Stockwinners Market Radar for March 03, 2022 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service

VLRS

Hot Stocks

19:06 EST Volaris reports February demand up 80.8%, capacity up 62.0% - In February, Volaris' capacity, measured in ASMs, increased 62.0% YoY, while demand, measured in RPMs, was up 80.8% YoY; load factor increased 8.6 pp YoY to 82.7%. In the month, Volaris transported 2.1 million passengers, an 86.7% increase YoY.
SAVE

Hot Stocks

19:04 EST Spirit Airlines adds new pilot, crew bases in Miami, Atlanta - Spirit Airlines announced the addition of new Pilot and Flight Attendant bases at Miami International Airport and Hartsfield-Jackson Atlanta International Airport for a total of nine crew bases across the network as the airline continues to add new planes and new airports. The crew bases are projected to initially open this summer once advance preparations are finalized. Spirit expects to locate more than 100 Pilots and more than 200 Flight Attendants at each base initially, with additional crew, supervisors and support functions to follow later in the year. Crew Bases, also known as Home Bases, are the various airport stations where commercial Pilots and Flight Attendants normally begin and end their duty periods. The new bases will complement Spirit's existing crew bases in Atlantic City, Chicago, Dallas, Detroit, Fort Lauderdale, Las Vegas and Orlando.
DLR

Hot Stocks

18:59 EST Digital Realty raises quarterly dividend by 5% to $1.22 - The common stock cash dividend will be paid on March 31, 2022 to common stockholders of record as of the close of business on March 15, 2022.
SQ

Hot Stocks

18:47 EST Block CFO: We rebranded because we're a multi-dimensional company - In an interview on CNBC's Mad Money, Amrita Ahuja said Block is serving multi-customer needs in a multi-dimensional way. The company's roadmap is growing, she noted, and she's "extremely excited" about the prospects for Afterpay. She feels bitcoin is the most likely contender as a currency for the internet.
ROCC

Hot Stocks

18:33 EST Ranger Oil names Julia Gwaltney as COO, effective immediately - Ranger Oil announced the promotion of Julia Gwaltney to the role of Senior Vice President and COO, effective immediately. Gwaltney joined the company in January 2021 as Senior Vice President of Development.
DNN

Hot Stocks

18:10 EST Correction: Denison Mines reports Q4 revenue C$3.34M vs. C$4.09M a year ago
BRP

Hot Stocks

18:09 EST BRP Group to acquire Westwood Insurance Agency - BRP Group that the Company has entered into an agreement to acquire all of the outstanding equity interests of Westwood Insurance Agency. Based in West Hills, CA, and owned by QBE Holdings, Westwood is a full-service personal lines agency specializing in builder-sourced homeowners insurance. With annual revenues of approximately $81.8M, Westwood represents BRP Group's largest Partnership to date. The Partnership, BRP Group's nomenclature for a strategic acquisition, is expected to close on or around May 1, 2022, subject to certain closing conditions. Separate from the purchase of Westwood, Millennial Specialty Insurance, BRP Group's "MGA of the Future" platform, has entered into a Program Administrator Agreement with a QBE affiliate to assume operations of QBE's builder-sourced homeowners book, which is expected to add $200M of premium to MSI's homeowners MGA platform. Per the agreement, MSI will assume all MGA functions associated with the book of business, for which QBE will provide balance sheet capacity for a period of 5 years. MSI will not assume any balance sheet risk associated with the book of business. Morgan Stanley & Co. LLC acted as exclusive financial advisor to QBE in the transaction.
DNN

Hot Stocks

18:08 EST Denison Mines sees 2022 mineral sales C$2.04M - Sees 2022 net forecasted cash outflow (C$36.23M).
LGIH

Hot Stocks

18:05 EST LGI Homes reports 499 home closings in February - LGI Homes announced it closed 499 homes in February 2022. As of February 28, 2022, the company had 89 active selling communities.
RCI SJR

Hot Stocks

17:44 EST Rogers, Shaw Communications still expect deal to close in first half of year - Rogers Communications and Shaw Communications jointly state: "We continue to work constructively with the government and regulators to close this transaction and deliver the benefits of the merger to all Canadians. We share the government's view that affordable, high-quality services should be available to every Canadian and by coming together, Rogers and Shaw will make the generational investments in networks and technology that Canada needs to create new jobs, increase competition, and bridge connectivity gaps in rural and remote areas. We continue to expect the transaction to close in the first half of 2022."
PXD

Hot Stocks

17:20 EST Pioneer Natural CEO sells over 22,000 common shares - In a regulatory filing, Pioneer Natural CEO Scott Sheffield disclosed the sale of 22,247 common shares of the company on March 3 at a price of $240.121 per share.
AGR

Hot Stocks

17:18 EST Avangrid names Pedro Azagra as CEO - AVANGRID "announced the appointment of Pedro Azagra Blazquez as CEO of AVANGRID. Mr. Azagra will succeed Dennis Arriola who has decided to leave the business, effective May 28, 2022. AVANGRID will work towards a smooth transition."
IDT

Hot Stocks

17:11 EST IDT's net2phone acquires Integra CCS, terms not disclosed - net2phone, a communications-as-a-service provider and subsidiary of IDT Corporation, announced that it has acquired Integra CCS, a contact-center-as-a-service provider operating in the Americas and Europe. "As the CCaaS and UCaaS markets continue their exceptional growth trajectories, businesses are gravitating to providers who can support integrated communications-as-a-service offerings," said Jonah Fink, CEO of net2phone. "With the Integra CCaaS platform, our powerful UCaaS solutions, and our industry-leading SIP trunking service, we can provide holistic solutions that deliver unbeatable value. Our channel partners in the US, Canada, Brazil and Mexico have begun to introduce these packages and are extremely enthusiastic about their potential." The acquisition of Integra was financed internally by IDT.
AN

Hot Stocks

17:02 EST AutoNation names Dave Koehler COO, non-franchises business - AutoNation announced that the company is expanding its Executive Team. Dave Koehler, who currently serves as the Eastern Region President, will be Chief Operating Officer, Non-Franchised Business. Koehler will oversee AutoNation USA, AutoNation Auto Auctions, and the AutoNation Collision business. Steve Kwak, who currently serves as the Western Region President and AutoNation USA President, will be Chief Operating Officer, Franchised Business. Kwak will oversee all activities and teams related to the new car franchise operations, manufacturer relations, Customer Financial Services, and After-Sales operations. Koehler and Kwak will report directly to AutoNation's CEO Mike Manley. "Steve and Dave have nearly sixty years of combined automotive experience and both have been with AutoNation for over ten years. They are exceptional leaders whose expertise will continue to support the trajectory and the strategy of AutoNation," said Mike Manley. "With the significant investment, growth plans, and success of AutoNation USA coupled with our opportunity to develop our collision and auction business it is now time to ensure these operating units have the highest level of leadership and focus." AutoNation will announce replacement Eastern and Western Region Presidents in the near future. As previously announced, Chief Operating Officer and President, Jim Bender will be leaving the Company on March 4, 2022.
CGNX

Hot Stocks

17:00 EST Cognex authorizes up to $500M stock buyback program - Cognex Corporation announced that the company's board of directors has authorized the purchase of up to $500M of Cognex common stock in open market transactions or otherwise, subject to market conditions and other relevant factors. Cognex recently completed its previous repurchase program, which was a $200M program authorized in March 2020. The board also reauthorized Cognex to establish Rule 10b5-1 trading plans that allow the company to repurchase shares at times when it might otherwise be prevented from doing so by securities laws or because of self-imposed trading blackout periods.
FNKO

Hot Stocks

17:00 EST Funko jumps 16% to $20.69 after Q4 earnings beat, above-consensus guidance
SWBI

Hot Stocks

16:56 EST Smith & Wesson Brands drops 13% to $15.55 after Q3 results miss estimates
FNKO

Hot Stocks

16:55 EST Funko CEO say can grow revenue double-digits over next three years - Andrew Perlmutter, CEO, states: "Looking beyond 2022, based on the strength of our portfolio, the sustained demand we cultivate with our fans and our proven ability to execute, we believe that Funko can deliver double-digit revenue growth over the next 3 years, while consistently expanding margin." Comments taken from Q4 earnings conference call.
YNDX

Hot Stocks

16:54 EST Yandex provides update on impact of Russia-Ukraine conflict - Yandex provided an update on the impact of current geopolitical developments on the company. The company said, "In recent days, a number of governments, including those of the United States, United Kingdom and European Union, have adopted new sanctions on specified persons and entities in Russia, including the Central Bank of Russia, and new export controls affecting specific, sensitive technologies. None of Yandex N.V., any of our subsidiaries, any of the members of our Board of Directors or management or any of our principal shareholders is a target of these sanctions. We are currently analyzing the new export controls and working closely with our vendors. None of the Yandex group companies operates in the defense, aerospace or maritime sectors that have been specifically targeted. We understand, however, that a number of companies based in the U.S., U.K., E.U. and elsewhere have indicated that that they are currently suspending supplies and services to customers in Russia. We believe that our current data center capacity and other technology critical to operations will allow us to continue to operate in the ordinary course for at least the next 12 to 18 months. In the event of any prolonged suspension of supplies of hardware, software or other technology used in our business or offerings, if we are unable to secure alternative sources, our operations could be materially adversely affected over time. In addition, we understand that many suppliers have announced intentions to suspend the sale of consumer goods to Russia, and several major shipping companies have ceased shipments to Russia; such actions, if prolonged, would result in a reduction of the number and selection of goods we are able to offer through Yandex.Market. As of February 28, 2022, Yandex had USD- and euro-denominated cash balances of approximately $615 million (of which a USD-equivalent of approximately $370 million is located outside of Russia) and approximately RUB 47 billion of ruble cash and cash equivalents as of February 28, 2022. We do not currently expect the blocking of certain financial institutions in Russia from the SWIFT system to affect our day-to-day operations. Any prolonged economic downturn in Russia as a result of sanctions, depreciation of the ruble or negative consumer sentiment could have a material adverse effect on our results. We are aware of press speculation regarding the possibility that the Russian government would take steps to effect changes of control of companies or assets in Russia in response to the sanctions that have been imposed. Although we are not aware of any plans in this regard, the majority of our operations and assets are located in Russia and therefore any such action would have a material adverse impact on the value of the Yandex group as a whole. Our parent company is registered in the Netherlands and has a number of direct and indirect subsidiaries located in countries outside of Russia. Our parent company and its direct and indirect foreign subsidiaries currently hold a USD-equivalent of approximately $370 million in cash as well as other assets and operations outside of Russia."
WSFS

Hot Stocks

16:50 EST WSFS Financial names Christine Davis Chief Risk Officer - WSFS Bank, the primary subsidiary of WSFS Financial Corporation announced that Christine E. Davis has been named Executive Vice President, Chief Risk Officer, CRO, reporting to Rodger Levenson, WSFS Chairman, President and CEO. In her new role, she will lead all risk management functions including credit administration, credit risk management, enterprise risk management, real estate services, asset recovery, legal, internal audit, loan review and regulatory compliance. Davis will assume the Chief Risk Officer role following Michael Reed's decision to return to his previous role as partner in the financial services and corporate groups at Covington & Burling.
SFM

Hot Stocks

16:48 EST Sprouts Farmers Market announces new $600M share repurchase program - Sprouts Farmers Market announced that its Board of Directors authorized a new share repurchase program of $600M of its common shares on March 2 which replaces our current authorization with less than $100M remaining. The shares may be purchased on a discretionary basis from time to time, subject to general business and market conditions and other investment opportunities, through open market purchases, privately negotiated transactions or other means, including through Rule 10b5-1 trading plans. This share repurchase program may be commenced, suspended or discontinued at any time and expires on December 31, 2024.
ACMR

Hot Stocks

16:44 EST ACM Research announces 3-for-1 stock split - ACM Research announced that its board of directors has approved and declared a 3-for-1 stock split of ACM's Class A common stock and Class B common stock in the form of a stock dividend. Each stockholder of record at the close of business on March 16 will receive a dividend of two additional shares of Class A common stock for each then-held share of Class A common stock and two additional shares of Class B common stock for each then-held share of Class B common stock, which will be distributed after the close of trading on March 23. ACM's Class A common stock will begin trading on a stock split-adjusted basis on March 24.
RIOT

Hot Stocks

16:42 EST Riot Blockchain produced 436 BTC in February, up 189% YoY - Riot Blockchain announces production and operations update for February , status of miner shipments and deployment, and updates on the 400 megawatt infrastructure expansion at the Company's Whinstone facility in Rockdale, Texas . "Throughout the month of February Riot has continued to make progress on the first phase of its 200 MW immersion-cooled Bitcoin mining deployment, with over 10,000 S19j Pro Antminers now deployed in immersion-cooling tanks," said Jason Les, CEO of Riot Blockchain. "We have begun the performance evaluation process, and will be monitoring our immersion performance data closely over the next 60 days. As our team continues to build out our immersion operation, we are evaluating and assessing future opportunities to further leverage our expertise in immersion-cooling development and deployment." In February , Riot produced 436 BTC, an increase of approximately 189%, as compared to February 2021 production of 179 BTC. As of February 28 Riot held approximately 5,783 BTC, all produced by the Company's self-mining operations. Riot currently has a deployed fleet of approximately 38,310 miners, with a hash rate capacity of 3.9 exahash per second...By January 2023, Riot anticipates a total self-mining hash rate capacity of 12.8 EH/s, assuming full deployment of approximately 120,000 Antminer ASICs, but excluding any potential expected incremental productivity gains from the Company's utilization of 200 MW of immersion-cooling infrastructure. Approximately 97% of Riot's self-mining fleet will consist of the latest generation S19 series miner model. Upon full deployment of all currently contracted miners, the Company's total self-mining fleet will consume approximately 370 MW of energy. In addition to the Company's self-mining operations, Riot's Whinstone Facility hosts approximately 200 MW of institutional Bitcoin mining clients.
MRCY

Hot Stocks

16:36 EST Mercury Systems receives $7.4M order from defense prime contractor - Mercury Systems announced it received a $7.4M order from a defense prime contractor for active matrix LCD modules to be used in a large area multi-function display cockpit application. The order was received in Mercury's Q2 and is expected to be delivered over the next several quarters.
FLOW

Hot Stocks

16:36 EST SPX Flow stockholders approve merger with Lone Star Funds affiliate - SPX Flow's stockholders approved the proposed merger of the company and Redwood Star Merger Sub, a Delaware corporation and a wholly owned subsidiary of LSF11 Redwood Acquisitions, a Delaware limited liability company and an affiliate of Lone Star Funds, a private equity firm, pursuant to the Agreement and Plan of Merger, dated as of December 12, 2021, by and among the company, Merger Sub and Parent. Subject to the satisfaction or waiver of the remaining conditions to closing, the Merger is expected to close in Q2.
HEAR

Hot Stocks

16:35 EST Donerail says Turtle Beach management unable to execute growth initiatives - In an address to shareholders, The Donerail Group LP states: "Dear Fellow Shareholders, The response to our letter yesterday was overwhelmingly positive, and we are very encouraged by those of you who proactively reached out to applaud our intended nomination of a full slate of highly qualified and independent candidates for election to the Company's Board of Directors at the 2022 Annual Meeting of Shareholders. Thank you for your sentiments. While Turtle Beach had already pre-released disappointing earnings results in early January, we were eagerly awaiting management's detailed earnings guidance for 2022 and its commentary related to revenue and profitability growth. Like other shareholders, we are aghast after reviewing the financial results and press release published yesterday. Shareholders have every right to be exhausted with this management team and Board. Turtle Beach's leadership once again spotlighted its own inability to execute on a clear operating playbook that peers have managed to run quite well, while simultaneously refusing to admit that the Company's strategic initiatives in recent years continue to starve the business of cash flow and produce dismal results. Most critically, we were surprised when Turtle Beach's Chief Executive Officer and Chairman Juergen Stark declared that he was "pleased with our 2021 results." To be clear, the Company reported 2021 EBITDA of $36.6 million, some 27% below the guidance that management itself set in the middle of 2021. How can a management team that misses its own guidance so badly be "pleased" with the results? Shareholders deserve better. As it relates to guidance for 2022, we were also surprised by the Company's muted revenue forecast, which seems to contrast starkly with other industry competitors that continue to estimate growth. Additionally, Turtle Beach's annual revenue guidance for 2022, which, at the midpoint of management's forecast range is not expected to grow, was also in direct contrast to the quotes from Mr. Stark just weeks ago, when he said "we believe Turtle Beach is well positioned to deliver growth in 2022[...]" It seems to us that Mr. Stark - and the Board that has seemingly insulated him - either has absolutely no pulse on the operating performance of their business or, worse, simple disregard of the comments that he makes to shareholders. Shareholders deserve better. This management team and Board continue to highlight not only a complete inability to manage the business but also, an utter lack of awareness unlike anything we have seen before. We look forward to the nominating period opening in short order, and we are anxiously awaiting the chance to detail to other stakeholders the diverse and uniquely talented executives that we have partnered with to help execute a sweeping plan to drive growth and profitability at Turtle Beach on behalf of all shareholders."
WOOF

Hot Stocks

16:34 EST Petco to purchase remaining 50% stake in hospital joint venture - Petco has entered into a definitive agreement to purchase Thrive Pet Healthcare's 50% stake in the parties' pet hospital joint venture which currently operates nearly 100 full-service veterinary hospitals in Petco pet care centers across 14 U.S. states, under the THRIVE brand. Petco and Thrive Pet Healthcare formed the strategic joint venture in May 2017. Petco will offer over 800 veterinary care professionals the opportunity to join its network of more than 27,000 Petco employees. Additionally, Petco will transition the nearly 100 THRIVE locations to its Vetco Total Care hospital branding. The transaction is expected to close in Q2, subject to closing conditions.
MTOR

Hot Stocks

16:33 EST Meritor enters collaboration agreement with ConMet - Meritor announced it has entered into a collaboration agreement with ConMet in which Meritor will develop purpose-built trailer suspensions and brakes, as well as tire inflation systems to work with ConMet's PreSet Plus eHub. This innovative system will enable production of zero-emissions refrigerated trailers. To deliver this electrified trailer solution, Meritor is redesigning its trailer suspension and drum brake, including a specifically engineered spindle package to be compatible with ConMet's eHub. The companies will also continue to jointly evaluate the application of industry leading, complementary advanced technologies that address evolving e-mobility market trends.
CBOE

Hot Stocks

16:32 EST Cboe Global Markets reports February total options ADV of 13.2M contracts - Total volume across Cboe's four options exchanges was 250.9M contracts, the highest February volume on record.
GPS

Hot Stocks

16:23 EST Gap up 16% after Q4 results, FY22 guidance - Gap shares are up $2.27, or 16%, to $16.50 in after-hours trading.
FLT

Hot Stocks

16:22 EST FleetCor acquires Levarti, terms not disclosed - FleetCor Technologies announced the acquisition of Levarti, an airline software platform company. Levarti provides a suite of solutions that automate passenger disruptions including passenger notifications, flight re-bookings, hotel accommodations, transfers and vouchers. "This acquisition gives us a complementary solution to further automate and streamline passenger disruption events for our airline clients. We expect our combined offering will be of great interest to airlines, and lead to accelerated sales in our lodging airline segment," Ron Clarke, chairman and chief executive officer, FLEETCOR Technologies, Inc.
CLXT

Hot Stocks

16:21 EST Calyxt expects cash runway to extend to late 2022
AVGO

Hot Stocks

16:17 EST Broadcom CEO says 'strong enterprise demand' in Q1 - "Broadcom's record first quarter results were driven by strong enterprise demand, and continued investments in next generation technology by hyperscale and service providers," said Hock Tan, President and CEO of Broadcom. "Our second quarter outlook projects year-over-year growth to accelerate." "Consolidated revenue grew 16% year-over-year to a record $7.7 billion and operating profit increased 23%," said Kirsten Spears, CFO of Broadcom. "We generated $3.4 billion in free cash flow and are expecting free cash flow to remain strong in the second quarter. Consistent with our commitment to return excess cash to shareholders, we returned $4.5 billion to shareholders in the quarter including $1.8 billion of cash dividends and $2.7 billion of share repurchases."
SNTG

Hot Stocks

16:15 EST Sentage receives noncompliance notification from Nasdaq - Sentage announced that the company received a written notification from the Nasdaq notifying the Company that it is not in compliance with the minimum bid price requirement set forth in Nasdaq Listing Rules for continued listing on the Nasdaq.
EOLS

Hot Stocks

16:13 EST Evolus CFO Lauren Silvernail retires - Evolus announced that after nearly four years with the company, Lauren Silvernail will retire from her position as CFO and Executive Vice President of Corporate Development effective May 31, 2022. The search for her successor is already underway.
MRVL

Hot Stocks

16:08 EST Marvell reports Q4 adjusted gross margin 65.3% - "Marvell delivered record revenue of $1.34 billion in the fourth quarter of fiscal 2022, growing 11 percent sequentially and 68 percent year over year, exceeding the midpoint of guidance. The Marvell team continued to rack up design wins, securing additional sockets at key customers leveraging our advanced technology platforms," said Matt Murphy, Marvell's President and CEO. "Revenue grew in all five of our end markets in the fourth quarter, with strong contributions from cloud, 5G and auto, which together represented 40% of total revenue. In addition, our enterprise networking end market has become another growth pillar, with revenue increasing 64% year over year, driven by our content gains and share increases, as enterprises continue to transform their infrastructure to address the needs of a more flexible, hybrid workforce."
INDO

Hot Stocks

14:40 EST Indonesia Energy Corporation Limited trading resumes
RDFN

Hot Stocks

14:37 EST Redfin says home prices rose to 'all-time high' amid 'war in Ukraine' - "Home prices spiked to an all-time high of $363,975 as the market continued to heat up during the four-week period ending February 27, according to a new report from Redfin . The median home-sale price was up 16% year over year, the biggest annual gain since August. The typical home sold for 0.8% above list price, the largest premium since October. Intense competition among buyers driven by an extreme shortage of homes for sale is driving prices up unseasonably fast. "The war in Ukraine has rattled the global economy, causing mortgage rates to fall after weeks of increases," said Redfin Deputy Chief Economist Taylor Marr. "The dip in mortgage rates should buoy homebuying demand temporarily, fueling continued price gains. But demand may drop off if the Federal Reserve raises interest rates again as expected." Key housing market takeaways for 400+ U.S. metro areas" include: "Unless otherwise noted, this data covers the four-week period ending February 27. Redfin's housing market data goes back through 2012. The median asking price of newly listed homes increased 15% year over year to an all-time high of $390,488, and rose 27% from the same time in 2020," said Redfin in a statement.
INDO

Hot Stocks

14:35 EST Indonesia Energy Corporation Limited trading halted, volatility trading pause
PARR

Hot Stocks

14:11 EST Par Pacific suspends purchases of Russian crude oil - Par Pacific Holdings said that it "recognizes its important role in Hawaii's energy security. We intentionally diversify our crude oil sources from locations around the globe to enable us to meet the state's ongoing demand for fuels. However, in light of recent geopolitical events, we have decided to suspend purchases of Russian crude oil for our Hawaii refinery. The geopolitical landscape and energy markets are dynamic. We will continually monitor and evaluate our posture on Russian crude over the coming weeks and months. In the meantime, we are turning to other grades of crude, principally from North and South America, to meet fuel production requirements. As the geopolitical situation evolves, we will work closely with our customers and partners in state government to make prudent decisions in support of energy assurance for Hawaii."
TWTR

Hot Stocks

13:56 EST Twitter to reopen offices March 15, employees to be allowed to work remotely - Twitter will reopen its offices in the middle of this month, though employees will still be allowed to work remotely, according to an email from CEO Parag Agrawal to staffers. "It's been almost two years since we closed our offices and travel and I'm excited to announce that we're ready to fully open up business travel and all our offices around the world!" Agrawal wrote in a note that he posted to Twitter on Wednesday. He added that "Business travel is back effective immediately, and office openings will start on March 15." Reference Link
BTBD

Hot Stocks

13:47 EST BT Brands completes acquisition of Keegan's Seafood Grill - BT Brands announced that it completed the acquisition of the assets of Keegan's Seafood Grill. Commenting on the acquisition, BT Brands CEO Gary Copperud noted, "the Keegan's purchase is expected to exceed our target returns and is an excellent initial purchase following our Initial Public Offering in November of last year."
RENO

