Stockwinners Market Radar for January 12, 2023 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
TWST | Hot Stocks20:03 EST Cathie Wood's ARK Investment bought 96K shares of Twist Bioscience today
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NVTA | Hot Stocks20:03 EST Cathie Wood's ARK Investment bought 358K shares of Invitae today
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COIN | Hot Stocks20:02 EST Cathie Wood's ARK Investment bought 52.8K shares of Coinbase today
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CMTL | Hot Stocks19:53 EST Comtech CEO buys $561K in common stock - In a regulatory filing, Comtech disclosed that its CEO Ken Peterman bought 44K shares of common stock on January 11th in a total transaction size of $561K.
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ADBE | Hot Stocks18:49 EST Adobe director sells $1.0M in common stock - In a regulatory filing, Adobe disclosed that its director John Warnock sold 3K shares of common stock on January 12th in a total transaction size of $1.0M.
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OSH | Hot Stocks18:25 EST Oak Street Health COO sells $1.5M in common stock - In a regulatory filing, Oak Street Health disclosed that its COO Brian Clem sold 50.1K shares of common stock on January 10th in a total transaction size of $1.5M.
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DEN | Hot Stocks18:23 EST Denbury CEO: We love where we are and where we're headed - In an interview on CNBC's Mad Money, Chris Kendall said Denbury is making great progress in the carbon capture industry. The door is "wide open" for this business, he added. "We have great cash flows and a clean balance sheet with virtually no debt. We're completely focused on building the value of the company," he noted.
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WWE | Hot Stocks18:16 EST WWE engages outside advisors for review of strategic alternatives - WWE announced that it has retained The Raine Group, LLC as financial advisor, Kirkland & Ellis LLP as legal advisor, and August LLC as strategic communications advisor to support WWE's management team and its Board of Directors in connection with a review of strategic alternatives to maximize value for all WWE stockholders and other stakeholders. Vince McMahon, WWE's Founder and Executive Chairman said, "WWE's upcoming media rights cycle will take place amid a rapidly evolving media and entertainment landscape, and we believe exploring our strategic alternatives at this critical juncture will enable WWE to fully capitalize on the significant value of our intellectual property. I am highly confident that our outstanding Directors, outside advisors and executive team will provide valuable expertise and counsel to help guide the Company through this important process while our management team and employee base continue to deliver results and content our fans love." There can be no assurances given regarding the outcome or timing of the strategic alternatives review process. WWE does not intend to comment further until the process has concluded or the Company has otherwise determined that further disclosure is appropriate or required.
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NGM | Hot Stocks18:08 EST NGM Biopharmaceuticals jumps 12% after Column Group buys $1.5M in shares - Shares of NGM Biopharmaceuticals are up 60c or up almost 12% to $5.65 per share in after hours trading after after holder Column Group buys $1.5M in shares. Beneficial owner of NGM Biopharmaceuticals Column Group, disclosed in a regulatory filing that it had purchased 309,070 shares of company stock at $4.79 per share between January 10 and January 11 for a total transaction amount of $1,479,364.
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MNOV | Hot Stocks18:02 EST MediciNova completes enrollment in Phase 2 trial of MN-166 in glioblastoma - MediciNova announced that the Phase 2 clinical trial evaluating MN-166 in recurrent and newly diagnosed glioblastoma conducted at Dana-Farber Cancer Institute has completed enrollment. This Phase 1/2 clinical trial was divided into a dose-escalation phase followed by a fixed-dose phase. Part 1 evaluated the safety and tolerability of an escalating dose of MN-166 - ibudilast - when given in combination with temozolomide and determined a safe and tolerable dose of MN-166 - ibudilast - to be used in Part 2 of the study. Part 2 will evaluate the efficacy of MN-166 - ibudilast - and TMZ combination treatment. Tumor tissues were obtained from the initial surgery or biopsy. We evaluated the correlation of MN-166 and TMZ combination therapy to clinical outcomes and tumor tissue analysis findings. Preliminary tumor tissue analysis and clinical outcome findings from Part 1 participants will be presented at the 20th Annual World Congress of SBMT to be held February 16 - 19, 2023.
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SWIR SMTC | Hot Stocks18:00 EST Semtech completes acquisition of Sierra Wireless - Semtech (SMTC) and Sierra Wireless (SWIR) "announced the completion of Semtech's acquisition of Sierra Wireless in an all-cash transaction representing a total enterprise value of approximately $1.2B. This transaction nearly doubles Semtech's annual revenue and adds approximately $100M of high-margin IoT Cloud services recurring revenues. Semtech expects the acquisition to be immediately accretive to non-GAAP EPS and to generate $40M of run rate operational synergies within 12-18 months post close."
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NGM | Hot Stocks17:57 EST NGM Biopharmaceuticals holder NGM Biopharmaceuticals buys $1.5M in shares - Beneficial owner of NGM Biopharmaceuticals Column Group, disclosed in a regulatory filing that it had purchased 309,070 shares of company stock at $4.79 per share between January 10 and January 11 for a total transaction amount of $1,479,364.
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GOOGL GOOG | Hot Stocks17:32 EST Alphabet-owned Verily eliminates 15% of staff as it streamlines operations - Independent subsidiary of Alphabet, Life Sciences company, Verily said it was eliminating 15% of its workforce, in a blog post, on Thursday. Shared by Verily CEO Stephen Gillett, in part, with all Verily employees: "This is an important day for Verily, as we announce our refined strategy, prioritized portfolio and simplified operating model. This is work that has been in process for many months, and it's time to begin sharing our path forward with you...We are making changes that refine our strategy, prioritize our product portfolio and simplify our operating model. We will advance fewer initiatives with greater resources. In doing so, Verily will move from multiple lines of business to one centralized product organization with increasingly connected healthcare solutions. Going forward, we are going to do fewer things and leverage our strengths and capabilities in the process. This aligns with our purpose and puts us on a faster path to value creation for our customers and ultimate commercial success. Products will largely fall into research or care...to enable greater focus on our updated portfolio, we are discontinuing the development of Verily Value Suite and some early-stage products, including our work in remote patient monitoring for heart failure and microneedles for drug delivery...we cannot do everything and have had to make some difficult choices. Some Veeps will be redeployed to other teams; others will unfortunately be leaving us. These people have helped make Verily the company it is today, and I know how hard it is to see valued friends and colleagues depart. I have promised you all transparency in what we're doing, and this means we have eliminated approximately 15% of Verily roles due to discontinued programs, full control of Granular and Onduo, and redundancy in the new, centralized organization. We will continue in our search for Verily's next Chief Financial Officer, to be announced separately. We are hiring for a new Chief Scientific Officer, to be announced separately. Jordi Parramon, President of Verily's Devices business, will be leaving the company later this year, and will stay on as an advisor to help with the transition period." The Fly notes that on August 10, 2015, Sergey Brin announced that Verily would become an independent subsidiary of Alphabet. This restructuring process was completed on October 2, 2015. Reference Link
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DUK | Hot Stocks17:03 EST Duke Energy says agreement reached in rate review request in South Carolina - Duke Energy "has reached a comprehensive agreement with all parties, including consumer, environmental and industrial groups in South Carolina, for its rate review request filed in September of last year. If the agreement is approved by the Public Service Commission of South Carolina, the company plans to implement the increase beginning April 1, with the typical residential customer in South Carolina using 1,000 kilowatt hours of electricity paying about $10.95 more per month. The agreement will also impact the rates of commercial and industrial customers. The total increase will be approximately $52 million, about 41% less than the $89 million Duke Energy Progress requested to recover investments made to increase system reliability and resiliency, achieve a cleaner, smarter energy future, and focus on operational excellence and enhancing the customer experience for more than 172,000 customers in the Pee Dee region of South Carolina."
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ZYME | Hot Stocks17:02 EST Zymeworks jumps 2% after holder EcoR1 Capital buys $8M in shares - Shares of Zymeworks are up almost 2% to $8.82 per share in after-hours trading on Tuesday, after share holder EcoR1 Capital disclosed it had purchased $7,874,081 in shares.
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TA | Hot Stocks17:00 EST TravelCenters signs 30 new franchise agreements in 2022 - TravelCenters of America signed 30 new franchise agreements in 2022, reaching its annual target. The company remains focused on franchising for accelerated network growth and continues to see year over year franchise signing growth. In 2022, TA opened three new franchised sites and plans to open 20 franchised locations in 2023. In addition, TA is focused on acquisitions for network growth. The company acquired seven existing travel centers (six with truck maintenance facilities) which began operating as TA or Petro locations in 2022, and three standalone truck service facilities, which began operating as TA Truck Service during the year.
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ZYME | Hot Stocks16:55 EST Zymeworks shareholder EcoR1 Capital buys $8M in company shares - Zymeworks shareholder EcoR1 Capital disclosed in a regulatory filing that it had purchased 1,026,300 shares of Zymeworks at $7.67 per share between January 10 and January 11 for a total transaction amount of $7,874,081.
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COIN | Hot Stocks16:35 EST Coinbase says identifies "root cause and working on a fix' for login delays - Coinbase tweeted: "Our teams have identified the root cause and we're working on a fix. We'll let you know when we are completely out of the woods. Thanks for your patience." Reference Link
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HBI | Hot Stocks16:34 EST Hanesbrands up about 3% at $8.15 after guiding Q4 revenue above consensus
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HBI | Hot Stocks16:34 EST Hanesbrands CFO Michael Dastugue to step down for family reasons - Hanesbrands announced that its CFOr, Michael Dastugue, has resigned effective February 28, 2023 for family reasons. Scott Lewis, the Company's Chief Accounting Officer and Controller will become Interim Chief Financial Officer until a successor for Dastugue is named. The Company has initiated a comprehensive search to fill the CFO role with the support of a leading executive search firm.
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PRPL | Hot Stocks16:32 EST Purple Innovation rejects unsolicited proposal from Coliseum Capital Management - Purple Innovation announced that the Special Committee of the Purple Board of Directors has rejected a $4.35 per share unsolicited, non-binding proposal from Coliseum Capital Management to acquire all of the outstanding stock of the company it does not already own. Coliseum, which beneficially owns approximately 44% of Purple's outstanding shares, sent the Proposal to the company on September 17, 2022. The Special Committee, which is comprised of independent directors, rejected the Proposal in November after conducting a comprehensive review of the company's long-range strategic plan and other opportunities in consultation with independent financial and legal advisors. In subsequent discussions with Coliseum, Coliseum was unwilling to offer more than $4.35 per share. At this time, the Special Committee continues to believe the Proposal is not in the best interests of the company and its shareholders.
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ATOM | Hot Stocks16:31 EST Atomera collaborates with Arizona State over semiconductor material advancement - Atomera Incorporated announced it is working with Arizona State University to fast-track the advancement of semiconductor materials. Atomera is leasing lab space at the Tempe-based university as well as funding research projects to support its efforts to breathe more life into Moore's Law and enhance semiconductor devices. The partnership, which is contracted to run through 2026, offers Atomera the opportunity to do R&D using ASU's state-of-the-art research centers, labs, and equipment. "The state of Arizona is working hard to take advantage of the recent expansion of the semiconductor industry in Arizona," said Zachary Holman, associate professor of electrical engineering at the Ira A. Fulton Schools of Engineering. "As part of that, we are teaming up with companies like Atomera to further position our region as an essential hub of the global semiconductor industry and leverage Arizona's economic initiatives. This relationship is a true testament to the success of this initiative."
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EOG | Hot Stocks16:29 EST EOG Resources sees Q4 net gain $233M on mark -to market of derivatives - For the fourth quarter of 2022, EOG anticipates a net gain of $233M on the mark-to-market of its financial commodity derivative contracts. During the fourth quarter of 2022, the net cash paid for settlements of financial commodity derivative contracts was $244M.
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FSLR | Hot Stocks16:17 EST First Solar completes sale of 141 MW Luz del Norte power plant to Toesca - First Solar has completed the sale of Luz del Norte, a 141-megawatt AC utility-scale solar power plant in Copiapo, Chile, to Toesca, an independent asset manager headquartered in Las Condes, Chile.First Solar previously disclosed that it had signed a sale and purchase agreement for the facility on its Q3 earnings call. The terms of the transaction, which was completed in December were not disclosed.
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RCL | Hot Stocks16:16 EST Royal Caribbean amends, extends revolving credit facilities - Royal Caribbean announced that it has successfully amended and extended the majority of its two unsecured revolving credit facilities. The amendment has extended the maturities of $2.3B of the $3B aggregate revolving capacity by one year to April 2025, with the remainder maturing in April 2024.
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LC | Hot Stocks16:13 EST LendingClub announces 14% workforce reduction - LendingClub announced a cost reduction and reorganization plan to align its operations to reduced marketplace revenue following the Federal Reserve's historic pace of interest rate increases. LendingClub is reducing its workforce by 14%, or 225 employees, and expects to incur related non-recurring, pre-tax charges of approximately $5.7M of which $4.4M was expensed in Q4. The company anticipates the workforce reductions will result in annualized run-rate savings in compensation and benefits of approximately $25M-$30M in 2023.
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LC | Hot Stocks16:13 EST LendingClub chief capital officer, Valerie Kay, to depart - In a regulatory filing, Lending Club said, "On January 7, 2023, as part of the plan, the company decided to organizationally align responsibilities for the operation and utilization of our investor marketplace and bank balance sheet and, in doing so, eliminated the chief capital officer position. Accordingly, the final day of employment with the Company for the current chief capital officer, Valerie Kay, will be February 25, 2023."
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FLR | Hot Stocks16:11 EST Fluor to book $436M order as JV with Ballast Nedam selected for roadway project - Fluor announced that its joint venture with Ballast Nedam, ALSEEN, signed the contract with the Ministry of Public Works and Water Management to perform design, construction and maintenance services for the A27 motorway project from Everdingen to Hooipolder in the Netherlands. Fluor will book its share of the $436M contract in the first quarter of 2023.
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SPCE | Hot Stocks16:08 EST Virgin Galactic up 6% after stating start of commercial service on track for Q2
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SPCE | Hot Stocks16:07 EST Virgin Galactic says commercial service remains on track to start in Q2 - The company states: "Virgin Galactic announced its updated leadership structure to support commercial spaceline operations, which are on track for Q2 2023 as previously announced by the Company. The organizational changes will support the Company's core near-term objectives of delivering increased flight frequency and executing on rapid fleet development plans. As part of this leadership update, Swami Iyer, President, Aerospace Systems, will be departing from his position, effective January 12, 2023. He will continue to serve as an advisor to Michael Colglazier, CEO of the Company, until March 3, 2023 to ensure a smooth transition. Planned upgrades of VMS Eve are complete, and the mothership is expected to enter ground tests next week before commencing flight tests to verify the enhancements to the ship. Commercial service remains on track to begin in Q2 2023."
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GTIM | Hot Stocks16:05 EST Good Times Restaurants reports Q1 SSS up 3% - Good Times Restaurants "announced that same store sales for its first fiscal quarter ended December 27, 2022 increased 3.0% for its Good Times brand and increased 2.4% for its Bad Daddy's brand, and that average weekly sales during the first fiscal quarter were $26,797 and $49,180 for its Good Times and Bad Daddy's brands, respectively."
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SLN | Hot Stocks16:01 EST Silence Therapeutics provides SLN360, SLN124 clinical program updates - Silence Therapeutics provided the following SLN360 and SLN124 program updates during a presentation at the 41st Annual J.P. Morgan Healthcare Conference: The first subjects have been dosed in the SLN360 phase 2 study in high-risk atherosclerotic cardiovascular disease. The company plans to complete enrollment in the study in the fourth quarter of 2023. Silence expects data from the ongoing phase 1 multiple dose study in subjects with high lipoprotein(a) and stable ASCVD in the fourth quarter of 2023. In the single dose study evaluating healthy volunteers with high Lp(a), participants who received SLN360 saw median maximal Lp(a) reductions of 96% and 98%, respectively. Sites are open for enrollment in the SLN124 phase 1/2 study in polycythemia vera. The SLN124 PV study is a two-part study which includes a phase 1 open-label, dose finding study followed by a phase 2 randomized, double-blind, placebo-controlled parallel arm study. Silence expects data from the ongoing phase 1 multiple dose study of SLN124 in thalassemia patients in the fourth quarter of 2023. "2023 is poised to be an important and exciting year for Silence," said Craig Tooman, President and CEO of Silence. "We were pleased to initiate dosing in the SLN360 phase 2 ASCVD study and are very encouraged by the enthusiasm for this program. We also kicked off the SLN124 PV study and look forward to providing further updates as we advance the program this year. We remain very pleased with the prospects for our mRNAi GOLD platform."
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APH PKI | Hot Stocks16:01 EST PerkinElmer CEO Prahlad Singh appointed to Amphenol board - Amphenol (APH) announced that Prahlad Singh, PhD has been appointed to Amphenol's board of directors. With his appointment, the size of the company's board has increased to 10 members. Dr. Singh is currently the President and CEO of PerkinElmer (PKI) and brings more than twenty-five years of global leadership experience to Amphenol's board. He was promoted to President and Chief Executive Officer of PerkinElmer effective December 30, 2019, and was appointed to its board of directors in 2019.
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EVH HUM | Hot Stocks15:58 EST Evolent Health jumps after announcing expansion of Humana pact - Shares of Evolent Health (EVH) were up over 8% or to approximately $31 per share in late day trading on Thursday after announcing it has expanded its partnership with Humana (HUM) in a slides presentation prepared for the JP Morgan Healthcare conference.
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VWE | Hot Stocks15:54 EST Vintage Wine Estates names Zach Long as Chief Operations Officer - Vintage Wine Estates announced two promotions that it said "further its efforts to advance its leadership team, develop talent from within and build greater bench strength." Zach Long, previously Senior Vice President of Winemaking and Production, will now serve as Chief Operations Officer and Jenna Duran, formerly Senior Director of Marketing, has been appointed Vice President of Marketing.
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COIN | Hot Stocks15:44 EST Coinbase investigating login delays for Coinbase.com, mobile app - Coinbase stated in message on its status page: "Our teams are investigating login delays for Coinbase.com and the Coinbase mobile app. Funds remain safe." Reference Link
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LULU | Hot Stocks15:34 EST lululemon teams with Nedap to advance RFID technology across stores - Nedap has been selected by lululemon as their new provider for the deployment of Nedap iD Cloud, which will enhance its omni-guest experience across its 600+ stores globally by optimizing product availability. lululemon athletica inc. has partnered with Nedap as they continue to invest in a strong omni-guest experience across the globe. As stores are a significant point of connection and community for lululemon's guests, Nedap's iD Cloud platform is a crucial pillar to unlock real-time inventory data so that stores have the right product assortment available on their floors, creating a seamless experience across brick-and-mortar through digital engagement. "Our guests are at the center of everything that we do, and we are hyper-focused on creating strong guest connections through seamless store and online experiences," said Carl Barker, Vice President, Global Omni Programs at lululemon. "With Nedap's iD Cloud solution, we can leverage real-time, accurate data to enable our in-store educators to spend even more time engaging and connecting with our guests. Having a fully mobile cloud solution in our stores greatly contributes to this experience. Online, RFID continues to elevate our digital experience, offering accurate real-time store inventory visibility and powering key fulfillment experiences such as buy online, pickup in store ."
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CVS | Hot Stocks15:01 EST CVS Health names Sam Khichi Chief Policy Officer and General Counsel - CVS Health announced that Sam Khichi will join the company as Executive Vice President, Chief Policy Officer and General Counsel, effective February 13. Khichi will become a member of the company's executive leadership team and report to CEO Karen Lynch. Prior to joining CVS Health, he served at Becton Dickinson as Executive Vice President, Corporate Development, Public Policy, Regulatory Affairs and General Counsel.
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YORW | Hot Stocks14:44 EST York Water announces settlement of Pennsylvania rate case - The York Water Company announced that the Pennsylvania Public Utility Commission, or PPUC, approved a joint settlement agreement at its January 12 public meeting, allowing an increase in base rates for water and wastewater customers of The York Water Company. "The approved rates provide for cost recovery for York Water and an expanded customer assistance program while maintaining affordability for customers. The new rates approved by the PPUC affect approximately 75,000 water and wastewater customers throughout York, Adams, and Franklin Counties, Pennsylvania. Even with the approved increases, York Water remains one of the lowest cost providers and most efficient water and wastewater utilities in the nation," the company said. JT Hand, President and CEO of York Water, stated, "Although water and wastewater remain the most affordable utilities, York Water is sensitive to economy-wide inflationary pressures and increased costs for our residential and business customers. We believe this is a fair and reasonable result that allows the company to recover approximately $176 million in recent investments in system improvements and infrastructure replacements and allows us to continue to meet the current and future needs of our customers."
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META | Hot Stocks14:04 EST Meta files legal action against Voyager Labs in federal court - Meta said it is fighting back against a so-called "scraping-for-hire" service and filed a legal action against Voyager Labs in federal court in California. Voyager Labs is a scraping and surveillance service that improperly collected data from Facebook, Instagram and other websites. "We disabled Voyager's accounts, filed this action to enforce our Terms and Policies and asked the Court to ban Voyager from Facebook and Instagram," Meta said. "Voyager developed and used proprietary software to launch scraping campaigns against Facebook and Instagram, and websites such as Twitter, YouTube, LinkedIn and Telegram. Voyager designed its scraping software to use fake accounts to scrape data accessible to a user when logged into Facebook, including users profile information, posts, friends lists, photos and comments. Voyager used a diverse system of computers and networks in different countries to hide its activity, including when Meta subjected the fake accounts to verifications or checks. Voyager did not compromise Facebook, instead it used fake accounts to scrape publicly viewable information. Our lawsuit alleges that Voyager has violated our Terms of Service against fake accounts and unauthorized and automated scraping. We are seeking a permanent injunction against Voyager to protect people against scraping-for-hire services. Companies like Voyager are part of an industry that provides scraping services to anyone regardless of the users they target and for what purpose, including as a way to profile people for criminal behavior. This industry covertly collects information that people share with their community, family and friends, without oversight or accountability, and in a way that may implicate people's civil rights." Reference Link
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BFA... | Hot Stocks14:01 EST Brown-Forman names Larry Combs chief information officer - Brown-Forman Corporation announced the appointments of Larry Combs to the newly created role of Chief Information Officer and Director of Supply Chain Integration and Strategy, and Melvin Keebler to the role of General Manager, Jack Daniel Distillery Supply Chain, effective immediately. "Supply chains across the globe have been under pressure for the last few years driven in part by a lack of modern technologies to address the stressors. This new role ensures Brown-Forman is well-positioned to leverage leading applications and technologies that will enhance our global supply chain and on-going operations," said Tim Nall, Senior Vice President, Chief Global Supply Chain and Technology Officer. Combs will be responsible for the strategic direction of Brown-Forman's application technologies, enterprise architecture, data and analytics strategy and framework, and portfolio management, as well as the continued development and execution of logistics, procurement, planning, and production strategies.
