TechCrunch : Wingcopter, Germany’s drone delivery startup, raises another $44M f

Wingcopter, Germany’s drone delivery startup, raises another $44M from the EIB

Wingcopter, a startup out of Germany that has made a name for itself in the world of delivery drones used primarily for delivery of medicine and other goods to remote areas, has picked up some more financing to expand its business. The European Investment Bank is putting €40 million (close to $44 million) into the startup, funding that it will use in two areas: further developing its hardware line; and to kick off a new business in logistics and delivery services, anchored by a fleet of its drones.

The funding is being described as “quasi-equity” — and it’s a common approach taken by the EIB (other examples here and here) that involves one portion of the funding coming in as equity and the rest as a venture loan. Tom Plümmer, Wingcopter’s CEO and co-founder, would not disclose the proportions of either in an interview. He said the plan is to raise a significant Series B next year — or whenever the markets turn around.

For now, this latest infusion brings the total raised by Wingcopter to €100 million, which has also been backed in two previous fundraises by a mix of strategic and financial backers such as the retail giant REWE, Xplorer Capital, Japan’s ITOCHU, and Expa, the investment firm started by Garrett Camp of Uber.

And it more than doubles Wingcopter’s previous valuation — a figure that it is not disclosing, either. But if you consider that its bigger U.S. counterpart Zipline last month raised $330 million at a valuation of $4.2 billion, Wingcopter clearly sees the opportunity in the market — and given it has raised only around one-tenth the amount overall, where it likely is right now.

Wingcopter’s raise is coming at a key moment in the wider vertical take-off and landing space overall. In addition to Zipline’s raise, just a week ago, the VTOL business Lilium, which is developing an air taxi business, disclosed that it was raising another $250 million, with $100 million committed so far from Tencent. The company is publicly listed in on NasdaqGS and its stock has been floundering and got a tiny bump from the news.

Indeed, in the more dicey financial waters of today, companies like Wingcopter, Zipline, and others in the space like Flytrex, have something that the air taxi businesses do not: active deployments, albeit small ones. The company has been working with Unicef in Malawi to help it deliver medicines to hard-to-reach areas, and the plan is to expand that service to more geographies and in more partnerships.

>>> Europe : Brokers Upgrades & Downgrades - 11th of May 2023 V2(+)

>>> Up
* Autoliv Raised to Buy at Kepler Cheuvreux; PT $105 (+)
* Bakkafrost Raised to Buy at Arctic Securities; PT 800 kroner
* Diploma Raised to Buy at Jefferies; PT 3,150 pence
* L'Oreal PT Raised to 350 euros from 296 euros at Jefferies
* Neobo Fastigheter Raised to Buy at Kepler Cheuvreux (+)
* Sobi Raised to Buy at Kepler Cheuvreux; PT 245 kronor (+)
* Sopra Steria Raised to Buy at AlphaValue/Baader; PT 252 euros

>>> Down
* Ahold Delhaize Cut to Hold at HSBC; PT 33 euros
* Bridgepoint Cut to Underweight at JPMorgan; PT 224 pence
* Demant Cut to Hold at SEB Equities; PT 325 kroner
* E.On Cut to Hold at DZ Bank; PT 12.80 euros (+)
* Gofore Raised to Buy at Inderes; PT 31 euros
* HighCo Cut to Neutral at Oddo BHF; PT 5.70 euros
* Marshalls Cut to Sell at Shore Capital (+)
* Outokumpu Cut to Hold at SEB Equities; PT 6 euros

>>> Initiation
* Demant Maintained at Buy at SEB Equities; PT 325 kroner

>>> Call
* Diploma Upgraded to Buy at Jefferies on Capacity For M&A
* Elis Delivers Strong First-Quarter Growth, Morgan Stanley Says
* Hannover Re Well On Track to Exceed Targets: Jefferies (+)
* ITV 2Q Ad Revenue Under Pressure After In-Line 1Q: Credit Suisse (+)
* SMA Solar Results Beat Across The Board, Jefferies Says (+)

Business Of Fashion : Prada’s Patrizio Bertelli Rescues Historic Newsstand in Tu

Prada’s Patrizio Bertelli Rescues Historic Newsstand in Tuscany
Prada bags and shoes.

