Stockwinners Market Radar for October 03, 2022 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
BRZE | Hot Stocks20:57 EDT Braze director buys $17M in common stock - In a regulatory filing, Braze disclosed that its director Douglas Pepper bought 488.6K shares of common stock on September 29th in a total transaction size of $17M.
|
RBLX | Hot Stocks20:08 EDT Cathie Wood's ARK Investment bought 201K shares of Roblox today
|
TSLA | Hot Stocks20:07 EDT Cathie Wood's ARK Investment bought 132.2K shares of Tesla today
|
GOOG | Hot Stocks19:34 EDT Alphabet exec sells $3.48M in common stock - In a regulatory filing, Alphabet disclosed that its Global Affairs President John Walker sold 34.8K shares of common stock on September 28th in a total transaction size of $3.48M.
|
SANG | Hot Stocks19:11 EDT Sangoma Technologies names Larry Stock CFO - Sangoma Technologies Corporation announced several executive appointments to help position the company for ongoing growth. Larry Stock, the company's former Chief Corporate Officer, has been appointed Chief Financial Officer effective October 3, 2022. He succeeds David Moore, who is transitioning into the role of EVP, Corporate Development, to lead Sangoma's merger and acquisition efforts. And Jamie Minner has been named Sangoma's new Chief Revenue Officer. "I would like to congratulate Larry, David and Jamie on their new executive appointments," said Bill Wignall, Sangoma's President and Chief Executive Officer. "With David's contributions to our growth over several years, his deep knowledge of Sangoma, and his M&A experience, we are counting on him to lead our acquisition efforts. Larry's appointment as CFO is one of the many steps we are taking to deepen our executive team, in order to prepare for our continued growth as a dual-listed public company. And I am very confident that Jamie will really drive that growth, in his new role as Sangoma's CRO."
|
AMPE | Hot Stocks18:49 EDT NYSE American to suspend trading immediately in Ampio, start delisting process - NYSE American announced earlier that the staff of NYSE Regulation has determined to commence proceedings to delist the common stock of Ampio Pharmaceuticals - ticker symbol AMPE - from the Exchange. Trading in the company's common stock on the NYSE American will be suspended immediately. NYSE Regulation has determined that the company is no longer suitable for listing pursuant to Section 1003(f)(v) of the NYSE American Company Guide due to the abnormally low trading price of its common stock. The company has a right to a review of staff's determination to delist the common stock by a committee of the board of directors of the Exchange. The NYSE American will apply to the Securities and Exchange Commission to delist the company's common stock upon completion of all applicable procedures, including any appeal by the company of the NYSE Regulation staff's decision.
|
POSH | Hot Stocks18:47 EDT Poshmark being acquired by Naver at $17.90 per share or $1.2B enterprise value - Naver Corp, Korea's largest internet company, and Poshmark "announced that they have entered into a definitive agreement under which Naver will acquire all of the issued and outstanding shares of Poshmark for $17.90 in cash, representing an enterprise value of approximately $1.2B. This represents a premium of 15% to Poshmark's closing stock price as of October 3, 2022, a 34% premium to the 30-day volume weighted average price, and a 48% premium to the 90-day volume weighted average price of Poshmark's shares. Upon completion of the transaction, Poshmark will become a standalone U.S. subsidiary of Naver and will continue to be led by CEO Manish Chandra and Poshmark's current management team. Poshmark will continue to operate under its existing brand, as well as maintain its employee base, Poshmark community, and headquarters in Redwood City, California. The transaction, which was unanimously approved by both Naver's and Poshmark's Boards of Directors, is expected to close by the first quarter of 2023, subject to approval by Poshmark stockholders and the satisfaction of certain other customary closing conditions. The transaction is not contingent on any financing."
|
AMH | Hot Stocks18:44 EDT American Homes 4 Rent says damage from Hurricane Ian 'limited' - The company states: "American Homes 4 Rent announced that, based on its preliminary assessments, the Company suffered limited damage from Hurricane Ian to its single-family homes and communities located in Florida, Georgia, South Carolina and North Carolina. The Company will continue to assess its portfolio and provide additional information or updates in the event of a material change in this situation."
|
MRVI | Hot Stocks18:28 EDT Maravai Lifesciences names William Martin as new CEO - Maravai LifeSciences "announced that its Board of Directors has appointed William "Trey" Martin, III as its CEO. Mr. Martin comes to Maravai most recently from Danaher Corporation, where he was the Senior Vice President of New Business, Genomic Medicine. Maravai's first CEO and co-founder Carl Hull will directly support Mr. Martin during this leadership transition and will remain with Maravai as Executive Chairman of the Board where he will continue to guide the company's long-term strategy."
|
KRUS | Hot Stocks18:27 EDT Kura Sushi names Jeff Uttz as new CFO - Kura Sushi "announced that Jeff Uttz has been named the Company's new Chief Financial Officer, effective October 3, 2022."
|
MCI | Hot Stocks18:27 EDT Barings Corporate Investors raises quarterly dividend to 26c from 24c per share - The dividend is payable on November 18, 2022 to shareholders of record on November 7, 2022.
|
ANPC | Hot Stocks17:47 EDT AnPac Bio names Haohan Xu co-chair, co-CEO - AnPac Bio-Medical Science announced changes to its board composition and management team. Haohan Xu has been appointed as a director of the board of directors, Co-Chairperson of the Board and Co-Chief Executive Officer of the company. Xu is the Chief Executive Officer of Apifiny Group. Xiaoyu Li has been appointed as a director of the Board and as Chief Financial Officer of the company. In relation to the above appointments, each of Mr. Chris Chang Yu, Jinqiu Tang, Xing Pu, Ren Luo, Jianhua Shao and Guo Feng will resign as a director and/or officer of the Company. These changes are expected to become effective in early October after the completion of customary onboarding processes, including required filings with The Registry of Corporate Affairs in the British Virgin Islands.
|
ACA | Hot Stocks17:43 EDT Arcosa completes sale of storage tanks business for $275M - Arcosa "announced it has completed the previously announced sale of its storage tanks business to Black Diamond Capital Management, LLC for $275M in cash. The company plans to initially use a portion of the net proceeds to repay outstanding borrowings under its revolving credit facility as we evaluate organic initiatives and potential acquisition opportunities. The company will provide additional transaction details and update its full year 2022 revenue and Adjusted EBITDA guidance during Arcosa's third quarter 2022 earnings conference call. As previously disclosed, our forecast for the storage tanks business was for revenues of approximately $245M-$255M and Adjusted EBITDA of approximately $52M-$55M for FY22."
|
GD | Hot Stocks17:37 EDT General Dynamics awarded $532.92M Navy contract modification - General Dynamics was awarded a $532.92M cost-plus-fixed-fee modification to previously awarded contract for Lead Yard Support and Development Studies and Design efforts related to Virginia-class submarines. This contract modification includes options which, if exercised, would bring the cumulative value of the modification to $813.72M. Work is expected to be completed by October 2023. The Naval Sea Systems Command is the contracting activity.
|
VAL | Hot Stocks17:36 EDT Valaris announces contract backlog of $95M - The company states: "Valaris announced new contracts and contract extensions, with associated contract backlog of $95M, awarded subsequent to issuing the Company's most recent contract awards and fleet status update on September 1, 2022. Contract backlog excludes lump sum payments such as mobilization fees and capital reimbursements."
|
LMT | Hot Stocks17:36 EDT Lockheed Martin awarded on $5.1B Navy contract modifications - Lockheed Martin and others were awarded an estimated aggregate ceiling of $5.1B for firm-fixed-price modifications to a previously awarded indefinite-delivery/indefinite-quantity contract. These modifications exercise options for the production and delivery of the following sonobuoy capability categories: bathythermograph, passive, active/passive combo, multistatic source, multistatic receiver, and special mission in support of annual training, peacetime operations and testing expenditures, as well as, to maintain sufficient inventory to support the execution of Major Combat Operations based on Naval Munitions Requirements Process. The companies have an opportunity to compete for individual orders. Work is expected to be completed in September 2027. No funds will be obligated at the time of award. Funds will be obligated on individual orders as they are issued. The Naval Air Systems Command is the contracting activity.
|
BLKB | Hot Stocks17:34 EDT Clearlake discloses 18.4% stake in Blackbaud, may seek strategic alternatives - In a regulatory 13D filing, Clearlake Capital disclosed an 18.4% activist stake in Blackbaud, stating: "The Reporting Persons initially acquired the shares of Common Stock for investment purposes. In connection with their regular review of their investment in the Issuer, and based on current market conditions and other factors, the Reporting Persons have changed their intent and are currently evaluating alternatives for their current investment and potential future investment in the Issuer. Towards that end, the Reporting Persons have engaged in and/or may engage in communications with, among others, members of the Issuer's management, members of the Issuer's board of directors, shareholders of the Issuer, advisors or other persons, regarding, among other things, the review and evaluation of strategic alternatives, opportunities to increase shareholder value, Issuer operations, governance and control, and other matters related to the Issuer." Shares of Blackbaud are up 6.7% in afterhours trading at $48.02.
|
GIS | Hot Stocks17:28 EDT General Mills exec sells $2.0M in common stock - In a regulatory filing, General Mills disclosed that its Group President Jonathon Nudi sold 25.9K shares of common stock on September 30th in a total transaction size of $2.01M.
|
PRVA | Hot Stocks17:15 EDT Director of Privia Health sold 80,853 shares of company stock - Director of Privia Health Group Jeffrey Butler sold 80,853 shares of company shares at $34.53 per share for a total transaction amount of $2,792,250.
|
GSM | Hot Stocks17:04 EDT Ferroglobe plans to restart 55K ton silicon metal facility in South Africa - Ferroglobe announces the intention to restart its 55,000-ton silicon metal facility in Polokwane, South Africa. The decision to restart the Polokwane facility was made as part of Ferroglobe's strategic plan to increase its capacity of silicon metal to address strong market demand. The Polokwane plant will enable the Company to add capacity that is lower cost and strategically located, optimizing its asset footprint, and providing flexibility in addressing the volatile energy markets in Europe. The Polokwane facility provides a lower-cost source of silicon metal that is driven by competitive energy rates, an efficient asset base and a strategic location that can serve customers in Europe, the United States, the Middle East and Asia. The decision to restart this plant was contingent on the Company's ability to secure multi-year contracts with strategic customers, which are currently being finalized. Ferroglobe expects to begin production of the three-furnace operation in November 2022, with initial production of approximately 1,150 metric tons per month, gradually ramping up to approximately 3,750 metric tons per month by the end of Q2 2023. Marco Levi, Ferroglobe's Chief Executive Officer commented, "Our Polokwane facility is a key part of our global asset footprint that allows us the flexibility to serve customers efficiently and effectively around the world. It is a lower-cost facility that is strategically important as we optimize our production geographically in response to the energy crises in Europe."
|
FWRG | Hot Stocks17:03 EDT First Watch Restaurant provides update on restaurants impacted by Hurricane Ian - The company states: "First Watch Restaurant provided an update on its Company-owned restaurants in Florida in the aftermath of Hurricane Ian, which made landfall during the first week of the Company's fourth fiscal quarter. Due to the hurricane, 85 of First Watch's Company-owned restaurants closed for at least one business day. As of Monday, October 3, all but 10 of those restaurants have reopened. The remaining unopened restaurants are located primarily in the Ft. Myers and Naples markets where damage assessments and restoration of utilities are pending. While First Watch is still assessing the full impact of Hurricane Ian, management has determined the whereabouts of the Company's employees and believes fewer than 5 of its restaurants sustained any significant physical damage. The Company maintains insurance coverage of all its Company-owned restaurants including property, flood and business interruption. Management is working with its insurance providers to assess the overall impact from the storm and expects the assessment to take several weeks to determine the extent, if any, to which the coverages apply."
|
MREO | Hot Stocks17:02 EDT Mereo confirms receipt of notice from Rubric to convene shareholder meeting - Mereo BioPharma Group confirmed that it has received a valid notice from Rubric Capital Management LP under section 303 of the Companies Act 2006 requiring the Board to convene a General Meeting of Shareholders of Mereo. The Board believes Rubric's resolutions - which, if passed, would replace a majority of the independent directors of the Board with Rubric's hand-picked candidates - would constitute an effective takeover of Mereo's Board, substantially weakening it and jeopardizing the company's considered efforts to generate maximum risk-adjusted returns from its programs and assets. "Prior to receiving a valid notice from Rubric, in an attempt to minimize disruption and expense, Mereo responded to Rubric's proposal to nominate four directors, which was contained in Rubric's previous invalid notices, by offering to put one of Rubric's principals and a second new, fully independent candidate on its Board, as a compromise to Rubric's overreaching demands," the company said. "Rubric declined this reasonable offer, refused to make any counteroffer and responded today with an escalated proposal that now nominates five directors, seeking to control the Board and the Company's future strategy through its resolutions. The Board urges Mereo shareholders to reject all Rubric's resolutions at the General Meeting."
|
AXTI | Hot Stocks16:59 EDT AXT Inc. falls 15% after cutting Q3 revenue guidance - Shares of AXT Inc. are down 14.6% or $1.03 to $5.98 after the company cut its Q3 revenue outlook to $34M-$35M from $39M-$41M.
|
RCKT | Hot Stocks16:56 EDT Rocket Pharmaceuticals drops 6% to $14.49 after $100M common stock offering
|
INTT | Hot Stocks16:50 EDT Juniper Investment Company reports 5.2% stake in inTEST - The filing allows for activism.
|
AERC | Hot Stocks16:47 EDT AeroClean jumps 38% to $4.43 after announcing merger with Molekule
|
AERC | Hot Stocks16:45 EDT AeroClean Technologies Inc trading resumes
|
MOS | Hot Stocks16:39 EDT Mosaic 'negatively impacted' by Hurricane Ian damage - The Mosaic Company announced that North American Phosphates was negatively impacted by damage caused by Hurricane Ian. Significant flooding and high winds were experienced throughout central Florida during the storm, and this caused modest damage to the company's facilities and to supporting infrastructure. As a result, early assessments indicate phosphate production could be down by approximately 200,000-250,000 tonnes, split roughly evenly between the third and fourth quarters of 2022. Repairs are expected to be completed over the next 1-2 weeks. In addition to production impacts, the timing of shipments was also affected by the storm. Phosphates sales volumes in Q3 are now expected to total 1.60M-1.65M tonnes, as port and rail closures delayed late Q3 shipments to October. Mosaic plans to provide further updates when it reports Q3 results.
|
BCO | Hot Stocks16:38 EDT Brink's acquires NoteMachine for $179M - Brink's announced its acquisition of NoteMachine, an ATM network in the United Kingdom, for approximately $179M or five times adjusted EBITDA. For the fiscal year ended June 30, NoteMachine generated revenue of approximately $131M and adjusted EBITDA of approximately $36M at current exchange rates. The acquisition is expected to be accretive to earnings in the first year and was financed using available cash and Brink's existing credit facility. Headquartered in Crickhowell, United Kingdom, NoteMachine manages more than 9,000 ATMs. The acquisition expands the footprint of Brink's ATM managed services business to approximately 130,000 ATMs worldwide.
|
RIVN | Hot Stocks16:37 EDT Rivian Automotive produces 7,363 vehicles in Q3 - Rivian Automotive, Inc. announced production totals for the quarter ending September 30, 2022. The company produced 7,363 vehicles at its manufacturing facility in Normal, Illinois and delivered 6,584 vehicles during the same period. These figures remain in line with the company's expectations, and it believes it is on track to deliver on the 25,000 annual production guidance previously provided.
|
DMLP | Hot Stocks16:37 EDT Dorchester Minerals leased 243 net acres for $30,000 per acre and 25% royalty - Dorchester Minerals announced the successful consummation of a notable lease transaction in the Midland Basin. On September 30 the Partnership leased 243 net acres in two tracts of land in Reagan County, Texas for $30,000 per acre and a 25% royalty. The resulting lease bonus payment of approximately $7.3M will be included in the Partnership's third quarter distribution to unitholders.
|
ONCT | Hot Stocks16:35 EDT Oncternal Therapeutics receives 'Study May Proceed' letter from FDA for ONCT-808 - Oncternal Therapeutics announced the receipt of a 'Study May Proceed' letter from the FDA, 30 days after submitting its Investigational New Drug, or IND, application for a Phase 1/2 dose escalation study of ONCT-808, an autologous chimeric antigen receptor, or CAR, T therapy targeting ROR1, in patients with aggressive B cell non-Hodgkin's lymphoma (B NHL), including those who have failed previous CD19 CAR T treatment.
|
CSV | Hot Stocks16:33 EDT Carriage Services announces departure of CFO Ben Brink - Carriage Services announced the departure of Ben Brink, Executive Vice President and CFO.
|
VAPO | Hot Stocks16:33 EDT Vapotherm receives NYSE continued listing standard notice - Vapotherm announced that it was notified on September 27, 2022 by the New York Stock Exchange that the company is not in compliance with the NYSE's continued listing standards as a result of the company's average market capitalization being less than $50M over a consecutive 30 trading-day period and the most recently reported stockholders' equity of the company also being less than $50M.
|
ADMP | Hot Stocks16:33 EDT Adamis Pharmaceuticals announces strategic review of alternatives - Adamis Pharmaceuticals announced that following the recently announced halting of the company's Phase 2/3 clinical trial examining the effects of Tempol in high risk subjects with early COVID-19 infection, it has initiated a process to explore a range of strategic and financing alternatives focused on maximizing stockholder value. Potential alternatives that may be explored or evaluated include a partnership or sale of one or both of the company's commercial products Symjepi and Zimhi, a merger, sale, or reverse merger of the company, and/or seeking additional financing. As part of this process, the company has engaged the investment bank Raymond James & Associates, Inc. to act as strategic advisor to assist the company in evaluating certain alternatives. If the company is unable to complete a transaction, it may be required to seek bankruptcy protection or other alternatives for restructuring and resolving its liabilities. The company is also reviewing and intends to pursue expense reduction alternatives and measures which may include, without limitation, employee headcount reductions and reduction or discontinuation of certain product development programs.
|
PFSI | Hot Stocks16:31 EDT PennyMac Financial names Jerry Halbrook as Chief Mortgage Innovation Officer - PennyMac Financial "announced the appointment of Jerry Halbrook as the organization's Chief Mortgage Innovation Officer. With decades of Fintech experience, Mr. Halbrook will develop and launch new technology solutions, preparing the company for future innovations while enhancing Pennymac's business model."
|
IOT | Hot Stocks16:30 EDT Samsara names Steve Pickle as First Chief People Officer - Samsara "announced the hiring of Steve Pickle as Chief People Officer, effective October 10, 2022. Pickle joins Samsara from Salesforce where he served as Executive Vice President of Global People Strategy and Operations. At Salesforce he led a global team of HR professionals, data scientists, and technology specialists to deliver a world-class working environment and culture for Salesforce while helping double the scale of the company to approximately 80,000 employees. Pickle will join Samsara's executive management team and report directly to Sanjit Biswas, Samsara co-founder and CEO."
|
BMWYY | Hot Stocks16:26 EDT BMW of North America reports Q3 BMW brand sales in U.S. up 3.2% y/y - BMW of North America reported Q3 2022 sales results for the BMW and MINI brands in the U.S. In the third quarter of 2022, BMW brand sales in the U.S. totaled 78,031 vehicles, a 3.2% increase from the 75,619 vehicles sold in the third quarter of 2021. MINI brand sales in the U.S. totaled 7,178 vehicles in the third quarter of 2022, an increase of 11.4% vs the 6,445 vehicles sold in the third quarter of 2021.
|
MDRR | Hot Stocks16:21 EDT Medalist Diversified REIT sells Clemson Best Western University Inn for $10.0M - Medalist Diversified REIT "announced that Medalist Diversified Holdings, LP, the operating partnership of the Company, completed a successful sale of the Company's Clemson Best Western University Inn, located in Clemson, South Carolina, to an unaffiliated purchaser on September 29, 2022. The property sold for $10,015,000. After retiring the mortgage payable of $7,750,000 and payment of closing costs, the Company realized approximately $1.8 million in net cash from the sale of the property. Including the release of reserves and escrows held by the lender, the Company generated approximately $3.2 million in unrestricted cash from the transaction."
|
EHAB | Hot Stocks16:20 EDT Enhabit acquires Caring Hearts Hospice, terms not disclosed - Enhabit announced the acquisition of Caring Hearts Hospice, a locally owned and operated hospice agency in Texas. Effective Oct. 1, 2022, this acquisition adds four hospice locations to Enhabit's existing presence in Texas, allowing Enhabit to expand its nationwide footprint. "We are excited to welcome the Caring Hearts Hospice employees to Enhabit," says Enhabit President and CEO Barb Jacobsmeyer. "Their passion for and dedication to providing high-quality care to patients and their loved ones is a perfect fit for our team as we continue to expand our hospice service line." With the transaction, Enhabit will now have a presence in Gun Barrel City, Mineola, Palestine, and Quinlan, Texas. Enhabit is the fourth largest provider of Medicare-certified home health services and the 12th largest provider of Medicare-certified hospice services nationally.
|
AERC | Hot Stocks16:20 EDT AeroClean to resume trading at 4:45 pm ET - AeroClean is set to resume trading at 4:45 pm ET, with quotation scheduled to resume at 4:40 pm ET, according to Nasdaq. Shares had been halted, pending news, ahead of the company announcing a definitive agreement to combine in an all-stock merger with Molekule.
|
ESS | Hot Stocks16:19 EDT Essex Property Trust CEO Michael Schall to retire - Essex Property Trust "announced the planned retirement of Michael J. Schall, the Company's President and CEO since 2011, effective March 31, 2023. Thereafter, Mr. Schall will continue to serve on the Company's Board of Directors and will remain on as a part-time employee. The Board of Directors has appointed Angela L. Kleiman, the Company's Senior Executive Vice President and Chief Operating Officer, to succeed Mr. Schall as President and CEO."
|
AERC MKUL | Hot Stocks16:19 EDT AeroClean, Molekule announce all stock merger - AeroClean (AERC) and Molekule announced they have entered into a definitive agreement to combine the companies in an all-stock merger. The combined company is expected to generate approximately $45M of revenues in FY22 on a pro forma combined basis. Under the terms of the merger agreement, which has been unanimously approved by the boards of directors of both companies, AeroClean stockholders will own 50.5%, and Molekule stockholders will own 49.5%, of the outstanding common equity of the combined company on a pro forma basis upon consummation of the merger. AeroClean will change its name and ticker symbol to Molekule (MKUL) upon consummation of the merger. The combined company will remain headquartered in Palm Beach Gardens, Florida, with significant operations in Lakeland, Florida and offices in San Francisco, California. The transaction has been unanimously approved by the board of directors of both AeroClean and Molekule and by a majority of AeroClean's stockholders. In addition, holders of a majority of the shares of Molekule's outstanding preferred stock have executed stockholder support agreements in which they have agreed to support the transaction and vote in favor of the proposed transaction. The merger is expected to close early in the first half of 2023, following the satisfaction of customary closing conditions, including among others the SEC declaring AeroClean's registration statement on Form S-4 effective and Molekule stockholder approval.
|
AKAN | Hot Stocks16:18 EDT Akanda receives Nasdaq notification regarding minimum bid price deficiency - Akanda Corp. announced that the company has received a written notification on September 27, 2022 from the Listing Qualifications Department of the Nasdaq Stock Market LLC, notifying the company that it is not in compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5550(a)(2). It resulted from the fact that the closing bid price of the company's common shares, no par value, was below $1.00 per share for a period of 30 consecutive business days. The Notification Letter does not impact the Company's listing on the Nasdaq Capital Market at this time. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the company has been provided 180 calendar days, or until March 27, 2023, to regain compliance with Nasdaq Listing Rule 5550(a)(2). To regain compliance, the company's common shares must have a closing bid price of at least $1.00 for a minimum of 10 consecutive business days. In the event the Company does not regain compliance by March 27, 2023, the Company may be eligible for additional time to regain compliance or may face delisting.
|
NGVT | Hot Stocks16:18 EDT Ingevity completes $325M acquisition of Ozark Materials - Ingevity "announced that it has completed its previously disclosed acquisition of privately-owned Ozark Materials in an all-cash transaction valued at $325 million. Ingevity expects the acquisition to be immediately accretive to Ingevity's earnings per share. The business will be included in Ingevity's Performance Chemicals segment."
|
CACI | Hot Stocks16:17 EDT CACI CFO Mutryn to retire - CACI International announced that Executive Vice President Thomas A. Mutryn will retire as the company's Chief Financial Officer and Treasurer after more than 16 years of service. Effective November 1, 2022, Jeffrey (Jeff) D. MacLauchlan will assume the role of EVP, CFO, and Treasurer of CACI as a named executive officer. Mutryn will continue in his role as an EVP to assist with the transition until his retirement date on January 9, 2023. "It has been my great pleasure to work with Tom over the last decade," said CACI President and Chief Executive Officer (CEO) John Mengucci. "Tom's numerous contributions include successfully leading our finance organization, implementing sound organic and inorganic growth strategies, fostering relationships with the investor and analyst communities, as well as providing leadership for a number of years of our discriminating Mergers & Acquisition (M&A) program."
|
COCP | Hot Stocks16:17 EDT Cocrystal Pharma board approves 1-for-12 reverse stock split - Cocrystal Pharma announces that its Board of Directors has approved a 1-for-12 reverse stock split of the Company's common stock. Cocrystal's common stock is expected to begin trading on a split-adjusted basis at commencement of trading on Tuesday, October 11.The reverse stock split will support maintenance of the Company's Nasdaq Capital Market's listing. On November 16, 2021, Nasdaq Capital Markets notified the Company that the Company was not compliant with N asdaq Rule 5550(a)(2) by failing to be above $1.00 per share for 30 consecutive trading days. The purpose of the reverse split is to regain compliance with Nasdaq's Rule and avoid delisting of its common stock.The reverse stock split will reduce the number of shares of Cocrystal's common stock outstanding from approximately 97.5 million shares to approximately 8.1 million shares, but will not change the authorized number of shares of common stock, which will remain at 150 million shares of common stock. The Company's common stock will continue to trade on the Nasdaq Capital Market under the symbol "COCP."
|
AMT | Hot Stocks16:17 EDT American Tower EVP/General Counsel Ed DiSanto to step down - American Tower "announced changes to its senior management team. Ed DiSanto intends to step down from his position as Executive Vice President, Chief Administrative Officer, General Counsel and Secretary, effective January 1, 2023. Ruth Dowling, who has been with American Tower for over ten years, will succeed Mr. DiSanto in the role of Executive Vice President, Chief Administrative Officer, General Counsel and Secretary, effective January 1, 2023. To assist in the transition of responsibilities, Mr. DiSanto will assume the new role of Executive Vice President, Special Advisor and Counsel to the Chief Executive Officer, reporting to Tom Bartlett, effective January 1, 2023."
|
STAG | Hot Stocks16:16 EDT STAG Industrial reports 'no material damage' from Hurricane Ian - STAG Industrial reported no material damage from Hurricane Ian to assets in the affected states, including Florida, Georgia, and the Carolinas. As of June 30, the company's asset exposure in Florida was 2.9% of annualized base rent, and exposure in North and South Carolina was 12.7% of annualized base rent.
|
UTZ | Hot Stocks16:16 EDT Utz Brands CEO Lissette to become executive chairman - Utz Brands announced that, after 27 years with the company, Dylan Lissette, currently Chief Executive Officer, will be appointed Executive Chairman of the Board, effective December 15, 2022. At that time, Howard Friedman, currently Chief Operations Officer of Post Holdings, Inc., will join the Company as Chief Executive Officer and serve as a member of the Utz Board. Commensurate with these appointments, Roger Deromedi, current Chairman of the Board, will become Lead Independent Director. Lissette will transition to the role of Non-Executive Chairman of the Board in the second quarter of 2023. This leadership transition was initially contemplated at the time of the merger between Collier Creek Holdings and Utz and is a natural next step as Utz continues to develop as a public company. The search for the next CEO of Utz included the consideration of both internal and external candidates, leading to the identification of Friedman as an ideal successor to Lissette, with the right CPG experience and expertise to lead the company as it accelerates its proven growth strategy, the company said.
|
UBA UBP | Hot Stocks16:16 EDT Urstadt Biddle Properties announces 2M share buyback program - Urstadt Biddle Properties "announced that the Company's Board of Directors has authorized a share repurchase program of up to 2,000,000 shares, in the aggregate, of the Company's Common Stock and Class A Common Stock, as market conditions warrant. This repurchase program replaces a prior repurchase program announced in June 2017. Share repurchases may be made in the open market or in private transactions, and at times and in amounts that the Company deems appropriate. The share repurchase program will be funded with available cash, has no set expiration date and may be discontinued at any time."
|
BXC | Hot Stocks16:14 EDT BlueLinx sees Vandermeer acquisition as immediately accretive to diluted EPS - The purchase of Vandermeer was funded through cash on hand and is expected to be immediately accretive to diluted earnings per share on a pre-synergy basis. BlueLinx intends to optimize its treatment of the transaction by making a 338(h)(10) tax election. After funding the acquisition, BlueLinx's net leverage did not materially change and the company continues to have ample liquidity through a combination of cash on hand and availability under its undrawn revolving credit facility.
