Stockwinners Market Radar for February 10, 2023 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service

APRE

Hot Stocks

19:50 EST Aprea Therapeutics trading halted, news pending
HE

Hot Stocks

19:01 EST Hawaiian Electric raises quarterly dividend to 36c from 35c per share - Payable March 10 to shareholders of record at the close of business on February 23, with ex-dividend date of February 22.
CSX

Hot Stocks

17:16 EST CSX reaches agreement with IAM, NCFO on paid sick leave - CSX announced that it has reached an agreement with two additional railroad unions to provide paid sick leave to its employees. The agreements were reached with the International Association of Machinists and Aerospace Workers (IAM), which represents railroad machinists, and the National Conference of Firemen and Oilers (NCFO), which represents the company's utility workers. The new contracts are demonstrative of CSX's commitment to continue working with its employees and their representatives to improve the work experience of its employees. CSX recently announced contractual agreements with two other unions - the Brotherhood of Maintenance of Way and Brotherhood of Railway Carmen - with provisions of paid sick leave. Joe Hinrichs, president and chief executive officer of CSX said, "CSX is very much committed to the wellbeing of all of our employees and their families. We have a great respect for the work they do in service to our customers and the nation, and we will continue to partner with them and their representatives to ensure they have the best possible employment experience with our railroad. We appreciate the collaboration with IAM and NCFO, and are proud of the momentum we are building with our union partners to find solutions by working together."
FATP

Hot Stocks

17:01 EST Fat Projects Acquisition to extend deadline to complete business combination - Fat Projects Acquisition announced that it has notified Continental Stock Transfer and Trust Company that it intends to extend the deadline to complete its initial business combination from February 15 to March 15 by depositing $312,899.94 into its Trust Account by February 15. This is the second of up to six 1-month extensions that FATP is authorized to obtain under the amendment to its Amended and Restated Memorandum and Articles of Association approved by its Shareholders on January 13.
BGRY SFTBY

Hot Stocks

16:53 EST Berkshire Grey confirms receipt of indication of interest from SoftBank Group - Berkshire Grey (BGRY) confirmed that it has received a non-binding indication of interest from SoftBank Group (SFTBY) to acquire all of the outstanding capital stock of the company for $1.30 per share in cash. The terms of any potential agreement between Berkshire Grey and SoftBank would be contingent on certain conditions, including completion of due diligence review and negotiation of definitive transaction documents. Berkshire Grey also noted that it is currently evaluating various alternative options, including potential financing transactions. Berkshire Grey's board of directors will carefully evaluate SoftBank's indication of interest within the context of the ongoing review of various alternatives and in consultation with its financial and legal advisors. No assurance can be given that a definitive transaction with respect to SoftBank's indication of interest or any other potential transaction will eventually be consummated. Berkshire Grey does not intend to make further announcements about any of the various alternatives that are being evaluated unless and until the board of directors has approved a specific transaction or otherwise determines that further disclosure is appropriate or necessary.
ZIVO

Hot Stocks

16:41 EST Zivo Bioscience reports results from coccidiosis trial in broiler chickens - Zivo Bioscience announced the results of a four-month study performed by a third party on behalf of a potential partner company, which included a 42-day coccidiosis trial in broiler chickens. The study evaluating the Company's novel immune-modulating biologic for treating coccidiosis in broiler chickens produced questionable results due to a high disease burden among tested chickens. The pathogen inoculation used in the study produced an unexpectedly strong and concentrated disease challenge that resulted in a mortality rate 4-5 times higher than a typical study, and not representative of conditions expected in commercial broiler production houses. Despite efforts to titrate the inoculum in advance to assure an appropriate study environment, the disease burden was elevated far beyond naturally occurring or target study conditions. Based on numerous previously successful trials that more closely replicated disease levels observed in commercial production facilities, ZIVO remains confident that its novel product for broiler chickens represents a disruptive solution to coccidiosis, one of the most significant challenges facing the global poultry industry.
APM

Hot Stocks

16:32 EST Aptorum Group regains compliance with Nasdaq minimum bid price - Aptorum Group Limited announced that it has received two notifications from the Nasdaq Stock Market LLC Listing Qualifications Department informing the company that it has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5450(a)(1), and it does not currently meet the minimum market value of publicly held shares of $5,000,000 under Nasdaq Listing Rule 5450(b)(1)(C). The Nasdaq deficiency letter under Rule 5450(b)(1)(C) has no immediate effect on the listing of the company's Class A Ordinary Shares, and its Class A Ordinary Shares will continue to trade on The Nasdaq Global Market under the symbol "APM" at this time. In accordance with Nasdaq Listing Rule 5810(c)(3)(D), the company has been given 180 calendar days, or until August 7, 2023, to regain compliance with Rule 5450(b)(1)(C). If at any time before August 7, 2023, the company's MVPHS closes at $5,000,000 or more for a minimum of 10 consecutive business days, Nasdaq will provide written confirmation that the company has achieved compliance and the matter will be closed.
REE

Hot Stocks

16:31 EST Ree Automotive receives notice of deficiency from Nasdaq - Ree Automotive announced that it received a notice of deficiency from the Nasdaq Stock Market. The non-compliance cited by Nasdaq in the Notice is the result of the previously-announced departure of Lilach Geva-Harel from her position on the audit committee of the company's board of directors. With the departure of Lilach Geva-Harel, the company is currently not in compliance with Nasdaq Listing Rule 5605(c)(2)(A) requiring three members on its audit committee.
VMC

Hot Stocks

16:31 EST Vulcan Materials raises quarterly dividend 7.5% to 43c from 40c per share - The dividend will be payable on March 20 to shareholders of record at the close of business on March 6.
PCG

Hot Stocks

16:22 EST PG&E names Sumeet Singh as COO, effective March 1 - PG&E announced that Sumeet Singh, an operational leader with more than 20 years' experience at PG&E, will assume the role of Executive Vice President, Operations and COO for the Utility, effective March 1. Singh currently serves as the company's Executive Vice President, Chief Risk Officer and Chief Safety Officer, and was elected by the Utility's Board of Directors to the new role.
AMH

Hot Stocks

16:20 EST American Homes 4 Rent raises quarterly distribution 22% to 22c per share - The distribution will be payable in cash on March 31 to shareholders of record on March 15.
PEAK

Hot Stocks

16:08 EST Healthpeak announces closing of holding company reorganization - Healthpeak Properties announced the completion of its holding company reorganization, which restructured the company as an Umbrella Partnership Real Estate Investment Trust, or UPREIT. The Reorganization provides additional flexibility for the company to efficiently acquire properties in a tax-deferred manner and aligns the company's corporate structure with other publicly traded U.S. real estate investment trusts. The UPREIT structure allows owners to contribute property on a tax-deferred basis, subject to applicable tax requirements. As part of the Reorganization, a new holding company became the publicly traded parent company by way of an intercompany merger, assuming the existing name of "Healthpeak Properties, Inc.," while the prior corporation converted to a limited liability company called "Healthpeak OP, LLC" controlled by the publicly traded parent company. The Reorganization is not anticipated to have any material impact on the company's financial position and is not expected to result in any material changes to the company's consolidated financial statements, outstanding debt securities, material debt facilities, or business operations. All shares of common stock of Old Healthpeak automatically converted into identical shares of the company as part of the Reorganization, and the Reorganization will not impact the payment of the dividends declared by the company's board of directors and payable to stockholders of record in accordance with previously announced dividend payment dates in respect of the company's common stock.
MAR

Hot Stocks

16:05 EST Marriott names CEO Capuano as president and CEO - Marriott said its board has appointed current CEO, Anthony "Tony" Capuano, as President and CEO effective February 24, 2023. As previously announced, Marriott's current President, Stephanie Linnartz, will be stepping down to become CEO of Under Armour.
AEHAU

Hot Stocks

15:44 EST Aesther Healthcare Acquisition Corp. trading resumes
AEHAU

Hot Stocks

15:39 EST Aesther Healthcare Acquisition Corp. trading halted, volatility trading pause
COKE

Hot Stocks

14:25 EST Coca-Cola Consolidated Teamsters at Kentucky facility reject contract offer - Coca-Cola Consolidated workers in Erlanger, Kentucky, have "overwhelmingly" voted down a contract that the company called its "last, best, and final offer." The 120 workers at CCI represented by Teamsters Local 1199 "have been trying to negotiate their first contract with the Coca-Cola bottler and distributor for over a year," the union stated in a press release.
ADRA

