BlackBerry Announces $160 Million Convertible Senior Notes Offering

Canadian security software company, BlackBerry, has revealed plans to sell $160 million of convertible senior notes due in 2029 through a private offering. The announcement caused a 12% drop in the company's shares, which now sit at $3.12 in after-hours trading.

Purple Innovation Successfully Completes Debt Refinancing

Mattress company Purple Innovation has successfully completed a debt refinancing, providing the company with greater financial flexibility. The news led to a 14% increase in share prices, with stocks now valued at 93 cents during after-hours trading.

Texas Instruments Reports Decline in Profit and Foresees Further Drop

In the last quarter of 2023, Texas Instruments experienced a drop in profit due to lower revenue. Furthermore, the chip maker has foreseen another decrease in profit for the start of the new year. As a result, shares of Texas Instruments fell by 4.3%, amounting to $166.90 during after-hours trading.

SAP to Undergo Multi-Billion Euro Restructuring Initiative

German business-software company, SAP, has announced plans for a multi-billion euro restructuring initiative this year. This endeavor, aimed at enhancing its focus on business-related artificial intelligence, will impact approximately 8,000 jobs within the organization. Following the news, SAP's shares rose by 4.9% to $171.37 during after-hours trading.