-- Rayonier Advanced Materials (RYAM) said Monday it is exploring strategic alternatives to maximize shareholder value. The firm said it has also set up an interim office of the chief executive following the resignation of President and CEO Scott Sutton.
Shares were down 10%, with intraday trading volume of over 4.8 million, versus a daily average of about 1.0 million.
Foresight Autonomous (FRSX) said Monday VisionWave (VWAV) will make an equity investment of up to $17.5 million through VisionWave shares in return for up to 51% stake in Foresight. The deal closing is subject to conditions, including due diligence.
Shares of VisionWave slumped 14% as intraday trading volume climbed to over 711,000 from a daily average of about 397,000.
Price: $2.40, Change: $-0.01, Percent Change: -0.41%