Hot Stocks

13:36 EST Alliance Entertainment completes business combination with Adara Acquisition - Alliance Entertainment, a distributor and wholesaler of music, movies, video games, electronics, arcades, and collectibles, and Adara Acquisition Corp., a special purpose acquisition corporation, have completed the previously announced business combination which was approved at an extraordinary general meeting of Adara's shareholders on January 18. Beginning on February 13, Alliance Entertainment's shares and warrants will be quoted on the OTC under the ticker symbols "ADRA" and "ADRA WS", respectively. Concurrent with Alliance Entertainment's OTC quotation, Adara Acquisition Corp. has been delisted from the NYSE American. Alliance Entertainment also intends to seek to list on the Nasdaq Capital Market as soon as practicable after the close of the business combination and subject to satisfying the conditions for initial listing. Chairman Bruce Ogilvie and CEO Jeff Walker will continue to lead the combined company, along with its current management team. This transaction values Alliance Entertainment at approximately $480M. "We believe that today's milestone combined with our strong revenue growth, expanding customer base and product offering, and several successful acquisitions, will help accelerate our future expansion initiatives. Alliance Entertainment today is well positioned to continue to capitalize on shifts towards eCommerce and Omni-Channel strategies, especially with retailers and manufacturers vastly increased reliance on their DTC, or Direct to Consumer, fulfillment and distribution partners. We are at an inflection point that now positions us to execute a multi-prong growth strategy that we expect will deliver a double-digit revenue growth rate with strong cash generation to the bottom line," said Jeff Walker, CEO of Alliance Entertainment.
BKR

Hot Stocks

13:02 EST Baker Hughes reports U.S. rig count up 2 to 761 rigs - Baker Hughes reports the U.S. rig count is up 2 from last week to 761, with oil rigs up 10 to 609, gas rigs down 8 to 150 and miscellaneous rigs unchanged at 2. The U.S. rig count is up 126 rigs from last year's count of 635, with oil rigs up 93, gas rigs up 32 and miscellaneous up 1.
GNUS

Hot Stocks

13:01 EST Genius Brands announces 1-for-10 reverse stock split - Genius Brands International will effect a 1-for-10 reverse stock split of its outstanding common stock, which will be effective for trading purposes as of the commencement of trading on February 13, 2023. The reverse stock split was approved by the Board of Directors of the Company in accordance with Nevada law and is intended to increase the per share trading price of the Company's common stock to satisfy the $1.00 minimum bid price requirement for continued listing on The Nasdaq Capital Market. The Company's common stock will continue to trade on the Nasdaq Capital Market under the symbol "GNUS" and under a new CUSIP number, 37229T 509. As a result of the reverse stock split, every 10 pre-split shares of common stock outstanding will become one share of common stock, with each shareholder's pro rata ownership of the Company remaining the same. The reverse stock split will proportionately reduce the number of shares of authorized common stock from 400,000,000 to 40,000,000 shares. The reverse split will also apply to common stock issuable upon the exercise of the Company's outstanding warrants and stock options.
ADRA

Hot Stocks

12:29 EST Adara Acquisition Corp trading halted, news pending
AEE

Hot Stocks

12:17 EST Ameren boosts quarterly dividend to 63c per share from 59c - Ameren declared a quarterly cash dividend on its common stock of 63c per share, a 7% increase from the prior quarterly cash dividend of 59c per share, resulting in an annualized equivalent dividend rate of $2.52 per share. The previous annualized equivalent dividend rate was $2.36 per share. "Today's increase affirms the Ameren Board of Directors' confidence in our sustained long-term growth strategy, which includes a robust pipeline of future investments that will continue to modernize the grid, enable our transition to a cleaner energy future, drive increasing value for our customers and provide strong returns for our shareholders," the company said in a statement. Ameren anticipates dividend growth will be in line with the company's long-term earnings per share growth expectations and within a payout ratio of 55% to 70%. The common share dividend is payable March 31, 2023, to shareholders of record at the close of business on March 15, 2023.
PFE

Hot Stocks

12:11 EST Pfizer announces FDA approval of sNDA for CIBINQO - Pfizer announced that the United States Food and Drug Administration approved its supplemental New Drug Application for CIBINQO, expanding its indication to include adolescents with refractory, moderate-to-severe atopic dermatitis whose disease is not adequately controlled with other systemic drug products, including biologics, or when use of those therapies is inadvisable. CIBINQO was previously approved only for the treatment of adults 18 years and older. The CIBINQO prescribing information was updated to include data from JADE TEEN, a Phase 3, randomized, placebo-controlled clinical trial. JADE TEEN, which supported the expanded indication, evaluated both the 100 mg and 200 mg doses of CIBINQO versus placebo in adolescents 12 to less than18 years of age with moderate-to-severe AD while also on background therapy with topical medications. The trial evaluated measures of improvements in skin clearance, itch, disease extent, and severity, including the Investigator Global Assessment, Peak Pruritus Numerical Rating Scale, and Eczema Area and Severity Index.
ELVT

Hot Stocks

12:10 EST Elevate Credit says ISS, Glass Lewis recommend stockholders vote 'for' deal - Elevate Credit announced that independent proxy advisory firms Institutional Shareholder Services Inc., or "ISS," and Glass, Lewis & Co. have each recommended that stockholders vote "for" the previously announced all-cash acquisition of the company by an affiliate of Park Cities Asset Management at the company's upcoming special meeting of stockholders scheduled for February 15. As previously announced, the company and an affiliate of Park Cities have entered into a definitive merger agreement pursuant to which each outstanding share of common stock of the company, other than certain shares as set forth in the merger agreement, will be converted into the right to receive $1.87 per share. The all-cash transaction values the equity of the company at approximately $67M, inclusive of the equity expected to be rolled over in the transaction by certain members of management. The transaction, which was approved by the Elevate board of directors, is expected to close in the first quarter of 2023, subject to closing conditions specified in the merger agreement. All regulatory approvals required as conditions to the proposed merger have been obtained, Elevate said.
COUR

Hot Stocks

12:00 EST Coursera falls -16.2% - Coursera is down -16.2%, or -$2.40 to $12.36.
KN

Hot Stocks

12:00 EST Knowles falls -16.7% - Knowles is down -16.7%, or -$3.15 to $15.71.
ODV

Hot Stocks

12:00 EST Osisko Development falls -18.1% - Osisko Development is down -18.1%, or -$1.01 to $4.58.
AYX

Hot Stocks

12:00 EST Alteryx rises 10.1% - Alteryx is up 10.1%, or $6.09 to $66.18.
OSCR

Hot Stocks

12:00 EST Oscar Health rises 22.1% - Oscar Health is up 22.1%, or 84c to $4.64.
PRLB

Hot Stocks

12:00 EST Protolabs rises 23.3% - Protolabs is up 23.3%, or $7.11 to $37.53.
MHUA

Hot Stocks

11:53 EST Meihua International Medical Tech Co Ltd trading resumes
BTCS...

Hot Stocks

11:50 EST BTCS clarifies staking operations in response to SEC complaint against Kraken - BTCS clarified in a press release how StakeSeeker, its non-custodial staking-as-a-service platform, differs from other industry staking programs after the Securities and Exchange Commission on February 9 charged Kraken with failing to register the offer and sale of their crypto asset staking-as-a-service program. BTCS's non-custodial staking-as-a-service platform, StakeSeeker, "differs from Kraken's custodial model in several key material ways," the company stated. Charles Allen, BTCS's CEO, said: "When you stake with us, you are not an investor in our platform. You are a delegator to our nodes. If we go bankrupt, you do not get in line because we don't have your crypto assets, you unstake them and move on. As the oldest public company in the crypto and blockchain sector, we've learned many lessons over the years. For example, we once held crypto at Mt. Gox but luckily withdrew it prior to its implosion. We learned from that near miss in 2014 and keep minimal crypto at exchanges." The company added: "When you stake with us, you are participating in a blockchain's consensus mechanism, and you do not transfer ownership of your crypto assets to us. In light of recent failures such as FTX, Blockfi, and Celsius we encourage investors and crypto enthusiasts alike to learn about the value proposition of our non-custodial staking model. Your keys, your crypto, stake (not steak) with us. Many investors ask why we don't offer staking for Ethereum, and the reason is simple. It's a proof-of-stake blockchain, not a delegated proof-of-stake blockchain, and in our opinion, there isn't currently a clear path to offer Ethereum staking without inadvertently creating a security. While we believe our non-custodial staking does not create securities, we can provide no assurances that either the SEC or other regulatory authorities will agree."
MHUA

