• The S&P 500, Dow Jones Industrial Average, and NASDAQ Composite all experienced losses in today’s trading session.
• Creative Realities Inc., Tremor International Ltd., Check-Cap Ltd., and Natural Alternatives International Inc. were among the day’s biggest losers.
• Keystone Dental Holdings Inc. is set to merge with Check-Cap Ltd., creating a new public company focused on driving commercial executions and market development.
Stock Market Down
The S&P 500, Dow Jones Industrial Average, and NASDAQ Composite all experienced losses in today’s trading session. Creative Realities Inc., Tremor International Ltd., Check-Cap Ltd., and Natural Alternatives International Inc. were among the day’s biggest losers.
Creative Realities Inc.
Shares of 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 30th 2023. Although the figures were respectable, shareholders sold off nearly 30% of the stock today Highlights included Q2 2023 Contribution ex-TAC which was $80.2 million up from $70.8 million in Q2 2022 – an increase of 13%. Meanwhile H1 2023 Contribution ex-TAC reached $147 .1 million a 4% increase from $141 .8 million in H1 2022 .
After Check-Cap Ltd.(NASDAQ: CHEK) announced a definitive Business Combination Agreement with Keystone Dental Holdings Inc., shareholders sold off – as they await future earnings reports from the newly formed entity upon completion of their merger . This combined public company will be based in Irvine , CA focusing on driving commercial execution and market development , capitalizing on Keystone Dental’s extensive portfolio .
Natural Alternatives International Inc.
Natural Alternatives International Inc.(NASDAQ: NAII), a premier formulator , manufacturer , and marketer of customized nutritional supplements has announced a temporary shutdown of its recently opened manufacturing facility due to Covid – 19 related measures . As such , NAII’s financial guidance for fiscal 2021 has been revised downward reflecting an estimated impact on revenue growth between 10 % – 15 % over prior year expectations .