Hot Stocks

13:32 EST Renovare Environmental to acquire Harp Renewables for $20M in cash and stock - Renovare Environmental announced it has entered into a definitive agreement to purchase Harp Renewables and its affiliate, Harp Electric Engineering, for $20M, comprised of $15M of common stock and $5M of cash. "Through this acquisition, Renovare will become the premier provider of Digesters across North America and Europe, allowing the Company to lead the way in reducing harmful emissions from the disposal and land-filling of food and organic waste. Harp Renewables, based in Ireland, is a global leader in thermophilic aerobic digestion and waste treatment solutions. Harp manufactures and sells a wide range of proprietary bio-digesters that convert food and other organic waste into a nutrient-rich, dry, safe soil product that can be used as a fertilizer, soil amendment or soil additive. Harp provides an innovative solution that provides soil regeneration, and significantly reduces the emission of CO2 and greenhouse gases. Harp Electrical Engineering has been operating since 2002 with extensive experience in large scale waste management projects across the globe. Upon closing, Harp will nominate two representatives to the Renovare Board of Directors," the company stated. This transaction, which was unanimously approved by the Boards of Directors of both companies, is expected to close in the first half of 2022, subject to satisfaction of closing conditions, including obtaining the approval of Renovare's shareholders, obtaining financing of the acquisition cash and other customary closing conditions.
ATNI

Hot Stocks

13:07 EST Longpoint, Brookfield recapitalize national logistics portfolio through JV - Longpoint Partners announced the closing of its joint venture with Brookfield through its Real Estate Secondaries business. The joint venture has recapitalized a $700-million, 3.8-million-square-foot national logistics portfolio that was held in one of Longpoint's closed-end funds. Longpoint will maintain an interest in the portfolio and continue to manage the day-to-day operations. The portfolio comprises 31 high quality logistics assets located in supply-constrained infill locations in high-growth markets including New Jersey, DC, Dallas, South Florida, and Boston. The assets are approximately 97% leased to a diversified roster of over 200 tenants.
EVGO

Hot Stocks

13:01 EST Rhythm Energy launches EV energy plan in partnership with EVgo - Rhythm Energy, the Texas-based renewable energy provider, announced the launch of its new Simply Drive energy plan in partnership with EVgo. Texans who sign up for Rhythm's Simply Drive plan support renewable energy production through their home energy choice and with $100 in charging credit for on-the-go charging on EVgo's network powered by 100% renewable electricity. "The transportation market is electrifying at a rapid pace, especially in Texas," said P.J. Popovic, CEO of Rhythm Energy. "Charging electric vehicles with renewable energy is good for wallets, lifestyles and the planet. With Rhythm's Simply Drive plan, consumers will get a 100% renewable energy plan that powers their home and charges their EV affordably, as well as $100 in charging credits with EVgo, so they can extend their zero emission driving when they are away from home. We're proud to bring this plan to market in support of Texans who have made the choice to use electric vehicles. This plan and our partnership with the team at EVgo reflects our commitment to make every aspect of our consumers' energy life easier and cleaner."
TJX

Hot Stocks

13:00 EST TJX to divest equity ownership in Familia in 'support of people of Ukraine' - TJX stated in a regulatory filing: "Given the recent Russian invasion on Ukraine, The TJX Companies has committed to divesting its equity ownership in Familia in support of the people of Ukraine. As of March 2, 2022, Doug Mizzi and Scott Goldenberg have resigned from their director and observer positions, respectively, on Familia's Board of Directors, effective immediately. As a result of this commitment to divest, TJX may recognize an investment loss when its Familia position is sold. Prior to a sale, TJX may be required to record an impairment charge if the fair value of its Familia investment declines below its carrying value on the balance sheet. TJX invested $225M for a 25% non-controlling, minority interest in privately held Familia in November of 2019. Familia, domiciled in Luxembourg, is an off-price retailer of apparel and home fashions with more than 400 stores in Russia. TJX accounts for its investment in Familia using the equity method of accounting. As of January 29, 2022, the carrying value of TJX's investment in Familia was $186M, which reflects the revaluing of the investment from Russian rubles to the U.S. dollar, resulting in a cumulative translation loss and reducing the carrying value of TJX's investment by approximately $40M. TJX does not have any sales in Russia or Ukraine."
ATCO

Hot Stocks

12:17 EST Edwards invests in Arizona manufacturing facility - Edwards announced its investment in a new state-of-the-art manufacturing facility in Chandler. The new 200,000-square-foot facility will leverage the latest manufacturing and digital technologies to support the fast-growing North American semiconductor market with services and solutions for the efficient and environmentally sustainable production of chips. The Chandler facility will also feature warehousing facilities, factory areas, meeting rooms, and a dedicated training centre. It is anticipated that the new facility will create approximately 200 new jobs in the local area, with scope to grow along with the market. Construction of the new site in Chandler is underway and from the third quarter of this year, the facility will commence the remanufacturing and assembly of equipment essential to meet the demand for new semiconductor fab requirements. The purchase price of Edwards' investment in the new facility is not disclosed.
VZ

Hot Stocks

12:08 EST Verizon expects service and other revenue growth of 3% in 2022 - The company said, "With the benefit of the accelerated C-Band deployment, new products, services and partnerships described above, Verizon expects to generate service and other revenue growth of approximately three percent in 2022, excluding the net impact of the sale of Verizon Media and the company's ownership of TracFone; at least three percent in 2023; and four percent in 2024 and beyond. Coupled with anticipated reduced capital intensity to below 12 percent in 2024 following the conclusion of the initial C-Band build, the company expects faster growth in free cash flow and a resulting step down in leverage. CFO Matt Ellis stated that Verizon will consider share buybacks when the company reaches a 2.25x net unsecured debt/adjusted EBITDA leverage ratio, slightly above its long-term target range of 1.75x-2.0x."
VZ

Hot Stocks

12:06 EST Verizon expects 150,000 net additions for fixed wireless in Q1 - The company said, "The expansion of Verizon's C-Band coverage provides additional growth opportunities in nationwide broadband with over 150,000 net additions expected for fixed wireless access alone in the first quarter of 2022. As the company continues to expand its 5G network over the next few years, it plans to: Significantly expands its fixed wireless coverage of households and businesses, disrupting an existing market and capturing share; becoming its second largest contributor to revenue growth. Cover 50 million households and 14 million businesses, and have 4 to 5 million total fixed wireless subscribers by year end 2025."
VZ

Hot Stocks

12:05 EST Verizon Business announces private networking solution with Celona - The company said, "With traditional wireless technology solutions, organizations are often left with coverage gaps, fractured security and inconsistent service quality that leads to costly downtime and lower productivity. To solve this problem for its customers, Verizon Business announced a new, cost competitive, turn-key private networking solution with Celona, that will accelerate the use of private 5G to support a new generation of business initiatives. Together, Verizon and Celona will offer one solution with a common relationship, contract, support center and implementation team. The solution will benefit small, mid-market and enterprise businesses that are looking to quickly deploy a private network that is built on cloud-first architecture, utilizing plug-and-play ingredients, self-organizing wireless and AI for app intelligence. The offer will also help businesses expedite bringing private 5G applications to market, streamlining costs and mitigating operational challenges. This solution simplifies the customer experience and gives customers the ability to effectively scale their connectivity, and will also lower the cost barrier for developers, opening new pathways for them to test innovative and transformative applications."
VZ

Hot Stocks

12:04 EST Verizon announces launch of '+play' platform - Verizon (VZ) announced that its customers will have exclusive access to "+play," which it calls a "groundbreaking platform that allows users to discover, purchase and manage some of their favorite subscriptions across entertainment, audio, gaming, fitness, music, lifestyle and more - all in one place." Through new partnerships with Netflix (NFLX), Peloton (PTON), Live Nation's (LYV) Veeps and services like Disney+ (DIS), discovery+ (DISCA), A+E Networks, AMC+ (AMCX) and others, the hub will "give Verizon customers a simple and efficient way to access and take advantage of exclusive deals for content services," the company said. Verizon added: "+play is a unique digital hub designed to centralize subscription services at no additional cost to Verizon customers. Trials for +play will begin at the end of March with a select group of customers and brands, with an expected consumer launch later this year."
VZ FB

Hot Stocks

12:04 EST Verizon announces strategic partnership with Meta - The company said, "Over the next decade, the metaverse will enable immersive, interconnected and interoperable digital spaces to help people connect in ways not yet possible. These metaverse experiences will be delivered across all screens, at home, at work, and on the go and customers will want to have those experiences on the industry's leading 5G network. That is why Verizon unveiled a first-of-its-kind strategic partnership with Meta that aims to couple Verizon's 5G Ultra Wideband network and edge compute capabilities with Meta's technologies to understand the foundational requirements for metaverse applications. The collaboration will explore how Verizon's mobile edge compute infrastructure can deliver intensive XR cloud rendering and low latency streaming, which are core capabilities needed for metaverse applications. The metaverse is the next evolution in online social technology, enabling immersive, interconnected and interoperable digital spaces over the next decade that represent the evolution of the internet from how it exists today. Innovations that enable the next generation of fixed and mobile connectivity are critical pieces to make the metaverse a reality. Verizon and Meta are also exploring a range of metaverse opportunities from the future of hybrid work/collaboration to metaverse-related consumer experiences."
VZ

Hot Stocks

12:03 EST Verizon announces +play direct-to-consumer platform - Verizon announced +play, exclusive to Verizon customers. This unique, direct-to-consumer platform allows users to discover, purchase and manage some of their favorite subscriptions across entertainment, audio, gaming, fitness, lifestyle and more - ALL in one place. +play builds on the content Verizon already offers through leading providers including Disney+, Hulu, ESPN+, discovery+ and AMC+, all of whom are featured in the new service, and introduces new partners, including Netflix, Peloton, Live Nation's Veeps, WW International, Inc., A+E Networks, The Athletic, Calm, Duolingo, and TelevisaUnivision's Vix+, among many others. Limited trials of +play will begin at the end of this month with an expected commercial launch later this year. Verizon expects the product to generate significant new revenues from subscription purchases, increase customer loyalty and improve its market-leading retention rates.
HII

Hot Stocks

12:03 EST HII completes first COCO air combat training mission with Air Force in Europe - HII said it has successfully completed the first contractor-owned, contractor-operated air combat training mission with the U.S. Air Force in Europe. This training represents a milestone for contracted adversary air training outside the United States and enhances the training readiness for U.S. Air Forces in Europe/Air Forces Africa. The air combat training program enables U.S. Air Forces in Europe to evaluate training effectiveness, suitability and interoperability of contractor-operated air training for U.S. forces in the European theater, HII said.
VZ

Hot Stocks

12:02 EST Verizon expects 175M people to be covered with 5G Ultra Wideband by year-end - Verizon Communications announced an acceleration in availability of 5G Ultra Wideband network to an expected 175 million people by year-end 2022. The company said, "This new fast tracked timeline is made possible by the incredible pace of deployment achieved by Verizon's network engineering team. At the company's Investor Day 2022, the leadership team outlined its vision and strategy, powered by its leading 5G network and the source for the company's growth over the next several years. As the world continues to transition to a more hybrid work environment and is increasingly mobile, the new currency will be ultra-fast, ultra-reliable connectivity, creating new markets and ushering in the 5G economy. The company's Network-as-a-Service strategy was built to drive the 5G economy through an ever-expanding volume of services and technologies that are enabled by 5G Ultra Wideband's capacity to connect to a massive number of devices at high speed. The company outlined multiple paths to growth: 5G Mobility, Nationwide Broadband, Mobile Edge Compute and business solutions, the Value Market and Network Monetization, stating expectations that it will drive 4 percent service and other revenue growth for the company in 2024 and beyond."
MSI

Hot Stocks

12:01 EST Motorola Solutions announces acquisition of Ava Security Limited - Motorola Solutions announced it has acquired Ava Security Limited, a provider of cloud-native video security and analytics, based in London, U.K. "Ava Security's scalable, secure and flexible cloud solution provides enterprises with real-time visibility and powerful analytics to optimize their operations and detect anomalies and threats. The platform offers organizations the benefit of an enterprise-grade video security solution while minimizing the physical footprint of their security infrastructure," the company stated. Terms of the transaction were not disclosed.
VEEV

Hot Stocks

12:00 EST Veeva falls -17.2% - Veeva is down -17.2%, or -$39.77 to $190.85.
WEAV

Hot Stocks

12:00 EST Weave Communications falls -19.2% - Weave Communications is down -19.2%, or -$1.79 to $7.54.
RSI

Hot Stocks

12:00 EST Rush Street Interactive falls -21.3% - Rush Street Interactive is down -21.3%, or -$2.16 to $8.00.
CDR

Hot Stocks

12:00 EST Cedar Realty Trust rises 15.1% - Cedar Realty Trust is up 15.1%, or $3.75 to $28.63.
PSTG

Hot Stocks

12:00 EST Pure Storage rises 17.1% - Pure Storage is up 17.1%, or $4.54 to $31.04.
ULTR

Hot Stocks

12:00 EST Ultrapetrol rises 97300.0% - Ultrapetrol is up 97300.0%, or $48.65 to $48.70.
OTGLY

Hot Stocks

11:38 EST CD Projekt halts all sales of its games to Russia, Belarus - Poland-based CD Projekt, the game publisher behind "Cyberpunk 2077" and the "Witcher" titles, said it has decided to halt all sales of its games to Russia and Belarus in light of the Russian military invasion of Ukraine. "Today, we begin working with our partners to suspend digital sales and cease physical stock deliveries of CD PROJEKT Group products, as well as all games distributed on the GOG platform, to the territories of Russia and Belarus," the company said. Reference Link
CURR

Hot Stocks

11:21 EST CURE, Milagro collaborate for approval to sell sildenafil in Mexico - Cure Pharmaceutical and Milagro Pharmaceuticals announced their collaboration to register and sell in Mexico a number of CURE's OTC and medical compounds that utilize CUREform, CURE's patented drug delivery platform for oral thin film. Cure is in discussions with several large distributors in Mexico and Latin America. OTF products that will be marketed and sold in Mexico via key distribution partners, include: CUREfilm Blue - an oral soluble form of sildenafil citrate for the treatment of erectile dysfunction. Vitamin D3 - that provides a convenient, weekly 40,000 IU dose of Vitamin D. An electrolyte energy boost - that provides a healthier, sugar-free alternative to energy drinks. Sleep - a dose of melatonin that dissolves on the tongue so it can be taken even after you climb into bed.
ACN

Hot Stocks

11:18 EST Accenture to discontinue business in Russia - The company said, "Accenture stands with the people of Ukraine and the governments, companies and individuals around the world calling for the immediate end to the unlawful and horrific attack on the people of Ukraine and their freedom. Therefore, Accenture is discontinuing our business in Russia. We thank our nearly 2,300 colleagues in Russia for their dedication and service to Accenture over the years. We will be providing support to our Russian colleagues. While Accenture does not have a business in Ukraine, we will continue our efforts to help our Ukrainian colleagues working around the globe at Accenture and their extended families; we are providing telehealth for those in Ukraine, and helping resettle family members who leave Ukraine."
NYMX

Hot Stocks

11:01 EST Nymox announces submission of NDA for Fexapotide Triflutate to FDA - Nymox Pharmaceutical announced that it has submitted the company's New Drug Application to the FDA for Fexapotide Triflutate to seek marketing approval in the U.S. for Fexapotide Triflutate for the treatment of men with benign prostatic hyperplasia. The submission of the application does not involve any guarantees or forward looking statements regarding outcomes of the submission. The company will continue to make updates on all material and required developments with the application, and in accordance with prior statements provided in the company's regular SEC filings. Nymox said it intends to submit applications in other major markets in the near term and will provide updates at the appropriate times in due course.
WWE

Hot Stocks

10:50 EST WWE shuts down WWE Network in Russia, terminates broadcast partnership - WWE released the following statement: "WWE has terminated its partnership with Russian broadcaster Match and shut down WWE Network in Russia effective immediately. The move eliminates access in Russia to any WWE programming, including the company's weekly Raw, SmackDown and NXT shows, its on-demand library, and all of its premium live events, including WrestleMania 38."
HON

Hot Stocks

10:38 EST Honeywell plans to deploy at least $25B in capital over next 3 years
HON

Hot Stocks

10:37 EST Honeywell sees repurchasing at least $4B of shares in 2022
HON

Hot Stocks

10:37 EST Honeywell targeting 4%-7% of long-term organic sales growth - Comments taken from Honeywell's Investor Day conference call.
MT

Hot Stocks

10:31 EST ArcelorMittal halts production at Ukrainian steelmaking operations - ArcelorMittal confirms that it has taken the decision to idle its steelmaking operations in Kryvyi Rih, Ukraine in order to ensure the safety and security of our people and assets. The company has been evaluating the situation on a daily basis and production had previously been reduced with the plant operating at a technical minimum, it said in a statement. The company added: "The process to idle all blast furnaces has commenced today. The process to safely idle these assets while maintaining asset integrity will take between seven and ten days. ArcelorMittal is deeply concerned about the situation in Ukraine and the threat to our employees and the entire Ukrainian population."
AMRC

Hot Stocks

10:26 EST Ameresco announces partnership with HGACEnergy - Ameresco announced its partnership with HGACEnergy, an energy purchasing cooperative in Texas, as its sole provider of electricity procurement and advisory services.
DKNG GNOG

Hot Stocks

10:16 EST DraftKings raises long-term adjusted EBITDA outlook to $2.1B before deal synergy - DraftKings (DKNG) hosted a virtual Investor Day that began at 9:00 a.m. EST, at which the company presented and distributed to the investment community a slide presentation that stated in part that the company is increasing its long-term adjusted EBITDA estimate to $2.1B before Golden Nugget Online (GNOG) synergies, Marketplace, Media and any other new initiatives. The company's slide said the total addressable market, or TAM, is "larger than we thought" for both online sports betting, or OSB, and iGaming and DraftKings is increasing its total North America TAM estimate to $80B from $67B. The company adds in the slides that its new verticals are off to a "strong initial start" and it expects them to be contribution profit positive in FY22, "validating our thesis of LTV/CAC flywheel." Reference Link
CORZ

Hot Stocks

10:15 EST Culper Research short Core Scientific on 'rigged deals,' oversold businesses - In a recently published report titled "Core Scientific, Inc. (CORZ): Rigged Deals," Culper Research says it is "short Core, as we think Core has wildly oversold both its mining and hosting businesses, which it cobbled together in a series of questionable transactions before dumping onto the public markets via SPAC. Core's acquired mining business, Blockcap, was formed in December 2020 with just $58.5 million, then flipped to Core for just 7 months later for $1.46 billion in connection with Core's go-public. We estimate Blockcap insiders made 20-25x their money. On Monday, Core disclosed that its board waived the 180- day lockup on over 282 million shares, making them free to be dumped just 5 trading days from today. We believe this shows insiders have abandoned any pretense of care for minority shareholders." "We think Core is no exception to what's become a steady drumbeat of egregious projections made by many SPACs. We think both Core's hosting business and its self-mining business have been wildly overhyped, and it's no wonder that insiders can't even wait 6 months to clamor for the exits," the report reads. "We also think Core has wildly overhyped the profitability of its self-mining business, where we estimate all-in breakeven costs of $41,723 per BTC vs. the Company's SPAC claims of $2,700 just in power costs per BTC. As such, we see Core as effectively using public markets to throw good money after bad while insiders set themselves up to dump billions worth of stock." In Thursday morning trading, shares of Core Scientific have dropped almost 3% to $7.50. Reference Link
CONE

Hot Stocks

10:04 EST CyrusOne closes Houson asset divestiture - CyrusOne announced that it has closed the previously announced sale of its four Houston data center assets to DataBank Holdings Ltd. Additionally, CyrusOne will lease the Houston West III shell to support a lease signed with a hyperscale customer. Total consideration for the transaction is approximately $670M, subject to a net working capital adjustment. "We are excited to close this transaction as we execute on our capital recycling initiative to fund our continued growth," said David Ferdman, Interim President & CEO. "We are pleased to partner with the DataBank team, and this divestiture further optimizes our portfolio as we redeploy capital into accretive developments across core markets." DH Capital, LLC and DLA Piper LLP served as CyrusOne's exclusive financial and legal advisors, respectively, on the transaction.
AIKI

Hot Stocks

10:04 EST AIkido Pharma reports improved manufacturing process, U.S. patent - AIkido Pharma reported an improvement in the manufacturing process for its pancreatic cancer drug, DHA-dFdC, licensed from the University of Texas at Austin. The Company also reported the issuance of an additional U.S. patent covering the drug, and the filing of a continuation patent application intended to expand patent coverage to other facets of the drug. With respect to manufacturing process, the Company reported the successful development of a new means for the scaled production and isolation of the key intermediate compound in the manufacture of DH-dFdC. The Company has now executed a further contract with its contract manufacturing organization, Parimer Scientific, to employ the new process to produce several thousand milligrams of the drug for use in formulation development and stability studies. The Company also reported that the U.S. Patent Office recently issued new U.S. Patent No. 11,219,633, which provides additional intellectual property protection for the drug compound. The term of the patent is expected to continue until May of 2035 with the payment of required maintenance fees. Prior to the patent issuance, the Company authorized the timely filing of a patent continuation application, U.S. Serial No. 17/539,682, in which additional claims related to various aspects of the drug and formulation will be pursued.
UAL

Hot Stocks

10:03 EST United Airlines introduces 'Bag Drop Shortcut' service - United introduces bag drop shortcut, a new, simple way for customers to skip the line, check their bag in a minute or less on average, and get to their flight. According to recent customer surveys, the bag check process can be one of the more stressful and time-consuming parts of the travel experience and United is the first airline to streamline the process in this way.
VEEV

Hot Stocks

10:00 EST Veeva falls -17.1% - Veeva is down -17.1%, or -$39.46 to $191.16.
RSI

Hot Stocks

10:00 EST Rush Street Interactive falls -21.2% - Rush Street Interactive is down -21.2%, or -$2.15 to $8.01.
WEAV

Hot Stocks

10:00 EST Weave Communications falls -23.9% - Weave Communications is down -23.9%, or -$2.23 to $7.10.
CDR

Hot Stocks

10:00 EST Cedar Realty Trust rises 14.5% - Cedar Realty Trust is up 14.5%, or $3.62 to $28.50.
PSTG

Hot Stocks

10:00 EST Pure Storage rises 17.5% - Pure Storage is up 17.5%, or $4.62 to $31.12.
ULTR

Hot Stocks

10:00 EST Ultrapetrol rises 97300.0% - Ultrapetrol is up 97300.0%, or $48.65 to $48.70.
VEEV

Hot Stocks

09:47 EST Veeva falls -14.7% - Veeva is down -14.7%, or -$33.80 to $196.82.
RSI

Hot Stocks

09:47 EST Rush Street Interactive falls -15.6% - Rush Street Interactive is down -15.6%, or -$1.58 to $8.57.
WEAV

Hot Stocks

09:47 EST Weave Communications falls -31.2% - Weave Communications is down -31.2%, or -$2.91 to $6.42.
CDR

Hot Stocks

09:47 EST Cedar Realty Trust rises 14.8% - Cedar Realty Trust is up 14.8%, or $3.67 to $28.55.
IOT

Hot Stocks

09:47 EST Samsara rises 17.1% - Samsara is up 17.1%, or $2.83 to $19.39.
ULTR

Hot Stocks

09:47 EST Ultrapetrol rises 97300.0% - Ultrapetrol is up 97300.0%, or $48.65 to $48.70.
RIVN

Hot Stocks

09:42 EST Rivian: Original configured prices will be honored for preorders as of March 1 - Rivian CEO RJ Scaringe released a letter regarding pricing updates: The letter read in part, "Earlier this week, we announced pricing increases that broke the trust we have worked to build with you. Since originally setting our pricing structure, and most especially in recent months, a lot has changed. The costs of the components and materials that go into building our vehicles have risen considerably. Everything from semiconductors to sheet metal to seats has become more expensive and with this we have seen average new vehicle pricing across the U.S. rise more than 30% since 2018. Given our build lead up times, we need to plan production costs not only for today, but also for the future. As we worked to update pricing to reflect these cost increases, we wrongly decided to make these changes apply to all future deliveries, including pre-existing configured preorders. We failed to appreciate how you viewed your configuration as price locked, and we wrongly assumed the announced Dual-Motor and Standard battery pack would provide configurations that would deliver price points similar to your original configuration. While this was the logic, it was wrong and we broke your trust in Rivian. We also didn't manage communications well. We didn't give you enough insight into what was driving these decisions. The most important aspect of what we are building is our relationship with all of you. As we demonstrated earlier this week, trust is hard to build and easy to break. In speaking with many of you over the last two days, I fully realize and acknowledge how upset many of you felt. I have made a lot of mistakes since starting Rivian more than 12 years ago, but this one has been the most painful. I am truly sorry and committed to rebuilding your trust. One of the things we talk about a lot internally is that we will make mistakes - it's part of building something complex. The key is to learn from them and address them when they are made. It is how we grow. We made a mistake in how we approached our pricing changes, and what is important now is that we fix it. For anyone with a Rivian preorder as of the March 1 pricing announcement, your original configured price will be honored. If you canceled your preorder on or after March 1 and would like to reinstate it, we will restore your original configuration, pricing and delivery timing. Our team will be sending an email in the next few days with more details. Regarding our updated pricing for future preorders, the introduction of our Dual-Motor configuration and Standard battery pack has been designed to enable us to maintain lower starting prices while adjusting the pricing of the Quad-Motor and larger battery packs to reflect rising costs. Building a durable business is core to the continued impact we can deliver as a company. We are focused on building a brand and products that will continue to scale to different vehicle sizes, use cases, price points and markets - this growth will only be possible with your support and continued feedback."
CCMP ENTG

