Stock News on Nano Cap Stock Movers (ADAM, EBIX, TRMA, TSTR)

A.D.A.M., Inc. (NASDAQ:ADAM) is the biggest percentage gainer among the nano cap stocks and soared 80% to $5.70 after creating about 2-year high of $5.74 earlier in the morning session.

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Today, Ebix, Inc. (NASDAQ:EBIX) reached an agreement to  acquire Adam Inc. for $66 million in a step toward establishing Ebix as a health-information exchange.

Shareholders in Adam, a health-information and benefits technology company, will receive 0.3122 Ebix share for each share of Adam, valuing Adam at $6.11 a share, a 93% premium to Friday's closing price and a two-year high for the stock. Adam's shareholders would have a nearly 7% stake of Ebix.

Ebix Chairman and Chief Executive Robin Raina said the deal accelerates the company's health-insurance strategy and will combine "two highly complementary Atlanta-based organizations."

Ebix expects the deal to add at least 15 cents a share to earnings the first year after the deal closes, while providing cost savings and cross-selling opportunities.

Shares of Trico Marine Services Inc (NASDAQ:TRMA) soared 27% to $0.33 on low volume, rebounding from its 52-week low of $0.18, made last week.

The stock has fallen over 60% in the past one month as the company is a strong contender for filing to reorganize under Chapter 11 of the federal bankruptcy code.

Last week, the oilfield services company said its U.S. operations and the Cayman Islands holding company filed petitions to reorganize under Chapter 11 of the federal bankruptcy code.

The stock has a 52-week high and low of $9.47-$0.18 respectively. The stock company has a ,arket capitalization of $6.47 million.

Trico Marine Services, Inc. is an integrated provider of subsea services, subsea trenching and protection services and towing and supply vessels to oil and natural gas exploration and production companies that operate in major offshore producing regions around the world.

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TerreStar Corporation (NASDAQ:TSTR) shares are trading higher by 12.74% to $0.259 on high volume in the opening session.

Last week, the stock made a new 52-week low of $0.18. The stock has a 52-week range of $0.18-$2.95.

The company has a market capitalization of $36.26 million.

TerreStar Corporation is in the mobile communications business through its ownership of TerreStar Networks Inc. (TerreStar Networks), its principal operating subsidiary, and TerreStar Global Ltd.

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