Stockwinners Market Radar for February 06, 2023 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
ACCD | Hot Stocks20:40 EST Cathie Wood's ARK Investment bought 313.7K shares of Accolade today
|
RBLX | Hot Stocks20:39 EST Cathie Wood's ARK Investment bought 130K shares of Roblox today
|
GOL | Hot Stocks20:14 EST Gol Linhas announces preliminary January traffic figures - GOL Linhas announces preliminary air traffic figures for the month of January 2023, compared to the same period in 2022. GOL's total supply increased 6.2%. Total seats increased 7.3% and the number of departures increased by 7.9%. GOL's total demand increased by 8.9% and the load factor was 84.7%. GOL's domestic supply decreased 3.0% and demand increased by 0.3%. GOL's domestic load factor was 85.6%. The volume of departures increased by 3.5% and seats increased by 3.0%. GOL's international supply was 1,175 million, the demand was 396 million and international load factor was 77.5%.
|
GSD | Hot Stocks19:11 EST Global System Dynamics sponsor DarkPulse requested extension to complete merger - Global System Dynamics "announced that its sponsor, DarkPulse, has requested a one-month extension to complete its initial business combination. Per the terms of the agreement, the Sponsor will deposit an aggregate of $83,947.13 into the Company's trust account for the benefit of its valued public stockholders. This additional contribution enables the Company to extend the date by which the Company has to complete its initial business combination for an additional one-month extension from February 9, 2023 to March 9, 2023. Such contribution effectively increases the pro rata portion of the funds available in the Company's trust account in the event of the consummation of an initial business combination, liquidation, or other redemption event, by $0.0625 per share. The request is subject to approval by the Company's Board of Directors. Should the Company's Board of Directors approve the Sponsor's request, the Sponsor has until February 9, 2023 to deposit the funds into the Company's trust account. The Sponsor's contribution will be funded as a non-interest bearing loan that will either be paid upon earlier of consummation of an initial business combination or the company's liquidation, or, at the lender's discretion and subject to certain conditions, converted upon consummation of the initial business combination into additional units, at a price of $10.00 per unit, identical to the units issued in the Company's private placement that was consummated in connection with the Company's initial public offering."
|
AMZN TWKS | Hot Stocks19:01 EST Thoughtworks acquires Australian AWS consultancy Itoc, terms not disclosed - Thoughtworks (TWKS) announced its acquisition of privately-held Itoc, a leading Amazon Web Services (AMZN) Advanced Consulting Partner and Cloud Managed Services Provider in Australia. The acquisition expands Thoughtworks' capabilities to modernize and place digital at the heart of operations for clients on their journeys to the cloud. "While businesses looking to modernize operations are moving to the cloud for increased speed at scale, they are also looking for ways to innovate, enhance customer experiences and stand out from the competition," said Guo Xiao, president and chief executive officer, Thoughtworks. "I am excited about making this acquisition happen with the highly talented team at Itoc who have accelerated hundreds of clients' digital transformations through the creative and optimum use of their IT infrastructure on a highly-flexible AWS cloud platform." Financial details are not being disclosed.
|
MNTS | Hot Stocks18:47 EST Momentus provides Vigoride-5 status update - Momentus announced that its Vigoride-5 Orbital Service Vehicle launched on the SpaceX Transporter-6 mission on January 3 continues to be in good health and that the team is continuing to fully commission the vehicle in preparation for further on-orbit operations. Recent activities have focused on tuning the performance of the attitude determination system and beginning pressurization of the vehicle's propulsion system. The vehicle's power and temperatures continue to be within the nominal expected ranges.
|
CTVA | Hot Stocks18:46 EST Corteva CEO: Outlook for 2023 is very healthy - In an interview on CNBC's Mad Money, Chuck Magro said 2023 will be a very strong year for seed and crop protection products. "2022 was a good year. We saw strong demand, and 2023 should be similar," he noted. The company's plan is to increase investment in R&D to $1.5B in the next three years.
|
SYK | Hot Stocks18:26 EST Stryker CFO Boehnlein sells $6.8M in common stock - In a regulatory filing, Stryker disclosed that its CFO Glenn Boehnlein had sold 24.4K shares of its common stock during February 2nd in a total transaction size of $6.8M.
|
COLM | Hot Stocks18:24 EST Columbia Sportswear CEO: There is enormous opportunity in footwear - Tim Boyle is speaking in an interview on CNBC's Mad Money. "Long term, we focus on positioning the balance sheet to invest when others can't," he noted.
|
SOFI | Hot Stocks18:04 EST SoFi Technologies general counsel Lavet sells 200,000 common shares - In a regulatory filing, SoFi Technologies general counsel Robert Lavet disclosed the sale of 200,000 common shares of the company on February 2 at a price of $8.062 per share.
|
ADM | Hot Stocks18:01 EST Archer Daniels opens more than $30M production facility in Valencia, Spain - ADM announced that it has opened a new production facility in Valencia, Spain to "help meet rising global demand for probiotics, postbiotics and other products that support health and well-being." The production facility represents an investment north of $30M and a more than five-fold increase in ADM's production capacity, increasing it to 50 metric tons per year. The facility will allow ADM to supply growing markets for probiotics and postbiotics in the U.S., Asia-Pacific and Europe. ADM expects its customer base will more than triple over the next five years as more people recognize the links between the gut microbiome and many aspects of health and look for products tailored to their specific needs. "Health and well-being is one of the three enduring trends powering ADM's growth strategy: Consumers are increasingly aware of the role their gut microbiome can play in their everyday lives, and they're seeking nutrition solutions that are backed up by science-based research," said Mark Lotsch, president, Global Health & Wellness. "ADM is a leader in meeting this growing global demand, and we're continuing to invest in the cutting edge of health and nutrition," he said.
|
AEHA | Hot Stocks17:59 EST Aesther Healthcare acquisition jumps 18% after approval for combination - SPAC Aesther Healthcare and Ocean Biomedical announced that its stockholders approved all proposals related to the previously announced proposed business combination between Aesther and Ocean at a special meeting of stockholders held on February 3, 2023.
|
HLGN | Hot Stocks17:59 EST Heliogen names Christie Obiaya CEO - Heliogen announced that its Board of Directors has appointed Christie Obiaya as Chief Executive Officer and added Obiaya to the board of directors, effective immediately. Ms. Obiaya, head of Heliogen's Executive Committee and formerly its Chief Financial Officer, replaces Bill Gross, who was removed as Chief Executive Officer and has resigned from the board of directors. "As Heliogen moves forward on commercial projects, Christie brings almost two decades of operational and financial experience, with degrees and a working background in both business and engineering," said Robert Kavner, Heliogen's lead independent director. "Having served as Chief Financial Officer of Heliogen and chair of the executive committee, she is intimately familiar with our innovative renewable energy technology, our customers, and the priorities to drive our future success. This knowledge, together with her experience growing and managing energy and infrastructure development and sustainable technologies, make her the right person to take on these additional responsibilities. Christie, together with the rest of Heliogen's management team, will focus on and advance the company's strategic plan." As part of the leadership transition, Kelly Rosser has been appointed interim Chief Financial Officer. Rosser has served as Heliogen's Chief Accounting Officer since August 2022.
|
USDP | Hot Stocks17:51 EST USD Partners amends existing revolving credit facility - On January 31 USD Partners and USD Terminals Canada an indirect, wholly-owned subsidiary of the Partnership and the subsidiary guarantors party thereto, entered into an amendment to the Borrowers' existing revolving credit agreement, dated as of November 2, 2018. Among other things, the Amendment provides the Partnership with relief from compliance with the Credit Agreement's maximum consolidated leverage ratio and minimum consolidated interest coverage ratio through the Credit Agreement's current maturity date, as management works to obtain renewals, extensions or replacements of agreements that expired during 2022 and those that are set to expire this year. Management continues to see positive momentum around the Partnership's re-contracting negotiations. Additional details regarding the Amendment are included in the Partnership's Current Report on Form 8-K filed on February 6.
|
UNVR | Hot Stocks17:48 EST Univar acquires ChemSol Group for undisclosed amount - Univar Solutions announced that it has acquired ChemSol Group, a leading ingredients and specialty chemicals distributor operating in Costa Rica, Guatemala, El Salvador, Panama, and Honduras. Univar Solutions to Expand Central American Presence with ChemSol AcquisitionThe acquisition of ChemSol will enhance the Company's geographic footprint in the growing Central American region, as well as its formulation and commercial offering across a wide array of key growth markets. These markets include beauty and personal care; pharmaceutical excipients; food; coatings, adhesives, sealants, and elastomers; lubricants and metalworking fluids. Terms of the transaction were not disclosed.
|
UNVR | Hot Stocks17:46 EST Univar acquires ChemSol Group fro undisclosed amount - Univar Solutions announced that it has acquired ChemSol Group, a leading ingredients and specialty chemicals distributor operating in Costa Rica, Guatemala, El Salvador, Panama, and Honduras. Univar Solutions to Expand Central American Presence with ChemSol AcquisitionThe acquisition of ChemSol will enhance the Company's geographic footprint in the growing Central American region, as well as its formulation and commercial offering across a wide array of key growth markets. These markets include beauty and personal care; pharmaceutical excipients; food; coatings, adhesives, sealants, and elastomers; lubricants and metalworking fluids. Terms of the transaction were not disclosed.
|
BAC | Hot Stocks17:46 EST Bank of America exec Koder sells 214,745 common shares - In a regulatory filing, Bank of America executive Matthew Koder disclosed the sale of 214,745 common shares of the company on February 2 at a price of $35.913 per share.
|
BZFD CMCSA | Hot Stocks17:41 EST Comcast reduces stake in BuzzFeed to 15.9% from 20.0% - In a regulatory 13D/A filing, BuzzFeed (BZFD) disclosed that the Comcast (CMCSA) stake in the company has been reduced to 15.9% from 20.0% reported on February 1st. Shares of BuzzFeed are down 2.7% afterhours at $2.14.
|
HRI | Hot Stocks17:38 EST Herc Holdings discloses investor Carl Icahn sells $22.6M in common stock - In a regulatory filing, Herc Holdings announced that Carl Icahn had sold 142.3K shares of its common stock during February 2nd to February 6th in a total transaction size of $22.6M.
|
BBBY | Hot Stocks17:27 EST Bed Bath & Beyond continues drop, now down 26% after announcing stock offering
|
YETI | Hot Stocks17:27 EST Yeti identifies a 'potential safety concern' regarding certain products - In a regulatory filing, Yeti has identified a potential safety concern regarding the Hopper M20 Soft Backpack Cooler, the Hopper M30 Soft Cooler, and the SideKick Dry Gear Case. Yeti has notified the U.S. Consumer Product Safety Commission that the magnetic closure of these products can fail and release magnets, posing a risk of serious injury or death if the magnets are ingested. While Yeti is not aware of any reported injuries at this time, the safety of Yeti's customers and quality of its products are of the utmost importance. Yeti is implementing a global stop sale of the products and will be working with CPSC and other relevant global regulatory authorities on appropriate next steps. Yeti plans to provide additional information on this matter during its fourth quarter and fiscal year 2022 earnings report on Thursday, February 23.
|
ROG | Hot Stocks17:26 EST Starboard Value reports 6.5% stake in Rogers Corporation - Starboard Value disclosed it holds a 6.5% stake in Rogers Corporation, or 1.22M shares. Starboard purchased the shares based on its belief that the shares, when purchased, were undervalued and represented an attractive investment opportunity. Depending upon overall market conditions, other investment opportunities available to Starboard, and the availability of shares at prices that would make the purchase or sale of shares desirable,Starboard may endeavor to increase or decrease their position in Rogers through, among other things, the purchase or sale of shares on the open market or in private transactions or otherwise, on such terms and at such times as it may deem advisable.
|
CHGG | Hot Stocks17:23 EST Chegg falls 21% to $16.63 after FY23 revenue guidance misses estimates
|
IDCC | Hot Stocks17:17 EST InterDigital raises price range for $200M buyback tender offer - InterDigital announced that it is amending its previously announced modified "Dutch auction" tender offer to purchase for cash up to $200M of its common stock. The Tender Offer was originally set at a price per share not less than $60.00 and not greater than $69.00, less any applicable withholding taxes and without interest. As amended, the Tender Offer is now set at a price per share not less than $65.25 and not greater than $75.00, less any applicable withholding taxes and without interest. On February 3, 2023, the last full trading day before the amendment of the Tender Offer, the closing price of the Common Stock was $71.29 per share. The Tender Offer will expire at 11:59 p.m., New York City time, on February 17, 2023, unless extended or terminated.
|
JVA | Hot Stocks17:02 EST Coffee Holding receives non-compliance letter from Nasdaq - Coffee Holding announced that it received a notice on February 2 from The Nasdaq Stock Market stating that the Company is not in compliance with the requirements for continued listing under Nasdaq Listing Rule 5250 because the Company has not yet filed its Annual Report on Form 10-K for the year ended October 31, 2022, with the SEC. The Notice has no immediate effect on the listing or trading of the Company's common stock on the Nasdaq Capital Market. The Notice states that the Company has 60 calendar days from the date of the Notice, or April 3, 2023, to submit a plan to regain compliance with the Listing Rule. The Company continues to work diligently to finalize its Annual Report and plans to file its Annual Report as promptly as possible to regain compliance with the Listing Rule.
|
BBBY | Hot Stocks16:56 EST Bed Bath & Beyond falls 13% after announcing stock offering
|
CWT | Hot Stocks16:35 EST California Water Service teams with billpay service Promise on payment plans - California Water Service announced that it has partnered with Promise to offer residential customers customizable, interest-free PromisePay payment plans for past-due water bills. These payment plans offer even more flexibility beyond Cal Water's other payment plans, all of which enable customers with past-due accounts to avoid interruptions in water service. Cal Water residential customers with a past-due balance of $50 or more can now access the PromisePay online system at calwater.promise-pay.com. Customers without internet access can call their local Cal Water office to set up a plan by phone. Promise's payment plans are private and easy to set up, and enable customers to structure their plans to best suit their needs. T
|
WHF | Hot Stocks16:33 EST WhiteHorse Finance increases capital commitments to joint venture - WhiteHorse Finance announced that the Company, together with State Teachers Retirement System of Ohio, a public pension fund established under Ohio law, or STRS Ohio, have increased their capital commitments to their joint venture, WHF STRS Ohio Senior Loan Fund by $25M. The increased commitment will be funded by an incremental $15M investment from WhiteHorse Finance and an incremental $10M investment from STRS Ohio bringing total capital commitments to the WHF STRS JV to $175M. The WHF STRS JV was established in 2019 to invest primarily in lower middle market senior secured debt facilities.
|
SSD | Hot Stocks16:31 EST Simpson Manufacturing sees FY23 CapEx $90.0M-$95.0M - The Company provided a FY23 outlook including: operating margin of 18%-20%; interest expense on the outstanding Revolving Credit Facility and Term Loans, which have borrowings of $150.0M and $433.1M as of December 31, 2022, respectively, is expected to be approximately $9.7M, including the benefit from interest rate and cross currency swaps mitigating substantially all of the volatility from changes in interest rates; the effective tax rate is estimated to be 25%-26%, including both federal and state income tax rates and assuming no tax law changes are enacted; capital expenditures are estimated to be $90.0M-$95.0M, including the expected spend of $22.0M-$25.0M on its previously announced Columbus, Ohio facility expansion, with the balance of that project to be spent in 2024. The Company continues to work on integrating ETANCO into its operations. Plans were developed to realize the Company's previously identified synergies in the years ahead which resulted in additional costs in 2022 that are expected to continue in 2023. The Company remains well positioned to capture meaningful benefits from the synergies, subject to changing macroeconomic circumstances, which will delay some of the synergy opportunities.
|
CARR | Hot Stocks16:31 EST Carrier Global strengthens climate goals - Carrier Global announced plans to reduce its greenhouse gas emissions in line with the Science Based Targets initiative to limit global warming to 1.5 C. These new goals, including a net zero target, will build on Carrier's previous, ambitious 2030 Environmental, Social & Governance goals, and further support decarbonization efforts. Carrier is now targeting net-zero GHG emissions across its value chain by 2050, complementing its existing goal of helping its customers avoid more than 1 gigaton of GHG emissions by 2030. The company's comprehensive sustainability strategy addresses scope 1, 2 and 3 emissions, covering enterprise-wide direct and indirect emissions. Near- and long-term goals addressing Carrier's scope 1, 2, and 3 emissions will be developed and published in accordance with the SBTi validation process.
|
PINS | Hot Stocks16:27 EST Pinterest falls 10% to $25.18 after Q4 results, announcement of CFO departure
|
TTOO | Hot Stocks16:26 EST T2 Biosystems advances in HHS and Cohen Foundation's LymeX Diagnostics Prize - T2 Biosystems announced that it has advanced to the Phase 2 accelerator in the U.S. Department of Health and Human Services and the Steven & Alexandra Cohen Foundation's LymeX Diagnostics Prize. The goal of the multiphase LymeX Innovation Accelerator prize competition is to nurture the development of diagnostics toward Food and Drug Administration review. "We are thrilled to announce that we have advanced to the Phase 2 accelerator in the LymeX Diagnostics Prize," stated John Sperzel, Chairman and CEO of T2Biosystems. "We appreciate the leadership from HHS and the Cohen Foundation to advance next generation Lyme diagnostics, and we are grateful to receive this support to advance our T2Lyme Panel for the detection of early Lyme disease."The LymeX Diagnostics Prize Virtual Accelerator provides a pathway to nurture the development of the next generation of Lyme disease diagnostics toward FDA submission and market. ..
|
TTOO | Hot Stocks16:26 EST T2 Biosystems advances in HHS and Cohen Foundation's LymeX Diagnostics Prize - T2 Biosystems announced that it has advanced to the Phase 2 accelerator in the U.S. Department of Health and Human Services and the Steven & Alexandra Cohen Foundation's LymeX Diagnostics Prize. The goal of the multiphase LymeX Innovation Accelerator prize competition is to nurture the development of diagnostics toward Food and Drug Administration review. "We are thrilled to announce that we have advanced to the Phase 2 accelerator in the LymeX Diagnostics Prize," stated John Sperzel, Chairman and CEO of T2Biosystems. "We appreciate the leadership from HHS and the Cohen Foundation to advance next generation Lyme diagnostics, and we are grateful to receive this support to advance our T2Lyme Panel for the detection of early Lyme disease."The LymeX Diagnostics Prize Virtual Accelerator provides a pathway to nurture the development of the next generation of Lyme disease diagnostics toward FDA submission and market. ..
|
MSGE | Hot Stocks16:23 EST MSG Entertainment exploring potential sale of Tao Group interest - Madison Square Garden Entertainment Corp. announced the company is exploring a potential sale of its majority interest in Tao Group Hospitality. Since MSG Entertainment acquired its interest in 2017, Tao Group Hospitality has transformed into a global entertainment dining and nightlife powerhouse, with more than 70 branded locations in over 20 markets across four continents. MSG Entertainment regularly evaluates ways to maximize shareholder value and believes that now is the appropriate time to explore a potential sale of its interest in Tao Group Hospitality. There is no assurance this exploration process will result in a transaction.
|
CW | Hot Stocks16:22 EST Curtiss-Wright awarded $287M IDIQ contract by Edwards Air Force Base - Curtiss-Wright Corporation announced that it has been awarded a ten-year, $287 million firm-fixed-price indefinite delivery, indefinite quantity contract by Edwards Air Force Base - Air Force Test Center. The contract has a base period of five years, valued at $123 million, followed by a five-year option period. Under the agreement, Curtiss-Wright will provide its High Speed Data Acquisition System aerospace instrumentation technology to support AFTC flight test programs, including High Speed Data Acquisition, Network, Recording, Gateway, RF, and Data Analysis Software products and services for Flight Test Instrumentation. The sole source contract provides products, enhancements, upgrades, repair services, field service, and technical support to the HSDAS equipment.
