Stockwinners Market Radar for May 06, 2022 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service

17:51 EDT Enterprise Financial announces repurchase of up to 2M common shares - The Board of Directors of Enterprise Financial Services Corp authorized a new share repurchase program of up to 2,000,000 shares of common stock. Jim Lally, President and Chief Executive Officer, commented, "The Board's approval of the new repurchase plan reflects the strength of the Company's earnings trends, balance sheet and capital position. Since January 2021, we have returned over $93 million to common shareholders through share repurchases." The amount approved for the 2022 Share Repurchase Program represents approximately 5% of the Company's issued and outstanding shares of common stock as of March 31, 2022. Shares may be repurchased in the open market or in privately negotiated transactions or in such other manner as will comply with the provisions of the Securities Exchange Act of 1934, as amended, and any other applicable federal or state securities laws.

17:14 EDT Piper Sandler announces $150M share repurchase plan - Piper Sandler announced that its board of directors has authorized the repurchase of up to $150M of the company's outstanding common stock. This authorization is effective immediately and will expire on December 31, 2024. This share repurchase authorization is in addition to the company's existing share repurchase authorization which became effective on January 1, 2022, and expires on December 31, 2023. The company has $43M remaining under the existing repurchase authorization.

16:39 EDT ManpowerGroup raises semi-annual dividend 7.9% to $1.36 per share - The Board of Directors of ManpowerGroup has declared a semi-annual dividend of $1.36 per share, a 7.9% increase from the most recent semi-annual dividend of $1.26 per share. The dividend is payable on June 15 to shareholders of record as of the close of business on June 1.

16:25 EDT CenterPoint Energy director Smitherman sells 16,347 common shares - In a regulatory filing, CenterPoint Energy director Barry Smitherman disclosed the sale of 16,347 common shares of the company on May 5 at a price of $31.2336 per share.

15:15 EDT Xometry 'applauds' Biden Administration for 'Additive Manufacturing Forward' - Xometry applauds President Biden's AM Forward initiative unveiled today, stating "As the digital marketplace for manufacturing, Xometry works with manufacturers in virtually every state and believes in American Manufacturing Independence as a means to strengthen the United States economy while also ensuring national security. Strengthening the nation's manufacturing industry - composed primarily of small- and medium-sized shops - means reigniting economic opportunity in local communities across the country."

13:43 EDT Radius Global up 15% after Bloomberg says company exploring options - Shares of Radius Global Infrastructure are up $1.90, or 15%, to $14.40 following Bloomberg's report.

13:01 EDT Baker Hughes reports U.S. rig count up 7 to 705

13:00 EDT Rumble says Trump to be live on service today at 8 pm ET - Rumble tweeted: "UPDATE: The 45th President, Donald J. Trump will be LIVE today at 8pm ET with his official account on Rumble." CF Acquisition Corp. VI and Rumble have previously announced a proposed business combination. Reference Link

12:26 EDT Vuzix receives multiple waveguide-based product reorders - Vuzix announced it has recently received additional follow-on orders from three defense contractors with which it has been working. These are primarily second and third round orders for waveguide-based products that continue the progression towards expected volume commercial rollouts. Vuzix is presently engaged with a total of five different aerospace and defense contractors who are in various stages of their solution development utilizing Vuzix components. The company said it expects further NREs in subsequent phases from some of these contractors before a customer-accepted final product design would lead to an eventual production program order while, in at least one case, these are early production components.

12:14 EDT Bausch Health appoints Richard Mulligan to board of directors - Richard Mulligan, Ph.D., will be appointed to the Bausch Health Board of Directors. Dr. Mulligan is currently the Mallinckrodt Professor of Genetics, Emeritus, at Harvard Medical School, after serving as the Mallinckrodt Professor of Genetics and director of the Harvard Gene Therapy Initiative from 1996 to 2013. Joseph Papa will remain in the role of chairman of the Board of Directors for Bausch Health until the full separation of Bausch + Lomb, at which time Robert Power will succeed as chairman. Upon completion of the IPO, the Bausch Health Board of Directors will include the following individuals: Joseph Papa, Chairman; Robert Power; Thomas Appio; Richard DeSchutter; Brett Icahn; Argeris Karabelas, Ph.D.; Sarah Kavanagh; Steven Miller; Richard Mulligan, Ph.D.; Russel Robertson; Thomas Ross, Sr.

