Pre-Open Stock Movers 01/25: (EXPR) (TSIA) (GME) Higher; (GRBK) (CATM) (DPW) Lower (more...)

StreetInsider
25 Jan 2021

Today's Pre-Open Stock Movers

Express, Inc. (NYSE: EXPR) 114% HIGHER; beaten-down stocks targeted for short squeezes, like GME

TS Innovation Acquisitions Corp. (NASDAQ: TSIA) 72.4% HIGHER; Latch, Inc., maker of the full-building enterprise software-as-a-service (SaaS) platform LatchOS, and TS Innovation Acquisitions Corp. (NASDAQ: TSIAU) a publicly traded special purpose acquisition company launched by leading real estate owner, developer, operator and investment manager Tishman Speyer Properties, L.P. ("Tishman Speyer"), today announced that they have entered into a definitive merger agreement that will result in Latch becoming a publicly listed company. The transaction values the Company at an equity value of $1.56 billion post-money. Upon closing, Latch's common stock is expected to trade on NASDAQ under the ticker symbol "LTCH".

GameStop Corp. (NYSE: GME) 58% HIGHER; adds to gains on a short squeeze.

BlackBerry Limited (NYSE: BB) 41% HIGHER; adds to gains on a short squeeze.

AMC Entertainment Holdings Inc. (NYSE: AMC) 39.2% HIGHER; announced today that since December 14, 2020, it has successfully raised or signed commitment letters to receive $917 million of new equity and debt capital. This increased liquidity should allow the company to make it through this dark coronavirus-impacted winter.

Spartan Acquisition Corp. II (NYSE: SPRQ) 39.4% HIGHER; Sunlight Financial LLC (Sunlight), a premier U.S. residential solar financing platform, and Spartan Acquisition Corp. II (NYSE: SPRQ) (Spartan), a publicly-traded special purpose acquisition company sponsored by funds managed by an affiliate of Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, Apollo), today announced that they have entered into a definitive agreement for a business combination that will result in Sunlight becoming a publicly listed company.

ION Acquisition Corp. 1 Ltd. (NYSE: IACA) 33.7% HIGHER; Taboola is going public via a merger with ION Acquisition Corp. 1 Ltd. (NYSE: IACA), a publicly traded special purpose acquisition company, or SPAC, with $259 million in trust.

Green Brick Partners, Inc. (Nasdaq: GRBK) 6.3% LOWER; announced the pricing of a secondary offering of 6,000,000 shares of its common stock by certain affiliates of Greenlight Capital, Inc. (the “Selling Stockholders”) for total gross proceeds (before estimated expenses) of approximately $125.7 million. The Selling Stockholders have also granted the underwriters a 30-day option to purchase up to an additional 900,000 shares of Green Brick common stock. Green Brick will not receive any of the proceeds from the sale of the shares by the Selling Stockholders. The offering is expected to close on January 27, 2021, subject to customary closing conditions.

NCR Corporation (NYSE: NCR) 6.2% HIGHER; NCR and Cardtronics (Nasdaq: CATM), the worlds largest non-bank ATM operator and service provider, today announced that they have entered into a definitive agreement under which NCR will acquire all outstanding shares of Cardtronics for $39.00 per share in an all-cash transaction with an enterprise value of approximately $2.5 billion, including debt. The transaction has been approved by the Boards of Directors of both companies.

Cardtronics (Nasdaq: CATM) 5.9% LOWER; NCR Corporation (NYSE: NCR), a global enterprise technology provider for the financial, retail and hospitality industries, and Cardtronics (Nasdaq: CATM), the worlds largest non-bank ATM operator and service provider, today announced that they have entered into a definitive agreement under which NCR will acquire all outstanding shares of Cardtronics for $39.00 per share in an all-cash transaction with an enterprise value of approximately $2.5 billion, including debt. The transaction has been approved by the Boards of Directors of both companies.

Ault Global Holdings, Inc. (NYSE: DPW) 1.3% LOWER; announced today that it has established an “at-the-market” equity offering program under which it may sell, from time to time, shares of its common stock for aggregate gross proceeds of up to $50,000,000. The shares of common stock will be offered through Ascendiant Capital Markets, LLC, which will act in its capacity as sales agent (the “Agent”).

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