Edgio, Inc. Adopts Tax Benefits Preservation Plan Designed to Protect the Availability of Its Tax Benefits [Yahoo! Finance]
Edgio, Inc. (EGIO)
Company Research
Source: Yahoo! Finance
PHOENIX, June 07, 2024 BUSINESS WIRE Edgio, Inc. (Nasdaq: EGIO) ( the "Company") , today announced that its Board of Directors (the " Board ") has adopted a Tax Benefits Preservation Plan (the " Tax Plan The Company has significant U.S. federal and state net operating loss carryforwards (" NOLs "). As of December 31, 2023 the Company has U.S. federal NOLs of approximately $300 million that can be used to offset taxable income. The Tax Plan is designed to protect the availability of the Company's U.S. federal and state NOLs and other tax attributes (collectively, the " Tax Benefits "), which can potentially be utilized in certain circumstances to reduce the Company's future income tax obligations. Utilization of the Tax Benefits depends on many factors, including the Company's future taxable income. The Tax Plan reduces the likelihood that any changes in the Company's investor base would limit the Company's future use of its Tax Benefits, which would significantly impair the value
Show less
Read more
Impact Snapshot
Event Time:
EGIO
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
EGIO alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
EGIO alerts
High impacting Edgio, Inc. news events
Weekly update
A roundup of the hottest topics
EGIO
News
- Edgio, Inc. Adopts Tax Benefits Preservation Plan Designed to Protect the Availability of Its Tax BenefitsBusiness Wire
- Edgio, Inc. Receives Expected Notice from NASDAQBusiness Wire
- Edgio Empowers Vercara to Push the Boundaries of Performance & Security to the Edge [Yahoo! Finance]Yahoo! Finance
- Edgio Empowers Vercara to Push the Boundaries of Performance & Security to the EdgeBusiness Wire
- Sinclair Reports First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
EGIO
Earnings
- 11/14/23 - Beat
EGIO
Sec Filings
- 6/7/24 - Form 8-K
- 6/7/24 - Form 8-A12B
- 6/7/24 - Form 8-K
- EGIO's page on the SEC website