Hot Stocks

09:40 EST CMC Materials shareholders approve merger with Entegris - CMC Materials (CCMP) announced that at a special meeting, its stockholders voted to approve the previously announced merger agreement, under which Entegris (ENTG) will acquire CMC Materials in a cash and stock transaction with an enterprise value of approximately $6.5B at announcement.
CRTO

Hot Stocks

09:39 EST Criteo unable to anticipate closing of IPONWEB deal due to Russian invasion - In a regulatory filing, Criteo stated: "In connection with the Russian Federation's appalling armed invasion of Ukraine, a number of jurisdictions, including the United States, the United Kingdom, and the European Union have adopted laws and regulations restricting certain economic activities and transactions, and in retaliation the Russian Federation has adopted laws and regulations restricting certain economic activities and transactions. In light of these actions, certain of the conditions to closing under the Framework Purchase Agreement, dated December 22, 2021, providing for Criteo's acquisition of the business of IPONWEB Holding Limited have not been satisfied, and Criteo is unable to anticipate when or if such conditions will be satisfied. Criteo remains committed to its commerce media strategy and focused on executing against its vision."
YCBD

Hot Stocks

09:34 EST cbdMD announces expansion in product offerings at GNC - cbdMD has announced an expansion in product offerings online and in over 840 retail GNC Holdings stores nationwide. "cbdMD first partnered with GNC in August 2020, and included a roll-out of three topical SKUs at under 100 retail stores nationwide. Due to consumer receptivity and overall purchasing performance, cbdMD is adding an additional 11 SKUs, available online and at over 840 retail stores across the country. The expansion of product offerings includes a variety of ingestibles: functional CBD gummies, sleep aids, softgels and tinctures. Topical products will continue to be available for purchase both online and in-store. Along with the product and store expansion, cbdMD acquires a more visible footprint at both online and retail store locations, positioning products alongside other daily health and wellness options for consumer consideration," the company stated in a press release.
INFN

Hot Stocks

09:33 EST Windstream Wholesale partners with Infinera for optical infrastructure - Windstream Wholesale, a leading provider of advanced network solutions, and Infinera announced plans to collaborate on an initiative to transform Windstream's optical network infrastructure. The modernized network will enable Windstream to offer innovative new connectivity services optimized to seamlessly support the hyperscale capacity growth of its customers. As part of Windstream's Intelligent Converged Optical Network initiative, this collaboration will leverage pioneering optical networking technologies to provide a new level of control, visibility, and automation to Windstream's optical network.
INKT

Hot Stocks

09:29 EST MiNK Therapeutics announces patients dosed with AgenT-797 iNKT cell therapy - MiNK Therapeutics announced that it has begun dosing patients with solid tumor cancers with AgenT-797 alone and in combination with approved anti-PD-1 checkpoint inhibitors in a Phase 1 open-label clinical trial. In the ongoing clinical trials, it has been demonstrated that AgenT-797 can be administered tolerably in up to 1 billion cells per dose without lymphodepletion, with no evidence of cytokine release syndrome or neurotoxicity. Pre-clinical data has demonstrated the persistence, trafficking, and anti-cancer activity of AgenT-797, in both solid and liquid cancers. This phase 1, open-label study is evaluating the safety, tolerability, and preliminary clinical activity of AgenT-797, an unmodified, allogeneic iNKT cell therapy, alone and in combination with approved immune checkpoint inhibitors in patients with relapsed/refractory solid tumors.
MRNA

Hot Stocks

09:29 EST Moderna to establish hub in Atlanta - Moderna announced plans to establish an Enterprise Solutions Hub in Atlanta, Georgia. Moderna's Atlanta office will initially host finance, human resources, procurement, and digital functions. Moderna in Atlanta will provide enterprise solutions, similar to its counterpart in Warsaw, Poland, which was established in May 2021. Moderna's Hub in Atlanta will initially focus on delivering finance, human resources, procurement and digital solutions. Moderna will continue to identify opportunities to host additional functions and business services out of the hub as the Company grows and operations mature. Moderna is expecting to hire approximately 150-200 full time employees in the Atlanta Hub over the next two years.
WTER

Hot Stocks

09:26 EST Alkaline Water teams with Columbia Distributing to sell Alkaline88 in Pacific NW - The Alkaline Water Company and the Clean Beverage company, announced that it has partnered with Columbia Distributing to market, sell, and distribute Alkaline88 to convenience stores and other retailers throughout Washington, Oregon, and Idaho. "Alkaline88 is proud to partner with Columbia Distributing and we look forward to a long and prosperous relationship," said Ricky Wright, President and CEO of The Alkaline Water Company. "Columbia is the premier Direct-Store-Delivery, DSD, in the Northwest and services 20,000 accounts throughout Washington, Oregon, California, and Idaho. This agreement will be key to gaining market share in the great Northwest. Our recent success with other DSD partners in Arizona and Nevada showed us the importance of the DSD model in certain channels and markets. The timing also couldn't be better as we will be opening a new copacker in the Northwest some time in the first quarter. This plant will help us meet the increased regional demand that we expect from our DSD rollout. We look forward to serving our Deliciously Smooth(TM) Alkaline88 to millions of new health-conscious consumers in the Northwest."
MRNA

Hot Stocks

09:26 EST Moderna establishes Enterprise Solutions Hub in Georgia - Moderna announced plans to establish an Enterprise Solutions Hub in Atlanta, Georgia. Moderna's Atlanta office will initially host finance, human resources, procurement, and digital functions. Moderna in Atlanta will provide enterprise solutions, similar to its counterpart in Warsaw, Poland, which was established in May 2021. Moderna's Hub in Atlanta will initially focus on delivering finance, human resources, procurement and digital solutions. Moderna will continue to identify opportunities to host additional functions and business services out of the hub as the Company grows and operations mature. Moderna is expecting to hire approximately 150-200 full time employees in the Atlanta Hub over the next two years. Following recently announced expansions, Moderna expects to have commercial subsidiaries in 21 countries globally this year, including additional subsidiaries in the Asia-Pacific region and Europe. Moderna plans to begin operations in Atlanta in the second quarter of 2022.
VZ

Hot Stocks

09:23 EST Verizon CEO sees 4% revenue growth starting in 2024
VZ

Hot Stocks

09:23 EST Verizon CEO sees 5G sales opportunity of $120B over next 5 years - Comments taken from Verizon's Investor Day presentation.
ETWO

Hot Stocks

09:22 EST E2open acquires e-commerce shipping firm Logistyx for $185M - E2open Parent Holdings has acquired Logistyx Technologies, global parcel and e-commerce shipping and fulfillment technology. company With the combination, E2open enhances its global footprint for multi-carrier e-commerce shipment management, offering companies a complete range of shipping capabilities needed to scale and respond to growing market needs. "The Logistyx team is thrilled to combine with E2open to enable more companies to ship smarter and benefit from the largest supply chain platform and network available," said Geoffrey Finlay, chief executive officer at Logistyx. "We provide our customers, which include top retailers, manufacturers and logistics providers, the automation, visibility and flexibility needed to simplify global fulfillment and compete in an omnichannel world - all within a one-stop, connected platform." The Logistyx combination with E2open accelerates subscription revenue growth and unlocks strategic benefits for clients, including: Increased reach as a global leader in transportation management for parcel shipping: Logistyx's global parcel system augments E2open's direct-to-consumer e-commerce offerings, creating a complete global footprint for multi-carrier parcel management. E2open acquired Logistyx Technologies for a total purchase price of $185M including $90M paid in cash at closing and the remaining balance to be paid in two additional installments at 90 days and 180 days post-closing. E2open has the option to finance the remaining payments through cash or a combination of cash and E2open stock issued to sellers, at the company's discretion.
EZPW

Hot Stocks

09:19 EST Ezcorp appoints Lachlan Given as CEO, John Blair as CEO - Ezcorp announced a realignment of its senior leadership. Lachlan Given has been appointed CEO, and John Blair Powell, has been appointed COO. Given will also join Ezcorp's board of directors. Given and Powell had been serving as co-interim CEOs since January 12. The board of directors approved the realignment to leverage and capitalize on their respective capabilities and experience. As CEO, Given will be responsible for the company's overall executive leadership and strategic direction, while Powell, as COO, will continue to focus on driving the operating performance of the business across all geographies, including stores and digital initiatives.
HLTH

Hot Stocks

09:19 EST Cue Health expands collaboration with UPMC Children's Community Pediatrics - Cue Health is further collaborating with the University of Pittsburgh Medical Center Children's Community Pediatrics - UPMC CCP -, part of UPMC Children's Hospital of Pittsburgh, Pennsylvania. Cue will expand its distribution of Cue's Health Monitoring Systems and Cue COVID-19 tests to additional pediatric clinics to support testing for even more patients, physicians, nurses, and staff. With over 55 locations and more than 250 pediatric providers throughout western and central Pennsylvania, UPMC CCP offers standard well and sick care, as well as a variety of specialty services. With this expansion, Cue's tests will be integrated in several clinics as part of UPMC CCP's care and treatment.
MTTR

Hot Stocks

09:18 EST CAPTUR3D adds Sketchfab integration with Matterport Digital Twins - Matterport announced that CAPTUR3D has integrated with Sketchfab, allowing users to import three-dimensional Sketchfab digital objects into their Matterport digital twins. Sketchfab, which was acquired by Epic Games in 2021, and their community of creators who have published millions of models, is the largest platform for immersive and interactive 3D. Through the integration, Matterport is combining the largest platform for digital twins with the largest platform for 3D models.
INBX

Hot Stocks

09:17 EST Inhibrx's INBRX-101 granted FDA Orphan-Drug Designation - Inhibrx announced that the FDA has granted orphan-drug designation for INBRX-101 for the treatment of alpha-1 antitrypsin deficiency, or AATD. Alpha-1 antitrypsin deficiency, or AATD, is an inherited orphan disease affecting an estimated 100,000 patients in the United States. AATD is characterized by deficient levels of the AAT protein, which causes loss of lung tissue and function and decreased life expectancy. INBRX-101 is a recombinant human AAT-Fc fusion protein designed to achieve and maintain levels of AAT found in healthy individuals with a favorable safety profile and the potential for once-monthly dosing. Data from the first multiple ascending dose cohort of INBRX-101 at 40 mg/kg IV every three weeks showed the expected accumulation of functional AAT levels with observed trough levels exceeding the goal of the current standard augmentation therapy with plasma-derived AAT. Interim safety data from 24 patients with AATD showed no drug-related severe or serious adverse events. Drug-related adverse events were predominantly mild with a few moderate events, and all were transient and reversible. No signs of neutralizing anti-drug antibodies have been observed.
DSX

Hot Stocks

09:17 EST Diana Shipping announces direct continuation of time charter contract - Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Cargill International S.A., Geneva, for one of its Capesize dry bulk vessels, the m/v Santa Barbara. The gross charter rate is US$29,500 per day, minus a 4.75% commission paid to third parties, for a period until minimum May 10, 2023 up to maximum July 10, 2023. The new charter period is expected to commence on March 15, 2022. The m/v Santa Barbara is currently chartered, as previously announced, at a gross charter rate of US$17,250 per day, minus a 4.75% commission paid to third parties. The "Santa Barbara" is a 179,426 dwt Capesize dry bulk vessel built in 2015. The employment of "Santa Barbara" is anticipated to generate approximately US$12.24 million of gross revenue for the minimum scheduled period of the new time charter.
OGEN

Hot Stocks

09:17 EST Oragenics posts SARS-CoV2 vaccine data in bioRxiv - Oragenics announced the posting of a preprint manuscript in bioRxiv. The manuscript, co-authored by Oragenics and its collaborators at Inspirevax and the National Research Council of Canada Human Health Research Centre, is titled "Intranasal Immunization with a Proteosome-Adjuvanted SARS-CoV2 Spike Protein-Based Vaccine is Immunogenic and Efficacious in Mice & Hamsters." The studies described in the manuscript evaluated a novel spike protein subunit vaccine formulation, NT-CoV2-1, containing a proteosome-based mucosal adjuvant designed for intranasal immunization. The studies concluded that intranasal formulation induced robust antigen-specific IgG and IgA titers in the blood and lungs of mice. In addition, the formulation was highly efficacious in a hamster challenge model, reducing the viral load below the limit of detection of the assay. In both mice and hamsters, the antibodies had strong neutralizing activity, preventing the cellular binding of the viral spike protein based on the ancestral reference strain and variants of concern. The studies concluded that this intranasal vaccine formulation warrants further development as a novel SARS-CoV-2 vaccine.
EZFL

Hot Stocks

09:17 EST EzFill to acquire Full Service Fueling assets, terms not disclosed - EzFill Holdings announced that it has signed an agreement to acquire the assets of mobile fuel delivery service Full Service Fueling in West Palm Beach, Florida. Following the acquisition, EzFill will be poised to expand its operations beyond the Miami area to cities throughout Florida, beginning with Tampa and West Palm Beach in March, followed by additional markets over the next few months. Since completing its IPO in September, EzFill has been using the net proceeds in part to gain additional market share in Florida, as well as other targeted U.S. markets. The Company recently announced the purchase of 33 additional fuel trucks, more than tripling the size of its delivery fleet, to support these expansion efforts. Upon closing, EzFill will acquire the trucks, customers, and other assets of FULL, an affiliate of Palmdale Oil Company. In connection with the purchase of the assets, EzFill will execute an operating and supply agreement with Palmdale, one of the largest wholesale suppliers in the State of Florida. Palmdale will serve as one of the main fuel suppliers for EzFill throughout Florida, with preferred pricing on all fuel purchases. Palmdale will also provide EzFill with access to vehicle parking at their locations throughout the state. The closing of the acquisition is subject to customary closing conditions.
PTON

Hot Stocks

09:10 EST Peloton's former CEO John Foley sells 1.92M shares for abotu $50M - Peloton co-founder and former CEO John Foley has sold about $50M in stock to an investment firm backed by Michael Dell, MSD Partners, according to a securities filing. The sale involved about 1.92M shares, the Wednesday filing said.
ICE

Hot Stocks

09:09 EST ICE announces 'record growth in RINs, reflecting biofuel use in road transport - Intercontinental Exchange announced rapid growth in its U.S. Renewable Identification Numbers, RINs, and European Biofuels derivatives, reflecting the increasing use of biofuels by the road transportation sector to reduce emissions. RINs are credits which track the compliance of biofuels in the U.S. Environmental Protection Agency's, EPA, Renewable Fuel Standard, RFS, program to meet biofuel blending targets in gasoline and diesel. RINs are generated by renewable fuel producers for compliance purposes and traded in secondary markets. RINs are critical to the margin calculations of refiners, as well as importers and exporters of gasoline and diesel, and ICE offers cash settled RINs futures, including the D6 and D4 RINs, OPIS to hedge risk in ethanol and biodiesel RINs. "The EPA's Renewable Fuel Standard aims to reduce emissions from road transportation by mandating renewable fuel levels," said Jeff Barbuto, Global Head of Oil Markets at ICE. "As RIN prices have increased, compliance with the RFS has become more expensive. Volume and open interest are building as the market recognizes it can manage RIN price exposure through RIN futures."
CLSK

Hot Stocks

09:08 EST CleanSpark announces 276 bitcoin produced in February - CleanSpark released its unaudited bitcoin production and operations update for the calendar year-to-date ending February 28, 2022. Bitcoin Production & Operations Update, unaudited: February monthly production: 276 ; Calendar year-to-date production ending February 28: 581 ; Total BTC holdings as of February 28: 494 ; Total BTC converted for operations and growth in February: 253 ; Currently deployed fleet of over 22,000 latest-generation bitcoin miners with a total hashrate of 2.2 EH/s. The Company fully funded growth and operations through the sale of 253 bitcoins in February 2022 at an average of approximately $39,740 per BTC. Sales of BTC equated to proceeds of approximately $10.1 million, most of which was used for growth capital expenditures at the company's Norcross facility. February daily BTC production reached a high of 10.15.
NWVCF

Hot Stocks

09:08 EST EnWave sells second 10 kW REV machine to Nomad Nutrition - EnWave Corporation announced that it has received a second purchase order for a 10kW Radiant Energy Vacuum machine from Nomad Nutrition to double Nomad's commercial production capacity for Ready-to-Eat adventure meals. Nomad previously signed a royalty-bearing commercial license agreement with EnWave in 2018, and this second purchase order is a result of Nomad's growth in sales and product distribution. Nomad's lineup of healthy Ready-to-Eat meals are distributed in select retailers in Canada and the US, including Atmosphere, IGA, MEC, REI and Sport Chek.
CVU RTX

Hot Stocks

09:07 EST CPI Aerostructures receives $4M contract from Collins Aerospace - CPI Aerostructures (CVU) announced that Collins Aerospace, a unit of Raytheon Technologies (RTX), has awarded CPI Aero a purchase order to manufacture the Tactical Synthetic Aperture Radar, TacSAR, intelligence, surveillance and reconnaissance, ISR, system. Under a previous contract with Collins, CPI Aero used Collins' design to create fabrication drawings, assembly drawings, parts lists, interface drawings, tooling drawings and other documentation sufficient for the manufacture of the complete TacSAR pod. Under this new contract, CPI will complete non-recurring engineering and tool development and build one prototype pod that Collins will use to complete required test and evaluation of the TacSAR system. In service, Collins intends for the TacSAR system to complement another Collins reconnaissance system, the DB/MS-110, to provide all-weather ISR capability to allied foreign militaries. CPI Aero is a manufacturer of the DB/MS-110 pod for Collins and the TacSAR and DB/MS-110 pods share common structural components.
EDRY

Hot Stocks

09:07 EST EuroDry announces new charter for M/V Molyvos Luck - EuroDry announced a new charter for its drybulk vessel M/V "Molyvos Luck". Specifically: M/V "Molyvos Luck", a 57,924 dwt vessel built in 2014, entered into a new time charter contract for a period of between a minimum of eleven and a maximum of thirteen months at the option of the charterer, at a daily rate of $25,750. The new rate will commence upon completion of the existing charter, estimated in early May 2022.
KLIC

Hot Stocks

09:07 EST Kulicke & Soffa increases share repurchase authorization by $400M - Kulicke and Soffa increased its current share repurchase program by an additional $400M to $800M and extended its duration by three years. With this increase and extension, the current repurchase program has a remaining $492.2M authorization available and will expire on August 1, 2025. Cumulatively, since August 27, 2014 through March 2, 2022, $407.8M has been deployed to repurchase an aggregate of 20.6 million shares under the current and prior repurchase authorizations. Kulicke & Soffa ended its Q1 on January 1, 2022 with approximately 63.3 million diluted shares outstanding.
MRVL

Hot Stocks

09:06 EST Marvell begins volume shipments of Spica 800G PAM4 DSP platform - Marvell announced that it has begun volume shipments of its Spica 800G PAM4 DSP platform for optical interconnects. As the first PAM4 DSP supplier to achieve this production milestone, Marvell is enabling customers to start commercial deployment of 800G optical modules in cloud data center and AI network applications. Spica is the industry's first 800Gbps PAM4 DSP to support 800G optical modules in QSFP-DD800 and OSFP form factors. The complete Spica 800G platform includes Marvell's proven, low-power PAM4 DSP technology as well as a selection of integrated laser drivers and TIAs.
GLXZ

Hot Stocks

09:06 EST Galaxy Gaming, Aruze Gaming partner to launch Bonus Craps - Galaxy Gaming and Aruze Gaming America, Inc. announced that Bonus Craps, is now available on the semi-autonomous craps game, Roll To Win Craps.
NVEI

Hot Stocks

09:04 EST Nuvei chosen by Scout Gaming as payment provider for US expansion - Nuvei announces that it has partnered with Scout Gaming, a provider of B2B fantasy sports and sports betting products. Nuvei will support Scout Gaming's expansion into the US market with an array of online payment options available on their fantasy sports app, FanTeam. FanTeam will have access to more than 500 payment methods in over 200 markets as well as Nuvei's industry-leading payment processing services in the US including card processing, account-to-account transfers, and instant payments for deposits and payouts. "Providing the best payment experience is at the heart of what Nuvei does," said Philip Fayer, Chair and CEO of Nuvei. "We are excited to support Scout Gaming to grow their player-base as they expand into the US through a best-in-class user experience." Collaborating with Scout Gaming will further solidify Nuvei as the leading payments partner for the fantasy sports and sports betting industries.
WKEY

Hot Stocks

09:04 EST WISeKey unveils first NFT from space - WISeKey International Holding unveiled at the Mobile World Congress, an industry first NFT from space featuring authenticated photography in cooperation with Brooke Shields, actor, model, entrepreneur and author. The secure WISe.Art NFT, powered by Casper blockchain, ensures the integrity of the NFT is protected. The minted NFT of an original photograph from Brooke Shield's personal collection, was sent by a WISeSat space satellite in orbit, following the successful launch and orbit deployment of several WISeSats on the SpaceX Transporter 3 Rideshare mission earlier this year.
ALE

Hot Stocks

09:03 EST Allete acquiring 100% interest in New Energy Equity - Allete has signed a definitive agreement to buy 100% of the membership interests in New Energy Equity. New Energy Equity, established in Annapolis, Maryland in 2013, is a distributed solar developer having completed more than 250 projects across the nation totaling more than 310 MW. As part of the transaction, New Energy Equity is acquiring 100% of the membership interests of Impact Power Solutions and Energy Support Services. Impact Power Solutions - IPS Solar -, founded in 1991 and located in Minneapolis, Minnesota, is a full-service clean energy development company. Energy Support Services is a wholly owned subsidiary which offers comprehensive solar operations, maintenance, and asset management services to its customers. New Energy Equity and Allete expect the purchase to close in mid-April upon satisfaction of customary closing conditions. New Energy Equity's entire team, including management and its Minnesota-based subsidiary, Impact Power Solutions, will remain in place, as will the company's Maryland headquarters and Boulder, Colorado office.
STXS

Hot Stocks

09:03 EST Stereotaxis anticipates revenue growth for 2022 - Stereotaxis anticipates revenue growth for the year driven by continued commercial adoption of the Genesis RMN system and stable recurring revenue. System revenue for the year will be primarily recognized in the second half of the year based on current customer schedules. Stereotaxis expects to modestly grow operating expenses with continued investment in key growth drivers, while maintaining a robust balance sheet that allows it to reach profitability without the need for additional financings. Stereotaxis is methodically establishing the product ecosystems that allow for significant future growth in electrophysiology and the broader field of endovascular surgery.
SISI

Hot Stocks

09:03 EST Shineco announces new website launch - Shineco announced the launch of its redesigned website at www.biosisi.com. The redesigned website reflects the recent developments in the Company's growth trajectory, as the Company has entered the life science industry. Jennifer Zhan, CEO of Shineco, commented, "We are pleased to launch this redesigned website as it provides visitors with Shineco's latest information and keeps them posted about our new developments. Our redesigned website is a significant step in introducing our business focus to our shareholders and the broader investor community since we have expanded the business into the life science industry as part of our growth strategy. We believe that the redesigned website will allow our visitors to have a pleasant user experience as we continue to grow our market presence."
MRVL

Hot Stocks

09:01 EST Marvell begins volume shipments of COLORZ II 400ZR modules - Marvell announced that it has begun volume shipments of the Marvell COLORZ II 400ZR module. COLORZ II is the industry's first QSFP-DD pluggable module enabling cloud operators to connect their data centers within a region, with high performance, low power, small form factor 400G coherent transceivers without the need for a separate transport box.
ITRI

Hot Stocks

08:47 EST Itron announces collaboration with Utilismart - Itron announced a collaboration with Utilismart Corporation, a provider of meter data management-driven analytics, to deliver end-to-end solutions to Canadian and U.S. electric utilities. Cooperative and municipal electric utilities can benefit from Utilismart's turn-key solution that consists of project management, cellular data and meter data reading services and secure customer web portals. The collaboration between Itron and Utilismart bridges the gap between Automated Meter Reading and Advanced Metering Infrastructure.
OUST