|
KRNL | Hot Stocks16:22 EST Kernel announces charter & trust amendments, intends extension for combination - Kernel Group Holdings announced that its shareholders approved amendments to its charter and trust agreement to change the structure and cost of how KRNL can obtain extensions to the deadline to complete its initial business combination and that KRNL obtained the first of up to six 1-month extensions of the deadline - from February 5, to March 5 - by depositing $300,000 into its trust account with Continental Stock Transfer and Trust Company . KRNL's shareholders, at an extraordinary general meeting of its shareholders held on February 3, 2023, approved amendments to KRNL's Amended and Restated Articles of Association and KRNL's Investment Management Trust Agreement dated February 5, 2021 with Continental to change how KRNL can obtain extensions to the previously applicable February 5, deadline to complete its initial business combination. The amendments allow KRNL to instead obtain up to six 1-month extensions by depositing the lesser of (x) $300,000 or (y) 6c per outstanding public share into the Trust Account by the deadline applicable prior to the extension.The Charter Amendment triggered a right of KRNL's public shareholders to demand the redemption of their public shares out of funds held in the Trust Account. Holders of 22,848,122 public shares properly requested redemption leaving 7,626,878 public shares outstanding. After payment of the redemption price to the redeeming public shareholders of approximately $10.15 per share for an aggregate of $231.9 million, KRNL will have approximately $74.7 million left in its Trust Account. Based on the shares redeemed, the $300,000 per month represents approximately $0.04 per unredeemed share.
|
KFRC | Hot Stocks16:22 EST Kforce increases quarterly dividend 20%. share buyback program to $100M - David Kelly, CFO, said, "We are pleased with our financial performance in 2022 and excited about our future prospects. We continued to be active in returning capital to our shareholders as we repurchased $25 million of stock in the fourth quarter and nearly $68 million of stock in the open market for the full year. We returned approximately 100% of operating cash flows through dividends and share repurchases to our shareholders in 2022. As an additional signal of our belief in the strength of our operating trends and financial strength going into 2023, our Board of Directors approved an increase of approximately 20% in our annual dividend from $1.20 per share to $1.44 per share. Our first quarter dividend of $0.36 per share will be payable on March 24, 2023, to shareholders of record as of the close of business on March 10, 2023."
|
NOG | Hot Stocks16:21 EST NOG says severe weather affected Williston, Permian volumes in Q4 - Northern Oil and Gas said that during the fourth quarter of 2022, severe weather affected production volumes in the Williston and Permian Basins. The Company estimates that its December production was impacted by approximately 10,000 Boe per day, with the Williston Basin accounting for approximately 82% of the reduction and the Permian representing approximately 18%. Despite weather related outages, the Company expects total 2022 production in the range of 75,250 to 75,550 Boe per day, in line with prior guidance. NOG expects total production volumes to be slightly lower for the fourth quarter of 2022 compared to the third quarter, but with higher average daily oil production than in the third quarter of 2022. Total acquisition and development capital expenditures are expected to be in the range of $143-145 million for the fourth quarter. Despite the severe weather, the Company turned-in-line 19.9 net wells during the fourth quarter, with 5.9 net wells in late December, building strong momentum into 2023. Operations have substantially returned to normal in January 2023.
|
NOG | Hot Stocks16:20 EST Northern Oil and Gas management to recommend further 9% dividend increase - Northern Oil and Gas said that management intends to submit a recommendation to the Board of Directors for a further 9% increase to NOG's quarterly common stock dividend, to 37c per share, for the second quarter of 2023. Pending Board approval, this would represent the achievement of NOG's most recently stated dividend growth plan two quarters ahead of plan.
|
LEG | Hot Stocks16:20 EST Leggett & Platt sees FY23 CapEx $100M - Sees FY23: Operating cash flow $450M-$500M; Dividends $240M; Effective tax rate 24%; Minimal acquisitions and share repurchases.
|
NOG | Hot Stocks16:20 EST Northern Oil and Gas raises quarterly dividend 13% to 34c per share - Northern Oil and Gas' Board of Directors has declared a cash dividend in the amount of 34c per share, representing a 13% increase from the prior quarterly dividend. The dividend is payable on April 28, 2023, to stockholders of record as of the close of business on March 30, 2023.
|
HLLY | Hot Stocks16:17 EST Holley names Michelle Gloeckler interim CEO - Holley "announced that Tom Tomlinson will retire as President and CEO and resign from the Board. The Board has appointed current Director, Michelle Gloeckler, as Interim President and CEO while it conducts a comprehensive search process to identify a permanent CEO. The search will be conducted with the assistance of Heidrick & Struggles, who was retained by the Board in September 2022 for a comprehensive review of succession planning. Ms. Gloeckler has been a member of the Board since July 2021 and has over 30 years of experience in consumer-packaged goods, merchandising, sourcing, manufacturing and strategy."
|
OTEC | Hot Stocks16:16 EST OceanTech Acquisitions I terminates merger agreement with Majic Wheels - OceanTech Acquisitions I announced that its previously announced agreement and plan of merger with Majic Wheels Corp. has been terminated by mutual agreement of all relevant parties. As a result, OceanTech will seek an alternative business combination.
|
OTEC | Hot Stocks16:15 EST OceanTech Acquisitions I confirms funding extending business combination period - OceanTech Acquisitions I announced that on February 2, 2023 it caused to be deposited $125,000 into the Company's Trust account for its public stockholders, representing $0.067 per public share, allowing the Company to extend the period of time it has to consummate its initial business combination by one month from February 2, 2023 to March 2, 2023. The Extension is the third of six-monthly extensions permitted under the Company's governing documents.
|
SAVE | Hot Stocks16:14 EST Spirit Airlines sees FY23 ASM up 19%-22%
|
SAVE | Hot Stocks16:13 EST Spirit Airlines sees Q1 ASM up 13.2%
|
SAVE | Hot Stocks16:13 EST Spirit Airlines sees Q1 TRASM up 23%-24.5%
|
GNW | Hot Stocks16:12 EST Genworth names Jerome Upton as CFO - Genworth Financial "announced an update to its senior leadership structure whereby it will separate the roles of Chief Financial Officer and Chief Investment Officer in early March. At that time, Dan Sheehan will transition out of his current combined role of Executive Vice President, CFO and CIO. Jerome Upton will be appointed Executive Vice President and CFO, and Kelly Saltzgaber will be appointed Executive Vice President and CIO. Sheehan will remain in his current combined role through the completion of the company's fourth quarter financial close process and related Form 10-K filing, which is expected to occur in late February. He will then remain with the company in an advisory role until March 31, 2023 in order to ensure a smooth transition."
|
RMBS | Hot Stocks16:10 EST Rambus sees Q1 GAAP licensing billings $61M-$67M - For the first quarter of 2023, the Company expects licensing billings to be between $61 million and $67 million. The Company also expects royalty revenue to be between $25 million and $31 million, product revenue to be between $57 million and $63 million and contract and other revenue to be between $19 million and $25 million. Revenue is not without risk and achieving revenue in this range will require that the Company sign customer agreements for various product sales and solutions licensing, among other matters. The Company also expects operating costs and expenses to be between $104 and $100 million. Additionally, the Company expects non-GAAP operating costs and expenses to be between $87 million and $83 million.
|
PINS | Hot Stocks16:10 EST Pinterest sees Q1 revenue up low single digits - The company states: "Our current expectation is that Q1 2023 revenue will grow low single digits on a year-over-year percentage basis, which takes into account slightly lower foreign exchange headwinds than Q4 2022. We expect our Q1 2023 non-GAAP operating expenses to decline to low double digits percent quarter-over-quarter."
|
PINS | Hot Stocks16:09 EST Pinterest board announces new $500M buyback - Pinterest announced its board of directors' authorization to repurchase up to $500 million of its Class A common stock over the next 12 months.
|
PINS | Hot Stocks16:08 EST Pinterest CFO Todd Morgenfeld to step down - Pinterest announced that Todd Morgenfeld, Chief Financial Officer and Head of Business Operations, will transition from Pinterest to pursue new career opportunities on July 1, 2023. As part of this announcement, effective immediately, Andrea Mallard, Chief Marketing and Communications Officer and Bill Watkins, Chief Revenue Officer, will now report directly to Bill Ready, CEO. These functions are critical to delivering value to Pinners and advertisers and will work closely with the Executive Team on executing against strategic priorities.
|
EAR | Hot Stocks16:08 EST Nasdaq confirms Eargo's minimum bid price deficiency 'cured' - Eargo announced that it received a letter from The Nasdaq Stock Market dated February 1 informing Eargo that the Company's minimum bid price deficiency has been cured. The letter from Nasdaq follows the Company's 1-for-20 reverse stock split approved by stockholders on October 12.
|
PETS | Hot Stocks16:06 EST PetMed Express announces quarterly dividend of 30c per share - The Board of Directors declared a quarterly dividend of 30c per share on the Company's common stock. The dividend will be payable on February 27, to shareholders of record at the close of business on February 20, . The declaration and payment of future dividends is discretionary and will be subject to the determination by the Board of Directors. Based on a sales tax assessment received and accrued in the second quarter fiscal year 2023, the Company initiated a process to evaluate the potential for further sales tax contingencies, We expect to complete the evaluation in the quarter ending March 31, 2023, the results of which could have a material effect on the results of operations.
|
SWKS | Hot Stocks16:03 EST Skyworks announces new $2B buyback - Skyworks Solutions announced that its board of directors has authorized the repurchase of up to $2 billion of the Company's common stock from time to time through Feb. 1, 2025, on the open market or in privately negotiated transactions, in compliance with applicable securities laws and other legal requirements. This newly authorized stock repurchase program succeeds in its entirety the $2 billion stock repurchase program that was approved by the board of directors on Jan. 26, 2021.
|
BTBT... | Hot Stocks16:02 EST Bit Digital reports bitcoins January production up 3% - Bit Digital announced its unaudited bitcoin production and corporate updates for the month of January. Corporate Highlights for January 2023 include: In January the Company earned 134.3 bitcoins, a 3% increase compared to the prior month. The increase in production was primarily driven by a higher average active hash rate, partially offset by an increase in network difficulty. Treasury holdings of BTC and ETH were 970.6 and 10,222.3 with a fair market value of approximately $22.5M and $16.2M, respectively, on January 31. The BTC equivalent of our digital asset holdings as of January 31 was approximately 1,855.7, or approximately $42.9M. The Company had cash and cash equivalents of $28.0M as of January 31. The Company did not purchase or sell any miners during the month.
|
PDLB | Hot Stocks15:57 EST Ponce Financial CEO Naudon purchases 15K shares of company stock - The CEO of Ponce Financial Group Carlos Naudon disclosed in a regulatory filing that he had purchased purchased 15,000 shares of company stock at $9.41 per share on February 3 for a total transaction amount of $141,180.
|
AMC | Hot Stocks15:33 EST AMC Entertainment trading resumes
|
AMC | Hot Stocks15:28 EST AMC Entertainment trading halted, volatility trading pause
|
IBCP | Hot Stocks14:54 EST Independent Bank raises quarterly cash dividend 5% to 23c per share - Independent Bank Corporation, the holding company of Independent Bank, a Michigan-based community bank, announced that its board of directors declared a quarterly cash dividend on its common stock of 23c per share. This dividend is payable on February 24 to shareholders of record on February 16. The quarterly dividend represents a 5% increase over the quarterly dividend rate paid for each quarter in 2022.
|
CCAI | Hot Stocks14:23 EST RealWear to go public via business combination with Cascadia Acquisition - RealWear, an industrial wearable technology solution company, and Cascadia Acquisition Corp., a publicly-traded special purpose acquisition company, have entered into a definitive business combination agreement that is expected to result in RealWear becoming a publicly traded company. Upon closing of the proposed transaction, the combined company will be named RealWear, Inc. and is expected to trade on the Nasdaq. The boards of directors of RealWear and CCAI have both unanimously approved the transaction, which is expected to be completed in the second half of 2023. The transaction will require the approval of the shareholders of both RealWear and CCAI and is subject to other customary closing conditions identified in the business combination agreement. In connection with the execution of the business combination agreement, a sufficient number of RealWear shareholders have agreed to vote or consent to approve the proposed business combination prior to the closing. The combined company is expected to have a post-transaction enterprise value of $375.5M, assuming no redemptions of CCAI public shares by CCAI public stockholders through the closing of the business combination. CCAI currently has $150M of cash in trust. Cash proceeds to the combined company upon closing of the transaction are expected to consist of remaining cash in trust following any redemptions of CCAI public shares by CCAI public stockholders through the closing of the business combination and up to $35M of additional financing. The net proceeds raised from the proposed transaction will be used to support RealWear's strategic growth and corporate initiatives comprised of hiring additional team members for product development and cloud engineering, expanding contract manufacturing capabilities, accelerating sales channel penetration, and pursuing additional industry verticals. Current RealWear shareholders will roll 100% of their existing share holdings into equity of the combined company. Shares of CCAI Class A common stock and Class B common stock will automatically convert into common stock of the combined company on a one-for-one basis.
|
GOOG GOOGL | Hot Stocks14:04 EST Google releases conversational AI service Bard for testing - Google said in a blog post, "We've been working on an experimental conversational AI service, powered by LaMDA, that we're calling Bard. And today, we're taking another step forward by opening it up to trusted testers ahead of making it more widely available to the public in the coming weeks. Bard seeks to combine the breadth of the world's knowledge with the power, intelligence and creativity of our large language models. It draws on information from the web to provide fresh, high-quality responses. Bard can be an outlet for creativity, and a launchpad for curiosity, helping you to explain new discoveries from NASA's James Webb Space Telescope to a 9-year-old, or learn more about the best strikers in football right now, and then get drills to build your skills. We're releasing it initially with our lightweight model version of LaMDA. This much smaller model requires significantly less computing power, enabling us to scale to more users, allowing for more feedback. We'll combine external feedback with our own internal testing to make sure Bard's responses meet a high bar for quality, safety and groundedness in real-world information. We're excited for this phase of testing to help us continue to learn and improve Bard's quality and speed." Reference Link
|
FLO | Hot Stocks14:02 EST Flowers Foods names Cindy Cox as chief human resources officer - Flowers Foods announced Cindy Cox has been named chief human resources officer, or CHRO, effective Feb. 6. In this role, Cox will lead the company's human resources organization, reporting to president and CEO A. Ryals McMullian. Joining Flowers from Carrier Corporation, Cox most recently served as vice president of human resources for the Refrigeration segment of Carrier.
|
CALM | Hot Stocks13:42 EST Reed asked FTC to crack down on possible egg price gouging - Previously, in a letter dated January 24, Senator Jack Reed asked the Federal Trade Commission, or FTC, and Chair Lina Khan to look into the high prices of eggs and possible price gouging by big egg companies. In his announcement of the letter asking for the probe, Reed noted that "the largest U.S. egg producer," Cal-Maine Foods, which the Senator said "controls 20 percent of the retail egg market" reported "record profits of $323 million as of the most recent quarter, swinging from a loss of $16.8 million during the same period in the previous year." Reference Link
|
PNFP | Hot Stocks13:35 EST Director of Pinnacle Financial Burns sells $246K in company shares - Director of Pinnacle Financial Partners Gregory Burns disclosed in a regulatory filing that he had sold 3,000 shares of company stock at $82 per share on February 3, for a total transaction amount of $246,000.
|
VFS USB | Hot Stocks13:35 EST VinFast Auto says U.S. Bank chosen as preferred financing provider in U.S. - VinFast (VFS) announced U.S. Bank (USB) has been chosen as its preferred provider of retail financing and leasing of VinFast vehicles in the United States. Under the partnership, U.S. Bank will officially provide financing and leasing solutions for VinFast vehicles at VinFast showrooms and via the VinFast website. The announcement comes as VinFast is preparing to open more showrooms in California, with plans for more locations around the country soon, the company said. "With the goal to make electric vehicles accessible to everyone, VinFast is constantly looking for optimal solutions for customers. Thanks to this agreement, VinFast customers will have access to competitive finance and lease rates and world-class customer service from U.S. Bank," said Madam Le Thi Thu Thuy, Vingroup Vice Chair and CEO of VinFast Holdings. Previously, in December 2022, VinFast Auto announced it had filed for an initial public offering of it ordinary shares and intended to apply to list its ordinary shares on the Nasdaq Global Select Market under the symbol "VFS."
|
AMX | Hot Stocks13:11 EST America Movil extends Telekom Austria shareholders' pact, to support tower spin - America Movil, S.A.B. de C.V. announced that it has entered into a definitive agreement with Osterreichische Beteiligungs AG, or "OBAG," effective today with respect to their participations in Telekom Austria AG. "The shareholders agreement provides a new term of 10 years from this date and ensures AMX leadership and control over Telekom Austria Group. Also, it provides AMX the right to continue to nominate the majority of the Supervisory Board members and to nominate the Chairman and Chief Executive Officer of the Management Board of the company with decision making vote over all management decisions. As part of the renewal of the shareholders agreement, AMX and OBAG have agreed to firmly support the spin-off of the mobile towers in most of the countries in which Telekom Austria operates, including Austria. The tower spin-off from the telecom business will enable a more efficient capital allocation and greater capacity at Telekom Austria to expand its overall investment plans. Subject to the completion of the spin-off, both core shareholders have agreed on a connectivity investment program to expand high-speed connectivity infrastructure in Austria, including fibre and 5G infrastructure. The implementation of the tower spin-off will not result in changes in the core shareholder structure. Shareholders intend to list the shares of the tower company on the Vienna Stock Exchange. Implementation of the tower spin-off is subject to required corporate and regulatory approvals, including the approval by the Supervisory Board and by the shareholders of Telekom Austria," America Movil stated in a regulatory filing.
|
BMO | Hot Stocks13:00 EST BMO U.S. raises minimum hourly wage to $20 per hour - BMO announced it will raise its minimum hourly wage for all qualified U.S. employees to $20 per hour effective March 12, 2023, as part of the bank's ongoing commitment to the financial wellbeing and progress of its employees. The increase applies to new hires and current team members from BMO U.S. and the recently acquired Bank of the West who earn below the new minimum base pay. "BMO has one of the best teams in banking and we want to reward our team in a way that reinforces their value to our organization and is competitive with the market," said Larissa Chaikowsky, U.S. Chief Human Resources Officer and Head, Talent Reskilling & Acceleration, BMO. "Our colleagues are critical to BMO's success, and we continue to be committed to making investments in our people to ensure they can make real financial progress alongside our customers and our communities."
|
META... | Hot Stocks12:18 EST Texas Governor Abbott announces statewide plan banning use of TikTok - Texas Governor Greg Abbott announced a statewide model security plan for Texas state agencies to address vulnerabilities presented by the use of TikTok and other software on personal and state-issued devices. Following the Governor's directive, the Texas Department of Public Safety and the Texas Department of Information Resources developed this model plan to guide state agencies on managing personal and state-issued devices used to conduct state business. Each state agency will have until February 15, 2023 to implement its own policy to enforce this statewide plan. "The security risks associated with the use of TikTok on devices used to conduct the important business of our state must not be underestimated or ignored," said Governor Abbott. "Owned by a Chinese company that employs Chinese Communist Party members, TikTok harvests significant amounts of data from a user's device, including details about a user's internet activity. Other prohibited technologies listed in the statewide model plan also produce a similar threat to the security of Texans. It is critical that state agencies and employees are protected from the vulnerabilities presented by the use of this app and other prohibited technologies as they work on behalf of their fellow Texans. I thank the Texas Department of Public Safety and Texas Department of Information Resources for their hard work helping safeguard the state's sensitive information and critical infrastructure from potential threats posed by hostile foreign actors." Other publicly traded companies in the social space include Meta Platforms (META), Pinterest (PINS), Snap (SNAP) and Alphabet (GOOG, GOOGL). Reference Link
|
KR | Hot Stocks12:07 EST Kroger to expand Gotham Greens to over 1,000 stores - The Kroger Co. and Gotham Greens are bringing greenhouse-grown produce and fresh, plant-based foods to more customers across the country. Kroger customers can find Gotham Greens' produce in more than 300 stores today, with plans to expand to nearly 1,000 stores by the end of 2023, helping bring Kroger's commitment to fresh food for everyone to life. In addition to produce, the expansion of Gotham Greens' plant-based dips, cooking sauces and dressings will put the supplier in nearly 2,000 Kroger locations across the country.
