SBEI Eclipses 52-Week High with $5-Plus Gain
Shares of SBE Inc. (Nasdaq: SBEI) skyrocketed up the charts today after news of its merger with Neonode was included in a press release issued by Neonode. Shares closed up $5.09 (179 percent) at $7.94 per share on volume of 2,038,668. SBEI has filed with the Securities and Exchange Commission (SEC), and will soon mail to all its stockholders, its definitive proxy materials relating to the previously announced merger of SBEI and Neonode, an increase in the number of shares authorized for issuance under SBEI’s 2006 Equity Incentive Plan and an amendment and restatement of SBEI’s Amended and Restated Certificate…