After-hours movers: WW jumps on Sequence deal, Nutanix falls following results
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WeightWatchers (WW) gains on announced acquisition of Sequence digital health platform
March 7, 2023 1:15 PM ESTShares of WW International Inc (NASDAQ: WW) (commonly known as WeightWatchers) surged more than 50% Tuesday following the companys announcement that the weight loss company has entered into a definitive agreement to acquire subscription telehealth platform, Sequence.
Launched in 2021, Sequence now serves about 24,000 members across the U.S., as of February 2023, and clocks about $25 million in annual revenue on a run-rate basis. Sequence members have highlighted the benefits of its service, including support in navigating the insurance approval process and the quality care they receive from... More
Rivian (RIVN) shares drop on planned convertible bond offering
March 7, 2023 7:35 AM ESTRivians (NASDAQ: RIVN) stock fell as much as 8% to $15.75 in late trading on Monday after the electric vehicle maker announced that it is seeking to raise $1.3 billion through the sale of green convertible bonds due in 2029. Rivian plans to sell bonds weakening demand and lofty costs tighten a cash crunch around... More
Rivian Automotive (RIVN) sinks 8% following $1.3b green convertible senior offering
March 6, 2023 5:55 PM ESTRivian Automotive (NASDAQ: RIVN) falls 7.8% after-hours after announcing a $1,300,000,000 aggregate principal amount of green convertible senior notes offering
the notes will be due in 2029.Rivian intends to use the net proceeds from the offering to finance, refinance, make... More