07:29 AM EDT, 03/18/2024 (MT Newswires) -- Solidion Technology ( STI ) shares surged 43% in recent Monday premarket activity after saying Friday it signed a securities purchase agreement with certain institutional investors for total gross proceeds of roughly $3.85 million.

Joann ( JOAN ) stock rose 34% after launching voluntary prepackaged Chapter 11 cases in the US with the aim of completing the process as soon as late April and emerging as a private company.

2Seventy bio (TSVT) shares were up 29% after announcing with Bristol-Myers Squibb ( BMY ) that the US Food and Drug Administration voted "positively" on the companies' phase 3 KarMMa-3 study that showed a favorable profile for Abecma in participants with triple-class exposed relapsed or refractory multiple myeloma.

Xpeng ( XPEV ) stock jumped nearly 7% after multiple media outlets reported Saturday that the company is planning to roll out a line of cheaper electrical vehicles under a different brand name within April.

Tesla (TSLA) shares were 3.2% higher after saying Saturday that the prices of some of its Model Y electric vehicles in Europe will rise by roughly 2,000 euros ($2,180).

Price: 2.49, Change: +0.75, Percent Change: +43.1