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LLY... | Hot Stocks13:57 EST California AG files suit against drugmakers, PBMs over insulin prices - California Attorney General Rob Bonta announced in a press conference that his office is filing a lawsuit against Eli Lilly (LLY), Novo Nordisk (NVO) and Sanofi (SNY) over insulin prices in the state. The suit also claims pharmacy benefit managers, or PBMs, CVS Caremark (CVS), Express Scripts (CI), and OptumRx (UNH) "have leveraged their market power to overcharge patients," according to Bonta. Reference Link
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OKTA | Hot Stocks13:55 EST Okta says there will be some disruption from sales leadership changes - Says attrition peaked in first half of the last fiscal year. Says probably hired too many reps. Comments taken from Needham Growth Conference.
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RVVTF | Hot Stocks13:18 EST Revive to submit updated briefing package for upcoming FDA Type C meeting - Revive Therapeutics announces it will submit an updated briefing package to the U.S. Food & Drug Administration to include additional supporting information and the data from the independent published study, titled "Omicron Spike Protein Is Vulnerable to Reduction" from the University of Toronto. The study evaluated the potential disruption of the SARS-CoV-2 virus spike protein by various FDA-approved mild anti-oxidants, which has shown that Bucillamine had the most potent effect on COVID-19 Omicron variants when compared to these anti-oxidants being explored as a potential treatment for COVID-19. As recently reported by the Company, the FDA has granted the Company's Type C meeting request to obtain agreement on the revised protocol endpoints for the Company's Phase 3 clinical trial to evaluate the safety and efficacy of Bucillamine, an oral drug with anti-inflammatory and antiviral properties, in patients with mild to moderate COVID-19. The goal date for the FDA to provide its written responses is March 7, 2023.
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ZVSA | Hot Stocks13:00 EST ZyVersa CEO says IPO window closed right now, may reopen this year
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ZVSA | Hot Stocks13:00 EST 'Very happy' with progress on inflammasome side, ZyVersa's Glover says
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ZVSA | Hot Stocks13:00 EST ZyVersa to begin treating patients with VAR 200 in 2023, CEO tells The Fly
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ZVSA | Hot Stocks13:00 EST ZyVersa CEO says inflammasome space seeing a lot of M&A in preclinical alone
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HKD | Hot Stocks12:00 EST AMTD Digital falls -11.4% - AMTD Digital is down -11.4%, or -$1.50 to $11.70.
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IH | Hot Stocks12:00 EST iHuman falls -11.5% - iHuman is down -11.5%, or -41c to $3.16.
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KNOP | Hot Stocks12:00 EST Knot Offshore Partners falls -37.9% - Knot Offshore Partners is down -37.9%, or -$3.98 to $6.53.
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NINE | Hot Stocks12:00 EST Nine Energy Service rises 9.8% - Nine Energy Service is up 9.8%, or $1.41 to $15.80.
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ADCT | Hot Stocks12:00 EST ADC Therapeutics rises 20.1% - ADC Therapeutics is up 20.1%, or 86c to $5.13.
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BBAI | Hot Stocks12:00 EST BigBear.ai rises 260.5% - BigBear.ai is up 260.5%, or $2.20 to $3.05.
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VRAY | Hot Stocks11:57 EST ViewRay announces publication on MRIdian MRI-Guidance in SBRT - ViewRay announced that findings from the phase III randomized controlled MIRAGE trial were published on January 12 in JAMA Oncology. The MIRAGE trial compared MRI-guided and CT-guided stereotactic body radiation therapy for localized prostate cancer and found MRI-guided radiation therapy - delivered with MRIdian - to be superior in substantially reducing acute genitourinary and gastrointestinal toxicity. MRI-guided radiation was also associated with significantly better patient-reported quality of life metrics. The MIRAGE trial was led by Amar Kishan, M.D. and Michael L. Steinberg, M.D. at the University of California, Los Angeles, The study was independently designed, conducted, and analyzed exclusively by UCLA. In this trial, the investigator team randomized 156 patients to receive either MRI-guided SBRT or CT-guided SBRT. Acute grade greater than or equal to2 GU toxicity rates were significantly lower with MRI guidance vs. CT guidance. Acute grade greater than or equal to2 GI toxicity rates were also significantly lower with MRI guidance. On multivariate analysis, which controls for differences in the use of a rectal spacer, prostate size, and baseline urinary symptoms, the MRI-guided arm was associated with a 60% reduction in odds of grade greater than or equal to2 GU toxicity. More notably, there were improvements in multiple patient-reported outcomes. Significantly more patients receiving CT-guided SBRT experienced large increases in urinary symptoms, as measured by a greater than15 points increase in International Prostate Symptom Score. Similarly, a significantly greater percentage of patients experienced a clinically notable decrease in bowel-related quality of life with CT-guided, as measured by the Expanded Prostate Cancer Index Composite-26 survey. Finally, though it is too early to conclude, as more than 2/3rds of men on the trial received hormonal therapy, exploratory analysis in men who did not receive hormonal therapy showed that patient-reported sexual-function scores decreased more in men receiving CT-guided SBRT.
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WBD | Hot Stocks11:19 EST Warner Bros. Discovery's HBO Max announces U.S. price increase - Warner Bros. Discovery's HBO Max announced that effective today, Thursday, January 12, the price of a new HBO Max ad-free monthly subscription in the U.S. will increase from $14.99 to $15.99 plus applicable taxes. "Existing subscribers who are currently paying $14.99/month will see their monthly rate increase to $15.99 effective their next billing cycle on or after Saturday, February 11," the company stated. "This price increase of one dollar will allow us to continue to invest in providing even more culture-defining programming and improving our customer experience for all users. This is the first time HBO Max has increased the price of a monthly subscription since launching in May 2020," the company added.
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PYPL | Hot Stocks11:17 EST PayPal's Xoom service expands debit card deposit feature - Xoom, PayPal's international money transfer service, announced that it has launched a new cross-border money transfer product, Debit Card Deposit, enabling Xoom customers in the U.S. to send money directly to their friends & family's eligible Visa debit cards in 25 countries. Launched in collaboration with Visa, the new feature will offer remittance receivers easy, secure and real-time2 access to funds, which are sent directly to a recipient's eligible Visa debit card. Xoom's Debit Card Deposit feature first launched in 2020 for U.S. domestic money transfers, and the new cross-border expansion increases the ability for international recipients to easily and quickly access funds sent from friends and family in the U.S. With the Xoom Debit Card Deposit functionality, recipients have access to use those funds typically within minutes however they need, such as paying bills or buying groceries, through their eligible debit card. Xoom's Debit Card Deposit feature is now available in the following 25 markets: Bosnia and Herzegovina, Bulgaria, Costa Rica, Croatia, Czech Republic, Great Britain, Greece, Guatemala, Hungary, Indonesia, Israel, Italy, Jamaica, Lithuania, Malaysia, Pakistan, Philippines, Romania, Singapore, Slovakia, Spain, Sri Lanka, Thailand, Ukraine, and Vietnam. Debit Card Deposit will continue to roll-out across additional markets in 2023. Reference Link
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HUBC RNER | Hot Stocks11:17 EST HUB Security fulfills all conditions precedent for Mount Rainier transaction - HUB Cyber Security (HUBC) announced the fulfillment of all conditions precedent for the merger with the Nasdaq-listed SPAC Mount Rainier (RNER). In accordance with the Company's commitment to TASE publish a report at least ten trading days prior to the date of the delisting from the Tel-Aviv Stock Exchange, the Company hereby reports that all the preconditions have been met, so that the completion of the merger transaction is, in fact, subject only to the absence of a legal impediment and that there are more than ten trading days left on the TASE, prior to the date of delisting, and the beginning of trading on Nasdaq.
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PRTC | Hot Stocks11:13 EST PureTech Health PLC (ADR) trading resumes
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PRTC | Hot Stocks11:08 EST PureTech Health PLC (ADR) trading halted, volatility trading pause
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PBLA | Hot Stocks11:01 EST Panbela Therapeutics announces 1-for-40 reverse stock split - Panbela Therapeutics announced that it will implement the previously announced and stockholder approved 1-for-40 reverse split of its common stock. The reverse stock split will be effective as of the morning of January 13, 2023, and the company's common stock will trade on a post-split basis at the beginning of trading on the same date under the existing trading symbol "PBLA." The CUSIP number for the common stock following the reverse stock split will be 69833W206.
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OGI | Hot Stocks10:34 EST Organigram sees 2023 revenue higher than that of 2022 - Organigram currently expects Fiscal 2023 revenue to be higher than that of Fiscal 2022. This expectation is largely due to ongoing sales momentum, stronger forecasted market growth, the Company's expanded product line in multiple segments, greater capacity to meet demand at the Moncton Campus, increased throughput at the Winnipeg facility and contributions from the Lac-Superieur facility. In addition, the anticipated continuation of shipments to Canndoc in Israel and Cannatrek and Medcan in Australia is expected to generate higher sequential revenue in Fiscal 2023 as compared to Fiscal 2022. The Company believes it is better equipped to fulfill demand in Fiscal 2023 with larger harvests expected compared to Fiscal 2022. This is supported by the new multi-year agreement with Canndoc that contemplates shipping up to 20,000 kilograms of dried flower, announced on November 17, 2022. The Company expects Q2 of Fiscal 2023 revenue to be higher than Q2 of Fiscal 2022. Adjusted gross margins: The Company expects to achieve similar adjusted gross margin rates throughout Fiscal 2023 with further cost saving initiatives being put into place to help offset anticipated price compression. Organigram has identified the following sales mix opportunities which it believes have the potential to further improve adjusted gross margins over time: International sales, which have historically attracted higher margins and are expected to represent a greater proportion of the Company's revenue; Sales from the Holy Mountain brand, which will include several product categories, in a number of higher margin formats with national distribution on most SKUs The launch of new products across different derivative categories with expected attractive long-term margin profiles; and The larger volume of higher margin sales expected from the Lac-Superieur Facility, achievable from the increased capacity post construction. Adjusted EBITDA: The Company expects to maintain positive Adjusted EBITDA throughout Fiscal 2023. Cash flow: The Company generated positive cash flows from operating activities during Q1 Fiscal 2023, which was achieved primarily due to positive Adjusted EBITDA and a reduction to receivables. While the Company expects to continue to generate positive Adjusted EBITDA, periods when the Company achieves significant increases to sales will result in increases to receivables and this will negatively impact cash from operating activities. The Company has a $29 million capex budget for Fiscal 2023 and if completed as planned during Fiscal 2023, the Company expects to generate positive free cash flows by the end of calendar 2023.
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DG | Hot Stocks10:29 EST Ohio AG continues to apply pressure to Dollar General stores - Ohio Attorney General Dave Yost returned to court to ask a Butler County Common Pleas judge to "immediately force" Dollar General to stop "advertising one price on its store shelves and charging another price - typically higher - at its registers," adding that "deceptive pricing" continues at the retailer's stores. In his request for a temporary restraining order against the discount retailer, Yost cited ongoing violations of the Ohio Consumer Sales Practices Act. He also requested a hearing regarding a preliminary injunction that would require Dollar General to abide by Ohio consumer laws as this case progresses. According to the AG, multiple county auditors, as part of their regular duties, have inspected Dollar General stores and found that many of the product prices displayed did not match the prices charged. Yost sued the company on Nov. 1, 2022. In the months since the lawsuit was filed, the Attorney General's Office says it has received 116 complaints regarding Dollar General's shelf-pricing issues. Reference Link
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AWK | Hot Stocks10:26 EST Missouri American Water to invest over $425M to upgrade systems in 2023 - Missouri American Water is continuing to proactively invest in its water and wastewater systems statewide, with over $425M in improvements planned in 2023. Projects include the replacement of aging water and wastewater pipes and treatment plant upgrades. Planned investments are aimed at maintaining and improving system reliability, resiliency, and water quality. A few of the projects planned for 2023 include: St. Louis - Construction will begin on a new water intake pump station at the South Plant; Jefferson City - Construction will begin on a filter building at the water treatment plant; St. Joseph - Upgrades will be made to the Farron Booster Station; Joplin - Construction of the new high-service pump station will be completed, and upgrades will be made to chemical feed equipment.
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RENT AMZN | Hot Stocks10:04 EST Rent The Runway launches Amazon Fashion storefront - Rent the Runway (RENT) is launching a new Amazon Fashion (AMZN) storefront to sell a selection of its Pre-Loved and exclusive Design Collective apparel. The collection of Pre-Loved merchandise includes hundreds of styles from over 35 brands, spanning casual weekend wear, workwear, date night apparel and seasonal essentials like sweaters, tops, coats and denim. This new online storefront will offer Amazon Fashion customers another affordable way to refresh their wardrobes. In addition, the company will introduce an exclusive selection of merchandise from its Design Collective, only available new through Amazon Fashion and renttherunway.com. Through Design Collective, Rent the Runway gives top design talent an opportunity to create limited-edition collections informed by Rent the Runway's proprietary data and insights from its community of customers. As a result, these pieces are amongst the company's most popular. Through this launch with Amazon Fashion, Rent the Runway deepens its commitment to being a customer discovery platform for designer brands by providing an even wider stage for them to introduce their products to new audiences.
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IZEA | Hot Stocks10:02 EST IZEA reports Q4 managed services bookings of $7.9M - IZEA Worldwide announced that its Managed Services team secured contract bookings totaling $7.9M in the fourth quarter of 2022, down from $10.6M in the fourth quarter of 2021.
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U | Hot Stocks10:00 EST Unity falls -8.2% - Unity is down -8.2%, or -$2.68 to $29.88.
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IH | Hot Stocks10:00 EST iHuman falls -10.1% - iHuman is down -10.1%, or -36c to $3.21.
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KNOP | Hot Stocks10:00 EST Knot Offshore Partners falls -43.3% - Knot Offshore Partners is down -43.3%, or -$4.54 to $5.96.
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ATTO | Hot Stocks10:00 EST Atento rises 5.9% - Atento is up 5.9%, or 33c to $5.94.
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MFG | Hot Stocks10:00 EST Mizuho Financial Group rises 6.0% - Mizuho Financial Group is up 6.0%, or 17c to $3.08.
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MUFG | Hot Stocks10:00 EST Mitsubishi UFJ rises 6.6% - Mitsubishi UFJ is up 6.6%, or 46c to $7.30.
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XPRO | Hot Stocks09:47 EST Expro falls -7.3% - Expro is down -7.3%, or -$1.34 to $17.11.
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KOLD | Hot Stocks09:47 EST ProShares UltraShort Bloomberg Natural Gas falls -7.9% - ProShares UltraShort Bloomberg Natural Gas is down -7.9%, or -$2.89 to $33.59.
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KNOP | Hot Stocks09:47 EST Knot Offshore Partners falls -40.5% - Knot Offshore Partners is down -40.5%, or -$4.25 to $6.25.
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MUFG | Hot Stocks09:47 EST Mitsubishi UFJ rises 6.6% - Mitsubishi UFJ is up 6.6%, or 45c to $7.30.
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AMC | Hot Stocks09:47 EST AMC Entertainment rises 8.3% - AMC Entertainment is up 8.3%, or 41c to $5.33.
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BBAI | Hot Stocks09:47 EST BigBear.ai rises 316.0% - BigBear.ai is up 316.0%, or $2.67 to $3.52.
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CAPR | Hot Stocks09:30 EST Capricor Therapeutics announces publication engineered exosome platform - Capricor Therapeutics announced the publication of a preclinical study highlighting new advances for its engineered exosome program. The data was published online in bioRxiv and explored the therapeutic potential of Capricor's proprietary StealthX exosome platform, which generated two vaccine candidates, that independently, and in combination induced a strong immune response against two SARS-CoV-2 proteins, spike and nucleocapsid. Results showed that this multivalent, protein-based vaccine candidate has the potential to achieve potent, longer lasting immunization, broaden reactivity and improve T-cell response with only nanograms of protein without any adjuvant. The data from this study suggests that StealthX could deliver a more potent vaccine with broader immunity than is currently available, by combining the advantages of both mRNA and recombinant protein vaccines into a potentially superior, rapidly generated, low-dose vaccine. The current study used engineered exosomes to express either SARS-CoV-2 spike or nucleocapsid protein on the exosome surface rapidly, a timeframe similar to mRNA vaccines. When administered as a single product, both STX-S and STX-N induced strong immunization with the production of a potent humoral and cellular immune response simultaneously. These effects were obtained with administration of only nanograms of protein without the use of any adjuvant or lipid nanoparticles which further supports the potential safety profile of this product candidate. The study also investigated the combination of STX-S and STX-N, namely STX-S+N, in two independent animal models. Administration of this multivalent, low dose protein-based vaccine resulted in increased, persistent antibody production, potent neutralizing antibodies with cross-reactivity to other variants of concern, and strong T-cell response. The results show efficacy of this multivalent protein-based vaccine for SARS-CoV-2 and suggests that other vaccines or therapeutics could be rapidly developed using the same StealthX platform.
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EZFL | Hot Stocks09:29 EST EzFill announces two new fleet accounts added in December, no terms - EzFill Holdings announced that has begun service for two new fleet accounts added in December -- Miami-based Ocean Cadillac and Florida Bus Service in Orlando.
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BBAI | Hot Stocks09:28 EST BigBear.ai rockets 351% in pre-market on Air Force contract announcement - Shares of BigBear.ai are up 351% or $2.97 to $3.82 in pre-market after the company announced that it has secured a 10-year multiple award $900M IDIQ contract with Air Force.
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TCBI | Hot Stocks09:27 EST Texas Capital Bank appoints Dustin Cosper as head of commercial real estate - Texas Capital Bancshares announced that Dustin Cosper has been appointed to serve as Head of Commercial Real Estate, effective immediately. As Head of Commercial Real Estate Mr. Cosper is responsible for driving the execution of the Bank's real estate strategy while working cohesively with other lines of business to provide full-service solutions to clients. Mr. Cosper will report to Madison Simm, President of Real Estate, who leads the Bank's Commercial Real Estate, Mortgage Finance, and Homebuilder and Community Finance lines of business. Mr. Cosper has invested 10 years in Texas Capital Bank's Commercial Real Estate organization, having previously served as Senior Vice President, Group Manager.
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SGSVF | Hot Stocks09:26 EST Sabina Gold & Silver finalizes lump sum contract for plant construction - Sabina Gold & Silver announces it has finalized the lump sum contract with a northern constructor to build the process plant and ancillary buildings at its Goose Mine on its 100% owned Back River Gold District in Nunavut, Canada. The Goose Mine is the Company's first mine on the 80 km long Back River Gold District, a multi-generational mining district with a demonstrated high-grade world class gold endowment. CGT has provided Sabina with a fixed priced contract of CAD $139 Million for materials and labour to construct the process plant including: crushing circuit, grinding circuit, CIL circuit, pre-leach and tails thickener with tails pumping, gold room, E-houses, control room, O2 plant, fresh water, truck shop, and fire water systems. Additional scope has been added to the original bid proposal which includes the power plant and the Port fuel farm. The contract includes an agreed rise and fall mechanism and other mechanisms to adjust for changes in bid quantities due to design growth and scope changes. These components make up approximately 85% of the direct works on site.
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SURG | Hot Stocks09:26 EST SurgePays says credit facility announced in November improved supply chain - SurgePays provides this shareholder update. "It's extremely exciting to finish 2022, a difficult market year, as a top 10 performing stock out of almost 3,700 companies on the Nasdaq stock exchange. "In November, we announced a $25M installment credit facility that gave us the ability to increase sales operations and improve our supply chain. Working through facility and procurement partners, SurgePays and its partners currently has orders for over 300,000 device , with currently expected delivery in the first quarter of 2023. These expanded resources enable us to launch in-store Affordable Connectivity Program enrollments as well as increase internet and field enrollment programs. SurgePays also offers these services on smartphones, potentially broadening overall market penetration."
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CRKN | Hot Stocks09:25 EST Crown Electrokinetics says Amerigen 7 acquisition could add revenue of $30M - Crown Electrokinetics has released a letter to its shareholders. The company said, " Approximately one week ago, Crown announced that it had entered into an asset purchase agreement with Amerigen 7, an emerging leader in the fields of distributed antenna systems and construction of fiber optic networks. Crown did this for two primary reasons; to market and sell distributed antennas systems to our targeted customer base and to generate revenue and cash flow from the construction of the fiber optic network for Charter Communications. The business combination is already underway with Amerigen 7 rebranded and renamed as Crown Fiber Optics. We believe the acquisition could add revenue of approximately $30 million and EBITDA of $10 million in 2023. Our customers have expressed an interest in solving two problems: the inefficiency of their windows and the inability of 5G signals to penetrate their buildings. Crown's Smart Window Inserts will help building owners solve many of the problems with their external windows and Crown's Distributed Antenna Systems will allow for a stronger cellular signal within our customer's buildings. We are already cross selling and marketing both our inserts as well as our newly offered distributed antenna systems. The global distributed antenna system market was valued at $8.4 billion in 2021 and is expected to grow to $15.7 billion in 2030, driven by increased mobile data traffic and connected devices, as well as a growing preference for extended and undisrupted internet connectivity. Additionally, there is a significant public investment planned for communications infrastructure including the Bipartisan Infrastructure Law which provides $65 billion in funding to expand high-speed Internet access across the US. This type of infrastructure investment represents a significant opportunity for Crown Fiber Optics which is a prime contractor for Charter Communications in Wisconsin, Michigan, Indiana, Ohio and Pennsylvania. Crown Fiber Optics has a signed purchase order for a $67 million project in Ohio, constructing the fiber optic network for Charter Communications...Lastly, we continue to engage in discussions with debt providers to tailor a funding solution that not only encompasses our electrokinetic film manufacturing, but also our fiber optic construction business. The addition of Amerigen 7 assets has bolstered support for those ongoing discussions. We expect to have further operational and funding updates in the near future and believe 2023 should prove to be a truly transformative year for Crown. We appreciate your support and are excited to take this new path with all of you."
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CMPO | Hot Stocks09:23 EST CompoSecure unveils new tech for consumer wallets - CompoSecure unveiled new tech for consumer wallets in 2023. From metal credit cards that have a light-up LED when a transaction is approved at point of sale to the tokenization of a payment card for authentication, tomorrow's premium metal payment cards can be smarter and sleeker than ever with ideas and looks from the CompoSecure Innovation Lab.
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FMCC | Hot Stocks09:23 EST Freddie Mac issues $65B in 2022 securities - Freddie Mac issued $65.1 billion of securities through its Multifamily risk transfer platform in 2022. A leading issuer of multifamily securities, the company settled $46.5 billion in K-Deals and forwardly placed $14.7 billion through its When-Issued K-Deal(R). Freddie Mac Multifamily also increased issuance through its Multi PCs to $11.6 billion, up from $7 billion in 2021, leveraging MSCR Notes and MCIP reinsurance tools for back-end risk transfer. "In the face of turbulent capital markets, Freddie Mac continued to provide a steady issuance of Multifamily securities throughout 2022," said Robert Koontz, senior vice president of Multifamily Capital Markets for Freddie Mac. "With the support of our growing investor base, we also continued to diversify, optimize and innovate our risk transfer technologies. These efforts helped Freddie Mac reach new heights in our support of affordable and workforce housing throughout the county."
