InnovAge Holding Corp

Worthington Enterprises shares jumped 15% after the company reported an upbeat Q1 FY2027, with revenue rising 13.2% year over year to $343.9M and organic growth reaching 7%. Adjusted EBITDA increased 10% year over year, while operating cash flow rose $25.7M to $66.7M and free cash flow nearly doubled to $54M; CEO Joe Hayek highlighted rapidly growing demand for the company's engineered ASME tanks used in liquid cooling systems for data centers, and the company repurchased 335,000 shares for $18.2M and declared a quarterly dividend of $0.20 per share. IonQ climbed 11% after announcing a breakthrough in real-time quantum error correction, demonstrating an end-to-end decoder running on a single standard off-the-shelf CPU, tested across simulations of up to 408 logical qubits and more than 31.5M quantum operations with decoding overhead as low as 0.02% under standard operational noise. InnovAge Holding slipped 8% after pricing a secondary offering of 10M shares at $9.25 per share by investment funds affiliated with Apax Partners and Welsh, Carson, Anderson & Stowe, with underwriters granted a 30-day option for up to an additional 1.5M shares; InnovAge will receive no proceeds from the offering, set to close on September 24. Voyager Technologies fell 6% after announcing plans to offer $350M in convertible senior notes due 2032 in a private placement to qualified institutional buyers, with purchasers able to buy up to an additional $52.5M of notes; part of the proceeds will fund capped call transactions to reduce dilution, with the remainder for general corporate purposes, and the notes mature on Oct. 15, 2032.

InnovAge Holding announced the pricing of an underwritten public offering of 10 million shares of its common stock at $9.25 per share. The shares are being sold entirely by investment funds affiliated with private equity firms Apax Partners and Welsh, Carson, Anderson & Stowe. The selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 1.5 million shares at the public offering price. The transaction is expected to close on September 24, 2026. InnovAge will not issue or sell any common stock in the transaction and will receive no proceeds from the sale, though the company will bear the administrative costs associated with the offering, excluding underwriting discounts and commissions.