Stockwinners Market Radar for March 29, 2023 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service

SLGC

Hot Stocks

20:03 EDT Cathie Wood's ARK Investment bought 224.2K shares of SomaLogic today
ADTN

Hot Stocks

20:02 EDT Adtran announces retirement of CFO - Adtran "announced that after 39 years in the telecommunications industry, ADTRAN Holdings' CFO, Mike Foliano, will retire from the Company effective on June 28, 2023. The Company also announced the appointment of Uli Dopfer as the Company's new CFO, effective May 1, 2023. Uli Dopfer previously served as CFO of ADVA Optical Networking for the past 8 years."
FFIE

Hot Stocks

20:01 EDT Faraday Future starts production of FF 91 Futurist Alliance - Faraday Future announced the start of production of the all-new Ultimate Intelligent TechLuxury FF 91 Futurist Alliance at its FF ieFactory located in Hanford, California. The FF 91 Futurist is the Company's first production vehicle and flagship model that is expected to be offered in both the U.S. and China markets.
SCHW

Hot Stocks

19:27 EDT Charles Schwab director buys $267.3K in common stock - In a regulatory filing, Charles Schwab disclosed that its director Marianne Brown bought bought 5.0K shares of common stock on March 28th in a total transaction size of $267.3K.
PAYX

Hot Stocks

18:46 EDT Paychex CEO: Our value proposition continues to resonate in the market - In an interview on CNBC's Mad Money, John Gibson said the market continues to view Paychex as a stable adviser in difficult times. He noted that the company had no cash or investments in any of the banks impacted by the SVB crisis. He urged policy makers to step in to ensure there is more access to capital.
WWW

Hot Stocks

18:38 EDT Wolverine World Wide proposes U.K. workforce reduction - The company states: 'Wolverine World Wide announced actions intended to improve operating performance, fuel global growth, and enable future investments into Sweaty Betty, a global premium women's activewear brand acquired in August 2021. Sweaty Betty will now report into Wolverine Worldwide's London-based International Group, which is responsible for the Company's operations outside the United States. This move will more closely align Sweaty Betty with Wolverine's global centers of excellence. As part of this transition, several opportunities have been identified to better align Sweaty Betty's cost structure to Wolverine's other brands and enable future investments. These include consolidating London office space, securing savings through Wolverine's new Profit Improvement Office, and proposing a UK workforce reduction. The expected impact of these actions is reflected in the Company's 2023 guidance."
CVGW

Hot Stocks

18:35 EDT Calavo Growers CEO buys $1.4M in common stock - In a regulatory filing, Calavo Growers disclosed that its CEO Lecil Cole bought 50K shares of common stock on March 28th in a total transaction size of $1.4M. Shares of Calavo Growers are up 2% afterhours at $27.45.
M

Hot Stocks

18:23 EDT Macy's CEO: We've been working on the CEO transition plan for two years - In an interview on CNBC's Mad Money, Jeff Gennette said Macy's is "ready for me to hand it off." He's "very excited" about Tony Spring's leadership and noted that he's "set to hit the ground running." Gennette added that he's "very committed to ensuring that it's a smooth transition."
KSS

Hot Stocks

18:17 EDT Kohl's CEO buys $2.02M in common stock - In a regulatory filing, Kohl's disclosed that its CEO Thomas Kingsbury bought 92.5K shares of common stock on March 29th in a total transaction size of $2.02M.
VLTA SHEL

Hot Stocks

18:12 EDT Volta stockholders approve merger transaction with Shell USA - Volta (VLTA) stockholders approved the proposal to adopt the agreement and plan of merger dated January 17 under which Shell USA, a subsidiary of Shell (SHEL), has agreed to acquire Volta through a merger of a direct, wholly-owned subsidiary of Shell USA with and into Volta, with Volta continuing as the surviving corporation in the merger. The transaction is expected to close on or about March 31 subject to customary closing conditions. Following the closing of the transaction, shares of Volta common stock will be delisted from trading on the NYSE and de-registered. Volta stockholders will be entitled to receive $0.86 in cash, without interest and net of withholding taxes, for each share of Volta Class A common stock upon the completion of the merger.
REVE

Hot Stocks

17:59 EDT Alpine Acquisition unable to complete Two Bit Circus transaction - The company states: "As previously disclosed, on May 18, 2022, Alpine Acquisition Corporation entered into an Agreement and Plan of Merger, with AAC Merger Sub Inc., a Delaware corporation and wholly-owned subsidiary of Alpine, and Two Bit Circus, Inc. Pursuant to the Merger Agreement, Merger Sub was to merge with and into TBC, with TBC surviving the merger as a wholly-owned subsidiary of Alpine. Concurrently with the execution of the Merger Agreement, Alpine entered into a Purchase and Sale Agreement with Pool IV Finance LLC, Pool IV TRS LLC and PHF II Stamford LLC pursuant to which Alpine was to purchase the Hilton Stamford Hotel & Executive Meeting Center and the Crowne Plaza Denver Airport Convention Center Hotel simultaneously with the closing of the Merger. Alpine has determined that it will be unable to consummate the transactions contemplated by the Business Combination Agreements within the required time period and therefore has determined to cancel its special meeting in lieu of an annual meeting of stockholders called to approve such transactions. Alpine will now commence the process of liquidating its assets in accordance with its amended and restated certificate of incorporation. Alpine's warrants will expire worthless."
SSYS NNDM

Hot Stocks

17:47 EDT Stratasys confirms $19.55 per share acquisition proposal from Nano Dimension - Stratasys (SSYS) confirmed that it has received a revised unsolicited non-binding indicative proposal from Nano Dimension (NNDM) to acquire Stratasys for $19.55 per share in cash. Consistent with its fiduciary duties, and in consultation with its independent financial and legal advisors, the Stratasys Board of Directors will carefully review and evaluate the proposal to determine the course of action that it believes is in the best interests of the company and Stratasys shareholders.
LULU

Hot Stocks

17:44 EDT Lululemon CFO Meghan Frank acquires 861 shares of company stock - The CFO of Lululemon Athletica Meghan Frank disclosed in a regulatory filing that he had acquired 861 shares of company stock at $317.22 per share on March 27.
MPW

Hot Stocks

17:44 EDT Medical Properties Trust to sell Healthscope portfolio - Medical Properties Trust has entered into a definitive agreement to sell its Australian real estate investments operated by Healthscope to affiliates of HMC Capital, an Australian alternative asset manager focused on real estate strategies, including HealthCo Healthcare & Wellness REIT. The transaction is expected to be completed in the second half of 2023, subject to certain regulatory approvals. Total consideration for the company's Healthscope portfolio is based in part on a lease capitalization rate approximating 5.7%, resulting in anticipated cash proceeds sufficient to fully prepay the AUD$1.2B term loan used to fund the 2019 acquisition of the 11 hospitals leased to Healthscope. At year-end 2022 exchange rates, the term loan was reflected in MPT's financial statements at a U.S. dollar equivalent of approximately $818M; at the same exchange rate, 2023 annualized GAAP rent would be approximately $54M.
GPC

Hot Stocks

17:42 EDT Genuine Parts CEO buys $249.7K in common stock - In a regulatory filing, Genuine Parts disclosed that its CEO Paul Donahue bought 1.6K shares of common stock on March 24th in a total transaction size of $249.7K.
NCMI

Hot Stocks

17:41 EDT National CineMedia to delay filing 10K, in talks with lenders - In a regulatory NT 10-K filing the company states: "National CineMedia and its subsidiary, National CineMedia, LLC, together with professional advisors, are actively engaged in negotiations with certain lenders of NCM LLC. As a result of the time needed to finalize our ongoing discussions with NCM LLC's lenders and the material impact that these discussions will have on the Company's disclosures in its Annual Report on Form 10-K for the year ended December 29, 2022, the financial reporting process could not be completed without unreasonable effort prior to the Form 10-K's original due date. We have therefore filed this notification form to provide us with additional time to complete the preparation of the Company's Form 10-K."
TREE

Hot Stocks

17:33 EDT LendingTree announces 13% workforce reduction plan - In a regulatory filing, on March 24, LendingTree announced it committed to a workforce reduction plan that is intended to reduce operating costs. The Reduction Plan includes the elimination of approximately 13% of the company's current workforce. As a result of the Reduction Plan, the company estimates that it will incur approximately $5.6M in severance charges in connection with the workforce reduction, consisting of cash expenditures for employee separation costs of approximately $4.6M and non-cash charges for the accelerated vesting of certain equity awards of approximately $1M. The company expects that the restructuring charges related to the Reduction Plan will be incurred in the first and second quarters of 2023 and that the execution of the Reduction Plan, including cash payments, will be completed by the end of the second quarter of 2024. The company is not revising its first quarter or full-year outlook at this time and will provide any revisions when it formally reports first quarter results.
SEEL

Hot Stocks

17:33 EDT Seelos Therapeutics pauses additional patient enrollment in SLS-005-302 study - Seelos Therapeutics "announced a business update on its key programs. In order to focus the majority of its resources on the ongoing registration directed study of SLS-002 for Acute Suicidal Ideation and Behavior in patients with Major Depressive Disorder and the fully enrolled phase II/III study of SLS-005 in amyotrophic lateral sclerosis, Seelos is temporarily pausing additional enrollment of patients in the SLS-005-302 study in spinocerebellar ataxia type 3. Patients already enrolled will continue in the study and data will continue to be collected in order to make decisions for resuming enrollment in the future. This temporary pause has been implemented as a business decision due to financial considerations, and is not based on any data related to safety or therapeutic effects."
VLO

Hot Stocks

17:31 EDT Valero awarded $905.84M Defense Logistics Agency contract - Valero has been awarded a maximum $905.84M fixed-price with economic-price-adjustment, indefinite-delivery/indefinite-quantity contract for JAA aviation fuel to Altus Air Force Base, Oklahoma. This was a competitive acquisition with two responses received. This is a three-year base contract with two one-year option periods. The performance completion date is March 31, 2027. Using customer is Defense Logistics Agency. Type of appropriation is fiscal 2024 through 2027 defense working capital funds. The contracting activity is the Defense Logistics Agency Energy.
LMT

Hot Stocks

17:28 EDT Lockheed Martin awarded $120.27M Navy contract modification - Lockheed Martin was awarded a $120.27M cost-plus-incentive-fee modification to a previously awarded contract. This modification exercises an option to provide continued engineering, maintenance, logistics, and material support in support of the development, production, and sustainment of software builds, as well as to execute developmental flight tests in support of the F-35 Joint Strike Fighter aircraft for the Air Force, Marine Corps, Navy, and Foreign Military Sales and non-U.S. Department of Defense, or DOD, partners. Work is expected to be completed in March 2024. The Naval Air Systems Command is the contracting activity.
LMT

Hot Stocks

17:24 EDT Lockheed Martin awarded $179.01M Navy contract modification - Lockheed Martin was awarded a $179.01M cost-plus-fixed-fee modification to a previously awarded indefinite-delivery/indefinite-quantity contract. This modification increases the ceiling to provide for the ongoing development, installation, integration, testing, training, and delivery of the F-35 Autonomic Logistics Information System, or ALIS, and Operational Data Integrated Network, or ODIN, to include new capability development and current software modifications. Additionally, this modification continues support for the ALIS-to-ODIN re-architecture endeavor to modernize ALIS in accordance with information technology and software development best practices for the Air Force, Marine Corps, Navy, Foreign Military Sales customers, and non-U.S. Department of Defense participants. Work will be performed in Fort Worth, Texas, and is expected to be completed in December 2024. No funds are being obligated at time of award; funds will be obligated on individual orders as they are issued. The Naval Air Systems Command is the contracting activity.
RTX

Hot Stocks

17:22 EDT Raytheon Technologies awarded $619.24M Navy contract modification - Raytheon was awarded a $619.24M fixed-price incentive modification to previously awarded contract to exercise options for hardware production of the AN/SPY-6(V) family of radars. Work is expected to be completed by September 2026. FY23 shipbuilding and conversion funds in the amount of $470.62M and FY23 other procurement funds in the amount of $148.62M will be obligated at the time of award and will not expire at the end of the current fiscal year. The Naval Sea Systems Command is the contracting activity.
PACW NKTR

Hot Stocks

17:19 EDT PacWest Bancorp to replace Nektar in S&P 600 at open on 4/5
CR PACW

Hot Stocks

17:18 EDT Crane to replace PacWest Bancorp in S&P 400 at open on 4/4
AKAN

Hot Stocks

17:16 EDT Akanda regains Nasdaq listing compliance - International medical cannabis platform company Akanda "announced that it received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market Inc. dated March 27, 2023, indicating that the Company has regained compliance with the minimum bid price requirement set forth in Rule 5550(a)(2) of the Nasdaq Listing Rules. As previously announced, the Company had received a written notification on September 27, 2022 from the Nasdaq Listing Qualifications Department notifying the Company that it was not in compliance with the Minimum Bid Price Requirement as the closing bid price of the Company's common shares, no par value, was below $1.00 per share for a period of 30 consecutive business days."
MCLD

Hot Stocks

17:08 EDT mCloud retains ATB Capital Markets, Maxim to explore strategic alternatives - mCloud Technologies "announced it has formed a special committee comprising independent members of mCloud's Board of Directors that has retained ATB Capital Markets Inc. and Maxim Group LLC as financial advisors for the purpose of exploring currently active strategic alternatives. ATB and Maxim will assist the Special Committee in evaluating potential private and public structure alternatives that are being explored to determine the most viable outcomes maximizing value for the Company's securityholders."
WMG

Hot Stocks

17:06 EDT Warner Music confirms 4% staff headcount cut - In a regulatory 8-K filing, the company states: "On March 29, 2023, Warner Music Group announced moves designed to drive the evolution of the Company. The Company expects to reduce headcount by approximately 270 people, or approximately 4% of the Company's overall headcount. The headcount reductions should be substantially completed by the end of the next fiscal quarter. As a result, the Company expects to incur total non-recurring restructuring charges in this quarter of approximately $46M on a pre-tax basis for severance payments and other related termination costs. The Company anticipates that the headcount reductions will result in cash expenditures of approximately $46M by the end of FY24. The Company expects the headcount reductions to generate pre-tax cost savings of approximately $22M in FY23 and $50M on an annualized run-rate basis in FY24."
BTU

Hot Stocks

17:03 EDT Peabody Energy falls 3% to $24.40 after confirming fire incident at Shoal Creek
MCLD

Hot Stocks

17:02 EDT mCloud Technologies discloses Nasdaq listing notice - mCloud Technologies "announced it had received a notice dated March 23, 2023, from The Nasdaq Stock Market LLC stating the Company was not in compliance with Nasdaq Listing Rule 5550(a)(2) because the closing bid price for the Company's listed securities was below $1.00 per share for the last 30 consecutive business days. In accordance with Nasdaq listing rule 5810(c)(3)(A), the Company has 180 calendar days, or until September 19, 2023, to regain compliance. The Notice states that to regain compliance, the bid price for the Company's common stock must close at $1.00 per share or more for a minimum of ten (10) consecutive business days during the compliance period ending September 19, 2023."
STIX

Hot Stocks

17:01 EDT Semantix increases stock repurchase plan by $5M - Semantix has authorized an increase in the company's existing stock repurchase plan approved by the Board in November 2022 from up to $5M to a total of up to $10M.
RBOT

Hot Stocks

16:57 EDT Vicarious Surgical director buys $153K in common stock - In a regulatory filing, Vicarious Surgical disclosed that its director Philip Liang bought 73.9K shares of common stock on March 27th in a total transaction size of $153K. Shares are up 3.1% afterhours at $2.30.
VIEW

