ADVFN US – Market Content Editor

Bit Digital Inc (NASDAQ:BTBT) shares jumped 14% after the cryptocurrency miner announced it had completed its transition to an Ethereum-focused treasury strategy, significantly boosting its ETH holdings. Following a recent underwritten public offering that raised about $172 million in gross proceeds, the company purchased approximately 100,603 ETH. Bit Digital also sold around 280 BTC to…

IonQ, Inc. (NYSE:IONQ) stock rose 6% on Monday following the announcement of a $1.0 billion equity offering priced above the company’s recent share price. The quantum computing company set the offering price at $55.49 per share, approximately 25% higher than IonQ’s closing price on July 3. The deal includes 14,165,708 common shares and pre-funded warrants…

Mustang Bio Inc (NASDAQ:MBIO) stock soared over 78% following the U.S. Food and Drug Administration’s orphan drug designation for its MB-101 therapy targeting recurrent diffuse and anaplastic astrocytoma and glioblastoma—rare and aggressive brain cancers. The designation offers Mustang Bio benefits such as clinical trial tax credits and seven years of market exclusivity upon approval. The…

Allegiant Travel Company (NASDAQ:ALGT) stock climbed 3.2%, while Blackstone Inc (NYSE:BX) shares inched up 0.2%, following a Bloomberg report that Blackstone has agreed to acquire Allegiant’s Sunseeker Resort for around $200 million. According to Bloomberg, the deal could be announced as soon as Monday. The purchase price represents a steep discount compared to the $720…

Lexeo Therapeutics Inc (NASDAQ:LXEO) saw its stock rise 2.3% after the U.S. Food and Drug Administration granted breakthrough therapy designation to its gene therapy candidate for Friedreich ataxia, LX2006. This designation was awarded based on interim clinical results that demonstrated significant improvements in cardiac biomarkers and functional outcomes. LX2006 was also chosen for the FDA’s…

Shares of ParaZero Technologies Ltd. (NASDAQ:PRZO) rose 7% after the company showcased its DefendAir Personal Net Gun System in a successful live field demonstration that captured the attention of Israeli defense authorities. The event, held in Kfar Saba, Israel, featured real-time interception exercises where the DefendAir system neutralized every drone threat presented—including passive drones that…

Shares of POET Technologies Inc. (NASDAQ:POET) slid 9.2% on Monday following news of a $25 million public offering priced well below the company’s previous closing value. The Toronto-based photonics firm announced plans to issue 5 million units at a price of $5.00 each, representing a 12% discount to Friday’s closing price on the TSX Venture…

Webull Corporation (NASDAQ:BULL) shares dropped 9% after the trading platform revealed a major financing deal that could result in significant share dilution over time. The company announced it has entered into a standby equity purchase agreement with Yorkville Advisors, giving Webull the option to issue up to $1 billion worth of Class A ordinary shares…

Jasper Therapeutics (NASDAQ:JSPR) saw its shares plummet over 43% in premarket trading on Monday after the biotech firm disclosed manufacturing problems linked to one of its drug product lots, casting uncertainty over key clinical programs. The company revealed that certain dosing groups in its ongoing chronic spontaneous urticaria trial involving the investigational antibody briquilimab may…

IREN Limited (NASDAQ:IREN) shares climbed 5% on Monday after the tech-driven infrastructure firm announced it had reached its 50 exahash per second (EH/s) Bitcoin mining goal ahead of schedule and made significant strides in expanding its AI cloud fleet. The company reported a record month for mining revenue in June, generating $65.5 million, a slight…