Strategy, the largest corporate holder of Bitcoin, plans to buy back about $1.5 billion of its 0% Convertible Senior Notes due 2029 at a discount. The company will spend around $1.38 billion in cash to repurchase these notes below their original value, aiming to reduce future liabilities and strengthen its balance sheet. The notes were issued in 2024 with a 0% interest rate and a conversion price far above the current stock price, making conversion unlikely. The transaction is expected to close around May 19, financed by cash reserves, equity sales, and possibly Bitcoin sales, reflecting Strategy's focus on managing capital amid volatile crypto markets.
Glancy Prongay Wolke & Rotter LLP has started a securities fraud investigation into Alphatec Holdings following the company's Q1 2026 earnings report, which missed revenue estimates and lowered its full-year outlook. Alphatec reported lower deliverie...
Revolution Medicines received FDA approval for an expanded access program for its pancreatic cancer drug, daraxonrasib, following positive Phase 3 trial results showing significant survival benefits. The drug demonstrated a median overall survival of...
SaintQuant has officially launched its AI-driven quantitative crypto trading platform, offering retail investors easy, no-code access to automated trading strategies. This launch coincides with Bitcoin surpassing $82,000 and record institutional infl...
SpaceX is expected to release its IPO prospectus soon, aiming to raise $70-75 billion and seek a valuation around $1.75 trillion, which would make it one of the most valuable public companies globally. The company's revenue is largely driven by Starl...
The global protective films market is projected to grow from $5.81 billion in 2026 to $7.62 billion by 2031, at a CAGR of 5.6%. Growth is fueled by rising demand for surface protection during manufacturing, transportation, and installation, especiall...
