Premarket Gainers – September 9th, 2024

by editor · September 3, 2024

**SGRP**: Current price $2.40, up 65.52%, with a trading volume of 1.24 million.
**PCVX**: Current price $108.73, up 34.63%, with a trading volume of 365.86 thousand.
**MSGM**: Current price $1.57, up 34.19%, with a trading volume of 7.37 million.
**SHLS**: Current price $7.12, up 32.10%, with a trading volume of 701.25 thousand.
**BNAI**: Current price $1.46, up 24.79%, with a trading volume of 19.52 thousand.
**SOC**: Current price $19.95, up 18.48%, with a trading volume of 210.09 thousand.

Here is a summary of the recent developments for each of the specified stock tickers as of September 2, 2024:

Overview: SPAR Group provides merchandising, marketing, and distribution services.
Recent News: SPAR Group announced a definitive agreement to be acquired by Highwire Capital for $2.50 per share, representing a 72% premium over the previous closing price. This acquisition will take SPAR private, pending shareholder and regulatory approvals.
Impact: The announcement of the acquisition has driven the stock price up significantly, reflecting investor optimism about the premium offer and the strategic benefits of the acquisition.

Overview: Vaxcyte is a clinical-stage vaccine company focused on developing broad-spectrum vaccines.
Recent News: Vaxcyte reported positive topline results from its Phase 1/2 study of VAX-31, a 31-valent pneumococcal conjugate vaccine. The study showed promising safety and immunogenicity profiles, comparable to existing vaccines.
Impact: The positive trial results have boosted investor confidence, leading to a significant increase in the stock price as the company prepares to advance to Phase 3 trials.

Overview: Motorsport Games is a video game developer focusing on motorsport gaming experiences.
Recent News: Motorsport Games recently regained compliance with NASDAQ listing requirements, which has positively influenced its stock price.
Impact: The compliance news has likely contributed to the stock’s upward movement, as it reassures investors about the company’s stability and future prospects.

Overview: Shoals Technologies provides electrical balance of system solutions for solar energy projects.
Recent News: Shoals received a favorable ruling from the U.S. International Trade Commission in a patent infringement case against Voltage, LLC. This ruling supports Shoals’ intellectual property claims and could prevent unlawful imports of infringing products.
Impact: The legal victory has likely driven the stock price up, as it strengthens Shoals’ market position and protects its revenue streams.

Overview: BNAI provides AI-driven engagement solutions for businesses.
Recent News: The company recently announced a private placement and secured a $50 million standby equity purchase agreement, aiming to enhance its financial flexibility and growth potential.
Impact: The financial developments have likely contributed to the stock’s rise, as they indicate strong investor interest and support for the company’s strategic initiatives.

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