The owner of a historic newsstand in a Tuscan city said he was “delighted” the business has been saved by one of his old customers — Patrizio Bertelli, the chair of the Italian fashion house Prada.

Piero Scartoni, 91, who has been getting up at 5 a.m. to run the newsstand in Piazza San Jacopo in the centre of Arezzo since 1953, can finally retire after it was bought by Bertelli, who was born in the city and is the husband of the fashion designer Miuccia Prada.

“Bertelli was a customer in the 1960s and 70s,” said Scartoni. “He used to buy a load of newspapers and magazines. He was a special customer. Then he became one of the richest people in Italy. I’m delighted he came to the rescue.”

Scartoni is well known in Arezzo for his encyclopaedic knowledge of newspapers and rare magazines, while his newsstand, whose other customers over the years have included the late film director Pier Paolo Pasolini, became a hub for debating the news topics of the day.

But, as with other newsstands across Italy, he has struggled to maintain the business amid the decline in newspaper readership.

“Nobody reads any more,” he said. “I used to sell 200 copies a day of La Nazione [one of the oldest regional newspapers in Italy], and now it’s 65.”

Still, despite being eligible for retirement in 1996, Scartoni persevered with the business with the help of his daughter, Cristiana.

“I would still carry on, but my family doesn’t want it,” he said. “They keep saying, ‘Dad, please retire’. I come and sell a few newspapers, but the administration has become too difficult. I’m almost 100 so I should really stop.”

Italy loses about 1,000 newsstands across the country each year. Many small towns are now without a single one.

“All the newsstands in Arezzo are for sale, but nobody wants them,” said Scartoni. “It’s a gruelling job as you have to start at 5 a.m. It’s just not worth it any more, as you hardly earn anything.”

He lamented the decline in newspaper readership, saying: “The barbarians arrived, and now artificial intelligence is on the way, which will produce monsters.”

Bertelli paid €100,000 (£87,000) for the newsstand, according to Corriere della Sera.

The businessman has rescued other historical establishments in the city that were at risk of closure, including Buca di San Francesco, a restaurant open since the 1920s, and the 19th-century Caffè dei Costanti.

>>> Stoxx 600 Pre-Market Indications

  • ING (INN1 TH) +2.4%
    • ING 1Q Net Income Beats Estimates; €1.5B Share Buyback
  • Deutsche Telekom (DTE TH) +1.2%
    • Deutsche Telekom Beats Earnings Estimates on German Growth
  • Allianz (ALV TH) +1%
    • Allianz SE to Buy Back Up to EU1.5 Billion Shares
  • BAT (BMT TH) +0.8%
  • Aurubis (NDA TH) +0.8%
    • Aurubis AG: Aurubis continues growth course: Multimetal company raises full-year forecast based on strong half-year
  • Novo Nordisk (NOVC TH) +0.6%
  • ASML (ASME TH) -0.5%
  • TUI (TUI1 TH) -0.5%
  • RWE (RWE TH) -0.5%
  • Infineon (IFX TH) -0.6%
  • Gerresheimer (GXI TH) -0.8%
  • Ahold Delhaize (AHOG TH) -1.5%
    • Ahold Delhaize Cut to Hold at HSBC; PT 33 euros
  • Bayer (BAYN TH) -1.9%
    • Bayer Sees FY Forecast at Lower End of Guidance Ranges
  • Coloplast (CBHD TH) -2.1%
    • Coloplast Narrows FY Ebit Margin Forecast