|
BXC | Hot Stocks16:12 EDT BlueLinx acquires privately-held Vandermeer Forest Products for $67M - BlueLinx Holdings announced that it has acquired privately-held Vandermeer Forest Products a premier wholesale distributor of building products, for a purchase price of $67M, which includes $3.6M for the distribution facility and real estate in Spokane, Washington and $63.4 million for the business. Based on preliminary estimates for September results, this reflects a purchase price multiple for the business of approximately 3.3x trailing twelve-month adjusted EBITDA. Vandermeer's trailing twelve-month sales were just over $150M. The purchase of Vandermeer was funded through cash on hand and is expected to be immediately accretive to diluted earnings per share on a pre-synergy basis. BlueLinx intends to optimize its treatment of the transaction by making a 338(h)(10) tax election. After funding the acquisition, BlueLinx's net leverage did not materially change and the company continues to have ample liquidity through a combination of cash on hand and availability under its undrawn revolving credit facility. "We are excited to welcome Vandermeer's employees to the BlueLinx team," said Dwight Gibson, President and CEO of BlueLinx. "This acquisition is well-aligned to our specialty product growth strategy, gives us a meaningful growth platform in the Pacific Northwest, a stated strategic priority, and is consistent with our disciplined approach to capital allocation. With the addition of Vandermeer, we now have a footprint that spans coast-to-coast and serves all 50 states, including direct access to Seattle and Portland, two of the fastest growing metro areas in the United States. Additionally, this acquisition further strengthens our relationships with key strategic suppliers and increases our market penetration in high-value, specialty product categories, specifically siding and engineered wood. Notably, there is no operational overlap, and our team has developed a robust integration plan to drive commercial and operational synergies."
|
FFNW | Hot Stocks16:12 EDT First Financial Northwest announces 5% share repurchase program - First Financial Northwest announced that its board of directors has authorized the repurchase of up to 5% of the company's outstanding common stock, or approximately 456,000 shares, on the open market or in privately negotiated transactions, in accordance with Rule 10b-18 of the Securities Exchange Act of 1934. The new stock repurchase plan will commence on or about October 31 and will expire no later than March 17, 2023. The extent to which the company repurchases its shares and the timing of such repurchases will depend upon market conditions and other corporate considerations. As a result, there can be no assurance as to the exact number of shares, if any, that will be repurchased under the plan.
|
RMAX | Hot Stocks16:11 EDT RE/MAX Holdings names Grady Ligon as Chief Information Officer - RE/MAX Holdings announced that Grady Ligon will join as Chief Information Officer. Serving most recently as Chief Information Officer for Fathom Realty and IntelliAgent, LLC, Ligon led the Fathom team through business and technology integrations of acquired businesses in the mortgage, title, and insurance business space.
|
MRVL DHR | Hot Stocks16:11 EDT Marvell CEO Carl Hull to switch roles, William Martin to succeed - Maravai (MRVL) announced that its board of directors has appointed William Martin, III as its chief executive officer, or CEO. Martin comes to Maravai most recently from Danaher (DHR), where he was the senior VP of new business, genomic medicine. Maravai's first CEO and co-founder Carl Hull will directly support Martin during this leadership transition and will remain with Maravai as executive chairman of the board where he will continue to guide the company's long-term strategy. Hull will remain involved with the strategic direction of Maravai as the executive chairman of the board and will work together with Martin. The company will further discuss the management transition plan on its third quarter earnings call currently scheduled for November 2.
|
BSBK | Hot Stocks16:11 EDT Bogota Financial approved to buy back up to 556.6K shares of common stock - Bogota Financial "announced that it has received regulatory approval for the repurchase of up to 556,631 shares of its common stock, which is approximately 10% of its outstanding common stock, as previously approved by the board of directors of the Company. This is the Company's third stock repurchase program. Repurchases are expected to commence after the Company publicly releases its results of operations for the period ended September 30, 2022."
|
AERC | Hot Stocks16:10 EDT AeroClean Technologies Inc trading halted, news pending
|
SOVO | Hot Stocks16:08 EDT Sovos Brands appoints E. Yuri Hermida as CGO - Sovos Brands announced the appointment of E. Yuri Hermida as the company's chief growth officer, or CGO. Hermida will play a key role in executing Sovos Brands' enterprise-wide growth strategy and will oversee the company's sales, marketing, and business segments. Hermida will join Sovos Brands at the end of October. He is currently an executive VP at Reckitt.
|
SWKH | Hot Stocks16:08 EDT SWK Holdings names Yvette Heinrichson as CFO, succeeding Charles Jacobson - SWK Holdings announced that the company has promoted Yvette Heinrichson to the role of CFO. Heinrichson was previously SWK's Chief Accounting Officer. SWK has also promoted John David Tamas to Director of Underwriting, a newly created position at the company, and has hired Joe Moyer as an Associate. As CFO, Heinrichson will lead SWK's financial reporting and accounting activities as well as assist President and Interim CEO, Jody Staggs, with capital markets initiatives. Heinrichson replaces Charles Jacobson, who held the position of CFO on an outsourced basis since 2012.
|
WES OXY | Hot Stocks16:07 EDT Western Midstream, Occidental sign LoI to explore carbon capture - Western Midstream Partners (WES) announced that it executed a letter of intent with a subsidiary of Occidental Petroleum Corporation (OXY) with the objective of pursuing opportunities to produce and deliver low-carbon intensity oil and gas products to market through the development of carbon dioxide capture, transportation, utilization and sequestration opportunities in and around their existing asset bases in the Texas Delaware and Colorado DJ Basins. Under terms of the LOI, Oxy will explore installing carbon capture facilities on its upstream oil and gas activities, and WES will explore installing carbon capture facilities on its natural gas plants and other major gathering and treating facilities. WES would explore providing CO2 transportation services from the WES and Oxy carbon capture facilities to Oxy's CO2 offtake delivery locations. Oxy would design, own, and operate new and existing CO2 offtake facilities for sequestration, enhanced oil recovery, or other utilization activities. Additionally, Oxy and WES intend to consider opportunities to provide these carbon management services to other point source emitters who are also interested in reducing their carbon emissions. "This collaboration further strengthens the long-standing relationship between Oxy and WES, and we are pleased to work together to progress Oxy's carbon management activities in the Delaware and DJ Basins," said Michael Ure, WES President and Chief Executive Officer. "WES and Oxy are uniquely positioned to continue leveraging our extensive asset base to satisfy growing global energy demand while creating a world-class carbon capture management system."
|
OZK | Hot Stocks16:06 EDT Bank OZK boosts dividend to 33c per share up 3.13% - Bank OZK announced its Board of Directors declared a quarterly cash dividend on the Bank's common stock of 33c per share, up 1c, or 3.13% from the prior quarter. The common stock dividend is payable on October 21, to shareholders of record as of October 14 . Bank OZK has increased its quarterly cash dividend on its common stock in each of the last forty-nine quarters.
|
OZK | Hot Stocks16:06 EDT Bank OZK boosts dividend to 33c per share up 3.13% - Bank OZK announced its Board of Directors declared a quarterly cash dividend on the Bank's common stock of 33c per share, up 1c, or 3.13% from the prior quarter. The common stock dividend is payable on October 21, to shareholders of record as of October 14 . Bank OZK has increased its quarterly cash dividend on its common stock in each of the last forty-nine quarters.
|
OZK | Hot Stocks16:06 EDT Bank OZK boosts dividend to 33c per share up 3.13% - Bank OZK announced its Board of Directors declared a quarterly cash dividend on the Bank's common stock of 33c per share, up 1c, or 3.13% from the prior quarter. The common stock dividend is payable on October 21, to shareholders of record as of October 14 . Bank OZK has increased its quarterly cash dividend on its common stock in each of the last forty-nine quarters.
|
KTB | Hot Stocks16:06 EDT Kontoor Brands names Ezio Garciamendez as Chief Supply Chain Officer - Kontoor Brandsa"nnounced the appointment of Ezio Garciamendez as Senior Vice President, Chief Supply Chain Officer, effective November 1, 2022. Garciamendez will have responsibility for all aspects of Supply Chain management including global operations, planning, manufacturing, sourcing, quality, customer service, distribution, logistics and master data governance. He will also oversee all components of the company's supply chain strategy, including trade-related functions and operations."
|
OLN | Hot Stocks16:06 EDT Olin announces chlorinated organics capacity reduction - Olin announced that it expects to cease methylene chloride and chloroform production at its Stade, Germany facility by third quarter 2023. Olin will continue to produce both products at its Freeport, Texas facility.
|
AMRX | Hot Stocks16:06 EDT Amneal Pharmaceuticals launches first biosimilar with Alymsys in U.S. - Amneal Pharmaceuticals announced the commercial launch of ALYMSYS, a biosimilar referencing Avastin. ALYMSYS is a vascular endothelial growth factor inhibitor used in oncology. This product was developed by mAbxience, a global biotech company with over a decade of experience in the development, manufacture, and commercialization of biopharmaceuticals. "The launch of ALYMSYS provides additional access and choice to affordable oncology therapeutics for providers and patients. As a new entrant to the fast growing $28 billion U.S. biosimilars market, we are leveraging our commercial expertise in the Buy and Bill injectable space and have built a dedicated biosimilar commercial team. We look to be an exceptionally customer centric organization and support stable, system wide adoption of ALYMSYS and our biosimilars to come as a long-term player in this space," said Harsher Singh, SVP of Amneal Biosciences. According to IQVIA, U.S. annual sales for bevacizumab for the 12 months ended July 2022 were $2.4 billion, $1.7 billion of which represented biosimilar sales.
|
ADUS | Hot Stocks16:06 EDT Addus HomeCare acquires Apple Home Healthcare - Addus HomeCare "announced the acquisition of Apple Home Healthcare, LTD, effective October 1, 2022. Based in Chicago, Illinois, Apple serves an average daily adult census of approximately 450 patients in an 11-county metro area in and around Chicago, with annual revenues of approximately $10M. Founded 25 years ago, Apple offers home health services for patients recovering from acute illnesses and procedures. Addus funded the acquisition through a combination of cash on hand and the Company's revolving credit facility and is expected to be immediately accretive to financial results."
|
GLPG | Hot Stocks16:04 EDT Galapagos announces CHMP opinion on Jyseleca - Galapagos announced that the Committee for Medicinal Products for Human Use, or CHMP, the scientific committee of the European Medicines Agency, or EMA, has adopted an opinion on the company's Type II variation application for Jyseleca, a once-daily, oral, JAK1 preferential inhibitor, to amend the European label regarding testicular function after treatment of patients with inflammatory bowel disease, or IBD, and rheumatic conditions, or RC.
|
MTW | Hot Stocks16:03 EDT Manitowoc expands DTC footprint in Colorado, Wyoming, Nebraska - The Manitowoc Company announced that through its wholly-owned subsidiary, MGX Equipment Services, LLC, it has completed the acquisition of certain assets of the crane rental fleet of Honnen Equipment Company. Under the agreement Honnen ends its dealer agreement with Manitowoc in Colorado, Wyoming, and Nebraska. The transaction expands Manitowoc's direct-to-customer footprint in the territory with new sales, used sales, aftermarket parts, and service support to a variety of end market customers.
|
KZR | Hot Stocks16:01 EDT Kezar Life Sciences receives FDA clearance of IND for Zetomipzomib - Kezar Life Sciences announced that it has received clearance of its Investigational New Drug application from the U.S. Food and Drug Administration for zetomipzomib, its first-in-class, selective immunoproteasome inhibitor, for the treatment of autoimmune hepatitis. AIH is a rare, chronic disease in which the immune system attacks the liver and causes inflammation and tissue damage, severely impacting patients' physical health and quality of life. Lifelong maintenance therapy is required to avoid relapse and burdensome adverse effects. If left untreated, AIH can lead to cirrhosis, liver failure and hepatocellular carcinoma. In the United States, AIH affects approximately 140,000 individuals, with incidence rates increasing. The cause of this condition remains unclear. Females are affected four times as often as males. Standard of care treatment for AIH is immunosuppressive treatment with chronic corticosteroids that can lead to additional morbidity and mortality. There is a significant need for treatment regimens that reduce or remove the need for chronic immunosuppression using corticosteroids. The PORTOLA trial (KZR-616-208) is a randomized, double-blind, placebo-controlled Phase 2a clinical trial evaluating the safety and efficacy of zetomipzomib in patients with AIH that are insufficiently responding to standard of care or have relapsed. The target enrollment will be 24 patients, who will be randomly assigned (2:1) to receive either zetomipzomib with prednisone or placebo with prednisone for 24 weeks, with a protocol-directed steroid taper by Week 14. The primary efficacy endpoint will measure the proportion of patients who achieve a complete response measured as normalization of alanine aminotransferase (ALT) and aspartate aminotransferase (AST) levels with a successful corticosteroid taper by Week 24.
|
DG | Hot Stocks15:45 EDT VP of Dollar General Wenkoff sold 10,000 shares of company stock - VP of Dollar General Carman Wenkoff sold 10,000 shares of company stock for $240.49 per share, on September 30, for a total transaction amount of $2,404,911.
|
THTX | Hot Stocks15:11 EDT Theratechnologies' Trogarzo approved by FDA for 30-second intravenous push - Theratechnologies announced that the United States Food and Drug Administration approved Trogarzo for administration by intravenous push, a method by which the undiluted medication is "pushed" by syringe for faster administration into the body's circulation. In the U.S., Trogarzo, in combination with other antiretrovirals, is indicated for the treatment of human immunodeficiency virus type 1 infection in heavily treatment-experienced adults with multidrug-resistant virus failing their current ARV regimen. The FDA originally approved Trogarzo, a novel, long-acting monoclonal antibody, in March 2018 to be administered intravenously as a single loading dose followed by a 15-minute maintenance dose every two weeks. Following today's approval, the maintenance dose can be administered as an undiluted IV push over 30 seconds. Dr. Christian Marsolais, Chief Medical Officer, Theratechnologies, said: "The evolution of Trogarzo administration from intravenous infusion to intravenous push means less preparation and treatment time in clinics for patients and their health care providers, possibly allowing for more clinics to administer this treatment. We are proud of our long-term commitment to bring much needed non-oral innovations to help shift the treatment paradigm for heavily treatment-experienced people living with HIV."
|
NSANY | Hot Stocks14:17 EDT Nissan reports Q3 U.S. sales down 22.6% to 154,086 units - Nissan Group announced total U.S. third-quarter sales for 2022 of 154,086 units, a decrease of 22.6% versus the prior year. Nissan Division sales were down 24.1% to 142,845 units while Infiniti Division sales were up 5.4% to 11,241 units. Reference Link
|
ILMN | Hot Stocks14:13 EDT Illumina to treat Grail strategic review, appeals process as 'parallel paths' - Illumina executives continue speaking at the company's investor day meeting.
|
VWAGY | Hot Stocks14:13 EDT Volkswagen of America reports Q3 sales up 12% to 88,820 vehicles - Volkswagen of America reported Q3 sales of 88,820 vehicles, up 12.0% from last year. Year-to-date, its sales of 232,099 vehicles are down 20.1% relative to 2021.
|
ILMN | Hot Stocks14:06 EDT Illumina says retooling R&D has weighed on margins - Illumina executives are speaking at the company's investor day meeting.
|
AMZN | Hot Stocks13:56 EDT Amazon launches Amazon Access for more affordable shopping options - Amazon introduced Amazon Access, a one-stop-shop for customers to explore programs, discounts, and features that make shopping on Amazon "even easier and more affordable." Here, customers will find information on options like payment with SNAP EBT, Amazon Layaway, and more, the company said. Key among the programs featured in the hub is Prime Access, Prime's discounted membership program for qualifying government assistance recipients. Eligible customers in the U.S. who sign up for Prime Access get all the exclusive benefits and perks of a Prime membership for just $6.99 a month-more than 50% off the cost of a full-priced membership. "Given the tough economic climate, with many facing rising costs on essential needs, we want our customers to know about all the accessible offerings available on Amazon, no matter their circumstances," Amazon said. Reference Link
|
BA | Hot Stocks13:53 EDT Boeing-backed Wisk unveils self-flying, four-seat eVTOL air taxi - Boeing-backed Wisk Aero, an advanced air mobility company, revealed the world's first self-flying, all-electric, four-passenger vertical takeoff and landing, or eVTOL, air taxi. As Wisk's go-to-market aircraft, Generation 6 represents the first-ever candidate for type certification by the FAA of an autonomous eVTOL, the company said. "In 2010, we set out to find a way to skip traffic and get to our destination faster," said Gary Gysin, CEO of Wisk. "That inspiration evolved into a mission to deliver safe, everyday flight for everyone. Over the past 12 years, we've pursued that mission through the development of five different generations of full-scale aircraft. Our 6th Generation aircraft is the culmination of years of hard work from our industry-leading team, learnings from our previous generations of aircraft, commitment from our investors, and the evolution and advancement of technology." Wisk's 6th Generation aircraft is designed to be a service for everyone, with a price target of $3 per passenger, per mile. Reference Link
|
TWTR | Hot Stocks13:20 EDT Twitter says Edit Tweet feature 'coming soon' to U.S. - Twitter Blue tweeted: "test went well, Edit Tweet is now rolling out to Twitter Blue members in Canada, Australia, and New Zealand! US coming soon" Reference Link
|
AMPE | Hot Stocks13:05 EDT Ampio trading halted, news pending
|
BHVN PFE | Hot Stocks13:02 EDT Pfizer completes acquisition of Biohaven Pharmaceutical - Pfizer (PFE) announced the completion of its acquisition of Biohaven Pharmaceutical Holding Company Ltd. (BHVN), the maker of NURTEC ODT, a migraine therapy approved for both acute treatment and prevention of episodic migraine in adults. "We are proud to build on Pfizer's legacy of delivering breakthrough medicines for patients living with complex pain disorders," said Aamir Malik, Executive Vice President, Chief Business Innovation Officer, Pfizer. Pfizer acquired all of the outstanding shares of Biohaven not already owned by Pfizer for $148.50 per share in cash, for a total transaction consideration of approximately $11.6B. As a result of the acquisition, Biohaven became a wholly-owned subsidiary of Pfizer. Effective immediately prior to the closing of the acquisition, Biohaven completed the spin-off of Biohaven Ltd., distributing Biohaven Ltd.'s shares to Biohaven's shareholders. Biohaven Ltd., a new company that retained Biohaven's non-CGRP development stage pipeline compounds, holds the Kv7 ion channel activators, glutamate modulation, and myostatin inhibition platforms, preclinical product candidates, and certain corporate infrastructure assets excluded from the Pfizer acquisition. Pfizer, a Biohaven shareholder, received a pro rata portion of Biohaven Ltd.'s shares in the distribution and owns approximately 3% of Biohaven Ltd. Biohaven Ltd. will continue to trade on the New York Stock Exchange under the ticker "BHVN".
|
ORI | Hot Stocks13:02 EDT Old Republic Title acquires Veritas Title Partners, terms not disclosed - Old Republic Title has acquired the operating assets of Houston-based Veritas Title Partners, as of October 1, 2022. The acquisition adds to Old Republic Title's existing network of direct operations that includes more than 275 branch and subsidiary office locations nationwide.
|
ROK | Hot Stocks13:01 EDT Rockwell Automation appoints Robin Saitz as CMO - Rockwell Automation announced that Robin Saitz has been promoted to vice president, Global Marketing and Chief Marketing Officer. She reports to Scott Genereux, senior vice president and Chief Revenue Officer. In her new role, Saitz has global responsibility to lead marketing of Rockwell's full portfolio. With a focus on driving demand and building the brand globally, she oversees industry strategy, marketing communications, analyst relations, demand generation, and commercial marketing. Saitz joined Rockwell as part of the company's acquisition of Plex Systems, completed in September 2021. Most recently, Robin led marketing for software as a service in Rockwell's Software & Control business segment as the Plex & Fiix Chief Marketing Officer. Fiix was acquired by Rockwell in January 2021. The SaaS and Rockwell marketing teams will come together under Saitz's leadership.
|
VST | Hot Stocks13:01 EDT Vistra moves to extend operation of Comache Peak Nuclear Plant - Vistra announced that it is seeking to extend the operation of Luminant's Comanche Peak Nuclear Power Plant through 2053, an additional 20 years beyond its original licenses. The company has officially submitted its application for license renewal with the Nuclear Regulatory Commission, it said. "Comanche Peak is one of the lowest-cost and highest-performing nuclear power plants in the country and is a large, dispatchable source of carbon-free electricity," said Jim Burke, president and CEO of Vistra. "Renewing the licenses of this plant is critical for grid reliability and our environment and is a benefit to the economy, the local community, and our company."
|
IBKR | Hot Stocks12:42 EDT Interactive Brokers reports September DARTs down 13% y/y - Interactive Brokers Group reported its Electronic Brokerage monthly performance metrics for September. Brokerage highlights for the month included: 1.961 million Daily Average Revenue Trades, 13% lower than prior year and about even with prior month. Ending client equity of $287.1B, 19% lower than prior year and 7% lower than prior month. Ending client margin loan balances of $40.5B, 19% lower than prior year and 6% lower than prior month. Ending client credit balances of $94.7B, including $2.3B in insured bank deposit sweeps, 10% higher than prior year and 1% lower than prior month. 2.01 million client accounts, 31% higher than prior year and 1% higher than prior month. 221 annualized average cleared DARTs per client account. Average commission per cleared Commissionable Order of $3.05 including exchange, clearing and regulatory fees.
|
HMC | Hot Stocks12:40 EDT Honda reports September U.S. sales down 17.1% to 79,354 vehicles - American Honda reported September U.S. sales down 17.1% to 79,354 vehicles and Q3 sales down 35.8% versus last year to 222,050 vehicles. "while the auto industry seems to be hit by one challenge after another with transportation issues and parts shortages, the efforts of our dealers helped achieve strong turn rates that maximize the available inventory for our customers," said Mamadou Diallo, vice president of Auto Sales for American Honda Motor. "Now, the pipeline is getting stronger with the expectation that increased production in the fourth quarter will support important upcoming all-new model introductions, like the CR-V, CR-V Hybrid and Pilot."
|
RELL | Hot Stocks12:31 EDT Richardson Electronics announces new patent pending Ultravoltage3000 - Richardson Electronics announced a new product adding to its portfolio of green energy solutions. The company said: "The new ULTRAVOLTAGE3000 is a voltage discharge tool used for removing stored energy in ultracapacitors. Based on customers' needs, the ULTRAVOLTAGE3000 removes stored energy within various ultracapacitor applications, allowing technicians to work in otherwise hazardous enclosures without the risk of releasing stored energy or electrical energy shock."
|
SOXS | Hot Stocks12:00 EDT Direxion Daily Semiconductor Bear 3X Shares falls -10.2% - Direxion Daily Semiconductor Bear 3X Shares is down -10.2%, or -$7.23 to $63.50.
|
HIPO | Hot Stocks12:00 EDT Hippo falls -10.8% - Hippo is down -10.8%, or -$2.00 to $16.54.
|
APRN | Hot Stocks12:00 EDT Blue Apron falls -43.9% - Blue Apron is down -43.9%, or -$2.54 to $3.24.
|
LVWR | Hot Stocks12:00 EDT LiveWire rises 20.2% - LiveWire is up 20.2%, or $1.45 to $8.63.
|
SBS | Hot Stocks12:00 EDT Sabesp rises 21.2% - Sabesp is up 21.2%, or $1.93 to $11.04.
|
MYOV | Hot Stocks12:00 EDT Myovant Sciences rises 37.9% - Myovant Sciences is up 37.9%, or $6.81 to $24.77.
|
GM | Hot Stocks11:10 EDT General Motors ends Q3 with 359,292 vehicles in dealer inventory - GM said it ended the third quarter with 359,292 vehicles in dealer inventory, including units in-transit, an increase of 111,453 units from the previous quarter and "nearly three times the inventory available at the end of the third quarter of 2021, when COVID-related supply chain issues impacted production." GM added: "Inventory turn rates remain quick, bolstered by GM software that helps dealers identify and order the most in-demand vehicle configurations, as well as new tools to track the status of in-bound orders."
|
GM | Hot Stocks11:08 EDT General Motors reports U.S. Q3 sales up 24% to 555,580 vehicles - General Motors announced it sold 555,580 vehicles in the United States in the third quarter, up 24% year over year, based on "strong customer demand and improved availability." The company added: "Three of GM's vehicle brands posted double-digit total sales gains, with Chevrolet up 30%, GMC up 24% and Cadillac up 50%. GM and its dealers were able to translate improved semiconductor supplies, stable production and improvements in dealer inventory into a nearly 3-point improvement in retail market share year over year, as well as significant sales gains in the commercial fleet market." GM reported "record" quarterly sales of the Chevrolet Bolt EV and Bolt EUV, which totaled 14,709 units combined. "In response to unprecedented customer demand, GM plans to increase calendar-year production for global markets from approximately 44,000 vehicles in 2022 to more than 70,000 in 2023," GM said.
|
MZDAY | Hot Stocks10:56 EDT Mazda reports September North America sales down 1.1% to 23,770 vehicles - Mazda North American Operations reported total September sales of 23,770 vehicles, a decrease of 1.1% compared to September 2021. With 25 selling days in September, compared to the same the year prior, the company posted a decrease of 1.1% on a Daily Selling Rate, or DSR, basis.
|
VUZI | Hot Stocks10:46 EDT Vuzix, Hodei Technology partner for Klabra platform - Vuzix announced that it has received and shipped against an initial volume purchase order from Hodei Technology, an Indiana-based developer and seller of secure, enterprise collaboration solutions designed for a global, connected, and remote workforce, to support the company's newly launched Klabra platform.
|
TM | Hot Stocks10:41 EDT Toyota reports U.S. September sales up 17.1% to 179,050 vehicles - Toyota Motor North America reported U.S. September sales of 179,050 vehicles, up 17.1% on a volume and daily selling rate basis versus September 2021. September 2022 sales of electrified vehicles totaled 35,419, representing nearly 20% of total monthly sales. For Q3, Toyota Motor North America reported U.S. sales of 526,017 vehicles, down 7.1% on a volume and DSR basis. Q3 electrified vehicle sales totaled 111,713, representing 21.2% of total year-to-date sales. "While our teams and dealers continue to face on-going challenges, taking care of our customers and their needs remains a top priority," said Jack Hollis, executive vice president, Sales, TMNA. "Through the end of 2022, customers can expect even more electrified options in showrooms from both brands including four new Corolla hybrid grades, the Corolla Cross hybrid, the all-new Toyota Crown with two hybrid options, and the all-new Lexus RX with available hybrid."
|
BFI | Hot Stocks10:30 EDT BurgerFi says no locations sustained significant damage from Hurricane Ian - In continued assessment of the impact from Hurricane Ian, BurgerFi International is working with its team members, guests, and regional partners in the coming days to help support with recovery efforts in the community. Currently, 174 of the 178 BurgerFi and Anthony's Coal Fired Pizza & Wings locations are fully operational and serving our local communities. None of our locations sustained significant damage, and we expect the two franchised and two corporate-owned BurgerFi locations that are temporarily out of power to open shortly after it is restored.
|
STLA | Hot Stocks10:26 EDT Stellantis' FCA reports Q3 U.S. sales down 6% to 385,665 vehicles - FCA US, a subsidiary of Stellantis, reported sales of 385,665 vehicles in this year's third quarter. Overall, total U.S. sales for the third quarter declined 6%. Total commercial shipments in the third quarter rose 57% versus the same quarter last year. "Our dealers are making every effort to deliver upon each and every customer's needs while we continue to deal with challenging industry supply constraints. We also saw orders open up for the all-new Jeep Grand Cherokee 4xe this August, adding another 4xe nameplate to Jeep brand with the Wrangler 4xe here in the U.S., and the Dodge and Chrysler brands each saw strong third quarters as we head into the final sales season of the year," said U.S. Head of Sales Jeff Kommor.
|
CMHF | Hot Stocks10:23 EDT Community Heritage announces data security incident - Community Heritage Financial announced that on October 1, 2022, the Bank determined there was unauthorized access to a portion of its information technology system. The company said, "Within hours of the detection of the event, the Bank implemented a series of containment and remediation measures to address the situation. The Bank also launched an investigation and engaged legal counsel, a computer forensic firm and other incident response professionals. Although we are continuing to assess the situation, at this time we do not believe that any customer information was accessed. In addition, based on the information currently known to us, at this time we do not believe that the incident will have a material impact on our business or operations, and we expect our branches to continue to operate in the normal course of business."
|
JBHT | Hot Stocks10:03 EDT J.B. Hunt expands transload strategy with operations in Seattle, Laredo - J.B. Hunt Transport Services announced an expansion of its transload strategy that includes new operations in Seattle and Laredo, Texas to solve for customers' needs and provide quick access to outbound rail and highway transport. The company's transloading service footprint now encompasses four of the largest ocean ports and the largest land port of entry into the U.S. All four facilities are located within close proximity to port and/or rail terminals and offer seamless access to J.B. Hunt's 53' intermodal container fleet and highway services.
|
SALM | Hot Stocks10:01 EDT Chris Stigall signs multi-year extension with Philadelphia's AM 990 - Salem Media Group announced today Chris Stigall has signed a multi-year extension to remain with Philadelphia's AM 990, The Answer as host of "Philadelphia's Morning Answer with Chris Stigall".
|
SCO | Hot Stocks10:00 EDT Scor ADR falls -9.7% - Scor ADR is down -9.7%, or -$2.93 to $27.35.
|
ENFN | Hot Stocks10:00 EDT Enfusion falls -11.0% - Enfusion is down -11.0%, or -$1.35 to $10.98.
