Kyivstar stock falls after pricing of 12.5 million share offering

Investing.com -- Lexicon Pharmaceuticals Inc (NASDAQ:LXRX) stock fell 14.9% Friday after the company announced the pricing of its previously announced underwritten public offering of 32 million shares of common stock at $1.30 per share.

The biopharmaceutical company expects to raise gross proceeds of $41.6 million from the public offering before deducting underwriting discounts and commissions and other expenses. The offering is expected to close around February 2, 2026, subject to customary closing conditions.

In addition to the public offering, Lexicon has agreed to sell shares in a concurrent private placement for expected gross proceeds of approximately $41.1 million. This private placement includes 22.4 million shares of common stock at $1.30 per share and 184,366 shares of Series B Convertible Preferred Stock at $65.00 per share to an affiliate of Invus, L.P., Lexicon’s largest stockholder.

The company also announced that the private placement purchaser has agreed to buy an additional 182,779 shares of Series B Convertible Preferred Stock at $65.00 per share, which is expected to generate approximately $11.9 million in additional gross proceeds.

Lexicon intends to use the net proceeds from both offerings to fund continued research and development of its drug candidates and for working capital and general corporate purposes.

Jefferies and Piper Sandler are serving as joint book-running managers for the public offering, with H.C. Wainwright & Co. acting as lead manager.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Investing.com -- Orion Energy Systems Inc (NASDAQ:OESX) stock plunged 18.3% in premarket trading Friday after the energy-efficient lighting and EV charging station provider announced a public offering of 500,000 shares priced at $14.00 per share.

The offering is expected to raise approximately $7.0 million in gross proceeds before underwriting discounts and other expenses. The company plans to use the proceeds primarily to reduce outstanding debt under its existing credit agreement, with the remainder allocated to working capital and general corporate purposes.

Craig-Hallum Capital Group LLC is serving as the sole managing underwriter for the offering, which is anticipated to close around February 2, 2026, subject to customary closing conditions.

The share offering represents a significant dilution for existing shareholders, which appears to be driving the sharp decline in the stock price. Public offerings often put downward pressure on stock prices as they increase the total number of outstanding shares, thereby reducing earnings per share.

Orion Energy Systems provides energy-efficient LED lighting solutions, electric vehicle charging stations, and maintenance services. The company trades on the Nasdaq under the ticker OESX.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Investing.com -- Starbucks’ 2026 investor day drew positive reactions from analysts, with Bernstein and Morgan Stanley saying the company outlined a clear strategy, achievable financial targets and early signs of operational progress.

Bernstein said the long-term algorithm was “largely beatable,” citing the company’s fiscal 2028 earnings per share range of $3.35 to $4. 

Analyst Danilo Gargiulo wrote that reaching the high end “would require Starbucks to consistently reach 3% comp and realizing all the $2B gross savings,” conditions the firm sees as “easily” attainable through store reinvention, innovation and digital initiatives. 

Bernstein said below-inflation pricing and minimal mix benefits in the guidance strengthen the case that Starbucks “could surpass its goals,” adding that food attachment and the expansion of the protein platform alone could lift checks by 6 percent to 9 percent over the next few years.

Morgan Stanley said the event “offered something for both camps,” with financial targets that “generally brackets our own estimates.” 

Analyst Brian Harbour highlighted the company’s ambition to re-establish itself as consumers’ “third place,” supported by rewards revamps, new platforms and renewed investment in stores. 

While cost-saving specifics remain limited, Morgan Stanley pointed to “almost 100 projects” tied to the $2 billion gross savings plan, though it noted that the “cost picture still needs to be filled in.”

Bernstein reiterated an Outperform rating on SBUX, while Morgan Stanley maintained its Overweight view.