Hot Stocks

16:50 EDT View Inc. to cut about 170 jobs - In a regulatory filing, the company states: "On March 27, 2023, the Board of Directors of the Company approved a restructuring plan to reduce structural costs, including with respect to the Company's workforce. Pursuant to the Plan, the Company expects to decrease overall headcount by approximately 170 employees, which represents approximately 23% of full-time employees as of March 28, 2023. The reduction in workforce is expected to be substantially implemented in March 2023. The implementation of the Plan is expected to reduce expenses by approximately $23 million over the next 12 months. All employees affected by the reduction in workforce will be eligible to receive, among other things, severance payments based on the applicable employee's level at the Company and the continuation of benefits for a specified time period post-termination. Each affected employee's eligibility for severance benefits is contingent upon such employee's execution of a separation agreement, which includes a general release of claims against the Company. The Company expects to incur a one-time charge of approximately $5 million in the first quarter of 2023 related to the Plan, consisting primarily of one-time severance payments upon termination of the employees impacted by the reduction in workforce and continued benefits for a specific period of time with related cash payments expected to be substantially paid out by April 30, 2023. The Company expects such payments to be the only direct expense of the Plan. The Company does not expect to recognize a stock-based compensation expense for impacted employees related to vested awards and does not anticipate modifying the affected employees' stock awards in a manner that would result in additional expenses."
GETR

Hot Stocks

16:48 EDT Getaround expands carshare partnership with NYC DoT - Getaround "announced the installation of 83 additional carshare locations as part of its new, expanded participation in the New York City Department of Transportation's carsharing program. Through the DOT's carshare program, hundreds of dedicated carshare parking spaces will be designated at on-street locations across New York City to help promote safe, efficient, and sustainable transportation for community residents and visitors. The latest installation of Getaround spaces includes 28 new locations in Manhattan, 21 new locations in the Bronx, 18 new locations in Brooklyn, and 16 new locations in Queens. Each location includes two vehicle parking spaces."
PRTK

Hot Stocks

16:45 EDT Highland Capital Management buys $1.3M in Paratek Pharmaceuticals shares - In a regulatory filing, Paratek Pharmaceuticals disclosed that James Dondero of Highland Capital Management bought 788.5K shares of common stock on March 17th in a total transaction size of $1.3M.
WW

Hot Stocks

16:45 EDT Millennium discloses 5.1% passive stake in WW - Israel Englander's Millennium Management disclosed a 5.1% stake in WW, which represents over 3.5M shares. The stake is passive and does not allow for activism.
SON

Hot Stocks

16:45 EDT Sonoco teams with GreenGasUSA to reduce emissions and provide renewable energy - Sonoco has upgraded its Hartsville wastewater treatment site to significantly reduce carbon emissions. The company began treating wastewater from its paper operations in the 1950's and in 1987, an anaerobic lagoon was added to improve the system's efficiency. Anaerobic wastewater treatment is a highly efficient treatment process that uses less energy and produces less sludge than conventional aerobic treatment. The organic matter in the wastewater is converted to carbon dioxide and methane. In addition to the anaerobic treatment, a cover on the lagoon had been capturing the gases and routing them to a flare for destruction. In partnership with renewable natural gas developer GreenGasUSA, new biogas equipment now converts any gaseous methane to pipeline quality renewable natural gas for use in homes and businesses using the existing interstate pipeline system. It's expected to reduce Sonoco's greenhouse gas emissions by 8,000 metric tons per year and provide renewable energy to South Carolina. "We're proud of our sustainability record in Hartsville and our history of doing the right thing for the environment," said Sonoco Vice President of Environmental, Sustainability, & Technical Services Elizabeth Rhue."This GreenGasUSA partnership allows us to take our efforts one step further by turning a waste gas into a valuable resource for the community while reducing our carbon footprint," said Rhue. "We see this investment as a win for Sonoco, a win for GreenGas, and, most importantly, a win for the environment."
SMTC

Hot Stocks

16:40 EDT Semtech falls 8% to $29.40 after Q4 earnings miss, below-consensus guidance
CNXC

Hot Stocks

16:40 EDT Concentrix trading resumes
CXM

Hot Stocks

16:39 EDT Sprinklr jumps 15% to $12.47 after Q4 earnings beat, above-consensus FY23 view
GVA

Hot Stocks

16:30 EDT Granite awarded $20M contract by Alaska Department of Transportation - Granite has been awarded an approximately $20M contract by the Alaska Department of Transportation to rehabilitate a 10-mile section of Richardson Highway north of Glennallen, AK. The project will be funded by the Federal Highway Administration and will be included in Granite's 2023 first-quarter CAP.
FUL

Hot Stocks

16:28 EDT H.B. Fuller falls 6% to $64.01 after Q1 earnings miss, guidance cut
CNXC

Hot Stocks

16:28 EDT Concentrix to acquire Webhelp in $4.8B transaction - Concentrix announced they have entered into an agreement to combine with Webhelp in a transaction valued at approximately $4.8B, including net debt. Webhelp specializes in CX, sales, marketing, and payment services with a client and delivery footprint in Europe, Latin America, and Africa. Chris Caldwell, president and CEO of Concentrix, will lead the combined organization. Concentrix has entered into a binding put option agreement to combine with Webhelp. Upon completion of customary works council consultations, the parties will enter into a definitive purchase agreement. Under the terms of the agreement, Concentrix will acquire 100% of the shares of Webhelp. Shareholders of Webhelp will receive 14.9M shares of Concentrix, EUR 500M of cash proceeds, and a EUR 700M note payable in two years, bearing an interest rate of 2%, with the right to earn an additional 0.75M shares of Concentrix if the Concentrix share price reaches $170.00 per share within seven years from the closing of the transaction. Additionally, Webhelp's targeted net debt of approximately EUR 1.55B will be refinanced when the transaction closes. Upon closing of the transaction, Concentrix shareholders will own approximately 78% of the combined company with Webhelp shareholders owning approximately 22%. Maintaining its commitment to a diverse board of directors, the combined company will have a ten-member board, including two new board members that are expected to be Olivier Duha as Vice Chair of the Board and Nicolas Gheysens, as a representative of GBL. Cost synergy benefits are expected to be $75M in the first full year after closing, achieving a minimum of $120M, net of investments, by the third full year. At close, Concentrix is expected to have approximately $5.1B of total debt outstanding, consisting of newly issued senior notes, the EUR 700M note payable, and its existing credit and accounts receivable securitization facilities. Based on estimated pro forma adjusted EBITDA of approximately $1.6B in 2023 and expected net debt of approximately $4.9B at close, net debt-to-adjusted EBITDA is expected to be approximately 3x at transaction close and is expected to decrease to close to 2x within two years. Total transaction value of $4.8B and expected 2023 Webhelp revenue and adjusted EBITDA are based on an assumed exchange rate of 1.08 USD/EUR. The transaction value also reflects a Concentrix share price of $120.00 per share. The transaction is expected to close by the end of the year, subject to customary closing conditions, including approval by Concentrix shareholders and regulatory approvals. Certain shareholders of the company, including MiTAC International Corporation, which collectively owned approximately 15% of Concentrix common stock as of March 29, have agreed to vote their shares in favor of the transaction. Until the transaction is completed, the companies will continue to operate independently.
MRK

Hot Stocks

16:24 EDT FDA grants full approval for Merck's Keytruda in MSI-H or dMMR tumors - Merck "announced that the FDA has granted full approval to KEYTRUDA, Merck's anti-PD-1 therapy, for the treatment of adult and pediatric patients with unresectable or metastatic microsatellite instability-high (MSI-H) or mismatch repair deficient (dMMR) solid tumors, as determined by an FDA-approved test, that have progressed following prior treatment and who have no satisfactory alternative treatment options. The conversion from an accelerated to a full (regular) approval is based on results from the Phase 2 KEYNOTE-158, KEYNOTE-164 and KEYNOTE-051 trials and includes data in 504 adult and pediatric patients across more than 30 types of cancer. This marks the first full approval for an immunotherapy based on a predictive biomarker, regardless of solid tumor type. The full approval was based on data from three multicenter, non-randomized, open-label multi-cohort trials. KEYNOTE-164 enrolled 124 patients with advanced MSI-H/dMMR colorectal cancer that progressed following treatment with fluoropyrimidine and either oxaliplatin or irinotecan with or without anti-VEGF/EGFR mAb-based therapy. KEYNOTE-158 enrolled 373 patients with advanced MSI-H/dMMR non-colorectal cancers who had disease progression following prior therapy. Patients were either prospectively enrolled with MSI-H/dMMR tumors (Cohort K) or retrospectively identified in one of 10 solid tumor cohorts. KEYNOTE-051 enrolled seven pediatric patients with MSI-H/dMMR cancers. All trials excluded patients with autoimmune disease or a medical condition that required immunosuppression. Regardless of histology, MSI or MMR tumor status was determined using polymerase chain reaction (local or central) or immunohistochemistry (local or central), respectively. "
BCEL

Hot Stocks

16:21 EDT Atreca: Phase 2 go/no-go decisions for ATRC-101 expected by end-of-year - Atreca is continuing to enroll subjects in both the Q3W monotherapy and combination therapy cohorts at the 30 mg/kg dose level, with a focus on the recruitment of H-score high participants across tumor types. Additional data from the ongoing study will inform a future decision concerning whether to advance ATRC-101 into Phase 2 studies and in which indications. Atreca expects to report additional data from the Phase 1b study and provide details on its potential Phase 2 development plans by the end of 2023. "These results are encouraging and reinforce our belief in the therapeutic potential of ATRC-101. Importantly, they support the relationship we've observed between target expression and both ATRC-101's anti-tumor activity and duration of response," added Dr. Philippe Bishop, Chief Medical Officer of Atreca. "We look forward to providing a development update with go/no-go decisions later this year."
EA

Hot Stocks

16:20 EDT Electronic Arts announces restructuring plan, 6% headcount reduction - In a regulatory filing, Electronic Arts announced on March 27 that the Board of Directors of Electronic Arts approved a restructuring plan focused on prioritizing investments to the company's growth opportunities and optimizing its real estate portfolio. The Plan includes actions driven by portfolio rationalization, including intellectual property impairment charges and headcount reductions impacting approximately 6% of the company's workforce, in addition to office space reductions. The company estimates that it will incur approximately $170 million to $200 million in charges in connection with the Plan. These charges consist primarily of approximately $65 million to $70 million in charges related to intellectual property impairment, approximately $55 million to $65 million related to employee severance and employee-related costs, approximately $45 million to $55 million associated with office space reductions, and approximately $5 million to $10 million of other charges, including contract cancellations. Of the aggregate amount of charges that the company estimates it will incur, the company expects that approximately $80 million to $100 million will be future cash expenditures. The actions associated with the Plan are expected to be substantially complete by September 30, 2023. Certain payments associated with lease obligations will be paid in accordance with their terms.
BTU

Hot Stocks

16:20 EDT Peabody Energy trading resumes
PL

Hot Stocks

16:16 EDT Planet Labs reports Q4 recurring annual contract value at 94% - The company states: "Percent of Recurring Annual Contract Value (ACV) for the fourth quarter was 94%. End of Period (EoP) Customer Count increased 15% year-over-year to 882 customers. Net dollar retention rate for the full year was 131%, while net dollar retention rate with winbacks was 134%. Fourth quarter gross margin expanded to 55%, compared to 37% in the fourth quarter of fiscal year 2022. Fourth quarter Non-GAAP Gross Margin(1) expanded to 58%, compared to 42% in the fourth quarter of fiscal year 2022. Full year gross margin expanded to 49%, compared to 37% in fiscal year 2022. Full year Non-GAAP Gross Margin(1) expanded to 53%, compared to 38% in fiscal year 2022."
MCD

Hot Stocks

16:16 EDT McDonald's: Robert Eckert and John Rogers, Jr. to retire from board - McDonald's announced the retirement of Robert Eckert and John Rogers, Jr. from the McDonald's Board of Directors effective as of the date of the company's 2023 Annual Shareholders' Meeting. These retirements are consistent with the Board's commitment to ongoing refreshment that maintains an appropriate balance of continuity and institutional knowledge with fresh perspectives among Directors. In 2022, the Board elected four new independent Directors and announced one retirement.
PFBC

Hot Stocks

16:16 EDT Pathfinder Bancorp names James Dowd as president and CEO - Pathfinder Bancorp announced that its Board of Directors has named James Dowd as President and Chief Executive Officer of the Company and the Bank, roles that he has served on an interim basis since April 14. Mr. Dowd will also be nominated by the Company's Board of Directors for election to serve as a member of the Company's Board, pending approval by the Company's shareholders at its annual meeting on June 1.
PL

Hot Stocks

16:14 EDT Planet Labs to acquire Sinergise - Planet Labs "announced it has signed an agreement to acquire the business of Holding Sinergise d.o.o., a leading developer platform for earth observation data. Planet expects this acquisition to lower the barriers for current and new Planet customers to access and act on EO data. The addition of Sinergise's platform capabilities is expected to further enable customers to more easily extract insights from various sources of satellite data and partners to build their own applications on top of Planet's platform to gain additional value from EO data. The transaction is expected to close during Q2 of Planet's current fiscal year and is subject to certain closing conditions."
FC

Hot Stocks

16:13 EDT Franklin Covey board approves new $50M share buyback
RH

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16:11 EDT RH down 4% after earnings, guidance - Shares of RH are down $10.20, or 4%, to $235.55 in after-hours trading.
AVDL

Hot Stocks

16:11 EDT Avadel Pharmaceuticals in royalty pact with RTW investments for up to $75M - Avadel Pharmaceuticals announced its entry into a royalty agreement with RTW Investments, LP and certain of its affiliates or RTW, for up to $75M to support the potential commercialization of LUMRYZ for the treatment of cataplexy or excessive daytime sleepiness or EDS in adults with narcolepsy. Concurrently, the company extended the maturity of $96.2M of its convertible notes to 2027. "These critical financing activities, including a non-dilutive source of capital with the royalty agreement, as well as the extension of the maturity on $96.2M of our convertible notes, provides Avadel with added financial flexibility to support the potential commercialization of LUMRYZ for people living with narcolepsy. Further, we are pleased to have the continued support of RTW Investments, a premier partner known for its strategic investments in promising healthcare companies and assets," said Greg Divis, Chief Executive Offer at Avadel Pharmaceuticals. "The execution of both of these agreements speaks to the potential of LUMRYZ and our aligned confidence in the commercial opportunity ahead as we endeavor on our vision to bring LUMRYZ to the narcolepsy community." Under the terms of the royalty agreement, RTW will provide up to $75 million of non-dilutive synthetic royalty financing commitment to Avadel in return for tiered rate, cash royalty payments based on net sales of LUMRYZ in the U.S. RTW will receive royalty rates ranging from low to high single digits based on a certain quarterly sales threshold. Royalty funds become available upon achieving certain regulatory and financial milestones and other customary closing conditions. Under the terms of the convertible note exchange , $96.2M of the existing $117.4 million convertible notes that would have been due in October 2023 will now be due on April 1, 2027. Following the closing of the Exchange, approximately $21.2 million in existing notes will remain outstanding with terms unchanged. The Exchange is expected to close on April 3, 2023, subject to customary closing conditions.
EVH CNC

Hot Stocks

16:11 EDT Evolent Health, Centene expand partnership - Evolent Health (EVH) announced an agreement to expand its Technology and Services solution for oncology with its existing partner, Centene (CNC). Centene will expand its use of Evolent Health's oncology solution across its Centene and WellCare Medicare Advantage members nationally. This agreement deepens the specialty care partnership between Centene and Evolent in the MA market.
BTU