Hot Stocks

08:44 EST Ouster in strategic customer pact with Third Wave Automation - Ouster announced that it signed a strategic customer agreement with Third Wave Automation, "a provider of versatile and effective autonomous solutions for the material handling industry. The agreement includes a forecast for over five thousand OS sensors through 2025 to equip robotic material handling vehicles with 3D digital lidar, a key component of Third Wave's autonomous driving sensor suite.," said the company in a statement.
UAVS

Hot Stocks

08:44 EST Ageagle Aerial Systems CEO sends letter to shareholders - AgEagle Aerial Systems announced that the Company's Chairman and newly appointed Chief Executive Officer, Barrett Mooney, has published a formal letter to shareholders, providing his perspective on the Company's prevailing business operations and future growth strategies. Mooney stated: "It's a pleasure to be rejoining AgEagle as CEO at this pivotal stage of our Company... I want to be clear that we are not four separate companies operating in silos under a corporate umbrella. We are one company which operates as a global UAV company offering a valuable portfolio of high performance, industry trusted sensors, software and airframes... In the next several months, we plan to create three centers of excellence with respective expertise in software, sensors and airframes. Our centers of excellence will cross-pollinate ideas, industry insights and skillsets to generate intelligent autonomous solutions that fully leverage our expertise in robotics, automation and manufacturing... 2022 will be the year in which our results will be defined by organic growth through meaningful sales performance. In fact, this year is off to a very strong start. We have begun optimizing our global reseller network and direct-to-customer channels serving multiple verticals; there is robust global demand for our new panchromatic sensors introduced to market in late 2021; and we're making material headway with our push into the U.S. government sector... I look forward to hosting a quarterly update webcast and further addressing you all when we report our fourth quarter and full year 2021 results later this month. Thank you all for your continued support and I look forward to achieving measurable success in 2022 and beyond."
SRCO

Hot Stocks

08:42 EST Sparta Commercial Services launches crypto payment platform - Sparta Commercial Services announces the launch of SpartaPayIQ, a payment gateway that allows businesses to accept cryptocurrencies. The platform enables businesses to accept Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Dogecoin, and USDT as payment while settling in USD or EUR. Businesses also have the option to keep the cryptocurrency if they don't want to immediately convert it. SpartaPayIQ uses contactless, blockchain-based payment processing technology to instantly convert cryptocurrency payments to USD or other select fiat currencies. This mitigates exposure to market volatility by locking in an exchange rate for fifteen minutes after an invoice is created, guaranteeing that all parties are protected from unpredicted market swings. SpartaPayIQ establishes the Company's entry into the dynamic cryptocurrency space. Sparta plans to unveil another cryptocurrency product in the coming months and SpartaPayIQ will be an integral part of this new product. The platform will also be offered as a payment method on Sparta's other retail sites, including New World Health Brands CBD and Cyclechex.
TBK

Hot Stocks

08:41 EST TriumphPay announces next step for payments network for trucking - TriumphPay announced a significant milestone in the buildout of the transportation industry's first payments network, enabling seamless payment transactions for carriers, brokers, shippers and factors. In early January, the network demonstrated a successful beta phase where TriumphPay completed a series of conforming transactions between two TriumphPay-enabled payors and five fully TriumphPay-enabled payees.
IMXI

Hot Stocks

08:40 EST International Money Express launches digital money remittance app - International Money Express announced the launch of its new, world-class digital mobile money remittance app for both Apple and Android devices, providing customers with safe, easy-to-use features for remitting funds.
AIM

Hot Stocks

08:40 EST AIM ImmunoTech appoints Dickey IV as Chief Financial Officer - AIM ImmunoTech announced the appointment of Robert Dickey IV, as its Chief Financial Officer. Effective April 4, 2022, Dickey will become CFO and Ellen Lintal, who has served as the Company's Chief Financial Officer, will transition to serve as a finance and accounting consultant for AIM. Dickey has more than 25 years of experience of C-suite financial leadership for life science and medical device companies. Dickey currently serves as an advisor to life science companies through Foresite Advisors.
BLI

Hot Stocks

08:39 EST Berkeley Lights releases upgrade to Software Suite - Berkeley Lights released an upgrade to its Software Suite including enhancements to Cell Analysis Suite, Image Analyzer, and Assay Analyzer software for the Berkeley Lights Beacon and Lightning Systems. Existing and new features will deliver easier insights, faster throughput operations for antibody discovery, cell line development and cell therapy workflows.
VLCN

Hot Stocks

08:38 EST Volcon announces signing of 60th dealership - Volcon began collecting dealer applications in North America last year to showcase and sell its off-road vehicles. In just 160 days, 365 applications were submitted by interested dealerships across the country. The very strong initial response from dealers reinforces Volcon's anticipated demand for electric powersports in the market and the eagerness of consumers seeking a quality off-road vehicle that offers a deeper connection to their outdoor adventures and lifestyle. The newly assembled dealer development team at Volcon has officially signed 60 dealerships as of March 3, 2022, showing strength in the Company's ability to successfully execute and onboard dealers as they build out a robust group of early adopters. The Company anticipates that its list of dealers will continue to grow. Volcon continues to receive interest in electric-powered powersports products and expects to start delivering products to dealers in May 2022.
CTV

Hot Stocks

08:37 EST Innovid acquires TVSquared for $100M in cash, 12.5M in stock - Innovid has completed its previously announced acquisition of TVSquared, an independent global measurement and attribution platform for converged TV. "Combining Innovid's expansive ad serving footprint of more than 95 million connected homes, with TVSquared's TV measurement and attribution platform, inclusive of TV viewing and ad occurrence data across millions of households globally, creates an independent, single source of truth for advertisers," the company said. "We believe the combination of independent global ad serving and cross-platform measurement sits at the heart of solving TV measurement's biggest challenges," said Zvika Netter CEO and Co-founder, Innovid. "We've spent over a decade building foundational ad delivery and personalization technology to power TV across channels and devices. Now, together with TVSquared by Innovid, we provide advertisers a complete view of the total TV and digital universe through a scalable, currency-grade measurement platform." Under the terms of the agreement, Innovid acquired TVSquared for $100M in cash and 12.5M in Innovid stock.
CNSP

Hot Stocks

08:36 EST CNS Pharmaceuticals: Cash sufficient to fund operations into 1Q23 - As of December 31, 2021, the company had cash of approximately $5M and working capital of approximately $5.3M. In early January 2022, the company completed an offering of common stock and warrants for gross proceeds of $11.5M. "Our current expectation is that our cash on hand and the proceeds from the offering during January is sufficient to fund our operations into the first quarter of 2023. The timing and costs of clinical trials are difficult to predict and trial plans may change in response to evolving circumstances and as such the foregoing estimates may prove to be inaccurate."
SKYE

Hot Stocks

08:36 EST Skye Bioscience retains Novotech as CRO for Phase 1 trial of SBI-100 - Skye Bioscience has entered into an agreement with Novotech Health Holdings for its upcoming Phase 1 study in Australia of its SBI-100 drug candidate for the treatment of glaucoma. Novotech is an internationally recognized full-service biotech specialist CRO known for its experience across the Asia-Pacific region. Novotech will work alongside investigators of the planned study to support aspects of the clinical trial including feasibility assessments, ethics committee and regulatory submissions, data management, statistical analysis, medical monitoring, safety services, central lab services, reporting, and project and vendor management. SKYE is actively pursuing a product and clinical development plan with the intent to unlock the full potential of cannabinoids for glaucoma and diseases with significant unmet needs. The company expects to initiate its first-in-human Phase 1 study in Q2-22 with data to be reported in the second half of 2022. Additionally, the Company intends to initiate its proof-of-concept Phase 2 study before the end of the year and will continue to announce its initiatives as they unfold.
MDWD

Hot Stocks

08:36 EST MediWound announces pricing of public offering of 5.2M ordinary shares - MediWound announced the pricing of an underwritten public offering of 5,208,333 ordinary shares at a public offering price of $1.92 per share. The gross proceeds from the offering, before deducting underwriting discounts and commissions and offering expenses, are expected to be approximately $10 million. All of the shares in the offering are to be sold by MediWound. The offering is expected to close on or about March 7, 2022, subject to the satisfaction of customary closing conditions. MediWound also granted the underwriters a 30-day option to purchase up to an additional 781,249 ordinary shares at the public offering price, less underwriting discounts and commissions MediWound intends to use the net proceeds from the offering for working capital and other general corporate purposes.
YTEN

Hot Stocks

08:36 EST Yield10 Bioscience announces update on Camelina line E3902 program - Yield10 Bioscience announced an update on its Camelina line E3902 development program for the purpose of producing low-carbon feedstock oil for the renewable diesel market in the U.S. and Canada. In 2022, the Company plans to continue expanding Camelina line E3092 seed scale up activities, and to advance the field testing of multiple candidate herbicide tolerant Camelina E3902 lines progressing in the pipeline. The Camelina line E3902 has shown a consistent 5% increase in seed oil content as a percentage of seed weight over control plants. In conjunction with developing yield and oil content traits for Camelina, Yield10 is also deploying herbicide tolerance gene traits with a long history of safe use in North America to protect Camelina from weeds and build grower confidence in the crop. "We are focused on leveraging the very promising attributes of our Camelina line E3902 to produce low-carbon feedstock oil for the renewable diesel market," said Kristi Snell, Ph.D., Chief Science Officer of Yield10 Bioscience. "Camelina is an ideal crop for the large-scale production of feedstocks for renewable biodiesel. We are developing Camelina line E3902 as a spring variety as well as developing two winter varieties to enable production of low-carbon feedstock oil year-round in the U.S. and Canada."
GTEH

Hot Stocks

08:35 EST GenTech Fizzique reports February revenues of $103,786 - GenTech Holdings is pleased to report February performance data for the company's unique Carbonated Protein Water Drink, Fizzique. In its first month shipping product since acquiring the brand, the Company booked Fizzique sales in February in the United States, Canada, and Middle East. Sales extended across 10 states or territories and were centered primarily in 17 major US metropolitan areas, driven by two major international distributors, five primary regional distributors, and one primary vending service. In total, the Company sold 60,624 cans of Fizzique Inc. during February, resulting in total monthly revenues of $103,786, or an annualized pace of approximately $1.25 million. Leonard Armenta Jr., CEO of GenTech's operating subsidiaries, commented, "We have a large specialty e-retailer that had to reorder one week after their launch of Fizzique. We have Regional Distribution in the West Coast, Mid-West North, Mid-West South, and Texas. And we on-boarded two International Distributors. In other words, we are beginning to see the Fizzique Inc. brand lift off. In March, we are already courting two national distributors who cover 10,000+ stores, one with a verbal commitment already in place for 20,000+ cans as an original purchase order," continued Armenta. "We also secured our first C-Store distributor which services 600+ locations in the southern US. With the early success of our current customer base, we expect reorders throughout next month. February was solid. But it was only the tip of the iceberg now that things are really moving for Fizzique."
NWE

Hot Stocks

08:34 EST NorthWestern announces Net Zero by 2050 commitment - NorthWestern Corporation d/b/a NorthWestern Energy announces its goal to reach net zero carbon emissions by 2050. "With a foundation that now includes: a company-wide electric generation portfolio that provided approximately 56% of our customers' energy from carbon-free resources in 2021; investments in our natural gas system to reduce methane and carbon emissions; investments in a more efficient, reliable and flexible energy grid; and energy efficiency efforts to reduce customer demand, we believe Net Zero by 2050 is an achievable target," the company said. In the company's natural gas operation it is making investments and operational changes to reduce its methane emission 30% by 2030 from a 2020 base. New technologies and additional pipeline infrastructure investments will be used to achieve Net Zero by 2050. NorthWestern Energy's Net Zero by 2050 commitment is secured by: Existing and future enhancement of its energy efficiency programs and potential demand response options; Investments in a smarter, modernized power grid; Clean electrification of the transportation sector; Employee-initiated sustainable procurement and practice guidelines; Collaborating with communities and stakeholders on strategies for reaching the 2050 net zero emissions goal reliably, safely and affordably; and the conversion of 88,000 street and other lights to LEDs.
GFS MSFT

Hot Stocks

08:32 EST GlobalFoundries appoints Bobby Yerramilli-Rao to board of directors - GlobalFoundries (GFS) (GF) announced the appointment of Bobby Yerramilli-Rao as an independent director of the company's board of directors. Dr. Yerramilli-Rao is currently chief strategy officer and corporate vice president of corporate strategy at Microsoft (MSFT).
DCT

Hot Stocks

08:32 EST Duck Creek Technologies expands collaboration with CoreLogic - Duck Creek Technologies has expanded its collaboration with CoreLogic to help connect critical touchpoints for a seamless underwriting experience. Insurers use CoreLogic's highly accurate and comprehensive risk analytics solutions to help guide smart decision-making. The growing relationship enables customers to obtain a deeper level of business intelligence, one where decisions can be made in real-time.
SABR

Hot Stocks

08:31 EST Sabre terminates distribution agreement with Aeroflot - Sabre has terminated its distribution agreement with Aeroflot, the largest government-majority owned carrier in Russia. Sabre is taking immediate steps to remove Aeroflot flight content from its global distribution system, a marketplace used by travel agencies, travel websites and corporations around the world to shop, book and service flight reservations. The company will continue to monitor the ongoing situation and will evaluate whether additional actions would be appropriate, taking into account legal considerations and any counter measures that could be implemented in response. To help support humanitarian programs in the region, Sabre, which has approximately 1,500 team members in Poland, has donated $1M to the Polish Red Cross.
ALTO

Hot Stocks

08:31 EST Alto Ingredients receives additional medical, pharmaceutical certifiactions - Alto Ingredients announced its Pekin, Illinois facility is now ICH Q7 and EXCiPACT Good Manufacturing Practices, GMP, certified. ICH Q7 states that the Alto Ingredients' specialty alcohol is certified for use as an active pharmaceutical ingredient. EXCiPACT GMP certifies for the use of excipients in the pharmaceutical industry; excipients are the inactive components of a drug or medication, such as solvents, carriers or tinctures. Mike Kandris, Alto Ingredients' CEO, said, "We are proud to have earned two certifications in February 2022 for our Alto Pekin facility, augmenting the same two certifications we secured at Alto ICP in February of 2021 and creating redundancy throughout the Pekin campus. Demonstrating our commitment to provide our customers with high quality, reliability, and surety of supply, these certifications are sought-after and valuable market differentiators. They facilitate reporting and maintenance of all the quality aspects required for regulatory purposes for our customers, saving resources, time and money, and when in place, position Alto as a preferred provider. Additionally, these distinctions open doors to new high-quality customers and markets."
SFET

Hot Stocks

08:31 EST Safe-T adds C4ADS as first partner for Net Bridge program - Safe-T(R) Group announced the onboarding of The Center for Advanced Defense Studies, the first partner in its Net Bridge social responsibility program. The Center for Advanced Defense Studies is a well-known nonprofit research institution based in Washington, DC. Supported by the collection and analysis of vast quantities of web-data gathered through Safe-T's Enterprise Privacy network, C4ADS is tackling some of the most troublesome issues impacting society today. C4ADS' initial focus will include human and wildlife trafficking, environmental degradation and exploitation in resource-rich countries, as well as global financial crimes and corruption.
FISV

Hot Stocks

08:22 EST Fiserv board elects CEO Bisignano as Chairman, Simons lead independent director - Fiserv announced that its Board of Directors elected Frank Bisignano, President and Chief Executive Officer and a current director of Fiserv, as Chairman of the Board. The board also elected Doyle Simons, a current director, to serve as lead independent director. Both appointments will be effective upon reelection at the Fiserv Annual Shareholders Meeting on May 18. The company also announced that Denis O'Leary, current Chairman of the Board, and Dennis Lynch and Scott Nuttall, current directors, will retire from the board effective after the company's 2022 Annual Shareholders Meeting. "Frank has demonstrated exceptional leadership at Fiserv since his appointment as CEO in 2020, and has built an extremely talented team," said Denis O'Leary, Chairman of the Board. "The board has determined this is the right time for Frank to assume the Chairman role to lead the next phase of the company's innovative transformation and integrated growth strategy." "On behalf of the entire board and management team, I would like to thank Denis O'Leary, Dennis Lynch, and Scott Nuttall for their years of service to Fiserv," said Bisignano. "We are grateful for their valuable insights, guidance and tireless dedication to advancing our company for the benefit of all our stakeholders during their tenure."
PBIO

Hot Stocks

08:21 EST Pressure BioSciences says Ohio State installs UST processing equipment - Food processing companies looking for innovative new ways to preserve clean-label liquid food without artificial preservatives will soon have a new option to do so thanks to new technology being developed at The Ohio State University College of Food, Agricultural, and Environmental Sciences in partnership with scientists and engineers at Pressure BioSciences, a Massachusetts-based company that manufactures high pressure-based equipment and laboratory instrumentation for the life sciences industry. Researchers in the CFAES departments of Food Science and Technology as well as Food, Agricultural and Biological Engineering have installed and commissioned a new, innovative manufacturing technology that preserves foods and beverages using wholesome, recognizable ingredients; no artificial preservatives; and reduced heat. And they will soon launch an outreach program to food and beverage companies to join the Food Industry Consortium to begin using the new technology. Called BaroShear MAX ultra shear technology (UST), this new method of high-pressure-based shear technology will allow beverage companies to manufacture healthier beverages by reducing thermal exposure through the combined application of elevated pressure, shear, and controlled times and temperatures.
BANX

Hot Stocks

08:20 EST StoneCastle board increases quarterly dividend 1c to 39c per share - ArrowMark Financia announced that its Board of Directors increased the quarterly cash distribution to 39c per share from 38c per share, a 1c increase for the first quarter of 2022. The distribution will be payable on March 28, 2022 to shareholders of record on March 21, 2021. "We are pleased to offer our shareholders a dividend increase this quarter. We believe, the dividend increase reflects the Company's ability to consistently over-earn it's declared quarterly dividend rate. ArrowMark Financial is committed to maximizing total risk-adjusted returns and generating long-term value for our shareholders," said Chairman & CEO Sanjai Bhonsle.
MSGM

Hot Stocks

08:20 EST Motorsport Games highlights risks related to Russian action against Ukraine - In a regulatory filing, Motorsport Games highlighted risks related to Russian military action against Ukraine, saying: "The current and potential sanctions against Russia could have a material adverse effect on our ability to use our Russian development staff for future game development. A significant portion of our development staff is based in Russia. Such international sanctions and potential responses to such sanctions, including those that may limit or restrict our ability to transfer funds into Russia to pay for such development services or any frozen or lost funds, could significantly affect our ability to pay our developers based in Russia. In such event, we would have to look to alternative development arrangements, which may delay our ability to release future game titles. We have currency exposure arising from both sales and purchases denominated in foreign currencies, including intercompany transactions outside the U.S. In addition, some currencies may be subject to limitations on conversion into other currencies, which can limit our ability to otherwise react to rapid foreign currency devaluations. Because we have operations in Russia, our exchange rate risk is highly sensitive to the prevailing value of the U.S. dollar relative to the Russian ruble, which exchange rates may fluctuate significantly, in particular due to the recent Russian invasion of Ukraine, as well as continued and any new sanctions against Russia. While we cannot predict with precision the effect of future exchange-rate fluctuations, any significant rate fluctuations could have a material adverse effect on our business, financial condition and results of operations."
OTLK

Hot Stocks

08:19 EST Outlook Therapeutics appoints Alicia Tozier as SVP, marketing, market access - Outlook Therapeutics announced that Alicia Tozier has been appointed as Senior Vice President, Marketing and Market Access. Most recently, she oversaw commercialization launch efforts for two wet AMD therapies. Outlook Therapeutics expects to submit a Biologics License Application for ONS-5010 ophthalmic bevacizumab with the U.S. Food and Drug Administration during the first quarter of 2022. In anticipation of potential FDA marketing approval in late 2022 or early 2023, Outlook Therapeutics' commercial launch planning includes manufacturing with drug substance manufacturer FUJIFILM Diosynth Biotechnologies and best-in-class drug product manufacturer Aji Biopharma Services, distribution, sales force planning, physician and payor advisory board outreach, key opinion leader support and payor community engagement.
HIL

Hot Stocks

08:19 EST Hill contracted as lead technical consultant for Athens Metro projects - Hill International announced it was awarded a contract by Attiko Metro S.A. in view of providing technical assistance consultancy services for current and future metro and tramway projects in Attica Region. Under the contract, Hill will first provide consultancy services for the design, construction, and commissioning of the Athens Metro Line 4. Section A: Alsos Veikou - Goudi of Line 4 will be approximately 12.8 km long and will also include a tunnel connecting Line 4 with Lines 2 and 3, as well as an access tunnel to the train stabling and maintenance yard at Katehaki. Other project features include 15 underground stations and 9 intermediate and/or terminal shafts. Section A of Line 4 project has an estimated cost of EUR 1.5B and is scheduled for delivery in 96 months. The Hill Consortium will also participate in the ongoing Athens Metro Line 3 extension, section Haidari - Piraeus. Construction of the project is well underway. With an investment of more than EUR 730M, the entire Line 3 Extension is expected to be commissioned in summer 2022.
TU SSNLF

Hot Stocks

08:18 EST Telus, Samsung announce deployment of MCPTX services in Canada - Samsung Networks and TELUS announced the successful deployment of Canada's first next-generation Mission Critical Push-to-X services. Deployed over TELUS' globally recognized network, this new MCPTX solution will equip Canada's first responders with the information and data they need to more accurately assess emergency situations, improve responsiveness and operational efficiency, and drive better public safety outcomes. This state-of-the-art technology will enhance multimedia communications with vital operational features such as video, geographic information system, geo-fencing, remote database access, and more, keeping communities safer.
CNSL

Hot Stocks

08:17 EST Consolidated Communications to sell Kansas City assets to Alinda Capital - Consolidated Communications Enterprise Services has entered into an agreement to sell its Kansas City assets to funds managed by Alinda Capital Partners. The asset sale is an all-cash transaction resulting from the Company's strategic asset review and focus on its fiber expansion plans in its core regions. Consolidated's Kansas City operations includes approximately 19,000 consumer subscribers, 13,000 consumer broadband subscribers, 1,900 commercial subscribers and contributed approximately $50M of revenue in fiscal 2021. The closing of the agreement is subject to closing conditions and customary regulatory approvals, and is expected to be completed in the second half of 2022. The Company will provide more information on the divestiture during its fourth quarter 2021 earnings call on March 3. "We are excited about empowering an experienced management team and dedicated employees in Kansas City to deliver broadband and network solutions to residential, commercial and carrier customers in Kansas City," said Jim Metcalfe, managing partner at Alinda, a specialist in digital infrastructure. "Our mission is to deliver first class service to customers through a locally headquartered and operated company by investing in people, systems, service and the community."
CNSL

Hot Stocks

08:17 EST Consolidated Communications to sell Kansas City assets to Alinda Capital - Consolidated Communications Enterprise Services has entered into an agreement to sell its Kansas City assets to funds managed by Alinda Capital Partners. The asset sale is an all-cash transaction resulting from the Company's strategic asset review and focus on its fiber expansion plans in its core regions. Consolidated's Kansas City operations includes approximately 19,000 consumer subscribers, 13,000 consumer broadband subscribers, 1,900 commercial subscribers and contributed approximately $50M of revenue in fiscal 2021. The closing of the agreement is subject to closing conditions and customary regulatory approvals, and is expected to be completed in the second half of 2022. The Company will provide more information on the divestiture during its fourth quarter 2021 earnings call on March 3. "We are excited about empowering an experienced management team and dedicated employees in Kansas City to deliver broadband and network solutions to residential, commercial and carrier customers in Kansas City," said Jim Metcalfe, managing partner at Alinda, a specialist in digital infrastructure. "Our mission is to deliver first class service to customers through a locally headquartered and operated company by investing in people, systems, service and the community."
VVOS

Hot Stocks

08:16 EST Vivos Therapeutics rebrands proprietary offering of treatment devices - Vivos Therapeutics announced a rebranding of its proprietary offering of clinical treatment devices, modalities and protocols, now called The Vivos Method, to better capture the multiple ways in which Vivos can help independent dentists treat their patients. "Our clinical results continue to show the benefits of The Vivos Method, particularly as we enhance and further understand the use and benefits of our multidisciplinary protocols and devices in patients," said Kirk Huntsman, Vivos Chairman and CEO. "We used to call our offering the Vivos System, but we believe that didn't do justice to the many options and methods we provide for practitioners to treat their patients suffering from these debilitating conditions. Our rebrand makes it clearer and easier for providers and patients to understand our offerings and the manner in which each can contribute to addressing dentofacial and airway anomalies in a relatable and more approachable way and to feel secure in proactively asking their dentists or medical providers about The Vivos Method."
AMTX

