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Seanergy Maritime Announced Successful Closing Of Refinancing Credit Facility
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The institutional ownership of Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) over the previous quarter changed by 216.65%. Last month, the company announced that it successfully closed refinancing of a credit facility which was announced earlier.
The previous facility had an outstanding balance of $29.1 million. This was retired for $23.5 million amount, after a previous lender accepted the reduction.
With this refinancing, the company reduced its debt by an amount of $6.6 million. Additionally, there has been an equity accretion of $5.6 million. Both the factors are adding material significance to the company.
This new facility offers the company, $22.5 million initial balance along with reduced quarterly repayments as well as 5 year term.
Hoth Therapeutics Implements Licensing Agreement With Isoprene Pharmaceuticals
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Hoth Therapeutics Inc (NASDAQ:HOTH) institutional ownership over last three months changed by 134.42%. The company, on July 31 announced that it implemented licensing agreement with Isoprene Pharmaceuticals. The purpose of agreement is acquiring rights for novel retinamides, VNLG-152. These are the Retinoic acid metabolism blocking agents, called RAMBAs.
This agreement gives an edge to Hoth since RAMBAs are used for treating dermatological diseases. The agreement has given a formal organization to the earlier-announced Letter of Intent. As per the agreement, Hoth will get royalty payments from Isoprene for using VNLG-152, which also includes oncology. The latest agreement is a part of Hoth's strategy to reinforce its commitment towards creation of novel therapies used in different kinds of skin diseases.
Sonim Technologies Launches First Remote Speaker Microphone
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Sonim Technologies Inc (NASDAQ:SONM) institutional ownership since May changed by 150.22%. The company recently launched Stone Mountain Phoenix Epic Remote Speaker Microphone. This new RSM comes with varied features that are compatible with Sonim XP8 and XP5s rugged phones.
The RSMs, when used in combination with ESChat PTT service and Sonim handsets facilitate PTT solution. This is said to be the first cellular-based option. This allows consumers in programming as many as 96 different channels on RSMs.
Sonim's collaboration with Stone Mountain, ESChat and Klein has created unique capabilities for the customers who are dependent on critical communications.
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The post Changes in Institutional Ownership Signals Bullish US Stocks: $SHIP $HOTH $SONM appeared first on The Market Signals.
COMTEX_368914975/2700/2020-08-05T08:29:34
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