Hot Stocks

16:10 EDT Peabody Energy confirms fire incident at Shoal Creek Mine - Peabody confirmed a fire that began earlier today at its Shoal Creek Mine involving void fill material utilized to stabilize the roof structure of the mine. The Shoal Creek Mine is in Alabama. All mine personnel have now been safely evacuated from the mine. The Mine deployed a team of firefighters to address the incident; at the time that team evacuated the mine, they reported that no flames were visible. The Mine Safety and Health Administration has been notified of the incident and is working with mine personnel to monitor the underground environment and determine a safe plan for mine re-entry. The incident remains subject to further investigation. The company is not able to provide any estimates as to the impact of the fire on the Shoal Creek Mine or on the company's overall operations at this time. The company intends to provide further updates on this incident as more information becomes available. Shoal Creek employs approximately 419 workers and is a production-stage underground longwall metallurgical coal mine located 35 miles west of Birmingham, Alabama, USA. The Shoal Creek Mine produced approximately 800,000 tons of coal in 2022.
CNXC

Hot Stocks

16:10 EDT Concentrix trading halted, news pending
GLP XOM

Hot Stocks

16:08 EDT Global Partners to expand retail operations into Houston market - Global Partners (GLP) and ExxonMobil (XOM) have signed an agreement to acquire 64 Houston-area convenience and fueling facilities from the Landmark Group. The deal is subject to regulatory clearance and the satisfaction of closing conditions and is expected to be completed in the second quarter of 2023. If approved, the assets would be purchased under the joint venture, Spring Partners Retail LLC, and Global would act as the management company and operator.
AKRO

Hot Stocks

16:07 EDT Akero Therapeutics provides details for upcoming SYNCHRONY program - Akero Therapeutics announced an End-of-Phase 2 meeting with the FDA as well as details of the anticipated SYNCHRONY Phase 3 efruxifermin program for the treatment of nonalcoholic steatohepatitis, or NASH. There are currently no approved therapies for the treatment of NASH, a serious form of liver disease estimated to affect more than 17M Americans. Based on ongoing discussions with the FDA, the SYNCHRONY Phase 3 program will start enrolling patients into two parallel, randomized, placebo-controlled clinical trials during the second half of this year. SYNCHRONY Histology will evaluate the efficacy of 28mg and 50mg doses of EFX in patients with biopsy confirmed pre-cirrhotic NASH, with fibrosis stage 2 or 3. The primary endpoint will be greater than or equal to 1-stage fibrosis improvement and resolution of NASH. SYNCHRONY Real-World will assess safety and tolerability of EFX in patients with non-invasively diagnosed NASH or NAFLD. Key secondary endpoints are to include change in biomarkers of fibrosis and other established non-invasive endpoints. The duration of and total number of subjects to be enrolled in the SYNCHRONY Histology and Real-World trials are subject to confirmation with the FDA. Following readout of the Phase 2b SYMMETRY trial during the fourth quarter of this year, and subsequent interactions with the FDA, Akero expects to finalize the design of the third Phase 3 clinical trial within the SYNCHRONY program. SYNCHRONY Outcomes is planned to evaluate the efficacy and safety of EFX in a compensated cirrhotic population, for which the primary endpoint will be clinical outcomes.
GPRE

Hot Stocks

16:07 EDT Green Plains announces resignation of board chairman - Green Plains "announced that Wayne Hoovestol, long-time Chairman of its Board of Directors will retire at the end of his current term at the Annual Meeting of Shareholders, May 9. Hoovestol has served as a director on the Board since 2006 and Chairman since 2008. With Hoovestol's retirement, the Board will be reduced from nine to eight directors, completing the board refreshment initiative announced in 2021, and will elect a new Chairperson following the Annual Meeting. "
ACLX

Hot Stocks

16:04 EDT Arcellx reports Q4 net loss $39.0M vs. $20.7M last year - Arcellx expects that the cash on hand will fund its operations through BLA filing of CART-ddBCMA planned for the first half of 2025. "2022 was a stellar year for Arcellx, both from a business and clinical perspective. We completed a successful IPO in February, secured additional capital through a follow-on offering in June, and ended the year announcing a global partnership with Kite to co-develop and co-commercialize CART-ddBCMA in multiple myeloma. In parallel, we initiated two Phase 1 studies utilizing our dosable and controllable CAR-T technology, ARC-SparX, and our Phase 2 iMMagine-1 pivotal study and presented robust long-term data from our Phase 1 expansion study of CART-ddBCMA in multiple myeloma at ASCO and ASH. We also made significant progress on the manufacturing front, setting us up for scalable manufacturing in the future," said CEO Rami Elghandour. "Leveraging our balance sheet of $580 million positions us to continue building on our strong foundation as we advance our pipeline programs. Our team, in collaboration with our colleagues at Kite, remains focused on completing enrollment of iMMagine-1, initiating iMMagine-2 in earlier multiple myeloma lines, and presenting longer-term data from our Phase 1 expansion study of CART-ddBCMA. We're also beginning commercial planning as we prepare for U.S. market entry with the goal of meeting the demand of the many patients in need."
BTU

Hot Stocks

15:42 EDT Peabody Energy trading halted, news pending
PBR

Hot Stocks

15:07 EDT Petrobras trading resumes
COMM

Hot Stocks

14:59 EDT CommScope says expanding fiber-optic cable production - CommScope announced that it is expanding fiber-optic cable production to accelerate the rollout of broadband across the U.S., connecting more communities and underserved areas. "CommScope's expansion of U.S. fiber-optic cable production will: Increase fiber-optic cable output, hastening the deployment of broadband to underserved communities; The HeliARC lines are expected to support 500,000 homes per year in fiber-to-the-home deployments; Increase employment opportunities with the addition of at least 250 jobs over the next five years, 90% of which will not require a college degree; Bolster supply chain production in the United States in support of the White House's initiative to have the supply chain for America begin in America; Introduce a new HeliARC fiber optic cable, specifically designed for the needs of rural deployments; Invest $47M CapEx in the U.S. toward expanding fiber optic cable production focused on rural applications," the company stated.
PBR

Hot Stocks

14:56 EDT Petrobras says investment, divestment review must be carried out based on plan - In a regulatory filing, Petrobras "informs that its Board of Directors has considered, on today's date, the content of Official Letter 166/2023/GM-MME, of 02/28/2023, and of Official Letter 257/2023/GM-MME, of 03/29/2023, and considering its attributions, concluded that the review of the investment and divestment processes must be carried out based on the company's 'Strategic Plan,' prepared by the Executive Board and approved by this Board, pursuant to Petrobras' Bylaws. Therefore, in view of the Ministry of Mines and Energy's request and the election of the new Executive Board on 03/29/2023, the Board of Directors will study the matter, in case the new management, which has just taken office, decides to propose the revision of the 'Strategic Plan.' It is worth noting that this revision should not include divestments already in the phase of signing and closing contracts in order to fully comply with the rights and obligations already assumed by the Company, with schedules and dates already set to occur throughout the four quarters of 2023, and thus not cause any damage to the parties involved in the negotiations, especially Petrobras. Material facts will be timely disclosed to the market." Reference Link
TRKA GNS

Hot Stocks

14:52 EDT Troika Media up 15% after Genius Group CEO tweet about offer - Shares of Troika Media (TRKA) are up about 3c, or 15%, to 23c after Roger James Hamilton, CEO of Genius Group (GNS), tweeted that his company "has sent to Troika Media a non-binding offer to acquire $TRKA together with a proposal on capital restructure."
GNS TRKA

Hot Stocks

14:51 EDT Genius Group CEO says sent Troika Media non-binding acquisition offer - Roger James Hamilton, CEO of Genius Group (GNS), tweeted: "Also Genius Group $GNS has sent to Troika Media a non-binding offer to acquire $TRKA together with a proposal on capital restructure. As agreed with @Jefferies terms are confidential. Offer approved by $GNS Board. Proceeding subject to $TRKA go-ahead (or not) [...] An offer isn't any guarantee acquisition will occur as acceptance, DD, approvals, etc are all required. Also $TRKA is one of multiple companies $GNS is in discussion with. However in 2023 we arr committed to an M&A strategy to get to critical mass to fight #NakedShorts" Reference Link
PBR

Hot Stocks

14:35 EDT Petrobras trading halted, news pending
BLKB

Hot Stocks

13:38 EDT Clearlake 'disappointed' with Blackbaud Board's rejection, reiterates offer - Clearlake Capital has submitted a letter to the Blackbaud Board of Directors, in response to its rejection of Clearlake's offer to acquire Blackbaud for $71.00 per share on March 27, 2023. In the letter, Clearlake said that, "We have reviewed the Company's response to our March 24, 2023 acquisition proposal via the press release issued publicly by the Company and related response letter, both dated March 27, 2023. We are disappointed that the Board has rejected our highly attractive acquisition proposal of $71.00 per share... Many enterprise software companies have a challenging path forward in the current environment, and we believe the Company's current challenges would be best addressed by exploring strategic alternatives via a formal process to maximize stockholder value... We were surprised that one of the stated reasons conveyed to us for the Board's rejection of our proposal was that it 'lacks critical details typically included in a credible proposal.' Neither the Board nor its advisors sought to engage with us at any point to clarify any details of our proposal that the Board deemed to be lacking, or ask us any questions about our proposal... We also note that our 'unambiguous statement that Clearlake does not need to be an acquirer' was made in recognition of the fiduciary duties of the Board under the Revlon doctrine as part of a strategic process, especially since we believe the Company has recently rejected other credible third-party acquisition overtures. Our statement should not otherwise be mischaracterized... We hereby reiterate our all-cash offer to acquire the outstanding shares of the Company for $71.00 per share, as outlined in our March 24th proposal. Based on public information and the Company's unaffected price, we believe that our proposal will deliver superior and certain value to all stockholders when compared to the standalone alternative and will be very compelling to the Company's stockholders."
BP...

Hot Stocks

13:05 EDT Arko says 'riskless' to TravelCenters' holders for board to engage on proposal - ARKO Corp. (ARKO) issued a letter to TravelCenters of America's (TA) board, setting forth additional details of ARKO's financing in connection with its proposal to acquire TravelCenters, and again asking for TravelCenters' engagement with ARKO in the sale process. The letter discloses a second amendment to ARKO's Standby Real Estate Purchase, Designation and Lease Program agreement with Oak Street, a Division of Blue Owl Capital, in which Oak Street has agreed, subject to the terms contained in the Program Agreement, to provide for an additional $1.25B of capacity specifically to finance ARKO's acquisition of TravelCenters. "In addition to the additional capacity provided by the amended Program Agreement, ARKO has significant additional liquidity through cash, cash equivalents, and availability under its existing credit lines. ARKO has never required any financing conditions and has closed every acquisition it has put under contract. ARKO's proposal to TravelCenters offers no financing-related conditions. TravelCenters' Board has refused to engage at all with ARKO since ARKO originally submitted, on March 14, 2023, a superior proposal of $92 a share, a nearly 7% premium to the $86 per share price pursuant to TravelCenters' existing merger agreement with BP Products North America Inc., a wholly owned indirect subsidiary of BP p.l.c. ARKO's proposal was further improved on March 27, 2023, including ARKO's willingness to pre-pay $202 million for 11 years of lease payments, using the same discount rate as BP's proposal, in comparison to BP's proposal to pre-pay $188 million for 10 years of lease payments. ARKO believes it is riskless to TravelCenters' stockholders for TravelCenters' Board to engage with ARKO, and that doing so could reasonably be expected to lead to a superior proposal. ARKO has retained financial and legal advisors for this transaction and believes this update merits immediate engagement by TravelCenters's Board, management, and advisors... ARKO's track record, strong financial position, and confidence in obtaining financing for this transaction should be seriously considered by TravelCenters' Board and management when assessing whether ARKO's superior proposal is in the best interests of TravelCenters' stockholders. ARKO is prepared to immediately commence confirmatory due diligence and quickly enter into an Agreement and Plan of Merger along with the other ancillary arrangements on the same material terms as in the Merger Agreement with BP," the company stated in a press release.
AAPL

Hot Stocks

13:01 EDT Apple WWDC to run from June 5-9 - Apple stated in a post to its Developer site: "Mark your calendars June 5 through 9 for an exhilarating week of technology and community. Be among the first to learn the latest about Apple platforms, technologies, and tools. You'll also have the opportunity to engage with Apple experts and other developers. All online and at no cost. In addition, Apple will host a special all-day event for developers and students on June 5 at Apple Park. Watch the keynote and State of the Union videos together, meet some of the teams at Apple, celebrate great apps at the Apple Design Awards ceremony, and enjoy activities into the evening." Reference Link
JNJ

Hot Stocks

12:46 EDT J&J's Janssen discontinues RSV adult vaccine program - Johnson & Johnson's Janssen Pharmaceutical disclosed earlier that following a review of its portfolio and an assessment of the respiratory syncytial virus vaccine landscape, it will exit its investigational RSV adult vaccine program and discontinue its Phase 3 EVERGREEN study. "The decision to discontinue the Company's RSV adult vaccine program is part of a broader effort to make strategic choices for its pipeline and research and development investments to focus on medicines with the greatest potential benefit to patients. The Company remains committed to investing in internal discovery, development and external innovation across its Therapeutic Areas," the company said in a statement.
VRNT...

Hot Stocks

12:05 EDT Verint announces expanded partnership with Google Cloud - Verint (VRNT) announced an expanded partnership with Google Cloud (GOOG, GOOGL) to help organizations improve contact center performance through the integration of Google Cloud's Contact Center AI and Verint Customer Engagement Platform.
VRNT...

Hot Stocks

12:02 EDT Verint announces expanded partnership with Google CloudAlphabet - Verint (VRNT) announced an expanded partnership with Google Cloud (GOOG, GOOGL) to help organizations improve contact center performance through the integration of Google Cloud's Contact Center AI and Verint Customer Engagement Platform.
SOXS

Hot Stocks

12:00 EDT Direxion Daily Semiconductor Bear 3X Shares falls -6.7% - Direxion Daily Semiconductor Bear 3X Shares is down -6.7%, or -$1.29 to $18.03.
UNF

Hot Stocks

12:00 EDT UniFirst falls -11.5% - UniFirst is down -11.5%, or -$22.20 to $170.94.
STEM

Hot Stocks

12:00 EDT Stem falls -13.7% - Stem is down -13.7%, or -85c to $5.38.
XPEV

Hot Stocks

12:00 EDT XPeng rises 10.2% - XPeng is up 10.2%, or $1.04 to $11.29.
GATO

Hot Stocks

12:00 EDT Gatos Silver rises 10.6% - Gatos Silver is up 10.6%, or 54c to $5.62.
FREY

Hot Stocks

12:00 EDT Freyr Battery rises 11.2% - Freyr Battery is up 11.2%, or 83c to $8.23.
CMPO AXP

Hot Stocks

11:28 EDT CompoSecure announces extension of American Express contract - CompoSecure (CMPO) announced that it has extended its 20-year contract with American Express (AXP) as a provider of premium metal payment cards through July 2026. Jon Wilk, President and CEO of CompoSecure said that, "American Express is a leader in delivering innovative products and services, always with a focus towards providing an exceptional customer experience. We are thrilled to continue our relationship together."
CONN

Hot Stocks

11:22 EDT Conn's down 1% to $5.35 as earnings call continues - Conn's shares are down 6c, or 1%, to $5.35 as the company continues to host its Q4 earnings conference call.
CONN

Hot Stocks

11:22 EDT Conn's CEO says total retail sales down 18.6% in Q1-to-date - Conn's CEO Norman Miller said during the company's Q4 earnings call, according to a transcript: "Finally, given the uncertain economic environment and in lieu of official guidance, I want to provide some details on recent sales trends and considerations for the year. Since the third quarter, sales trends have improved or remained stable as we have refocused the business on our core credit-constrained consumer. These trends continued into the first quarter with total retail sales down 18.6% quarter-to-date. Looking forward through the remainder of the fiscal year, we expect retail sales to improve on a sequential basis as we benefit from the growth strategies we have discussed today."
NAAS

Hot Stocks

11:01 EDT NaaS, Smart Order establish 'Smart Charging' joint venture - NaaS Technology and Smart Order announced the establishment of a joint venture, "Smart Charging", to create a network of destination-sharing charging services for electric vehicles. Under this new collaboration, NaaS and Smart Order will leverage their respective advantages in charging station infrastructure, operational expertise, product technology, lodging networks, services, and more to upgrade the integrated charging services for commercial lodges.
BTC...

