Luna Innovations (OTC:LUNA) Azioni

Luna Innovations

Luna Innovations Inc is engaged in optical technology, providing high-performance fiber optic test, measurement, and control products for the telecommunications, and photonics industries, and distributed fiber optic sensing solutions that measure and monitor materials and structures for applications in aerospace, automotive, oil, and gas, security, and infrastructure. Its Lightwave segment develops, manufactures, and markets optical measurements technologies like Sensing including short, medium, and long-range distributed fiber optic sensing solutions and Terahertz measurement products, and Communications test and photonic control including test equipment for communications devices and networks and specialty laser and photonic components. It derives a majority of its revenue from the U.S.

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Oggi alcuni titoli azionari stanno attirando particolare attenzione nel pre-market a causa di annunci chiave e movimenti significativi.

Pre-market: 5 titoli da monitorare oggi, 30 dicembre 2024

LUNA INNOVATIONS INC by Luna Innovations, Inc.

Luna Innovations Inc

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<h3>Gainers</h3>
<ul>
<li>LeddarTech Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LDTC#NASDAQ">LDTC</a>) stock rose 27.8% to $2.02 during Monday's pre-market session. The market value of their outstanding shares is at $72.1 million. </li>
<li>Cerence (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRNC#NASDAQ">CRNC</a>) stock rose 23.79% to $23.93. The market value of their outstanding shares is at $1.0 billion. </li>
<li>VerifyMe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRME#NASDAQ">VRME</a>) stock moved upwards by 20.0% to $1.62. The market value of their outstanding shares is at $17.0 million. </li>
<li>Cambium Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMBM#NASDAQ">CMBM</a>) shares rose 19.81% to $1.04. The company's market cap stands at $29.3 million. </li>
<li>Abits Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABTS#NASDAQ">ABTS</a>) shares moved upwards by 18.9% to $0.73. The company's market cap stands at $25.7 million. </li>
<li>Castellum (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/CTM#AMEX">CTM</a>) shares increased by 16.76% to $1.95. The company's market cap stands at $127.8 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Luna Innovations (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUNA#NASDAQ">LUNA</a>) shares decreased by 39.5% to $1.24 during Monday's pre-market session. The company's market cap stands at $43.0 million. </li>
<li>ClearOne (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLRO#NASDAQ">CLRO</a>) shares declined by 25.16% to $0.98. The company's market cap stands at $23.5 million. </li>
<li>Gorilla Tech Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRRR#NASDAQ">GRRR</a>) stock decreased by 18.63% to $19.14. The company's market cap stands at $212.6 million. </li>
<li>Youxin Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YAAS#NASDAQ">YAAS</a>) stock fell 10.86% to $3.45. The company's market cap stands at $115.7 million. </li>
<li>The9 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCTY#NASDAQ">NCTY</a>) shares decreased by 10.38% to $14.6. The company's market cap stands at $131.2 million. </li>
<li>CPS Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPSH#NASDAQ">CPSH</a>) stock fell 7.98% to $1.5. The company's market cap stands at $21.7 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Information Technology Stocks Moving In Monday's Pre-Market Session

Luna Innovations Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUNA#NASDAQ">LUNA</a>) shares are trading lower by 45% to $1.12 Monday afternoon after the company announced its stock will be <a href="https://www.benzinga.com/pressreleases/25/01/b42812784/luna-innovations-stock-to-be-suspended-from-nasdaq-listing">suspended</a> from the Nasdaq.
What Else: Luna Innovations&#8217; stock will delisted from Nasdaq after failing to meet the SEC&#8217;s March 2025 deadline for delinquent filings. The company anticipates its shares will trade on the OTC Expert Market following the suspension. 
Despite the delisting, Luna emphasized that its business operations remain unaffected and that it continues to support customers and partners.
CEO Kevin Ilcisin acknowledged delays in the restatement process but highlighted operational improvements and key achievements in late 2024. 
Luna says the company remains focused on delivering high-quality products and services. The company plans to share a business update later in January, including preliminary revenue and booking results for fiscal year 2024.
Read Also: <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/42826154/wall-street-rallies-chipmakers-soar-ahead-of-nvidias-huang-speech-bitcoin-reclaims-100000-whats-driving-markets-monday">Wall Street Rallies, Chipmakers Soar Ahead Of Nvidia&#8217;s Huang Speech, Bitcoin Reclaims $100,000: What&#8217;s Driving Markets Monday?</a>
According to data from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, LUNA has a 52-week high of $7.92 and a 52-week low of $1.11.

