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LuxUrban Hotels Announces Reverse Stock Split to Boost Nasdaq Compliance
Nasdaq, Friday, 15 November 2024.
LuxUrban Hotels Inc. will execute a 1:70 reverse stock split on November 20, 2024, reducing shares from 151.85 million to 2.17 million. This strategic move aims to enhance the company’s position on Nasdaq and drive shareholder value in the urban lodging market.
UPS Faces Investor Lawsuit Over Alleged Misleading Statements
New York City, Friday, 15 November 2024.
Faruqi & Faruqi, LLP is investigating claims against United Parcel Service for potential securities law violations. Investors who lost over $100,000 between January and July 2024 are urged to contact the firm before the December 9 deadline. The lawsuit alleges UPS misled investors about its 2024 financial outlook.
D-Wave Quantum Reports 41% Surge in QCaaS Revenue
Palo Alto, Thursday, 14 November 2024.
D-Wave Quantum Inc. announced a 41% year-over-year increase in QCaaS revenue for Q3 2024, reaching $1.6 million. Despite overall revenue declining 27% to $1.9 million, the company’s quantum computing services show strong growth potential in commercial applications.