Hot Stocks

10:55 EDT SEC charges crypto trading platform Beaxy for operating unregistered exchange - The Securities and Exchange Commission charged the crypto asset trading platform beaxy.com and its executives for failing to register as a national securities exchange, broker, and clearing agency. The SEC also charged the founder of the platform, Artak Hamazaspyan, and a company he controlled, Beaxy Digital, Ltd., with raising $8M in an unregistered offering of the Beaxy token and alleged that Hamazaspyan misappropriated at least $900,000 for personal use, including gambling. Finally, the SEC charged market makers operating on the Beaxy Platform as unregistered dealers. According to the SEC's complaint, since October 2019, Nicholas Murphy and Randolph Bay Abbott, through the company they managed, Windy Inc., maintained and provided the Beaxy Platform as a web-based trading platform that facilitated buying and selling of crypto assets that were offered and sold as securities. The complaint alleges that Windy, through the Beaxy Platform, violated the Securities Exchange Act of 1934 because it: Brought together the orders for securities of multiple buyers and sellers using established, non-discretionary methods under which such orders interacted, and the buyers and sellers entering such orders agreed to the terms of a trade, and thus should have registered as an exchange; Acted as an intermediary in making payments and deliveries upon matching sell and buy orders and maintained custody of customer assets, and thus should have registered as a clearing agency; and Was regularly engaged in the business of effecting transactions for the account of others in crypto assets that were offered and sold as securities, and thus should have registered as a broker. Reference Link
UAL

Hot Stocks

10:53 EDT Machinists union reaches agreements in principle with United Airlines - The IAM, North America's largest air transport labor union, announced it has reached agreements in principle with United Airlines that would "deliver the industry's best wages and stronger job protections to approximately 30,000 IAM members at United Airlines." The two-year tentative agreements cover seven different work classifications at the carrier, including Fleet Service Workers, Passenger Service Workers, Storekeepers, Central Load Planners, Maintenance Instructors, Fleet Technical Instructors and Security Officers. Highlights of the tentative agreements include: Industry-best wage rates; The insourcing of five previously outsourced locations; Protection of full-time employment and opportunities; The permanent prohibition of outsourcing for 17 additional U.S. locations; Increased lead and specialty premiums; Extends system no lay-off protection to tens of thousands of more IAM members; Early opener of next negotiations and a signing bonus. IAM District 141 members covered by the tentative agreements will receive more details and a ratification vote schedule will soon be announced. The IAM District 141 United Airlines Negotiations Committee unanimously recommends ratification. Reference Link
AVD

Hot Stocks

10:35 EDT AMGUARD enters supply agreement with NewLeaf Symbiotics - AMGUARD Environmental Technologies entered into a supply agreement with NewLeaf Symbiotics to bring biological solutions to major North American specialty markets. Under the agreement, AMGUARD becomes the exclusive seller of NewLeaf products including bio-stimulants and bio-protection products in golf, ornamental, controlled-environment agriculture, cannabis, and consumer markets in the U.S., Canada, and Mexico. Together these production areas are estimated to comprise slightly more than 50 million treatable acres in North America.
GNS

Hot Stocks

10:00 EDT Genius Group LTD trading resumes
SOL

Hot Stocks

10:00 EDT ReneSola falls -6.0% - ReneSola is down -6.0%, or -25c to $3.93.
SOXS

Hot Stocks

10:00 EDT Direxion Daily Semiconductor Bear 3X Shares falls -6.4% - Direxion Daily Semiconductor Bear 3X Shares is down -6.4%, or -$1.24 to $18.08.
STEM

Hot Stocks

10:00 EDT Stem falls -18.5% - Stem is down -18.5%, or -$1.16 to $5.08.
MPW

Hot Stocks

10:00 EDT Medical Properties Trust rises 7.4% - Medical Properties Trust is up 7.4%, or 55c to $7.96.
NGS

Hot Stocks

10:00 EDT Natural Gas Services rises 11.5% - Natural Gas Services is up 11.5%, or $1.16 to $11.28.
NABL

Hot Stocks

10:00 EDT N-able rises 13.0% - N-able is up 13.0%, or $1.58 to $13.73.
AMBI

Hot Stocks

09:56 EDT Ambit Biosciences Corp trading resumes
EBS

Hot Stocks

09:53 EDT Emergent says over-the-counter Narcan will be available by late summer - Emergent BioSolutions confirmed that the Food and Drug Administration approved Narcan HCI Nasal Spray as an over-the-counter emergency treatment of opioid overdose. Emergent anticipates Narcan will be available on U.S. shelves and at online retailers by the late summer "to account for manufacturing changes that will be implemented to support nonprescription packaging, as well as supply chain modifications." In the meantime, the prescription product will remain in readily available supply through current access channels, including pharmacies through standing order or co-prescription laws and through community distribution, the company said in a statement.
COEP

Hot Stocks

09:52 EDT Coeptis Therapeutics obtains exclusive rights to negotiate to acquire VyGen-Bio - Coeptis Therapeutics has obtained the exclusive right to negotiate towards the acquisition of VyGen-Bio, Inc. or its assets. Coeptis intends to immediately commence its due diligence review of VyGen-Bio's assets, including its IP and knowhow related to rights to GEAR cell therapy and companion diagnostic platforms, and, depending on the results of its due diligence analysis, turn to negotiation of definitive deal documents. VyGen-Bio's product candidates and platforms were discovered by scientists at the world-renowned Karolinska Institutet in Stockholm, Sweden, including Dr. Arnika Wagner, who is expected to play a key collaborative development role for Coeptis as the Company builds its capabilities to develop treatments for cancer and gains technologies to develop additional cell and gene therapies. This transaction, if finalized, would expand upon Coeptis' collaboration with VyGen-Bio, which is currently focused on CD38-GEAR-NK, a natural killer cell therapy for the treatment of CD38+ cancers with an initial focus on multiple myeloma, and CD38-Diagnostic, an in vitro diagnostic tool being developed to help identify cancer patients who may be appropriate candidates for anti-CD38 mAb therapy. In the event a transaction is consummated, Coeptis would then be in a position to advance the development of various GEAR-engineered cells, including NK cells, T cells, and hematopoietic stem cells, and to pursue development of GEAR-engineered cells for use in combination with mAbs that target a potentially wide range of receptor targets. Additional development options that would be explored could include therapeutic modalities where the antigen-specificity of mAbs is used, such as CAR-T and bispecific antibodies for the treatment of a broad range of hematologic malignancies and solid tumors.
GNS

Hot Stocks

09:50 EDT Genius Group settles litigation with Alto Opportunity Master Fund, Ayrton - Genius Group announced it reached an amicable settlement with Alto Opportunity Master Fund, SPC - Segregated Master Portfolio B, Ayrton Capital, LLC and Waqas Khatri and withdrawn the complaint, with prejudice, filed by the Company on February 27, 2023 in the United States District Court Southern District of New York. All parties have worked diligently together to ensure a mutually beneficial agreement has been reached for the joint benefit of the Company's shareholders and the Parties' limited partners. The summary terms of settlement include: The Company acknowledging that it does not believe that Ayrton is an unregistered broker-dealer, has not violated federal securities laws, and has otherwise committed no wrongdoing under the terms of the previously agreed upon August 24, 2022 convertible note financing agreement between the Company and the Parties. The Company has opted to make the remainder of monthly payments it owes on the $18 million convertible note in cash over time, to ensure no further dilution of shares. As such, the Company will not be subject to any future installment-related accelerations at a variable price from the note, unless consented to by the Company. The Company will deliver to the Parties 13 million ordinary shares relating to the redemption of convertible notes due for the period from January to March 2023. The Parties have cancelled convertible notes conversion relating to 36 million of the 49 million shares included within the complaint. The Parties will release the remaining $6.5 million of the note currently held in deposit to the Company. The Parties will invest in the next bona-fide subsequent offering conducted by the Company, at a range of between $3.7 million to $6.2 million based on the Company's current share price, the timing of such future raise to be at the Company's discretion and the final amount within the range at the Parties' discretion. The Company also retains the right to an early redemption of the note, with a 60-day notice period for any such redemption. Various restrictions related to the Company's ability to operate its business were removed, which will enable further flexibility for the Company's management navigating its strategic direction. The Company and the Parties have also reaffirmed their commitment to work together in partnership for the benefit of their respective investors.
EBS

Hot Stocks

09:50 EDT Emergent BioSolutions: FDA approves OTC designation for Narcan Nasal Spray - Emergent BioSolutions announced that the U.S. FDA has approved Narcan Naloxone HCl Nasal Spray 4 mg as an over-the-counter emergency treatment of opioid overdose. This decision comes at a time when approximately every eight minutes, a person dies from an opioid overdose and research shows the epidemic is escalating in the U.S. with the rise in synthetic opioids. By offering Narcan Nasal Spray as an OTC treatment, anyone will be able to access it without a prescription, which is an important step in the fight to reduce the number of opioid overdose deaths occurring each day.
SUP

Hot Stocks

09:47 EDT Superior Industries falls -6.3% - Superior Industries is down -6.3%, or -32c to $4.77.
SOL

Hot Stocks

09:47 EDT ReneSola falls -6.5% - ReneSola is down -6.5%, or -27c to $3.91.
STEM

Hot Stocks

09:47 EDT Stem falls -20.5% - Stem is down -20.5%, or -$1.28 to $4.96.
NGS

Hot Stocks

09:47 EDT Natural Gas Services rises 11.5% - Natural Gas Services is up 11.5%, or $1.16 to $11.28.
NABL

Hot Stocks

09:47 EDT N-able rises 13.8% - N-able is up 13.8%, or $1.68 to $13.83.
EBS

Hot Stocks

09:47 EDT Emergent BioSolutions rises 17.5% - Emergent BioSolutions is up 17.5%, or $1.56 to $10.46.
AMBI

Hot Stocks

09:46 EDT Ambit Biosciences Corp trading halted, volatility trading pause
KSCP

Hot Stocks

09:38 EDT Knightscope announces contract renewal from hospital for K5 ASR - Knightscope announces that a long-time healthcare client has renewed its K5 Autonomous Security Robot contract for the seventh consecutive year.
SGBAF

Hot Stocks

09:36 EDT SES S.A. confirms discussions regarding possible combination with Intelsat - The company said, "In response to rumours in the market, SES S.A. confirms that the company has engaged in discussions regarding a possible combination with Intelsat. At this stage, there can be no certainty that a transaction would materialise. The Board of SES remains fully committed to acting in the best interest of SES and its shareholders."
JBLU

Hot Stocks

09:34 EDT United States Luggage Company partners with JetBlue Travel Products - United States Luggage Company announced a partnership with JetBlue Travel Products. Customers can now purchase travel bags from Briggs & Riley and Solo on Paisly.com, JetBlue Travel Products' homegrown travel booking website, and earn Mosaic-qualifying TrueBlue points along the way. By purchasing a travel bag on Paisly.com, customers will also have access to a 24/7 dedicated phone line to Paisly's helpful humans, should they want to repair or replace their travel bag, plus free shipping and returns on all purchases.
GNS

Hot Stocks

09:34 EDT Genius Group LTD trading halted, news pending
WEN DASH

Hot Stocks

09:32 EDT Wendy's, DoorDash partner for 'Biggie' Power Hours - The companies said, "Wendy's (WEN) and DoorDash (DASH) are ending March the only way we know how - with a BIGGIE deal. That's right, it's time for the biggie-st deal in basketball ahead of the last weekend of biggie games, biggie buckets and biggie wins. It's time for DoorDash and Wendy's Biggie Power Hours. 'Biggie' Power Hours: To properly tip-off the biggie-st weekend in basketball, Wendy's and DoorDash are calling 'Biggie' Power Hours from 6:00 - 7:00 PM EDT on both Thursday, March 30 and Friday, March 31. Planned for one full hour each day across the country, when fans order a Biggie Bag via DoorDash using the promo code BIGGIE and spend at least $12, they'll receive up to $30 off their entire order. Talk about the ultimate pregame to the weekend!"
UAL

Hot Stocks

09:31 EDT United Airlines invests $5M in carbon capture technology company Svante - United announced its $5M investment in carbon capture technology company Svante, which provides materials and technology as part of the value chain that has the potential to convert CO2 removed from the atmosphere and from industrial emission sources into sustainable aviation fuel. This is the latest announced investment from the new UAV Sustainable Flight Fund, a first-of-its-kind investment vehicle that is designed to leverage support from cross-industry businesses in order to support start-ups focused on decarbonizing air travel through SAF research, technology and production.
RUM

Hot Stocks

09:27 EDT Rumble offers 100% creator revenue share for subscription badges until year-end - Rumble announced that creators will receive additional monetization opportunities through the end of 2023. For the rest of the year, creators will receive 100 percent of the revenue from the purchase of monthly subscription badges, which Rumble recently launched for the price of $5 per month.
CPSH

Hot Stocks

09:23 EDT CPS Technologies receivers $5M in purchase orders for hermetic packaging - CPS Technologies has secured $5.0M in purchase orders for hermetic packages from a leading Aerospace electronics manufacturer in support of both U.S. space missions and high-volume production tactical programs. CPS provides Class-H and Class-K hermetic packages subjected to the harshest of environments, such as the Low Earth Orbit, Medium Earth Orbit, as well as the Geosynchronous Equatorial Orbit satellites as well as other deep space programs.
SMSI

Hot Stocks

09:19 EDT Smith Micro provides update on workforce reductions, closes Slovakian operations - Smith Micro provided an update to its previously announced cost reduction initiatives. In furtherance of these initiatives, the company earlier this month executed workforce reductions in the United States and Portugal and announced the further reduction of its global workforce in Serbia and Slovakia. In the aggregate, these actions will result in a reduction of approximately 26% of the company's total global workforce. Along with these actions, the company announced its decision to close its Slovakian operations, effective June 30, 2023. In addition, the company has reduced the base salaries of its executive team and the fees paid to its board of directors and suspended its quarterly bonus program, in all cases until the Company returns to profitability on a non-GAAP basis, including the effects of the restored salaries, board fees and bonus program. The Company has also continued its ongoing optimization initiatives related to third-party costs, as its efforts to migrate family safety customers to the company's SafePath platform near completion.
BLNK

Hot Stocks

09:18 EDT Blink Charging awarded U.S. GSA MAS contract - Blink Charging was awarded a Multiple Award Schedule contract by the U.S. General Services Administration. This contract will allow government customers and federal agencies to easily purchase Blink electric vehicle equipment and services through the GSA Schedule for their EV charging needs.
AIR...

