Stocks In News: FORG, AMV, VOXR
2:57 pm Tuesday, October 11th, 2022
With the major indices recovering from the volatility over recent days, shares of global digital identity leader ForgeRock (NYSE:FORG) stock jumped 49%, representing one of the key highlights on Tuesday. Thoma Bravo, one of the world’s largest private equity firms with a focus on the software industry, announced buying out the company in a deal worth approximately $2.3 billion. The institutional investor paid $23.25 per share for FORG stock in an all-cash transaction. According to the accompanying press release, the “offer represents a premium of approximately 53% over ForgeRock’s closing share price on October 10, 2022, the last full trading day prior to the transaction announcement.” As well, it reflects a premium of about 44% over the volume-weighted average price of FORG stock for the 30 days ending Oct. 10.
Atlis Motor (NASDAQ:AMV) stock is getting a boost on Tuesday after revealing an order for electric vehicle (EV) charging stations from AUSEV. AUSEV is focused on speeding up the adoption of EVs in Australia and wants charging stations from Atlis Motor to help with that. To be specific, it’s ordered a total of 270 of the company’s 1.5 MW charging stations. It’s worth noting that this charging station order is an expansion of a previous deal between the two companies. That saw it order a total of 19,000 XT electric pickup trucks made by Atlis Motor back in August.
Vox Royalty (NASDAQ:VOXR) stock is seeing incredibly volatile trading on Tuesday after the company uplisted shares to the Nasdaq. Prior to that, shares of the returns-focused mining royalty company’s stock were trading on the OTCQX. While shares no longer trade on that exchange, they are still available on the TSX Venture Exchange. Also, those holding shares from the OTCQX will see them transfer to the Nasdaq, but it may take a couple of weeks depending on their broker.
