FSO NEWS: Premarket Gappers Nov. 12: PLCE, POAS and PARA Jump Before the Bell

Today's Premarket Gappers, Thursday Nov. 12, 2026

Key takeaways

In premarket data as of about 8:05 AM ET Thursday, Nov. 12, 2026, The Children's Place (PLCE) was up 454.16%, Phaos Technology (POAS) up 100.95% and Parabolic Technologies (PARA) up 68.80%.
Investcorp Credit Management BDC (ICMB) agreed to merge into BCP Investment Corp., Addex (ADXN) jumped after its spin-out raised $105 million, CuriosityStream (CURI) reported results and Baird Medical (BDMD) announced a South Korea deal.
Three leveraged funds on the list follow AI and space stocks: NBIZ and CORD rise when Nebius and CoreWeave fall, and LUNL tracks Intuitive Machines, which reported results.
No clear catalyst was reported for PLCE, POAS, PARA, CENN or DBGI. PLCE is in Chapter 11 bankruptcy. Premarket moves can fade quickly once regular trading begins at 9:30 AM ET.

Thursday's premarket gappers are led by a bankrupt children's retailer and sub-$1 micro caps with no fresh news, plus a lender merger and earnings moves. Stock index futures are mixed, with the Nasdaq 100 lower as turmoil at Nvidia weighs on AI stocks. The figures below are premarket % changes against Wednesday's close, on premarket volume that is far thinner than regular-session trading. They come from premarket data as of about 8:05 AM ET Thursday and can change sharply before the 9:30 AM ET open.

Today's premarket gappers

Ticker	Name	% change	Volume	Catalyst
PLCE	The Children's Place (Nasdaq)	+454.16%	113.9M	No clear catalyst was reported. Context, not a clear explanation: the retailer said on Sunday, Nov. 8, that it had filed for Chapter 11, and it plans to sell substantially all of its assets, with bids due Dec. 9. Shares jumped 257.63% to $0.71 in after-hours trading Wednesday after a $0.20 close, Benzinga reported. A Schedule 13D/A from its majority holder posted at 7:39 AM ET Thursday.
POAS	Phaos Technology Holdings (NYSE American)	+100.95%	15.5M	No clear catalyst was reported. Context, not a clear explanation: on Oct. 26 the company disclosed that its auditor's report for fiscal 2026 includes a going-concern paragraph expressing substantial doubt about its ability to continue operating.
PARA	Parabolic Technologies (Nasdaq)	+68.80%	340.5M	No clear catalyst was reported. Context, not a clear explanation: on Nov. 10 the company, formerly Banzai International, said it used $12.1 million of offering proceeds mainly to pay off $11.6 million of debt early and retire warrants held by 3i, LP. No merger or acquisition news was found.
ADXN	Addex Therapeutics (Nasdaq ADS)	+67.23%	4.0M	Spin-out Neurosterix closed a $105 million Series B financing, announced Nov. 11. Addex did not take part; its 8.5% stake is valued at $18.6 million.
ICMB	Investcorp Credit Management BDC (Nasdaq)	+52.81%	26.4M	Agreed on Nov. 11 (6:00 PM ET) to merge into BCP Investment Corp. (BCIC) for 90% of adjusted net asset value. The companies put that at about $2.49 per share on NAV, or about $1.38 based on BCIC's Nov. 9 close, versus ICMB's $0.61 close that day.
CENN	Cenntro Inc. (Nasdaq)	+44.16%	132.2M	No clear catalyst was reported. Context, not a clear explanation: a Nov. 3 filing said it delivered LS450 electric trucks in the US under government incentive programs, generating more than $2.44 million in revenue.
DBGI	Digital Brands Group (Nasdaq)	+35.52%	107.6M	No clear catalyst was reported. Context, not a clear explanation: an Oct. 30 filing disclosed a default notice on a $3,529,412 convertible note, which the company disputes in part.
BDMD	Baird Medical Investment Holdings (Nasdaq)	+23.46%	19.9M	Announced at 8:00 AM ET Thursday a distribution partnership with ALLIS MED to enter South Korea, where ALLIS MED will handle regulatory filings and become exclusive distributor after certification.
NBIZ	Tradr 2X Short NBIS Daily ETF (Cboe BZX)	+22.95%	0.5M	Inverse leveraged ETF; the move follows Nebius (NBIS), which fell more than 10% in premarket trading after its third-quarter report and outlook. See the leveraged fund section below.
LUNL	Defiance Daily Target 2X Long LUNR ETF (Cboe BZX)	+21.00%	1.6M	Leveraged ETF; the move follows Intuitive Machines (LUNR), which rose in premarket trading after reporting record third-quarter revenue. See the leveraged fund section below.
CORD	T-REX 2X Inverse CRWV Daily Target ETF (Cboe BZX)	+19.75%	6.5M	Inverse leveraged ETF; the move follows CoreWeave (CRWV), which fell in premarket trading after a 24.71% jump on Wednesday. See the leveraged fund section below.
CURI	CuriosityStream Inc. (Nasdaq)	+15.19%	0.2M	Reported third-quarter results after Wednesday's close: revenue of $20.7 million, up 13%, net income of $4.8 million and adjusted EBITDA of $5.0 million, up 67%. It raised full-year guidance to $79 million to $82 million in revenue.

