Allego [ALLG] - Last Close: $0.7350Allego has agreed to a take-private deal with Meridian that would acquire the company via a tender offer of $1.70 per share. The tender price represents a 131% premium to ALLG’s $0.74 closing bid on June 14th. ALLG will be delisted from the NYSE and become a privately-held company if the tender offer is successful. ALLG is up 129% on over 1.8 million shares traded. My Take: The upside is pretty much gone from ALLG at this point, so I think it’s too late to go chasing after this one if you’re not already in place. Interactive Strength [TRNR] - Last Close: $2.87Shares of Interactive Strength are soaring after the company implemented a 1-for-40 reverse stock split on Friday. Interactive Strength initially sold off in response to the reverse split announcement, and shares fell 16% on Friday alone. TRNR has rebounded to a 73.8% gain in Monday’s premarket on more than 3 million shares traded. My Take: TRNR reverse-split drawdown was apparently a bit overdone. I have noticed many tickers following this path lately after implementing a reverse split. First, they pullback, then they rally. This scenario could be a trade setup worth monitoring for. Scinai [SCNI] - Last Close: $3.49Scinai is running hot after publishing a clinical & business update in a Form 6-K filing published Thursday morning. The presentation provided updates on the company’s pipeline, financial health, and other key areas. Shares have gained steadily through Thursday & Friday’s trading session, and the move higher is continuing in today’s premarket. SCNI is up 88.2% on 9.6 million shares traded at the time of writing. My Take: SCNI is on course to break above a key resistance point at $5 per share. The stock could find significant support at this level if the trend begins to reverse course. Aaron’s [AAN] - Last Close: $7.54Lease-to-own retailer Aaron’s has agreed to be acquired by IQVentures in an all-cash take-private deal valued at $504 million. Under the terms of the agreement, AAN shareholders will receive $10.10 for each share of common stock, a 34% premium from Friday’s closing bid. The deal is expected to close by year-end, and Aaron’s will no longer trade on public markets upon closing. AAN is up 32.7%, but volume is thin at just 200K+ shares traded. My Take: AAN is already pushing up against the acquisition bid, so there’s not any real upside left here. However, this could be a trend worth monitoring if it means VC funds are shopping lease-to-own retailers. | 