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SALM | Hot Stocks09:22 EST Salem Media expands relationship with Triton Digital - Triton Digital announced that Salem Media Group, America's leading multimedia company specializing in Christian and conservative content, has extended its relationship with Triton Digital. Salem Media Group has leveraged Triton's Digital's suite of audio solutions since 2012 to build audiences, maximize revenue, and streamline operations. In addition to using Triton's Omny Studio podcast management platform, its programmatic supply-side platform and TAP, Salem Media Group will turn to Podcast Metrics Demos+ to provide enhanced metrics, including person-level demographic, sociographic, media behavior, and purchase intent data to further inform podcast audience development and advertising decisions. "We are thrilled to extend our partnership with Triton Digital, which has helped drive a significant increase in digital revenue while delivering our engaging content to our growing audience," said David Santrella, CEO, Salem Media Group. "We're looking forward to this next chapter together, gaining increased visibility and a more comprehensive understanding of the behaviors and demographics of our audiences."
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PLBY | Hot Stocks09:22 EST Playboy Spirits closes over $13M in funding - Playboy Spirits, a joint venture formed by PLBY Group and XL Ventures II, announced the initial closing of more than $13 million in funding from a private placement of senior secured convertible notes by the joint venture's wholly-owned operating subsidiary, and may receive additional funds in a subsequent closing. Playboy Spirits is owned 40% by a wholly owned subsidiary of PLBY Group and 60% by XLV. Conversion of the Notes could result in the dilution of Playboy Spirits' ownership of the Operating Subsidiary by up to 50% but would not reduce Playboy Spirits' managerial control of the business. The capital raised will fund the operations of Playboy Spirits and the Operating Subsidiary's business, including the continued acquisition of rare, aged spirits to be released under the Rare Hare brand with Playboy co-branding. Playboy Spirits holds a trademark license to use Playboy branding and artwork with royalties payable to Playboy from the sales of all Playboy Spirits products. Playboy Spirits' and the Operating Subsidiary's operations are primarily run by SIP pursuant to a professional services agreement. In 2023, Playboy Spirits expects to release limited-edition spirits in the U.S. and Asia, and plans to enter the ready-to-drink canned beverage category.
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JBLU | Hot Stocks09:22 EST JetBlue announces new routes launching this year - JetBlue announced that a variety of new routes launching this year - many made possible through its Northeast Alliance, NEA, with American Airlines - are out for sale starting today, delivering more competition and new choices to customers in the airline's New York and Boston focus cities. JetBlue is also advancing its focus city strategy on the West Coast with the introduction of an all-new international route in Los Angeles. These routes add more JetBlue flying across all corners of the airline's route map in the Americas. "The Northeast Alliance continues to provide us with new opportunities to unlock even more growth potential in New York and Boston, with added benefits for customers across our network as we introduce new flying in markets where for too long travelers have had little or no competition," said Dave Clark, head of revenue and planning, JetBlue. "At the same time, we're introducing new flying elsewhere in our network to grow on the West Coast as part of our broader 2023 growth plans."
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CHKP | Hot Stocks09:21 EST Check Point announces Tzipi Ozer-Armon joins board - Check Point Software Technologies announced Ms. Tzipi Ozer-Armon has joined the company's Board of Directors following her appointment at the 2022 Annual General Meeting.Ms. Ozer-Armon serves as the Chief Executive Officer of Lumenis. Before joining Lumenis, she headed the Japanese market activities of Teva Pharmaceutical Industries and served as Senior Vice President of Sales and Marketing at SanDisk. Previously, Ms. Ozer-Armon also served as VP & General Manager at MSystems. In addition to Check Point Ms. Ozer-Armon is a director at ICL, Strauss Group Ltd. And SimilarWeb. Ms. Ozer-Armon holds a BA degree, magna cum laude, in Economics, and an MBA degree in Finance and Marketing from Tel-Aviv University, and she is an AMP graduate of the Harvard Business School.
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SMFL | Hot Stocks09:18 EST Smart for Life CEO sees $300M in revenues within the next 36 months - Smart for Life provided the following letter to shareholders from the Company's CEO, Darren Minton: "2022 was truly a transformative year for Smart for life and as we look toward a promising year ahead, I am proud to reflect on all that we have achieved. In the beginning of 2022, we completed our Initial Public Offering and raised gross proceeds of $14.4M. We have now completed five major acquisitions since our formation which not only validates our ability to acquire accretive businesses at attractive multiples but also our ability to successfully integrate these companies within our organization. Although 2022 has certainly been a tumultuous year in the capital markets, our proactive "Buy and Build" strategy is working-we are currently generating pro forma revenues in excess of $30 million and anticipate expanding to over $100M in annualized revenues in the next twelve months based on anticipated acquisitions and organic growth. In addition, as we have publicly announced, we have an objective of achieving $300 million in revenues within the next 36 months.
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LPLA | Hot Stocks09:18 EST LPL Financial: Fenton Wangler joins broker-dealer, RIA, custodial platforms - LPL Financial LLC announced that financial advisors Eric Fenton and Rodney Wangler have joined LPL Financial's broker-dealer, RIA and custodial platforms, aligned with JFC Advisor Network. They reported having served approximately $300 million in advisory, brokerage and retirement plan assets, and join LPL from Securities America, part of the Advisor Group network. Based in Vancouver, Wash., the advisors founded Fenton Wangler Financial in 2001 with a mission to provide independent financial services focused heavily on personalized financial planning and risk management.
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NET MSFT | Hot Stocks09:17 EST Cloudflare expands relationship with Microsoft - Cloudflare (NET) announced an expansion of its relationship with Microsoft (MSFT) to help customers easily deploy, automate, and enhance their organization's Zero Trust security. "When I speak with CIOs, I continue to hear that their number one concern remains security, closely followed by adapting to the new hybrid world," said Matthew Prince, CEO and co-founder at Cloudflare. "We want to make it easier than ever for IT leaders to deploy Zero Trust security across the enterprise and keep users safe wherever they are working from. I'm thrilled that we are deepening our integration with Microsoft so we can help our joint customers easily deploy Zero Trust security across some of the most used applications in the workplace." Through these new integrations, Cloudflare now provides a comprehensive identity driven approach to protect applications, users, devices and networks from attacks. These integrations pair Microsoft Identity solutions and Cloudflare network security tools to create a quality Zero Trust offering.
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CCLD | Hot Stocks09:16 EST CareCloud Charts receives ONC certification - CareCloud announced its electronic health record platform CareCloud Charts received Office of the National Coordinator for Health Information Technology certification ahead of last year's Dec. 31 deadline. In accordance with the requirements of the 21st Century Cures Act Final Rule, CareCloud Charts' ONC certification means the EHR platform has been approved to provide the necessary functionality that supports seamless and secure access, exchange and use of electronic health information. CareCloud Charts was tested and certified in December 2022 by Drummond Group LLC, an authorized certification body and the leading certification body for ONC's Health IT Certification Program. CareCloud's other EHR solutions, talkEHR and VertexDR, were certified under the same standards at the beginning of November 2022. All three EHR platforms now include standardized application programming interfaces for patient and population services, encryption authentication, and interoperability through certification. To maintain certification, CareCloud's EHR developers must resubmit attestations every six months.
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VZ MSFT | Hot Stocks09:14 EST Verizon launches Microsoft Teams Phone MobileMicrosoft - Building on its strategic relationship with Microsoft (MSFT), Verizon (VZ) announced the ability to deliver Teams Phone Mobile with the launch of Verizon Mobile for Microsoft Teams-a new service that integrates mobile devices with Microsoft Teams for easier calling and collaboration. As the first U.S. operator to enable wireless subscribers to use their mobile device's native dialer to receive calls as a Teams endpoint, Verizon launched Verizon Mobile for Microsoft Teams to create a unified business communications experience, delivering true mobile flexibility with the power of Verizon 5G and Teams to users working from anywhere.
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GCMG | Hot Stocks09:13 EST Ethos Real Estate closes $76M purchase of Residences at Woodlake - Ethos Real Estate announced the company has closed on the $76 million purchase of the Residences at Woodlake, a 276-unit multifamily property in the Crenshaw District of Los Angeles. Under the deal, Ethos will be converting the formerly market rate property into deed restricted affordable housing through a unique public private partnership that leverages a California statutory property tax exemption. Under the deed restriction, half of the units will be restricted to families earning up to 80% of the Average Median Income for Los Angeles, and 10 percent will be restricted to families earning up to 60% of AMI, for 55 years. The property was the second purchase for Ethos' joint venture with GCM Grosvenor, investing on behalf of its clients.
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HOOD | Hot Stocks09:12 EST Robinhood Retirement now available to all eligible customers - Robinhood has announced that the company is making Robinhood Retirement available to all eligible customers. Robinhood Retirement, which launched via waitlist in December, "is the first and only IRA to offer a 1% match for every eligible dollar contributed," the company says.Reference Link
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AWRE | Hot Stocks09:12 EST Aware says federal agencies used biometric authentication solutions in 2022 - Several well-known U.S. federal government agencies have enlisted or expanded their use of Aware, biometric authentication solutions in 2022, according to the company. As of today, Aware's solutions are being used across all three branches of the U.S. federal government, as well as 12 out of 15 executive departments within the executive branch. Such broad industry application attests to Aware's trustworthiness, and proven expertise in meeting this sector's needs for robust technology within highly secure biometric-based authentication systems.
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AERC MKUL | Hot Stocks09:11 EST AeroClean Technologies and Molekule announce close of all-stock merger - AeroClean Technologies (AERC) and Molekule have successfully completed the all-stock merger transaction that was announced on October 3. Under the terms of the Merger, AeroClean stockholders now own approximately 50.5%, and Molekule stockholders own approximately 49.5%, of the outstanding shares of common stock of the combined company. Effective at 9:00 a.m. eastern time on January 12 AeroClean changed its name and ticker symbol to Molekule Group (MKUL). The combined company has the largest range of proprietary and patented, FDA-cleared air purification devices to address the estimated $15B, rapidly growing global air purification market. The combined company on a pro forma basis would have generated approximately $48M of revenues in FY 2022, and approximately $13M of revenues in the fourth quarter. The combined company also offers a Software-as-a-service or SaaS, software solution for B2B businesses, further enabling facility managers to monitor and control individual room air quality on an enterprise-wide basis. "
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IVDA | Hot Stocks09:10 EST Iveda Solutions announces $1.5M Utilis Smart Pole deployment - Iveda announced the launch of a $1.5 million project for Utilis Smart Pole technology in Kaohsiung, Taiwan, equipping the country's largest harbor city with critical IoT infrastructure for smart city deployments. Utilus brings Iveda technology--including video surveillance, AI-based video analytics, IvedaSPS, and IvedaPinpoint--together in a centralized platform, which is integrated into existing infrastructure for true smart city implementations. Utilis' smart, multi-purpose poles will help Kaohsiung solve a myriad of urban challenges, from improving parking and traffic management and charging electric vehicles, to detecting and notifying officials about street flooding, all through real-time data and alerts.
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RUM | Hot Stocks09:09 EST Bob Menery launches live show exclusively on Rumble from Super Bowl - Rumble announced that sportscaster and internet personality Bob Menery will launch a new live show exclusively on Rumble, beginning with live Super Bowl Launch Shows on February 9th at 2 p.m. PT / 5 p.m. ET and February 12th at 10 a.m. PT / 1 p.m. ET. "The Bob Menery Show" will focus on sports and will be livestreamed exclusively on Rumble twice a week. It will also be available on Rumble's subscription platform, Locals. Menery's live Super Bowl Launch Shows will include celebrity guests who will be announced in the coming weeks.
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VLDR OUST | Hot Stocks09:08 EST Velodyne announces Glass, Lewis, & Co recommends stockholders vote 'FOR' merger - Velodyne Lidar (VLDR) announced that independent proxy advisory firm Glass, Lewis & Co. has recommended that shareholders vote "FOR" the proposed merger with Ouster (OUST) at the Company's upcoming Special Meeting of Stockholders, scheduled for January 26, 2023. "The combination of Ouster and Velodyne is expected to unlock enormous synergies, creating a company with the scale and resources to deliver stronger solutions for customers and society, while accelerating time to profitability and enhancing value for shareholders," said Dr. Ted Tewksbury, CEO and member of Velodyne's Board of Directors. Dr. Tewksbury will serve as Executive Chairman of the combined company upon the successful completion of the proposed merger. "The merger is a transformational transaction that the Board believes best positions the company to generate long-term value for all stockholders," continued Dr. Tewksbury. "Velodyne is pleased that Glass Lewis shares the belief that the proposed merger with Ouster is in the best interests of Velodyne's stockholders and supports the Board's unanimous recommendation that shareholders vote "FOR" the transaction."
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FTNT | Hot Stocks09:07 EST Fortinet announces participation in AT&T Pebble Beach Pro-Am - Fortinet is bringing together cybersecurity and golf leaders, customers, and partners as part of the company's participation in the AT&T Pebble Beach Pro-Am through Fortinet's PGA TOUR partnership. As part of various events leading up to the third annual Fortinet Championship in the fall, Fortinet's customers and partners will come together February 2-5 at Fortinet's Sunnyvale headquarters and at the Pebble Beach Golf Links course to engage in important discussions around innovative solutions and the latest security technology to address the evolving cyber landscape. Fortinet's participation at the AT&T Pebble Beach Pro-Am will also include Ken Xie - Founder, Chairman of the Board, and CEO - and Michael Xie - Founder, President, and CTO - who will have the honor of playing at the PGA TOUR event.
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S | Hot Stocks09:07 EST SentinelOne selected by JCDC to strengthen U.S. cybersecurity - SentinelOne announced its membership in the Joint Cyber Defense Collaborative, JCDC, to further support the U.S. government's strategy to secure the cyber ecosystem and critical infrastructure. As part of its membership, JCDC will leverage the expertise of SentinelLabs. As part of the collaboration, SentinelOne will provide JCDC with insights and support in strategic planning and advisement. This partnership will give JCDC unparalleled visibility into emerging threats and help them stay ahead of potential attacks.
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MSGM | Hot Stocks09:06 EST Motorsport Games announces 24 Hours of Le Mans Virtual to broadcast digitally - Motorsport Games announced the 24 Hours of Le Mans Virtual, the esports finale to the ever-entertaining Le Mans Virtual Series, takes place this weekend on January 14 and 15, 2023. The all-star entry list has attracted the interest of major broadcasters from around the globe including Motor Trend On Demand in North America, CNBC Pan Latin America and Pan Europe, Eurosport Player across Europe and M-Net SuperSport in the Sub-Saharan regions of Africa. With broadcasters streaming the event digitally through OTT platforms and on demand services, this exciting and extremely popular esports discipline will be available to millions of homes across the world. The event features motorsport and esports champions from all four corners of the world, including Formula One Champion Max Verstappen, who will be racing from Monaco, Formula 2 Champion Felipe Drugovich in Brazil and Formula 3 Champion Victor Martins in France, who will join IndyCar's Romain Grosjean and Felix Rosenqvist, plus a host of real world and esports racing stars ready to take on the world's greatest virtual endurance race.
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PCSA | Hot Stocks09:05 EST Processa Pharmaceuticals to focus on oncology pipeline - In a regulatory filing earlier this week, Processa Pharmaceuticals announces that it plans to focus on next generation of chemotherapy drugs with high probability of approval, with PCS12852 and PCS499 seen as candidates to be partnered out. Reference Link
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VMD | Hot Stocks09:05 EST Viemed Healthcare makes $2M cash investment in platform ModoHealth - Viemed Healthcare announced that it has made a strategic investment in ModoHealth, a value-based care and patient management platform connecting payors, patients, and post-acute providers. ModoHealth expects to utilize the proceeds of the investment to fund the expansion of its proprietary patient management network, which combines clinical tools, remote patient monitoring, data analysis, and patient-centric engagement. "We are incredibly excited to partner with the team at ModoHealth to grow the innovative population health platform," said Viemed Chief Executive Officer Casey Hoyt. "Data-driven care coordination solutions available in the home are critical to the evolution of value-based healthcare delivery models. In addition to supporting ModoHealth patients as a technology enabled post-acute provider on its platform, we look forward to expanding Viemed's collaboration with ModoHealth as a strategic investor. "In exchange for its $2,000,000 cash investment, Viemed received an 18-month secured convertible promissory note and Viemed will participate in the ModoHealth provider network, utilizing the ModoHealth software platform to improve patient outcomes through enhanced patient engagement.
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VLD | Hot Stocks09:05 EST Velo3D appoints Stamp as Director of Solutions Engineering - Velo3D announced it has appointed Dr. Robin Stamp as Director of Solutions Engineering to help grow the adoption of Velo3D's metal additive manufacturing technology with new customers and in new industries. In his role, Dr. Stamp will oversee the development of new standards with regulatory agencies, qualification of new metal alloys for use in the Sapphire family of printers, and the collaboration with partners and agencies. Dr. Stamp was previously a principal engineer at SpaceX, where he worked on developing technology for space applications.
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AGRI | Hot Stocks09:05 EST AgriFORCE Growing Systems granted U.S. patent for food processing methods - AgriFORCE announced that it was granted a patent from the United States Patent and Trademark Office related to its proprietary method of naturally modifying and processing grains, rice, seeds and pulses into low-starch, high-protein, fiber-rich baking flour products, as well as a wide range of breakfast cereals, juices, natural sweeteners and baking enhancers. These unique processes and methods were acquired through the Manna Nutritional Group acquisition completed in May 2022. The IP encompasses technologies designed to unlock nutritional properties, flavor and other qualities in a range of modern, ancient and heritage grains, seeds and pulses - creating specialized all-natural baking and all-purpose flours, sweeteners, juices, naturally sweet cereals and other valuable products, providing numerous opportunities for dietary, nutritional, performance and culinary applications.
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ACI | Hot Stocks09:05 EST Albertsons and Afresh Technologies roll out AI-powered retail platform - Albertsons and Afresh Technologies, a fresh food technology company, completed an enterprise rollout of the Afresh predictive ordering and inventory management platform across nearly all of Albertsons Cos.' banner stores across the country. The system was fully deployed in more than 2,000 stores in seven months. Afresh aims to enable Albertsons Cos. banner store teams to reduce food waste and achieve superior freshness in their stores. The solution powers Albertsons Cos.' forecasting, inventory and store operations. Afresh claims that grocers utilizing Afresh typically see an increase in sales by an average of 3% across their chain while reducing food waste by 25% and significantly improving inventory turns.
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HTGC | Hot Stocks09:04 EST AmplifyBio secures $50M debt financing with Hercules Capital - AmplifyBio announced that it had augmented its balance sheet with non-dilutive debt financing, whereby it may borrow a principal amount of up to $50 million from Hercules Capital. The move allows AmplifyBio to continue investing in its strategic plan, including the rapid growth of sites, technology, and service offerings planned for the coming 18 to 24 months. Securing this funding comes a mere 18 months after AmplifyBio's launch as a commercially focused spinoff from Battelle. Since launch, AmplifyBio has hired over 150 additional personnel, built a state-of-the-art analytics laboratory on its West Jefferson, Ohio, campus, and acquired a second site in South San Francisco dedicated to the robust characterization of advanced therapies. The company will soon open a new location in New Albany, Ohio, to add technologies and partnerships that further expedite the safe commercialization of novel therapeutics.
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STM | Hot Stocks09:03 EST STMicroelectronics introduces STM32C0 series microcontrollers - STMicroelectronics is again broadening access to its STM32 microcontroller (MCU) family by introducing the most affordable series yet: the STM32C0.In assuring availability, ST targets the new STM32C0 series to equipment like home appliances, industrial pumps, fans, smoke detectors, typically served by simpler 8-bit and 16-bit MCUs. The modern, 32-bit design of the STM32C0 permits improvements such as faster response, extra functions, and network connection at similar overall cost and power consumption. At the same time, its entry-level simplicity and free and extensive support ecosystem with resources including tools, software packs, and the chance to connect with various developer communities ease entry to the 32-bit world for new users.
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LCID | Hot Stocks09:02 EST Lucid Group reports vehicle production up 53% sequentially in Q4 to 3,493 - Lucid Group reported production and delivery totals for Q4. The company produced 3,493 vehicles during Q4 at its manufacturing facility in Arizona and delivered 1,932 vehicles during the same period. On a full-year basis, the company produced 7,180 vehicles, exceeding provided guidance range of 6,000-7,000 vehicles, and delivered 4,369 vehicles.
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HOOD | Hot Stocks09:02 EST Robinhood opens Robinhood Retirement to all eligible customers - Robinhood Markets announced that Robinhood Retirement is now available to all eligible customers. Robinhood Retirement, which launched via waitlist in December, is the first and only IRA to offer a 1% match for every eligible dollar contributed. Since it was first announced, Robinhood has granted access to more than 1 million people on the retirement waitlist.
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AXP | Hot Stocks09:02 EST American Express to acquire B2B payments automation company Nipendo - American Express announced that it has entered into an agreement to acquire Nipendo, a company used by global businesses to automate and streamline business-to-business, B2B, payments processes. The transaction is American Express' latest strategic step toward its goal of creating a leading end-to-end B2B platform, making business payments simpler and more efficient. Nipendo's platform allows businesses to easily connect, communicate, and automate Procure-to-Pay processes, including accounts payable and receivable. "Our extensive direct relationships with both buyers and suppliers puts us in a unique position to transform the way companies pay for goods and services. We are taking the friction out of B2B payments, paving the way for faster, more efficient, and transparent transactions," said Anna Marrs, Group President, Global Commercial Services and Credit & Fraud Risk at American Express. "With Nipendo, we will strengthen our expertise and capabilities in the space, and their innovative platform will give business customers common ground to connect and transact on the Amex network." The acquisition is subject to customary closing conditions and is expected to close within the quarter.
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MARK | Hot Stocks09:01 EST Remark Holdings regains Nasdaq compliance - Remark Holdings announced that it received a letter from The Nasdaq Stock Market LLC confirming that it has regained compliance with the $1.00 minimum bid price requirement of Nasdaq Listing Rule 5550(a)(2). Accordingly, the Nasdaq Hearings Panel has determined that the company's common stock will continue to be listed on the Nasdaq Stock Market and as a result, considers this matter now closed.
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GWRE AIZ | Hot Stocks08:56 EST Guidewire, Assurant partner to streamline insurance processes - Guidewire (GWRE) and Assurant (AIZ) announced that Assurant has joined Guidewire PartnerConnect as a Solution partner. Assurant is working to transform the way insurance is verified and processed with solutions that streamline data exchange. Assurant's Carrier Direct Endorsement solution expedites claim check endorsements, while its HOIVerify solution facilitates digital, no-touch homeowners insurance verification. Assurant's Ready for Guidewire integrations will enable Guidewire users to integrate to its Carrier Direct Endorsement and HOIVerify solutions.
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ADEA | Hot Stocks08:56 EST Adeia renews multi-year IP license agreement with Fetch TV - Adeia announced that Fetch TV, a leading Australian content aggregation platform has renewed a multi-year agreement to license Adeia's media intellectual property portfolio. "As consumer demand for content aggregation services in Australia grows, market leaders like Fetch are integrating the latest innovations to ensure that viewers have seamless access to a growing selection of high-quality entertainment experiences. This patent license extension with Fetch further confirms the value and longevity of Adeia's intellectual property portfolios, including in Australia's vibrant home entertainment market," said Dr. Mark Kokes, Adeia's chief licensing officer and general manager of media.