Hot Stocks

08:15 EST Aemetis closes $100M credit facilities, repays $16M in debt - Aemetis announced the closing of two new, lower interest rate credit facilities with aggregate availability of up to $100 million, comprised of up to $50 million for projects that produce lower carbon intensity renewable products and up to $50 million for working capital. In connection with the closing of the new credit facilities, Aemetis repaid $16 million of higher interest rate debt, building upon the more than $60 million of higher interest rate debt repaid during 2021. The base interest rates under the new credit facilities are 8% for capital projects and 10% for working capital financing and were provided by Third Eye Capital of Toronto, Canada, which has funded Aemetis as a senior lender since 2008. The credit facilities are expected to provide funding for the Aemetis projects that reduce the carbon intensity of renewable fuels, including a zero carbon intensity solar array and extensive process equipment electrification upgrades to the Keyes ethanol plant, a sustainable aviation fuel and renewable diesel plant, and carbon sequestration facilities. Both credit facilities have availability provisions based on the qualified use of funds and other factors. Consideration to the lender includes a warrant to purchase 500,000 shares of Aemetis common stock at a $20 per share exercise price and a warrant to purchase 100,000 shares of Aemetis common stock at an exercise price equal to the 30 day VWAP of Aemetis common stock. The new debt facilities are expected to provide the remaining funding required for engineering and permitting of the Carbon Zero renewable jet and diesel plant in Riverbank, California from Aemetis prior to completion of project debt financing. Aemetis has invested more than $32 million of cash and grants in the renewable jet and diesel plant. In addition to a $3.2 billion, 10-year renewable diesel supply agreement with a leading travel stop company, Aemetis has signed $2.5 billion of sustainable aviation fuel supply agreements with Delta Air Lines, American Airlines and Japan Airlines to supply a 40% blend of SAF and 60% petroleum jet fuel to San Francisco Airport. An additional $1 billion of Memorandum of Understandings have been signed with other members of the oneworld Alliance, which are expected to be converted to signed agreements by the end of Q2 2022.
CBNK

Hot Stocks

08:15 EST Capital Bancorp partners with Montgomery County Green Bank - Capital Bank announced a new relationship with Montgomery County Green Bank, a publicly-chartered nonprofit dedicated to driving clean energy for business owners in the region by leveraging funding with lender partners. This collaboration between Montgomery County Green Bank and Capital Bank will help County businesses obtain better credit access for clean energy projects. "We couldn't be more pleased to be partnering with Montgomery County Green Bank," says Scot Browning, President of Capital Bank. "C-PACE is a great way for us to expand our clean energy initiative program as it helps us deliver these solutions to our local community." Capital Bank is no stranger to community engagement. By the time the first round of federal Paycheck Protection Program funding ran out of money, Capital Bank helped 598 small-business PPP applicants secure Small Business Administration authorization for federal aid totaling over $172 million. We know property owners are looking for green solutions," says Browning. "We're excited to bring these loans to the community."
POWW

Hot Stocks

08:14 EST AMMO CEO says company sees 'serial indications of continued growth' - AMMO issued a letter to shareholders from Fred Wagenhals, Chairman & CEO of AMMO Inc. The letter read in part, " As many of you know, we acquired GunBroker.com in 2021. Today, we find ourselves even more excited about our future together than we were the day we closed on the acquisition. We believed the two Companies shared common values across a wide range of topics, from our Nation's ideals, a shared commitment to democracy and, in particular, our collective unwavering support for the Second Amendment. The Company as now constituted presents the market with an impressive combination of AMMO's technologically innovative manufacturing capabilities and processes with GunBroker.com's online auction marketplace sporting a best-in-class secure transactional technology . The combined enterprise has truly transformed AMMO into a unique opportunity where consumers and investors can find all their shooting needs under one roof, driven by a management team laser-focused on enhancing shareholder value through operational excellence and innovation. Your management team will continue to examine further growth opportunities through acquisition or otherwise in ways that are accretive to our family of companies, align with our shared values, and are best positioned to further enhance shareholder value in POWW and POWWP. As a co-owner in AMMO, you are aware that GunBroker.com has been part of our burgeoning family for more than 10 months and has already significantly contributed to the Company's growth - a trajectory we all work night and day to continue. We recently reported our quarterly financial results on Form 10-Q for the third quarter of our 2022 fiscal year and boasted record net revenues of $64.7 million, including $17.6 million from the Marketplace alone. We grew new users by an average of 55,000 per month and the auction numbers increased 33.45% from the prior year. The GunBroker.com team is now an integral part of the collective AMMO team, thriving in their new home as valued members of the AMMO family. We've made a few other recent announcements I am certain you have read as they have come across the wire - a couple are worth repeating here. First, based upon your Company's solid balance sheet and growing revenues, our Board of Directors recently provided management with an additional tool to increase shareholder value - the authorization to repurchase up to $30 million of AMMO shares. Second, we are proud to have announced that we offered to donate 1 million rounds of ammunition to the Ukrainian Armed Forces in support of their valiant defense against the unprovoked Russian aggression and threat to Ukraine's independence. We are committed to living our values. Within our ammunition and munition components operational unit, the industry remains strong, really constrained only by capacity. Management's long-term strategic growth plans will prove helpful in addressing some of that capacity deficit when we open our new state-of-the-art 160,000 square foot facility in Manitowoc, Wisconsin. Our plan is to continue our 24/7/365 focused efforts with the goal of tripling our ammunition capacity with the well-planned transition into our new plant, estimated to take place in the Summer of 2022. We also see a tremendous opportunity to continue to increase our market share through the GunBroker.com Marketplace and are regularly rolling out initiatives to accomplish that end. We also recently announced that we are reiterating our guidance for the full 2022 fiscal year of approximately $250 million in revenue, an estimated 288% increase over the prior year period, which is projected to include anticipated Adjusted EBITDA of approximately $80 million. Although we remain hyper-focused on today, this week and each quarter, we are always undertaking market analysis and looking ahead - and we see serial indications of continued growth for our business across all sectors and within each business unit. Many of you have heard me say that I am not a patient man, and that applies most directly in my drive to see the AMMO family succeed. The definition of "AMMO Family" to me is the individuals I am pleased to work with, and each of you shareholders that have seen fit to own a piece of this exciting organization."
IAA

Hot Stocks

08:13 EST IAA announces final UK regulatory approval of SYNETIQ acquisition - IAA announced that the UK's Competition and Markets Authority has cleared IAA's acquisition of SYNETIQ , a leading integrated salvage and vehicle dismantling company in the United Kingdom, for GBP 225M. The businesses were previously required to be held separate under an initial enforcement order ssued by the CMA on November 5. However, the IEO was revoked by the CMA on February 10, , and the announcement paves the way for full integration of the two businesses. The CMA approved the transaction without any conditions. All regulatory approvals and consents are now secured. On October 26, 2021, IAA, Inc. acquired the stock of SYNETIQ through its indirect wholly owned subsidiary IAA International Holdings Limited. SYNETIQ provides salvage auction services for insurance companies, accident management companies, and other public and private sellers. The company is an environmental leader and sells parts from salvage vehicles which re-enter the automotive supply chain. SYNETIQ has 15 locations and approximately 500 employees throughout the United Kingdom. In accordance with the terms of the agreement to acquire SYNETIQ, IAA will be paying to SYNETIQ the remaining payment of $54M, GBP 39.2M, that was being held in an escrow account pending receipt of CMA regulatory approval.
TOI

Hot Stocks

08:13 EST The Oncology Institute enters into value-based agreement with MaxHealth - The Oncology Institute of Hope and Innovation announced a value-based agreement with MaxHealth to provide medical oncology care to patients in Pinellas and Hillsborough Counties. Starting in the Tampa Bay Area, TOI and MaxHealth intend to expand the footprint of the agreement into neighboring counties in coming months. "We are extremely excited to launch this important partnership with a high-quality primary care organization like MaxHealth," shared Dr. Daniel Virnich, Chief Operating Officer at TOI. "MaxHealth has a reputation for providing outstanding care coordination and services for patients in the counties that they serve, and we believe that our oncology model is ideally suited to extend exceptional care to their patients that require oncology services."
DSS

Hot Stocks

08:13 EST DSS subsidiary receive positive report on international patentability Equivir - Impact Biomedical, a wholly owned subsidiary of DSS, along with its scientific research partner Global Research and Discovery Group Sciences, GRDG, announced it had received a positive report regarding the potential international patentability of its proprietary compound Equivir to treat viral infections which has shown potential to limit the occurrence of, and reduce, the risk or severity of viral outbreaks. The Patentability Report received from the ISA regarding International application No. PCT/US2021/22538, directed the use of a composition containing Myricetin and G-hesperidin to treat viral infections determined that no prior art was found which would preclude the possibility of obtaining patent protection and that all claims were patentable. "The receipt of this clean patentability report for Equivir's international patent application is demonstrative of our desire to make Impact Biomedical's antiviral innovations available to protect people worldwide," said Frank Heuszel, CEO of DSS.
ENPH

Hot Stocks

08:11 EST Enphase Energy expands battery storage in Oregon - Enphase Energy announced today that Enphase installers in Oregon have seen growing deployments of the Enphase Energy System, powered by IQ Microinverters and IQ Batteries, after last summer's heatwave left many without power and fueled consumer interest in solar plus battery storage home energy solutions.
KR

Hot Stocks

08:11 EST Kroger jumps 5% to $52.05 after Q4 results, FY22 guidance beat estimates
KR

Hot Stocks

08:10 EST Kroger CEO 'confident' in delivering shareholder returns of 8%-11% over time - Chairman and CEO Rodney McMullen said, "Our strategy of leading with fresh and accelerating with digital propelled Kroger to record performance in 2021, on top of record results in 2020. We are incredibly proud of our associates who continue to deliver for our customers through the pandemic. As we look to 2022, we expect the momentum in our business to continue and have confidence in our ability to navigate a rapidly changing operating environment. We are leveraging technology, innovation, and our competitive moats to build lasting competitive advantages. Our balanced model is allowing us to deliver for shareholders, invest in our associates, continue to provide fresh affordable food to our customers and uplift our communities. We remain confident in our growth model and our ability to deliver total shareholder returns of 8% to 11% over time."
TGTX

Hot Stocks

08:10 EST TG announces extension of US FDA BLA/sNDA PDUFA date for ublituximab - TG Therapeutics announced the U.S. Food and Drug Administration has extended the Prescription Drug User Fee Act, PDUFA, goal date to June 25, 2022 for the Biologics License Application, BLA, and supplemental New Drug Application, sNDA, for ublituximab in combination with UKONIQ as a treatment for patients with chronic lymphocytic leukemia and small lymphocytic lymphoma. The FDA notified the Company that the updated overall survival analyses which were submitted to the FDA in February 2022, constituted a major amendment to the applications, and therefore the FDA is extending the PDUFA date to provide time for a full review of the submissions. Michael Weiss, Chairman and Chief Executive Officer of TG Therapeutics stated, "As mentioned on our earnings call earlier this week, we believed an extension of the PDUFA date was a likely scenario especially given the proposed timing of the upcoming ODAC meeting. We hope this extension provides the time needed to give proper attention and review to the U2 BLA/sNDA." Weiss continued, "We continue to believe in the potential of U2 to provide a meaningful treatment option to patients with CLL and SLL."
IMAB

Hot Stocks

08:09 EST I-Mab's TJ-CD4B in gastric cancer granted FDA Orphan Drug Designation - I-Mab announced that the FDA has granted Orphan Drug Designation for TJ-CD4B, a novel Claudin 18.2 x 4-1BB bispecific antibody, for the treatment of gastric cancer including cancer of gastroesophageal junction. TJ-CD4B is the first clinical-stage bispecific antibody that binds to Claudin 18.2-expressing cancer cells and co-stimulatory molecule 4-1BB on T cells to exert a tumor-killing effect. Unlike other therapies involving CLDN18.2, TJ-CD4B has a broader anti-tumor effect covering cancers expressing low levels of CLDN18.2. Preclinical studies have suggested that TJ-CD4B is superior to current CLDN18.2 antibodies and 4-1BB agonistic antibodies due to its stronger anti-tumor activity and a minimal 4-1BB related systemic toxicity. In the ongoing dose-escalation study, TJ-CD4B was safe and well-tolerated at dose up to 3 mg/kg weekly. The company plans to advance the study in biomarker-selected population subsequently.
PCOM

Hot Stocks

08:08 EST Points International extends strategic collaboration with Marriott Bonvoy - Points announces the extension of its relationship with Marriott Bonvoy as the program's exclusive loyalty commerce technology provider of purchasing and gifting Marriott Bonvoy points. The extension of the collaboration coincides with the introduction of a new solution for Marriott Bonvoy members, powered by Points. Rob MacLean, CEO of Points, said, "We are delighted to be extending our longstanding collaboration with Marriott with the implementation of one of our latest products. Loyalty solutions like Top-Up offer consumers more flexibility when accruing and redeeming their rewards - thus enhancing the member experience for loyalty programs, like Marriott Bonvoy, and helping them accelerate their travel recovery overall."
AQST

Hot Stocks

08:08 EST Aquestive Therapeutics, Haisco enter licensing, supply agreement for EXSERVAN - Aquestive Therapeutics announced the execution of a License, Development and Supply Agreement with Haisco Pharmaceutical Group for Haisco to develop and exclusively commercialize EXSERVAN for the treatment of amyotrophic lateral sclerosis in China. Around 85% of ALS patients suffer from a progressive loss of bulbar functionality. Swallowing food and liquids becomes more difficult over time. While most patients initiate on riluzole, some choose to discontinue treatment at various points in the disease progression due to an inability to swallow a tablet. EXSERVAN is designed to provide a meaningful treatment option, using Aquestive's orally administered PharmFilm dosage form, to patients and caregivers. It alleviates the need for swallowing a tablet and water, while having a negligible impact on volume and viscosity of normal saliva. Pursuant to the agreement, Haisco will lead the regulatory and commercialization activities for EXSERVAN in China. Aquestive will serve as the exclusive sole manufacturer and supplier for the product. Aquestive will receive a $7million upfront cash payment, regulatory milestone payments, and double-digit royalties on net sales of EXSERVAN in China, and will earn manufacturing revenue as the exclusive supplier of EXSERVAN.
KR

Hot Stocks

08:06 EST Kroger sees FY22 CapEx $3.8B-$4B, free cash flow $2B-$2.2B, tax rate 23%
EJH

Hot Stocks

08:05 EST E-Home Household Service to launch Digital Human as a Service - E-Home Household Service announced that the Company will debut a Digital Human as a Service that will debut on March 18, 2022 leveraging frontend AI technologies following E-Home's launch of metaverse initiatives. DHaaS features a virtual digital human customer service guide named "Xiao Yi" who provides seamless, 24/7 assistance for household services clients in the Metaverse virtual world. Wenshan Xie, Chairman and CEO of E-Home, commented: "We are very proud to announce another major progress for our Metaverse strategy, which is launched to improve E-Home's operation efficiency and lowers operational costs as standard training and customer services are digitalized in the virtual world and both our staff and customers can access these resources anytime, anywhere on demand. The consumer facing innovation is instrumental in developing and delivering the right technical capabilities to develop and optimize our business operation and diversified household services for our core clients."
TSP

Hot Stocks

08:05 EST TuSimple: Xiaodi Hou to succeed Cheng Lu as President and CEO - TuSimple announced its executive leadership succession plan. TuSimple Co-Founder and CTO Xiaodi Hou will succeed Cheng Lu as President and CEO and succeed Mo Chen as Chairman of the Board, effective March 3. This is part of a planned executive succession as the company moves to its next phase of commercializing L4 autonomous trucking technology. Lu will serve as an Advisor to the CEO until March 2023 to further ensure an effective transition.
IPGP

Hot Stocks

08:05 EST IPG Photonics announces continued production at Russia operations - IPG Photonics announced more information regarding its Russian operations in light of current events. IPG's Russian facilities continue to operate and manufacture optical components and finished products for its operations in the U.S., Germany and China. IPG has major production and R&D facilities as well as close to 2,000 employees located in Russia. These facilities supply components that Germany and the U.S. use in production and provides finished products to China and the U.S. In 2021, IPG's Russian operations supplied approximately $100 million of finished product for the Chinese market. Historically, sales to Russian customers have been nominal, totaling $30 million in 2021. Sanctions will increase lead times and shipping costs for components and lasers to and from IPG's Russian operations. As part of contingency planning, IPG already has built several months of critical inventory in Russia to support sales. The Company's Russian facility is currently able to ship optical and other components to IPG affiliates from Russia. In the event that sanctions or other developments resulting from the ongoing Russia-Ukraine war substantially limit IPG's ability to export optical or other components to or from Russia, the Company's sales may be materially impacted. IPG is executing on contingency plans that include increasing manufacturing capacity and inventories of critical components in Germany and the U.S., and qualifying third-party suppliers to reduce reliance on Russian operations. Management believes that the Company can start to reduce the reliance on components sourced from Russia within a few months and substantially reduce the risk related to sourcing these components from Russia in six to nine months. Management continues to assess the impact of the announced sanctions and will monitor any new sanctions. The current cash balance in Russia is less than 1% of total current cash and the Russian operations are self-funding. To preserve cash, IPG also suspended further capital investment in Russia other than for maintenance and non-material items. IPG has no operations in Ukraine.
CNSL

Hot Stocks

08:04 EST Consolidated Communications sees FY22 adjusted EBITDA $410M-$425M - Sees FY22 capital expenditures $475M-$495M. "A year and a half ago, we initiated a new growth plan for Consolidated, entered a new strategic partnership and outlined the most ambitious fiber expansion in our history," said Steve Childers, chief financial officer at Consolidated Communications. "We will continue to accelerate investments, which support our fiber-first strategy and expansion plans for 2022 as we create new opportunities to offset anticipated legacy declines, including approximately $42 million in subsidy funding and carrier tower contract renewals. We remain focused on positioning the Company for long-term growth and value creation."
MGNI

Hot Stocks

08:03 EST Magnite's SpringServe unveils BidLink - SpringServe, subsidary of Magnite, announced the launch of BidLink. BidLink is designed to communicate with a publisher's primary ad server to send dynamic programmatic demand insights from integrated video SSPs, enabling competition between traditional-direct and programmatic campaigns. P "We developed BidLink to be the best mechanism for unifying ad decisioning across programmatic and traditional direct-sold deals," said Joe Hirsch, GM of SpringServe. "BidLink provides publishers with an out-of-the-box, fully transparent integration with over 22 SSPs. This gives publishers the opportunity to uplevel their programmatic demand capabilities, whether or not they use SpringServe as their primary ad server."
KR

Hot Stocks

08:03 EST Kroger reports Q4 gross margin 22.2% - Gross margin was 22.2% of sales for the fourth quarter. The FIFO gross margin rate, excluding fuel, increased 3 basis points compared to the same period last year. The stability in our gross margin rate reflects sourcing benefits, offset by strategic price investments and higher supply chain costs.
POETF

Hot Stocks

08:03 EST Poet Technologies launches 400G FR4, 800G Receive Optical Engines - POET Technologies announced the launch of its 400G FR4 and 800G Receive Optical Engines based on the POET Optical Interposer, a unique hybrid silicon photonics platform.
SACH

Hot Stocks

08:02 EST Sachem Capital announces registered public offering of notes - Sachem Capital announced the commencement of a registered public offering of unsecured, unsubordinated notes due five years from the date of issuance. The Notes will rank pari passu with all the company's unsecured, unsubordinated indebtedness, whether currently outstanding or issued in the future. The Notes are expected to be listed on the NYSE American under the trading symbol "SCCE" and to trade thereon within 30 days of the original issue date. The interest rate and other terms of the Notes will be determined at the time of the pricing of the offering. The Notes have a private credit rating of BBB+ from Egan-Jones Ratings Company, an independent, unaffiliated rating agency. Egan-Jones is a Nationally Recognized Statistical Ratings Organization and is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider. Egan-Jones is also certified by the European Securities and Markets Authority. A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time. Ladenburg Thalmann & Co. Inc., Janney Montgomery Scott LLC, InspereX LLC and William Blair & Company, LLC are acting as joint book-running managers for the offering. Colliers Securities LLC is acting as co-manager for the offering.
THRN

Hot Stocks

08:02 EST Thorne HealthTech acquires Nutrativa - Thorne HealthTech has acquired Nutrativa, a company leveraging two-dimensional high-speed printing technology to provide alternatives to traditional beverages and gummies via dissolvable supplement discs. Terms of the deal were not announced. The transaction closed on February 28; Nutrativa will now be integrated into Thorne HealthTech. Thorne HealthTech will launch a dissolvable supplement disc product line, beginning with a children's multi-vitamin supplement disc that will provide a high-quality and fuss-free solution for healthy growth and development for children ages four to 12. Through the acquisition, Thorne HealthTech expects to open new target markets. Thorne HealthTech will also seek to expand the 2D technology to large companies interested in private labeling and co-branding.
DOCRF

Hot Stocks

07:58 EST CloudMD establishes Public Sector Division, wins new contracts - CloudMD Software & Services announces its newly formed Public Sector Division and recent customer contracts awarded from various state, local, and public sector organizations across North America. These contracts provide meaningful revenue diversification for the Company and opportunities to accelerate technology and service integration. Through its interoperability platform, the Company signed a contract to provide integration and technology services to the New York City Department of Education to support policy, process, and governance implementation. The Company has also been awarded a contract for its Substance Use Disorder, SUD, solution to support the opioid crisis in North Carolina. In addition, CloudMD's Mental Health Support Solutions service offering confirmed 107 new contracts in January and February, covering up to 50,000 new employees under subscription services. CloudMD has added several contracts within the Public Sector Division including: Subscription iCBT services for a major college employer in the Atlantic region of Canada; Three new Employee and Family Assistance Programs contracts for townships and municipalities across Canada; and Mental Heath Coaching for the employees of a major Ontario university. Essam Hamza, CEO of CloudMD added, "As we look forward, I am excited about the future of CloudMD. The combined companies provide incredible depth of expertise, leadership and management that builds the operational structure needed to evolve CloudMD for the next level of growth. Our path to profitability is within sight and we have assembled a leading executive management team that is extremely capable of driving organic growth. Through our ongoing integration efforts, we are well positioned to accelerate our expansion and scale the business."
RXRX

Hot Stocks

07:57 EST Recursion provides updated guidance on clinical trial starts - Recursion provided updated guidance on clinical trial starts. Recursion's leadership team has decided that conducting a dose optimization study in a sheep efficacy model of Tay-Sachs disease is prudent and in the best interest of patients before enrolling infants in a Phase 2 trial of REC-3599 in the ultra-rare indication infantile GM2 gangliosidosis. This decision will delay the GM2 Phase 2 trial start by approximately 2 years. Recursion's Phase 2 trial of REC-994 in Cerebral Cavernous Malformation is on track and we expect to enroll the first patient in the coming weeks. The Phase 2 portion of Recursion's adaptive Phase 2/3 trial of REC-2282 in Neurofibromatosis Type 2 is on track to enroll in Q2. Recursion's Phase 2 trial of REC-4881 in Familial Adenomatous Polyposis is expected to enroll the first patient in either Q2 or potentially Q3, 2022 due to challenges with site opening presented by the Covid-19 Omicron variant. Preparations for Recursion's Phase 1 study of REC-3964 in recurrent C. difficile colitis are on track, and enrollment is expected to begin in the second half of 2022.
DCGO

Hot Stocks

07:55 EST DocGo unveils all-electric, zero-emissions ambulance - DocGo announced the delivery of its new all-electric, zero-emissions ambulance. Significantly more eco-friendly than a standard ambulance, the all-electric vehicle will be the first of its kind to be registered in the U.S. This vehicle marks the first step towards "Zero Emission," the company's latest sustainability mission to have an all-electric fleet by 2032.
CRVL

Hot Stocks

07:54 EST CorVel presents Critical Incident Stress Debriefing program - CorVel Corporation presented its Critical Incident Stress Debriefing program, highlighting positive outcomes with the City of Beverly Hills, at the annual Public Agency Risk Management Association meeting on March 1, 2022, in Anaheim, California. Critical incident stress debriefing has been around for over ten years. However, it has recently re-emerged as a tool for employers facing several challenges in our current climate. During the presentation, Tyla A. DiMaria, RN, Case Management Manager for CorVel, discussed the company's patient-centered approach that helps employees who have witnessed a catastrophic or traumatic event process the situation, work through the hurdles and develop coping mechanisms to return to work as quickly as possible. Last year, CorVel's program was expanded to address COVID-19 traumatic stress-a syndrome developing due to the significant mental health challenges associated with the pandemic. During the presentation, DiMaria outlined how the City of Beverly Hills partnered with CorVel to implement a critical incident and COVID-19 traumatic stress debriefing program for city employees, improving return to work and positively impacting overall costs and outcomes.
BF.A...

