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IlearningEngines  stock is sliding lower on Monday after the artificial intelligence (AI) learning automation platform filed a notice of effectiveness for a share offering.

This notice is tiled to a proposed offering filed on July 22. At that time, the company said it planned to sell up to 22,624,975 shares of AILE stock in the offering.

The offering was also noted to include warrants for another 8.25 million shares of AILE stock. The company’s notice today has this stock offering going into effect.

However, the company hasn’t yet released the finer details of this offering. That means we don’t know how much it decided to sell the shares for.

What This Means for AILE Stock

Even so, we know this is having a negative effect on AILE shares today. That’s due to the offering increasing the total number of AILE stock on the market. This dilutes the stakes of current investors in the company.

Adding to that is the pricing of the public offering. While we don’t yet know this number, it will likely be below the stock’s prior closing price. That would be another reason for shares of AILE stock falling on Monday.

AILE stock is down 32.7% as of Monday morning.

Investors will want to keep reading for more of the most recent stock market stories today!

We have all of the hottest stock market news that traders need to know about on Monday! That includes what’s going on with shares of Meta Materials , Ainos  and PS International Group P stock today. All of this info is ready to go at the links below!

More Stock Market News for Monday

• Why Is Meta Materials (MMAT) Stock Down 14% Today?
• Why Is Ainos (AIMD) Stock Up 38% Today?
• Why Is PS International (PSIG) Stock Up 64% Today?

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

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Meta Materials  stock is taking a beating on Monday after the functional materials and nanocomposites company filed for Chapter 7 bankruptcy.

Meta Materials notes that it only filed for Chapter 7 bankruptcy after exhausting all strategic alternatives. As a result of this filing, the company has completely ceased operations as it seeks relief with this move.

The Chapter 7 bankruptcy filing also has Meta Materials being appointed a trustee to operate the company during the process. As a result, all current employees, executives and members of the board of directors have been fired or resigned.

This change leaves Meta Materials in the complete control of the trustee. This individual will work with the court and creditors to resolve the company’s bankruptcy filing.

How This Affects MMAT Stock

MMAT stock is falling on this news and that makes sense. The company likely won’t be around for much longer and that’s expected to result in shares of MMAT being delisted.

MMAT stock is down 13.7% as of Monday morning following a 54.7% drop during normal trading hours on Friday.

There are even more stock market stories traders are going to want to read about today!

Fortunately, we have all of them ready to go with our latest stock market news on Monday! A few examples include what’s happening with shares of Ainos  and PS International Group P stock, as well as the biggest pre-market stock movers this morning. All of this news is ready to go at the links below!

On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.com’s writers disclose this fact and warn readers of the risks.

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

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It’s time to dive into the biggest pre-market stock movers for Monday morning with all of the latest news affecting shares today!

Moving stocks are new patents, insider buying, a company name change and more.

Let’s get into that news below!

Biggest Pre-Market Stock Movers: 10 Top Gainers

• PS International Group P stock is rocketing more than 81% alongside heavy pre-market trading.
• Ainos shares are soaring over 47% after securing new patent licenses.
• LogicMark stock is surging more than 38% alongside details of an upcoming special shareholder meeting.
• VS Media V shares are gaining over 25% despite a lack of news this morning.
• Genius stock is increasing more than 19% on insider buying.
• FSD Pharma shares are rising over 19% on share consolidation and name change plans.
• ProMIS Neurosciences stock is climbing more than 17% this morning.
• ConnectM Technology C shares are heading over 17% higher without any clear news today.
• BioVie B stock is jumping more than 15% on Monday morning.
• Portage Biotech shares are up over 14% this morning.

10 Top Losers

• iLearningEngines stock is plummeting more than 27% after pricing a public offering.
• Meta Materials shares are diving over 17% after filing for bankruptcy.
• Sonoma Pharmaceuticals stock is tumbling more than 15% after missing fiscal Q1 2025 earnings estimates.
• Tenon Medical shares are taking an over 15% beating despite any clear news this morning.
• Humacyte stock is sliding more than 13% on an update from the Food and Drug Administration (FDA).
• Aditxt shares are falling over 12% on a registered direct offering.
• CareMax stock is dropping close to 12% on a Q2 loss and revenue miss.
• Big Tree Cloud D shares are decreasing more than 10% with a delisting notice.
• Azitra A stock is slipping over 10% this morning.
• Bright Minds Biosciences shares close out our pre-market stock movers down more than 10% today.

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

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Shares of Ainos, Inc. rose sharply in today's pre-market trading after the company announced that it has obtained exclusive licenses for a total of 10 invention patents and patent applications from Taiwan Carbon Nano Technology.

Ainos shares jumped 37.7% to $0.7200 in pre-market trading.

Here are some other stocks moving in pre-market trading.