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PNT LNTH | Hot Stocks08:54 EST Point Biopharma completes randomization in PNT2002's Phase 3 Splash trial - Point Biopharma (PNT) announced the completion of enrollment for the randomization phase in the pivotal phase 3 SPLASH trial, on schedule and meeting previous guidance. SPLASH is a multi-center, randomized, open label assessment of 177Lu-PNT2002 in participants with PSMA-expressing metastatic castration resistant prostate cancer who have progressed on androgen receptor pathway inhibitor therapy and refuse, or are not eligible for, chemotherapy. Enrollment for randomization was completed on schedule with more than 390 participants randomized across 55 SPLASH trial sites in North America, Europe, and the United Kingdom. "We are proud to have reached this important milestone for the PNT2002 program," said Jessica Jensen, Executive Vice President, Clinical Development of POINT Biopharma...On November 14 , POINT announced a set of strategic collaboration agreements with Lantheus Holdings (LNTH) related to POINT's PNT2002 and PNT2003 product candidates, which closed on December 20.Under the agreements, POINT will fund and complete its phase 3 SPLASH trial for PNT2002, following which Lantheus will file the New Drug Application in collaboration with POINT.For PNT2003, POINT recently received the OZM-067 clinical trial data sets from the trial sponsor. POINT will facilitate the analysis of the data sets. Lantheus will prepare and submit the regulatory filings in the U.S. The companies have formed joint steering committees to oversee the clinical studies, regulatory filings, manufacturing, and commercial readiness for both PNT2002 and PNT2003. POINT will develop commercial production capacity and manufacture clinical and commercial supply for both PNT2002 and PNT2003. Lantheus has the rights to commercialize both assets post regulatory approval, excluding certain Asian territories .
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ISUN | Hot Stocks08:51 EST iSun wins three new solar contracts valued at $9.7M - iSun announced that it was awarded three contracts with a total value of $9.7M to implement solar energy solutions in communities in northern New England. The new projects result from a new partnership that iSun has formed with an integrated nationwide solar developer. HIGHLIGHTS: New awards of 9.0 MW in total will add to iSun's already completed portfolio of projects in northern New England; Three new contracts valued at $9.7 million together underscore iSun's ability to help construct significant commercial projects that advance the implementation of solar energy; New partnership with a nationwide integrated solar developer demonstrates iSun's experience and responsiveness; and Projects are underway and expected to be completed this year. "The three project awards from our new partner represent important wins for our team as we continue to demonstrate our ability to expand our customer base across New England," said Jeffrey Peck, Chairman and Chief Executive Officer of iSun. "We are working diligently to address the continued strong customer demand for solar energy in our markets, and I'm very pleased with the success of our team in cultivating long-term customer relationships for iSun. The transition to clean energy remains the most important initiative of our generation and we are proud to assist more customers throughout our markets in achieving alternative energy solutions."
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FATP | Hot Stocks08:50 EST Fat Projects Acquisition postpones general meeting of shareholders - Fat Projects Acquisition postponed the General Meeting of Shareholders scheduled to occur on January 12, 2023 at 9:30 a.m. EST until January 13, 2023 at 1:00 p.m. EST. On December 30, 2022, FATP filed a Definitive Proxy Statement on Schedule 14A with respect to the General Meeting to vote on, among other things, a proposal to amend FATP's Amended and Restated Memorandum and Articles of Association to change the procedure by which FATP can extend the deadline to consummate a business combination from January 15, 2023 to July 15, 2023 and a proposal to make corresponding amendments to its Investment Management Trust Agreement dated October 12, 2021 with Continental Stock Transfer and Trust Company. FATP filed a Current Report on Form 8-K on January 6, 2023 announcing an increase in the Extension Price described below from $0.06 per share to $0.0625 per share FATP is: postponing the previously scheduled meeting until 1:00 p.m. EST on Friday, January 13, 2023, to solicit additional redemption notices from its public shareholders; revising the terms of the Extension Amendment and Trust Amendment to reduce the amount that FATP or its Sponsor must deposit into FATP's trust account to obtain each 1-month Extension from $0.0625 per share to $0.0575 per share; and reopening the period during which holders of FATP's Class A ordinary shares can submit their shares for redemption in connection with the Extension Amendment until 11:00 a.m. EST on Friday, January 13, 2023. The purpose of an Extension is to allow FATP more time to complete its previously announced business combination with Avanseus Holdings. The purpose of the Extension Amendment and the Trust Amendment are to allow FATP to obtain up to six 1-month Extensions at a cost per Extension of $0.0575 for each public share that is not redeemed in connection with the amendments instead of obtaining up to two 3-month Extensions at a cost of $1,725,000 per Extension.
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HPE | Hot Stocks08:49 EST HP Enterprise acquires Pachyderm to expand AI-at-scale capabilities - Hewlett Packard Enterprise announced an expansion to its AI-at-scale offerings with the acquisition of Pachyderm, a startup that delivers software, based on open-source technology, to automate reproducible machine learning pipelines that target large-scale AI applications. "As AI projects become larger and increasingly involve complex data sets, data scientists will need reproducible AI solutions to efficiently maximize their machine learning initiatives, optimize their infrastructure cost, and ensure data is reliable and safe no matter where they are in their AI journey," said Justin Hotard, executive vice president and general manager, HPC and AI, at HPE. "Pachyderm's unique reproducible AI software augments HPE's existing AI-at-scale offerings to automate and accelerate AI and unlock greater opportunities in image, video, and text analysis, generative AI, and other emerging large-language-model needs to realize transformative outcomes."
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CNSP | Hot Stocks08:49 EST CNS Pharmaceuticals' Berubicin featured in Phase 1b/2 lymphoma trial - CNS Pharmaceuticals announced an investigator-initiated Phase 1b/2 trial evaluating the company's novel anthracycline, Berubicin, which will be conducted in Poland. The study will be a single-arm, open-label Phase 1b/2 clinical trial assessing the efficacy, safety, and pharmacokinetics of Berubicin in a multidrug treatment regimen for adult patients with newly diagnosed or relapsed/refractory primary central nervous system lymphoma - PCNSL - and non-Hodgkin's lymphoma with central nervous system involvement - NHL-CNSI -. The primary efficacy endpoint for the study is to evaluate the safety and tolerability of Berubicin in combination with other cytostatic agents and to determine the recommended Phase 2 dose of Berubicin. The purpose of the dose escalation strategy is to evaluate dose limiting toxicities and establish the appropriate dose to utilize into Phase 2. Berubicin is currently being evaluated for efficacy and safety in the treatment of glioblastoma multiforme, an aggressive and incurable form of brain cancer, by CNS Pharmaceuticals in an ongoing, potentially pivotal global study.
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NLSP | Hot Stocks08:48 EST NLS Pharmaceutics to host R&D update webcast - NLS Pharmaceutics announced plans to showcase its global strategic R&D progress and platform, as well as its product candidate and pipeline goals for 2023, with a focus on rare and complex CNS disorders with unmet medical needs. NLS will webcast its upcoming virtual R&D Day event on the Investors section of the Company's website, www.nlspharma.com, on January 31, 2023, at 10:00 am EST.
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CNDT | Hot Stocks08:47 EST Conduent launches IntelliHealth module for healthcare provider engagement - Conduent announced the launch of the IntelliHealth module for healthcare provider engagement. This new module is an end-to-end solution to help pharma organizations improve access to, and increase engagement with, healthcare professionals to drive focused pharmaceutical sales and marketing. IntelliHealth enables pharma organizations to power faster and more effective product commercialization with advanced analytics, omnichannel communication and experienced sales professionals and medical science liaisons. The robust platform delivers highly flexible hybrid engagement models that enable pharma organizations to reduce risk, manage costs and gain competitive advantages while driving ROI across the full life cycle of a drug therapy.
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USER | Hot Stocks08:47 EST UserTesting completes acquisition of Thoma Bravo, Sunstone - UserTesting announced the completion of its acquisition by Thoma Bravo and Sunstone Partners, in an all-cash transaction valued at approximately $1.3B. The agreement to be acquired was previously announced on October 27, 2022 and approved by UserTesting stockholders at the Special Meeting of Stockholders held on January 10, 2023. With the completion of the transaction, UserTesting stockholders are entitled to receive $7.50 per share in cash for each share of UserTesting common stock they owned. UserTesting's common stock has ceased trading and will be delisted from the New York Stock Exchange.
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AIP | Hot Stocks08:46 EST Arteris IP announces employment inducement grants - Arteris announced that the company has granted an aggregate of 260,483 restricted stock units to four newly hired employees as inducement awards under the company's 2022 Employee Inducement Incentive Plan. The grants were made in accordance with Nasdaq Listing Rule 5635(c)(4). The effective RSU grant date is January 10, 2023, and it was approved by the company's board of directors.
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FUJHY HTCR | Hot Stocks08:46 EST HeartCore CMS introduced as platform by Subaru Group - HeartCore Enterprises (HTCR) announced that HeartCore CMS, the Contents Management system provided by HeartCore, has been introduced by Subaru Group (FUJHY) to its centralized management platform for approximately 100 Subaru websites. An advertisement introducing the background of the integration has been released, which can be found here.The advertisement explains that Subaru has developed a common Web infrastructure using HeartCore CMS as a measure to strengthen their internal Web governance in Japan. In the process, they consolidated approximately 100 websites within Subaru into this single environment. As a result, HeartCore CMS will be used to enhance the governance and security of the website, realizing Subaru's "Safety and Security" on the website infrastructure.HeartCore will continue to introduce HeartCore CMS as the foundation for website operation and content management for companies and organizations.
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LPTH | Hot Stocks08:43 EST LightPath announces pricing of $10M public offering of common stock - LightPath Technologies announced the pricing of its previously announced public offering of 9,090,910 shares of common stock at a purchase price of $1.10 per share for aggregate gross proceeds of approximately $10 million, before deducting placement agent fees and other offering expenses. The closing of the offering is expected to occur on or about January 17, 2023, subject to the satisfaction of customary closing conditions. We intend to use the net proceeds from the offering to fund our future growth initiatives, working capital and general corporate purposes. A.G.P./Alliance Global Partners is acting as the sole placement agent for the offering.
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SFET ALAR | Hot Stocks08:42 EST Safe-T announces corporate rebranding to Alarum Technologies - Safe-T Group announced a corporate rebranding in response to accelerated company growth. At the heart of this rebranding is a change of the Company's name to Alarum Technologies Ltd. to embody its corporate vision and core values. The new name, Alarum, is derived from the Latin word for "warning" and is rooted in the Company's focus and commitment to provide advanced privacy and cybersecurity solutions. Over the past 18 months, the Company anchored its position as the market leader of cybersecurity and privacy solutions. It has experienced significant growth, which reflects the increasing recognition by private and enterprise customers that choose the value-added benefits of the Company's various solutions. The rebranding as Alarum better reflects the Company's current business as a provider of cybersecurity and privacy solutions for consumers and enterprises, and better expresses the Company's evolving identity and diversified growth ambitions. CEO Shachar Daniel, commented: "At Alarum, our mission is to enable a secure network environment and protect organizations and individuals from privacy breaches and cyber-attacks. Our commitment to our customers, partners and shareholders remains our highest priority and we are excited to embark on this new chapter under the Alarum brand." The rebranding includes a new name and an update to the Company's corporate logo and website. Alarum's Nasdaq and TASE trading symbols will change to ALAR. The Company will continue to trade under its current name until regulatory processes are finalized. The Company expects the transition to be completed and take effect on January 25, 2023. There will be no change to the Company's CUSIP number.
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NGMS | Hot Stocks08:41 EST NeoGames' BtoBet secures regulatory approval for Ontario launch - NeoGames announced that its subsidiary BtoBet, a leading sports betting supplier, has secured regulatory approval from the Alcohol and Gaming Commission of Ontario or AGCO , paving the way for its entry in the market under the new regulations.Tsachi Maimon, President of NeoGames, said: "Obtaining the registration approval from the AGCO is an important milestone for the company as we seek to expand our presence in the North American region. This approval underscores BtoBet's exemplary track record in compliance, and we are excited to be in a position to deliver our market-leading sportsbook technology to customers in Ontario." The approval by the AGCO will allow BtoBet to provide its leading sportsbook technology and services to operators looking to launch in this promising market, ensuring the players' safety while engaging with the company's online sports betting platform.AGCO's approval comes after the recently acquired GLI-33 Events Wagering System Certification by Gaming Laboratories International for the company's sportsbook platform which opens the door for BtoBet to launch its sports betting technology across the North American market.
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CDXC | Hot Stocks08:41 EST ChromaDex appointed Bohr to its SAB - ChromaDex announced it has appointed Dr. Vilhelm Bohr, M.D., Ph.D., D.Sc. to its Scientific Advisory Board, SAB. For the past 30 years, Dr. Bohr served as Chief of the Laboratory of Molecular Genetics at the National Institute on Aging, which is part of the National Institute of Health.
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IMNN | Hot Stocks08:39 EST Imunon receives $1.6M from sale of New Jersey NOLs - IMUNON announced it has received $1.6M in net cash proceeds from the sale of approximately $1.7M of its unused New Jersey net operating losses. The NOL sales cover the tax year 2021 and are administered through the New Jersey Economic Development Authority's Technology Business Tax Certificate Transfer program. This non-dilutive funding further strengthens the Company's balance sheet. The Company plans to sell an additional $1.8M of unused New Jersey NOLs available to the Company under the program in 2023. Based on current budget projections, the Company anticipates the current cash balance coupled with future sales of its unused NOLs to be sufficient to fund its operations and clinical development programs into 2025.
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MLSS | Hot Stocks08:38 EST Milestone Scientific in distribution pact with European dental distributor - Milestone Scientific announced it has entered into a distribution agreement with Sweden & Martina, a leading European dental distributor and manufacturer. Under the agreement, Sweden & Martina has been awarded the exclusive rights to market Milestone's STA Single Tooth Anesthesia System in the new markets of Spain, Portugal and France. In addition, Sweden & Martina will replace the Company's current distributor in Italy and become its exclusive STA distributor in this market. Head of Global Business Development, Mr. Leonardo Lago of Sweden & Martina, stated, "We are excited to start our collaboration with Milestone Scientific, and we strongly believe in the STA technology as an evolution of the anesthetic method in dentistry. We are sure it will be a successful partnership for both companies."
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HHLA | Hot Stocks08:38 EST DiaCarta receives EUA from FDA for Monkeypox Test Kit - DiaCarta announced that the U.S. Food and Drug Administration granted Emergency Use Authorization for its QuantiVirus MPXV test, which is a PCR test for the qualitative detection of DNA from monkeypox virus in lesion swabs collected from individuals suspected of monkeypox infection. The test is designed for use by authorized laboratories on the most popular qPCR instruments, including the Thermo Fisher QuantStudio5, Thermo Fisher 7500 Fast Dx, Bio-Rad CFX384, and Roche LightCycler 480 II Systems.
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TMO | Hot Stocks08:37 EST Thermo Fisher joins Momentum Labs as a founding sponsor of biotech hub - Thermo Fisher Scientific announced it has become a founding sponsor of Momentum Labs in Alachua, Fla. Momentum Labs will serve as a collaborative laboratory and office space for growing biotech businesses in the greater Gainesville region. The venture is spearheaded by Concept Companies, a national real estate development firm headquartered in Gainesville. "From a regional and state perspective, Momentum Labs provides critical infrastructure and business development resources to support the growth of life sciences in Florida, giving the ecosystem the opportunity to retain companies rather than losing them to other communities," said Abhinav Akhoury, vice president, corporate accounts, Thermo Fisher Scientific. "Through our sponsorship, Momentum Labs has the ability to provide the latest innovative technologies to high-growth life science companies that are developing tomorrow's life-changing medicines."
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POAI | Hot Stocks08:36 EST Predictive Oncology appoints Robert Murphy to Scientific Advisory Board - Predictive Oncology announced the appointment of Robert Murphy, Ph.D., to the company's Scientific Advisory Board where he will serve alongside other key thought leaders in their respective fields to guide the company's scientific initiatives and growth strategy. As a pioneer in the field of machine learning and analytics for biological data, Dr. Murphy is an expert in developing algorithms and models to understand biological systems and relationships. He was founding head of the Computational Biology Department at Carnegie Mellon University, and led the development of CORE, the machine learning technology that is exclusive to and powers Predictive Oncology's PEDAL platform.
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VNRX IDXX | Hot Stocks08:36 EST VolitionRx: Nu.Q Vet Cancer Test available through Idexx Laboratories network - VolitionRx (VNRX) announces the availability of its Nu.Q Vet Cancer Test through the IDEXX Laboratories (IDXX) reference laboratory network in the U.S.
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BLIN | Hot Stocks08:35 EST Bridgeline Digital wins over $500K in SaaS license sales for Q1 - Bridgeline Digital provided the following update for the end of its first quarter of fiscal 2023, which ended December 31. Bridgeline reported 22 SaaS license sales totaling over $500K in total contract value with $250K in annual recurring revenue for its first quarter of fiscal year 2023. Bridgeline's customer base continues to expand its investment in Bridgeline software with 10 license sales to its existing customer base plus over $100K of additional capacity licenses for the holiday season and nearly $500 thousand in consulting services. Bridgeline also saw outstanding customer subscription renewals, with more than 125 renewing customers including Ron Jon, Dairy Queen, and Guardian Life. The Company will continue to invest in this sector with marketing initiatives in 2023 including presenting at major conferences, webinars, and online advertising.
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VZ | Hot Stocks08:35 EST Verizon surpasses 3.0 gigawatts of projected renewable energy capacity - Verizon signed four new long-term renewable energy purchase agreements for an aggregate of up to 410 megawatts of renewable energy capacity. With these new agreements, Verizon has surpassed 3.0 gigawatts of total projected renewable energy capacity, as it continues to be a leading buyer of U.S. renewable energy. These agreements also position the company to meet its goal to source or generate renewable energy equivalent to 50 percent of its total annual electricity consumption by 2025. Since 2019, Verizon has signed 24 REPAs for more than 3.0 GW of projected renewable energy capacity, which is roughly equivalent to 8.4 million megawatt hours of annual electricity production, enough to power more than 707,000 homes for a year. These agreements also support Citizen Verizon, the company's responsible business plan for economic, environmental and social advancement.
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SGBX | Hot Stocks08:34 EST Safe & Green announces official search for Chief Financial Officer - Safe & Green announced that the Company is actively working with top executive search firms and recruiting agencies to find the best fit for the role of Chief Financial Officer with the newly titled parent company, Safe & Green Holdings Corp. The Company's goal is to on-board a new Chief Financial Officer for the parent company to coincide with the finalization of the proposed Safe and Green Development Corporation spin-off, which will create an independent, publicly traded Company.
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EDBL | Hot Stocks08:34 EST Edible Garden achieves above-industry order fulfillment rates - Edible Garden announced that it has achieved above-industry order fulfillment rates, which led in part to a successful 2022 holiday season. Jim Kras, CEO of Edible Garden, commented, "We are proud to report that during the recent 2022 holiday season, the Company's order fulfillment rate across all of our retailers and distribution partners contributed to a successful holiday season. Our overall fill rate exceeded industry averages, and in particular, we achieved a fill rate in excess of 100% at one of the nation's largest operators of supercenters, further strengthening our existing relationship with this retailer. Achieving this level of performance, despite the unprecedented supply chain challenges facing the industry, demonstrates the high levels of service and execution that Edible Garden is able to provide to its customers. By continuing to exceed our partners' expectations, not only during the holiday season, but throughout the entire year, we believe that our partners have gained confidence in Edible Garden as a trusted, dependable supplier for sustainably grown produce."
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CTSH | Hot Stocks08:33 EST Cognizant appoints Ravi Kumar S as CEO - Cognizant has named Ravi Kumar S as CEO and a member of the Board, effective immediately. Kumar succeeds Brian Humphries in both roles. To facilitate a smooth transition, Humphries will remain with the company as a special advisor until March 15, 2023. Kumar joins Cognizant after a 20-year career at Infosys, where he held various leadership roles, most recently serving as President from January 2016 through October 2022. Stephen Rohleder, a member of Cognizant's Board since March 2022, has been elected Chair of the Board. Former Chair Michael Patsalos-Fox will remain on the Board as an independent director. Rohleder joined the Board in March 2022 as part of the Board's ongoing Board refreshment process. In connection with the CEO transition, Cognizant has also named Surya Gummadi President, Cognizant Americas. Gummadi had held the role on an interim basis since July 2022 and previously served as SVP of Cognizant's Health Sciences business segment.
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CTSH | Hot Stocks08:33 EST Cognizant appoints Ravi Kumar S as CEO - Cognizant has named Ravi Kumar S as CEO and a member of the Board, effective immediately. Kumar succeeds Brian Humphries in both roles. To facilitate a smooth transition, Humphries will remain with the company as a special advisor until March 15, 2023. Kumar joins Cognizant after a 20-year career at Infosys, where he held various leadership roles, most recently serving as President from January 2016 through October 2022. Stephen Rohleder, a member of Cognizant's Board since March 2022, has been elected Chair of the Board. Former Chair Michael Patsalos-Fox will remain on the Board as an independent director. Rohleder joined the Board in March 2022 as part of the Board's ongoing Board refreshment process. In connection with the CEO transition, Cognizant has also named Surya Gummadi President, Cognizant Americas. Gummadi had held the role on an interim basis since July 2022 and previously served as SVP of Cognizant's Health Sciences business segment.
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MA | Hot Stocks08:32 EST MasterCard names Corr as EVP of investor relations - Mastercard Incorporated appointed Devin Corr as executive vice president, EVP, of investor relations, effective May 1, 2023. This appointment comes as Warren Kneeshaw announced he will retire from Mastercard. Kneeshaw joined Mastercard in 2016. Kneeshaw will continue to serve in an advisory capacity and work on special projects through the end of the year. As executive vice president of investor relations, Corr will oversee the team responsible for cultivating relationships with the investment community. His team will continue to focus on educating and updating investors and providing management and the board with feedback on how the market views the company. Corr currently serves as the chief financial officer for Mastercard's Data and Services activities.
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TROW | Hot Stocks08:31 EST T. Rowe Price reports preliminary AUM $1.28T at December 31, 2022 - T. Rowe Price reported preliminary month-end assets under management of $1.28T as of December 31, 2022. Preliminary net outflows for the fourth quarter of 2022 were $17.1B, bringing preliminary year-to-date net outflows to $61.7B.
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SLDP | Hot Stocks08:27 EST Solid Power expects $5.6M from DOE award to develop battery cells - Solid Power announced that it received notification of an award from the U.S. Department of Energy ,DOE, ARPA-E group to continue its development of nickel- and cobalt-free solid-state battery cells. Solid Power expects to receive up to $5.6M to develop battery cells containing a lithium metal anode and sulfur composite cathode to enable improved energy and charging performance. "Replacing costly nickel and cobalt in the cathode with sulfur could lead to a lower cost EV battery with improved energy and fast-charging capabilities," said David Jansen, Interim CEO, President and Chair of Solid Power. "I'd like to thank the Solid Power development team for their outstanding work and the DOE for their continued confidence in our company's value proposition." The DOE recently announced $42M in funding for 12 projects to strengthen the domestic supply chain for advanced batteries that power electric vehicles EVs , with Solid Power's award being a portion of this funding. Projects selected for the Electric Vehicles for American Low-Carbon Living program aim to expand domestic EV adoption by developing batteries that last longer, charge faster, perform efficiently in freezing temperatures and have better overall range retention.
