Barnes & Noble Education Secures Refinancing Deal to Boost Liquidity

by Warren Seah

Barnes & Noble Education has recently announced a refinancing agreement with financial stakeholders and strategic partners. The deal aims to bolster the company’s liquidity position and extend the maturity of its debt facilities. Previously, the school-bookstore operator had expressed concerns over its long-term viability without improved liquidity. The market responded positively to the news, with shares rising by 14% to $1.42 in aftermarket trading.

HomeStreet Reports Losses Due to Goodwill Impairment Charge

HomeStreet, the parent company of HomeStreet Bank, has reported a loss of $31.4 million in the second quarter. This loss was primarily driven by a $34.6 million after-tax goodwill impairment charge. In terms of core net income, the company recorded $3.2 million, or 17 cents a share, for the quarter. This is compared to $5.1 million, or 27 cents a share, in the same quarter last year. Analysts polled had anticipated earnings of 19 cents a share, as reported by FactSet. Following this announcement, shares slipped by 8% to $9.25 in after-hours trading.

OKYO Pharma to Sell Ordinary Shares Following Noncompliance Notice

OKYO Pharma has disclosed its intention to sell ordinary shares through an underwritten public offering. This decision came after the company received a notice from Nasdaq stating that its stock no longer meets the listing qualifications. According to Nasdaq staff, the market value of OKYO Pharma’s shares fell below the minimum requirement of $35 million for listing on the Nasdaq Capital Market. Consequently, shares plummeted by 15% to $1.87 in after-hours trading.

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