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Pre-Open Stock Movers 12/11: (TPGY) (LXRX) (DIS)Higher; (AYTU) (AMPY) (QCOM) Lower (more...)

December 11, 2020 9:30 AM

Today's Pre-Open Stock Movers:

TPG Pace Beneficial Finance Corp. (NYSE: TPGY) 121% HIGHER; entered into a definitive agreement with ENGIE New Business S.A.S., a wholly owned subsidiary of ENGIE S.A. (“Engie”), a multi-national utility with headquarters in France, to acquire its subsidiary EV Charged B.V. for a combination of cash and equity. EVBox is a leading global provider of smart charging solutions for electric vehicles with Europe’s largest installed base of charging solutions and the most advanced cloud-based software offering.

Aytu BioScience, Inc. (NASDAQ: AYTU) 25.6% LOWER; Announced today that, due to demand, the underwriter has agreed to increase the size of the previously announced public offering and purchase on a firm commitment basis 4,166,667 shares of common stock of the Company, at a price to the public of $6.00 per share, less underwriting discounts and commissions. The closing of the offering is expected to occur on or about December 15, 2020, subject to satisfaction of customary closing conditions.

Lexicon Pharmaceuticals, Inc. (Nasdaq: LXRX) 22.6% HIGHER; announced today that it has received Fast Track designation from the U.S. Food and Drug Administration (FDA) for the development of LX9211 in diabetic peripheral neuropathic pain.

Collective Growth Corporation (NASDAQ: CGRO) 20% HIGHER; Innoviz Technologies, a technology leader of high-performance, solid-state LiDAR sensors and perception software, today announced it has entered into a definitive agreement to merge with Collective Growth Corporation (NASDAQ: CGRO) in a transaction sponsored by Antara Capital LP and Perception Capital Partners LLC. The transaction is supported by a $200 million fully committed common stock PIPE led by Antara Capital and includes strategic investments from Magna International, Innoviz's Tier-1 partner. Upon completion of the transaction, the combined Company will retain the Innoviz Technologies, Ltd. name and is expected to be listed on NASDAQ under the ticker symbol "INVZ".

Amplify Energy Corp. (NYSE: AMPY) 18.7% LOWER; announced the commencement of an underwritten public offering of 8,548,485 shares of its common stock by certain of its stockholders which are affiliates of Fir Tree Capital Management L.P.

GigCapital3, Inc. (NYSE: GIK) 16.7% HIGHER; Lightning eMotors, a leading provider of complete electrification solutions for commercial fleets, and GigCapital3, Inc. (NYSE: GIK), a Technology, Media and Telecom (TMT) Private-to-Public Equity (PPE) corporation, today announced they have entered into a definitive agreement for a business combination that will result in Lightning eMotors becoming a publicly listed company. Upon closing of the transaction, the combined operating company will be named Lightning eMotors, Inc. and will be listed on the New York Stock Exchange under the ticker symbol ZEV.

Nabriva Therapeutics plc (NASDAQ: NBRV) 15% LOWER; announced that it has commenced a public offering of its ordinary shares (or pre-funded warrants in lieu thereof). All of the ordinary shares (or pre-funded warrants in lieu thereof) in the offering will be sold by Nabriva Therapeutics. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

NantKwest, Inc. (NASDAQ: NK) 13.9% HIGHER; ImmunityBio, a privately-held immunotherapy company, today announced its COVID-19 vaccine candidate protected nasal and lung airways of non-human primates against coronavirus (SARS-CoV-2) in a challenge study. The study, sponsored by the Biomedical Advanced Research & Development Authority (BARDA), provides further evidence supporting the companys use of a second-generation adenoviral vector that induces the immune system to both activate T cells and generate antibodies against multiple viral targetsblocking virus replication and clearing existing infection.

Lordstown Motors (NASDAQ: RIDE) 12.3% HIGHER; Goldman Sachs initiates coverage with a Buy rating and a price target of $31.00.

RMG Acquisition Corp. (NYSE: RMG) 11.4% HIGHER; BTIG initiates coverage with a Buy rating and a price target of $40.00.

Blue Apron Holdings, Inc. (NYSE: APRN) 9.2% HIGHER; announced that it expects results for the 2020 fourth quarter to be better than the company's previously provided outlook for the period. The company expects to report 2020 fourth quarter and full year financial results in February 2021.

Disney (NYSE: DIS) 9.2% HIGHER; one year after launching its Disney+ streaming service, the company said that the number of subscribers increased to 86.8 million from 73.7 million reported in early October.

9 Meters Biopharma, Inc. (NASDAQ: NMTR) 8% LOWER; commenced a proposed underwritten public offering of shares of its common stock.

NAPCO Security Technologies, Inc. (NASDAQ: NSSC) 4.3% LOWER; announced today that its Chairman of the Board and President and Chief Executive Officer, Richard L. Soloway, intends to offer and sell 2,233,071 outstanding shares of common stock beneficially owned by him in an underwritten secondary public offering. Additionally, the Selling Stockholder intends to grant the underwriters a 30-day option to purchase from him up to an additional 334,961 shares of common stock

Dave & Buster's Entertainment (NASDAQ: PLAY) 4% HIGHER; reported Q3 EPS of ($1.01), $0.10 better than the analyst estimate of ($1.11). Revenue for the quarter came in at $109.1 million versus the consensus estimate of $109.36 million.

NIO Inc. (NYSE: NIO) 4% LOWER; to offer 60 million American depositary shares, or ADSs. Each ADS represents one Class A ordinary share, par value US$0.00025 per share.

Qualcomm (NASDAQ: QCOM) 4% LOWER; report Apple is working on its first cellular modem, which would replace Qualcomm modems.

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