|
UWMC | Hot Stocks12:04 EST United Wholesale Mortgage appoints Andrew Hubacker as CFO - United Wholesale Mortgage has named Andrew Hubacker its new Chief Financial Officer. Hubacker will assume the position immediately and will oversee all financial aspects of the company including accounting, internal and external reporting, financial compliance, tax, treasury and liquidity management, and budgeting and forecasting. Hubacker originally joined the company in October of 2020 as Chief Accounting Officer and took on the role of Interim Principal Financial Officer in July of 2022.
|
FSV | Hot Stocks12:03 EST FirstService increases quarterly cash dividend 11% to 22.5c per share - FirstService Corporation announced that its board of directors has approved an 11% increase in the quarterly cash dividend on the outstanding common shares of the company over the previous 20.25c per common share and declared a quarterly dividend of 22.5c per common share. The dividend is payable on April 11 to holders of common shares of record at the close of business on March 31. The company's dividend will be 90c on an annualized basis, up from 81c during the past year.
|
ENR | Hot Stocks12:00 EST Energizer falls -8.5% - Energizer is down -8.5%, or -$3.16 to $34.09.
|
GOTU | Hot Stocks12:00 EST Gaotu Techedu falls -10.5% - Gaotu Techedu is down -10.5%, or -39c to $3.31.
|
JWN | Hot Stocks12:00 EST Nordstrom falls -11.5% - Nordstrom is down -11.5%, or -$3.04 to $23.34.
|
BBAI | Hot Stocks12:00 EST BigBear.ai rises 10.6% - BigBear.ai is up 10.6%, or 55c to $5.74.
|
LSI | Hot Stocks12:00 EST Life Storage rises 12.7% - Life Storage is up 12.7%, or $14.08 to $124.66.
|
CTLT | Hot Stocks12:00 EST Catalent rises 20.2% - Catalent is up 20.2%, or $11.34 to $67.39.
|
ONFO | Hot Stocks11:17 EST Onfolio completes acquisition of Contentellect business - Onfolio Holdings announced the completion of the Company's previously announced asset purchase agreement with Contentellect to acquire substantially all its business assets for a purchase price of $850,000 of cash at closing, pursuant to an agreement entered into on January 13, 2023.
|
HII | Hot Stocks11:01 EST HII wins $25M DLA contract to streamline technologies for U.S. warfighters - HII announced that its Mission Technologies division has been awarded a $21M recompete contract by the Defense Logistics Agency to research and develop technical solutions that will streamline the delivery of products and materials to the warfighter and support DLA's global mission. The objective of the contract task order is to research, develop and recommend innovative solutions for defense system logistics services, supply chains, materials and products managed by the DLA in order to maximize operational efficiency and effectiveness. "We are pleased to expand our partnership with DLA to help address supply chain interruptions and manufacturing challenges that have become a national priority," said Grant Hagen, president of HII's Mission Technologies Cyber, Electronic Warfare & Space business group.
|
FFIE | Hot Stocks10:46 EST Faraday announces $135M in convertible secured notes financing commitments - Faraday Future Intelligent Electric announced a series of definitive agreements for financing, as well as an important modification to a major provision in the terms of the warrants in the original FF secured financing agreements. Once consummated on the contemplated timeline, the company is expected to have raised all the necessary funds for the start of production of the FF 91 Futurist. In parallel, the company has set the date for a special stockholders meeting which is scheduled to take place on February 28th, 2023. The Company announced the execution of definitive agreements for financing commitments of $135 million in convertible secured notes, of which $80 million will be funded within 10 business days subject to the satisfaction or waiver of certain conditions. The remaining amount will be funded within 5 business days after the satisfaction or waiver of certain conditions, including for a portion of such financing receipt of company stockholder approval and an effective registration statement for the shares underlying the applicable notes. Affiliates of ATW Partners and Acuitas Capital, among others, participated in the transaction. This round of financing, together with the $33.4 million that has been received by the company since the FF Global Investor Business Update on December 15th, 2022, means the company has received sufficient financing commitments for the funds required for SOP of the FF 91 Futurist assuming timely receipt of funds. As previously stated, the company expects to start production of a saleable FF 91 Futurist at the end of March 2023, coming off the assembly line in early April, with deliveries before the end of April assuming receipt of investor funds on the company's expected timeline.
|
NOW | Hot Stocks10:37 EST ServiceNow slips after CEO McDermott sells about $25M in shares - In a regulatory filing after the close on Friday, it was disclosed that ServiceNow Chairman and CEO Bill McDermott sold 53,933 shares of the company's common stock on Feb. 1 at prices ranging from $454.55-$461.07 per share in transactions with a total aggregate value of about $24.75M. In early Monday trading, shares of ServiceNow are down $13.19, or about 3%, to $459.03. Reference Link
|
MMM | Hot Stocks10:07 EST 3M launches medical adhesive offering with wear time up to 28 days - 3M unveils its new medical adhesive that can stick to the skin for up to 28 days and is intended for use with a wide array of health monitors, sensors, and long-term medical wearables. Prior to 2022, the standard wear time for extended medical adhesives was up to 14 days. The new adhesive, 3M Medical Tape 4578, also adds the feature of liner free stability, which can be stored for up to one year, giving device makers more flexibility in the design process.
|
ACI | Hot Stocks10:04 EST Albertsons launches Sincerely Health platform - Albertsons Companies announced the launch of Sincerely Health, a digital health and wellness platform that is now accessible on 16 of its banners' grocery app and websites including Albertsons, Safeway, Vons, Shaw's, Jewel-Osco, Acme, Tom Thumb and more. The company said, "Backed by science, Sincerely Health is designed to help improve lives by connecting, educating, encouraging and rewarding customers on their health and wellness journey so they can make informed choices regarding food, physical activity, sleep and mindfulness. Sincerely Health is a platform built in collaboration with healthcare providers, insurance companies and technology organizations who share a broader purpose to improve the health and well-being of every community they serve. The teams also gleaned valuable insights gathered from over 10,000 customers and associates. The platform will continually evolve based on customer feedback, which will also inform new features, collaborations and enhancements to position Sincerely Health as a trusted and reliable health resource."
|
AMC | Hot Stocks10:03 EST AMC Theatres announces Sightline at AMC ticket pricing initiative - AMC Theatres announced Sightline at AMC, a ticket pricing initiative based on seat location within each auditorium, which provides AMC moviegoers with multiple options to meet their viewing preferences. With Sightline at AMC, moviegoers now have the option to pay less, or more, for a movie ticket based on their seat selection. The initiative has already rolled out to select AMC locations and will be expanded to all domestic AMC and AMC DINE-IN locations by the end of the year. Sightline at AMC more closely aligns AMC's approach to seat pricing with the experience-based options offered by other entertainment and event venues, and offers three different seat-pricing options: Standard Sightline - these seats are the most common in auditoriums and are available for the traditional cost of a ticket; Value Sightline - these seats are in the front row of the auditorium, as well as select ADA seats in each auditorium, and are available at a lower price than Standard Sightline seats. Value Sightline pricing is only available to AMC Stubs members, including the free tier membership - AMC Insider.; Preferred Sightline - these seats are typically in the middle of the auditorium and are priced at a slight premium to Standard Sightline seats. As an added benefit to AMC's most loyal moviegoers, AMC Stubs A-List members may make reservations in the Preferred Sightline Section at no additional cost.
|
GOTU | Hot Stocks10:00 EST Gaotu Techedu falls -9.2% - Gaotu Techedu is down -9.2%, or -34c to $3.36.
|
XYF | Hot Stocks10:00 EST X Financial falls -9.9% - X Financial is down -9.9%, or -39c to $3.54.
|
BEDU | Hot Stocks10:00 EST Bright Scholar falls -10.6% - Bright Scholar is down -10.6%, or -36c to $3.04.
|
AI | Hot Stocks10:00 EST C3.ai rises 14.5% - C3.ai is up 14.5%, or $3.75 to $29.63.
|
BBAI | Hot Stocks10:00 EST BigBear.ai rises 15.0% - BigBear.ai is up 15.0%, or 78c to $5.97.
|
CTLT | Hot Stocks10:00 EST Catalent rises 23.0% - Catalent is up 23.0%, or $12.90 to $68.95.
|
AROW | Hot Stocks09:52 EST Arrow Financial names Penko Ivanov as CFO - Arrow Financial is pleased to announce the appointment of Penko Ivanov, CPA, MBA, as CFO, Executive Vice President, Treasurer and Chief Accounting Officer of Arrow and its two subsidiary banks, Glens Falls National Bank and Trust Company and Saratoga National Bank and Trust Company, as well as its insurance subsidiary, Upstate Agency, LLC., effective February 21. Ivanov most recently served as Executive Vice President and CFO of Bankwell Financial Group in New Canaan, Connecticut.
|
STG | Hot Stocks09:47 EST Sunlands Online falls -8.8% - Sunlands Online is down -8.8%, or -$1.20 to $12.49.
|
BEDU | Hot Stocks09:47 EST Bright Scholar falls -11.2% - Bright Scholar is down -11.2%, or -38c to $3.02.
|
XYF | Hot Stocks09:47 EST X Financial falls -13.5% - X Financial is down -13.5%, or -53c to $3.40.
|
GHM | Hot Stocks09:47 EST Graham rises 10.4% - Graham is up 10.4%, or $1.13 to $12.00.
|
LSI | Hot Stocks09:47 EST Life Storage rises 10.9% - Life Storage is up 10.9%, or $12.03 to $122.61.
|
CTLT | Hot Stocks09:47 EST Catalent rises 23.7% - Catalent is up 23.7%, or $13.29 to $69.34.
|
KAL | Hot Stocks09:45 EST Kalera PLC trading resumes
|
TSN | Hot Stocks09:37 EST Tyson Foods: Retail chicken softer than expected in November, December
|
TSN | Hot Stocks09:36 EST Tyson Foods CEO: 'First time I've seen all markets work against us at same time'
|
TSN | Hot Stocks09:35 EST Tyson Foods sees Q2 'seasonally softer' than Q1 - Comments taken from Q1 earnings conference call.
|
KAL | Hot Stocks09:35 EST Kalera PLC trading halted, volatility trading pause
|
OP | Hot Stocks09:30 EST OceanPal announces time charter contract for m/v Baltimore - OceanPal announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Koch Shipping Pte. Ltd., Singapore, for its Capesize dry bulk vessel, the m/v Baltimore. The gross charter rate is US$13,300 per day minus a 5% commission paid to third parties, for a period of minimum five months to about eight months. The charter is expected to commence on February 9, 2023. The m/v Baltimore is currently chartered to Enesel Bulk Logistics DMCC at a gross charter rate of US$12,900 per day, minus a 5% commission paid to third parties. The "Baltimore" is a 177,243 dwt Capesize dry bulk vessel built in 2005. The employment of "Baltimore" is anticipated to generate approximately US$2.0 million of gross revenue for the scheduled period of the time charter.
|
ACGN | Hot Stocks09:27 EST Aceragen says DMC recommends continuation of Terra study - Aceragen announced the recommendation of its independent Data Monitoring Committee in regard to the on-going TERRA Phase 2 study of ACG-701 in patients with melioidosis. The DMC is responsible for providing oversight of safety and efficacy for this study and has recommended the TERRA study continue without modification. The DMC review was a planned meeting held in order to monitor the safety of the seriously ill subjects participating in the TERRA study. "This safety review represents an important milestone for ACG-701, as it allows the TERRA study to continue to evaluate ACG-701 in these hospitalized melioidosis patients. We are very pleased that the DMC recommended that the trial continue. We look forward to delivering the data from the study later this year," stated Carl Kraus, M.D., Aceragen's Chief Medical Officer.
|
AEI | Hot Stocks09:18 EST Alset prices $3.8M underwritten public offering of common stock - Alset announced the pricing of an underwritten public offering with gross proceeds to the Company expected to be $3.8M, before deducting underwriting discounts and other estimated expenses payable by the Company. The offering consists of 1,727,273 shares of common stock at a price of $2.20 per share. In addition, the Company has granted Aegis Capital Corp., the underwriter in the offering, a 45-day option to purchase up to an additional 212,863 shares of common stock offered in the offering at the public offering price, less underwriting discounts and commissions. The Company intends to use the net proceeds from this offering for general working capital. The closing of the Offering is expected to occur on February 8, 2023, subject to customary closing conditions. Aegis Capital Corp. is acting as the sole book-running manager for the offering.
|
AEHA OCEA | Hot Stocks09:16 EST Ocean Biomedical, Aesther announce shareholder approval of combination - Aesther Healthcare Acquisition and Ocean Biomedical announced that its stockholders approved all proposals related to the previously announced proposed business combination between Aesther and Ocean at a special meeting of stockholders held on February 3, 2023. A Form 8-K disclosing the full voting results is expected to be filed with the Securities and Exchange Commission.
|
NRSN | Hot Stocks09:14 EST NeuroSense announces Canada approved patient enrollment for PARADIGM study - NeuroSense Therapeutics announced that Health Canada approved the commencement of patient enrollment in Canada for the Company's Phase 2b PARADIGM study of its combination therapy PrimeC for the treatment of amyotrophic lateral sclerosis, or ALS. Currently, over 50% of patients have been enrolled in PARADIGM with topline results expected in the second half of 2023. The FDA requested additional non-clinical data from NeuroSense to support the duration of the PARADIGM trial, as PrimeC is intended for long-term administration for the treatment of ALS. As a result, and following alignment with the agency on this subject, NeuroSense and the FDA have agreed that NeuroSense will withdraw its study protocol from the Investigational New Drug application, or IND. NeuroSense is planning a formal meeting with the FDA to align its clinical and regulatory strategy for a potential pivotal Phase 3 trial that is intended to support a New Drug Application (NDA) submission, pending the successful conclusion of the PARADIGM trial.
|
PULM | Hot Stocks09:11 EST Pulmatrix dosed first patient in Phase 2b trial of PUR1900 - Pulmatrix announced the first patient dosed in a Phase 2b trial evaluating safety and efficacy of PUR1900 in subjects with Allergic Bronchopulmonary Aspergillosis, or ABPA, and asthma. PUR1900 is the company's iSPERSE-enabled dry powder formulation of itraconazole, developed for inhaled pulmonary delivery. The Phase 2 trial is designed as a randomized, double-blind, multi-center, placebo-controlled study to evaluate the efficacy and duration of treatment with itraconazole, administered as a dry powder for inhalation. The multi-center study is expected to be conducted in the United States, United Kingdom, Australia and France. Endpoints include safety, tolerability, and potential efficacy outcomes in adult patients with asthma and ABPA. The study has dosed the first of 30 planned study subjects. Subjects will be administered study drug daily for 16-weeks, followed by an 8-week, post-dose observation period. Patients will be randomly assigned to placebo, 20 mg PUR1900 or 40 mg PUR1900 dose groups by oral inhalation.
|
GRIL | Hot Stocks09:07 EST Muscle Maker crosses $200M milestone in first 3 months with new subsidiary - Muscle Maker announced its new wholly owned subsidiary, Sadot, has crossed the $200M revenue milestone in its first 3 months of operation. Sadot generated $58,517,750 in revenue in January 2023. Sadot, in its first three months of operation, has now generated $209,103,394 in total revenue for Muscle Maker. With over $200M in revenue in only 90 days, the Sadot diversification strategy and its management and guidance by AGGIA is proving to have a positive impact on Muscle Maker overall. AGGIA has performed and earned the right to nominate two additional board members to Muscle Maker upon exceeding $3.3 million in net income as per the performance metrics posted in the November 18, 2022 8K filing of the AGGIA service and operating agreements. "Our first undertaking for Sadot is focused on agricultural commodity shipping and trading," said Mike Roper, CEO of Muscle Maker, Inc. "We hired AGGIA to run the day-to-day operations of Sadot. AGGIA's experience and relationships in the agricultural industry have proven critical in the performance of Sadot to date. As part of our agreement with AGGIA and its key performance metrics, AGGIA earned the right to nominate 2 additional members to the Muscle Maker board of directors. Just last week, the company announced the addition of Hannah Oh and Ray Shankar to the Muscle Maker board of directors effective March 1, 2023. We are very excited to bring on key members with knowledge and experience in international and agricultural businesses."
|
CPTN | Hot Stocks09:07 EST Cepton gets lidar contract from U.S. tolling system operator - Cepton announced that it has won a multi-million dollar sales contract from one of the largest highway tolling system operators in the U.S. Lidar can significantly increase the accuracy of gantry-based electronic tolling systems, which have been widely deployed in the U.S. to enable free-flow toll collection.Under the terms of the large-scale contract, Cepton's Sora series lidar sensors will be deployed in the U.S. by the Customer on several major tollways located in the Tri-State area and Northern California. This partnership is expected to be the largest commercial lidar deployment in the tolling sector to date, with potential to scale outside of the U.S. for future projects.
|
FAT | Hot Stocks09:06 EST Fat Brands accelerated organic growth in 2022 with 362 stores added to pipeline - FAT Brands announces it has experienced a historic year of growth, opening 142 new stores in 2022 and adding a total of 362 stores to its development pipeline which spans 29 states and 17 countries. Leading the way in new store development amongst FAT Brands' concepts was Fatburger and Buffalo's Express with 86 stores, Fazoli's with 61, Round Table Pizza with 56, and Twin Peaks with 50. Noteworthy franchise deals included a combined 80-store development agreement for 40 Fatburger and Buffalo's Express locations and 40 Round Table Pizza restaurants in the state of Texas, a 32-store agreement for Twin Peaks in Mexico, and a10-store agreement for Johnny Rockets in Israel. "We are extremely proud of our organic growth and the performance of our team in 2022," said Taylor Wiederhorn, Chief Development Officer of FAT Brands. "Franchisee interest was at an all-time high from both new and existing franchisees, which speaks volumes to our robust portfolio of brands that continue to deliver strong same-store sales and attract new fans around the globe. This year, we will remain focused on converting our over 1,000-unit pipeline into new stores, approximately 175 of which are set to open in 2023, along with continuing to fuel our long-term growth with additional development deals."
|
SNES | Hot Stocks09:06 EST SenesTech says ContraPest approved for general use in New York State - SenesTech announced that the New York State Department of Environmental Conservation has approved ContraPest for General Use, removing "Restricted Use Pesticide" from the label of ContraPest. This expands the market for ContraPest dramatically in New York, as it no longer requires application by specially licensed pest control companies and eliminates restrictive handling and paperwork.
|
HPCO | Hot Stocks09:05 EST Hempacco, New to The Street sign 12-month media contract - New to The Street and Hempacco Co. signed a 12-month media contract to produce and air an informational series on New to The Street's syndicated and sponsored television networks. The contract calls for the New to the Street's news host to interview key corporate representatives from Hempacco Co., Inc. Then each interview will be broadcast across New to The Street's syndicated televised platforms on Newsmax TV and the FOX Business Network, and as a sponsored program on Bloomberg TV.
|
BASE | Hot Stocks09:04 EST Couchbase names Fidelma Butler as Chief People Officer - Couchbase announced Fidelma Butler has joined the company as chief people officer. Butler will lead the people function, aligned with the company's values and operating objectives. Butler brings a wealth of experience and leadership to Couchbase, with a focus on scaling SaaS teams and building award-winning company culture. She comes to Couchbase from Zendesk and was most recently vice president of the talent and organizational development team.
|
BASE | Hot Stocks09:04 EST Couchbase names Fidelma Butler as Chief People Officer - Couchbase announced Fidelma Butler has joined the company as chief people officer. Butler will lead the people function, aligned with the company's values and operating objectives. Butler brings a wealth of experience and leadership to Couchbase, with a focus on scaling SaaS teams and building award-winning company culture. She comes to Couchbase from Zendesk and was most recently vice president of the talent and organizational development team.
