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After-hours movers: Butterfly Network gains on FDA clearance of AI lung tool, AMC falls on binding settlement term sheet

Published 04/03/2023, 05:57 PM
Updated 04/03/2023, 06:07 PM
© Reuters After-hours movers: Butterfly Network gains on FDA clearance of AI lung tool, AMC falls on binding settlement term sheet

After-Hours Stock Movers:

Butterfly Network, Inc. (NYSE:BFLY) 25% HIGHER; announced today that it has received 510(k) clearance for a groundbreaking AI-enabled Auto B-line Counter that may simplify how healthcare professionals evaluate adults with suspected diminished lung function and can potentially accelerate their ability to make informed treatment decisions at the point of care.

AMC Entertainment (NYSE:AMC) 22% LOWER; disclosed that on April 2, 2023, it entered into a binding settlement term sheet with the named plaintiffs in the case In re AMC Entertainment Holdings, Inc. Stockholder Litigation to settle the Shareholder Litigation. The Settlement Term Sheet provides that the Plaintiffs and the Company will jointly request that the status quo order in the above-referenced case be lifted.

The Duckhorn Portfolio, Inc. (NYSE:NAPA) 6% LOWER; announced that Mallard Holdco, LLC intends to offer for sale in an underwritten secondary offering 6,000,000 shares of common stock.

Wallbox (NYSE:WBX) 4% LOWER; filed a prospectus supplement to its existing shelf registration statement on Form F-3 with the Securities and Exchange Commission (SEC), under which it may offer and sell shares of its Class A ordinary shares having an aggregate offering price of up to $100 million through an at-the-market (ATM) equity offering program.

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