>>> TradeGate Pre-Market Indications

DAX:
  • Deutsche Telekom (DTE TH) +1.1%
    • Deutsche Telekom Beats Earnings Estimates on German Growth
  • Allianz (ALV TH) +1%
    • Allianz SE to Buy Back Up to EU1.5 Billion Shares
  • BASF (BAS TH) +0.6%
    • Bayer Sees FY Forecast at Lower End of Guidance Ranges
  • Daimler Truck (DTG TH) +0.5%
  • Bayer (BAYN TH) -1.9%
    • Bayer Sees FY Forecast at Lower End of Guidance Ranges
MDAX:
  • Jenoptik (JEN TH) +1.9%
    • Jenoptik 1Q Ebitda Beats Estimates
  • Aroundtown (AT1 TH) +1.6%
  • Aurubis (NDA TH) +1.3%
    • AURUBIS 1H OPER REV. EU8.78B, -5.2% Y/Y
  • ProSieben (PSM TH) +0.7%
  • Nordex (NDX1 TH) +0.7%
  • Stroeer (SAX TH) -0.8%
    • Stroeer 1Q Adjusted Ebitda Beats Estimates
  • Siltronic (WAF TH) -1%
    • Siltronic 1Q Sales Meets Estimates
  • TAG Immobilien (TEG TH) -1.7%
    • TAG Immobilien 1Q FFO per Share Beats Estimates
SDAX:
  • VERBIO Vereinigte (VBK TH) +1.6%
    • VERBIO Vereinigte BioEnergie AG: Recovery in Bioethanol segment leads to solid Q3 2022/23 earnings
  • GFT (GFT TH) -0.6%
    • GFT 1Q Pretax Profit EU15.0M Vs. EU13.4M Y/y
  • Bilfinger (GBF TH) -0.6%
    • Bilfinger 1Q Adjusted Ebita EU22M, Confirms 2023 Outlook
  • Cancom (COK TH) -0.6%
    • Cancom Reports 1Q Ebitda of EU24.1M, Confirms 2023 Outlook
  • 1&1 (DRI TH) -1.1%
  • SUSE (SUSE TH) -14%
    • Suse Second-Quarter Results Miss, Guidance Cut: Street Wrap

FT : Blackstone in talks with US regional banks over lending partnerships

Blackstone in talks with US regional banks over lending partnerships
Talks comes as Federal Reserve warns of credit crunch following worst industry turmoil since 2008

Blackstone is in discussions with large US regional banks about providing them with extra firepower to lend to companies amid signs the recent industry turmoil is morphing into a credit crunch.

Jon Gray, president of Blackstone, told the Financial Times his company was talking to regional banks about entering into partnerships, which would involve lenders making or “originating” loans that the private equity group can funnel to its insurance customers.

“The discussions we are having is to potentially partner with a regional bank,” Gray said in an interview. He declined to name the lenders involved in the negotiations but said they had between $100bn and $250bn in assets.

Under Gray’s proposal, the insurers would pay a fee to Blackstone for directing the assets their way.

It comes as private capital giants such as Blackstone, Apollo Global, KKR and Ares Management explore ways to increase their exposure to credit after the collapse of two large US regional banks, Silicon Valley Bank and First Republic.

The Federal Reserve on Monday warned the collapse of the lenders was fuelling a “sharp contraction” in credit that could “drive up the cost of funding for businesses and households”.

Gray said regional banks were still best placed to decide whether to lend to commercial and real estate clients, describing them as having “powerful origination capabilities and relationships”.

But he said groups such as his could be a “valuable partner” by helping to offload some of the risk after a loan has been securitised. “Rather than putting all [of the risk] on its balance sheet, maybe they keep 50 cents [on the dollar], and put 50 cents with us.”

Blackstone plans to channel the securities to asset-hungry insurers which would hold the debt to maturity. “What’s really changed from our standpoint is that we have a very low-cost capital because of our insurance clients,” Gray said.

Blackstone does not have a controlling stake in any insurers but offers asset management services to large players such as AIG. These customers, Gray said, are a natural home for assets that might otherwise be held on banks’ balance sheets.