|
APRN | Hot Stocks10:00 EDT Blue Apron falls -24.2% - Blue Apron is down -24.2%, or -$1.40 to $4.38.
|
LVWR | Hot Stocks10:00 EDT LiveWire rises 15.3% - LiveWire is up 15.3%, or $1.10 to $8.28.
|
SBS | Hot Stocks10:00 EDT Sabesp rises 17.6% - Sabesp is up 17.6%, or $1.60 to $10.71.
|
MYOV | Hot Stocks10:00 EDT Myovant Sciences rises 35.3% - Myovant Sciences is up 35.3%, or $6.34 to $24.30.
|
SILO | Hot Stocks09:49 EDT Silo Pharma prepping pre-Investigational New Drug package for SPC-26 - Silo Pharma announced that it is working with Premier Consulting as its regulatory partner to assist with the preparation of a pre-Investigational New Drug, or IND, package and meeting request with the United States Food and Drug Administration for a novel topical formulation of ketamine, designated as SPC-26, for the treatment of fibromyalgia. "We are confident that our highly constructive pre-clinical work on SP-26 will offer strong support for our pre-IND package as we seek to advance our time-released ketamine delivery system into the clinic. We intend to pursue the 505(b)(2) regulatory pathway and have engaged Premier Consulting as a true strategic partner to pave the way for productive discussions and alignment with the FDA," said Silo CEO Eric Weisblum. "In collaboration with joint venture partner Zylo Therapeutics, Inc., Silo Pharma is pursuing the clinical development of ketamine using ZTI's Z-pod technology. Pre-clinical studies have shown that the Z-pod can hold and distribute ketamine in a time-released manner, and the company has determined to pursue fibromyalgia as an initial indication," Silo added.
|
MPX | Hot Stocks09:47 EDT Marine Products falls -7.7% - Marine Products is down -7.7%, or -65c to $7.81.
|
SCO | Hot Stocks09:47 EDT Scor ADR falls -9.2% - Scor ADR is down -9.2%, or -$2.78 to $27.50.
|
APRN | Hot Stocks09:47 EDT Blue Apron falls -19.7% - Blue Apron is down -19.7%, or -$1.14 to $4.64.
|
SBS | Hot Stocks09:47 EDT Sabesp rises 16.2% - Sabesp is up 16.2%, or $1.48 to $10.59.
|
MYOV | Hot Stocks09:47 EDT Myovant Sciences rises 31.1% - Myovant Sciences is up 31.1%, or $5.59 to $23.55.
|
LVWR | Hot Stocks09:47 EDT LiveWire rises 35.8% - LiveWire is up 35.8%, or $2.57 to $9.75.
|
MTEK | Hot Stocks09:46 EDT Maris-Tech receives court's approval for up to $1M in share repurchases - Maris-Tech Ltd. announced that on September 30, 2022, it received approval from the Israeli court for its previously announced share repurchase plan, allowing the company to use up to $1M to repurchase its ordinary shares, no par value. The approval is valid until March 31, 2023. If the company has not reached the maximum amount under the Repurchase Plan on or before March 31, 2023, it will be required to seek additional approval from the Israeli court to continue the Repurchase Plan. The Repurchase Plan does not obligate the company to repurchase any specific number of the Ordinary Shares and may be suspended or terminated at any time at management's discretion.
|
KSCP | Hot Stocks09:45 EDT Orange County Convention Center to utilize Knightscope K5 ASR - Knightscope announces partnership with the Orange County Convention Center in Orlando, Florida. The OCCC will begin utilizing Knightscope's K5 Autonomous Security Robot to enhance security and operational efficiency at the massive facility.
|
CIGI | Hot Stocks09:43 EDT Colliers International establishes automatic share purchase plan - Colliers International announced that it has established an automatic share purchase plan in connection with its previously announced normal course issuer bid applicable to its outstanding subordinate voting shares. The automatic share purchase plan is intended to allow for the purchase of subordinate voting shares under the NCIB at times when Colliers would ordinarily not be permitted to purchase its securities due to regulatory restrictions and customary self-imposed blackout periods. The ASPP has been pre-cleared by the TSX and will be implemented beginning on October 3 and, if not terminated sooner based on the terms of the ASPP, will terminate on October 28.
|
NVRO | Hot Stocks09:40 EDT Nevro says AACE updated guideline to include spinal cord stimulation therapy - Nevro earlier today announced that its HFX 10 kHz Therapy is the only form of spinal cord stimulation therapy to be referenced by the American Association of Clinical Endocrinology in its 2022 Diabetes Clinical Practice Guideline to treat painful diabetic neuropathy. "This is a very positive endorsement of our proprietary, high-frequency 10 kHz Therapy by an important community of health care providers specializing in endocrinology, diabetes, and metabolic disorders," stated Keith Grossman, Chairman, CEO and President of Nevro. "Based on our strong and growing body of published, peer-reviewed clinical trial data that demonstrated twice the patient responder rate, twice the pain relief and the only study to demonstrate neurologic improvements, we believe that our HFX solution is uniquely positioned to provide relief to the thousands of patients suffering from PDN."
|
PTON HLT | Hot Stocks09:38 EDT Hilton to feature Peloton Bikes across entire U.S. hotel portfolio - Earlier today, Hilton (HLT) and Peloton Interactive (PTON) announced what the companies called "an industry-first partnership" that will make Hilton the first hospitality brand to feature Peloton Bikes across its entire U.S. hotel portfolio of 18 brands. "By the end of the year, nearly all 5,400 U.S. Hilton-branded hotels - from Hampton by Hilton to Waldorf Astoria - will feature at least one Peloton Bike in every fitness center, providing guests with a more holistic wellness experience, including access to Peloton's world-class instructors and expansive connected fitness content," the companies stated. Matt Schuyler, chief brand officer, Hilton, added: "This unique and exciting partnership with Peloton - a brand so many of our guests know and love - accelerates an important part of that equation, allowing us to enhance the stay with an innovative approach to fitness." In early trading following the news, Peloton shares are down 11c, about 2%, to $6.82.
|
SYT CTVA | Hot Stocks09:35 EDT Syngenta, Corteva sued by FTC for pay-to-black scheme - The Federal Trade Commission and a bipartisan coalition of 10 state attorneys general on Friday filed a complaint in federal court against pesticide manufacturers Syngenta Crop Protection (SYT) and Corteva (CTVA) for allegedly paying distributors to block competitors from selling their cheaper generic products to farmers. The complaint alleges that these big pesticide firms run so-called "loyalty programs" in which distributors only get paid if they limit business with competing manufacturers. Cutting off competition has allowed the defendants to inflate their prices and force American farmers to spend millions of dollars more for their products. The complaint seeks to shut down this illegal pay-to-block scheme and restore competition to affected markets. "The FTC is suing to stop Syngenta and Corteva from maintaining their monopolies through harmful tactics that have jacked up pesticide prices for farmers," said FTC Chair Lina M. Khan. "By paying off distributors to block generic producers from the market, these giants have deprived farmers of cheaper and more innovative options. Our lawsuit in partnership with a bipartisan state coalition makes clear that we are united in our fight to stop abusive monopolies from squeezing America's farmers." The complaint was joined by the attorneys general of California, Colorado, Illinois, Iowa, Indiana, Minnesota, Nebraska, Oregon, Texas, and Wisconsin.
|
KWBT | Hot Stocks09:32 EDT Kiwa Bio-Tech Products stockholders sign cooperation agreement with Xiaoman - On October 3, 2022, the company issued an 8K announcement, disclosing that on September 25, 2022, the Preferred Stockholders of the company signed a cooperation agreement with a BVI-registered Xiaoman International Holdings Co., Ltd. Xiaoman will assist the company in completing important tasks such as annual report auditing and asset restructuring. Pursuant to the Cooperation Agreement, Xiaoman will assist the Company in seeking potential acquisition targets in digital assets, digital collections, film and television culture, Metaverse and other fields and eventually listing the Company on a national exchange. The Preferred Stockholders agreed to vote for the director nominees by Xiaoman and acquisition transactions Xiaoman may propose in board meetings and shareholder meetings.
|
LLL | Hot Stocks09:32 EDT JX Luxventure signs pet food agreement with distributor in China - JX Luxventure announced that on October 3, 2022, Flower Crown Holding Group Co., Ltd., a wholly owned subsidiary of the company, entered into and executed a Strategic Cooperation Framework Agreement with Hainan Hang Seng Zhongli Commercial Holding Co., Ltd., a distributor of pet products in China, for the sale, marketing and distribution of JXFC's pet food products by HS Zhongli. The Agreement provides that the target annual sales amount of JXFC's pet food products is $20M and if HS Zhongli achieves this targeted annual sales amount, the Agreement will be automatically renewed for an additional year.
|
BA | Hot Stocks09:31 EDT Boeing reports U.S. Army order for two more CH-47F Block II Chinooks - The U.S. Army is "continuing to modernize its heavy-lift helicopter fleet" with an order for two more Boeing CH-47F Block II Chinooks and long lead funding for additional aircraft, the company announced. "Last year, the Army awarded Boeing a $136 million contract for the first four CH-47F Block II aircraft, which began production in April 2022. The Lot 2 order valued at $63M brings the total number of aircraft under contract to six. The separate Lot 3 advance procurement contract is valued at $29M. Boeing's H-47 Chinook Block II expands upon 60 years of partnership with the U.S. Army. During that time, Boeing has delivered over 1,000 Chinooks to the U.S. Army, continuously modernizing the helicopter to meet evolving needs," the company stated.
|
SLRC GS | Hot Stocks09:27 EDT SLR Capital Partners secures minority investments from Petershill, HPC - SLR Capital Partners announced that Goldman Sachs Asset Management's Petershill Program and Hunter Point Capital have made passive strategic minority investments in SLR. The transaction will provide SLR with additional resources as it pursues its growth objectives. There will be no change to SLR's investment process, management, or day-to-day operations.
|
XXII | Hot Stocks09:26 EDT 22nd Century adds Creager Mercantile as distribution partner for VLN products - 22nd Century Group announced that the Company has added Creager Mercantile as a distribution partner to expand availability and support for its VLN reduced nicotine content cigarette products in the state of Colorado.
|
DSX | Hot Stocks09:25 EDT Diana Shipping announces long term facility with Nordea Bank - Diana Shipping announced that on September 30, 2022, it signed a term loan facility with Nordea Bank Abp, filial i Norge, through nine wholly-owned subsidiaries, in the amount of up to US$200 million. The purpose of the senior secured term loan facility is the partial financing of the nine modern ultramax dry bulk vessels, of which the Company expects to take delivery during the fourth quarter of 2022.
|
SUNW | Hot Stocks09:24 EDT Sunworks taps Zeep Technology for recycling program - Sunworks is advancing its commitment to sustainable practices with the launch of a nationwide, long-term recycling program in contract with asset disposal firm, Zeep Technology. Sunworks' agreement with Zeep emerged after the company recycled 293 decommissioned panels in 2021 and recognized the need to formalize the program. The company's ESG Advisory Committee then prioritized the development of a comprehensive recycling program, which officially started in August.
|
DLPN | Hot Stocks09:24 EDT Dolphin Entertainment says Creature Chronicles sells out in 90 minutes - Dolphin Entertainment reports that its flagship NFT collection, Creature Chronicles, an intergalactic, immersive storytelling experience from former Marvel Studios' artist Anthony Francisco, sold out in about 90 minutes on the afternoon of Sunday October 2, 2022. The first Creature Chronicles collection, developed and marketed by Dolphin's Web3 division We Come In Peace, was minted on the Solana blockchain and features 7,777 custom-crafted avatars designed by Francisco, generating more than 13,175 SOL in primary sales. Creature Chronicles NFTs are now currently trading in the top 3 of all projects on the leading Solana NFT marketplace, Magic Eden. Trading in the secondary market has already surpassed 11,000 SOL in sales in less than 24 hours, with Dolphin also earning royalty revenue on every secondary sale. Additional character NFT collections from the Creature Chronicles multiverse will go on sale in the coming months and will be brought to life both inside and outside Web3 through Dolphin's in-house production arms and its best in class marketing and PR firms. Dolphin's team of project managers, marketers and writers, alongside Anthony Francisco, are developing major plot lines, character designs and concepts that will expand the Creature Chronicles saga for multiple future collections.
|
NCLH | Hot Stocks09:23 EDT Norwegian Cruise Line to eliminate Covid-19 testing starting October 4 - Norwegian Cruise Line announced that it has updated its global health and safety protocols by removing all COVID-19 testing, masking and vaccination requirements effective Oct. 4, 2022. Given the significant, positive progress in the public health environment, the Cruise Line updated its health and safety guidelines, which are now more aligned with other global travel organizations.
|
FURY | Hot Stocks09:23 EDT Fury Gold Mines sells Dolly Varden common shares to institutional investor - Dolly Varden Silver Corporation announced that Dolly Varden's largest shareholder, Fury, with the approval and consent of Dolly Varden, has entered into a non-brokered agreement to sell 17 million common shares at C$0.40 per share in the capital of the Dolly Varden, representing approximately 7.4% of the outstanding Common Shares, to a well known institutional investor. Fury approached Dolly Varden about the sale of a portion of its Common Shares as a way for Fury to finance continued exploration at the Eau Claire and Eleonore South Joint Venture projects in Quebec and for general working capital. Following completion of the Transaction, Fury will continue to hold approximately 26% of the Common Shares and will be well capitalized for its upcoming exploration activities. While Dolly Varden will receive no proceeds from the Transaction, the company is pleased to be welcoming a new financial institutional investor.
|
MREO | Hot Stocks09:21 EDT Rubric issued an open letter to Mereo's shareholders - "Rubric Capital Management an investment advisor whose funds and accounts collectively own approximately 14% of the outstanding equity of Mereo BioPharma Group issued an open letter to Mereo's shareholders. In its letter, Rubric details Mereo's entrenching tactics in a desperate attempt to once more thwart Rubric's effort to call a general meeting of shareholders. Rubric has delivered yet another revised requisition and is increasing the size of its slate of proposed directors to five director nominees, who it believes will provide the Board with the financial, regulatory, and strategic expertise to maximize value for all shareholders. The five highly qualified candidates for Mereo's Board are: Annalisa Jenkins, MBBS, FRCP, Daniel Shames, MD, Marc Yoskowitz, Justin Roberts, and David Rosen," said Rubric.
|
MEDS | Hot Stocks09:19 EDT Trxade Health announces appointment of Newell to board of directors - TRxADE HEALTH announced the appointment of Jeff Newell to the Company's Board of Directors. Prior to his appointment to the Board of Directors, Newell served on the Company's Advisory Board. Newell will serve as a strategic resource to TRxADE as it continues to develop its trade relationships in the industry.
|
APGI AMTX | Hot Stocks09:19 EDT American Power Group, Aemetis conduct demonstrations of V6000 solution - American Power Group and Aemetis demonstrated APG's V6000 Low-Carbon Dual Fuel Solution last week in California for multiple truck fleet owners and operators who transport various products for Aemetis and other businesses in the region. In addition, the group presented to several regulatory agencies and policy makers in Sacramento. Based on existing and anticipated fleet interest, APG's 2014 Freightliner CA125 Cascadia day cab equipped with a Cummins ISX 15L diesel engine will be available for demo at Aemetis's Keyes, California renewable fuel production facility for the foreseeable future.
|
EZFL | Hot Stocks09:18 EDT EzFill says customers in Florida to benefit from Motor Fuel Tax Relief Act - EzFill noted that customers will benefit from the recently passed Florida Motor Fuel Tax Relief Act of 2022. Passed by the Florida Legislature and signed into law by Governor Ron DeSantis, the Act reduces the tax on motor fuel by 23.5 cents per gallon for the month of October 2022. In addition, EzFill reiterated the availability of its "Storm Readiness Program" in the aftermath of Hurricane Ian and for the remainder of the 2022 season. "The strike of Hurricane Ian in Florida and the recent impact in Puerto Rico from Hurricane Fiona make it clear that preparation ahead of the storm is the most critical of all activities" said EzFill CEO Mike McConnell. "Subscription memberships allow unlimited deliveries each month," continued McConnell, "with delivery priority with the occurrence of a weather event as part of our Storm Readiness Program. If power shuts down the local gas station for days, EzFill will still be on the road delivering fuel to its most loyal customers."
|
ONEXF | Hot Stocks09:17 EDT Gluskin Sheff announces new insurance solution - Gluskin Sheff + Associates announced that Zak Goldman, Jonah Mayles and Brett Okorofsky have joined Gluskin Sheff Financial Services from Sterling Park Financial Group. Gluskin Sheff clients can now directly access customized insurance solutions to address their individual needs through GSFS, a subsidiary of Gluskin Sheff.
|
ELS | Hot Stocks09:16 EDT Equity Lifestyle provides update on Hurricane Ian damage - Equity LifeStyle reported that it is in the process of undertaking an initial assessment of the impact of Hurricane Ian on its Florida properties and North Carolina and South Carolina coastal properties. The company said, "In Florida, based on our ongoing initial assessments, wind-related structural damage to common areas appears limited, and properties have been affected by flooding, wind, wind-blown debris, falling trees and tree branches. Consistent with prior storm events, newer homes appear to have held up well during the hurricane. However, we have seen damage to some homes, carports, screen rooms and awnings. Cleanup efforts have begun in many of the communities, and we are working towards quickly returning our properties to full operating condition. Certain of our properties are still experiencing utility disruptions that have led to temporary closures of a limited number of properties. Among these properties, two RV properties located near Fort Myers beach and a marina in Cape Haze suffered significant flooding and wind-related damage. Gulf Air RV and Fort Myers Beach RV have 246 and 292 sites, respectively, and Palm Harbour Marina has 260 slips. Given access restrictions, we are presently unable to assess Hurricane Ian's impact on Pine Island RV (363 sites) located in St. James City, Florida, and Fish Tale Marina (296 slips) located in Fort Myers Beach, Florida. The impact on our coastal North and South Carolina properties was minimal, and all properties are open. We are in the process of estimating costs associated with our cleanup and restoration efforts, and the Company believes that it has adequate insurance, subject to deductibles, including business interruption coverage. At this time, we do not believe that Hurricane Ian will significantly impact our results of operations or our financial condition on a consolidated basis."
|
LPLA | Hot Stocks09:16 EDT LPL Financial announces Bodnar Financial Advisors joined its platforms - LPL Financial LLC announced that Bodnar Financial Advisors has joined LPL Financial's broker-dealer, RIA and custodial platforms. The team reports serving approximately $300M in advisory, brokerage and retirement assets, and joins LPL from Cambridge Investment Research. Scott Posner, LPL Executive Vice President, Business Development, added, "We welcome Bodnar Financial Advisors to the LPL community and are honored they turned to us to help them build their ideal practice. LPL is a champion in the marketplace for financial advisors and we are centered on empowering advisors so they can do what's best for their clients. We do this by delivering the integrated tools, services and differentiated experiences, all designed to help advisors expand their value proposition and build stronger connections with clients."
|
FMCC | Hot Stocks09:16 EDT Freddie Mac announces tender offer for STACR notes - Freddie Mac announced that it has commenced a fixed-price cash tender offer for the purchase of any and all of the STACR beginning Monday, October 3, 2022. Certain of the series of Notes subject to the Offer were issued by the STACR trust. Freddie Mac is the holder of the owner certificate issued by each Trust and, as a result, the sole beneficial owner of each Trust. Freddie Mac has engaged BofA Securities, Inc. and Barclays Capital Inc. as lead dealer managers and Academy Securities, Inc. as co-dealer manager for the Offer. Freddie Mac is offering to purchase any and all of the Notes listed. The applicable Total Consideration to be paid by Freddie Mac to holders that tender Notes accepted for purchase pursuant to the Offer will be calculated based on the original principal amount of such tendered and accepted Notes, the applicable factor, and the applicable Tender Offer Consideration identified in the table below, plus any accrued and unpaid interest under the applicable Debt Agreement or Indenture upon the terms and subject to the conditions set forth in the Offer to Purchase dated October 3, 2022 and related Notice of Guaranteed Delivery dated October 3, 2022. Capitalized terms used and not otherwise defined herein will have the meaning ascribed to such terms in the Offer to Purchase. The tender offer period will commence on Monday, October 3, 2022, and expire at 5 p.m. New York City time on Friday, October 7, 2022, unless extended. Holders must validly tender their Notes at or prior to the Expiration Time. Notes validly tendered may be withdrawn at any time at or prior to 5 p.m., New York City time, on Friday, October 7, 2022, unless extended by Freddie Mac, but not thereafter.
|
TMC | Hot Stocks09:15 EDT Metals Company appoints Greig to board of directors, Khama to audit committee - The Metals Company announced that Andy Greig has been appointed to its Board of Directors. Greig joined the Board as a director on September 29, 2022 and replaces outgoing director Gina Stryker. Andy brings extensive experience working on international construction projects in the mining sector during a 35-year career at leading engineering, procurement and construction company, Bechtel Group. The Company also announced that the current Chair of its Sustainability & Innovation Committee and Independent Director, Sheila Khama, will join its Audit Committee.
|
ASGN | Hot Stocks09:15 EDT ASGN acquires Iron Vine Security, terms undisclosed - ASGN announced that it has acquired Iron Vine Security. Iron Vine's team of over 230 professionals will become part of ECS Federal, ASGN's Federal Government Segment. Founded in 2008 and headquartered in Washington, DC, Iron Vine delivers end-to-end, next-generation cybersecurity and zero-trust solutions, including cybersecurity program development, security engineering, security operations center management, securities controls testing, cloud infrastructure security and digital forensics. In connection with the closing, ASGN expects to grant restricted stock unit awards to 36 Iron Vine employees who are not executives of ASGN on January 3, 2023, covering a number of shares of ASGN common stock having an aggregate value of approximately $7M on the grant date. Subject to continued service to ASGN, these restricted stock unit awards will vest: (a) one-half on the second anniversary of the closing, and (b) 25 percent on each of the third and fourth anniversaries of the closing. The restricted stock unit awards are granted as employment inducement awards pursuant to the New York Stock Exchange rules.
|
RJF | Hot Stocks09:14 EDT Raymond James Investment Management completes rebrand - Raymond James Investment Management announced that its new brand identity is now effective. The company, formerly known as Carillon Tower Advisers, initially announced the new brand name in June. The Raymond James Investment Management reinforces the alignment of culture and values with Raymond James, while enhancing overall brand awareness to position the company for future growth and expansion. "The roll-out of the Raymond James Investment Management brand signifies the strength of our commitment to deliver top-quality service to our clients and stakeholders, while providing continued independence for its affiliate firms on a cohesive platform for growth within the multi-boutique asset management space," said Paul Reilly, Chair and CEO of Raymond James.
|
GLXZ | Hot Stocks09:13 EDT Galaxy Gaming previews new content, tech at G2E 2022 - Galaxy Gaming will showcase an innovative new table game operating system, brand-new table game content, enhancements to their world-famous games, and their content vast online portfolio at this year's Global Gaming Expo from October 11-13 in booth #4016. G2E will be the premiere of Galaxy OS, Galaxy Gaming's inventive table management system. Built to evolve, GOS features a flexible electronic bonusing platform for real-time progressives, daily jackpots, tiered progressives, linked progressives, and the world's first dynamic progressive. Featured table games available to play in-booth range from some of Galaxy Gaming's most popular titles, such as 21+3, Lucky Ladies and Perfect Pairs side bets all on one triple progressive blackjack table, to fresh new titles like the fast and fun 3 Dice Baccarat and high-action Split to Double Blackjack. Earlier this year, the company launched Galaxy Gaming Digital, a division focused on online growth and development. The company will highlight the success of that focus at this year's expo.
|
CSLR FACT | Hot Stocks09:13 EDT Complete Solaria to become pubic through Freedom Acquisition I combination - Complete Solaria (CSLR) and Freedom Acquisition I Corp. (FACT), a publicly traded special purpose acquisition company, announced a definitive agreement for a business combination that will result in Complete Solaria becoming a publicly listed company. Upon the closing of the business combination, the company is expected to remain listed on the New York Stock Exchange under the new ticker symbol (CSLR). Complete Solaria is the result of a merger between Complete Solar and Solaria, which is expected to be completed in the fourth quarter of 2022, subject to customary closing conditions. On a pro forma combined basis, Complete Solaria generated $80M in revenue in 2020, which is projected to increase to over $120M in 2022, and more than double to approximately $285 million in 2023, with the expectation of achieving breakeven EBITDA in the second half of 2023. Will Anderson, CEO of Complete Solar, will become CEO of Complete Solaria. The business combination values Complete Solaria at an implied $553M pro forma enterprise value, at a price of $10.00 per share, prior to any potential redemptions by Freedom's public stockholders. The pro forma enterprise value implies 1.9x the company's projected 2023 revenue. The business combination transaction is expected to provide gross proceeds of $376M, prior to any potential redemptions and payment of transaction expenses, which includes $346M of cash held in Freedom's trust account and promissory notes from certain investors. T.J. Rodgers and sponsor shareholders of Freedom Tidjane Thiam, Edward Zeng and Adam Gishen have entered into a binding agreement to purchase $7M of convertible promissory notes, demonstrating their commitment to the transaction. In addition, potential exists for investments of up to $23M from additional investors prior to the consummation of the proposed business combination of Complete Solaria with Freedom. All Complete Solaria shareholders will roll 100% of their equity holdings into the new combined company. The business combination transactions between Complete Solaria and Freedom have been approved by the boards of each of Complete Solar, Solaria and Freedom. The transaction will require the approval of the stockholders of Freedom and Complete Solaria, and is subject to satisfaction or waiver of the conditions stated in the definitive agreements and other customary closing conditions, including review by the Securities and Exchange Commission. The merger of Complete Solar and Solaria is currently expected to close in the fourth quarter of 2022, and the business combination between Complete Solaria and Freedom is currently expected to close in the first half of 2023.
|
ELYS | Hot Stocks09:13 EDT Elys Game, Grand Central announce JV to establish sportsbook location - Elys Game Technology announced it has entered into an agreement to expand its current partnership with the Grand Central Restaurant and Sportsbook, by establishing a new joint venture, JV, to open a second sportsbook location in Washington D.C. The specific location has not yet been disclosed and is subject to approval by the DC Department of Small & Local Business Development, DSLBD, and DC Office of Lottery and Gaming, DCOLG. Michele Ciavarella, Executive Chairman of Elys Game Technology, commented, "Our Management Services Provider license with Grand Central Restaurant and Sportsbook, marked the first Class-B, small-business sportsbook location of its kind in the U.S. We are extremely pleased with the strong performance of this first location in the Adams Morgan district of DC, as illustrated by the continuous growth in betting handle. Given this joint success, we are proud to now announce plans for a second sportsbook location with the ownership of Grand Central in Washington D.C."
|
SSB | Hot Stocks09:12 EDT South State Chief Banking Officer Greg Lapointe to retire in December, 2023 - SouthState announced that SouthState Chief Banking Officer Greg Lapointe will retire in December 2023. Lapointe will transition to an advisory role April 1, 2023 and retire on December 31, 2023.
|
DXR | Hot Stocks09:11 EDT Daxor announces new data on company's BVA-100 diagnostic blood test - Daxor announces new data validating the benefits of the Company's BVA-100 diagnostic blood test in reducing hospital length of stay, LOS, for heart failure, HF, patients. Data were presented at the Heart Failure Society of America, HFSA, Annual Scientific Meeting, ASM, 2022. "This important study shows that BVA has the ability to help clinicians treat patients more effectively so that they get out of the hospital faster and have better results in terms of mortality and readmission when compared to those who did not receive BVA-guided care. Annual costs for HF treatment are estimated at $30.7 billion and expected to grow to nearly $70 billion by 2030 if we fail to improve on current treatment outcomes. Notably, in-hospital care comprises the majority of costs across all HF categories, averaging $14,000 per admission," stated Michael Feldschuh, CEO and President of Daxor. The study titled "Length of Stay After Blood Volume Analysis in Hospitalized Heart Failure" compared both hospital admission and discharge dates, allowing the calculation of pre- and post-BVA LOS for all patients. Those who received BVA-guided treatment on the day of admission to the hospital had a highly significant lower total LOS than controls and significantly improved outcomes.
|
AIKI | Hot Stocks09:11 EDT AIkido Pharma purchases 41,096 shares of common stock - AIkido Pharma provided an update on the $3M share repurchase program authorized by the company's Board of Directors on January 21, 2022. The company reported that on September 30, the company purchased 41,096 shares of common stock at $ 7.1034 per share. Anthony Hayes, CEO of Aikido stated, "The company's stock price is still below our book value, so we are continuing to allocate capital under our repurchase plan. The board believes in the company and our plans moving forward."
|
SRAX FUV | Hot Stocks09:11 EDT SRAX announces Acrimoto Sweepstakes - SRAX announces the launch of the SRAX Arcimoto Sweepstakes. The sweepstakes, open to the investor community, is live and will run until October 30. The grand prize of an Arcimoto FUV, a fully electric vehicle, will be awarded to the lucky winner during the first week of November
|
YAYO | Hot Stocks09:09 EDT EVmo partners with Trek World on three-year, multi-vehicle agreement - EVmo announced the signing of a three-year, multi-vehicle agreement with Trek World USA that will provide vehicles for use in non-emergency healthcare transportation. The agreement will initially be in the state of Illinois and then expand nationwide over the next three years. "Corporate services are an exciting growth area for EVmo," commented Stephen Sanchez, CEO of EVmo. "As we continue to build out our fleet, partnerships like this will help us expand our geographic footprint and strengthen our already high fleet utilization metrics. We are excited to partner with an innovative industry leader like Trek World USA and look forward to growing with them in Illinois and other locations to help them meet the transportation needs of underserved communities."
