On Monday, Shares of Array Biopharma Inc (NASDAQ:ARRY), added 2.95% and closed at $6.80 in the last trading session. The last trading range of the stock ranges between $6.63 and $6.83. The company’s Market capitalization is $1.09 Billion with the total Outstanding Shares of 162.09 million. Array BioPharma Inc. (ARRY) declared recently the closing of its underwritten public offering of 21,160,000 shares of its common stock, which includes 2,760,000 shares of common stock issued upon the exercise in full of the option to purchase additional shares granted to the underwriters, at a public offering price of $6.25 per share. The total gross proceeds from the offering are $132.25 million, before underwriting discounts and commissions and offering expenses.
J.P. Morgan Securities LLC and Cowen and Company, LLC acted as joint book-running managers for the offering. Stifel and Wells Fargo Securities, LLC acted as lead managers and SunTrust Robinson Humphrey, Inc. acted as co-manager.
The shares were sold following an effective shelf registration statement filed with the Securities and Exchange Commission (the “SEC”). This press release does not constitute an offer to sell, or the solicitation of an offer to buy, these securities, nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale is not permitted.
Cypress Semiconductor Corporation (NASDAQ:CY), dropped -1.10% and closed at $11.64 in the last trading session. The last trading range of the stock ranges between $11.62 and $11.91. The company’s Market capitalization is $3.75 Billion with the total Outstanding Shares of 321.18 million. During the 52-week trading session the minimum price at which share price traded, registered at $6.30 and reached to max level of $12.48. Cypress Semiconductor Corp. (CY) recently declared that the programmability and SuperSpeed USB performance of its EZ-USB® FX3™ controller assisted startup SUB2r develop its unique, open-architecture camera platform. The SUB2r Alpha camera leverages the FX3 controller for USB 3.1 generation 1 bandwidth up to 5 Gbps, enabling it to stream uncompressed, high-definition (HD) video at both 4K at 30 frames per second (fps) and 1080p at 60 fps. FX3 allows audio captured by the camera’s onboard dual microphones or external microphones to be interlaced audio with the video stream. The controller also provides access to the camera’s output via USB or Gigabit Ethernet.
EZ-USB FX3 is the industry’s only programmable SuperSpeed USB peripheral controller. It is equipped with a highly configurable General Programmable Interface (GPIF™ II), which can be programmed in 8-, 16-, and 32-bit configurations. GPIF II allows FX3 to communicate directly with application processors, FPGAs, and image sensors and provides a data transfer rate at up to 400 Megabytes per second. FX3 manages the Alpha camera’s I2C configuration master for reconfiguration of the system’s FPGA over USB with remote updates. The solution adds to the flexibility of SUB2r’s camera platform, allowing users to optimize it for high quality streaming of virtual reality or video game play, motion pictures, 3D imaging, scientific research and many other applications.
On the otherhand Jones Energy Inc (NYSE:JONE), jumped 4.63% and closed at $4.52 in the last trading session. The last trading range of the stock ranges between $4.35 and $4.60. The company’s Market capitalization is $366.41 million with the total Outstanding Shares of 53.82 million. During the 52-week trading session the minimum price at which share price traded, registered at $1.15 and reached to max level of $6.05. Jones Energy, Inc. (JONE) (“Jones Energy” or the “Company”) recently declared the closing of its formerly declared STACK/SCOOP acquisition for a closing price of $136.5 million, subject to customary post-closing adjustments, and declared the opening of an office in Oklahoma City, OK as a result of this acquisition. The Company funded the acquisition with a portion of the about $152 million in net proceeds from its recently accomplished offerings of Class A common stock and Series A perpetual convertible preferred stock.
Jonny Jones, the Company’s Founder, Chairman, and CEO, commented, “I am happy to declare the closing of this transformative transaction. We are focused on leveraging our best-in-class Midcontinent operating expertise to develop this asset. I look forward to providing you with updates on our development plan.”
Mike McConnell, the Company’s President, commented, “I will be leading the team at our new Oklahoma City office. We believe having a local presence will play a key role in assisting us realize the full potential of this impressive new asset and I am excited to lead that effort.”