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Update: Factorial Energy Shares Rise After Signing Battery Industrialization Deal With Mitsui Kinzoku

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(Updates with the latest stock price movement in the headline and the first paragraph.)

Factorial Energy (FAC) shares rose more than 13% in Thursday trading after the company said it has entered a joint development agreement with Mitsui Kinzoku to support the industrialization and scale-up of its all-solid-state Solstice battery platform.

Factorial Energy said it will be responsible for cell design, process development, supply chain qualification, line integration and manufacturing validation.

Factorial's Solstice platform uses sulfide-based solid electrolytes and dry cathode processing, it said.

Price: $5.66, Change: $+0.66, Percent Change: +13.10%

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Halozyme Therapeutics Plans $1.05 Billion Offering of Convertible Notes

Halozyme Therapeutics (HALO) plans to launch an offering of $1.05 billion of convertible senior notes due 2033, subject to market conditions.Initial purchasers will have a 13-day option to buy up to an additional $150 million of the notes, the company said Wednesday in a statement.Halozyme expects to use part of the proceeds to fund capped call transactions and to enter agreements with holders of its 0.25% convertible notes due 2027 and 1% convertible notes due 2028 to repurchase their notes for cash. The remainder will be used for general corporate purposes.Halozyme shares fell 1.8% in after-hours trading.

$HALO
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Medical Properties Trust Completes Sale of 2 Idaho Hospitals

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$MPT
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BCB Bancorp Launches Stock Offering; Identifies Portfolio of Problem Loans; Expects Q3 Net Loss

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$BCBP