12:08 EDT Bausch Health down 2% after opening of Bausch + Lomb IPO - Bausch Health (BHC) shares are down 31c, or 2%, to $16.45 after Bausch + Lomb (BLCO), its eye-care company spinoff, priced 35M shares at $18.00 and opened for trading at $18.50 per share.

12:00 EDT Under Armour falls -22.0% - Under Armour is down -22.0%, or -$3.15 to $11.14.

12:00 EDT Daily S&P Biotech Bear 3x Shares rises 12.2% - Daily S&P Biotech Bear 3x Shares is up 12.2%, or $6.77 to $62.23.

12:00 EDT Stem rises 14.8% - Stem is up 14.8%, or $1.13 to $8.77.

11:50 EDT Alpine 4 Holdings' Thermal Dynamics awarded $4.9M in contracts - Alpine 4 Holdings announces that its subsidiary, Thermal Dynamics International has been awarded $4.9M in new US Government contracts with all the work to performed in 2022.

11:16 EDT Elon Musk says hasn't had communication with Trump - Elon Musk, the CEO of Tesla (TSLA), said in response to a New York Post article that stated former President Donald Trump quietly "encouraged" Musk's takeover of Twitter (TWTR) ahead of the proposed $44B deal, that "this is false." Responding to comments made by Truth Social CEO Devin Nunes, Musk said "I've had no communication, directly or indirectly, with Trump, who has publicly stated that he will be exclusively on Truth Social." Reference Link

10:42 EDT FSD Pharma announces dismissal of derivative complaint - FSD Pharma announced that the company was successful in its motion to dismiss the derivative claim that was filed by Maheep Goyal, a shareholder on July 20, 2021 in Delaware against the company and its directors and officers. In a decision dated May 5, 2022, the Delaware court dismissed the Claim without prejudice on the grounds that Maheep Goyal, the Plaintiff, lacked standing to bring his claims. "We have always believed that the lawsuits against the Company are frivolous in nature. We are pleased to hear that the courts of Delaware have dealt with this particular claim appropriately and are looking forward to the resolution of the Company's remaining litigation," said Anthony Durkacz, Interim CEO and Co-Executive Chairman of the Company. The dismissal of the Claim marks another claim against the company that has been successfully dismissed, following the dismissal of the joint claim filed by Edward Brennan Jr. and Huma Qamar two former FSD BioSciences employees in Pennsylvania on December 13, 2021.

10:35 EDT Jefferies Financial says Instagram account of CEO Rich Handler was hacked - Jefferies Financial Group (JEF) announced that the Instagram account of its CEO, Rich Handler, has been hacked and that any stories related to discounted sales of shares, crypto donations or donations to Ukraine relating to such matters that appear on that hacked Instagram account are "categorically false. This has nothing to do with Jefferies' $14.1M prior donation to charities supporting Ukrainian Relief. Jefferies is working with Meta (FB) to return control of the account to Mr. Handler as soon as possible and has asked the authorities to investigate the matter."

10:00 EDT Under Armour falls -24.7% - Under Armour is down -24.7%, or -$3.52 to $10.77.

10:00 EDT Bill.com falls -26.9% - Bill.com is down -26.9%, or -$40.97 to $111.27.

10:00 EDT Daily S&P Biotech Bear 3x Shares rises 11.5% - Daily S&P Biotech Bear 3x Shares is up 11.5%, or $6.37 to $61.83.

09:58 EDT Swvl Holdings Corp trading resumes

09:50 EDT DoorDash sees Q2 marketplace GOV $12.1B-$12.5B - Sees Q2 adjusted EBITDA $0-$100M. Sees FY22 marketplace GOV of $49B-$51B and adjusted EBITDA $0-$500M. Comments taken from the company's Q1 shareholder letter.

