Stockwinners Market Radar for March 12, 2022 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service

MGI

Hot Stocks

19:01 EST MoneyGram to suspend services in Russia - MoneyGram International issued the following statement: "We have been closely monitoring the situation in Ukraine with great concern for all those impacted. As the humanitarian crisis in the region continues to escalate, we are providing notice to our customers and agents of our decision to suspend services in Russia. We join many voices in expressing our hope for a swift and peaceful resolution to protect civilians across all impacted regions and will continue to assess the situation. Our top priority remains the safety of our employees, agents, partners, and their families. We have been in close contact with our impacted colleagues to provide support during this difficult time. We have also increased our support for our partnership with Save the Children, which is actively engaged in relief efforts in the region. Last week, the MoneyGram Foundation approved an emergency grant directed towards the Ukrainian Relief Fund. MoneyGram services remain available in Ukraine - both for individuals to receive funds in-person or digitally directly to their bank account. Every day we see more transactions sent to Ukraine and surrounding countries such as Poland as customers transfer money to their families who are increasingly in need during this crisis."
PTEN

Hot Stocks

18:16 EST Patterson-UTI exec Holcomb sells 60,000 common shares - In a regulatory filing, Patterson-UTI president of the drilling subsidiary James Michael Holcomb disclosed the sale of 60,000 common shares of the company on March 10 at a price of $15.97 per share.
PTEN

Hot Stocks

18:14 EST Patterson-UTI CFO Smith sells 50,000 common shares - In a regulatory filing, Patterson-UTI CFO Charles Andrew Smith disclosed the sale of 50,000 common shares of the company on March 10 at a price of $16.20 per share.
ELMS

Hot Stocks

18:04 EST Electric Last Mile Solutions 'actively pursuing potential sources of liquidity' - In a regulatory filing, the company said, "The company continues to work with outside advisors to determine its current liquidity position and ongoing funding needs. The company previously announced on February 1, 2022 that it expected to report that it had $132.0 to $142.0 million in cash and cash equivalents, which includes $25.0 to $30.0 million of restricted cash, as of December 31, 2021. The company has since confirmed that it had approximately $137 million in cash and cash equivalents, which included approximately $27 million of restricted cash, as of December 31, 2021. As of March 10, 2022, the company currently estimates it has approximately $95 million in cash and cash equivalents, including approximately $24 million in restricted cash. The company currently believes it has sufficient cash to continue operations through sometime between July and September 2022. We are continuing to evaluate our rate of cash expenditures, which will be affected by expenses related to professional fees associated with ongoing compliance, regulatory and litigation matters; financial statement preparation and audit costs; and the pace and cost of our ongoing vehicle development work. Additionally, as disclosed in Item 5.02 of this Current Report on Form 8-K, the company has provided notice to Mr. Taylor of the termination of the Consulting Agreement and his services thereunder. The company is actively pursuing potential sources of liquidity and is working to extend its cash runway during this process to the extent possible, if at all. The company will not be able to launch the Urban Delivery, Urban Utility or any other vehicle without obtaining such additional liquidity."
ELMS

Hot Stocks

18:02 EST Electric Last Mile Solutions announces SEC probe - In a regulatory filing, the company said, "On March 7, 2022, the company learned that the Division of Enforcement of the Securities and Exchange Commission is conducting an investigation involving the matters discussed in Current Reports on Form 8-K filed by the company on September 27, 2021, February 1, 2022 and February 14, 2022 and Exhibits 99.1 and 99.2 to Forum Merger III Corporation's Current Report on Form 8-K filed on March 16, 2021. The company intends to cooperate fully with the SEC investigation. At this point, the company cannot predict the eventual scope, duration or outcome of this matter."
ELMS

Hot Stocks

18:01 EST Electric Last Mile Solutions withdraws prior guidance - In a regulatory filing, the company said, "In connection with management's review, the company has decided to withdraw all previously issued business outlook and related forward-looking statements, as well as other commercialization targets issued by the company, until such time as it has improved forecasting confidence. The statements in this Current Report on Form 8-K hereby supersede any previously issued disclosure and guidance from the company with respect to such matters. The company intends to keep the public informed of its progress."
ZEUS

Hot Stocks

17:56 EST Olympic Steel senior advisor Wolfort sells 45,351 common shares - In a regulatory filing, Olympic Steel senior advisor David Wolfort disclosed the sale of 45,351 common shares of the company on March 10 at a price of $30.99 per share.
CME

Hot Stocks

17:37 EST CME Group exec Tully sells 3,000 class A shares - In a regulatory filing CME Group executive Sean Tully disclosed the sale of 3,000 class A common shares of the company on March 11 at a price of $229 per share.
UBER

Hot Stocks

17:32 EST Uber rolls out temporary fuel surcharge - Uber said that it is rolling out a temporary fuel surcharge. Beginning Wednesday, March 16, consumers will pay a surcharge of either 45c or 55c on each Uber trip and either 35c or 45c on each Uber Eats order, depending on their location-with 100% of that money going directly to workers' pockets. The surcharges are based off the average trip distance and the increase in gas prices in each state. This is temporary for at least the next 60 days, when the company will reassess. "We know that prices have been going up across the economy, so we've done our best to help drivers and couriers without placing too much additional burden on consumers," the company said. "Over the coming weeks we plan to listen closely to feedback from consumers, couriers and drivers. We'll also continue to track gas price movements to determine if we need to make additional changes." Reference Link
SCPL

Hot Stocks

17:25 EST Engine Capital reports 8.1% stake in SciPlay, nominates two candidates to board - The filing allows for activism. On March 11, Engine Capital delivered a letter to SciPlay nominating two highly-qualified candidates, Alan Bazaar and Bradley Favreau for election to the Board at the company's 2022 annual meeting of stockholders. Engine Capital believes they have the necessary experience, qualifications, and skill sets to serve as directors of SciPlay.
SBAC

Hot Stocks

17:19 EST SBA Communications EVP Bagwell sells over 3,000 class A common shares - In a regulatory filing, SBA Communications EVP Kurt Bagwell disclosed the sale of 3,757.382 class A common shares of the company on March 9 at a price of $330 per share.
ASO KRA

Hot Stocks

17:18 EST Academy Sports to replace Kraton in S&P 600 at open on 3/16 - DL Chemical Co., Ltd. is acquiring Kraton in a transaction expected to be completed on March 15.
MMC

Hot Stocks

16:55 EST Marsh McLennan appoints Katherine Brennan as general counsel - Marsh McLennan announced the appointment of Katherine Brennan as senior VP and general counsel. She will report to Dan Glaser, president and CEO of Marsh McLennan, and will join the company's executive committee. The appointment is effective immediately. She succeeds Peter Beshar, who has served as the company's executive VP and general counsel since 2004. Last fall, Beshar was nominated by President Biden to serve as the general counsel of the U.S. Department of the Air Force. Yesterday, the U.S. Senate unanimously confirmed his nomination.
CERN

Hot Stocks

16:50 EST Cerner chief HR officer Platt sells 7,769 common shares - In a regulatory filing, Cerner chief human resources officer Tracy Platt disclosed the sale of 7,769 common shares of the company on March 11 at a price of $93.40 per share.
PCG F

Hot Stocks

16:46 EST PG&E, Ford collaborate on bidirectional EV charging technology - Pacific Gas and Electric Company (PCG) and Ford Motor Company (F) announced a collaboration exploring how Ford's new F-150 Lightning electric vehicle-the first commercially available light-duty truck with bidirectional charging technology-can interact with the electric grid and provide electric reliability benefits to PG&E customers. One in five EVs in the country are on the road in PG&E's service area of Northern and Central California, where customers are often early adopters of new clean energy technologies. PG&E and Ford will test the F-150 Lightning and its Intelligent Backup Power bidirectional charging capabilities in providing backup power for customers' homes in PG&E's service area. Intelligent Backup Power, making its debut on the F-150 Lightning, gives customers the ability to use bidirectional power technology from their all-electric truck to provide up to 10 days of power to their homes during an outage, depending on home energy usage. The first installations of Ford's Intelligent Backup Power are beginning in spring 2022, supported by Sunrun as Ford's preferred installation partner. Through this early adopter opportunity, PG&E will explore how Ford's Intelligent Backup Power technology interconnects to the electric grid, which is necessary for the truck's battery to power the home, and how it can support customer resiliency during grid outages. Additionally, PG&E expects to learn more about the overall customer experience to help inform future collaborations as this emerging technology becomes more readily available. "Today, we are seeing breakthrough opportunities at the intersection of the energy and transportation industries. As more electric vehicles and new charging technology become available, it is critical that we better understand how EVs can interact with the electric grid and how we can best support our customers. Through collaborations with automakers like Ford, we are innovating together for a cleaner, safer and brighter future for all," said PG&E Corporation CEO Patti Poppe.
GOLD

Hot Stocks

16:32 EST Barrick Gold's interest in Reunion Gold falls below 10% - Barrick Gold announced that following the completion by Reunion Gold of its bought deal private placement common share offering on February 24, Barrick's interest in Reunion has decreased below 10% to approximately 9.9875% of Reunion's issued and outstanding common shares. Barrick did not participate in the Private Placement and continues to own 81,150,000 common shares of Reunion. Under the terms of the investor rights agreement entered into between Barrick and Reunion in connection with Barrick's initial investment in Reunion on December 1, 2017, as amended, Barrick was entitled to certain rights for so long as Barrick held not less than 10% of the issued and outstanding common shares of Reunion. As a result of Barrick's interest in Reunion decreasing below 10%, such rights have terminated. Barrick continues to have a right of first refusal under the investor rights agreement in respect of certain mineral projects that are subject to the strategic alliance agreement entered into between Barrick and Reunion on February 3, 2019 as well as Reunion's Dorlin, Haute Mana and Boulanger Projects.
TTCF

Hot Stocks

16:31 EST Tattooed Chef to restate 2021 quarterly financial statements - Tattooed Chef announced that it will restate prior period financial statements for each of the quarterly periods ended March 31, 2021, June 30, 2021 and September 30, 2021 because the company did not properly record the tax effects associated with the company's issuance of 825,000 shares of its common stock to Harrison Co. in June 2021 as partial consideration for services rendered in connection with the company's de-SPAC transaction that occurred in October 2020. The $4M deferred tax asset that should have been recorded as of December 31, 2020 was determined to have an immaterial impact on the company's consolidated financial statements as of and for the year ended December 31, 2020. However, the impact of this error, when combined with other immaterial error corrections for the quarter ended March 31, 2021, was determined to be material to the Company's consolidated balance sheet as of March 31, 2021. In June 2021, the company recorded a full valuation allowance on all of its deferred tax assets. Accordingly, the increase in the valuation allowance associated with this deferred tax asset was also deemed to be material to the company's results of operations for the three and six months ended June 30, 2021 and the nine months ended September 30, 2021. The company further expects that the restatements will have no effect on its future operations.
OAS

Hot Stocks

16:18 EST Oasis Petroleum declares first variable dividend of $3.00 per share - Oasis Petroleum announced the declaration of its first variable dividend today in the amount of $3.00 per share of Oasis common stock, payable on March 31 to shareholders of record as of March 21, in connection with its previously announced plan to return $70M of capital to shareholders per quarter.
AZN

Hot Stocks

16:17 EST AstraZeneca receives FDA approval for Lynparza - AstraZeneca and MSD's Lynparza has been approved in the U.S. for the adjuvant treatment of patients with germline BRCA-mutated, or gBRCAm, HER2-negative high-risk early breast cancer who have already been treated with chemotherapy either before or after surgery. The approval by the FDA was based on results from the OlympiA Phase III trial presented during the 2021 American Society of Clinical Oncology Annual Meeting and published in The New England Journal of Medicine.
ATVI...

Hot Stocks

16:17 EST Activision working on mobile version of 'Call of Duty: Warzone' - Activision Blizzard (ATVI), which has agreed to be acquired by Microsoft (MSFT), said yesterday that it is building a mobile version of popular free-to-play battle royale shooter "Call of Duty: Warzone." The company did not offer a release window for the game. The Fly notes that "Warzone" is currently available on PC, PlayStation (SONY) consoles, and Xbox. Reference Link
CHS

Hot Stocks

16:11 EST Chico's appoints Kevin Mansell as next chair - Chico's announced that its board of directors has appointed Kevin Mansell as the next chair of the board, effective immediately following the company's 2022 annual meeting of shareholders. With Mansell's appointment, the chair of the board will again be an independent director. Mansell succeeds Bonnie Brooks, who has served as executive chair of the board since 2020 and will continue to serve as a director and a member of the merchant committee and executive committee.
OP

Hot Stocks

16:11 EST OceanPal announces receipt of Nasdaq notice - OceanPal announced that it has received written notification from The Nasdaq Stock Market dated March 8, 2022, indicating that because the closing bid price of the company's common stock for 30 consecutive business days, from January 21, 2022 to March 7, 2022, was below the minimum $1.00 per share bid price requirement for continued listing on The Nasdaq Capital Market, the company is not in compliance with Nasdaq Listing Rule 5550(a)(2). Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the applicable grace period to regain compliance is 180 days, or until September 5, 2022. The company intends to monitor the closing bid price of its common stock during this grace period and will consider its options in order to regain compliance with The Nasdaq Capital Market minimum bid price requirement. The company can cure this deficiency if the closing bid price of its common stock is $1.00 per share or higher for at least ten consecutive business days during the grace period. In the event the company does not regain compliance within the 180-day grace period and it meets all other listing standards and requirements, the company may be eligible for an additional 180-day grace period. The company intends to cure the deficiency within the prescribed grace period. During this time, the company's common stock will continue to be listed and trade on The Nasdaq Capital Market. The company's business operations are not affected by the receipt of the notification.
MIME

Hot Stocks

16:06 EST Mimecast shareholders approve Permira transaction - Mimecast announced at the company's special meeting that its shareholders voted to approve the company's pending acquisition by funds advised by Permira. "I thank our shareholders for their strong support of this transaction and of Mimecast throughout our company's history," said Peter Bauer, chairman and chief executive officer of Mimecast. "With this significant milestone now behind us, we look forward to completing the transaction with Permira and delivering immediate and premium value to our shareholders. As a private company supported by Permira, we will be well positioned to continue to strengthen the cybersecurity and resilience of organizations around the world." Based on a preliminary tabulation of the shareholder vote, approximately 99.76% of votes cast were in favor of the proposed transaction, representing approximately 75.30% of all outstanding shares. The final voting results on the proposals voted on at the special meeting will be set forth in a Form 8-K filed by Mimecast with the U.S. Securities and Exchange Commission. Under the terms of the previously announced transaction, funds advised by Permira will acquire all outstanding ordinary shares of Mimecast for $80.00 per share in cash. The transaction is expected to close in the first half of 2022, subject to regulatory approvals. Upon completion of the transaction, Mimecast will become a privately held company and the ordinary shares of Mimecast will no longer be listed on any public market.
IP

Hot Stocks

16:05 EST International Paper to explore strategic options for Ilim ownership interest - International Paper announced its intention to explore strategic options, including the possible sale, of its 50% ownership interest in Ilim Group. International Paper has no intention to seek suspension of operations or initiate any liquidation or bankruptcy proceedings with respect to Ilim Group.
BITF

