Sunday, August 1, 2021

AgeX Therapeutics Skyrockets Up 250% After Juvenescence Discloses 50% Stake in AGE

AgeX leads the market with over 253 million shares being traded as the stock crosses $3 mark since July 2019.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


The biotech medical therapeutics firm is leading the market with the highest trading volume. AgeX Therapeutics Inc. (AGE) is up by almost 250% in today’s trading session making the stock reach a 15-month high at $3.82.


A Backdoor Way To Profit From Today’s Crypto Bull Market

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free. .

Sponsored


AgeX is continuing to surge as the trading goes on and is running to be the top stock today with almost 253 million trading volume, at the time of press. This whopping spike in AGE comes right after it was disclosed in a regulatory filing that Juvenescence owns a 50% stake in the company.

As we write this at 12:18 P.M. EDT, AGE was trading at $2.98 up by 251%. The shares of AgeX have added more than $2 in its price in today’s trading session. AgeX closed the previous trading session at $0.84 before the stock started to pick the bullish momentum in the premarket and surged above 100%, starting the day at $2.24.

AgeX Stock Gets Driven by 50% Stake Acquisition

In the SEC filing, investors learned that Juvenescence has obtained a 50% stake in AgeX Therapeutics. It was noted that on September 15, 2020, Juvenescence made the transaction making an additional advance of $1 million with AgeX under the new facility.

Following Juvenescence’s transaction, it resulted in the purchase of 588,235 common stock shares of AgeX Therapeutics at a per exercise price of $0.85.

Juvenescence owns a 50% stake which represents 21.2 million common stock shares, among which 16.4 million are being held directly while 150k shares are held through warrants issued in August 2019 under the loan agreement. Whereas, 2.5 million shares from the potential exercise of warrants that were issued in the new facility and the remaining 2.2 million shares that may be issued in conversion to the outstanding amounts under the new facility.

Big-Deal for the Future!

The 50% stake ownership of Juvenescence in AgeX is a big deal and this can certainly be known by the reaction of the investment community in today’s trading. Juvenescence is all about increasing human longevity and sees value in the work that AgeX is doing.

Who knows that Juvenescence may go for complete acquisition of Agex Therapeutics, Inc. (AGE) since it owns 50% of the company. Things seem to be stirring up nicely for Agex and it would be one of the stocks to look at in the coming days.

Latest news

KLA Corporation (KLAC) announces new shipments of innovative device

Electronic manufacturing equipment manufacturer KLA Corporation (NASDAQ: KLAC) announced new shipments of its innovative device. It changes one of the major technological processes, and...

Novanta Inc. (NOVT) Acquires Schneider Electric Motion USA (SEM) For $115M Cash

Novanta Inc. (NASDAQ: NOVT) has acquired Schneider Electric Motion USA (SEM), a company that could contribute to its industrial automation development. Novanta Inc. (NOVT) purchased...

What Helped MannKind Corporation (MNKD) Stock Jump 11.6 Percent?

During the trading session on 28 June,2021 MannKind Corporation (NASDAQ: MNKD) advanced 11.60 percent to $5.31.This hike occurred as a result of recent efforts...

Identifying Value and Future Vision in Chewy Inc. (CHWY) Stock

Chewy Inc. (NYSE: CHWY), an online pet product retailer, recently introduced a new service, Connect With a Vet, featuring remote consultations with veterinarians. The...

Related news

KLA Corporation (KLAC) announces new shipments of innovative device

Electronic manufacturing equipment manufacturer KLA Corporation (NASDAQ: KLAC) announced new shipments of its innovative device. It changes one of the major technological processes, and...

Novanta Inc. (NOVT) Acquires Schneider Electric Motion USA (SEM) For $115M Cash

Novanta Inc. (NASDAQ: NOVT) has acquired Schneider Electric Motion USA (SEM), a company that could contribute to its industrial automation development. Novanta Inc. (NOVT) purchased...

What Helped MannKind Corporation (MNKD) Stock Jump 11.6 Percent?

During the trading session on 28 June,2021 MannKind Corporation (NASDAQ: MNKD) advanced 11.60 percent to $5.31.This hike occurred as a result of recent efforts...

Identifying Value and Future Vision in Chewy Inc. (CHWY) Stock

Chewy Inc. (NYSE: CHWY), an online pet product retailer, recently introduced a new service, Connect With a Vet, featuring remote consultations with veterinarians. The...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

1745

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam