Streetbeat News

DATS

DatChat, Inc.

https://www.datchat.com

Industry

Software - Application

DatChat, Inc. a communication software company, develops mobile messaging application. The company offers DatChat Messenger & Private Social Network, a mobile application that gives users the ability to communicate with privacy and protection. It also develops a blockchain-based decentralized communications platform that allows consumers and businesses to connect directly with each other. The company was formerly known as Yssup, Inc. and changed its name to DatChat, Inc. in September 2016. DatChat, Inc. was incorporated in 2014 and is based in New Brunswick, New Jersey.

Open

1.98

Mkt cap

6.5M

Volume

2.2M

High

2.43

P/E Ratio

-0.83

52-wk high

4.13

Low

1.97

Div yield

N/A

52-wk low

1.01

DatChat Inc (NASDAQ:DATS) shares dropped after announcing a $1.8 million public offering priced at $1.85 per share. The offering includes an option for underwriters to buy additional shares and is expected to close on Jan. 19. This follows a 51% surge in DATS shares after a corporate update and plans to split DatChat and SmarterVerse into two entities. The stock was trading down 38.7% at $1.95.

Portfolio Pulse from Adam Eckert

January 17, 2024 | 2:24 pm

DatChat's stock price is trading lower following the announcement of a $1.8 million underwritten public offering of common stock.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 1:52 pm

DatChat, Inc. (NASDAQ:DATS) shares plummeted by approximately 33% in pre-market trading due to the announcement of a proposed underwritten public offering of common stock. Other stocks experienced significant movement in pre-market trading, with some notable gainers including RiskOn International, Inc. (NASDAQ:ROI), Meta Materials Inc. (NASDAQ:MMAT), and Solid Power, Inc. (NASDAQ:SLDP), while losers included Phunware, Inc. (NASDAQ:PHUN) and Remark Holdings, Inc. (NASDAQ:MARK).

Portfolio Pulse from Avi Kapoor

January 17, 2024 | 1:18 pm

DatChat, Inc. (NASDAQ:DATS) has announced the pricing of an underwritten public offering of 972,972 shares at $1.85 per share, aiming to raise approximately $1.8 million. The offering includes an option for underwriters to purchase an additional 145,945 shares to cover over-allotments. EF Hutton LLC is the sole book-runner, and the offering is expected to close on January 19, 2024. The shares are offered under a shelf registration statement declared effective by the SEC on December 6, 2022.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 1:06 pm

In Wednesday's pre-market session, several information technology stocks showed significant movement. Airspan Networks (MIMO) saw a dramatic increase of 196.5%, while Impinj (PI) rose by 10.09%. WiSA Technologies (WISA), Nvni Group (NVNI), LG Display Co (LPL), and D-Wave Quantum (QBTS) also experienced gains. Conversely, Phunware (PHUN) plummeted by 61.6%, with DatChat (DATS), Remark Holdings (MARK), Cemtrex (CETXP), Verb Tech (VERB), and Spectaire Holdings (SPEC) all posting losses.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 1:05 pm

After Tuesday's after-market session, several information technology stocks experienced significant movements. Infrared Cameras Holdings (MSAI) and Impinj (PI) were notable gainers, with MSAI rising 20% and PI increasing by 11.68%. Other gainers included Meta Materials (MMAT), LG Display Co (LPL), Arqit Quantum (ARQQ), and GSI Technology (GSIT). On the losing side, Phunware (PHUN) saw a sharp decline of 63.3%, while Remark Holdings (MARK), DatChat (DATS), Spectaire Holdings (SPEC), Rubicon Technologies (RBT), and Plexus (PLXS) also experienced declines.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 9:31 pm

DatChat, Inc. has announced a proposed underwritten public offering of its common stock. This move could potentially dilute existing shareholders but also provide the company with additional capital for growth and operations.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 9:07 pm

U.S. stocks fell with the Dow Jones down 0.93%, NASDAQ down 0.58%, and S&P 500 down 0.66%. PNC Financial Services reported Q4 earnings with revenue at $5.36 billion, surpassing the $5.29 billion consensus, and adjusted EPS of $3.16, above the $2.94 consensus. DatChat shares surged 53% due to a proposed spin-off, HomeStreet gained 44% after announcing a merger with FirstSun Capital Bancorp, and Phunware jumped 282%. Allakos shares plummeted 57% after failing phase 2 trial endpoints, Applied Digital fell 21% on poor financial results, and Leggett & Platt dropped 8% due to a restructuring plan. Gold and oil prices declined, while silver and copper had mixed results. European stocks closed mostly lower, and Asian markets also saw declines, except for China's Shanghai Composite which rose slightly.

Portfolio Pulse from Avi Kapoor

January 16, 2024 | 7:14 pm

In Tuesday's intraday session, several IT stocks experienced significant movements. Phunware (PHUN) saw a massive increase of 268.9%, while DatChat (DATS) and SEALSQ (LAES) also posted strong gains. On the downside, Applied Digital (APLD) dropped 22.1% after Q2 earnings release, with Minim (MINM), Inuvo (INUV), The9 (NCTY), Porch Group (PRCH), and Nvni Group (NVNI) also experiencing declines.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 5:31 pm

DatChat, Inc. (NASDAQ:DATS) shares surged after announcing plans to separate into two publicly listed companies, distributing shares of SmarterVerse to DatChat shareholders. The move aims to accelerate growth for both entities. DatChat currently owns about 75% of SmarterVerse, which operates the Habytat AI Gaming platform and metaverse. The distribution is pending board approval. High short interest in DATS may be amplifying the stock's rise.

Portfolio Pulse from Erica Kollmann

January 16, 2024 | 5:23 pm

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