09:48 EDT Under Armour falls -21.5% - Under Armour is down -21.5%, or -$2.86 to $10.43.

09:48 EDT Fathom Digital rises 9.0% - Fathom Digital is up 9.0%, or 54c to $6.53.

09:47 EDT Adtalem Global Education rises 15.9% - Adtalem Global Education is up 15.9%, or $4.48 to $32.70.

09:42 EDT Synaptogenix Inc trading resumes

09:39 EDT Nvidia pays $5.5M to settle SEC charges over crypto disclosures - The Securities and Exchange Commission announced settled charges against Nvidia "for inadequate disclosures concerning the impact of cryptomining on the company's gaming business." The SEC's order finds that, during consecutive quarters in Nvidia's fiscal year 2018, the company failed to disclose that cryptomining was a significant element of its material revenue growth from the sale of its graphics processing units designed and marketed for gaming. Nvidia agreed to a cease-and-desist order and to pay a $5.5M penalty. Reference Link

09:37 EDT Synaptogenix Inc trading halted, volatility trading pause

09:32 EDT DecisionPoint Systems Inc trading halted, volatility trading pause

09:21 EDT Curtiss-Wright CEO Lynn Bamford assumes role as board chair - Curtiss-Wright announced that CEO Lynn Bamford has assumed the role of chair of the board of directors, effective May 5. As part of the formal transition plan announced in 2020, David Adams has retired from the company as executive chairman and will continue as a member of the board of directors. The company will continue to have an independent lead director preside over executive sessions of the board.

09:18 EDT Oshkosh announces FY25 targets ahead of investor day - Oshkosh is hosting an investor day at the New York Stock Exchange this morning where members of the leadership team will discuss Oshkosh's financial targets and capital allocation priorities, its plans for accelerated growth and advancements in technology and sustainability. Oshkosh is providing the following financial targets for 2025: $10B-$11B of revenue; 10.0%-10.7% operating income margin; $11.00-$13.00 earnings per share and 20%-23% return on invested capital.

09:09 EDT Romeo Power selected as sole provider of lithium-ion batteries for LSEV company - Romeo Power announced that the company has been selected by a U.S. manufacturer of low-speed electric vehicles, or LSEVs, as the sole provider of lithium-ion batteries for its next generation vehicle. These LSEVs are affordable, road-ready transportation options for food, packages and other resources, and are also ideal for campus mobility and last-mile distribution applications.

09:08 EDT Proto Labs says finished the quarter 'strong' - Says demand picked up in February and March. Says first priority is accelerating revenue growth. Says continues to adjust pricing dependent on market factors. Expects gross margins to improve through 2022. Sees long-term gross margin 25%-30%. Comments taken from Q1 earnings conference call.

09:06 EDT Alborz enters two-year $46.9M financing with BlockFi Lending - Alborz, a joint venture affiliate of Cipher Mining and WindHQ, announced that it has entered into a two-year $46.9M secured credit facility with BlockFi Lending. The loan proceeds will finance Bitmain S19J Pro mining rigs at the Alborz data center. Cipher Mining Technologies, a subsidiary of Cipher, and Alborz Interests DC, a subsidiary of WindHQ, developed the Alborz site as a joint venture 40-MW data center in Texas that is powered by the 163-MW Astra Wind Farm, an affiliate of WindHQ. Once all purchased mining rigs have been delivered and installed, the site is expected to generate approximately 1.3 EH/s. "This credit facility provides an attractive source of non-dilutive financing at the Alborz data center. We are thrilled to partner with BlockFi and continue to execute our business plan, build data centers with top-of-the-line rigs, and become a leading Bitcoin mining company in the U.S.," commented Tyler Page, CEO of Cipher.

