PRISM Mid-Day Movers: Distribution Deal and Warrant Cancellation Boost Indices

ReShape Lifesciences Rises 26% on Veterans Administration and DoD Distribution Deal
ReShape Lifesciences Inc. (RSLS) climbed 25.56% to lead the PRISM Emerging Weight Loss Index after announcing an exclusive U.S. distribution agreement with Recon Supply, a veteran-owned medical distributor. The deal grants access to the Veterans Administration and Department of Defense (DoD) healthcare systems for ReShape's full portfolio including the FDA-cleared STIMEL-03 neurorehabilitation system and next-generation Lap-Band(R) 2.0 FLEX. The partnership positions ReShape's technologies to potentially reach over 18 million U.S. veterans and active-duty personnel.

Incannex Healthcare Gains 13% on Series A Warrant Cancellation
Incannex Healthcare Inc. (IXHL) rose 12.56% in the PRISM Emerging Psychedelics Index after canceling all outstanding Series A Warrants, eliminating more than 347 million shares from potential future dilution. Funded through its At-The-Market facility, the move simplifies the company's capital structure ahead of key milestones including topline results from the Phase 2 RePOSA trial of IHL-42X, its investigational drug for obstructive sleep apnea, expected in July. IHL-42X is a fixed-dose combination oral therapy targeting physiological pathways associated with sleep apnea, a condition lacking FDA-approved drugs.

Other PRISM Mid-Day Movers:

• Helius Medical Technologies, Inc. (HSDT) down 44.24%
• Houston American Energy Corp. (HUSA) up 61.17%
• Catheter Precision, Inc. (VTAK) down 31.24%

The post PRISM Mid-Day Movers: Distribution Deal and Warrant Cancellation Boost Indices appeared first on PRISM MarketView.

COMTEX_466313400/2927/2025-06-12T13:30:47