Huang Licheng sold 3 more Bored Ape NFTs to raise funds to increase his long ETH position.
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Jingce Electronics: Plans to acquire a portion of the equity of Shanghai Jingce and raise supporting funds; stock trading suspended.
According to Mars Finance, Jingce Electronics announced that it is planning to acquire a portion of the equity of its holding subsidiary, Shanghai Jingce Semiconductor Technology Co., Ltd., through a combination of share issuance, convertible bonds, and cash payment, and to raise supporting funds. This is expected to constitute a major asset restructuring and related-party transaction. Due to the uncertainty of the matter, the company's stock and convertible bonds (Jingce Convertible Bond 2) will be suspended from trading on July 9, 2026. The transaction plan is expected to be disclosed within 10 trading days.
Rivian shares fell 8.9% in pre-market trading after a share issuance to raise funds.
According to ChainCatcher, Rivian's stock price fell 8.9% in pre-market trading due to the company's plan to raise funds through a share issuance.
SK Hynix is considering paying investment banks approximately 0.5% of the total funds raised in its ADR offering as underwriting fees.
According to a Bloomberg report citing sources familiar with the matter, SK Hynix Inc. is considering paying underwriting fees of approximately 0.5% of the total funds raised to investment banks involved in its US IPO. This deal is expected to be one of the largest stock offerings in history. The sources indicated that while SK Hynix has stated its intention to issue new shares representing up to 2.5% of the company's total share capital, the final offering size has not yet been determined, which will directly impact the underwriting fees received by the investment banks. In addition, SK Hynix may also pay additional discretionary bonuses to the participating investment banks on top of the base underwriting fees. The sources stated that discussions are ongoing, and the details of the final agreement are still subject to change. Click the original link below to join the Beating · Feishu AI news channel for 24/7 monitoring of global AI hot topics and news.
Institutional clients have sold off US stocks for the fourth consecutive week, while hedge funds and retail investors have become net buyers.
According to Mars Finance, on July 2nd, the latest data from Bank of America shows that institutional clients have sold off US stocks for the fourth consecutive week, with inflows into the technology sector falling to a record low; individual stocks saw outflows of $9.9 billion, the fourth largest since 2008. In contrast to the continued selling by institutional clients, hedge funds were net buyers during this period. Retail clients also reversed their previous trend, becoming net buyers for the first time in six weeks, indicating a divergence among different types of investors in the current market environment. Regarding corporate behavior, Bank of America data shows that corporate clients' buyback activities slowed for the fifth consecutive week, falling to the lowest level since February of this year. The continued weakening of buyback activity echoes the overall cautious sentiment among institutional clients regarding the reduction of their holdings in technology and financial stocks.
Empery Digital may sell some of its 3,000 Bitcoins to raise funds for its $65 million AI data center project.
Odaily Odaily reports | _2024111120230_ | An article published on the X platform states that Empire Digital EMPD indicated it may sell a portion of its 3,000 Bitcoin holdings to raise funds for a $65 million AI data center project. The company currently has no plans to further increase its BTC holdings.
"Machi Big Brother" sold 3 BAYC tokens in exchange for 27.42 ETH to increase long position.
According to Foresight News and Lookonchain monitoring, "Machi Big Brother" sold 3 BAYC tokens today for 27.42 ETH (approximately $44,000) to raise funds to increase long ETH position, incurring a loss of 25 ETH (approximately $40,000). He currently holds a long position of 2,600 ETH (approximately $4.2 million), with a liquidation price of $1,596.69.