Hot Stocks

11:48 EST Meihua International Medical Tech Co Ltd trading halted, volatility trading pause
BMY TSVT

Hot Stocks

11:18 EST Bristol-Myers, 2seventy Bio present results from KarMMa-3 studyof Abecma - Bristol Myers Squibb (BMY) and 2seventy bio (TSVT) announced the first publication and presentation of results from KarMMa-3, a pivotal Phase 3, open-label, global, randomized, controlled study evaluating Abecma compared with standard combination regimens in adults with relapsed and refractory multiple myeloma after two to four prior lines of therapy, including an immunomodulatory agent, a proteasome inhibitor, and an anti-CD38 monoclonal antibody, and who were refractory to their last regimen. Data from KarMMa-3 are being published in The New England Journal of Medicine and simultaneously presented at the EBMT and the European Hematology Association's 5th European CAR T-cell Meeting on Friday, February 10 in an oral presentation during the Best Abstract Session. At a median follow up of 18.6 months, treatment with Abecma demonstrated a clinically meaningful and statistically significant improvement in the primary endpoint of progression-free survival compared with standard regimens, with a median PFS of 13.3 months vs. 4.4 months, respectively. This represents a 51% reduction in risk of disease progression or death with Abecma. Based on results from KarMMa-3, Abecma is the first and only chimeric antigen receptor T cell therapy to demonstrate superiority over standard regimens in triple-class exposed relapsed and refractory multiple myeloma in a randomized, controlled Phase 3 trial. Results for the key secondary endpoint of overall response rate also met statistical significance with the majority of patients treated with Abecma achieving a response, and 39% achieving a complete response or stringent complete response. In comparison, less than half of patients who received standard regimens achieved a response, with 5% experiencing a complete response or stringent complete response. Responses with Abecma were durable with a median duration of 14.8 months compared with 9.7 months for standard regimens. Clinical benefit with Abecma was consistently observed across difficult-to-treat subgroups. Abecma exhibited a consistent and generally predictable safety profile, including no new safety signals, with mostly low-grade occurrences of cytokine release syndrome and neurotoxicity. In patients treated with Abecma, 88% experienced any grade CRS, with Grade 3/4 events occurring in 4% of patients. Two patients experienced a Grade 5 CRS event. Median time to onset of CRS was 1 day and median duration of CRS was 3.5 days. Any grade neurotoxicity occurred in 15% of patients, with Grade 3/4 neurotoxicity occurring in 3% of patients, and no Grade 5 events reported. Median time to onset of neurotoxicity was 3 days and median duration of neurotoxicity was 2 days. Bristol Myers Squibb and 2seventy bio intend to include these data in a planned supplemental Biologics License Application submission to the U.S. Food and Drug Administration in 2023.
EOLS

Hot Stocks

11:09 EST Evolus says not affected by recent Korean court ruling - Evolus issued the following statement: "Earlier today, the Seoul Central District Court ruled in favor of Medytox, Inc. related to a long-standing trade secret dispute between Medytox and Daewoong Pharmaceutical Co. The recent ruling by the Seoul Central District Court does not affect Evolus' ability to have Jeuveau or Nuceiva manufactured and exported by Daewoong or to sell the products in any of its markets. As part of Evolus' global settlement with Medytox in February 2021, the parties resolved all litigation between the two parties and specifically stated that any Korean litigation between Medytox and Daewoong would not affect the supply of Jeuveau or Nuceiva. The rights granted to Evolus under the settlement include the right to have Jeuveau and Nuceiva manufactured and exported by Daewoong to Evolus and for Evolus to continue to commercialize the product."
MGA

Hot Stocks

10:00 EST Magna falls -11.7% - Magna is down -11.7%, or -$7.56 to $57.03.
DOCS

Hot Stocks

10:00 EST Doximity falls -11.9% - Doximity is down -11.9%, or -$4.32 to $32.09.
KN

Hot Stocks

10:00 EST Knowles falls -14.5% - Knowles is down -14.5%, or -$2.73 to $16.13.
AYX

Hot Stocks

10:00 EST Alteryx rises 13.5% - Alteryx is up 13.5%, or $8.11 to $68.20.
OSCR

Hot Stocks

10:00 EST Oscar Health rises 16.3% - Oscar Health is up 16.3%, or 62c to $4.42.
PRLB

Hot Stocks

10:00 EST Protolabs rises 21.6% - Protolabs is up 21.6%, or $6.57 to $37.00.
HMBL

Hot Stocks

09:58 EST HUMBL launches HUMBL Wallet - HUMBL announced that HUMBL has delivered a mobile wallet offering digital assets, a search engine and verified social media profiles in one application. The HUMBL Wallet is now approved and available on the Apple App Store in over 140 countries.
HMBL

Hot Stocks

09:48 EST HUMBL announces spin-off of Tickeri, focus on core technology - HUMBL announced the spin-off of Tickeri, Inc. in a strategic move to focus resources exclusively on developing and releasing HUMBL's own core technologies and customer funnel. Spinning off this subsidiary allows HUMBL to tailor capital allocation strategies, reduce burn rate and make company-specific investment decisions to drive long term growth and value In an agreement executed with the Tickeri founders on January 31, 2023, the parties mutually released all liabilities and the Tickeri assets were transferred back to its founders, cancelling related promissory notes. The spin-off will strengthen HUMBL's balance sheet by significantly reducing company debt by $10,852,916 and enhancing shareholder's equity. Although this subsidiary provided top-line gross revenues to the Company, this ultimately did not result in bottom-line profits and actually increased day-to-day operating expenses for HUMBL. Divesting of this subsidiary will help to reduce operating losses each fiscal quarter. Focusing on the Company's core technology will help to lower overhead and the reliance on dilutive financing.
SLVM

Hot Stocks

09:47 EST Sylvamo falls -10.4% - Sylvamo is down -10.4%, or -$4.92 to $42.60.
MGA

Hot Stocks

09:47 EST Magna falls -10.7% - Magna is down -10.7%, or -$6.90 to $57.69.
OSK

Hot Stocks

09:47 EST Oshkosh falls -12.1% - Oshkosh is down -12.1%, or -$12.29 to $88.97.
YELP

Hot Stocks

09:47 EST Yelp rises 8.1% - Yelp is up 8.1%, or $2.49 to $33.34.
AYX

Hot Stocks

09:47 EST Alteryx rises 13.4% - Alteryx is up 13.4%, or $8.07 to $68.16.
PRLB

Hot Stocks

09:47 EST Protolabs rises 21.6% - Protolabs is up 21.6%, or $6.57 to $37.00.
GFAI

Hot Stocks

09:38 EST Guardforce AI Co Ltd trading resumes
APDN

Hot Stocks

09:35 EST Applied DNA Sciences announces NYS award valued at up to $1.5M - Applied DNA Sciences announced the receipt of an up to $1.5M award from New York State's Empire State Development agency. The award is provided by ESD under the Excelsior Jobs Program for qualifying net new job creation as refundable employee tax credits claimed over a benefit period of up to 10 years. It will be used by Applied DNA to support the ongoing development and establishment of the enzymatic production of cGMP linearDNA for use in the manufacture of genetic medicines.
GFAI

Hot Stocks

09:33 EST Guardforce AI Co Ltd trading halted, volatility trading pause
SAI

Hot Stocks

09:24 EST SAITECH purchases 420 Whatsminer bitcoin mining machines - SAI.TECH announced that its subsidiary has entered into a purchase order of 420 Whatsminer M30s++ bitcoin mining machines for $633,360. Sustainable Available Innovative Limited has entered into a purchase order with Cloud Ridge Technology to purchase 420 Whatsminer M30s++ bitcoin mining machines for $633,360, or approximately $14.50 per terahash for self-mining utility. All these 420 mining machines were received by the company during the first week of February. After the full deployment of the 420 Whatsminer M30s++ miners, SAI.TECH estimates its total operational hash rate capacity will increase by 43.68 PH/s but will only load approximately 1.35 MW of power thanks to the machines' extraordinary power efficiency of 31W/T.
RMED

Hot Stocks

09:23 EST Ra Medical Systems announces date of special shareholder meeting - Ra Medical Systems announced the date of March 21, 2023 as the date of its special shareholder meeting. Shareholders of record as of February 3, 2023 are entitled to vote at the meeting. Among other items, shareholders are requested to vote in favor of a previously announced $8 million private financing, and to vote in favor of the conversion of RMED preferred stock into common stock, the majority of which will not be converted until mid-2024, at the earliest. The preferred stock was issued in connection with the acquisition of Catheter Precision, Inc., earlier this year.
DSX