Hot Stocks

15:46 EST Bitfarms acquires land, building in Sherbrooke, Quebec - Bitfarms has acquired land and a building in Sherbrooke, Quebec. This new location, known as Garlock, is expected to have a power capacity of 18 megawatts and will replace the existing de la Pointe facility, which will eventually be retired as previously announced in the company's press release dated September 7, 2021. Farms in development increases from three to four. The total purchase price of the Garlock location consists of cash in the amount of C$2.25M and 25,000 common share purchase warrants. Each Warrant will entitle the holder thereof to purchase one common share of Bitfarms at a price of $3.47 for two years from the date of issuance. The new facility will benefit from Bitfarms' existing cost-effective contracts that supply green hydro power at an average cost of US four cents per kilowatt hour.
CYRX

Hot Stocks

15:40 EST Cryoport authorizes $100M stock buyback - Cryoport announced its Board of Directors has unanimously authorized a repurchase program, under which Cryoport may repurchase up to $100M of its outstanding common stock and/or convertible senior notes. Jerrell Shelton, Cryoport CEO, said, "The authorization of the repurchase program reflects our constant focus on shareholder return and effective capital allocation. The authorization of this repurchase program demonstrates the Board's confidence in our business model and outlook, our financial performance, and our commitment to delivering value to our stakeholders. We plan to opportunistically repurchase shares of our common stock and convertible senior notes, while maintaining ample liquidity to support our growth organically and through potential acquisitions."
DB

Hot Stocks

14:32 EST Deutsche Bank says in process of winding down remaining business in Russia - Deutsche Bank made the following statement on Russia: "As we have repeatedly said, we condemn the Russian invasion of Ukraine in the strongest possible terms and support the German government and its allies in defending our democracy and freedom. To clarify: Deutsche Bank has substantially reduced its Russian exposure since 2014. Like some international peers and in line with our legal and regulatory obligations, we are in the process of winding down our remaining business in Russia while we help our non-Russian multinational clients in reducing their operations. There won't be any new business in Russia." Reference Link
DIS

Hot Stocks

14:14 EST Disney pausing all political donations in state of Florida pending review - Bob Chapek sent a message to employees of The Walt Disney Company that was shared by the company that states in part: "Thank you to all who have reached out to me sharing your pain, frustration and sadness over the company's response to the Florida 'Don't Say Gay' bill. Speaking to you, reading your messages, and meeting with you have helped me better understand how painful our silence was. It is clear that this is not just an issue about a bill in Florida, but instead yet another challenge to basic human rights. You needed me to be a stronger ally in the fight for equal rights and I let you down. I am sorry... Starting immediately, we are increasing our support for advocacy groups to combat similar legislation in other states. We are hard at work creating a new framework for our political giving that will ensure our advocacy better reflects our values. And today, we are pausing all political donations in the state of Florida pending this review. But, I know there is so much more work to be done. I am committed to this work and to you all, and will continue to engage with the LGBTQ+ community so that I can become a better ally. You will hear more about our progress in the coming weeks. I truly believe we are an infinitely better and stronger company because of our LGBTQ+ community. I missed the mark in this case but am an ally you can count on-and I will be an outspoken champion for the protections, visibility, and opportunity you deserve." Reference Link
EA

Hot Stocks

13:54 EST Electronic Arts' upcoming 'Dead Space' reboot out early 2023 - Electronic Arts said that its upcoming reboot of "Dead Space" has an arrival window of early 2023. Reference Link
BAX

Hot Stocks

13:52 EST Baxter recalls Sigma Spectrum Infusion Pump, FDA says - Baxter is recalling Sigma Spectrum Infusion Pumps with Master Drug Library and Spectrum IQ Infusion Systems with Dose IQ Safety Software due to the risk of not alarming for repeated upstream occlusion events, the FDA announced. After an upstream occlusion alarm, failure to fully resolve any upstream occlusion before restarting the infusion can cause the pump to not re-alarm as expected. Baxter has received 51 reports of serious injuries and three reports of patient deaths over five years, potentially associated with this issue, the FDA said. The agency has identified this as a Class I recall, the most serious type of recall. Reference Link
GOOG GOOGL

Hot Stocks

13:46 EST YouTube blocks access to channels associated with Russian state-funded media - Alphabet's YouTube said that it is now removing content about Russia's invasion in Ukraine that violates its Community Guidelines policy that prohibits content denying, minimizing or trivializing well-documented violent events. "In line with that, we are also now blocking access to YouTube channels associated with Russian state-funded media globally, expanding from across Europe," the company said. "This change is effective immediately, and we expect our systems to take time to ramp up. Since our last update, our teams have now removed more than 1,000 channels and over 15,000 videos for violating not only our hate speech policy, but also our policies around misinformation, graphic content and more. Our systems are also connecting people to trusted news sources. So far, our breaking news and top news shelves on our homepage have received more than 17M views in Ukraine. In addition, we recently paused all YouTube ads in Russia. We've now extended this to all of the ways to monetize on our platform in Russia. Our teams continue to closely monitor the situation, and are ready to take further action. We will continue to share updates as they become available." Reference Link
BKR

Hot Stocks

13:02 EST Baker Hughes reports U.S. rig count up 13 to 663 rigs - Baker Hughes reports that the U.S. rig count is up 13 from last week to 663 with oil rigs up 8 to 527, gas up 5 to 135, and miscellaneous rigs unchanged at 1. The U.S. Rig Count is up 261 rigs from last year's count of 402 with oil rigs up 218 gas rigs up 43 and miscellaneous unchanged at 1. The U.S. Offshore Rig Count is down 1 to 11, down 2 year-over-year. The Canada Rig Count is down 11 from last week to 206, with oil rigs down 7 to 127, gas rigs down 3 to 79 and miscellaneous down 1. The Canada Rig Count is up 90 rigs from last year's count of 116, with oil rigs up 69, gas rigs up 21 and miscellaneous unchanged at 0.
BKR

Hot Stocks

13:00 EST Baker Hughes reports U.S. rig count up 13 to 663 rigs
MO PMI

Hot Stocks

13:00 EST FDA authorizes reduced exposure claim for IQOS 3 System Holder and Charger - On March 11, FDA issued a modified risk granted order authorizing Philip Morris Products S.A. to market the IQOS 3 System Holder and Charger with reduced exposure information, the agency announced. This reduced exposure information is the same as the information previously authorized by FDA in July 2020 for an earlier version of the device, FDA noted. Reference Link
VWAGY

Hot Stocks

12:48 EST Volkswagen says war in Ukraine may have negative impact - Volkswagen said, "However, this guidance is subject to the further development of the war in Ukraine and in particular the impact on the Group's supply chains and the global economy as a whole. At the time of preparing this outlook, there is a risk that the latest developments in the war in Ukraine will have a negative impact on the Volkswagen Group's business. This may also result from bottlenecks in the supply chain. At the present time, it is not yet possible to conclusively assess the specific effects. Nor is it possible at this stage to predict with sufficient certainty to what extent a potential further escalation of the war in Ukraine will impact on the global economy and growth in the industry in fiscal year 2022."
UBSFY

Hot Stocks

12:27 EST Ubisoft experienced cyber security incident last week - Ubisoft said yesterday that, last week, it experienced a cyber security incident that caused temporary disruption to some of its games, systems, and services. "Our IT teams are working with leading external experts to investigate the issue," the company said. "As a precautionary measure we initiated a company-wide password reset. Also, we can confirm that all our games and services are functioning normally and that at this time there is no evidence any player personal information was accessed or exposed as a by-product of this incident." Reference Link
BP E

Hot Stocks

12:23 EST Eni, BP finalize agreement to create new independent JV in Angola - BP (BP) and Eni (E) confirmed that they have signed an agreement to form a new 50/50 independent company, Azule Energy, through the combination of the two companies' Angolan businesses. The agreement follows the memorandum of understanding between the companies agreed in May 2021. Azule Energy will be a new international energy company, independently managed, with more than 200,000 barrels equivalent a day of net oil and gas production and 2 billion barrels equivalent of net resources, the companies said in a statement, adding that it is expected to be Angola's largest producer, holding stakes in 16 licences, as well as participating in the Angola LNG joint venture. Azule Energy will also take over Eni's stake in Solenova, a solar company jointly held with Sonango, they said.
HLF

Hot Stocks

12:01 EST Herbalife Nutrition to suspend operations in Russian sales centers - The company said, "We condemn the war in Ukraine and stand with the international community in calling for peace. Our thoughts are with everyone in the region and around the world who is suffering due to this tragic loss of life and humanitarian crisis. Herbalife Nutrition has been in Russia since 1995 and as of February, had approximately 44,000 active distributors in the country. The Company does not have any manufacturing operations in Russia-all products sold in the market are imported. The Company will suspend operations in all 62 sales centers in Russia and will not ship product to the country. Herbalife Nutrition will donate any profit from Russia to organizations supporting Ukrainian refugees. We've made this decision in consultation with our distributor leaders. The safety of our employees is of utmost importance, and we are actively supporting our employees in the region. Together with our employees and independent distributors, we are providing nutrition products and financial assistance to organizations supporting impacted communities. Additionally, the Herbalife Nutrition Foundation is continuing its philanthropic efforts in the region by raising funds to support Save The Children's Ukrainian Refugee Initiative."
LU

Hot Stocks

12:00 EST Lufax falls -24.7% - Lufax is down -24.7%, or -$1.46 to $4.42.
TLYS

Hot Stocks

12:00 EST Tilly's falls -24.9% - Tilly's is down -24.9%, or -$3.05 to $9.20.
NINE

Hot Stocks

12:00 EST Nine Energy Service falls -25.9% - Nine Energy Service is down -25.9%, or -$1.09 to $3.14.
BBAI

Hot Stocks

12:00 EST BigBear.ai rises 8.2% - BigBear.ai is up 8.2%, or 71c to $9.32.
TDW

Hot Stocks

12:00 EST Tidewater rises 9.9% - Tidewater is up 9.9%, or $1.87 to $20.71.
PSO

Hot Stocks

12:00 EST Pearson rises 16.9% - Pearson is up 16.9%, or $1.47 to $10.16.
VRS BLRDF

Hot Stocks

11:32 EST Verso announces stockholder approval of merger agreement with BillerudKorsnas - Verso Corporation (VRS) announced that, at a special meeting of stockholders, its stockholders voted to approve the previously announced merger with BillerudKorsnas (BLRDF) as well as other related proposals. The merger proposal was supported by approximately 98.5% of votes cast, representing approximately 73% of outstanding shares of Verso's common stock. The final voting results of the special meeting, as tabulated by an independent inspector of elections, will be filed as part of a Form 8-K with the U.S. Securities and Exchange Commission. Verso and BillerudKorsnas now expect the merger to close in late-March or April of 2022, subject to the satisfaction of customary closing conditions, including the receipt of approvals from the Nuclear Regulatory Commission and the Public Service Commission of Wisconsin.
KHC

Hot Stocks

11:15 EST S&P upgrades Kraft Heinz rating to 'BBB-' - S&P Global Ratings announced: "U.S.-based The Kraft Heinz Co. has improved its operational execution, forecasting and hedging processes, and divested businesses with higher commodity volatility and private label competition. These actions should limit profit erosion in this highly inflationary environment. S&P Global Ratings also expects demand for the company's products to remain relatively healthy and believes Kraft Heinz will raise prices as needed and continue to realize gradual productivity savings as part of its gross efficiency program targeting at least $2 billion savings. In addition, the company has managed its balance sheet conservatively, including using asset sale proceeds for debt reduction, with pro forma S&P Global Ratings-adjusted leverage around 3.3x for fiscal 2021. We expect financial policy will continue to target company-defined leverage below 4x. As a result, we raised our issuer credit and senior unsecured debt ratings to 'BBB-' from 'BB+'. Additionally, we raised our short-term, commercial paper rating to 'A-3' from 'B'. We also raised our governance score to satisfactory from fair given the company's improved strategic capabilities and risk management, as well as its earlier remediation of material weaknesses in internal control over financial reporting. The positive outlook reflects the potential for a higher rating over the next two years if the company organically grows the top line despite potentially shifting consumer spending behavior following two years of elevated demand, while continuing to manage very high inflation and supply chain headwinds, or if the company commits to sustaining S&P Global Ratings-adjusted leverage below 3x."
BTI

Hot Stocks

11:12 EST British American Tobacco taking steps to exit Russia, revises FY22 guidance - British American Tobacco issued the following Russia business update and revised guidance in a notice to the London Stock Exchange: "At BAT we pride ourselves on our values and our ethos. We join together as one company to call on all leaders and governments to find a peaceful and sustainable resolution to this tragic conflict through the power of dialogue and diplomacy. Building on our announcement of 9th March 2022, we have now completed the review of our presence in Russia. The context is highly complex, exceptionally fast-moving and volatile. We have concluded that BAT's ownership of the business in Russia is no longer sustainable in the current environment. Today, we have initiated the process to rapidly transfer our Russian business in full compliance with international and local laws. Beyond continuing to pay our 2,500 employees, we will do our utmost to safeguard their future employment. Upon completion, BAT will no longer have a presence in Russia. Following our decision today, and in light of the continuing uncertainty related to Ukraine and Russia and the possible indirect impact on the rest of the Group, we consider it prudent to revise our guidance for full year 2022. We now expect constant currency Group revenue growth of 2% to 4% and Mid-Single Figure constant currency adjusted diluted EPS growth. In 2021, Ukraine and Russia accounted for 3% of Group revenue and a slightly lower proportion of adjusted profit from operations."
NCBDY...

Hot Stocks

11:10 EST Bandai Namco's 'Elden Ring' best-selling game in U.S. in February, says NPD - NPD analyst Mat Piscatella said that Bandai Namco's (NCBDY) "Elden Ring" debuted as both the best-selling game of February 2022 as well as 2022 YTD in the U.S. Launch month sales of Elden Ring were the 2nd highest for any tracked title released in the past 12 months, trailing only Activision's (ATVI) "Call of Duty: Vanguard," released in Nov 2021. After 1 month in market, "Elden Ring" ranked as the 5th best-selling game of the 12 month period ending February 2022. "Elden Ring" ranked 1st on Steam and Xbox (MSFT) platforms in February, while placing 2nd on PlayStation (SONY). Sony's "Horizon Forbidden West," a PS4 and PS5 exclusive, was the 2nd best-selling game of February 2022, while also ranking 1st on PlayStation platforms. Dollar sales of the PlayStation 5 version of "Horizon" set a new launch month record for the PlayStation 5 platform. Sega's (SGAMY) "Total War: Warhammer III" debuted as the #5 best-selling game of February 2022, while also ranking 2nd on Steam. The title also launched as part of the PC Game Pass and Xbox Game Pass Ultimate subscription services. Other games in the top ten in U.S. sales in February include Nintendo's (NTDOY) "Pokemon Legends: Arceus," Techland's "Dying Light 2: Stay Human," EA's (EA) "Madden NFL 22," and Nintendo's "Mario Kart 8 Deluxe." Other companies in the video game software space include Tencent (TCEHY), Capcom (CCOEY), Square Enix (SQNXF), Take-Two (TTWO), and Ubisoft (UBSFY). Reference Link
MSFT...

