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MNTS

Momentus Inc. (NASDAQ:MNTS) shares fell after receiving a non-compliance notice from Nasdaq due to failure to meet the minimum bid price and not filing Form 10-Qs for March and June 2024. Additionally, a U.S. district court issued a preliminary order for a derivative settlement requiring corporate governance reforms.

Portfolio Pulse from Erica Kollmann

September 27, 2024 | 1:30 pm

QFIN

Qifu Technology, Inc. (NASDAQ:QFIN) has responded to a short seller report by Grizzly Research, refuting claims of financial inaccuracies and mismanagement. The company asserts that the report contains flawed analyses and misleading conclusions. Qifu Technology highlights its strong financial performance, including significant revenues and profits, and its commitment to shareholder returns through dividends and stock repurchases. The company also addresses and rebuts various claims regarding its financial practices, regional headquarters, and loan interest rates.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2024 | 1:28 pm

ACHC

Acadia Healthcare's shares are declining following the company's announcement of full cooperation with authorities in a government investigation.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2024 | 1:20 pm

AGAE

Allied Gaming & Entertainment (NASDAQ: AGAE) is addressing concerns raised by shareholder Ourgame International Holdings Limited regarding recent board decisions. AGAE disagrees with Ourgame's characterization but is committed to open dialogue with shareholders.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2024 | 1:01 pm

HPQ

NVNO

NVO

SAVA

TRMD

UDMY

UEC

Cassava Sciences and enVVeno Medical are among the big stocks moving lower in Friday's pre-market session. Cassava Sciences fell due to SEC charges, while enVVeno Medical dropped after announcing a public offering.

Portfolio Pulse from Avi Kapoor

September 27, 2024 | 12:47 pm

ACHC

Acadia Healthcare (NASDAQ:ACHC) is under government investigation but is cooperating fully. The company emphasizes its commitment to high-quality care and compliance, having invested in talent, technology, and leadership to improve services.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2024 | 12:35 pm

GFR

Greenfire Resources Ltd. (NYSE:GFR) is opposing a challenge to its shareholder rights plan by certain shareholders, including Waterous Energy Fund and directors Julian McIntyre and Venkat Siva. The challenge has been brought to the Alberta Securities Commission.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2024 | 12:34 pm

SAVA

Cassava Sciences Inc (NASDAQ:SAVA) and its executives have agreed to pay over $40 million to settle SEC charges of manipulating Alzheimer's drug trial data. The SEC found that Cassava misled investors by promoting false efficacy data for its drug simufilam. The company's stock is down 10.90% in premarket trading.

Portfolio Pulse from Vandana Singh

September 27, 2024 | 12:28 pm

MNTS

Momentus shares fell after the company received a non-compliance notice from Nasdaq. Additionally, a U.S. District Court issued a preliminary order for a derivative settlement, which will be communicated to stockholders.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2024 | 12:14 pm

IONQ

ONCO

SAVA

Cassava Sciences shares fell 16% after SEC charges for misleading Alzheimer's trial claims. Onconetix shares surged 94% following Altos Venture's 32.5% stake report. IonQ shares rose 10% after securing a $54.5 million contract with the US Air Force Research Lab.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2024 | 12:12 pm