Firefly Aerospace Reports Q2 Earnings, Alongside Scholar Rock and Other Major Stocks Declining in Tuesday's Pre-Market Trading
U.S. Stock Futures: U.S. stock futures showed mixed results, with Dow futures up approximately 0.1% on Tuesday.
Firefly Aerospace Performance: Firefly Aerospace Inc. reported a second-quarter loss of $5.78 per share, leading to a 12.5% drop in its shares during pre-market trading.
Other Stocks Declining: Several other stocks, including Diginex Limited and Scholar Rock Holding Corporation, experienced significant declines in pre-market trading, with Diginex down 17.7% and Scholar Rock down 14.3%.
Market Reactions: Stocks like Opendoor Technologies and Kingsoft Cloud Holdings also fell in pre-market trading, reflecting negative sentiment following recent performance and announcements.
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Scholar Rock Grants 35,200 Shares in Inducement Awards to New Hires
- Inducement Awards: Scholar Rock granted a total of 35,200 shares of common stock to two new employees, comprising 20,400 shares in stock options and 14,800 shares in restricted stock units, aimed at attracting top talent to the company.
- Option Exercise Price: The granted stock options have an exercise price of $43.56 per share, matching the closing price of Scholar Rock's common stock on January 12, 2026, ensuring that new hires' interests are closely aligned with the company's stock performance.
- Vesting Schedule: 25% of the stock options will vest on the first anniversary of each employee's start date, with the remaining 75% vesting in 12 equal quarterly installments, while the restricted stock units will vest in four equal annual installments, ensuring ongoing employee commitment to the company.
- Plan Background: This grant is made under the company's inducement equity plan adopted on June 16, 2022, designed to attract individuals who were not previously employed by Scholar Rock, in compliance with Nasdaq listing rules.
Insider Buying Update for Wednesday, December 17: SRRK, ADGM
Insider Purchase at Scholar Rock: Srinivas Akkaraju bought 29,599 shares of Scholar Rock Holding (SRRK) for $1.18M at $39.92 each, seeing a 13.5% gain during the trading session.
Previous Investment by Akkaraju: Prior to this purchase, Akkaraju had acquired $18.81M worth of shares at $37.58 each within the last year.
Adagio Medical Holdings CEO Purchase: Todd Usen, CEO of Adagio Medical Holdings, purchased 207,315 shares for $225,973 at $1.09 each, while the stock was down about 2.5% on the day.
Market Performance: Scholar Rock Holding's stock was up approximately 0.4% on Wednesday, with SRRK reaching a high of $45.32 during trading.