Hot Stocks

07:54 EST Brown-Forman sees FY22 organic net sales up 11%-13% - Sees FY22 organic income growth 12%-16%. Sees FY22 tax rate 22%-23%. The company said, "We project the costs associated with supply chain disruptions and inflationary cost headwinds will continue to have a negative impact on our gross margin, largely offset by a modest positive impact from the removal of tariffs in the EU. Therefore, we continue to expect reported gross margin to be flat or slightly down for the full year compared to fiscal 2021."
NCNO SMBK

Hot Stocks

07:54 EST nCino selected by SmartBank to increase speed, simplify commercial loans - nCino (NCNO) announced that $4B-asset sized SmartBank, a subsidiary of SmartFinancial (SMBK) is moving to the nCino Bank Operating System. SmartBank will utilize nCino's Commercial Banking Solution, which will provide the institution a robust, digitized, end-to-end experience for all its clients. "We know that investing in technology is crucial in the current digital landscape, but it's even more critical to have the knowledge and understanding on where to best allocate that investment. We've been very acquisitive in the market and to ensure that our customer onboarding processes remain as seamless as possible, we needed a best-in-class solution that will serve our clients from anywhere, at anytime," said Daniel Hereford, EVP and Chief Information Officer at SmartBank. "This partnership will create greater efficiency and transparency for our associates and customers, and we look forward to further simplifying the lending experience."
VHIBF

Hot Stocks

07:53 EST Vitalhub expands licensing contract with Hampshire Hospitals Trust - VitalHub is pleased to announce an expansion licensing deal of subsidiary Intouch with Health's hardware and software solutions with Hampshire Hospitals NHS Foundation Trust. Hampshire Hospitals NHS Foundation Trust has been a partner of the Company since 2013. The Trust serves the Hampshire and West Berkshire population, comprising approximately 600,000 individuals. The Trust provides outpatient and assessment services from Alton, Bordon, and Romsey community hospitals, conducting nearly 900,000 outpatient appointments annually. Hampshire Hospitals NHS Foundation Trust employs around 8,600 staff, and provides services from Andover War Memorial Hospital, Basingstoke and North Hampshire Hospital, and the Royal Hampshire County Hospital. The Trust currently employs the Check-in, Flow Manager, and Calling solutions at two of their hospitals. Having benefitted from the functionality of these systems, the Trust has contracted to upgrade and expand their product portfolio and use of VitalHub products. Hampshire Hospitals NHS Foundation Trust has purchased a Trust-wide license to upgrade and expand use of their existing modules, while adding the Room & Resource solution, the HL7 Integration system, and Trust-wide implementation of the kiosk and calling screens. The expected benefits will be improved room utilization, efficiency in room and resource booking, communication and organization among staff, management coordination, and facilitate positive patient correspondence.
DYN FRBN

Hot Stocks

07:53 EST Dyne Therapeutics appoints Incerti to board of directors - Dyne Therapeutics (DYN) announced the appointment of Carlo Incerti, M.D., to its Board of Directors. Incerti is currently an operating partner at Forbion (FRBN), a life sciences venture capital firm.
SAIA

Hot Stocks

07:52 EST Saia reports January LTL shipments per workday increased 1.3% - Saia is providing LTL shipment and tonnage data for the first two months of the first quarter. In January 2022, final LTL shipments per workday increased 1.3%, LTL tonnage per workday increased 7.6% and LTL weight per shipment increased 6.2% to 1,439 pounds compared to 1,355 pounds in January 2021. In February 2022, LTL shipments per workday increased 15.8%, LTL tonnage per workday increased 19.1% and LTL weight per shipment increased 2.8% to 1,406 pounds compared to 1,367 pounds in February 2021.
BBIO

Hot Stocks

07:51 EST BridgeBio, Helsinn Group announce update to strategic collaboration - Helsinn Group and BridgeBio Pharma announced an update to their existing strategic collaboration to develop, manufacture and commercialize infigratinib for oncology indications. Under the terms of the amended and restated agreement, Helsinn will gain an exclusive license to commercialize infigratinib in the U.S. and will be responsible for developing, manufacturing and commercializing infigratinib in oncology indications worldwide except for achondroplasia or any other skeletal dysplasias and except in mainland China, Hong Kong and Macau. BridgeBio will be eligible to receive regulatory and commercial milestone payments as well as tiered royalties on adjusted net sales from Helsinn. BridgeBio will retain all rights to develop, manufacture and commercialize infigratinib in skeletal dysplasia, including achondroplasia. In 2021, Helsinn and BridgeBio obtained accelerated approval for TRUSELTIQ from the U.S. Food and Drug Administration for the treatment of adults with previously treated, unresectable locally advanced or metastatic cholangiocarcinoma with a fibroblast growth factor receptor 2 fusion or other rearrangement as detected by an FDA-approved test. Additionally, the two parties received conditional approval by Health Canada and provisional approval by the Therapeutics Goods Association in Australia for TRUSELTIQ for the treatment of adults with previously treated, unresectable locally advanced or metastatic cholangiocarcinoma with a FGFR2 fusion or other rearrangement. Continued approval in the U.S., Canada and Australia for this indication may be contingent upon confirmatory trials.
SHC

Hot Stocks

07:49 EST Sotera Health launches Sotera Health Academy - Sotera Health Company announced the launch of the Sotera Health Academy. The Academy combines content curated by industry thought leaders from Sotera Health's three businesses-Nelson Labs, Sterigenics, and Nordion-to help companies mitigate regulatory risk and enhance product speed to market.
CAMP

Hot Stocks

07:48 EST CalAmp, Noregon partner to deliver remote diagnostics, predictive maintenance - CalAmp announced its partnership with vehicle data expert Noregon to deliver remote vehicle diagnostics and predictive maintenance capabilities to transportation, logistics and fleet operators. This partnership aims to blend real-time data insights from CalAmp iOn fleet management software, edge computing, and cloud platform services with predictive algorithms in Noregon's TripVision remote diagnostic software to enable preemptive alerts to vehicle issues before critical failures occur. "By integrating TripVision with iOn, operators gain not only a holistic view into their tractors, trailers, and cargo but also advanced vehicle diagnostics to ensure fleet and driver safety, while preventing costly vehicle downtime that can significantly reduce productivity and profitability," the company said. "We are thrilled to work with the vehicle data experts at Noregon and to integrate TripVision's predictive maintenance capabilities with our iOn and edge computing solutions," says Jeff Clark, chief product officer for CalAmp. "Together, we can offer fleet operators unmatched fleet visibility and diagnostic intelligence in one unified view to ensure their trucks maintain optimal performance while enabling operational efficiency and profitability of the entire fleet."
HCM

Hot Stocks

07:48 EST Hutchmed CEO Christian Hogg retires, Weiguo Su to succeed - Hutchmed announces: the retirement of Mr. Christian Hogg after almost 22 years with the Company, including 15 years as Executive Director and Chief Executive Officer; and the appointment of Dr. Weiguo Su, who has been with the Company for about 17 years, including about 10 years as Chief Scientific Officer and almost five years as Executive Director, as the new CEO. Dr. Su has been selected and appointed to his additional role as the CEO, as part of the Company's ongoing succession planning. When assuming the new position, Dr. Su will combine the crucial research and development function of the Company for which he has been responsible, with the lead executive role as the CEO. While Dr. Su will remain as the CSO for the time being, as part of the ongoing succession planning of the Company, Dr Su, the Nomination Committee and the Board will identify appropriate candidates to take up the leadership of its research and development function.
FTRP

Hot Stocks

07:47 EST Field Trip Health and Cerebral partner for end-to-end mental health care - Field Trip Health announced a strategic partnership with Cerebral, an online mental health platform. The companies are launching a partnership where Cerebral clinicians can refer qualified clients to Field Trip Health's ketamine assisted therapy, while Field Trip will connect potential clients seeking general psychiatry and teletherapy services to Cerebral. Field Trip Health currently has clinics operating in eight major U.S. cities. With this partnership, Field Trip Health patients will have access to services beyond psychedelic treatments and can now access a holistic offering of mental health treatments through Cerebral.
AWI

Hot Stocks

07:47 EST Armstrong World introduces five-year growth targets - Armstrong World Industries will be hosting its 2022 Investor Day beginning at 9:00 AM ET today at its corporate headquarters. AWI president and chief executive officer Vic Grizzle and other members of the senior leadership team will discuss company strategy and introduce the company's five-year growth targets. "We are excited to increase our growth outlook as a result of the success we are achieving with our key growth initiatives," said Vic Grizzle, AWI president and chief executive officer. "Through our innovation, Healthy Spaces and digital efforts, we expect to deliver accelerated value creation as the market recovery continues and secular trends toward sustainable, healthy built spaces provide tailwinds for growth." Five-Year Growth Targets: In conjunction with this event, the company has announced the following five-year compounded annual growth targets. Revenue growth rate of 10% to 13%; Adjusted EBITDA growth rate of 12% to 15%; Adjusted diluted EPS growth rate of 15% to 20%; and Adjusted Free Cash Flow* growth rate of 15% to 20%.
VBTX

Hot Stocks

07:46 EST Veritex commences common stock offering - Veritex Holdings announced that it has commenced an underwritten public offering of shares of its common stock. The Company intends to grant the underwriters a 30-day option to purchase additional shares of its common stock. Keefe, Bruyette & Woods, A Stifel Company and Goldman Sachs & Co. LLC are serving as the joint book-running managers for the offering, and Raymond James & Associates, Inc. is acting as passive book-running manager. The Company intends to use the net proceeds of this offering for general corporate purposes and to support its continued growth, including investments in Veritex Community Bank and future strategic acquisitions.
IBIBF

Hot Stocks

07:45 EST IBI Group appoints Todd Hoisington as director, USA - IBI Group, is pleased to announce the appointment of Todd Hoisington to Director, USA, along with the appointment of several other key U.S. regional leaders into new roles. In his new role, Mr. Hoisington is responsible for leading unified growth and integration across IBI's core technology-driven competencies in the Intelligence, Buildings and Infrastructure sectors, and executing on IBI's strategic plan to grow its urban environment and infrastructure design presence across the entire U.S. market. In his previous role as Director of Major Projects, U.S. and Michigan Office Lead, Mr. Hoisington led the growth and diversification of IBI's Michigan practice across all sectors. Other key IBI U.S. leadership moves announced today, include: Leslie Young promoted to Director, Managing Principal from Director of Operations for USA West and Managing Director of IBI's Los Angeles office. In her new role, Ms. Young - a recognized leader in the Southern California architecture and design community - will help IBI U.S. develop a diversified and strategically aligned portfolio of work that places an emphasis on partnerships and innovation, and which fully leverages collaboration between IBI's practice sectors and offices. Ari Bose promoted to Director, US Sector Lead, Buildings from Director, Buildings Lead, USA East. In his new position, Mr. Bose will provide leadership and focus to increase the breadth and depth of the IBI portfolio of Buildings projects in the U.S. An architect and sustainable design specialist with nearly 20 years of experience in the field, Mr. Bose has been with IBI since 2017, playing an instrumental role in developing successful contractor relationships on major Design-Build and P3 projects, and in developing new business opportunities for IBI. Susan Christensen promoted to Director, Operations USA from Director, Operations Lead, USA East. With this promotion, Ms. Christensen's current role will be expanded to all offices across the U.S., where she will work to unify and grow IBI's operational services and reporting structures across the country. Ms. Christensen has over 20 years of experience in marketing management and communications, operations, business development, and global brand management.
MDGS

Hot Stocks

07:45 EST Medigus announces Agmon-Levin joins Polyrizon's SAB - Medigus announced that Polyrizon, a privately held company in which Medigus owns 37.03%, has added Prof. Nancy Agmon-Levin, expert in immunology, allergy, internal medicine, to its scientific advisory board, SAB. Prof. Agmon- Levin is the Head of the Clinical Immunology, Angioedema and Allergy Unit, Lupus and Autoimmune Diseases Clinic at Sheba Medical Center.
PTRUF

Hot Stocks

07:44 EST Petrus Resources sees 2022 exit production rate of 9,000-9,500 boe per day - The completion of the debt restructuring transactions during the third quarter of 2021 transformed Petrus from a company with limited capital resources to one with the ability to create meaningful shareholder value. The substantial debt reduction associated with the second lien debt settlement and equity financing has bolstered the Company's financial position and provides the flexibility required to invest in the development of its land base and unlock proven value. On March 1, 2022, the Company entered into a definitive agreement to acquire producing oil and gas properties that are held by a privately owned limited partnership and its general partner for total consideration of approximately $14.4 million, consisting of 10 million common shares of the Company issued at a deemed price of $1.44 per share based on the volume weighted average trading price of the common shares of the Company on the TSX for the five trading days prior to the date of the Agreement. The Acquisition is expected to close in March 2022 and is subject to customary closing conditions. For more information, please refer to the related press release dated March 1, 2022. Petrus' Board of Directors has approved a 2022 capital budget of $50 to $55 million. Capital will be largely focused on the drilling, completion and tie-in of 14 net wells in Ferrier. The 2022 budget was constructed using a price forecast of WTI at US$69.00/bbl, AECO at $3.20/GJ and a foreign exchange rate of US$0.79. Through the successful execution of this capital plan and with the Acquired Entities now included, Petrus is expecting to: Achieve a 2022 exit production rate of 9,000 to 9,500 boe per day, a projected increase of 40 to 50% compared to 2021 average annual production. Generate in excess of $60 million in annual funds flow, an anticipated 65 to 80% improvement compared to 2021 results. Continue to reduce debt and further strengthen the Company's balance sheet.
WVE

Hot Stocks

07:43 EST Wave Life Sciences expects cash to fund operations into Q2 of 2023 - Wave expects that its existing cash and cash equivalents will enable the company to fund its operating and capital expenditure requirements into the second quarter of 2023.
PTRUF

Hot Stocks

07:42 EST Petrus Resources reports production at 6,009 boe/d through 2021 - Petrus Resources is pleased to report financial and operating results as at and for the three and twelve months ended December 31, 2021 and to provide 2021 year end reserves information as evaluated by Insite Petroleum Consultants. Commodity price improvement - Realized price per boe increased by 92% in the fourth quarter of 2021 compared to the fourth quarter of 2020 due to strengthened oil, natural gas and NGL pricing, which increased by 81%, 78% and 140%, respectively. Operating netback up 112% - Operating netback increased by 122% to $33.12/boe in the fourth quarter of 2021 up from $14.95/boe in the fourth quarter of 2020. Total funds flow up 62% - Petrus generated funds flow and corporate netback of $10.4 million and $19.26/boe in the fourth quarter of 2021, 62% and 75% higher, respectively, than the fourth quarter of the prior year. Increased capital activity - Petrus incurred capital expenditures of $12.2 million in the fourth quarter of 2021 compared to $2.8 million in the fourth quarter of 2020. Petrus began execution of its fourth quarter 2021 drilling program in November, which included the Company's first operated well in North Ferrier. In December, the Company drilled two net wells in its core Ferrier area. ANNUAL 2021 HIGHLIGHTS: Transformative debt reduction - During 2021, Petrus executed transactions that transformed its debt position, as follows: Reduced net debt by 46% from $114.4 million to $61.8 million; Debt to fourth quarter 2021 annualized funds flow is now 1.5x; Second lien term loan settled in full; and First lien debt is now fully conforming at $57.7 million drawn. Funds flow per boe up 41% - Petrus generated funds flow and corporate netback of $33.4 million and $15.19/boe in 2021, 26% and 40% higher, respectively, than funds flow of $26.4 million and $10.93/boe in 2020. Capital expenditures doubled - Petrus incurred $26.9 million of capital expenditures in 2021, compared to $14.3 million in 2020; drilling ten gross wells in Ferrier and North Ferrier. Maintained production - Petrus held production relatively flat at 6,009 boe/d through 2021 as it focused on debt repayment, which limited capital reinvestment during the first nine months of the year.
CERAF

Hot Stocks

07:39 EST Ceres Acquisition announces extension, amount of redemptions - Ceres Acquisition announced that it has extended the permitted timeline to complete a qualifying transaction to June 30, 2022. The Extension was previously approved at a special meeting of the holders of Class A Restricted Voting Shares of Ceres held on February 23, 2022. Ceres' board of directors have also approved the Extension, which is effective as of March 3, 2022. In connection with the Extension, Class A Restricted Voting Shareholders were provided with the option to redeem all or a portion of their Class A Restricted Voting Shares and an aggregate of 10,677,201 Class A Restricted Voting Shares were deposited and not withdrawn and will accordingly be redeemed. A payment of US$10.00 per redeemed Class A Restricted Voting Share is being made, before taking withholding taxes into account, which includes an aggregate amount of US $30,333.99 being paid to redeeming Class A Restricted Voting Shareholders by Ceres' sponsor, Ceres Group Acquisition Sponsor, LLC, pursuant to the terms of the Make Whole Agreement and Undertaking entered into by the Sponsor with the Corporation on March 3, 2020.
GUROF

Hot Stocks

07:37 EST GURU Organic Energy retains three DSD distributors - GURU Organic Energy announces that it has retained three DSD distributors, namely Buffalo Market, DPI Specialty Foods and Pint Size Hawaii, since the start of 2022. GURU also has distribution agreements in place with key partners and major distributors in the U.S., such as UNFI and KeHE, and is pursuing discussions with other potential DSD service providers, primarily in its target market of California.
ETTX

Hot Stocks

07:35 EST Entasis Therapeutics provides update on upcoming milestones - Phase 3 ATTACK registrational trial for sulbactam-durlobactam achieved all primary and secondary endpoints, NDA submission planned for mid-2022. Zoliflodacin Phase 3 trial progressing; enrollment completion now anticipated in 2023.
ETTX

Hot Stocks

07:34 EST Entasis Therapeutics expects cash to fund operations into Q3 of 2022 - "As of December 31, 2021, we had cash and cash equivalents of $32.3M, compared to $53.2M as of December 31, 2020. Based on our current operating plan, including the $15.0 million received from Innoviva from the convertible promissory note, we believe that our existing cash and cash equivalents will be sufficient to fund our operating expenses and capital expenditure requirements through the end of the third quarter of 2022," the company said.
TZOO

Hot Stocks

07:34 EST Travelzoo expects return to profitability in Q1 - The company said, "We currently expect substantially higher revenue and a return to profitability in Q1 2022. We continue to see a trend of recovery of our revenue. However, there could be unexpected fluctuations in the short term. During the pandemic, we have been able to lower our fixed costs. We believe we can keep our fixed costs relatively low in the foreseeable future-while revenue is expected to grow."
TZOO

Hot Stocks

07:33 EST Travelzoo reports 30.3M members worldwide - The company said, "As of December 31, 2021, we had 30.3 million members worldwide. In North America, the unduplicated number of Travelzoo members was 16.9 million as of December 31, 2021, up 4% from December 31, 2020. In Europe, the unduplicated number of Travelzoo members was 8.4 million as of December 31, 2021, down 4% from December 31, 2020. Jack's Flight Club had 1.8 million subscribers as of December 31, 2021, up 6% from December 31, 2020."
ALYA AMZN

Hot Stocks

07:33 EST Alithya Group announces new status as AWS Advanced Tier Services Partner - Alithya Group (ALYA) is proud to announce its new status as an Amazon (AMZN) Web Services Advanced Tier Services Partner, a certification achieved in compliance with the AWS Partner Network program. As a Select Partner since 2019, Alithya has since proven the strength of its technical competencies, as well as the depth of its market penetration potential, in meeting AWS requirements for elevation to Advanced Tier Services Partner status. With access to the full spectrum of AWS cloud-based services and solutions, Alithya's certification opens the door to a broader cloud consulting and solutions implementation offering moving forward.
VBTX

Hot Stocks

07:32 EST Veritex to acquire interLink in $91M cash and stock transaction - Veritex Holdings announced that it has entered into a definitive agreement to acquire StoneCastle Cash Insured Sweep, a subsidiary of StoneCastle Partners, primarily for Veritex common stock and cash in a transaction valued at approximately $91 million. Together, Veritex and interLINK are the perfect fit combining a high-growth commercial bank with a tech-enabled core deposit gathering platform. interLINK administers approximately $8 billion of deposits through FDIC-insured cash sweep programs for several of the nation's leading broker/dealers and clearing firms. Once integrated into Veritex's treasury function, interLINK will provide flexible and scalable access to approximately $5.7 billion of highly diversified, stable core deposits. This core deposit base creates capacity to reliably fund significant multi-year loan growth and optimize overall funding mix over time. interLINK is a proprietary software platform, purpose-built as a bank treasury function. Its technology is highly flexible, allowing for customized integration into broker/dealer systems and supported by white-glove customer service. Over the last five years, interLINK's deposits under administration have increased at a 55% compound annual growth rate, with only a minimal increase in operating expenses. Supporting this growth is a compelling value proposition for all parties, whereby Veritex will provide broker/dealers white glove cash administration services at low-cost and banks participating in interLINK's sweep programs will continue to receive flexible liquidity. Subsequent to the acquisition, Veritex will be able to provide broker/dealers with a range of added services, including private banking, securities lending, and other credit or banking services. Under the terms of the agreement, Veritex will purchase interLINK for $3 million in cash and issue approximately 2.1 million shares of its common stock to StoneCastle. Upon close of the transaction, StoneCastle will recognize a taxable sale and will hold a minority stake of approximately 4% in Veritex. Concurrent with this announcement, Veritex plans to launch a common stock offering of approximately $150 million with the net proceeds used to support continued growth and general corporate purposes. On a pro forma basis, including the common stock offering announced today, the transaction is expected to increase Common Equity Tier 1 to approximately 9.9%, be accretive to tangible book value per share at closing, and be neutral to consensus earnings per share estimates in 2023, 8% accretive in 2024, and +14% accretive on a run-rate basis thereafter. The internal rate of return for this transaction is expected to exceed 25%. The transaction has been unanimously approved by the boards of directors of Veritex and StoneCastle. The transaction is expected to close in the third quarter of 2022, subject to satisfaction of customary closing conditions, including receipt of regulatory approvals from the FDIC and the Texas Department of Banking.
NLSN

Hot Stocks

07:32 EST Nielsen, Cox Media Group announce multi-year renewal agreement - Nielsen and Cox Media Group announced a multi-year renewal agreement for television and audio measurement services covering Cox Media Group local television stations in 10 full service television markets and Cox Media Group local radio stations in 10 full service radio markets. With this agreement, Cox Media Group stations will continue to utilize a comprehensive suite of Nielsen measurement services to demonstrate audience value to advertisers. The agreement also includes CoxReps, a nationwide network of media professionals, which provides television sales representation of broadcasters with a wide network of advertising agencies. Included in the agreement is Nielsen Local Media Impact, which has been licensed by CMG radio stations in Atlanta, Houston, Jacksonville, Fla., Miami, Orlando, San Antonio and Tampa, to help optimize advertising campaigns. CMG radio stations will also have access to the National Regional Database, a customizable tool of radio listening information for every market that Nielsen Audio surveys. The agreement also renews access of CMG radio stations to Nielsen Scarborough, which provides local market research and measures 2,000 market categories. Additionally, the stations will continue to have access to Scarborough MARS Healthcare Module to help maximize advertising strategies for CMG's growing healthcare segment. CoxReps, along with CMG television stations, have also renewed with Nielsen Scarborough.
CLSD

Hot Stocks

07:30 EST Clearside Biomedical appoints Yerxa to board of directors - Clearside Biomedical announced that Benjamin Yerxa, Ph.D., has been appointed to the Company's Board of Directors, effective March 2, 2022. Dr. Yerxa currently serves as Chief Executive Officer of the Foundation Fighting Blindness.
FULC