Why Luna Innovations Shares Are Down 45% Today

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Luna Innovations shares are trading lower after the company announced its stock will be suspended from the Nasdaq.

Luna Innovations Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUNA#NASDAQ">LUNA</a>) (the "Company"), a global leader in advanced fiber optic-based technology, today announced that, due to the Company's inability to meet the March 27, 2025 deadline to file its previously disclosed delinquent filings with the Securities and Exchange Commission to regain compliance, the trading in its securities will be suspended tomorrow, January 7, 2025, and subsequently delisted from The Nasdaq Stock Market LLC ("Nasdaq"). Following the suspension, the Company expects its shares to be eligible to trade on the over-the-counter ("OTC") market, specifically the OTC Expert Market.
The suspension/delisting of the Company's stock from Nasdaq does not directly impact the Company's business operations. The Company remains focused on its strategic alternatives and continues to support its customers, partners, and suppliers in the usual course.

Luna Innovations Stock To Be Suspended From Nasdaq Listing January 7, 2025

With U.S. stock futures trading lower this morning on Monday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>CEL-SCI Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVM#NYSE">CVM</a>) said it priced its $5 million public offering 16.13 million common shares at 31 cents per share, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. CEL-SCI shares fell 8.6% to $0.55 in the after-hours trading session.</li>
<li>CCSC Technology International Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCTG#NASDAQ">CCTG</a>) posted a net loss of $0.7 million for the six months ended Sept. 30, versus a year-ago net income of $0.4 million. Its revenue surged by 22.9% year-over-year to $9.2 million during the period. CCSC Technology International shares jumped 49.4% to $2.45 in after-hours trading.</li>
<li>Luna Innovations Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUNA#NASDAQ">LUNA</a>) announced that Pamela Coe, a member of the Board of Directors, will be retiring from the Luna board. Luna Innovations shares fell 5.5% to $2.05 in the after-hours trading session.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Citius Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTXR#NASDAQ">CTXR</a>) reported a net loss of $39.4 million, or $5.97 per share for the full year ended Sept. 30, versus a year-ago net loss of $32.5 million, or $5.57 per share. Citius Pharmaceuticals shares slipped 1.9% to $1.0207 in the after-hours trading session.</li>
<li>Genius Group Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNS#NYSE">GNS</a>) posted first-half revenue of $4.9 million, down from $11.8 million in the year-ago period. Its net assets surged 177% to $54.6 million from $19.7 million as of Dec. 31, 2023. Genius Group shares jumped 11.6% to $0.72 in the after-hours trading session.</li>
</ul>
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CCSC Technology International, CEL-SCI And 3 Stocks To Watch Heading Into Monday

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Shares of tech-related stocks are trading higher. The sector may be gaining ahead of the new year.

<h3>Gainers</h3>
<ul>
<li>Unusual Machines (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/UMAC#AMEX">UMAC</a>) stock rose 44.8% to $14.32 during Friday's pre-market session. The company's market cap stands at $118.8 million. </li>
<li>Ondas Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONDS#NASDAQ">ONDS</a>) stock rose 31.53% to $1.14. The market value of their outstanding shares is at $88.1 million. </li>
<li>NextTrip (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTRP#NASDAQ">NTRP</a>) stock moved upwards by 20.0% to $3.6. The company's market cap stands at $5.1 million. </li>
<li>The9 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCTY#NASDAQ">NCTY</a>) shares increased by 8.44% to $14.44. The market value of their outstanding shares is at $129.7 million. </li>
<li>Couchbase (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BASE#NASDAQ">BASE</a>) stock moved upwards by 8.21% to $22.0. The market value of their outstanding shares is at $1.1 billion. </li>
<li>Red Cat Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCAT#NASDAQ">RCAT</a>) stock moved upwards by 7.87% to $10.0. The company's market cap stands at $754.6 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>T Stamp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IDAI#NASDAQ">IDAI</a>) shares declined by 23.8% to $0.64 during Friday's pre-market session. The company's market cap stands at $14.8 million. </li>
<li>Karooooo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KARO#NASDAQ">KARO</a>) stock declined by 11.86% to $39.1. The market value of their outstanding shares is at $1.2 billion. </li>
<li>ZenaTech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZENA#NASDAQ">ZENA</a>) shares declined by 11.36% to $6.95. The market value of their outstanding shares is at $122.7 million. </li>
<li>Infobird Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IFBD#NASDAQ">IFBD</a>) shares fell 9.1% to $2.4. The market value of their outstanding shares is at $4.7 million. </li>
<li>Luna Innovations (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUNA#NASDAQ">LUNA</a>) stock fell 8.99% to $1.62. The company's market cap stands at $56.2 million. </li>
<li>Oblong (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OBLG#NASDAQ">OBLG</a>) stock decreased by 7.41% to $3.25. The company's market cap stands at $3.7 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Information Technology Stocks Moving In Friday's Pre-Market Session