Hot Stocks

09:22 EST Diana Shipping announces time charter contract for m/v San Francisco - Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with SwissMarine Pte. Ltd., Singapore, for one of its Newcastlemax dry bulk vessels, the m/v San Francisco. The gross charter rate is $22,000 per day, minus a 5% commission paid to third parties, for a period until minimum January 5, 2025 up to maximum March 5, 2025. The charter is expected to commence on February 19, 2023. The "San Francisco" is a 208,006 dwt Newcastlemax dry bulk vessel built in 2017. The employment of "San Francisco" is anticipated to generate approximately $14.89M of gross revenue for the minimum scheduled period of the time charter.
MANU

Hot Stocks

09:18 EST Manchester United suitors unsure Glazer family wants full club sale, ESPN says - Potential bidders for Manchester United believe the club's owners, the Glazer family, are aiming to secure a partner investor rather than a full sale of their controlling stake in the team, sources tell ESPN's Mark Ogden and Rob Dawson. Raine Group, the investment bank overseeing the process to either sell the club or attract a substantial new investment, have set a February 17 "soft deadline" for potential investors to register their interest and Britain's richest man, Jim Ratcliffe, is the only confirmed bidder in the process, though there has been reported interest from Qatar and Saudi Arabia in buying or investing, the report noted. Reference Link
LNZA

Hot Stocks

09:17 EST LanzaTech begins trading on Nasdaq Stock Exchange - LanzaTech Global, formerly known as AMCI Acquisition Corp. II, will begin trading today, February 10, 2023 on Nasdaq. Shares of LanzaTech's common stock will trade on Nasdaq under the ticker symbol LNZA and its public warrants are to begin trading on Nasdaq under the ticker symbol LNZAW.
PFDR MVLA

Hot Stocks

09:07 EST Movella announces closing of business combination with Pathfinder Acquisition - Movella Holdings announced the completion of its previously announced business combination with Pathfinder Acquisition (PFDR), a special purpose acquisition company. The Business Combination was approved by the respective Boards of Directors and shareholders of Pathfinder and Movella. The combined company will operate as "Movella Holdings Inc.", and its common stock and warrants are expected to begin trading on the Nasdaq Stock Market under the ticker symbol "MVLA" and "MVLAW", respectively, on February 13, 2023. "With the completion of this combination, Movella can further invest in its world-class technology and talent to accelerate growth and capture exciting opportunities in emerging growth markets such as the metaverse, as well as its core growth markets," said David Chung, CEO of Pathfinder, who will become a director on Movella's Board. "We are honored to partner with Ben and the Movella management team to continue bringing great solutions to market and shape the industry." Transaction Overview: The Business Combination values Movella at a pro forma enterprise value of $504M. Existing shareholders of Movella, including Kleiner Perkins, GIC and Columbia Threadneedle, rolled 100% of their ownership into the combined company. The transaction was supported by $75M of financing from affiliates of Francisco Partners, a leading technology focused private investment firm with over $45B of cumulative committed capital. Under the terms of the investment, FP acquired $75M of Pathfinder common stock prior to closing through a direct placement of Pathfinder stock. Under the terms of the financing, Movella issued to FP a 5-year PIK note. This structure gives Movella the right to direct the sale of FP's purchased stock into the public market at any time following the closing of the transaction until the repayment or prepayment of the note, the proceeds of which will provide material credits against the note balance at a repayment or refinancing event.
MEG

Hot Stocks

08:53 EST Montrose Environmental acquires Environmental Alliance, terms undisclosed - Montrose Environmental announced the acquisition of Environmental Alliance. EAI's senior team will continue with Montrose and will join the Environmental Consulting & Engineering Division led by senior VP Sean Rome, which reports into the company's Remediation and Reuse segment. Terms of the transaction were not disclosed. Founded in Delaware in 1991, EAI is a full-service environmental engineering and consulting firm, providing environmental services to public and private sector clients. The firm offers comprehensive environmental solutions to the real estate market, brownfield developers, oil and gas industry, and all industries in the environmental remediation market. EAI has completed thousands of remediation and environmental consulting projects, and maintains offices in Wilmington, Delaware; Edison, New Jersey; Glen Burnie, Maryland; and Richmond, Virginia.
AMPS...

Hot Stocks

08:49 EST Altus Power, CBRE and Blackstone advance Community Solar Partnership Program - Altus Power (AMPS) announced, in partnership with Blackstone (BX) and CBRE (CBRE), Altus Power has advanced its Community Solar Partnership Program for large enterprises by offering each company's employees the opportunity to subscribe to the benefits of clean electricity from solar arrays owned and operated by Altus Power. Employees who subscribe to Altus Power's Community Solar Partnership Program will receive a discount on the power they use compared with their local utility, generating savings on their monthly utility bills while also supporting the transition to clean energy. The Community Solar Partnership Program has been implemented in New York City and Westchester County, New York, where employees from both CBRE and Blackstone's programs were selected and are currently benefitting from credits on their electricity bills driven by energy that is generated by Altus Power from its Zerega community solar project. Zerega generates clean electricity locally on the rooftop of a large self-storage facility in the Bronx, New York. Altus Power and CBRE plan to extend the program to employees in Hawaii, Maryland and New Jersey where Altus Power is developing additional solar assets tailored to community solar customers. There is additional potential for expansion of this partnership in Minnesota, Massachusetts and Illinois, where Altus Power also has assets serving community solar customers.
AYR

Hot Stocks

08:47 EST Aircastle delivers first B737-800SF - Aircastle announced that it delivered its first B737-800 following its passenger-to-freighter conversion which was completed by Aeronautical Engineers at the Kelowna Flightcraft LTD facility in Canada. The newly converted B737-800SF was delivered to Compass Cargo Airlines Limited in Goodyear, Arizona.
BLNK HTZ

Hot Stocks

08:47 EST Blink Charging partners with Hertz for EV charging during Big Game - Blink Charging (BLNK) has teamed up with Hertz (HTZ) to provide FREE EV charging to Hertz customers renting electric vehicles while visiting for the big game over the weekend in the greater Phoenix area. The demand for rental cars during large, high-profile events increases significantly, and Hertz has brought in additional EV rentals to meet that need. To help customers charge their EV rentals, Blink is providing free, reliable, fast charging to customers who rent from all Phoenix-area Hertz locations. As drivers pick up their EV from participating Hertz locations, they will receive a Blink activation card that can be used for charging at the many publicly available Blink chargers in the greater Phoenix area for free until 12:00 a.m. MST, Tuesday, February 14.
NDSN

Hot Stocks

08:45 EST Nordson CHRO Shelly Peet to retire, Sarah Siddiqui to succeed - Nordson announced that Sarah Siddiqui has been named executive vice president and chief human resources officer, effective February 20. Siddiqui succeeds Shelly Peet, who had previously announced her intention to retire. Siddiqui will be responsible for leading Nordson's global human resources organization and furthering the company's Ascend talent strategy while also overseeing the company's community relations and foundation work.
PCSA

Hot Stocks

08:44 EST Processa Pharmaceuticals announces $6.25M registered direct offering - Processa Pharmaceuticals announced that it has entered into definitive agreements with retail investors for the purchase and sale of 7,812,544 common shares at a purchase price of $0.80 per share in a registered direct offering priced at the market under the Nasdaq rules. The closing of the offering is expected to occur on or about February 14, 2023, subject to the satisfaction of customary closing conditions. Spartan Capital Securities, LLC acted as the sole placement agent for this transaction. The gross proceeds to the Company from the registered direct offering are expected to be $6.25 million, before deducting the placement agent's fees and other offering expenses payable by the Company. The Company intends to use the net proceeds from this offering for future clinical trials, research and development expenses, and for working capital and other general corporate purposes.
NWL

Hot Stocks

08:42 EST Newell Brands falls 7% to $13.57 after Q1, FY23 guidance miss estimates
RUSA WEL

