Shares of ORBCOMM Inc. (NASDAQ: ORBC) got a boost, shooting 52% to $11.50. GI Partners has agreed to acquire Internet of Things (IoT) solutions provider ORBCOMM for $1.1 billion, including net debt.
Rice Acquisition Corp. (NYSE: RICE) shares were also up, gaining 34% to $13.54 after the company announced a merger agreement to combine Aria Energy and Archaea Energy into the industry-leading renewable natural gas platform.
Equities Trading DOWN
United Time Technology Co., Ltd. (NASDAQ: UTME) shares tumbled 31% to $57.00 after jumping 110% on Wednesday. The company recently priced its IPO at $4 per share.
Shares of Astrotech Corporation (NASDAQ: ASTC) were down 30% to $1.54 after the company reported a $10 million direct offering of its common stock.
Mid-Afternoon Market Update: Nasdaq Surges 130 Points; Apogee Enterprises Shares Slide
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Mid-Day Market Update: Gold Rises 1%; Astrotech Shares Plummet
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