• The S&P 500 and the NASDAQ Composite dropped slightly, while the Dow Jones Industrial Average remained flat.
• Creative Realities Inc. (NASDAQ: CREX) suffered a 36.45% share price drop, after pricing its public offering at $2 per share.
• Tremor International Ltd.(NASDAQ: TRMR) reported respectable financial results for the three and six months ending June 30, 2023 but still saw shares fall by nearly 30%.
S&P 500 & NASDAQ Composite Drop
The S&P 500 dropped 0.1% as the blue-chip Dow Jones Industrial Average remained below the flat line. The NASDAQ Composite dropped 0.4% after losing more than 1% for two straight sessions.
Creative Realities Inc.
Shares of Creative Realities Inc. (NASDAQ: CREX) experienced a significant decline, shedding 36.45% after the pricing of its public offering was set at $2 per share. This saw the Louisville, Kentucky-based digital marketing firm’s stock fall to $2 in premarket trading, starkly contrasting their 72% year-to-date gain recorded at Wednesday’s market close. Creative Realities announced its plan to offer 3 million shares at this price point, with expected proceeds of $6 million.
Tremor International Ltd.
Tremor International Ltd.(NASDAQ: TRMR) reported its financial results for the three and six months ending June 30, 2023 which included a Q2 2023 Contribution ex-TAC of $80.2 million up from $70.8 million in Q2 2022 and an H1 2023 Contribution ex-TAC of $147.1 million, a 4% increase from $141.8 million in H1 2022; however shareholders sold off nearly 30% of the stock today due to caution until future earnings are reported..
After Check-Cap Ltd.(NASDAQ: CHEK) announced a definitive Business Combination Agreement with Keystone Dental Holdings Inc., shareholders sold out of caution until further news regarding earnings is released..
Natural Alternatives International Inc.
Natural Alternatives International Inc.(NASDAQ: NAII), has announced a temporary shutdown of its recently opened facility due to COVID 19 related restrictions in California; shares have fallen 13%.