After-hours movers: HighPeak Energy jumps on strategic review

After-Hours Stock Movers:

Verb Technology Company, Inc. (NASDAQ: VERB) 28% LOWER; announced that it intends to offer its shares of common stock without warrants in a public offering. Aegis Capital Corp. is acting as the sole book-running manager for the offering

HighPeak Energy, Inc. (NASDAQ: HPK) 8% HIGHER; announced that its Board of Directors (the Board) has voted to initiate a process to evaluate certain strategic alternatives to maximize shareholder value, including a potential sale of the Company. Credit Suisse Securities (USA) LLC and Wells Fargo Securities, LLC have been retained as financial advisors and Vinson & Elkins L.L.P. as legal counsel to assist in the review process. Furthermore, HighPeak is providing 2023 and 2024 guidance herein, as approved by the Board.

PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) 6% LOWER; commenced an underwritten primary offering of 4,250,000 shares of its common stock. The Company also expects to grant the underwriters an option to purchase 637,500 additional shares of its common stock.

Zions Bancorp (NASDAQ: ZION) 4% LOWER; reported Q4 EPS of $1.84, $0.19 better than the analyst estimate of $1.65. Revenue for the quarter came in at $873 million versus the consensus estimate of $865.83 million.

Pliant Therapeutics, Inc. (Nasdaq: PLRX) 3% HIGHER; extends intra-day gains and announced that it has commenced an underwritten public offering of $175.0 million of its common stock.

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