On Wednesday, CymaBay Therapeutics Inc (NASDAQ:CBAY)’s shares inclined 7.91% to $3.00.
CymaBay Therapeutics, Inc. (CBAY) declared the pricing of its underwritten public offering of 7,120,000 shares of its common stock at a price to the public of $2.81 per share, for predictable gross proceeds of about $20 million. The net proceeds to CymaBay are predictable to be about $18.4 million, after deducting the underwriting discount and estimated offering expenses payable by CymaBay. In addition, the underwriters of the offering have been granted a 30-day option to purchase up to an additional 1,068,000 shares from CymaBay at the public offering price. CymaBay anticipates using the net proceeds from the offering for general corporate purposes, counting clinical trials, research and development, capital expenditures and working capital.
Piper Jaffray & Co. is acting as the sole book-running manager for the offering, and LifeSci Capital LLC is acting as the lead manager.
Cymabay Therapeutics, Inc. focuses on developing therapies to treat metabolic diseases. Its lead product candidate is Arhalofenate, which accomplished five Phase II clinical trials for the treatment of gout. The company’s product candidate also comprises MBX-8025, a selective agonist that is in a Phase II clinical trial in patients with mixed dyslipidemia; and MBX-2982, an oral, G-protein coupled receptor agonist to treat type II diabetes.
Cabelas Inc (NYSE:CAB)’s shares gained 1.57% to $51.72.
Cabela’s Incorporated (CAB) declared that Cabela’s Credit Card Master Note Trust successfully accomplished the sale of $400 million of Asset-Backed Notes, Series 2015-II. The securitization transaction comprised of the issuance of $240 million of Class A-1 Notes, which accrue interest at a fixed rate of 2.25% per year, and $100 million of Class A-2 Notes, which accrue interest at a floating rate equal to one-month LIBOR plus 0.67% per year. The securitization transaction also comprised of the issuance of three subordinated classes of notes in the aggregate principal amount of $60 million. World’s Foremost Bank, Cabela’s wholly owned partner, purchased each of the subordinated classes of notes. Each class of notes issued in the securitization transaction has an predictable life of about five years, with a legal maturity of about eight years. This securitization transaction will assist finance the growth of World’s Foremost Bank’s credit card portfolio.
Cabela’s Incorporated, together with its auxiliaries, operates as a specialty retailer and direct marketer of hunting, fishing, camping, and related outdoor merchandise. The company operates through three segments: Retail, Direct, and Financial Services. The Retail segment sells products and services through its retail stores. The Direct segment sells products through its e-commerce Websites, such as Cabelas.com and Cabelas.ca, in addition to direct mail catalogs.
At the end of Wednesday’s trade, NRG Yield, Inc. Class C (NYSE:NYLD)‘s shares surged 0.57% to $19.46.
NRG Yield, Inc. ( NYLD) plans to present its Second Quarter 2015 financial results in a conference call and webcast to be held Tuesday, August 4, 2015 from 9:30 to 10:00 am Eastern following NRG Energy’s (NRG) earnings call planned for 8:00 am the same day.
NRG Yield, Inc., through its auxiliaries, acquires, owns, and operates contracted renewable and conventional generation, and thermal infrastructure assets in the United States. As of December 31, 2014, it had 4 natural gas or dual-fired facilities, 4 thermal generation facilities, 11 utility-scale solar and wind generation facilities, and 2 portfolios of distributed solar facilities with a capacity of about 2,984 net megawatt (MW).
TiVo Inc. (NASDAQ:TIVO), ended its Wednesday’s trading session with -0.50% loss, and closed at $10.05.
TiVo Inc. (TIVO), a leader in the advanced television entertainment market, and WOW! Internet, Cable & Phone, a top 10 cable operator serving nearly 800,000 customers, recently declared a joint development relationship with Evolution Digital. The agreement comprises plans to deploy TiVo’s software solution across mobile, web and a new low-cost, Hybrid HD Set-Top Box (STB). Evolution Digital will provide the STB hardware.
The offering is achieved through a STB hardware partnership with Evolution Digital. Evolution has created a low-cost STB platform that integrates traditional linear over QAM and Broadband services. The STB uses HD uDTA security, eliminating the hardware-based CableCARD to allow lower price point options for operators. In turn, this allows operators to be aggressive in their roll out of ‘hybrid’ experiences — mixing traditional video with broadband video. When combined with TiVo’s software, this STB can be deployed in multiple modes — a stand-alone HD-STB, a client to a TiVo DVR, or as a client to a next generation cloud TV services such as IP linear and network DVR. The operator investment in STB investment is future proof when combined with TiVo’s multi-mode software.
TiVo Inc. provides television software services and cloud-based software-as-a-service solutions that enable to view video content through various screens. It offers whole-home solutions that comprise 4-Tuner and 6-Tuner digital video recorders (DVRs)/gateways, non-DVR IP set-top boxes (STBs), and software to enable streaming to application on third-party devices, such as iOS and Android mobile phones and tablets through features, such as What to Watch Now, OnePass, integrated search, access to broadband video content, and TiVo online/mobile scheduling. As of January 31, 2015, the company had 5.5 million subscriptions to the TiVo service through its TiVo-owned and television service operators (MSO) businesses.
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