Percent change and volume are premarket data as of about 8:05 AM ET Thursday, Nov. 12, 2026, measured against Wednesday's close. Volume is shares traded so far in the premarket session; figures such as 0.2M and 0.5M mean only a few hundred thousand shares, so those moves rest on very thin trading. Figures change quickly before the open.

What moved the stocks

The Children's Place (PLCE) led the list with a gain of 454.16% on 113.9M shares, and no clear catalyst was reported. The children's apparel retailer said on Sunday that it had filed for Chapter 11 bankruptcy protection and is seeking buyers for substantially all of its assets, with bids due Dec. 9 and a goal of closing a deal by the end of December. It reported about $742 million in assets against about $881 million in debts, according to CNBC. The stock closed Wednesday at $0.20, up 11.20%, then jumped 257.63% to $0.71 in after-hours trading, Benzinga reported. A Schedule 13D/A posted to EDGAR at 7:39 AM ET Thursday shows Mithaq Capital and related holders with about 61.1% of the shares. It says they may bid for some assets but have no plans to buy or sell shares. None of this explains a move of this size. In a Chapter 11 sale, shareholders are usually paid after creditors.

Phaos Technology (POAS), a Singapore microscopy company, was second. No clear catalyst was reported. On Oct. 26 the company disclosed that its auditor's report includes a going-concern paragraph expressing substantial doubt about its ability to continue operating (Form 6-K). That is background, not an explanation. The move swung widely: Benzinga had the stock up 144.2% at 7:05 AM ET, and RTTNews had it up 184% at 7:15 AM ET.

Parabolic Technologies (PARA), formerly Banzai International, was third on the list's heaviest volume, 340.5M shares. No clear catalyst was reported, and no merger or acquisition news was found. On Nov. 10 the company said it used $12.1 million of offering proceeds mainly to pay off $11.6 million of debt ahead of schedule and retire warrants held by 3i, LP (GlobeNewswire). The stock closed Wednesday at $0.0718, down 7.95% (StockAnalysis).

Addex Therapeutics (ADXN) rose after its former subsidiary Neurosterix closed a $105 million Series B financing to fund Phase 2 work on schizophrenia candidate NTX-253. Addex did not take part, and its stake was diluted to 8.5%, valued at about $18.6 million (RTTNews).

Investcorp Credit Management BDC (ICMB) agreed after Wednesday's close to merge into BCP Investment Corp. (BCIC), managed by a BC Partners affiliate. ICMB holders would get 90% of ICMB's adjusted net asset value, mostly in BCIC shares with any remainder in cash. The companies said that values ICMB at about $2.49 per share on a NAV basis, or about $1.38 using BCIC's Nov. 9 closing price, against ICMB's $0.61 close that day. The deal is expected to close in the first quarter of 2027 (GlobeNewswire).