09:04 EDT Despegar.com to acquire Viajanet for $15M - Despegar.com announced that it has agreed to acquire TVLX Viagens e Turismo S.A, or Viajanet, one of the online travel agencies in Brazil, for a total consideration of approximately $15M and subject to customary closing conditions. Under the terms of the agreement, 60% of the purchase price will be payable at closing, 20% in 24 months and the remaining 20% in 36 months. Viajanet recorded audited revenues of approximately $30M in 2019. During 2021, Viajanet's online sales accounted for approximately 98% of total sales, with 88% of gross bookings originated in the B2C channel and the remainder via the B2B channel. In addition, 98% of gross bookings were within the Air segment of Brazil's travel market, giving Despegar the opportunity to cross-sell its accommodation and other non-air product inventory to Viajanet's existing customers. The closing of the transaction is expected to take place in the second quarter of 2022.

09:03 EDT PennantPark Floating Rate appoints Jose Briones to board of directors - PennantPark Floating Rate Capital announced the appointment of Jose Briones, Jr. to the Company's Board of Directors, effective May 3, 2022. Mr. Briones is a Senior Partner at PennantPark Investment Advisers. His appointment brings the Company's Board of Directors to six members.

09:02 EDT Surgalign reports inducement grants under Nasdaq listing rule - Surgalign Holdings announced that it has granted restricted stock unit awards to one employee, who was not an executive officer as an inducement for him to accept employment with Surgalign, and representing the right to receive, in the aggregate, up to 37,500 shares of Surgalign common stock. The award was granted on May 2, 2022 and it was made under the Surgalign Holdings, Inc. 2021 Inducement Plan. One-third of the restricted stock units vest on the first anniversary of the date of grant, and one-eighth of the remaining restricted stock units vest on each subsequent quarterly anniversary of the date of grant, such that the award will be fully vested on the third anniversary of the date of grant, subject to continued employment through the applicable vesting date. The awards were approved by the independent Compensation Committee of the Board of Directors of Surgalign Holdings and were granted to the new employees as an inducement material to their acceptance of employment with Surgalign pursuant to Nasdaq rules.

09:01 EDT Under Armour says growth will be tempered in 2023 - Says well positioned to deliver on promise of growth. Says footwear was down 4% in the transition quarter. Says supply challenges and COVID challenges in China to impact the company in the near term. Says first half to be most heavily impacted by order cancellations and supply chain constraints. Says expects sales growth to gradually improve. Says highest revenue and gross margin increase will be in Q4. Says heaviest decline in gross margin will be in Q2.

08:48 EDT Evofem's Phexxi shows urinary infection reduction in Phase 3 clinical trial - Evofem Biosciences announced that new data from the Phase 3 AMPOWER clinical trial of Phexxi showed that women enrolled in the AMPOWER trial had fewer urinary tract infections compared to the general population. AMPOWER was a Phase 3, single-arm, multicenter study that evaluated the efficacy and safety of Phexxi for the prevention of pregnancy. Of the 1339 women who self-administered at least one dose of Phexxi and were included in the safety population, 77 - 5.8% - experienced an on-study UTI. Adverse events were congruent with the results from the overall study findings. Phexxi is an on-demand method of birth control used to prevent pregnancy. Phexxi is not effective when used after sex.

08:32 EDT Palisade Bio announces $2M registered direct offering - Palisade Bio announced that it has entered into definitive agreements with several institutional and accredited investors for the purchase and sale in a registered direct offering of 3,646,690 shares of its common stock, at a purchase price of $0.55 per share. Ladenburg Thalmann & Co. Inc. is acting as the exclusive placement agent for the offering. The closings of the sale of the securities in the financing is expected to occur on or about May 10, 2022, subject to the satisfaction of customary closing conditions. Palisade Bio intends to use the net proceeds from the financing for working capital and general corporate purposes, including the development of the Company's lead product candidate LB1148. The Company also agreed to issue to the investors in a concurrent private placement, unregistered warrants to purchase up to an aggregate of 3,646,690 shares of its common stock. The warrants have an exercise price of $0.7105 per share of common stock, will be exercisable 6 months after the date of issuance, and will expire five and a half years following the initial issuance date.

