By Connor Hart
Quantum-Si entered into a stock buyback agreement with a group of institutional investors that is expected to raise about $50 million. The protein-sequencing company expects to purchase and sell about 15.6 million shares of common stock at $3.20 per share. It plans to use net proceeds for working capital and general corporate purposes. Shares fall 16%, to $3.60, in after-hours trading.
Solowin Holdings will invest $10 million in Alloy X's Pre-A funding round. The Chinese company said Friday its investment in Alloy X will help the Asian stablecoin-infrastructure firm expand its operations in the United Arab Emirates, Africa and the Association of Southeast Asian Nations. Stablecoins are cryptocurrencies whose value is tied to that of another currency, commodity or financial instrument. Shares jump 34%, to $2.50, in post-market trading.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
January 03, 2025 18:25 ET (23:25 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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