Hot Stocks

11:05 EST U.S. video game spending fell 6% y/y in February, says NPD - NPD analyst Mat Piscatella said that February 2022 U.S. consumer spending across video game hardware, content and accessories fell 6% when compared to a year ago, to $4.4B. Declines were experienced across all major categories of spend, with hardware showing the largest YoY % decline. 2022 year-to-date spending is down 4% when compared to the same period a year ago, at $9.1B. Console hardware supply continues to be a market challenge. Total market spending when compared to a year ago has now declined for 4 consecutive months. Video game hardware dollar sales fell 27% when compared to February 2021, to $295M. Year-to-date dollar sales are 5% lower than a year ago, at $685M. The hardware market remains in a supply constrained state. The Nintendo Switch (NTDOY) was the best-selling hardware platform of February 2022 in both units and dollars. The Xbox Series (MSFT) ranked 2nd across both measures. The PlayStation 5 (SONY) leads video game hardware in 2022 dollar sales year-to-date, while Switch has achieved the highest unit sales in the period. Other publicly traded companies in the space include Activision Blizzard (ATVI), Electronic Arts (EA), GameStop (GME), Take-Two (TTWO), Tencent (TCEHY) and Ubisoft (UBSFY). Reference Link
H

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11:03 EST Hyatt to suspend development activities and new investments in Russia - In an updated statement on the situation in Ukraine posted to its website, Hyatt stated: "We are heartbroken over the devastation unfolding in Ukraine and the mounting tragedies resulting from military actions, including lives lost, families separated and the displacement of millions of people. Our focus remains on the safety and wellbeing of our colleagues and guests in both Ukraine and neighboring countries who face these unconscionable challenges. The global Hyatt family has come together in inspiring ways to care for those impacted by this tragedy, including providing refugee accommodations across Europe, sending supplies to the people of Ukraine, job transfers for Hyatt colleagues and a relief fund for our Hyatt colleagues in need of basic necessities, relocation support and care. We will continue to work to expand our humanitarian efforts across the Hyatt portfolio. At this time, we have made the decision to suspend our development activities and any new investments in Russia, effective immediately. We will continue to support our colleagues in Russia as they continue to care for hotel guests. They, like our entire global Hyatt family, are committed to the spirit of hospitality - to show care when people need it most and provide a place to stay and gather - something more important than ever in times of crisis. As this complex situation unfolds, we will continue to evaluate our existing management agreements with the third-party entities that own Hyatt hotels in Russia, while complying with applicable sanctions and U.S. government directives, and keeping our purpose of care at the center of any decision we make." Reference Link
VRT

Hot Stocks

11:02 EST Vertiv, Elea Digital enter strategic alliance for edge data center services - Elea Digital and Vertiv announce partnership to deliver edge data center services in Brazil. Vertiv will provide operation and maintenance services for Elea Digital data centers in key metro areas, including Porto Alegre, Curitiba, and Brasilia. Vertiv's local technicians will provide support for the edge services contract in Brazil. Through the partnership with Elea Digital, Vertiv will gain a larger and wider market to support the Brazilian data center industry growth. The partnership between Elea Digital and Vertiv aims at maintaining market growth rates across a continent-wide geographical footprint.
DISCA T

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10:55 EST Discovery stockholders approve proposals related to acquisition of WarnerMedia - Discovery (DISCA, DISCB, DISCK) announced that the company's stockholders have approved various matters relating to the acquisition of WarnerMedia from AT&T (T) to create Warner Bros. Discovery, a "premier, global entertainment company." The company stated: "The transaction will bring together WarnerMedia's premium entertainment, sports and news assets with Discovery's leading nonfiction and international entertainment and sports businesses. At the Special Meeting of Discovery Stockholders held earlier today, based on estimated preliminary voting results, Discovery stockholders voted to approve the charter amendment proposals, share issuance proposal and the advisory compensation proposal. The approvals mark the completion of one of the few remaining closing conditions for the merger." The acquisition is expected to close early in the second quarter of 2022, subject to other customary closing conditions. The Boards of Directors of both AT&T and Discovery have approved the transaction.
SES

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10:13 EST SES obtains BBB credit rating by Fitch - SES S.A. announced earlier that Fitch Ratings assigned a Long-Term Issuer Default Rating and senior unsecured rating of 'BBB' with a stable outlook. Fitch has also assigned SES's subordinated hybrid securities a rating of 'BB+'. The rating, according to Fitch, reflects SES's leading position in the global satellite sector, strong underlying free cash flow and financial flexibility. Sandeep Jalan, CFO of SES, commented, "We are delighted to initiate a rating with Fitch, which recognises SES's strong business profile. We are committed to maintaining a strong balance sheet while continuing to pursue our strategy to grow our footprint and leadership in the global satellite sector." Shares of SES are up 7.5% to $7.44 in morning trading.
AIKI

Hot Stocks

10:01 EST AIkido, Cedar-Sinai Medical Center to codevelop immuno-oncology treatment - AIkido Pharma announced that the Company and Cedars-Sinai Medical Center have agreed under their Master Collaboration Agreement to co-fund and codevelop a novel immuno-oncology treatment designed to promote the destruction of cancer cells by a patient's own "killer" T-cells. The Company and Cedars-Sinai will share costs, expenses and management of the drug co-development and will leverage the talent of Cedars-Sinai Technology Ventures and the lead scientists who originated the novel treatment. The parties will also share in the proceeds of any commercialization of the treatment. The compounds to be codeveloped target the cellular pathway that causes CD8+ T-cells to enter an "exhausted state," rendering them ineffective against cancer cells. The new treatment targets and blocks recently discovered transcription factors essential for T-cells to enter the "exhausted state," the goal of which is to strengthen the ability of a patient's T-cells to retain their capacity to destroy cancer cells.
AGS

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10:00 EST PlayAGS falls -10.3% - PlayAGS is down -10.3%, or -81c to $7.06.
NINE

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10:00 EST Nine Energy Service falls -11.2% - Nine Energy Service is down -11.2%, or -47c to $3.75.
TLYS

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10:00 EST Tilly's falls -23.3% - Tilly's is down -23.3%, or -$2.85 to $9.40.
SES

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10:00 EST SES rises 6.8% - SES is up 6.8%, or 47c to $7.39.
VLN

Hot Stocks

10:00 EST Valens Semiconductor rises 9.1% - Valens Semiconductor is up 9.1%, or 53c to $6.36.
PSO

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10:00 EST Pearson rises 17.4% - Pearson is up 17.4%, or $1.52 to $10.21.
AGS

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09:47 EST PlayAGS falls -9.8% - PlayAGS is down -9.8%, or -77c to $7.10.
NINE

Hot Stocks

09:47 EST Nine Energy Service falls -12.1% - Nine Energy Service is down -12.1%, or -51c to $3.72.
TLYS

Hot Stocks

09:47 EST Tilly's falls -24.0% - Tilly's is down -24.0%, or -$2.94 to $9.30.
BBAI

Hot Stocks

09:47 EST BigBear.ai rises 6.9% - BigBear.ai is up 6.9%, or 59c to $9.20.
VLN

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09:47 EST Valens Semiconductor rises 8.6% - Valens Semiconductor is up 8.6%, or 50c to $6.33.
PSO

Hot Stocks

09:47 EST Pearson rises 19.7% - Pearson is up 19.7%, or $1.71 to $10.40.
LZ

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09:35 EST LegalZoom trading resumes
LZ

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09:30 EST LegalZoom trading halted, volatility trading pause
MFA

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09:24 EST MFA Financial announces $250M share repurchase program - MFA announced that its Board of Directors has authorized a share repurchase program under which MFA may repurchase up to $250M of its common stock through the end of 2023. The Board's authorization replaces the authorization under MFA's existing stock repurchase program that was adopted in November 2020, which had also authorized the company to repurchase up to $250M of its common stock and under which approximately $25.6M remained available for the repurchase of shares.
CYTO

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09:18 EST Altamira Therapeutics announces efficacy data from Bentrio test against omicron - Altamira Therapeutics announced efficacy data from testing its Bentrio nasal spray in vitro against the omicron variant of the SARS-CoV-2 virus. Bentrio is a drug-free nasal spray for protection against airborne viruses and allergens, which has previously shown positive outcomes in vitro against the original SARS-CoV-2 virus and its delta variant. For the omicron variant study, Bentrio or saline control were applied in the same type of assay that was used for the previous studies, based on reconstituted nasal epithelium cells from human donors. Compared to the delta variant, the omicron variant showed much faster viral replication and a more rapid increase in the viral titer, which had peaked within 24 hours. Prophylactic application of Bentrio starting 10 minutes prior to viral inoculation resulted in a significant reduction of 89.5% in viral titer after 24 hours compared to the saline-treated controls. When the treatment application was started only 24 hours after viral inoculation, after the viral titer had already peaked, application of Bentrio resulted in a significant reduction in viral titer over the following days compared to saline controls, reaching 87.1% at its maximum on Day 3.
RILY LAZY

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09:14 EST B. Riley Financial proposes to acquire Lazydays for $25.00 per share cash - In a letter to Lazydays CEO Robert DeVincenzi , Bryant Riley, Chairman, Co-CEO of B. Riley Financial stated, in part, "This non-binding letter is intended to summarize the principal terms of a proposal by B. Riley Financial or a subsidiary thereof regarding its possible acquisition of Lazydays Holdings. The possible acquisition of the outstanding capital stock of the company is referred to as the 'Transaction' and Buyer and the company are referred to collectively as the 'Parties.' As you know, we are one of the company's largest investors holding over one million shares of common stock. First, we want to thank you for initially meeting with us in January and for taking the time to hear our thoughts on the company's direction soon after the resignation of the company's longtime CEO and Chairman. We have also had constructive conversations with other board members. We acknowledge and support recent increases to the share buyback program, but note that the market continues to discount company's ability to grow. After significant analysis and diligence based on publicly available information, we have concluded that the company would be better served away from the glare of the public markets in an environment where the necessary investments in growth can be made without market fixation on short-term results. We are proposing a take-private transaction at a healthy premium to the current share price. The purchase price would be $25.00 per share payable in cash."
SISI

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09:08 EST Shineco to build tumor classification diagnosis, treatment center - Shineco announced that on March 4, 2022, the Company has signed a strategic cooperation framework agreement on Shineco's Weifang Life Science Industrial Park Project with the Development Service Center of Weifang Binhai Science and Technology Innovation Park in Shandong Province to build one of China's first city-level tumor classification diagnosis and treatment centers and an online telemedicine service platform, which would constitute Shineco's tumor diagnosis and treatment platform. The Company expects to complete the construction of its first city-level tumor classification diagnosis and treatment center by the end of 2022. Through leverage respective advantages and resources, both parties expect to jointly build the Center and promote the implementation of digital medical care, internet hospitals, and the research and development of innovative medicine and devices. Pursuant to the Agreement, subject to obtaining adequate funding, Shineco expects to invest a total of$500M in its Life Science Industrial Park Project, $100M of which will be used in building Shineco's Diagnosis and Treatment Center as part of the Project. In order to implement this Agreement, Shineco will seek to raise funds to be used for the Life Science Industrial Park Project. The cooperation marks the official launch of the Three-Year Development Plan of Shineco Yikang Digital Tumor Diagnosis and demonstrates the Company's actions in practice. Jennifer Zhan, CEO of Shineco, commented, "This cooperation marks our progress of entering into the field of tumor treatment and the launch of our digital tumor diagnosis and treatment platform as we aim to build and establish one of the first digital tumor diagnosis and treatment platforms in China. We are confident in our investment and believe that Shineco will use its best efforts to become an industry leader in pushing the general development of tumor classification diagnosis centers and relevant upstream and downstream industries. Our goal is to provide the high-quality medical resources and treatment to tumor patients in China with affordable prices."
T DISCA

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09:08 EST AT&T provides strategy update, financial outlook ahead of Discovery transaction - In anticipation of closing the pending WarnerMedia transaction with Discovery (DISCA) in the second quarter, AT&T (T) is laying out its updated strategy and financial outlook for the company moving forward. This includes detailed operational and financial expectations through 2023. As part of this strategy, AT&T plans to double its fiber footprint to 30-plus million locations, including increasing its business customer locations by 2x to 5 million. In doing so, the company expects to add 3.5M to 4M customer locations each year. The company also expects to enhance its 5G network by deploying 120 MHz of mid-band spectrum to cover more than 200M people by the end of 2023. Enabling faster speeds, increased capacity and lower latency, this valuable mid-band spectrum complements the company's existing 5G footprint, which covers more than 255M people in more than 16,000 cities and towns. By 2025, AT&T expects that 75% of its network footprint will be served via fiber and 5G and that it will have reduced its copper services footprint by 50%. At the same time, the company will successfully navigate the timing and profitability of the migration from legacy to next-generation products to optimize returns. The simultaneous ongoing shutdown of AT&T's copper services footprint with expansion of its fiber footprint will help drive cost savings while creating new revenue opportunities. AT&T is also focused on simplifying its business product portfolio, with plans to reduce the number of products and legacy rate plans by 50%. As a standalone company, AT&T will also continue to pursue its transformation initiatives and sees significant opportunities to optimize its cost structure. By the end of 2023, the company expects to reach $6B in run-rate cost savings. By the end of 2021, it had achieved more than $3B in cost savings, which were primarily reinvested into the company's growth engines. And in 2022 and 2023, AT&T expects an additional $2.5B in cumulative cost savings, which will increasingly fall to the bottom line, driving growth in adjusted EBITDA. AT&T will ramp investment to deploy fiber and 5G and drive sustainable earnings growth. In 2022, AT&T expects capital investment in the $24B range. The company expects 2023 capital investment to be similar to 2022 levels and then to begin to taper to the $20B range starting in 2024. As it moves through this investment cycle, the company expects several tailwinds to help drive sustainable returns: a recovery in international roaming revenues in wireless; subscriber growth in wireless and fiber following recent upfront investments in advertising and promotion; and tapering of transformation-related costs. Even as it steps up investment, AT&T expects to continue to deliver just over $8V in cash via annual total dividends to its shareholders after the close of the WarnerMedia-Discovery transaction. This represents a payout of about 40% against expected 2023 free cash flow in the $20B range. While the decision on AT&T's common dividend payout is always made by the board at the time each dividend is declared, given expectations that the WarnerMedia transaction will close in early second quarter, AT&T expects the May dividend to be paid according to the previously announced annual common dividend amount at $1.11 per share. AT&T continues to expect to use free cash flow after dividends to reduce its net debt to adjusted EBITDA ratio to the 2.5x range by the end of 2023.5 As it approaches this target, the company will have additional flexibility to consider share repurchases and increased success-based investments.
CYTO

