On Tuesday, Shares of Ascent Solar Technologies, Inc. (NASDAQ:ASTI), lost -1.35% to $0.131.
Ascent Solar Technologies, declared the company has been selected for inclusion into the 2015-2016 Ocean Tomo 300® Patent Index (NYSE Euronext: OTPAT), effective November 2, 2015. The Ocean Tomo Index, launched in 2006, is priced and published by the NYSE Euronext.
The Ocean Tomo 300 Patent Index is the first stock index based on the value of corporate intellectual property. The Patent Index is composed of 300 companies chosen for the value of their patent portfolios relative to book value, and is a key market equity index for the knowledge economy. Other technology companies featured on the list comprise 3M Co, Apple Inc., Intel Corp., Microsoft Corp., Qualcomm, Fitbit Inc. and Tesla Motors Ltd.
Rafael Gutierrez, Senior Vice President and COO, said, “Ascent Solar Technologies presently holds exclusive rights to 16 patents, and the company has over 15 additional patents pending. The number of patents, combined with over $200 million of investment in CapEx, R&D and Engineering over the past decade, has allowed Ascent to build a strong and leading IP position in the manufacturing and production of thin-film solar on plastic substrate.”
Ascent Solar Technologies, Inc., a development stage company, designs and manufactures photovoltaic integrated consumer electronics; and portable power applications for commercial and military users.
Shares of Marvell Technology Group Ltd. (NASDAQ:MRVL), declined -1.39% to $8.50, during its last trading session.
Marvell Technology Group Ltd., declared that on November 12, 2015 it had presented a compliance plan to The NASDAQ Stock Market (“NASDAQ”) to support its request for an extension of time to March 8, 2016 to regain compliance with continued listing requirements. Following NASDAQ rules, Marvell’s securities will remain listed on the NASDAQ Global Select Market pending NASDAQ’s review of the plan of compliance plan. Marvell intends to take all necessary steps to achieve compliance with the NASDAQ continued listing requirements as soon as practicable.
Marvell also declared that it presently anticipates issuing preliminary financial information for the third fiscal quarter ended October 31, 2015 by early December 2015.
Marvell Technology Group Ltd. designs, develops, and markets analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. It offers mobile and wireless products comprising communications and applications processors; thin modems; and connectivity solutions, counting Wi-Fi, Bluetooth, near field communication, and FM; and mobile computing products, in addition to silicon solutions and Kinoma software.
Finally, Shares of Linn Co LLC (NASDAQ:LNCO), ended its last trade with -8.07% loss, and closed at $2.05.
LINN Energy, and LinnCo, declared that LINN has reached a series of privately negotiated transactions to exchange an aggregate principal amount of $2 billion of the Company’s senior unsecured notes (the “Unsecured Notes”) for an aggregate principal amount of $1 billion of newly issued senior secured second lien notes (the “Second Lien Notes”). These exchanges are predictable to improve LINN’s balance sheet and reduce interest expense.
The Company has reached exchange agreements with certain unsecured noteholders following which the noteholders have agreed to exchange certain of their existing Unsecured Notes for newly issued Second Lien Notes at a price of 50 percent of the principal amount of the Unsecured Notes set forth in the table below. The Second Lien Notes will be issued following the terms and conditions of an Indenture to be reached between the Company and U.S. Bank, National Association, as trustee (the “Indenture”), will bear interest at a rate of 12.0 percent per annum and have a planned maturity date of December 2020, subject to potential earlier maturity under the conditions to be outlined in the Indenture (“Springing Maturity”).
LinnCo, LLC, through its limited liability company interests in Linn Energy, LLC, focuses on the acquisition and development of oil and natural gas properties in the United States. The company was founded in 2012 and is headquartered in Houston, Texas.