Latest news with #RussellIndexes
Business Wire
4 days ago
- Business
- Business Wire
flyExclusive Releases Shares of Class A Common Stock and Warrants from Lock-Up Agreement
KINSTON, N.C.--(BUSINESS WIRE)--flyExclusive, Inc. (NYSEAMERICAN: FLYX) ('flyExclusive' or the 'Company'), a leading provider of premium private jet experiences, today announced it has executed a waiver letter (the 'Waiver Letter'), effective immediately, to waive the lock-up of 5,625,000 shares of the Company's Class A common stock and warrants to purchase 4,333,333 shares of the Company's Class A common stock owned by EG Sponsor LLC ('EG Sponsor') and its affiliates (excluding those shares attributable to the former independent directors of EG Acquisition Corp., which were only subject to a one-year lock-up that has now expired). The lock-up has already been in effect for over 18 months since the closing of the Company's merger with EG Acquisition Corp. on December 27, 2023, and was set to expire on December 27, 2026. The Company notified EG of its desire to remove the lock-up on EG Sponsor's Class A Common stock and warrants, to which EG Sponsor agreed, as the Company believes it positions flyExclusive to be included in the Russell Indices, which is expected to benefit its shareholders through increased volume and liquidity and support the Company's capital raising efforts. Brad Garner, Chief Financial Officer of flyExclusive, said 'EG Sponsor and its affiliates have been, and will continue to be, outstanding financial and strategic partners to flyExclusive. Since entering the public markets, we have grown the business in a disciplined and thoughtful way, and we look forward to expanding our shareholder base through future inclusion in the Russell Indexes.' About flyExclusive flyExclusive is a vertically integrated, FAA-certificated air carrier providing private jet experiences by offering customers a choice of on-demand charter, Jet Club, and fractional ownership services to destinations across the globe. flyExclusive has one of the world's largest fleets of Cessna Citation aircraft, and it operates a combined total of approximately 100 jets, ranging from light to large cabin sizes. The company manages all aspects of the customer experience, ensuring that every flight is on a modern, comfortable, and safe aircraft. flyExclusive's in-house repair station, aircraft paint, cabin interior renovation, and avionics installation capabilities, are all provided from its campus headquarters in Kinston, North Carolina. To learn more, visit Cautionary Statement Regarding Forward-Looking Statements This press release contains certain forward-looking statements within the meaning of the federal securities laws. These forward-looking statements generally are identified by the words 'believe,' 'project,' 'expect,' 'anticipate,' 'estimate,' 'intend,' 'strategy,' 'future,' 'opportunity,' 'plan,' 'may,' 'should,' 'will,' 'would,' 'will be,' 'will continue,' 'will likely result,' and similar expressions. Forward-looking statements are predictions, projections, and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this document, including but not limited to: the ability to be included in the 2025 Russell Indices; if included, inclusion in the 2025 Russell Indices might not provide increased liquidity or volume in the Company's Class A common stock or provide the Company with greater access to capital; management of growth; the ability of the Company to file timely file its required annual and quarterly reports with the SEC; the ability of the Company to maintain compliance with NYSE American continued listing standards and maintain the listing of the Company's securities on a national securities exchange; the ability of the Company to comply with covenants under and repay its debt; the potential dilution of stock ownership by our capital raising efforts; the outcome of any legal proceedings; volatility of the price of the Company's securities due to a variety of factors, including publication of articles about the Company by third parties, changes in the competitive and highly regulated industries in which flyExclusive operates, variations in operating performance across competitors, changes in laws and regulations affecting flyExclusive's business; the ability to implement business plans, forecasts, and other expectations, and identify and realize additional opportunities; and the risk of downturns and a changing regulatory landscape in the highly competitive aviation industry. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the 'Risk Factors' section of flyExclusive's Annual Report on Form 10-K for the year ended December 31, 2024 and other documents filed by the Company from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. The Company does not give any assurance that it will achieve its expectations.
