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• The stock climbed over 6% in pre-market trading on a flurry of positive catalysts.
• The company will sell 4,380,313 shares in a registered direct offering.
• The company amended its merger agreement with InnocsAI LLC.
• The company announced a 1-for-25 reverse split effective July 6, 2026.
• The company priced a $23.7 million private placement of common stock and pre-funded warrants.
• The stock is outperforming the broader technology sector benchmark.
• The decline followed an 11.29% drop in the prior session.
• The decline extends a 6.1% slide from the prior trading session.
• Q1 revenue reached $12.25 billion, up 16% year over year.
• The broader technology sector benchmark fell approximately 0.57% over the same period.
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