|
FTNT | Hot Stocks09:09 EDT Fortinet surpasses 1M NSE certifications issued - Fortinetannounced it has issued more than 1 million Network Security Expert certifications to date, further advancing its commitment to close the cybersecurity skills gap. Adding to this milestone, Fortinet continues to expand the global impact of its training and certification programs with the addition of new courses in priority cybersecurity areas, new training partners, and by expanding access to cyber training to empower untapped talent. Fortinet also continues to help organizations build a cyber-aware workforce through its existing Security Awareness and Training Service and through a recent initiative tied to the 2022 White House National Cyber Workforce and Education Summit, by providing a tailored version of the service available for K-12 school districts in the United States free of charge.
|
PLD DRE | Hot Stocks09:09 EDT Prologis completes acquisition of Duke Realty - Prologis (PLD) announced the completion of its all-stock acquisition of Duke Realty (DRE) following approval by the shareholders of Prologis and Duke Realty. Valued at approximately $23B, including the assumption of debt, the completed transaction expands Prologis' presence in key U.S. markets. Prologis also announced that Duke Realty's Chairman and CEO James Connor has been appointed to the Prologis Board of Directors effective immediately upon the closing of the acquisition.
|
FAT | Hot Stocks09:08 EDT Fat Brands announces celebration of 70th anniversary - Fatburger announces a Fat celebration in honor of its 70th anniversary. Fans can use deals running through the end of the year, including free food giveaways every Tuesday and free delivery on Fridays. "In celebration of our anniversary this year, we really wanted to drive home to our fans that after 70 years, it's still good to be Fat," said Taylor Fischer, Director of Marketing for FAT Brands' Fast Casual Division. "There is so much history with Fatburger, including our beloved founder, Lovie Yancey, and the music born in our restaurants, that we wanted to spin up a three-month long party. From free food to exclusive giveaways, we have a lot of surprises up our sleeve that we hope our fans eat up!"
|
CMTL | Hot Stocks09:07 EDT Comtech awarded a contract by Tier-1 MNO for over $30M+ - Comtech announced that it has been awarded a contract for over $30M with a multinational data networking and telecommunications equipment company for their text messaging platform. As a pioneer in the SMS industry providing messaging solutions globally since 1996, Comtech has deep experience with its customers' networks, use cases, and messaging features. Comtech's messaging solutions have 99.999% reliability, minimize costs to customers and increase end-user loyalty and satisfaction.
|
STM | Hot Stocks09:07 EDT STMicroelectronics announces new sensor for road-noise cancellation - STMicroelectronics is enabling more acoustically comfortable cars, with its new sensor for road-noise cancellation through active noise-control techniques. Cars have traditionally been defined by engine performance, exterior design, and powertrains, but drivers and passengers are increasingly focused on comfort.
|
HYMTF | Hot Stocks09:06 EDT Hyundai Motor America reports September sales of 59,465 units, up 11% y/y - Hyundai Motor America reported total September sales of 59,465 units, up 11% compared with September 2021. Total and retail sales for Elantra HEV, IONIQ 5, Santa Cruz, Santa Fe HEV, Tucson, Tucson PHEV and Veloster N were the best-ever for September. SUVs were 68% of retail sales, representing a 1.4ppt increase year-over-year. Hyundai did not have fleet sales for the ninth consecutive month, prioritizing inventory for its dealers and consumers.
|
APO | Hot Stocks09:06 EDT Apollo Global acquire minority stake in Diameter Capital Partners - Apollo and Diameter Capital Partners announced that funds managed by Apollo, including an affiliate of Redding Ridge, have acquired an approximate 5% equity interest in Diameter, a New York-based alternative asset manager focused on global credit markets. The investment will support the continued evolution of Diameter's alternative credit platform, with a specific focus on expansion into direct lending and European credit. The minority investment builds on the existing strategic relationship between Apollo and Diameter, and follows capital commitments that helped launch Diameter's US CLO business in 2021. To date, funds affiliated with Apollo and Redding Ridge have deployed more than $1 billion of debt and equity capital across Diameter's CLO and CBO investment strategies.
|
VRA | Hot Stocks09:06 EDT Vera Bradley to donate percentage of sales to breast cancer research - Vera Bradley announced that Vera Bradley will donate 100% of primary net proceeds from its second NFT drop; 100% of net proceeds from its limited-edition Hope Charity Pouch; and 20% of the purchase price of its new Rose Toile and Happiness Returns Pink patterns, to the Vera Bradley Foundation for Breast Cancer in support of National Breast Cancer Awareness Month. Vera Bradley's second NFT drop, the 1982 Collection, is now available for purchase through The World of Vera Bradley, the brand's new metaverse concept, or via OpenSea. The 1982 Collection is comprised of 1,982 generative backgrounds derived from 40 archived prints to commemorate the year the company was founded. Priced at $19.82 USD*, the 1982 Collection appeals to crypto lovers and breast cancer awareness supporters alike, with 100% of Vera Bradley's primary net proceeds benefiting the Foundation, focusing its unique utility on advocacy and fundraising. Designed to honor and give hope to those affected by breast cancer, Vera Bradley's limited-edition Hope Charity Pouch features the word "HOPE," surrounded by delicate floral embellishments and boldly emblazoned on a canvas zip-closure pouch. The Hope Charity Pouch, available online at www.verabradley.com and in Vera Bradley Full Line Stores nationwide, is priced at $20, with 100% of net proceeds directed to the Foundation.
|
GILD | Hot Stocks09:05 EDT Kite announces FDA approval of RVV manufacturing facility in California - Kite, a Gilead company, announced the FDA has approved the company's retroviral vector, or RVV, manufacturing facility in Oceanside, California, for commercial production. Viral vectors are key components needed to manufacture Kite's cell therapies to treat certain blood cancers. Kite is the only cell therapy company with in-house commercial and clinical trial viral vector manufacturing capabilities, augmenting its strong external supply partners.
|
TMBR | Hot Stocks09:05 EDT Timber Pharmaceuticals announces $1.3M registered direct offering - Timber Pharmaceuticals announced that it has entered into a securities purchase agreement with several institutional accredited investors to sell in a registered direct offering 13,000,000 shares of the Company's common stock, par value $0.001 per share and Series 1 common warrants to purchase up to an aggregate of 13,000,000 shares of Common Stock at a purchase price of $0.10 per share and associated warrant. The Series 1 Warrants will be immediately exercisable at an exercise price of $0.10 per share and will expire two and one-half years following the initial exercise date. In a concurrent private placement, the Company has also agreed to issue to the investors: Series 2 warrants to purchase up to an aggregate of 13,000,000 shares of Common Stock, and 13,000 shares of Series B Mirroring Preferred Stock. Each share of Series B Preferred Stock will have a stated value of $0.001 per share. The Series 2 Warrants will become exercisable six months following the date of issuance at an exercise price of $0.12 per share and will expire two and one-half years following the initial exercise date. H.C. Wainwright & Co. is acting as the exclusive placement agent for the offerings. The Company expects to call a special meeting of stockholders for the approval of a proposal to effect a reverse split of the Common Stock. The Series B Preferred Stock has voting rights on the Proposal equal to 10,000,000 votes per share of Series B Preferred Stock. The voting rights of the Series B Preferred Stock were established in order to maintain the Company's NYSE American listing by raising the average minimum bid price of the Common Stock to over $0.20 for 30 consecutive trading days. The closing of the offerings is expected to occur on or about October 3, 2022, subject to the satisfaction of customary closing conditions. Additional information regarding the securities described above and the terms of the offerings will be included in a Current Report on Form 8-K to be filed with the Securities and Exchange Commission. The Company intends to use the net proceeds from the offerings for working capital and general corporate purposes.
|
REAL | Hot Stocks09:04 EDT RealReal announces circular partnership with Jimmy Choo - The RealReal announces A Circular Partnership with global luxury accessories brand Jimmy Choo, who will for the first time offer resale to Jimmy Choo clients from October 6. In a collective effort to increase awareness and adoption of the circular economy, this partnership enables Jimmy Choo clients to easily consign their pre-loved luxury items through The RealReal. Qualifying consignors will also receive a complimentary styling experience with Jimmy Choo. "For more than a decade, we've been committed to driving the adoption of resale and position circularity as a key solution to the fashion waste crisis. We know that recirculating just 1 in 5 items would help put fashion on track to achieve the 1.5-degree pathway laid out by the Paris Climate Accord, but the biggest hindrance to circularity is awareness. This partnership with Jimmy Choo raises circularity awareness by offering luxury consignment services to their sizable loyal customer base, reinforcing the company's environmental commitments. We're honored to be joining forces and generating tremendous impact with such a globally distinguished fashion house," explains Allison Sommer, The RealReal's Vice President of Public Affairs and Business Development.
|
RKT | Hot Stocks09:04 EDT Rocket Companies CFO Julie Booth to retire, Brian Brown to succeed - Rocket Companies announced the retirements of Julie Booth, CFO and Treasurer effective November 15, 2022, and Angelo Vitale, General Counsel and Secretary effective October 3, 2022. Both Booth and Vitale will remain with the company in strategic advisory roles. Booth joined Rocket Mortgage 19 years ago and has served as the organization's CFO since 2005. She plans to stay in her current role until November 15, 2022, after which she will transition to an advisory role within the company. The board has appointed Brian Brown, Rocket Companies' current Chief Accounting Officer, as the incoming CFO and Treasurer.
|
RCKY | Hot Stocks09:03 EDT Rocky Brands sells NEOS Overshoe to SureWerx, terms were not disclosed - Rocky Brands announced that it has sold NEOS Overshoe to SureWerx, a leading global manufacturer of safety, tool & equipment products. Terms were not disclosed. Rocky Brands acquired NEOS Overshoe in March 2021 when it purchased the performance and lifestyle footwear business from Honeywell. NEOS Overshoe has been designing and manufacturing premium overshoes built to protect workers and consumers alike from the elements since 1993. Co-headquartered in Vancouver, British Columbia, and Elgin, Illinois, SureWerx is a leading global supplier of professional safety products, tools, and equipment.
|
LHX VSAT | Hot Stocks09:03 EDT L3Harris Technologies to acquire TDL product line from ViaSat for $1.96B - L3Harris Technologies (LHX) announced the signing of a definitive agreement to acquire Viasat (VSAT) Tactical Data Links, or TDL, product line for approximately $1.96B, subject to customary adjustments. L3Harris will acquire the TDL product line from Viasat's Government Systems Segment, consisting of Link 16 Multifunctional Information Distribution System platforms and associated terminals, which are installed in more than 20,000 U.S. and allied platforms around the world. Viasat's TDL product line is comprised of 450 employees and generates approximately $400M in annual sales. The cash acquisition will be funded with debt financing and includes a net present value of $350M in tax benefits. The deal is expected to close in the first half of 2023, subject to required regulatory approvals and clearances and other customary closing conditions.
|
VSAT LHX | Hot Stocks09:03 EDT Viasat to sell its TDL business to L3Harris Technologies for $1.96B - The company states: "Viasat (VSAT) announced it has entered into a definitive agreement to sell its Link 16 Tactical Data Links,TDL, business to L3Harris Technologies (LHX) for $1.96B, subject to customary transaction adjustments in accordance with the agreement. The sale is expected to result in cash proceeds to Viasat of approximately $1.8B net after estimated taxes, fees, and other expenses. Viasat's Link 16 Tactical Data Link business is part of its Government Systems segment. Over the past 25 years, the business has grown to be a leading provider of Link 16 TDL products and solutions. The sale of the business includes the Multifunctional Information Distribution System platforms and associated next-generation Link 16 terminals and handheld radios, as well as the Link 16 to space business. The Link 16 TDL business had approximately $400M of revenue and an estimated $125M of Adjusted EBITDA for the 12 months ended June 30, 2022, the latter being burdened by the estimated amount of allocable overhead and corporate expenses expected approximately one year after closing. Viasat intends to use the proceeds of the Link 16 TDL sale to reduce net leverage and increase liquidity. Pro forma for the Link 16 TDL sale, standalone net leverage as of June 30, 2022 would have decreased from 4.2x to approximately 1.4x LTM Adjusted EBITDA. Further, the proceeds from the sale are expected to reduce the combined Viasat and Inmarsat net leverage following the closing of the Inmarsat acquisition by approximately 0.7 of a turn by June 30, 2023. Viasat expects proceeds to fully fund path to positive free cash flow, including the proposed Inmarsat transaction, with lower leverage and less cash interest. After giving pro forma effect to the Link 16 TDL sale, Viasat's Government Systems segment would have generated approximately $700 million in annual revenue for the 12 months ended June 30, 2022. Moving forward, this segment will focus on three core areas: broadband and narrowband Satcom services, networking and technology; information assurance and cybersecurity; and an emerging portfolio of space-based services, including LEO to GEO relay and networks for a range of earth observation and sensor systems, alternate position, navigation and timing and space situational awareness. The Inmarsat transaction continues to proceed as expected. Both of these transactions will better support Viasat's transition to earning a greater proportion of revenues from recurring services-based models. Pro forma for the Link 16 TDL sale and the Inmarsat acquisition, Viasat expects recurring services revenue to increase to approximately 77% of total combined revenues."
|
YMAB | Hot Stocks09:03 EDT Y-mAbs Therapeutics announces data for omburtamab - Y-mAbs Therapeutics announced clinical data on the Company's product candidate OMBLASTYS for the treatment of CNS/leptomeningeal metastasis from neuroblastoma. Data was presented by Dr. Kim Kramer from Memorial Sloan Kettering, MSK, Cancer Center at the International Society of Pediatric Oncology Annual Congress held September 28 through October 1, 2022, in Barcelona, Spain. In an oral presentation, Dr. Kramer presented interim results for 32 patients enrolled in the Company's ongoing pivotal 101 multicenter study of omburtamab radiolabeled with Iodine-131. The results showed a twelve-month overall survival of 73.5%, with a median follow-up of 25 months. Further, the interim results showed an objective response rate of 31.3% in the patients with measurable disease after central review based on Response Assessment in Neuro-Oncology criteria and European Association of Neuro-Oncology/European Society for Medical Oncology criteria, and that a total of 75.0% of the patient with measurable disease achieved disease control. Serious Adverse Events was found in 40.6% of the patients and were mostly related to myelosuppression. "We are excited to report these data that together with Study 03-133 is the basis of our BLA," said Thomas Gad, President, and Interim Chief Executive Officer. "The disease burden these patient and their families are facing represent a significant unmet medical need, which we hope to be able to address with OMBLASTYS after our PDUFA date on November 30, 2022."
|
ENB | Hot Stocks09:02 EDT Enbridge CEO Al Monaco to retire, Greg Ebel to succeed - Enbridge announced Al Monaco's retirement as President and CEO and from its Board of Directors effective January 1, 2023. Concurrent with this announcement and after considering internal and external candidates, the Board of Directors has appointed Greg Ebel, currently Board Chair, to succeed Monaco as President and CEO. Ebel will also continue as a member of the Board of Directors. A new independent Board Chair will be named prior to January 1, 2023. To support Ebel through the transition, Monaco will serve as an advisor to March 1, 2023. Since 2017, Ebel has held the position of Chair of the Board which has, along with the Board, provided strategic oversight and leadership to the company throughout its ongoing transformation.
|
TRIB | Hot Stocks08:55 EDT Trinity Biotech appoints Aris Kekedjian as chairman, CEO - Trinity Biotech announced the appointment of Mr. Aris Kekedjian as CEO with effect from October 3, 2022. He succeeds Mr. Ronan O'Caoimh, co-founder of Trinity Biotech, who will remain on the Trinity Biotech plc Board of Directors to advise the Company going forward. In addition, Mr. Kekedjian has also assumed the role of Chairman of the Board of Directors of Trinity Biotech plc. The company said, "Mr. Kekedjian' s appointment as CEO of Trinity Biotech coincides with what Trinity Biotech believes is a period of fundamental transformation in the diagnostic landscape. The Company expects that increasing utilisation of digital health and virtual care, along with the changes in consumer behaviour brought about by COVID-19, will drive a move to increased decentralised diagnostic testing - an area in which Trinity Biotech has held a leading position for over 20 years. Over the past two years Trinity Biotech has been repositioning itself to capitalise on this change, with a goal of building a world-class executive team driven to scale solutions in this evolving, digitising and interconnected diagnostic ecosystem. Mr. Kekedjian's appointment introduces a proven global business leader to complement a number of recent senior executive hires from leading global companies." Most recently, Mr. Kekedjian served as President & Chief Executive Officer at Icahn Enterprises, Senior Advisor to ECN Capital, and Independent Director of various public companies including Xerox Corporation, Finserv Acquisition Corp. and XPO Logistics, Inc.
|
INOD | Hot Stocks08:53 EDT Innodata appoints Rada Mihalcea to board of directors - Innodata announced that Dr. Rada Mihalcea has joined its advisory board. Mihalcea is a Professor of Computer Science and Engineering at the University of Michigan and is Director of the University's Artificial Intelligence Laboratory. Mihalcea is the second member of Innodata's advisory board, following the appointment of Microsoft's US West region Chief Data Officer Eduardo Kassner announced June 30.
|
HEI | Hot Stocks08:52 EDT Heico acquires TRAD, terms not disclosed - HEICO Corporation announced that its 3D PLUS subsidiary acquired TRAD SAS for all cash consideration paid at closing. 3D PLUS is part of HEICO's Electronic Technologies Group. Further financial details were not disclosed. HEICO stated that it expects the acquisition to be accretive to its earnings within a year after closing. Labege, France-based TRAD is a leader in the highly specialized field of radiation engineering, which includes test and simulation of radiation effects on electronic components and materials, developing and providing software for radiation testing and effects modeling, and sourcing/screening radiation tolerant and radiation hardened components for its customers. TRAD's services and products are used primarily in the space, nuclear and medical fields. TRAD was founded in 1994 and built up by its CEO, Dr. Christian Chatry, and, soon after, by the Company's now Vice President of Operations, Dr. Nathalie Chatry. The Chatrys added critical capabilities and established TRAD in an important industry place for understanding radiation's and other conditions' impact on electronic components. TRAD employs approximately 75 people at its Labege and Montpellier, France facilities. Nearly two-thirds of TRAD's Team Members are degreed engineers and the Company counts 15 PhD-holders among them. The Chatrys will continue leading TRAD in their same positions post-closing and HEICO stated that it does not expect any staff turnover to result from the acquisition. Further, HEICO commented that TRAD will remain in its existing facilities.
|
NLSP | Hot Stocks08:51 EDT NLS Pharmaceutics announces $4M private placement - NLS Pharmaceutics announces that it has entered into definitive agreements with investors, alongside participation from the Company's Chairman of the Board of Directors, Ronald Hafner, and George Apostol, the Company's recently appointed Chief Medical Officer, for the purchase and sale on a private placement basis of 5,194,802 of its common shares, and warrants to purchase up to 2,597,401 common shares, resulting in total gross proceeds of approximately $4 million before deducting placement agent commissions and other estimated offering expenses. The common shares and accompanying warrants are being sold together at a combined offering price of $0.77, representing approximately a 20% premium to the $0.62 closing price of the common shares on Nasdaq on September 30, 2022. The warrants have an exercise price of $0.70, are exercisable immediately and will expire five years following the issuance date thereof. The closing of the offering and sale of the Securities is expected to occur on or about October 7, 2022, subject to the satisfaction of customary closing conditions. At the closing of the offering, the Company's existing short-term notes, with an aggregate principal balance of $1.53 million plus all accrued interest, that were issued in August 2022, will be automatically converted into 2,516,429 common shares and the holders will receive warrants to purchase up to 1,258,215 common shares with an exercise price of $0.70, that are exercisable six months after their issuance and will expire five years following the date that the warrants are initially exercisable. Laidlaw & Company Ltd. is acting as the sole placement agent for the offering. NLS intends to use the net proceeds from the offering to fund the ongoing development of its lead product, Quilience for the treatment of narcolepsy, to support business development and licensing activities, and for general corporate purposes.
|
GAME | Hot Stocks08:49 EDT Engine Gaming's Frankly Media, Aggregated Media enter partnership - Frankly Media announced a partnership with Aggregated Media, an esports and video game culture media company. The partnership enables Frankly to monetize A8's content via their premium yield advertising services and maximize their audience reach through Frankly's video streaming platform, mobile apps and OTT/CTV.
|
CYTO | Hot Stocks08:48 EDT Altamira Therapeutics resumes enrollment for NASAR clinical trial of Bentrio - Altamira Therapeutics announced that its "NASAR" clinical trial with its Bentrio nasal spray for seasonal allergic rhinitis has resumed the enrollment of study participants in Australia as its pollen season is starting up again. The NASAR trial, which will enroll a total of 100 patients suffering from SAR, is designed to compare the safety and efficacy of Bentrio against a saline nasal spray. Study participants are randomized at a 1:1 ratio to either receive Bentrio or control treatment via self-administration three times per day, or as needed, for two weeks. The primary endpoint will be the comparison of the reflective Total Nasal Symptom Score under treatment with Bentrio against control. The NASAR trial was initiated in fall of 2021. It was suspended in spring 2022 as the pollen season came to an end before the enrollment target could be met. Interim data from the trial were used in support of the 510(k) clearance of Bentrio by the US Food and Drug Administration.
|
SIEN | Hot Stocks08:47 EDT Sientra launches educational programs for Breast Cancer Awareness Month - Sientra announced the launch of several initiatives in honor of Breast Cancer Awareness Month. as part of their long-standing commitment to breast cancer awareness and education Sientra has partnered with actress and breast cancer survivor, Miranda McKeon; collaborated with the Brem Foundation to launch "Sientra Supports"; and continues to support Reshaping Lives: Full Circle. In addition, Sientra has also partnered with the Brem Foundation, a non-profit organization that seeks to maximize women's chances of finding early, curable breast cancer through education, access, and advocacy, to launch Sientra Supports. This nationwide program will support Brem Foundation's Re-Bra program by providing women who have undergone breast augmentation or breast reconstruction the opportunity to donate gently used pre-surgery bras to low-income women in need. All these programs are in addition to Sientra's large-scale support of Reshaping Lives: Full Circle, a nationwide program aimed at providing free reconstructive breast surgery for post-mastectomy women living in poverty across the U.S.
|
DUOT | Hot Stocks08:44 EDT Duos Technologies Group announces PIPE offering - Duos Technologies Group announced that it has commenced a Private Investment in Public Equity offering of its stock to certain investors. All shares of stock to be sold in the PIPE offering will be offered by Duos. The PIPE offering is subject to market and other conditions and is expected to be complete within 30 days. In conjunction with the PIPE offering, on September 30, 2022, the Company entered into a Securities Purchase Agreement with four existing investors and one accredited investor. Pursuant to the Purchase Agreement, four investors purchased a total of 818,335 common shares at $3.00 per share, and one investor purchased 999 shares of a newly authorized Series D Convertible Preferred Stock with a conversion price of $3.00 per share. The Company has received gross proceeds of approximately $3.45 million and expects to receive additional amounts of up to $1.5 million within the next four weeks if the offering is fully subscribed. Duos intends to use the net proceeds from this offering to support a planned business expansion within its target rail market, including the buildout of additional Rail Inspection Portals, which will be owned and operated by Duos. The Purchase Agreement contains customary representations, warranties, agreements and indemnification rights and obligations of the parties. In addition, the Company entered into a registration rights agreement with the investors whereby the Company will register these shares for future resale.
|
TRN | Hot Stocks08:44 EDT Trinity Industries announces $1.8B multi-Year railcar order - Trinity Industries (TRN) announced that its subsidiary, Trinity Rail Group has entered into a new long-term railcar supply agreement with GATX Corporation (GATX) to deliver a mix of 15,000 newly built tank and freight railcars over a six-year period. GATX has the option to order an additional 500 railcars in each order year. Under the terms of the agreement, Trinity will deliver 6,000 tank cars at a rate of 1,200 cars each year from 2024 through 2028. The remaining 9,000 cars, which can be a mix of freight and tank cars, will be ordered at a rate of 1,500 cars per order year from 2023 to 2028 and delivered under a schedule to be determined. "This multi-year railcar order with GATX represents the extension of a strong partnership," said Jean Savage,Trinity's Chief Executive Officer and President. "We are proud of the relationship we have built with GATX and pleased that they have once again selected TrinityRail as the premier North American railcar manufacturer."
|
SAR | Hot Stocks08:43 EDT Saratoga Investment joint venture prices $400M CLO - Saratoga Investment announced that it has priced a $400 million CLO called Saratoga Investment Corp Senior Loan Fund 2022-1 on September 30, 2022. SLF 2022 is a wholly owned subsidiary of Saratoga Senior Loan Fund I JV. and under joint control and co-managed by Saratoga Investment and TJHA JV. SLF JV was formed on October 26, 2021 for the purpose of making investments in a diversified portfolio of broadly syndicated first lien and second lien term loans or bonds in the primary and secondary markets. The anticipated closing date is October 28, 2022.
|
BTCS | Hot Stocks08:43 EDT BTCS announces appointment of Pump to board of directors - BTCS announced the appointment of Melanie Pump as a new independent director to its Board. Pump serves as Chief Financial Officer at Polymath Research where she leads their Finance, HR, and compliance efforts.
|
KERN | Hot Stocks08:42 EDT Akerna announces pricing of $5M private placement - Akerna announced that it has entered into a securities purchase agreement with certain institutional investors to purchase 400,000 shares of Series A convertible redeemable preferred stock and 100,000 shares of Series B convertible redeemable preferred stock. Each share of Series A and Series B preferred stock has a purchase price of $9.50, representing an original issue discount of 5% of the $10.00 stated value of each share. Each share of Series A and Series B preferred stock is convertible into shares of the Company's common stock at an initial conversion price of $0.25 per share. Shares of the Series A and Series B preferred stock are convertible at the option of the holder at any time following the Company's receipt of stockholder approval of a reverse stock split of the Company's shares of common stock. The Company and the holders of the Series A and Series B preferred stock also entered into a registration rights agreement to register the resale of the shares of common stock issuable upon conversion of the Series A and Series B preferred stock. Total gross proceeds from the offerings, before deducting discounts, placement agent's fees and other estimated offering expenses, is $5.0 million. The Series A and Series B preferred stock permits the holders thereof to vote together with the holders of the Company's common stock on a proposal to effectuate a reverse stock split of the Company's shares of common stock at a special meeting of Company stockholders. The Series B preferred stock permits the holder to cast 4,000 votes per share of Series B preferred stock on such proposal, provided, that such votes must be cast in the same proportions as the shares of common stock and Series A preferred stock are voted on that proposal. Except as required by law or expressly provided by the certificates of designation, holders of the Series A and Series B preferred stock will not be permitted to vote on any other matters. The holders of the Series A and Series B preferred stock agreed not to transfer, offer, sell, contract to sell, hypothecate, pledge or otherwise dispose of their shares of preferred stock until after the receipt of stockholder approval of the reverse stock split. The holders of the Series A and Series B preferred stock have the right to require the Company to redeem their shares of preferred stock for cash at 105% of the stated value of such shares during the period commencing on the earlier of (i) receipt of stockholder approval of the reverse stock split and (ii) the date that is 60 days after the closing of the offering and ending 90 days after the closing of the offering. The Company has the option to redeem the Series A preferred stock for cash at 105% of the stated value commencing after the receipt of stockholder approval of the reverse stock split, subject to the holders' rights to convert the shares prior to a redemption at the option of the Company. The closing of the offering is expected to occur on or about October 4, 2022, subject to the satisfaction of customary closing conditions. Additional information regarding the securities described above and the terms of the offering are included in a Current Report on Form 8-K to be filed with the United States Securities and Exchange Commission
|
DXR | Hot Stocks08:42 EDT Daxor announces new data on BVA-100 blood test - Daxor announces new data validating the benefits of the Company's BVA-100 blood test for heart failure patients. Data were presented at the Heart Failure Society of America Annual Scientific Meeting 2022 - which brought together the world's leading experts in heart failure from September 30th thru October 3rd, 2022, in Washington, DC. Jonathan Feldschuh, Chief Scientific Officer stated, "This study shows the substantial benefit of BVA-guided care for Medicare patients with heart failure. Reducing the mortality rate by 81% on a 30-day basis and 85% on a one-year basis for one of the leading causes of death in the U.S. has been shown to be attainable with BVA in this 216 patient study. The study also showed a 56% lower rate of 30-day rehospitalization which points to a strong economic benefit for payers." The study titled "Heart Failure Outcomes with Volume-guided Management in an Over-65 Population" showed this cohort of patients experienced markedly better outcomes vs. controls for 30-day readmissions, 30-day mortality, and 365-day mortality rates.
|
NGMS | Hot Stocks08:41 EDT Neogames signs distribution agreement with Sweden's ATG - NeoGames announced today that its subsidiary, Pariplay, has signed a major distribution agreement with Sweden's ATG that will see it significantly expand its reach in the country. ATG occupies the first place in the Swedish operator landscape, holding 30.3% of the licensed market. Through the deal, ATG will gain access to Wizard Games titles as well as selected third-party content available via Pariplay's aggregation platform, Fusion. Top-performing games include Dragons of the North, Spirit of Mustang, 12 Super Hot Diamonds Extreme and Jade King.
