Here's Why Steel Connect Shares Are Up Premarket


Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


  • Steel Partners Holdings LP (NYSE:SPLPagreed to acquire the remaining shares of Steel Connect, Inc (NASDAQ:STCN) for $1.35 per share in cash and earn-out consideration.
  • Steel Connect shares closed at $1.21 on June 10.
  • Steel Connect will become a wholly-owned subsidiary of Steel Partners under the arrangement.
  • Steel Partners held $201.4 million in cash and equivalents as of March 31, 2022.
  • Price Action: STCN shares traded higher by 15.70% at $1.40 in the premarket on the last check Monday.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

Posted In: M&ANewsPenny StocksSmall CapMoversTechTrading IdeasBriefswhy it's moving