|
RIOT | Hot Stocks09:04 EST Riot Blockchain produced 740 BTC in January, up 62% from last year - Riot Platforms announces unaudited production and operations updates for January 2023.Bitcoin Production and Operations Updates for January 2023: Riot produced 740 BTC, an increase of approximately 62% as compared to January 2022 production of 458 BTC. Riot held approximately 6,978 BTC as of January 31, 2023, all produced by the Company's self-mining operations. Riot sold 700 BTC, generating net proceeds of approximately $13.7 million. Riot had a deployed fleet of 82,656 miners, with a hash rate capacity of 9.3 exahash per second ("EH/s"), as of January 31, 2023. Riot's deployed fleet excludes 17,040 miners that are offline as a result of damage to Building G from the severe winter weather in late December in Texas. "I am proud to announce that Riot's track record with month-over-month increases in total Bitcoin production continued, with a new all-time high of 740 Bitcoin produced in January. Despite a reduction in our deployed fleet and hash rate capacity driven by recent damage to our Rockdale Facility, Riot has continued to deliver new record highs, mining more Bitcoin in January than in any month prior," said Jason Les, CEO of Riot. "As previously disclosed, some sections of piping in Buildings F and G were damaged during the severe winter storms in Texas in late December, impacting approximately 2.5 EH/s of our hash rate capacity. Repairs have been ongoing in both buildings, and we have successfully brought Building F back online, representing 0.6 EH/s of impacted hash rate capacity. We are thankful for our team's progress, despite difficult weather conditions, and are evaluating several options to bring online the approximately 1.9 EH/s of hash rate capacity still affected in Building G."
|
STSS | Hot Stocks09:04 EST Sharps Technology announces closing of $3.8M private placement - Sharps Technology closed its previously announced private placement pursuant to a securities purchase agreement with institutional investors on February 3, 2023. The aggregate gross proceeds of the private placement were approximately $3.8 million priced at the market under Nasdaq rules. Proceeds will help support the manufacturing of pre-filled specialty syringe systems through its partnership with Nephron Pharmaceuticals. In connection with the offering, the Company issued 2,248,521 units at a purchase price of $1.69 per unit priced at-the-market under Nasdaq rules. Each unit consists of one share of common stock and one non-tradable warrant exercisable for one share of common stock at a price of $1.56. The warrants have a term of five years from the issuance date. Gross proceeds were $3.8 million before deducting fees to the placement agent and other offering expenses payable by the Company. Aegis Capital Corp. acted as the Exclusive Placement Agent in connection with the offering.
|
MCHX | Hot Stocks09:04 EST Marchex announces Edwin Miller as CEO - Marchex announced that Edwin Miller has joined the company as its CEO. Russell Horowitz, Marchex's chairman of the board, will continue in this role and Michael Arends will serve as the company's vice chairman. Miller most recently was an operating executive with Gemspring Capital, a private equity firm with $3.4B of capital under management.
|
GVP | Hot Stocks09:03 EST GSE Systems awarded $800K contract - GSE Solutions announced it was awarded a new contract in partnership with a nuclear fuels, technology and services supplier to support a large US-based utility with new engineering program services supporting a 24-month fuel cycle operation project. The shift to 18- to 24-month fuel cycles results in fewer plant outages and provides utilities with improved fuel reliability and operating margin without adopting additional initiatives, such as higher burnup and enrichment levels. The project involves a tailored approach to achieving 24-month fuel cycles for a prominent nuclear generating station, where refueling is a critical step in maintaining operational efficiencies and major cost savings. This award is through a longtime, broad GSE partnership with the provider, valued at approximately $800K. The contract agreement includes GSE management of several complex engineering programs delivered directly to the nuclear power plant.
|
BELFA | Hot Stocks09:03 EST Bel Fuse acquires stake in innolectric, terms not disclosed - Bel Fuse announced that the Company has entered into an agreement and closed on a minority stake investment with Germany-based innolectric AG. This passive investment will create a strategic alliance that is focused on Electric Vehicles on-board power electronics broadly, but specifically on next generation fast charging technology. innolectric was founded in 2016 through a closely held ownership group to be a platform-based business in the field of power electronics for eMobility and in particular the on-board fast-charging for commercial vehicles. With its talented engineering team, innolectric focuses its efforts on development and launching its products. As part of the investment, Bel will have usual minority protection rights and the option to further expand its 1/3 ownership stake upon the achievement of key milestones.
|
GAU GFI | Hot Stocks09:02 EST Galiano Gold reports double fatality at Asanko Gold Mine - Galiano Gold (GAU) deeply regrets to report that two contractors have been fatally injured yesterday following an incident at the Asanko Gold Mine located in Ghana, West Africa. The AGM is a 50:50 joint venture with Gold Fields (GFI), which is managed and operated by Galiano. AGM Emergency Services responded to the incident near the tailings storage facility where two contractors were pronounced deceased at the scene. The company is working alongside its contractor to ensure everyone impacted by the incident is provided the required support and counseling needed during this challenging and difficult time. "On behalf of Galiano Gold, we offer our sincerest condolences to the family, friends, and co-workers of our two colleagues," said Matt Badylak, President and CEO. The appropriate authorities have been notified and an investigation is underway. Efforts are immediately underway to further reinforce the sustained company commitment to Zero Harm and industry best practices in safety culture.
|
BAFN | Hot Stocks09:02 EST BayFirst Financial announces CEO Leo to retire, Zernick to succeed - BayFirst Financial announced that Anthony Leo will retire as Chief Executive Officer at the end of 2023. Leo will remain a Director of the Company and will also serve as Special Counsel for strategic matters. The Board of Directors has appointed Thomas Zernick to succeed Leo as Chief Executive Officer on January 1, 2024. He was also appointed to serve as a Director of the Company, and is joining the Company's Board effective immediately. Zernick has served as President of the Company since February 2022, and previously served as President of its CreditBench Division, which provides government guaranteed lending to businesses throughout the nation. He joined the Company in 2016. Zernick's selection is the product of a succession planning process led by the Board with the assistance of an independent management consultant.
|
FTNT | Hot Stocks09:02 EST Fortinet announces FortiSP5 ASIC technology - Fortinet announced FortiSP5, the latest breakthrough in ASIC technology from Fortinet, propelling major leaps forward in securing distributed network edges. Building on over 20 years of ASIC investment and innovation from Fortinet, FortiSP5 delivers significant secure computing power advantages over traditional CPU and network ASICs, lower cost and power consumption, the ability to enable new secure infrastructure across branch, campus, 5G, edge compute, operational technologies, and more.
|
OMER | Hot Stocks08:56 EST Omeros receives $200M milestone payment from Rayner Surgical - Omeros announced that Rayner Surgical has paid the $200M milestone payment due to Omeros under the asset purchase agreement, dated December 1, 2021, pursuant to which Omeros sold its ophthalmology product Omidria to Rayner in December of 2021. The milestone event, as defined in the agreement, occurred in late December 2022, entitling Omeros to receive the milestone payment of $200M within 30 days thereafter. Full payment owed by Rayner - the milestone payment and accrued interest - was received on February 3. Rayner will continue to pay Omeros royalties on both U.S. and ex-U.S. net sales of Omidria. Per the terms of the agreement, the royalty rate applicable to U.S. net sales of Omidria decreased from 50% to 30% of U.S. net sales following achievement of the milestone event. Rayner is also obligated to pay a royalty of 15% on ex-U.S. sales of Omidria on a country-by-country basis. U.S. net sales of Omidria in 2022 totaled $131M. Omidria sales are forecast to continue growing, in part as a result of the Consolidated Appropriations Act, or CAA, of 2023, which expressly provides for separate payment of non-opioid pain management drugs, like Omidria, in the outpatient surgery setting until January 1, 2028.
|
MSM | Hot Stocks08:47 EST MSC Industrial receives proposal to exchange Class B shares for Class A shares - MSC Industrial Supply confirmed it has received a proposal from its controlling shareholders, the Jacobson/Gershwind family, to exchange its high-voting Class B shares, 10 votes per share, for Class A shares, 1 vote per share, and eliminate the current dual-class share structure. The Proposal is that each Class B share be exchanged for 1.35 Class A shares. The Proposal states that the family expects to remain MSC's largest shareholder, whether or not the proposed transaction occurs. The MSC Board of Directors has formed a Special Committee composed entirely of independent directors to evaluate the Proposal which will be advised by independent financial and legal advisors. Kirkland & Ellis has been retained as the legal advisor to the Special Committee. Under the terms of the Proposal, any definitive agreement would first require approval by the Special Committee and the MSC Board of Directors, as well as the holders of a majority of the Class A shares that do not also hold Class B shares.
|
ENG | Hot Stocks08:41 EST ENG, RETI developing FEED for SAF, RD project in Calgary - ENG announced that ENG and RETI are working diligently on developing the FEED for the Sustainable Aviation Fuel and Renewable Diesel project in Calgary. Some details in our Press Release from February 1, 2023 were released pre-maturely and will be corrected in a future Press Release when more details are available.
|
AREC | Hot Stocks08:40 EST American Resources reduces debt by over $9M - American Resources announces that its final convertible debt holder, Golden Properties Ltd. has elected to convert all of their Senior Convertible Debentures due March 31, 2023 to shares of class A common stock of the Company in a move that reduces the debt of the Company by over $9 million and eliminate the last of the Company's convertible debt. Golden Properties Ltd., an early shareholder and consistent supporter of the Company, will increase its long-term equity position in the Company's common stock through the conversion of the balance of its convertible debt, amounting to approximately $9.9 million, and resulting in approximately 9.4 million shares issued to the shareholder. Golden Properties was an original investor in American Resources Corporation and has increased its ownership steadily over time through additional investment.
|
BTCS | Hot Stocks08:38 EST BTCS calls on shareholders to protect investment by not lending shares - BTCS is calling on its shareholders to take action to protect their investment. The Company's public float is comprised of over 35,000 shareholders holding approximately 8.7M shares, of which it estimates over 80% are held at 4 brokerage firms. In addition to this concentration of shares, the Company believes many of these shares may be held in margin accounts, potentially making it very easy for short sellers to borrow those shares. "I want to alert our shareholders that they can take simple actions to protect their investment," said Charles Allen, CEO of BTCS. "Over the past few decades, the financial industry has undergone a profound transformation with the shift towards zero-commission trading. This evolution has led to an increased reliance on alternative sources of revenue for brokerage firms, such as paying for order flow and lending out shares to facilitate short selling. This dynamic is both veiled and detrimental to Main Street, creating an unfair playing field for retail investors who make up the majority of BTCS's shareholders. At BTCS, we believe in fair and transparent markets and the innovative technology behind blockchains which can help restore fairness and transparency to our financial systems."
|
RSLS | Hot Stocks08:36 EST ReShape Lifesciences announces pricing of upsized $10.2M public offering - ReShape Lifesciences announced the pricing of its upsized underwritten public offering of 1,275,000 units, with each unit consisting of one share of its common stock, or one pre-funded warrant to purchase one share of its common stock, and one warrant to purchase one and one-half shares of its common stock. Each unit is being sold at a public offering price of $8.00. The warrants in the units will be immediately exercisable at a price of $8.00 per share and will expire five years from the date of issuance. Alternatively, each warrant will become exercisable for 0.75 shares of common stock under the cashless exercise provision included in the common warrants rather than the 1.5 shares of common stock under the cash exercise provision. The shares of common stock and accompanying warrants can only be purchased together in this offering, but will be issued separately and will be immediately separable upon issuance. Gross proceeds, before deducting underwriting discounts and commissions and estimated offering expenses, are expected to be approximately $10.2 million. The company intends to use the net proceeds of this offering to continue implementation of its growth strategies, for working capital and general corporate purposes. The offering is expected to close on February 8, 2023, subject to customary closing conditions. ReShape has also granted the underwriters an option to purchase an additional 191,250 shares of common stock and/or additional warrants to purchase up to 286,875 shares of common stock, to cover over-allotments, if any. Maxim Group LLC is acting as sole book-running manager in connection with this offering.
|
AMPS | Hot Stocks08:36 EST Altus Power appoints Sophia Lee as Chief Sustainability Officer - Altus Powe announced the appointment of Sophia Lee as its Chief Sustainability Officer, in addition to her current role as the Company's Chief Legal Officer.
|
VSAC | Hot Stocks08:35 EST Vision Sensing pays fee to extend period to consummate business combination - Vision Sensing Acquisition announced that on February 2, 2023, its sponsor, Vision Sensing, paid, and Continental Stock Transfer & Trust Company received a deposit in the Company's trust account in an aggregate of $1,012,000, representing the sum needing to be paid by Company to extend the date on which Company must consummate its initial business combination from February 3, 2023 to May 3, 2023. The Company has issued to its sponsor a non-interest bearing, unsecured promissory note in the principal amount of $1,012,000 as consideration for the funding.
|
IPX | Hot Stocks08:35 EST IperionX partners with Carver Pump for titanium technologies - IperionX announced that it has partnered with Carver Pump to use IperionX's patented and titanium technologies to additively manufacture titanium pump components for the U.S. Navy. Carver will design the titanium pump components, guide IperionX on prototyping, and lead the qualification of these titanium pump components for the U.S. Navy.
|
DBD | Hot Stocks08:35 EST Diebold announces Octavio Marquez was elected Chairman - Diebold Nixdorf announced that Octavio Marquez, president and CEO, was elected chair of the company's Board of Directors, effective February 2. Marquez was appointed as Diebold Nixdorf president and CEO on March 11, 2022. The Board determined that combining the roles of CEO, president and chairman under one leader enhances the alignment between ongoing strategic and operational matters, including focus on deleveraging and evaluating strategic opportunities to deliver value to shareholders. Independent director Arthur Anton, previously chair of the company's Finance Committee and former CEO of Swagelok, a global manufacturing company, was appointed as lead independent director of the Board. Gary Greenfield, who joined the Board in 2014 and has served as non-executive chairman since 2018, led the Diebold Nixdorf Board of Directors during a number of transformational developments, including the delivery of essential services and solutions to global financial institutions and retailers during the COVID-19 pandemic. He will not stand for re-election as a director at the company's annual shareholder meeting in 2023. The Board also appointed Marjorie L. Bowen and Emanuel "Manny" Pearlman as directors of the company effective immediately. The Board also anticipates reducing the overall size of the Board at the upcoming annual shareholders' meeting.
|
NGMS | Hot Stocks08:35 EST Neogames announces launch of The Lamp with Virginia Lottery - NeoGames announces the launch of NeoGames Studio's eInstant game, The Lamp, with the Virginia Lottery. Thirty days post-launch, The Lamp holds the record for the most profitable game ever in Virginia Lottery, with total purchases to date exceeding $40 million, outperforming the game that holds second place by more than 200%. With The Lamp, NeoGames created a favorite game theme in an eInstant format, appealing to new players and fans of the Match 3 games genre with a genie theme; amplifying our players' interest and engagement using three progressive jackpots. The game's innovative progressive jackpot feature paid out approximately half a million dollars during the initial launch period. The Lamp, a creation of NeoGames Studio, has also been launched successfully with two other customers in North America under the name of Desert Fantasy and Magic Money Ride, and with its global appeal NeoGames expects to explore further launches in other countries.
|
CENN | Hot Stocks08:34 EST Cenntro Electric begins production of battery packs in United States and Germany - Cenntro Electric Group announced that it has begun to assemble and produce battery packs using lithium iron phosphate battery cells and Cenntro's proprietary battery management technologies. The battery packs are being assembled at Cenntro's Freehold, NJ facility and the Herne Plant in Germany. The resulting battery packs will offer longer cycle life and faster rates of charge, along with safer operations. The battery packs will initially be installed in Cenntro's Metro Series commercial vehicles. "By manufacturing our own battery packs, we hope to enhance supply chain efficiency, improve battery resilience, and ultimately have better control over one of the most strategic elements in our supply chain," said Peter Wang, Chairman, and CEO. "Our ability to support multiple battery assembly operations demonstrates our effort and commitment to promoting local sourcing and local production." The in-house assembly of the battery packs will initially utilize externally sourced battery cells. Cenntro will continue developing additional battery packs for its product line and, in the future, incorporate battery cells produced by its subsidiary Cennatic Power, Inc.
|
PESI | Hot Stocks08:34 EST Perma-fix Environmental comments on recently published DOE notice - Perma-Fix Environmental Services announced that the U.S. Department of Energy, DOE, has recently published an amendment to the 2013 Record of Decision, ROD, for the Final Tank Closure and Waste Management Environmental Impact Statement for the Hanford Site, Richland, Washington. In accordance with DOE implementing procedures for the National Environmental Policy Act, NEPA, DOE prepared a supplement analysis, which evaluated DOE's proposal to transport and treat certain solid and liquid secondary wastes at licensed and permitted commercial treatment facilities off the Hanford Site. DOE also proposes to potentially dispose of some of these secondary wastes offsite at a licensed and permitted commercial disposal facility. This action would be implemented on an interim basis until such time as an enhanced onsite treatment capability is available for Direct-Feed Low-Activity Waste operations. Mark Duff, President and CEO of the Company, commented, "This announcement regarding the ROD amendment recognizes the unique value that Perma-Fix can provide the Department at our Perma-Fix Northwest facility in Richland, WA, and our Diversified Scientific Services facility in Kingston, TN, to deploy leading-edge treatment capabilities for some of the more complicated waste streams to be generated at Hanford during a 10-year period. The volumes and waste types defined in this amendment reflect our core offering and represents a significant opportunity for growth in our backlog. We remain committed to exceeding expectations by providing safe, commercial, waste processing to support the Hanford closure mission."
|
ALGN | Hot Stocks08:33 EST Align Technology announces $250M ASR, share purchase from executives - Align Technology announced that it has entered into a new accelerated stock repurchase agreement, or ASR, with Citibank, to repurchase $250M of Align's common stock under Align's $1B stock repurchase program announced on May 13, 2021. In addition to the ASR, Align announced that Joe Hogan, president and CEO, and John Morici, CFO and executive vice president, global finance intend to personally purchase $1M and $0.2M, respectively, of Align's common stock.
|
DCT | Hot Stocks08:33 EST Duck Creek Technologies announces sponsorship of Verisk ELEVATE 2023 - Duck Creek Technologies announced its platinum sponsorship of the Verisk ELEVATE 2023 conference for insurance claims professionals. The insurtech will be highlighting its modern and multi-tenant claims solutions along with its many integrations to Verisk solutions, including those with Verisk's Property Estimating Solutions, at the event's Solutions Gallery from February 7-8, 2023, in Salt Lake City, Utah.
|
VERB | Hot Stocks08:32 EST Verb begins implementation of plan to combat illegal short selling of shares - Verb Technology Company announces that it has recently engaged ShareIntel - Shareholder Intelligence Services, among other forensic professionals, and an investigation into potential illicit trading activity in its shares, and those responsible, is underway. ShareIntel's experienced team of professionals, leveraging their proprietary "Data Repository Information Link" technology, combine and analyze data from clearing firms, broker-dealers, reporting entities, and other sources to provide actionable intelligence. This analysis will help serve to direct the course of actions VERB's board may implement to protect the Company's shareholders. "While we intend to move swiftly, we will move thoughtfully, guided and driven by the data," states Rory Cutaia, VERB CEO. "In addition to possible enforcement actions, our board is currently considering shareholder focused initiatives, including the issuance of a special dividend. We are also paying close attention to the work other companies are doing to combat illicit trading activity, as we consider adopting those strategies and initiatives that appear to produce the most promising results. Among those strategies are Genius Group's issuance of an NFT to shareholders for Genius Group's services, an innovative initiative we applaud, and a version of which may be particularly interesting for our shareholders, for products available on our MARKET.live livestream social shopping platform."
|
TATT HON | Hot Stocks08:29 EST TAT Technologies extends contract with global air carrier - TAT Technologies (TATT) announces a significant contract expansion with a global air carrier. This contract extension is a result of a very successful partnership between the companies over the last 5 years. As part of this contract, TAT will provide MRO services to the airline's GTCP331 model APUs. TAT estimates revenues from this contract to be $50M, or $10M per year. In 2020 and 2021, TAT, through its fully owned subsidiary Piedmont Aviation components from Greensboro North Carolina, signed several strategic contracts with the aviation giant Honeywell (HON). Under these contracts, TAT was awarded a 10-year license for repair and overhaul of APUs for Boeing and Airbus's key platforms, including B737, B777, B767/757 and A320 aircrafts and the C17 which is used for military purposes.
