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Gyrodyne, LLC - $GYRO STOCK NEWS

Welcome to our dedicated page for Gyrodyne news (Ticker: $GYRO), a resource for investors and traders seeking the latest updates and insights on Gyrodyne stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Gyrodyne's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Gyrodyne's position in the market.

Rhea-AI Summary
Gyrodyne, LLC successfully closes a rights offering, generating $5 million in gross proceeds by selling 625,000 common shares at $8 per share. The offering exceeded expectations with participants subscribing for 1,031,640 shares, resulting in pro rata allocation of oversubscription shares. The company plans to use the net proceeds to strengthen its position during the liquidation process and cover legal fees incurred in opposing an activist shareholder campaign.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.33%
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none
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Rhea-AI Summary
Gyrodyne, LLC has commenced a rights offering to raise up to $5 million in aggregate gross proceeds, offering existing shareholders the opportunity to purchase shares of the Company's common stock at a subscription price of $8.00 per share. The Company expects to use the net proceeds for property entitlement pursuits, litigation fees, property purchase agreement negotiation, necessary capital improvements, and general working capital. The subscription rights are exercisable until March 7, 2024, with the possibility of an extension until April 6, 2024 or cancellation at any time. A registration statement was declared effective by the SEC on February 2, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.97%
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none
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Rhea-AI Summary
Gyrodyne, LLC announced a proposed rights offering with a record date of January 29, 2024, aiming to raise up to $5 million in aggregate gross proceeds. The offering will grant existing shareholders the right to purchase shares of the company's common stock at a subscription price of $8.00 per share. The net proceeds will be used for property entitlement pursuits, litigation fees, property purchase agreement negotiation, capital improvements, and general working capital.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.1%
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none
Rhea-AI Summary
Gyrodyne, LLC has reached an agreement with Star Equity Fund, LP, resulting in the withdrawal of nominations and proposals. Gyrodyne will freeze director fees and transition directors to a new stock plan pending shareholder approval. The agreement is part of Gyrodyne's efforts to engage with shareholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.93%
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none
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Rhea-AI Summary
GYRO: Gyrodyne Appoints Jan Loeb to Board of Directors, Philip Palmedo Steps Down. Leap Tide Capital Management LLC cooperates with Gyrodyne. Agreement includes Mr. Loeb as director nominee for 2023 Annual Meeting.
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.03%
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News
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.7%
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.92%
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Gyrodyne, LLC

Nasdaq:GYRO

GYRO Rankings

GYRO Stock Data

17.37M
766.62k
27.26%
43.67%
0.19%
Lessors of Nonresidential Buildings (except Miniwarehouses)
Real Estate and Rental and Leasing
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United States of America
ST. JAMES