On May 25, Peak Resorts, Inc. (NASDAQ:SKIS)announced that the United States Citizenship and Immigration Services (USCIS) approved the company’s Mount Snow EB-5 program. The related $52 million in funds raised from investors for the Mount Snow development projects will be released from escrow immediately following the approval of the first I-526 Petition submitted by an investor in the Mount Snow EB-5 offering. Historically, the Petition approvals occur shortly after program approval.
Peak Resorts, Inc. (NASDAQ:SKIS)’s stock on 27 May traded at beginning with a price of $4.30 and when day-trade ended the stock finally moved up 5.14% to end at $4.50. Peak Resorts, Inc. (NASDAQ:SKIS)’s showed weekly performance of 42.86%.
On May 27, Brocade Communications Systems, Inc. (NASDAQ:BRCD) announced that it has completed its acquisition of Sunnyvale, Calif.-based Ruckus Wireless™. This represents an important step in Brocade’s strategic vision to build a pure-play networking company that supports the rapidly evolving requirements of the digital transformation era. The combination expands the breadth of Brocade’s portfolio of market-leading storage networking and IP networking solutions by adding high-performance wireless hardware and software products. Wireless is a critical access technology for modern New IP network architectures and is a natural extension of Brocade’s advanced offering of fabrics, software-based virtualization, network analytics and mobile networking solutions.
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