<h3>Gainers</h3>
<ul>
<li>Super Micro Computer (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) shares moved upwards by 25.8% to $27.1 during Tuesday's pre-market session. The market value of their outstanding shares is at $15.8 billion. </li>
<li>Mobix Labs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOBX#NASDAQ">MOBX</a>) stock rose 10.46% to $0.67. The market value of their outstanding shares is at $20.4 million. </li>
<li>Next Technology Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXTT#NASDAQ">NXTT</a>) stock rose 8.82% to $1.85. The market value of their outstanding shares is at $12.9 million. The company's, Q3 earnings came out 2 days ago. </li>
<li>Cyngn (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYN#NASDAQ">CYN</a>) shares moved upwards by 7.98% to $6.22. The company's market cap stands at $12.6 million. </li>
<li>Zenvia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZENV#NASDAQ">ZENV</a>) shares rose 7.75% to $1.25. The company's market cap stands at $64.8 million. The company's, Q3 earnings came out yesterday. </li>
<li>CCSC Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCTG#NASDAQ">CCTG</a>) shares increased by 7.69% to $1.68. The company's market cap stands at $19.4 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Duos Technologies Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DUOT#NASDAQ">DUOT</a>) shares declined by 14.4% to $3.75 during Tuesday's pre-market session. The company's market cap stands at $30.1 million. </li>
<li>Alpha Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATGL#NASDAQ">ATGL</a>) shares declined by 10.38% to $12.01. The company's market cap stands at $197.7 million. </li>
<li>Global Engine Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLE#NASDAQ">GLE</a>) stock fell 9.45% to $4.6. The company's market cap stands at $84.1 million. </li>
<li>Luna Innovations (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUNA#NASDAQ">LUNA</a>) shares declined by 7.27% to $1.53. The company's market cap stands at $53.0 million. </li>
<li>Intuit (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>) shares fell 6.84% to $632.43. The company's market cap stands at $176.7 billion. </li>
<li>Backblaze (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLZE#NASDAQ">BLZE</a>) stock declined by 6.6% to $5.95. The company's market cap stands at $264.1 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Information Technology Stocks Moving In Tuesday's Pre-Market Session

Luna Innovations Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUNA#NASDAQ">LUNA</a>) (the "Company"), a global leader in advanced fiber optic-based technology, today announced that it has received a written notice (the "Notice") on November 14, 2024, from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") stating that because the Company has not yet filed its Form 10-Q for the quarter ended September 30, 2024 (the "Q3 2024 Form 10-Q") and because the Company remains delinquent in filing its Form 10-Qs for the quarters ended March 31, 2024 (the "Q1 2024 Form 10-Q") and June 30, 2024 (the "Q2 2024 Form 10-Q") and its Form 10-K for the year ended December 31, 2023 (the "2023 Form 10-K", and collectively with the Q1 2024 10-Q, Q2 2024 10-Q and Q3 2024 10-Q, the "Delinquent Filings"), it is not in compliance with Nasdaq Listing Rule 5250(c)(1) (the "Rule"), which requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission (the "SEC"). As previously announced, the Company received earlier notices of non-compliance with respect to the Rule on August 20, 2024, May 17, 2024 and April 2, 2024 because it had not yet filed its Q2 2024 Form 10-Q, Q1 2024 Form 10-Q and 2023 Form 10-K, respectively.
This Notice has no immediate effect on the listing of the Company's shares on Nasdaq. However, if the Company fails to timely regain compliance with the Rule, the Company's common stock will be subject to delisting from Nasdaq.
As previously disclosed on October 7, 2024, the Company intended to appeal a determination by the Nasdaq Listing Qualifications Department to delist the Company's securities due to the Company's Delinquent Filings. On October 8, 2024, the Company timely requested a hearing before the Nasdaq Hearings Panel (the "Panel") and requested that the automatic stay of suspension be extended through the completion of the hearings process and the expiration of any additional extension period granted by the Panel following the hearing. The hearing is scheduled for November 26, 2024 and the request for the automatic stay of suspension was granted.
The Company is working diligently to complete its Delinquent Filings and will provide an update once more information is available.

