VOYG - PRISM Mid-Day Movers: Biotech Boosts and EV Battery Setbacks
2025-08-05 13:30:25 ET
Shattuck Labs Jumps 28% on $103M Oversubscribed Private Placement
Shattuck Labs, Inc. ( STTK ) climbed 27.91% to lead the PRISM Emerging Biotech Index after announcing an oversubscribed private placement of up to $103 million . The funding, led by OrbiMed and several healthcare-focused investors, will support the clinical advancement of SL-325, a potentially first-in-class DR3 blocking antibody for autoimmune and inflammatory diseases. The proceeds are expected to fund operations through 2029 and transition the company into multiple Phase 2 trials, including those in inflammatory bowel disease.
SES AI Drops 20% Despite Affirming Revenue Guidance and Acquisition Plan
SES AI Corporation ( SES ) fell 20.07%, dragging down the PRISM Emerging EV Index , after reporting $3.5 million in Q2 revenue and affirming full-year guidance between $15-$25 million . Despite positive gross margins (74%) and expanded enterprise adoption of its Molecular Universe AI platform, the stock retreated. News of the company's agreement to acquire UZ Energy, a move aimed at penetrating the $300 billion energy storage market, was not enough to offset concerns about burn rate and market execution, particularly in the face of heightened competition and macroeconomic headwinds.
Other PRISM Mid-Day Movers:
? Ardelyx, Inc. ( ARDX ) up 15.83%
? Voyager Digital Ltd. ( VOYG ) down 18.57%
The post PRISM Mid-Day Movers: Biotech Boosts and EV Battery Setbacks appeared first on PRISM MarketView .
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