The talks between Blackstone and regional lenders come at a time when private equity groups are making a big push into the insurance sector, which hoovers up trillions of dollars of debt each year.

Apollo chief executive Marc Rowan said on an earnings call this week that he expects his group to dramatically increase lending following the banking turmoil.

The New York group has in recent years built more than a dozen lending businesses that write loans, which sit on the balance sheets of the insurers it owns. The company has forecast these units could originate at least $150bn in annual loans by 2026.

Earlier this year, Apollo increased its own securitisation capabilities by buying a significant chunk of Credit Suisse’s securitised products division. The unit, now called Atlas SP, lent US regional bank PacWest $1.4bn in March and accepted some of the lender’s asset-backed securities as collateral.

“The banking system wants the client, but not the asset,” Rowan said, echoing Gray’s opinion that in many cases the lender should still have the primary relationship with customers.

Rowan said his group did not pose a significant threat to traditional lenders. “I assure you that the CEOs of the four big banks in the US do not wake up every day wondering what the mighty Apollo is doing,” he said.

>>> Europe : Brokers Upgrades & Downgrades - 11th of May 2023

>>> Up
* Bakkafrost Raised to Buy at Arctic Securities; PT 800 kroner
* Diploma Raised to Buy at Jefferies; PT 3,150 pence
* L'Oreal PT Raised to 350 euros from 296 euros at Jefferies
* Sopra Steria Raised to Buy at AlphaValue/Baader; PT 252 euros

>>> Down
* Ahold Delhaize Cut to Hold at HSBC; PT 33 euros
* Bridgepoint Cut to Underweight at JPMorgan; PT 224 pence
* Demant Cut to Hold at SEB Equities; PT 325 kroner
* Gofore Raised to Buy at Inderes; PT 31 euros
* HighCo Cut to Neutral at Oddo BHF; PT 5.70 euros
* Outokumpu Cut to Hold at SEB Equities; PT 6 euros

>>> Initiation
* Demant Maintained at Buy at SEB Equities; PT 325 kroner

>>> Call
* Diploma Upgraded to Buy at Jefferies on Capacity For M&A
* Elis Delivers Strong First-Quarter Growth, Morgan Stanley Says

>>> What to look at today - 11th of May 2023

US equity futures inched higher and Chinese stocks swung between small gains and loses on Thursday as signs of slowing inflation in the world’s two largest economies spurred hopes for monetary easing. In China, inflation slowed more than expected in April while factory-gate price growth also fell short of forecasts, keeping the window open for monetary easing from the People’s Bank of China.  Mainland China shares rose while Hong Kong’s Hang Seng Index fluctuated. The broader picture for Asian equities was mixed. South Korean stocks rose, Australian shares fell and Japanese equities declined, weighed down by a stronger yen. The dollar held losses following a drop in Treasury yields Wednesday, which held into Asian trading. The policy-sensitive two-year Treasury yield closed the US session down 11 basis points after headline inflation eased to 4.9% in April. That was the first reading below 5% in two years and below consensus expectations. Core inflation remained at 5.5%.  In Hong Kong, the cost to borrow overnight reached a sixteen year high as liquidity tightened after authorities repeatedly intervened to boost the local currency. Elsewhere in the region, Adani Enterprises, billionaire Gautam Adani’s flagship, will hold a board meeting later this week to consider selling stock, the company said in a statement.  The company’s shares have halved this year in a decline driven by accusations of fraud from short seller Hindenburg Research. The group’s US-currency bonds rose Thursday amid a broad gain in investment-grade dollar notes in Asia. Meanwhile, an illiquid corner of swaps insuring Credit Suisse Group AG debt has surged back to life. They’ve had their biggest jump this week since UBS Group AG agreed to buy Credit Suisse in March, as funds including FourSixThree Capital and Diameter Capital Partners pile in, according to people familiar with the matter. Gold edged up as signs that US inflation is cooling fueled speculation that the Federal Reserve will soon pause tightening. Oil advanced for the fourth session in five as easing US inflation weakened the dollar and traders assessed interruptions to supplies.  US After Hours Busy earnings session highlighted by DIS -4.3%; APP +12.3%, U +10.4%, DV +5.8%, ALGM +5.7% higher on earnings; SONO -19.2%, CDNA -9.1% lower on earnings.

