PMGC (ELAB) said Wednesday that it will effect a 1-for-10 reverse stock split of its issued and outstanding common stock on Aug. 21.
The company said it expects that there will be 809,584 common shares following the reverse stock split from about 8.1 million shares prior to the anticipated reverse stock split.
Price: $0.60, Change: $-0.23, Percent Change: -27.35%
Virgin Australia's (ASX:VGN) Velocity Frequent Flyer loyalty program has received interim authorization from the Australian Competition and Consumer Commission (ACCC) to continue its retail earn partnership with 7-Eleven Stores and its franchisees, according to a Wednesday statement from the regulator.The authorization allows Velocity members to continue earning points when making purchases at 7-Eleven stores.The airline's shares fell past 1% in recent Wednesday trade.
(Updates with stock price movement in the headline and the first paragraph.)Mercury Systems (MRCY) shares fell 11% during after-hours trading on Tuesday after the company posted lower-than-expected fiscal Q4 adjusted earnings.The company reported fiscal Q4 adjusted earnings late Tuesday of $0.37 per diluted share, down from $0.47 a year earlier.Analysts polled by FactSet expected $0.38.Revenue for the quarter ended July 3 rose to $289.8 million from $273.1 million a year earlier.Analysts expected $266.1 million.
Mercury Systems (MRCY) reported fiscal Q4 adjusted earnings late Tuesday of $0.37 per diluted share, down from $0.47 a year earlier.Analysts polled by FactSet expected $0.38.Revenue for the quarter ended July 3 rose to $289.8 million from $273.1 million a year earlier.Analysts expected $266.1 million.