After-Hours Stock Movers:
Sonim Technologies Inc (Nasdaq: SONM) 27% LOWER; intends to effect a one-for-ten reverse split of its issued and outstanding common stock.
Avalo Therapeutics Inc (Nasdaq: AVTX) 18% LOWER; intends to offer for sale shares of its common stock in an underwritten public offering.
Hut 8 Mining Corp. (NASDAQ: HUT) 12% LOWER; announced the launch of a proposed underwritten public offering in the United States and Canada.
American Financial Group (NYSE: AFG) 2.7% HIGHER; a special dividend of $4.00 per share.
SoFi Technologies Inc. (NASDAQ: SOFI) 1.6% HIGHER; Mizuho Securities initiates coverage with a Buy rating and a price target of $28.00.
Live Nation Entertainment, Inc. (NYSE: LYV) 2% LOWER; announces its intention to offer $450 million of common stock, the net proceeds of which is expected to fund the acquisition of 51% of the capital stock of OCESA Entretenimiento, S.A. de C.V., with the remaining proceeds to be used for general corporate purposes.