Streetbeat News

Bankruptcy

CSLR

SPWR

SunPower announces a $45M asset sale to complete Solaria and files for Chapter 11 bankruptcy to maximize asset value. The company will continue to operate Blue Raven Solar and New Homes during the Chapter 11 process and seeks value-maximizing sale transactions for remaining assets.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 5:37 am

LQDT

Liquidity Services (NASDAQ:LQDT) and Tiger Group are auctioning over 300 energy assets from El Dorado Gas & Oil, Inc. due to its bankruptcy. The assets are available on AllSurplus.com until August 13, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 11:38 am

VBIV

VBI Vaccines Inc. (NASDAQ:VBIV) has been granted provisional relief under Chapter 15 of the U.S. Bankruptcy Code by the U.S. Bankruptcy Court for the District of Delaware. A further hearing is scheduled to consider the recognition of the July 30, 2024, Ontario Superior Court of Justice order, which granted the company protection under the Companies' Creditors Arrangement Act (CCAA).

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 8:07 pm

ALXO

ATEC

EXAS

MRNA

OMCL

RDHL

VWE

U.S. stocks traded lower with the Dow Jones, NASDAQ, and S&P 500 all falling. Moderna shares plunged over 20% due to lowered 2024 sales guidance. RedHill Biopharma, Exact Sciences, and Omnicell saw significant gains, while Vintage Wine Estates, ALX Oncology, and Alphatec Holdings experienced sharp declines.

Portfolio Pulse from Avi Kapoor

August 01, 2024 | 6:34 pm

ALXO

ATEC

EXAS

OMCL

RDHL

VWE

U.S. stocks traded lower with the Dow Jones index dipping over 500 points. The ISM manufacturing PMI fell to 46.6 in July, below market estimates. RedHill Biopharma, Exact Sciences, and Omnicell saw significant stock price increases due to positive news, while Vintage Wine Estates, ALX Oncology, and Alphatec Holdings experienced sharp declines.

Portfolio Pulse from Avi Kapoor

August 01, 2024 | 5:18 pm

BBLG

IMRX

META

RDHL

VWE

The Nasdaq Composite surged 1% on Thursday, driven by strong earnings from Meta Platforms, Inc. (META). Meta reported better-than-expected Q2 financial results and issued strong Q3 guidance. Other notable stock movements include significant gains for RedHill Biopharma Ltd. (RDHL), Bone Biologics Corporation (BBLG), and Immuneering Corporation (IMRX), while Vintage Wine Estates, Inc. (VWE) saw a sharp decline due to a bankruptcy filing.

Portfolio Pulse from Avi Kapoor

August 01, 2024 | 2:15 pm

VBIV

VBI Vaccines shares are trading lower after the company was granted protection under Canada's CCAA by the Ontario Superior Court. The company received approval for a DIP loan, and Ernst & Young was appointed as the monitor during the restructuring process.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 2:21 pm

VBIV

VBI Vaccines has been granted protection under Canada's Companies' Creditors Arrangement Act (CCAA) by the Ontario Superior Court. The company has also received approval for a debtor-in-possession (DIP) loan, and Ernst & Young has been appointed as the monitor during the restructuring process.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 1:55 pm

TWOU

2U, Inc. (NASDAQ:TWOU) shares are trading higher after the company filed for Chapter 11 bankruptcy protection last week. The company has reached a deal to cut its debt by 50% and secure $110 million in new capital. Despite the bankruptcy filing, the stock is rebounding on heavy volume.

Portfolio Pulse from Erica Kollmann

July 29, 2024 | 5:13 pm

TWOU

2U Inc. (NASDAQ:TWOU), an online education company, has filed for Chapter 11 bankruptcy due to mounting debt and competition. The company has secured a deal to cut its debt by 50% and will continue operations without service disruptions. The stock has plummeted 63.35% in one day and 95.70% year-to-date.

Portfolio Pulse from Benzinga Neuro

July 26, 2024 | 1:53 am