|
GLNG NFE | Hot Stocks08:27 EST Golar LNG to acquire New Fortress Energy's stake in FLNG Hilli - Golar LNG Limited (GLNG) has agreed to acquire the New Fortress Energy (NFE) ownership stake in FLNG Hilli in exchange for Golar's remaining 4.1M shares in NFE and $100M in cash. Golar will also take over approximately $323M in debt obligations linked to Hilli. Pursuant to the transaction, Golar will acquire the 50% interest in Trains 1 and 2 of FLNG Hilli, currently owned by a subsidiary of NFE. Following closing of the transaction, Golar's effective interest in currently contracted FLNG Hilli earnings will be as follows: 94.55% of Common Units that receive tolling related fees relating to trains 1 and 2, and 5% of Dutch Title Transfer Facility related fees, 89.1% of Series A units that receive Brent oil related fees, 89.1% of Series B units that receive 95% of TTF related fees. Following the transaction Golar will have no remaining shareholding in NFE. Subject to customary conditions, the transaction is expected to close in Q1 2023.
|
CYT | Hot Stocks08:26 EST Cyteir Therapeutics promotes David Gaiero to CFO - Cyteir Therapeutics announced the promotion of David Gaiero to Chief Financial Officer CFO, David was previously Vice President of Finance at Cyteir. As CFO, David will continue to manage the finance department, to oversee the company's overall financial operations, and to help drive the long-term business and financial strategy of Cyteir, reporting directly to the President & CEO.
|
FWRD | Hot Stocks08:25 EST Forward Air to expand expedited LTL service offering in Chicagoland area - Forward Air s executing a growth strategy that involves organic infrastructure investments, including its ongoing less-than-truckload network expansion, as well as inorganic investments, such as the recently-signed acquisition of Land Air Express. Forward announced that it will expand its expedited LTL service offering in the Chicagoland area with a new terminal in Bolingbrook, IL, near Midway International Airport...Tom Schmitt, Chairman, President, and Chief Executive Officer said, "We continue to make investments that help our customers win more business. Our Bolingbrook facility is another example of how we do it. The combination of speed and the lowest damage rates in the industry is a differentiator for companies looking to grow."
|
PTLO | Hot Stocks08:25 EST Portillo's completes successful debt refinancing transaction - Portillo's announced that it has successfully refinanced its existing credit facility with a new 5-year $300M Term A Loan, resulting in a significant reduction in interest expense. At prevailing rates, the all-in interest rate on the term debt has been reduced by approximately 270 basis points. The refinancing provides Portillo's with greater financial flexibility in support of the Company's ongoing expansion. The new Term A Loan has an interest rate based on the Secured Overnight Financing Rate, SOFR, plus a credit spread adjustment of 10 to 15 basis points depending on the commitment term, plus a margin of 275 basis points. The new rate compares favorably to the existing credit facility's margin, which was based on the London Interbank Offered Rate, LIBOR, plus 550 basis points. The Company also entered into a new 5-year Revolving Credit Facility, increasing its short-term borrowing capacity from $50 million to $100 million. At closing, the Company borrowed $15 million under the Revolving Credit Facility and has over $80 million of remaining borrowing capacity, net of letters of credit of approximately $4.4 million. "Since our IPO in 2021, we've prudently managed our capital structure by reducing leverage and securing more favorable terms on our debt obligations," said Michelle Hook, Portillo's Chief Financial Officer. "Completing a successful refinancing in the current environment reflects well on the strength of our brand and the stability of our business and provides us with additional financial flexibility to execute our growth strategy and operational enhancement initiatives."
|
AGFMF | Hot Stocks08:24 EST AGF Management announces normal course issuer bid - AGF Management announced that the Toronto Stock Exchange has approved AGF's notice of intention to renew its normal course issuer bid in respect of its Class B Non-Voting Shares. As at January 26, 2023, there were 65,644,7721 Class B Non-Voting Shares issued and outstanding and the public float consisted of 43,979,233 Class B Non-Voting Shares. Under the announced normal course issuer bid, AGF is permitted to purchase up to 4,397,923 Class B Non-Voting Shares, representing approximately 10% of the public float for such shares as of January 26, 2023. Purchases under the normal course issuer bid may commence on February 8, 2023 and continue until February 7, 2024, when the bid expires. Pursuant to the Articles of AGF, the Class B Non-Voting Shares may not be purchased by AGF at a price which exceeds more than 15% of the weighted average price at which the Class B Shares traded on the TSX during the ten trading days immediately preceding the date of any such purchase. AGF announced that it will be entering into an automatic purchase plan with a broker during the normal course issuer bid. The Plan is effective as of February 8, 2023 and should terminate together with the normal course issuer bid. The Plan allows for purchases by AGF of its Class B Non-Voting Shares, subject to certain parameters. Under the announced normal course issuer bid, purchases may be made through the facilities of TSX, alternative Canadian trading systems /other published markets, or as otherwise permitted by the Canadian Securities Administrators or Ontario Securities Commission. The average daily trading volume of the Class B Non-Voting Shares on the TSX was 127,221. Under the rules of the TSX, AGF is entitled to repurchase during the same trading day on the TSX up to 25% of the ADTV of its Class B Non-Voting Shares, being 31,805 except where reliance is placed on the TSX's block purchase exemption. Class B Non-Voting Shares purchased under the NCIB will be canceled or purchased and held by the AGF Employee Benefit Trust for the settlement of equity settled incentive plans by AGF. The directors believe that the purchase for cancellation of Class B Non-Voting Shares represents a desirable use of capital when, if in the opinion of management, the value of the Class B Non-Voting shares is attractive relative to the trading price of said shares. Purchase for cancellation by AGF of outstanding Class B Non-Voting Shares may also be used to offset the dilutive effect of treasury stock released for the employee benefit trust and of shares issued through AGF's stock option plans and dividend reinvestment plan. Under its existing normal course issuer bid, which expires on February 7, 2023, AGF sought and received approval from the TSX to purchase 4,889,630 Class B Non-Voting Shares. During the period from February 8, 2022 to February 2, 2023, AGF acquired 2,460,123 Class B Non-Voting Shares at a weighted average price of $6.87.
|
LEE | Hot Stocks08:24 EST Lee Enterprises' TownNews launches new name, brand identity BLOX Digital - TownNews, the Software as a Service division of Lee Enterprises, launched its new name and brand identity, BLOX Digital. Additionally, BLOX Digital unveiled a refreshed and expanded mission to empower content producers across industries to connect with their worldwide audiences at scale, and continually transform to achieve their business goals. The new brand identity is part of a broader investment by BLOX Digital to further improve the customer experience and enhance long-term growth. Leveraging the breadth and depth of its technology, BLOX Digital will expand into new business-to-business verticals and international markets to support a broader universe of content producers and drive the future of the media industry. "BLOX Digital's rapid growth and innovation has been and will continue to be a key pillar of Lee's digital growth strategy," said Kevin Mowbray, President and Chief Executive Officer of Lee Enterprises. "Supporting the expansion and modernization of BLOX Digital is a priority for Lee as we execute our enterprise-wide digital transformation and enhance value for customers, subscribers, and Lee shareholders."
|
GENE | Hot Stocks08:22 EST Genetic Technologies to launch risk test for Breast & Ovarian cancer - Genetic Technologies provides further updates. The innovation and development of its Risk Test for Breast & Ovarian Cancer is inspired by direct response and feedback from the payer conversations such as insurance providers, employers, and healthcare providers. There is an unmet need to develop a unique single saliva risk assessment test that combines gene mutation for breast and ovarian cancers, hereditary and sporadic indicators and other relevant clinical risk factors. There is no other single test on the market that provides this array of information from a single test. The company has multiple patents granted1 and pending that support the combination of genetic and clinical risk factors. GTG is in discussions with a range of US payers regarding the adoption of the geneType breast cancer risk assessment test. While no commercial agreements are in place at this time, there are commercial pilot protocols in place with a few U.S. based payer groups. The Company's progress regarding the Company's endeavours in this regard have been previously referred to in the Company's ASX submitted quarterly updates and recent investor presentations. GTG have also engaged Alva10 to assist the Company with its U.S. payer engagement strategy.
|
RVVTF | Hot Stocks08:22 EST PharmAla named exclusive MDMA supplier to Revive Therapeutics - PharmAla Biotech announced that it has signed on to act as exclusive supplier of both GMP LaNeo MDMA and Engineering MDMA to Revive Therapeutics. On Friday, February 3, Revive Therapeutics announced a licensing agreement with Pharmather Holdings to license their microneedle patch technology with MDMA.
|
ESLT | Hot Stocks08:21 EST Elbit Systems, ScoutCam complete development stage in RTVM program - ScoutCam and Elbit Systems completed a major development stage in the use of ScoutCam's real time video monitoring system. During the development stage, the RTVM system used on Elbit Systems' UAS platform acted as a replacement of manual pre and post flight visualization inspections of the aerial platform and provided clear visibility of areas that had previously been inaccessible to maintenance and operations teams. In addition, ScoutCam's RTVM provided visibility even when the operating ambience was not suitable for continuous real-time monitoring.
|
OPNT INVVY | Hot Stocks08:20 EST Opiant announces expiration of HSR waiting period for acquisition by Indivior - Opiant Pharmaceuticals (OPNT) announced the expiration of the waiting period under the United States Hart-Scott-Rodino Act of 1976, as amended, with respect to the previously announced agreement for Opiant to be acquired by Indivior PLC (INVVY). The waiting period expired on February 2, 2023, without any action taken by the Federal Trade Commission. The HSR Act is a key U.S. antitrust statute that enables the FTC and Department of Justice to review proposed merger transactions by requiring the parties to observe a waiting period before closing their transaction. Completion of the transaction is subject to the satisfaction of the remaining customary closing conditions, including approval by Opiant stockholders and the receipt of remaining applicable regulatory approvals. Indivior and Opiant continue to anticipate completing the merger agreement in the first quarter of 2023. Stockholders are reminded: Opiant has filed a definitive proxy statement with the Securities and Exchange Commission and established January 4, 2023, as the record date for voting in connection with the merger agreement. Under the terms of the Agreement, Indivior will acquire all the outstanding shares of Opiant for upfront consideration of $20.00 per share in cash at closing, plus contingent value rights representing potential additional payments of up to $8.00 per share. A special meeting of Opiant's stockholders to approve the acquisition will be held on March 1, 2023, at 9:00 AM, Pacific Time.The Opiant Board of Directors unanimously recommends that stockholders vote "FOR" the approval and adoption of the Agreement and the approval of the acquisition.
|
MOB | Hot Stocks08:20 EST Mobilicom joins Association for Uncrewed Vehicle Systems International - Mobilicom announced it has become a member of the Association for Uncrewed Vehicle Systems International and the Fortress Information Security Trusted Cyber Program Cybersecurity Working Group which is developing enterprise cybersecurity standards to address cyber risks specific to uncrewed systems and robotics. Mobilicom joins as a contributing member of the group comprised of leading defense, drone, and cybersecurity companies including Boeing, Boston Dynamics, Northrup Grumman, and Raytheon.
|
SRRK | Hot Stocks08:19 EST Scholar Rock appoints Tracey Sacco as chief commercial officer - Scholar Rock announced the appointment of Tracey Sacco as chief commercial officer. Sacco brings extensive biopharmaceutical industry experience, including product launch and global commercial strategy. At Scholar Rock, she will build and lead all commercial functions, including sales, marketing, market access, and commercial operations. Her first priority will be preparing the company for the potential commercial launch of apitegromab, the company's Phase 3 investigational candidate for spinal muscular atrophy, or SMA. Most recently, Sacco worked at The Nemetz Group, where she served as a strategic partner to biopharmaceutical companies on commercialization and corporate strategy.
|
LMDX | Hot Stocks08:18 EST LumiraDx receives FDA EUA, U.K. CTDA approval for LumiraDx SARS-CoV-2 assay - LumiraDx announced that it has received an Emergency Use Authorization, EUA, from the U.S. Food and Drug Administration and validation for use by the UKHSA under the CTDA process for the LumiraDx SARS-CoV-2 & Flu A/B STAR Complete assay that will allow high complexity laboratories to quickly identify and differentiate individuals suspected by a healthcare provider of respiratory viral infection consistent with COVID. Clinical signs and symptoms of respiratory viral infection due to SARS-CoV-2 and influenza can be similar. This makes it essential to correctly identify them in order to treat and manage patients accordingly. The LumiraDx SARS-CoV-2 & Flu A/B RNA STAR Complete multiplex test allows for the simultaneous detection and differentiation of influenza A, influenza B, and SARS-CoV-2 infections within 20 minutes or less. "With the limited number of direct amplification multi-analyte tests available, we believe that this test will become a fundamental tool for the detection and differentiation of SARS-CoV-2 from influenza," explains Sanjay Malkani, President of the LumiraDx Molecular Diagnostics Business. "As the burden of respiratory illness continues, we look forward to providing our clinical diagnostic lab and reference lab customers with a high-throughput, highly sensitive multiplex test with results available in 20 minutes - and the added benefit of accurately detecting influenza and COVID from a single sample."
|
JETMF | Hot Stocks08:17 EST Global Crossing Airlines receives FAA approval to commence cargo operations - Global Crossing Airlines Group has received approval from the US FAA for cargo operations and will commence revenue cargo flights with the A321 Passenger to Freighter aircraft this week.
|
ZBRA | Hot Stocks08:17 EST Zebra renews location solutions provider partnership with NFL through 2025 - Zebra Technologies announced the renewal of its partnership with the National Football League, extending Zebra's role as the Official Real Time Location Solutions Provider of the NFL through at least the 2025 football season. More details of the partnership will be discussed during the Zebra Super Bowl press conference on Wed., Feb. 8 at 3:30pm MT in Room 301C of the Super Bowl LVII Media Center in the Phoenix Convention Center in Phoenix, Arizona.... "We are excited to extend our relationship with Zebra Technologies, allowing us to utilize their best-in-class capabilities to capture data which enable next generation data insights and expanded visibility into every NFL game," said Matt Swensson, Senior Vice President, Product and Technology, National Football League. "Together, we are continuing to advance the League's commitment to innovation and improving all facets of our sport while providing our fans incredible insight into the game they love."
|
BCEL XNCR | Hot Stocks08:16 EST Atreca, Xencor to develop T Cell engaging bispecific antibody - Atreca (BCEL) and Xencor (XNCR) announced, as part of their existing strategic collaboration, they have mutually selected the first program combining an Atreca-discovered antibody with Xencor's XmAb bispecific Fc domain and a cytotoxic T-cell binding domain, CD3. Under the terms of their 2020 collaboration, Atreca generates novel, tumor-binding antibodies from the immune responses of cancer patients and identifies the antibodies' targets. Xencor then engineers Atreca's antibodies into T-cell engaging bispecific antibodies that bind to and activate the CD3 co-receptor on T cells, and characterizes these novel XmAb bispecific antibodies to identify candidates for further development. The program announced today is the first of up to two joint programs that can be mutually selected for further development and commercialization, with each partner sharing 50% of costs and profits. Atreca will lead clinical development, regulatory and commercialization activities for this program, and the second potential joint program would be advanced by Xencor. In addition, the agreement allows for each partner to pursue up to two programs arising out of the collaboration independently. "The advancement of this program into joint development is a key milestone in our collaboration with Xencor," said Stephen Gould, Ph.D., Chief Scientific Officer of Atreca. "We continue to believe that our respective approaches have the potential to be highly complementary, given the abundance of novel antibody-target pairs generated by Atreca's discovery platform and the plug-and-play nature of Xencor's XmAb bispecific antibody platform. We are excited to continue working with Xencor to advance this program and generate additional programs combining Atreca antibodies and Xencor CD3 bispecific engineering."
|
RVVTF PHRRF | Hot Stocks08:16 EST Revive Therapeutics secures MDMA supply from PharmAla Biotech - Revive Therapeutics (RVVTF) has entered into a supply agreement with PharmAla Biotech Holdings to obtain PharmAla's LaNeo, GMP source of 3,4-Methylenedioxymethamphetamine, for the development of Revive's microneedle patch delivery system. Recently, Revive Therapeutics announced it entered into a research collaboration agreement with PharmaTher Holdings (PHRRF) to evaluate their microneedle patch technology with MDMA.
|
IMMP | Hot Stocks08:14 EST Immutep reaches enrollment target for INSIGHT-003 trial - Immutep announces the investigator-initiated INSIGHT-003 trial has reached its enrolment target of 20 patients with 1L NSCLC. INSIGHT-003 is the first trial evaluating Immutep's lead product candidate, eftilagimod alpha as part of a triple combination therapy with standard-of-care anti-PD-1 therapy and chemotherapy. In a poster presented at the Society for Immunotherapy of Cancer Annual Meeting 2022, initial results in 1L NSCLC patients show the triple combination therapy is well-tolerated and provides promising early signals of therapeutic activity with an Objective Response Rate of 72.7% and a Disease Control Rate of 90.9% . Nine patients had a PD-L1 Tumour Proportion Score of less than50% and this group reported an encouraging ORR of 66.7% and DCR of 88.9%. Patients with a PD-L1 of less than50% represent approximately two-thirds of the 1L NSCLC patient population and are less responsive to anti-PD-1 therapy compared to patients with a PD-L1 TPS of greater than or equal to50%. Additional data from INSIGHT-003 is expected to be presented throughout calendar year 2023. For more information on the study, please see the poster titled 'Feasibility of eftilagimod alpha combined with standard-of-care-therapy in advanced non-small-cell lung cancer.
|
ON | Hot Stocks08:14 EST ON Semiconductor announces $3B share repurchase authorization - The company also announced that its board of directors has approved a new share repurchase program with authorization to repurchase up to $3B of shares of the company's common stock through December 31, 2025.
|
MOXC | Hot Stocks08:13 EST Moxian regains compliance with NASDAQ minimum bid price requirement - Moxian announced on February 3, 2023, it received notification from The Nasdaq Stock Market confirming the Company has regained compliance with NASDAQ's minimum bid price requirement under Listing Rule 5550(a)(2). NASDAQ noted this matter is now closed.
|
NAMS ARQT | Hot Stocks08:13 EST NewAmsterdam appoints John Smither to board of directors - NewAmsterdam Pharma (NAMS) announced the appointment of John Smither as an independent director to its Board of Directors. Smither will also serve as chair of NewAmsterdam Pharma's Audit Committee. Most recently, Smither served as the Chief Financial Officer at Arcutis Biotherapeutics (ARQT), where he was responsible for all financial aspects of the company's business, including leading Arcutis' successful initial public offering and two capital raises.
|
MGOL | Hot Stocks08:12 EST MGO Global chooses CGS BlueCherry Enterpise Suite - CGS announced that MGO Global has chosen its BlueCherry Enterprise Suite for its end-to-end ERP and warehousing/logistics management. MGO will rely on CGS's innovation and expertise to streamline its operation and provide insights to help its business grow.
|
LIFE | Hot Stocks08:11 EST aTyr Pharma announces achievement of milestone by partner Kyorin Pharmaceutical - aTyr Pharma announced that its partner Kyorin Pharmaceutical has dosed the first patient in Japan in EFZO-FIT, a global pivotal Phase 3 study to evaluate the efficacy and safety of the Company's lead therapeutic candidate, efzofitimod, in patients with pulmonary sarcoidosis, a major form of interstitial lung disease, ILD. This achievement has triggered a $10M milestone payment by Kyorin to aTyr pursuant to a collaboration and license agreement between the Company and Kyorin. "We are very pleased with Kyorin's timely start to EFZO-FIT and are happy to have centers open for enrollment in Japan, which is an important part of this large, global study," said Sanjay Shukla, M.D., M.S., President and Chief Executive Officer of aTyr. "Kyorin is responsible for the clinical development of efzofitimod for ILD in Japan and is an essential partner for aTyr as we work to bring this transformative, disease modifying therapy to sarcoidosis patients."