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CUEN | Hot Stocks08:27 EST Cuentas appoints Lexi Terrero to board of directors - Cuentas announced the appointment of Lexi Terrero as a new independent director to its Board. Terrero is a Managing Partner of The Flo Lab, a Full-Service Marketing Agency with offices in New York, Miami & Dallas.
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NLSP | Hot Stocks08:26 EST NLS Pharmaceutics announces compliance with Nasdaq bid price rule - NLS Pharmaceutics announced that it received a notification letter from the Nasdaq Listing Qualifications Staff of The Nasdaq Stock Market notifying the Company that it has regained compliance with the Nasdaq's minimum bid price requirement. On June 10, 2022, NLS was first notified by Nasdaq of its failure to maintain a minimum bid price of $1.00 per share for 30 consecutive business days under Nasdaq Listing Rules 5550(a)(2) and 5810(c)(3)(A), and was given a 180-day extension, or until December 5, 2022 to regain compliance. On December 6, 2022, NLS received an additional written notice from the Nasdaq Staff that the bid price requirement was not met, that NLS was not eligible for a second 180-day extension and that the bid price issue provided a separate basis for delisting of the Company's common shares. The letter NLS received from Nasdaq on January 10, 2023 noted that as of January 9, 2023, the Company evidenced a closing bid price of its common shares at or greater than the $1.00 per share minimum requirement for the last 10 consecutive business days, from December 20, 2022 through January 9, 2023. Nasdaq stated that accordingly, NLS has regained compliance with Nasdaq Listing Rule 5550(a)(2).
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ZTEK | Hot Stocks08:25 EST Zentek appoints Mitch Swergold as director of investor relations - Zentek welcomes Mitch Swergold as its Director of Investor Relations. After practicing law and serving as a research analyst at two investment banks, Swergold was a Senior Analyst and Portfolio Manager at various hedge funds, focusing on technology and macroeconomic investing. Swergold's responsibilities include assisting management in presenting updated business information to investors, communicating with investors and related functions. Concurrent with the appointment, and in accordance with the Company's long-term incentive plan, the Company has granted 50,000 incentive stock options to Swergold, which are exercisable, subjecting to vesting provisions, over a period of three years at an exercise price of $1.93. Additionally, Swergold is currently the holder of 36,700 common shares in the capital of the Company.
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ADXS | Hot Stocks08:24 EST Advaxis announces expansion of enrollment at second dose level in ADXS-504 trial - Advaxis announced an update on the Phase 1 clinical study evaluating ADXS-504, the company's off-the-shelf neoantigen drug candidate, in patients with biochemically recurrent prostate cancer that is being conducted at Columbia University Irving Medical Center. Karie Runcie, MD, assistant professor of medicine, and Mark N. Stein, MD, associate professor of medicine, in the division of hematology/oncology at Columbia University Vagelos College of Physicians and Surgeons and members of the Herbert Irving Comprehensive Cancer Center, are the study's principal and senior investigators, respectively. The study design of this phase 1 open-label dose escalation study for patients in both dose cohorts was presented at the 2022 ASCO Annual Meeting by Dr. Runcie. The clinical assessment of three patients at the first dose level and three at the second dose level has shown that ADXS-504 monotherapy is safe and well-tolerated. In this study, ADXS-504 is being administered via infusion every four weeks for a total of six doses, followed by four additional maintenance doses every twelve weeks, in patients with biochemically recurrent prostate cancer, i.e., those with elevation of prostate-specific antigen in the blood after radical prostatectomy or radical radiotherapy and who are not currently receiving androgen ablation therapy. Patients have experienced mild and short-lived flu-like symptoms after the infusion of ADXS-504 at both the first and second dose levels. The trial is currently expanding enrollment at the second dose level by up to six additional patients for a total of nine patients. The study investigators will evaluate the immunogenicity data after all of the patients at the higher dose level have completed the study treatment. ADXS-504 is a novel Lm-based immunotherapy, bioengineered to elicit T cell responses against 24 tumor antigens, including 14 peptide antigens derived from hotspot mutations in patients with prostate cancer and 10 peptide antigens derived from sequence-optimized tumor-associated antigens that are differentially expressed or overexpressed in prostate cancer. ADXS-504 is designed to express multiple tumor antigen targets, potentially leading to generation of a broad set of effector T cells and NK cells that may enhance tumor control. Similar to Advaxis's other Lm-based immunotherapies, ADXS-504 is expected to induce an innate immune response followed by the adaptive response and modification of the immunosuppressive tumor microenvironment by reducing regulatory T cells and myeloid-derived suppressor cell frequencies in the TME.
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VTYX | Hot Stocks08:23 EST Ventyx Biosciences appoints Allison Hulme, Ph.D. to board - Ventyx Biosciences announced the appointment of Allison J. Hulme, Ph.D. and Onaiza Cadoret-Manier to its board of directors. Dr. Hulme and Ms. Cadoret-Manier are both successful executives who each bring a wealth of knowledge from more than 30 years of experience in biotech and pharmaceutical drug development and commercializatio. Dr. Allison Hulme currently serves as Chief Executive Officer, President and a board member of Aeovian Pharmaceuticals. Prior to this, she served as Chief Operating Officer, Head of Research and Development and a board member at Sophiris Bio. Prior to joining Sophiris, Dr. Hulme served as the Executive Vice President and Head of Global Development at Elan Corporation. Before Elan, Dr. Hulme held several positions in clinical research at Glaxo Wellcome Pharmaceuticals and was a lecturer in biological sciences at University of Bedfordshire. Dr. Hulme holds a Ph.D. in Biotechnology from Cranfield Institute of Technology and a Bachelor of Science in Combined Sciences from Luton University in 1985. Onaiza Cadoret-Manier currently serves as Executive Vice President, Chief Global Product Strategy and Operations officer at Ionis Pharmaceuticals. Prior to Ionis, she served as the Chief Commercial Officer for Grail Biosciences. Prior to Grail, she served as Vice President of the immunology franchise at Genentech. Ms. Cadoret-Manier also has held multiple senior management positions overseeing corporate strategy, alliances and marketing and sales for Genentech, Pfizer and Amylin Pharmaceuticals. Ms. Cadoret-Manier currently serves on the board of Ardelyx. Onaiza has an MBA from the University of Chicago and a bachelor's degree in economics and accounting from Queens College of City University of New York.
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VRME | Hot Stocks08:20 EST VerifyMe signs Mutual Sales Referral Agreement with The Agrarian Group - VerifyMe announced that it has entered into a Mutual Sales Referral Agreement with The Agrarian Group. The Agreement is structured to help advance food safety and customer loyalty, as well as increase revenue for both companies. TAG specializes in education that focuses on next generation agriculture to address the growing water, energy and food security nexus.
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NKOSF | Hot Stocks08:20 EST Labrador Gold announces results from drilling at Appleton Fault Zone - Labrador Gold announced the latest results from recent drilling targeting the highly prospective Appleton Fault Zone over a 12km strike length. The drilling is part of the Company's ongoing 100,000 metre diamond drilling program at its 100% owned Kingsway Project. Highlights of the drilling include an intersection of 20.88 g/t Au over 5 metres that included 124.21g/t Au over 0.81 metres and 7.41 g/t Au over 1.0 metres in Hole K-22-206, and 6.04 g/t Au over 1.20 metres in Hole K-22-208. Both holes were drilled at the north end of Big Vein. "We continue to follow up on the success of last year's drilling at Big Vein with another high-grade intersection at the north end of the zone. Big Vein has now been drilled over a strike length of approximately 520 metres along the west side of the Appleton Fault Zone and remains open to the northeast and to the southwest," said Roger Moss, President and CEO. "Drilling is ongoing at both ends of the zone to extend the strike length of the mineralization."
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ERIC | Hot Stocks08:19 EST Ericsson makes $220M provision in Q4 for potential DPA breach resolution - Ericsson is now in a position to make a provision of $220M in relation to a potential resolution with the U.S. Department of Justice - DOJ - regarding previously announced, non-criminal, alleged breaches under its 2019 Deferred Prosecution Agreement. Ericsson has not reached a resolution with the DOJ regarding these alleged breaches and discussions are ongoing. This charge, which will be booked in the company's Q4 financial results, will be SEK2.3B, or approx. $220M. The company believes that this is a sufficiently reliable estimate of the financial penalty associated with any potential breach resolution, and this provision also includes estimated expenses for the previously announced extended monitorship. The company's internal investigation and its cooperation with authorities in relation to the allegations in the 2019 Iraq-related internal investigation report remain open and ongoing. The company agreed in December 2022 to extend its independent compliance monitorship until June 2024 to further our efforts to embed best-in-class compliance, risk management and internal controls frameworks across the organization. The DOJ notified Ericsson that it failed to provide documents and information to the DOJ in a timely manner and did not adequately report to the DOJ certain information relating to a 2019 Iraq-related internal investigation. The DOJ has not alleged or charged Ericsson with any new criminal misconduct since the start of the DPA.
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PETV | Hot Stocks08:18 EST PetVivo announces plan for new manufacturing facility - PetVivo Holdings announced it has entered into a lease agreement for approximately 14,000 sq. ft. of production and warehouse space located in Edina, Minnesota. This new facility will include multiple clean rooms for large-scale production of Spryng with OsteoCushion Technology, as well as other medical devices and therapeutics in the PetVivo product pipeline. The Company plans to move all of its production to this facility beginning in August 2023. "Moving ahead with this manufacturing facility represents a significant commitment in bringing our life changing product Spryng to horses and small animals suffering from lameness throughout the world," said John Lai, Chief Executive Officer for PetVivo Holdings, Inc. ""Expanding our manufacturing footprint provides us the with the production capacity to meet our growth objectives for Spryng and other medical devices and therapeutics of tomorrow."
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ICNAF | Hot Stocks08:16 EST Leef Brands acquires retail dispensary in Palm Desert, California - LEEF Brands announced that it has completed the acquisition of The Leaf at 73740 in an all-stock transaction as at January 11, 2023. The transaction was previously announced on September 19, 2022. The Leaf is a premium California retailer located in the heart of Palm Desert, California at 73740 El Paseo. Under the terms of the purchase agreement, LEEF brands acquired all of the equity interests in the Leaf for 92,901,504 common shares at a price per share equal to $0.0666. The Acquisition is expected to be immediately accretive to LEEF Brands on both a Sales and EBITDA basis. All Shares issued will be subject to a contractual lock-up period. Bayline Capital Partners acted as financial advisor and Jackson Tidus LLP acted as US legal advisor to LEEF Brands. The Company has also announced that the Board of Directors has approved the grant of an aggregate of 8,450,000 restricted stock units to officers and consultants of the Company. 7,250,000 RSUs will vest immediately with the remaining 1,200,000 vesting evenly over 12 months. Each vested RSU entitles the holder to receive one common share of the Company.
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NARI | Hot Stocks08:16 EST Inari:1st patient enrolled in 'clinical outcomes' study of ClotTriever for DVT - Inari Medical announced that the first patient has been enrolled in DEFIANCE, a prospective randomized controlled trial comparing the clinical outcomes of patients with iliofemoral deep vein thrombosis treated with the ClotTriever System versus anticoagulation only. The trial is led by Principal Investigators: Dr. Xhorlina Marko, Interventional Radiologist at Beaumont Health; Dr. Steven Abramowitz, Chair of Vascular Surgery at MedStar Health; and Professor Stephen Black, MD, consultant vascular surgeon, Guy's and St. Thomas' Hospital, London. The first DEFIANCE patient was enrolled by Dr. Abdullah Shaikh, Interventional Radiologist at Allegheny Health Network, Pittsburgh, PA. DEFIANCE will enroll 300 DVT patients at up to 60 centers worldwide. DEFIANCE is Inari's second RCT, enrolling in parallel to the PEERLESS pulmonary embolism trial. "We're thrilled to enroll the first patient and officially kick off this important clinical trial," said Dr. Shaikh. "ClotTriever is fundamentally different than other DVT treatments. This trial is designed to produce definitive evidence to change standard of care."
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WMT CRM | Hot Stocks08:15 EST Walmart enters partnership with Salesforce to provide solutions for retailers - Retailers using Salesforce Commerce Cloud (CRM) can now offer their customers pickup and delivery experiences with Walmart's (WMT) store fulfillment technologies and local delivery services. Walmart Commerce Technologies and Walmart GoLocal announced a partnership with Salesforce to provide retailers with access to technologies and solutions that power frictionless local pickup and delivery for shoppers everywhere. Both Walmart Commerce Technologies Store Assist local fulfillment app and Walmart GoLocal local delivery solutions will be available through Salesforce AppExchange to help retailers thrive in today's hybrid shopping world. "Through this partnership, retailers can leverage the same innovative and scalable technologies that power Walmart's pickup and delivery experiences," said Anshu Bhardwaj, senior vice president, technology strategy and commercialization, Walmart Global Technology. "The same technology that powers Store Assist has enabled Walmart to fulfill over 830 million* orders across over 4,700 Walmart stores. Together with Salesforce, retailers can scale their business and deliver the personalized, convenient experiences shoppers expect."
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ARI | Hot Stocks08:14 EST Apollo Commercial completes $3.7B of mortgage originations in 2022 - Apollo Commercial Real Estate Finance announced the Company committed to $243.1M of mortgages in the fourth quarter of 2022, bringing annual loan originations to $3.7B for the year. "ARI had a strong year of loan originations, coupled with meaningful achievements in both portfolio and capital management," said Stuart Rothstein, Chief Executive Officer and President of ARI. "The Company completed over $3.7 billion of new loan originations, many of which were funded by over $2.2 billion in loan repayments. ARI also made material progress with several of the Company's focus loans, ending the year with the sale of the properties securing our non-performing loan in the Miami Design District. In connection with the sale, we provided seller financing to the new sponsorship group, immediately redeploying a large portion of the capital. ARI continues to benefit from the strength of Apollo's global brand in the commercial real estate lending market and remains well positioned to generate distributable earnings in excess of our dividend per share of common stock in 2023." Fourth Quarter Portfolio Activity: New Investments - During the fourth quarter of 2022, ARI originated $243.1M of mortgages; Funding of Previously Closed Loans - During the fourth quarter of 2022, ARI funded $148.4M for loans closed during the preceding quarters. Loan Repayments - During the fourth quarter of 2022, ARI received $0.7B from loan repayments. Of the loan repayments, approximately 91% came from loans secured by properties in the United States and 9% came from loans secured by properties in the United Kingdom and Europe. In addition, 33% of the loan repayments were from office loans, with the balance from retail, residential, hotel, healthcare, industrial and mixed use loans.
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AREN | Hot Stocks08:13 EST Arena Group announces acquisition of Fexy Studios - The Arena Group announced that it has acquired Fexy Studios. The Arena Group will leverage the strength of its core brands and continued audience growth coupled with Fexy's production and branded video capabilities to expand its streaming, sponsored content and television programming, while enhancing sales and revenue generation across The Arena Group properties. The move brings the episodic broadcast TV and brand franchises Moveable Feast and Roadfood to The Arena Group's Lifestyle portfolio, anchored by Parade. Cliff Sharples, Fexy Studios Co-Founder, will join The Arena Group as head of Fexy Studios to scale and build out TV, streaming, and cross-platform advertising opportunities as well as a larger portfolio of shows for The Arena Group's verticals. "Fexy Studios has demonstrated a great ability to create compelling programming and digital video content that resonates deeply with viewers and advertisers. By adding that capability to The Arena Group, we will provide vibrant content and experiences across formats and mediums while building new horizontal, multichannel advertising opportunities throughout our portfolio," said Rob Barrett, The Arena Group's President of Media.
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ORMP | Hot Stocks08:13 EST Oramed down 73% after phase 3 study of ORMD-0801 did not meet primary endpoint - Shares of Oramed are down 73% or $7.92 in pre-market trading at $2.87. Last night, the company announced that the top-line results from its Phase 3 clinical trial comparing the efficacy of ORMD-0801 to placebo in patients with Type 2 Diabetes at 26 weeks did not meet its primary endpoint. The stock has also been downgraded to Hold at Canaccord this morning.
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ATIF | Hot Stocks08:13 EST ATIF Holdings and Profitech Securities partner for financial advisory services - ATIF Holdings has entered into a strategic cooperation agreement with Profitech Securities. Pursuant to the Agreement, for a period of one year, both the parties will pull their resources and organize international events to attract companies to participate in and promote financial activities. ATIF will actively provide financial advisory services and listing consulting advisory services for high-potential companies and work with Profitech Securities to facilitate a faster process for Hong Kong companies getting listed primarily on the US Capital Markets.
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SAIC | Hot Stocks08:12 EST SAIC awarded $349M contract to support U.S. Navy tactical networks - Science Applications International has been awarded a $349M contract by the U.S. Navy to continue supporting In-Service Engineering Agent, ISEA, functions for Afloat and Ashore Tactical Networks, TACNET. "Our expertise in network engineering, modernization, sustainment and logistics positions us to provide long-term support to the U.S. Navy for afloat and ashore networks," said Bob Genter, president, Defense & Civilian Sector at SAIC. "We have provided services to this program for decades and are excited to help the Navy continue its IT modernization and transformation initiatives." Under the five-year contract, SAIC will continue to provide management, engineering, technical, integrated logistics, configuration management, and life cycle support for afloat and ashore TACNET and command, control, communications, computers, and intelligence systems.
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CXM | Hot Stocks08:11 EST Sprinklr announces Ferrara Candy uses Sprinklr Modern Care - Sprinklr announced that Ferrara Candy Company is using Sprinklr Modern Care, Modern Research and Social Engagement & Sales to achieve performance-driven social customer service, understand real-time conversations around products and manage engagement across more than 40 different social accounts. "We're honored to partner with an iconic company that is focused on creating the 'future of sweet snacking' by focusing on innovating digital customer experiences with Sprinklr's Unified-CXM platform," said Sprinklr Chief Revenue Officer Paul Ohls. "We're looking forward to continuing to help Ferrara drive efficient social customer service and engagement while making sweet snackers happier."
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BREZ | Hot Stocks08:11 EST True Velocity features on Field Ethos podcast with Don Trump Jr. - Texas-based ammunition manufacturer, TV Ammo, is the focus of the latest podcast hosted by Field Ethos founder and outdoorsman, Don Trump, Jr., and Field Ethos CEO Jason Vincent. The 35-minute-long interview with True Velocity Executive Vice President of Corporate Communications, Pat Hogan, focused on True Velocity's planned disruption of the global ammunition industry via the introduction of its composite-cased ammunition technology and advanced manufacturing processes that aim to revolutionize the ammunition industry. As previously announced on November 1, 2022, TV Ammo, Inc. entered into a business combination agreement with Breeze Holdings Acquisition Corp.
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OPRA | Hot Stocks08:10 EST Opera declares special dividend of 80c per ADS - Opera has approved a special dividend of 80c per ADS, each representing two ordinary shares of the company. Payment will be made to shareholders of record as of the close of business on January 30. Dividends to be paid to the holders of ADSs through the depositary bank, The Bank of New York Mellon, will be subject to the terms of the deposit agreement. The company expects the depositary bank to distribute dividends on or about February 9. The aggregate payment to be made in connection with this special dividend is approximately $71M, based on a total of 89,215,121 ADS equivalents outstanding as of December 31, 2022. The special dividend will be funded through existing working capital and proceeds from the sale of publicly traded marketable securities held by Opera as part of its treasury function, which saw record gains during the fourth quarter of 2022. The Company has today entered into an agreement to sell the vast majority of such securities to its pre-IPO shareholders for an aggregate consideration of $59M.
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CRL | Hot Stocks08:10 EST Charles River establishes eXpDNA plasmid manufacturing platform - Charles River Laboratories International announced the launch of its eXpDNA plasmid platform, established from the Company's contract development and manufacturing, CDMO, and biologics testing experience. The platform significantly reduces plasmid development and production timelines while streamlining the development journey for cell and gene therapy and vaccine developers with a focus on product quality and consistency. The platform leverages Charles River's expertise in developing, manufacturing, and releasing more than 200 High Quality and Good Manufacturing Practice-compliant plasmid DNA batches. eXpDNA supports a client's plasmid DNA strategy by offering a proven, and standardized plasmid platform approach, suitable for plasmid DNA programs across various applications.
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BNGO NVDA | Hot Stocks08:10 EST Bionano teams with Nvidia to develop acceleration platform - Bionano Genomics (BNGO) announced a collaboration with NVIDIA (NVDA) to develop an acceleration platform for use in Bionano's optical genome mapping, OGM,workflow. This collaboration is expected to significantly improve data processing speed while reducing time and cost associated with secondary analysis of OGM data. The computation platform is designed to enable a small laboratory and information technology footprint, which would allow for rapid decentralized deployment. By combining NVIDIA's expertise in accelerated computing and the capabilities of the NVIDIA RTX 6000 Ada Generation professional GPU with Bionano's knowledge in extraction, enzymatic treatment, and analysis of ultra-high molecular weight DNA molecules, the collaboration aims to develop on-premise and cloud-based solutions to keep pace with the anticipated data generation needs of high-throughput OGM workflows. The collaborative solution is projected to support analysis of 96 cancer workflows or just over 300 constitutional whole genomes per week and be integrated with Bionano's NxClinical(TM) software for variant interpretation and reporting. Bionano will preview the solution with NVIDIA at the Advances in Genome Biology and Technology General Meeting, which will take place February 6-9, 2023, in Hollywood, Florida.
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CURLF | Hot Stocks08:09 EST Curaleaf opens Palm Beach Gardens dispensary - Curaleaf Holdings announced the opening of its Palm Beach Gardens dispensary as well as the expansion of BlueKudu infused chocolate flavors available on Florida retail menus. Located near Palm Beach Gardens at 3540 Northlake Blvd., West Palm Beach, FL 33403, the new 4,500 sq. ft. dispensary opens its doors to patients on Friday, January 13 at 9:00 a.m., with ongoing operating hours of 9:00 a.m. to 8:30 p.m. Monday through Saturday and 10:00 a.m. to 7:00 p.m. on Sunday. A grand opening celebration is planned for Friday, January 20, and will commence with a ribbon cutting at 10:00 a.m. followed by festivities throughout the day including swag giveaways, games, prizes and local vendors. Beginning on Friday, January 13, Florida patients will have access to two new flavors of BlueKudu artisanal infused chocolates: espresso dark chocolate and caramel milk chocolate. Both flavors will be available for preorder online, in-store, and via statewide delivery.
