Artelo Biosciences Announces $9.475 Million At-the-Market Private Placement to Initiate Solana Treasury Strategy, Becoming First Publicly-Traded Pharmaceutical Company to Adopt SOL as a Core Reserve Asset
Artelo Biosciences' Treasury Strategy: Artelo Biosciences has entered a securities purchase agreement to raise approximately $9.475 million, which will be used to implement a digital asset treasury strategy centered around Solana (SOL), making it the first publicly traded pharmaceutical company to adopt SOL as a reserve asset.
Leadership and Future Plans: Bartosz Lipiński, a key figure in the Solana ecosystem, will serve as a technical partner for Artelo's treasury initiative, which aims to enhance shareholder value and position the company for sustainable growth through innovative capital management strategies.
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Maxim Group Lowers Artelo Biosciences Rating to Hold
Real-time Intelligence: Benzinga Pro offers the fastest news alerts for traders, helping them stay informed and make timely decisions in the stock market.
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Wolfspeed Shares Surge Over 50%; Check Out 20 Stocks Making Moves in Premarket Trading
Wolfspeed's Reorganization: Wolfspeed, Inc. announced a court-approved reorganization plan that will reduce its debt by 70% and interest payments by 60%, leading to a 50.9% increase in its stock price during pre-market trading.
Other Notable Stock Movements: Several companies saw significant pre-market trading gains, including Sunrise New Energy Co. (up 97%) and Vivakor, Inc. (up 67%), while others like Epsium Enterprise Limited and Artelo Biosciences, Inc. experienced notable declines.
Artelo Biosciences Initiates Underwritten Public Offering to Secure Funding
Public Offering Announcement: Artelo Biosciences has initiated an underwritten public offering of its common stock and/or pre-funded warrants, with all shares being offered by the company.
Market Conditions Impact: The completion, final size, and terms of the offering are contingent on market conditions, and there is no assurance regarding the timing or completion of the offering.
Artelo Biosciences Unveils Plans for Underwritten Public Offering
Public Offering Announcement: Artelo Biosciences, Inc. has initiated an underwritten public offering of its common stock and/or pre-funded warrants, with the offering subject to market conditions and no assurance of completion or specific terms.
Company Overview: Artelo Biosciences is a clinical-stage pharmaceutical company focused on developing treatments for various conditions, including cancer and pain, by modulating lipid-signaling pathways, and is led by an experienced executive team.
Science Applications International Analyst Changes Outlook; Top 3 Downgrades for Monday Revealed
Analyst Downgrades: JP Morgan downgraded Science Applications International Corporation (SAIC) from Overweight to Neutral, lowering the price target from $140 to $115, with shares closing at $104.93.
Artelo Biosciences Rating Change: D. Boral Capital downgraded Artelo Biosciences, Inc. from Buy to Hold, with shares closing at $4.51.
ABM Industries Adjustment: Baird analyst downgraded ABM Industries Incorporated from Outperform to Neutral, reducing the price target from $56 to $54, while shares closed at $48.26.
Market Overview: The article provides insights into various stock performances and analyst ratings, highlighting significant changes in outlook for several companies.
Artelo Biosciences Completes $3 Million Public Offering of Common Stock and Pre-Funded Warrants
Public Offering Details: Artelo Biosciences, Inc. closed an underwritten public offering of 640,924 shares of common stock at $4.40 per share, along with pre-funded warrants for 40,894 shares at $4.399 each, raising approximately $3 million in gross proceeds.
Market Performance: Following the offering, Artelo's stock closed at $4.51, reflecting a 3.68% increase, with no after-hours trading activity reported on NasdaqCM.
Maxim Group Lowers Artelo Biosciences Rating to Hold
Real-time Intelligence: Benzinga Pro offers the fastest news alerts for traders, helping them stay informed and make timely decisions in the stock market.
Exclusive Content: The platform provides exclusive stories and insights generated by Benzinga reporters, enhancing the trading experience for its users.
Community Engagement: Over 10,000 serious traders are part of the Benzinga Pro community, fostering a collaborative environment for sharing market intelligence.
Market Success: Traders utilize Benzinga Pro's resources to gain a competitive edge and improve their chances of winning in the markets daily.
Wolfspeed Shares Surge Over 50%; Check Out 20 Stocks Making Moves in Premarket Trading
Wolfspeed's Reorganization: Wolfspeed, Inc. announced a court-approved reorganization plan that will reduce its debt by 70% and interest payments by 60%, leading to a 50.9% increase in its stock price during pre-market trading.
Other Notable Stock Movements: Several companies saw significant pre-market trading gains, including Sunrise New Energy Co. (up 97%) and Vivakor, Inc. (up 67%), while others like Epsium Enterprise Limited and Artelo Biosciences, Inc. experienced notable declines.
Artelo Biosciences Initiates Underwritten Public Offering to Secure Funding
Public Offering Announcement: Artelo Biosciences has initiated an underwritten public offering of its common stock and/or pre-funded warrants, with all shares being offered by the company.
Market Conditions Impact: The completion, final size, and terms of the offering are contingent on market conditions, and there is no assurance regarding the timing or completion of the offering.
Artelo Biosciences Unveils Plans for Underwritten Public Offering
Public Offering Announcement: Artelo Biosciences, Inc. has initiated an underwritten public offering of its common stock and/or pre-funded warrants, with the offering subject to market conditions and no assurance of completion or specific terms.
Company Overview: Artelo Biosciences is a clinical-stage pharmaceutical company focused on developing treatments for various conditions, including cancer and pain, by modulating lipid-signaling pathways, and is led by an experienced executive team.
Science Applications International Analyst Changes Outlook; Top 3 Downgrades for Monday Revealed
Analyst Downgrades: JP Morgan downgraded Science Applications International Corporation (SAIC) from Overweight to Neutral, lowering the price target from $140 to $115, with shares closing at $104.93.
Artelo Biosciences Rating Change: D. Boral Capital downgraded Artelo Biosciences, Inc. from Buy to Hold, with shares closing at $4.51.
ABM Industries Adjustment: Baird analyst downgraded ABM Industries Incorporated from Outperform to Neutral, reducing the price target from $56 to $54, while shares closed at $48.26.
Market Overview: The article provides insights into various stock performances and analyst ratings, highlighting significant changes in outlook for several companies.
Artelo Biosciences Completes $3 Million Public Offering of Common Stock and Pre-Funded Warrants
Public Offering Details: Artelo Biosciences, Inc. closed an underwritten public offering of 640,924 shares of common stock at $4.40 per share, along with pre-funded warrants for 40,894 shares at $4.399 each, raising approximately $3 million in gross proceeds.
Market Performance: Following the offering, Artelo's stock closed at $4.51, reflecting a 3.68% increase, with no after-hours trading activity reported on NasdaqCM.
