After-Hours Stock Movers 12/14: (GRTX) (CFVI) (DWAC) Higher; (LESL) (LEGN) (PK) Lower (more...)

After-Hours Stock Movers:

Galera Therapeutics (NASDAQ: GRTX) 13.7% HIGHER; BTIG upgraded from Neutral to Buy with a price target of $15.00.

CF Acquisition Corp. VI (NASDAQ: CFVI) 11% HIGHER; gains as Trump Media & Technology Group (NASDAQ: DWAC) has entered into a wide-ranging technology and cloud services agreement with Rumble Inc. Rumble is merging with SPAC CF Acquisition Corp. VI.

Leslies, Inc. (Nasdaq: LESL) 7.1% LOWER; today announced that certain of the Companys non-management stockholders (the Selling Stockholders) intend to offer for sale in an underwritten secondary offering 12,500,000 shares of the Companys common stock (the Offering). The Selling Stockholders will also grant the underwriters a 30-day option to purchase up to an additional 1,875,000 shares of common stock. The Selling Stockholders will receive all of the proceeds from the Offering. Leslies is not offering any shares of its common stock in the Offering and will not receive any proceeds from the Offering, including from any exercise by the underwriters of their option to purchase additional shares. In addition, the Company announced that it has entered into a share repurchase agreement with the Selling Stockholders pursuant to which it intends to repurchase an aggregate of 7,500,000 shares of the Company's common stock from the Selling Stockholders.

Digital World Acquisition Corp. (NASDAQ: DWAC) 5.9% HIGHER; Trump Media & Technology Group (TMTG), today announced that it has entered into a wide-ranging technology and cloud services agreement with Rumble Inc. (Rumble). As part of the partnership, Rumble will deliver video and streaming for TRUTH Social. TMTG and Rumble are also in exclusive negotiations for Rumble to provide infrastructure and video delivery services for TMTGs Subscription Video On-Demand product, TMTG+.

American Virtual Cloud Technologies, Inc. (Nasdaq: AVCT) 4.9% HIGHER; announced that it has entered into a securities purchase agreement for a sale of equity securities to an institutional investor. The initial gross proceeds from the current sale will total $25 million, and combined with the November equity raise, may provide up to approximately $76 million of gross cash proceeds to the company in aggregate, if and when all warrants issued pursuant to the transactions are fully exercised.

Legend Biotech Corporation (NASDAQ: LEGN) 4.7% LOWER; announced that it intends to offer and sell $300.0 million of American Depositary Shares (ADSs), each representing two ordinary shares, in an underwritten public offering.

Skillsoft (NYSE: SKIL) 4.4% HIGHER; reported Q3 EPS of ($0.32), which may not compare to the analyst estimate of ($0.11). Revenue for the quarter came in at $170.6 million versus the consensus estimate of $168.46 million. Skillsoft sees FY2022 revenue of $685-700 million, versus the consensus of $674.64 milion.

Lannett (NYSE: LCI) 2.3% HIGHER; sees insider buying from CEO and CFO.

Park Hotels & Resorts (NYSE: PK) 2.2% LOWER; Goldman Sachs downgraded from Neutral to Sell with a price target of $18.00.

Laureate Education, Inc. (NASDAQ: LAUR) 2% HIGHER; announced that its board of directors approved an increase in the Company's existing share repurchase program, from $500 million to $600 million, to acquire shares of the Company's Common Stock. The Company has repurchased approximately $435 million of shares under the authorization to-date.

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