DrStockPick.com Stock Report!
Monday August 3, 2009
Acorn Energy, Inc. (Nasdaq: ACFN) today announced that it expects to report for the second quarter ended June 30, 2009, revenue of approximately $7.8 million, an increase of 116% from $3.6 million in the comparable quarter last year. In addition, the Company is estimating Q2 2009 gross profit of $3.5 million versus $1.0 million in Q1 2008, which represents the effects of increased revenues and an expected improvement in gross margins from 29% to 45%.
Micromet, Inc. (Nasdaq: MITI), a biopharmaceutical company developing novel, proprietary antibodies for the treatment of cancer, inflammation and autoimmune diseases, today announced that it has received Orphan Drug Designation from the European Medicines Agency (EMEA) for BiTE antibody blinatumomab (MT103) for acute lymphoblastic leukemia (ALL). Blinatumomab is a novel therapeutic antibody that activates a patient�s T cells to seek out and destroy cancer cells.
Amarin Corporation plc (NASDAQ: AMRN) today announced that it has executed an agreement for the private placement of convertible bridge loan notes (�Bridge Financing�) in the amount of $3.0 million with select accredited and institutional investors, including funds managed by Midsummer Capital, LLC and certain existing investors in the Company.
Griffin Land & Nurseries, Inc. (Nasdaq: GRIF) (�Griffin�) announced that its landscape nursery business, Imperial Nurseries, Inc. (�Imperial�), has entered into an agreement for the lease of, and grant of an option to purchase, Imperial�s Quincy, Florida production nursery to Tri-B Nursery, Inc. (�Tri-B Nursery�), a member of the Berry family of nurseries. A preliminary agreement for this transaction was announced several weeks ago. The agreement with Tri-B Nursery provides for a six-year lease of the Florida facility and grants Tri-B Nursery an option to purchase the facility at any time during the lease period at a price that has been agreed upon.
Wabash National Corporation (NYSE: WNC) today announced that it has successfully closed the previously announced $35 million investment in the Company by Trailer Investments, LLC, an entity formed for this purpose by Lincolnshire Equity Fund III, L.P., a private equity investment fund managed by Lincolnshire Management, Inc. As part of the investment, the Company issued Series E, Series F, and Series G redeemable preferred stock to Trailer Investments, as well as a warrant that is immediately exercisable for common stock representing 44.21% of the issued and outstanding common stock of the Company, subject to certain upward adjustments.
Highwoods Properties, Inc. (NYSE: HIW), the largest owner and operator of suburban office properties in the Southeast, today announced that it has signed a long-term lease at Cool Springs IV, totaling 91,253 square feet of first generation space, with Simplex Healthcare, a Nashville-based company that provides a range of healthcare products to patients with diabetes. Cool Springs IV, a $27.6 million, 153,000 square foot office building, is now 67% leased and scheduled to stabilize in the first quarter of 2010.
Source: E-Gate System from Alphatrade.com
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