Independence Realty Trust (IRT) Prices 14M Share Offering at $17.75/sh

Pre-Open Stock Movers 07/27: (OGEN) (OBSV) (FFIV) Higher; (BTBT) (MINM) (UPS) Lower (more...)

July 27, 2021 9:24 AM EDT

Pre-Open Stock Movers:

Oragenics, Inc. (NYSE: OGEN) 54% HIGHER; entered into a licensing agreement with the National Research Council of Canada (NRC) that will enable Oragenics to pursue the rapid development of next-generation vaccines against the SARS-CoV-2 virus and its variants. The NRC technologies, in combination with the U.S. National Institutes of Health (NIH) elements found in the Companys Terra CoV-2 vaccine, provide Oragenics with a platform that can generate cell lines for high-yield production of spike protein antigens for existing and emerging variants of... More

After-Hours Stock Movers 07/26: (CERC) (UHS) (FFIV) Higher; (BTBT) (MINM) (TDUP) Lower (more...)

July 26, 2021 5:47 PM EDT

After-Hours Stock Movers:

Cerecor Inc. (NASDAQ: CERC) 14.4% HIGHER; announced positive initial results from a Phase 1b proof-of-concept study evaluating CERC-002, an investigational first-in-class fully human anti-LIGHT (tumor necrosis factor superfamily member 14 (TNFSF14)) monoclonal antibody, in adult patients with moderate to severe Crohn's disease (CD). Crohns disease is a disorder affecting as many as 780,000 people in the United States.

Bit Digital, Inc. (NASDAQ: BTBT) 13.3% LOWER; gained 110% intra-day on move higher... More

Independence Realty Trust (IRT) and Steadfast Apartment REIT Announce Strategic Merger

July 26, 2021 4:34 PM EDT

Independence Realty Trust, Inc. (NYSE: IRT) (IRT) and Steadfast Apartment REIT, Inc. (STAR) today announced that they have entered into a definitive merger agreement under which STAR will merge with and into IRT, with IRT surviving as the continuing public company. The merger will join together two high-quality portfolios with complementary geographic footprints in the highly desirable Sunbelt region of the United States. On a pro forma basis, the combined company will own a portfolio of 131 apartment communities comprising approximately 38,000 units across 16 states. The combined company is expected to have a pro forma equity market capitalization of... More

Independence Realty Trust (IRT) Announces Public Offering of 14M Shares of Common Stock

July 26, 2021 4:21 PM EDT

Independence Realty Trust, Inc. (NYSE: IRT) (IRT) today announced that it is commencing an underwritten public offering of 14,000,000 shares of common stock, par value $0.01 per share, in connection with the forward sale agreements described below. IRT expects to grant the underwriters a 30-day option to purchase up to 2,100,000 additional shares of common stock.

Barclays, BMO Capital Markets and Citigroup are acting as joint book-running managers of the offering.

IRT expects to enter into a forward sale agreement with each of Bank of Montreal and Barclays Capital Inc., or one of their respective affiliates (the... More

Independence Realty Trust (IRT) Reports In-Line Q2 EPS

July 26, 2021 4:20 PM EDT

Independence Realty Trust (NYSE: IRT) reported Q2 EPS of $0.03, in-line with the analyst estimate of $0.03.

Net income available to common shares of $3.4 million for the quarter ended June 30, 2021 compared to a net income of $0.8 million for the quarter ended June 30, 2020.Earnings... More