NioCorp Announces Closing of US$10 Million Funding Deal benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
Nasdaq & NYSE Penny Stocks To Watch This Week
We always talk about following trends when it comes to penny stocks. It might be a niche like electric vehicles or an entire sector like biotech. On this note, the latter has been one of the hottest corners of the stock market today. In fact, biotech and small-cap stocks were among the top performers of the week so far. Letâs take a few of the benchmark ETFs to show what Iâm talking about.
The NASDAQ Biotech ETF (IBB) and Russell 2000 Small-Cap ETF (IWM) reached fresh all-time highs. Meanwhile, the broader S&P 500 (SPY) came up short. Whatâs more, is that the Biotech ETF closed 9 cents shy of its high. The strength in small-cap biotech stocks may be something to take notice of right now. Thatâs also true in light of continued momentum stemming from vaccine stocks. With the new, more contagious variant identified in the U.S. this week, there could be a brighter spotlight on sector stocks.
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Edenville Energy Plc, an AIM quoted company operating the Rukwa Coal Project in southwest Tanzania, has provided the following corporate update.
Funding agreement with Lind Partners LLC: update
The company has provided an update regarding its outstanding funding agreement with Lind Partners LLC, that was first announced on 6 November 2018 (the funding agreement).
As announced on 6 October 2020, Lind requested Edenville repay the total outstanding balance of the funding agreement, being US$580 000, by 30 November 2020. The company has since been engaged in a constructive dialogue with Lind regarding the repayment terms of the funding agreement and is pleased to report the revised repayment schedule has been agreed as follows:
Psychedelic Industry Setting Up For an Even Bigger 2021 Dealmaking is going strong and looks set to continue as mental health becomes a key investment theme going forward.
Money is continuing to flow towards the psychedelic sector as the group has become the hot spot for investors. Despite the issue that any payoff in this industry could be years away, companies are easily raising capital and deals are quickly oversubscribed. The capital raises of 2020 could continue into 2021. Here s an example of some of the deals that have happened in just the past few months. In November, ATAI Life Sciences announced the successful closing of its $125 million Series C financing round, including $32 million of its 2020 convertible debt that converted in connection with the Series C.
Seelos Therapeutics Raises $10 Million In Private Placement of Senior Secured Convertible Note
Seelos Therapeutics, Inc. a clinical-stage biopharmaceutical company focused on the development of therapies for central nervous system disorders and rare diseases, today announced the sale of a $12.0 million senior secured convertible note and shares of Seelos common stock to investors including Lind Global Asset Management II, LLC, an investment fund managed by The Lind Partners, a New York based institutional …
– Seelos Therapeutics, Inc. (Nasdaq: SEEL), a clinical-stage biopharmaceutical company focused on the development of therapies for central nervous system disorders and rare diseases, today announced the sale of a $12.0 million senior secured convertible note (the “Note”) and shares of Seelos common stock (the “Closing Shares”) to investors (the “Investors”), including Lind Global Asset Management II, LLC, an investment fund managed by The Lind Partners, a New Yo