Hot Stocks

09:17 EDT AAR Corp. to acquire nine Boeing 757-200 passenger aircraft - AAR CORP. announced its subsidiary AAR Supply Chain will acquire nine Boeing 757-200 passenger aircraft equipped with 18 Rolls-Royce RB211 engines from American Airlines. The assets have been most recently operated by American Airlines.
EZFL SVRE

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09:16 EDT EzFill, SaverOne launch pilot program in Florida - EzFill Holdings (EZFL) announced a new pilot program with SaverOne 2014 (SVRE). SaverOne has an innovative technology which prevents driver distraction caused by cell phones, by preventing a driver's access to various apps on the device while allowing other passengers to use their devices normally. In its first pilot trial in the United States, SaverOne has provided its technology and service to EzFill, equipping a number of EzFill's mobile fueling trucks with the SaverOne technology. The goal of the trial is to reduce distractions from cell phone use by EzFill drivers, ultimately aiming to reduce the chances of a costly fuel truck accident.
ARCT

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09:15 EDT Arcturus Therapeutics says cash runway now extends to 2026 - In its Q4 results last night, Arcturus Therapeutics stated: "The Company's cash balance totaled $391.9 million at December 31, 2022, compared to a cash balance of $370.5 million at December 31, 2021. In March 2023, the Company repaid Singapore $17.1 million which triggered the elimination of $33.3 million in non-recourse debt pertaining to the ARCT-021 program." Andrew Sassine, CFO of Arcturus Therapeutics, also noted: "Within the first four months of our CSL collaboration, we successfully achieved multiple program objectives, triggering $90 million in milestone payments. Additionally, with the elimination of $33.3 million of non-recourse debt to Singapore, our cash runway now extends into the beginning of 2026."
PRG

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09:14 EDT PROG Holdings announces Sridhar Nallani has joined as CTO - PROG Holdings announced that Sridhar Nallani has joined the Company as Chief Technology Officer, effective February 14, 2023. As CTO, Mr. Nallani leads the teams responsible for development, integration, and innovation of all customer-, partner-, and employee-facing technologies for PROG Holdings and its subsidiaries, including Progressive Leasing's leading lease-to-own products.
NKLA

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09:12 EDT Nikola, Klean Industries partner to convert truck fleets to FCEVs - Klean Industries has executed a Memorandum of Understanding with Nikola Corporation.The companies intend to collaborate and encourage the adoption of Nikola Class 8 zero-emission vehicles with Klean's partners, and feedstock suppliers while developing green hydrogen supply and dispensing infrastructure in the United States and Canada. Nikola will evaluate offtake opportunities from green hydrogen projects being developed by Klean and its partners involving hydroelectric, wind, and solar power in the Pacific Northwest and Canada. Utilizing Klean's green hydrogen, the companies will also work together to convert Klean's logistics partners' truck fleets to Nikola Class 8 zero-emission vehicles.
BSX

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09:11 EDT Boston Scientific enters strategic partnership with Scivita Medical in China - Boston Scientific and medical technology company Scivita Medical have signed a Strategic Agreement for Scivita's Single-Use Percutaneous Choledochoscope. Through this business cooperation and distribution agreement, Scivita Medical and Boston Scientific plan to establish a long-term partnership in the commercialization, marketing and promotion of Scivita's Single-Use Percutaneous Choledochoscope in China. Scivita Medical's single-use videoscopes have covered multiple clinical departments at a high risk of cross-infection, such as Gynecology, Respiratory, Urological Surgery and Hepatobiliary Surgery. Many of its products have already been approved in China, the United States, European Union, Japan and other countries and regions.
MFGCF

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09:10 EDT Mayfair Gold announces latest set of drill results from Fenn-Gib - Mayfair Gold announces the latest set of drill results from the Fenn-Gib resource expansion and infill drill program. Mayfair's 100% controlled Fenn-Gib Project, located in the Timmins region of Northeast Ontario, hosts a NI 43-101 open-pit constrained Indicated Resource of 3.06 million ounces and an Inferred Resource of 0.31M ounces, with disseminated gold mineralization striking east-west on the Pipestone Fault over more than 1.25 kilometers and up to 300 meters wide at the west end. "The size and quality of the Fenn-Gib deposit is evident from the wide areas of higher-grade gold mineralization we continue to define both within and below the current conceptual open pit," said Mayfair Gold President and CEO Patrick Evans. "Gold mineralization has been intercepted in every hole drilled over the past 27 months; however, it is apparent from some of the lower-grade intercepts reported today that we are approaching the outer limits of the Fenn-Gib mineralization. Based on assay results received to date, Mayfair is planning to release an updated NI 43-101 resource statement in the second quarter."
PWFL

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09:09 EDT PowerFleet launches Safety, Security data-powered application to Unity - Powerfleet launched its Safety and Security data-powered application to Unity, its fleet intelligence platform. Unity ingests, compiles, and enriches data from any IoT device or third-party business system. Mixed fleets, over the road or in the warehouse or distribution center, now have a single source of truth to revolutionize the safety of assets, vehicles, and most importantly, its people. With Powerfleet's new and enhanced data-science-driven solution, businesses have improved visibility and insights from real-world safety and security incidents under one comprehensive and highly focused set of dashboards and reporting. This new application represents the first of a number of new and improved modular applications that are expected to be delivered throughout 2023. "In the US alone, there has been a 29% increase in trucking fatalities the past decade, along with more than 70 deaths and 7,000 accidents involving forklifts. Powerfleet is determined to help improve these statistics," said Steve Towe, Chief Executive Officer at Powerfleet. "The safety and security of drivers and fleets is our top priority. This is just the start of the highly relevant, game-changing innovations we will bring, focusing next on businesses ability to improve sustainability in the second quarter of 2023."
PHOT

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09:08 EDT GrowLife's Bridgetown Mushrooms formally enters mycology business - GrowLife, the owner of Bridgetown Mushrooms, has formally entered the fast-growing Mycology business with a complete suite of products tailored to meet the demands of commercial mushroom farmers across the country. Dave Dohrmann, Chairman and CEO of GrowLife, commented, "This past February, Bridgetown answered years of requests from commercial farmers and soft launched our long-coveted proprietary substrate and soil mix, along with a complete suite of Mycology supplies. We began delivering product to Portland-area commercial farmers in early March. Now, we're ready to scale and meet the tremendous demand for our suite of Mycology products across the country. As a result of coming out of the gate this strong, we expect our Mycology division to have a positive material impact on our financial results going forward."
HPQ

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09:07 EDT HP Inc. doubles down on partner growth with program enhancements - HP announced several new partner benefits and program enhancements aimed at driving greater agility, simplification, growth and collaboration. As of November 1, 2023, all HP products, solutions and distribution across its vast portfolio will be integrated into the HP Amplify Program, delivering one global platform as the foundation for partner engagement. "The HP Amplify program represents the industry's first to reward partners across performance, capabilities and collaboration and we're looking forward to integrating our evolving and expanding portfolio into the Amplify Partner Program as of our new fiscal year," said Kobi Elbaz, General Manager, HP Global Channel Organization. "Amplify will continue to serve as the foundation for partner engagement and we will continue to enhance the program based on the evolution of our portfolio, changing market dynamics and most importantly, partner feedback." HP also unveiled two new elements in the HP Amplify program, including the More for More benefit and compensation program, and Fast Lane joint demand generation process. Both the More for More and Fast Lane elements will be deployed in the Amplify partner program in HP's new fiscal year, November 1, 2023.
WH

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09:07 EDT Wyndham Hotels & Resorts becomes official hotel partner of Minor League Baseball - Wyndham Hotels & Resorts announced a new multi-season partnership with Minor League Baseball. The deal makes Wyndham the Official Hotel Partner of Minor League Baseball with its award-winning loyalty program, Wyndham Rewards, becoming MiLB's Official Hotel Loyalty Partner. Through Wyndham's new relationship with Minor League Baseball, Wyndham Rewards members will soon be able to redeem points for access to all that MiLB has to offer, including: tickets to Minor League games, experiences such as throwing a first pitch, behind-the-scenes ballpark tours, batting practice field access and more. Benefits are slated to go live later this summer. Wyndham's partnership with Minor League Baseball also includes branded stadium features, sponsorship of Minor League Baseball's Official Ballpark Guides, a social and digital media presence, and Wyndham booking links on MiLB.com as well as all 120 Minor League Baseball Club sites.
ISUN

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09:06 EDT iSun wins two new solar projects valued at $4.9M in Maine - iSun announced that it had secured two contracts covering 6.0 MW and valued at $4.9M in Maine, with a single developer, to provide expanded solar energy capabilities at two industrial sites. Projects scheduled to begin in spring 2023 and are expected to be completed in early 2024 "We are pleased with our success in winning more solar energy contracts in the significant Maine market, building upon our success there in 2022. These new projects reflect the strengthening of our collaborative relationship with a leading developer, and we plan to begin implementing these projects this spring," said Jeffrey Peck, Chairman and Chief Executive Officer of iSun. "In 2023, we are focused on execution and efficiency, and we intend to work diligently to continue to earn the confidence of our existing customers so that we can help them achieve their goals in alternative energy initiatives. This award demonstrates yet again our strong commitment to accelerating the transition to solar energy for customers in New England."
RDWR

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09:06 EDT Skyhawk Security uses ChatGPT to enhance cloud threat detection - Skyhawk Security announced the company is using ChatGPT to enhance cloud threat detection and make it faster and easier for customers to find and understand security incidents that might otherwise fly under the radar. Tests run by Skyhawk on the new ChatGPT features showed measurable improvements in the speed of detecting breaches based on anomalous activities, doing so at a much lower operational cost. According to Skyhawk's tests on various datasets, in 78% of cases the platform produced alerts earlier when adding ChatGPT to the scoring process. This capability is generally available to Skyhawk customers today at no additional charge.
EBS

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09:06 EDT Emergent jumps 19% to $10.60 after FDA approves over-the-counter Narcan
LSDI

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09:06 EDT Lucy Scientific Discovery appoints Kash Heed as Specific Advisory - Lucy Scientific Discovery announced that former British Columbia Solicitor General Kash Heed has joined the company as a Special Advisor. Among other important contributions, Heed will apply his knowledge from decades of public service to help the company successfully navigate Canada's rapidly evolving drug policy landscape and growing budget focused on mental health and safe-supply programs.
EBS

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09:05 EDT FDA approves Emergent's Narcan for over-the-counter use - The Food and Drug Administration approved Narcan, a naloxone hydrochloride nasal spray, for over-the-counter nonprescription, use, the first naloxone product approved for use without a prescription. Naloxone is a medication that rapidly reverses the effects of opioid overdose and is the standard treatment for opioid overdose, the agency said in a statement. The timeline for availability and price of the product is determined by the manufacturer. The FDA granted the OTC approval of Narcan to Emergent BioSolutions.
CNNRF

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09:05 EDT Canadian Net REIT CEO Jason Parravano resigns, Kevin Henley to succeed - Canadian Net Real Estate Investment Trust announced that they have accepted the resignation of its President, CEO and Trustee, Jason Parravano. After 8 successful years with the Trust, Mr. Parravano will be stepping down from his position on April 25th, 2023. At that time, Kevin Henley, Chief Investment Officer, will assume the role of President and CEO.
SHYF

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09:03 EDT Shyft Group reports damage to Montebello, California facility - The Shyft Group announced that its Montebello, California, facility experienced damage from a tornado on March 22, 2023. No injuries to company personnel were reported. Montebello is a 40,000-square-foot leased facility that manufactures truck bodies and will be closed for the foreseeable future. "Our top priority was ensuring the safety of our team members and I am grateful that all our employees are safe and unharmed," said Daryl Adams, President and CEO of The Shyft Group. "We appreciate our customers' understanding and patience during this unforeseen incident and are working closely with them to ensure minimal disruption to their operations." No material financial impact to the company's 2023 results is expected.
LPLA

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09:03 EDT LPL Financial: Kemp Cunningham joins broker-dealer, RIA, custodial platforms - LPL Financial announced that financial advisor Kemp Cunningham CFP, MBA has joined LPL Financial's broker-dealer, RIA and custodial platforms. He reported having served approximately $125 million in advisory, brokerage and retirement plan assets, and joins LPL from Edward Jones.
ENOB

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09:02 EDT Enochian announces scientific presentation of proof-of-concept studies - Enochian BioSciences announces that Dr. Anahid Jewett, a renowned cancer researcher in the field of immunotherapy for cancer presented proof-of-concept data from two sets of humanized mouse studies conducted independently by her laboratory at the University of California, Los Angeles. The experiments demonstrated highly significant reductions in the weight and volume of pancreatic tumors following therapy with the Company's proprietary technology combining cell-, gene- and immunotherapy. Those results correlated with strong immune responses, indicating proof-of-concept of the way the technology was intended to act. The results were part of an invited plenary lecture delivered by Dr. Jewett at the 8th Annual Innate Killer Summit in San Diego, California. "We are very excited by the promising results from the proof-of-concept studies conducted by Dr. Jewett and her colleagues at UCLA," said Dr. Mark Dybul, CEO of the Company.
BREA

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09:02 EDT Brera Holdings to announce host city for FENIX Trophy 'Final Four' - The FENIX Trophy, called the "Champions League for Amateurs" by BBC Sport, created, owned and promoted by Brera Holdings and recognized by UEFA, has set its field of teams and will shortly announce the host city for its "Final Four" stage taking place in June 2023. The FENIX Trophy tournament in 2023, which is the second annual tournament, will bring together 9 non-professional European football clubs, chosen for their exceptional social, historical and cultural distinctiveness, including clubs rebuilt and run by their fans, clubs featuring significant social and cultural projects, and clubs with extraordinary communication skills. In line with its motto "Making friends, not millionaires," the FENIX TROPHY in just two years of existence has emerged as a European network of cult non-professional clubs.
EDBL

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09:01 EDT Edible Garden completes phase two buildout of Edible Garden Heartland - Edible Gardenannounced that the Edible Garden Heartland greenhouse facility has fulfilled the requirements and obtained all necessary certifications from both the USDA and PrimusGFS. Jim Kras, Chief Executive Officer of Edible Garden, commented, "I am pleased to report that the Edible Garden Heartland greenhouse facility in Grand Rapids, Michigan has been awarded its USDA Organic Certification, as well as the Indoor Agriculture Certificate, Harvest Crew Certificate, and Packinghouse/HACCP Certificate from PrimusGFS, an esteemed audit Certification Program that is widely recognized by the Global Food Safety Initiative for its expertise in ensuring food safety in the fresh produce industry. These certifications were obtained with high scores, further validating Edible Garden's Zero-Waste Inspired mission to deliver fresh produce that is sustainably grown to its customers."
SABR AAL

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09:00 EDT Sabre and American Airlines to go live with NDC content - Sabre (SABR) and American Airlines (AAL) announced the availability of American's NDC offers through Sabre's global distribution system. Starting on April 3, Sabre-connected travel buyers, agencies and developer partners will be able to shop, book, and service American's NDC content, including paid seats, through Sabre's Offer and Order APIs, the agency point-of-sale tool, Sabre Red 360, and the online booking tool, GetThere. Travel buyers connected to the Sabre GDS will be able to choose enhanced offers from American such as the Main Select and Flagship Business Plus fares, ancillary products and the lowest fares available in these channels. They will also have access to more descriptive information on American's flight offers as well as seat selection enabled in the booking path.
STX

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08:58 EDT Seagate expands 2022 Restructuring Plan, sees $55M-$65M in charges - In a regulatory filing, On March 29, Seagate announced it committed to an expansion of the October 2022 Restructuring Plan to extend its previously announced workforce reduction by approximately 480 employees, or 1% of the global headcount. These reductions span multiple functions and locations throughout the company, and include aligning its Lyve Edge-to-Cloud Mass Storage Platform business plan to near-term market conditions and reducing Lyve Cloud investment levels in the near-term, while continuing to support the company's long-term business strategy. The expanded Plan is expected to result in further cost savings to better navigate the current macro-economic challenges. This expansion of the Plan is expected to be substantially completed by the end of the fiscal fourth quarter 2023 and result in total pre-tax charges between $55M-$65M, consisting of cash expenditures between $25M-$30M for employee termination costs and $5M-$10M for other related exit costs, as well as non-cash charges of approximately $25M. The company expects to realize approximately $40M-$45M in annualized savings from this expanded Plan, beginning in the fiscal fourth quarter 2023.
BVS