Luna Innovations Receives Additional Notice From Nasdaq Regarding Late Filing Of Quarterly Report On Form 10-Q; Hearing Is Scheduled For November 26, 2024 And The Request For The Automatic Stay Of Suspension Was Granted

<h3>Gainers</h3>
<ul>
<li>Atlassian (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEAM#NASDAQ">TEAM</a>) stock rose 15.4% to $217.5 during Thursday's after-market session. The company's market cap stands at $56.6 billion. As per the news, the Q1 earnings report came out today. </li>
<li>Intel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) stock increased by 13.47% to $24.42. The company's market cap stands at $104.4 billion. The company's, Q3 earnings came out today. </li>
<li>Taoping (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TAOP#NASDAQ">TAOP</a>) shares rose 10.32% to $0.47. The market value of their outstanding shares is at $2.1 million. </li>
<li>LeddarTech Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LDTC#NASDAQ">LDTC</a>) stock increased by 6.99% to $0.26. The company's market cap stands at $7.6 million. </li>
<li>Viavi Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIAV#NASDAQ">VIAV</a>) shares increased by 5.85% to $9.76. The company's market cap stands at $2.1 billion. The company's, Q1 earnings came out today. </li>
<li>XTI Aerospace (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XTIA#NASDAQ">XTIA</a>) stock moved upwards by 5.71% to $0.06. The company's market cap stands at $2.4 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Ostin Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OST#NASDAQ">OST</a>) stock fell 12.0% to $0.44 during Thursday's after-market session. The market value of their outstanding shares is at $6.5 million. </li>
<li>AXT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXTI#NASDAQ">AXTI</a>) stock declined by 7.97% to $2.37. The market value of their outstanding shares is at $105.4 million. The company's, Q3 earnings came out today. </li>
<li>Luna Innovations (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUNA#NASDAQ">LUNA</a>) shares fell 7.75% to $1.43. The market value of their outstanding shares is at $49.6 million. </li>
<li>DatChat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DATS#NASDAQ">DATS</a>) shares fell 7.06% to $1.45. The company's market cap stands at $4.3 million. </li>
<li>Iveda Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IVDA#NASDAQ">IVDA</a>) shares fell 4.07% to $1.65. The company's market cap stands at $3.7 million. </li>
<li>Gryphon Digital Mining (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRYP#NASDAQ">GRYP</a>) stock decreased by 3.89% to $0.61. The market value of their outstanding shares is at $30.1 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Information Technology Stocks Moving In Thursday's After-Market Session

Phelan succeeds John Roiko, who joined Luna out of retirement in May 2024 and played a key role in establishing a resilient foundation for Luna&#39;s future growth. Following the appointment of Mr. Phelan, Mr. Roiko will shift to a consulting role to support the ongoing restatement process.

Management

Luna Innovations Appoints William Phelan As Its New CFO And Chief Accounting Officer, Effective Immediately