|
TBK | Hot Stocks08:40 EDT Triumph Bancorp appoints Curtis as EVP, Chief Relationship Management Officer - TriumphPay, a division of TBK Bank, SSB, announced the appointment of Dan Curtis as executive vice president, EVP, chief relationship management officer. In this role, Curtis will provide strategic leadership for TriumphPay's client relationship team, as well as identify key business drivers for clients and ensure TriumphPay is meeting client demands. Prior to joining TriumphPay, Curtis most recently worked as president of BNSF Logistics.
|
HDSN... | Hot Stocks08:39 EDT Hudson Technologies appoints Bulgarino, Mansy to board of directors - Hudson Technologies (HDSN) announced the appointment of Nicole Bulgarino and Loan Mansy to the Company's Board of Directors. Bulgarino and Mansy will fill vacancies resulting from the concurrent resignation of Otto Morch and the prior passing of Dominic Monetta. Nicole Bulgarino is an Executive Vice President and corporate officer for Ameresco (AMRC). Loan Mansy is Executive Vice President, Sales & Service for Clean Harbors (CLH).
|
ADEA | Hot Stocks08:39 EDT Adeia completes tranformation to IP licensing company - Adeia announced that it has completed its transformation to become an independent intellectual property licensing company, following completion of the spin-off of its product business. Adeia will continue to trade on the Nasdaq under the new stock symbol "ADEA". Adeia's IP licensing platform provides access to innovations which allow its customers, who are some of the largest media, entertainment, consumer electronics, social media, and semiconductor companies in the world, to create cutting-edge technology solutions and products. Adeia's engineers and inventors are focused on innovating and creating the most advanced, revolutionary, and forward-thinking solutions to help solve challenges facing the media and semiconductor industries. The Company's internal innovation engine accounts for approximately 85% of its combined patent portfolio and generates ideas that are converted into powerful IP, enabling fundamental technologies in its target markets.
|
XPEL | Hot Stocks08:38 EDT Xpel acquires paint protection film business of Car Care Products Australia - XPEL announced the acquisition of the paint protection film business of Car Care Products Australia, a distributor of automotive protective films serving Australia. Car Care Products Australia will remain in business selling its non-paint protection film products. Mat Moreau, Senior Vice President, Sales and Product of XPEL, stated, "Australia is a great market for us and one we think we can develop greatly. We're excited to begin serving our customers in Australia directly and to increase our investment in the market for their benefit." The Company expects to add training, marketing and other local operational support in the coming months.
|
ACER RLFTF | Hot Stocks08:37 EDT Acer, Relief announces receipt of notice of allowance of US patent covering kit - Acer Therapeutics (ACER) and RELIEF THERAPEUTICS (RLFTF) announced that the US Patent and Trademark Office, USPTO, has issued a Notice of Allowance to Acer for US patent application No. 16/624,834 for claims related to a kit comprising a combination therapeutic product composed of sodium phenylbutyrate or glycerol phenylbutyrate and sodium benzoate. The patent application is exclusively licensed to Acer from Baylor College of Medicine. "This Notice of Allowance expands ACER-001's patent protection and adds an additional component to our product expansion strategy as we evaluate how to maximize its potential," said Jeff Davis, Chief Business Officer at Acer. "The combination of phenylbutyrate and sodium benzoate was synergistic at removing ammonia in healthy subjects based on data from a study published in Genetics in Medicine in 2018.1 As a result, this combination offers the potential to use lower drug doses of each agent while maintaining equivalent ammonia removal in urea cycle disorder patients and becomes part of our lifecycle planning for ACER-001, subject to FDA approval in this indication."
|
MGPI | Hot Stocks08:37 EDT MGP Ingredients appoints Matt Krusemark as VP, sales, Distilling Solutions - MGP Ingredients has named Matt Krusemark to succeed David Dykstra as Vice President of Sales for the Distilling Solutions segment. Dykstra recently announced to customers and colleagues his plan to retire Dec. 31 after more than 30 years with MGP. Krusemark joined MGP in 2005 as an inside sales and customer service representative.
|
SBOW | Hot Stocks08:37 EDT SilverBow Resources to acquire oil and gas assets in Texas for $87M - SilverBow Resources announced it has entered into a definitive agreement to acquire oil and gas assets in DeWitt and Gonzales counties from an undisclosed seller for a cash purchase price of $87M, subject to customary closing adjustments. The acquisition has an effective date of June 1 and is expected to close in the fourth quarter of 2022. The total purchase price is approximately $87M in cash, subject to customary closing adjustments. SilverBow intends to fund the Acquisition and related fees and expenses with cash on hand and borrowings under its revolving credit facility.
|
RXDX | Hot Stocks08:36 EDT Prometheus receives FDA clearance of IND application for PRA052 - Prometheus Biosciences announced the U.S. Food and Drug Administration, FDA, cleared the company to proceed with a clinical trial under its Investigational New Drug Application, IND, for PRA052 in ulcerative colitis. Initiation of a Phase 1 SAD/MAD study for PRA052 in normal healthy volunteers is expected to commence in the fourth quarter of this year. PRA052 is a first-in-class monoclonal antibody blocking CD30 ligand with ulcerative colitis as the initial indication. "The FDA's clearance of our IND for PRA052 is an important milestone in our pursuit of bringing precision medicine to patients by flexing the power of our Prometheus360TM platform to discover these therapeutic candidates," said Mark McKenna, Chairman and CEO. "I applaud our team that has driven PRA052 from discovery to the clinic, leveraging our cutting-edge platform and implementing a precision-based approach with an aim to inform future patient selection and increase efficacy in patients."
|
GATX | Hot Stocks08:36 EDT GATX in long-term railcar pact with Trinity for 15,000 railcars through 2028 - GATX Corporation (GATX) has entered into a new long-term railcar supply agreement with a subsidiary of Trinity Industries to purchase 15,000 newly built railcars through 2028, with an option to order up to an additional 500 railcars each year from 2023 to 2028. The agreement enables GATX to order a broad mix of tank and freight cars. Trinity will deliver 6,000 tank cars at a rate of 1,200 cars each year from 2024 through 2028. The remaining 9,000 cars, which can be a mix of freight and tank cars, will be ordered at a rate of 1,500 cars per order year from 2023 to 2028 and delivered under a schedule to be determined. "This agreement provides GATX with guaranteed access to high-quality, modern and cost-advantaged railcars in North America," said Robert C. Lyons, president and chief executive officer of GATX. "With our existing supply agreements scheduled to expire at the end of 2023, this is an opportune time to establish a new agreement with Trinity, a proven supplier to GATX. We now have long-term access to a wide range of car types, enabling us to continue serving our large and diverse customer base. We expect this order will cover our base fleet reinvestment needs in North America through 2028, and we will continue to pursue additional attractive investment opportunities in the new and secondary railcar markets."
|
NEWT | Hot Stocks08:36 EDT Newtek Business Services says NSBF funds $223.1M in SBA 7(a) loans in Q3 - Newtek Business Services announced that Newtek Small Business Finance had record fundings of SBA 7(a) loans for the three and nine months ended September 30, 2022. For the three months ended September 30, 2022, NSBF funded a record $223.1 million in SBA 7(a) loans, which represents a 36.1% increase over $163.9 million of SBA 7(a) loan fundings for the three months ended September 30, 2021. NSBF also funded 355 loans, a record for the three months ended September 30, 2022, compared to 219 loans for the same period last year. For the nine months ended September 30, 2022, NSBF funded a record $587.0 million of SBA 7(a) loans, which represents an 61.9% increase over $362.6 million of SBA 7(a) loan fundings for the nine months ended September 30, 2021. NSBF forecasts funding approximately $750 million of SBA 7(a) loans for the full year 2022, which would represent a 33.8% increase over $560.6 million of SBA 7(a) loans funded in 2021. The Company also announced that for the three months ended September 30, 2022, the weighted-average net premium received on the sale of guaranteed portions of SBA 7(a) loans slightly increased in the third quarter 2022 over the second quarter 2022.
|
IPG | Hot Stocks08:35 EDT Interpublic Group announces acquisition of RafterOne - Interpublic announced that it has acquired RafterOne. RafterOne will continue to focus on building around Salesforce to support clients across the IPG network that want to leverage the CRM platform. Terms of the deal were not disclosed. RafterOne works with brands to architect and implement scaled Salesforce solutions that connect brands with customers through end-to-end commerce experiences. IPG CEO Philippe Krakowsky commented, "Our clients are looking for partners that help them adapt strategies and find new ways to interact with customers across physical and digital environments. Salesforce has become a priority platform for marketers to thrive in the digital economy and RafterOne delivers highly personalized content that engages and converts in a measurable, precise and repeatable way. RafterOne has created a team that values collaboration and accountability. In our work with them to date, we've found that our cultures are very complementary, and we are excited to have them bring their specialized Salesforce capabilities for commerce, service, data, marketing, and customer experience to our clients and agencies across the group."
|
TBLT | Hot Stocks08:34 EDT ToughBuilt announces launch of striking tools line - ToughBuilt Industries announced the launch of an all-new line of striking tools, including an innovative series of ShockStop hammers, marking their entry into the global tool-hammer market, which was valued at $3.5 billion. in 2021.
|
CNNEF | Hot Stocks08:34 EDT Canacol Energy says gas sales averaged 166 MMscfpd in August - Canacol Energy is pleased to provide the following information concerning its August and September 2022 natural gas sales and the results of the Canaflecha 2 and Claxon 1 wells, along with the exploration drilling plans for the remainder of 2022. Realized contractual natural gas sales were 166 million standard cubic feet per day for August 2022, and 191 MMscfpd for September 2022. In the month of August consumption of gas by thermoelectric generators on the Atlantic coast decreased due to the maintenance of electrical networks. This, coupled with high reservoir levels due to intense rains, temporarily reduced interruptible gas sales which recovered to normal levels in September. The Corporation completed the drilling of the Claxon 1 exploration well located on the VIM-5 Exploration and Production contract operated by CNE OIL & GAS S.A.S. with 100% working interest. Claxon 1 is located approximately 2 kilometers to the south of the Alboka 1 discovery which tested 33 MMscfpd from the Cienaga de Oro sandstone reservoir. Claxon 1 was spud on July 25, 2022 and reached a total depth of 11,708 feet measured depth on August 15, 2022. The well encountered multiple gas filled sandstones between 7,725 and 8,950 feet true vertical depth within the primary CDO sandstone reservoir target. The well was completed and perforated between 9037 - 9062 and 9101 - 9172 ft TVD. Both Claxon 1 and Alboka 1 are currently being tied into permanent production, after which Claxon 1 will be production tested. The Corporation completed the drilling of the Canaflecha 2 well located on the Esperanza Block, operated by CNE OIL & GAS S.A.S. with 100% working interest. Canaflecha 2 was spud on August 11, 2022 and reached a total depth of 7,394 ft md on August 20, 2022. The well encountered multiple gas filled sandstones between 4,250 and 6,400 ft TVD within the primary CDO sandstone reservoir target. Following completion, the CDO was perforated between 6612 - 6635 and 6654 - 6668 ft TVD. The well was tied into permanent production via an existing 4-inch flow line and tested for 37 hours at an average rate of 4.3 MMscfd and a final rate of 6.5 MMscfpd. Following the test, the well was placed on permanent production. The Corporation completed the drilling of the Clarinete 7 development well located on the VIM-5 E&P contract operated by CNE OIL & GAS S.A.S. with 100% working interest. Clarinete 7 was spud on September 12, 2022 and reached a total depth of 7,479 ft md on September 18, 2022. The well encountered multiple gas filled sandstones between 5,800 and 6,050 ft TVD within the primary CDO sandstone reservoir target. The well has been tied into permanent production The Corporation has contracted a rig and is preparing the location for the drilling of the Saxafon 1 exploration well located on its 100% working interest VIM 5 E&P contract. Saxafon 1 will target gas bearing sands within the CDO and Porquero reservoirs. The Corporation anticipates that the well will spud in November 2022 and will take approximately six weeks to drill, complete, and test. The Corporation is preparing the location for the drilling of the Chimela 1 exploration well located on its 100% working interest VMM 45 E&P contract. Chimela 1 will target gas bearing sandstones within the Tertiary Lisama reservoirs. These sandstone reservoirs are productive in various nearby oil and gas producing fields. The Corporation anticipates that the well will spud in November 2022 following mobilization of the rig from the Clarinete 7 location and will take approximately six weeks to drill, complete, and test. The Corporation is preparing the location for the drilling of the Dividivi 1 exploration well located on its 100% working interest VIM 33 E&P contract. Dividivi 1 will target gas bearing sandstones of the CDO reservoirs. The Corporation anticipates that the well will spud in November 2022 and will take approximately four weeks to drill, complete, and test. The Corporation has contracted a rig and is preparing the location for the drilling of the Natilla 1 exploration well located on its 50% operated working interest SSJN 7 E&P contract. Natilla 1 will target gas bearing sandstones within the CDO and Porquero reservoirs. The Corporation anticipates that the well will spud in November 2022 and will take approximately fifteen weeks to drill, complete, and test. The Corporation has successfully completed the acquisition of 496 square kilometers of 3D seismic located on the VIM-5 E&P contract operated by CNE OIL & GAS S.A.S. with 100% working interest. The 3D seismic survey was acquired in an area previously not covered by 3D seismic and is adjacent to 3D seismic coverage over the Corporation's active producing area. Based on fast track processing and interpretation of an early portion of the survey several CDO and Porquero exploration prospects have been identified for the 2023 drilling campaign.
|
CALX | Hot Stocks08:33 EDT Calix promotes Michael Weening to CEO - Calix announced that Michael Weening has been promoted to president and chief executive officer. Weening has been a member of the Calix leadership team for over six years. During his tenure at Calix, he has led functions including sales, services, marketing, products, and operations. In January of 2021, he was promoted to the role of president and chief operating officer.
|
WERN | Hot Stocks08:33 EDT Werner signs definitive agreement on acquisition of FAB9 - Werner Enterprises announced it has signed a definitive agreement and closed on the acquisition of FAB9, doing business as Baylor Trucking. "Baylor, with its highly-skilled professional drivers and non-driver associates, further strengthens our portfolio with their exceptional service and stellar reputation," said Derek Leathers, Chairman, President and Chief Executive Officer. "I have known Cari Baylor for many years and I have tremendous respect for what Cari, her family and her leadership team have created at Baylor. This acquisition delivers on our Werner DRIVE strategy and will position us for further growth. We expect this transaction to be accretive in year one and anticipate buying power synergies through integrated management of our combined fleets." Strategic and Financial Benefits: Addition of 234 drivers; Fleet of 200 trucks and 980 trailers; Existing Baylor leadership; Freight revenues mix of one-way dry van, expedited dry van and refrigerated; Buying power synergies are expected through combined management of our two fleets; Both Werner and Baylor have similar cultures that are intensely focused on safety and superior customer service; Baylor will operate as a standalone business unit within Werner.
|
MODD | Hot Stocks08:32 EDT Modular Medical now sees 510(k) submission between December 2022-June 2023
|
COMS | Hot Stocks08:32 EDT COMSovereign Holding receives certification from Mexico's IFT for Fastback radio - COMSovereign Holding announced that following receipt of the required certifications from Mexico's Federal Telecommunications Institute, its Fastback AnyLOSa IBR 1300 is approved sales to all tier one wireless carriers and private wireless network operators in Mexico. The full certification in Mexico follows extensive testing and evaluation by the country's regulatory agency.
|
MODD | Hot Stocks08:32 EDT Modular Medical has completed majority of tests required for 510(k) submission
|
MODD | Hot Stocks08:31 EDT Modular Medical: Submission timeline for MODD1 pump to experience delays - Modular Medical provided an update on its insulin pump product. The company said it has successfully completed the majority of the tests and documentation required for its 510(k) submission with the U.S. FDA of its MODD1 insulin pump product. However, in one of its qualification tests, the company experienced a materials/sterilization process compatibility issue, which has delayed the submission to the FDA, it said. Tests are underway to identify a solution, and, if the product needs to undergo qualification for a new sterilization method, the submission timeline will experience further delays. The company now expects to make its submission to the FDA between December 2022 and June 2023 and intends to provide further updates after the required additional testing has been completed. Modular said: "Progress on developing production manufacturing capability has been promising. The Company is in the process of transferring production to a tier 1 contract manufacturer located in North America as part of its efforts to shorten and onshore its supply chain. Currently, this project is both ahead of schedule and initial cost estimates are in line with or better than the Company's initial internal estimates. Key initiatives on manufacturability, parts list reduction, and materials cost reductions are in process."
|
CEI | Hot Stocks08:30 EDT Camber Energy in compliance with NYSE American listing standards - Camber Energy is pleased to announce that on September 29, 2022 it received a letter from the NYSE American advising that as a result of the Annual Meeting held by the Company on September 27, 2022, the deficiency set forth in the Exchange's notification letter to the Company on January 4, 2022 has now been resolved and the Company is back in compliance with the Exchange's continued listing standards set forth in Section 704 of the NYSE American Company Guide.
|
XMTR | Hot Stocks08:29 EDT Xometry appoints Matt Leibel as CTO, Brendan Sterne as CPO - Xometry announced the promotion of Matt Leibel to Chief Technology Officer and the appointment of Brendan Sterne as Chief Product Officer. The appointments were announced by Randy Altschuler, CEO of Xometry. Leibel, who joined Xometry in 2019, has played a critical role in the continuing development of Xometry's proprietary AI algorithms, fintech and cloud-based software solutions. Sterne, an expert in scaling products that drive market share and revenue growth, joins Xometry as Chief Product Officer from Indeed.
|
FTCI | Hot Stocks08:26 EDT FTC Solar to supply 128 MW hybrid solar project in Australia - FTC Solar announced that it has been selected to supply its Voyager solar tracker technology for the 128 megawatt Cunderdin hybrid PV solar and energy storage project in Western Australia. The project, owned by Global Power Generation and located approximately 90 miles east of Perth, will be the largest DC-coupled solar PV and battery project in Australia. Patrick Cook, Chief Commercial Officer for FTC Solar said, "Over the past 18 months, we have continued to expand our presence in Australia with orders and deliveries of more than 240 megawatts of trackers. This project represents our 23rd project in Australia, and our largest single-project in the country to date, with another impressive customer." The Project's construction is expected to officially start in the fourth quarter of 2022, with commercial operation anticipated to commence in the first quarter of 2024.
|
DMGGF | Hot Stocks08:25 EDT DMG Blockchain Solutions goes live on Bosonic Network - DMG Blockchain Solutions announces it has been onboarded and is now actively trading on the Bosonic Network. Using Bosonic's decentralized Financial Market Infrastructure technology, DMG is exchanging its bitcoin to fiat currency at a lower cost with lower risk versus traditional exchanges. In addition, DMG is working with Bosonic to offer its dFMI technology to all Terra Pool members. In September 2022, DMG mined 77 bitcoin with 0.65 EH/s realized hashrate. For the September quarter, DMG mined 200 bitcoin. DMG's bitcoin balance as of September 30, 2022 was 344 bitcoin. DMG is on-target with respect to its original schedule for received miner deliveries for growing its hashrate to 1 EH/s by the end of calendar 2022, subject to the receipt, installation and operation of the additional miners.
|
PXMD SGPYY | Hot Stocks08:24 EDT PaxMedica appoints Casamento to board of directors - PaxMedica (PXMD) announced the appointment of Charles Casamento to the company's Board of Directors. Casamento's appointment was effective as of October 1, 2022. Casamento has served as the Executive Director and a Principal of the Sage Group (SGPYY), a health care advisory firm specializing in business development transactions, since 2007.
|
APA | Hot Stocks08:24 EDT APA Corp. sees Q3 U.S. production above high end of August guidance - U.S. production is expected to be above the high end of the third-quarter guidance range provided in August, 212 Mboe/d. International volumes are expected to be below the low end of the third-quarter guidance range, 171 Mboe/d. With respect to international volumes, the shortfall is related to North Sea production, which was approximately eight Mboe/d below guidance due to significant unplanned downtime in August and September.
|
MANT | Hot Stocks08:23 EDT ManTech announces leadership succession, new board of directors - ManTech announced that Kevin Phillips will retire as Chief Executive Officer, CEO, and President and will transition to the role of Chairman of the Board of Directors. Matt Tait, Chief Operating Officer, will succeed Phillips as CEO and President and will join the ManTech Board of Directors. These changes take effect immediately. "It has been a privilege to lead ManTech and I am humbled by the dedication, innovation and collaboration that have made ManTech a company that people admire and trust," said Phillips. "Matt has been an integral member of our leadership team and my partner over the last four years in developing and executing our strategic plans. As ManTech begins its next chapter in partnership with Carlyle, I am confident that Matt brings the executive skills and experience to continue advancing our business with an ever-present commitment to excellence. I look forward to working closely with Matt and actively supporting ManTech's ongoing success in my new role as Chairman."
|
NVO | Hot Stocks08:22 EDT Novo Nordisk reports ONWARDS 5 trial achieved primary endpoint - Novo Nordisk announced headline results from the ONWARDS 5 phase 3a trial with once-weekly insulin icodec in people with type 2 diabetes. The ONWARDS 5 trial was a 52-week, open-label efficacy and safety treat-to-target trial investigating once-weekly insulin versus once-daily basal insulin in 1,085 insulin-naive people with type 2 diabetes in a clinical practice setting including fewer trial visits compared to the other ONWARDS phase 3a trials. Once-weekly insulin icodec was used in combination with a dosing guide app to guide titration. The trial achieved its primary endpoint of demonstrating non-inferiority in reducing HbA1c at week 52 with insulin icodec compared with once-daily basal insulin analogues. From an overall baseline HbA1c of 8.9%, once-weekly insulin icodec achieved a superior reduction in estimated HbA1c of -1.68%-points compared with -1.31%-points for the once-daily basal insulins. In the trial, there was no statistically significant difference in estimated rates of severe or clinically significant hypoglycaemia with 0.19 events per patient-year exposed to once-weekly insulin icodec and 0.14 events per patient-year exposed to the once-daily basal insulins. In the trial, once-weekly insulin icodec appeared to have a safe and well-tolerated profile.
|
FMAO | Hot Stocks08:22 EDT Farmers & Merchants announces completion of People-Sidney acquisition - Farmers & Merchants Bancorp announced that it has completed the acquisition of Peoples-Sidney Financial Corporation. Lars Eller, President and CEO of F&M, stated, "We are thrilled to complete the Peoples acquisition, which is the fifth acquisition we have closed since 2019. Peoples expands our presence in Sidney and greater Shelby County, and we are excited to bring our community-oriented banking and financial services to customers across these markets. Our successful acquisition strategy combined with strong organic growth has helped increase our bank assets to over $2.8 billion. On behalf of everyone at F&M, we are pleased to welcome the employees and customers of Peoples to F&M." With the addition of PPSF, F&M now operates 33 full-service branches with total deposits of $2.3 billion and total loans of $2.1 billion at June 30, 2022. F&M provides financial services through its offices within Ohio and Indiana, as well as Loan Production Offices in Ohio, Indiana, and Michigan.
|
APRN | Hot Stocks08:21 EDT Blue Apron plunges 23% after stock sale announcement, Q3 revenue outlook
|
BTC... | Hot Stocks08:21 EDT Kim Kardashian to pay $1.26M to settle SEC charges for touting crypto security - The Securities and Exchange Commission announced charges against Kim Kardashian for touting on social media a crypto asset security offered and sold by EthereumMax without disclosing the payment she received for the promotion. The SEC's order finds that Kardashian failed to disclose that she was paid $250,000 to publish a post on her Instagram account about EMAX tokens, the crypto asset security being offered by EthereumMax. Kardashian's post contained a link to the EthereumMax website, which provided instructions for potential investors to purchase EMAX tokens. Kardashian agreed to settle the charges, pay $1.26M in penalties, disgorgement, and interest, and cooperate with the Commission's ongoing investigation. Publicly traded companies in the crypto space include Bit Digital (BTBT), Coinbase (COIN), Core Scientific (CORZ), Greenidge Generation (GREE), Marathon Digital (MARA), MicroStrategy (MSTR), Riot Blockchain (RIOT), Stronghold Digital Mining (SDIG) and TeraWulf (WULF). Reference Link
|
CLNN | Hot Stocks08:21 EDT Clene reports results from Healey ALS Platform trial of CNM-Au8 - Clene and its subsidiary Clene Nanomedicine announced topline study results showing a survival benefit in the Healey ALS Platform trial of CNM-Au8 in participants with amyotrophic lateral sclerosis. The primary endpoint of slope of change in ALS Functional Rating Scale Revised scores adjusted for mortality was not significant at 24 weeks. Secondary endpoints of Combined Assessment of Function and Survival and slow vital capacity were also not met at 24 weeks across the combined 30 mg and 60 mg CNM-Au8 doses. The prespecified exploratory analyses of the secondary survival endpoint demonstrated a greater than 90% reduction in risk of death alone or in risk of death/permanently assisted ventilation at 24 weeks, when adjusted for baseline imbalances in risk with the CNM-Au8 30 mg dose. These survival results were statistically consistent for the 30 mg dose between the regimen only and full analysis setsl. This survival signal is consistent with results previously reported by Clene in the Phase 2 RESCUE-ALS trial with CNM-Au8. The full analyses, including data on biomarkers of neurodegeneration and exploratory efficacy results, are expected later in 2022. Based on these topline findings, Clene has selected the CNM-Au8 30 mg dose for continued development in ALS. The CNM-Au8 60 mg dose did not demonstrate a survival benefit. CNM-Au8 was well-tolerated, and there were no drug-related serious adverse events or significant safety findings reported.
|
AGFMF | Hot Stocks08:21 EDT AGF Management announces implementation of $40M substantial issuer bid - AGF Management announces that its Board of Directors has authorized a substantial issuer bid to purchase for cancellation a number of Class B non-voting shares of the Company for an aggregate purchase price not exceeding $40 million. The Offer will expire at 5:00 p.m. on November 8, 2022, unless extended, varied or withdrawn by AGF. Details of the Offer, including instructions for tendering shares, are included in the formal offer to purchase and issuer bid circular, letter of transmittal, notice of guaranteed delivery and other related documents. The Offer Documents are expected to be promptly mailed to shareholders, filed with applicable Canadian securities regulatory authorities and made available without charge on SEDAR at www.sedar.com, as well as being posted on the Company's website at www.agf.com. Shareholders should carefully read the Offer Documents prior to making a decision with respect to the Offer.
|
APRN | Hot Stocks08:20 EDT Blue Apron: FY22 revenue outlook depends on completion of bulk sales - In a regulatory filing, Blue Apron said: "Our ability to achieve our net revenue growth target for fiscal year 2022 of a 7% to 13% increase in net revenue over net revenue in fiscal year 2021 as we announced on August 8, 2022, depends in part upon the completion of additional bulk sales in one or more transactions to the enterprise customer referred to above in the aggregate amount of approximately $30 million in the fourth quarter of 2022, which amount includes the previously anticipated bulk sales to the enterprise customer in the third quarter. While we are engaged in discussions with the enterprise customer, we have not yet entered into an agreement for such additional bulk sales, and we believe that a significant portion of these bulk sales will be dependent on the enterprise customer's receipt of additional directed donations similar to the June transaction. We cannot provide any assurance as to if or when we will enter into any bulk sales agreements with the enterprise customer in the fourth quarter or in what amounts, or any assurance regarding the timing and amount of any bulk sales to the enterprise customer under any purchase agreement we may enter into with the enterprise customer."
|
SLNO | Hot Stocks08:18 EDT Soleno Therapeutics initiates randomized withdrawal study of DCCR - Soleno Therapeutics announced that it has initiated a randomized withdrawal period of Study C602, an ongoing open-label extension study of DCCR Extended-Release tablets for the treatment of Prader-Willi syndrome, PWS "Initiation of the randomized withdrawal period of Study C602 represents a significant milestone for our late-stage DCCR development program," said Anish Bhatnagar, M.D., Chief Executive Officer of Soleno. "As we announced previously, following interactions with the U.S. Food and Drug Administration, we have alignment that data from this portion of Study C602 have the potential to support the submission of a New Drug Application."
|
APRN | Hot Stocks08:18 EDT Blue Apron announces equity distribution agreement with Canaccord Genuity - In a regulatory filing, Blue Apron said it entered into an Equity Distribution Agreement with Canaccord Genuity LLC, as sales agent, pursuant to which the company may issue and sell shares of its Class A common stock, $0.0001 par value per share, having an aggregate offering price of up to $14,999,425, from time to time through the Sales Agent.
|
FBIO | Hot Stocks08:18 EDT Urica Therapeutics appoints Jay Kranzler as chairman, CEO - Urica Therapeutics announced the appointments of Jay D. Kranzler, M.D., Ph.D., as Chairman and Chief Executive Officer and Vibeke Strand, M.D., MACR, FACP, Adjunct Clinical Professor, Division of Immunology/Rheumatology, Stanford University, to its Board of Directors. Dr. Kranzler joins Urica to guide and expedite the development of its lead product candidate, dotinurad, a potential best-in-class urate transported inhibitor that is currently in Phase 1 clinical trials and positioned for the treatment of gout in the United States. Dotinurad was approved in Japan in 2020 as a once-daily oral therapy for gout and hyperuricemia. Dotinurad was efficacious and well-tolerated in more than 500 Japanese patients treated for up to 58 weeks in Phase 3 clinical trials.Dr. Kranzler serves as an Adjunct Professor at New York University Stern School of Business and at the New York University Langone School of Medicine.