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08:56 EDT Bioventus reschedules reporting of Q4, 2022 results - Bioventus announced that it will now report financial results for the fourth quarter of fiscal year 2022 before the market opens on Friday, March 31, 2023, rather than as previously announced to allow additional time to complete its financial statements. The Company's management will host a conference call at 8:30 a.m. Eastern Time that same day to discuss the results and provide a business update.
OMQS

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08:56 EDT Omniq selected to deploy machine vision solution in the Middle East - OMNIQ has been selected to deploy its AI-based machine vision solution to additional borders in the Middle East. This is a follow on order to previously announced border control contracts.
GANX

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08:55 EDT Gain Therapeutics presents preclinical data from GBA1 Program - Gain Therapeutics announced the presentation of new pre-clinical data supporting the potential of its structurally targeted allosteric regulators of glucocerebrosidase to prevent neurodegeneration in Alzheimer's disease. The data will be shown in a poster presentation at the 2023 International Conference on Alzheimer's and Parkinson's Diseases and related neurological disorders being held March 28 - April 1, 2023 in Gothenburg, Sweden. The data generated in two cell-based assays of Alzheimer's disease showed that Gain's orally bioavailable, brain-penetrant structurally targeted allosteric regulators of GCase show promising activity against Amyloid Beta 1-42 and oligomeric Tau toxicity, which are thought to underlie neurodegeneration and cognitive impairment in Alzheimer's disease. The neuroprotective properties of STAR compounds were evaluated in cellular models of AD with primary rat cortical and hippocampal neurons challenged with Abeta-1-42 and human Tau oligomers, respectively. The data presented in the poster titled "Small-Molecule Structurally Targeted Allosteric Regulators of Glucocerebrosidase Show Neuroprotective Properties in Cell-Based Models of Alzheimer's Disease," demonstrate in vitro evidence that a STAR compound improves neuronal survival and neurite network and reduces hyperphosphorylated tau in primary rat cortical neurons after Abeta-1-42 injury. Additionally, STAR compounds were shown to reduce hTauO-induced neurotoxicity in primary rat hippocampal neurons. The data therefore demonstrate that structurally targeted allosteric regulators are a potential disease-modifying, novel pharmacological option for the treatment of AD and other tauopathies that warrants further investigation.
BIIB

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08:54 EDT Biogen says BIIB080 'substantially reduced' tau protein level in early-stage AD - Biogen reported Phase 1b clinical data showing that the investigational antisense oligonucleotide therapy, BIIB080, reduced soluble tau protein in cerebrospinal fluid in a dose-dependent and sustained manner in patients with early-stage Alzheimer's disease. BIIB080 also reduced aggregated tau pathology, as measured by positron emission tomography in all brain composites assessed. The primary endpoint of the Phase 1b trial and open-label long-term extension study was safety and tolerability, with biomarker data as an exploratory endpoint. The results were presented at the International Conference on Alzheimer's and Parkinson's Diseases held in Gothenburg, Sweden from March 28 - April 1. In patients with Alzheimer's disease, tau protein can form "tangles" which progressively accumulate in brain regions involved in cognition.2 The accumulation of pathological tau tangles has been shown to promote brain cell damage and death. BIIB080 is designed to target microtubule-associated protein tau mRNA and prevent production of tau protein. The Phase 1b trial and its open-label long-term extension study was designed to evaluate the safety and tolerability of multiple dose levels of BIIB080 in patients with mild AD. In this study, the majority of adverse events were mild or moderate in severity, of which the most common were headache, back pain, and post-lumbar puncture syndrome. The results showed that BIIB080 reduced biomarkers of soluble tau in CSF in a dose-dependent and sustained manner, with all dose groups showing approximately a 60% reduction from baseline CSF tau levels by the end of the long-term extension. BIIB080 impacted aggregated tau pathology as measured by PET as early as week 25 and up to the end of the LTE at week 100, including in patients who began on placebo and received BIIB080 treatment starting at week 25 in the long-term extension. By the end of the LTE, BIIB080 reduced tau pathology in all dose groups across all brain composites assessed. The Phase 2 CELIA study of BIIB080 is in progress and currently recruiting participants in the United States.
UEEC

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08:50 EDT United Health Products reports anomalies from lab testing of HemoStyp samples - United Health Products provided an update on the company's FDA Premarket Approval application process. As disclosed in a press release on January 31, 2023, UHP produced three batch lots of its HemoStyp gauze product to demonstrate consistent manufacturing results, which the company believes to be an important criterion for Premarket Approval. Laboratory testing on samples of these lots was completed to confirm the consistency of the company's manufacturing process, which results are to be included in its final PMA application. The testing results showed several anomalies in product pH level and moisture content that the company, in consultation with the laboratory leadership, believes resulted from unintended partial oxidation during the sample cutting and packaging process that was conducted by an external component supplier. The company notes that this process was carried out to create testing samples and is not an element of the standard manufacturing, packaging and sterilization process that will be reviewed by the FDA in the PMA application. UHP notes further that testing results for other characteristics, such as chloride content, were well below tolerance thresholds in all samples. In light of these anomalies a second round of testing for manufacturing consistency is underway. The company has produced new batch lots which have been delivered directly to the lab where samples will be taken in a more controlled environment. These samples will then undergo the required tests to confirm the uniformity and consistency of the company's manufacturing process. In parallel with this effort, preparation for packaged product testing by the company's packaging partner will continue, providing necessary confirmation of packaging integrity, effective sterilization and other criteria. Because the required tests are being performed by external service providers it is difficult to predict with certainty the time to completion of these final steps in the company's PMA application. Based on recent lab performance and detailed discussions with its packaging partner regarding the necessary protocols to establish packaging procedures that meet the rigorous Class III standards, the company now anticipates it may take until the end of June 2023 to complete, analyze and incorporate these procedures and results into a consolidated PMA application.
IONS BIIB

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08:49 EDT Ionis Pharmaceuticals' IONIS-MAPTRx shows tau reduction efficacy in Alzheimer's - Ionis Pharmaceuticals (IONS) reported that its partner Biogen (BIIB) presented new Phase 1b clinical data showing that IONIS-MAPTRx reduced soluble tau protein in cerebrospinal fluid in a dose-dependent and sustained manner in patients with early-stage Alzheimer's disease. IONIS-MAPTRx also reduced aggregated tau pathology in all brain composites assessed. The primary endpoint of the Phase 1b study and long-term extension study was safety and tolerability, with biomarker data as an exploratory endpoint. The accumulation of pathological tau tangles has been shown to promote neuronal damage and death. IONIS-MAPTRx is an investigational antisense medicine discovered by Ionis that is being developed by Biogen. It is designed to target microtubule-associated protein tau mRNA and prevent production of tau protein. In this study, the majority of adverse events were mild or moderate in severity, of which the most common were headache, back pain, and post-lumbar puncture syndrome. The results showed that IONIS-MAPTRx reduced biomarkers of soluble tau in CSF in a dose-dependent and sustained manner, with all dose groups showing approximately a 60% reduction from baseline CSF tau levels by the end of the LTE. The Phase 2 study of IONIS-MAPTRx is in progress and currently recruiting participants in the U.S.
CNDT

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08:48 EDT Conduent implements child support payment processing system in New Hampshire - Conduent announced the implementation of an advanced cloud-based system to process child support payments for the New Hampshire Department of Health and Human Services. The new system, which supports more than 31,000 families in New Hampshire, adds automated processes for the department's State Disbursement Unit and makes disbursements more quickly and efficiently. The SDU securely receives and distributes child support payments via various methods like debit cards, electronic deposits or checks.
CLH

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08:45 EDT Clean Harbors: With Organic growth only model sees FY27 adjusted EBITDA $1.4B - Clean Harbors will unveil "Vision 2027," the Company's long-term growth strategy, during its 2023 Investor Day in Chicago. The event will feature presentations by several members of its executive leadership. The team will discuss the Company's strategic priorities and disciplined capital allocation strategy, provide an in-depth review of core businesses and corporate functions and introduce Clean Harbors' long-term financial targets. "Driven by our commitment to achieving a superior return on invested capital, our five-year targets for Adjusted EBITDA and adjusted free cash flow are expected to build on our original mission," said co-CEO Mike Battles. "We believe that these new anticipated milestones within our Vision 2027 reflect the significant growth potential of our businesses and the long-term stability of our markets. Today's speakers will also highlight the multiple industry tailwinds we see for our Company in the coming years, including reshoring, regulations and the shift toward sustainable solutions. These market dynamics will underpin the next exciting phase of the Company's growth that will consist of a combination of organic growth and acquisitions, which has been Clean Harbors' formula for success throughout its long history." Clean Harbors' five-year financial targets include: An organic growth only model that we expect will generate 2027 Adjusted EBITDA* of ~$1.4B and adjusted free cash flow* of ~$600M. A model combining both organic growth and acquisitions that we expect will generate 2027 Adjusted EBITDA* of ~$2B and adjusted free cash flow* of ~$800M. Assumptions associated with both models include: Expected revenue growth that is 100-300 basis points above U.S. GDP, and Expected adjusted EBITDA* growth that is 200-300 basis points above revenue growth. For the organic growth only model, the Company assumes no acquisitions completed over the five-year period resulting in a significant cash build.
TAOP

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08:37 EDT Taoping enters long-term strategic cooperation agreement with Zhaoyuan City - Taoping has entered into a long-term strategic cooperation agreement with Zhaoyuan City, Shandong Province. Under the Agreement, Taoping expects to provide customized intelligent product solutions, including its IoT Smart Rest Station, fully autonomous street sweeper, smart large screen displays, and Blue Box off-grid wastewater treatment solution. Zhaoyuan City plans to provide the company with multiple channels of support and preferential policies. As part of the Agreement, both parties will also work together on low-carbon environmental protection, urban renewal, rural ecological revitalization, and other related projects. Zhaoyuan City, located in East China, is an industrial and agricultural city, with more than 500,000 residents.
BKTI

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08:37 EDT BK Technologies receives $781K order for KNG Series mobile radios - BK Technologies received a purchase order valued at $781,000 from the California Department of Forestry and Fire Protection for its KNG Series mobile radio.
CTSO

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08:36 EDT CytoSorbents announces study on CytoSorb hemoperfusion - CytoSorbents highlights the recently published study entitled, "CytoSorb hemoperfusion markedly attenuates circulating cytokine concentrations during systemic inflammation in humans in vivo" in the renowned medical journal "Critical Care." In this landmark publication, leading sepsis researchers in the group of Prof. Dr. Peter Pickkers from Radboud University Medical Center, Nijmegen, Netherlands convincingly demonstrate the robust ability of CytoSorb to rapidly reduce cytokine storm during systemic hyperinflammation in a well-controlled and well-established human experimental sepsis model. In this clinical study, Jensen, et al., intravenously administered bacterial lipopolysaccharide endotoxin - a dangerous toxin found on the surface of most Gram-negative bacteria such as E. coli, Pseudomonas, and Klebsiella - to twenty-four healthy male volunteers. Endotoxin is a common culprit in sepsis that potently activates the immune system, triggering the high production of cytokines, often called a "cytokine storm," and severe inflammation. Extracorporeal blood purification with CytoSorb was then used to treat half of the volunteers for a total of 6 hours. Baseline demographic characteristics between those that received CytoSorb therapy and those that did not were similar. All other interventions between the two groups were identical. Cytokine measurements were taken every hour or half-hour throughout the experiment. Intravenous administration of endotoxin resulted in impressive transient increases in cytokine concentrations in the control group, characteristic of levels seen in a true cytokine storm. Meanwhile, the CytoSorb group had significantly lower plasma levels of cytokines, including TNF and MIP-1a, showing that CytoSorb profoundly attenuates the increase in circulating cytokine concentrations during endotoxin-induced systemic inflammation in humans. This result is very clinically relevant, as the severity and duration of cytokine storm and inflammation in sepsis are directly correlated with life-threatening complications such as shock, respiratory failure, and other organ failure, and the risk of death.
VRAR

Hot Stocks

08:36 EDT Foretell Reality partners with UMD Robert H. Smith School of Business - The Glimpse Group announced that its subsidiary company, Foretell Reality, has partnered with The University of Maryland- Robert H. Smith School of Business - to provide immersive learning for undergraduates, with an initial focus on supply change management education. Foretell Reality created an immersive learning experience for UMD Business School that allows students to explore and solve real-world problems in a virtual warehouse environment utilizing VR. The use of VR technology for hands-on, experiential learning is designed to give students an edge when entering the job market and to better prepare them for a career in supply chain management, especially in the growing field of automated supply chain management.
GTII

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08:34 EDT Global Tech Industries updates shareholders on contact with FINRA - Global Tech Industries has been in further contact with FINRA regarding its corporate action request to issue a dividend to its shareholders, in the form of one restricted share for every ten shares held, as of the record date of April 15, 2023. Since its board of directors initially approved and authorized management to submit the corporate action request on March 9, 2023, FINRA has asked for additional information and clarification regarding the dividend request, which the company promptly supplied. The Company is focused on complying with any and all requests from FINRA in order to complete the dividend for its shareholders and is not undertaking, nor has plans to undertake any other corporate actions, including a forward or reverse split of its common stock.
NKLA

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08:34 EDT Nikola says has received orders for 100 Class 8 FCEVs - Nikola announced that Nikola and its dealer network have received orders for 100 Class 8 Nikola Tre hydrogen fuel cell electric vehicles. Deliveries of the purpose-built heavy-duty trucks will begin in Q4.
KULR GS

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08:34 EDT KULR Technology appoints Shawn Canter as new FO - KULR Technology (KULR) announced it has strengthened its executive leadership team with the appointment of Shawn Canter as its Chief Financial Officer, CFO. Canter begins his role at the Company effective March 31, 2023.Canter is a seasoned corporate executive and board member with over 25 years of experience leading teams in hands-on roles in both institutional and early/growth stage companies bringing solutions to complex situations. He gained significant financial and transactional experience as an executive in M&A at Goldman Sachs (GS) and at Bank of America's investment bank where he also served as Chief Operating Officer of M&A.
PMN

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08:33 EDT ProMIS Neurosciences presents in vitro preclinical data on PMN310 - ProMIS Neurosciences presented new in vitro preclinical data supporting the differentiation of PMN310 from other amyloid-beta-directed antibodies at the International Conference on Alzheimer's and Parkinson's Disease and Related Neurological Disorders. Antibody therapies that target Abeta in AD continue to generate interest with recent approvals and new potential treatments in development. A large body of evidence suggests that soluble toxic Abeta oligomers, rather than Abeta monomers or plaque, are the principal driver of synaptic dysfunction, neuronal loss and cognitive decline in AD patients. However, it has been a challenge to specifically target toxic oligomers since they are the least abundant form of Abeta in the brain. In preclinical studies, ProMIS Neurosciences' lead candidate, PMN310, has demonstrated its ability to selectively target pathogenic Abeta oligomers without unproductive binding to non-toxic monomers or plaque. In a poster presentation titled, "Differentiation of PMN310 from other amyloid-beta-directed antibodies: Ability to selectively target toxic brain oligomers despite competing monomers and plaque," surface plasmon resonance was used to assess the binding of multiple Abeta-directed antibodies to a toxic oligomer-enriched low molecular weight fraction of soluble brain extract from AD patients, with and without pre-exposure to competing monomers. The antibodies that best avoided monomer competition and retained measurable binding to AD brain toxic oligomers have also generated positive results in clinical trials. Antibodies that could not overcome monomer competition have produced negative clinical trial results. In this side-by-side comparison in a nonclinical assay, PMN310 was the least impacted by monomer competition, resulting in an overall greater toxic oligomer binding level versus all comparators. Further, in contrast to the other Abeta-directed antibodies, PMN310 did not bind to plaque or vascular deposits in AD brain, suggesting that it may carry a reduced risk of dose-limiting ARIA side effects associated with plaque-binding antibodies.
CVS SGFY