Yahoo
20-07-2025
- Business
- Yahoo
D-Wave Quantum (QBTS) Achieves Successful US$400 Million Equity Offering
D-Wave Quantum recently experienced a notable exit from numerous Russell indexes, amid its successful $400 million equity offering. While index removals can reflect shifts in a stock's perceived value or stability, the substantial capital infusion might support its future endeavors. During the last quarter, despite these index exits, D-Wave Quantum saw a significant share price increase of 203%, outperforming a flat broader market alongside its ongoing developments such as the launch of the Advantage2 system and a strategic collaboration with South Korean institutions. These factors likely contributed positively to investor sentiment and price movements. Every company has risks, and we've spotted 4 warning signs for D-Wave Quantum (of which 1 is potentially serious!) you should know about. Uncover the next big thing with financially sound penny stocks that balance risk and reward. Over the past year, D-Wave Quantum's shares have experienced a very large increase of 1751.96%, highlighting substantial long-term shareholder returns. In comparison to the US Software industry and the broader US market, which returned 26.3% and 14.8% respectively over the past year, D-Wave's performance has been exceptional. The considerable capital infusion from the $400 million equity offering mentioned in the introduction might aid in supporting D-Wave's revenue growth, which is forecasted to increase by 35% annually. However, despite recent share price surges and a closing price of $18.89, the current share price exceeds the consensus analyst price target of $16.57, indicating a potential overvaluation relative to market expectations. This price movement, juxtaposed with the company's ongoing unprofitability, raises questions about earnings forecasts in the near term. Learn about D-Wave Quantum's future growth trajectory here. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include QBTS. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
Yahoo
20-07-2025
- Business
- Yahoo
D-Wave Quantum (QBTS) Achieves Successful US$400 Million Equity Offering
D-Wave Quantum recently experienced a notable exit from numerous Russell indexes, amid its successful $400 million equity offering. While index removals can reflect shifts in a stock's perceived value or stability, the substantial capital infusion might support its future endeavors. During the last quarter, despite these index exits, D-Wave Quantum saw a significant share price increase of 203%, outperforming a flat broader market alongside its ongoing developments such as the launch of the Advantage2 system and a strategic collaboration with South Korean institutions. These factors likely contributed positively to investor sentiment and price movements. Every company has risks, and we've spotted 4 warning signs for D-Wave Quantum (of which 1 is potentially serious!) you should know about. Uncover the next big thing with financially sound penny stocks that balance risk and reward. Over the past year, D-Wave Quantum's shares have experienced a very large increase of 1751.96%, highlighting substantial long-term shareholder returns. In comparison to the US Software industry and the broader US market, which returned 26.3% and 14.8% respectively over the past year, D-Wave's performance has been exceptional. The considerable capital infusion from the $400 million equity offering mentioned in the introduction might aid in supporting D-Wave's revenue growth, which is forecasted to increase by 35% annually. However, despite recent share price surges and a closing price of $18.89, the current share price exceeds the consensus analyst price target of $16.57, indicating a potential overvaluation relative to market expectations. This price movement, juxtaposed with the company's ongoing unprofitability, raises questions about earnings forecasts in the near term. Learn about D-Wave Quantum's future growth trajectory here. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include QBTS. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
Yahoo
15-07-2025
- Business
- Yahoo
Oklo (OKLO) Joins Russell Indexes Enhancing Market Visibility
Oklo has recently experienced significant developments, including its addition to various Russell Indexes and several high-profile collaborations, which have likely played roles in its share price increase of 171% last quarter. The index inclusions enhance market visibility, while partnerships with Hexium and TerraPower position the company at the forefront of nuclear advancement. Additionally, the company's investment in radioisotope production and a $400 million follow-on equity offering underscore its expansion efforts. In the context of a flat market over the past week and an 11% market increase over the year, these actions collectively emphasize Oklo's robust growth trajectory. We've identified 5 warning signs with Oklo (at least 1 which is a bit concerning) and understanding the impact should be part of your investment process. This technology could replace computers: discover the 26 stocks are working to make quantum computing a reality. Over the past year, Oklo's shares have delivered a very large total return of 615.71%, outperforming both the general US market's 11.4% increase and the 17.4% gain within the US Electric Utilities industry. This stark contrast highlights Oklo's remarkable trajectory despite its current financial challenges. The company's recent strategic moves, such as collaborations with Hexium and TerraPower, are crucial in contextualizing its growth prospects. However, with zero revenue and net losses, these initiatives have yet to translate into positive earnings forecasts. Analysts' price targets place Oklo's shares at US$59.74, slightly lower than its current trading price of US$62.41, reflecting market skepticism regarding immediate profitability. Jump into the full analysis health report here for a deeper understanding of Oklo. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include OKLO. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
05-07-2025
- Business
- Yahoo
Why Krispy Kreme Was Such a Tasty Stock in June
The company was added to some of the less prominent Russell indexes. It also announced several executive transitions. 10 stocks we like better than Krispy Kreme › According to data compiled by S&P Global Market Intelligence, Krispy Kreme (NASDAQ: DNUT) stock rose a sweet 25% across the trading week shortened by the July Fourth holiday. Inclusion in several new stock indexes was the key reason why, while a set of smooth C-suite transitions put some glaze on its donut. Krispy Kreme's stock, which has been a component of the influential Russell 2000 stock index, was tapped for several other equity trackers within the same family. It's now included on the Russell 2000 Value index (not to be confused with the Russell 2000), the Russell 2500 Value index, the Russell Small Cap Comp Value index, and the Russell 3000E Value index. Although landing on an index confers prestige to a stock, such a move rarely has an impact on a company's operations and fundamentals. Still, as a component of a certain index, a stock's popularity will rise simply due to the proliferation of index funds. These instruments are limited to the stocks on a particular index, so naturally, those titles get selected for the related fund or funds. But once it becomes known that a stock is graduating to an index, this dynamic is usually priced in. Later in the week, Krispy Kreme announced a set of executive transitions. Effective July 11, it will have a new CFO -- Raphael Duvivier, its current president of international business and a long-serving company executive. He replaces Jeremiah Ashukian, who is departing for a position at an unnamed private company. Another company veteran, Alison Holder, has been promoted from her current position of chief product officer to chief brand and product officer. Previously in her 25-year career with Krispy Kreme, she filled numerous managerial roles, including senior director of consumer insights. To me, neither development is sufficient to tip Krispy Kreme into buy territory. Revenue has been flat to stagnant lately, and it's posted more quarterly net losses than profits. I don't see many growth paths for the business, especially in a world that is becoming increasingly health-conscious. Before you buy stock in Krispy Kreme, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Krispy Kreme wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $699,558!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $976,677!* Now, it's worth noting Stock Advisor's total average return is 1,060% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 30, 2025 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Krispy Kreme Was Such a Tasty Stock in June was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