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GMGI | Hot Stocks08:09 EST Golden Matrix to acquire MeridianBet Group in $300M transaction - Golden Matrix Group and MeridianBet Group announced that GMGI has entered into a definitive acquisition agreement pursuant to which it has agreed to acquire MeridianBet Group and its related companies in a cash and stock transaction valued at approximately $300M. The acquisition, when completed, will provide GMGI access to new and fast growing regulated B2C markets that have experienced double digit compound annual growth rates since 2020, supported by a network of over 1,100 highly skilled MerdianBet professionals. The acquisition is expected to close in the first half of 2023, subject to customary conditions to closing, including GMGI raising required funding, completion of due diligence, GMGI shareholder approval, and regulatory approvals. The combined pro forma revenues of both companies are expected to be greater than $100M in FY2022, with an EBITDA estimated to be greater than $22M for the pro forma year ended 31 October, 2022, making the combination financially appealing and earnings-accretive. Both companies plan to continue operating under their respective brands. Following the acquisition, GMGI expects that synergetic growth opportunities will exist in core markets through the strong MeridianBet brand and growth prospects of other GMGI B2C brands and market entries. The purchase price payable to MeridianBet Group shareholders will be satisfied by the issuance to MeridianBet stockholders of approximately 65.3 million common shares of GMGI, based on an agreed price of $3.50 per share, and $70M in cash. Upon closing of the acquisition, the MeridianBet Group of companies will become wholly-owned subsidiaries of GMGI. The acquisition agreement has been approved by the Board of Directors of each company. No change in the Company's name is planned in connection with the acquisition, and the Board structure is expected to remain the same, with the sole exception being Mr. William Scott joining as Chairman of the Board. Mr Scott is a seasoned veteran in the regulated gaming industry and is currently an advisor to MeridianBet Group.
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PEAR | Hot Stocks08:08 EST Pear selected by California DHCS to support recovery incentives program - The California Department of Health Care Services, DHCS, has selected Pear Therapeutics to support the implementation of the Recovery Incentives: California's Contingency Management Program. Contingency management is an evidence-based, cost-effective treatment that provides motivational incentives to treat individuals living with stimulant use disorder and support their path to recovery. The pilot program will allow eligible Medi-Cal members, across 24 counties in California, to take part in a structured 24-week outpatient program that will be followed by at least six months of additional recovery support services. Pear Therapeutics will partner with DHCS to deliver, implement, and manage this program, specifically by managing the electronic tracking and distribution of incentives to Medi-Cal members who participate in this contingency management pilot.
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SEVN | Hot Stocks08:07 EST Seven Hills Realty board increases quarterly dividend 40% to 35c per share - Seven Hills Realty Trust announced it has raised its quarterly cash distribution on its common shares by 10c per share, or 40%, to 35c per share, or $1.40 per share per year. The distribution declared will be paid to SEVN's common shareholders of record as of the close of business on January 23, 2023 and distributed on or about February 16, 2023.
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AUID OKTA | Hot Stocks08:07 EST authID integrates Verified CloudConnect with Okta Workforce Identity Cloud - authID announced the integration of Verified CloudConnect with Okta's Workforce Identity Cloud and the expanded availability of Verified 3.0's full capabilities with Okta Customer Identity Cloud. authID's Human Factor Authentication can now help both Okta workforce and customer identity clients on their journey to eliminate passwords, prevent unauthorized access, as well as the business disruption caused by phishing attacks and compromised credentials.
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GIAC | Hot Stocks08:06 EST Freightos Group reports record Q4 transaction in Q4 - The company states: "A record 211 thousand transactions were booked on the platform in Q4 2022, up from 97 thousand in Q4 2021 and 22 thousand in Q4 2020. This brought the total freight transactions booked across the platform in 2022 to 668 thousand, exceeding internal targets for both quarterly and annual targets and representing a 154% growth compared to 2021. This growth was supported by an increase in both demand - users booking across the platform - and supply - carriers offering their services on the platform. The number of unique buyer users digitally booking freight services across the Freightos platform grew 37% compared to Q4 2021, reaching 15.6 thousand. Carriers selling on the platform, primarily on WebCargo, grew to 35 in Q4 2022, a 25% growth from the same quarter in the prior year. Freightos has experienced record platform transactions for every one of the previous 12 quarters, continuing growth in the fourth quarter of 2022 despite the global freight market contracting. Gross Booking Value, GBV, of platform transactions reached $611 million dollars in 2022, up approximately 100% from 2021. The rapid growth in transactions allowed record GBV on Freightos' platform despite dropping market freight prices. For example, the cost of shipping a 40' container from China to the United States' West Coast dropped over 90% between December 2021 and December 2022. Freightos plans to issue a financial performance press release with full year 2022 and Q4 financial performance before the end of April 2023. Freightos' registration statement on Form F-4 was declared effective in connection with the anticipated business combination with Gesher I Acquisition. The company believes it is on track to be trading as NASDAQ: CRGO around the end of January 2023."
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EYEN | Hot Stocks08:06 EST Eyenovia shares evidence that Optejet delivery technology decreased inflamation - Eyenovia announced positive results from a research study conducted in collaboration with Dr. Pedram Hamrah, Interim Chairman of Ophthalmology at Tufts Medical Center, which evaluated the gene and protein expression of cytokines and chemokines after latanoprost+benzalkonium chloride treatment administered via Optejet versus latanoprost+BAK administered via standard eye drops. Preservatives are used to support product sterility and prolong shelf-life. Unfortunately, patients treated with BAK preserved glaucoma medications often suffer inflammatory side effects and develop subsequent ocular surface disease. "Chronic treatment of glaucoma with BAK preserved topical ophthalmic medications introduces ocular surface stress and may trigger a vicious cycle of inflammation," said Dr. Hamrah. "Unfortunately, the majority of glaucoma patients treated long term with drops eventually succumb to the associated inflammatory effects and discomforts of ocular surface disease."Per the in vitro study design, conjunctival epithelial cells were exposed to drug by standard drop or Optejet microdose technology. Assays were then conducted to assess inflammatory Gene expression via RT-qPCR and Protein expression by ELISA. These assays targeted the common immune biomarkers and ocular surface disease inflammatory mediators such as IL6 and MIF cytokines as well as the chemokine CCL2. The study found that the expression of Pro-Inflammatory cytokines and chemokines was decreased in two out of three cytokines with the latanoprost+BAK treatment administered via Optejet technology compared to latanoprost+BAK administered via standard drops. In these early findings, the Optejet technology appears better than latanoprost+BAK administered via standard drops in reducing inflammatory processes and pathways. Julie Whitcomb, PhD, Sr. Director of Medical Affairs at Eyenovia, commented, "The Optejet Technology shows lower levels of proinflammatory cytokines and chemokines than standard drops. The current study further underscores that precision dosing of drug and preservatives by the Optejet decreases inflammation."
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WEJO TM | Hot Stocks08:05 EST Wejo announces data agreement with Toyota Motor North America - Wejo Group (WEJO) announced a data agreement with Toyota Motor North America (TM). The agreement will allow Wejo to provide personalized connected vehicle data services for participating cloud-connected fleet vehicles in the U.S. The data Wejo receives will be derived from participating Toyota fleet vehicles and processed and anonymized through Wejo's ADEPT platform. The data can then be leveraged by telematics service providers, fleet owners and fleet management service companies interested in utilizing data from embedded OEM hardware to support fleet services instead of more unreliable aftermarket hardware. The Wejo data from Toyota's participating connected fleet vehicles can empower TSPs and FMS companies with the insights needed to inform operations, including geographic locations, fuel insights, odometer and speed readings, and tire pressure. Additionally, Wejo will have access to driver behavior information from these participating Toyota fleet vehicles that includes the necessary data to promote safe driving. "Smart mobility for good is at the core of everything we do at Wejo, and our partnership with Toyota is a continued example of this mission," commented Benoit Joly, chief commercial officer at Wejo. "Enabling TSPs, fleet owners, and FMS with the data and insights necessary to keep their drivers safe on the road while driving efficiencies across fleets is a prime example of how smart mobility can deliver benefits for business and society."
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ENPH | Hot Stocks08:05 EST Enphase Energy expands IQ8 microinveter deployments in Puerto Rico - Enphase Energy announced that installers of Enphase products in Puerto Rico have seen growing deployments of Enphase Energy Systems powered by IQ8 Microinverters.
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EVLV | Hot Stocks08:04 EST Evolv announces APS to use it weapons detection system - Evolv Technology announced its partnership with Atlanta Public Schools, APS. The school district began using Evolv's state-of-the-art Evolv Express security screening solution in its 15 middle and 21 high schools at the end of 2022. The school system has an active enrollment of over 50,000 students, attending nearly 100 school sites. "We often hear from the schools we work with report that, with Evolv's presence, students and staff feel safer and better able to focus on learning," said Peter George, CEO of Evolv Technology. "We believe that helping students and staff start their day with peace of mind is important to positive educational outcomes as well as healthy social and emotional development. We look forward to supporting Atlanta Public Schools, while continuing to work towards our mission of transforming security to create a safer world for people to live, learn, work, and play."
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PTRA | Hot Stocks08:03 EST Proterra produces first Proterra Powered EV battery at Powered 1 factory - Proterra announced that the company has produced the first Proterra Powered EV battery at its new Powered 1 battery manufacturing plant located in Greer, South Carolina. By achieving this end-to-end production milestone at Powered 1, Proterra is expected to begin deliveries to customers of Proterra Powered battery systems from the new battery factory in the first quarter of 2023. In addition, Powered 1 has started production of drivetrains and other ancillary systems incorporated into electric medium- and heavy-duty electric vehicles and equipment, such as high voltage junction boxes.
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BYRN | Hot Stocks08:03 EST Byrna Technologies forms Byrna LATAM, opening factory in Argentina - Byrna Technologies announced the formation of new subsidiary, Byrna LATAM, based in Montevideo, Uruguay. Byrna LATAM will be responsible for the manufacture, sale, and distribution of Byrna products throughout Latin America. Byrna LATAM is a joint venture between Byrna and Fusady, a holding company owned and controlled by a group of investors with decades of experience operating throughout Latin America. Byrna is the majority owner of Byrna LATAM and has a call option on the shares in Byrna LATAM that it does not already own that may be exercised upon the occurrence of certain circumstances. Byrna LATAM was capitalized through an initial contribution of $4.1M in equity and shareholder loans provided Byrna and Fusady. The company is in the process of setting up manufacturing operations in Buenos Aires, Argentina to take advantage of the 270 million strong "Southern Common Market." By manufacturing inside the Mercosur free-trade zone, Byrna believes it can save as much as 30% in tariffs, duties and freight costs. Production is expected to begin in February. The company has hired Maximiliano Garimaldi to be CEO of Byrna LATAM, an engineer by training and holding an MBA from Austral University in Buenos Aires.
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BBAI | Hot Stocks08:03 EST BigBear.ai secures 10-year multiple award $900M IDIQ contract with Air Force - BigBear.ai announced it has been awarded a multiple award $900M Indefinite Delivery/Indefinite Quantity, IDIQ, contract by the U.S. Air Force. The contract vehicle allows BigBear.ai to compete for task orders delivering capabilities, systems, and synthetic environments to the Air Force as a prime contractor. The Air Force Life Cycle Management Center, AFLCMC, Architectures and Integration Directorate expects the work on awarded task orders to be completed by 2032. Under the terms of the contract, BigBear.ai can also compete for task orders supporting the research and development of new technologies, creation of rapid prototypes, capability testing, and solution implementation. "BigBear.ai understands the importance in bringing cutting-edge and resilient solutions to each mission and we are honored to be selected for this opportunity," said Tony Barrett, President and General Manager of Federal Markets at BigBear.ai. "This contract will allow us to continue our long-term partnership with the U.S. Air Force and support as a prime contractor in future opportunities."
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HD | Hot Stocks08:02 EST Home Depot launches new homegrown app to assist store associates - The Home Depot is rolling out a new, homegrown app developed to help store associates prioritize tasks more effectively. The app, dubbed Sidekick, is a new addition to hdPhones, The Home Depot's mobile devices dedicated to improving the associate and customer experience. Powered by machine learning, the app guides associates to prioritize the highest demand product, which shelf to restock, and the location of the excess product on overhead shelves. The Home Depot has already installed Sidekick in more than 600 stores and plans to expand deployment to all U.S. stores by the end of the 2022 fiscal year.
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AZO | Hot Stocks08:02 EST AutoZone CEO sell $12.2M in common stock - In a regulatory filing last night, AutoZone disclosed that its CEO William Rhodes sold 5K shares of common stock on January 9th in a total transaction size of $12.2M.
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POAHY | Hot Stocks08:02 EST Porsche Cars North America reports 2022 U.S. retail deliveries of 70,065 - Porsche Cars North America announced that 2022 retail deliveries in the United States totaled 70,065 cars, PCNA's best year ever, surpassing the previous record set in 2021. Fourth quarter deliveries also set a new high for the period at 20,955, or 14 percent above the same quarter a year earlier. Deliveries of the Porsche 911 exceeded 10,000 cars for the second year in a row and grew 2 percent compared to 2021. Demand for the all-electric Taycan remained strong even as supply chain issues slowed deliveries. Full-year performance was led by the Macan and Cayenne, for a combined record of 44,882 SUV deliveries, up 7 percent from the year before. Fully electric cars made up 10 percent of all deliveries in 2022, for a combined electrified share of 14 percent including plug-in hybrids.
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COIN... | Hot Stocks08:00 EST Crypto names rally as bitcoin extends gains to four-week highs - Stocks levered to bitcoin prices are trading sharply higher in pre-market hours as the cryptocurrency has extended its bounce above $18,000 overnight - its highest level in about four weeks. Bit Digital (BTBT) is up 6.3% at $1.05 per share, Riot Blockchain (RIOT) is up 4.7% at $5.62, Marathon Digital (MARA) is up 8.4% at $5.82, MicroStrategy (MSTR) is up 3.8% at $202.15 and Coinbase Global (COIN) is up 3.1% at $45.13. Silvergate Capital is also up 3.0% at $12.55.
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LOW | Hot Stocks07:51 EST Lowe's to move One Roof Media Network's ad sales, operations in-house - As the next step in scaling the Lowe's One Roof Media Network platform capabilities and advertising services, Lowe's announced its retail media network's advertising sales and operations departments will move in-house, effective Jan. 31. This move will allow Lowe's One Roof Media Network to own the end-to-end customer experience for brand advertisers and partner with them to deliver a richer commerce experience for Lowe's shoppers.
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IREN | Hot Stocks07:50 EST Iris Energy says class action suit claims 'without merit' - The Company is aware that on December 14, 2022, a putative securities class action complaint naming the Company and certain of its directors and officers was filed in the U.S. District Court for the District of New Jersey. The filed complaint asserts claims under Section 10(b) and 20(a) of the Securities Exchange Act of 1934 and Sections 11 and 15 of the Securities Act of 1933, contending that certain of the Company's statements, including with respect to its equipment financing arrangements, were allegedly false or misleading. The Company believes these claims are without merit and intends to defend itself vigorously.
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IREN | Hot Stocks07:49 EST Iris Energy continues exploration of strategic options to monetize assets - The Company continues to take a risk-focused approach to weather the storm and capitalize on the next bull run: Continued exploration of strategic options to monetize assets, including approximately $67 million of prepayments already made to Bitmain with respect to an additional ~6.7 EH/s of miners; Strategic focus remains on expanding our self-mining capacity; In parallel, assessment of opportunities to utilize available data center capacity in the near-to-medium term via potential third-party hosting, recognizing the scarcity of industry hosting data center capacity in the current market
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IREN | Hot Stocks07:48 EST Iris Energy reports 123 bitcoin mined in December - Iris Energy Limited published a monthly investor update for December 2022, containing its results from operations as well as business updates. Corporate: 2.0 EH/s of total miner capacity installed, in-transit or pending deployment; Following month end, ~0.4 EH/s of S19j Pro miners was installed, increasing total Company operating capacity by greater than30% to 1.5 EH/s4; 160MW of data center capacity in BC not affected by recent BC Government decision to temporarily suspend new and early stage connection requests for cryptocurrency mining; Liquidity position and initiatives: $39 million cash, no debt; Repayment by Non-Recourse SPV 1 of all outstanding amounts under the SPV 1 Financing Agreement; Following month end, ~$6 million in net cash proceeds received from further monetization of Bitmain prepayments. Operations for the month of December 2022: Average operating hashrate of 1,086 PH/s; Monthly operating revenue of US$2.1 million; 123 Bitcoin mined. The reduction in operating metrics primarily reflects the first full month of operations following termination of hosting arrangements in connection with certain of the Group's limited recourse equipment financing facilities following receipt of an acceleration notice from the relevant lender under such facilities.
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FSV | Hot Stocks07:45 EST FirstService acquires Charles H. Greenthal & Co. and Tudor, no terms - FirstService Residential has recently acquired Charles H. Greenthal & Co. and Tudor Realty Services Corp. . The existing management teams of Greenthal and Tudor will continue to oversee their respective day-to-day operations. Terms of the transactions were not disclosed. "New York is one of our largest markets and a strategic growth priority for us. These two acquisitions add attractive portfolios of marquee properties which further extend our leadership position," said David Diestel, CEO of FirstService Residential. "We are excited to have Greenthal and Tudor join the FirstService Residential family and look forward to working closely with their teams to drive additional value to our clients and residents throughout the New York region."
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NEXCF | Hot Stocks07:44 EST Nextech AR Solutions provides Q1 outlook - 2023 Q1 Outlook: Several quotes have been issued for large 3D model RFPs, which could close in Q1, 2023; The Company plans more updates for its second spin-out, of 3D Design Studio "Toggle3D" after the successful spin-out debut of ARway; ARway is rapidly moving multiple pilot projects forward which are expected to be announced shortly; Nextech Event Solutions is becoming the go-to Tech Event platform for the $50B Events industry combining: MapD, HoloX, ARitize3D and ARway into one event platform.
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NEXCF | Hot Stocks07:43 EST Nextech reports preliminary 2022 revenue for 3D modeling up over 266% - Nextech AR Solutions reports its preliminary annual growth in 3D modeling revenue surges over 266% compared to 2021. Also, 2022 technology services gross profit margin expands by 53% jumping up to 43% in 2022 compared to 28% in 2021. Evan Gappelberg, CEO of Nextech commented, "2022 was a great year and has built a solid foundation of ever expanding 3D model customers in the ecommerce space for Nextech. As we enter 2023 we are leveraging the game-changing power of generative AI which we believe gives us a major competitive advantage in the 3D model market. With generative AI we are creating an increasingly wider exponentially growing moat: the more models we make, the larger that part library gets, and the easier it gets to make new 3D models. I believe that we are at the point where our business creates a virtuous cycle of growth and value. 2023 is going to be the year of AI and a breakout year for growth in our 3D modeling business as we have already announced multi-million dollar enterprise contacts with even more expected to land in Q1 2023." 2022 Annual and Q4: 3D Model and Technology Services Financial Highlights: Preliminary total revenue for fiscal 2022 was $10.3M; Technology services generating $3.1M; Legacy ecommerce business generating $7.2M; 3D modeling revenue increased +266% compared to 2021 contributing $1.5M 2022; 2022 technology services gross profit margin expands by 53% jumping up to 43% in 2022 compared to 28% in 2021 on $3.1M total revenue.
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J | Hot Stocks07:43 EST Intuitive Machines to work with Jacobs to support NASA JETS II contract - Intuitive Machines announced it will work alongside Jacobs Solutions to safely and successfully accomplish the goals and contractual requirements within NASA's Johnson Space Center Engineering, Technology, and Science, JETS, II contract. Under this agreement, Intuitive Machines is assisting Jacobs to provide engineering and scientific products, technical services, and related services for the NASA Johnson Space Center in Houston, other NASA centers, and government agencies. The total JETS II cost-plus award fee, indefinite-delivery/indefinite-quantity contract has a potential base value of approximately $1.8B. The contract contains an option to convert to a cost-plus-fixed-fee contract, and the ability to issue firm-fixed-price task orders. The contract began on Oct 1, 2022, with a five-year base period, followed by two two-year option periods and one one-year option period, which increase the potential value to approximately $3.9B. The contract has a total potential performance period of 10 years.
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REKR | Hot Stocks07:41 EST State in Mexico selects Rekor roadway intelligence solutions - Rekor Systems announced that a large state in Mexico has awarded a purchase order for the Company's vehicle recognition AI-driven roadway intelligence software and hardware solutions across 1800 locations. The State will use Rekor partner IBANOR to facilitate the installation of the Company's software and hardware solution over the next 12 months.
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DCGO | Hot Stocks07:39 EST DocGo announces partnership with Redirect Health - DocGo announced a partnership with Redirect Health, a platform that creates and manages healthcare solutions for businesses and employees nationwide, to provide on-demand, urgent mobile care to patients in New Jersey and New York. The partnership will enable DocGo to provide its rapid, in-home mobile health services to thousands of Redirect Health's members across New Jersey and New York. "We couldn't be more excited to partner with Redirect Health and continue serving our patients with the best healthcare options and solutions," said Anthony Capone, CEO of DocGo. "The synergies between DocGo and Redirect Health allow us to stay true to our mission as we provide affordable and accessible care. We're looking forward to the positive impact that our partnership will bring to additional communities as we look to expand the program."
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SOTK | Hot Stocks07:38 EST Sono-Tek announces second order exceeding $1.1M - Sono-Tek announced that it has received an additional order for a production volume coating line valued at more than $1.1M from an existing customer in the clean energy sector. This is the second order valued at over $1.1M that Sono-Tek has received from the clean energy sector to date, one of the Company's target sectors for growth. The order also ranks among the largest in Sono-Tek's history, a growing trend with Sono-Tek's increased focus on providing full system solutions. The order is expected to ship during the upcoming fiscal year that begins on March 1.
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MGDPF | Hot Stocks07:38 EST Marathon Gold reports additional infill drill results at Berry Deposit - Marathon provides assay results on in-fill drill holes completed at the Berry Deposit, part of the Valentine Gold Project located in central Newfoundland. During the 2022 exploration program, Marathon completed 20,931 metres of infill drilling at Berry, none of which was included in the Project's June 2022 Mineral Resource Estimate. This in-fill program targeted gaps within the existing Berry drillhole dataset that are largely assumed to be un-mineralized waste in the Berry geological model but are within the conceptual pit shells used in the MRE. Success with this program has the potential to add mineable ounces to the Project's mine plan. Assays from 9,811 metres of the 2022 drilling were previously reported. These latest results represent fire assay data from 5,490 metres of drilling in twenty-seven holes. Highlights include: VL-22-1258 intersected 5.01 g/t Au over 18 metres including 23.02 g/t Au over 1 metre and 17.90 g/t Au over 1 metre, and 4.28 g/t Au over 9 metres including 23.43 g/t Au over 1 metre, and 2.78 g/t Au over 6 metres including 11.72 g/t Au over 1 metre; VL-22-1256 intersected 3.50 g/t Au over 14 metres including 10.44 g/t Au over 1 metre. VL-22-1236 intersected 1.12 g/t Au over 46 metres. VL-22-1240 intersected 6.91 g/t Au over 7 metres including 12.86 g/t Au over 2 metres; and VL-22-1248 intersected 1.31 g/t Au over 29 metres including 16.76 g/t Au over 1 metre.