08:23 EDT McEwen Mining CFO Anna Ladd-Kruger to retire, COO Peter Mah to step down - McEwen Mining announces that Anna Ladd-Kruger, CFO, has decided to retire to focus on her health and family; she will depart after the first quarter reporting is complete and an orderly transition is in place. CFO responsibilities will be assumed on an interim basis by Perry Ing until a new executive transitions into the position. Mr. Ing previously served as CFO of the Company and its predecessor from 2008 to 2015 and subsequently served as CFO of Kirkland Lake Gold and, most recently, of Mountain Province Diamonds. Additionally, Peter Mah, COO, is stepping down for personal reasons on June 3rd. Responsibility for oversight of operations will be assumed on an interim basis by William Shaver, currently a director of the Company. Most recently, he served as COO of INV Metals before its sale to Dundee Precious Metals. The CEO and Board of Directors are currently preparing transition plans and a search for candidates for both roles is underway.

08:16 EDT Blonder Tongue sees doubt on company's ability to continue as a going concern - As disclosed in the Company's most recent Annual Report on Form 10-K, the Company experienced a decline in sales, a reduction in working capital, a loss from operations and net cash used in operating activities, in conjunction with liquidity constraints. These factors raised substantial doubt about the Company's ability to continue as a going concern. As of March 31, 2022, the above factors still exist. Accordingly, there still exists substantial doubt about the Company's ability to continue as a going concern. The financial statements do not include any adjustments relating to the recoverability of the recorded assets or the classification of the liabilities that might be necessary should the Company be unable to continue as a going concern.

08:14 EDT Azure Power appoints Harsh Shah as CEO - Azure Power appointed Harsh Shah as CEO, effective July 1. Shah was previously CEO of IndiGrid, India's first and largest Infrastructure Investment Trust in the Indian energy sector. He has also served as CFO for Sterlite Power and IndiGrid.

08:11 EDT Vintage Wine Estates' cannabis-infused beverages licensed to House of Saka - House of Saka, producers of cannabis-infused wines from Napa Valley, have secured exclusive, North American rights to produce and distribute Gem + Jane Cannabis-Infused Beverages from Vintage Wine Estates. The female-targeted beverage was launched by CannaCraft, one of California's largest cannabis companies, in 2021 and this agreement allows the brand to maintain and grow its roots in the cannabis-infused beverage sector. Vintage Wine Estates, which acquired the rights to the brand in 2022, plans to separately launch hemp-derived CBD-infused beverages under the Gem + Jane label in the coming months. In partnership with licensed manufacturers, House of Saka plans to go into production with Gem + Jane in June for a July 1 release.

08:08 EDT Cerence appoints Beaudoin as EVP, CFO, Davis to board of directors - Cerence (CRNC) announced that Tom Beaudoin has been appointed Executive Vice President, EVP, and Chief Financial Officer, CFO, effective immediately. Beaudoin has served on Cerence's board since October 2019 and is the former CFO and Chief Transformation Officer of Nuance Communications, where he led the Cerence spin-off. Most recently, he served as Chief Transformation Officer of Qualifacts. Beaudoin replaces Marc Montagner, who resigned from the company. Montagner advised the company that his decision to resign did not involve any disagreement with the company on any matter relating to its accounting policies or internal controls. Cerence announced that Doug Davis has been appointed to Cerence's board as an independent director. With Davis's appointment, Cerence's board will increase from seven to eight directors. Davis most recently served as Senior Vice President of Intel's (INTC) Automated Driving Group.

08:07 EDT Ametek announces $1B share repurchase authorization - Ametek announced that its Board of Directors has approved a $1B share repurchase authorization. This authorization replaces an earlier $500M share repurchase authorization approved by the Board in February 2019, of which approximately $313M remained available.

08:06 EDT PPG opens new $2.1M paint laboratory in Milan - PPG announced the opening of a new architectural paint and coatings color automation laboratory in Milan, Italy. The $2.1M facility will significantly increase the speed of developing paint color formulations. The facility will provide up to 100,000 paint color matches annually, providing master paint color formulations for new colors and existing colors when they are reformulated. The laboratory's automated system dispenses colorants and base paint samples, mixes them, applies them and measures them, without manual inputs.

