Latest news with #SpartanCapital
Associated Press
08-07-2025
- Business
- Associated Press
Spartan Capital Securities, LLC Serves as Placement Agent in Lixte Biotechnology Holdings, Inc.'s $5.0 Million Private Placement
New York, NY, July 08, 2025 (GLOBE NEWSWIRE) -- Spartan Capital Securities, LLC, a premier investment banking firm, is pleased to announce the closing of a $5.0 million private placement for Lixte Biotechnology Holdings, Inc. (NASDAQ: LIXT), in which it served as the exclusive placement agent. Lixte Biotechnology Holdings, Inc., a clinical-stage pharmaceutical company focused on cancer drug development, completed the offering on July 2, 2025. The offering, priced at the market under Nasdaq rules, consisted of the sale of Common Stock (or Pre-Funded Warrants), Series B Convertible Preferred Stock, and Common Warrants to accredited investors. The Company received gross proceeds of approximately $5.0 million, with $4.0 million received at closing and the remaining $1.0 million to be received upon effectiveness of a resale registration statement. Proceeds will be used for general corporate purposes and working capital. 'We're proud to have acted as the placement agent for Lixte Biotechnology Holdings, Inc. in this successful transaction,' said John Lowry, CEO of Spartan Capital Securities. 'Lixte's commitment to advancing innovative oncology therapies marks a significant step forward in cancer research and treatment. We're honored to support their mission and contribute to progress in such a critical area of healthcare.' Lixte was represented by TroyGould PC, while Spartan Capital Securities was represented by Kaufman & Canoles, P.C. Additional details regarding the offering can be found in the Company's Form 8-K filed with the U.S. Securities and Exchange Commission at The securities sold in this private placement were not registered under the Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States unless pursuant to an effective registration statement or an applicable exemption from registration. This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful. About Spartan Capital Securities, LLC Spartan Capital Securities, LLC is a premier full-service investment banking firm offering a comprehensive range of advisory services to institutional clients and high-net-worth individuals. Known for its expertise in capital raising, strategic advisory, and asset management, Spartan Capital delivers tailored solutions to meet clients' financial goals. For more information about Spartan Capital Securities, visit About Lixte Biotechnology Holdings, Inc. Lixte Biotechnology Holdings, Inc. is a clinical-stage pharmaceutical company focused on discovering and developing cancer therapies based on novel biological pathways. Its lead compound, LB-100, a first-in-class PP2A inhibitor, has shown promise in enhancing the effectiveness of chemotherapy and immunotherapy. Clinical trials are underway for colon, small cell lung, and sarcoma cancers. For more information about Lixte, visit Contact: Spartan Capital Securities, LLC 45 Broadway, 19th Floor New York, NY 10006 [email protected]
Malay Mail
04-07-2025
- Business
- Malay Mail
S&P 500, Nasdaq end at fresh records after solid US jobs data
NEW YORK, July 4 — Wall Street stocks surged higher yesterday following US jobs data that topped estimates as President Donald Trump's massive tax cut measure neared final passage in Congress. The broad-based S&P 500 jumped 0.8 per cent to 6,279.35, a second straight record. The tech-rich Nasdaq Composite Index gained 1.0 per cent to 20,601.10, also a record, while the Dow Jones Industrial Average climbed 0.8 per cent to 44,828.53. The US economy added 147,000 jobs in June while unemployment dipped to 4.1 per cent from 4.2 per cent, a sign of US labour market resilience despite the White House's wave of tariffs. 'We have a nice rally going, and the reason for that is that the employment data was stronger than expected,' said Peter Cardillo of Spartan Capital Securities, who noted that the market overlooked that the job additions included a heavy share of public sector posts. Markets also shrugged off data showing an uptick in the US trade deficit in May, with both imports and exports declining. But congressional Republicans expressed confidence they would win final passage of Trump's sweeping fiscal package, which includes heavy spending increases for deportations and cuts in federal health care programs. Investors have greeted the extension of tax cuts, but have expressed concern at forecasts that the package will add US$3.4 trillion (RM14.4 trillion) in debt. US stock exchanges closed early yesterday and will be shuttered today for the July 4th Independence Day holiday. — AFP
