Reunion Neuroscience (NASDAQ: REUN) shares jump 119% as they announce an exciting new development. The clinical-stage biopharmaceutical company has entered into a take-private transaction with MPM BioImpact, representing a significant milestone for Reunion Neuroscience. The transaction is valued at $13.1 million, a 43.1% premium to Reunion’s common shares’ 30-day volume-weighted average price.

Going private is a significant step for Reunion Neuroscience, as it means that a sizeable private-equity group or consortium of private-equity firms will purchase or acquire the stock of the publicly traded corporation.

To Discover the Inside Scoop on REUN, Subscribe to Microcapdaily.com Right Now by entering your Email in the box below.

Under the terms of the Arrangement Agreement, all holders of outstanding common shares of Reunion will be entitled to receive $1.12 in cash for each share held immediately before the effective time of the Arrangement. However, the agreement’s closing is subject to several conditions, which must be met before the transaction can be completed.

$REUN she wants more

— JC Capital Consultants (@CapitalJc) June 1, 2023

Hostile takeover?

While management and the board think it is a significant milestone achieved, others think differently – an investor rights law firm, Halper Sadeh LLC, is currently investigating it… The sale of Reunion Neuroscience to affiliates of MPM BioImpact for $1.12 per share in cash is currently being investigated by Halper Sadeh LLC.

$REUN halted pending news

— Ralph (@StuckInStock) June 1, 2023

The investigation concerns whether Reunion and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for Reunion shareholders; (2) determine whether MPM is underpaying for Reunion; and (3) disclose all material information necessary for Reunion shareholders to assess and value the merger consideration adequately. On behalf of Reunion shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.

$Reun Reunion Neuro we are buying this little Gem up. Could see this at $3 in coming months. Great acquisition $13 ,million just for starters . Watch this space 💎

— The New Yorker (@TheNewY10001) June 1, 2023

Reunion Neuroscience’s stock performance has been relatively volatile in recent years. The stock’s median target price, according to analysts’ forecasts, is $5.00, but there is a wide range of estimates, with a high of $20.00 and a low of $0.73. The current consensus among polled investment analysts is to buy $REUN stock. However, they’re a pre-revenue clinical-stage biopharmaceutical company, which means the last earnings reported a loss in the current quarter’s earnings per share – they’ve yet to generate any significant revenue. Until recently, shareholders experienced a significant decline in the stock’s value this year and were down ~54%  prior to the acquisition. There are ~9M shares in the float, with ~28% and ~13% held by insiders and institutional investors, respectively.

Solid scalp for a quick win on $REUN. Low float but not really that much volume so it appears to be done and tanking accordingly. Time for this old dog to go into town.

— You Enjoy Myself (@AddenoidalHonk) June 1, 2023

Overall, investors should carefully consider the potential risks and rewards associated with investing in Reunion Neuroscience, considering the wide range of price estimates and the company’s current financial performance. Thorough research and the advice of a financial professional are recommended before making any investment decisions.

We will update you on REUN when more details emerge, so make sure you are subscribed to Microcapdaily to know what’s happening in the markets!

Disclosure: We have not been compensated for this article/video. MicroCap Daily is not an investment advisor; this article/video does not provide investment advice. Always do your research, make your own investment decisions, or consult with your nearest financial advisor. This article/video is not a solicitation or recommendation to buy, sell, or hold securities. This article/video is our opinion, is meant for informational and educational purposes only, and does not provide investment advice. Past performance is not indicative of future performance.

Image by Gerd Altmann from Pixabay

Israeli technology company Wearable Devices Ltd. (NASDAQ: WLDS), known for developing AI-powered touchless sensing wearables, has announced that their flagship consumer product, the Mudra Band for Apple Watch, is now available for pre-order on their website. The company has received thousands of pre-orders as they gear up for their first large-scale manufacturing batch.

In a remarkable turn of events, the company’s shares experienced an astounding surge of 265% at the time of writing, accompanied by a staggering total of 48 million shares being traded. Having operated under NASDAQ compliance standards since September of last year, the company has largely flown under the radar with relatively low trading volume. Currently, approximately 5.88 million shares are available for trading, a significant portion of which are closely held by insiders. The recent groundbreaking news marks a pivotal moment for the company, setting a trajectory for future growth as they assert its dominance in the realm of AI for wearable devices.

To Discover the Inside Scoop on WLDS, Subscribe to Microcapdaily.com Right Now by entering your Email in the box below.

