the units at the issue price [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated for environmental studies, permitting activities on the Graphite Creek property, a milestone payment to Chenyu, and general working capital [3]. Group 3: Regulatory Compliance - The offering is subject to regulatory approvals, including that of the TSX Venture Exchange, and is being conducted under the "listed issuer financing exemption" from the prospectus requirement [3][4]. - The securities offered will not be subject to a hold period under applicable Canadian securities laws [3]. Group 4: Company Overview - Graphite One Inc. aims to become a U.S. producer of high-grade anode materials integrated with a domestic graphite resource, focusing on the lithium-ion electric vehicle battery and energy storage markets [6].