New On The Block
NEXGEL (NASDAQ:NXGL) is reviewing its non-core assets and business structure to improve liquidity and focus resources on its key growth areas. A special committee is evaluating options including asset sales, partnerships, restructuring and potentially winding down certain operations, with an initial plan expected within 30 to 45 days.
Ocean Power Technologies, Inc. (NYSE:OPTT) is exploring strategic alternatives to maximize value for its stockholders. The company tapped investment bank Bowen, Inc. to advise the review.
U.S. Gold Corp. (NASDAQ:USAU) has established a Special Committee to review potential merger and acquisition opportunities and hired advisors to explore financing options for the development of its CK Gold Project in southeastern Wyoming.
SpringBig Holdings completed a restructuring that wiped out about $12.5 million in secured debt. The company is exploring strategic alternatives to boost shareholder value. The company did not disclose which strategic options it is considering or when the review will be completed. The company said it is weighing several opportunities and will provide more details as the process advances.