|
SCPH | Hot Stocks08:10 EST scPharmaceuticals reports inducement grants under Nasdaq listing rule - scPharmaceuticals announced that on February 1, 2023, the Compensation Committee of scPharmaceuticals' board of directors granted inducement equity grants consisting of stock options to purchase an aggregate of 142,500 shares of its common stock to 38 new employees. These stock options are subject to the terms of the scPharmaceuticals Inc. 2023 Employment Inducement Award Plan. The Inducement Plan is used exclusively for the grant of equity awards to individuals as an inducement material to their entering into employment with scPharmaceuticals pursuant to Nasdaq Listing Rule 5635(c)(4). The Inducement Plan was adopted by scPharmaceuticals' board of directors in February 2023. The stock options have an exercise price of $6.84 per share. Each option will vest as to 25% of the total number of shares subject to the option on the first anniversary of the applicable individual's employment start date with the Company, with the remaining shares subject to the option vesting in 36 equal monthly installments thereafter, such that the shares subject to the option are fully vested on the fourth anniversary of the applicable individual's employment start date with the Company.
|
ASTC | Hot Stocks08:10 EST Astrotech appoints Thomas Pickens III to serve as CTO - Astrotech Corporation announced that its Board of Directors has appointed Thomas Pickens III to serve as its Chief Technology Officer, CTO, in conjunction with his current duties as Chief Executive Officer. Tom Wilkinson, Astrotech's lead independent director said, "The appointment of Tom Pickens as CTO more accurately reflects the dual roles he has been managing since the consolidation of our operations in Austin, Texas. He has consistently demonstrated his proficiency in identifying new applications for our Astrotech Mass Spectrometer Technology and is key in the design of innovative sample collection and quantitation techniques."
|
NFE GLNG | Hot Stocks08:10 EST New Fortress to sell take in Hilli for 4.1M shares of NFE and $100M cash - New Fortress Energy (NFE)announced that it has reached an agreement with Golar (GLNG) for the sale of NFE's ownership stake in the Hilli in exchange for the return of 4.1M NFE shares and $100M in cash. Pursuant to the transaction, GLNG will acquire NFE's entire interest in the 2.4 MTPA floating liquefaction facility Hilli. The acquisition by NFE of all NFE shares held by Golar reduces the number of NFE shares outstanding to approximately 204.7M shares. As part of the agreement, NFE will also extinguish $323M in debt obligations associated with its interest in the Hilli. "With this transaction we will sell our minority interest in the Hilli in exchange for 4.1M shares of NFE and $100M in cash," said Wes Edens, Chairman and CEO of New Fortress Energy. "We believe this is a fair economic result for both ourselves and Golar." "Furthermore, from a strategic perspective, it will allow us to focus solely on our own FLNG portfolio that we own 100 percent of as well as buy back NFE stock at an attractive valuation," continued Mr. Edens. "Golar has been a meaningful partner for the past several years and we have appreciated the opportunities to collaborate with them as we continue to advance NFE's mission to bring more affordable, reliable and cleaner energy to customers around the world." ...Subject to customary conditions, the transaction is expected to close in Q1 2023.
|
RVSN | Hot Stocks08:09 EST Israel Railways purchases 10 Rail Vision Main Line Systems for $1.4M - Rail Vision announced that Israel Railways Ltd., Israel's state-owned principal railway company, signed an agreement to purchase 10 Rail Vision Main Line Systems and related services for $1.4M.
|
HYRE | Hot Stocks08:08 EST HyreCar retains Northland Capital Markets to explore strategic alternatives - HyreCar announced that, pursuant to its previously disclosed process to evaluate potential strategic alternatives meant to maximize shareholder value for the Company, the Company's board of directors has retained Northland Capital Markets as its financial advisor. With assistance from Northland and its other advisors, the Board will assess a full range of strategic alternatives, including a sale, merger, divestiture, recapitalization, going private transaction, additional financing, and other significant transactions. To date, the Company has received multiple executed NDAs in consideration of a potential transaction or strategic partnership. The Board has not set a timetable for the conclusion of its evaluation of strategic alternatives and has not made any decisions related to strategic alternatives at this time.
|
AMRN | Hot Stocks08:08 EST Amarin mails letter to shareholders highlighting Sarissa's myths vs facts - Amarin Corporation announced that it has mailed a letter to shareholders addressing the false and misleading statements made by Sarissa Capital Management and filed an investor presentation with the U.S. Securities and Exchange Commission urging shareholders to vote "AGAINST" all proposals on the WHITE proxy card. "Dear Shareholder, As we approach the February 28, 2023, General Meeting, you have an important decision to make regarding the future of your investment, and we want to ensure you have the facts. The bottom line is this: We understand your frustration and the stock price is not where we want it to be either. We agree that change was needed at Amarin - with a NEW Board, NEW management team and NEW strategy, we are working hard to turn Amarin around to drive value for you, our shareholders. In contrast, Sarissa is attempting to oust our new Chairman and de facto gain control of the Board with seven underqualified individuals by distorting the facts and in some cases, promoting outright misinformation. While Sarissa's 110-page presentation certainly taps into shareholder frustration, it conveniently ignores important facts that are critical to Amarin's fate... SARISSA MYTH #1...on Sarissa's ability to create value in the healthcare space. Despite Sarissa's suggestions to the contrary, appointing Sarissa nominees has been value destructive for the vast majority of companies that have done so... SARISSA MYTH #2...on M&A. The Board is committed to evaluating any real M&A opportunity that would maximize value for Amarin shareholders, including a sale of the Company... SARISSA MYTH #3...on comparing Amarin to The Medicines Company. Sarissa continues to compare Amarin to The Medicines Company, leading you to believe the same playbook will work here. The reality is the situation could not be more different. SARISSA MYTH #4...on European launch and reimbursement in Germany. Sarissa has no understanding of the German market and very limited experience with international operations. SARISSA MYTH #5...on a subscription model. Sarissa is recycling ideas about subscription models already considered and rejected by the Amarin Board for good cause. SARISSA MYTH #6 ...on cost savings. Within two months of taking over as CEO, in August 2021, Karim Mikhail took swift and decisive action to reduce the salesforce by 50%. SARISSA MYTH #7 ...on Per Wold-Olsen and Karim Mikhail's purported working relationship at Merck. Implying that Chairman Per Wold-Olsen and CEO Karim Mikhail had a close working relationship at Merck is false. SARISSA MYTH #8 ...on General Meeting timeline. Amarin set the meeting date as late as possible under UK law to provide shareholders the longest possible amount of time to vote. SARISSA MYTH #9 ...on Board refreshment. Amarin has conducted a comprehensive, independent and transparent refreshment process. SARISSA MYTH #10 ...on shareholder communications. We are a new Board that is working to create value for each and every one of you, and expanding our commitment to engagement is a part of that. We know we can do even more, and we will.
|
RUN PCG | Hot Stocks08:07 EST Sunrun, PG&E collaborate on battery-powered virtual power plant - Sunrun (RUN) and Pacific Gas and Electric Company (PCG) launched an energy reliability program to provide meaningful and flexible support from residential solar and battery systems during California's hottest months, when demand for energy is highest and energy supplies are tighter. Through the Energy Efficiency Summer Reliability Program, Sunrun will enroll up to 7,500 new and existing residential home solar and battery systems in PG&E's service area into the program, creating a virtual power plant capable of discharging 30 megawatts of clean energy back to the grid. PG&E and Sunrun partnered to create an optimal battery dispatch schedule that lowers the overall cost of power during the times of highest need as well as reduces critical strain on the entire energy system and reliance on fossil fuel burning power plants. All Sunrun solar and battery customers in single-family homes who have an interconnection agreement with PG&E, and are not enrolled in other demand response programs, are eligible to participate. This program will also provide Sunrun incremental revenue for managing and delivering virtual power plant services to the grid for one year, and an opportunity for Sunrun and PG&E to extend and expand the program in future years.
|
VLRS | Hot Stocks08:05 EST Volaris reports January ASMs up 16.0% from last year - Controladora Vuela Compania de Aviacion reports its January 2023 preliminary traffic results. In January, Volaris' capacity, measured in ASMs, increased by 16.0% year-over-year, while demand, measured in RPMs, increased by 23.1%; the result was a load factor expansion of 5.0 pp YoY to 86.2%. Volaris transported 2.9 million passengers during the month, a 21.8% increase compared to January 2022. Demand in the domestic Mexican and international markets increased by 17.9% and 35.7%, respectively.
|
CMCSA CMCSK | Hot Stocks08:04 EST Comcast signs contracts with Indiana OCRA for gigabit-capable broadband service - Comcast has signed contracts with Indiana's Office of Community & Rural Affairs, or OCRA, to bring gigabit-capable broadband service to unserved parts of Indiana. The initial finalized agreements will enable Comcast to build to rural, unserved portions of Allen, Bartholomew, Carroll, Cass, Delaware, Fayette, Hendricks, Jennings, Johnson, Hamilton, Huntington, La Porte, Madison, Marshall, Montgomery, Morgan, Porter, Starke and Wayne counties. Under Indiana's Next Level Connections Broadband Grant Program, Comcast is partnering with the state and local governments to build and deliver fast, reliable broadband service to more than 10,000 homes and businesses across 19 counties. The projects will deploy 1,200 miles of fiber to unserved rural portions of Indiana. Under this latest phase of Next Level Connections grants, Comcast is investing $36M in conjunction with the state's $13.6M to expand its network. This partnership builds upon Comcast's ongoing commitment to bridging Indiana's rural digital divide. Over the past three years, Comcast expanded and enhanced its network and product offering to reach more residents and businesses across the state, connecting communities like Darlington, Tell City, and Thorntown with gigabit-capable speeds. In that time, Comcast has also invested more than $500 million to strengthen and expand its Indiana network.
|
REED | Hot Stocks08:04 EST Reed's appoints Chris Burleson as CCO - Reed's announces the appointment of Christopher Burleson as Chief Commercial Officer. As Chief Commercial Officer, Burleson will lead the sales organization as well as partner with the operations department to streamline supply chain and cost reductions initiatives. He will also focus on strategic partnerships and growth opportunities leveraging his financial experience enhancing profit targets.. Burleson was formerly the Vice President of Sales, US-Retail at Fever-Tree Drinks.
|
PRPH | Hot Stocks08:03 EST ProPhase Labs provides update on Linebacker-1 cancer co-therapy program - ProPhase Labs provided an update regarding its progress and development strategy for Linebacker-1, LB-1, a small molecule PIM kinase inhibitor that is being developed by the Company's wholly owned subsidiary, ProPhase BioPharma, as a potential therapy enhancer for traditional chemotherapeutic agents to both increase efficacy and decrease toxicity in current cancer treatments. "We are excited to provide this update on our progress with the Linebacker-1 cancer co-therapy program, a platform which we believe has multi-billion-dollar potential in oncology as well as significant potential in other areas," commented Ted Karkus, ProPhase Lab's Chief Executive Officer. "We look forward to sharing additional updates on our progress throughout the year as we advance toward a potential IND application submission in mid-2024." In January 2023, REPROCELL completed its independent review of Linebacker-1, which included testing of 25 cell lines with LB-1 and confirmed previous in vitro studies conducted by Charles River. These cell lines confirmed efficacy of LB-1 on ovarian, kidney, colon and lung adenocarcinoma/small cells. The two-year research collaboration for Linebacker-1 with Dana-Farber Cancer Institute and Harvard Medical School has officially commenced, with cell culture studies currently ongoing. The ongoing studies are focused on identifying the most effective combination of cancer cell lines and agents with LB-1. ProPhase expects to initiate the preclinical requirements for investigational new drug application submission in the fourth quarter of 2023. These requirements include: Study Protocol Design: select optimized co-therapy combo from animal study and complete the protocol design for IND submission; Toxicity Testing: toxicological studies on small animals according to study protocol; Dosing Studies: dosing studies on small animals according to study protocol; Large Animal Studies: combined therapy studies on large animals according to study protocol. ProPhase aims to submit its IND application for Linebacker-1 in mid-2024. The Company plans to operate its own Phase 1 safety study for LB-1 and will seek a strategic partner for future development following Phase 1. The Company estimates that the total cost for development prior to exploring a strategic partner will be $3 - $5 million.
|
OXLC | Hot Stocks08:03 EST Oxford Lane estimates NAV per share $5.02-$5.12 as of January 31 - Management's unaudited estimate of the range of the NAV per share of our common stock as of January 31, 2023 is between $5.02 and $5.12. This estimate is not a comprehensive statement of our financial condition or results for the month ended January 31, 2023. This estimate did not undergo the Company's typical quarter-end financial closing procedures and was not approved by the Company's board of directors. We advise you that our NAV per share for the quarter ending March 31, 2023 may differ materially from this estimate, which is given only as of January 31, 2023. As of January 31, 2023, the Company had approximately 167.4 million shares of common stock issued and outstanding.
|
IMPJY | Hot Stocks08:02 EST Webuild announces acquisition of Australian Clough - After the signing of the deal for the acquisition of assets of the Australian Clough, Pietro Salini, the chief executive officer of Webuild, said in a statement, "Today's operation is a historic one for Webuild, which consolidates the growth strategy in low-risk markets, in line with the derisking policy adopted in recent years. With the integration of Clough, we become one of the major players in the sector, also in neighboring segments such as energy, defense plants and infrastructure, in a rapidly growing and continuously expanding market. The integration of skills of the people of Clough and Webuild will guarantee the realization of quality projects for customers and territories, and with this operation we have already demonstrated how a strong team spirit has already been created. I am grateful to all the parties involved for having worked so collaboratively and tirelessly to deliver an extraordinary result so quickly, despite the complexities of the different projects involved, time zones and distances," added Salini. "Through the constructive efforts and collaboration of the team of Webuild, Deloitte and Clough people, clients, unions and all other project partners, we have ensured business continuity for some of the most strategic projects in the country. For an Italian company to have a total backlog of over 12 billion euros and about 3,000 employees in Australia was a great undertaking, but we consider it only a starting point for a great collaboration with all the players in the country in which we count to continue to grow together," concluded Salini.
|
SEEL | Hot Stocks08:02 EST Seelos Therapeutics doses first patients in ethnobridging study with SLS-002 - Seelos Therapeutics announced that it has dosed the first patients in an ethnobridging study in healthy adult Japanese and non-Asian subjects to compare the safety and pharmacokinetic profiles of SLS-002. Seelos consulted and received endorsement from the Pharmaceuticals and Medical Devices Agency in Japan and from the U.S. FDA to conduct this Phase I ethnobridging study. Study SLS-002-103 will measure elements such as dosage and administration, sample size, inclusion and exclusion criteria, endpoints, and blood sampling. Seelos expects that data from this study will help inform inclusion of Japanese subjects in the design of a future global trial in patients with major depressive disorder at imminent risk of suicide.
|
BDRBF | Hot Stocks08:00 EST Bombardier reworks leadership team structure as part of growth strategy - Bombardier announced a leadership team evolution that will focus on carrying forward the company's positive momentum toward executing long-term growth and optimization strategies in the key areas of defense, services, continuous product improvement and next-generation manufacturing practices. As part the leadership structure evolution, the following alignments and appointments will take effect on February 20, and all other existing Bombardier leadership team members will continue in their roles: Jean-Christophe Gallagher is appointed Executive Vice President, Aircraft Sales & Bombardier Defense. Gallagher will lead all aspects of Bombardier's growing defense business as its product offering and customer base expand. Gallagher will also oversee the talented Sales team led by Peter Likoray, Senior Vice President, New Aircraft Sales. Paul Sislian is appointed Executive Vice President, Bombardier Aftermarket Services & Strategy. Having spent 15 years optimizing and leading Bombardier's business jet manufacturing facilities and processes, Sislian will now carry forward and accelerate the division's strategic growth journey that saw Bombardier inaugurate four newly built or expanded maintenance facilities around the world in 2022. All aerostructures, assembly and completions activities will be led by David Murray, who will add these responsibilities to his current mandates and is appointed to the role of Executive Vice President, Manufacturing, IT and Bombardier Operational Excellence System. The alignment of these three functions will enable a new focus on availing teams of next-generation digital technologies to further enhance Bombardier core processes. Eric Filion is appointed to the new role of Executive Vice President, Programs and Supply Chain. In this capacity, Filion will oversee all Bombardier supplier relationships and lead continuous, competitive improvement efforts for all in-production Bombardier aircraft. Filion previously held operations and program leadership positions at Bombardier, including oversight of the Challenger aircraft production facility. Most recently he served as Executive Vice President, Chief Operating and Customer Experience Officer for Hydro-Quebec. Filion will join Bombardier on February 20, 2023. Finally, Michel Ouellette will lead Engineering and Product Development as the group's Executive Vice President. After a 33-year career at Bombardier that culminated in the successful certification of the Global 7500 jet and subsequent launch of the performance-leading Global 8000 flagship aircraft, Ouellette is set to retire at the end of June 2023.
|
LYRA | Hot Stocks07:57 EST Lyra Therapeutics completes enrollment in BEACON Phase 2 trial of LYR-220 - Lyra Therapeutics announced completion of enrollment in the Phase 2 BEACON clinical trial of LYR-220 in adult patients with CRS who have had prior sinus surgery. LYR-220 is designed to deliver six months of continuous anti-inflammatory medication to the sinonasal passages for the treatment of CRS. Topline results are expected in the fourth quarter of 2023. The Phase 2 BEACON trial is a sham-controlled, parallel-group study to evaluate safety and efficacy of the LYR-220 matrix, over a 24-week period, in symptomatic adult CRS patients who have had a prior bilateral ethmoid sinus surgery. The trial consists of two parts: Part 1 was designed primarily to assess the feasibility and tolerability of two 7500microgram MF matrix designs; in Part 2, 40 patients have been randomized 1:1 to receive LYR-220 or sham control.
|
BOXD | Hot Stocks07:55 EST Boxed to provide DTC logistics for Colavita USA's e-commerce division - Boxed announced an arrangement with Colavita USA to manage the Italian specialty food manufacturer's third party direct-to-consumer logistics, including inventory management, warehousing, and fulfillment. The company will outsource its third-party logistics to Boxed, using its flagship, fully automated fulfillment center in Union, NJ.
|
CLSD | Hot Stocks07:40 EST Clearside Biomedical announces leadership update - Clearside Biomedical announced that its Chief Medical Officer and Chief Development Officer, Thomas Ciulla, M.D., M.B.A., will transition to the role of Chief Medical Advisor-Retina for Clearside and step down from his full-time position, effective February 17, 2023. In his new advisory capacity, Dr. Ciulla will chair the Company's Scientific Advisory Board, SAB, sharing his medical expertise as a practicing retinal specialist and providing counsel on Clearside's ODYSSEY Phase 2b clinical trial and other suprachoroidal development programs.
|
ZTEK | Hot Stocks07:40 EST Zentek announces Phase 2 results of HVAC testing - Zentek received the final report for Phase 2 testing of ZenGUARD for use in Heating, Ventilation and Air Conditioning filtration from the National Research Council of Canada. ZenGUARD-treated MERV 8 filters achieved 34.56% filtration efficiency of the Phi6 virus, a surrogate for COVID-19 during a single air exchange. This compares to 7.24% for uncoated MERV 8 filters, a 27.32% net improvement. Testing was conducted in NRC's unique bioaerosol facility, a purpose-built 173.3 m3 modular room intended to simulate a real-world classroom environment. The testing used Cystovirus Phi 6, a surrogate for enveloped viruses, including SARS-CoV-2, the causative agent of COVID-19. Importantly, the particle size distribution used for this study was representative of the size distribution expelled from the human respiratory tract where 85% were in the E1 classification and 15% were in the E2 category and were at a concentration in line with ASTM E3273-21 - Standard Practice to Assess Microbial Decontamination of Indoor Air using an Aerobiology Chamber. MERV 8 filters were not designed to capture particles this size, which is reflected in their low 7.24% filtration efficiency. In contrast, the ZenGUARD technology had a meaningful effect on the viral filtration efficiency of the MERV 8 filter, increasing the efficiency by almost 5 times to 34.56% in a single air exchange. Zentek has shared the Phase 2 report with Federal and Provincial organizations for their review and analysis of the results. This is a step in the Innovation Solutions Canada commercialization pathway that could lead to potential agreements to sell ZenGUARD coated HVAC filters to governmental organizations.
