Market Overview

Benzinga's Microcap Movers for Thursday August 16, 2012


Below are highlights from Benzinga's daily coverage of small cap and microcap securities making big moves:

CompuCredit Holdings

Shares of CompuCredit Holdings (NASDAQ: CCRT), the Atlanta, GA provider of financial services, rose 28.69% Thursday on 28 times average volume.

CompuCredit Holdings announced Wednesday that it has commenced a cash tender offer for up to 8,250,000 shares of its outstanding common stock, no par value per share at a purchase price of $10.00 per share.

Specific terms and conditions of the Tender Offer are included in the Offer to Purchase, dated August 15, 2012, and the accompanying Letter of Transmittal, each filed with the Securities and Exchange Commission.

If the aggregate number of shares of Common Stock validly tendered and not properly withdrawn on or prior to the Expiration Date exceeds 8,250,000, then we will accept for payment 8,250,000 of such shares validly tendered and not properly withdrawn on a pro rata basis, disregarding fractions, from among such shares validly tendered and not properly withdrawn.

CompuCredit Holdings closed at $6.46 on Thursday.

BioMimetic Therapeutics

Shares of BioMimetic Therapeutics (NASDAQ: BMTI), the Franklin, TN biotechnology company, rose 15.23% Thursday on twice the average volume.

BioMimetic Therapeutics CEO Dr. Samuel Lynch provided an update of corporate activities at the Wedbush PacGrow Life Sciences Management Access Conference on Wednesday.

BioMimetic Therapeutics closed at $4.01 on Thursday.

Australia Acquisition Corp

Shares of Australia Acquisition Corp (NASDAQ: AACOW), the Australia-based special purpose acquisition company, rose 53.13% Thursday on twice the average volume.

Australia Acquisition Corp. announced Monday the holders of its ordinary shares have approved an extension of its termination date. The Company also announced the extension of its previously announced tender offer.

A special meeting of the holders of the Company's issued ordinary shares was held Monday for the purpose of voting on an amendment to the Company's Articles of Association to: (i) extend the date by which the Company must either consummate a business combination or commence proceedings to dissolve and liquidate from August 15, 2012 to November 15, 2012; and (ii) provide shareholders that did not cast a vote on, by abstention or otherwise, or voted against the Charter Amendment with an opportunity to redeem any Ordinary Shares of the Company held by them. The Charter Amendment was approved by shareholders.

Australia Acquisition Corp closed at $0.49 on Thursday.

The information in this article is taken from public sources, press releases, and websites that cannot always be verified. Please note that investing in microcap stocks is highly speculative. The companies mentioned here are for information purposes only. Benzinga makes no claim as to the suitability of these stocks as an investment. Neither Benzinga nor its staff recommend that you buy, sell, or hold any security. We do not offer investment advice, personalized or otherwise. Benzinga recommends that you conduct your own due diligence and consult a certified financial professional for personalized advice about your financial situation.

Posted-In: Long Ideas News Short Ideas Small Cap Global After-Hours Center Movers Trading Ideas


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