Pixie Dust Technologies Inc: Agreement With Lender To Obtain New Debt Financing Of 1.5 Billion Yen

Shares of LENZ Therapeutics, Inc. rose sharply in today's pre-market trading.

CORXEL and LENZ Therapeutics revealed topline data from China Phase 3 Presbyopia trial of LNZ100.

LENZ Therapeutics shares jumped 18% to $31.88 in the pre-market trading session.

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

Gainers

• Healthcare Triangle, Inc. rose 121% to $1.28 in pre-market trading. The Healthcare Triangle announced it acquired substantially all of the business, assets, and operations relating to cloud and technology domain of Securekloud Technologies on Oct. 21.
• Pixie Dust Technologies, Inc. gained 109% to $1.40 in pre-market trading. Pixie Dust Technologies shares dipped 36% on Friday after the company recently announced it will delist its ADR units from the Nasdaq Capital Market and submit a deregistration application with the SEC.
• Jet.AI Inc. shares rose 24.6% to $0.0847 in pre-market trading after falling 16% on Friday. Jet.AI announced the pricing of $1.5 million registered direct offering of 15.6 million shares of common stock at a price of $0.096 per share.
• Top Wealth Group Holding Limited shares surged 24.5% to $0.6720 in pre-market trading after dipping 96% on Friday.
• TC Biopharm (Holdings) Plc shares jumped 19.4% to $1.91 in pre-market trading after dipping 19% on Friday.
• Longeveron Inc. climbed 19% to $2.63 in pre-market trading. Longeveron shared long-term data on transplant-free survival with Lomecel-B in Hypoplastic Left Heart Syndrome (HLHS) at the 51st Annual Meeting CHSS.
• Tarsus Pharmaceuticals, Inc. gained 15.5% to $45.50 in pre-market trading.
• ImmunityBio, Inc. shares rose 11.8% to $5.95 in pre-market trading after jumping 26% on Friday.
• ADS-TEC Energy PLC shares gained 10.3% to $15.99 in pre-market trading.

Losers

• SMX (Security Matters) Public Limited Company shares dipped 30% to $0.9739 in pre-market trading after dipping 33% on Friday.
• Upexi, Inc. shares fell 21.8% to $6.33 in pre-market trading. Upexi shares jumped 170% on Friday after the company said it is currently reviewing trading activity to determine if recent activity involved possible stock manipulation.
• Monopar Therapeutics Inc. shares fell 19% to $13.72 in pre-market trading after dipping 48% on Friday. The company recently entered into an agreement with Alexion, AstraZeneca Rare Disease, for an exclusive worldwide license to ALXN-1840 for Wilson disease.
• EON Resources Inc. fell 16.8% to $1.04 in today's pre-market trading.
• ARB IOT Group Limited fell 16.6% to $0.57 in pre-market trading after jumping 107% on Friday.
• Jeffs’ Brands Ltd fell 16.5% to $0.2821 in pre-market trading after jumping 23% on Friday.
• Koninklijke Philips N.V. declined 16.1% to $26.58 in pre-market trading after posting downbeat quarterly results.
• NWTN Inc. shares declined 13.8% to $0.8090 in pre-market trading after jumping 62% on Friday.
• Indonesia Energy Corporation Limited shares fell 13% to $4.03 after gaining 7% on Friday.
• Tevogen Bio Holdings Inc. fell 9.5% to $2.76 in pre-market trading. Tevogen Bio issued additional guidance on introduction of T Cell therapy for oncology and specialty care therapeutic areas.

Now Read This:

• Wall Street’s Most Accurate Analysts Give Their Take On 3 Real Estate Stocks Delivering High-Dividend Yields

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

Pixie Dust Technologies Inc saw its shares plummet 40% to 61 cents Friday afternoon on downward momentum after the company this week announced the voluntary delisting of its ADRs from the NASDAQ Capital Market.

Pixie Dust Technologies says this move, driven by high costs associated with maintaining the listing and reporting obligations, aims to allow the company to focus on business growth.

The delisting is set to take effect on November 15, with the ADR program terminating on January 21, 2025. The company will also apply for deregistration with the SEC, expected to be finalized by February 12, 2025.

Additionally, following the delisting, PXDT will no longer have reporting obligations under the Securities Exchange Act.

The stock’s volatility also raises concerns among investors, particularly given its 52-week trading range of $8.90 to $0.60.

Read Also: Goldman Sachs Analyst Remains Bullish On Boeing Despite Weak Q3: ‘Long-Term Deep-Value Opportunity’

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

Pixie Dust Technologies Inc shares are trading lower by 29.6% to $1.14 during Thursday’s session after the company’s board has resolved to voluntarily delist its ADRs from the NASDAQ Capital Market and will apply for deregistration with the SEC.

What Else: PXDT says the decision, driven by the high costs of maintaining the NASDAQ listing and ongoing reporting obligations, aims to redirect resources toward business growth.

The company plans to notify NASDAQ and the SEC, with delisting expected to take effect on November 15. Following the delisting, the company's ADR program will terminate on January 21, 2025, and the SEC deregistration is set for February 12, 2025.

Per Pixie Dust Technologies, after these actions, the company’s obligations under the Securities Exchange Act will cease.

Read Also: US Private Sector Growth Remains Strong In October, Price Pressures Now Consistent With ‘Inflation Running Below The Fed’s 2% Target’

According to data from Benzinga Pro, PXDT has a 52-week high of $8.90 and a 52-week low of $1.02.

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