- The stock price of Sequential Brands Group Inc (NASDAQ: SQBG) increased by over 60% during intraday trading. This is why it happened.
The stock price of Sequential Brands Group Inc (NASDAQ: SQBG) increased by over 60% during intraday trading. There is no direct news from the company, but investors appear to be responding to an SEC filing.
The waiver says that on May 10, 2021, Sequential Brands Group and certain of its subsidiaries amended its Third Amended and Restated Credit Agreement with Wilmington Trust, National Association, as administrative agent and collateral agent and the lenders party thereto.
And the amendment, among other matters, extends a waiver of existing defaults under the Credit Agreement through June 7, 2021.
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