<h3>Gainers</h3>
<ul>
<li>Saiheat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAIH#NASDAQ">SAIH</a>) shares rose 56.9% to $0.88 during Wednesday's regular session. The company's market cap stands at $21.6 million. </li>
<li>Arqit Quantum (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARQQ#NASDAQ">ARQQ</a>) shares rose 36.64% to $6.6. The market value of their outstanding shares is at $45.0 million. </li>
<li>Luna Innovations (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUNA#NASDAQ">LUNA</a>) shares increased by 31.27% to $1.91. The company's market cap stands at $66.2 million. </li>
<li>Alarum Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALAR#NASDAQ">ALAR</a>) shares increased by 26.95% to $15.87. The company's market cap stands at $109.0 million. </li>
<li>BIT Mining (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BTCM#NYSE">BTCM</a>) shares moved upwards by 20.83% to $2.9. The company's market cap stands at $32.2 million. </li>
<li>Soluna Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLNH#NASDAQ">SLNH</a>) stock moved upwards by 20.42% to $4.01. The market value of their outstanding shares is at $23.0 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Silvaco Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SVCO#NASDAQ">SVCO</a>) shares fell 28.7% to $7.89 during Wednesday's regular session. The company's market cap stands at $207.4 million. </li>
<li>Penguin Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PENG#NASDAQ">PENG</a>) stock declined by 24.63% to $15.38. The market value of their outstanding shares is at $814.0 million. The company's, Q4 earnings came out yesterday. </li>
<li>Zapata Computing Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZPTA#NASDAQ">ZPTA</a>) shares decreased by 17.43% to $0.1. The market value of their outstanding shares is at $3.9 million. </li>
<li>X3 Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XTKG#NASDAQ">XTKG</a>) stock declined by 12.07% to $0.16. The company's market cap stands at $42.9 million. </li>
<li>Wellchange Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WCT#NASDAQ">WCT</a>) stock fell 9.55% to $6.54. The market value of their outstanding shares is at $137.9 million. </li>
<li>Orangekloud Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORKT#NASDAQ">ORKT</a>) stock declined by 8.93% to $6.43. The company's market cap stands at $148.9 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Shares of companies within the broader technology sector are trading lower. The sector may be falling amid sympathy for overall market weakness after ASML and UnitedHealth Group reported Q3 results.

Luna Innovations shares are trading lower after the company received a Nasdaq listing compliance rule notification.

The Determination will not result in the immediate suspension of trading or delisting of the Company&#39;s securities.
However, unless the Company requests an appeal of the Determination by October 8, 2024, trading of the Company&#39;s common stock will be suspended from The Nasdaq Capital Market at the opening of business on October 10, 2024, and a Form 25-NSE will be filed with the SEC, which will remove the Company&#39;s securities from listing and registration on Nasdaq.

Luna Innovations Gets Nasdaq Staff Determination Letter Regarding Compliance With Nasdaq Listing Rule

Luna Innovations Reveals Receipt Of Written Notice On August 20, 2024, From Nasdaq Regarding Late Filing of Quarterly Report

The company also announced the retirement of Richard Roedel from the Board of Directors&nbsp;after nearly 20 years of service, and the closing of a&nbsp;$15 million&nbsp;junior secured term loan facility.
Ilcisin succeeds Richard Roedel, who informed the Board on July 12, 2024, that, after nearly 20 years of dedicated service to the Company, he was stepping down as Interim President and Interim Executive Chairman of the Company due to health reasons, effective immediately.
On July 16, 2024, Warren B. (Barry) Phelps, III was appointed Chair of the Board of Directors.

Luna Innovations Appoints Kevin Ilcisin As Its New President And CEO, Effective August 1, 2024

In a significant development, Terraform Labs agreed to a civil settlement of $4.47 Billion with the Securities and Exchange Commission after being found guilty of defrauding cryptocurrency investors during the infamous Terra (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/luna/usd">LUNA</a>) implosion in 2022.
What Happened: A jury found Terraform Labs and its disgraced founder, Do Kwon, guilty of defrauding cryptocurrency investors, according to a Reuters report Wednesday. A proposed final judgment was filed in a Manhattan federal court, awaiting approval by U.S. District Judge Jed Rakoff.
The judgment includes $4.05 billion of disgorgement plus interest, and a $420 million civil fine. However, <a href="https://www.benzinga.com/markets/cryptocurrency/24/01/36710591/terraform-labs-files-for-chapter-11-bankruptcy-protection-amid-legal-woes-facing-co-founde">due to Terraform&#8217;s bankruptcy filing in January,</a> much of this is unlikely to be paid and will be treated as an unsecured claim in the Chapter 11 case.
Kwon has agreed to a ban on cryptocurrency transactions and is required to transfer $204.3 million to Terraform&#8217;s bankruptcy estate. The SEC stated in a court filing that the judgment would &#8220;ensure the maximal return of funds to harmed investors and put Terraform out of business for good.&#8221;
Why It Matters: The case against Terraform Labs and Do Kwon has been ongoing for over two years. In April 2024, a United States District Court found that Terraform Labs and Kwon <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38147207/court-finds-terraform-labs-guilty-of-defrauding-crypto-investors">had defrauded investors during the stunning collapse of stablecoin TerraUSD (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">UST</a>) and reserve cryptocurrency LUNA</a>, an event that wiped out more than $40 billion in market cap within a week and triggered a cryptocurrency bear market.
In the same month, a former employee of Jump Trading testified that Jump Trading had <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38027657/trading-firm-allegedly-colludes-with-do-kwons-terra-making-1b-before-peg-collapsed-testimo">colluded with Terraform Labs</a> to manipulate the price of UST. 
Price Action: At the time of writing, LUNA was exchanging hands at $0.5476, up 0.34% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>. Its sister token, Terra Classic (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">LUNC</a>) rose 2.23% in the last 24 hours.
Photo via Shutterstock
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39291992/solana-ripple-etfs-unlikely-in-near-future-says-cboe-vp">Solana, Ripple ETFs Unlikely In Near Future, Says Cboe VP</a>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