|
REED | Hot Stocks08:17 EDT Reed's receives positive Nasdaq listing determination - Reed's announced that, by decision dated September 28, 2022, a Nasdaq Hearings Panel granted Reed's request for an extension until February 13, 2023 to continue the listing of Reed's common stock on The Nasdaq Capital Market. The extension is subject to the Company's timely satisfaction of certain interim milestones and, ultimately, the Company's compliance with all applicable criteria for continued listing on Nasdaq, including the $1.00 bid price and minimum $2.5 million stockholders' equity requirements. "We are pleased that the Nasdaq Hearings Panel has provided us with this extension," said Norman Snyder, CEO of Reed's. "We presented the panel our operating plan that includes several business initiatives which are on track and should contribute to regaining our compliance with Nasdaq, including the continued growth of our flagship Reed's Ginger Beer and Virgil's portfolios, ramping of our RTD alcohol portfolio, various product launches and further expansion of our swing-lid portfolio. Coupled with our various supply chain, transportation and cost saving programs, we believe the value generated by these initiatives will be realized in the broader market and should support our goal of regaining compliance with Nasdaq listing requirements."
|
AMCI BEP | Hot Stocks08:16 EDT LanzaTech, Brookfield form strategic partnership with initial $500M commitment - LanzaTech NZ announces a funding partnership with Brookfield Renewable (BEP), and its institutional partners, to co-develop and build new commercial-scale production plants that will employ LanzaTech's CCT technology, which transforms captured carbon into valuable raw material commodities. The funding partnership commits an initial $500 million to be invested by Brookfield Renewable in constructing and operating new CCT projects that have achieved certain pre-agreed milestones. The funding will be provided through the Brookfield Global Transition Fund, which is the largest fund in the world focused on the energy transition. Brookfield will be LanzaTech's preferred capital partner for LanzaTech CCT opportunities in Europe and North America and following initial investments totaling $500 million, Brookfield could commit to making an additional $500 million available for investments in the strategic partnership if sufficient projects are available at the agreed milestones. Brookfield will also invest $50 million in LanzaTech to support further corporate development. "Creating a new carbon economy will require new ways of financing technology scale up and deployment," said Jennifer Holmgren, CEO of LanzaTech. "We are excited to partner with Brookfield to accelerate deployment and achieve exponential growth. Together, we have the potential to target significant commodity markets and keep fossil resources in the ground. Each additional plant deployed has the potential to keep the equivalent of around 100,000 tons of carbon from the atmosphere each year. This is the new carbon economy in action!" LanzaTech has entered into a merger agreement for a business combination transaction with AMCI Acquisition Corp. II ( AMCI).
|
AQMS | Hot Stocks08:15 EDT Aqua Metals closes $6M secured loan from Alpen Mortgage - Aqua Metals announced that the Company has closed a $6 million secured loan with Alpen Mortgage, Northern Nevada's Premier Private Lender. The loan provides a non-dilutive path to expand the Company's cash position and ensure sufficient resources to reach revenue generation. The $6 million note was closed on September 30, 2022 and has a 24-month term. The note includes interest at a fixed rate of 8.5%. Monthly payments are interest-only commencing on November 1, 2022. All unpaid principal and remaining accrued unpaid interest is due 24 months from the close date. The loan is secured by commercial property. Additional details regarding the loan will be included on a Form 8-K, to be filed with the Securities and Exchange Commission after closing.
|
BLK | Hot Stocks08:14 EDT BlackRock announced that Martin Small will succeed Gary Shedlin as CFO - BlackRock announced that Martin Small will succeed Gary S. Shedlin as Chief Financial Officer in 2023. Mr. Shedlin will transition his CFO responsibilities after the firm completes its 2022 financial reporting processes, which is anticipated to be on or about March 1. and will take on a new role as Vice Chairman working directly with key strategic clients of the firm. Mr. Small, Head of BlackRock's U.S. Wealth Advisory business, will work with Mr. Shedlin in the interim to assure a smooth transition. "Gary has been involved with - and a friend of - BlackRock for many years: first as our outside financial advisor and for the past decade as our CFO," said Laurence D. Fink, BlackRock Chairman and CEO. "As an investment banker, he played a key role in our most transformational transactions. And as CFO, Gary has helped lead BlackRock through a crucial decade of the firm's history. We are lucky that he will continue to play a vital role with the firm - now working more closely with clients who can benefit from his deep experience and strategic insight." Shedlin joined BlackRock in 2013 after serving as a long-time strategic advisor to the firm during his 25-year career as an investment banker advising companies in the financial services industry.
|
BIIB DNLI | Hot Stocks08:14 EDT Biogen, Denali announce initiation of Phase 3 LIGHTHOUSE study - Biogen (BIIB) and Denali Therapeutics (DNLI) announced that dosing has commenced in the global Phase 3 LIGHTHOUSE study to evaluate the efficacy and safety profile of BIIB122, DNL151, as compared to placebo in approximately 400 participants with Parkinson's disease and a confirmed pathogenic mutation in the leucine-rich repeat kinase 2 gene. The primary endpoint of the LIGHTHOUSE study is time to confirmed worsening, as assessed using the Movement Disorder Society-Sponsored Revision of the Unified Parkinson's Disease Rating Scale (MDS-UPDRS) over the treatment period, up to 180 weeks. Participants will be randomized to receive oral BIIB122 or placebo once daily. "In collaboration with Biogen, we are excited to be pursuing the potential of LRRK2 inhibition as an effective treatment for Parkinson's disease," said Carole Ho, M.D., Chief Medical Officer of Denali. "The initiation of the Phase 3 LIGHTHOUSE study marks an important milestone in the BIIB122 development program. Together with the recent initiation of the Phase 2b LUMA study in early-stage Parkinson's disease, we hope to have the opportunity to bring a novel therapeutic option to people living with Parkinson's disease."
|
DXR | Hot Stocks08:12 EDT Daxor announces new data from Duke Heart on BVA-100 blood test - Daxor announces new data from Duke Heart validating the benefits of the Company's BVA-100 blood test in optimizing individualized therapy for heart failure patients. Data were presented at the Heart Failure Society of America Annual Scientific Meeting 2022 - which brought together the world's leading experts in heart failure from September 30th thru October 3rd, 2022, in Washington, DC. Studies from Duke Heart utilizing the Daxor BVA-100 diagnostic in patients with an implantable pulmonary pressure monitor highlighted that the commonly used pressure metric does not correlate with actual blood volume. Jonathan Feldschuh, Chief Scientific Officer for Daxor, said "Heart failure management is centered around effective volume management, pressure measures are no substitute for direct 98% accurate measurement of blood volume with the Daxor BVA system. These two studies add to the considerable evidence that shows why BVA is the most accurate and effective diagnostic tool for volume measurement in heart failure with significant outcome and cost improvement for patient care when used to guide treatment."
|
CDXS | Hot Stocks08:12 EDT Codexis appoints Rahul Singhvi to board of directors - Codexis announced the appointment of Rahul Singhvi, Sc.D., to its Board of Directors. He currently serves as the CEO of National Resilience.
|
CRNX ASND | Hot Stocks08:11 EDT Crinetics appoints Dana Pizzuti as CDO - Crinetics Pharmaceuticals (CRNX) announced the appointment of Dana Pizzuti, M.D., as chief development officer. Before joining Crinetics, Dr. Pizzuti served as senior vice president, development operations and chief medical officer at Ascendis Pharma (ASND), where she rebuilt the U.S. regulatory affairs unit into a streamlined global organization.
|
ALHC | Hot Stocks08:11 EDT Alignment Healthcare announce new plan options for 2023 Medicare advantage plan - Alignment Health announced new Alignment Health Plan options that offer more value, access and flexibility to 8.3M Medicare-eligible adults this Medicare enrollment season. New offerings include expanded $0-premium Preferred Provider Organization plans, special needs plans for adults eligible for both Medicare and Medicaid, and new benefits to support today's senior lifestyles. Medicare-eligible adults can select from Alignment's diverse portfolio of plans during the annual enrollment period, which runs Oct. 15 through Dec. 7 for plan benefits starting Jan. 1, 2023. "Every year, we grow our range of customized plans, benefits and support for seniors who need and deserve more choice in their care. This mission is increasingly critical as an estimated 10,000 U.S. adults turn 65 every day," said John Kao, founder and CEO of Alignment Health. "Our model puts our members at the heart of everything we do: our plans deliver a breadth of choice and value; our care teams proactively engage members to ensure the best care experience; and our proprietary technology empowers us to deliver customized, coordinated care that drives better health outcomes. As we grow, we continue to show that it is possible to deliver high-quality care at a lower cost and to do it at scale. Our 2023 plan offerings and benefits are designed to empower seniors nationwide to age well, where and how they choose."
|
EVA | Hot Stocks08:10 EDT Enviva Partners sees FY22 capital expenditures $255M-$275M - The company said, "Net income guidance for full-year 2022 has been updated to reflect revised expectations primarily related to depreciation and amortization, given increased clarity on the timing of in-service dates related to capital projects. Adjusted EBITDA guidance expectations for full-year 2022 have been narrowed as a result of increased visibility regarding production levels, sales prices, and shipping schedules. DCF guidance expectations for full-year 2022 have been narrowed to account for increased visibility regarding adjusted EBITDA, and higher interest rate impacts. For full-year 2022, dividend expectations of $3.62 per share represent an increase of approximately 10% over 2021. Total capital expenditures for 2022 continue to be estimated in the range of $255 million to $275 million, but given the current strong contracting momentum driven by global decarbonization and energy security needs, the timing of construction of our next greenfield plant in Bond, Mississippi could be accelerated, which would lead to incremental growth capital expenditures during fiscal 2022."
|
IGIC | Hot Stocks08:09 EDT IGI Group appoints Chris Jarvis as Chief Underwriting Officer - International General Insurance Holdings announced that it has appointed the role of Chief Underwriting Officer of the IGI Group, effective today. Jarvis will work with IGI's underwriting team leaders to optimise performance within their existing portfolios in order to support the Group in delivering on its growth and profitability targets. He will also be responsible for evaluating new business opportunities.
|
EVA | Hot Stocks08:08 EDT Enviva Partners provides update on Q3, Q4 adjusted EBITDA outlook - The company said, "Similar to what was described in Enviva's most recent earnings release, Enviva expects third-quarter 2022 adjusted EBITDA to be over 50% higher than reported results for second-quarter 2022, and that fourth-quarter 2022 is expected to represent over 40% of full-year 2022 adjusted EBITDA. The second half of the year is traditionally Enviva's seasonally strongest period, as higher plant productivity is achieved through drier, warmer weather and increased asset utilization and throughput rates. Additionally, the production ramp for Enviva's newest wood pellet production plant in Lucedale, Mississippi continues to progress in line with expectations, and we continue to see increased shipping from Enviva's new deep-water marine terminal in Pascagoula, Mississippi. Although diesel costs remain higher as compared to the second half of 2021, we have mitigated the impact by reducing our procurement radius and thus the freight costs associated with transporting the fiber we source from the forests to our plant locations. As a result, adjusted gross margin per metric ton ("AGM/MT") for the third and fourth quarters of 2022 is projected to be approximately $60.00 and $75.00, respectively, at the midpoints of the guidance ranges, representing increases of approximately 40% and 75%, respectively, from reported results for the second quarter of 2022, as we increasingly benefit from (i) cost improvements, (ii) improved pricing (including new higher-priced contracts and select repricing of legacy contracts), (iii) contract escalators for 2021 inflation now fully embedded in sales prices, and (iv) fixed cost absorption resulting from increased volumes sold. Enviva's contracts are predominantly denominated in U.S. dollars. In terms of pass-through costs within our contract structure, bunker fuel related to shipping is higher than prior-year periods. From an overall perspective, there is no impact to Enviva's net results, but revenue for 2022 includes, on average, approximately $10 per metric ton ("MT") sold related to higher bunker fuel charges passed through to our customers and, as expected, our cost of goods sold is higher by $10 per MT for the same reason. We continue to project durable margin expansion going forward, as headline contract escalators drive an outpaced increase in revenue as compared to the discrete areas of cost increase we have experienced in our cost tower."
|
WSC | Hot Stocks08:08 EDT WillScot Mobile Mini completes divestiture of Tank, Pump Business - WillScot Mobile Mini announced it has completed the previously announced divestiture of its Tank and Pump segment to private equity firm Kinderhook Industries effective September 30, 2022. Proceeds from the sale, valued at approximately $323M, will be used to support ongoing reinvestment in the Company's core Modular and Storage operating segments and other capital allocation priorities.
|
CNTG DNLI | Hot Stocks08:07 EDT Centogene reaches 12,500 patient milestone in ROPAD study - Centogene (CNTG) announced reaching a significant milestone with the recruitment and genetic testing of 12,500 participants in the Rostock International Parkinson's Disease, ROPAD, Study. With more than 120 study sites around the world, CENTOGENE is leading the largest study of its kind - a global observational study focused on the role of genetics in Parkinson's disease. As part of the ROPAD study, CENTOGENE utilizes CentoCard, its proprietary, CE-marked dried blood spot collection kit in combination with state-of-the-art sequencing technologies to develop a first-in-class Parkinson's Disease Panel that is being used to screen participants for mutations in leucine-rich repeat kinase 2 as well as other PD-associated genes. CENTOGENE's Parkinson's Disease Panel has been widely adopted by clinicians, and its use could provide vital information to allow more precise therapeutic development in the future. Having met the initial milestone of recruiting and performing genetic testing of 10,000 participants in March 2021, CENTOGENE and Denali Therapeutics (DNLI) extended their partnership to recruit and test an additional 2,500 patients. "Parkinson's disease is a devastating neurodegenerative disease, and there is a significant medical need to truly unveil deeper data on PD genetics to accelerate diagnosis and personalized Parkinson's treatments," said Kim Stratton, Chief Executive Officer at CENTOGENE. "In reaching such a pivotal milestone in our Parkinson's disease study, we have been able to unlock significant insights into the genetic factors - which we believe together with partners, such as Denali with their therapeutics targeting LRRK2, will accelerate the development of potentially life-saving therapeutics for many PD patients around the world."
|
EVA | Hot Stocks08:07 EDT Enviva Partners reports minimal impact from Hurricane Ian - Enviva reported that Hurricane Ian has resulted in minimal impact to operations and provided details on third quarter and fourth quarter of 2022 expectations, along with an update of certain 2022 financial guidance metrics. The company said, "Enviva prepared in advance of Hurricane Ian to keep employees safe and minimize disruption, most notably at Enviva's storage and terminaling operations located at the ports of Savannah, Georgia, Wilmington, North Carolina, and Chesapeake, Virginia. As a precaution, the Georgia Ports Authority and the North Carolina State Ports Authority ordered the temporary closure of the Port of Savannah and Port of Wilmington, respectively, which suspended operations at our deep-water marine terminals there. The ports have re-opened and Enviva has resumed normal operations. No production facilities were adversely affected by the storm."
|
SLGL | Hot Stocks08:07 EDT Sol-Gel Technologies appoints Michael Glezin as VP, business development - Sol-Gel Technologies announced the appointment of Michael Glezin to the position of Vice President, Business Development. In this position, Mr. Glezin will be responsible for identifying new in-licensing business opportunities as well as potential commercial partners for the Company's approved products in ex-US territories. Previously, Mr. Glezin was a Senior Business Development Executive at Dexcel Pharma, based in Or Akiva, Israel.
|
ATIF | Hot Stocks08:07 EDT ATIF Holdings announces $2M JV to form ATIF Southern US - ATIF Holdings is pleased to announce that the company has signed Business Partnership Agreement with David Shan on September 26, 2022 to jointly fund a total of $2M to establish ATIF Southern US LLC in Texas to cover the entire southern region of U.S. with ATIF's premium IPO advisory service. Pursuant to the Agreement, the two parties jointly contributed a total of $2M, with 60% of the shares held by ATIF and 40% by David Shan. ATIF Southern will serve as a business branch of ATIF, based in Texas, and extend the company's best-in-class IPO advisory services to outstanding local companies throughout the southern United States. Both parities will jointly select qualified companies for IPOs and the joint capitalization of $2M for operating and investment capital will provide financial support for a successful IPO in major capital markets of U.S.
|
HSC | Hot Stocks08:05 EDT Harsco releases 2021 Environmental, Social, Governance Report - Harsco Corporation released its Environmental, Social & Governance Report, highlighting the Company's corporate sustainability efforts throughout fiscal year 2021 Harsco's 2021 ESG Report is informed by leading sustainability reporting standards, including the Global Reporting Initiative and the Sustainability Accounting Standards Board. The report outlines Harsco's four ESG focus areas, the Company's vision and strategy, and the critical role of its Values, Code of Conduct and governance structure in enabling its continued success. Case studies across the Company's segments illustrate ongoing progress toward its goals.
|
BLFS | Hot Stocks08:05 EDT BioLife Solutions COO Roderick de Greef to retire - BioLife Solutions announced changes to its Board of Directors and executive management team, all to be effective as of January 3. Roderick de Greef, BioLife President and COO, will retire from management and will re-join the Board of Directors, increasing the number of Directors to seven. de Greef has served BioLife for 22 years as a board member then and as an executive officer since 2016. de Greef served as CFO from 2016 to 2021 and postponed his previously announced retirement of December 2021 to assume the role of COO, with a focus on completing key operational improvement initiatives related to the company's acquisition of Global Cooling. de Greef commented further, "It is with full confidence now that I re-announce my retirement and our plan to hand my global operations responsibilities to Geraint Phillips, current Vice President of Freezer Operations in January 2023. Having worked closely with Geraint over the last year, I have complete faith in his ability to assume a broader role within BioLife by utilizing his decades long operations management experience."
|
CDXS | Hot Stocks08:05 EDT Codexis announces appointment of Norrett as Chief Operating Officer - Codexis announced the appointment of Kevin Norrett as Chief Operating Officer, effective immediately. In this role, Norrett is responsible for driving the Company's corporate growth strategy, business development and operational activities and reports directly to Dr. Stephen Dilly, President and CEO of Codexis. Norrett brings more than twenty years of experience across commercial, business and corporate development, operations and finance for both established and emerging biotechnology companies. Most recently, he served as Chief Business Officer of Sierra Oncology.
|
ASND | Hot Stocks08:04 EDT Ascendis announces recommended Phase 2 dose for transcendIT-101 - Ascendis Pharma announced completion of the dose-escalation portion and recommendation of the Phase 2 dose in transcendIT-101, a Phase 1/2 clinical trial to evaluate the safety and efficacy of TransCon TLR7/8 Agonist in locally advanced or metastatic solid tumors, alone or in combination with pembrolizumab. TransCon TLR7/8 Agonist is a novel investigational product candidate designed for sustained, localized release of resiquimod with low systemic exposure. The abstract for the dose-escalation topline data was accepted for an oral presentation at SITC 2022, the annual meeting of the Society for Immunotherapy of Cancer being held November 8-12 in Boston. All patients in the dose escalation portion of the trial had advanced or metastatic solid-tumors and had progressed on prior treatments. In the next phase of the trial, the recommended Phase 2 dose of TransCon TLR7/8 Agonist will be evaluated in four cohorts focused on cancers where increased Toll-like receptor activity has potential to improve adaptive immune activation and host defense against cancers. The cohorts include head and neck squamous-cell carcinoma other HPV-associated cancers; melanoma; and cutaneous squamous cell carcinoma. In this portion of the study, all participants will be treated every three weeks with intratumoral TransCon TLR7/8 Agonist in combination with intravenous pembrolizumab. Limits on prior lines of therapy vary by cohort. Later this year, Ascendis will initiate a clinical investigation of TransCon TLR7/8 Agonist intratumoral treatment in combination with TransCon IL-2 beta/gamma, the company's product candidate designed for systemic activation of tumor-antigen specific cytotoxic cells.
|
CELU HGEN | Hot Stocks08:04 EDT Celularity appoints Kilcoyne as Chief Medical Officer - Celularity (CELU) announced that Adrian Kilcoyne, M.D., M.P.H., M.B.A., has been appointed Executive Vice President, Chief Medical Officer and Head of Global Medical Affairs, Patient Safety and Patient Affairs, effective today. Dr. Kilcoyne brings over 15 years of clinical experience to Celularity. Most recently, Dr. Kilcoyne served as the Chief Medical Officer of Humanigen (HGEN), where he was responsible for building its oncology and immunology portfolio focused on the cytokine pathway, CAR-T therapy related toxicity, and antibody drug conjugates in solid tumors.
|
YUM | Hot Stocks08:03 EDT Yum! Brands' KFC testing Kentucky Fried Chicken Wraps in Atlanta - Kentucky Fried Chicken is shaking up its menus with the release of its new Kentucky Fried Chicken Wraps in select Atlanta restaurants for a limited time, starting October 3. Kentucky Fried Chicken Wraps are packed with flavor and available in three mouthwatering options for fans to choose from, starting at only $3 each or in a two-wrap combo.
|
PDSB | Hot Stocks08:03 EDT PDS Biotechnology announces end-of-phase 2 meeting with FDA for PDS0101 - PDS Biotechnology announced that it has successfully completed an End-of-Phase 2 meeting with the U.S. Food and Drug Administration for PDS0101 in combination with Merck's anti-PD-1 therapy, KEYTRUDA for the treatment of unresectable, recurrent/metastatic human papilloma virus 16-positive head and neck squamous cell carcinoma. "We are very pleased with the guidance received from FDA on key elements of the clinical program that will support the submission of a Biologics License Application for our lead asset PDS0101," said Dr. Frank Bedu-Addo, Chief Executive Officer of PDS Biotech. "The interim safety and efficacy data we presented to the FDA has allowed us to move into a registrational trial ahead of our projected schedule. This, along with the recent capital raise, allows us to efficiently advance our clinical programs." Dr. Frank Bedu-Addo further commented, "PDS0101 represents a potentially transformative treatment approach for HPV16-positive HNSCC patients. We are committed to providing physicians and patients a possibly more effective and safer treatment option to address this debilitating and deadly disease."
|
CDXS | Hot Stocks08:02 EDT Codexis appoints Singhvi to board of directors - Codexis announced the appointment of Rahul Singhvi, Sc.D., to its Board of Directors. Dr. Singhvi is a biotechnology industry veteran with more than three decades of research and development, operations and commercialization expertise. He currently serves as the Chief Executive Officer of National Resilience.
|
BKYI | Hot Stocks07:59 EDT BIO-key to demonstrate IAM, IBB solutions at Identity Week America - BIO-key International will demonstrate its Identity and Access Management and Identity-Bound Biometric solutions at the Identity Week America 2022 Conference in Washington, DC, Tuesday and Wednesday, October 4-5. BIO-key has seamlessly integrated the power of Identity-Bound Biometrics into its PortalGuard IAM platform and its multi-factor authentication mobile app, BIO-key MobileAuth, making it easy to incorporate the security and convenience of biometrics into any IAM strategy.
|
EBIX | Hot Stocks07:43 EDT EbixCash signs strategic partnership agreement with Al Fardan Exchange - EbixCash announced that its Foreign Exchange Division - EbixCash World Money, has signed a strategic partnership agreement with Al Fardan Exchange LLC, UAE for import and export of Foreign Currency Banknotes.
|
PINE | Hot Stocks07:38 EDT Alpine Income Property announces expanded $350M credit facility - Alpine Income Property Trust announced that it has successfully amended and restated its senior unsecured Credit Facility. The Credit Facility was increased to $350M and is comprised of a $250M unsecured revolving credit facility and the Company's existing $100M unsecured term loan. The Credit Facility includes an accordion option that allows the Company to request additional Revolver and 2027 Term Loan lender commitments up to a total of $750M. The Company's existing $100M 2026 senior unsecured term loan will remain outstanding through maturity in January of 2026. The Credit Facility made structural changes to certain financial covenants and includes a sustainability-linked pricing component that reduces the applicable interest rate margin if the Company meets certain sustainability performance targets. The Revolver refinanced and increased the Company's existing $150 million senior unsecured revolving credit facility, which was scheduled to mature in November of 2023. The new Revolver will mature in January 2027, with extension options available to extend the maturity date for an additional year to January of 2028. Based on the Company's current leverage ratio, the initial interest rate for the Revolver will be SOFR plus 165 basis points and a 10-basis point SOFR index adjustment.
|
CC | Hot Stocks07:38 EDT Chemours announces $200M investment to expand capacity - Chemours, Thermal & Specialized Solutions and Advanced Performance Materials announced a planned $200M investment to increase capacity and advance technology for its Nafion ion exchange materials to support the Hydrogen Economy. Chemours' investment will support growing market demand for clean hydrogen generation using water electrolyzers, energy storage in flow batteries, and hydrogen conversion to power fuel cell vehicles of the future.
|
USPH | Hot Stocks07:36 EDT U.S. Physical Therapy acquires two-clinic physical therapy practice - U.S. Physical Therapy announced an acquisition of a two-clinic physical therapy practice. USPH acquired 80% of the equity interests of the physical therapy practice with the practice's owners retaining 20%. The purchase price for the 80% equity interest was approximately $4.2M inclusive of a note payable to the owners of $250,000. The remainder was paid in cash. The business generates more than $2.5M in annual revenue and has approximately 17,000 patient visits per year.
|
IFSPF | Hot Stocks07:36 EDT Interfor to acquire Chaleur Forest Products for C$325M - INTERFOR CORPORATION announced that it has reached an agreement with an affiliate of the Kilmer Group to acquire 100% of the equity interests in the entities comprising Chaleur Forest Products. Chaleur owns two modern and well-capitalized sawmill operations located in Belledune and Bathurst, New Brunswick, with a combined annual lumber production capacity of 350 million board feet. Chaleur also operates a woodlands management division based out of Miramichi that manages approximately 30% of the total Crown forest in New Brunswick. This division provides a secure source of fibre supply for the sawmill operations as well as a stable, long-term stream of cash flow from third-party log sales, licence management fees and silviculture activities.The purchase price is C$325M, on a cash and debt free basis, which includes approximately C$31M of net working capital. In addition, Interfor will assume Chaleur's countervailing and anti-dumping duty deposits at closing, for consideration equal to 55% of the total deposits on an after-tax basis. As of August 31, 2022, Chaleur had paid cumulative CV and AD duties of approximately US$82M. On a proforma basis, Interfor's total annual lumber production capacity will increase to 5.1 billion board feet, of which 44% will be in the US South, 19% in Eastern Canada, 15% in the US Northwest, 15% in British Columbia and 7% in Atlantic Canada. The acquisition will be immediately accretive to Interfor's earnings and is expected to provide attractive returns in both the near-term and over the long-term. Interfor estimates Chaleur's mid-cycle EBITDA to be approximately C$50M per year pre-synergies, taking into account mid-cycle lumber prices and current run-rate performance. Interfor expects to achieve synergies of C$5M per year from combined sales and marketing opportunities, shared purchasing programs and general and administrative expense reductions. These synergies are expected to be fully achieved within twelve months of closing, with no capital requirements. Interfor intends to finance the acquisition with a combination of cash on hand and its existing credit facilities. Following the completion of this acquisition Interfor will continue to have significant financial flexibility to execute its strategic capital investment plans and consider additional value-creating capital deployment options. As of August 31, 2022 Interfor had net debt of approximately C$48M and a Net Debt to Invested Capital ratio of 2%. Proforma the Chaleur acquisition and proforma Interfor's C$100M Substantial Issuer Bid completed on September 12, 2022, Interfor's Net Debt to Invested Capital ratio as of August 31, 2022 would remain below 20%. Similarly, proforma liquidity as of August 31, 2022 would be approximately C$322M, before consideration of significant additional borrowing capacity available under existing credit limits and continued near-term operating cash flows. The completion of the acquisition is subject to Canadian and U.S. regulatory reviews and customary conditions for a transaction of this kind and is expected to close in the fourth quarter of 2022.
|
NCNO | Hot Stocks07:35 EDT nCino launches small business banking solution at PeoplesBank - nCino announced that PeoplesBank is live on nCino's Small Business Banking Solution. The $2.3B-asset PeoplesBank had previously deployed nCino's Commercial Banking Solution, creating a single, cloud-based platform to meet the growing needs of the institution and its clients. "PeoplesBank has done an extraordinary job of leveraging the nCino platform to provide exceptional service for their small business banking clients and help position them for long-term growth and success," said Garrett Adams, General Manager of Small Business at nCino. "We're very excited to continue this journey with PeoplesBank and look forward to further enabling them to support their small business clients and the communities in which they live and work."
|
ALXN... | Hot Stocks07:35 EDT Alexion, AstraZeneca Rare Disease to acquire LogicBio for $2.07 per share - Alexion (ALXN), AstraZeneca Rare Disease, announced that it has entered a definitive agreement to acquire Lexington, Mass.-based LogicBio Therapeutics (LOGC). The proposed acquisition aims to rapidly accelerate Alexion's growth in genomic medicines through LogicBio's unique technology, experienced rare disease R&D team, and expertise in pre-clinical development. LogicBio has developed technology platforms for the delivery and insertion of genes to address genetic diseases, as well as a platform designed to improve viral vector manufacturing processes. These platforms, coupled with LogicBio's team and Alexion's advancements with AstraZeneca (AZN), will drive future scientific possibilities and next generation medicines to treat rare genetic diseases. Under the terms of the agreement, Alexion, through a subsidiary, will initiate a cash tender offer to acquire all outstanding shares of LogicBio for $2.07 per share. Both boards have unanimously approved the transaction. Alexion plans to close the deal in four to six weeks, subject to the tender of at least a majority of the outstanding shares of LogicBio common stock and satisfaction of other closing conditions, and plans to retain LogicBio employees at their current location.
