Edition:
United States

Monster Digital Inc (MSDI.OQ)

MSDI.OQ on NASDAQ Stock Exchange Capital Market

0.62USD
3:59pm EST
Change (% chg)

$0.01 (+2.33%)
Prev Close
$0.60
Open
$0.64
Day's High
$0.64
Day's Low
$0.61
Volume
24,961
Avg. Vol
76,145
52-wk High
$3.51
52-wk Low
$0.40

Latest Key Developments (Source: Significant Developments)

Monster Digital Terminates License Deal Between Monster Inc, SDJ Technologies
Monday, 4 Dec 2017 03:30pm EST 

Dec 4 (Reuters) - Monster Digital Inc ::MONSTER DIGITAL ANNOUNCES STRATEGIC AND LEGAL DEVELOPMENTS.HAS FORWARDED MONSTER INC A NOTICE OF TERMINATION OF TRADEMARK LICENSE DEAL BETWEEN MONSTER INC, SDJ TECHNOLOGIES.MONSTER DIGITAL SAYS HAS BEEN "DISSATISFIED" WITH ROYALTY RATE UNDER LICENSE DEAL, IN LIGHT OF DECREASING SALES, DEMAND FOR ACTION SPORTS CAMERAS.VOLUNTARY DISMISSAL BY PLAINTIFF IN CONNECTION WITH CLASS ACTION COMPLAINT FILED AGAINST CEO, DAVID H. CLARKE & CERTAIN BOARD MEMBERS.BELIEVES ITS EXISTING SPORTS CAMERA BUSINESS CAN STILL BE "VIABLE" WITHOUT USE OF MONSTER BRAND.HAD TALKS WITH OTHER COMPANIES FOR A MORE COST EFFECTIVE LICENSE UNDER WHICH IT COULD MARKET PRODUCTS SUCH AS ACTION SPORTS CAMERAS.  Full Article

Monster Digital provides update regarding closing date for merger with Innovate Biopharmaceuticals
Wednesday, 29 Nov 2017 08:05pm EST 

Nov 29 (Reuters) - Monster Digital Inc ::MONSTER DIGITAL, INC. PROVIDES UPDATE REGARDING ANTICIPATED CLOSING DATE FOR MERGER WITH INNOVATE BIOPHARMACEUTICALS, INC..MONSTER DIGITAL - CO, INNOVATE BIOPHARMACEUTICALS AGREED TO WORK TOWARDS CLOSING OF REVERSE MERGER BETWEEN CO AND INNOVATE ON OR BEFORE DEC 19, 2017​.‍MONSTER FURTHER ANNOUNCES POSITIVE RESULTS OF FINANCIAL RESTRUCTURING​.  Full Article

MONSTER DIGITAL ANNOUNCES EXTENSION OF OFFERS TO AMEND AND EXERCISE WARRANTS
Friday, 17 Nov 2017 12:00pm EST 

Nov 17 (Reuters) - Monster Digital Inc ::MONSTER DIGITAL INC ANNOUNCES EXTENSION OF OFFERS TO AMEND AND EXERCISE WARRANTS.‍EXTENDED EXPIRATION DATE OF OFFER TO AMEND AND EXERCISE WARRANTS UNTIL 5:00 P.M. PACIFIC TIME ON FRIDAY, NOVEMBER 24, 2017​.  Full Article

Monster Digital reports Q2 loss per share $0.19
Monday, 21 Aug 2017 04:22pm EDT 

Aug 21 (Reuters) - Monster Digital Inc :Q2 loss per share $0.19.Q2 net sales $187,000 versus $1.7 million.  Full Article

Monster digital inc files for non-timely 10-Q - SEC filing‍​
Tuesday, 15 Aug 2017 01:35pm EDT 

Aug 15 (Reuters) - Monster Digital Inc :Monster Digital Inc files for non-timely 10-Q - sec filing‍​.  Full Article

Monster Digital and Innovate Biopharmaceuticals sign merger agreement
Monday, 3 Jul 2017 09:00am EDT 

July 3 (Reuters) - Monster Digital Inc :Monster Digital and Innovate Biopharmaceuticals sign merger agreement.Monster Digital Inc - ‍Ulcerative colitis phase 2 clinical trials for INN-108 expected to begin in first half 2018​.Says Innovate shareholders will receive newly issued shares of co in exchange for Innovate stock​.Monster Digital Inc - Combined company, led by Innovate's management team, is expected to be named Innovate Biopharmaceuticals, Inc.Monster Digital Inc - Prior to closing of merger, Monster will seek shareholder approval to conduct a reverse split of its outstanding shares.Monster Digital - Share ‍exchange ratio is based on a pre-transaction valuation of $60 million for Innovate's business and $6 million for Monster's business​.Monster Digital Inc - ‍combined company is expected to trade on nasdaqcm under a new ticker symbol​.Monster Digital Inc - Merger has been unanimously approved by board of directors of each company.Monster Digital Inc - At closing of merger, combined company's board of directors is expected to consist of seven members from Innovate.Monster Digital - ‍current co shareholders will collectively own about 9%, innovate stockholders will collectively own about 91% of combined company​.Monster Digital Inc - Affiliates of Monster have entered into agreements in support of proposed transaction.  Full Article

Monster digital, Innovate Biopharmaceuticals enter into letter of intent regarding reverse merger
Monday, 19 Jun 2017 07:00am EDT 

June 19 (Reuters) - Monster Digital Inc :Monster Digital and Innovate Biopharmaceuticals enter into letter of intent regarding reverse merger.Monster Digital - LOI contemplates execution of deal whereby security holders of innovate would receive Monster Digital Securities in merger.Monster Digital - security holders of innovate would receive monster Digital securities in merger, in exchange for securities held in innovate.Monster Digital - following closing of merger, innovate would become a wholly owned unit of monster digital, monster digital, as surviving company.Monster Digital - assuming monster digital innovate enter deal,parties to look to seek shareholder approval from Monster Digital's stockholders in q3 2017.  Full Article

Monster Digital reports Q1 loss per share $0.28
Friday, 19 May 2017 06:09am EDT 

May 19 (Reuters) - Monster Digital Inc :Q1 loss per share $0.28.Q1 net sales $951,000.Monster Digital Inc says as of March 31, 2017, incurred cumulative net losses from its inception of approximately $34 million - sec filing.Monster Digital Inc says as of March 31, 2017, co has used cash in operations of approximately $1.6 million.Monster Digital Inc says financials raise substantial doubt as to the company’s ability to continue as a going concern.  Full Article

Monster Digital announces distribution agreement with Ingram Entertainment
Wednesday, 12 Apr 2017 11:01am EDT 

Monster Digital Inc : Monster Digital announces distribution agreement with Ingram Entertainment .As per agreement, Ingram Entertainment will offer co's entire line of action cameras, VR cameras & VR headsets to its customers.  Full Article

Monster Digital announces distribution agreement with Petra Industries
Tuesday, 11 Apr 2017 08:00am EDT 

Monster Digital Inc : Monster Digital announces distribution agreement with Petra Industries . Monster Digital Inc - agreement with Petra will provide Monster Digital with increased product distribution with independent retailers .Monster Digital Inc - Petra will offer Monster Digital's entire line of action cameras, virtual reality (VR) cameras and VR headsets.  Full Article

No consensus analysis data available.