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Bankrupt Terraform Labs And Founder Do Kwon Reach Historic $4.47B Settlement With The SEC In The UST, LUNA Collapse Case

Luna Innovations Reveals Receipt Of Notice From Nasdaq Regarding Late Filing Of Quarterly Report On Form 10-Q

<h3>Gainers</h3>
<ul>
<li>Strong Global (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SGE#AMEX">SGE</a>) shares rose 100.8% to $2.29 during Monday's regular session. The market value of their outstanding shares is at $18.0 million. </li>
<li>Perficient (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRFT#NASDAQ">PRFT</a>) stock rose 52.8% to $73.52. The company's market cap stands at $2.5 billion. The company's, Q1 earnings came out today. </li>
<li>DatChat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DATS#NASDAQ">DATS</a>) stock moved upwards by 26.53% to $1.53. The company's market cap stands at $4.6 million. </li>
<li>Upland Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPLD#NASDAQ">UPLD</a>) shares rose 24.27% to $3.22. The market value of their outstanding shares is at $89.6 million. As per the press release, Q1 earnings came out 2 days ago. </li>
<li>Marathon Digital Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) shares increased by 17.07% to $20.51. The market value of their outstanding shares is at $5.5 billion. </li>
<li>My Size (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MYSZ#NASDAQ">MYSZ</a>) stock rose 15.12% to $4.81. The company's market cap stands at $3.0 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Meta Materials (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMAT#NASDAQ">MMAT</a>) shares decreased by 20.4% to $2.67 during Monday's regular session. The market value of their outstanding shares is at $16.8 million. </li>
<li>ReAlpha Tech Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIRE#NASDAQ">AIRE</a>) shares fell 10.55% to $0.89. The company's market cap stands at $39.4 million. </li>
<li>Luna Innovations (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUNA#NASDAQ">LUNA</a>) shares declined by 9.97% to $2.75. The market value of their outstanding shares is at $95.5 million. </li>
<li>MicroCloud Hologram (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOLO#NASDAQ">HOLO</a>) shares decreased by 8.72% to $2.09. The market value of their outstanding shares is at $12.4 million. </li>
<li>Saverone 2014 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SVRE#NASDAQ">SVRE</a>) stock fell 8.52% to $0.68. The market value of their outstanding shares is at $10.8 million. </li>
<li>UTStarcom Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UTSI#NASDAQ">UTSI</a>) shares fell 8.25% to $2.56. The market value of their outstanding shares is at $23.8 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Information Technology Stocks Moving In Monday's Intraday Session

Press Releases

Luna Innovations Announces Receipt of Nasdaq Staff Determination Letter

Luna Innovations Announces CFO Transition: Names William Phelan as Chief Financial Officer and Chief Accounting Officer

Legal

LUNA INNOVATION ALERT: Bragar Eagel & Squire, P.C. is Investigating Luna Innovation, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm

Luna Innovations Receives Additional Notice from Nasdaq Regarding Late Filing of Quarterly Report on Form 10-Q

Luna Announces Resignation of Pamela Coe

Luna Innovations Stock to Be Suspended from Nasdaq Listing

Luna Announces Updates on Operating Metrics and Intent to Deregister Stock

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Luna Innovations Incorporated - LUNA

INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Luna Innovations Incorporated - LUNA

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