Hot Stocks

08:33 EDT CVS Health completes acquisition of Signify Health - Under the terms of the transaction, each outstanding share of Signify Health (SGFY) common stock is being exchanged for $30.50 in cash, representing a total transaction value of approximately $8B. CVS Health (CVS) funded the transaction price with existing cash and available resources and is committed to maintaining its current credit ratings.
AQST

Hot Stocks

08:32 EDT Aquestive Therapeutics expands license, supply agreement with Pharmanovia - Aquestive Therapeutics announced it has expanded its exclusive license and supply agreement with Atnahs Pharma UK Limited for Libervant Buccal Film to cover the rest of the world, excluding the United States, Canada, and China. The original licensing agreement with Pharmanovia announced in September 2022 covered the European Union, United Kingdom, Sweden, Switzerland, and Norway, as well as countries in the Middle East and North Africa, MENA. "We are pleased to announce the expansion of our collaboration with Pharmanovia," said Daniel Barber, Chief Executive Officer of Aquestive. "We believe Pharmanovia's experience and geographic footprint align well with our goal of providing patients throughout the world with access to Libervant. This announcement also aligns with our mission to put the patient at the center of everything we do. We will continue to advocate for patient access, patient choice, and patient empowerment on a global basis."
VHC

Hot Stocks

08:31 EDT VirnetX enters non-exclusive sales agreement with Solution Synergy - VirnetX announced that it has entered into a non-exclusive sales agreement with Solution Synergy, under which Solution Synergy will market and sell the VirnetX One family of products, including VirnetX Matrix and War Room, to healthcare enterprises as well as state and local governments and public safety departments.
SOMC

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08:27 EDT Southern Michigan Bancorp increases quarterly dividend to 14c per share - The Board of Directors of Southern Michigan Bancorp approved an increase to the quarterly cash dividend that will be paid in April 2023. The 14c per share dividend is an increase of 1c per share over the January 2023 cash dividend payment of 13c per share. The dividend is payable on April 21, 2023 to shareholders of record April 10, 2023. The annualized cash dividend of 56c per share represents a 3.01% dividend yield based on the current market price of $18.61 per share.
ACHV

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08:20 EDT Achieve Life says last subject's last visit complete for Phase 3 ORCA-3 trial - Achieve Life Sciences announced that the last study follow-up visit for the last subject enrolled in the Phase 3 ORCA-3 trial has occurred. "We are pleased to have reached this final milestone in the Phase 3 ORCA-3 trial and continue to expect topline data results from this trial, as well as results from the ORCA-V1 trial of cytisinicline as a treatment for e-cigarette cessation, to be reported in the second quarter of this year," commented John Bencich, Chief Executive Officer of Achieve. The ORCA-3 trial randomized 792 subjects across 20 clinical locations in the United States.
PTRA

Hot Stocks

08:20 EDT Proterra announces South Carolina Department of Education to deploy 160 TBB - The South Carolina Department of Education will deploy 160 Thomas Built Buses, TBB, electric school buses in school districts across the state over the next year, under a new procurement finalized this month between the Department of Education and Thomas Built Buses dealer Interstate Transportation. The Department of Education's purchase of 160 new Proterra Powered Saf-T-Liner C2 Jouley electric school buses represents the single largest order of electric school buses funded entirely by the EPA's new Clean School Bus Program to date. "We applaud the state of South Carolina for their commitment to providing emission-free pupil transportation solutions to the many areas awarded funding through the Clean School Bus Program," said Kevin Bangston, president and CEO of Thomas Built Buses. "It's an ambitious undertaking and we are proud to be a key partner in this initiative."
BCDA

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08:19 EDT BioCardia sees cash runway into 3Q23 - Net cash used in operations was approximately $10.6 million in 2022, compared to $10.4 million in 2021. The Company ended the year with cash and cash equivalents totaling $7.4 million, providing runway into the third quarter of 2023.
OLK

Hot Stocks

08:18 EDT Olink technology enables further development of South African research - Olink announced that the regional proteomic facility, D-CYPHR in Cape Town, South Africa has adopted Olink technology and has become the first service provider using the Olink Target and Olink Flex platforms for targeted protein biomarker discovery on the African continent. D-CYPHR is a new facility co-founded by the Centre for Proteomic and Genomic Research and the Institute of Infectious Disease and Molecular Medicine under the DIPLOMICS network programme, an initiative by the South African Department of Science and Innovation. "Olink is immensely proud to see our technology contributing to the outstanding research efforts in South Africa. We know that our technology will further stimulate the development of groundbreaking science, enhancing the well-being of people around the world," said Jon Heimer, CEO of Olink. "This is an exciting first step in what I'm confident will be a fruitful and collaborative journey."
VRSSF

Hot Stocks

08:17 EDT Verses, SimWell partner to enhance digital twin stimulations with KOSMOS - VERSES Technologies announces a strategic partnership with SimWell. This collaboration strives to leverage the power of knowledge models and digital twin technologies to deliver insights, optimization, and efficiency for businesses worldwide. The partnership is expected to leverage VERSES' advanced A.I. and SimWell's experience building digital twins to deliver predictive modeling simulations. This collaboration aims to empower enterprise clients in the retail, warehousing, consumer brand, manufacturing, logistics, and supply chain sectors to generate real-time models to make data-driven decisions, optimize processes, and reduce costs while setting themselves apart in the competitive global market. "Spending $500K-$1M simulating your process before committing to multimillion dollar and multi-year projects only works if you trust the simulation and with SimWell that trust has been demonstrated repeatedly around the world." said James Hendrickson, President and General Manager of VERSES Logistics Inc., a wholly owned subsidiary of the Company that serves as its global enterprise-specific business unit. "We're most excited about the cultural and technical alignment between VERSES and SimWell. Our combined energy benefits global customers and partners with expertise and tools that drive transformation across enterprise verticals."
CRSP

Hot Stocks

08:16 EDT Crispr Therapeutics announces departure of board member - CRISPR Therapeutics announced that Brad Bolzon, Ph.D., Chairman and Managing Director of Versant Ventures, is stepping down from the Board of Directors after nearly a decade of service.
GMVD

Hot Stocks

08:15 EDT G Medical Innovations enters into agreement with AdventHealth Central Florida - G Medical Innovations announced that its wholly-owned subsidiary, G Medical Innovations USA, Inc., has entered into an agreement with AdventHealth Central Florida to expand the health care system's remote patient monitoring capabilities. Pursuant to the agreement, G Medical Innovations will provide devices to AdventHealth for remote patient monitoring, mobile cardiac telemetry and extended holter monitoring for AdventHealth patients. The innovative technology provided by G Medical Innovations will help providers better monitor and diagnose new onset cardiovascular symptoms as part of AdventHealth's growing virtual care center. Available to both adult and pediatric patients in AdventHealth's Central Florida division, that sees more than 5.7 million patients annually, the cloud-based monitoring system includes a small, waterproof monitor received by mail after discharge from one of AdventHealth's 20 hospitals and emergency departments in Central Florida. Patient symptoms can then be monitored in real-time from the comfort of their home through the AdventHealth virtual care center. Those who experience unusual arrythmias or other monitored symptoms receive immediate communication from providers, enabling greater access to care and, in some cases, earlier diagnoses of serious medical conditions.
CRBU

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08:15 EDT Caribou initiates dose expansion portion of CB-010 ANTLER Phase 1 trial - Caribou Biosciences announced initiation of the dose expansion portion of the CB-010 ANTLER Phase 1 trial in second-line patients with large B cell lymphoma following the recent completion of dose escalation. CB-010 is an allogeneic cell therapy being evaluated in patients with relapsed or refractory B cell non-Hodgkin lymphoma. In ANTLER dose escalation, CB-010 was generally well tolerated at all 3 dose levels evaluated, demonstrating an encouraging safety profile. The observed adverse events were consistent with autologous or allogeneic anti-CD19 CAR-T cell therapies. Most recently, no dose-limiting toxicities were observed in the 3 patients treated with CB-010 at dose level 3. As previously reported, at dose level 1, 6 of the 6 patients in cohort 1 achieved a complete response as best response, 3 of the 6 patients maintained their complete response at 6 months, and 2 of the 6 patients maintained their complete response at 12 months. In dose escalation, ANTLER enrolled patients following a minimum of two prior lines of therapy as well as primary refractory patients. In the ANTLER dose expansion portion, Caribou plans to evaluate 2 different dose levels of CB-010, each evaluated as a single-dose regimen, in approximately 30 total second-line patients to determine the recommended Phase 2 dose. Once the RP2D is determined, Caribou may enroll additional patients, including patients who have failed prior CD19-targeted therapies. Caribou expects the collective data from ANTLER will inform a potential pivotal trial plan. Caribou expects to provide an ANTLER trial safety and efficacy data update in H2 2023, including data from at least 15 patients from dose escalation with a minimum of 6 months of follow up.
FSLR

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08:13 EDT First Solar announces facility in India awarded financial incentives - First Solar announced that its manufacturing facility in India has been awarded financial incentives under the Indian government's Production Linked Incentive program. First Solar was one of only three manufacturers selected to receive the full range of incentives, which are reserved for fully vertically integrated manufacturing. The incentives are subject to the facility meeting product efficiency and domestic value creation thresholds, which will be evaluated on a quarterly basis beginning in the second quarter of 2026 through 2031. First Solar's new facility, expected to be commissioned in the second half of this year, is located in the state of Tamil Nadu and will have an annual nameplate capacity of 3.4 gigawattsDC. First Solar is also expanding its US manufacturing footprint, which currently stands at over 5 GW of annual nameplate capacity with three operating factories in Ohio, to over 10 GW by 2025 when it completes its new $1.1 billion factory in Alabama and a $185 million expansion of its existing capacity in Ohio. The company is expected to have over 20 GW of annual global nameplate manufacturing capacity by 2025.
CRBU

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08:12 EDT Caribou Biosciences doses first patient in CaMMouflage Phase 1 trial of CB-011 - Caribou Biosciences announced the first patient has been dosed with CB-011 at dose level 1 in the CaMMouflage Phase 1 trial for adults with relapsed or refractory multiple myeloma. CB-011 is an allogeneic anti-BCMA CAR-T cell therapy designed to improve antitumor activity by reducing T and natural killer cell-mediated rejection. CB-011 is the first allogeneic CAR-T cell therapy, to Caribou's knowledge, with an immune cloaking approach that includes both removal of the endogenous beta-2 microglobulin protein and insertion of a B2M-human-leukocyte-antigen-E-peptide transgene. This strategy has the potential to improve the antitumor activity by blunting CAR-T cell rejection mediated by both the patient's T cells and NK cells. Caribou plans to continue to enroll additional patients at dose level 1 in the CaMMouflage trial and provide an update on the clearance of dose levels as appropriate.
ENPH

Hot Stocks

08:12 EDT Enphase Energy launches new IQ8 microinverters in France, the Netherlands - Enphase Energy announced that it has started shipping IQ8 Microinverters, with peak output AC power of 384VA, in France and the Netherlands to support newer high-powered solar modules. This follows the introduction of IQ8M and IQ8+ Microinverters last year in these markets. The new IQ8 Microinverters are designed to maximize energy production and can manage a continuous DC current of 14 amperes, supporting higher powered solar modules through increased energy harvesting, while maintaining full compatibility with previously released IQ8 Microinverters. "We are excited to continue growing and innovating with leading installers across Europe to meet the increasing customer demand for clean, reliable energy," said Dave Ranhoff, chief commercial officer at Enphase Energy. "Our latest IQ8 products give our installers an edge to help maximize the value of home energy management systems and provide the best customer experience possible."
AKTX

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08:10 EDT Akari announces Poland, U.K. approve new manufacturing process for nomacopan - Akari Therapeutics announced regulatory authorities in Poland and the U.K. have approved amendments to the company's Investigational Medicinal Product Dossiernd Clinical Trial Authorisation, respectively, for clinical use of the third-generation drug substance manufacturing process that increases the final yield of nomacopan by at least 5-fold. "The clearance by regulators in the U.K. and Poland of Akari's newer, enhanced manufacturing process for nomacopan is another important step forward in our progress toward the pivotal Part B in our clinical trials in pediatric HSCT-TMA," said Rachelle Jacques, President and Chief Executive Officer of Akari Therapeutics. The Phase 3 study of nomacopan in pediatric HSCT-TMA includes clinical trial sites in Poland, the U.K. and U.S.
KALA

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08:10 EDT Kala Pharmaceuticals appoints Francis Mah as chief medical advisor - Kala Pharmaceuticals announced the appointment of Francis Mah, M.D., as Chief Medical Advisor. In this newly established role, Dr. Mah will provide support for Kala's clinical development and medical activities and will play a key role in interactions with eye care professionals. Dr. Mah will serve in this role on a part time basis while continuing his ongoing position as Director of Cornea and External Disease and the Co-Director, Refractive Surgery at Scripps Clinic.
NVEE

Hot Stocks

08:09 EDT NV5 awarded $11M essential infrastructure projects in California, New Mexico - NV5 Global announced that it has been awarded $11M in contracts to support utility and transportation infrastructure improvements in California and New Mexico. A major California utility selected NV5 for approximately $5 million in surveying contract awards to support electrical service reliability. NV5 will provide topographic, boundary, construction, route, and utility inspection surveys as part of utility infrastructure improvements including electrical system hardening, fire mitigation, and utility distribution enhancements. The New Mexico Department of Transportation awarded NV5 a $3 million contract to provide engineering design services for roadway and alignment improvements on New Mexico State Road 68. The roadway improvements include a full renovation of roadways including ADA compliance services to improve safety for drivers, pedestrians, and cyclists. NV5 was also selected by the City of San Diego Development Services Department for a $3 million plan check and inspection services contract. Under the agreement, NV5 will provide multidisciplinary engineering, building and safety plan review, records management, and building inspection services to assist the city with infrastructure and building permit processing.
DDI

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08:09 EDT DoubleDown announces results of 2023 Annual General Meeting - DoubleDown Interactive announced that at the annual general meeting of shareholders held on March 29, 2023 at 11:00 a.m., Korea Standard Time in Seoul, Korea, the following actions were taken by the shareholders of record as of December 31, 2022 on the proposed resolutions: Approval of the 15th financial statements for the fiscal year ended December 31, 2022; Rejection of the shareholder proposal for a declaration of a cash dividend in the aggregate amount of $50,000,000 as proposed by STIC Special Situation Diamond Limited; Approval of the amendment to business purposes of the Company under Chapter I, Article 2 of the Company's Articles of Incorporation; Re-election of each of Yanghoon Cho and Jaesung Chung as a non-executive independent director of the Company for a new three-year term commencing on May 20, 2023 and ending on May 20, 2026; Approval of the aggregate remuneration limit of KRW5,000,000,000 for independent directors and executive officers for the fiscal year ending December 31, 2023; and Ratification of the appointment of Samil PricewaterhouseCoopers as the independent registered public accounting firm of the Company for the fiscal years ending December 31, 2023, 2024 and 2025.
HRMY

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08:08 EDT Harmony Biosciences reports accelerated timeline for Phase 3 hypersomnia study - Harmony Biosciences announced an accelerated timeline for completing its Phase 3 INTUNE study evaluating the safety and efficacy of pitolisant in adult patients with idiopathic hypersomnia. The company now expects to complete enrollment in Q2 with topline data anticipated in Q4. The results of a recent pre-specified interim sample size analysis by an independent data monitoring committee concluded that the study can continue with the original planned sample size. This, along with the pace of enrollment, confirms the accelerated timeline toward expected completion of the trial. The primary objective is to evaluate the safety and efficacy of pitolisant compared with placebo in treating excessive daytime sleepiness in adult patients with IH. Secondary objectives of the study include the impact of pitolisant on other important symptoms of IH, such as sleep inertia and cognitive impairment. Pitolisant is marketed in the U.S. for the treatment of EDS or cataplexy in adult patients with narcolepsy. Pitolisant is not approved for IH and is currently being evaluated as an investigational agent in patients with IH.
RAPT