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PYR | Hot Stocks07:36 EST PyroGenesis announces "Energy Transition" contract with With European company - PyroGenesis Canada announces that the Company has signed an initial contract with a major European multinational chemical, oil, and gas conglomerate with 2021 revenues exceeding $25 B to assess the applicability of PyroGenesis' fully electric plasma torches for use in its Client's chemical production process. The Client's name shall remain anonymous for competitive and confidential reasons.The Client, headquartered in Southern Europe, has a 100-year history of success across the petroleum, energy, and chemical industries, with a recent focus on energy transition, green energy, and the decarbonization of both their own production processes and the sectors in which they serve. It is one of the largest companies of its kind worldwide, and they are active on multiple continents. The Agreement outlines the initial steps for providing plasma specific information in support of the Client's energy-transition goals. The first step requires a computational fluid dynamics study to gather initial data to evaluate the use of plasma in the Client's chemical production boilers.Once the CFD study is completed, and depending on the results, the Client has indicated that it would then proceed to a live experimental validation study within their facilities, using PyroGenesis' plasma torches, as per a separate to-be-negotiated agreement."This Agreement is yet another example of the fast-growing shift taking place across multiple heavy industries which are all being challenged to decarbonize," said Mr. P. Peter Pascali, CEO and Chair of PyroGenesis. "This Client has made a major public commitment to technology and innovation with the goal to help drive the transformation of the global chemical sector, with energy transition being a major part of that commitment. We are proud that our electric plasma torches are under serious consideration as part of their commitment to change."
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MEDXF | Hot Stocks07:35 EST Medexus continues to urge medac to take steps necessary for FDA requests - The company said, "Since Medexus's last update in November 2022, medac, as the party responsible for regulatory matters under Medexus's license agreement for treosulfan, has continued to engage with the US Food and Drug Administration regarding medac's resubmission of its new drug application for treosulfan. medac's engagement has primarily focused on establishing the most appropriate approach to addressing the remaining items noted in FDA's second notice of incomplete response delivered to medac in September 2022. The FDA continues to seek supporting information from medac relating to the pivotal phase 3 clinical trial of treosulfan conducted by medac. Based on Medexus's assessment of the FDA's feedback and discussions with medac, Medexus now expects that it would take medac up to a year or more to collect and submit the information requested by the FDA. The FDA would then evaluate the completeness of the available information submitted and medac's response and, if considered to be complete, then proceed to review medac's NDA resubmission. The FDA has made clear in its communications to medac that FDA review will not progress further unless and until medac collects this supporting information and otherwise responds to the FDA's remaining requests. Medexus believes that treosulfan would make a substantial difference for US patients and therefore continues to urge medac to take the steps necessary to respond to the FDA's requests in a timely and complete fashion and fulfill medac's obligations under the terms of the treosulfan license agreement to pursue all commercially viable paths to completing the NDA resubmission. In the meantime, Medexus remains focused on commercializing the company's current product portfolio and seeking out additional complementary product opportunities that leverage the company's existing commercial platform. Medexus will continue seeking to deliver strong financial results for the company and its investors by pursuing this strategy in the near term."
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CYBN | Hot Stocks07:34 EST Cybin selects GAD as target indication for deuterated DMT molecule CYB004 - Cybin announced that it has selected Generalized Anxiety Disorder, GAD, with or without major depressive disorder, MDD, as the target indication for its proprietary deuterated N, N-dimethyltryptamine, DMT, molecule, CYB004. "Based on preclinical data, CYB004 has shown promise in treating anxiety disorders. About half of people suffering from depression are also burdened with GAD, which makes the need for more effective treatment options for GAD even more urgent," said Doug Drysdale, Chief Executive Officer of Cybin. "Since the pandemic, the prevalence of depression and anxiety has been significantly elevated, and we are optimistic that through our current development programs, Cybin has the potential to provide innovative therapeutics to alleviate the mental suffering that so many people experience worldwide. We remain focused on the opportunity that CYB004, as a new chemical entity, may be able to provide a new path toward mental healing."
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SLNA | Hot Stocks07:33 EST Selina Hospitality announces the opening of its fourth hotel in Australia - Selina Hospitality announced it opened its fourth hotel in Australia, Selina Magnetic Island, on December 23rd. "We are so excited to add Selina Magnetic Island to our portfolio. It marks the 5th hotel we have opened this year in the APAC region, 4th property in Australia, and our first truly remote experience in the region," said Gadi Hassin, Managing Partner South East Asia, Australia, New Zealand Selina. "Magnetic Island is home to a beautiful local community and becoming one of Australia's most sought-after tourist destinations; we acknowledge the Wulgurukaba people of Yunbenun, the traditional custodians of the land on which we enter, and recognize their continuing connection to land, waters and community paying our respects to the Elder's past, present and future and all the Aboriginal & Torres Straight Islander people."
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FTHWF | Hot Stocks07:32 EST Field Trip Health launches Field Trip Online Therapy - Field Trip Health & Wellness launched Field Trip Online Therapy, a unique approach to psychotherapy that leverages contemporary talk therapy, integrative wellness tools and insights derived from being one of the largest global providers of psychedelic-assisted therapies.The new offering marks a milestone as the first of Field Trip's services to be accepted by major insurance providers and is covered by Aetna, Cigna, Blue Cross Blue Shield, Oxford, United Healthcare, and Oscar Health. Field Trip Online Therapy will provide a new level of care, not only for anyone seeking therapeutic support to heal their mind, body, and spirit but also for people looking to integrate insights and learnings from ketamine infusions or other psychedelic experiences. Each session will be 53 minutes long and will include talk therapy and additional holistic wellness practices including breathwork, somatic release, visualization, and meditation. Every therapist providing therapy through the program will have completed a proprietary psychotherapy training program developed by Field Trip that leverages knowledge and learnings derived from its network of psychedelic-assisted therapy clinics. Field Trip Online Therapy is now available in New York with plans to roll out to additional states throughout 2023.
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SIDU | Hot Stocks07:32 EST Sidus Space announces partnership with ViaSatellite - Sidus Space announced its partnership with ViaSatellite to educate industry leaders about the potential value of space-derived data in a webcast series, entitled The Future Space Economy. Carol Craig, Founder and CEO of Sidus Space, commented, "We've reached an inflection point where space-based data can be used to power predictive analytics and drive outcomes that benefit nearly every industry on Earth. Our mission is to provide access to critical space-based data so everyone can make informed decisions. We now have the knowledge and technology to get space-based data directly to end-users," continued Craig. "Understanding how these technologies and data can be used in a meaningful way has been a challenge for many. Our webinar will provide an in-depth look at the opportunities available for businesses to take advantage of this rapidly growing market. We invite industry experts and thought leaders to join us as we explore what it takes to bring Space down to Earth."
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MNTS | Hot Stocks07:22 EST Momentus to deliver FOSSA Systems next-generation satellites to orbit - Momentus has signed a contract with FOSSA Systems, a Spanish company that offers global low-power Internet of Things connectivity and in-space services through its satellite constellation, to place its latest generation of satellites, FOSSASat FEROX, into low-Earth orbit on two Vigoride Orbital Service Vehicle missions starting in 2023. The first group of FOSSA's next-generation satellites is slated to launch on a Vigoride Orbital Service Vehicle on the SpaceX Transporter-8 mission no earlier than June 2023. This mission will demonstrate the satellites' new design features and act as a demonstration for a second batch of satellites expected to launch onboard a follow-on Vigoride vehicle on a later SpaceX Transporter mission, kicking off the deployment of a new constellation of FOSSA satellites. "FOSSA Systems flew with us on our inaugural mission that launched in May 2022. We're pleased to have earned their trust in selecting us as their space transportation provider for their new satellites, and we look forward to building a long-term partnership toward our first large-scale constellation deployment," said Momentus Chief Executive Officer John Rood. "FOSSA is on a mission to provide the next generation of IoT connectivity and technologies. We're proud that our services are integral to achieving their disruptive vision."
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AUVI | Hot Stocks07:20 EST Applied UV secures continuing order from Fresh Taste Produce - Applied UV has secured an order for more than $400,000 for its Airocide by Sterilumen air purification systems from Fresh Taste Produce Ltd. A technology to extending the life of perishable and agriculture products is the removal of ethylene. The Airocide air purifier uses AUVI's patented Photocatalytic Oxidation technology to destroy ethylene, viruses, bacteria, spores and fungi, as well as other carbon-based microbes. "As food producers in the United States and around the world continue to face rising costs, they are looking to AUVI's patented technology to extend the shelf life and prevent spoilage of food," said Max Munn, CEO of Applied UV Inc. "We continue to see strong demand from the agricultural and food transportation sectors, as well as growers for our technology, and we anticipate both sectors to be drivers of our revenue growth in 2023."
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SLVTF | Hot Stocks07:16 EST Silver Tiger Metals reports results from Seitz Kelly Vein - Silver Tiger Metals has intersected 3,766.9 g/t total silver equivalent over 1.2 meters in the Seitz Kelly Vein in Drill Hole ET-22-349 from 236.3 meters to 237.5 meters, consisting of 3,638.7 g/t silver, 0.83 g/t gold, 0.61% copper, 0.14% lead and 0.14% zinc within 10.1 meters grading 474.2 g/t total silver equivalent from 228.3 meters to 238.4 meters consisting of 429.5 g/t silver, 0.46 g/t gold, 0.07% copper, 0.04% lead and 0.06% zinc in the Shale Horizon at the Seitz Kelly Vein.Highlights from the on-going drilling program include the following: Hole ET-22-349: 0.7 meters grading 6,182.0 g/t total silver equivalent from 236.3 meters to 237.0 meters, consisting of 6,063.0 g/t silver, 0.22 g/t gold, 1.00% copper, 0.14% lead and 0.09% zinc within 10.1 meters grading 474.2 g/t total silver equivalent from 228.3 meters to 238.4 meters consisting of 429.5 g/t silver, 0.46 g/t gold, 0.07% copper, 0.04% lead and 0.06% zinc in the Shale Horizon at the Seitz Kelly Vein. Hole ET-22-333: 1.1 meters grading 1,633.0 g/t total silver equivalent from 249.0 meters to 250.1 meters, consisting of 778.0 g/t silver, 0.25 g/t gold, 1.69% copper, 7.10% lead and 15.24% zinc within 18.6 meters grading 145.1 g/t total silver equivalent from 232.0 meters to 250.6 meters consisting of 68.7 g/t silver, 0.25 g/t gold, 0.13% copper, 0.47% lead and 1.02% zinc in the Shale Horizon at the Seitz Kelly Vein. Hole ET-22-335: 0.6 meters grading 2,658.0 g/t total silver equivalent from 245.7 meters to 246.3 meters, consisting of 2,343.0 g/t silver, 0.15 g/t gold, 1.67% copper, 1.36% lead and 3.32% zinc within 4.3 meters grading 386.5 g/t total silver equivalent from 245.2 meters to 249.5 meters consisting of 331.2 g/t silver, 4.3 g/t gold, 0.24% copper, 0.20% lead and 0.50% zinc in the Shale Horizon in the Seitz Kelly Vein.
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JYNT | Hot Stocks07:16 EST Joint Corp. increases new patient count by 5% over 2021 - The Joint Corp. provided operating metrics for the year ended 2022. 2022 Full Year Operating Highlights include Performed 12.2 million patient visits, compared to 10.9 million in 2021.Treated 845,000 new patients, compared to 807,000 in 2021.Increased system-wide sales1 21%, compared to 39% in 2021.Delivered comp sales of 9%, compared to 29% in 2021.Sold 75 franchise licenses, compared to 156 in 2021. Grew total clinics to 838, 712 franchised and 126 company-owned or managed units, up from 706 clinics at December 31, 2021. Acquired 16 franchised clinics. Closed five clinics.Opened 121 franchised clinics and 16 corporate greenfield clinics, for a total of 137 new clinics in 2022, as compared to 130 new clinics in 2021. " Our team continues to excel at improving quality of life through routine and affordable chiropractic care," stated Peter D. Holt, President and Chief Executive Officer of The Joint Corp. "In 2022, we grew beyond the company records we posted in 2021. We expanded our clinic network 19%, grew the number of annual patient visits by 12% and increased our new patient count by 5% over 2021. Although lower than our historical comparisons, our 21% system-wide sales increase and 9% comp sales increase are strong in this environment. In fact, in spite of higher interest rates, inflation and consumer uncertainty, we sold 75 franchise licenses. This is a major achievement and testament to our clinic business model. In 2023, we plan to continue to broaden our national brand recognition and execute our clinic expansion strategy in a measured manner to drive long-term growth and profitability."
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XOS | Hot Stocks07:13 EST Xos launches Xosphere Go mobile application for fleet management - Xos announced it has launched its mobile fleet management application, Xosphere Go, for customers and authorized Xos dealers to manage their Xos vehicle and chargers on the go. Xosphere Go is available to all owners of Xos battery-electric vehicles and is free to download on iOS and Android devices.
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AQN | Hot Stocks07:13 EST Algonquin Power hosts investor update on actions to support long-term strategy - Algonquin Power & Utilities is hosting an investor update, where President and CEO, Arun Banskota, and CFO Darren Myers, will provide an update on the actions the Company is taking to support its long-term energy transition strategy. "Over the Company's history, we have built a solid foundation supported by the scale of our asset portfolio," said Mr. Banskota. "However, we have reached an inflection point and, as markets continue to evolve, we must address the challenges facing the business. Accordingly, the board of directors and management team are taking decisive actions to strengthen our financial and strategic positions. These include taking steps to realign our capital allocation, reduce capital expenditures, refocus the portfolio, and reduce the dividend in order to position the Company for sustainable, long-term growth. We remain committed to our long-term energy transition strategy, including the pursuit of the Kentucky Power Acquisition, which we expect will add to our rate base, grow customer connections and provide further decarbonization opportunities. Our track record of operational excellence and portfolio of high-quality assets across our regulated and renewable businesses, coupled with the actions we are announcing today, are expected to enable the Company to capitalize on industry tailwinds and create meaningful value for shareholders. Moving forward, this stronger financial foundation is expected to position the Company to maintain a BBB credit rating, increase the dividend sustainably, reduce equity capital needs, and deliver solid core growth across both businesses." In connection with the investor update call, the Company highlights the following: AQN intends to further support its financial foundation, funding growth through a commitment to a BBB credit rating. AQN is focused on a balanced funding plan with no new common equity financings expected through the end of 2024 and reduced capital spending intensity. The Company currently has a strong liquidity position. Effective for its first quarter 2023 dividend, AQN intends to lower its quarterly dividend from $0.1808 to $0.1085 per common share, improving financial flexibility. AQN will continue distributions to shareholders with a sustainable dividend that is expected to grow in general alignment with Adjusted Net Earnings per share. AQN continues to pursue the Kentucky Power Acquisition. Leveraging AQN's demonstrated track record of operational excellence, the Company's pending acquisition of Kentucky Power Company and AEP Kentucky Transmission Company is expected to generate long-term value for customers and investors alike. On December 15, 2022, the U.S. Federal Energy Regulatory Commission denied approval of the Kentucky Power Acquisition as filed. The parties plan to continue to seek FERC approval of the Kentucky Power Acquisition. AQN intends to refocus its portfolio by targeting approximately $1 billion of additional asset sales. Proceeds from the next phase of renewable asset recycling and additional asset sales are expected to be used to pay down debt and continue to fund growth. AQN will be suspending its dividend reinvestment plan for its common shares. Effective for the first quarter 2023 dividend, shareholders participating in the DRIP will begin receiving cash dividends. If the Company elects to reinstate the DRIP in the future, shareholders who were enrolled in the DRIP at its suspension and remain enrolled at reinstatement will automatically resume participation in the DRIP. AQN expects Adjusted Net Earnings per common share, excluding gains or losses on asset sales, of $0.55 to $0.61 for the 2023 fiscal year.
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CBTTF | Hot Stocks07:11 EST Cathedra Bitcoin provides operation, corporate update - Cathedra Bitcoin announces the following operations and corporate updates. The Company has received an additional 1,385 Bitmain Antminer S19J Pro machines from its 2021 futures order, 920 of which are being installed at the Company's mine in Washington. The final 773 S19J Pros from the 2021 futures order are expected to be delivered in Q1 2023, as the Company elected to ship these machines via ocean freight rather than air freight to conserve cash. The Company continues to evaluate potential deployment opportunities for the remaining 1,238 S19J Pros to further increase its bitcoin mining hash rate. In recent weeks, the Company has optimized its operations at two sites by "underclocking" certain of its existing machines-reducing power draw to improve machine efficiency, as measured by energy consumed per unit of hash rate produced. The Company performed these optimizations at its Washington mine and one of the data centers at which it hosts machines in Tennessee. The Company selected these two sites to maximize operating cash flow under current market conditions and expects to complete this optimization in the next week, after which it estimates the Washington site will produce 88 PH/s using 2.0 MW vs. 52 PH/s from 2.0 MW previously and the Tennessee data center will produce 24 PH/s using 0.6 MW vs. 37 PH/s from 1.1 MW previously. Finally, in accordance with its ongoing efforts to conserve cash, the Company has made further reductions to corporate salaries, now saving an estimated $285,000 per year in payroll expenses. Additionally, the Company has reached an agreement with its board of directors to restructure the board's compensation plan. Under the restructured plan, the Company will reduce its total cash directors' fees by US$62,400 per year and in return grant its directors a total of 1,560,000 restricted share units under the Company's long-term incentive plan for the 2023 fiscal year. The restricted share units will vest one year following the date of the grant, being January 6, 2023.
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MTNB | Hot Stocks07:10 EST Matinas BioPharma announces collaboration with National Resilience - Matinas BioPharma announced a strategic collaboration with National Resilience, "a technology-focused manufacturing company dedicated to broadening access to complex medicines." The parties have entered into a Material Transfer and Evaluation Agreement focused on exploring the potential for oral delivery of identified nucleic acids. The parties will closely collaborate on a comprehensive research program comprising the design, formulation, optimization, and in vitro and in vivo testing of these nucleic acid formats in combination with Matinas' proprietary LNC platform. Terms of the collaboration were not otherwise disclosed. "Our mission is dedicated to unlocking and delivering the full clinical potential of therapies that require intracellular delivery," said Jerome D. Jabbour, Chief Executive Officer and Co-founder of Matinas. "We are thrilled to collaborate with this world-class organization to further demonstrate the capabilities of our LNC platform. We view Resilience as an ideal platform partner and we are excited to work together with them in support of their mission to allow scientists to make their therapies quickly, safely and at scale, so patients around the world can have access to the medicines they need. Importantly, the nature of our collaboration and relationship with
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RHHBY | Hot Stocks07:10 EST Roche announces EC approval of Xofluza in children aged one year and above - Roche announced that the European Commission has approved Xofluza in children aged one year and above for the treatment of uncomplicated influenza and for post-exposure prophylaxis of influenza. Post-exposure prophylaxis aims to prevent influenza in individuals following contact with someone infected with the influenza virus. The Commission's Decision is based on the results of the phase III miniSTONE-2 and BLOCKSTONE studies. "This approval marks the first single-dose, oral influenza medicine approved in Europe for children, and now means that Xofluza can be used to treat and prevent uncomplicated influenza in children aged one year and above, and in adolescents and adults," the company stated.
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AQN | Hot Stocks07:09 EST Algonquin Power to suspend dividend reinvestment plan - AQN will be suspending its dividend reinvestment plan for its common shares. Effective for the first quarter 2023 dividend, shareholders participating in the DRIP will begin receiving cash dividends. If the Company elects to reinstate the DRIP in the future, shareholders who were enrolled in the DRIP at its suspension and remain enrolled at reinstatement will automatically resume participation in the DRIP.
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AQN | Hot Stocks07:08 EST Algonquin Power to target $1B of additional asset sales - AQN intends to refocus its portfolio by targeting approximately $1 billion of additional asset sales. Proceeds from the next phase of renewable asset recycling and additional asset sales are expected to be used to pay down debt and continue to fund growth.
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AAL | Hot Stocks07:08 EST American Airlines jumps 3.3% in premarket trading after boosting Q4 guidance
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YEXT AAPL | Hot Stocks07:08 EST Yext launches integration with Apple Business Connect - Yext (YEXT) announced an integration with Apple (AAPL) Business Connect, a free tool that allows businesses to claim their location place cards and customize the way key information appears to Apple users. Business Connect includes the Business Connect API, which supports updates to the Apple Maps place card at scale and has several features designed to drive local engagement. Current Yext Listings customers automatically have access to the integration and can now make updates to the Apple Maps place card by leveraging the new Business Connect API. With this upgrade, organizations can also further optimize their digital presence with Showcases, a feature that allows users to highlight offers or promotions for specific locations in the Apple Maps place card. "Our integration with the new Apple Business Connect API underscores our commitment to constantly advance our listings offering," said Marc Ferrentino, President and Chief Operating Officer at Yext. "Any organization using Yext's Answers Platform can confidently say that their customers have the most accurate, up-to-date information available at their fingertips whenever they search for something online. This level of control is a game changer for any brand looking to optimize their discovery and engagement at a local level."
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AQN | Hot Stocks07:08 EST Algonquin Power to lower quarterly dividend to 10.85c per share - Effective for its first quarter 2023 dividend, AQN intends to lower its quarterly dividend from 18.08c to 10.85c per common share, improving financial flexibility. AQN will continue distributions to shareholders with a sustainable dividend that is expected to grow in general alignment with Adjusted Net Earnings per share
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AAL | Hot Stocks07:07 EST American Airlines sees Q4 TRASM up 24% vs. 4Q19
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AAL | Hot Stocks07:06 EST American Airlines achieves more than half goal to reduce total debt by $15B - The company said it has achieved more than half of its goal to reduce total debt by $15B by the end of 2025, with total debt down more than $7.5B in the first 18 months of the program.
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TLRY | Hot Stocks07:06 EST Tilray unveils brand refresh for cannabis, wellness brand Solei - Tilray Brands unveiled a brand refresh for cannabis wellness brand Solei and introduces new ritual-based products including Solei 'Slims' and Solei CBN 'Softgels'. Solei showcases its new visual branding with a refined look and feel to reflect its new approach to wellness as it introduces the latest product innovation to its portfolio this season. Solei 'Slims' an elevated approach to pre-rolls are available in two single-strain classics, 'Free' and 'Balance'. The brand's sun-grown whole-flower pre-rolls are thoughtfully curated so you can complement your desired mood with ease. These perfectly-packed Slims are the first of its kind for Solei's portfolio; smooth burning, and convenient... Solei 'Slims' an elevated approach to pre-rolls are available in two single-strain classics, 'Free' and 'Balance'. The brand's sun-grown whole-flower pre-rolls are thoughtfully curated so you can complement your desired mood with ease. These perfectly-packed Slims are the first of its kind for Solei's portfolio; smooth burning, and convenient.Solei 'Softgels' new innovation following the brand's 'Renew' Moonlight CBN vape launch, the new 'Rest', CBD:CBN softgels are joining the family and are carefully crafted for a more natural wind-down ritual... .