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09:08 EST Altamira Therapeutics reports in vitro efficacy data for Bentrio nasal spray - Altamira Therapeutics announced efficacy data from testing its Bentrio nasal spray in vitro against the Omicron variant of the SARS-CoV-2 virus. Bentrio is a drug-free nasal spray for protection against airborne viruses and allergens, which has previously shown positive outcomes in vitro against the original SARS-CoV-2 virus and its Delta variant. For the Omicron variant study, Bentrio or saline control were applied in the same type of assay that was used for the previous studies, based on reconstituted nasal epithelium cells from human donors. Compared to the Delta variant, the Omicron variant showed much faster viral replication and a more rapid increase in the viral titer which had peaked within 24 hours. Prophylactic application of Bentrio starting 10 minutes prior to viral inoculation resulted in a significant reduction of 89.5% in viral titer after 24 hours compared to the saline-treated controls. When the treatment application was started only 24 hours after viral inoculation, after the viral titer had already peaked, application of Bentrio resulted in a significant reduction in viral titer over the following days compared to saline controls, reaching 87.1% at its maximum on Day 3. As reported earlier this week, Altamira has initiated a randomized, placebo-controlled clinical trial to evaluate the ability of Bentrio to reduce the SARS-CoV-2 viral load in the nose, alleviate COVID-19 signs and symptoms, and decrease the frequency of COVID-19 related hospital admissions. The "COVAMID" study will enroll 136 confirmed COVID-19 patients who will be randomized at a 2:1:1 ratio to receive for 10 days either Bentrio, a placebo, or no treatment, followed by a 10-day observation phase.
BSET

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09:05 EST Bassett announces special, regular dividends, increase in share repurchase - Bassett Furniture Industries announced that its Board of Directors has: Declared a special dividend of $1.50 per share of common stock payable on April 6, 2022, to shareholders of record at the close of business on March 23, 2022. Declared a regular quarterly dividend of 14c per share of common stock payable on May 27, 2022, to shareholders of record at the close of business on May 13, 2022. Increased the Company's share repurchase authorization to $40M. "We are pleased that the Board of Directors has approved the declaration of a $1.50 special dividend and increased our share repurchase authorization to $40 million," said Rob Spilman, Chairman and CEO. "Although we are in uncertain times with increased fuel costs, rampant inflation, and the war in Ukraine, the housing market and home furnishings demand remain relatively strong. We will use our operating cash flow and our balance sheet to more aggressively invest in our business. Meanwhile, we will continue to be opportunistic with share repurchases while continuing to evaluate our capital allocation strategy."
MGI

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09:04 EST MoneyGram, Stellar Development Foundation announce partnership - The Stellar Development Foundation and MoneyGram International announced a new partnership with Techstars, a global investment business that provides access to capital, one-on-one mentorship, and customized programming for entrepreneurs. The program will recruit founders across the world who are focused on driving technological innovation in areas such as blockchain and digital payments to further streamline cross-border payments and support financial inclusion. The accelerator will specifically target technologies that facilitate the movement of money to and from Latin America. Each year for the next three years, the program will select a class of up to 12 fintech startups to participate in an immersive 13-week program where entrepreneurs will work with mentors from Techstars, the Stellar Development Foundation, and MoneyGram to solidify their value proposition and product-market-fit. At the end of each class, the participants will present their progress and vision to a curated group of investors and key stakeholders in the fintech community on Demo Day. Applications for the first class of startups will open on Monday, July 25, 2022, and the deadline to submit applications is Wednesday, October 12, 2022.
SMBC

Hot Stocks

09:03 EST Southern Missouri Bancorp announces executive leadership transition plan - Southern Missouri Bancorp, the parent corporation of Southern Bank, announced an executive leadership transition plan. On March 10, 2022, the Board of Directors of Southern Missouri Bancorp unanimously appointed Greg Steffens as Chairman of the Board, to succeed L. Douglas Bagby, effective July 1, 2022. Steffens will continue to serve as Chief Executive Officer of the Company, a role he has held since 1999. Bagby will continue to serve as a director, and he will also serve as Vice-Chairman and lead outside director for the Company. Additionally, the Board of Directors of Southern Bank unanimously appointed Steffens as Chairman of the Board, to succeed Sammy Schalk, also effective July 1, 2022. Schalk will continue to serve as a director and will serve as Vice-Chairman of the Bank. The Board of Directors of the Company further unanimously appointed Matthew Funke as President and Chief Administrative Officer, and the Board of Directors of the Bank unanimously appointed Funke as President and Chief Executive Officer; both effective July 1, 2022. The Board of Directors of the Bank also intends to appoint him as a director on that date. Funke is currently an Executive Vice President and Chief Financial Officer of the Company and the Bank. The Board also unanimously appointed Lora Daves as Executive Vice President and Chief Financial Officer, effective July 1, 2022. Daves is currently an Executive Vice President and Chief Risk Officer of the Company and the Bank, having served in that role since 2017. The Board further unanimously appointed Lance Greunke as Executive Vice President effective March 10, 2022, and as Chief Risk Officer, effective July 1, 2022. Greunke previously served as Secretary, Treasurer, and Chief Financial Officer of Fortune Financial Corporation.
GRUB

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09:03 EST Grubhub, Inter Miami CF announce multi-year partnership - Grubhub and Inter Miami CF announced a multi-year partnership that designates Grubhub as the official food delivery service and mobile food ordering partner for the club. Through the partnership, fans in attendance at Inter Miami CF matches at DRV PNK Stadium can skip the line by ordering food and beverages through the Grubhub app. The partnership will allow fans to maximize their gameday experience by reducing time spent in line to order concession items. Fans can access the Grubhub app by scanning any of the QR codes around the stadium and on the backs of seats. Utilizing geolocation, Grubhub's technology enables fans to place an order with select vendors near their seats, pay directly through the Grubhub app, and pick up their orders through one of the four designated concession lanes around the stadium. In addition to food, fans will be able to order beverages, including alcohol, from vendors as well.
WETF

Hot Stocks

09:02 EST WisdomTree announces ETF reverse share split - WisdomTree announced a reverse share split on the WisdomTree Floating Rate Treasury Fund. The reverse split decreases the number of shares outstanding and increases the price per share. The split will not change the total value of a shareholder's investment, except with respect to the redemption of fractional shares as described below. WisdomTree will execute the reverse split of the shares effective at the open of the market on March 24th, 2022. Please note that a CUSIP change will also become effective at the open of the market on March 24th, 2022.
LAZY

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09:01 EST B. Riley Financial reports 8.6% stake in Lazydays, seeks talks on acquisition - B. Riley Financial purchased the common stock for investment purposes, and such purchases were made in the ordinary course of business. As with their other investments, B. Riley Financial continuously evaluates Lazydays and its businesses, results of operations, and prospects. In light of that evaluation, B. Riley Financial determined that Lazydays was not getting credit for its ability to grow and that it would be more successful with its growth initiatives as a private company without the focus on short term results. To that end, on March 9, 2022, BRF sent a non-binding letter to Lazydays outlining the principal terms on which BRF would be willing to acquire it. B. Riley Financial intend to engage in discussions with Lazydays, its representatives, and other stakeholders concerning the letter and the proposal contained therein and to enter into negotiations. There can be no certainty those discussions will occur or, if they do, regarding the outcome of those discussions.
BWAQ

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09:01 EST Blue World Acquisition announces separate trading of shares, warrants, rights - Blue World Acquisition Corporation announced that, commencing on March 16, 2022, holders of the 9,200,000 units sold in the Company's initial public offering, including Units sold upon the full exercise of the underwriters' over-allotment option, may elect to separately trade the Class A ordinary shares, warrants, and rights included in the Units. Any Units not separated will continue to trade on the NASDAQ Global Market under the symbol "BWAQU". Any underlying Class A ordinary shares, warrants, and rights that are separated are expected to trade on the NASDAQ under the symbols "BWAQ," "BWAQW," and "BWAQR," respectively. Holders of Units will need to have their brokers contact the Company's transfer agent, Continental Stock Transfer & Trust Company, in order to separate the holders' Units into Class A ordinary shares, warrants, and rights.
MDGS

Hot Stocks

08:57 EST Medigus: Charging Robotics signs LOI for securities exchange agreement - Medigus announced that the Company and its wholly owned subsidiary, Charging Robotics Ltd., signed a non-binding letter of intent for a planned securities exchange agreement with Fuel Doctor, a Delaware corporation traded on the OTC Markets. The securities exchange agreement, if signed, will be subject to customary closing conditions. The transaction will result in Charging Robotics becoming a wholly owned subsidiary of Fuel Doctor, and in exchange, Medigus will receive 80% of the issued and outstanding share capital of Fuel Doctor. Upon closing, Medigus will appoint nominees as officers and directors of Fuel Doctor. As of the closing, FDOC shall have net cash in an amount of no less than $1.0 million, excluding Fuel Doctor's expenses in connection with the contemplated transaction.
LAZY

Hot Stocks

08:56 EST B. Riley Securities reports 8.6% stake in Lazydays, seeks talks on acquisition - B. Riley Securities purchased the common stock for investment purposes, and such purchases were made in the ordinary course of business. As with their other investments, B. Riley Securities continuously evaluates Lazydays and its businesses, results of operations, and prospects. In light of that evaluation, B. Riley Securities determined that Lazydays was not getting credit for its ability to grow and that it would be more successful with its growth initiatives as a private company without the focus on short term results. To that end, on March 9, 2022, BRF sent a non-binding letter to Lazydays outlining the principal terms on which BRF would be willing to acquire it, and is filing this Schedule 13D. B. Riley Securities intend to engage in discussions with Lazydays, its representatives, and other stakeholders concerning the letter and the proposal contained therein and to enter into negotiations. There can be no certainty those discussions will occur or, if they do, regarding the outcome of those discussions.
ULTA

Hot Stocks

08:48 EST Ulta Beauty approves new $2B share repurchase authorization - Along with announcing Q4 results last night, Ulta Beauty announced that during the fourth quarter of fiscal 2021, the company repurchased 1.9M shares of its common stock at a cost of $759.8M as that as of January 29, 2022, the amount remaining available under the $1.6B share repurchase program announced in March 2020 was "nominal." On March 7, the company's board of directors approved a new share repurchase authorization of $2B, which replaces the prior authorization implemented in March 2020. Under the new program, as under the previous program, the company may repurchase outstanding shares of the company's common stock from time to time through accelerated share repurchases, privately negotiated transactions, or open market transactions, including under plans complying with Rule 10b5-1 under the Securities Exchange Act of 1934. The new program has no expiration date but may be terminated by the Board at any time, Ulta noted.
WRBY EMN

Hot Stocks

08:41 EST Warby Parker announces new partnership with Eastman Chemical - Warby Parker (WRBY) announced a new partnership with Eastman (EMN) to create a demo lens molecular recycling program. Since the summer of 2021, discarded demo lenses from Warby Parker's optical labs, located in Sloatsburg, New York, and Las Vegas, Nevada, have been sent to Eastman's facility in Kingsport, Tennessee, where Carbon Renewal Technology is used to break the lenses down to their molecular level. Once broken down, the molecules are reused as the building blocks to create Eastman Acetate Renew-an acetate exclusively supplied by Eastman that is 60% bio-based and 40% certified recycled content. Acetate Renew is chemically and physically identical to traditional acetate; it offers a sustainable solution with no compromise to aesthetics, durability, or performance. The brand plans to begin incorporating Acetate Renew into some of its frames later this year.
AGL

Hot Stocks

08:37 EST Agilon Health partners with MaineHealth on primary care delivery - Agilon Health announced the company has begun implementation for a long-term partnership with MaineHealth, the largest integrated health system in northern New England. Agilon Health and MaineHealth's partnership is expected to create access to a new primary care delivery system that enables care for Medicare Advantage patients across the health system's service area in Maine and New Hampshire. With the expected addition of MaineHealth and six other physician groups in 2023, Agilon Health's footprint will expand to include 23 physician groups, 12 states, 25 diverse geographies, and more than 2,200 primary care physicians. These new partnerships are estimated to add 80,000 Medicare Advantage members on the agilon platform in 2023. In addition, Agilon's partnership model will now include four physician partner types: PCP only groups, multispecialty groups, scaled networks and integrated health systems. Agilon health and MaineHealth have begun implementation work under a signed a letter of intent and expect to finalize the long-term, joint venture agreement in Q2. The six additional new physician group partners expected to join the agilon platform in 2023 will be announced at a future date.
SFET

Hot Stocks

08:35 EST Safe-T partners with TerraZone, DreamVPS to launch Virtual Private Workforce - Safe-T Group announced that it has partnered with TerraZone and DreamVPS to offer a first-of-its-kind Virtual Private Workforce, VPW, cloud service. The new VPW cloud service was developed in response to organizational workforce shifts to remote or work-from-anywhere models accelerated by the COVID-19 pandemic and current geopolitical events. The VPW cloud service provides small and medium-sized businesses, SMBs, with a fully hosted and virtualized infrastructure designed to support the needs of software development teams. "We are excited about our new partnership and engagement with DreamVPS to provide a compelling new security solution to their large global customer base, adding to our continued revenue growth in 2022. VPW incorporates some of the best-of-breed security technologies, including our ZoneZero(R) network access solution, with the data protection technology by Safe-T and TerraZone, all delivered via DreamVPS' cloud platform. Together, we are enabling organizations to significantly enhance the security of their valuable R&D and intellectual property with an effective, easy-to-implement service," said Shachar Daniel, Chief Executive Officer of Safe-T.
CEI

Hot Stocks

08:34 EST Camber Energy redeems Preferred Shares - Camber Energy is pleased to announce that on March 10, 2022 it redeemed 2,636 shares of Series G Preferred Stock, which were previously issued by the Company on December 31, 2021 as part of a $100 million financing commitment from an institutional investor. The 2,636 Series G Shares were associated with a promissory note issued by the investor in favor of the Company in the principal amount of $23,750,000, due March 31, 2022, and the Company exercised its right to redeem the shares and cancel the promissory note. The other three promissory notes issued by the investor in favor of the Company remain outstanding and the Company has the right to redeem the Series G Shares associated with such notes. Separate from the Series G Shares, the Company's outstanding Series C Preferred Shares have been reduced by approximately 59% since December 1, 2021 through redemptions and conversions.
IDAI

Hot Stocks

08:33 EST Trust Stamp, VIVA Finance announce partnership focusing on financial inclusion - Trust Stamp announces a partnership with VIVA Finance, VIVA, a mobile-first FinTech lending platform. With a shared core focus on financial inclusion, Trust Stamp and VIVA are leveraging their solutions together to "support robust, accessible, and equitable financial systems as the foundation for global inclusion," the company said. Trust Stamp Chief Commercial Officer, Kinny Chan comments: "Trust Stamp's vision for global inclusion has driven our work to provide secure, privacy-first identity solutions for the billions of people around the world whose lack of verifiable data prevents them from accessing financial services. VIVA's transformative work highlights the need for equitable services and greater consumer choice even in highly developed economies. The integration of Trust Stamp's secure, equitable, and dignified solutions for establishing trust is an important factor in the multifaceted effort to empower all individuals with financial opportunity. We are thrilled to work with the VIVA team as we continue fostering mission-aligned partnerships to expand the reach and impact of Trust Stamp's powerful identity solutions."
LUB

