Banzai International, Inc. (PARA): Entry into a Material Definitive Agreement

Zai Lab (ZLAB, 9688) raised $250M via private placement, selling 11.34M ADSs at $22.04 each. Proceeds will support global development of zocilurtatug pelitecan. TCGX led the financing with multiple investors. Closing expected Oct 27, 2026, subject to conditions.

SK Hynix stock fell 2.8% to ₩1,189,000 on Friday after halting plans to list its subsidiary, Solidigm, on Nasdaq. The company completed a 40 trillion won share buyback program early, and faces foreign selling and upcoming earnings. The broader market, including semiconductors, also declined.

Zai Lab Limited announced a private placement of 11.34 million American Depositary Shares (ADSs) at $22.04 each, raising $250 million. The deal is expected to close by October 27, 2026, subject to conditions. The funds will support the development of an oncology asset.

Zai Lab (NASDAQ: ZLAB; HKEX: 9688) raised $250M in PIPE financing led by TCGX and other investors. Proceeds will support global development of zocilurtatug pelitecan (zoci), its DLL3-targeting ADC. Leerink Partners acted as placement agent.

SK Hynix canceled its plans for a US IPO of its Solidigm unit due to shareholder opposition, regulatory concerns, and market volatility. The company cited a 58% drop in its shares since June and semiconductor stock corrections. Solidigm, a US subsidiary specializing in memory chips, was considered for an IPO to boost cash flow and recognize its growth potential. SK Hynix will explore other funding options for Solidigm's expansion.

Getty Images filed for Chapter 11 bankruptcy on 21 October, citing competition from AI and the collapse of its merger with Shutterstock. The restructuring, expected to conclude by late 2026, includes $533M in equity commitments and $143M in financing from Koch affiliates. Getty's assets and liabilities are estimated between $1B and $10B. The company will continue operations and payments to contributors during the process.