08:03 EDT 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 76,000 shares of the Company's common stock to four new employees. The awards were granted as of May 2, 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 $9.80 per share, the closing price per share of the Company's common stock as reported by Nasdaq on May 2, 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.

07:48 EDT Goodyear Tire reports Q1 tire unit volumes 45M, up 29% y/y - Q1 tire unit volumes totaled 45M, up 29% from the prior year's period. Replacement and original equipment tire unit volume increased 35% and 9%, respectively, reflecting the addition of Cooper Tire unit volume and market share gains.

07:43 EDT Eastman Chemical announces $500M accelerated share repurchase program - Eastman Chemical announced that it has entered into an accelerated share repurchase, or ASR, agreement with Wells Fargo, NA and Mizuho Markets Americas LLC to repurchase $500M of Eastman's common stock. With the execution of the ASR, Eastman will have made significant progress towards its target of repurchasing greater than $1B of shares in 2022, with approximately $750M completed in the second quarter. ASR repurchases will be under the remainder of the February 2018 $2 billion Board of Directors share repurchase authorization as well as the December 2021 Board $2.5B share repurchase authorization. Upon completion of the ASR, Eastman will have authorization to repurchase another approximately $2.12B of shares.

07:35 EDT Canacol Energy says gas sales averaged 179 MMscfpd for April - Canacol Energy is pleased to provide the following information concerning its April 2022 natural gas sales, near term drilling plans, and its Medellin gas pipeline project. Gas sales averaged 179 MMscfpd for April 2022: Realized contractual natural gas sales were approximately 179 million standard cubic feet per day for April 2022. Near term drilling program: The Corporation completed the drilling of the Chirimia 1 sidetrack well, which spud on April 6, 2022 and reached a TD of 9,412 feet measured depth on April 14, 2022. The well encountered approximately 20 feet true vertical depth of net gas pay within the Cienaga de Oro sandstone reservoir with average porosity of 23 percent. The well will be completed and placed on production within the next 4 weeks. The drilling rig has just spud the Alboka 1 exploration well located on the VIM 5 Exploration and Production contract. Alboka 1 is targeting gas bearing sands within the CDO sandstone reservoir. A second drilling rig has been contracted and is currently being mobilized to drill the Cornamusa 1 exploration well located on the VIM 21 E&P Contract, which is expected to spud in the second half of May 2022. The Cornamusa 1 exploration well is targeting gas bearing sands within the CDO sandstone reservoir. Both the Alboka 1 and Cornamusa 1 exploration wells should take approximately 5 weeks to drill, test, and complete. Medellin pipeline update: On March 30, 2022, the Corporation's Jobo-Medellin Gas Pipeline project was declared as a Project of Strategic National Interest by the Government of Colombia. This means that the entities of the Colombian state that have any influence or jurisdiction over matters that impact the project must support its efficient management and timely completion. In practice this designation should drastically improve the timing of the delivery of items critical to the project, including the issuance of the environmental license. The Corporation has received binding offers from four different international pipeline construction consortiums which are currently under evaluation. Several of the proposals have an option to upsize the initial 100 MMscfpd of transportation capacity to 200 MMscfpd at Canacol's request. As previously announced in August 2021 the Corporation executed an 11 year take or pay gas sales contract with Empresas Publicas de Medellin for 54 MMscfpd of the pipelines' initial capacity. The Corporation is currently negotiating additional long term take or pay contracts with clients located in the interior of Colombia to fill the remaining 46 MMscfpd of initial capacity.

07:34 EDT Arrival Bus achieves EU certification, European Whole Vehicle Type Approval - Arrival announced the Arrival Bus has achieved EU certification and received European Whole Vehicle Type Approval.