Hot Stocks

08:31 EST Luby's to issue 50c per share cash liquidating distribution - Luby's, which is in the process of monetizing its assets for the benefit of its shareholders, announced that the company's Board of Directors has declared a cash liquidating distribution of 50c per share to be paid on March 28 to shareholders of record as of March 21. The liquidating distribution is being paid from the net proceeds from recent property sales. The distribution follows an initial distribution of $2.00 per share paid on November 1, 2021. The company currently owns 18 real estate locations which it is in the process of marketing and selling, including six locations that are currently under contract to sell.
PSO APO

Hot Stocks

08:29 EST Pearson says rejected 'preliminary and highly conditional' Apollo proposals - In a response issued to the London Stock Exchange, Pearson (PSO) noted the announcement made by Apollo Global (APO) and stated: "The Board of Pearson confirms that, on 5 November 2021, it received an unsolicited, preliminary and highly conditional proposal from Apollo regarding a possible cash offer for the entire issued and to be issued share capital of the company at 800 pence per share. The Board of Pearson considered the First Proposal, together with its financial and legal advisers, and concluded that it significantly undervalued the company and its future prospects, and accordingly unanimously rejected the First Proposal. On 7 March 2022, Pearson received a second unsolicited, preliminary and highly conditional proposal from Apollo regarding a possible cash offer for the entire issued and to be issued share capital of the company at 854.2 pence per share, including the FY 2021 dividend of 14.2 pence per share which has been announced but not yet paid. The Board of Pearson considered the Second Proposal, together with its financial and legal advisers, and concluded that it significantly undervalued the company and its future prospects. Accordingly, the Board of Pearson unanimously rejected the Second Proposal. The Board is confident that the lifelong learning strategy set out in March 2021 will create sustainable, long-term value for Pearson stakeholders and that the results for FY 2021 demonstrated the building momentum as Pearson executes on this new strategic vision. The Board is also mindful of its fiduciary duties in the event that an appropriate proposal is forthcoming. There can be no certainty that any offer will be made, nor as to the terms of any offer. In accordance with Rule 2.6(a) of the Code, Apollo is required, by no later than 5.00 pm on 8 April 2022, either to announce a firm intention to make an offer for Pearson in accordance with Rule 2.7 of the Code or to announce that it does not intend to make an offer for Pearson, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline can be extended with the consent of the Takeover Panel in accordance with Rule 2.6(c) of the Code. This announcement has been made without the consent of Apollo."
GTLL

Hot Stocks

08:23 EST Global Technologies elects to rescind spin-off of Markets on Main - The Company has elected to rescind the previously announced spin-off of its logistic subsidiary, Markets on Main, as Tersus Power has determined that MOM will be able to provide the logistics services much needed by it in the roll out of its hydrogen fueling and active storage facilities. As such, the Company has elected to grant its shareholders as of the Record Date a Right to purchase additional shares of Tersus Power at a to be determined pro rata ratio of 2:1 to 5:1, or two shares for every one share owned to five shares for every one share owned. The shares to be issued in the Rights Offering will be registered with the Securities and Exchange Commission. The Record Date, pro rata ratio and price per share will be announced approximately 30 days prior to the Closing Date.
GTLL

Hot Stocks

08:22 EST Global Technologies, Tersus Power enter into share exchange agreement - Global Technologies is pleased to inform shareholders that it has entered into a Definitive Share Exchange Agreement with Tersus Power. As previously announced on November 17, 2021, the Company entered into a Letter of Intent to acquire Tersus Power. On March 9, 2022, the Company entered into a Share Exchange Agreement with Tersus Power and the Tersus Shareholders. Under the terms of the Exchange Agreement, at Closing the Company shall deliver to the Tersus Shareholders a to-be-determined pro-rata number of shares of the Company's Class A Common Stock for each one share of Tersus common stock held by the Tersus Shareholder. Such shares of the Company's Class A Common Stock shall collectively be referred to as the "Exchange Shares", and constitute 75% of the issued and outstanding shares of stock, of all classes, of the Company immediately following the Closing. Conditions precedent to the Closing shall require the Company to complete the following corporate actions: the Company will have completed a merger with and into its wholly owned subsidiary sufficient to change its name to "Tersus Power, Inc.", a Delaware corporation, with an authorized capital of 500 million shares of common stock, and 10 million shares of preferred stock, the Company will have completed, and FINRA will have recognized and effectuated, a reverse split of its common stock in a range between 1-for-1,000 and 1-for-4,000, at a level that is acceptable to the Parties, all of the holders of the Company's Series K Preferred Stock and Series L Preferred Stock will have converted their preferred shares into Class A Common Stock of the Company, and certain nominees by the Tersus Shareholders shall be appointed to the Company's Board of Directors. Unless the Exchange Agreement shall have been terminated and the transactions therein contemplated shall have been abandoned, the closing of the Exchange will take place at 5:00 p.m. Pacific Time on the second business day following the satisfaction or waiver of the conditions. Either party may terminate the Exchange Agreement if a Closing has not occurred on or before June 30, 2022.
VHIBF

Hot Stocks

08:20 EST Vitalhub announces licensing deal with Befordshire Hospital NHS Foundation Trust - VitalHub is pleased to announce a multi-year licensing deal of subsidiary Intouch with Health's software solutions with Bedfordshire Hospitals NHS Foundation Trust. This transaction comprises the 7th Intouch with Health deal announced this quarter. Bedfordshire Hospitals NHS Trust is a new customer of the Company, with the Trust engaging with Intouch last year to look at improving efficiencies in assisting with the management of their elective care backlog. Bedfordshire Hospitals NHS Foundation Trust is a large general hospital across two sites, Luton & Dunstable University Hospital and Bedford Hospital. The Trust provides a comprehensive range of general medical and surgical services, including emergency department and maternity services.
HII

Hot Stocks

08:12 EST Huntington Ingalls names Harris chief sustainability and compliance officer - HII announced that Paul Harris has been appointed executive vice president and chief sustainability and compliance officer, reporting directly to HII President and CEO Chris Kastner on matters of sustainability. The move expands the scope of responsibilities for Harris, who has served as HII's chief compliance officer since 2020. "In his new role he will oversee the company's ongoing efforts to formalize and mature its strategy-driven environmental, social and governance program, in addition to overseeing matters of compliance," the company said.
AREC

Hot Stocks

08:11 EST American Resources acquires operating rights to PCI carbon surface mine - American Resources announced that it has acquired the operating rights to a PCI carbon surface mine operation to further expand the production of their McCoy Elkhorn Complex in Pike County, Kentucky. Carbon production from this operation will be transported approximately 15 miles to the Company's processing facilities at its McCoy Elkhorn complex to be processed and shipped to customers. The quality of this operation is anticipated being sold into the PCI and specialty carbon markets. Once ramped, the Company anticipates the operation to produce between 5,000 to 15,000 tons per month. While the terms of the transaction were not disclosed there was no capital paid upfront as part of the transaction.
SYN

Hot Stocks

08:11 EST Synthetic Biologics completes acquisition of VCN Biosciences - Synthetic Biologics announced that it has completed the acquisition of VCN Biosciences following the satisfaction of all closing conditions. "The acquisition of VCN positions us at the forefront of oncolytic virus development and propels the Synthetic Biologics pipeline forward," said Steven Shallcross, Chief Executive Officer of Synthetic Biologics. "The therapeutic application of OVs has been limited, in part, by a need for local administration. Our OVs are designed for systemic administration to target primary as well as metastatic tumors. Once inside the tumor, our OVs are uniquely engineered to replicate selectively and aggressively within the tumor cells and to break down the tumor stroma through the expression of PH20, a differentiating benefit of VCN-01." As consideration for the purchase of VCN, at the closing of the transaction Synthetic Biologics paid $4,700,000 to Grifols Innovation and New Technologies Limited, the owner of approximately 86% of the equity of VCN, and issued to the remaining shareholders and certain key employees and consultants of VCN 26,395,303 shares of common stock of Synthetic Biologics, representing 19.99% of the outstanding shares of Synthetic's Biologics common stock on December 14, 2021, the date of the Share Purchase Agreement with VCN and its shareholders. Synthetic Biologics has also agreed to make the following milestone payments to Grifols Innovation and New Technologies Limited: $3M upon VCN-01 US IND Safe to Proceed - PDAC; $2.75M upon VCN-01 US IND Safe to Proceed - RN; $3.25M upon VCN-01 US first patient dosed- PDAC after receipt of VCN-01 US IND Safe to Proceed for PDAC being informed; $3.25M upon VCN-01 US first patient dosed - RB after receipt of VCN-01 US IND Safe to Proceed for RB being informed; $6M upon VCN-01 US Phase 2 trial meets the primary endpoint or if a Phase 2 trial is not conducted and only a Phase 3 trial is conducted then upon a Phase 3 being initiated - PDAC; $8M upon VCN-01 Pivotal Trial meeting the primary endpoint or upon BLA Submission - RB; $12M upon VCN-01 US Phase 3 trial meeting the primary endpoint or upon BLA Submission - PDAC; $16M upon VCN-01 BLA Approval - PDAC; $16M upon VCN-01 BLA Approval - RB
WDDD ATVI

Hot Stocks

08:10 EST U.S. Court of Appeals upholds invalidity ruling on Worlds Inc. patents - The U.S. Court of Appeals for the Federal Circuit has affirmed the District Court judgement from April 30, 2021 that the claims of Worlds Inc. (WDDD) asserted patents are invalid under 35 U.S.C. Section 101 as directed to ineligible subject matter. Worlds had asked this Court to reverse an adverse District Court judgment from April 30, 2021 that favored defendants Activision Blizzard (ATVI), Blizzard Entertainment, Inc., and Activision Publishing, Inc. "We are obviously disappointed in the court's decision, which issued almost 10 years to the day that Worlds filed its lawsuit against Activision," Worlds CEO Thom Kidrin stated. "When Worlds filed its lawsuit against the Activision entities in 2012, challenges under Section 101 were rare. In the last seven years, following the Supreme Court's Alice decision, the patent landscape has shifted dramatically. Now, challenges under Section 101 are much more common, and courts have recently ruled that inventions covering such tangible items as digital cameras and drive shafts are ineligible as abstract ideas or laws of nature. These results strongly indicate that the Section 101 body of law needs refining. Changes to section 101 are long overdue," Kidrin stated. "We are closely monitoring these developments, and will be studying the Solicitor's response on the Axle case, as it relates directly to our 101 invalidity ruling. Going forward, Worlds is keeping all options open for seeking further review, including the possibility of asking the Supreme Court to also review the adverse order against our claims. Worlds was ahead of its time in developing these technologies decades ago and has a vision for advancing virtual and augmented reality multiverses. We will soon announce how we are leveraging our origin in the metaverse and assets we have recently acquired to broaden our strategic focus and build a new legacy woven around immersive environments and related digital technologies."
AREC

Hot Stocks

08:08 EST American Resources acquires rights to PCI carbon surface mine - American Resources announced that it has acquired the operating rights to a PCI carbon surface mine operation to further expand the production of their McCoy Elkhorn Complex in Pike County, Kentucky. Once ramped, the Company anticipates the operation to produce between 5,000 to 15,000 tons per month. While the terms of the transaction were not disclosed there was no capital paid upfront as part of the transaction.
FULC

Hot Stocks

08:07 EST Fulcrum Therapeutics reports inducement grants under Nasdaq listing rule - Fulcrum Therapeutics announced that the Company granted nonstatutory stock options to new employees as inducement awards outside of the Company's 2019 Stock Incentive Plan. Fulcrum granted stock options to purchase an aggregate of 31,520 shares of the Company's common stock to four new employees. The awards were granted as of March 7, 2022 pursuant to the Company's 2022 Inducement Stock Incentive Plan, each as an inducement material to the new employees entering into employment with the Fulcrum Therapeutics in accordance with Nasdaq Listing Rule 5635(c)(4). Each of the options has an exercise price of $14.90 per share, the closing price per share of the Company's common stock as reported by Nasdaq on March 7, 2022. Each option has a ten-year term and will vest over four years, with 25% of the original number of shares vesting on the first anniversary of the applicable employee's start date and an additional 6.25% of the shares vesting in equal quarterly installments over the twelve successive quarters following the first anniversary, subject to such employee's continued service with the Company through the applicable vesting dates.
ACHV

Hot Stocks

08:07 EST Achieve Life expands Manufacturing, Quality Operations team, inducement award - Achieve Life Sciences announced that the company has expanded its Manufacturing and Quality Operations Team with the hiring of a Vice President of Process Control and Quality Assurance. Achieve's Board of Directors approved the new employment inducement grant of stock options to purchase 20,000 shares of Achieve's common stock with a grant date of March 8, 2022. Achieve granted the stock options as a material inducement to the new employee for entering into employment agreements with Achieve in accordance with Nasdaq Listing Rule 5635(c)(4). The stock options approved under the inducement grant were issued pursuant to a stock option agreement on terms substantially similar to Achieve's 2018 Equity Incentive Plan and have a per share exercise equal to the closing price of Achieve's common stock on March 8, 2022. The stock options have a 10-year term and are subject to the terms and conditions of the stock option agreement.
CPRX

Hot Stocks

08:06 EST Catalyst, Kye announce Canadian court ruling setting aside approval of Ruzurgi - Catalyst Pharmaceuticals and KYE Pharmaceuticals announced receipt of a favorable decision from the Federal Court of Canada setting aside for the second time the decision of Canada's national healthcare regulatory agency, Health Canada, to approve Ruzurgi for Lambert-Eaton Myasthenic Syndrome patients. This decision sets aside the Notice of Compliance issued by Health Canada for Ruzurgi due to the inclusion of data developed for FIRDAPSE, which is protected from such use due to FIRDAPSE's status as an Innovative Drug in Canada. Drugs that qualify as Innovative Drugs are protected by regulation from other parties using that data as part of their submissions seeking an NOC for eight years from approval of the Innovative Drug. The Court determined that the Minister's approach to evaluating whether FIRDAPSE data deserved such protection was legally flawed and not supported by the evidence. "We are very pleased by the Canadian Federal Court's decision, once again, that the data submitted to support FIRDAPSE's NOC in Canada was not adequately protected by the Minister due to its status as Innovative Drug. This is welcome news for our company and shareholders," said Patrick McEnany, Chairman and CEO of Catalyst. "Together with our partner KYE Pharmaceuticals who share our passion for addressing the needs of LEMS patients in Canada, we are well prepared to help eligible patients obtain access to this important medicine. This milestone further demonstrates our continued commitment to help ensure that all LEMS patients have access to this innovative medicine both in the U.S. and Canada."
CGRN

Hot Stocks

08:06 EST Capstone Green Energy to provide microturbine for gas-to-energy project - Capstone Green Energy announced that its distributor for the Upper Midwest, New England and Eastern Canada Vergent Power Solutions, has secured a contract to provide a one-megawatt microturbine system to be installed in a landfill gas-to-energy project for a solid waste facility in New England. The renewable energy project will convert the gas generated by waste at the landfill to electricity that will be redistributed to the electrical grid and utilized by the city to power its municipal facilities. The waste to energy project is expected to be commissioned in early 2023.
PSO APO

Hot Stocks

08:06 EST Pearson jumps 18% to $10.28 after Reuters report of possible offer from Apollo Global
CFMS

