Tonix Pharmaceuticals stock halted ahead of FDA approval news
Murray Stahl, President and Co-Portfolio Manager of RENN Fund, Inc. (EXCHANGE:RCG), acquired shares of the company’s common stock on August 11, 2025. The micro-cap fund, currently valued at $18.03 million, has demonstrated strong performance with a 42.48% return over the past year and trades at an attractive P/E ratio of 3.27.
The transactions involved the purchase of 1,068 shares at a price of $2.57 per share, for a total value of $2,904. The stock has shown robust momentum, posting a 15.25% gain year-to-date.
Following these transactions, Stahl directly holds 101,750 shares. He also has indirect ownership through various entities, including his spouse, Fromex Equity Corp, FRMO Corp, Horizon Common Inc., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC. For detailed analysis and additional insights, access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, iA Financial Corporation Inc. has announced a significant development with its agreement to acquire RF Capital Group Inc. for $597 million. This all-cash transaction values RF Capital’s common shares at $20.00 each, which is a premium of approximately 107% over the closing price on July 25. The acquisition aims to bolster iA Financial’s position in the Canadian independent wealth management sector. The deal encompasses $370 million for RF Capital’s fully diluted equity, along with $227 million in financial obligations. This move is part of iA Financial’s strategic efforts to expand its market presence. The acquisition is expected to have considerable implications for the wealth management landscape in Canada. Investors are closely watching how this transaction will influence both companies moving forward.
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