The 300,000 shares being offered will not appreciate in value or pay out any dividends, the press release said.
Shares tumbled 25% Tuesday after Reddit traders helped drive a record rally in the stock the day before.
Tesla said on Tuesday it will sell up to $US5 billion worth of its shares over time. Elon Musk’s electric-car company said on Tuesday that it has signed up 10 banks to sell its common shares “from time to time” in an “at-the-market” or follow-on offering. Tesla stock has soared […]
Nikola founder Trevor Milton plans to remain the top shareholder in the automaker despite the company’s stock lockup period expiring on November 30, Bloomberg reported. Milton stepped down from his role as chairman in September after allegations of fraud, but his 33% stake in Nikola is the largest among any […]
Jeff Bezos sold over $US3 billion worth of Amazon’s stock this week, but the US election rally has helped the tech billionaire’s net worth rise massively. Bezos sold 1 million shares on Monday and Tuesday, taking his total cash-out in 2020 to more than $US10 billion this year. The Amazon […]
Nio announced on Monday that it sold 88.5 million American depository shares for $US17 a piece. Shares of Nio slumped 8% in premarket trading Monday. The Chinese electric vehicle company, which competes with Tesla, originally planned to sell 75 million shares in a secondary offering Watch Nio trade live on […]
Disgraced ex-WeWork CEO Adam Neumann reportedly intends to sue the coworking firm’s major backer, SoftBank, for reneging on a $US3 billion offer to buy WeWork shares. That’s according to a letter seen by Bloomberg, which was sent by SoftBank’s lawyer to the board of We Company, WeWork’s parent firm. In […]
Former UberCEO Travis Kalanick is on pace to fully exit his position in the company as he’s rapidly sold stock since early November. The founder’s latest sale saw him cash in nearly 2.4 million shares on December 19, bringing his total stake down to about 5.8 million shares, according to […]
Plus500 is an online contract for difference platform, letting people wager money on the movement of assets without actually owning them. The company’s five founders sold 7.2 million shares in the business overnight, netting them a combined £80 million. Plus500 recently announced its best-ever quarter, helped by crypto trading. LONDON […]
The Government has sold £600 million worth of shares in Lloyds.