On Monday, Following Stocks were among the “Top 100 Losers” of U.S. Stock Market: CorMedix, Inc. (NYSEMKT:CRMD), Gray Television Inc. (NYSE:GTN), SM Energy Corporation (NYSE:SM), Real Goods Solar, Inc. (NASDAQ:RGSE)
CorMedix, Inc. (NYSEMKT:CRMD), with shares declined -7.35%, closed at $7.18.
Gray Television Inc. (NYSE:GTN), with shares dropped -7.14%, settled at $13.39.
SM Energy Corporation (NYSE:SM), with shares dipped -2.40%, and closed at $45.96.
Real Goods Solar, Inc. (NASDAQ:RGSE), plummeted -6.75%, and closed at $0.26, hitting new 52-week low of $0.23.
Latest NEWS regarding these Stocks are depicted underneath:
CorMedix, Inc. (NYSEMKT:CRMD)
CorMedix, Inc. (CRMD), a pharmaceutical corporation focused on developing and commercializing therapeutic products for the prevention and treatment of cardiac, renal and infectious diseases, declared that the registration statements for the shares of its ordinary stock underlying its publicly traded warrants with CUSIP number (No.21900C118) have both been declared effective by the Securities and Exchange Commission. Holders of publicly traded warrants who wish to exercise their warrants will receive freely tradable shares of ordinary stock upon presentation of a properly accomplished exercise notice and full payment for exercise. As formerly stated, the expiration date for these publicly traded warrants is April 30, 2015.
As formerly revealed, the Corporation issued two tranches of warrants in 2010 with the same CUSIP number (No.21900C118). The first tranche of warrants were purchased for cash in connection with the Corporation’s initial public offering of ordinary stock in 2010, and may be exercised at the specified exercise price in exchange for registered, freely tradable shares of ordinary stock issued following a presently effective registration statement. The Corporation filed a post-effective amendment to the registration statement after filing the Corporation’s Annual Report on Form 10-K last week.
The second tranche of warrants was also issued in 2010 to a select group of investors in exchange for debt issued preceding to the Corporation’s initial public offering. The holders of these warrants may now exercise and receive in exchange shares of registered ordinary stock. The Corporation filed a registration statement for the resale of the shares issuable upon exercise of the second tranche of warrants after filing last week of the Corporation’s Annual Report on Form 10-K.
CorMedix Inc., a pharmaceutical corporation, intends to in-license, develop, and commercialize therapeutic products for the prevention and treatment of cardiac, renal, and infectious diseases.
Gray Television Inc. (NYSE:GTN)
Gray Television Inc. (GTN), declared that it has commenced an underwritten public offering, subject to market and other conditions, of 12 million shares of its Ordinary Stock following an effective shelf registration statement. In addition, Gray anticipates to grant the underwriters an option for a period of 30 days to purchase up to an additional 1.8 million shares of Ordinary Stock.
Gray Television expect to place the net proceeds from this offering, counting any net proceeds from the underwriters’ exercise of the option to purchase additional shares, in their corporate treasury for general corporate purposes, and such proceeds may be used from time to time for, among other things, repayment of outstanding debt, capital expenditures, the financing of possible future business expansions and attainments, increasing their working capital and the financing of ongoing operating expenses and overhead.
Wells Fargo Securities is serving as the book-running manager for the offering.
Gray Television, Inc. operates as a television broadcast corporation in the United States. As of February 1, 2015, the corporation owned and operated television stations in 44 television markets broadcasting a total of 140 programming streams, counting 26 associates of the CBS Network, 24 associates of the NBC Network, 16 associates of the ABC Network, and 10 associates of the FOX Network. It also broadcasts secondary digital channels that are associated with CW Network or the CW Plus Network, MyNetworkTV, the MeTV Network, This TV Network, Antenna TV, Telemudo, Heros and Icons, and MOVIES! Network.
SM Energy Corporation (NYSE:SM)
SM Energy Corporation (SM), took part in the following investor event:
March 23, 2015 – Scotia Howard Weil Energy Conference. Jay Ottoson, President and CEO.
SM Energy Corporation, an independent energy corporation, engages in the attainment, exploration, development, and production of crude oil and condensate, natural gas, and natural gas liquids in onshore North America.
Real Goods Solar, Inc. (NASDAQ:RGSE)
Formerly on March 17, Real Goods Solar, Inc. (RGSE), has renewed its revolving line of credit with Silicon Valley Bank (SVB). The corporation also renewed its loans with Riverside Fund III, L.P, an associate of RGS Energy’s largest shareholder, Riverside Renewable Energy Investment (Riverside).
The latest amendment to the corporation’s credit facility with SVB provides RGS Energy with a $5 million revolving line of credit through March 15, 2016. The amendments to the loans from Riverside extend $3.15 million in loans through March 31, 2016.
“The extension of our line of credit and investor loans, coupled with our recently accomplished public offering, significantly strengthen our financial position,” said Dennis Lacey, CEO of RGS Energy. “This will allow us to focus on concluding our restructuring and executing on our 2015 business plan to improve the efficiency and profitability of our business.”
Real Goods Solar, Inc. operates as a residential and commercial solar energy engineering, procurement, and construction corporation in the United States. It provides commercial and residential solar energy solutions.
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