After-Hours Stock Movers 04/12: (MFNC) (RILY) (DMRC) Higher; (AMRN) (NI) (CHWY) Lower (more...)

April 12, 2021 5:38 PM EDT

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After-Hours Stock Movers:

Mackinac Financial Corporation (NASDAQ: MFNC) 54.9% HIGHER; Nicolet Bankshares, Inc. (NASDAQ: NCBS) and Mackinac Financial Corporation (NASDAQ: MFNC) today jointly announced the execution of a definitive merger agreement, pursuant to which Nicolet will acquire Mackinac and its wholly-owned banking subsidiary, mBank.

B. Riley Financial Inc. (NASDAQ: RILY) 10.6% HIGHER; will replace The Michaels Companies Inc. (NASD:MIK) in the S&P SmallCap 600 effective prior to the opening of trading on Thursday, April 15.

Digimarc Corporation (NASDAQ: DMRC) 7% HIGHER; announced the retirement of Bruce Davis as Digimarc's President and Chief Executive Officer and as Chairman and member of Digimarc's Board of Directors, effective immediately. Riley McCormack, a current member and Lead Director of the Digimarc Board, has been appointed as the Company's President and Chief Executive Officer, effective today, and will remain as a director of the Company.

Amarin Corporation plc (NASDAQ: AMRN) 4.1% LOWER; today announced that John F. Thero, 60, has informed the board of directors of his plan to retire as president and chief executive officer, effective August 1, 2021. He will also step down from the board at that time. The board has appointed Karim Mikhail, 50, Amarins senior vice president and head of commercial for Europe, to succeed Mr. Thero as the companys next president and chief executive officer. Mr. Mikhail will join the board upon his effective date. Mr. Thero will continue to provide his guidance and expertise to the company in an advisory capacity through the end of 2021.

NiSource Inc. (NYSE: NI) 3% LOWER; announced today its intention to offer to sell, subject to market and other conditions, 7,500,000 Equity Units, each with a stated amount of $100.

Harmonic (NASDAQ: HLIT) 2% HIGHER; today announced that it has entered into a cooperation agreement with Scopia Capital Management LP.

Essential Properties Realty Trust, Inc. (NYSE: EPRT) 1.5% LOWER; commenced an underwritten public offering of 6,500,000 shares of its common stock. The Company expects to grant the underwriters a 30-day option to purchase up to an additional 975,000 shares of common stock. The Company expects to use the net proceeds from the offering to repay amounts outstanding on its revolving credit facility and for general corporate purposes, including potential future investments. All of the shares are being offered by the Company.

Chewy (NYSE: CHWY) 1.5% LOWER; Holder BC Said to Offer 6.1M Share Block Trade - Bloomberg

Angi Inc. (NASDAQ: ANGI) 0.7% HIGHER; Total Angi Inc. Revenue rise 31% in March.



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B. Riley, Scopia Capital, Standard & Poor's, After-Hours Movers, Definitive Agreement