Hot Stocks

07:30 EST Fulcrum Therapeutics announces REACH Phase 2 trial of losmapimod - Fulcrum Therapeutics announced its plans to initiate REACH, a Phase 3 clinical trial of losmapimod in people with facioscapulohumeral muscular dystrophy, in the second quarter of 2022. FSHD is a serious, rare, progressive and debilitating disease for which there are no approved treatments. It is characterized by fat infiltration of skeletal muscle leading to muscular atrophy involving the face, scapula and shoulders, upper arms, and abdomen. Impact on patients includes profound decreases in the ability to perform activities of daily living, loss of upper limb function, loss of mobility and independence, and chronic pain. Based on results from a Phase 2b study of losmapimod showing clinical benefit, Fulcrum engaged with U.S. and EU regulatory agencies, including the Food and Drug Administration, and gained alignment on key aspects of the design for a Phase 3 trial. REACH will be a randomized, double-blind, placebo-controlled, multi-national trial to evaluate the efficacy and safety of losmapimod for the treatment of FSHD. The trial is expected to enroll approximately 230 adults with FSHD. Patients will be randomized 1:1 to receive either losmapimod, administered orally as a 15 mg tablet twice a day, or placebo, and evaluated over a 48-week treatment period. The primary endpoint of the study is the absolute change from baseline in Reachable Workspace. Secondary endpoints include muscle fat infiltration, Patient Global Impression of Change, and Quality of Life in Neurological Disorders of the upper extremity. REACH will also include patient-centered assessments of healthcare utilization. Results from ReDUX4, a randomized, double-blind, placebo-controlled Phase 2b trial, which enrolled approximately 80 patients treated for 48 weeks, demonstrated clinically relevant benefits on multiple measures of muscle health and function as well as patient-reported outcomes. Notably, losmapimod improved accessible surface area in RWS, a quantitative measure of upper extremity range of motion and function that has shown to correlate with the ability to independently perform activities of daily living. Losmapimod also decreased progression of fat infiltration in muscles already affected by disease and preserved the health of normal-appearing muscles. Additionally, losmapimod-treated patients reported feeling better compared to those on placebo using the assessment. Consistent with losmapimod's extensive safety and tolerability profile from clinical trials outside of FSHD, there were no serious treatment-related adverse events observed in the Phase 2b trial. Fulcrum will host a KOL meeting on Thursday, March 24, 2022 from 10:00am - 12:00pm ET with Nicholas E. Johnson, MD, M.Sci., FAAN, associate professor, division chief of neuromuscular, and vice chair of research in the department of neurology at Virginia Commonwealth University and Jay J. Han, MD, professor and vice chair residency program director, University of California, Irvine.
SYBX

Hot Stocks

07:29 EST Synlogic appoints Michael Jensen as Chief Financial Officer - Synlogic announced the appointment of Michael Jensen as Chief Financial Officer. "Jensen brings extensive and diversified experience within global pharmaceutical and medical device companies to Synlogic, spanning analytics, financial management, information systems, and operations," the company said. Prior to joining Synlogic, Mr. Jensen was the CFO at Intrinsic Therapeutics, a commercial-stage medical device company focused on delivering treatments to improve surgical efficacy.
TELA

Hot Stocks

07:28 EST Tela Bio announces US launch of SiteGuard No Rinse Antimicrobial Solution - TELA Bio announced the commercial launch of its SiteGuard No Rinse Antimicrobial Solution for use in plastic reconstructive surgery. "SiteGuard is a complementary technology that we believe enhances our mission to deliver a portfolio of next-generation soft-tissue solutions that are both clinically effective and economically impactful," said Antony Koblish, President and CEO of TELA Bio. "Early test market experience with SiteGuard has been encouraging, and we look forward to broadening awareness and usage of the technology nationwide."
CDNA

Hot Stocks

07:28 EST CareDx says Cibiltech initiates CIBIL study using iBox AI - CareDx announced that its strategic partner, Cibiltech, a French MedTech company that develops artificial intelligence-based products for predictive medicine, has initiated the CIBIL clinical trial to evaluate the performance of iBox artificial intelligence as a prognostic measure of organ survival in kidney transplant patients. The CIBIL "Clinical Impact of the iBox as an Early Intervention tooL" trial is a prospective randomized controlled trial being conducted internationally with 450 patients to evaluate the clinical and health economic benefits of using iBox to predict allograft survival in the follow-up of kidney transplanted patients iBox has been previously validated by the Paris Transplant Group in a seminal AI paper for transplantation in the British Medical Journal. CareDx is a minority owner of Cibiltech and holds exclusive rights to commercialize iBox in the United States. iBox is an algorithm developed by the Paris Transplant Group, which determines the probability of graft survival three, five, and seven years after evaluation. The OKRA is a multicenter, prospective, observational registry designed to measure outcomes of kidney transplant recipients managed with CareDx's multimodality assessment of graft health including AlloSure donor-derived cell-free DNA, AlloMap kidney gene expression profiling, and prognostic graft assessment using iBox.
FWBI

Hot Stocks

07:27 EST First Wave BioPharma announces poster presentation at DDW 2022 - First Wave BioPharma announced that an abstract entitled, "Niclosamide Enemas, A Safe And Effective Treatment In Mild To Moderate Ulcerative Proctitis/Proctosigmoiditis: Results From An Open Label Study," has been accepted for a poster presentation at the 2022 Digestive Disease Week Conference, DDW 2022. The poster will share data from a Phase 1 open label study of niclosamide as a potential treatment for patients with mild to moderate ulcerative proctitis, UP, and ulcerative proctosigmoiditis, UPS. UP and UPS are two anatomically restricted forms of ulcerative colitis, a chronic inflammatory bowel disease, IBD, consisting of inflammation and ulcers in the colonic mucosal lining of the large intestine. "The research presented by Dr. Monteleone at DDW 2022 is intended to demonstrate the potential of niclosamide as a treatment for UP and UPS and is an important touchstone for our ongoing Phase 2 clinical trial of FW-UP," stated James Sapirstein, President and CEO of First Wave BioPharma. "Our research has demonstrated the potential for niclosamide in UP and UPS, including durable therapeutic effect and clinical remission rates above those reported for the commonly used steroid, budesonide. We look forward to building on this data to illustrate the capabilities of FW-UP and our proprietary niclosamide formulations to provide safe, non-systemic treatments for IBDs and reduce or eliminate entirely the need for steroids and immunomodulators."
AUTL

Hot Stocks

07:25 EST Autolus Therapeutics announces publication on cell programming technology - Autolus Therapeutics announced the publication of an article in BioTechniques describing a novel technology that provides for very low levels of expression of one gene module, while maintaining high levels of expression of other gene modules expressed from the same promotor. This technical paper describes a method of achieving very low levels of transgene expression in multi-cistronic mammalian expression systems. This is achieved via the insertion of a stop codon and translational readthrough motif, TRM, between the transgenes of an mRNA encoding a multi-cistronic cassette. The TRM helps to suppress the stop codon, facilitating continued translation of the downstream transgene at reduced levels compared with the upstream transgene. This system addresses a fundamental challenge in cell therapy when highly potent receptors, cytokines or toxins are expressed, which, at normal levels of expression, would be unsafe for patients. "Our approach to solid tumors combines multiple gene modules in CAR T cells to drive the desired set of properties we believe are essential to maximize anti-tumor activity without increasing toxicity. Selectively adjusting expression levels became an important technology to establish therapeutic windows," added Martin Pule, chief scientific officer and founder of Autolus. "In this paper we successfully applied this technology for highly restricted IL-12 release which increases CAR T anti-tumor activity in an immunocompetent mouse model without inducing systemic toxicity."
ARAV

Hot Stocks

07:23 EST Aravive announces updated data, new biomarker data from study of batiraxcept - Aravive announced positive new data from the Phase 1b portion of the ongoing Phase 1b/2 trial of batiraxcept in clear cell renal cell cancer, ccRCC, and new data from a biomarker high subgroup. As of February 4, 2022, 26 ccRCC patients have been treated with batiraxcept at doses of 15 mg/kg and 20 mg/kg, plus cabozantinib 60 mg daily in previously treated, 2L+, patients with ccRCC. Key findings include: No dose limiting toxicities observed at either the 15 mg/kg or 20 mg/kg batiraxcept dose in combination with cabozantinib; At a median follow-up of 4.9 months on February 4, 2022, 92% of patients remain on study; Best overall response rate in the ITT population is 46%; In the 15 mg/kg population, best ORR is 56%; In the 20 mg/kg population, best ORR is 30%; No patient has had progressive disease as their best response; The 6-month progression-free survival rate in the ITT population is 79%; Median duration of response has not been reached; the 3-month DOR is 100%. Among the 26 patients treated in the ccRCC trial, 25 were evaluable for baseline sAXL/GAS6. A high ratio optimized a patient's ability to respond to batiraxcept plus cabozantinib. Key findings from biomarker high patients include: Best ORR rate in the biomarker high population is 63%; In the 15 mg/kg population, best ORR is 75%; In the 20 mg/kg population, best ORR is 43%; The 6-month PFS rate in the biomarker high population is 77%, with a 6-month PFS rate of 91% in the 15 mg/kg biomarker high group; Median DOR has not been reached in the biomarker high subgroup; the 3-month DOR is 100%.
CDTX

Hot Stocks

07:22 EST Cidara Therapeutics announces MHRA grants rezafungin PIM designation - Mundipharma and Cidara Therapeutics announced that the Medicines and Healthcare Products Regulatory Agency, or MHRA, in the UK has granted rezafungin Promising Innovative Medicine, or PIM, designation for the treatment of invasive candidiasis. Invasive candidiasis is a severe, life-threatening systemic Candida infection of the bloodstream and/or deep/visceral tissues.
ANPC

Hot Stocks

07:21 EST AnPac Bio's Changwei receives apptoval to explore strategic alternatives - AnPac Bio-Medical Science announced that its fully owned biochip subsidiary, Changwei System Technology, was recently evaluated and appraised by China Alliance Appraisal Co. Ltd., an independent company that is certified and licensed by the China Appraisal Society under the Ministry of Finance and is one of the top 10 appraisers in China by revenue. China Alliance Appraisal, Co., Ltd. provided a certified written appraisal report which valued Changwei at RMB 578 million. An appraisal is an opinion about the approximate value of a company and is not a guarantee that any transaction may be completed based on that appraised value or at all. The appraisal was performed following the recent approval from the board of directors of AnPac Bio to explore strategic alternatives for Changwei, including a potential strategic investment, to maximize shareholder value for the Company. Changwei was founded in 2011 and has since focused on the design, R&D, and testing of novel, specialty bio-integrated circuit chips for life science applications. The team consists of a group of IC experts and engineers from IC and IC packaging companies such as Micron Technologies, Motorola, Semiconductor Manufacturing International Corporation, and Amkor. Changwei is currently developing biochips for in vitro diagnostics applications and the biochip currently used in Anpac Bio's Cancer Differentiation Technology platform for cancer screening and detection, which has already been commercialized and is in volume production. In addition, in 2021, Changwei began development of a new biochip for AnPac Bio JV's novel cancer treatment. Recently, Changwei signed a letter of intent with a life science company, under which Changwei will work on a new biochip for an automatic drug injection medical device for diabetes patients.
AMYT

Hot Stocks

07:19 EST Amryt Pharma announces results of general meeting - Amryt is pleased to announce that all resolutions presented to shareholders at yesterday's General Meeting were duly passed including a resolution which approved the form of share repurchase contract and counterparties under which the Company may make repurchases of its own shares.
TLRY HEXO

Hot Stocks

07:19 EST Tilray announces proposed agreement for strategic alliance with Hexo - Tilray Brands announced proposed agreements for a commercial and financial partnership with HEXO Corp. that would bring together Canada's top two cannabis market share leaders, strengthening their respective positions and setting the stage for increased production efficiencies amid competitive market dynamics. Under the terms of the proposed agreement, Tilray Brands would acquire up to US$211 million of senior secured convertible notes that were issued by HEXO and are currently held by funds affiliated with HT Investments MA. The Notes would be amended to permit Tilray Brands to exercise conversion rights at a price of C$0.90 per HEXO Share and acquire a significant equity ownership position in HEXO, driving meaningful, additional upside and direct participation in HEXO's considerable growth opportunities. The strategic alliance between Tilray Brands and HEXO would provide several financial and strategic benefits, including: Accretion and Flexibility: the acquisition of the Notes by Tilray Brands would be immediately accretive to Tilray Brands. As amended, the terms of the Notes will provide that the Notes shall bear interest at a rate of 10% per annum from the date of closing. During the first year, the interest will be paid in cash and during the remainder of the term, the Notes will be paid half in cash in each year and the remaining half will be added to the principal amount as a payment-in kind when the payments are due and any payments of such PIK will be made in cash at the time of maturity or paid in additional HEXO Shares upon conversion. In addition, Tilray Brands shall have the flexibility to either be paid the principal amount plus any accrued interest and PIK upon the maturity of the Notes or, prior to maturity, convert the principal amount plus any accrued interest and PIK into a substantial ownership position in HEXO. Substantial Synergies: the proposed alliance between Tilray Brands and HEXO is further expected to deliver up to C$50 million of cost synergies, to be shared equally, within two years of the completion of the Transaction. Both companies have been working together to evaluate cost saving synergies as well as other production efficiencies, including with respect to cultivation and processing services, certain Cannabis 2.0 products, including pre-rolls, beverages and edibles, as well as shared services and procurement. Increases Product Breadth and Commitment to Innovation: Tilray Brands and HEXO bring together industry leading expertise in the global cannabis industry, including cannabis cultivation, product innovation, brand building, and distribution. Leveraging both companies' commitment to innovation and operational efficiencies, both companies would share their respective expertise and know-how to strengthen market positioning and capitalize on opportunities for growth through a broadened product offering and accelerated CPG innovation. Upon closing, Tilray Brands will nominate Denise Faltischek to the HEXO Board of Directors, in addition to appointing one Board observer. Under the terms of the Transaction, and subject to negotiation of the definitive documents and the satisfaction of specific conditions, Tilray Brands would acquire 100% of the remaining US$211 million outstanding principal balance of the Notes, all of which were originally issued by HEXO to HTI. As consideration for Tilray Brands' interest in the Notes, Tilray Brands would pay 95% of the then outstanding principal balance for the Notes which includes accrued and unpaid interest on the Notes, as well as other agreed direct and indirect costs incurred by Tilray Brands in connection with the Transaction. Until closing, HTI may continue to redeem the Notes pursuant to their terms; however, in no event shall the outstanding principal balance of the Notes, when ultimately purchased by Tilray Brands, be less than US$182 million. Among the various amendments to be made to the Notes, the initial conversion price would be C$0.90, implies that, as at March 2, 2022, Tilray Brands has the right to convert into approximately 37% of HEXO Shares. The Purchase Price would be satisfied in cash, common shares of Tilray Brands, or a combination thereof, at Tilray Brands' sole discretion. HEXO will not receive any proceeds as a result of Tilray Brands' proposed purchase of the Notes from HTI. In connection with the proposed Transaction, the parties would amend and restate the indenture governing the Notes to, among other things, extend the maturity date by three years, to May 1, 2026; provide for the revised interest amounts previously identified; and amend or eliminate certain affirmative and negative covenants, including as it relates to minimum liquidity and minimum EBITDA covenants. The Notes will also provide Tilray Brands with subscription rights and top-up rights in respect of all future equity and debt issuances by HEXO following closing, other than in respect of certain customary exceptions.
MDNA

Hot Stocks

07:18 EST Medicenna Therapeutics forms CAB, appoints Dhingra as Strategic Advisor - Medicenna Therapeutics announced the formation of its Clinical Advisory Board, CAB, comprised of Drs Paolo Ascierto, Lillian Siu and Hussein Tawbi and the appointment of Dr. Kapil Dhingra as a Strategic Advisor. "Dr. Dhingra has significant experience in the biotech and pharma industry at the board and operational level and is an accomplished physician-scientist. As Vice President, Head of the Oncology Disease Biology Leadership Team and Head of Oncology Clinical Development at Hoffmann-La Roche, Dr. Dhingra successfully guided multiple drugs to approval, including Herceptin, Tarceva, and Avastin," the company said.
BGNE

Hot Stocks

07:17 EST BeiGene says BRUKINSA approved by Health Canada for MZL treatment - BeiGene announced that BRUKINSA or zanubrutinib, has been approved by Health Canada for the treatment of adult patients with marginal zone lymphoma, MZL, who have received at least one prior anti-CD20-based therapy. "We are pleased that BRUKINSA is now approved in its third indication in Canada, R/R MZL, and this terrific milestone was made possible by the participating patients and investigators. This approval further supports our belief that BRUKINSA is a potentially best-in-class BTK inhibitor, with the MAGNOLIA trial results in R/R MZL providing additional evidence that the selective design of BRUKINSA can be translated into improved treatment outcomes," said Jane Huang, M.D., Chief Medical Officer of Hematology at BeiGene. "We will continue to work with physicians and their patients as part of our broad global clinical program for BRUKINSA, which includes 35 trials and more than 3,900 subjects across 28 markets." "BRUKINSA is a highly selective next-generation BTK inhibitor designed to improve tolerability by minimizing off-target binding. In clinical trials, BRUKINSA achieved a high overall response rate among relapsed/refractory MZL patients and was generally well-tolerated. With this approval, Canadian patients with R/R MZL will have the option to receive BRUKINSA monotherapy as a treatment and a new hope for improved treatment outcomes," said Dr. Anthea Peters, a hematologist at the Cross Cancer Institute in Edmonton, Alberta.
YEXT

Hot Stocks

07:16 EST Yext launches global startup program using AI search solutions - Yext announced a global startup program designed to help early-stage companies scale their digital presence and engagement with Yext's AI search solutions. To be eligible for the program, startup companies must be under five years old with less than $5M of funding. Once accepted, they will receive credits valuing $35K to build Yext-powered AI search experiences. Startups in the program will have access to technology to get started, including data storage, Yext's application programming interface, software development kit, learning management system, etc. Yext is working in tandem with more than 20 program partners, including Zendesk, Hubspot, Sequoia, Primary VC, and Betaworks.
TNXP

Hot Stocks

07:16 EST Tonix Pharmaceuticals announces FDA Orphan-Drug Designation for TNX-2900 - Tonix Pharmaceuticals announced that the U.S. Food and Drug Administration has granted Orphan-Drug Designation for TNX-2900 for the treatment of Prader-Willi syndrome. "Orphan-Drug Designation by the FDA is an important milestone and further validates our efforts to investigate the utility of TNX-2900 for Prader-Willi syndrome," said Seth Lederman, M.D., Chief Executive Officer of Tonix Pharmaceuticals. "It underscores the urgent, unmet medical need for patients diagnosed with this disease, and will benefit us as we continue to advance our program."
HEXO TLRY

Hot Stocks

07:16 EST Hexo enters strategic partnership with Tilray including debt financing agreement - HEXO announced that the Company has taken a significant step in executing on its strategic plan -The Path Forward - by finalizing a strategic partnership with Tilray Brandswhich includes a new debt financing agreement. Under the new agreement, Tilray Brands will acquire US$211 million of senior secured convertible notes that were originally issued by HEXO to HT Investments MA. The new terms of the Notes are significantly more favourable to HEXO and will enable the Company to strengthen its balance sheet and accelerate its transformation into a cash flow positive business within the next four quarters. The new partnership also brings together Canada's top two cannabis market share leaders and is expected to create efficiencies of up to C$50 million within two years which will be shared equally between HEXO and Tilray Brands. In addition to the restructured debt, HEXO has also signed an agreement with KAOS Capital and its partners to provide a C$180 million equity backstop to the Company, to maintain HEXO's newly strengthened balance sheet and ensure that all interest and operational costs are covered going forward. The companies said, "We believe the strategic alliance between Hexo and Tilray Brands will provide several financial and strategic benefits including the following: Operational Flexibility: The purchase of the Notes would provide HEXO with immediate operational flexibility by eliminating the monthly redemption feature, amending the financial covenants and extending the maturity, among other things. The terms of the transaction unlock US$80 million of previously-restricted cash which, when combined with the C$180 million equity backstop commitment, provides HEXO with significant liquidity to invest in organic growth. Substantial Synergies: Tilray Brands and HEXO have entered into an agreement to form a strategic partnership, which is expected to deliver up to C$50 million of cost synergies within two years of the completion of the transaction. Both companies have been working together to evaluate cost saving synergies as well as other production efficiencies, including with respect to cultivation and processing services, certain Cannabis 2.0 products, including pre-rolls, beverages and edibles and shared services and procurement. Increases Product Breadth and Commitment to Innovation: Leveraging both companies' commitment to innovation, brand building and operational efficiencies, both companies will share expertise and know-how in order to strengthen market positioning and capitalize on opportunities for growth through a broadened product offering and new innovation." Under the terms of the transaction, and subject to negotiation of the definitive documents and the satisfaction of specific conditions, Tilray Brands has agreed to acquire 100% of the remaining US$211.3 million outstanding principal balance of the Notes, all of which were originally issued by HEXO to HTI. As consideration for Tilray Brands' purchase of the Notes, Tilray Brands will pay HTI 95% of the then current outstanding principal for the Notes. Until closing, HTI may continue to redeem the Notes pursuant to their terms, however in no event shall the principal of the purchased Notes be less than US$182 million prior to the closing of the Transaction. Among the various amendments to be made to the Notes, the initial conversion price will be C$0.90 , which, as of March 2, 2022, implies that Tilray Brands has the right to convert the Notes into approximately 37% of the outstanding common shares of HEXO, inclusive of all equity issuances associated with the Transaction at closing. The Purchase Price will be satisfied in cash, common shares of Tilray Brands, or a combination thereof. In connection with the purchase of the Notes, Tilray Brands and HEXO intend to extend the maturity date by three years, to May 1, 2026, in order to provide HEXO with the flexibility and time to continue implementing its strategic "The Path Forward" growth plan. As consideration for entering into the Transaction, HEXO and Tilray Brands have agreed to work together, in good faith, to evaluate cost saving synergies as well as other production efficiencies and propose to enter into definitive agreements related to certain mutually agreed commercial transactions. Total savings, which will be shared equally between HEXO and Tilray Brands, are expected to be up to C$50 million within two years.
ODFL

Hot Stocks

07:15 EST Old Dominion reports revenue per day increased 38.3% in February vs. last year - Old Dominion Freight Line reported certain less-than-truckload operating metrics for February 2022. Revenue per day increased 38.3% as compared to February 2021 due to an 18.3% increase in LTL tons per day and an increase in LTL revenue per hundredweight. The change in LTL tons per day was attributable to a 19.8% increase in LTL shipments per day that was partially offset by a 1.3% decrease in LTL weight per shipment. For the quarter-to-date period, LTL revenue per hundredweight and LTL revenue per hundredweight, excluding fuel surcharges, increased 16.8% and 10.7%, respectively, as compared to the same period last year. Greg C. Gantt, President and Chief Executive Officer of Old Dominion, commented, "Old Dominion's revenue growth for the first two months of the quarter reflects our ongoing ability to win market share while also improving our yield. Demand for our superior service, as well as the domestic economy, both remained consistently strong. We expect these favorable trends to continue and, as a result, we remain committed to further expanding the capacity of our people, our fleet, and our service center network to support anticipated growth this year. The combination of these ongoing investments and our ability to deliver superior service at a fair price continue to form the foundation of our long-term strategic plan. As we continue to execute on the fundamental elements of this plan, we remain confident in our ability to produce further profitable growth and increase shareholder value."
LCUT

Hot Stocks

07:14 EST Lifetime Brands announces acquisition of S'well - Lifetime Brands announced that it has acquired the business and certain assets of Can't Live Without It, d/b/a S'well Bottle. Rob Kay, Lifetime's Chief Executive Officer, commented, "We are extremely pleased to welcome the S'well brand to our portfolio. S'well originated the category of sustainable hydration products and has consistently been a design, feature and product innovator. The brand is a perfect fit for our growing and successful hydration and storage categories, where we have already made great progress growing our BUILT brand. S'well's established e-commerce presence will expand our direct-to-consumer offering and its significant corporate partnership business will open up a new and attractive channel for Lifetime. Additionally, S'well's recognition as a leader in sustainability helps reinforce our commitment in this important area. We expect this highly complementary addition to our portfolio to have an accretive impact on our earnings beginning in 2022." Terms of the acquisition were not disclosed. The Company believes that once fully integrated into Lifetime's operations, a process expected to be completed in the second quarter of 2022, S'well will contribute approximately $4.5M of annualized EBITDA.
GRAB

Hot Stocks

07:13 EST Grab Holdings sees Q1 mobility GMV to be between $750M-$800M
CTEK

Hot Stocks

07:12 EST CynergisTek announces VSM contract renewal - CynergisTek recently announced a six-figure Vendor Security Management, or VSM, contract renewal for an additional three years with one of the Mid-Atlantic region's leading networks of healthcare providers. CynergisTek will continue to support this client's goal of implementing and maintaining an effective third-party risk management program while alleviating their internal workload and demand on resources.
GRAB

