SOLAI (SLAI) said Tuesday it has completed its acquisition of a 51% stake in Singapore-based Neuraland PTE.
The company said it would fund the deal by issuing about 1.16 billion new class A shares, valued at roughly $9.2 million, to the selling shareholder, AIPICO Global.
Shares of the company declined over 5% in Tuesday's premarket activity.
Price: $0.74, Change: $-0.04, Percent Change: -5.40%
MicroVision (MVIS) said Tuesday that it filed a preliminary proxy statement for its July 10 annual shareholder meeting, seeking approval for a proposal that would allow its board to implement a reverse stock split.Chairman Robert Carlile said the proposed reverse split is intended to help preserve the company's Nasdaq listing, maintain capital flexibility and attract a broader range of investors.MicroVision's stock fell over 9% during Tuesday's premarket.Price: $0.54, Change: $-0.06, Percent Change: -9.80%
(Updates to add stock movement in the headline and last paragraph)Northern Star Resources (ASX:NST) should conduct a strategic review that includes a potential sale, alongside a search for a new CEO, to identify opportunities for operational improvements, shareholder Elliott Investment Management said Monday.Elliott disclosed a stake of over AU$1 billion in Northern Star Resources, saying it wants to work with the company to maximize shareholder value."Northern Star's recent pattern of operational missteps, cost overruns and inconsistent strategic direction demands urgent action," Elliott said, adding that the company has underperformed its potential despite holding world-class gold assets.The activist investor also urged the company to supplement its board with "fresh perspectives" to help guide the review and subsequent steps.Elliott further alleged that Northern Star has "deeply inadequate disclosures compared to global senior peers." The company is likely to draw "significant strategic interest" if it explores a sale, Elliott said.Northern Star Resources did not immediately reply to a request for comment from.The company's shares rose around 9% in recent Tuesday trade.
Xometry (XMTR) said Monday it has started an underwritten public offering of $225 million of its Class A shares, subject to market conditions.Underwriters will be given a 30-day option to buy up to an additional $33.75 million of shares, the company said.Net proceeds from the planned offering are for working capital and general corporate purposes, Xometry said.Xometry shares were down past 9% in after-hours activity.