Nikkei -0.05% Hang Seng -0.47% CSI -0.09% Shanghai -0.24% Shenzen +0.19%

Eur$ 1.0977 CNH 6.9394 CNY 6.9345 JPY 134.21 GBP 1.2620 CHF 0.8905 RUB 76.22563 TRY 19.5466 WTI$ 73.13 +0.79% Gold 2,031 +0.05% BTC 27,500 -1.34% ETH 1,830 -1.57%

S&P +0.25% Nasdaq +0.20% EuroStoxx +0.28% FTSE +0.23% Dax +0.26% SMI +0.07%

Macro :
- EU Will Publish CO2 Market Surplus Indicator on May 15

Keep an eye on :
- ARL GY : Aareal Bank 1Q Operating Profit EU62M Vs. EU30M Y/y
- YOU GY : About You Sees 2024 Revenue +1% to +11%
- AAF LN : Airtel Africa FY Adjusted Revenue Matches Estimates
- AKTIA FH : Aktia Bank 1Q Adjusted EPS Beats Estimates
- ALV GY : Allianz SE to Buy Back Up to EU1.5 Billion Shares
- BAYN GY : Bayer Sees FY Forecast at Lower End of Guidance Ranges
- BC8 GY : Bechtle 1Q Ebit Misses Estimates
- BEN FP : Beneteau 1Q Revenue Beats Estimates
- BDT GY : Bertrandt Raises 2023 Total Revenue Growth View
- CO FP : Groupe Casino: No Added Info to Communicate About Teract Talks
- COLOB DC : Coloplast Narrows FY Ebit Margin Forecast
- CCAP GY : Corestate CFO Udo Giegerich to Resign From Management Board
- CSGN SW : Credit Suisse CDS Surge as Hedge Funds See Potential Trigger
- CTPNV NA ; CTP 1Q Net Rental Income EU130.7M Vs. EU107.2M Y/y
- DIC GY : DIC Asset 1Q FFO EU12.9M Vs. EU26.7M Y/y
- DNO NO : DNO 1Q Revenue Meets Estimates
- DNR IM : De Nora 1Q Adjusted Ebitda EU46.7M Vs. EU55.2M Y/y
- DTE GY : Deutsche Telekom Boosts FY Adjusted Ebitda After Leases Forecast
- FGR FP : Eiffage 1Q Sales Beats Estimates
- ELIS FP : Elis 1Q Organic Revenue Beats Estimates
- ENGI FP : Engie Earnings Jump 19% on Higher Energy Prices, Renewables
- ENGI FP : Engie Sees FY Recurring Net Income High End of EU3.4B to EU4.0B
- ETL FP : Eutelsat 3Q Revenue Meets Estimates
- GAM SW : GAM Says Rock Investment Files Objection on Offer by Liontrust
- GET FP : Getlink April Passenger Shuttle Traffic Y/y +5%
- GFT GY : GFT 1Q Pretax Profit EU15.0M Vs. EU13.4M Y/y
- GLJ GY : Grenke 1Q Net Income EU15.9M Vs. EU20.5M Y/y
- HNR1 GY : Hannover Re 1Q Net Income EU484.5M Vs. EU427.9M Y/y
- HLAG GY : Hapag-Lloyd Maintains FY Ebitda Forecast
- HEX NO : Hexagon Composites 1Q Ebitda Loss NOK29M, Est. Loss NOK43.5M
- INH GY : Indus Holding 1Q Ebit EU44.8M Vs. EU41.4M Y/y
- INS GY : Instone Real Estate 1Q Adjusted Ebit EU15.8M Vs. EU17.0M Y/y
- INTRUM SS : Intrum Buys Servicing Platform Haya Real Estate EU140 Million
- IVG IM : Iveco 1Q Consolidated Revenue Misses Estimates
- JEN GY : Jenoptik 1Q Ebitda Beats Estimates
- LI FP : Klepierre 1Q Net Rental Income EU228.5M Vs. EU221.5M Y/y
- KBX GY : Knorr-Bremse 1Q Ebit Beats Estimates
- KWS GY : KWS Saat 9M Ebit EU261.2M Vs. EU185.9M Y/y