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JCIC | Hot Stocks07:06 EST Jack Creek Investment reschedules extraordinary meeting of shareholders - Jack Creek Investment announced the rescheduling of Jack Creek's extraordinary general meeting of shareholders previously scheduled to be held on January 12, 2023. The EGM has been rescheduled for January 24, 2023 at 10:00 a.m. Eastern Time. The deadline for holders of Class A ordinary shares to request that Jack Creek redeem all or a portion of their shares is, accordingly, January 20, 2023 at 5:00 p.m. Eastern Time. As previously announced, the EGM will occur at the offices of Weil, Gotshal & Manges LLP located at 767 Fifth Avenue, New York, NY 10153. The EGM is being held to vote on the proposals described in the definitive proxy statement, filed with the Securities and Exchange Commission on December 20, 2022 by Jack Creek relating to the potential business combination between Bridger Aerospace Group Holdings and Jack Creek and related transactions. The record date for the determination of shareholders entitled to vote at the EGM, including all adjournments thereof, remains November 30, 2022. The Jack Creek Board of Directors recommends that shareholders vote in favor of the proposals.
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AAL | Hot Stocks07:06 EST American Airlines sees Q4 adjusted operating margin 10.25%-10.5% - Previous guidance was 5.5%-7.5%.
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VORB | Hot Stocks07:06 EST Virgin Orbit provides update on Start Me Up mission anomaly - The Start Me Up mission was the first orbital launch attempt in history conducted from western Europe. The flight was conducted by Virgin Orbit's air-launched LauncherOne system from the newly commissioned Spaceport Cornwall in the UK, which just a few weeks ago was transformed from a mere slab of empty cement at a commercial airport into the world's newest space launch operations center. After successfully proceeding through pre-launch operations and taking off as planned from the runway at Spaceport Cornwall, Virgin Orbit's carrier aircraft traveled to the bespoke drop zone selected for this mission and successfully released the rocket. The rocket then ignited its first stage engine, quickly going hypersonic and successfully completing the stage one burn. Initial data assessments indicate that the first stage of the rocket performed as expected, that the rocket reached space altitudes, and that stage separation, ignition of the upper stage, and fairing separation similarly occurred per the planned mission timeline. Later in the mission, at an altitude of approximately 180 km, the upper stage experienced an anomaly. This anomaly prematurely ended the first burn of the upper stage. This event ended the mission, with the rocket components and payload falling back to Earth within the approved safety corridor without ever achieving orbit. Virgin Orbit's carrier aircraft and its crew returned safely to Spaceport Cornwall. Update on the Investigation and Next Steps: Virgin Orbit has initiated a formal investigation into the source of the second stage failure. An extensive fault analysis and investigation and completion of all required corrective actions identified during the investigation will be completed prior to the next flight. Virgin Orbit is continuing to process its next scheduled rocket through final integration and checkout ahead of its upcoming mission, which is planned to occur from the Mojave Air and Space Port in California.
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TD | Hot Stocks07:05 EST Toronto-Dominion extends TD Garden naming rights through 2045 - TD Bank, Boston's sports and entertainment arena TD Garden's naming rights partner, and Delaware North, announced a 20-year naming rights extension that keeps the landmark and arena name as "TD Garden" through 2045. TD Bank has been the exclusive naming rights partner of the "Boston Garden" arena since July 1, 2005. The agreement was set to expire in 2025, but this early naming rights extension adds another 20 years to the existing relationship. In addition, TD Bank has renewed its status as the official bank of the Boston Bruins through 2045. Financial terms of the deal will not be disclosed. With the extension, TD Bank is committing more than $15M in community programming to make the arts more accessible and inclusive. TD Bank customers can receive a 15% discount at the ProShop, free admission to The Sports Museum located in TD Garden, fast lanes at select concessions lines for customers who show their TD Bank card, and $20 TD Garden mobile gift cards to customers who add their TD Bank card as a form of payment in the TD Garden Hub App. TD Bank will also open a newly branded activation zone on Level 7 of the arena in spring 2023. As the official bank of the Boston Bruins, TD Bank will be featured on the helmets of Boston Bruins players through the 2044/45 season. Additionally, TD Bank will sponsor a variety of initiatives with the Bruins throughout the hockey season.
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AAL | Hot Stocks07:05 EST American Airlines flew 66B total ASMs, down 6.1% vs. 4Q19 - In a regulatory filing, American Airlines said it flew 66.0 billion total available seat miles in Q4, down 6.1% versus the fourth quarter of 2019, near the mid-point of its prior guidance of down 5% to 7%. Fourth quarter total revenue per available seat mile is expected to be up approximately 24% versus the fourth quarter of 2019, higher than its previous guidance of up 18% to 20%. The company expects fourth quarter CASM-ex to be up approximately 10%, compared to its previous guidance of up between 8% and 10%.
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NXTTF | Hot Stocks07:04 EST Lifeist's Mikra to sell CELLF in over 5,000 GNC stores - Lifeist Wellness announced that its U.S. biosciences subsidiary Mikra Cellular Sciences has signed a distribution agreement with GNC Holdings to make GNC the exclusive distribution partner for CELLF and its future derivates in the United States in GNC's retail stores, at gnc.com and on GNC's channel on Amazon.com, for an initial 12-month period. CELLF will also be available for sale at gnc.com, on Mikra's proprietary e-commerce platform wearemikra.com, and through other e-commerce marketplaces besides Amazon. Mikra also retains the ability to sell directly or indirectly outside the United States.
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EVGO | Hot Stocks07:03 EST EVgo launches EVgo ReNew to improve charging experience nationwide - EVgo announced EVgo ReNew, a maintenance program designed to ensure stations across EVgo's charging network meet its quality and technology standards. Through the program, EVgo plans to replace, upgrade, or in some cases retire, hundreds of stations over the coming year with the goals of enhancing charger availability and building range confidence for EV drivers of all types. "More than a decade ago, EVgo was one of the first companies to install public fast chargers. The EVgo ReNew program represents our ongoing dedication to reliability as we proactively modernize legacy infrastructure and work to deliver the consistent, high-quality charging experience customers expect across our network," said Cathy Zoi, CEO at EVgo. "As more EVs come to market with expanded ranges, large battery packs and higher power charging capabilities, EVgo is invested in building and maintaining a charging network fit to welcome and support an all-electric future for every driver."
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SSTK META | Hot Stocks07:02 EST Shutterstock expands relationship with Meta Platforms - Shutterstock (SSTK) will help fuel Meta's (META) continued investment in AI. The expanded relationship reflects the commitment both companies have to being at the forefront of AI innovation, as well as the power of Shutterstock's expansive content library. "AI has the potential to drive an explosion of creativity," said Paul Hennessy, CEO at Shutterstock. "Shutterstock is expanding our long-standing relationship with Meta, which follows our partnerships with OpenAI and LG AI Research announced last year, to reinforce our mission to invest in technology that brings creative ideas to life faster. We want to automate the busywork required to complete creative projects and help creators understand how their work is resonating. Our content will remain at the heart of these advancements both on and off our platform, and we will continue to shape the future of generative AI in a way that is ethical and artist-centric."
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WT | Hot Stocks07:02 EST WisdomTree reports monthly metrics for December 2022 - WisdomTree released monthly metrics for December 2022, including assets under management, AUM, and flow data by asset class. Key Highlights: 2022 net inflows over $12 billion, nearly 16% firm-wide organic growth, with net inflows in 7 of its 8 major product categories during the year. Q4 net inflows over $5 billion. Nine consecutive quarters of net inflows with record year-end AUM of nearly $82B. U.S. Equity products have generated net inflows in 30 of the prior 31 months, including $472 million in December and $3.3 billion of net inflows for the full year - a 14% pace of organic growth in 2022. WisdomTree announced nine new blockchain-enabled funds effective with the SEC, bringing the total to ten effective digital funds. These funds are in addition to the dollar and gold tokens that the firm is making available through WisdomTree PrimeTM.
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ALYA | Hot Stocks07:02 EST Alithya Group appoints Bernard Dockrill as new COO - Alithya Group has appointed Bernard Dockrill as COO, effective January 30. Claude Rousseau, Alithya's current COO, will be leaving the organization at the end of the current fiscal year on March 31, 2023 for retirement. He will serve as special advisor to the CEO until his departure to ensure an effective transition. Dockrill has worked in multiple industry sectors including financial services, insurance, healthcare, manufacturing, retail and distribution throughout the United States. He also currently serves on the board of directors of Junior achievement of Greater Boston.
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LOGI | Hot Stocks06:58 EST Logitech falls 16% to $57.06 after cutting FY23 revenue growth view - The company's Q3 revenue outlook also came in below consensus estimates.
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EXK | Hot Stocks06:53 EST Endeavour Silver sees 2023 production 8.6-9.5 million oz. silver equivalent - Endeavour Silver reported consolidated production and cost guidance and capital and exploration budgets for 2023. In 2023, expected silver production is 5.7-6.3 million ounces and gold production is expected to be 36,000-40,000 oz. Silver equivalent production is forecasted to total 8.6-9.5 million oz at an 80:1 silver:gold ratio. Consolidated cash costs and all-in sustaining costs in 2023 are estimated to be $10.00-$11.00 per oz silver and $19.00-20.00 per oz silver, respectively, net of gold by-product credits. Consolidated cash costs on a per ounce basis are expected to be similar to 2022 and AISC slightly lower. "Our 2023 guidance marks our fourth consecutive year of production growth and a 25% increase from the mid-point of last year's original forecast. Our ongoing operational success is a product of culture and values promoted throughout the Company for safe and sustainable operations, together with improved mineral quality at Guanacevi," stated CEO Dan Dickson. "The combination of higher consolidated throughput and produced ounces allows for similar projected unit costs, amidst an inflationary-challenged landscape. While we continue to see cost pressures in explosives, energy prices and steel, we have also identified efficiencies to mitigate costs."
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KFY | Hot Stocks06:49 EST Korn Ferry to realign workforce, eliminate underutilized office space - In a regulatory filing, Korn Ferry said, "In light of the company's evolution to an organization that is selling larger integrated solutions in a world where there are shifts in global trade lanes and persistent inflationary pressures, on January 11, 2023, the company initiated a plan intended to realign its workforce with its business needs and objectives, namely, to invest in areas of potential growth and implement reductions where there is excess capacity. In addition to headcount reductions (which will affect less than five percent of the company's employees), the company will further reduce its cost base by eliminating underutilized office space. The Plan is expected to be substantially completed by the end of fiscal 2023. The Plan is expected to reduce the company's annualized cost base by approximately $45.0 million to $55.0 million (after taking into account new hires in connection with the rebalancing of the company's workforce) and is expected to result in an estimated pre-tax charge of approximately $45.0 million to $50 million, consisting of severance and related employee benefit payments and lease termination costs. These charges are expected to include approximately $30.0 million to $35.0 million of cash expenditures, the majority of which will be paid during the remainder of fiscal 2023."
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MNK | Hot Stocks06:49 EST Mallinckrodt appoints Peter Richardson as CSO - Mallinckrodt announced that Dr. Peter Richardson, B.Med.Sci., BM, BS, MRCP has been appointed Executive Vice President and Chief Scientific Officer, effective January 12, 2023. Dr. Richardson will have executive responsibility for Mallinckrodt's branded research and development, medical affairs, safety, and regulatory affairs functions. He will serve on the Company's Executive Committee and succeeds Steven Romano, M.D., who departed Mallinckrodt in December 2022. Dr. Richardson previously served as Executive Vice President, Head of Research and Development and Chief Medical Officer at Antares Pharmaceuticals, overseeing all pharmaceutical research and development activities across the organization.
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LAZ | Hot Stocks06:46 EST Lazard reports preliminary AUM $216.1B as of December 31, 2022 - The month's AUM included market depreciation of $5.7B, foreign exchange appreciation of $2.9B and net outflows of $2.1B. Preliminary average assets under management for the quarter ended December 31, 2022 were $211.2B.
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APOG | Hot Stocks06:31 EST Apogee Enterprises raises quarterly dividend by 9% to 24c per share - Apogee Enterprises has declared a quarterly cash dividend of 24c per share, a 9% increase from its previous quarterly dividend rate of 22c per share. The dividend will be payable on February 15 to shareholders of record at the close of business on January 31.
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TRMB | Hot Stocks06:31 EST University of British Columbia establishes Trimble Technology Lab - Trimble and the Faculty of Forestry at the University of British Columbiaare collaborating to establish a state-of-the-art Trimble Technology Lab at UBC's Forest Sciences Centre. Among the lab technologies that will help expand teaching and research opportunities are computer-based decision support systems, 3D modeling software, rugged field-tablets and 3D laser scanners. Educational areas that will benefit from this new lab space include silviculture, stand dynamics, forest biometrics, carbon management, sustainable harvesting systems and resource identification, quantification and many more.
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GWLLF | Hot Stocks06:29 EST Great Wall Motor achieves sales of over 1M units in 2022 - GWM released the latest sales report that its global sales reached 1,067,523 units in 2022, exceeding one million for seven years in a row. A total of 173,180 vehicles were sold in markets out of China, up 21.28% year on year, hitting a record high.
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ORA | Hot Stocks06:21 EST Ormat Technologies secures financing agreement for Iien Geothermal Project - Ormat Technologies and PT Medco Power Indonesia through their subsidiary company, PT Medco Cahaya Geothermal or MCG, signed a Financing Agreement with PT Sarana Multi Infrastruktur or SMI, for the development of Ijen Geothermal Power Plant. The Ijen power plant will be developed in stages with the first phase of the development is expected to generate 34 MW in 2025. MCG, a jointly owned company between Medco Power and Ormat Technologies - 49% equity share -, will develop and operate the first geothermal power plant in East Java. Ormat also signed a contract as a key contractor on OEC supply for this project.
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GRFX | Hot Stocks06:14 EST Graphex Group, Northern Graphite partner in graphite facility site evaluations - Graphex Group's U.S. subsidiary Graphex Technologies and Northern Graphite announced that Graphex will participate in Northern's selection process for a site suitable for the construction of a large-scale graphite processing facility in Baie-Comeau. The plant is planned to supply coated spherical graphite anode material to the EV/battery markets in North America and beyond. On December 21, 2022 Northern and Graphex announced the signing of a non-binding letter of intent to negotiate a joint venture agreement to build a North American mine-to-battery supply chain. Northern and Graphex will work with the Department of Innovation and Development for the Manicouagan/Baie-Comeau region of Quebec to identify and evaluate sites that could accommodate processing facilities to produce up to 200,000 tons per year of battery anode material where they could conduct their proposed joint venture. The current supply picture for natural graphite in North America is marked both by a significant shortfall in the availability of non-China-sourced graphite raw material that is needed to meet projected demand, and the complete absence of experienced commercial-scale downstream processing to transform that raw material into battery-grade anode material. The collaboration between Northern and Graphex seeks to solve both issues on an industry-wide level by providing OEMs and battery makers with a transparent, ESG compliant supply of quality product needed to meet current and future demand. Northern owns the only graphite mine producing at commercial scale in North America, with a current output of 15,000 tpy of graphite mine concentrate. It also has three development projects with the resources to produce over 100,000 tpy by 2025 and 300,000 tpy by 2027.
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RDWR | Hot Stocks06:09 EST Radware launches new cloud security centers in Australia, Canada, New Zealand - Radware launched new cloud security centers in Melbourne, Australia, Toronto, Canada, and Auckland, New Zealand. The facilities will reduce traffic latency as well as increase service redundancy and mitigation capacity to help customers defend against denial-of-service attacks, web application attacks, malicious bot traffic, and attacks on APIs. It will also help them comply with offshore data routing requirements. In addition to Australia, Canada, and New Zealand, the company recently launched security centers in Chile, Italy, Taiwan, and the United Arab Emirates. The launch of the new facilities extends the company's mitigation capacity to 12Tbps across a network that is made up of more than 50 security centers worldwide.
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NYC | Hot Stocks06:06 EST New York City REIT completes reverse stock split, terminates REIT status - New York City REIT announced that it completed a previously announced reverse stock split at a ratio of 1-for-8 . The Reverse Stock Split took effect at 5:00 p.m. Eastern Time on January 11, and automatically converted each share of Common Stock outstanding at that time into 0.125 shares of Common Stock. Additionally, the company announced that its board authorized the termination of the company's election to be treated as a real estate investment trust or "REIT" election which, when terminated, will be effective January 1, 2023. The company will file a certificate of notice with the Maryland State Department of Assessments & Taxation notifying stockholders of the board's determination to no longer continue to be qualified as a REIT and that therefore the restrictions on ownership and transfer of shares of the company's charter shall no longer apply.
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SCM | Hot Stocks06:06 EST Stellus Capital raises quarterly dividend 43% to 40c per share - Stellus Capital Investment Corporation announced that its Board of Directors has declared a monthly dividend of 13.33c for each of January, February, and March, totaling 40c per share in the aggregate for the first quarter of 2023. Robert Ladd, CEO, stated, "I am pleased to announce a regular dividend for the first quarter of 2023 of 40c per share, in the aggregate, payable monthly. This dividend reflects a 43% increase over the fourth quarter regular dividend of 28c per share or an 18% increase over the combined fourth quarter dividends of 34c per share which included a regular dividend of 28c per share plus an additional dividend of 6c per share. This increase in our dividend reflects the greater earnings that we are generating in this higher interest rate environment in which our loan portfolio is over 95% floating rate and our liability structure is over 65% fixed rate."
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FREY | Hot Stocks06:04 EST Freyr Battery signs agreement with with Impact Clean Power Technology - Freyr Battery has announced a conditional offtake agreement with Impact Clean Power Technology, a manufacturer of battery systems for transportation, industry and stationary energy storage for renewable energy sources, traditional power generation, rail, and telecommunications. Under the terms of the agreement, Freyr will supply 10 - 14 GWh of clean, next-generation battery cells based on the 24M Technologies, SemiSolid platform to Impact from 2025 - 2030. Freyr intends to supply Impact with clean battery solutions based on the same battery cell architecture as the ESS products that will be produced at its Giga Arctic battery production facility in Mo i Rana, Norway. The LFP cells will be integrated into Impact's E-Mobility products for use in commercial vehicles as well as other applications. The contract between Freyr and Impact covers the period until 2030, with potential for further extension. This framework agreement is non-binding and the orders will be carried out in accordance with the needs of Impact and may reach a value of $1.8B based on BNEF's recent 2025 lithium price estimates and other conditions
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TSM | Hot Stocks06:03 EST TSMC sees FY23 capital budget $32B-$36B
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YJ | Hot Stocks06:02 EST Yunji receives non-compliance notice from Nasdaq - Yunji announced that it has received written notification from the staff of the Listing Qualifications Department of the Nasdaq Stock Market dated January 11, 2023, indicating that because the closing bid price of the Company's American Depositary Shares for the last 30 consecutive business days was below US$1.00 per share, the Company no longer meets the Nasdaq minimum bid price requirement, set forth in Nasdaq Listing Rule 5450(a)(1). Pursuant to the Nasdaq Listing Rules, the applicable grace period to regain compliance is 180 days, or until July 10, 2023. The Company intends to monitor the closing bid price of its ADSs between now and July 10, 2023 and is considering its options, including an adjustment of its ADS-to-Class A ordinary share ratio, in order to regain compliance with the Nasdaq minimum bid price requirement. The Company can cure this deficiency if the closing bid price of its ADSs is US$1.00 per share or higher for at least ten consecutive business days during the grace period. The Company intends to cure the deficiency within the prescribed grace period.
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COTY | Hot Stocks06:02 EST Coty extends license agreement with Jil Sander - Coty and Jil Sander renewed their license agreement as well as the mutual decision to proceed with a long running partnership between the two companies. The renewal of the license agreement paves the way for a new 10-year strategic project which will see Jil Sander brand stepping into global ultra-premium fragrances' segment for the first time.
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MTP | Hot Stocks05:58 EST Midatech Pharma announces planned dose escalation in Phase 1 MTX-110 study - Midatech Pharma is pleased to announce that following completion of one month of treatment with MTX-110 in the first patient, its Phase I study of MTX-110 in recurrent glioblastoma will continue with a planned dose escalation following a positive recommendation from the study's Data Safety Monitoring Board. The Phase I study, the MAGIC-G1 study, is an open-label, dose escalation study designed to assess the feasibility and safety of intermittent infusions of MTX-110 administered by convection enhanced delivery via implanted refillable pump and catheter. The study aims to recruit two cohorts, each with a minimum of four patients; the first cohort will receive MTX-110 only and the second cohort will receive MTX-110 in combination with lomustine. The first patient in the study was dosed at 60uM of MTX-110 via direct-to-tumour delivery and has received four 48-hour infusions over a period of four weeks. No treatment-associated adverse events were noted in the patient during this period. Following successful completion of the first month of treatment, the DSMB reviewed the available data on 11 January 2023 and recommended dose escalation in the study to 90uM. This dose is expected to be the optimal one of MTX-110 and is the one currently being used in the ongoing Phase I study of patients with diffuse intrinsic pontine glioma at the Columbia University, USA. Patient 1 continues treatment as per the study protocol and patient 2 is expected to start treatment by the end of January 2023 and will receive the 90uM dose.
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BPTS | Hot Stocks05:57 EST Biophytis receives Nasdaq notice of non-compliance - Biophytis received a deficiency notice from The Nasdaq Stock Market stating that the company has not filed its financial information for the six-month period ended June 30, 2022 on a Form 6-K and as a result the company no longer complies with Nasdaq's listing rules for continued listing set forth in the Listing Rule 5250(c)(2). The company is currently working on the Plan to regain compliance with respect to the Listing Rule 5250(c)(2) to meet the requirements for continued listing on the Nasdaq Capital Market. It intends to submit such Plan to Nasdaq as soon as practicable prior to March 6.
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LVS | Hot Stocks05:50 EST Las Vegas Sands to pursue casino project on Long Island, New York - With the recent release of the New York State Gaming Commission's Request for Application for three downstate New York gaming licenses, Las Vegas Sands announced its intention to pursue the development of a multi-billion-dollar flagship hospitality, entertainment and casino project on Long Island, New York. The company has entered into agreements to purchase the long-term lease of the site currently home to the Nassau Veterans Memorial Coliseum. These transactions, which still require certain approvals, would grant the company control of up to 80 acres in Nassau County, New York. The project would also provide thousands of quality union jobs in both construction and operations.
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CMCSA CMCSK | Hot Stocks05:49 EST NBC News President Noah Oppenheim stepping down - NBC News' longtime president, Noah Oppenheim, is stepping down but will stay with NBCUniversal to produce movies and scripted television shows, the company announced Wednesday. Oppenheim, who led NBC News for six years and oversaw the "TODAY" show for two years before that, will produce projects in partnership with NBCUniversal, Cesar Conde, the chairman of the NBCUniversal News Group, said in a statement to employees. Rebecca Blumenstein, a deputy managing editor of The New York Times since 2017, will step into the new role of president of editorial, Conde said. "We are excited for his new chapter and that he will continue to work closely with NBCUniversal in this new role," Conde said of Oppenheim. "We are grateful for his leadership and the many accomplishments of NBC News during his tenure." Reference Link
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AAPL HNHPF | Hot Stocks05:46 EST Kuo: Next generation AirPods to ship in 2H24 or 1H25 - The next-generation AirPods will likely begin mass shipments in 2H24 or 1H25, according to Apple analyst Ming-Chi Kuo via Twitter. Kuo says the shipments will include "more affordable AirPods (with Apple targeting a price of $99) and new AirPods Max, which will be assembled by Luxshare ICT and Hon Teng." Kuo also noted that: "AirPods assembly and Hon Hai's EV business/MIH Consortium will be two major growth drivers for Hon Teng in the coming years." Reference Link
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