88 Biggest Movers From Friday Benzinga 2/1/2021
Gainers
Siebert Financial Corp. (NASDAQ: SIEB) shares climbed 121.6% to close at $8.22 on Friday on heavy volume.
Catabasis Pharmaceuticals, Inc. (NASDAQ: CATB) climbed 70.8% to close at $4.15 after the company announced the acquisition of Quellis Biosciences.
GameStop Corp. (NYSE: GME) shares added 67.9% to close at $325.00 after Robinhood said it would allow some buying of the stocks on Friday after sparking outrage over discontinuing purchases of GME, AMC, and high stocks seeing social media interest. The company’s stock dropped over 44% on Thursday.
Novavax, Inc. (NASDAQ: NVAX) surged 64.9% to close at $220.94 after the company said Thursday that its COVID-19 vaccine candidate NVX-COV2373 showed 89.3% efficacy in Phase 3 trials conducted in the United Kingdom.
FREYR, Entwickler sauberer Batteriezellen der nächsten Generation, wird durch Unternehmenszusammenschluss mit Alussa Energy Acquisition Corp an NYSE gelistet
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Alussa Energy Acquisition Corp and FREYR AS: FREYR, Entwickler sauberer Batteriezellen der nächsten Generation, wird durch Unternehmenszusammenschluss mit Alussa Energy Acquisition Corp an NYSE gelistet
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FREYR has entered into a definitive business combination agreement with Alussa Energy Acquisition Corp. (NYSE: ALUS); upon closing, the combined company will be renamed FREYR Battery and be listed on the New York Stock Exchange under the new ticker symbol FREY
FREYR s mission is to accelerate the decarbonization of transportation and energy systems by delivering the world s cleanest and most cost-effective batteries
FREYR is expected to receive approximately $850 million in equity proceeds as a part of the business combination, enabling the company to accelerate the development of up to 43 GWh of clean battery cell manufacturing capacity in Norway by 2025
Transaction includes a $600 million fully committed Private Investment in Public Equity ( PIPE ) anchored by strategic and institutional investors, including Koch Strategic Platforms, Glencore, Fidelity Management Research Company LLC, Franklin Templeton, Sylebra Capital and Van Eck Associates Corporation