Neonode Inc. (NASDAQ:NEON) the optical touch technology company, announced the closing of a previously-announced private placement of common stock for $10 million in gross proceeds. Under the terms of the private placement, Neonode issued to an institutional investor 2,500,000 shares of common stock at a price of $4.00 per share and a warrant to purchase an additional 2,500,000 shares of common stock at an exercise price of $5.09. The warrant is exercisable for 18 months. If the warrant for 2,500,000 shares of common stock at an exercise price of $5.09 is fully exercised for cash, Neonode will receive an additional $12.7 million in gross proceeds. Neonode, Inc (NASDAQ:NEON) weekly performance is -2.68%. On last trading day company shares ended up $3.63. Analysts mean target price for the company is $11.08. Neonode, Inc (NASDAQ:NEON) distance from 50-day simple moving average (SMA50) is -34.06%.
UniPixel, Inc. (NASDAQ:UNXL), a provider of Performance Engineered Films? to the touch screen, flexible printed electronics and display markets, reported results for the first quarter ended March 31, 2014. Net loss was $6.2 million or $(0.50) per basic and diluted share in the first quarter of 2014, as compared to net income of $0.9 million or $0.07 per diluted share in the same year-ago period. Cash and cash equivalents totaled $34.4 million at March 31, 2014, as compared to $39.4 million at December 31, 2013. UniPixel Inc (NASDAQ:UNXL) shares advanced 1.19% in last trading session and ended the day on $5.09. Its return on assets is -39.10%. UniPixel Inc (NASDAQ:UNXL) quarterly performance is -50.53%.
Orion Energy Systems, Inc. (NYSEMKT:OESX), a leading designer and manufacturer of energy management systems consisting primarily of high-performance, energy-efficient lighting platforms, announced that management will participate in the investor conferences during May 2014. Institutional investors are encouraged to attend. Wednesday, May 28, 2014: Craig-Hallum Capital Group’s 11th Annual Institutional Investor Conference at the Marriott City Center in Minneapolis, MN. Orion Energy Systems, Inc. (NYSEMKT:OESX) shares moved down -2.33% in last trading session and was closed at $4.20 , while trading in range of $4.18 – $4.59. Orion Energy Systems, Inc. (NYSEMKT:OESX) year to date (YTD) performance is -38.24%.
Shenzhen BAK Battery Co., Ltd. a wholly-owned subsidiary of China BAK Battery, Inc. (NASDAQ:CBAK) entered into two loan agreements with Mr. Jinghui Wang, pursuant to which, Shenzhen BAK borrowed from Mr. Wang an aggregate of RMB520 million (approximately $85.9 million) (the “Loans”). Pursuant to the Loan Agreements, Shenzhen BAK has the obligations to repay the principal amount of RMB520 million and any accrued interest to Mr. Wang by March 31, 2014. China BAK Battery Inc. (NASDAQ:CBAK) ended the last trading day at $2.06. Company weekly volatility is calculated as 9.58% and price to cash ratio as 2.60. China BAK Battery Inc. (NASDAQ:CBAK) showed a negative weekly performance of -23.99%.
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