CNA
18-06-2025
- Business
- CNA
Stocks choppy as Fed leans hawkish, oil climbs on Mideast uncertainty
NEW YORK :Wall Street stock trading was volatile after the Federal Reserve held interest rates steady on Wednesday, while oil prices edged higher again as investors analyzed the chances that the Israel-Iran air war might lead to supply disruption or any intervention from Washington. The U.S. central bank forecast a slightly slower pace of cutting interest rates, predicting that President Donald Trump's tariffs would stoke inflation. "The Fed is looking at slower economic growth and the vote was unanimous and the fact that rates remain unchanged is no surprise," said Peter Cardillo, chief market economist at Spartan Capital. "They do state that the economy is slowed, but still on solid footing." The Dow Jones Industrial Average was last up 0.08 per cent, the S&P 500 0.09 per cent higher and the Nasdaq Composite advanced 0.19 per cent, having traded briefly higher than those levels after the Fed statement. Geopolitics remained in focus as Iranian Supreme Leader Ayatollah Ali Khamenei rejected Trump's demand for unconditional surrender, and Trump said his patience had run out but did not indicate his next step. Trump declined to say whether he had made any decision on whether to join Israel's bombing campaign against archenemy Iran. "Nobody knows what I'm going to do," he said. U.S. crude oil futures settled 0.4 per cent higher at $75.14 per barrel on the sixth day of the Middle East conflict. Brent rose to $76.74 per barrel, up 0.43 per cent on the day. U.S. TREASURY YIELDS FALL, THEN RISE U.S. Treasury yields fell after the Fed statement before turning slightly higher on the day. The yield on the benchmark U.S. 10-year notes rose 0.6 basis point to 4.397 per cent, from 4.391 per cent late on Tuesday. Treasury yields had slid earlier in the week as investors calculated that geopolitical risks abroad were greater than the chances the U.S. debt pile would become unmanageable. Economic data from earlier in the week had made for a challenging backdrop for the Fed decision. U.S. retail sales fell by a larger-than-expected 0.9 per cent in May, data showed on Tuesday, the biggest drop in four months, while labor market indicators showed weakness. The two-year yield, which is more sensitive to changes in expectations for Fed interest rates, fell 0.7 basis point to 3.944 per cent, from 3.95 per cent late on Tuesday.
Wall Street Journal
06-06-2025
- Business
- Wall Street Journal
Gold Choppy After Jobs Report
0913 ET – Gold futures came under minor pressure following the May jobs report, with the expected slowdown in hiring being less than expected by economists. The continuous contract briefly turned down 0.1% after the report's release, but it has since returned to being up 0.2% in early trading. Precious metals are expected to end the week on a high note, says Peter Cardillo of Spartan Capital Securities in a note. 'Metals are on track to close the week with strong gains, as both gold and silver continue to show a positive upward trend,' Cardillo says. The jobs report showed 139,000 jobs added, more than the consensus estimate of 125,000 jobs. ( 0838 GMT – Gold futures rise, on-track to finish the week higher. Futures are up 0.25% at $3,383.60 a troy ounce. The precious metal has gained on renewed trade tensions, geopolitical risks and a weaker U.S. dollar, BMI analysts say in a note. Earlier in the week, President Trump doubled existing steel and aluminum tariffs to 50%, the Russia-Ukraine war intensified and the dollar slid, improving gold's safe-haven appeal. Gold looks like it has further room to rise, given the U.S. Federal Reserve should eventually cut interest rates again and significant volatility is set to persist as global markets remain on edge, BMI says. Lower interest rates are typically a boon for non-interest bearing bullion. (
Yahoo
02-06-2025
- Business
- Yahoo
Oil Extends Gains on OPEC+, Geopolitical Premium
Oil futures rose after Ukrainian drones attacked inside Russia, and a nuclear deal with Iran remained elusive, but Spartan Capital didn't anticipate a sustained rally, as oversupply continued to be a concern.