|
TXT | Hot Stocks07:39 EST Textron subsidiary receives order from OEM - Kautex Textron, a Textron company, announced it has received the first order from an automotive OEM for a thermoplastic composite underbody battery protection skid plate. The skid plate is part of the company's new Pentatonic battery system product line supporting battery electric vehicle production.
|
VMAR | Hot Stocks07:37 EST Vision Marine, Four Winns to showcase H2e Electric Bowrider at MIBS - Vision Marine Technologies and Four Winns, a division of Groupe Beneteau, are proud to announce their participation at the Miami International Boat Show from February 15-19, 2023. The companies have submitted their application for the 2023 MIBS Innovation Awards for their 180hp Electric Bowrider, the H2e. Four Winns will launch worldwide the production version of the H2e at the Miami International Boat Show, available in two different locations. The H2e will be on display in the water at the ST 300 J and H, Venetian Marina along the Venetian Causeway with Four Winns, and at Four Winns booth. Four Winns will be accepting deposits and orders.
|
PYR | Hot Stocks07:37 EST PyroGenesis provides update on recent contract to supply SPARC in New Zealand - PyroGenesis Canada announces that, further to its Client's Press Release dated February 4, 2023, and PyroGenesis' Press Releases dated January 10, 2023 and September 13, 2022, the Company can now provide important additional information on its recently signed contract for the purchase of its SPARC refrigerant waste destruction system by its Client in New Zealand. The Company's SPARC system has been purchased as the core technology for New Zealand's national hazardous refrigerant collection and destruction initiative, the government-mandated organization known as Cool-Safe. Cool-Safe's mandate is to be a significant factor in the government of New Zealand's stated goal to reduce their greenhouse gas emissions by 2035 by at least 35%. This will be achieved by implementing their own 90% reduction target for hazardous refrigerants. "When we originally announced this contract, we were limited in what we could reveal. Given their latest press release we can now confirm that our Client is a very large, government-mandated organization serving the whole of New Zealand, and is comprised of not just one, but nine advanced materials/chemical trading companies working together," said P. Peter Pascali, CEO and Chair of PyroGenesis. "As with most Product Stewardship Organizations, these companies have been given the responsibility to oversee, in this case, the safe removal and disposal of the hazardous products they either manufacture or distribute. The nine companies within the Cool-Safe organization are significant players in their own right and include four that are large publicly traded multi-nationals and six that are 50+ years old."
|
NBIX | Hot Stocks07:36 EST Neurocrine sees FY23 INGREZZA net product sales $1.67B-$1.77B - INGREZZA sales guidance for fiscal 2023 reflects expected sales of INGREZZA in tardive dyskinesia only. The guidance range is based upon recent trends and underlying business initiatives underway to help advance the development of the tardive dyskinesia market.
|
VHIBF | Hot Stocks07:35 EST Vitalhub enters multiyear licensing with Habitat Services - VitalHub announced the licensing of the Company's proprietary TREAT Client Information System to Habitat Services. Habitat Services is a Toronto-based non-profit housing agency and that has been utilizing VitalHub's Pirouette case management software for many years. They are one of 50 service providers within the Toronto Mental Health and Addictions Access Point network.Habitat is investing to improve, enhance, and modernize the support of their workflows by migrating to the comprehensive TREAT client information system to better suit the needs of their employees and the services they provide. Habitat Services has signed a five-year agreement with VitalHub to license the TREAT software with the goal of this being the long term solution for their client referrals, supports, and housing subsidy administration.
|
HSCS | Hot Stocks07:34 EST Heart Test Laboratories granted key Israeli international patent for MyoVista - Heart Test Laboratories announced it has been granted a patent in Israel from the Israel Patent Office. Andrew Simpson, Chief Executive Officer of HeartSciences, commented, "Artificial intelligence is transforming what's possible, and at HeartSciences we are at the leading edge of changing what's possible with an ECG by applying AI to make it a far more valuable screening tool for heart disease detection to save lives. Israel is a hotbed for medical device innovation, with more patents granted per capita than anywhere else worldwide. This patent award further protects our IP and further validates our position as a technology innovator. Protection of our intellectual property and patents is core to our strategy as they provide intrinsic value and would be expected to be a source of major competitive advantage as we move toward commercialization."
|
SAIA | Hot Stocks07:34 EST Saia announces new revolving credit facility - Saia announced that it has closed on a new unsecured revolving credit facility with committed borrowing capacity of $300 million and an incremental $150 million accordion feature. This credit facility replaces the Company's existing secured $300 million revolving credit facility, which was scheduled to mature in February 2024. On February 3, 2023, the Company entered into a credit agreement with JPMorgan Chase Bank, N.A. as Administrative agent, BOKF, NA as Syndication Agent, and Bank of America, PNC Bank, National Association and TD Bank, N.A., as Co-Documentation Agents. Among other items, the new credit facility: Allows Saia to access capital without pledging collateral; Maintains the size of the credit facility commitments of $300 million; Increases the availability under an accordion feature from $100 million to $150 million; Extends the maturity until February 3, 2028; Provides an interest rate pricing grid with more favorable borrowing costs.
|
SNSE | Hot Stocks07:32 EST Sensei signs CRADA with NCI to expand development plan for SNS-101 - Sensei Biotherapeutics announced that it has signed a Cooperative Research and Development Agreement, CRADA, with the National Cancer Institute, NCI, part of the National Institutes of Health, NIH, to expand the development of SNS-101, a conditionally active, pH-selective VISTA-blocking antibody. Under the terms of the CRADA, Sensei will collaborate with the NCI Center for Immuno-Oncology Co-Directors, Jeffrey Schlom, Ph.D., and James Gulley, M.D., Ph.D., and conduct preclinical studies to assess the mechanism of action of SNS-101 in combination with novel therapeutic modalities. The goal of this collaborative effort between Sensei and the NCI is to further elucidate the role of VISTA in immune checkpoint resistance and expand the potential of SNS-101 as a combination therapy beyond anti-PD-1. Sensei expects to submit an Investigational New Drug application for SNS-101 in or before April 2023 and the trial is expected to commence thereafter in 2023, pending regulatory clearance. "We're excited to collaborate with Dr. Schlom and Dr. Gulley, who have pioneered the use of novel immunotherapies for a range of human cancers and are recognized for their expertise in translating preclinical findings into first-in-human studies for multiple immunotherapy agents," said Edward van der Horst, Ph.D., Chief Scientific Officer of Sensei Biotherapeutics. "We believe this collaboration has potential to increase the body of evidence that pH-selective VISTA inhibition can achieve a potentially differentiated efficacy and safety profile, expand the rationale for combining inhibition of VISTA with mechanisms beyond PD-1 inhibition, and help us build upon the current clinical development plan for SNS-101."
|
ITMZF | Hot Stocks07:32 EST React Gaming announces 2023 growth strategy for Compete.gg - React Gaming Group announced Compete.gg's growth strategy for 2023 and beyond. One key aspect of AI/ML tech is that it can drive revenue for Compete.gg via predictive analytics. By analyzing user data and behaviour, the platform can provide insights and recommendations to users about tournaments, players, and other features that are most relevant to their interests. This not only creates a more enjoyable experience for users but also increases the likelihood that they will participate in more tournaments and engage more deeply with Compete's platform. Another way that AI/ML can drive revenue for Compete is through targeted advertising. By using machine learning algorithms to understand user behaviour and interests, the platform can serve more relevant and effective advertisements to users, leading to increased click-through and higher conversion rates. It also allows the platform to better pair advertisers with the right tournament organizers and brands. Additionally, and probably most importantly, by leveraging AI and ML, Compete can optimize its tournament creation and management processes, making it easier and more efficient for tournament organizers to run tournaments and manage their communities. This can help reduce administrative overhead and increase the number of tournaments offered on our platform, further increasing user engagement and driving revenue. The integration of AI and ML into a Compete mobile offering can significantly increase the company's revenue in the next two years by providing users with a more personalized and engaging experience, increasing the effectiveness of targeted advertising, and streamlining tournament management processes, all via the one device everyone has in their pocket, a smartphone. The good news is that Compete's platform is built to be adaptable to mobile functionalities, but it will take some time to become fully operational.
|
ATNM | Hot Stocks07:31 EST Actinium Pharmaceuticals signs R&D agreement with National Cancer Institute - Actinium Pharmaceuticals announced that it has entered into a Cooperative Research and Development Agreement with the National Cancer Institute, part of the National Institutes for Health, to develop Actimab-A for the treatment of patients with acute myeloid leukemia and other hematologic malignancies. Under the terms of the CRADA, the NCI will serve as the regulatory sponsor for any clinical trials mutually approved by both parties to study Actimab-A while Actinium will be responsible for supplying and distributing Actimab-A to participating clinical sites and providing additional support as needed. The CRADA will provide broad support for the development of Actimab-A alone or in combination with chemotherapy, immunotherapy, targeted agents and other novel combinations, in line with Actinium's strategy of leveraging Actimab-A's targeted radiotherapy mechanism to elicit synergistic effects.
|
CNTX | Hot Stocks07:31 EST Context Therapeutics highlights clinical responses from Phase 2 OATH trial - Context Therapeutics announced that two patients have achieved a confirmed partial response, PR, among the first 12 patients enrolled in the Phase 2 OATH clinical trial evaluating the potential of Context's oral progesterone receptor antagonist onapristone extended release, ONA-XR, in combination with anastrozole, ANA, to treat hormone receptor positive metastatic endometrial cancer. "Data from the ongoing Phase 2 OATH clinical trial supports the potential for ONA-XR plus ANA combination therapy to serve as an effective therapeutic option in metastatic EC. We are encouraged by these findings and look forward to continued enrollment in the trial," said Martin Lehr, CEO of Context Therapeutics. Preliminary data from the ongoing Phase 2 OATH clinical trial evaluating the combination of ONA-XR with ANA in HR+ EC found that ONA-XR plus ANA demonstrated a 4-month progression free survival rate of 77% and an overall response rate of 22%. These results suggest that ONA-XR plus ANA exhibits favorable efficacy and tolerability relative to historical data that evaluated physician's choice of chemotherapy versus Lenvima plus Keytruda combination therapy in a similar treatment setting of metastatic EC.
|
FRBK | Hot Stocks07:15 EST Republic First Bancorp comments on communications from Norcross-Braca group - Republic First Bancorp addressed recent communications from George Norcross, III, Gregory B. Braca, Philip Norcross and Avery Conner Capital Trust and its trustees. The company issued the following statement: "The Norcross-Braca Group claims to care about all of Republic First's constituencies, yet its actions indicate a fundamental disregard for fellow shareholders and stakeholders. The Group is running a disruptive, misleading and self-serving campaign that appears to be all about positioning George Norcross to make a control-like investment in Republic First on his preferred terms and rushed timeline. As evidence, the Group refuses to halt public attacks and sign a standard non-disclosure agreement to participate in a full and fair strategic review process that it initially welcomed. This posture - which is consistent with Mr. Norcross's actions in other situations - is the case despite the Company sharing preliminary feedback and trying to facilitate a dialogue. The Group continues to rely on disingenuous claims and litigation to try to force us to abandon our process in favor of accepting its investment proposal that requires nearly $10 million in expense reimbursements and provides it the right to appoint or approve nearly half of the Company's Board. In contrast, other parties have signed customary non-disclosure agreements and are working through our process in a normal fashion. We suspect the Group would agree to participate in our process - rather than disrupt it from the outside - if it actually believed its proposal was competitive and viable. The reality is it is already the beginning of a new day at Republic First. We have a rebuilt leadership team and refreshed Board that has additive skills, relevant experience and meaningful shareholdings. We are making initial progress in optimizing our expense base, leveraging new technology and engaging with prospective capital and strategic partners - all of which we believe will support future profitability and long-term value for all our shareholders, employees and customers. We look forward to sharing updates on our progress in the coming weeks and months."
|
NEO | Hot Stocks07:14 EST NeoGenomics announces results from study of RaDaR assay - NeoGenomics announced results of a new study of the RaDaR assay in patients with muscle-invasive bladder cancer immediately following treatment with a combination of the immune checkpoint inhibitors in the neoadjuvant setting. Plasma and urine collected from the patients during treatment was analyzed. The RaDaR assay is a personalized, highly-sensitive sequencing test for the detection of minimal residual disease and recurrence. MRD is the trace amounts of circulating tumor DNA that remain after surgery or other cancer treatment. The study, published in the journal Nature Medicine, found that the absence of ctDNA in plasma - as detected by RaDaR - was associated with patient responses to treatment prior to surgery offering the possibility of avoiding aggressive surgery that removes the patient's bladder. The new data are part of the second cohort of the Phase 1b/2a NABUCCO trial, which investigated patient responses to neoadjuvant treatment with a CTLA-4 inhibitor in combination with a PDL1 inhibitor among patients with locoregionally-advanced urothelial cancer. In both cohorts, RaDaR assay was used before and during neoadjuvant therapy as well as pre-surgery to assessed ctDNA in urine and blood plasma to determine patient response to treatment. Cohort 1 helped establish the feasibility of neoadjuvant therapy with ipilimumab 3 mg/kg plus nivolumab 1 mg/kg, demonstrating high pCR rates. In Cohort 2, patients received either ipilimumab 3 mg/kg plus nivolumab 1 mg/kg or ipilimumab 1 mg/kg plus nivolumab 3 mg/kg, both for two cycles, followed by nivolumab 3 mg/kg. Overall, 43 percent in cohort 2A and 7 percent in cohort 2B achieved a complete pathological response, the primary endpoint. The absence of ctDNA in blood plasma was highly associated with both pCR and PFS. In urine, the absence of ctDNA was linked to pCR but not PFS.
|
TSN | Hot Stocks07:14 EST Tyson Foods falls 6% to $60.35 after Q1 results miss estimates
|
VIEW | Hot Stocks07:13 EST View Inc. unveils new Smart Windows installation at Chicago's ORD - View unveiled its new extensive Smart Windows installation this week at the recently completed 350,000-square-foot expansion of Terminal 5 at Chicago's O'Hare International Airport, ORD. The Terminal 5 expansion includes several new gates and two new lounges with View Smart Windows. "This project sets the standard for sustainable, passenger-centric airport design," said Dr. Piers MacNaughton, VP of Institutional Business at View Inc. "We are proud to contribute to O'Hare's sustainability initiatives and make a good first impression of Chicago for the millions of passengers that travel through Terminal 5 each year."
|
CACI | Hot Stocks07:13 EST CACI E in CRADA deal with Army to test advanced satellite capabilities - CACI International signed a five-year cooperative research & development agreement ,CRADA, with the U.S. Army Space and Missile Defense Technical Center or USASMDC-, TC to further the development of advanced payload technologies, space sensor applications, and resilient Positioning, Navigation & Timing, PNT. Todd Probert, CACI President of National Security and Innovative Solutions, said, "These payloads feature mission-proven, ground-based technologies that are tailored for the unique challenges of the contested space domain. They enable increased resiliency and security through low size, weight, and power or SWaP software-defined applications. We look forward to working closely with the Army on this critical program to bolster our nation's dominance in space."
|
FRSH META | Hot Stocks07:11 EST Freshworks, Meta partner to help conversational customer experience - Freshworks (FRSH) announced that companies around the world have increased customer retention by using Freshworks' conversational AI bots to automate communication with buyers through WhatsApp, Instagram Messaging, and Facebook Messenger (META). International companies like MTN Cameroon in Africa, Body & Fit in Europe and The Giving Movement in Dubai have elevated their customer support efficiency on Meta's messaging platforms using Freshworks' Freshchat, Freshdesk and Freshsales products. With over two billion daily active WhatsApp users, nearly two billion daily active Facebook users, and more than two billion monthly active Instagram users, Meta provides the world's most popular messaging platforms. The Meta Business Messaging integrations with Freshworks' CX and CRM products make customer and prospect engagement easy for support, sales, and marketing teams.
|
MBXBF | Hot Stocks07:11 EST Microbix Biosystems presents results of collaboration with Health PEI - Microbix Biosystems announces that it will be presenting results of its collaboration with the Microbiology Laboratory of the Queen Elizabeth Hospital of Health PEI, in support of provincial adoption of molecular diagnostic screening for Human Papillomavirus infections - at the annual congress of the European Research Organization on Genital Infections and Neoplasia, taking place in Bilbao, Spain from February 8 to 11, 2023. Prince Edward Island is the first Canadian Province to undertake full implementation of MDx HPV testing to improve cervical cancer screening from the pathology-based "Pap Tests." Directly testing for HPV provides earlier and more reliable detection of infections that are at higher risk of progression to cervical cancer, thereby helping to prevent deaths, illness, and healthcare costs. Microbix's Quality Assessment Products supporting test and test-workflow accuracy enabled it to assist Health PEI in verifying functionality and implementing use of the Becton Dickinson Onclarity HPV assay. The poster being presented at EUROGIN is titled "Performance of High-Risk HPV Single Analyte and Multiplex Panel External Quality Controls for Verification of Extended Genotyping on the BD Onclarity HPV Assay." The poster details precisely how QAPs supported verification of these HPV tests and Microbix gratefully acknowledges the work and support of its collaborators in PEI and at BD. The poster will be available on Microbix's website and from EUROGIN following its presentation. At EUROGIN, Microbix will also exhibit its portfolio of HPV QAPs, comprised of single-analyte products covering 9 high-risk and 1 low-risk types, and 3 multiplexes for "extended genotyping" of additional high-risk types. Microbix HPV QAPs are available for sale in Canada, Australia, Europe, the United States, and other jurisdictions under its "REDx Controls" or "PROCEEDx" brand names.
|
CG GS | Hot Stocks07:09 EST Carlyle Group names Harvey Schwartz as CEO, board member - Global investment firm Carlyle (CS) announced that its Board of Directors has unanimously agreed to appoint Harvey M. Schwartz as Chief Executive Officer and a member of the Board, effective February 15, 2023. At that time, Bill Conway will step down as Interim CEO, maintaining his role as Co-Chairman of the Board. Schwartz is the former President and Co-Chief Operating Officer of The Goldman Sachs Group (GS), and prior to that, served as the firm's Chief Financial Officer, where he oversaw its most critical financial and risk management processes as well as its capital allocation strategy. He also held leadership roles across a broad range of the firm's operations, including its Securities and Investment Banking divisions, where he was instrumental in driving the growth of a number of the firm's client franchises. At Carlyle, Schwartz will be responsible for setting and executing a strategy that advances and accelerates the diversification plan the firm has successfully pursued, as well as identifying new investment opportunities to further grow and scale the firm, drive sustained performance for fund investors, and create significant shareholder value.
|
SLN | Hot Stocks07:08 EST Silence Therapeutics names J.P. Gabriel Chief Technical Operations Officer - Silence Therapeutics plc announced the appointment of J.P. Gabriel as Chief Technical Operations Officer following the retirement of Jorgen Wittendorff, SVP, Technical Operations. In this role, J.P. is responsible for Manufacturing, Process and Analytical Development and Supply Chain.
|
BCRX | Hot Stocks07:08 EST BioCryst reports inducement grants under Nasdaq listing rule - BioCryst Pharmaceuticals announced that the compensation committee of BioCryst's board of directors granted 20 newly-hired employees stock options to purchase an aggregate of 287,200 shares, and restricted stock units covering an aggregate of 101,700 shares, of BioCryst common stock. The options and RSUs were granted as of January 31, 2023, as inducements material to each employee entering into employment with BioCryst. The options and RSUs were granted in accordance with Nasdaq Listing Rule 5635(c)(4). The options have an exercise price of $10.55 per share, which is equal to the closing price of BioCryst common stock on the grant date. The options and RSUs vest in four equal annual installments beginning on the one-year anniversary of the grant date, in each case subject to the new employee's continued service with the company. Each stock option has a 10-year term. The options and RSUs are subject to the terms and conditions of BioCryst's Inducement Equity Incentive Plan and a stock option agreement or restricted stock unit agreement, as applicable, covering the grant.
