Nasdaq Archives - Zxcoachoutlet

Canadian nano-cap biotech InMed Pharmaceuticals sets terms for $10 million Nasdaq uplisting

October 8, 2020

InMed Pharmaceuticals, a clinical stage biotech developing cannabinoid-based products, announced terms for its IPO on Thursday.

The Vancouver, Canada-based company plans to raise $10 million by offering 2.4 million shares at $4.13, above the last close of its shares on the OTCQX (IMLFF) and the Toronto Stock Exchange (IN). The company is also offering warrants to purchase 2.4 million shares of common stock at an assumed exercise price of $4.13. At the proposed price, InMed Pharmaceuticals would command a market value of $32 million. Because the company is offering warrants and its market cap is below $50 million, InMed is no longer eligible for tracking and will be excluded from Renaissance Capital’s stats.

InMed Pharmaceuticals is developing an API using a synthetic cannabinoid named cannabinol, or CBN, and plans to develop its two products INM-755 for rare skin disease Epidermolysis Bullosa (EB) and INM-088 for glaucoma. INM-755 is currently

Nasdaq Inc. in talks with Texas Gov. Abbott about relocating trading systems to D-FW, sources say

October 7, 2020

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Nasdaq Inc. is in talks with Texas Gov. Greg Abbott about potentially relocating the exchange’s electronic trading systems from New Jersey to Dallas-Fort Worth, according to two sources familiar with the discussions.

Other trading exchanges also could be involved in the discussions, both sources said.

Nasdaq is planning a visit to Texas to meet with the governor, according to one of the sources. Leaders of the exchange have had “a great dialogue” with Abbott, the source said.

The exchange, which has 87 employees in the state, is intrigued by an opportunity touted by Abbott to power its electronic infrastructure with renewable energy from wind farms in the state, according to one of the sources. Nasdaq is the trading platform for many of the nation’s environmentally conscious companies.

When Facebook invested $1 billion in building its massive data center at AllianceTexas north of Fort Worth, it struck a deal to buy

Welltower CEO Resigns | Nasdaq

October 6, 2020

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One of the top names in healthcare real estate investment trusts (REITs) has changed its leadership.

On Monday after market hours, Welltower (NYSE: WELL) announced that its CEO and chairman of the board of directors, Thomas DeRosa, has stepped down from both positions. Company insider Shankh Mitra has replaced him as CEO, and real estate sector veteran Kenneth Bacon takes his place as chairman. All of these moves were effective Monday.

Welltower didn’t provide a detailed reason for the departure of DeRosa, who had served as the REIT’s leader for over six years. In its press release announcing his resignation, the company quoted him as saying vaguely that “the Board and I have decided that now is the right time for me to hand the reins to Shankh.”

Image source: Getty Images.

Mitra, who most recently served as Welltower’s chief investment officer, has been an executive at the REIT since

Stock futures pointing higher as Dow, S&P, Nasdaq climb

October 6, 2020

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Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com.

Shares advanced Tuesday in Asia after hopes for fresh economic stimulus helped Wall Street recover its losses from the initial shock of learning President Donald Trump had tested positive for the coronavirus.

Trump left the hospital after spending less than three days there, returning to the White House late Monday despite uncertainty over his recovery and risks that he is still infectious.

Shares rose in Tokyo, Hong Kong and Seoul. Markets in mainland China are closed for a weeklong holiday.DOW JUMPS 465 POINTS AS TRUMP RETURNS TO WHITE HOUSE

Overnight, the S&P 500 climbed 1.8%. Treasury yields and oil all rose after Trump and House Speaker Nancy Pelosi both noted the importance over the weekend of additional support for the economy.

Australia’s S&P/ASX 200 rose 0.4% to 5,962.10 after the central bank kept its policies basically

Dow Bounces Into Positive Territory But Nasdaq Remains Sharply Lower

October 2, 2020

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(RTTNews) – While the tech-heavy Nasdaq remains sharply lower in early afternoon trading on Friday, the Dow has showed a significant turnaround.

After falling by more than 400 points at the start of trading, the Dow has climbed all the way back into positive territory and is currently up 12.78 points or 0.1 percent at 27,829.68.

The rebound by the blue-chip index was partly due to a statement from House Speaker Nancy Pelosi pledging to provide relief to the airline industry.

Pelosi claimed Congress would either pass stand-alone legislation to aid the airlines or include the relief as part of a broader stimulus bill.

The statement from Pelosi trigged a substantial turnaround by airline stocks, with the NYSE Arca Airline Index currently up by 1.1 percent after plunging by as much as 3.7 percent.

Meanwhile, the Nasdaq has climbed off its worst levels but remains down 168.96 points or 1.5

NASDAQ Rises More Than 1% to Begin October

October 2, 2020

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New Zacks Feature: ASK ALEXA

Now call out a stock name or ticker. Alexa will give you its latest Zacks Rank and price. Also hear daily additions to and deletions from the services you follow. For easy directions on starting Zacks on Alexa, click here >>

Nobody knows yet if October will look more like September or the positive five months that preceded it. But we DO know that it got off to a good start on Thursday.

Not only did the major indices all move higher to kick off the new month, but the NASDAQ led the way. The index saw the biggest drop in September by losing approximately 5.4% as technology fell out of a favor when uncertainty began to rise.

But today it was up 1.42% (or nearly 160 points) to 11,326.51. The FAANGs were all higher with Netflix (NFLX, +5.5%) out front and Apple (AAPL, +0.85%)

EdtechX Holdings launches second blank-check company on Nasdaq

September 28, 2020

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By Douglas Busvine

BERLIN, Sept 28 (Reuters) – EdtechX Holdings, an investment platform focusing on the future of education and work, is launching its second listed blank-check company and is looking to buy a business in the sector worth up to $2 billion.

Run by a Franco-British duo of financiers, EdtechX Holdings Acquisition Corp II is seeking to raise gross proceeds of up to $150 million by floating on New York’s Nasdaq exchange, according to its prospectus filed on Monday.

Flotations by Special Purpose Acquisition Companies (SPACs), or blank-check companies, have in 2020 emerged as an increasingly popular route to the public markets over a traditional IPO.

A SPAC is a shell company which raises funds in an initial public offering (IPO) with the goal of acquiring a private company, usually within two years of listing. The acquired company then becomes publicly traded as a result.

According to the