Brower Piven, A Professional Corporation announces that a class action lawsuit has been commenced in the United States District Court for the Northern District of California on behalf of purchasers of Geron Corporation (NASDAQ:GERN) securities during the period between June 16, 2013 and March 11, 2014, inclusive (the “Class Period”). Geron Corporation (NASDAQ:GERN) stock opened today at $2.38 and is currently trading at $2.34. The stock showed a negative weekly performance of -43.64%.
Rubicon Technology, Inc. (NASDAQ:RBCN), a leading provider of sapphire substrates and products to the LED, semiconductor and optical markets, today announced the pricing of an underwritten public offering of 2,500,000 shares of its common stock by selling stockholders at a price to the public of $13.00 per share. The offering is expected to close on March 24, 2014, subject to satisfaction of customary closing conditions. In addition, Rubicon has granted the underwriters a 30-day option to purchase up to an additional 375,000 shares of its common stock to cover over-allotments, if any. Rubicon Technology, Inc. (NASDAQ:RBCN) stock opened at $13.50, in current trading session and currently is at $13.30, by loosing -5.67%.The 52 week range of $5.55-$14.67. Company’s market capitalization is $342.69 million.
Central European Media Enterprises Ltd. (NASDAQ:CETV) announced that Ronald S. Lauder, non-executive Chairman of the Board of Directors, is resigning from the Company’s Board. Central European Media Enterprises Ltd. (NASDAQ:CETV) stock is currently trading at $3.82 .The EPS of the stock is -7.06. Company’s market capitalization is $513.77 million.
Kandi Technologies Group Inc (NASDAQ:KNDI) announced that it has entered into a securities purchase agreement with two institutional investors for a registered direct placement of approximately $11,053,440 of common stock at a price of $18.24 per share. The Company will issue a total of 606,000 shares to the institutional investors. As part of the transaction, the Company will also issue to the investors warrants for the purchase of up to 90,900 shares of common stock at an exercise price of $22.80 per share, which warrants have a term of 18 months from the date of issuance. Kandi Technologies Group Inc (NASDAQ:KNDI) stock opened the session at $20.10, and now is at $19.93. The 52 week range of the KNDI stock remained $3.55-$22.40 and the day range was $19.72-$20.71.