On Wednesday, Shares of Great Basin Scientific Inc (NASDAQ:GBSN), lost -7.62% to $0.0800.
Great Basin Scientific, declared that on October 14, 2015, the Company received notice from the NASDAQ Listings Qualifications Staff indicating that the Company did not satisfy the minimum $35 million market value of listed securities and $1.00 bid requirements for continued listing on The NASDAQ Capital Market, as set forth in NASDAQ Listing Rules 5550(b) and 5550(a) price, respectively. In accordance with the NASDAQ Listing Rules, the Company has been offered a grace period of 180 calendar days, through April 11, 2016, to evidence compliance with the Rules. In order to satisfy the Rules, the Company must evidence a market value of listed securities of at least $35 million and a closing bid price of at least $1.00 per share for a minimum of 10 successive business days (and generally not more than 20 business days) on or before April 11, 2016. The notice has no effect on the listing or trading of the Company’s common stock on The NASDAQ Capital Market at this time.
The Company is considering its options to address the deficiencies, counting as formerly declared to file a proxy for a special shareholders meeting to solicit a vote on the implementation of a reverse stock split to evidence compliance with the $1.00 bid price requirement.
Great Basin Scientific, Inc., a molecular diagnostic testing company, doing business as Great Basin Corporation, develops and commercializes molecular diagnostic systems that are designed to test hospital-attained infections.
Shares of United Technologies Corporation (NYSE:UTX), inclined 2.61% to $98.12, during its last trading session.
United Technologies Corp., stated third quarter 2015 results. All results in this release reflect ongoing operations unless otherwise noted.
Third quarter earnings per share of $1.61 and net income attributable to common shareowners of $1.4 billion were down 17 percent and 19 percent, respectively, as compared to the third quarter of 2014. Results for the current quarter comprise restructuring costs of $0.06 per share, while earnings per share in the year ago quarter comprised $0.22 of favorable one-time items net of restructuring. Not Taking Into Account these items in both quarters, earnings per share of $1.67 reduced 2 percent year-over-year. Foreign currency had an unfavorable impact of $0.05, or 3 percent in the quarter. Not Taking Into Account the impact of both unfavorable foreign exchange rate changes and restructuring and one-time items, earnings per share were up 1 percent year-over-year.
Sales of $13.8 billion reduced by 6 percent in the quarter, driven by 5 points of adverse foreign exchange and a 1 point decline in organic sales primarily attributed to a delay in engine deliveries as a result of the transition to a new logistics center at Pratt & Whitney. These deliveries should largely be recovered in the fourth quarter. Third quarter segment operating margin was 17.2 percent, and 17.6 percent when adjusted for restructuring costs.
United Technologies Corporation provides technology products and services to building systems and aerospace industries worldwide. Its Otis segment designs, manufactures, sells, and installs passenger and freight elevators, escalators, and moving walkways; modernization products to upgrade elevators and escalators; and maintenance and repair services.
Finally, Shares of SolarWinds Inc (NYSE:SWI), ended its last trade with 16.20% gain, and closed at $58.30.
SolarWinds, declared that it has reached a definitive agreement to be attained by leading private equity technology investment firms Silver Lake Partners and Thoma Bravo, LLC. Under the terms of the agreement, SolarWinds stockholders will receive $60.10 per share or about $4.5 billion in cash. The agreement was approved by SolarWinds’ Board of Directors following a comprehensive review of planned alternatives.
“This transaction recognizes the strength of our unique business model and provides our shareholders with immediate and substantial cash value at a compelling premium,” said Kevin B. Thompson, President and Chief Executive Officer of SolarWinds. “We remain committed to our customers and to delivering world class products to assist IT professionals manage all things IT in today’s increasingly performance-driven IT infrastructures. Becoming a private company will provide SolarWinds with optimal operating flexibility to execute on its long-term strategy of providing superior products for IT and Dev Ops Pros all over the world. We are extremely excited about partnering with Silver Lake and Thoma Bravo in the next chapter of the SolarWinds story.”
“The Board of Directors evaluated a wide variety of planned,” said Buzz Waterhouse, a member of the Board of Directors of SolarWinds. “Ultimately, the Board concluded that Silver Lake and Thoma Bravo’s offer to acquire SolarWinds is the best way to maximize value for our stockholders.”
SolarWinds, Inc., together with its auxiliaries, designs, develops, markets, sells, and supports enterprise-class information technology (IT) and infrastructure administration software to IT and DevOps professionals in various organizations worldwide.