Hot Stocks

08:34 EST Refreshing USA to go public via merger with Integrated Wellness Acquisition - Refreshing USA and Integrated Wellness Acquisition Corp announced they have entered into a definitive agreement and plan of merger. Under the Merger Agreement, IWAC Holdings Inc., a newly formed Delaware corporation, will acquire both Refreshing USA and Integrated Wellness and upon the closing of the proposed transaction, Pubco will operate under the "Refreshing USA" name and is expected to be listed on New York Stock Exchange under the new ticker symbol "RUSA." Refreshing USA is a national US independent automated and unattended retailer in synch with retail automation trends and labor concerns throughout the world. Refreshing USA was established in 2020 with the goal of revolutionizing the convenience services industry and to deliver the perfect refreshment experience with state-of-the-art equipment, fresh and appealing products, and unparalleled service. Following the Transaction, Refreshing USA will continue to be led by its highly experienced leadership team of growth experts, including Ryan Wear, Founder and Chief Executive Officer; Jeremy Briggs, Director of Finance; Doug Potts, Director of Administration; Mike Melton, Director of Operations; Bryce Froberg, Director of Sales and Marketing; and Nickolas Streeter, Director of Research and Development. Under the terms of the Merger Agreement, the Transaction is valued at an estimated pro-forma enterprise value of approximately $197.97 million. At close, Refreshing USA expects up to $105.78 million of gross cash proceeds, assuming no redemptions by Integrated Wellness' shareholders, and intends to use net proceeds to fund continuing growth and expansion of the business, both organically and via acquisitions. Upon completion of the Transaction, Refreshing USA shareholders will retain 100% of their equity and own 52.67% of the pro forma company at closing, in each case assuming no redemptions by Integrated Wellness' public shareholders. The Transaction is expected to close in the first half of 2023 and is subject to approval by Integrated Wellness' shareholders, regulatory approval, and other customary closing conditions.
PBPB

Hot Stocks

08:31 EST Potbelly announces replacement of short-term revolver with five-year term loan - Potbelly announced it closed on a new $25M senior secured term loan that matures on February 7, 2028, led by Sagard. A portion of the proceeds were used to retire the existing revolving credit facility with J.P. Morgan. The remaining proceeds will be used to fund working capital and for general corporate purposes, including capital expenditures. The Facility also allows the Company to enter into an additional $5M revolving credit facility with third party lenders, subject to customary terms and conditions. William Blair acted as the exclusive financial advisor to Potbelly Corporation on the transaction.
TROW

Hot Stocks

08:30 EST T. Rowe Price reports preliminary AUM $1.35T at January 31 - Preliminary net outflows for January 2023 were $5.7B.
INCY

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08:25 EST Incyte announces 52-week results from povorcitinib trial - Incyte announced new 52-week results from a Phase 2 study evaluating the efficacy and safety of povorcitinib, an oral JAK1 inhibitor, in adult patients with hidradenitis suppurativa, or HS. These data were presented as an oral presentation at the 12th Conference of the European Hidradenitis Suppurativa Foundation, held from February 8-10, 2023, in Florence, Italy. The study previously met its primary endpoint, demonstrating that at Week 16 - the double-blind, placebo-controlled portion of the study - patients receiving povorcitinib once daily, or QD, had significantly greater decreases from baseline in Abscess and Inflammatory Nodule, or AN, count versus placebo. New results at Week 52, which include the 36-week open-label extension period during which all patients received povorcitinib 75 mg once daily, show that average efficacy was sustained for all treatment arms following the switch to povorcitinib 75 mg QD. Importantly, povorcitinib also demonstrated durable efficacy at Week 52 in high-threshold outcomes, as evidenced by 22%-29% of patients achieving HS Clinical Response 100, which is defined as a 100% reduction from baseline in total AN count with no increase from baseline in abscess or draining tunnel count. Povorcitinib was generally well tolerated and the safety profile was consistent with previously-reported data. The most common treatment-emergent adverse events, or TEAEs, at Week 52 were COVID-19, acne, upper respiratory tract infection, headache, nasopharyngitis, urinary tract infection and increased blood creatine kinase, or CK. In total, six patients experienced a TEAE that led to treatment discontinuation. No fatal TEAEs were observed.
CWST

Hot Stocks

08:19 EST Casella Waste introduces sustainability-linked credit facility - Casella Waste Systems announced an amendment to its existing $650 million credit facility that links borrowing costs to progress in achieving certain annual sustainability goals. The company also announced an amendment to its credit facility associated with the early adoption of Term SOFR as its reference rate, replacing LIBOR in advance of its anticipated cessation later this year. The company established the following two measurable key performance indicators as part of its Sustainability-Linked Credit Facility: Improving its safety performance by lowering its Total Recordable Incident Rate; and Growing its Resource Solutions business by reducing, reusing, or recycling more tons of solid waste material.
MGAM

Hot Stocks

08:09 EST Mobile Global Esports signs LOI with Nils Lahr, OrionsWave - Mobile Global Esports announced that the Company has executed a letter of intent to acquire, implement and relaunch the social challenge and betting platform and technology developed by Nils Lahr and OrionsWave. Nils Lahr is an American entrepreneur, inventor, and computer scientist known for his work in the streaming media industry. Terms of the LOI were not disclosed.
NWL

Hot Stocks

08:09 EST Newell Brands chairman to transition to new position, Robert Steele to succeed - Newell Brands announced a series of steps to refresh the company's board of directors and its leadership. Patrick Campbell has served as the chairman of the board for five years. Effective upon the conclusion of the company's 2023 Annual Meeting of Stockholders on May 16, Campbell will transition from his position as chairman, while remaining a director nominated for re-election at the annual meeting. The board of directors has designated independent director Robert Steele as the next chairman of the board, effective May 16, upon the conclusion of the annual meeting. Robert Steele has served on Newell Brands' board of directors since April 2018. He is the founder and CEO of Steele Consulting, a consulting firm. Steele is the retired vice chairman, global health and well-being, for the Procter & Gamble company. During his 35-year tenure with Procter & Gamble, Mr. Steele held a variety of other executive leadership positions, including Group President Global Household Care and Group President of North American Operations.
RGTI

Hot Stocks

08:08 EST Rigetti Computing reduces headcount by 28% - As part of the updated business strategy to narrow Rigetti's focus in the nearer term on Ankaa 84-qubit system performance and the goal of advancing toward achieving narrow quantum advantage, the Company also is reducing its headcount by approximately 28% of overall staff, in order to lower operating expenses in activities outside these focus areas and preserve available cash resources.
RGTI

Hot Stocks

08:07 EST Rigetti Computing appoints Jeffrey Bertelsen as CFO, David Rivas as CTO - In connection with updating its business plan, the Company announced leadership changes at the CFO and CTO positions. Jeffrey Bertelsen will replace Rigetti's current CFO, Brian Sereda, effective February 15, 2023, and Mr. Sereda will thereafter remain with the Company as a non-executive employee until March 31, 2023, in order to support the transition. Mr. Bertelsen comes to the Company with more than 25 years of experience as a finance executive, most recently as CFO and COO of CyberOptics Corporation. In addition, effective February 9, 2023, David Rivas has been promoted to Chief Technology Officer, replacing Mike Harburn who is leaving the Company, effective February 9. Mr. Rivas previously served as Rigetti's Senior Vice President, Systems and Services since March 2019, overseeing the engineering and operations of Rigetti's Quantum Cloud Services platform.
TU

Hot Stocks

08:06 EST Telus appoints Manley as Chair of the board - TELUS announce that the TELUS Board of Directors has approved the appointment of the Honourable John Manley, P.C., O.C., as Chair of the Board, effective following his re-election at TELUS' annual general meeting in early May 2023. Manley will succeed Dick Auchinleck, who is retiring after 20 years of exemplary service on the TELUS Board, including eight years as Chair. Manley's appointment is a result of the company's robust succession planning process, undertaken by the board following a third-party evaluation of the effectiveness of our board and our board members
RGTI

Hot Stocks

08:06 EST Rigetti Computing updates business strategy, including technology roadmap - Rigetti Computing announced that its Board has approved an updated business strategy, including revisions to its technology roadmap. In connection with this updated strategy, the Company will transition to a newly appointed CFO and CTO and is implementing a workforce reduction in order to focus the organization and its resources on nearer-term strategic priorities. "Upon assuming my role as CEO, we have moved quickly to review and confirm key strategic priorities for the nearer term," stated Dr. Subodh Kulkarni. "The Company's revised technology roadmap will, concentrate on the goal to deliver the anticipated Ankaa-1 84-qubit system in Q1 2023, aiming to deliver denser qubit spacing and tunable couplers expected to enable better performance compared to Rigetti's current 80-qubit Aspen-M system; prioritize increasing the performance of the anticipated Ankaa-1 84-qubit system once it is launched and focus efforts to achieve narrow quantum advantage, the point at which a quantum computer is able to solve a practical, operationally relevant problem significantly better, faster, or cheaper than a current classical solution. Specifically, upon the anticipated launch of the Ankaa-1 84-qubit system, Rigetti plans to focus its efforts on improving the performance of the system with the goal of reaching at least 99% 2-qubit gate fidelity on the anticipated Ankaa-2 84-qubit system, and if this target is achieved, Rigetti plans to shift its focus to scaling to develop the anticipated Lyra 336-qubit system." An updated Investor Presentation, including the revised technology roadmap reflecting these changes, has been published on the Investor section of the Company's website, and the Company's previously announced roadmap should no longer be referred to or relied upon. Rigetti believes that this revised business plan and technology roadmap will enable it to concentrate its software application development strategy on what the Company believes to be the highest likelihood applications for demonstrating nearer term narrow quantum advantage.
GPN

