Why AZEK Shares Are Trading Higher By Around 18%; Here Are 20 Stocks Moving Premarket
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 24 2025
0mins
Source: Benzinga
AZEK Company Acquisition: Shares of The AZEK Company Inc rose 18.2% in pre-market trading following the announcement that James Hardie Industries plc plans to acquire the company for $8.75 billion.
Stock Movements: Several stocks experienced significant changes in pre-market trading, with Windtree Therapeutics gaining 54.7% and 23andMe falling 41.9% after initiating voluntary Chapter 11 bankruptcy.
Get Free Real-Time Notifications for Any Stock
Monitor tickers like BTOG with instant alerts to capture every critical market movement.
Sign up for free to build your custom watchlist and receive professional-grade stock notifications.
Analyst Views on BTOG
About BTOG
Bit Origin Ltd is a holding company. The Company through its subsidiary, SonicHash LLC (SonicHash US), it is engaged in Bitcoin mining in the United States. It uses computers called miners to generate Bitcoins, a type of digital asset (also known as a cryptocurrency). It focuses on existing layouts and mining sites in the United States (US). The Company does not have miners for other cryptocurrencies. The Company’s subsidiaries include SonicHash Inc, SonicHash Pte. Ltd., and SonicHash LLC. SonicHash US has approximately 3,200 miners with a hash power of over 304.8 petahashes per second (PH/s) deployed in a Cheyenne, Wyoming facility and has delivered over 1,050 miners with a hash power of around 99.1 PH/s to the same facility, ready for deployment with Phase II of the mining facility.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Bit Origin (BTOG) Announces 1-for-60 Reverse Stock Split, Reducing Class A Shares to 1.5 Million
- Reverse Split Implementation: Bit Origin announced a 1-for-60 reverse stock split effective January 20, reducing Class A shares from 88.6 million to approximately 1.5 million, aimed at meeting Nasdaq's minimum bid price requirement, potentially improving the company's compliance in the capital market.
- Shareholder Approval: On March 14, 2025, shareholders approved a reverse split ratio between 1-for-2 and 1-for-200, granting the board the authority to set the final ratio before March 14, 2026, demonstrating flexibility under shareholder support.
- Market Reaction: Following the reverse split announcement, Bit Origin's stock plummeted 32% on Thursday to its lowest point in nearly nine months, reflecting market concerns about the company's future compliance capabilities, with investor sentiment remaining bearish.
- Compliance Challenges: Although the reverse split aims to assist the company in regaining Nasdaq compliance, the CEO cautioned that there is no assurance of maintaining compliance, highlighting ongoing challenges and uncertainties faced by the company.
Continue Reading
Bit Origin (BTOG) Announces 1-for-60 Reverse Stock Split to Maintain Nasdaq Compliance
- Reverse Stock Split Plan: Bit Origin announced a 1-for-60 reverse stock split effective January 20, 2026, aimed at supporting the company's compliance with Nasdaq's minimum bid price requirement to ensure continued listing.
- Impact on Shares: The reverse split will reduce the company's outstanding Class A shares from approximately 88.6 million to about 1.5 million, while Class B shares will decrease from 768,000 to 12,800, significantly enhancing the per-share value.
- New CUSIP Number: Following the reverse split, the new CUSIP number for Class A shares will be G21621134, ensuring investors can accurately identify and trade the new shares.
- Management Statement: CEO Jinghai Jiang stated that this move is intended to enhance the company's compliance and stability in the capital markets, thereby laying a foundation for future growth.
Continue Reading