- LIN US : Singapore Fund GIC Said in Talks for $2 Billion Stake in Messer
- MDM FP : Maisons du Monde 1Q Sales EU273.7M Vs. EU313M Y/y
- MAERSKB DC : Maersk Unit Has Four Tug Boats Seized in Russia, Borsen Says
- MLP GY : MLP 1Q Ebit EU32.4M Vs. EU34.6M Y/y
- MRK GY : Merck KGaA Sees FY Adjusted Ebitda EU6.1B to EU6.7B, Est. EU6.5B
- META US : Facebook Fails in Bid to Get Cambridge Analytica Lawsuit Tossed
- META US : EU Vows to Act If Revamped US Data-Transfer Pact Poses Problems
- MONT BB : Montea FY Adjusted EPS Forecast Beats Estimates
- NVG PL : Navigator Co 1Q Net Income EU71.7M Vs. EU50.6M Y/y
- NEXI IM : Nexi 1Q Operating Revenue Meets Estimates
- OLG FP : Arctos Considers Taking Minority Stake in Paris Saint-Germain
- PFV GY : Pfeiffer Vacuum 1Q Ebit EU32.2M Vs. EU31.3M Y/y
- PHARM NA : Pharming 1Q Revenue $42.5M Vs. $46.6M Y/y
- PLUG US : Hydrogen CEO Warns IRA Cuts Would Shift Clean-Energy Jobs to EU
- PRS NO : Prosafe Offering of 2.72m Shares Prices at NOK117/Share
- PURP LN : Strike in Talks to Buy Business and Assets of Purplebricks
- RECSI NO : REC Silicon 1Q Ebitda Loss $23M Vs. Loss $23.6M Q/Q
- S30 FP : Solutions 30 1Q Revenue EU255.3M Vs. EU222.7M Y/y
- SALM NO : Salmar 1Q Operating Ebit Beats Estimates
- SBMO NA : SBM Offshore 1Q Adjusted Revenue $742M Vs. $970M Y/y
- SGSN SW : SGS Buys Stake in Nutrasource Pharmaceutical and Nutraceutical
- SRS IM : Italy’s Saras Will Spend EU750m to Meet Renewables Goal
- SAX GY : Stroeer 1Q Adjusted Ebitda Beats Estimates
- WAF GY : Siltronic 1Q Sales Meets Estimates
- SIX2 GY : Sixt 1Q Pretax Profit Misses Estimates
- S92 GY : SMA Solar 1Q Ebitda EU60M Vs. EU14.8M Y/y
- SMHN GY : Suess MicroTec 1Q Ebit EU2.9M Vs. EU2.1M Y/y
- SUSE GY : SUSE Prelim 2Q Adjusted Revenue Misses Estimates
- SLHN SW : Swiss Life 1Q Fee and Commission Income CHF595M
- TEG GY : TAG Immobilien 1Q FFO per Share Beats Estimates
- TAP PL : TAP 1Q Net Loss Narrows to EU57.4m Vs. Loss EU121.6m Y/y
- TEF SM : Telefonica 1Q Oibda Beats Estimates
- TEMN SW : Expands Relationship with AWS to Offer Core Banking as SaaS
- TGS NO : TGS 1Q Net Revenue $173M Vs. $132M Y/y
- TKA GY : Thyssenkrupp 2Q Adjusted Ebit Beats Estimates
- TKA GY : Thyssenkrupp Raises Cash Flow Guidance Despite Lower Earnings
- TIT IM : Telecom Italia Posts Earnings On Track with CEO’s Recovery Plan
- TOD IM : Tod's 1Q Sales Beats Estimates
- VASTN NA : Vastned 1Q Occupancy 97.9% Vs. 98.6% Q/Q
- VEI NO : Veidekke 1Q Pretax Loss NOK147M, Est. Loss NOK8.06M
- VOD LN : Vodafone Says Board Members Gooding, Davis, Furse to Retire
- WIE AV : Wienerberger 1Q Revenue Beats Estimates
- ZEQL DC : Zealand Pharma 1Q Net Loss DKK193.6M Vs. Loss DKK222.8M Y/y

