urban-gro Inc. reaches 20-day high amid sector rotation
urban-gro Inc. experienced a significant price increase of 21.10%, reaching a 20-day high. This movement occurs in the context of a broader market decline, with the Nasdaq-100 down 0.26% and the S&P 500 down 0.08%.
This surge comes amid sector rotation as investors shift their focus towards companies like urban-gro, Inc., which are perceived to have strong growth potential despite the overall market weakness. The stock's performance indicates a strategic repositioning by investors looking for opportunities in specific sectors.
The implications of this price movement suggest that urban-gro, Inc. is gaining traction among investors, potentially signaling confidence in its future growth prospects. As the market continues to fluctuate, the company's ability to maintain this momentum will be closely watched.
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urban-gro Approves 1-for-25 Reverse Stock Split
- Reverse Stock Split Decision: urban-gro's board has approved a 1-for-25 reverse stock split, with trading expected to commence on February 9 on the Nasdaq Capital Market, aimed at increasing share price to meet Nasdaq listing requirements.
- Impact on Shares: This split will reduce the company's outstanding shares from approximately 17.1 million to about 684,569, while leaving the number of authorized shares unchanged, potentially improving earnings per share metrics and attracting more investor interest.
- Shareholder Authorization Context: The decision received shareholder approval on January 30, reflecting support for the company's strategic adjustments, which aim to enhance market confidence and improve overall company valuation.
- Cash Compensation Arrangement: No fractional shares will be issued post-split; instead, cash will be paid in lieu of fractions, ensuring fair treatment for all shareholders and minimizing potential inconveniences associated with the split.
urban-gro Approves Reverse Stock Split of 1-for-25
- Reverse Stock Split: urban-gro's Board of Directors has approved a reverse stock split of 1-for-25, expected to commence trading on February 9, 2026, on the Nasdaq Capital Market, aimed at increasing the share price to attract more investors.
- Impact on Shares: The company currently has 17,114,217 shares outstanding, which will reduce to approximately 684,569 shares post-split; while shareholders' percentage interests remain unchanged, the exercise prices of existing stock options and warrants will increase, potentially affecting their value.
- Exchange Agent Arrangement: The company has retained Equiniti as the exchange agent for the reverse stock split, responsible for managing the exchange of pre-split shares for post-split shares, ensuring a smooth transition for shareholders.
- Forward-Looking Statements: The press release includes forward-looking statements indicating that while the company anticipates successfully completing the split, there are risks and uncertainties that may cause actual results to differ materially from expectations.
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Quantum Computing Inc. Performance: Quantum Computing Inc. shares surged 23.5% in pre-market trading after reporting better-than-expected Q3 earnings of 1 cent per share, compared to a projected loss of 6 cents, and sales of $384,000, exceeding expectations of $116,667.
Other Notable Gainers: WeShop Holdings Limited saw a dramatic increase of 98.6% to $60.00, while MSP Recovery, Genius Group, and Repare Therapeutics also experienced significant gains in pre-market trading.
Major Losers: Taitron Components Incorporated fell 39.5% to $1.27 after announcing a quarterly loss and voluntary delisting, while Sonder Holdings Inc. declined 28.6% following a Chapter 7 bankruptcy filing.
Market Overview: The pre-market trading session showed a mix of gains and losses among various stocks, with notable fluctuations in share prices following recent earnings reports and corporate announcements.
3 Penny Stocks to Keep an Eye on This Week, 9/4/25
Penny Stocks to Watch: Senmiao Technology, BT Brands, and Urban-gro Inc. are highlighted as top penny stocks to monitor on September 4, 2025, based on their high Dollar Volume and significant stock price increases.
Senmiao Technology: The Chinese tech company saw a 61% stock price surge with a Dollar Volume of $668.75 million, driven by speculation around AI-driven urban mobility and potential partnerships, despite no specific news.
BT Brands: The fast-food company experienced a nearly 64% stock price increase and a Dollar Volume of $318.87 million following the announcement of a merger with Aero Velocity, which will focus on drone and AI technology.
Urban-gro Inc.: The indoor farming specialist's stock rose by 48% with a Dollar Volume of $161.24 million after announcing a $2 million asset sale and measures to address Nasdaq compliance issues, enhancing investor confidence.
Alphabet Shares Rise Approximately 6%; Check Out 20 Stocks Making Moves in Premarket Trading
Alphabet Inc. Stock Surge: Shares of Alphabet Inc. rose 5.8% in pre-market trading after a U.S. judge ruled that Google does not need to divest its Android operating system or sell Google Chrome in the ongoing online search monopoly case.
Pre-Market Stock Movements: Several stocks experienced significant changes in pre-market trading, with Solidion Technology, Inc. gaining 130.1%, while SmartKem, Inc. saw a decline of 21.4% after a previous surge.
Urban-Gro Shares Jump 33.71% in After-Hours Trading After Asset Sale and Corporate Restructuring
Stock Surge After Asset Sale: Urban-gro Inc. (UGRO) shares rose 33.71% to $0.54 in after-hours trading following a $2 million asset sale aimed at addressing compliance issues, while retaining its core controlled environment agriculture operations.
Compliance and Delisting Concerns: The company faces potential delisting from Nasdaq due to multiple compliance failures, including not meeting the minimum bid price requirement and failing to file timely reports, with a hearing scheduled for October 7.