Hot Stocks

08:06 EST Conformis announces Gary Fischetti nominated to board of directors - Conformis announced that Gary Fischetti has been nominated to stand for election to the Company's Board of Directors at the Company's 2022 Annual Meeting of Stockholders, scheduled to be held on May 4, 2022. Fischetti will replace Richard Meelia, who will be retiring from the Board immediately prior to the Annual Meeting. Fischetti currently serves as the Chairman of the Board for Orchid Orthopedic Solutions and as a member of the Board at Extremity Medical.
CFX

Hot Stocks

08:04 EST Colfax announces board of directors for Enovis - Colfax announced the future composition of the Board of Directors of the Company, which will be renamed Enovis Corporation upon the consummation of the Company's previously announced spin-off of its existing fabrication technology business, which will operate as ESAB Corporation. Following the Separation, Mitchell Rales will continue to serve as chairman of the Board, and current Colfax directors Liam Kelly, Philip Okala, Clayton Perfall, Rajiv Vinnakota, Sharon Wienbar, and Matt Trerotola will remain in their current roles as directors of Enovis. Trerotola will also serve as CEO of Enovis upon completion of the separation. In addition, the Board has appointed Barbara Bodem, Angela Lalor, Dr. Christine Ortiz and Brady Shirley to serve as directors of the Company, effective upon the consummation of the Separation. The Company also announced that current Colfax directors Patrick Allender, Rhonda Jordan and Didier Teirlinck will be resigning from the Board effective upon the consummation of the Separation to join the board of directors of ESAB Corporation, and that Thomas Gayner has announced his intention to retire from the Board effective as of March 31, 2022.
IMNM

Hot Stocks

08:04 EST Immunome announces FDA lifts clinical hold on IMM-BCP-01 IND application - Immunome announced that the FDA has lifted the clinical hold on its investigational new drug, or IND, application for its antibody cocktail, or IMM-BCP-01, for the treatment of SARS-CoV-2, or COVID-19. Immunome previously announced that the FDA had placed the company's IND application on clinical hold due to a request for further information related to the preparation and administration of IMM-BCP-01 at clinical sites. In response, Immunome provided the FDA with a comprehensive report detailing the necessary information.
LGVN

Hot Stocks

08:03 EST Longeveron expects cash to cover requirements into 2024 - Cash and short-term investments was $35.0 million compared to $0.8 million as of December 31, 2021 and 2020, respectively. The increase in cash period over period was the result of proceeds received from our initial public offering in February 2021 and our subsequent private placement offering in December 2021. Based on the Company's current operating plan and financial resources, we believe that our existing cash and short-term investments will be sufficient to cover expenses and capital requirements into 2024.
HOTH

Hot Stocks

08:02 EST Hoth Therapeutics: FDA Orphan Drug Designation granted to HT-KIT - Hoth Therapeutics announced the U.S. FDA designated HT-KIT, a new molecular entity, as an Orphan Drug for the treatment of mastocytosis. HT-KIT is an antisense oligonucleotide that targets the proto-oncogene cKIT by inducing mRNA frame shifting. Preclinical studies have demonstrated that HT-KIT induces apoptosis of neoplastic mast cells and reduces metastasis associated with aggressive mastocytosis.
CAPR

Hot Stocks

08:01 EST Capricor Therapeutics publishes results from Phase 2 study of CAP-1002 - Capricor Therapeutics announced today that The Lancet, a renowned peer-reviewed global medical source for clinical and global health, has published positive results from Capricor's HOPE-2 Phase 2 clinical trial using lead asset, CAP-1002, to treat patients in advanced stages of Duchenne muscular dystrophy. Specifically, the study demonstrated that young men in the advanced stages of DMD experienced improvements in both skeletal and cardiac muscle function after receiving four doses of CAP-1002 over the course of one year. "CAP-1002 has shown safety and very promising efficacy in patients with DMD in two successful clinical trials to date, setting the stage for a novel therapeutic that can be life changing for patients with DMD," said Linda Marban, Ph.D., Chief Executive Officer of Capricor. "Further, our recently announced partnership with Nippon Shinyaku has secured us a commercialization and distribution partner in the US, experienced in rare diseases with specific expertise in DMD. Capricor is initiating our Phase 3, HOPE-3 clinical study imminently as we move towards potential commercialization."
EFX

Hot Stocks

07:51 EST Equifax partners with Team Velocity on subscription marketing service - Equifax and Team Velocity Marketing have partnered to deliver an innovative new subscription marketing service for automotive dealers through Team Velocity's recently launched Qualified Customer offering. Using anonymized Equifax differentiated data assets, Team Velocity has developed a proprietary propensity score to identify and target "perfect-time" shoppers - the individuals who are credit-qualified and most likely to buy a vehicle now.
EFX

Hot Stocks

07:50 EST Equifax, Autonomy announce new partnership - Autonomy and Equifax announced a new partnership. Autonomy will use Equifax InstaTouch ID, a leading mobile consumer identity and authentication solution, along with differentiated data and analytics from Equifax to enable, for the first time, a 100% digital subscription transaction to occur through a consumer's smartphone in as fast as 10 minutes from start to finish.
NTRA

Hot Stocks

07:40 EST Natera achieves milestone in its BESPOKE CRC study - Natera announced a milestone with over 100 sites initiated and 1,000 patients enrolled across the U.S. in its BESPOKE CRC study, a prospective, multi-center trial to measure the clinical impact of serial testing with Signatera in resectable CRC. Since its initial launch in January 2020, interest in the outcome of this trial has grown among oncologists nationwide, with a current target to enroll over 2,000 CRC patients across different stages of disease and to follow them for up to 5 years post surgery. The primary objectives of the study are to quantify the real-world impact of Signatera testing on both adjuvant treatment decisions and clinical outcomes, compared to a historical control group. The investigators plan to conduct an interim analysis later in 2022, for presentation at a future scientific congress.
MAG

Hot Stocks

07:34 EST MAG Silver to acquire Gatling Exploration in all-share transaction - GATLING EXPLORATION announced that it has entered into an arrangement agreement dated March 10, 2022 with MAG Silver Corp. The Arrangement Agreement contemplates that MAG will acquire all of the issued and outstanding common shares of Gatling pursuant to a court-approved plan of arrangement. Pursuant to the Arrangement Agreement, shareholders of Gatling will receive 0.0170627 of one common share of MAG for each Gatling share by way of plan of arrangement under the Business Corporations Act. This ratio reflects a premium of 49.1%, relative to the Company's last closing price on the TSX Venture Exchange and a premium of 47.4%, relative to the Company's latest 5-day VWAP of $0.2708/sh. Concurrent with the signing of the Arrangement Agreement and subject to TSXV approval, MAG has agreed to provide a bridge loan of up to $3,000,000 to Gatling, such Bridge Loan being evidenced by a promissory note and debenture, secured by a general security agreement. The loan will bear interest at a rate of 12% per annum and includes a conversion right whereby MAG may convert all or a portion of the outstanding principal amount and accrued interest into up to 19.9% of Gatling's issued and outstanding shares. The company said, "Strategic Rationale for the Transaction and Benefits to Gatling's Shareholders: Robust Premium - All-share consideration of C$0.40 per share which represents a strong premium of approximately 49.1% relative to the closing price of Gatling common shares on the TSXV on March 10, 2022 and a 47.4% premium relative to the Company's 5-day VWAP; Board and Shareholder Support - Strong shareholder support via voting support agreements from Sprott Asset Management and the officers and directors of Gatling, for the common shares, options and warrants held by such parties which collectively represent approximately 15.19% of Gatling's issued and outstanding common shares. Re-rate Potential - Exposure to MAG Silver and its world-class, 44%-owned Juanicipio project in Mexico which is scheduled to reach 85 - 90% design capacity by YE2022, as well as retaining optionality to further growth at the Larder project; Tier I Miner - MAG Silver is run by an exceptional, technically-inclined team, with a strong balance sheet and access to capital, providing our shareholders with increased liquidity and asset diversification; and Crystallization of Value - The Transaction provides certainty of value while limiting future dilution risk." Pursuant to the Transaction, Gatling shareholders will receive 0.0170627 of a common share of MAG for each Gatling common share held. Optionholders of Gatling will receive replacement options of MAG, entitling them to receive, on exercise, common shares of MAG, subject to an adjustment to reflect the Transaction. Holders of outstanding common share purchase warrants of Gatling will have their warrants adjusted in accordance with their respective contractual terms. The Transaction will be effected by way of a court-approved plan of arrangement under the BCBCA, requiring the approval of 66 2/3% of the votes cast by Gatling shareholders and optionholders, voting together as a single class, present in person or represented by proxy; 66 2/3% of the votes cast by shareholders of Gatling present in person or represented by proxy; and a simple majority of the votes cast by shareholders of Gatling excluding for this purpose the votes of "related parties" and "interested parties" and other votes required to be excluded under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions, all at a special meeting of Gatling's shareholders to consider the Transaction, and the approval of the Supreme Court of British Columbia. The Transaction is also subject to the approval of the TSXV, and the satisfaction of certain other closing conditions customary in transactions of this nature. The Arrangement Agreement contains customary provisions including non-solicitation and a right to match superior proposals in favour of MAG, as well as a $1 million termination fee or a $600,000 expense reimbursement payable to MAG under certain circumstances. The Board of Directors of Gatling unanimously approved the Arrangement Agreement, following the unanimous recommendation of a special committee of independent directors of Gatling. The Board of Directors recommends that its Securityholders vote in favour of the Transaction.
INSE

Hot Stocks

07:34 EST Inspired Entertainment expects to file Form 12b-25 with SEC - The company expects to file a notification of late filing on Form 12b-25 with the SEC which provides an automatic 15-day extension of the filing deadline for its Annual Report on Form 10-K for the fiscal year ended December 31, 2021 to March 31, 2022. The financial data presented for the year ended December 31, 2021 should be considered preliminary and could be subject to change as the company's independent registered public accounting firm has not completed its audit. The company anticipates that the Form 10-K for the year ended December 31, 2021 will be filed by March 31, 2022 or as soon as practicable.
AMAT

Hot Stocks

07:33 EST Applied Materials board increases quarterly dividend 8.3% to 26c per share - The Board of Directors approved an 8.3% increase in the quarterly cash dividend from 24c to 26c per share, marking the fifth consecutive annual dividend increase. The dividend is payable on June 16, 2022 to shareholders of record as of May 26, 2022.
AMAT

Hot Stocks

07:33 EST Applied Materials announces new $6B share repurchase authorization - Applied Materials announced that its Board of Directors has approved a new $6B share repurchase authorization, supplementing the previous authorization which had $3.2B remaining at the end of the first quarter of fiscal 2022. "The new share repurchase authorization and dividend increase demonstrate Applied Materials' confidence in the long-term growth of our markets, the strength of our technology, and our ability to generate strong cash flow and attractive shareholder returns," said Gary Dickerson, President and CEO. "Our broad portfolio of innovative products puts Applied in a great position to outperform our markets in the years ahead."
GFAI

Hot Stocks

07:27 EST Guardforce to acquire Shenzhen Keweien, Guangzhou Kewei for $10M - Guardforce AI announced today the signing of the definitive agreement of the previously proposed acquisition of Shenzhen Keweien Robot Service and Guangzhou Kewei Robot Technology. This acquisition is expected to serve an integral role in the growth of Guardforce AI's robotics as a service business initiative. This acquisition is expected to be closed by end of April 2022. The acquisition purchase price of $10,000,000 will be paid in a mix of cash and restricted ordinary shares of the Company. Guardforce AI is presently listed on the U.S. Nasdaq Capital Market under the symbol "GFAI." For purposes of the definitive acquisition agreement, each share will be valued at $4.20. The company said, "SZ and GZ are based in the Greater Bay Area, one of the fastest-growing economic regions in China with both Shenzhen and Guangzhou ranking among the top 10 largest Chinese cities and among the 30 largest cities globally. Focused on the hospitality, healthcare, property management, and government sectors, SZ and GZ derive revenues from AI robotic services which automate repetitive tasks, making them less labor intensive."
NOVN

Hot Stocks

07:24 EST EP Group announces EPI Health acquisition by Novan - The EP Group announced the acquisition of EPI Health, by Novan. Novan will host a conference call and webcast, March 11, 2022, at 8:30 a.m. ET. The company said, "EPI Health is an established specialty dermatology company that markets innovative prescription therapies to dermatologists to improve patients' quality of life. It is one of the leading companies in the US dermatology sector. EPI Health has an established sales force and commercial team with existing, deep market relationships across the dermatology community...Novan is a specialty dermatology pharmaceutical company focused on developing therapeutic products for skin diseases. The Company is leveraging its core platform of nitric oxide-based science and clinical translation expertise to bring new medicines to market. Novan announced positive results in a Phase 3 study from its lead candidate berdazimer gel 10.3% for the treatment of molluscum contagiosum and is advancing to submit a New Drug Application with the U.S. Food and Drug Administration targeted in Q4 2022." Following the acquisition, the Company will employ approximately 100 staff with over 300 years of experience in dermatology product development, commercialization, and sales.
PRKR QCOM

Hot Stocks

07:22 EST Orlando Court grants Qualcomm motion blocking ParkerVision presentation - ParkerVision (PRKR) announced that on March 9, 2022, the District Court in Orlando, Florida ruled on one of the outstanding pre-trial motions in the Company's patent infringement case against Qualcomm (QCOM). The court order, which is sealed "for attorney's eyes only" grants Qualcomm's motion to strike and excludes opinions of the Company's experts regarding alleged infringement and validity issues. Because this order is under seal, the Company does not yet have access to it and litigation counsel is unable to share the specific contents of the order with the Company. Nonetheless, ParkerVision and its litigation counsel disagree with the Court's order excluding opinions of the Company's experts related to infringement and validity issues and are evaluating their options. This case has additional outstanding pre-trial motions, including a motion for summary judgment for non-infringement and invalidity filed by Qualcomm and a motion for summary judgment filed by ParkerVision related to IPR estoppel. ParkerVision CEO Jeffrey Parker commented, "Unfortunately, this order was issued under seal meaning no one outside of counsel can see the content of the actual written order. Likewise, the motion on which this order was based is heavily redacted due to purportedly confidential Qualcomm information. We are working diligently with our litigation counsel to understand the implications of this order and to determine the best course of action moving forward."
GFAI

Hot Stocks

07:18 EST Guardforce to expand Robotics as a Service to China's greater Bay Area - Guardforce announced the signing of the definitive agreement of the previously proposed acquisition of Shenzhen Keweien Robot Service and Guangzhou Kewei Robot Technology. This acquisition is expected to serve an integral role in the growth of Guardforce AI's robotics as a service business initiative. This acquisition is expected to be closed by end of April. The acquisition purchase price of $10M will be paid in a mix of cash and restricted ordinary shares of the company. Guardforce AI is presently listed on the U.S. Nasdaq Capital Market under the symbol "GFAI." For purposes of the definitive acquisition agreement, each share will be valued at $4.20. SZ and GZ are based in the Greater Bay Area, one of the fastest-growing economic regions in China with both Shenzhen and Guangzhou ranking among the top 10 largest Chinese cities and among the 30 largest cities globally. Focused on the hospitality, healthcare, property management, and government sectors, SZ and GZ derive revenues from AI robotic services which automate repetitive tasks, making them less labor intensive.
PSEC