|
NXGL | Hot Stocks07:34 EDT NexGel announces new dat a on SilverSeal published in SAGE journal - NEXGEL announced that SAGE Journals' Scars, Burns and Healing publication has published new data from a study evaluating the impact of NEXGEL's SilverSeal hydrogel dressing on postoperative scarring and complications. The results demonstrated significant scar improvement in patients treated with SilverSeal. Study Design: SilverSeal was used post-surgery as an antimicrobial dressing to evaluate its ability to aid in the healing process. Scarring and complications were evaluated, and follow-up was performed at two, six and 12 weeks post-surgery using the Patient and Observer Scar Assessment Scale, which measures a scar's quality from both the physician and patient's perspective. Results: The treatment group demonstrated statistically significant improvements in the POSAS observer score and observer opinion at six and 12 weeks; Patients in the treatment group reported significantly reduced pain, compared with the control group, at 12 weeks; Patients reported that itching at the surgical site declined over time for both groups, with significantly less itching reported by the treatment group; The scar area considerably decreased for the treatment group compared to the control group at six and 12 weeks. "Surgical incisions all result in scar formation, some more pronounced than others," said Dr. Stephen Brigido, Section Chief of Foot and Ankle Reconstruction and Fellowship Director at the Orthopedic Institute at Lehigh Valley Hospital. "As skin heals and scar formation occurs, patients often experience discomfort such as sharp pain, burning and itching. After 12 weeks of observing these patient groups, we saw noteworthy differences when comparing the control group with the treatment group. We found that patients treated with NEXGEL's SilverSeal hydrogel dressing experienced significantly less negative symptoms and regained their skin functionality quickly. We also found that the overall scar area significantly decreased in patients who used SilverSeal."
|
XAIR | Hot Stocks07:32 EDT Beyond Air announces review of company's third pilot study of inhaled NO - Beyond Air announced that the Annals of the American Thoracic Society published a detailed review of the Company's third pilot study of inhaled nitric oxide, NO, in bronchiolitis patients. The publication offers an overview of the study design and previously announced results, as well as the rationale for conducting a pivotal study. "We're pleased to have published the positive clinical results from our third pilot study of the inhaled NO to treat bronchiolitis in infants in the Annals of the ATS. The results of this study show that high dose inhaled NO given intermittently may be useful in treating patients with moderate to severe bronchiolitis, and supports the need to conduct a larger, confirmatory efficacy study. As previously announced, due to the lingering effects of the pandemic, our bronchiolitis program is on hold and we plan on initiating a study of high concentration inhaled NO to treat viral community-acquired pneumonia using our LungFit Pro system in the fourth quarter of 2023, pending discussions with the FDA," commented Steve Lisi, Chairman and Chief Executive Officer of Beyond Air. On an ITT basis, a significant reduction was observed in the primary endpoint when 150 ppm inhaled NO was compared to 85 ppm inhaled NO and SST alone. No significant difference was observed between 85 ppm NO and the control. For the key secondary endpoint of hospital length of stay, on an ITT basis, the results show statistical significance of the 150 ppm NO arm compared to the other two arms. There was no statistical difference between the 85 ppm NO arm and SST. Also, NO therapy was generally well tolerated. There were no serious adverse events related to NO therapy, with no adverse events leading to discontinuation of NO therapy.
|
OPGN | Hot Stocks07:32 EDT OpGen announces completion of trial enrollment for Unyvero UTI Panel - OpGen announced its completion of patient enrollment for its clinical trial for the Unyvero Urinary Tract Infection Panel. OpGen's Unyvero UTI Panel tests for a broad range of bacterial and fungal pathogens as well as antimicrobial resistance markers directly from native urine specimens. OpGen had recently added a fourth study site in the U.S. to optimize enrollment for different urine sample types to be included in the study, which enabled successful collection of over 1,800 urine samples. Given the complexity and comprehensive nature of the data sets, OpGen expects to conclude data analysis in the next couple of months. Unblinded data for each patient sample will comprise Unyvero UTI Panel results, standard of care microbiology from the clinical trial sites, as well as additional standardized central microbiology data from a reference laboratory.
|
UPTD | Hot Stocks07:30 EDT Estrella Biopharma to go public via merger with TradeUp Acquisition - Estrella Biopharma, a preclinical-stage biopharmaceutical company focusing on cancer therapeutics, and TradeUP Acquisition Corp. announced that they have entered into a definitive business combination agreement on September 30 that will result in Estrella becoming a publicly listed company. Upon closing of the transaction, TradeUP will be renamed "Estrella Immunopharma." The pro forma equity valuation of the Combined Company is expected to be approximately $398.5M. Estimated cash proceeds to the Combined Company from the transaction are expected to consist of TradeUP's approximately $45.4M of cash in trust. Upon the closing of the transaction, and assuming none of TradeUP's public stockholders elect to redeem their shares of common stock and no additional shares of common stock are issued upon the closing of the transaction, it is anticipated that TradeUP's public stockholders would retain an ownership interest of approximately 11.1% in the Combined Company, the sponsors, officers, directors and other holders of TradeUP founder shares will retain an ownership interest of approximately 3.6% of the Combined Company, and the Estrella stockholders will own approximately 81.6% of the Combined Company. The board of directors of each of TradeUP and Estrella as well as stockholders of Estrella approved the transaction, which is expected to close in the first half of 2023. The transaction will require the approval of the stockholders of TradeUP and is subject to other customary closing conditions including the receipt of certain regulatory approvals.
|
OMER | Hot Stocks07:30 EDT Omeros announces royalty monetization with DRI Healthcare Trust, - Omeros announced that Omeros has sold to DRI Healthcare Acquisitions, a wholly owned subsidiary of DRI Healthcare Trust, an interest in certain royalty payments based on net sales of Omidria. The royalties payable to DRI comprise a portion of the royalties projected to be paid under the terms of the asset purchase agreement, among Omeros, Rayner Surgical and Rayner Surgical Group, pursuant to which Omeros sold Omidria and related business assets to Rayner Surgical in December 2021. Omeros received gross proceeds from DRI of $125M upon closing of the sale of the purchased receivables, which was completed pursuant to a royalty purchase agreement between Omeros and DRI, dated September 30. Under the royalty purchase agreement, DRI is entitled to royalties on net sales of Omidria received between September 1 and December 31, 2030, subject to annual caps. Based on the payment schedule and associated caps, not until July 2028 will DRI have been paid an aggregate of $125M, the amount that Omeros has received from DRI. Specifically, the caps are set at $1.67M for the remainder of 2022, $13M for calendar year 2023, $20M for calendar year 2024, $25M for calendar years 2025 through 2028, $26.25M for calendar year 2029 and $27.5M for calendar year 2030. The total payments to DRI throughout the term of the agreement are $188.4M and represent no more than one-third of future royalty payments projected to be paid by Rayner to Omeros through 2030. DRI is not entitled to carry-forward nor recoup any shortfall if the royalties paid by Rayner for an annual period are less than the cap amount applicable to such period. Omeros will retain all royalties received during a given annual period in excess of the respective cap. DRI has no recourse to Omeros' assets other than the purchased receivables and is entitled to payment for the purchased receivables only to the extent of royalty payments actually received, up to the previously described annual caps. Given that this is a partial sale of Omidria royalties, there are no asset pledges or financial covenants. Royalty payments, as received from Rayner, will be allocated between Omeros and DRI each month based on the amount to which DRI is entitled. Monthly caps are determined by dividing the annual cap amount by 12 or, in the case of the partial calendar year 2022, by four. The purchased receivables do not include, and DRI is not entitled to, any portion of the $200M commercial milestone payment payable to Omeros under the asset purchase agreement if, before January 1, 2025, separate payment for Omidria under Medicare Part B is secured for a continuous period of at least four years. Omidria has been granted separate payment in ambulatory surgery centers by the Centers for Medicare and Medicaid Services, or CMS, under CMS' non-opioid alternative pain management exclusion from packaged payment. The most recently reported quarterly net revenues for Omidria were $34.5M for the quarter ended June 30 on which Omeros earned a 50% royalty, or $17.2M, from Rayner.
|
AQN | Hot Stocks07:27 EDT Algonquin Power to sell portfolio of operating wind projects to InfraRed Capital - Algonquin Power announced it has entered into an agreement to sell ownership interests in a portfolio of operating wind projects in the United States and Canada to InfraRed Capital Partners, an international infrastructure investment manager that is part of SLC Management, the institutional alternatives and traditional asset management business of Sun Life Financial. This inaugural asset recycling transaction consists of the sale of a 49% ownership interest in three operating wind facilities in the United States totaling 551 MW of installed capacity and an 80% ownership interest in a 175 MW operating wind facility in Canada. The U.S. Facilities consist of the Odell Wind Facility in Minnesota, the Deerfield Wind Facility in Michigan and the Sugar Creek Wind Facility in Illinois. The Canadian facility is the Blue Hill Wind Facility in Saskatchewan. AQN will continue to oversee day-to-day operations and provide management services to the facilities. Total cash proceeds to AQN from this asset recycling transaction are expected to be approximately $277M for the U.S. Facilities and approximately C$107M for the Blue Hill Wind Facility, subject to customary closing adjustments. Through its ability to develop, manage construction and perform asset management services, upon closing AQN will have added incremental shareholder value from these four wind projects. This first asset recycling transaction highlights the value-creation potential of AQN's greenfield pipeline of 3,800 MW of solar and wind projects and 1,700 MWh of storage projects announced at its December 2021 Investor Day. Asset recycling, leveraging the scale of AQN's existing renewable energy portfolio, is a key component of the previously announced $12.4B capital plan from 2022 through the end of 2026. Closing of the transaction is subject to receipt of certain regulatory approvals and other customary closing conditions. The transaction is expected to close in the fourth quarter of 2022. As a result of this transaction, and projected close by the end of 2022, the company does not intend to issue any equity through the remainder of 2022 and has ceased issuances under its at-the-market- equity program. Further, with the successful signing of this inaugural asset recycling transaction, the company plans to evaluate further asset sales as a core part of its capital plan for 2023 and beyond.
|
PETV ABC | Hot Stocks07:25 EDT PetVivo announces Spryng availability through MWI Animal Health - PetVivo Holdings (PETV) announced today that its signature product Spryng with OsteoCushion Technology is now available for purchase through MWI Animal Health, a subsidiary of AmerisourceBergen (ABC). MWI has Spryng available for sale throughout the United States. Pursuant to an exclusive distribution agreement entered into by PetVivo and MWI, MWI will inventory, market, and promote Spryng throughout the United States.
|
VRT | Hot Stocks07:21 EDT Vertiv Holdings CEO Rob Johnson to retire, Giordano Albertazzi to succeed - Vertiv announced that Rob Johnson, CEO, will retire from his position as CEO for health reasons effective December 31. Effective immediately, Giordano Albertazzi, currently president, Americas, has been appointed into the additional role of COO. Further, Albertazzi will succeed Johnson as CEO and as a director on the board of directors on January 1, 2023.
|
ACON | Hot Stocks07:20 EDT Aclarion appoints John Keller as KOL surgeon advisor - Aclarion announced that John Keller M.D., Chief of Neurosurgery at University of Michigan Health-West and Neurosurgeon at Great Lakes Neurosurgical Associates in Grand Rapids, MI, will advise the company as a Key Opinion Leader in the greater Michigan market. Dr. Keller's addition marks a clear milestone in Aclarion's KOL engagement strategy on its path to recruit 5-10 national KOL surgeons.
|
GDBYF | Hot Stocks07:19 EDT Goodbody Health announces distribution agreement with Tasso - Goodbody Health announces that that it has signed a contract with Tasso. Tasso produces a signature line of virtually painless medical devices to draw a capillary blood sample with no needles and without the need for a phlebotomist, which can then be shipped to an accredited laboratory for analysis using a compatible sample collection reservoir. This will allow more Goodbody Health clinics and wellness locations as well as other healthcare professionals to undertake the tests requiring more blood than is delivered through the finger prick method. Goodbody expects to be rolling the devices out through its growing network of pharmacies in the UK later this year.
|
CLVS | Hot Stocks07:18 EDT Clovis announces TRITON3 trial meets primary endpoint - Clovis announced top-line data from the Phase 3, open-label, multicenter, randomized TRITON3 trial demonstrating that Rubraca monotherapy treatment achieved the primary endpoint of significantly improved radiographic progression-free survival, or rPFS, by independent radiology review, or IRR, compared with the control group, which consisted of physician's choice of docetaxel, abiraterone acetate, or enzalutamide. Benefit was observed in both primary efficacy analyses of patients with chemotherapy-naive metastatic castration-resistant prostate cancer, or mCRPC,: first, those who had mutations in BRCA, as well as all patients randomized in the trial, inclusive of mutations in BRCA or ATM (the overall intent-to-treat population. The safety profile of Rubraca observed in the TRITON3 study was consistent with Rubraca labelling. During the first quarter of 2023, the Company plans to submit a supplemental New Drug Application, or sNDA, to the FDA for the BRCA subgroup of patients and intends to discuss with the FDA submitting for the broader ITT population. TRITON3 is a Phase 3, multicenter, open-label, randomized trial of Rubraca in patients with chemotherapy-naive mCRPC. The study enrolled 405 patients with a mutation in BRCA or ATM who were randomized to Rubraca or the control group, which consisted of physician's choice of docetaxel, abiraterone acetate, or enzalutamide. Approximately 55% of the patients in the control arm received docetaxel. The primary endpoint was rPFS by IRR, in patients with mutations in BRCA1, BRCA2 or ATM. TRITON3 was designed as a Phase 3 trial to confirm and expand the efficacy data from TRITON2 in an earlier treatment setting against a relevant control arm. Patients were required to have disease progression after treatment with one prior next-generation AR-targeted therapy, as well as a deleterious mutation in BRCA or ATM. Following a protocol amendment, patients were permitted to have received a qualifying AR-targeted therapy in either the hormone-sensitive or castration-resistant setting, and as a result, approximately 18% of patients in TRITON3 had received prior AR-targeted therapy in the metastatic hormone-sensitive setting only. The primary efficacy analysis evaluated two prospectively defined molecular sub-groups in a step-down manner: the BRCA subgroup, and all patients randomized in TRITON3, inclusive of those with BRCA or ATM mutations. Following is a summary of the primary efficacy analyses of rPFS by independent radiologic review, or IRR, the primary analysis of TRITON3. The Rubraca arm achieved statistical significance over the control arm for the primary endpoint of rPFS with a hazard ratio of 0.50. The median PFS for the population of patients with BRCA mutations treated with Rubraca was 11.2 months vs 6.4 months among those who received physician's choice. Rubraca also showed statistical significance in all 405 patients randomized in TRITON3. The Rubraca arm successfully achieved statistical significance over the control arm for the primary endpoint of rPFS with a hazard ratio of 0.61. The median PFS for all patients enrolled in TRITON3 and treated with Rubraca was 10.2 months vs 6.4 months among those who received physician's choice. In the exploratory subgroup of men with tumor ATM mutations, the hazard ratio for rPFS was 0.97. Median rPFS in the Rubraca arm was 8.1 months vs 6.8 months in the control arm with a nominal p-value. The hazard ratio for the interim analysis of the secondary endpoint of overall survival, or OS, in the BRCA subgroup and ITT population, which are not yet mature, favored Rubraca. The hazard ratio for OS in the exploratory subgroup of ATM, which is mature, favored the control arm. The 95% confidence intervals for these OS analyses included less than one for the exploratory endpoint ATM, signifying no statistical difference in outcomes between Rubraca and control. The safety profile of Rubraca observed in TRITON3 was consistent with Rubraca labelling. The most common treatment-emergent grade 3 or higher adverse events among all patients treated with Rubraca in the TRITON3 study were anemia/decreased hemoglobin, neutropenia/decreased neutrophil count, asthenia/fatigue, thrombocytopenia/decreased platelet count and increased ALT/AST. The discontinuation rate for TEAEs was 14.8% for Rubraca-treated patients and 21.5% for the control arm. Clovis Oncology will submit an expanded description of the TRITON3 results for presentation in a scientific session at the Prostate Cancer Foundation Annual Scientific Retreat later this month and plans to submit additional data to a medical meeting in early 2023. Rubraca is not currently approved in the chemotherapy-naive mCRPC setting.
|
NTRB | Hot Stocks07:17 EDT Nutriband announces application for dual listing on Upstream - Nutriband announced that it has begun the application process to dual list its shares on Upstream. The planned dual listing on Upstream is designed to provide Nutriband the opportunity to access a global, digital-first investor base that can trade using USDC digital currency along with credit, debit, PayPal, and USD, unlocking liquidity and enhancing price discovery while globalizing the opportunity to invest in NASDAQ-listed Nutriband.
|
BCDA | Hot Stocks07:16 EDT BioCardia presents data from its CardiAMP cell therapy for heart failure trial - BioCardia announces data from its FDA designated Breakthrough CardiAMP Cell Therapy for Heart Failure pivotal trial presented at the Heart Failure Society of America meeting in Washington, D.C.. Peter Johnston, M.D., Assistant Professor of Medicine and Site Principal Investigator at Johns Hopkins University, presented the data, titled "Autologous Cell Therapy for HFrEF: Efficacy Outcomes at Two Years for the Roll-in Cohort of a Phase III Pivotal Trial." In this clinical trial cohort, patient demographics at study start demonstrated characteristics typical of the target population of NYHA class II and III ischemic heart failure patients with reduced ejection fraction. No serious adverse events were observed related to any of the procedures performed. Two-year survival was 100%, and all patients completed 24 months of follow-up. The changes in guideline-directed medical therapy experienced by these patients was presented as minimal during the 2-year study period. Improvement in median functional capacity as measured by six-minute walk distance was observed by six months; with six-minute walk distance maintained through 24 months. In the study, 70% of patients reported improved or stable quality of life over 24 months in the standardized self-assessment questionnaire used. Median left ventricular ejection fraction, LVEF, as measured by the echocardiography core laboratory at Yale School of Medicine was improved at month 24 over baseline, six months, and over 12-month follow-up. Echocardiography evaluated by the core lab also showed recruitment of previously akinetic left ventricular wall segments at month 24 compared to baseline, consistent with the improvements in six-minute walk distance, quality of life, and LVEF through two years follow-up.
|
RWBYF | Hot Stocks07:16 EDT Red White & Bloom announces exclusive agreement for Skybar vape tech - Red White & Bloom Brands announces an exclusive agreement to utilize vape technology provided by Skybar, a leading innovator in vape devices. In addition, the company is pleased to announce the debut of Platinum Vape Disposables. Platinum Vape and Skybar have extensively collaborated in creating a unique device with a custom tank and flavorful exotic terpenes catered specifically for vape consumers. The product has auto-draw technology with a High-Grade Coil and powerful battery, delivering a smooth and consistent experience without charging or setting adjustments. RWB has seen tremendous success on the launch and is proud to announce that PV Disposables are currently available in 250 dispensaries across Michigan.
|
NXTTF | Hot Stocks07:15 EDT Lifeist issues deferred share units - Lifeist Wellness announced that it has issued 353,571 Deferred Share Units to a director in connection with services rendered for calendar quarter Q3 2022 and in accordance with the Company's non-employee director compensation plan and the Company's Deferred Share Unit Plan. The DSUs were priced based on the closing price of the Company's common shares on the TSX Venture Exchange on Friday, September 30, 2022. DSUs align the interests of Company directors with shareholders as DSUs vest immediately but may not be exercised until a director ceases to serve on the Board.
|
RGNX | Hot Stocks07:14 EDT Regenxbio announces 'positive' interim data from trials of RGX-314 - Regenxbio announced a program update from its ongoing clinical investigation of RGX-314 for the treatment of wet AMD, a leading cause of vision loss globally. Regenxbio announced positive interim data from the Phase II AAVIATE trial of RGX-314 for the treatment of wet AMD using suprachoroidal delivery. REGENXBIO also presented positive interim data from the Phase I/IIa long-term follow-up study of RGX-314 for the treatment of wet AMD using subretinal delivery at the American Academy of Ophthalmology annual meeting this past weekend in Chicago. RGX-314 continues to be well tolerated in 85 patients from Cohorts 1-5 with no drug-related serious adverse events; Meaningful reduction in treatment burden at six months across all dose levels, 85% reduction in treatment burden observed at third dose level; 67% of patients in Cohort 4 were injection-free; No meaningful differences in outcomes at six months for patients who are NAb positive; Phase II trial expanded to include new cohort at third dose level with short-course prophylactic ocular steroids following RGX-314 administration.
|
CARG AMZN | Hot Stocks07:13 EDT CarGurus selects AWS as its global cloud infrastructure provider - CarGurus (CARG) announced its selection of Amazon Web Services (AMZN), AWS, as its global cloud infrastructure provider. Under the multi-year deal, CarGurus will leverage AWS's proven infrastructure and portfolio of services to support product innovation and development in the online car-shopping process. With the AWS collaboration, website visitors can expect to experience performance improvements, with car searches already performing faster than before. CarGurus' internal development teams will also have more flexibility in delivering products and features to end customers with quicker and more secure deployment. "Migrating to AWS provides our teams with more agility and flexibility, allowing us to rapidly scale to meet our business growth goals and increasing customer demand," said Matt Quinn, Chief Technology Officer of CarGurus. "AWS also provides our engineering team with many exciting new technology options that will help unlock our ability to experiment and innovate so CarGurus can give everyone the power to reach their destination."
|
TRGP | Hot Stocks07:13 EDT Targa Resources releases sustainability report - Targa Resources announced that its Sustainability Report for 2021 is now available on the Company's website. The report advances Targa's sustainability disclosures and provides a review of Targa's performance for calendar year 2021 against various environmental, social, and governance topics that are important to our industry. Highlights of Targa's Sustainability Report for the 2021 calendar year include the following: Reduced scope 1 plus scope 2 GHG intensity by 12%; Reduced flaring volumes from emissions events by 40%; Exported approximately 4.9 billion gallons of liquefied petroleum gas globally in 2021 that can offset higher GHG-emitting fuels; Completed aerial methane detection on 13,000 miles of pipelines and 162 surface facilities in the Permian; Decreased its preventable vehicle accident rate by 31%; Received the International Liquid Terminals Association safety excellence award for the second year in a row; 25% of our Board of Directors were women; and 17% of our Board of Directors were from traditionally under-represented racial or ethnic groups; Our Board-level Sustainability Committee continues to oversee management's implementation of strategy to integrate sustainability into various business activities to create long-term stakeholder value. The report references the Global Reporting Initiative Standards and Sustainability Accounting Standards Board Oil & Gas - Midstream Standard.
|
GNRC | Hot Stocks07:12 EDT Generac, EODev announce formal distribution agreement - Generac and EODev, a French developer and manufacturer of zero-emission hydrogen fuel cell power generators, announced a formal distribution agreement. Generac will offer EODev's GEH2 - a large-scale, zero-emissions hydrogen fuel cell power generator - to the North American market. The distribution agreement signifies the continued growth and availability of alternative energy solutions for the industrial power sector, which addresses a pioneering market in the transition to low-carbon and emission-free power solutions. This collaboration emphasizes Generac's Powering A Smarter World strategic focus and equally expands EODev's presence in the North American market with its cutting-edge, one-of-a-kind hydrogen fuel cell power generators.
|
BITF | Hot Stocks07:11 EDT Bitfarms mines 481 new bitcoin in September - Bitfarms provided a Bitcoin production and mining operations update for September 2022. "Reaching 4.2 exahash/second, we achieved our September 30, 2022 target operating hashrate," said Ben Gagnon, Chief Mining Officer of Bitfarms. "During September, we mined 481 BTC, averaging 16 BTC mined per day and exited the month at 17 BTC mined per day. Our increased capacity continues to deliver growth, even while network difficulty increased as much as 13%. A higher network hashrate, due in part to previously idle miners coming back online, and the shorter 30-day month were the primary drivers of lower monthly production compared to August. In the first nine months of 2022, we mined 3,733 BTC, surpassing 2021 full-year production of 3,452 BTC by 8% heading into Q4. With 229 MW planned to be developed by the end of the year, we are well positioned to further grow production in 2023." Mining production in September 2022: 4.2 EH/s online as of September 30, 2022; 3.95 EH/s average online for month of September; 481 new BTC mined; 16.0 BTC mined daily on average.
|
MCD DIS | Hot Stocks07:11 EDT McDonald's elects Kareem Daniel to board of directors - McDonald's (MCD) announced that its Board of Directors has elected Kareem Daniel as an independent Director of the Board, effective October 1. Daniel currently serves as Chairman, Disney Media and Entertainment Distribution at The Walt Disney Company (DIS), where he leads the organization that delivers Disney's storytelling to fans and families around the world.
|
CLBT DOX | Hot Stocks07:11 EDT Cellebrite appoints Ayala Berler Shapira as general counsel - Cellebrite (CLBT) announced that Ayala Berler Shapira has been named General Counsel of the company. As part of the company's further growth Ayala Berler Shapira will strategically manage all legal aspects and will assume complete responsibility and lead the legal and compliance organization of Cellebrite. She will be a member of Cellebrite's executive management team. Prior to joining Cellebrite, Ayala served as Deputy GC of Amdocs (DOX), where she led the global business and corporate legal domains, supported the company's M&A activity, and served as Head of Compliance.
|
NOTE | Hot Stocks07:10 EDT FiscalNote acquires DT-Global Business Consulting, terms undisclosed - FiscalNote announced it has acquired the core operating assets and book of business of DT-Global Business Consulting, a Vienna, Austria subscription-based market intelligence company which provides in-depth expertise and analysis for the Central & Eastern Europe, or CEE, Commonwealth of Independent States, or CIS, and Middle East-Africa, or MEA, areas. Founded in 2009 by founder and president Daniel Thorniley, DT-Global is a firm which provides market intelligence and geopolitical analysis about the CEE, CIS, and MEA regions, and operates the largest network of senior executives of multinational corporations with a presence in the area. Thorniley will continue his leadership role at DT-Global.
|
IPSC... | Hot Stocks07:09 EDT Century Therapeutics appoints Daphne Quimi, Timothy Walbert to board - Century Therapeutics (ISPC) announced the appointment of Daphne Quimi and Timothy Walbert to the Company's Board of Directors. Ms. Quimi is CFO of Amicus Therapeutics (FOLD) and brings experience in public accounting and financial reporting to Century. Mr. Walbert is currently Chairman, President, and CEO of Horizon Therapeutics (HZNP), and brings expertise in product portfolio building and commercialization. In conjunction with these new appointments, Century also announced that Eli Casdin, CIO of Casdin Capital, has resigned from the Board of Directors, effective as of October 1, 2022.
|
AVAC | Hot Stocks07:08 EDT Avalon, The Beneficient announce satisfaction of condition for combination - The Beneficient Company and Avalon Acquisition announced that Beneficient has delivered to Avalon its audited financials for calendar years 2020 and 2021, along with the transition period ended March 31, 2022, to Avalon. The audited financials for the period ended March 31, 2022, which reflect the seventh fiscal period of audited financials for Beneficient, reflect the Company's change in its fiscal year end date to March 31 to better align with its industry's practices. On September 21, 2022, it was announced that Avalon entered into a business combination agreement with Beneficient, which, upon closing, would result in Beneficient becoming a publicly listed company. Craig Cognetti, Chief Executive Officer of Avalon, commented: "By bringing Beneficient into the public market, we believe we can position its innovative solutions to redefine an industry that has historically been costly and opaque for individual investors and smaller institutions seeking liquidity. The delivery of Beneficient's audited financials represents an important step in closing our transaction and realizing our vision."
|
AURA | Hot Stocks07:07 EDT Aura Biosciences announces interim belzupacap sarotalocan study results - Aura Biosciences announced that interim Phase 2 data evaluating the safety and efficacy of suprachoroidal, or SC, administration using its first VDC product candidate, belzupacap sarotalocan, for the first-line treatment of patients with early-stage choroidal melanoma (indeterminate lesions and small choroidal melanoma, were presented at the American Academy of Ophthalmology, or AAO, 2022 Annual Meeting held September 30-October 3, 2022, in Chicago, Illinois. This Phase 2 trial is assessing the safety and preliminary efficacy of single- and multiple ascending-doses of belzupacap sarotalocan up to three cycles of treatment via SC administration for the first-line treatment of early-stage choroidal melanoma. A total of 20 adult patients have been enrolled in the trial including the single dose Cohorts 1-3 and multiple dose escalation Cohorts 4-6 . Cohorts 5 and 6 received up to three cycles of therapy, which was considered the therapeutic regimen for evaluation. One patient in Cohort 5 received two cycles of therapy and two patients in Cohort 5 received three cycles of therapy. All patients from Cohort 6 received three cycles of therapy at the highest dose. One patient from Cohort 6, who discontinued after one cycle due to unrelated serious adverse events, or SAEs, is not included. All patients in Cohorts 5 and 6 had active growth at study entry, as an enrichment strategy to evaluate preliminary efficacy. This group of patients with active growth treated at the therapeutic regimen of three cycles was evaluated for tumor growth rate, tumor control, and visual acuity preservation as the defined clinical endpoints to evaluate preliminary efficacy. These endpoints have been discussed with the U.S. Food and Drug Administration and are planned to be used in the pivotal program. The results, with an average of six months follow up in patients that received three cycles of therapy in Cohorts 5 and 6, showed a statistically significant reduction in the tumor growth rate compared to each patient's documented growth rate at study entry, and an 88.9% tumor control rate. In addition, the visual acuity preservation rate was 88.9% in these cohorts, with the majority of patients being at high-risk for vision loss with tumors close to fovea or optic disk. The overall safety profile of belzupacap sarotalocan was generally favorable, with no dose-limiting toxicities or treatment-related SAEs reported as of August 19. There was no posterior inflammation and only mild anterior inflammation in 20% of the patients. Treatment-related AEs were predominantly mild and resolved without sequalae. We believe these interim results indicate that belzupacap sarotalocan may offer a targeted vision preserving therapy for the first-line treatment of primary CM, where 80% of patients are diagnosed early and have no approved therapies to date.