Gainers

• LogicMark, Inc. rose 49% to $0.3201 in today's pre-market trading. On Aug. 5, LogicMark announced the closing of $4.5 million public offering priced at-the-market.
• PS International Group Ltd. P gained 27.7% to $1.29 in pre-market trading after jumping 46% on Friday.
• Y-mAbs Therapeutics, Inc. shares rose 27.3% to $14.28 in pre-market trading.
• FSD Pharma Inc. gained 24.5% to $0.2490 in pre-market trading. FSD Pharma shares jumped 118% on Friday after Celly Nutrition, which is backed by FSD Pharma, announced the upcoming launch of its ‘unbuzzd’ recovery drink.
• Genius Group Limited gained 18.5% to $0.16. Genius Group shares gained around 8% on Friday after the company announced its board approved the purchase of up to 10 million shares by founder and CEO Roger James Hamilton.
• ProMIS Neurosciences, Inc. gained 15.4% to $1.41 in pre-market trading. The company, last week, posted a narrower-than-expected quarterly loss.
• Adaptimmune Therapeutics plc jumped 12.8% to $1.12 in pre-market trading.
• Esperion Therapeutics, Inc. gained 11.4% to $2.25 in pre-market trading.
• AirNet Technology Inc. shares gained 10.1% to $0.2999 in pre-market trading after declining around 20% on Friday.

Losers

• Meta Materials Inc. shares declined 27.7% to $0.6810 in pre-market trading. Meta Materials shares dipped around 55% on Friday after the company disclosed in an SEC filing that it ceased operations and filed a voluntary petition for relief under the provisions of Chapter 7 of Title 11 in the US Bankruptcy Court.
• iLearningEngines, Inc. shares dipped 25.8% to $4.29 in pre-market trading. ILearningEngines will report financial results for the second quarter before the opening bell on Tuesday, Aug. 13.
• Tenon Medical, Inc. declined 16.9% to $0.49 in pre-market trading. Tenon Medical will release financial results for the second quarter after the closing bell on Aug. 13.
• Sonoma Pharmaceuticals, Inc. shares declined 15.4% to $0.21 in pre-market trading. Sonoma Pharmaceuticals shares dipped around 20% on Friday after the company reported worse-than-expected first-quarter financial results.
• Humacyte, Inc. shares fell 13.4% to $6.85 in pre-market trading after the company announced that the FDA will require additional time to complete its review of the BLA for ATEV in the treatment of vascular trauma.
• Big Tree Cloud Holdings Limited D shares fell 11.6% to $1.30 in pre-market trading after jumping 70% on Friday.
• ENDRA Life Sciences Inc. fell 11.1% to $0.0448 in pre-market trading. ENDRA Life Sciences will report financial results for the three and six months ended June 30 on Wednesday, Aug. 14.
• CareMax, Inc. fell 7.7% to $4.19 in today's pre-market trading after the company reported worse-than-expected second-quarter results.
• Hawaiian Electric Industries, Inc. fell 7.7% to $14.28 pre-market trading after the company reported weak second-quarter earnings.
• Pagaya Technologies Ltd. shares fell 6% to $13.37 in pre-market trading. The company reported second-quarter results on Friday.

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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

U.S. stocks traded mixed toward the end of trading, with the Nasdaq Composite gaining more than 50 points on Friday.

The Dow traded down 0.05% to 39,426.08 while the NASDAQ rose 0.36% to 16,720.23. The S&P 500 also rose, gaining, 0.30% to 5,335.46.

Leading and Lagging Sectors

Information technology shares climbed by 0.6% on Friday.

In trading on Friday, industrials shares fell 0.3%.

Top Headline

The total number of active U.S. oil rigs increased by three to 485 rigs this week, Baker Hughes Inc reported.

Equities Trading UP

• Doximity, Inc. shares shot up 36% to $35.02 after the company reported better-than-expected first-quarter financial results. Additionally, the company issued FY24 revenue guidance above estimates.
• Shares of Iteris, Inc. got a boost, surging 63% to $6.99 after the company announced it will be acquired by Almaviva for $335 million.
• Blend Labs, Inc.   shares were also up, gaining 19% to $3.2050 after the company reported better-than-expected second-quarter financial results. Also, William Blair upgraded the stock from Market Perform to Outperform.

Equities Trading DOWN

• AN2 Therapeutics, Inc. shares dropped 60% to $1.0650 after the company announced that it will discontinue its EBO-301 study following topline results from its Phase 2 part of the study in treatment-refractory patients with MAC lung disease.
• Shares of Vicinity Motor Corp. were down 64% to $0.1091. Vicinity Motor will release financial results for the second quarter, after the closing bell on Wednesday, Aug. 14.
• Meta Materials Inc. was down, falling 44% to $1.16 after the company disclosed in an SEC filing that it ceased operations and filed a voluntary petition for relief under the provisions of Chapter 7 of Title 11 in the US Bankruptcy Court.

Commodities

In commodity news, oil traded up 0.9% to $76.85 while gold traded up 0.2% at $2,467.20.

Silver traded down 0.3% to $27.515 on Friday, while copper rose 0.7% to $3.9865.

Euro zone

European shares closed higher today. The eurozone's STOXX 600 rose 0.57%, Germany's DAX rose 0.24% and France's CAC 40 rose 0.31%. Spain's IBEX 35 Index rose 0.76%, while London's FTSE 100 rose 0.28%.

Asia Pacific Markets

Asian markets closed mixed on Friday, with Japan's Nikkei 225 gaining 0.56%, Hong Kong's Hang Seng Index gaining 1.17%, China's Shanghai Composite Index falling 0.27% and S&P BSE Sensex gaining 1.04%.

Economics

The total number of active U.S. oil rigs increased by three to 485 rigs this week, Baker Hughes Inc reported.

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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.