07:33 EDT IXHL Stock trading halted, news pending

07:33 EDT Agrify launches PX5 hydrocarbon extractor - Agrify Corporation announced its extraction division has expanded its portfolio of industry-leading processing solutions with its latest, most advanced and scalable passive hydrocarbon extractor: the PX5. The PX5's unique passive recovery design offers immediate economic benefits to cannabis operators of any size. The optimized extraction path reduces batch times driving increased daily production up to 33%. By eliminating the need for a dedicated pump, the PX5 saves up to 40% annually in energy costs over comparable traditional systems while simultaneously eliminating the maintenance and replacement expense normally associated with system pumps. Designed for rapid material changeover, the PX5 enables operators to increase hourly extract production by 200% and with specialized training available from Agrify Extraction, operators can realize up to a 300% increase.

07:32 EDT AnPac Bio granted request to transfer securities to Nasdaq Capital Market - AnPac Bio-Medical Science announced that the Nasdaq Hearings Panel has granted the request of AnPac Bio to transfer the Company's American Depositary Shares from The Nasdaq Global Market to The Nasdaq Capital Market, effective May 6, 2022 and to continue its listing on The Nasdaq Stock Market, subject to various conditions. The Nasdaq Capital Market has lower listing requirements than those of The Nasdaq Global Market, while both are a part of The Nasdaq Stock Market. Under the terms of the decision, the Panel has stated that on or before May 31, 2022, the Company must evidence compliance with The Nasdaq Capital Market's $2.5 million stockholder's equity requirement, by filing a Form 6-K with the U.S. Securities and Exchange Commission, containing: a description of the completed transactions or events that enabled the Company to satisfy the stockholder's equity requirement for continued listing; and a balance sheet, no older than 60 days with pro forma adjustments for any significant transactions or events occurring on or before the report date, which evidences compliance with the stockholders' equity requirement; a disclosure that the Company believes it also satisfies the stockholders' equity requirement as of the report date. The transfer to The Nasdaq Capital Market does not resolve the dollar bid requirement, which remains outstanding. In order to fully comply with the terms of this decision, the Company must be able to demonstrate compliance with all applicable requirements for continued listing on The Nasdaq Capital Market by May 31, 2022. In that regard, the Company is currently in a grace period for the $1 bid price requirement that runs through September 5, 2022. As a result, the Company does not have to regain compliance with the bid price requirement in order to satisfy the decision. Companies listed on The Nasdaq Capital Market may be eligible for a second 180-day grace period for bid price if they meet certain standards, including a demonstration that stockholders' equity is at least $5 million. In the event the Company is unable to meet the terms of the decision, the Company may seek a further extension from the Panel not to exceed September 20, 2022; however, there can be no assurance that the Panel would grant a further extension or that the Company will return to compliance.

07:13 EDT IGM Biosciences announces closing of global collaboration agreement with Sanofi - IGM Biosciences (IGMS) announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, the HSR Act, has expired in connection with the Company's previously announced exclusive worldwide collaboration agreement with Sanofi (SNY). In connection with the closing of the collaboration agreement, Sanofi will pay IGM a $150M upfront payment. The collaboration is for the creation, development, manufacture, and commercialization of IgM antibody agonists against three oncology targets and three immunology/inflammation targets. "We are pleased to announce today the official start of our exciting collaboration with the talented and dedicated team at Sanofi, having now closed the transaction," said Fred Schwarzer, Chief Executive Officer of IGM Biosciences. "We look forward to building on our longstanding relationship with Sanofi, a global leader in the development and commercialization of innovative therapies, and to accelerating the development of our IgM antibody platform across multiple areas of high unmet need beyond our current pipeline efforts." In addition to the $150M upfront payment, IGM is eligible to receive potentially over $6B in aggregate development, regulatory and commercial milestones, as well as a 50:50 profit share in certain major market countries and tiered royalties on net sales in the rest of world for oncology targets, and tiered royalties on global net sales for autoimmune/inflammation targets.

07:12 EDT Ruth's Hospitality sees FY22 capital expenditures $53M-$58M - Sees FY22 effective tax rate 17%-19%.

07:07 EDT Broadwind sees Q2 non-GAAP adjusted EBITDA $0.4M-$0.6M

07:04 EDT Under Armour completes 2020 restructuring plan - The company also announced that it had concluded its 2020 restructuring plan with the recognition of $57M during its transition quarter that ended March 31. Under the $600M plan authorization, $571M of total charges were recognized, including $197M of cash-related charges and $374M of non-cash-related charges.

