Benzinga - by Lisa Levin, Benzinga Editor.
Gainers
- Mobile Infrastructure Corporation (NASDAQ: BEEP) shares jumped 98.7% to $12.02.
- GD Culture Group Limited (NASDAQ: GDC) gained 61.8% to $4.11 after it announced the launch of live-streaming e-commerce business on TikTok, a popular social media platform.
- Hersha Hospitality Trust (NYSE: HT) shares climbed 56.5% to $9.82 after it announced a merger with KSL Capital Partners LLC, an investor in travel and leisure businesses.
- Bionomics Limited (NASDAQ: BNOX) rose 54% to $2.3550.
- Hawaiian Electric Industries, Inc. (NYSE: HE) gained 41.8% to $13.70 after the company released an in-depth response to the lawsuit recently filed by the County of Maui surrounding the tragic fires on August 8.
- Genius Group Limited (NYSE: GNS) shares climbed 35.6% to $1.98 after jumping 29% on Friday.
- Thorne HealthTech, Inc. (NASDAQ: THRN) gained 29.3% to $10.10 after the company entered an agreement to be acquired by L Catterton for $10.20 per share in cash.
- Micromobility.com Inc. (NASDAQ: MCOM) shares climbed 28.5% to $0.1028 after gaining 20% on Friday.
- LQR House Inc. (NASDAQ: LQR) shares climbed 27.5% to $1.30. The company's board authorized a share repurchase program, along with an innovative marketing partnership with Gold Standard Media.
- IM Cannabis Corp. (NASDAQ: IMCC) rose 22.4% to $0.8450.
- Selina Hospitality PLC (NASDAQ: SLNA) gained 22.2% to $0.6601. Globant S.A. recently inked a global corporate brand partnership with Selina Hospitality.
- RPT Realty (NYSE: RPT) rose 20% to $11.48. Kimco Realty penned a merger agreement to acquire RPT Realty in an all-stock transaction for around $2 billion, including the assumption of debt and preferred stock.
- VinFast Auto Ltd. (NASDAQ: VFS) shares climbed 17.2% to $80.60 after jumping 40% on Friday.
- Rite Aid Corporation (NYSE: RAD) jumped 15.7% to $0.8155. Rite Aid is reportedly on the brink of filing for bankruptcy amidst many lawsuits over its purported role in the opioid crisis to address its significant debt burden, which exceeds $3.3 billion, through a Chapter 11 filing.
- Sangamo Therapeutics, Inc. (NASDAQ: SGMO) gained 15.5% to $0.8900.
- NeuroMetrix, Inc. (NASDAQ: NURO) gained 13.5% to $0.75.
- BrightView Holdings, Inc. (NYSE: BV) gained 12.2% to $9.15 after the company announced it received a $500 million strategic investment in convertible preferred stock from an affiliate of One Rock Capital Partners.
- Vahanna Tech Edge Acquisition I Corp. (NASDAQ: VHNA) rose 11% to $10.71. On Aug. 28, 2023, Vahanna Tech Edge Acquisition I Corp. issued a press release, announcing that its previously announced business combination with Roadzen, Inc., was approved at a special meeting of Vahanna shareholders on Aug. 25, 2023.
- Novavax, Inc. (NASDAQ: NVAX) climbed 9.2% to $8.78.
- Aehr Test Systems (NASDAQ: AEHR) gained 9.2% to $45.33.
- FLJ Group Limited (NASDAQ: FLJ) shares rose 8.7% to $0.2001. FLJ Group is scheduled to hold its 2023 annual general meeting on Sept. 18, 2023.
- BioNexus Gene Lab Corp. (NASDAQ: BGLC) shares surged 8% to $1.4037 after jumping 10% on Friday.
- Jabil Inc. (NYSE: JBL) gained 7.5% to $111.05 after it reached a preliminary deal for potential $2.2B sale of Mobility business To BYD Electronic.
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Losers- AgileThought, Inc. (NASDAQ: AGIL) shares fell 32.6% to $0.1753. Alliance Global Partners downgraded AgileThought from Buy to Sell.
- NovoCure Limited (NASDAQ: NVCR) fell 31.4% to $20.42 after the company announced its Phase 3 ENGOT-ov50 / GOG-3029 / INNOVATE-3 trial of TTFields with paclitaxel did not meet its primary endpoint.
- Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) fell 23.9% to $9.47. Faraday Future announced a 1-for-80 reverse stock split and authorized share reduction from 1,765,000,000 to 154,437,500.
- Heliogen, Inc. (NYSE: HLGN) shares fell 18.7% to $0.2002 after the company reported a 1-for-35 reverse stock split.
- Xiao-I Corporation (NASDAQ: AIXI) declined 16.6% to $3.32.
- Ideanomics, Inc. (NASDAQ: IDEX) fell 15.5% to $3.6341 after the company reported results for the second quarter.
- Opthea Limited (NASDAQ: OPT) fell 15.3% to $2.61. Opthea successfully completed institutional offer and increased capital raising to A$90.0 million.
- Mullen Automotive, Inc. (NASDAQ: MULN) dipped 12.9% to $0.5651. Mullen announced a Class 3 vehicle purchase order with NRTC Automation Group.
- ReTo Eco-Solutions, Inc. (NASDAQ: RETO) fell 12.3% to $0.9550 after declining 4% on Friday.
- BTC Digital Ltd. (NASDAQ: METX) declined 11.7% to $2.04.
- Scilex Holding Company (NASDAQ: SCLX) fell 10.9% to $2.93.
- Electriq Power Holdings, Inc. (NYSE: ELIQ) fell 9.3% to $2.1402 after declining 21% on Friday.
- Pulse Biosciences, Inc. (NASDAQ: PLSE) declined 8.9% to $6.44.
- Aptorum Group Limited (NASDAQ: APM) shares fell 8% to $2.0250 after jumping 27% on Friday.
- Nikola Corporation (NASDAQ: NKLA) tumbled 7.3% to $1.21. The company last week announced its intention to conduct a registered direct offering involving senior convertible notes, the total value of which could reach up to $325 million. Anticipated net proceeds for Nikola stand at approximately $124.5 million.
- YS Biopharma Co., Ltd. (NASDAQ: YS) fell 7.2% to $1.16. YS Biopharma shares jumped over 65% on Friday after the company announced the purchase of shares by company officers.
- Upwork Inc. (NASDAQ: UPWK) fell 5.4% to $13.96 after BTIG downgraded the stock from Buy to Neutral.
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