Asset icon - trade crypto, stocks, and gold on Pluang
Trade on Pluang
One platform for all markets
Download
Investment
Features
FeesSafety
Academy
More
Pluang+

Ethernity Networks shares plunge 33% as cash crisis forces senior management cuts.

Market News
05 May 2026
Proactive Investors
View Source
Bearish
pluang ai news

Ethernity Networks, a semiconductor tech company, saw its shares drop by a third after revealing a cash crisis that forced its CEO and VP of R&D to reduce their work to part-time. The company failed to receive expected funds from warrant exercises, which were crucial to its 2026 cash flow plan. With shares down 92% over the past year and a current valuation under £200,000, Ethernity now targets $1.6-$1.8 million in revenue mainly from a US defense contract. If revenues fall short, it may need to raise more funds this year while aiming to maintain operations and core R&D capabilities.

More News

Elis buys 853,342 own shares from June 29 to July 3, 2026, for employee plans and bond obligations.

Elis buys 853,342 own shares from June 29 to July 3, 2026, for employee plans and bond obligations.

Elis S.A. disclosed it purchased 853,342 of its own shares between June 29 and July 3, 2026, under an authorized buyback program. The shares were bought primarily to cover maturing employee performance share plans, allocate free shares under an emplo...

Company Fundamentals
Neutral
16 minutes ago
Endeavour Mining buys back 11,000 shares as part of its ongoing buy-back program.

Endeavour Mining buys back 11,000 shares as part of its ongoing buy-back program.

Endeavour Mining plc repurchased 11,000 of its ordinary shares on June 30, 2026, at prices ranging from 3,678 to 3,730 GBp per share. This transaction is part of the company's buy-back program announced in March 2026. After canceling these shares, th...

Company Fundamentals
Neutral
16 minutes ago
Elis repurchases 853,342 shares from June 29 to July 3, 2026, supporting employee plans and convertible bonds.

Elis repurchases 853,342 shares from June 29 to July 3, 2026, supporting employee plans and convertible bonds.

Elis S.A. announced it repurchased a total of 853,342 shares between June 29 and July 3, 2026, under its authorized buyback program. The shares were bought primarily to cover employee performance plans and the international employee share ownership p...

Company Fundamentals
Neutral
16 minutes ago
Network tokenisation to secure $2.4 trillion in global transactions by 2030, driven by fraud reduction and digital commerce growth.

Network tokenisation to secure $2.4 trillion in global transactions by 2030, driven by fraud reduction and digital commerce growth.

Juniper Research forecasts that network-tokenised transactions will grow at an 18.1% annual rate, securing $2.4 trillion globally between 2026 and 2030. This growth is driven by the technology's ability to reduce fraud by protecting card data and ena...

Market News
Bullish
16 minutes ago
Tesla launches Robotaxi in Miami, expanding beyond Texas and California, aiming to boost its stock.

Tesla launches Robotaxi in Miami, expanding beyond Texas and California, aiming to boost its stock.

Tesla has launched its Robotaxi service in Miami, marking its first city outside Texas and California. This expansion is significant as it demonstrates Tesla's push to grow its autonomous ride-hailing network. Investors are watching closely to see if...

Market News
Bullish
1 hour ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App