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Nogin Inc - NOGN STOCK NEWS

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

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 Nogin'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 Nogin's position in the market.

Rhea-AI Summary
Nogin announces successful confirmation of Chapter 11 Plan by the United States Bankruptcy Court, leading to a strategic financial restructuring. The reorganized equity interests will be acquired by B. Riley Financial, Inc., ensuring enhanced financial stability. The transaction is supported by a majority of Nogin's senior notes and the Creditors' Committee, with a focus on continued innovation in the e-commerce industry.
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Nogin announces a strategic realignment focusing on AI and e-commerce technology investments. The company expands its leadership team to drive innovation in e-commerce solutions.
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Rhea-AI Summary
Nogin (Nasdaq: NOGN, NOGNW) has entered Chapter 11 bankruptcy proceedings with a stalking horse bid and DIP financing from B. Riley Financial, Inc. Despite this, the company has secured over $27 million in bookings year-to-date and added more than a dozen new accounts to its portfolio, demonstrating strong market position and client trust. Nogin's CEO, Jonathan Huberman, reassures clients and partners of uninterrupted services and expresses confidence in the company's future focus and strength. B. Riley's Chief Investment Officer, Dan Shribman, looks forward to partnering with Nogin to accelerate growth and return to profitability. The company has partnered with Portage Point Partners for restructuring and appointed a Chief Restructuring Officer and Deputy CRO to assist during the transition period.
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-26.52%
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Nogin (NOGN) received a notice from Nasdaq regarding non-compliance with filing requirements, but has since rectified the issue by filing the Form 10-Q, ensuring compliance with Nasdaq Listing Rule 5250(c)(1). Investors are advised to review the Form 10-Q for detailed information.
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Nogin announces survey results on online shopping trends and preferences
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1.87%
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Nogin announces completion of transition to pure-play CaaS business
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7.16%
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Nogin named finalist in Best SaaS Product for E-Commerce category at 2023 SaaS Awards
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1.53%
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Rumpl chooses Nogin's Commerce-as-a-Service solution to drive direct-to-consumer growth. Nogin's technology and expertise will accelerate Rumpl's growth and expand its product line. Nogin's services will help reach more customers cost-effectively. Positive for Rumpl's stock.
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-0.69%
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Denovo Brands selects Nogin's Intelligent Commerce technology to support Kijaro's D2C business
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0.42%
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Nogin, Inc. reported its financial and operational results for Q2 2023. Net revenue decreased 37.4% to $12.7 million. Operating loss increased to $10.4 million. Net loss increased 7.3% to $11.8 million. Adjusted EBITDA loss improved to $7.5 million. The company booked new business with over a dozen new customers projected to generate $27 million in revenue in the first year. The financial outlook for 2023 includes net revenue between $50 and $55 million and general and administrative expense reductions of $20-$25 million. 2024 net revenue is expected to increase by 40% compared to 2023.
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-21.43%
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