On Friday, CAMAC Energy Inc (NYSEMKT:CAK)’s shares declined -8.72% to $0.822.
CAMAC Energy Inc (CAK) will implement a reverse stock split of its common stock following which each six shares of common stock will be converted into one share of common stock, effective as of 5:00 p.m. Eastern time on Wednesday, April 22, 2015.
Co presently with the reverse stock split, the Company declared it will change its name to Erin Energy Corporation and will trade under the new ticker symbol “ERN” on both the NYSE MKT and the Johannesburg Stock Exchange (the “JSE”). Shares of the Company’s common stock will start to trade under the new symbol and on a split-adjusted basis at the opening of trading on Thursday, April 23, 2015 and will have new CUSIP and ISIN numbers.
CAMAC Energy Inc. operates as an independent oil and gas exploration and production company focused on energy resources in Africa. Its asset portfolio comprises of nine licenses covering an area of 43,000 square kilometers, counting production and exploration properties offshore Nigeria; and exploration licenses offshore Ghana, Kenya, and Gambia, in addition to onshore Kenya.
Key Energy Services, Inc. (NYSE:KEG)’s shares dropped -3.12% to $2.17.
Key Energy Services, Inc. (KEG) will report first quarter 2015 financial results after market close on Wednesday, April 29, 2015, and Key administration will host a conference call to talk about these results on Thursday, April 30, 2015 at 10:00 a.m. CDT.
A telephonic replay of the conference call will be accessible on Thursday, April 30, 2015, starting about two hours after the completion of the conference call and will remain accessible for one week.
Key Energy Services, Inc. operates as an onshore rig-based well servicing contractor in the United States and internationally. It offers rig-based services, counting the maintenance, work over, and recompletion of existing oil wells; completion of newly-drilled wells; and plugging and abandonment of wells at the end of their lives, in addition to specialty drilling services to oil and natural gas producers.
At the end of Friday’s trade, Speed Commerce Inc (NASDAQ:SPDC)‘s shares dipped -7.52% to $0.370.
Speed Commerce Inc (SPDC) declared that it reached contracts with investors for a registered direct offering of 13,035,713 shares of our common stock and warrants to purchase up to 9,776,784 shares of our common stock at a combined public offering price of $0.56 per share and related warrants for total gross proceeds of $7.3 million. The warrants will have an exercise price of $0.56 per share.
The offering is predictable to close on or before April 21, 2015, subject to satisfaction of customary closing conditions.
Speed Commerce, Inc. provides e-commerce and fulfillment services to retailers and manufacturers in the United States and Canada. It offers Web platform development and hosting, order administration, fulfillment, logistics, and contact center services, which provide customers with transaction-based services and information administration tools.
Manitowoc Company Inc (NYSE:MTW), ended its Friday’s trading session with -7.31% loss, and closed at $20.17.
Manitowoc Company Inc (MTW) declared updated full-year 2015 Foodservice guidance and offered preliminary first-quarter 2015 results.
For the full year, the company now anticipates Foodservice segment revenues to be about flat contrast to 2014 revenues, while it continues to expect segment operating margins for the full-year 2015 to improve from 2014 in the mid-teen percentage range.
The company is reaffirming the remainder of its full-year 2015 outlook:
- Crane revenue – mid single-digit percentage decline
- Crane operating margins – high single-digit percentage
- Capital expenditures – about $85 million
- Depreciation & amortization – about $110 million
The Manitowoc Company, Inc. designs, manufactures, and sells cranes and related products, and foodservice equipment worldwide. The Cranes and Related Products segment offers lattice-boom cranes, counting crawler and truck mounted lattice-boom cranes, and crawler crane attachments; tower cranes comprising top slewing, luffing jib, topless, and self-erecting tower cranes; mobile telescopic cranes, such as rough terrain, all-terrain, truck mounted, and industrial cranes; and boom trucks comprising telescopic boom trucks under the Manitowoc, Potain, Grove, National Crane, and Shuttlelift brands. Its products are used in various applications, counting energy and utilities; petrochemical and industrial projects; infrastructure development, such as road, bridge, and airport construction; and commercial and high-rise residential construction.
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