Hot Stocks

07:11 EST Grab Holdings sees Q1 deliveries GMV to be between $2.4- $2.5B
FULC

Hot Stocks

07:11 EST Fulcrum Therapeutics announces upcoming milesones - Losmapimod: Initiate REACH, a Phase 3 randomized, double-blind, placebo-controlled multi-national trial to evaluate the efficacy and safety of losmapimod for the treatment of facioscapulohumeral muscular dystrophy. The trial is expected to enroll approximately 230 adults with FSHD. Patients will be randomized 1:1 to receive either losmapimod, administered orally as a 15 mg tablet twice a day, or placebo, and evaluated over a 48-week treatment period. The primary endpoint of the trial is the absolute change from baseline in Reachable Workspace. Secondary endpoints include muscle fat infiltration, Patient Global Impression of Change, and Quality of Life in Neurological Disorders of the upper extremity. The trial will also include patient-centered assessments of healthcare utilization. FTX-6058: Report initial data, including measures of HbF protein induction and safety, from the Phase 1b trial in people with sickle cell disease in the second quarter of 2022. Initiate Phase 1b trial in select other hemoglobinopathies, including beta-thalassemia, in the second quarter of 2022. Initiate registrational trial in sickle cell disease in early 2023. Preclinical Pipeline: Nominate next development candidate by end of 2022 to support the company's fourth Investigational New Drug by the end of the first quarter of 2023.
FULC

Hot Stocks

07:10 EST Fulcrum Therapeutics expects cash to fund requirements into 2024 - As of December 31, 2021, cash, cash equivalents, and marketable securities were $218.2 million, as compared to $112.9 million as of December 31, 2020. Based on current plans, the company expects that its existing cash, cash equivalents, and marketable securities will be sufficient to enable it to fund its operating expenses and capital expenditure requirements into 2024.
BBY

Hot Stocks

07:09 EST Best Buy increases quarterly dividend 26%, announces $5B share repurchase plan - The company announced its board of directors approved a 26% increase in the regular quarterly dividend to 88c per share. The regular quarterly dividend will be payable on April 14 to shareholders of record as of the close of business on March 24. In addition, the company's board of directors approved a new $5B share repurchase authorization, replacing the existing authorization dated February 2021, which had $1.6B in repurchases remaining at the end of FY22.
HUT

Hot Stocks

07:09 EST Hut 8 Mining provides production update for February - Hut 8 Mining achieved record Bitcoin holdings in the period ending February 28. Production highlights for February 2022 include: 289 Bitcoin were mined, resulting in an average production rate of 10.3 Bitcoin per day; Ethereum mining - paid in Bitcoin - generated approximately 14% of total production, at an average cost of less than C$2,600 per Bitcoin; 100% of the self-mined Bitcoin for February were deposited into custody, consistent with Hut 8's HODL strategy; total Bitcoin balance held in reserve is 6,115 as of February 28; installed operating capacity currently sits at 2.5 EH/s, a 5% increase from January 31; installed 2,715 MicroBT M30S and M31S+ miners; construction at Hut 8's third mining facility located in North Bay, Ontario continues to advance.
BLRX

Hot Stocks

07:07 EST BioLineRx's Motixafortide shows cost benefits in stem cell mobilization - BioLineRx announced additional positive results from a follow-on pharmacoeconomic study that was performed based on data from the company's Phase 3 GENESIS trial. This new study indirectly evaluated the cost-effectiveness of using the investigational drug Motixafortide as a primary stem cell mobilization - SCM - agent in combination with granulocyte colony stimulating factor - G-CSF -, against plerixafor in combination with G-CSF, in multiple myeloma patients undergoing autologous stem cell transplantation - ASCT -. The results from the follow-on study reinforce and enhance the economic benefits previously seen in the main study evaluating Motixafortide in combination with G-CSF, versus G-CSF alone, as part of the GENESIS study, on which the company reported in October 2021. The additional study results show that Motixafortide in combination with G-CSF, versus plerixafor in combination with G-CSF, demonstrates a statistically significant decrease in health resource utilization - HRU -during the ASCT process. Lifetime estimates show quality-adjusted-life-year benefits and net cost savings of ~$30K not including the cost of Motixafortide, versus plerixafor plus G-CSF.
LITE

Hot Stocks

07:05 EST Lumentum raises share repurchase authorization to $1B - Lumentum Holdings announced that its Board of Directors has authorized an increase of its share repurchase program to $1B which is currently underway and will now expire in May 2024. This supersedes the previous share repurchase program of $700M over two years that was announced in May 2021.
PASG

Hot Stocks

07:05 EST Passage Bio expects cash to fund operations to year-end 2023 - Cash, cash equivalents and marketable securities were $315.8 million as of December 31, 2021, as compared to $304.8 million as of December 31, 2020. The Company expects current cash, cash equivalents and marketable securities to fund operations to year-end 2023.
PASG

Hot Stocks

07:05 EST Passage Bio announces anticipated upcoming milestones - Anticipated Upcoming Milestones: Dose first patients in Phase 1/2 studies for Krabbe disease and FTD-GRN in early 2022. Additional clinical data milestone timing to be provided following dosing of first patients. Submit Investigational New Drug application for Phase 1/2 clinical program for PBML04 in mid-2022. Present interim safety and biomarker data for Cohorts 2 and 3 for Imagine-1 clinical trial for GM1 in 2H 2022. Advance pipeline programs for amyotrophic lateral sclerosis, Charcot-Marie-Tooth Type 2A, Parkinson's disease, Canavan disease and Huntington's disease. Evaluate new product candidate programs with GTP to continue to expand pipeline in 2022. Operationalize new pilot manufacturing suite by year-end 2022 at the Princeton West Innovation Campus in Hopewell, N.J., for scale-up capability to support R&D pipeline as well as future development plans.
ALTR

Hot Stocks

07:04 EST Altair Engineering acquires Powersim, terms not disclosed - Altair acquired Powersim, a provider of simulation and design tools for power electronics, including power supplies, motor drives, control systems, and microgrids. This acquisition expands Altair's electronic system design technology into the domain of power electronics.
EMR

Hot Stocks

07:03 EST One Rock Capital to acquire Therm-O-Disc from Emerson, terms not disclosed - One Rock Capital Partners announced that one of its affiliates has entered into a definitive agreement to acquire Therm-O-Disc, a subsidiary of Emerson. Therm-O-Disc is a designer and manufacturer of safety-critical sensors, thermal cutoffs and sealed connecting components primarily used in heating, ventilation and air conditioning, appliance, water heater, industrial, aerospace & defense, and transportation applications. Headquartered in Mansfield, Ohio, Therm-O-Disc has over 4,000 employees globally. Completion of the transaction, which is expected in the first half of 2022, is subject to applicable regulatory approvals and customary closing conditions.
PAQC

Hot Stocks

07:00 EST Provident Acquisition to merge with Perfect - Provident Acquisition and Perfect, a global provider of augmented reality - AR - and artificial intelligence - AI - Software-as-a-Service solutions to beauty and fashion industries, announced a definitive agreement for a business combination that would result in Perfect becoming a publicly-traded company. The combined company will focus on accelerating Perfect's global expansion. Upon the transaction closing, the combined company will be named Perfect Corp. and will be listed on the Nasdaq under the ticker symbol "PERF". Founded in 2015, Perfect is a provider of AI and AR SaaS solutions to the beauty and fashion industries. Perfect is led by Alice Chang, who held leadership positions at various technology companies, including being the Co-Founder and CEO of CyberLink. Perfect is backed by renowned strategic investors, including CyberLink; Snap, a US-based camera company; Goldman Sachs Asset Management; Alibaba Group; Yuanta Asia Investment, and CCV, an investment firm focused on making early-stage and growth-stage investment in the TMT area. The transaction sets Perfect's enterprise value at $1.02B. The business combination is expected to provide Perfect with approximately $335M in gross proceeds, including $50M from concurrent PIPE transaction, $55M from the forward purchase agreements, and $230M currently held in trust by Provident. Cash proceeds from the proposed transaction will be used to support Perfect's global expansion of its AR and AI SaaS solutions. The proposed transaction has been approved by the boards of directors of both Provident and Perfect. Completion of the transaction is subject to the approval by the shareholders of both companies and other conditions. The transaction is expected to be completed in Q3.
PNR

Hot Stocks

06:53 EST Pentair sees 25c of adjusted EPS accretion in 2023 from Manitowoc Ice deal - Pentair plc (PNR) announced that it has entered into a definitive agreement to acquire Manitowoc Ice, a portfolio brand of Welbilt, Inc. (WBT) and provider of commercial ice makers, for $1.6B, subject to customary adjustments. When adjusted for approximately $220M of expected tax benefits, the net transaction value is approximately $1.38B. The deal is expected to add about 25c of adjusted EPS accretion in 2023 and about 40c in 2025. Adjusted EPS accretion is expected in 2022 based on anticipated acquisition closing timing. The company sees an expected EBITDA margins of 30%+ for Manitowoc Ice, "significant revenue synergies, and accelerated deleveraging based on strong free cash flow," Pentair added.
BKE

Hot Stocks

06:51 EST The Buckle reports February net sales up 32.9% to $87.9M - The Buckle announced that comparable store net sales, for stores open at least one year, for the 4-week period ended February 26, increased 33.3% from comparable store net sales for the 4-week period ended February 27, 2021. Net sales for the 4-week fiscal month ended February 26, increased 32.9% to $87.9M from net sales of $66.1M for the prior year 4-week fiscal month ended February 27, 2021.
PNR WBT

Hot Stocks

06:49 EST Pentair to acquire Manitowoc Ice from Welbilt for $1.6B - Pentair plc (PNR) announced that it has entered into a definitive agreement to acquire Manitowoc Ice, a portfolio brand of Welbilt, Inc. (WBT) and provider of commercial ice makers, for $1.6B, subject to customary adjustments. When adjusted for approximately $220M of expected tax benefits, the net transaction value is approximately $1.38B. Pentair expects to fund the acquisition with new debt that is anticipated to be investment grade. Subject to customary closing conditions and necessary regulatory approvals, the transaction is expected to close in the second quarter of 2022. "With a global installed base of approximately 1 million units and more than 200 models of commercial ice machines worldwide, Manitowoc Ice has excelled at delivering differentiated product innovation, food safety and sustainability in icemaking. Manitowoc Ice employs more than 800 team members and operates facilities in Manitowoc, Wis., Monterrey, Mexico and Hangzhou, China. Manitowoc Ice generated $308 million in revenue in 2021 with EBITDA margins of approximately 30%," the company said. "We expect this strategic acquisition to be a game changer for our commercial water solutions platform, establishing a differentiated, total water management offering and expanded network within the foodservice industry. Manitowoc Ice's industry-leading global positions in an incredibly attractive industry, coupled with its strong track record of profitable growth and culture of innovation and sustainability are expected to further establish Pentair as a leader in a vast and growing industry. At Pentair, we have remained steadfast in our commitment to developing tailored, sustainable solutions that bring water to life through effortless user experiences. We believe Manitowoc Ice's culture and priorities are highly aligned with this mindset through value-added solutions that are centered on its customers' needs. With the addition of Manitowoc Ice, we expect Pentair will have the opportunity to bring to our customers a total water management solution that optimizes complementary portfolios through a large installed customer base in foodservice. Further, it will provide an additional growth engine for Pentair that augments our leading industry positions and innovative offerings, ultimately positioning us well for long-term value creation for our stakeholders," said John Stauch, Pentair President and CEO.
BURL

Hot Stocks

06:48 EST Burlington Stores sees 2022 CapEx $725M - Expets to open 120 new stores, while relocating or closing 30 stores, for a total of 90 net new stores in FY22.
VRAY

Hot Stocks

06:42 EST ViewRay announces Acibadem Group purchases second MRIdian system - ViewRay announced that the Acibadem Group has purchased a second MRIdian MRI-guided radiation therapy system for installation at the Acibadem Altunizade Hospital in Istanbul, Turkey.
VIAV

Hot Stocks

06:41 EST Viavi, OFS collaborate on Bismuth-doped fiber amplifier - OFS and Viavi announced they have collaborated on the first test and measurement focused amplifier based on a new OFS Bismuth-doped fiber. The OFS fiber is the first to be produced at sufficient volumes to meet growing demand for 400 GbE and 800 GbE test applications worldwide. At OFC 2022, OFS will showcase Bismuth fiber at Booth #3939, and VIAVI will showcase the MAP Bismuth Doped Fiber Amplifier at Booth #3727.
SOHO

Hot Stocks

06:40 EST Sotherly Hotels sees Q1 composite RevPAR down 20% vs. 1Q19
MKTX

Hot Stocks

06:40 EST MarketAxess announces February trading volume $716.8B - MarketAxess announced monthly trading volume for February of $716.8B, consisting of $221.4B in credit volume and $495.4B in rates volume. "Our total trading volumes in February increased 17%, driven principally by a 29% increase in U.S. Treasury volume on the expansion of our active clients, and we also registered strong international growth in Eurobonds, with a 9% increase in trading volumes, compared to a 10% decrease in estimated market volumes," commented Rick McVey, Chairman and CEO of MarketAxess. "In U.S. credit, our trading volumes are approaching levels last seen during the pandemic, and credit spreads and credit spread volatility have continued to increase, which, we believe, are creating a more favorable environment for Open Trading, our differentiated liquidity pool.
BVH

Hot Stocks

06:38 EST Bluegreen Vacations authorizes additional $50M share repurchase program - Bluegreen Vacations announced that its Board of Directors has expanded the company's share repurchase program by authorizing the repurchase of an additional $50M of shares of the company's Class A and Class B Common Stock. Based on the Board's expansion of the program, approximately $62.7M will be available for repurchasing shares in the future.
AZN

Hot Stocks

06:20 EST AstraZeneca's Nirsevimab 'significantly' protects infants against RSV - The company states: "Detailed results from the positive MELODY Phase III trial showed a single dose of AstraZeneca and Sanofi's nirsevimab met the primary efficacy endpoint reducing the incidence of medically attended lower respiratory tract infections caused by respiratory syncytial virus by 74.5%, compared to placebo. The trial involved healthy term and late preterm (gestational age greater than or equal to35 weeks) infants entering their first RSV season. Additionally, the MEDLEY Phase II/III trial, which evaluated safety and pharmacokinetics of nirsevimab in infants with congenital heart disease, chronic lung disease and prematurity entering their first RSV season, demonstrated nirsevimab had a similar safety and tolerability profile compared to Synagis. Serum levels of nirsevimab following dosing in this trial were comparable with those observed in the MELODY Phase III trial, indicating similar protection in this population to that in the healthy term and late preterm infants is likely.1-4 Synagis is currently the only available preventative option for RSV. Nirsevimab is an investigational long-acting antibody designed to protect all infants through their first RSV season with a single dose. It is the first potential immunisation to show protection against RSV in the general infant population in a Phase III trial." Reference Link
TSLA

Hot Stocks

06:12 EST Tesla's Musk invites UAW to hold vote at Tesla California factory - Tesla CEO Elon Musk invited the UAW to hold a vote at the company's California factory. In a tweet, Musk said: "Our real challenge is Bay Area has negative unemployment, so if we don't treat and compensate our (awesome) people well, they have many other offers and will just leave! I'd like hereby to invite UAW to hold a union vote at their convenience. Tesla will do nothing to stop them." Reference Link
CTRE

Hot Stocks

06:11 EST CareTrust REIT acquires skilled nursing facility in Decatur, Illinois - CareTrust REIT announced that it has acquired a skilled nursing campus in Decatur, Illinois. The Imboden Creek Living Center, Gardens, and Villas campus features 95 licensed skilled nursing beds, 46 assisted living units, and five independent living units. The acquisition was a "tack-on" to CareTrust's existing eight-property master lease with Harrisburg, Illinois-based operator WLC Management Firm, LLC, which will replace the outgoing operator.
QH

Hot Stocks

06:11 EST Quhuo receives Nasdaq non-compliance notice - Quhuo received a notification letter dated March 1 from the Listing Qualifications Department of The Nasdaq Stock Market, indicating that the company is not in compliance with the minimum bid price requirement set forth in Nasdaq Listing Rules as the closing bid price of the company's American depositary share has been below $1.00 per ADS for a period of 30 consecutive trading days. The Notification Letter has no immediate impact on the company's listing on the Nasdaq Capital Market. The company has a compliance period of 180 calendar days, or until August 29, to regain compliance with Nasdaq's minimum bid price requirement. If the company does not regain compliance by August 29, 2022, the Company may be eligible for additional time to regain compliance or may face delisting. The company is considering its options, including an adjustment of its ADS-to-Class A ordinary share ratio, to regain compliance with the minimum bid price requirement.
HITI

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06:09 EST High Tide to acquire four operating retail cannabis stores in Ontario for C$2.5M - High Tide announced that it is taking yet another step to expand its bricks-and-mortar retail cannabis operations, by entering into a definitive agreement pursuant to which High Tide will acquire four operating retail cannabis stores in Ontario under the name Crossroads Cannabis, for C$2.5M. The stores are located in Stratford, Woodstock, Hanover and Markdale. For the three months ended December 31, 2021, Crossroads generated annualized revenue of C$7.6M and annualized adjusted EBITDA of C$0.7M. The purchase price represents 3.5x annualized adjusted EBITDA for the three months ended December 31, 2021. The transaction, which is an arm's length transaction, is subject to, among other things, receipt of required TSX Venture Exchange approval, Alcohol and Gaming Commission of Ontario approval, and other customary conditions of closing, is expected to close in the coming weeks. The consideration for the stores being acquired will be C$2.5M paid in common shares of High Tide on the closing of the transaction on the basis of a deemed price per High Tide Share equal to the volume weighted average price per High Tide Share on TSXV for the 10 consecutive trading days preceding closing. On closing the stores will include $285,000 of inventory. The purchase price represents 3.5x annualized adjusted EBITDA for the three months ended December 31, 2021. Including the Crossroads Stores, following closing, High Tide will have at least 37 stores in Ontario and 115 stores nationwide. The High Tide Shares issued pursuant to the consideration will be subject to a statutory hold period of four months and one day from closing.
BDSX

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06:09 EST Biodesix's PIR test shows predictive efficacy in lung cancer - Biodesix announced impactful data on the Primary Immune Response - PIR - test at the IASLC 2022 Targeted Therapies of Lung Cancer Meeting. The data showed that the Biodesix PIR test was predictive for survival outcomes when tested at baseline or 3 weeks after immune checkpoint inhibitor - ICI - treatment initiation. Furthermore, the data suggested that patients classified as PIR-Resistant were more likely to experience rapid onset of immune related adverse events when treated with ICIs. "This data is meaningful for patients with non-small cell lung cancer who are being considered for treatment with ICIs. Immune Checkpoint inhibitor drugs have gained interest in oncology because of their ability to boost a person's immune response against cancer cells. It was recently estimated that nearly half of US patients with cancer are eligible for ICI therapy, however only about 1 in 8 will respond," said CEO Scott Hutton. "Developing tools that provide a better understanding of a patient's likely overall outcome and adverse events prior to treatment with ICIs will be critical for both the physician and patient, which is the true benefit of the PIR test." While the PIR test is not yet commercially available, it is being studied further in multiple ongoing clinical studies and is expected to launch commercially in 2023.
CANB

Hot Stocks

06:07 EST Can B Corp. forms joint venture with PrimeX for CBD products in Brazil - Can B Corp. is pleased to announce its formation of a joint venture with PrimeX, a marketing, sales, and distribution company, for its CBD products in Brazil. PrimeX has a contract with Biocase Brasil to produce CBD products for the Brazilian market. Biocase is a company focused on: local distribution, an intensive education program for doctors (MDs), production of oils, capsules, and creams through local facilities, and the development of a biotech laboratory for cannabis testing and extraction. Biocase Brasil has a strong network of doctors in Brazil and provides education, research, products development, and tests for the Brazilian market. Brazil relies on medical clinical trials to test CBD products for new categories, such as beauty, veterinary use, and food, before regulation permits the distribution to pharmacies and online sales. Biocase Brasil patients also have access to prescriptions and Anvisa licenses! PrimeX services 120,000 retailers in Brazil, which includes markets, pharmacies, and bodegas, a country that recently approved the sale of CBD products in pharmacies. The joint venture will utilize PrimeX's existing distribution relationships in Brazil.
SRLP

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06:05 EST Sprague Resources still sees 2022 adjusted EBITDA $105M-$120M
HITI

Hot Stocks

06:05 EST High Tide to acquire Crossroads Cannabis for C$2.5M - High Tide is pleased to announce that it is taking yet another step to expand its bricks-and-mortar retail cannabis operations, by entering into a definitive agreement pursuant to which High Tide will acquire four operating retail cannabis stores in Ontario under the name Crossroads Cannabis, for C$2.5M. The Stores are located in Stratford, Woodstock, Hanover and Markdale. The Stratford store is located in a retail plaza anchored by a national discount grocery chain. The Woodstock store is located in a shopping centre anchored by a large national home improvement store. The Hanover store is located in a power centre with numerous anchors including national grocery and big box retail chains. The Markdale store is well-located immediately beside the provincial liquor retailer. For the three months ended December 31, 2021, Crossroads generated annualized revenue of C$7.6M and annualized Adjusted EBITDA of $0.7M. The purchase price represents 3.5x annualized Adjusted EBITDA for the three months ended December 31, 2021.
SANM

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05:40 EST Sanmina, RSBVL to create manufacturing joint venture in India - Sanmina and Reliance Strategic Business Ventures, or RSBVL, a wholly-owned subsidiary of Reliance Industries, India's largest private sector company, announced that they have entered into an agreement to create a joint venture through an investment in Sanmina's existing Indian entity. The day-to-day business will continue to be managed by Sanmina's existing management team in Chennai. The joint venture will create an electronic manufacturing hub in India, in line with the Hon'ble Prime Minister's "Make in India" vision. The joint venture will prioritize high technology infrastructure hardware, for growth markets, and across industries such as communications networking, medical and healthcare systems, industrial and cleantech, and defense and aerospace. In addition to supporting Sanmina's current customer base, the joint venture will create a 'Manufacturing Technology Center of Excellence' that will serve as an incubation center to support the product development and hardware start-up ecosystem in India. RSBVL will hold 50.1% equity stake in the joint venture entity with Sanmina owning the remaining 49.9%. RSBVL will achieve this ownership primarily through an investment of up to Rs 1,670 crore in new shares in Sanmina's existing Indian entity, while Sanmina will contribute its existing contract manufacturing business. As a result of the investment, the joint venture will be capitalized with over $200M of cash to fund growth.
WMT

Hot Stocks

05:36 EST Walmart announces cheaper fee for money transfers to Mexico - Walmart announced it is making it cheaper for its customers to send money to Mexico. Customers can now send money from any Walmart store in the U.S. to any Walmart store in Mexico for as little as $2.50 per transaction through its Walmart2Walmart money transfer program, at least 50% lower than similar offerings on the market.
RYB

Hot Stocks

05:29 EST RYB Education to divest directly operated kindergarten business, change name - RYB Education announced that its subsidiaries have entered into termination agreements with certain variable interest entities. By entering into those termination agreements, RYB will no longer have contractual control over its directly operated kindergarten business. The divesture aims to fully address compliance requirements with regard to relevant laws and regulations. Concurrently, the company is proposing to change its name from RYB Education to Gravitas Education, subject to approval at the next extraordinary general meeting. The divested kindergartens will continue to be operated by the current management team, ensuring consistency and continued delivery of high quality education to students. This divesture includes the termination of agreements by and among Beijing RYB Technology, Beijing RYB Children Education and its shareholders. As compensation for the termination of VIE agreements, an aggregate amount of RMB 158.5M will be paid in installments to its WFOE. Its WFOE has entered into service agreements at arm's length terms, following market prices and conditions, with its VIE. The audit committee of the board of the directors of the company, with the assistance of a third-party financial advisor, has independently reviewed and approved the divesture as a related party transaction at arm's length terms. The divesture proposal was submitted to the board of directors of the company, and was officially approved.
BILI

Hot Stocks

05:22 EST Bilibili announces $500M share repurchase program, CEO to purchase $10M shares - The company announced that its board of directors has authorized a share repurchase program under which the company may repurchase up to $500M of its ADSs for the next 24 months. The company's proposed repurchases may be made from time to time in the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations. The company plans to fund the repurchases from its existing cash balance. In addition, Rui Chen, chairman and chief executive officer of Bilibili, has informed the company of his intention to use his personal funds to purchase up to $10M of the company's ADSs in the open market for the next 24 months.