Month: May 2021

The enterprise value was $3.5 billion as stated on the agreement, with Branson and Chief Executive Officer Anne Wojcicki both investing $25 million each into a public equity offering of $250 million worth of private investment. Other investors include Casdin Capital, Foresite Capital, Fidelity Management & Research Company LLC and Altimeter Capital. The current shareholders of 23andMe need not to worry as they will own 81% of the combined company, and it is expected that the deal will be done soon around 2nd or 3rd quarter of 2021. The merger decision of 23andMe with a special purpose acquisition company, or SPAC, gives them the benefit of going public without holding an initial public offering or uncertainty. The input of new capital gives the company to further expand its efforts in developing therapeutics using its database of...

This is about 34% of peak price and investors are considering whether this stock is a good buy or not. In terms of potential, the stock definitely has it and it also comes with an attractive valuation given the current stock market trend. Their Q1 earnings report reflects that the core businesses of Alibaba continue to generate higher revenues and profit. All of the key metrics to consider are going up by double digits, like their revenue which went up by about 64% compared to last year’s, which includes organic and inorganic growth. The recent acquisitions, which comprises the 24% was such a good decision that it reaped benefits for the company. The only thing pulling Alibaba down is the recent big fine that they received from the State Administration for Market Regulation of the People’s Republic of China. The fine was related...

FB stock originally went higher than buy point last April 29, reaching a new record high after they released their Q1 earnings report which exceeded estimates. Now that the ongoing concern about growth stocks, as well as concern over Apple’s new privacy measure pulled FB stocks down to buy range, the question of whether this stock is a good buy or not rises.Looking back into the data, Facebook released their Q1 earnings per share of $3.30 which is 93% higher versus last year’s and is $0.93 above expectations. Revenue topped by 48% which was driven by the 30% increase in ad prices and now recorded $28.1 billion. Though the number of ad impressions only grew 12% versus 25% growth in 2020 Q4 records, it is not being bogged down by it. Facebook itself has previously warned that the spike in usage of social media apps is one of the results...

Company announcement no. 11 / 2021Schindellegi, Switzerland – 27 May 2021 NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA OR CANADA, AUSTRALIA, JAPAN OR ANY OTHER JURISDICTION WHERE THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL This announcement does not constitute an offering memorandum or a prospectus as defined by Regulation (EU) No. 2017/1129 of 14 June 2017. The offer to acquire securities pursuant to any offering is made, and any investor should make his investment decision, solely on the basis of information that is contained in a prospectus made generally available in Denmark in connection with the offering. Copies of the prospectus may be obtained by persons in Denmark through the website of the Company as set forth elsewhere in this announcement. Trifork...

Inside informationCompany announcement no. 12 / 2021Schindellegi, Switzerland – 27 May 2021 NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA OR CANADA, AUSTRALIA, JAPAN OR ANY OTHER JURISDICTION WHERE THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL This announcement does not constitute an offering memorandum or a prospectus as defined by Regulation (EU) No. 2017/1129 of 14 June 2017. The offer to acquire securities pursuant to any offering will be made, and any investor should make his investment decision, solely on the basis of information that is contained in a prospectus made generally available in Denmark in connection with the offering. Copies of the prospectus may be obtained by persons in Denmark through the website of the Company as set forth elsewhere...

VANCOUVER, British Columbia and IRVINE, Calif., May 27, 2021 (GLOBE NEWSWIRE) — Clean Power Capital Corp. (NEO: MOVE)(FWB: 2K6)(OTC: MOTNF) (“Clean Power” or the “Company” or “MOVE”). Clean Power is pleased to announce that PowerTap Hydrogen Fueling Corp. will be featured as the primary sponsor on the No. 17 Indy Lights entry piloted by Devlin DeFrancesco, until December 31, 2023 (the “Term”). Through its wholly-owned subsidiary, PowerTap Hydrogen, Clean Power is focused on the PowerTap intellectual property to develop cost-effective infrastructure for incorporating hydrogen fueling into daily life. The partnership with Andretti Steinbrenner Autosport marks the company’s first venture within the motorsports industry. “We are excited to welcome PowerTap Hydrogen to the Andretti-Steinbrenner partner...

LA JOLLA, Calif., May 26, 2021 (GLOBE NEWSWIRE) — Singular Genomics Systems, Inc. (“Singular Genomics”), a company focused on delivering genomic technologies for the advancement of science and medicine, today announced the pricing of its upsized initial public offering of 10,200,000 shares of its common stock at an initial public offering price of $22.00 per share. All of the shares of common stock are being offered by Singular Genomics. The gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses payable by Singular Genomics, are expected to be $224.4 million. The shares are expected to begin trading on the Nasdaq Global Select Market under the ticker symbol “OMIC” on May 27, 2021. The offering is expected to close on June 1, 2021, subject to the satisfaction of customary...