Whewwwww $WLDS is so crazy, I spotted it early, toooooo early premarket and actually had to cut losses, but I'm FAR prouder of my https://t.co/occ8wKmT5U students who did FAR better than me, please retweet and congratulate them! Hockeydude: $WLDS in .709, exit .92 +5500…

— Timothy Sykes (@timothysykes) May 25, 2023

The Mudra Band was initially designed to allow the touchless operation of the Apple Watch using neural signals. However, it has since expanded its features with Air-Touch, which enables users to operate various Apple devices through intuitive finger movements and hand gestures, eliminating the need for physical touch. The latest features also provide seamless device switching and toggling between iPhone, iPad, Mac computer, Apple TV, smart glasses, and mobile gaming devices.

$Wlds just halted up 🤯 pic.twitter.com/hRxWZPNacc

— stocksandrealestate (@stocksandreales) May 25, 2023

Wearable Devices CEO, Asher Dahan, expressed his belief that the Mudra Band is setting a new standard for user interactions with connected devices, extended reality, and gaming. The company is scaling its marketing and support capabilities to meet the high demand for the product and aims to start shipping in the second half of 2023.

$WLDS highest probability play would be $1.50 starter, $1.55 double down and profit take at NHOD $1.60+.

— Aaron Malloch (@teambullish) May 25, 2023

The Mudra Band is compatible with different models of the Apple Watch and is being extensively tested and approved by a global community of Apple enthusiasts. It is the ultimate aftermarket accessory for controlling Apple devices within their ecosystem.

$WLDS key is to let it dance do it's thing — circuits are too close so best to let everyone blow out and let it fail then start to get interested.

— Nathan Michaud (@InvestorsLive) May 25, 2023

Quick overview of the company

Wearable Devices Ltd. is a growth-oriented company that develops AI-based neural input interface technology for both consumer and business markets. In addition to the Mudra Band, they also offer the Mudra Inspire as a B2B product, providing businesses the same functionality and technology through licensing. The company aims to create disruptive technology that leverages AI and proprietary algorithms, software, and hardware to establish the input standard for the rapidly expanding Metaverse landscape in the tech industry.

$WLDS Wearable Devices' Mudra Band for Apple Watch is Available for Preorder$WLDS + $APPL

— TheStockDon (@TheStockDon) May 25, 2023

More on the Mudra Brand and latest Event

Wearable Devices Ltd. (NASDAQ: WLDS) recently attended a big event called the TinyML Summit. They recently had the chance to show their technology firsthand and have users experience their award-winning aftermarket band for the Apple Watch – enabling touchless control of Apple products using subtle finger and wrist movements.

WOW $WLDS is now up 100% from where i sold, I REALLY am underestimating just how. many shorts are getting annihilated these days

— Timothy Sykes (@timothysykes) May 25, 2023

The tinyML Summit is a vibrant gathering that attracts a diverse range of professionals and enthusiasts from various industries. Engineers, developers, managers, executives, and founders involved in developing sensors, silicon, software, machine learning tools, or systems for the tiny ML (machine learning) market come together at this event. It also appeals to system designers and integrators seeking to incorporate low-power, low-cost machine learning into their devices and products across different verticals, such as consumer electronics, industrial applications, extended reality (XR), healthcare, and more.

🔹 Float Rotation 🔹

🚀 Elevated squeeze potential on $WLDS due to the float rotation of 10.
✅ Gain: 196.3%
🚀 Float: 6.0M
🔥 Short Float: 1.8 %

❗ 5 minutes delayed.
🔹 Get the fastest Momentum System: https://t.co/OEmW5tRFBm#smallcaps #trading pic.twitter.com/wbczyktD4T

— VertiCall Trading (@VertiCallAlgo) May 25, 2023

On top of the band, the company also highlighted its multi-device functionality that allows for seamless control across not just the Apple watch but also other Apple devices like iPhones, iPads, Mac computers, and Apple TVs

As mentioned, the summit provides a dynamic platform for showcasing cutting-edge technology in machine learning on edge devices and fostering knowledge exchange among industry leaders. In the past year, the company behind this groundbreaking technology has meticulously fine-tuned its product, remaining relatively low-key as it devoted its efforts to perfecting its innovation. 

The company is strategically leveraging events like the tinyML Summit to gain exposure. The response has been remarkable, as the product has already generated tremendous buying interest, evident from the large pre-order numbers they are experiencing. This surge in interest signifies the excitement surrounding their offering and the anticipation of what this groundbreaking technology can achieve.

We will update you on WLDS when more details emerge, so make sure you are subscribed to Microcapdaily to know what’s happening in the markets!