Cenntro (CENN) and Digital Brands Group (DBGI) had no clear catalyst reported. Both closed Wednesday below $0.15 (CENN, DBGI). Cenntro's latest filing, on Nov. 3, covered electric truck deliveries worth more than $2.44 million in revenue (SEC). Digital Brands disclosed on Oct. 30 that a lender sent a default notice on a $3,529,412 convertible note, which the company disputes in part (SEC).

Baird Medical (BDMD) said at 8:00 AM ET that ALLIS MED will handle South Korean regulatory filings for its microwave ablation products and become its exclusive distributor there after certification (GlobeNewswire). The stock closed Wednesday at $0.104.

CuriosityStream (CURI) reported third-quarter revenue of $20.7 million, up 13%, net income of $4.8 million against a $3.7 million loss a year earlier, and adjusted EBITDA of $5.0 million, up 67%. It raised its 2026 outlook to $79 million to $82 million in revenue and $20 million to $22 million in adjusted EBITDA (company release).

The leveraged funds on the list

NBIZ (Tradr 2X Short NBIS Daily ETF) seeks -2x the daily move of Nebius Group (NBIS), so it rises when Nebius falls (StockAnalysis). Nebius was down more than 10% in premarket trading as of 7:39 AM ET after third-quarter revenue of $980.8 million, up 571%, beat estimates (Investing.com). CNBC tied the drop to 2026 revenue guidance at the low end of its range and higher spending plans: 2026 capital expenditures of $27 billion and $40 billion to $45 billion for 2027.

CORD (T-REX 2X Inverse CRWV Daily Target ETF, from Tuttle Capital Management) seeks -2x the daily move of CoreWeave (CRWV) (StockAnalysis). CoreWeave was down 6.37% at $56.90 in premarket trading as of 6:41 AM ET, after Wednesday's 24.71% post-earnings surge (Benzinga).

LUNL (Defiance Daily Target 2X Long LUNR ETF) seeks 2x the daily move of Intuitive Machines (LUNR) (StockAnalysis). Intuitive Machines was up 11.99% at $13.64 at 7:44 AM ET (StockAnalysis). It reported record third-quarter revenue of $269 million, positive free cash flow of $33 million and a $1.9 billion backlog, and it expects positive adjusted EBITDA for 2026 (company release).

Because leveraged and inverse products reset daily, holding them for more than a day can produce returns very different from the stated multiple of the underlying. The SEC's investor bulletin on leveraged and inverse ETFs explains why.

Market context

As of 7:03 AM ET, Dow E-minis were up 0.03%, S&P 500 E-minis down 0.4% and Nasdaq 100 E-minis down 0.86%. Nvidia fell 7.7% in premarket trading on reports that its board was weighing the ouster of CEO Jensen Huang, according to Reuters. Reuters said traders see a December Federal Reserve rate hike as a certainty, with the Producer Price Index due Friday. Brent crude was down 0.4% at $92.39 a barrel and WTI down 0.43% at $86.16 as of 4:46 AM ET, per CNBC. Bitcoin was around $73,400, down 0.7% since midnight UTC, at 6:30 AM ET, according to CoinDesk. Weekly jobless claims were due at 8:30 AM ET. The Cboe Volatility Index was 18.35, up 4.91%, at 7:54 AM ET. Cisco's first-quarter fiscal 2027 earnings event is scheduled for 4:30 PM ET (Cisco).

Risk note

Premarket gappers are dominated by small caps and low-float stocks, and those can reverse just as quickly as they rise. Premarket volume is thin, spreads can be wide, and a gap up before the bell can fade at the open. Most of today's top names trade below $1, and PLCE is in Chapter 11, where existing shares can end up with little or no value. NBIZ and CURI moved on 0.5M and 0.2M of premarket volume. Leveraged and inverse funds can lose value quickly and amplify losses as well as gains. Moves this large can bring trading halts and sudden drops; FINRA explains how trading halts work. A big percentage gain is not a sign of company quality. This article is not investment advice.

Sources

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Premarket Gappers Nov. 12: PLCE, POAS and PARA Jump Before the Bell