Streetbeat News

Corporate News

EPRX

Eupraxia Pharmaceuticals (EPRX) reported its Q4 2024 financial results, highlighting positive developments in its clinical trials for EP-104GI treating eosinophilic esophagitis and EP-104IAR for knee osteoarthritis. The company raised C$44.5 million, strengthening its balance sheet and funding operations through Q3 2026. Net loss decreased to $7.5 million, and cash reserves increased to $33.1 million.

Portfolio Pulse from

March 20, 2025 | 9:45 pm

XIFR

XPLR Infrastructure, LP has priced a significant senior unsecured notes offering totaling $1,750 million. The offering consists of two tranches: $825 million of 8.375% notes due in 2031 and $925 million of 8.625% notes due in 2033. This financing is being conducted through a private offering by its direct subsidiary, XPLR Infrastructure Operating Partners, LP.

Portfolio Pulse from

March 20, 2025 | 9:45 pm

FMC

Levi & Korsinsky law firm has filed a class action securities lawsuit against FMC Corporation, alleging securities fraud between November 16, 2023 and February 4, 2025. The lawsuit claims the company made false statements about channel management initiatives, pricing strategies, and inventory inflation in multiple international markets.

Portfolio Pulse from

March 20, 2025 | 9:45 pm

TONUSD

Multiple top-tier venture capital firms, including Sequoia Capital and Benchmark, have invested over $400 million directly in Toncoin, the native cryptocurrency of the TON blockchain. This investment comes as Telegram reaches 1 billion monthly active users and the blockchain sees significant user expansion, with native accounts growing from 4 million to 41 million in the past year.

Portfolio Pulse from

March 20, 2025 | 9:30 pm

ATAI

Atai Life Sciences, a Nasdaq-listed biopharmaceutical company, announced plans to acquire $5 million worth of Bitcoin for its treasury. The company's founder, Christian Angermayer, cited protection against inflation and valuation pressures as key reasons for the strategy. The initial investment of approximately 59.23 BTC is not expected to impact the company's operational capabilities.

Portfolio Pulse from

March 20, 2025 | 9:30 pm

IAS

Rosen Law Firm is pursuing a securities class action lawsuit against Integral Ad Science Holding Corp. (IAS) alleging that the company failed to disclose material information about competitive pricing pressures, weakening demand, and slowing revenue growth during the period of March 2, 2023 to February 27, 2024.

Portfolio Pulse from

March 20, 2025 | 9:30 pm

GNFT

GENFIT has completed a royalty financing agreement with HealthCare Royalty (HCRx) for up to €185 million, including an upfront payment of €130 million. The transaction allows the company to repurchase 99% of its 2025 OCEANEs convertible bonds and provides financial visibility beyond 2027 to support its Acute-on-Chronic Liver Failure (ACLF) pipeline development.

Portfolio Pulse from

March 20, 2025 | 9:30 pm

TIXT

Levi & Korsinsky law firm has filed a class action securities lawsuit against TELUS International (Cda) Inc. alleging securities fraud between February 16, 2023 and August 1, 2024. The lawsuit claims the company made misleading statements about its AI Data Solutions offerings, profitability, and business prospects, particularly regarding AI development and its impact on company margins.

Portfolio Pulse from

March 20, 2025 | 9:30 pm

IAS

Law firm Kessler Topaz Meltzer & Check, LLP has announced a securities class action lawsuit against Integral Ad Science Holding Corp. (IAS) alleging the company made false or misleading statements about its business operations, pricing strategies, and revenue growth between March 2, 2023, and February 27, 2024. Investors have until March 31, 2025, to seek lead plaintiff status.

Portfolio Pulse from

March 20, 2025 | 9:30 pm

MU

Micron Technology reported impressive fiscal Q2 2025 results, with revenue of $8.05 billion and non-GAAP EPS of $1.56, significantly exceeding analyst expectations. The company saw record revenues in the data center segment, with demand tripling year-over-year, and continues to focus on technological innovations in DRAM and NAND memory.

Portfolio Pulse from

March 20, 2025 | 9:30 pm