Hot Stocks

07:16 EST Prospect Capital says preferred stock offerings exceeded $550M - Prospect Capital Corporation announced that Prospect's preferred stock offerings have exceeded $550 million in aggregate liquidation preference issuances since the initial closing in the quarter ending December 31, 2020. "Prospect's preferred stock offers investors recurring cash income with a stable stated value, ongoing liquidity, management alignment, leverage caps, and over $4 billion of junior common equity credit support," said Grier Eliasek, President of Prospect. "Each of the institutional, registered investment advisor, wirehouse, independent private wealth, and international investor channels have invested in Prospect's preferred stock."
OXBDF FIXX

Hot Stocks

07:15 EST Oxford Biomedica launches Oxford Biomedica Solutions business - Oxford Biomedica (OXBDF) is pleased to announce that it has completed its deal with Homology Medicines Inc. (FIXX), to establish Oxford Biomedica Solutions LLC, a new US-based full scope, Adeno-Associated Virus manufacturing and innovation business. The new Oxford Biomedica Solutions business is fully operational and offers a proprietary 'plug and play' platform that is capable of achieving both high titre and high product quality vector for customers. The platform has already been proven with three separate new product INDs, and the process has been run successfully at representative scale more than 600 times. High titre, high product quality, proven expertise, and speed are the foundation of the platform, and this differentiated new offering. The platform and fully integrated end-to-end capabilities, including from vector design and process development through to clinical trials, are now available to customers. This includes: Proprietary 'plug and play' process and manufacturing platform protected by intellectual property; Team of approx.125 with complete end to end AAV expertise and experience; 45+ successful 500L cGMP batches produced since 2019; 3 x 500L single use bioreactors in multiple GMP suites operational; Full CMC development scope: vector design, plasmid engineering, upstream, downstream, analytical development, formulation development; cGMP operations scope: Manufacturing, engineering, quality assurance, quality control, warehousing; Platform successfully scaled to 2,000L; Platform is a consistent and reliable serum free suspension cell culture and transfections system, and a two-column chromatography purification.
GTBIF

Hot Stocks

07:14 EST Green Thumb Industries announces departure of Moore from board of directors - Green Thumb Industries announced the resignation of Wes Moore from its board of directors. Moore joined Green Thumb's board of directors in 2018 and served on the audit and compensation committee. The non-executive Green Thumb directors on the board include: Wendy Berger; William Gruver; Dorri McWhorter; Swati Mylavarapu; Glen Senk.
JCS

Hot Stocks

07:13 EST Communications Systems provides insight to proposed Pineapple Energy merger - Communications Systems provided additional insight into the strategic alternatives process that led to the proposed merger with Pineapple Energy that will deliver value to CSI shareholders if the proposed merger is approved at the special meeting of CSI shareholders scheduled for March 16. The company said, "The CSI board of directors has unanimously approved the proposed merger and recommends that CSI shareholders vote FOR the merger proposal and all other proposals. The special committee of the CSI board of directors, consisting solely of independent directors including two board members identified by the Company's two largest shareholders, also unanimously approved the proposed merger. The merger is the result of strategic alternatives process that was publicly announced in May 2018. The CSI board of directors continues to believe that the merger with Pineapple is more likely to deliver a more favorable and attractive value and return to the CSI shareholders than the potential value or return that might result from other possible strategic alternatives, including continued operation of CSI's S&S segment businesses, the development and execution of a transformative plan for CSI, or a complete liquidation of CSI. As previously described, the CVR will be distributed to pre-merger CSI shareholders as part of the CSI board's strategy to deliver value to the CSI shareholders from CSI's legacy assets. Following the closing of the merger, CSI will distribute its legacy cash to CVR holders in accordance with the CVR agreement as soon as August 2022. CSI's cash was approximately $6.4 million at December 31, 2021 and CSI's legacy cash at the closing of the merger will be increased by an estimated $3.44 million as a reimbursement of expenses associated with the merger transaction. Additionally, CSI currently is targeting to close the sale of its Minnetonka headquarters in April 2022. The net proceeds from an April 2022 sale of the Minnetonka headquarters, after escrows and holdbacks required by the CVR agreement, would be available for distribution to the CVR holders also as soon as August 2022. Therefore, the CSI board of directors is confident that CSI shareholders will realize value from the CSI legacy assets in 2022 in addition to the 2021 special dividend of $3.50 per share. Also, receipt of the CVR and receipt of cash distributions by CVR holders will occur in the same tax year. However, if the CSI shareholders do not approve the merger with Pineapple, CSI will be responsible for its transaction related expenses and none of estimated $3.44 million in expenses will be reimbursed to CSI. Additionally, CSI will continue to incur costs to operate its S&S segment business and comply with its public company reporting obligations until the CSI board of directors implements one or more strategic alternatives if the CSI shareholders do not approve the merger with Pineapple. These costs and expenses, along with the expense associated with implementing one or more strategic alternatives, will reduce CSI's cash available for any future strategic alternative, including for distribution to CSI shareholders in liquidation if that strategic alternative is approved by the CSI board of directors. If the merger is not approved by CSI shareholders, the range of strategic alternatives available to the CSI board of directors also may be limited. The merger with Pineapple is the culmination of a multi-year strategic alternatives process, and was determined by the CSI board of directors to be in the best interests of the CSI shareholders. The merger was publicly announced in March 2021 and since that time, no alternative bidder has announced any interest in acquiring CSI. Additionally, if the merger is not approved by CSI shareholders, there is no assurance that CSI would be able to identify any other private company interested in a similar reverse merger transaction or that such a transaction would result in comparable value to the CSI shareholders as the merger with Pineapple, particularly when taking into account the value to the CSI shareholders of the CVRs. In particular, CSI will face competition from SPACs and other public companies to attract a private company for a similar reverse merger transaction and these SPACs and other public companies may offer cash resources, access to financing or transaction terms that would be more favorable that what CSI could offer. Additionally, if the merger with Pineapple is not approved by CSI shareholders despite the unanimous recommendation of the CSI board of directors that CSI shareholders vote FOR the merger with Pineapple, CSI's ability to attract another private company for a similar reverse merger transaction will be significantly hampered by the perception that CSI shareholders would not support a similar reverse merger transaction, which would also require CSI shareholder approval."
AVDL

Hot Stocks

07:12 EST Avadel announces new data for Once-at-Bedtime FT218 for narcolepsy - Avadel Pharmaceuticals announced new data will be presented in eight posters at the World Sleep 2022 congress in Rome. The presentations will feature results from a discrete choice experiment, DCE, designed to characterize and quantify drivers of preferences for attributes associated with oxybate treatments for narcolepsy. New post-hoc data from the completed pivotal Phase 3 REST-ON clinical trial of FT218 and interim data from the ongoing RESTORE open-label extension/switch study of FT218 will also be presented. FT218, the Company's lead drug candidate, is an investigational formulation of sodium oxybate designed to be taken once at bedtime for the treatment of excessive daytime sleepiness or cataplexy in adults with narcolepsy. Highlights from the poster presentations follow: The DCE confirmed that once-nightly dosing, when compared to twice-nightly dosing, was the most important attribute driving both patient and clinician preference for overall oxybate product choice. Furthermore, in the REST-ON post-hoc analyses, FT218 demonstrated improvement in subjective measures of daytime sleepiness, sleep quality and refreshing nature of sleep as early as week 1 with the 4.5-g starting dose, with even greater improvement at week 2 soon after starting the 6-g dose compared to placebo. Additional post-hoc analyses, stratified by narcolepsy type, as well as concomitant stimulant use, or without stimulants, demonstrated positive results that are generally consistent with previously reported positive endpoints from REST-ON and add to the existing body of evidence for FT218. In the first presentation of an interim safety analysis from the ongoing RESTORE study, FT218 has generally been well tolerated, with some participants receiving therapy for more than 18 months; no new safety signals have emerged.
ACMR

Hot Stocks

07:12 EST ACM Research comments on SEC announcements on U.S. HFCAA - ACM Research commented on recent announcements made by the U.S. Securities and Exchange Commission regarding the U.S. Holding Foreign Companies Accountable Act of 2020. On March 8, 2022, the SEC published its first "Provisional list of issuers identified under the HFCAA." ACM was identified on the SEC's provisional list after ACM filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2021, which includes an audit report issued by a public accounting firm that the PCAOB is unable to inspect because of regulations in China. ACM appeared relatively early on the SEC's provisional list after the filing of its Annual Report on Form 10-K on March 1, 2022. ACM anticipates additional companies with relatively later filing schedules will appear on subsequent provisional lists as those companies file their respective annual reports. ACM's appearance on the provisional list does not mean ACM will be delisted soon, or at all. According to SEC guidelines, the earliest a trading prohibition could be invoked is 2024, once an issuer has appeared on the SEC's provisional lists for three consecutive years, 2022, 2023 and 2024. Moreover, ACM is implementing plans to identify and appoint an independent public accounting firm that is subject to inspection by the PCAOB, in order that in the future ACM will no longer appear on the SEC's provisional lists and will no longer be subject to the related delisting guidelines. "ACM has already begun to interview potential U.S. auditors to comply with the guidelines," said Dr. David Wang, President and CEO of ACM. "As we announced on December 7, 2021, we are confident in our ability to meet the SEC requirements in advance of the 2024 deadline, and we remain committed to our NASDAQ listing status."
MKC

Hot Stocks

07:11 EST McCormick suspends operations in Russia - McCormick & Company announced a suspension of operations in Russia. This decision follows the action the company took at the start of the conflict to stop all advertising and promotional activity and other investments in Russia. Company operations in Ukraine have been paused in order to focus on the safety of employees and their families. To aid in humanitarian efforts, the company is also supporting the Polish Center for International Aid and the World Central Kitchen. McCormick hopes for an immediate end to the conflict in Ukraine and the suffering of innocent people. The company will continue to monitor and assess the situation as circumstances evolve.
BRC

Hot Stocks

07:10 EST Brady announces CEO leadership transition - Brady announced the retirement of Director, President and Chief Executive Officer Michael Nauman and the appointment of current Senior Vice President and President - Identification Solutions, Russell Shaller as President, Chief Executive Officer and Director, effective April 1, 2022. At the request of the Board of Directors, Nauman will remain with the Company in a consultative position until June 17, 2022, to ensure a smooth transition. Shaller will retain his responsibilities as Senior Vice President and President - Identification Solutions while conducting a search for his replacement. Shaller has served as Brady's Senior Vice President and President - Identification Solutions for nearly 7 years.
XELA

Hot Stocks

07:09 EST Exela Technologies expects annual operating cash flow to improve by $50M in 2022 - As of December 31, 2021, Exela raised a total of $407 million in gross proceeds from equity offerings. In accordance with Exela's plan to strategically reduce its debt and associated interest expense obligations as well as explore ways to invest in its growth, Exela used proceeds from its equity offerings to repurchase or repay an aggregate principal amount of $438.8 million of its debt as of December 31, 2021 resulting in a year-over-year reduction in our Long-term debt of $454 million. Exela expects its annual operating cash flow to improve by approximately $50 million in 2022.
CLNN

Hot Stocks

07:08 EST Clene provides update on upcoming trial results - CNM-Au8 for the treatment of amyotrophic lateral sclerosis: Healey ALS Platform Trial top-line data expected 2H 202. CNM-Au8 for the treatment of multiple sclerosis: The VISIONARY-MS Phase 2 clinical trial will conclude early due to pandemic-related enrollment challenges. Clene will utilize the available data collected from up to 48 weeks of clinical visits to better understand the efficacy and safety profile of CNM-Au8 and to inform further clinical development in MS. Unblinded VISIONARY-MS data are targeted for the second half of 2022. CNM-ZnAg for the treatment of COVID-19: The CNM-ZnAg COVID Phase 2 clinical trial achieved full enrollment in acutely symptomatic, non-hospitalized COVID-19 patients in Brazil. Top-line results are expected mid-year 2022.
RGF

Hot Stocks

07:06 EST Real Good Food expects cash balance to be sufficient for 'foreseeable future' - As of December 31, 2021, the Company had cash and cash equivalents of $29.7 million and total debt was $22.0 million3. The Company's cash balance of $29.7 million combined with its unused revolver capacity of $35.8 million, provides it with liquidity of $65.5 million, which it believes is sufficient to fund the Company's business for the foreseeable future.
RGF

Hot Stocks

07:06 EST Real Good Food sees long-term net sales of $500M - Sees long-term Adjusted gross margin of 35%; Adjusted EBITDA margin of 15%.
BGNE

Hot Stocks

07:05 EST BeiGene receives China NMPA approval for tislelizumab - BeiGene announced that the China National Medical Products Administration, or NMPA, has granted conditional approval to BeiGene's anti-PD-1 antibody, tislelizumab, for the treatment of adult patients with advanced unresectable or metastatic microsatellite instability-high, or MSI-H, or mismatch repair deficient, or dMMR, solid tumors, including: Patients with advanced colorectal cancer, or CRC, who had been treated with fluoropyrimidine, oxaliplatin and irinotecan and other advanced solid tumors who develop disease progression after prior treatment and have no satisfactory alternative treatment options.
CLNN

Hot Stocks

07:05 EST Clene see cash funding operations into Q2 of 2023 - Clene's cash and restricted cash totaled $50.3 million as of December 31, 2021, compared to $59.3 million as of December 31, 2020. Clene expects that its resources as of December 31, 2021, will be sufficient to fund its operations into the second quarter of 2023.
DS

Hot Stocks

06:58 EST Drive Shack to bring Puttery to Kansas City, Mo. - Drive Shack announced it will bring Puttery, its newest competitive socializing experience, to Kansas City, Mo. The venue will be located in Country Club Plaza, Kansas City's premier retail destination featuring 15 blocks of Spanish-inspired architecture, designer shops, popular restaurants, scenic fountains, and horse-drawn carriage rides. Considered a local hot spot for date nights, happy hours, and corporate outings, Puttery is a fitting addition to The Plaza's thriving scene. The 23,600-square-foot venue will occupy the lower levels of the Jack Henry building and sit adjacent to the Kansas City Chiefs Fitness Center. The space will feature uniquely themed nine-hole courses as well as numerous bars and lounge areas for guests to indulge in curated craft cocktails and chef-inspired menu items.
MAG

Hot Stocks

06:48 EST MAG Silver to acquire Gatling Exploration in an all-share transaction - MAG Silver is pleased to announce that it has entered into a Definitive Arrangement Agreement with Gatling Exploration pursuant to which MAG will acquire all of the issued and outstanding common shares of Gatling in an all-share transaction. Each Gatling shareholder will be entitled to receive 0.01702627 of a common share of MAG for each share of Gatling held. The Consideration values Gatling at approximately C$0.40 per share, representing a premium of approximately 47.4% to Gatling shareholders, based on the 5-day volume weighted average price of each company as of the close of trading on March 10. Upon completion of the Transaction, it is expected that Gatling shareholders will hold approximately 0.79% of MAG shares on an outstanding basis. Transaction is subject to the receipt of applicable regulatory approvals, including approval of the TSX, and the satisfaction of certain other closing conditions customary in transactions of this nature and is anticipated to be completed by late May.
GIB