Hot Stocks

08:05 EST Global Payments announces new partnerships with Atlanta Braves, Atlanta Hawk - Global Payments announced new partnerships with both the Atlanta Braves and Atlanta Hawks for Global Payments to serve as the official Commerce Technology Provider for Truist Park and State Farm Arena. With these new partnerships, Global Payments will now serve as the Commerce Technology Provider for all of Atlanta's major sports and entertainment venues, having partnered with Mercedes-Benz Stadium, home of the Atlanta Falcons and Atlanta United, in 2021.
AMTX

Hot Stocks

08:05 EST Aemetis hosts CDFA Secretary Karen Ross at Keyes biofuels facility - Aemetis announced that it hosted California Department of Food and Agriculture, CDFA, Secretary Karen Ross for a discussion and site tours of the company's renewable biofuel and dairy-based renewable natural gas, RNG, facilities on February 9, 2023. Former CDFA and USDA Secretary Ann Veneman, Stanislaus County Supervisor Vito Chiesa, and other dignitaries joined the tour and discussion of the company's vision and leadership regarding the creation of a Circular Bioeconomy in California's Central Valley that couples the production of low or below zero carbon intensity renewable fuels with the region's abundant agricultural waste and by-products. The visit was organized in conjunction with the Stanislaus 2030 regional economic development initiative and BEAM Circular, a new hub for the circular bioeconomy in the North San Joaquin Valley. "We strongly support the outstanding work that Secretary Ross has done at CDFA to promote agriculture's central role in addressing global warming, coupled with the advancement of policies and programs that private sector companies such as Aemetis can utilize to meet California's aggressive decarbonization goals," said Eric McAfee, Chairman and CEO of Aemetis, Inc.
COMS

Hot Stocks

08:03 EST COMSovereign Holding announces 1-for-100 reverse stock split - COMSovereign Holding announced that its Board of Directors approved a 1-for-100 reverse stock split of its common stock shares and that the common stock shares will begin trading on a split-adjusted basis at the commencement of trading today, January 10. The common stock shares will trade on the Nasdaq Capital Market under the same symbol "COMS" with a new CUSIP number, 205650401. COMSovereign expects that the reverse stock split, which was approved by shareholders at its shareholder meeting on February 8, will increase the market price per share of the Company's common stock, bringing the Company into compliance with The Nasdaq Capital Market's $1.00 minimum bid price requirement. The company intends to continue to pursue additional actions to satisfy the exchange's listing requirement including the filing of its 10-Q for the quarter ended September 31, 2022 before the end of February.
BPMC

Hot Stocks

08:02 EST Blueprint Medicines: FDA puts partial clinical hold on the Phase 1/2 VELA trial - Blueprint Medicines announced that the U.S. FDA verbally informed the company on February 8 that it has placed a partial clinical hold on the Phase 1/2 VELA trial of BLU-222 due to visual adverse events observed in a limited number of patients. Patients currently enrolled in the trial are continuing on study drug at this time, and additional patients will not be enrolled until the partial clinical hold is resolved. BLU-222 is currently being evaluated in the Phase 1 dose escalation portion of the VELA trial. Patients have been treated with BLU-222 at doses ranging from 50 mg BID to 800 mg BID to date, with evidence of clinical benefit observed and no discontinuations due to AEs. The reported visual AEs consisted of transient, reversible episodes of light sensitivity and blurred vision. All events were Grade 1, except one Grade 3 event involving light sensitivity and blurred vision in a patient treated at 600 mg BID. All events resolved with dose interruption or reduction. No treatment-emergent abnormal findings, including uveitis, have been observed in patients who have received detailed ophthalmologic examinations. "Patient safety is our first priority, and we are working closely with the FDA to investigate the reported visual adverse events as well as amend the VELA trial protocol to provide specific guidance to investigators on how to monitor for and manage these events should they occur," said Becker Hewes, M.D., Chief Medical Officer at Blueprint Medicines. "We have confidence in the benefit-risk profile of BLU-222 based on the activity and safety data we have seen to date in the dose escalation study. In addition, we recognize the urgency to treat patients with CDK2-vulnerable cancers, many of whom have seen their disease progress after exhausting all other options, and we aim to resume enrollment as expeditiously and responsibly as possible." Consistent with prior guidance, Blueprint Medicines plans to present initial dose escalation data from the VELA trial of BLU-222 in the first half of 2023.
LFMD

Hot Stocks

08:02 EST LifeMD appoints LaRovere to board of directors - LifeMD announced the appointment of Dr. Joan LaRovere to its Board of Directors. With Dr. LaRovere's appointment, LifeMD's Board will comprise nine directors, seven of whom are independent. Dr. LaRovere is Director of Innovation and Outcomes and an Attending Physician in Cardiovascular Critical Care at Boston Children's Hospital, as well as an Assistant Professor of Pediatrics at Harvard Medical School since 2011.
VYNE

Hot Stocks

08:01 EST VYNE Therapeutics announces 1-for-18 reverse stock split - VYNE Therapeutics announced that its Board of Directors has approved a reverse stock split of the Company's common stock at a ratio of 1-for-18. The reverse stock split was previously approved by stockholders at the Special Meeting of Stockholders on January 12, 2023. The reverse stock split will become effective after market close on Friday, February 10, 2023 and shares will begin trading on a split-adjusted basis when the market opens on Monday, February 13, 2023. VYNE's common stock will continue to be traded on the Nasdaq Capital Market under the symbol VYNE. The reverse stock split is intended to enable VYNE to regain compliance with the $1.00 minimum bid price required for continued listing on the Nasdaq Capital Market. The new CUSIP number for VYNE's common stock following the reverse stock split will be 92941V 308. At a special meeting of stockholders held on January 12, 2023, VYNE's stockholders approved a reverse stock split of VYNE's common stock through an amendment to its Certificate of Incorporation at a ratio of not less than 1-for-10 and not more than 1-for-25, with such ratio to be determined by the Board of Directors.
PXS

Hot Stocks

07:48 EST Pyxis Tankers announces acceptance of loan refinancing letter - Pyxis Tankers announced that through a wholly-owned subsidiary, it had accepted a letter agreement for a secured term loan facility of up to $15.5 million from Piraeus Bank with an interest rate of Term SOFR plus 2.7% that is repayable over 5 years on a quarterly basis. The proceeds from the Facility will be used to refinance the existing debt secured by the Pyxis Karteria, our 2013 built, 46,652 dwt. MR2 product tanker, and for other corporate purposes. The Facility is subject to the completion of customary closing conditions and the execution of final loan documentation and is expected to close by the end of February 2023.
SBFM

Hot Stocks

07:36 EST Sunshine Biopharma enters research agreement with Jewish General Hospital - Sunshine Biopharma announced the signing of a research agreement with Sir Mortimer B. Davis Jewish General Hospital, a McGill University Health Center hospital located in Montreal, Quebec, Canada. The research effort will be focused on advancing the development of Sunshine Biopharma's Adva-27a anticancer compound through the IND-enabling studies. At any time the research results become conclusive and Sunshine Biopharma wishes to proceed to conducting a Phase I clinical trial, the Jewish General Hospital is prepared to negotiating a new agreement to define the responsibilities and obligations of the parties for such Phase I clinical trial to be performed. Adva-27a had previously been shown to be effective at destroying multidrug resistant cancer cells originating from pancreatic cancer, breast cancer, small-cell lung cancer and uterine sarcoma. The research will be conducted under the direction of Dr. Gerald Batist, Head of the Department of Oncology at the Jewish General Hospital and Director of the McGill Center for Translational Research in Cancer based at the Lady Davis Institute for Medical Research.
FLS

