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Imperial Holdings, Inc. (NYSE: IFT) shares closed down 12.20 percent on Wednesday with nearly 1.5 million shares traded. The stock was one of the biggest decliners on the NYSE. The company announced the pricing of $70,000,000 aggregate principal amount of 8.50% Senior Unsecured Convertible Notes Due 2019 (the “Notes”), which are anticipated to be sold, subject to market and other conditions, to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to accredited investors pursuant to Rule 506 under the Securities Act. Imperial has also granted the initial purchaser a 30-day option to purchase up to an additional $14,000,000 aggregate principal amount of the Notes.
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Luna Innovations Incorporated (NASDAQ: LUNA) shares closed up 22.86 percent on Wednesday with about 3.8 million shares traded. The stock was one of the biggest gainers on the NASDAQ despite the company releasing any news. Luna Innovations Incorporated engages in the development, manufacture, and marketing of fiber optic test and measurement, sensing, and instrumentation products to measure, monitor, protect, and enhance the processes in the telecommunications, medical, composite, and defense industries worldwide.
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Kleangas Energy Technologies, Inc. (OTC: KGET) shares closed up 15 percent on Wednesday with nearly 30 million shares traded. The stock was one of the biggest movers trading in the OTC market. The company announced that their subsidiary Green Day Technologies, has received and accepted another order for 5,000 Metric Tons of pellets to be delivered per month to South Korea over a 12 month period. This additional order represents a minimum of over $800,000 per month of income or a total value of over $10,000,000 for the next 12 months. KGET filed an 8K on Tuesday February 11th relating to this order.
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Single Touch Systems Inc. (OTCBB: SITO) shares closed down 8.93 percent on Wednesday with about 418,000 shares traded. The stock was one of the biggest gainers in the OTCBB market. The company recently reported it fiscal first quarter ended December 31, 2013. Operating Profits: For the quarter ended December 31, 2013, on a pro-forma basis when separating out intellectual property (IP) related initiatives, Single Touch's core, underlying business operations were profitable on an adjusted EBITDA basis, a trend that has been established for the trailing twelve months ended December 31, 2013.
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