Hot Stocks

06:37 EST CGI Inc. to acquire controlling stake in Umanis for EUR 310M - CGI announced that it has entered into an agreement for the acquisition, through its subsidiary CGI France SAS, of all of the shares of Umanis, a digital company specializing in data, digital and business solutions with annual revenue of approximately EUR 246M, which has been operating for more than 30 years, mainly in the French market. The proposed transaction values the entire share capital of Umanis at approximately EUR 310M on a fully diluted basis and represents a premium of 45.96% to Umanis' shares' last closing price of March 10 and of 30.40% to their volume-weighted average closing price over the last 30 trading days. Under the agreement, CGI France has the exclusive right to acquire all of the shares held by MURA and Olivier Pouligny, representing approximately 70.6% of the share capital of Umanis at a price of EUR 17.15 per share. Subject to completion of the block purchase, CGI France intends to launch a mandatory tender offer to acquire the remaining shares of Umanis at a price of EUR 17.15 per share and, subject to legal and regulatory conditions being met, will implement a squeeze-out transaction to acquire all remaining shares not already tendered as part of the offer. The signing of the block purchase agreement would only take place after completion of the information and consultation procedures of the relevant employee representative bodies of Umanis and CGI France. The completion of the contemplated block purchase is subject to certain conditions, including Umanis meeting minimum financial ratios, the obtaining of customary regulatory approvals, the delivery of a fairness opinion by Umanis' independent appraiser, as well as the issuance of a positive recommendation from Umanis' board of directors. The block purchase is expected to be completed and the offer is expected to be filed with the French financial markets authority by the end of Q2. The board of directors of Umanis met on March 10 and welcomed the proposed transaction, without prejudice to its reasoned opinion on the offer that will be issued following receipt of the independent expert's opinion. To that end, the board of directors designated a committee and, upon its recommendation, appointed Crowe HAF as independent expert to prepare a fairness opinion relating to the offer.
NOVN

Hot Stocks

06:37 EST Novan acquires EPI Health for $27.5M upfront - Novan announced its acquisition of EPI Health, a specialty pharmaceutical company focused on the U.S. dermatology market. Under the terms of the transaction, Novan has acquired EPI Health for an upfront purchase price of $27.5M, consisting of $11M in cash and $16.5M in a seller's note with a 24-month term. Based on financial performance of EPI's products and the occurrence of other events, Novan will pay up to an additional $23.5M in potential future milestone payments, certain of which may be paid in cash or in shares of Novan common stock at Novan's discretion.
PCG...

Hot Stocks

06:35 EST PG&E, Ford collaborate on bidirectional EV charging technology in homes - PG&E Corporation's (PCG) Pacific Gas and Electric Company, PG&E, and Ford Motor (F) announced a collaboration exploring how Ford's new F-150 Lightning electric vehicle, EV - the first commercially available light-duty truck with bidirectional charging technology - can interact with the electric grid and provide electric reliability benefits to PG&E customers. A pilot will test how the Ford-150 Lightning EV can interact with the grid to support electric reliability. PG&E and Ford will test the F-150 Lightning and its Intelligent Backup Power bidirectional charging capabilities in providing backup power for customers' homes in PG&E's service area. Intelligent Backup Power, making its debut on F-150 Lightning, gives customers the ability to use bidirectional power technology from their all-electric truck to provide up to 10 days of power to their homes during an outage, depending on home energy usage. The first installations of Ford's Intelligent Backup Power are beginning in spring 2022, supported by Sunrun (RUN) as Ford's preferred installation partner. "Today, we are seeing breakthrough opportunities at the intersection of the energy and transportation industries. As more electric vehicles and new charging technology become available, it is critical that we better understand how EVs can interact with the electric grid and how we can best support our customers. Through collaborations with automakers like Ford, we are innovating together for a cleaner, safer and brighter future for all," said PG&E Corporation CEO Patti Poppe. Reference Link
EBS

Hot Stocks

06:35 EST Emergent BioSolutions initiates Phase 1 study of SIAN - Emergent BioSolutions announced that it has dosed the first participant in its Phase 1 study to evaluate the safety, tolerability, pharmacokinetics, and pharmacodynamics of stabilized isoamyl nitrite, a treatment being developed for known or suspected acute cyanide poisoning. Under an existing multi-year contract with the Biomedical Advanced Research and Development Authority, and in collaboration with the Southwest Research Institute, Emergent is developing a single-use intranasal spray intended for administration by first responders and medical personnel following a cyanide incident.
WMPN

Hot Stocks

06:33 EST William Penn Bancorp to repurchase up to 5% of outstanding shares - William Penn Bancorp announced that is has adopted a stock repurchase program for up to 5% of its outstanding stock, or 758,528 shares. The stock repurchase program will become effective on March 25. This is William Penn's first stock repurchase program since completing its mutual-to-stock conversion and related stock offering in March 2021.
ACRE

Hot Stocks

06:32 EST Taconic, HEI to acquire Westchester Marriott from Ares Commercial for $40M - Taconic Capital Advisors, HEI Hotels & Resorts and Ares Commercial Real Estate announced that Taconic and HEI have partnered to acquire the Westchester Marriott, a 444-key hotel in Tarrytown, NY, from ACRE for $40M. As part of the transaction, ACRE has elected to provide a financing facility in support of the business plan for the hotel property. The 15-acre property, located at 670 White Plains Road in Tarrytown, offers 21 event rooms for a total of 26,700 square feet of conference and meeting space, including a 9,000-square foot ballroom with a total capacity of 1,100 people. The property includes a Ruth's Chris Steak House, Cooper Mill American restaurant, a gift shop, fitness center, spa and laundry. The hotel will continue to operate under the Marriott flag and will be managed by HEI Hotels & Resorts. Taconic and HEI will execute a comprehensive $30M case and soft goods renovation focused on all areas of the hotel. The Westchester market has lost nearly 1,200 directly competitive hotel rooms during the last several years, including more than 90,000 square feet of meeting space.
ESLOY

Hot Stocks

06:14 EST EssilorLuxottica confirms target of MSD annual revenue growth from 2022 to 2026 - The Company confirms its target of mid-single-digit annual revenue growth from 2022 to 2026 and expects to achieve an adjusted operating profit as a percentage of revenue in the range of 19-20% at the end of the period.
PK

Hot Stocks

06:10 EST Park Hotels & Resorts reports preliminary February pro-forma occupancy 52.8% - Up 12.8 pts vs. January. Reports preliminary February pro-forma ADR $223.63, up 9.2% vs. January; pro-forma RevPAR $118.07, up 44.3% vs. January.
TRX

Hot Stocks

06:08 EST Tanzanian Gold granted extension for renewal of SML at Buckreef Gold Project - Tanzanian Gold is pleased to announce that it has been granted an extension to the renewal date for the Special Mining License (SML 04/92) at the Buckreef Gold Project. The company received a certificate for Renewal of Special Mining License from the Mining Commission, a division of the Ministry of Minerals of the United Republic of Tanzania. The Special Mining License renewal period for Buckreef Gold has now been extended by an additional 5 years from 2027 to 2032. Under the Tanzanian Mining Act, a SML confers on the holder the exclusive right to carry out mining operations and to prospect for minerals as specified in the license. The company, along with its joint venture partner STAMICO and the Government of the United Republic of Tanzania, is excited by the continued development and ramp-up of Tanzania's next large gold mine at Buckreef Gold. The duration of the Special Mining License covers the estimated life of mine, with specified renewals over that period. The company anticipates the life of mine will extend significantly beyond 2032, and therefore the SML will be renewed prior to the renewal date, in accordance with the requirements under the Tanzanian Mining Act.
DADA

Hot Stocks

06:06 EST Dada Nexus announces $70M share repurchase program - Dada Nexus announced that the board of directors of the company has authorized a share repurchase program whereby Dada is authorized to repurchase its own ordinary shares in the form of American depository shares with an aggregate value of up to $70M during the next 12-month period. The company expects to fund the repurchase out of its existing cash balance.
PK

Hot Stocks

06:05 EST Park Hotels & Resorts reinstates dividend - Park Hotels & Resorts provided an operational update and announced the reinstatement of its dividend. "I am very pleased with the broad-based recovery in demand that we witnessed in February and expect to continue into March," said Thomas Baltimore, Jr., Chairman and CEO of Park. "Strong leisure demand in Hawaii, Miami and Key West helped to drive overall performance and occupancy continued to build across our urban portfolio of hotels, improving sequentially by 15 percentage points to 40%, while average rate increased nearly 20% during the month of February - further signs of a business recovery beginning to take shape. With these positive trends and the path to recovery increasingly clearer, I am pleased to report that Moody's recently upgraded Park's outlook from Negative to Stable, and the Board of Directors reinstated Park's quarterly dividend, approving a 1c per share payout for the first quarter 2022."
CYD

Hot Stocks

06:03 EST China Yuchai to power 800 Ankai buses - China Yuchai announced that GYMCL's YC6GN natural gas engines became the exclusive engine to power 800 Ankai buses that were recently shipped to Mexico. These new Yuchai-powered Ankai buses will operate in Monterrey, Mexico, which is the third largest city in Mexico. With the continuous growth of its urban population, Monterrey is replacing its traditional energy city buses to provide a more environmentally friendly travel solution. Monterrey is also an important industrial and business hub with a number of large Mexican and international companies operating there. Prior to this, YC6GN gas engines were already in city bus operations in Mexico, including the Chihuahua Prefecture, and the performance of the engines has been well received by the local transportation department and bus operators. Designed for on-road applications, the YC6GN is a 7.8-liter heavy-duty engine powered by 6 cylinders and delivers up to 191 horsepower to propel buses up to 12 meters in length. YC6GN also provides "green energy" solutions in compliance with the Euro V and Chinese National-V emission standards.
GOOG...

Hot Stocks

05:40 EST European Commission opens investigation into conduct by Google, Meta - The European Commission has opened a formal antitrust investigation to assess whether an agreement between Google (GOOGL) and Meta (FB) for online display advertising services may have breached EU competition rules. Executive Vice-President Margrethe Vestager, in charge of competition policy, said: "Many publishers rely on online display advertising to fund online content for consumers. Via the so-called "Jedi Blue" agreement between Google and Meta, a competing technology to Google's Open Bidding may have been targeted with the aim to weaken it and exclude it from the market for displaying ads on publisher websites and apps. If confirmed by our investigation, this would restrict and distort competition in the already concentrated ad tech market, to the detriment of rival ad serving technologies, publishers and ultimately consumers." The UK's Competition Market Authority has launched its own investigation into the agreement between Google and Meta. As customary, the Commission has been in contact with the CMA and intends to closely cooperate on this investigation following the applicable rules and procedures. Reference Link
GOOG...

Hot Stocks

05:38 EST CMA opens investigation into anti-competitive agreement between Google, Meta - On March 10, the U.K.'s CMA launched an investigation under Chapter I and Chapter II of the Competition Act 1998 into suspected breaches of competition law by Google (GOOGL) and Meta (FB). The investigation concerns an agreement between Google and Meta in relation to Meta's use of Google's header bidding product, the CMA said. The CMA is also investigating whether Google's conduct may have affected the ability of other firms to compete with its header bidding product. The CMA has not reached a view as to whether there is sufficient evidence of an infringement or infringements of competition law for it to issue a statement of objections to any party under investigation. Reference Link
ABBV

Hot Stocks

05:21 EST AbbVie, Gedeon Richter enter license pact for novel dopamine receptor modulators - AbbVie and Gedeon Richter announced a new co-development and license agreement to research, develop and commercialize novel dopamine receptor modulators for the potential treatment of neuropsychiatric diseases. The collaboration is based on the results of preclinical research carried out by Richter and includes several new chemical entities selected for development. AbbVie and Richter have collaborated for 15 years on Central Nervous System, or CNS, projects, including globally launched products such as cariprazine. Under the terms of the agreement, the collaboration includes both preclinical and clinical R&D activities with shared financing by the parties. Richter will receive an upfront cash payment, along with potential future development, regulatory and commercialization milestones. In addition, Richter may also receive sales-based royalties. AbbVie will have worldwide commercialization rights except for traditional markets of Richter, such as geographic Europe, Russia, other CIS countries and Vietnam. The transaction is expected to close in Q2, subject to the satisfaction of customary closing conditions, including applicable regulatory approvals.
HCM

Hot Stocks

05:18 EST Hutchmed gives update on status under Holding Foreign Companies Accountable Act - Hutchmed provided an update on its status under the Holding Foreign Companies Accountable Act. The company said, "On March 8, 2022, as expected in its implementation of the Act, the U.S. Securities and Exchange Commission (the "SEC") provisionally named the Company as a Commission-Identified Issuer, following the Company's filing of its annual report on Form 20-F with the SEC on March 3, 2022. The SEC estimated that 273 registrants might be identified under the Act as part of its review of registrants in calendar year 2020. We anticipate that other similarly situated U.S.-listed companies with operations in Hong Kong and other parts of China will be added once they file their annual reports with the SEC. The Act is part of a continued regulatory focus in the United States on access to audit and other information currently protected by national law, in particular China's, and the preparation of such list is provided for in the Act and the SEC's implementing rules. The Act requires the SEC to prohibit the securities of any "covered issuer," including the Company, from being traded on any of the U.S. securities exchanges, including the Nasdaq Stock Market, if the auditor of the covered issuer's financial statements is not subject to inspection by the U.S. Public Company Accounting Oversight Board ("PCAOB") for three consecutive years, beginning in 2021. Under the current terms of the Act, the Company's American depositary shares will be delisted from the Nasdaq Stock Market in early 2024, unless the Act is amended to exclude the Company or the PCAOB is able to conduct a full inspection of the Company's auditor during the required timeframe. In addition, legislation is being considered in the United States to shorten the number of non-inspection years from three years to two. The Company's American depositary shares, each of which represents five ordinary shares, trade on the Nasdaq Global Select Market and its ordinary shares are admitted for trading on the AIM market. In addition, on June 30, 2021, the Company completed a primary listing of its ordinary shares on the Main Board of The Stock Exchange of Hong Kong Limited ("HKEX") under the stock code "0013". The shares listed on HKEX and AIM are fully fungible with the shares represented by the Company's American depositary shares. The Company will continue to monitor market developments and evaluate all strategic options."
U

Hot Stocks

05:14 EST Unity Software announces new partnership with Insomniac Events - Unity has announced a new partnership with Insomniac Events. With nearly 30 years of creating experiences, the Insomniac Events team has partnered with Unity to bring a brand new metaverse world to its fans community where they can gather and engage virtually for live music performances regardless of location.
PHG

Hot Stocks

05:12 EST Philips announces Collaboration Live receives additional FDA clearance - Philips announced that Collaboration Live has received expansion of its FDA 510(k) market clearance for remote diagnostic use on additional mobile platforms. Available on Philips Ultrasound Systems EPIQ and Affiniti, Collaboration Live allows clinicians to collaborate in real-time with colleagues in order to complete image acquisition and diagnosis regardless of location.