Hot Stocks

07:32 EST Flowserve to acquire Velan in an all cash transaction for $245M - Flowserve and Velan announced that they have entered into a definitive agreement under which Flowserve will acquire Velan in an all cash transaction valued at approximately $245M, including the purchase of all of the issued and outstanding Velan equity for approximately $209M and the assumption of approximately $36.3M in outstanding gross debt as of November 30, 2022. Flowserve will also assume Velan's $31.4M of cash and cash equivalents, also as of November 30, 2022. The transaction is expected to close by the end of the second quarter of 2023. Founded in Montreal in 1950, Velan is a leading manufacturer of industrial valves with a strong presence in the nuclear, cryogenic and defense markets. Velan is a family-controlled business, with a team of 1,650 people and manufacturing facilities in nine countries. Through its fiscal third quarter ended November 30, 2022, Velan reported trailing twelve-month revenues of approximately $380M with reported EBITDA of approximately $21M. Upon completion of the transaction, Velan will become part of Flowserve's Flow Control Division segment. Velan adds significant value within Flowserve's existing valves portfolio and further builds upon Flowserve's existing assets through the addition of Velan's premier brands, strong heritage and technical expertise in attractive and diverse end markets. The additional scale, footprint consolidation and procurement opportunities provided by the combination is expected to result in substantial synergies. Further, the transaction is expected to increase Flowserve's aftermarket potential, based on the large installed base of Velan products and the expansive network of Flowserve's Quick Response Centers. In addition to revenue synergies created through a global aftermarket footprint, Flowserve expects to realize approximately $20M of run-rate cost synergies within two years after close. The transaction is expected to be accretive to Flowserve's adjusted EPS in the first full year following close. Including anticipated synergies, the economics imply an EBITDA multiple of less than 7x.
PHIO

Hot Stocks

07:32 EST Phio Pharmaceuticals gets positive DMC recommendation for trial of PH-762 - Phio Pharmaceuticals announced that an independent Data Monitoring Committee completed its prespecified review of interim safety data in the company's Phase 1b clinical trial of PH-762 for the treatment of advanced melanoma. The trial is ongoing at the Gustave Roussy Institute, one of the largest cancer centers in Europe. PH-762 is an INTASYL compound that reduces the expression of cell death Protein 1, a protein that inhibits T cells' ability to kill cancer cells. Decreasing the expression of PD-1 increases the capacity of T cells to kill cancer cells. Following completion of the treatment period through excision of the tumor, safety data from the initial cohort of three subjects in the Phase 1 trial was evaluated by the DMC. The safety data review disclosed no dose-limiting toxicity, and no drug-related severe adverse events or serious adverse events, and the DMC recommended proceeding to the enrollment of the subsequent dose cohort, as intended per the study protocol. In addition to the Phase 1b study in France, Phio expects to commence a US Phase 1b clinical trial focusing on the treatment of cutaneous squamous cell carcinoma and other selected cutaneous malignancies, early in the 2nd half of 2023.
FTS

Hot Stocks

07:30 EST Fortis files 2022 year-end disclosure documents - Fortis filed its audited Consolidated Financial Statements and related Management Discussion and Analysis for the year ended December 31, 2022, as well as its 2022 Annual Information Form, with Canadian securities regulatory authorities. The Corporation has also filed its Form 40-F for the year ended December 31, 2022 with the U.S. Securities and Exchange Commission.
HILS

Hot Stocks

07:24 EST Hillstream announces initial results from pembrolizumab, HSB-1216 combination - Hillstream BioPharma announced initial results evaluating the synergy of HSB-1216 with immune checkpoint inhibitors in KRAS G12C-mutated non-small cell lung cancer cells, Calu-1, with Pembrolizumab, an anti-PD-1 antibody. The study demonstrated significantly greater tumor inhibition of Calu-1 cells, when grown with human PBMCs and treated with HSB-1216 and Pembrolizumab. "We are greatly encouraged by the initial results showing crosstalk and synergy between an established and validated immuno-oncology pathway, anti-PD-1, and Ferroptosis, a new emerging iron-dependent cell death pathway and mechanism of action for HSB-1216," said Randy Milby, Hillstream's CEO.
LIZI

Hot Stocks

07:11 EST LIZHI working on AI-powered online chatbot demo - LIZHI announced that, with its latest technological advancements and achievements in natural language processing, the Company is working on an AI-powered online chatbot demo. LIZHI plans to integrate the chatbot into the Company's diverse product matrix, which will further enrich users' social audio and interactive audio entertainment experience. The company said, "LIZHI is committed to driving ongoing product innovation for interactive audio entertainment through continuous exploration and advancement of cutting-edge technologies along with the Company's strengths in developing online audio products. Years of in-depth research and experience in technological optimization have enabled LIZHI to develop the chatbot, which leverages NLP technology - similar to how OpenAI's ChatGPT is also based on NLP technology. LIZHI's chatbot is now able to intelligently analyze, comprehend and derive meaning from natural, text-based human language, and reply with automated text-based responses."
ORTX

Hot Stocks

07:10 EST Orchard Therapeutics announces proposed ADS ratio change - Orchard Therapeutics announced that it plans to change the ratio of its American Depositary Shares to its ordinary shares, nominal value GBP 0.10 per share, from the current ADS Ratio of one ADS to one ordinary share to a new ADS Ratio of one ADS to ten ordinary shares. The Company anticipates that the ADS Ratio Change will be effective on or about March 10, 2023. For the company's ADS holders, the change in the ADS Ratio will have the same effect as a one-for-ten reverse ADS split and is intended to enable the company to regain compliance with the Nasdaq minimum bid price requirement. On the Effective Date, registered holders of company ADSs held in certificated form will be required on a mandatory basis to surrender their certificated ADSs to the depositary bank for cancellation and will receive one new ADS in exchange for every ten existing ADSs then-held. Holders of uncertificated ADSs in the Direct Registration System and in The Depository Trust Company will have their ADSs automatically exchanged and need not take any action. The exchange of every ten then-held ADSs for one new ADS will occur automatically, at the Effective Date, with the then-held ADSs being cancelled and new ADSs being issued by the depositary bank. Orchard's ADSs will continue to be traded on the Nasdaq Capital Market under the ticker symbol "ORTX." No fractional new ADSs will be issued in connection with the change in the ADS Ratio.
RWBYF

Hot Stocks

07:10 EST Red White & Bloom Brands launches Platinum Vape in Arizona - Red White & Bloom Brands announces that Platinum Vape has launched in the thriving, adult use Arizona market with over twelve flavor profiles of its premium 510 Vapes and Disposable Vape products currently being stocked by dispensaries across the state. Additional high quality, PV branded offerings are expected to be introduced over the course of the 2023 calendar year.
CFMS

Hot Stocks

07:09 EST Conformis sees Q1 product revenue $12M-$13M - The company said, "This range reflects the disruption related to the transition to our new business model and continued manufacturing and supply chain challenges."
GNS

Hot Stocks

07:09 EST Genius Group cancels $7.5M ATM financing agreement - Genius Group has cancelled the agreement for its previously announced at-the-market financing transaction with Global Corporate Finance for up to US$7.5M of financing. On January 9, 2023, the Company signed a non-binding term sheet for the ATM Financing Commitment with the purchaser. Roger James Hamilton, CEO and founder of Genius Group, said, "Our growth strategy continues to combine organic growth and growth by acquisition, with financing for acquisitions being raised when timely and beneficial for our shareholders. However, after careful consideration, we do not believe this ATM Financing Commitment is suitable for the company at this time." The ATM Financing Commitment was subject to final due diligence and certain customary closing conditions, with a definitive binding agreement expected within 30 days of January 9. The cancellation of the agreement is being made formally following the lapse of the 30 days without a definitive binding agreement being signed.
AATC

Hot Stocks

07:03 EST Autoscope Technologies begins trading on OTCQX Market - Autoscope Technologies Corporation announced that they have qualified to trade on the OTCQX Best Market. Autoscope Technologies Corporation previously traded on NASDAQ.
FRLN

Hot Stocks

07:02 EST Freeline announces closing of sale of CMC-focused German subsidiary for $25M - Freeline Therapeutics announced the closing of the previously announced sale of its CMC-focused German subsidiary, Freeline Therapeutics GmbH, along with certain related intellectual property, to Ascend Gene and Cell Therapies Ltd., for $25 million, subject to purchase price adjustments. Concurrent with the closing, Freeline and Ascend entered into an intellectual property agreement that assigned certain intellectual property rights, including patents and know-how related to CMC capabilities and technologies, to Ascend. Freeline maintained its rights to its AAVS3 capsid, and the agreement includes a back-license to Freeline of the assigned rights necessary to develop and commercialize its current product candidates. The companies also entered into a transition services agreement that allows Freeline to maintain flexible access to analytical and process development capabilities and dedicated personnel for a period of 18 months following the closing of the transaction.
GPN

