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$YSS

3 stories mentioning YSSUpdated 41d ago

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York Space Systems to Acquire Space Solar Technology Company Solestial

York Space Systems (YSS) agreed to acquire Solestial in a transaction that includes up to 2.35 million shares of company stock and an additional cash payment, York said in a regulatory filing with the US Securities and Exchange Commission on Tuesday.The company said it signed the merger agreement on May 15 and expects to complete the acquisition in Q2.Financial terms beyond the mix of stock and cash consideration were not disclosed.The transaction is expected to bring Solestial's space solar manufacturing capability into York Space Systems' supply chain and to support greater control over critical spacecraft power components, York said in a separate statement.Price: $24.63, Change: $-1.29, Percent Change: -4.98%

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Top Midday Decliners

LanzaTech Global (LNZA) signed a securities purchase agreement with certain institutional investors to sell 2 million shares in a registered direct offering, targeting gross proceeds of about $20 million, the company said Friday.Shares sank 43% following an increase in intraday trading volume to almost 323,000 from a daily average of over 44,000.Aardvark Therapeutics (AARD) said the US Food and Drug Administration has placed a full clinical hold on its investigational new drug application for ARD-101, according to a company statement late Thursday.Morgan Stanley downgraded the stock to underweight from equalweight, and BTIG to neutral from buy.Shares of Aardvark slumped 31% as intraday trading volume advanced to more than 565,000 from a daily average of over 282,000.York Space Systems (YSS) reported a Q1 loss of $114.8 million, compared with a loss of $11.7 million a year earlier.Shares dropped 18%, with intraday trading volume at nearly 2.85 million, compared with a daily average of over 2.02 million.Price: $9.74, Change: $-7.41, Percent Change: -43.21%

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York Space Systems Shares Rise on Multiple IDIQ Contract Wins

York Space Systems (YSS) shares were up 8.1% in Wednesday trading after the company said it had won multiple Indefinite Delivery/Indefinite Quantity, or IDIQ, contract awards across two mission areas.The company said the awards support the development and deployment of critical national defense and warfighter space capabilities.York added that it is well-positioned to win and execute task orders under the IDIQ contracts through its US supply chain and manufacturing capabilities.Price: $36.01, Change: $+3.30, Percent Change: +10.07%

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