|
XOS | Hot Stocks07:06 EDT Xos delivers 65 vehicles to merchants fleet in Q3 of 2022 - Xos announced it has delivered 65 of its 100% battery-electric stepvan to return customer Merchants Fleet. The vehicles have been split between Antioch in Northern California and Alhambra in Southern California. This brings the total number of Xos stepvans delivered to Merchants Fleet to 123. "Merchants Fleet has continued to push the envelope in fleet electrification and serves as a role model for the industry," said Jessica Savage, Head of Distribution at Xos. "We've enjoyed partnering with them over the past several years to electrify their fleet and help them achieve their sustainability goals." Looking ahead, Merchants plans to electrify 50% of its mobility portfolio by 2025 and electrify 50% of its fleet portfolio by 2030.
|
ARVN BMY | Hot Stocks07:06 EDT Arvinas appoints Paul McInulty as SVP, regulatory affairs - Arvinas (ARVN) announced that Paul McInulty has joined the company as Senior Vice President, Regulatory Affairs. He recently served as Vice President, Therapeutic Head, Hematology and Precision Medicines Regulatory Affairs at Bristol Myers Squibb (BMY).
|
NUWE | Hot Stocks07:05 EDT Nuwellis announces results of AVOID-HF study presented at HFSA 2022 meeting - Nuwellis announced the results of the AVOID-HF clinical study analysis presented at the Heart Failure Society of America's. HFSA, 2022 Annual Scientific Meeting. The results of the analysis performed using the Finkelstein-Schoenfeld method of Win-Ratios demonstrated a statistically superior benefit when using ultrafiltration over diuretics for fluid-overloaded heart failure patients. The AVOID-HF outcomes were evaluated using a composite endpoint consisting of cardiovascular mortality within 90 days, heart failure events within 30-days, and time-to-first HF event within 90 days. Adjustable Ultrafiltration was statistically superior compared to Adjustable IV Loop Diuretics with 81% more wins. A secondary WR analysis was also performed with a composite endpoint consisting of CV mortality within 30 days, HF events within 30-days, and time-to-first HF event within 90 days and found that AUF was statistically superior to ALD with 109% more wins. Results from this analysis are aligned with multiple systematic reviews that have demonstrated adjustable ultrafiltration to be more effective than diuretics in fluid removal, weight loss, and reducing hospital readmissions. "The results of this analysis support the clinical benefits of providing ultrafiltration with the Aquadex System in reducing readmissions and rehospitalization in fluid overloaded heart failure patients," said Nestor Jaramillo, Jr., President and CEO of Nuwellis. "The Aquadex System creates the potential to provide significant cost savings to hospitals and the health care system, but more importantly, improved quality of life for many patients. We're grateful to Drs. Pinney, DeVita, and Costanzo, the authors of this manuscript, for leading this reanalysis of the AVOID-HF data. Nuwellis is committed to making Aquadex therapy the standard of care for fluid management in heart failure patients that are unresponsive to diuretics."
|
RDHL | Hot Stocks07:05 EDT RedHill Biopharma: Opaganib, RHB-107, inhibit Omicron sub-variant BA.5 - RedHill Biopharma announced study results showing in vitro efficacy against the currently dominant Omicron COVID-19 sub-variant BA.5, by both of RedHill's novel, oral, host-directed and broad-acting investigational antivirals, once-daily RHB-107 and twice-daily opaganib. These results build on previously reported data on the inhibition of COVID-19, variants of concern and other viruses, and further support their broad-acting, host-directed mechanisms of action. The study was done in collaboration with renowned virologist, Dr. Colleen B. Jonsson, Harriet Van Vleet Professor of Virology, Director of the Regional Biocontainment Laboratory, and Director of the Institute for the Study of Host-Pathogen Systems at the University of Tennessee Health Sciences Center, who remarked: "We tested RHB-107 and opaganib using a primary human nasal epithelial cell culture model of Omicron BA.5, which was specifically selected due to the high level of SARS-CoV-2 entry factor expression in these cells. The results of our work show that both RHB-107 and opaganib inhibit Omicron sub-variant BA.5 viral replication, which is indicative of antiviral activity. Of further interest is the hypothesis that, compared to Delta, Omicron replication is increased as compared to primary epithelial lung cell cultures - hinting at a different possible mechanism of cell entry via membrane fusion and the endocytic pathway. Although we may be potentially dealing with different methods of viral cell entry, these new data suggest that it does not prevent either RHB-107 or opaganib from exerting their viral inhibition capabilities."
|
ENTA | Hot Stocks07:04 EDT Enanta initiates EDP-938 trial - Enanta announced the initiation of a Phase 2b, randomized, double-blind, placebo-controlled study to evaluate the efficacy and safety of EDP-938, its novel N-protein inhibitor, in adults with acute respiratory syncytial virus, or RSV, infection who are at high risk of complications, including the elderly and/or those with congestive heart failure, chronic obstructive pulmonary disease or asthma.
|
ROK | Hot Stocks07:03 EDT Rockwell Automation to acquire Cubic, terms undisclosed - Rockwell Automation announced that it has signed a definitive agreement to acquire Cubic, a company that specializes in modular systems for the construction of electrical panels. Cubic, founded in 1973, is headquartered in Bronderslev, Denmark. Cubic's established partner model will allow Rockwell to build an expanded Partner Network for intelligent motor control offerings in Asia, Europe, and Latin America. The company will bring new customers and partners in hybrid and process industries. Additionally, Cubic will broaden Rockwell's market access in renewable energy and data center solutions. At close, Cubic will report to Rockwell's Power Control Business in the Intelligent Devices operating segment. Cubic is expected to report more than $75M in sales in fiscal year 2022, which ended September 30. The transaction is subject to customary regulatory approval and is expected to close by the end of 2022.
|
TNXP | Hot Stocks07:03 EDT Tonix Pharmaceuticals announces IND clearance for TNX-601 ER - Tonix Pharmaceuticals announced the U.S. Food and Drug Administration. FDA, has cleared the Investigational New Drug, IND, application to support a Phase 2 clinical trial with TNX-601 ER, a once-daily formulation of tianeptine as a potential treatment for major depressive disorder. Tianeptine is a new molecular entity in the U.S. that is being developed under the 505 pathway. "This is an important milestone as we advance TNX-601 ER into clinical development," said Seth Lederman, M.D., Chief Executive Officer of Tonix Pharmaceuticals. "TNX-601 ER is a novel, oral, extended-release once-daily tablet. Studies from across the globe conducted over more than 30 years show that immediate-release tianeptine sodium formulations have comparable efficacy to SSRIs and TCAs, fewer drug-drug interactions, and are associated with a lower incidence of sexual dysfunction compared with SSRIs, SNRIs and TCAs. We expect that our new once-daily formulation will maintain these properties while also providing convenience and adherence advantages over the three-times-a-day dosing of these IR tianeptine sodium products. We expect to initiate the Phase 2 trial in MDD in the first quarter of 2023, with the potential for additional future indications in posttraumatic stress disorder and neurocognitive dysfunction from corticosteroids."
|
VERO | Hot Stocks07:02 EDT Venus Concept CEO Domenic Serafino departs, Rajiv De Silva succeeds - Venus Concept announced that Rajiv De Silva has been appointed as the Company's CEO and a member of the Board of Directors, effective October 2, 2022. The Company also announced the separation of Domenic Serafino as CEO and Director, effective October 2, 2022. This separation was not the result of any specific disagreement about strategy with management or the Board, inappropriate action, violation of company policy or any accounting irregularity. De Silva currently serves as the Chairman of Covis Pharma, a privately-held, multinational specialty pharmaceutical company, and is a co-founder of Asiri Skincare, a privately-held company focused on topical consumer therapeutic skincare products.
|
LOGC AZN | Hot Stocks07:03 EDT Alexion, AstraZeneca Rare Disease to acquire LogicBio Therapeutics for $2.07 p/s - LogicBio Therapeutics (LOGC) announced that it has entered into a definitive agreement under which AstraZeneca Rare Disease (AZN) will acquire LogicBio. The proposed acquisition brings LogicBio's unique technology, experienced rare disease R&D team, and expertise in pre-clinical development to support Alexion's growth in genomic medicines. Under the terms of the agreement, Alexion, through a subsidiary, will initiate a cash tender offer to acquire all outstanding shares of LogicBio for $2.07 per share. Both boards have unanimously approved the transaction. Alexion plans to close the deal in four to six weeks, subject to the tender of at least a majority of the outstanding shares of LogicBio common stock and satisfaction of other closing conditions, and plans to retain LogicBio employees at their current location.
|
CALA | Hot Stocks07:01 EDT Calithera Biosciences receives FDA Fast Track designation for CB-228 - Calithera Biosciences announced that the U.S. Food & Drug Administration, FDA, has granted Fast Track designation for the company's investigational mTORC 1/2 inhibitor sapanisertib, CB-228, for the treatment of adult patients with unresectable or metastatic squamous non-small cell lung cancer whose tumors have a mutation in nuclear factor erythroid 2-related factor and who have received prior platinum-based chemotherapy and immune checkpoint inhibitor therapy. "While there have been significant advances in targeted treatments for lung cancer, little progress has been made specifically for patients with squamous lung cancer. In addition, we know that patients with lung cancers that harbor mutations in the NRF2/KEAP1 pathway typically have poorer outcomes than those whose tumors do not have these mutations," said Susan Molineaux, chief executive officer of Calithera. "This Fast Track designation allows for a variety of benefits, including the possibility of priority review of sapanisertib as we seek to provide a first-in-class treatment option that may help address the major unmet need in this patient population."
|
PLTR | Hot Stocks07:00 EDT Palantir, Concordance announce partnership - Palantir Technologies and Concordance Healthcare Solutions announced a partnership to power the first, fully integrated medical supply chain ecosystem - bringing together inventory and supply chain data from manufacturers, suppliers, distributors, and providers into one cohesive, real-time system.
|
FLR | Hot Stocks06:58 EDT Fluor awarded two projects for BASF Zhanjiang Verbund site project in China - Fluor that the company was awarded two reimbursable engineering, procurement and construction management contracts by BASF for the ethylene oxide/ethylene glycol and infrastructure, offsites and utilities packages as part of the company's new Verbund program in Zhanjiang, Guangdong province, China. The contract value to Fluor is more than $2B and was booked in the third quarter of 2022. Fluor's project scope of work for BASF's Zhanjiang Verbund site project consists of two primary packages including the ethylene oxide/ethylene glycol derivative unit and the infrastructure, offsites and utilities scope, comprised of site infrastructure, utility generation and site logistics. Fluor is also performing services as part of the centralized program management team activities. The project will be led by Fluor's Shanghai, China, office.
|
ACM | Hot Stocks06:55 EDT Aecom selected to work on Melbourne Airport Rail project - Aecom announced it has been selected as part of a preferred consortium to deliver a major package of work for the Melbourne Airport Rail project, a new rail connection between central Melbourne and Melbourne Airport that will greatly enhance connectivity in and beyond Victoria, Australia. The consortium has formed the Sunshine Systems Alliance, and includes AECOM, KBR, Alstom, John Holland, CPB Contractors, Metro Trains Melbourne, V/Line, and Rail Projects Victoria.
|
EGRX | Hot Stocks06:53 EDT Eagle Pharmaceuticals, Enalare announce FDA orphan designation for ENA-001 - Eagle Pharmaceuticals and Enalare Therapeutics announced that the U.S. FDA has granted Orphan Drug Designation to ENA-001 for the treatment of Apnea of Prematurity, a new chemical entity with a novel mechanism of action as a respiratory stimulant. AoP is a development disorder attributed to immaturity of the pulmonary system characterized by either cessation of breathing for more than 20 seconds or cessation of breathing that lasts less than 20 seconds but is accompanied by either bradycardia or hypoxemia. The condition affects approximately 25% of all preterm infants. ENA-001 is designed to work peripherally by inhibiting Big Potassium ion channels in the carotid bodies, which are located in the neck. By inhibiting these channels, ENA-001 utilizes the body's own ventilation control system to stimulate breathing and it does so across multiple causes of respiratory depression.
|
FXLV | Hot Stocks06:51 EDT F45 Training confirms receipt of unsolicited buyout proposal from Kennedy Lewis - F45 Training confirmed that on September 30, it received an unsolicited preliminary non-binding proposal from Kennedy Lewis Investment Management LP to acquire all of the outstanding shares of common stock of the company, not already beneficially owned by KLIM or other stockholders participating in the proposed transaction, at a price per share equal to $4.00 in cash. Consistent with its fiduciary duties, the company's Board of Directors will evaluate KLIM's proposal with its advisors and pursue the course of action it determines to be in the best interests of the company and its stockholders. F45 shareholders need to take no action at this time. There is no certainty that any transaction will be consummated, and F45 does not intend to comment further until the Company's Board of Directors has concluded its review. The proposal was required to be disclosed by KLIM under Regulation 13D by the U.S. Securities and Exchange Commission.
|
GTN | Hot Stocks06:48 EDT Gray Television announces additional voluntary paydown of debt - In light of continued strong cash flow, for the second quarter in a row, Gray Television returned a significant amount of capital to its shareholders during the quarter ending September 30 through cash dividends and repayment of debt. These payments were comprised of a voluntary principal payment of $100M under Gray's 2017 Term Loan B (due 2024), as well as a required principal payment of $3.75M under the 2021 Term Loan D (due 2028), both of which were made on September 30, and $20M of cash dividends to our preferred and common shareholders, which were made earlier in the quarter. Gray continues to anticipate that continued strong cash flow will enable the company to fund additional de-leveraging and cash dividend payments throughout the remainder of this year. The company's financial results for the third quarter have not yet been completed, and that process is ongoing. The company expects to report its financial results for the quarter in approximately four weeks.
|
SQZ | Hot Stocks06:46 EDT SQZ Biotechnologies publishes preclinical research on SQZ AAC platform - SQZ Biotechnologies announced the publication of preclinical research on the SQZ Activating Antigen Carrier platform. The data, published in Frontiers in Immunology, demonstrated that the company's Cell Squeeze platform can be used to generate AACs by engineering red blood cells with antigen and adjuvant that can drive antigen-specific activation of T cells both in mouse in vivo and human in vitro systems. The study also used a mouse tumor model to show that the efficacy of the AAC therapy could be further enhanced by combining with the chemotherapeutic agent, Cisplatin. "This paper demonstrates the potential of our technology to generate an effective red blood cell-derived cancer immunotherapy," said Howard Bernstein, M.D., Ph.D., Chief Scientific Officer at SQZ Biotechnologies. "The ability of the Cell Squeeze(R) platform to engineer RBCs to leverage the natural process of RBC clearance for T cell activation represents a promising new therapeutic approach to cancer treatment. We look forward to building on these preclinical results in our ongoing Phase 1/2 clinical trial."
|
RIG KITT | Hot Stocks06:46 EDT Salunda enters exclusive HaloGuard agreement with Transocean - Salunda has announced an exclusive license agreement with Transocean (RIG) to make, develop and sell HaloGuard, the offshore drilling industry's first safety system that integrates camera and sensor technology with drilling equipment and machine controls. Under this agreement, Salunda holds an exclusive license for all of Transocean's patented zone management methods and technologies in all fields and markets. HaloGuard core functionality is comprised of robotics perception techniques that are responsive to the dynamic environmental conditions of an offshore drilling operation. HaloGuard provides communication and event trigger management between drilling equipment and other systems, such as Salunda's Crew Hawk system. Transocean's patented HaloGuard methodology and technology are licensed exclusively to Salunda. HaloGuard was developed by Nauticus Robotics (KITT) with Salunda. The HaloGuard system is now operational on multiple rigs.
|
ED RWEOY | Hot Stocks06:43 EDT Con Edison agrees to sell renewable energy units in deal valued at $6.8B - Consolidated Edison (ED) on Saturday announced that it entered into a purchase and sale agreement pursuant to which Con Edison agreed to sell its interest in its wholly-owned subsidiary, Con Edison Clean Energy Businesses, Inc. and its subsidiaries to RWE Renewables Americas, LLC, a subsidiary of RWE Aktiengesellschaft (RWEOY). The transaction is valued at $6.8B, subject to certain customary adjustments. The transaction is subject to customary closing conditions, including, among other things, expiration or early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended and approvals by the Committee on Foreign Investment in the United States and the Federal Energy Regulatory Commission. The transaction is not subject to a financing condition. The transaction is expected to close in the first half of 2023, subject to satisfaction of the foregoing conditions, among other things. In light of the pending transaction, Con Edison intends to forego its previously announced plan to issue up to $850M of common equity in 2022 and withdraws its equity guidance for 2023 and 2024. "The transaction we announced today will allow Con Edison to sharply focus on our core utility businesses and the investments needed to lead New York's ambitious clean energy transition," said Timothy P. Cawley, Chairman and CEO of Con Edison. "RWE, in turn, is well positioned to accelerate the growth of renewable energy across the United States."
|
LVS... | Hot Stocks06:37 EDT Macau reports September casino revenue down 49.6% to 2.96B patacas - Macau's gaming bureau reported September gross revenue from games of fortune in the region was down 49.6% year-over-year to 2.962B patacas. Publicly traded companies in the Macau gaming space include Las Vegas Sands (LVS), MGM Resorts (MGM), Wynn Resorts (WYNN) and Melco Resorts (MLCO). Reference Link
|
AXSM | Hot Stocks06:35 EDT Axsome Therapeutics: Sunosi met the primary endpoint in the SHARP study - Axsome Therapeutics announced that Sunosi met the primary endpoint in the SHARP study and significantly improved cognitive function, measured using the Digit Symbol Substitution Test subtest of the Repeatable Battery for the Assessment of Neuropsychological Status, as compared to placebo in cognitively impaired patients with excessive daytime sleepiness associated with obstructive sleep apnea. Superiority of Sunosi as compared to placebo was further demonstrated using patient-reported measures of cognitive function. In the study, Sunosi replicated previous findings by significantly reducing EDS symptoms as compared to placebo. On the study's primary endpoint, Sunosi demonstrated statistically significant improvement in cognitive function compared to placebo as assessed by the change from baseline on the DSST RBANS, with an effect size of 0.36. The DSST RBANS is an objective neuropsychological test that assesses executive function, processing speed and attention. Statistically significant improvement in cognitive function with Sunosi treatment was also demonstrated using the British Columbia Cognitive Complaints Inventory overall score compared to placebo, with an effect size of 0.43. The BC-CCI is a patient-reported test that assesses domains of memory, concentration, trouble expressing thoughts, word finding, and problem solving. Sunosi significantly improved EDS symptoms compared to placebo, as measured by the Epworth Sleepiness Scale. The improvement on the ESS with Sunosi treatment was approximately twice that observed with placebo, with an effect size of 0.50. The most commonly reported adverse events with Sunosi treatment (incidence greater than or equal to3%) were nausea (6.9%) and anxiety (3.4%). The study completion rate was 96.7% for patients randomized to each treatment sequence.
|
CMS | Hot Stocks06:34 EDT CMS Energy upgrades Freedom Compressor Station - Consumers Energy has upgraded a piece of the system supplying natural gas to Michigan homes and businesses. The company finished installing five new units this fall to safely transport natural gas to customers and storage fields as part of a $260M overhaul to the Freedom Compressor Station in Washtenaw County. The project is part of Consumers Energy's Natural Gas Delivery Plan, a 10-year, $11B road map to make its gas system even more safe, reliable, affordable and clean. The new, high-tech compressor units which replaced equipment dating to the 1940s will help Consumers Energy monitor and adjust gas flow more easily and run more efficiently to reduce air emissions.
|
CI | Hot Stocks06:32 EDT Cigna expands Medicare Advantage plans for 2023 - Cigna announced it will grow and diversify its Medicare portfolio to offer more customers and communities their choice of quality, affordable health care options. During this year's Annual Election Period, or AEP, which begins October 15, Cigna will offer Medicare Advantage, or MA, plans with enhanced features and benefits in 581 counties within 28 states, growing its geographic presence by 22 percent. Cigna has also doubled the size of its MA provider network over the past two years, including significantly increasing the number of available specialists.
|
IR | Hot Stocks06:31 EDT Ingersoll-Rand acquires Dosatron International for $90M in cash - Ingersoll Rand has acquired Dosatron International L.L.C. and Dilution Solutions L.L.C. for an all-cash upfront purchase price of approximately $90M, with additional future consideration of up to $15M. Based in Clearwater, Fla., Dosatron International is a technology solutions provider of water powered dosing pumps and systems in North America, with an established presence in attractive end markets including hydroponics, horticulture, animal health, food safety and sanitation, and water treatment. The company has approximately 45 employees and will join Ingersoll Rand's Precision and Science Technologies segment.
|
VRSK | Hot Stocks06:22 EDT Verisk Analytics sees insured losses from Hurricane Ian $42B-$57B - Verisk estimates that insured losses to onshore property for Hurricane Ian will range from $42B-$57B. The industry loss estimate from Verisk Extreme Event Solutions includes estimated wind, storm surge, and inland flood losses resulting from Ian's landfalls in both Florida and South Carolina. The loss estimate excludes certain elements, such as losses to the National Flood Insurance Program and any potential impacts of litigation or social inflation, that could cause the total insured industry loss to exceed $60B. Wind damage of $38B-$51B comprises the majority of the loss estimate. Storm surge account for $3B-$5.5B of the loss estimate, and inland flood less than $1B. Approximately 1% of the total industry loss will come from the impacts of Ian's South Carolina landfall.
|
ENSG | Hot Stocks06:06 EDT Ensign Group acquires skilled nursing facility in South Carolina - The Ensign Group announced that it acquired the operations of Oak Harbor Healthcare, a 132-bed skilled nursing facility located in Mount Pleasant, South Carolina, and Oak View Health and Rehabilitation, a 190-bed skilled nursing facility located in Conway, South Carolina. The acquisition was effective October 1.
|
ENSG | Hot Stocks06:06 EDT Ensign Group acquires several skilled nursing facilities in Texas - The acquisitions were effective October 1. Each of these acquisitions will be subject to a long-term, triple net lease.
|
ENSG | Hot Stocks06:05 EDT Ensign Group acquires skilled nursing facility in Arizona - The Ensign Group announced that it acquired the real estate and operations of Fountain Hills Post Acute, a 64-bed skilled nursing facility located in Fountain Hills, Arizona. The real estate was acquired by a subsidiary of Standard Bearer Healthcare REIT, Ensign's captive real estate company, and the acquisition was effective October 1.
|
HIW | Hot Stocks06:04 EDT Highwoods Properties reports no 'notable damage' from Hurricane Ian - Highwoods Properties reports after having conducted a thorough assessment of its Florida, Georgia, North Carolina and Tennessee properties that its assets have not sustained any notable damage. All building utilities are operational, minor clean-up was completed over the weekend and all properties will open as normal this morning.
|
SOL | Hot Stocks06:03 EDT ReneSola closes sale of 70 MW portfolio of solar development projects - ReneSola announced that it closed the sale of a 70 MW portfolio of solar development projects to funds managed by AB CarVal Investors, an alternative investment fund headquartered in Minneapolis, Minnesota. The portfolio consists of three ground-mounted utility scale projects in Pennsylvania located in the broader PJM transmission territory. The projects are being sold at the "Notice to Proceed" stage, and AB CarVal will complete the construction and retain long-term ownership.
|
IDCC | Hot Stocks06:03 EDT InterDigital announces patent license agreement with major technology firm - InterDigital announced it has entered into a patent license agreement with a major technology company.
|
KBR | Hot Stocks06:02 EDT KBR awarded technology contract by Tecnimont - KBR announced that it has been awarded a technology contract by Tecnimont for OCI NV's low-carbon blue ammonia project in the United States. Under the terms of the contract, KBR will supply the technology license, basic engineering design, proprietary equipment and catalyst for the 1.1M ton per annum blue ammonia plant. Targeting completion by 2025, the project will be designed to transition from blue to green ammonia production as green hydrogen becomes available at larger scale in the future. KBR has licensed and designed 252 grassroots ammonia plants since 1944.
|
INCY | Hot Stocks06:02 EDT Incyte to acquire Villaris Therapeutics for upfront payment of $70M - Incyte announced that the company has entered into an agreement to acquire Villaris Therapeutics, an asset-centric biopharmaceutical company seeded by Medicxi and focused on the development of novel antibody therapeutics for vitiligo. Its lead asset, auremolimab, an anti-IL-15Rbeta monoclonal antibody, is expected to enter clinical development in 2023. Under the terms of the agreement, Incyte will acquire Villaris and the exclusive global rights to develop and commercialize auremolimab for all uses, including in vitiligo and other autoimmune and inflammatory diseases. Incyte will make an upfront payment of $70M, and Villaris shareholders will be eligible for up to $310M upon achievement of certain development and regulatory milestones, as well as up to an additional $1.05B in commercial milestones on net sales of the product. The agreement is subject to clearance by the U.S. antitrust authorities under the Hart-Scott-Rodino Act and will become effective as soon as this condition has been met.
|
MESO | Hot Stocks05:25 EDT Mesoblast submits new information to FDA in response to remestemcel-L CRL - Mesoblast announced that it has submitted to the FDA substantial new information on clinical and potency assay items identified in the Complete Response Letter, or CRL, received from FDA in September 2020 to the Biologics License Application, or BLA, for remestemcel-L in the treatment of children with steroid-refractory acute graft versus host disease, or SR-aGVHD. Mesoblast has maintained an active dialog with the FDA since receiving the CRL, and the substantial new information submitted to the Investigational New Drug, or IND, file for remestemcel-L in the treatment of children with SR-aGVHD, as guided by FDA, represents a major milestone in the company's complete response to the FDA. Remestemcel-L has been granted Fast Track Designation and BLA Priority Review from the FDA. Survival outcomes have not improved over the past two decades for children or adults with the most severe forms of SR-aGVHD. The lack of any approved treatments for children under 12 means that there is an urgent need for a therapy that improves the dismal survival outcomes in children.
|
CXM | Hot Stocks05:23 EDT Sprinklr to expand operations in Singapore - Sprinklr announced that the company will expand operations in Singapore. Supported by the Singapore Economic Development Board, or EDB, Sprinklr plans to more than quadruple the size of the company's Research and Development, or R&D, Center to up to roughly 100 professionals over the next 36 months. The company has already started recruiting and investing in engineers in the Singapore office to support Sprinklr operations and strategic growth across the globe.
|
BILI | Hot Stocks05:21 EDT Bilibili announces primary listing on Hong Kong stock exchange - Bilibili announced that the company's voluntary conversion of its secondary listing status to primary listing on the Main Board of The Stock Exchange of Hong Kong became effective immediately. Bilibili is now a dual-primary-listed company on the Hong Kong Stock Exchange in Hong Kong and the Nasdaq Global Select Market in the United States.
|
LMND | Hot Stocks05:18 EDT Lemonade launches in the United Kingdom - Lemonade launched in the United Kingdom. Residents across the UK can now get Lemonade Contents insurance instantly, from anywhere, on any device, as well as file claims and get paid in seconds.
|
LUCY | Hot Stocks05:14 EDT Innovative Eyewear announces smart eyewear licensing agreement with Nautica - Innovative Eyewear announced that it has licensed the global lifestyle brand Nautica for smart eyewear. The Nautica smart eyewear collection is expected to launch for Holiday 2022 or soon thereafter.
|
RDW | Hot Stocks05:13 EDT Redwire to acquire QinetiQ Space NV business for EUR 32M - Redwire announced that the company has entered into a definitive agreement with QinetiQ to acquire its QinetiQ Space NV business, a Belgium-based commercial space business providing design and integration of space infrastructure and other instruments for end-to-end space missions. Under the terms of the agreement, Redwire will acquire Space NV for EUR 32M, subject to customary working capital adjustments. Upon closing, the transaction is expected to be accretive to Redwire's adjusted EBITDA and free cash flow. Space NV has experienced profitable topline growth and features a strong financial profile. For the year ended March 31, as reported by QinetiQ Group, Space NV recorded EUR 49M of revenue and EUR 3M of profit after taxes. The transaction is expected to meaningfully increase Redwire's revenue by leveraging Space NV's customer base and increase access to multiple new market opportunities. As of March 31, Space NV had contracted backlog of EUR 113M. Space NV has independent facilities, management and operations, which is expected to enable a transition upon closing of the transaction. Redwire will utilize Space NV's existing management and operational structures and anticipates integrating the companies without disruption to either business. Redwire has received financing commitments for equity-linked securities from AE Industrial Partners. After giving effect to this financing, the transaction is expected to be financially accretive. The transaction is subject to customary approvals and closing conditions and is expected to close in the fourth quarter of 2022.
|