Your email has been successfully added to our mailing list.

×
0 0 0 0 0 0 0.0302259887005649 0.071563088512241
Stock impact report

Tikvah Management Calls on Quanterix to Explain the Egregious Terms of Convertible Notes Purchased from Akoya Biosciences [Yahoo! Finance]

Quanterix Corporation (QTRX) 
US:NASDAQ Investor Relations: ir.quanterix.com/investor-relations
Company Research Source: Yahoo! Finance
1.5% of the outstanding common shares of Quanterix Corp. ("Quanterix" or the "Company") (Nasdaq: QTRX), today issued a statement calling on the Company to explain its most recent purchase agreement for up to $30 million in convertible notes from Akoya Biosciences, Inc. ("Akoya") (Nasdaq: AKYA). Tikvah's statement follows: "This announcement concerns us for several reasons. First, we believe Akoya's need to obtain bridge financing serves as a significant warning sign of its financial distress. Second, we find it both unusual and coercive to Quanterix's shareholders that this capital is being committed before a shareholder vote on the Company's proposed merger with Akoya. Lastly, the terms of these convertible notes are significantly off market and unfair to Quanterix shareholders. Quanterix owes shareholders an explanation as to why it has put its investors in such a seemingly disadvantaged position." Tikvah reiterates its previous statement and continues to plan to vote AGAINST Show less Read more
Impact Snapshot
Event Time:
QTRX
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for
QTRX alerts

from News Quantified
Opt-in for
QTRX alerts

from News Quantified