Streetbeat News

Bankruptcy

EGIO

Edgio shares are experiencing a rebound after the company filed for Chapter 11 bankruptcy. They have entered into a stalking horse asset purchase agreement with Lynrock.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 7:55 pm

BFI

BurgerFi International shares are declining following the company's announcement of filing for Chapter 11 bankruptcy.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 6:24 pm

BFI

BurgerFi International announced that its franchisee-owned locations of BurgerFi and Anthony's Coal Fired Pizza & Wings are excluded from bankruptcy proceedings. The Chapter 11 filing includes 67 corporate-owned locations.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 3:35 pm

BFI

BurgerFi International has filed for Chapter 11 bankruptcy protection, ensuring all 144 locations remain open. The company will file 'First Day' motions to maintain normal operations and will evaluate its operations, closing 19 underperforming stores.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 3:35 pm

KTRA

Kintara Therapeutics has enrolled 4 out of 10 patients in its REM-001 clinical study for cutaneous metastatic breast cancer, with no safety issues reported. The study is funded by a $2 million NIH grant, but Kintara may face financial challenges without a merger with TuHURA.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 12:34 pm

ALIM

AVO

BKYI

CDMO

CGNT

EGIO

Crude oil prices fell over 4% as OPEC cut its global oil demand outlook. U.S. stocks showed mixed performance with the Nasdaq gaining, while the Dow declined. Energy shares fell by 2%. BIO-key, Mission Produce, and Avid Bioservices saw significant stock price increases, while Edgio, Cognyte Software, and Alimera Sciences experienced declines.

Portfolio Pulse from Avi Kapoor

September 10, 2024 | 6:20 pm

EGIO

Edgio shares have declined following the company's filing for Chapter 11 bankruptcy. Edgio has entered into a stalking horse asset purchase agreement with Lynrock.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 5:53 pm

EGIO

Edgio Inc (NASDAQ:EGIO) has filed for Chapter 11 bankruptcy, causing its stock to plummet by 34% to $0.80. The company plans to sell its business while continuing operations, supported by a $110 million credit bid from Lynrock Lake Master Fund LP and $15.6 million in DIP financing.

Portfolio Pulse from Henry Khederian

September 10, 2024 | 5:48 pm

ALIM

AVO

BKYI

CDMO

CGNT

EGIO

U.S. stocks fell with the Dow down 1% as small business optimism declined in August. Notable stock movements included BIO-key International surging 88% on new orders, Mission Produce rising 21% on strong earnings, and Edgio dropping 34% after filing for Chapter 11.

Portfolio Pulse from Avi Kapoor

September 10, 2024 | 4:19 pm

AMZN

BKYI

EGIO

ORCL

US stocks showed mixed performance with the Nasdaq Composite gaining 0.5%. Oracle reported strong earnings and announced a partnership with Amazon's AWS. BIO-key shares surged 119% after securing new orders, while Edgio shares fell 26% after filing for Chapter 11. Energy shares declined, while communication services rose.

Portfolio Pulse from Avi Kapoor

September 10, 2024 | 1:51 pm