>>> US After Hours Summary: Busy earnings session highlighted by DIS -4.3%; APP

After Hours Summary: Busy earnings session highlighted by DIS -4.3%; APP +12.3%, U +10.4%, DV +5.8%, ALGM +5.7% higher on earnings; SONO -19.2%, CDNA -9.1% lower on earnings

After Hours Gainers:

Companies trading higher in after hours in reaction to earnings/guidance: PRPL +22%, APP +12.3%, U +10.4%, MAXN +9.6%, DXPE +8.4%, FLNC +7.4%, MGNI +6.5%, DV +5.8%, ALGM +5.7%, SMRT +5.6%, NXT +5.3%, STE +4.1%, BYND +3.9% (also files mixed shelf securities offering), TTD +3.6% (also CFO to step down, names new CFO), ALRM +2.9%, ACVA +2.6%, PAAS +2.6%, RBA +2.3%, ORCC +2.3%, JAZZ +2.1%, MATV +2.1%, HOOD +2%, SOVO +2%, TTEK +2%, STKL +1.5%, CPRX +1.3%, LAW +1.2%, RPAY +1%, RICK +0.8%, OR +0.8% (also increases dividend), OSUR +0.7%, CDE +0.4%, NDLS +0.4%, CR +0.3%, CPA +0.2%, PYCR +0.1%

Companies trading higher in after hours in reaction to news: HMPT +16.8% (COOP to acquire HMPT), NEWT +2.7% (to delay 10-Q filing), ADEA +2.1% (TVStorm renews license for Adeia's media IP portfolio), BNTX +1.4% (MTNB says study of mRNA delivery did not demonstrate preclinical activity; collaboration deal has concluded), JWN +0.4% (names new CFO)

After Hours Losers:

Companies trading lower in after hours in reaction to earnings/guidance: SONO -19.2%, CDNA -9.1% (also files mixed shelf securities offering), DM -8.5% (also files for 444,793 share offering by selling shareholders), BLFS -8.1% (also exploring strategic alternatives for CBS and Stirling), GDEN -6%, VUZI -5.7%, DIS -4.3%, PAR -2.2%, HPK -2.1%, MFC -1.9%, RIOT -1.9%, CRSR -1.7%, DOX -1.4%, NTR -1.3%, COOK -1.2%, MARA -0.9%, FLEX -0.1%

Companies trading lower in after hours in reaction to news: TSLX -4% (launches 4.5 mln share offering), HLMN -3.2% (stock offering by selling shareholder), REXR -2.5% (13.5 mln share offering), BELFB -1.7% (files $250 mln mixed shelf securities offering), IRT -1.5% (increases dividend), TTCF -1.4% (to delay 10-Q filing), CDZI -1.3% (stock offering by selling shareholders), SST -1% (to delay 10-Q filing), EQNR -0.2% (awards two major contracts for the BM-C-33 project in Brazil), ACI -0.1% (KR is committed to legal fight if deal for ACI is blocked, according to Bloomberg)