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Safeguard Scientifics, Inc. - SFE STOCK NEWS

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

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 Safeguard Scientifics'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 Safeguard Scientifics's position in the market.

News
Safeguard Scientifics Filed Form 25 to Voluntarily Delist its Common Stock from The Nasdaq Stock Market LLC
Rhea-AI Summary
Safeguard Scientifics, Inc. (Nasdaq: SFE) has announced its plan to voluntarily delist its shares of common stock from trading on The Nasdaq Stock Market LLC and deregister its common stock under the Securities Exchange Act of 1934. The delisting is expected to occur ten days after the filing of Form 25, with trading to be suspended on February 12, 2024. The Company intends to have its common stock quoted on a market operated by OTC Markets Group Inc. following the delisting.
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Safeguard Scientifics Intends to File Form 25 to Voluntarily Delist its Common Stock from The Nasdaq Stock Market LLC
Rhea-AI Summary
Safeguard Scientifics, Inc. (Nasdaq: SFE) has announced its intention to voluntarily delist its shares of common stock from trading on Nasdaq and deregister its common stock under the Securities Exchange Act of 1934. The company expects to have its common stock quoted on an OTC market after the delisting. Additionally, Safeguard has filed amendments to its articles of incorporation to effectuate a reverse stock split at a ratio of 1-for-100, followed by a forward stock split at a ratio of 100-for-1.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.94%
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Safeguard Scientifics Announces Effective Date of Stock Splits to Effectuate the Going Dark Transaction and New Chief Executive Officer and Chief Financial Officer
Rhea-AI Summary
Safeguard Scientifics, Inc. (Nasdaq:SFE) announced a reverse stock split at a ratio of 1-for-100, followed by a forward stock split at a ratio of 100-for-1, authorized by its Board of Directors. The stock splits are expected to become effective on or after a specified date.
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Safeguard Scientifics Announces Stock Split Ratios to Effectuate the Going Dark Transaction
Rhea-AI Summary
Safeguard Scientifics, Inc. (Nasdaq:SFE) announced a reverse stock split followed by a forward stock split, aiming to reduce the number of record holders of the company's common stock below 300 and delist from Nasdaq. The company also declared a special cash dividend and plans to reorganize its management structure.
Rhea-AI Impact
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1.02%
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Safeguard Scientifics’ Board of Directors Declares Contingent Cash Dividend of $0.35 Per Share
Rhea-AI Summary
Safeguard Scientifics, Inc. (Nasdaq:SFE) declared a special cash dividend of $0.35 per share, contingent on the adoption of amendments to the Company’s articles of incorporation effecting the reverse stock split and the forward stock split of the Company’s common stock at the Special Meeting of Shareholders to be held on December 15, 2023. The dividend is payable on December 28, 2023 to shareholders of record as of the close of business on December 19, 2023.
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Safeguard Scientifics Announces Third Quarter 2023 Financial Results
Rhea-AI Summary
Safeguard Scientifics, Inc. announced its financial results for Q3 2023. The company reported cash and restricted cash of $15.7 million and ownership interests valued at $14.8 million. Net income for the quarter was $0.9 million, compared to a net loss of $3.2 million in the same period last year. The company's year-to-date net loss was $5.4 million. Safeguard received $1.0 million in cash proceeds from prior transactions and had no deployments in Q3 2023. The company's aggregate revenues for six of its companies increased by 10.3% from the prior year. General and administrative expenses decreased by 3.5% for the quarter. Safeguard filed a proxy statement to delist its shares from Nasdaq and is considering declaring a dividend in Q4 2023. The company expects exit values from its remaining portfolio companies to range between $25 million and $45 million over the next two years.
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SAFEGUARD SCIENTIFICS TO RELEASE THIRD QUARTER 2023 FINANCIAL RESULTS ON THURSDAY, November 2nd
Rhea-AI Summary
Safeguard Scientifics, Inc. will release its financial results for Q3 2023 on November 2nd. The conference call and webcast will discuss the results and include a Q&A session.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.71%
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Safeguard Scientifics’ Board of Directors Approves Plan to Voluntarily Terminate Registration of Its Common Stock with the SEC and Voluntarily Delist from Nasdaq
Rhea-AI Summary
Safeguard Scientifics plans to delist its common stock from Nasdaq and cease registration under the Exchange Act. The Board proposes a reverse stock split followed by a forward stock split to reduce the number of shareholders. Shareholders with fewer than the minimum number of shares will be cashed out. The estimated cost of the stock splits is $1.2 million. The Board believes that the costs of being a public reporting company outweigh the benefits.
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7.77%
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Safeguard Scientifics Announces Second Quarter 2023 Financial Results
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-16.67%
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SAFEGUARD SCIENTIFICS TO RELEASE SECOND QUARTER 2023 FINANCIAL RESULTS ON THURSDAY, AUGUST 10th
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3.33%
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Safeguard Scientifics, Inc.

Nasdaq:SFE

SFE Rankings

N/A Ranked by Market Cap
#5165 Ranked by Stock Gains
N/A Ranked by Dividends

SFE Stock Data

7.54M
10.41M
28.01%
45.02%
1.26%
Securities and Commodity Exchanges
Finance and Insurance
Link
US
Wayne

About SFE

safeguard scientifics (nyse:sfe) provides capital and relevant expertise to fuel the growth of technology-driven businesses in healthcare, financial services and digital media. safeguard targets companies that are capitalizing on the next wave of enabling technologies with a particular focus on the internet of everything, enhanced security and artificial intelligence, which includes predictive analytics and machine learning. safeguard typically deploys between $5 million and $25 million over the course of its partnership with a company, initially investing in a series a or b round and opportunistically in a seed round. safeguard has a distinguished track record of fostering innovation and building market leaders that spans more than six decades.