Organovo Holdings Inc. (OTCQX: ONVO) surged up 2.88% to $4.29 on a traded volume of 108k shares. The company plans to redeem two classes of outstanding warrants initially issued to investors participating in private placement financings in 2011 and 2012. The warrant redemption will raise non-dilutive capital, enable Organovo to significantly improve its balance sheet, help position the Company to qualify to list its common stock on the NYSE MKT or NASDAQ exchange and decrease a significant portion of the derivative liability from its balance sheet.
World Moto Inc. (OTCQB: FARE) is currently trading at $0.0800 on a traded volume of 585k shares. The Company has received a favorable review from the Patent Cooperation Treaty Examiner for its Moto-Meter patent application. The Company manufactures and supplies taxi meters for the motorcycle taxi industry. It offers portable taxi meters and black boxes for motorcycles. The company also provides professional consulting services to governments, organizations, and companies.
Federal National Mortgage Association (OTCQB: FNMA) soared 0.86% to $0.294 on a traded volume of 138k shares. The Company provided $33.8 billion in financing to the multifamily market in 2012, the third highest acquisition year in its history. The Company remained the largest source of multifamily financing in 2012, working with lender partners to finance nearly 560,000 units of multifamily housing.
Research In Motion Ltd (NASDAQ: BBRY) augmented 6.79% to $16.0 on a traded volume of 18.11 million shares. BlackBerry and Unity Technologies announced that they are working together to create a Unity deployment add-on product for BlackBerry 10 smartphones, empowering Unity's over 1.5 million strong developer community to publish their games on these powerful platforms.
The Company provided updates to the BlackBerry developer community, including updates to the BlackBerry 10 developer toolkit, new benefits of the reward programs and the opening of app submissions in the BlackBerry World storefront vendor portal for the BlackBerry® Q10 smartphone.
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