06:56 EDT Telus raises quarterly dividend to C$0.3386 per share, up 7.1% over prior year

06:43 EDT GrafTech says 'overall fundamentals in the steel industry are strong' - The company said, "While the near-term operating environment remains dynamic, the overall fundamentals in the steel industry are strong. Given solid steel market capacity utilization rates, particularly in North America, and industry efforts to decarbonize, we believe that demand for graphite electrodes will continue to increase. We also anticipate the demand for petroleum needle coke, a key raw material used to produce graphite electrodes, will continue to expand rapidly given its use in lithium-ion batteries for the fast-growing electric vehicle market. As such, our ability to deliver high-quality graphite electrodes to our customers, while capitalizing on our low-cost structure and our substantial vertical integration into petroleum needle coke, provides us a sustainable competitive advantage. For these reasons, we believe GrafTech is well-positioned to benefit from these positive industry trends as we progress through 2022 and beyond."

06:37 EDT Essent Group announces new $250M share repurchase plan - Essent's Board of Directors has authorized a new share repurchase plan of up to $250M of the company's common shares through December 31, 2023. The prior repurchase authorization from May 2021 was completed in April 2022.

06:17 EDT Yatsen provides update on status under HFCAA - Yatsen provided an update on its status under the Holding Foreign Companies Accountable Act, or HFCAA. The company was provisionally identified by the United States Securities and Exchange Commission as a Commission-Identified Issuer on May 4 following the company's filing of the annual report on Form 20-F for the fiscal year ended December 31, 2021 with the SEC on April 22. The company understands that this identification under the HFCAA and its implementation rules issued thereunder indicates that the SEC determines that the company used a registered public accounting firm whose working paper cannot be inspected or investigated completely by the Public Company Accounting Oversight Board of the United States, or PCAOB, to issue the audit opinion for its financial statements for the fiscal year ended December 31, 2021. In accordance with the HFCAA, the SEC shall prohibit a company's shares or American depositary shares from being traded on a national stock exchange or in the over-the-counter trading market in the United States if the company has been identified by the SEC for three consecutive years due to PCAOB's inability to inspect the registered public accounting firm's working paper. The company has been actively exploring possible solutions to protect the interest of its stakeholders. The company will continue to comply with applicable laws and regulations in both China and the United States and strive to maintain its listing status on the New York Stock Exchange.

06:02 EDT Guild Holdings announces $20M share repurchase plan - On May 5, the Board of Directors of Guild authorized the company to repurchase up to $20M of the company's outstanding Class A common shares over the next 24 months.

05:18 EDT ING Groep reports Q1 net result per share EUR 0.11 vs. EUR 0.26 last year - Reports Q1 CET1 ratio 14.9%. "The first quarter of 2022 was marked by the terrible invasion of Ukraine, which is having a devastating impact on people's lives and is threatening international stability and security," said ING CEO Steven van Rijswijk. "Our first priority is to support our colleagues and their families, our clients and the humanitarian efforts in Ukraine and surrounding countries. Global and local ING initiatives have raised more than EUR 12 million to date for humanitarian aid in Ukraine and for those who have fled to other countries. We're waiving fees for personal transactions to Ukraine so customers can send money to their loved ones for free. I'm inspired by our Ukrainian employees and the colleagues across ING who are supporting them in various ways. In addition, we stopped doing new business with Russian companies. We continue to monitor the situation closely, managing and controlling risks while assisting our colleagues and clients wherever possible."

05:11 EDT Nokia chief people officer Stephanie Werner-Dietz to step down - Nokia's chief people officer, Stephanie Werner-Dietz, has informed the company that she will leave and step down from its group leadership Team to take up a position in another company. Her intention is to leave on August 31. A recruitment process will begin immediately for her successor and further details will be announced in due course. Werner-Dietz joined Nokia in 1998 and was appointed chief people officer in January 2020.