• The S&P 500 and NASDAQ Composite dropped 0.1% and 0.4%, respectively, as some stocks experienced significant losses.
• Creative Realities Inc., Tremor International Ltd., Check-Cap Ltd., and Natural Alternatives International Inc. were among those that felt the brunt of the market downturn.
• Creative Realities announced its plan to offer 3 million shares at a price point of $2 per share, while Check-Cap reached a deal with Keystone Dental Holdings Inc.
S&P 500 & NASDAQ Composite Drop
WISCONSIN (CoinChapter.com) — The S&P 500 dropped 0.1% as the blue-chip Dow Jones Industrial Average remained below the flat line. The NASDAQ Composite dropped 0.4% after losing more than 1% for two straight sessions.
Creative Realities Inc.
Creative Realities Inc. (NASDAQ: CREX) experienced a significant decline, shedding 36.45% after the pricing of its public offering was set at $2 per share. This saw the Louisville, Kentucky-based digital marketing firm’s stock fall to $2 in premarket trading, starkly contrasting their 72% year-to-date gain recorded at Wednesday’s market close. Creative Realities announced its plan to offer 3 million shares at this price point, with expected proceeds of $6 million.
Tremor International Ltd.
Tremor International Ltd.(NASDAQ: TRMR) reported its financial results for the three and six months ending June 30, 2023. Although the figures were respectable, shareholders sold off nearly 30% of the stock today Highlights of the financial release included the Q2 2023 Contribution ex-TAC, which was $80.2 million, up from $70 .8 million in Q2 2022, marking a year-over-year increase of 13%. Meanwhile, the H1 2023 Contribution ex – TAC reached $147 .1 million , a 4 % increase from $141 .8 million in H1 2022 .
Check – Cap Ltd.
After Check – Cap Ltd.(NASDAQ : CHEK) announced a definitive Business Combination Agreement with Keystone Dental Holdings Inc., shareholders sold . This Keystone Dental Holdings and Check – Cap deal is set to reshape the dental industry landscape , with Keystone Dental ’ s stockholders becoming majority holders of the newly formed entity . Upon completion , this combined public company will be based in Irvine , CA , focusing on driving commercial execution and market development . It will capitalize on Keystone Dental ’ s extensive portfolio of implants , arches , and other tooth replacement solutions . Investors sold out of caution until the company reports future earnings .