Disclosure: We have not been compensated for this article/video. MicroCap Daily is not an investment advisor; this article/video does not provide investment advice. Always do your research, make your own investment decisions, or consult with your nearest financial advisor. This article/video is not a solicitation or recommendation to buy, sell, or hold securities. This article/video is our opinion, is meant for informational and educational purposes only, and does not provide investment advice. Past performance is not indicative of future performance.

Image by Caro Sodar from Pixabay

Applied Digital Corporation (NASDAQ: APLD) shares surged 58% as the official launch of their AI cloud service secured a major customer for $180M.

The amount of demand we are seeing from emerging applications for these high-power compute solutions is unprecedented and likely just the tip of the iceberg,” said Applied Digital CEO and Chairman, Wes Cummins.

To Discover the Inside Scoop on APLD, Subscribe to Microcapdaily.com Right Now by entering your Email in the box below.

The company unveiled its highly anticipated AI Cloud Service, marking a major milestone in the industry. The service has already secured its first major AI customer, with the agreement valued at an impressive $180 million over 24 months. As part of the deal, the customer will make a substantial pre-payment, highlighting their confidence in Applied Digital’s capabilities.

$APLD sheeesh ill take it, had a feeling they would sling shot on the range break but wanted more confirmation on the tape. pic.twitter.com/UmtmLOpovH

— MrLeviathan (@MrLeviathan__) May 16, 2023

The AI Cloud Service, set to go live in June, aims to meet the soaring demand for high-performance computing power in AI applications. It will cater to various needs, including large language model training and graphics rendering. Applied Digital is thrilled to be at the forefront of this transformation, capitalizing on the unprecedented demand for its services. The launch of the AI Cloud Service expands the company’s offerings and reaffirms its commitment to innovation and providing cutting-edge solutions.

Lines are your friends

Use them$APLD

Right into $5.20 line exhaust out and slam. pic.twitter.com/Z16hkutNB9

— Nathan Michaud (@InvestorsLive) May 16, 2023

Applied Digital Corp’s Bright Prospects and Analyst Forecasts

Investors and industry experts have noticed Applied Digital Corp (APLD), recognizing its potential for significant growth. As of May 16, six analysts offering 12-month price forecasts have assigned a median target price of $5.75 for APLD, reflecting a substantial 68.13% increase from its last recorded price of $3.42. This optimistic outlook is reinforced by the high estimate for APLD’s stock price stands at $10.00, while the low estimate is $4.00.

The consensus among seven polled investment analysts remains steadfast in recommending the purchase of Applied Digital Corp’s stock. This rating has remained unchanged since December, indicating investors’ enduring confidence in the company’s future prospects and their belief in its continued stock price growth.

$APLD Was carefully watching this stock for a potential short trap. That happened eventually, but I didn't trade it.

I was tempted to enter right at the bottom of the circled area (at $4.35 or slightly higher), risking $4.34. Missed huge R/R. pic.twitter.com/4w94LfP4B9

— Gianluca (@Normantritto) May 16, 2023

However, it is essential to consider APLD’s current financial performance. The company reported a loss per share of -$0.04 for the current quarter, with sales totaling $27.0 million. These figures suggest that Applied Digital may be facing some challenges in the short term, which could potentially impact its stock performance.

To gain further insight into Applied Digital Corp’s financial performance, investors should mark August 25, 2023, on their calendars. This is the date of the company’s subsequent reporting, which will shed more light on its recent developments and how it affects the bottom line.

$APLD. <insert random catalyst> AI … 🙂 highest $ volume in stock's history. can it do 30%+ from VWAP/red-to-green entry level..? pic.twitter.com/XrTQKGfS4t

— PL (@plevchen) May 16, 2023

Bottom Line

In conclusion, despite the short-term challenges Applied Digital Corp faces, its stock performance signals optimism among investors regarding the company’s future prospects. Nevertheless, investors must remain vigilant and stay informed about the company’s financial performance and the latest news updates to make well-informed investment decisions. Applied Digital’s dedication to pushing the boundaries of technology and its track record of providing innovative solutions position it as an industry leader worth watching.

We will update you on plays like APLD when more details emerge, so make sure you are subscribed to Microcapdaily to know what’s happening in the markets!

Disclosure: We have not been compensated for this article/video. MicroCap Daily is not an investment advisor; this article/video does not provide investment advice. Always do your research, make your own investment decisions, or consult with your nearest financial advisor. This article/video is not a solicitation or recommendation to buy, sell, or hold securities. This article/video is our opinion, is meant for informational and educational purposes only, and does not provide investment advice. Past performance is not indicative of future performance.

Image by Gerd Altmann from Pixabay