|
ATSG... | Hot Stocks07:07 EST Air Transport Services backs prior FY22 view, CAM unit completes conversions - Air Transport Services Group (ATSG) provided outlook guidance for changes in its operating fleet of cargo aircraft. The guidance is in anticipation of meetings that ATSG executives will hold with investors on February 7 , at the Stifel Transportation and Logistics Conference in Amelia Island, Florida. At the conference, ATSG will maintain guidance provided on November 3 , for full-year 2022 Adjusted Earnings Before Interest, Taxes and Depreciation. Fourth quarter and full year 2022 results will be announced in late February 2023. Regarding its outlook for cargo aircraft leases and subsidiary airline operations in 2023 and beyond, ATSG expects to: Through its Cargo Aircraft Management CAM subsidiary, complete the passenger-to-freighter conversion and deliver fourteen Boeing (BA )767-300 freighter aircraft in 2023 and sixteen in 2024, most of which will be leased to customers based outside the United States. ..Begin the passenger-to-freighter conversion of what it expects to become a leased fleet of thirty Airbus (EADSY)A330-300s, equal to the number for conversion slots it holds. CAM expects to begin leasing A330 freighters in 2024 and continuing into 2028. It has already received customer commitments to lease more than two thirds of those A330 freighters, which are medium widebody aircraft that perform regional missions, but with greater payload and range than Boeing 767-300 freighters. Continue to lease into 2024 four of twelve Boeing 767-200 freighters currently leased to Amazon and operated by ATSG's cargo airlines. Leases for the other eight are due to expire between May and September 2023. CAM expects to retire at least three of the eight due to airframe cycle limitations and utilize the engines removed to support other 767-200 lease customers. CAM expects to re-lease and/or sell the remaining five 767-200 freighters which Amazon may not extend. Operate 767 freighters dedicated to principal customers DHL (DHL) and Amazon (AMZN) for reduced schedules and fewer block hours per aircraft across the United States in the first half of 2023 versus 2022. Both companies are adjusting their ground and air distribution and fulfillment networks in the United States to conform to reduced U.S. economic growth and consumer spending levels in the first half of 2023. ATSG's passenger aircraft operations are likely to face similar effects.
|
OMIC | Hot Stocks07:07 EST Singular Genomics announces launch of Max Read Kits - Singular Genomics Systems announced the launch of its Max Read Kits for single cell applications on the company's G4 Sequencing Platform at the Advances in Genome Biology and Technology, AGBT, 23rd General Meeting, taking place February 6-9, 2023, in Hollywood, Florida. The Max Read Kits boost the potential output of the G4 to a market-leading 3.2 billion reads per run on a benchtop system for single cell sequencing. The kits, specifically designed to match the format of popular 10x Genomics assays, enable users the flexibility to sequence 4, 8, 12, or 16 samples per run, each in its own lane. "We believe the combination of speed, flexibility, cost, and power that the Max Read Kits provide will firmly establish the G4 as the leading benchtop system for customers running single cell applications," said Drew Spaventa, Chairman and Chief Executive Officer of Singular Genomics. "We look forward to sharing data at AGBT and to begin shipping to our customers in the second quarter of this year... We have seen consistent improvement on the throughput of our flow cells and, for certain applications, we are now achieving up to 1.8 billion reads per run on the F3 flow cells. We've been especially pleased with the quality of data coming from our F3 flow cells and are excited to start sending these to select customers later this month," added Spaventa.
|
OMIC... | Hot Stocks07:07 EST Singular Genomics showcases G4 sequencing data with 11 genomics partners - Singular Genomics Systems (OMIC) released new data from 11 industry-leading genomics partners that validate the performance and versatility of the G4 Sequencing Platform. The datasets are being released during the Advances in Genome Biology and Technology, AGBT, 23rd General Meeting taking place February 6-9, 2023, in Hollywood, Florida. The datasets, available as application notes and posters at the AGBT meeting and on the Singular Genomics website, are with the following industry-leading genomics partners: 10x Genomics (TXG), Integrated DNA Technologies, Bio-Rad Laboratories (BIO), QIAGEN (QGEN), Quantabio, Parse Biosciences, Takara Bio, Paragon Genomics, Watchmaker Genomics, Claret Bioscience, and Tecan. "The data with our partners underscores the versatility of the G4 to address our customers' various sequencing needs, producing highly accurate results with unmatched flexibility and speed," said Drew Spaventa, Chairman and Chief Executive Officer of Singular Genomics.
|
TNXP | Hot Stocks07:04 EST Tonix Pharmaceuticals initiates enrollment in Phase 2 'PREVENTION' study - Tonix Pharmaceuticals Holding announced that the first participant was enrolled in the Phase 2 'PREVENTION' study of TNX-1900 for the prevention of migraine headache in chronic migraineurs. The double-blind, placebo-controlled study has a target enrollment of 300 participants at approximately 25 sites across the U.S. Results from a planned interim analysis are expected to be released in the fourth quarter of 2023.
|
VRDN | Hot Stocks07:03 EST Viridian Therapeutics appoints Scott Myers as President, CEO - Viridian Therapeutics announced that the Company has appointed Scott Myers as President and Chief Executive Officer, and a member of the Board of Directors, effective today February 6, 2023. Myers has more than 30 years of biopharmaceutical and medical technology experience, and has held global executive leadership and director roles at numerous commercial- and development-stage biopharmaceutical companies. He succeeds Jonathan Violin, Ph.D. who has led Viridian since its inception in 2020. Myers most recently served as the CEO and Director of AMAG Pharmaceuticals, where he led its turnaround and strategic sale to Covis Pharma.
|
LVTX CYAD | Hot Stocks07:03 EST Lava Therapeutics appoints Charles Morris as CMO - LAVA Therapeutics (LVTX) announced that Dr. Charles Morris has joined LAVA as chief medical officer effective February 6, 2023. Dr. Morris will replace Benjamin Winograd, MD, PhD. Most recently, Morris was the chief medical officer for Celyad Oncology (CYAD).
|
RDHL | Hot Stocks07:02 EST RedHill Biopharma announces extinguishment of all its debt obligations - RedHill Biopharma announced the extinguishment of all RedHill's debt obligations, including all principal, interest, revenue interest, prepayment premiums and exit fees, under the Credit Agreement between RedHill's U.S. subsidiary RedHill Biopharma and HCR dated February 23, 2020 in exchange for the transfer of its rights in Movantik, or naloxegol, to Movantik Acquisition, an affiliate of HealthCare Royalty, or HCR. HCR will assume substantially all post-closing liabilities, and RedHill will retain substantially all pre-closing liabilities relating to Movantik. As part of the parties' arrangement, and to ensure continuous patient care, RedHill will provide HCR with paid transition services for up to 12 months. HCR will retain security interests in certain RedHill assets until substantially all pre-closing liabilities relating to Movantik have been paid or other specific conditions are met.
|
ATER | Hot Stocks07:02 EST Aterian announces management promotions, changes - Aterian announced it has made several management promotions and changes that the Company believes will further streamline its operations as it continues to target Adjusted EBITDA profitability in the second half of 2023. Mihal Chaouat-Fix has been promoted to Chief Supply Chain Officer. Chaouat-Fix joined the Company in 2014 and has served as Aterian's Chief Product Officer since September 2018. Tim Stanton has been promoted to Chief E-Commerce Officer. Stanton joined Aterian in September 2017, most recently serving as Aterian's Senior Vice President of E-commerce. Phil Lepper has been promoted to Senior Vice President of Revenue and is responsible for brand strategy and management of Aterian's portfolio of brands. Lepper joined Aterian in June of 2021 and most recently served as the Company's Vice President of Revenue for hOmeLabs and Vremi Brands. As part of these changes, the Company also announced that it has eliminated the position of Chief Operating Officer. Anton von Rueden, who served in that position, will continue to assist the Company with the transition of responsibilities during the next few months.
|
TSN | Hot Stocks06:59 EST Tyson Foods sees improved performance in 'the back half of fiscal 2023' - "We executed our strategy in Q1, growing volume, improving staffing levels, investing in automation and building inventory to meet customer demand, all while maintaining a focus on liquidity and financial health," said Tyson Foods President and CEO Donnie King. "The strength of our retail brands, including Tyson, Jimmy Dean, Hillshire Farm, and Ball Park, was demonstrated by the growth in Prepared Foods, most notably with Jimmy Dean ending the quarter at its all-time highest volume share. Our advantaged brands in advantaged categories uniquely position us to win in the marketplace. We faced some challenges in the first quarter. Market dynamics and some operational inefficiencies impacted our profitability. We expect to improve our performance through the back half of fiscal 2023 and into the future, as we strive to execute with excellence and work to become best in class in our industry. We are optimistic about the long-term outlook for Tyson. We have the world's greatest protein brands, an incredible team, and a sound strategy to serve our customers and delight consumers with high-quality, sustainable, affordable protein."
|
TSN | Hot Stocks06:57 EST Tyson Foods sees FY23 CapEx $2.5B
|
TSN | Hot Stocks06:57 EST Tyson Foods expects to exceed $1B in productivity savings target in FY23 - The company said, "For fiscal 2023, the United States Department of Agriculture indicates domestic protein production should be relatively flat compared to fiscal 2022 levels. The following is a summary of the outlook for each of our segments, as well as an outlook for revenues, capital expenditures, net interest expense, liquidity and tax rate for fiscal 2023. Certain of the outlook numbers include adjusted operating margin for each segment. The company is not able to reconcile its full-year fiscal 2023 projected adjusted results to its fiscal 2023 projected GAAP results because certain information necessary to calculate such measures on a GAAP basis is unavailable or dependent on the timing of future events outside of our control. Therefore, because of the uncertainty and variability of the nature of the amount of future adjustments, which could be significant, the company is unable to provide a reconciliation for these forward-looking non-GAAP measures without unreasonable effort. Adjusted operating margin should not be considered a substitute for operating margin or any other measures of financial performance reported in accordance with GAAP. Investors should rely primarily on the company's GAAP results and use non-GAAP financial measures only supplementally in making investment decisions Beginning in fiscal 2022, we launched a new productivity program, which is designed to drive a better, faster and more agile organization that is supported by a culture of continuous improvement and faster decision making. We targeted an aggregate $1 billion in productivity savings by the end of fiscal 2024 relative to a fiscal 2021 cost baseline. We realized more than $700 million of productivity savings in fiscal 2022, which partially offset the impacts of inflationary market conditions, and we believe we will exceed our aggregate $1 billion target in fiscal 2023, a year ahead of our plan."
|
NVS | Hot Stocks06:54 EST Novartis' Sandoz BLA for proposed biosimilar denosumab accepted by FDA - Sandoz announced that the U.S. Food and Drug Administration has accepted its Biologics License Application, or BLA, for proposed biosimilar denosumab. "In addition to being an important medicine for cancer of the bone, denosumab is critical in the treatment of osteoporosis and potential prevention of osteoporosis-related fractures that so many women over 50 are at risk of. We are proud to be among the first to submit a BLA for a denosumab biosimilar as, if approved, it could increase patient access to an affordable, high-quality, potentially disease-modifying treatment across the US, while also delivering savings for healthcare systems," said Keren Haruvi, President, Sandoz Inc. and Head of North America.
|
BBIG | Hot Stocks06:53 EST Vinco Ventures joint venture to acquire National Enquirer - VVIP Ventures, a joint venture between Vinco Ventures and ICON Publishing has entered into an asset purchase agreement with magazine publisher a360 Media to acquire in cash the National Enquirer, the National Examiner and Globe. The transaction includes the acquisition of all print and digital assets and owned intellectual property of the National Enquirer, National Examiner and Globe. The editorial teams of a360 Media responsible for these publications will also join the joint venture. The acquisition brings more than 96 years of prized content into the Vinco multimedia ecosystem creating new opportunities for wide-scale exploitation through the company's digital, film, TV, digital and social divisions. In addition to the acquisition of the National Enquirer, National Examiner and Globe, the asset purchase agreement also gives VVIP Ventures the exclusive right for a 90-day period to discuss additional business collaborations with a360 Media. The joint venture will also enter into a multi-year service agreement for publishing, financial and distribution services with a360 Media. The closing of the acquisition is subject to certain consents and customary conditions to closing as described in the asset purchase agreement. The media and entertainment team led by Tom Ara at DLA Piper LLP negotiated and advised VVIP Ventures on the acquisition.
|
LUV | Hot Stocks06:48 EST Southwest Dispatchers and Facilities Maintenance Technicians approve CBAs - Southwest announced its Dispatchers and Facilities Maintenance Technicians have voted in favor of their new collective bargaining agreements, or CBAs. Southwest's Dispatch Employees, represented by the Transport Workers Union Local 550, or TWU 550, have voted in favor of their new contract. This agreement covers Southwest's more than 450 Flight Dispatchers, Assistant Dispatchers, Flight Superintendents, Dispatch Specialists, and Dispatch ATC Specialists and becomes amendable June 1, 2027. This agreement covers Southwest's more than 450 Flight Dispatchers, Assistant Dispatchers, Flight Superintendents, Dispatch Specialists, and Dispatch ATC Specialists and becomes amendable June 1, 2027. Southwest's 50 Facilities Maintenance Technicians maintain, modify, and repair all facilities across its system to provide attractive and functional spaces for Customers and Employees alike. This agreement becomes amendable November 16, 2027. Since October 2022, five of Southwest's union-represented workgroups have voted in favor of new collective bargaining agreements-the Appearance Technicians, Customer Service Employees, Flight Instructors, Facilities Maintenance Technicians, and Dispatch Employees.
|
AULT | Hot Stocks06:33 EST Ault plans to proceed with spin-off of securities related to Imperalis and GIGA - Ault Alliance announced that after consultation with the NYSE American, the Company is proceeding with the previous announced spin-off of securities related to Imperalis Holdings and Giga-tronics, or GIGA. The Company remains committed to issuing to its stockholders 140M shares of TurnOnGreen common stock and warrants to purchase an additional 140 million shares of TurnOnGreen common stock and 7 million shares of GIGA common stock beneficially owned by Ault Alliance. The Company will announce the record dates and payment dates of the planned dividends as it moves through the processes of filing registration statements and obtaining final regulatory approvals. Milton "Todd" Ault, III, the Company's Executive Chairman, stated, "We acknowledge stockholders have been concerned about the low trading price of the Company's common stock and have been waiting for some time to receive each of these special stock dividends. The Company has now received regulatory clarity and looks forward to working with the NYSE American to assure a smooth transition and completion of each special dividend." Ault concluded, "The Company is committed to pursuing each special dividend as soon as practicable and upon receiving the date of effectiveness of the registration statements, plans to proceed with the issuance of each special dividend."
|
BIIB SAGE | Hot Stocks06:32 EST Biogen, Sage Therapeutics: FDA accepts NDA for zuranolone - Biogen (BIIB) and Sage Therapeutics (SAGE) announced the U.S. FDA has accepted the filing of a New Drug Application for zuranolone in the treatment of major depressive disorder and postpartum depression. Zuranolone is an investigational drug being evaluated as a 14-day, rapid-acting, once-daily, oral treatment in adults with MDD and PPD. The application has been granted priority review and the FDA has assigned a Prescription Drug User Fee Act action date of August 5, 2023.
|
PLCE | Hot Stocks06:21 EST Children's Place falls 10% to $42.08 after lowering Q4 outlook
|
DELL | Hot Stocks06:18 EST Dell Technologies to reduce workforce by 5% - In a regulatory filing, Dell said that it announced to its employees reorganizations and actions to align its investments more closely with its previously discussed strategic and customer priorities. These actions will result in a reduction of approximately 5% of the company's workforce as the company continues to take prudent steps in light of a challenging global economic environment. The company expects to recognize expenses associated with these actions in the fourth fiscal quarter of fiscal 2023.
|
KBR | Hot Stocks06:11 EST KBR technology selected for green ammonia project in South America - KBR announced that its green ammonia technology, K-GreeN, has been selected by Enaex, S.A. for its HyEx green ammonia project in Chile. The HyEx project will demonstrate operational stability of production of green ammonia using renewable energy from photovoltaic power plants. Toyo Engineering Corporation will undertake front-end engineering and design work based on KBR's proprietary technology and basic engineering design.
|
AFIB | Hot Stocks06:03 EST Acutus Medical reports results from AcQForce Flutter Study - Acutus Medical announced results from the AcQForce Flutter Study "AcQForce Flutter: Force Sensing RF Ablation with Low Flow Gold Tip Catheter for Typical Flutter". Results were presented during the Late-Breaking Clinical Trials and First Report Investigations session at the AF Symposium in Boston. "We are encouraged by the positive results of the AcQForce Flutter Study and our ability to help physicians deliver more efficient ablation therapy," said David Roman, President & CEO of Acutus Medical. "The study is a critical component of our PMA submission to expand our portfolio in the United States to include a fully integrated mapping and therapy solution, and these data reinforce our conviction that AcQBlate will be an important driver of our growth plans in 2023 and over the long-term." AcQForce Flutter Study enrolled 110 patients at 21 sites globally and was designed to evaluate the safety and efficacy of the AcQBlate FORCE sensing ablation catheter and system in the treatment of right atrial typical flutter. Acute success was achieved in 94% of patients and there were no serious adverse events. Ablation time was 13.5 +/- 10.0 minutes, 33% less than comparative systems (20.0 +/- 14.0 min in BLOCK-CTI). AcQBlate required only 250.4 +/- 172.2 ml of irrigation during the procedure, significantly less than comparative systems (699 +/- 386 min in BLOCK-CTI). Overall, the study demonstrated comparable outcomes to historic controls with significantly shorter ablation time and lower fluid volumes. Acutus submitted its premarket approval application for the AcQBlate FORCE sensing ablation catheter and system on October 3, 2022 and is currently under review.
|
FANH | Hot Stocks05:50 EST Fanhua to acquire 51% of equity interests in Zhongji - Fanhua announced that it has signed a definitive agreement with the existing shareholders of Jilin Zhongji Shi'An Insurance Agency to acquire 51% of the equity interests of Zhongji. The transaction is expected to be completed in the first quarter of 2023, subject to certain customary conditions. Pursuant to the agreement, the company will acquire 51% of the equity interests of Zhongji with a stock consideration of up to 683,036 American Depositary Shares. Zhongji is estimated to generate gross written premium of approximately RMB 208M and net income of RMB 15M in 2025, representing a compound annual growth rate of approximately 16% and 44%, respectively, from 2023 to 2025. The stock consideration, adjustable based on the achievement of certain performance targets in the next three years by Zhongji, is subject to a lock-up period of three years and will be released from lock-up in two batches after 2025. Zhongji is the largest insurance agency in Jilin Province, China, which registered over RMB 100M gross written premiums in 2022.
|
NEM | Hot Stocks05:30 EST Newmont submits proposal to acquire Newcrest Mining - Newmont confirmed it has submitted a non-binding proposal to acquire 100% of the issued share capital of Newcrest Mining by way of a scheme of arrangement. The proposed transaction would combine two of the sector's senior gold producers. Newmont's proposal to combine with Newcrest is on the basis of 0.380 Newmont shares per Newcrest share, which would result in the combined company being 30% owned by Newcrest and 70% owned by Newmont. Newmont's proposal is subject to certain customary conditions, including due diligence to the satisfaction of both parties, entry into a scheme implementation agreement and a recommendation from the Newcrest board of directors that Newcrest shareholders vote in favor of the proposal.
|
UMC | Hot Stocks05:26 EST UMC reports January revenue NT$19.59M, down 4.31%
|
ADXN JNJ | Hot Stocks05:15 EST Addex Therapeutics completes enrollment in part one of ADX71149 trial - Addex Therapeutics (ADXN) announced that enrollment into Part 1 of the Phase 2 clinical study of ADX71149 for the treatment of epilepsy has been completed. ADX71149 is a selective metabotropic glutamate type 2, or mGlu2, receptor positive allosteric modulator, or PAM. The trial is being conducted by Janssen Pharmaceuticals, part of Johnson & Johnson (JNJ). Data from Part 1 will now be evaluated by an independent interim review committee, or IRC, to ensure the study remains blinded. Based on the outcome of this review and recommendations from the IRC, Janssen will evaluate next steps for the program.
|