Leadership Changes and Cost-Cutting: CEO Bradley Nattrass and other leadership members have voluntarily reduced their salaries as part of cost-cutting measures, while Director Lewis Wilks resigned without operational disagreements.
Stock Performance Overview: Urban-gro's stock has decreased by 70.33% over the past year, trading between $0.26 and $1.92, with a market capitalization of $5.23 million, although it showed signs of medium and short-term upward movement recently.
urban-gro Approves 1-for-25 Reverse Stock Split
- Reverse Stock Split Decision: urban-gro's board has approved a 1-for-25 reverse stock split, with trading expected to commence on February 9 on the Nasdaq Capital Market, aimed at increasing share price to meet Nasdaq listing requirements.
- Impact on Shares: This split will reduce the company's outstanding shares from approximately 17.1 million to about 684,569, while leaving the number of authorized shares unchanged, potentially improving earnings per share metrics and attracting more investor interest.
- Shareholder Authorization Context: The decision received shareholder approval on January 30, reflecting support for the company's strategic adjustments, which aim to enhance market confidence and improve overall company valuation.
- Cash Compensation Arrangement: No fractional shares will be issued post-split; instead, cash will be paid in lieu of fractions, ensuring fair treatment for all shareholders and minimizing potential inconveniences associated with the split.
urban-gro Approves Reverse Stock Split of 1-for-25
- Reverse Stock Split: urban-gro's Board of Directors has approved a reverse stock split of 1-for-25, expected to commence trading on February 9, 2026, on the Nasdaq Capital Market, aimed at increasing the share price to attract more investors.
- Impact on Shares: The company currently has 17,114,217 shares outstanding, which will reduce to approximately 684,569 shares post-split; while shareholders' percentage interests remain unchanged, the exercise prices of existing stock options and warrants will increase, potentially affecting their value.
- Exchange Agent Arrangement: The company has retained Equiniti as the exchange agent for the reverse stock split, responsible for managing the exchange of pre-split shares for post-split shares, ensuring a smooth transition for shareholders.
- Forward-Looking Statements: The press release includes forward-looking statements indicating that while the company anticipates successfully completing the split, there are risks and uncertainties that may cause actual results to differ materially from expectations.
Quantum Computing Stocks Surge Over 23%; Check Out 20 Premarket Movers
Quantum Computing Inc. Performance: Quantum Computing Inc. shares surged 23.5% in pre-market trading after reporting better-than-expected Q3 earnings of 1 cent per share, compared to a projected loss of 6 cents, and sales of $384,000, exceeding expectations of $116,667.
Other Notable Gainers: WeShop Holdings Limited saw a dramatic increase of 98.6% to $60.00, while MSP Recovery, Genius Group, and Repare Therapeutics also experienced significant gains in pre-market trading.
Major Losers: Taitron Components Incorporated fell 39.5% to $1.27 after announcing a quarterly loss and voluntary delisting, while Sonder Holdings Inc. declined 28.6% following a Chapter 7 bankruptcy filing.
Market Overview: The pre-market trading session showed a mix of gains and losses among various stocks, with notable fluctuations in share prices following recent earnings reports and corporate announcements.
3 Penny Stocks to Keep an Eye on This Week, 9/4/25
Penny Stocks to Watch: Senmiao Technology, BT Brands, and Urban-gro Inc. are highlighted as top penny stocks to monitor on September 4, 2025, based on their high Dollar Volume and significant stock price increases.
Senmiao Technology: The Chinese tech company saw a 61% stock price surge with a Dollar Volume of $668.75 million, driven by speculation around AI-driven urban mobility and potential partnerships, despite no specific news.
BT Brands: The fast-food company experienced a nearly 64% stock price increase and a Dollar Volume of $318.87 million following the announcement of a merger with Aero Velocity, which will focus on drone and AI technology.
Urban-gro Inc.: The indoor farming specialist's stock rose by 48% with a Dollar Volume of $161.24 million after announcing a $2 million asset sale and measures to address Nasdaq compliance issues, enhancing investor confidence.
Alphabet Shares Rise Approximately 6%; Check Out 20 Stocks Making Moves in Premarket Trading
Alphabet Inc. Stock Surge: Shares of Alphabet Inc. rose 5.8% in pre-market trading after a U.S. judge ruled that Google does not need to divest its Android operating system or sell Google Chrome in the ongoing online search monopoly case.
Pre-Market Stock Movements: Several stocks experienced significant changes in pre-market trading, with Solidion Technology, Inc. gaining 130.1%, while SmartKem, Inc. saw a decline of 21.4% after a previous surge.
Urban-Gro Shares Jump 33.71% in After-Hours Trading After Asset Sale and Corporate Restructuring
Stock Surge After Asset Sale: Urban-gro Inc. (UGRO) shares rose 33.71% to $0.54 in after-hours trading following a $2 million asset sale aimed at addressing compliance issues, while retaining its core controlled environment agriculture operations.
Compliance and Delisting Concerns: The company faces potential delisting from Nasdaq due to multiple compliance failures, including not meeting the minimum bid price requirement and failing to file timely reports, with a hearing scheduled for October 7.
Leadership Changes and Cost-Cutting: CEO Bradley Nattrass and other leadership members have voluntarily reduced their salaries as part of cost-cutting measures, while Director Lewis Wilks resigned without operational disagreements.
Stock Performance Overview: Urban-gro's stock has decreased by 70.33% over the past year, trading between $0.26 and $1.92, with a market capitalization of $5.23 million, although it showed signs of medium and short-term upward movement recently.