Hot Stocks

06:58 EST Global Payments reauthorizes up to $1.5B of share repurchase capacity
LAZ

Hot Stocks

06:45 EST Lazard reports preliminary AUM $230.6B as of January 31 - The month's AUM included market appreciation of $11.6B, foreign exchange appreciation of $2B, net inflows of $1.1B and other decreases of $0.1B.
KALV

Hot Stocks

06:36 EST KalVista's sebetralstat shows positive Phase 2 data in The Lancet publication - KalVista announced that results from the phase 2 trial evaluating the efficacy and safety of oral sebetralstat for the on-demand treatment of hereditary angioedema - HAE - attacks has been published in the international weekly medical journal, The Lancet. The phase 2 study showed that oral sebetralstat was well tolerated and led to rapid suppression of plasma kallikrein activity, resulting in significantly increased time to use of conventional treatment, reduced attack severity, and faster time to symptom relief and resolution compared to placebo. KalVista anticipates clinical results from its ongoing phase 3 KONFIDENT trial for sebetralstat for on-demand treatment in HAE in the second half of this year. Time to use of conventional treatment within 12 h of study drug administration was significantly longer with sebetralstat versus placebo; sebetralstat significantly reduced time to onset of symptom relief, with a median time of 1.6 hours versus 9 hours for attacks treated with placebo; time to conventional attack treatment use or worsening in severity by 1 level or more, whichever came first, within 12 h of study administration was significantly longer after treatment with sebetralstat than after treatment with placebo; median time to attack resolution was significantly shorter with sebetralstat than with placebo. Sebetralstat was well-tolerated and no serious adverse events were reported. The proportion of drug-related treatment-emergent adverse events was similar in attacks treated with sebetralstat and placebo.
AULT

Hot Stocks

06:35 EST Ault Inc's BitNile moving 6,572 bitcoin miners out of Texas hosted facility - Ault Alliance announced that its subsidiary, BitNile, is currently moving Bitcoin mining equipment out of the Wolf Hollow hosting facility in Texas as a result of the September 2022 Compute North bankruptcy filing. BitNile entered into a hosting agreement securing 20 megawatts of power announced on August 16, 2022 with Compute North, LLC. As a result of this agreement BitNile moved 6,572 Bitcoin miners to Compute North's Wolf Hollow hosting facility in Texas. Compute North's Chapter 11 bankruptcy filing initiated a series of events including transfer in ownership of the Wolf Hollow hosting facility in Texas. BitNile determined that the site is no longer economically viable and therefore began making weekly shipments to move the equipment to a safe and secure location for future deployment.
ESNT

Hot Stocks

06:33 EST Essent Group increases quarterly dividend 2c to 25c per share - Essent Group has increased its quarterly cash dividend to 25c per common share from 23c per common share. The dividend is payable on March 20 to shareholders of record on March 10.
IMOS

Hot Stocks

06:01 EST ChipMOS reports January revenue $44.3M, down 41.5% - The company noted that its January revenue reflects continued macro weakness, inventory adjustments at customers in response to end market demand levels and a fewer number of work days in the month due to the Lunar New Year Holiday. The Ccompany believes it is well positioned for when the situation improves given its higher exposure to non-consumer segments, its prior actions taken to improve operational efficiency and its strong balance sheet.
PUCK

Hot Stocks

05:26 EST Goal Acquisitions, Digital Virgo Group submit draft registration statement - Goal Acquisitions and Digital Virgo Group announced the confidential submission on February 8 with the U.S. Securities and Exchange Commission of a draft registration statement on Form F-4 in relation to a previously announced business combination between Goal and Digital Virgo. The agreement between Goal and Digital Virgo relating to the business combination was amended and restated as of February. Upon closing of the business combination, Digital Virgo is expected to be the publicly traded entity for the combined company. Closing is conditioned upon, among other things, regulatory and shareholder approval.
JHX WHR

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05:20 EST James Hardie appoints Farhaj Majeed as chief human resources officer - James Hardie (JHX) announced the appointment of Farhaj Majeed as chief human resources officer, or CHRO. Farhaj will assume the role effective February 20, he will report directly to CEO Aaron Erter and will serve on the executive leadership team. Farhaj will lead all aspects of James Hardie's people, talent & rewards, DEI and culture strategy. Majeed joins James Hardie most recently from Whirlpool (WHR) where he led the Europe and MEA region as VP and CHRO, EMEA.
RHHBY

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05:17 EST Genentech reports both BALATON, COMINO studies meet primary endpoint - Genentech, a member of Roche, announced new data from two global Phase III studies, BALATON and COMINO, evaluating Vabysmo in macular edema due to branch and central retinal vein occlusion at 24 weeks. The studies showed that treatment with Vabysmo resulted in early and sustained improvement in vision, meeting the primary endpoint of non-inferior visual acuity gains compared to treatment with aflibercept. Vabysmo also showed rapid and robust drying of retinal fluid from baseline, as measured by reduction in central subfield thickness. The safety profile of Vabysmo was consistent with previous trials. Results will be presented virtually on February 11 at Angiogenesis, Exudation, and Degeneration 2023, organized by Bascom Palmer Eye Institute in Florida. In the BALATON and COMINO studies, patients were randomized 1:1 to receive six monthly injections of either Vabysmo or aflibercept for 20 weeks, with the primary endpoint measured at week 24. Both studies met their primary endpoint, with Vabysmo showing non-inferior visual acuity gains compared to aflibercept. The average vision gains from baseline were comparable between the two treatments in both studies. In BALATON, vision gains were +16.9 eye chart letters in the Vabysmo arm and +17.5 letters in the aflibercept arm at 24 weeks. In COMINO, vision gains were +16.9 letters in the Vabysmo arm and +17.3 letters in the aflibercept arm at 24 weeks. Additionally, the percentage of patients gaining 15 or more letters was comparable across treatment arms in both studies. Fluid in the retina in the back of the eye, which may result from blood vessel leakage, can cause swelling and blurry vision. A secondary endpoint showed that Vabysmo achieved rapid and robust drying of retinal fluid from baseline, as measured by reduction in central subfield thickness, or CST. In both studies, reductions in CST were comparable across treatment arms. In BALATON, CST reductions were -311.4 microm in the Vabysmo arm and -304.4 microm in the aflibercept arm. In COMINO, CST reductions were -461.6 microm in the Vabysmo arm and -448.8 microm in the aflibercept arm. Additionally, both studies showed that more Vabysmo patients had an absence of blood vessel leakage in the retina compared to aflibercept patients as seen in a pre-specified exploratory endpoint. In BALATON, one-third of patients treated with Vabysmo had an absence of leakage compared to one-fifth of aflibercept patients. In COMINO, the rates were 44% for Vabysmo patients versus 30% for aflibercept patients. In both studies, Vabysmo's safety profile was consistent with previous trials. The most common adverse reaction was conjunctival hemorrhage. Safety results were consistent across study arms. The studies are ongoing, and data from weeks 24 to 72 will assess the potential of Vabysmo to extend dosing intervals up to every four months.
CMCL

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05:12 EST Caledonia Mining reports 12MWac solar project operating better than expected - Caledonia Mining announced that its 12MWac solar project, which was connected to the Blanket electrical grid in November 2022, is operating better than expected and is generating slightly more power than was anticipated; it currently provides approximately 27% of Blanket's average daily electricity demand. In recent months there has also been a substantial improvement in the supply of power from the Zimbabwe grid which has substantially reduced the amount of diesel consumed and has reduced the frequency of interruptions to production. Commenting on the announcement, Mark Learmonth, CEO, said: "The completion of the solar project coincides with an improvement in the supply of power from the Zimbabwe grid which has substantially reduced the amount of diesel consumed. As an initial early-stage indicator, in January 2023, Blanket consumed 18,000 litres of diesel, which compares to approximately 120,000 litres per month for the whole of 2022. Whilst we can't be certain that this quantum of improvement will be fully maintained as the year progresses, we are confident that we will continue to see an ongoing meaningful reduction to our diesel usage month on month, fully justifying our investment in solar power and delivering on our ESG strategy."
GSK

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05:09 EST GSK announces FDA approval for Jemperli - GSK reported that the FDA granted full approval for Jemperli for the treatment of adult patients with mismatch repair-deficient, or dMMR, recurrent or advanced endometrial cancer, as determined by a FDA-approved test, that has progressed on or following a prior platinum-containing regimen in any setting and are not candidates for curative surgery or radiation.