PainReform (PRFX) said it signed definitive agreements for the immediate exercise of certain outstanding warrants to purchase up to 989,300 of its shares at a reduced exercise price of $1.60 apiece.
The company originally issued the shares in December 2023 and April 2024, with an exercise price of $4.80 per share.
Shares of the healthcare company slumped 33%, with intraday trading volume at over 637,000 compared with a daily average of about 213,000.
Hewlett Packard Enterprise (HPE) late on Monday unveiled a $1.35 billion offering of convertible preferred shares.
Shares of the technology giant dropped 6.3% as intraday trading volume rose to over 29.3 million versus a daily average of about 14.2 million.
JPMorgan Chase (JPM) shares dropped 5.3% after Chief Operating Officer Daniel Pinto said that expectations for the bank's 2025 net interest income "are a bit too high," according to a Capital IQ transcript.
More than 20.7 million shares of the financial service behemoth traded intraday compared with a daily average of about 8.76 million.
Price: 1.06, Change: -0.53, Percent Change: -33.27
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