Hot Stocks

08:08 EDT Rapt Therapeutics announces initiation of Phase 2a trial of RPT193 - RAPT Therapeutics announced that it has initiated its global 14-week randomized, double-blind, placebo-controlled Phase 2a clinical trial to evaluate the efficacy and safety of RPT193 as an oral, once-daily monotherapy in patients with moderate-to-severe asthma. "We are excited by the potential of RPT193 as a well-tolerated, once-daily, oral treatment for patients with asthma," said Brian Wong, M.D., Ph.D., President and CEO of RAPT. "Following promising results from our Phase 1b trial in atopic dermatitis, where RPT193 demonstrated clinically meaningful improvement in signs and symptoms of the disease, we see asthma as the next pillar in our pipeline-in-a-product strategy. We look forward to generating proof-of-concept in this indication."
PCRX

Hot Stocks

08:07 EDT Pacira announces FDA clearance of sNDA for EXPAREL label - Pacira BioSciences announced the U.S. Food and Drug Administration, FDA, has accepted the submission of its supplemental new drug application, sNDA, seeking expansion of the EXPAREL label to include both single-dose sciatic nerve block in the popliteal fossa as well as femoral nerve block in the adductor canal. The expected action date by the FDA under the Prescription Drug User Fee Act, PDUFA, is November 13, 2023. The sNDA is supported by two successful Phase 3 studies in which EXPAREL achieved statistically significant and clinically meaningful reductions in postsurgical pain and opioid consumption through 96 hours compared with bupivacaine HCl following lower extremity surgical procedures including bunionectomy and total knee arthroplasty. "We believe these positive datasets provide the basis for broadening the EXPAREL label to include both sciatic and femoral nerve blocks, which represents the opportunity to manage pain with a single 10 mL dose of EXPAREL for more than 3 million lower extremity procedures annually," said Dave Stack, chief executive officer and chairman of Pacira BioSciences. "Importantly, this potential approval would give clinicians a safe and effective tool to provide four days of postsurgical pain control, reduce opioid requirements, and continue to migrate relevant orthopedic procedures to the outpatient setting."
FOUR

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08:07 EDT Baltimore Orioles select Shift4 to process payments for ballpark concessions - "We're thrilled to partner with the Orioles to deliver a best-in-class guest experience," said Anthony Perez, Shift4's SVP of New Verticals. "Fans can expect all their transactions at concession stands and retail locations to be as quick and seamless as possible so that they can get back to enjoying the game." Today, Shift4's integrated commerce solutions are used by every major professional sports league as well as colleges, entertainment venues, and many other business verticals - transforming the way fans and guests shop, order, and pay. To learn more, visit shift4.com/sports-entertainment.
PGEN

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08:07 EDT Precigen: First patient dosed in Phase 1/1b study of of PRGN-3007 - Precigen announced that the first patient has been dosed in the Phase 1/1b dose escalation/dose expansion study of PRGN-3007 in advanced ROR1-positive hematological and solid tumors. The target patient population for the study includes chronic lymphocytic leukemia, mantle cell lymphoma, acute lymphoblastic leukemia, and diffuse large B-cell lymphoma and solid tumors, including breast adenocarcinomas encompassing triple negative breast cancer. There are estimated to be more than 100,000 patients diagnosed in both the hematological and TNBC target populations in the United States, European Union and Japan in 2023.
THRD

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08:06 EDT Third Harmonic Bio expects cash to fund requirements through next 12 months - Cash and cash equivalents totaled $288.9 million as of December 31, 2022. Based on the company's current operating plan, Third Harmonic Bio believes that its existing cash and cash equivalents, will be sufficient to fund its operating expenses and capital expenditure requirements through at least the next twelve months.
PRQR

Hot Stocks

08:06 EDT ProQR announces initial pipeline targets, highlights Axiomer platfotform - ProQR Therapeutics announced initial pipeline programs focused on diseases that originate in the liver. ProQR will host a virtual R&D event today, during which the Company will showcase its proprietary Axiomer RNA-editing technology platform, detail the pipeline, and provide guidance on the advancement of programs toward the clinic. ProQR also reported its 2022 year-end financials and the extension of its cash runway guidance. "Today's R&D event highlights the important progress we have made to advance our proprietary Axiomer RNA editing platform technology and demonstrate its broad applicability, as we develop treatments for diseases with high unmet need," said Daniel A. de Boer, Chief Executive Officer of ProQR. "Along with our preclinical proof of concept data for the platform, a partnership with Eli Lilly that is exclusively focused on RNA editing, leading IP position, and cash runway into mid-2026, ProQR is leading the advancement of RNA editing as a new class of therapies for patients." ProQR announced AX-0810 for Cholestatic Diseases targeting NTCP and AX-1412 for Cardiovascular Disease targeting B4GALT1 as initial pipeline programs. These programs share several key characteristics including a deep rooting in human genetics, the potential to have a major impact in indications with high unmet medical need, the ability to leverage the existing proven delivery technology to the liver, the opportunity to monitor early biomarkers to establish target engagement in Phase I trials for human proof of concept, and the availability of well-defined clinical endpoints.
SVRE EZFL

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08:06 EDT EzFill and SaverOne 2014 launch driving safety pilot program in Florida - EzFill (EZFL) announced a new pilot program with SaverOne 2014 (SVRE). SaverOne has technology which prevents driver distraction caused by cell phones, by preventing a driver's access to various apps on the device while allowing other passengers to use their devices normally. In its first pilot trial in the United States, SaverOne has provided its technology and service to EzFill, equipping a number of EzFill's mobile fueling trucks with the SaverOne technology. The goal of the trial is to reduce distractions from cell phone use by EzFill drivers, ultimately aiming to reduce the chances of a costly fuel truck accident.
ESTA

Hot Stocks

08:05 EDT Establishment Labs has surpassed three million Motiva devices in market - Establishment Labs Holdings announced that it has surpassed three million Motiva devices in market. "Since its founding, Establishment Labs has been guided by one core principle: putting women at the center of everything we do," said Juan Jose Chacon-Quiros, Establishment Labs CEO and Founder. "We let science, engineering, and evidence drive our research and development, and this is reflected in the outstanding performance of our portfolio of solutions for breast aesthetics and reconstruction. By leading with innovation for over twelve years now, we have transformed the future of this industry." "The superior performance of Motiva is seen in our internal registries and warranty claims, as well as from independent registries and peer-reviewed publications, all of which are referenced in our annual Post Market Surveillance report," said Dr. Heather Brennan, General Manager, Global Markets. "Our expectations for continued growth are clear: with our new Sulayom Campus, which is opening in July, we are more than doubling our manufacturing capacity to address the growing demand for Motiva. We believe that by setting new standards in safety and clinical performance, we will expand markets in breast aesthetics and reconstruction."
HON

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08:04 EDT Honeywell invests in Energy-as-a-Service provider Redaptive - Honeywell announced a strategic investment in Redaptive, which will accelerate a collaboration to bring Energy-as-a-Service capabilities to private sector-owned commercial and industrial buildings. This investment helps enable the deployment of technologies designed to reduce carbon emissions across a portfolio of buildings. Terms of the investment were not disclosed. This collaboration aims to create the opportunity for customers to generate energy savings in a capital efficient manner.
CURLF

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08:02 EDT Curaleaf to acquire Deseret Wellness for $20M - Curaleaf Holdings announced that it has entered into a definitive agreement to acquire Deseret Wellness, the largest cannabis retail operator in Utah, in a cash and stock transaction valued at approximately $20M. The Transaction is expected to close imminently, subject to customary closing conditions. The proposed Transaction with Deseret includes three retail dispensaries located in the cities of Park City, Provo and Payson, with a combined annualized revenue run rate of $14M. Deseret immediately strengthens Curaleaf's retail footprint in Utah, providing the state's medical patients with a wide variety of quality products including cannabis flower, vape cartridges, edibles, and concentrates. Following the close of Deseret, Curaleaf's retail footprint will increase to four dispensaries in Utah and 150 nationwide.
SR

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08:02 EDT Spire CEO Suzanne Sitherwood retiring at year's end, board initiates CEO search - Spire CEO Suzanne Sitherwood has informed the Board of her intention to retire from the company at the end of 2023, after serving 12 years in the role. The Board has initiated a search process to find a successor. The Board will engage a leading, independent executive search firm to assist in a thorough and comprehensive process that considers both internal and external candidates.
SANG

Hot Stocks

07:43 EDT Sangoma Technologies files Form F-3 Resale Registration Statement - Sangoma Technologies filed a resale registration statement on Form F-3 with the Securities and Exchange Commission for the registration of 12,271,637 of its common shares previously issued or to be issued pursuant to the terms of that certain stock purchase agreement previously entered into by the Company in connection with the acquisition of StarBlue Inc. on March 31, 2021. As partial consideration for the StarBlue Acquisition, the Company previously agreed to issue 15,714,285 Common Shares to the sellers of StarBlue, the majority of which was to be issued and distributed in fourteen quarterly installments commencing on April 1, 2022. As of the date hereof, 9,142,856 Common Shares remain to be issued on a quarterly basis, with the final release scheduled for January 2026. In connection with the Share Registration, the Company has entered into an amendment to the Purchase Agreement, effective as of March 27, 2023, which provides that all of the Remaining Consideration shall be issued and distributed to the StarBlue Sellers on the later of the fifth business day following the effective date of the Resale Registration Statement and such other date as mutually agreed by the Company and the StarBlue Sellers. The Share Registration, Resale Registration Statement and Amendment are each intended to ease administrative burdens in connection with the recurring issuance of the Remaining Consideration and create opportunities for increased liquidity on NASDAQ. Following the acceleration of the Common Shares pursuant to the Amendment, there will be no further Common Shares to be issued in connection with the StarBlue Acquisition. Pursuant to the terms of the Purchase Agreement, approximately 52% of the Remaining Consideration will be issued directly or indirectly to Norm Worthington, and 13% to investment funds affiliated with NewSpring Growth Capital, with which our director Marc Lederman is affiliated. The remainder of the Remaining Consideration will be distributed by Star2Star Holdings, LLC on a pro rata basis to its other members. Due to the tax event triggered by the issuance of shares, Mr. Worthington and Star2Star Holdings, LLC each intend to sell the number of Common Shares necessary to cover their tax obligations.
PHRRF

Hot Stocks

07:40 EDT PharmaTher provides update on FDA Type C Meeting for KETARX in LID-PD - PharmaTher Holdings Ltd. (the "Company" or "PharmaTher") (OTCQB: PHRRF) (CSE: PHRM), a specialty pharmaceutical company, today announced an update on the Type C meeting with the U.S. Food and Drug Administration ("FDA") for advancing KETARX(TM) (ketamine) towards Phase 3 clinical development as a treatment for levodopa-induced dyskinesia in Parkinson's disease. The FDA supported the Company's overall approach for the LID-PD program and offered the following feedback: Agreed that with the appropriate data, a new drug submission would be considered under the 505(b)(2) regulatory pathway; Confirmed that a single confirmatory trial can be the basis for marketing approval under specific circumstances, including treatment duration and final study results; Guided on treatment duration, use of evaluation scales and selection of endpoints to ensure treatment approach aligns with expectations for a chronic condition; Provided information to enhance the safety monitoring to ensure potential physical and cognitive performance issues can be minimized, adverse events do not go unnoticed, and strategies to minimize patient risk; Identified the need for certain short-term non-clinical studies to support increased treatment duration; and Advised the Company to make a formal submission to be considered for Fast Track designation. The Company plans to adapt its proposed clinical development program to align with the FDA's recommendations and the Company's resources towards study evaluations leading into a Phase 3 clinical study and a potential FDA approval via the 505(b)(2) regulatory pathway. The Company will provide updates to its clinical development initiatives as they arise.
CETY

Hot Stocks

07:39 EDT Clean Energy Technologies enters Master Service Agreement with RPG Energy - Clean Energy Technologies announced that it entered into a Master Service Agreement with RPG Energy Group for development of onsite applications which utilize technologies to create electricity, applicable hydrogen production, and promote decarbonization. CETY will support RPG Energy's Fortune 500 customer with locations in Europe, the Middle East, Asia, the U.S., and Mexico. The initial sites are in Germany, the Czech Republic, Poland, the UK, and the U.S., specifically in the states of Tennessee, Ohio, Iowa, Kansas, Michigan, and Mississippi. Kam Mahdi, CETY's CEO said, "This partnership is expected to open a host of opportunities to work with two excellent companies and showcase CETY's knowledge and technology on a global scale. We are excited to begin our work with RPG Energy. This partnership is a reflection of our expanded business plan that involves manufacturing of component parts, engineering, and project service management services to municipals and industrial companies."
DKNG CHDN

Hot Stocks

07:38 EDT DraftKings launches DK Horse app - DraftKings (DKNG) announced that DK Horse, the digital gaming operator's first-ever horse racing product, has launched in twelve states and expects to launch in additional states by the Kentucky Derby on Saturday, May 6, 2023. The standalone, DK Horse-branded app allows eligible customers to access pari-mutuel wagering on horse racing. In November 2022, DraftKings and Churchill Downs Incorporated (CHDN) announced a multi-year agreement pursuant to which CDI's subsidiary, TwinSpires, agreed to power the advance deposit pari-mutuel wagering technology for DK Horse.
ENVX

Hot Stocks

07:37 EDT Enovix announces manufacturing partner, location for Fab-2 in Malaysia - Enovix announced it has signed a non-binding Letter of Intent, LOI, with YBS International Berhad, a Malaysia-based investment holding company. The LOI contemplates that Enovix will locate Fab-2, its high-volume manufacturing facility, in an existing YBS building located in Penang, Malaysia, at the Penang Science Park. It also contemplates that YBS will take a significant financial stake in the first manufacturing line at Fab-2, called "Gen2, Line 1." YBS is currently in the process of arranging funding through a local bank syndicate and obtaining support from local authorities. "YBS intends to take a significant financial stake in Enovix's Gen2 Line 1 capital expenditures, as well as providing the building and labor required to run the line by working with multiple financial institutions, with minimum purchase requirements from Enovix," said Mr. Jackie Yong, CEO of YBS. "After performing our due diligence on Enovix including their battery cell technology, manufacturability, and opportunity, we are confident the company has the capability to become a market leader. We look forward to supporting Enovix's goals and sharing in its growth and success." Two key leaders signed employment agreements with Enovix Malaysia including: Loganathan Muniandy joins Enovix as Vice President, Malaysia Operations, reporting to Ajay Marathe. Loganathan will oversee manufacturing and scale-up for Enovix Malaysia. Wan Ilham joins as Enovix Malaysia Human Resources Director, reporting to Iryna Romaniv, Global Vice President of Human Resources. Ilham will oversee all HR functions in Malaysia.
MJDLF

Hot Stocks

07:34 EDT Major Drilling appoints Caroline Donally to board of directors - Major Drilling Group announced the appointment of Caroline Donally to the Company's Board of Directors effective April 1, 2023. She is currently the Managing Partner of Sprott Resource Streaming and Royalty Corp.
LCID

Hot Stocks

07:33 EDT Lucid Group to cut workforce by about 18% as part of restructuring plan - In a regulatory filing, Lucid Group confirms that it announced a restructuring plan intended to reduce the company's operating expenses "in response to evolving business needs and productivity improvements" through a reduction of the company's current employee workforce by approximately 1,300 employees, or approximately 18% and that on March 28, Peter Rawlinson, the company's CEO and Chief Technology Officer, sent an email to the company's employees regarding the plan. The company expects to substantially complete the plan by the end of the second quarter of 2023, subject to local law and consultation requirements. "The company estimates that it will incur a total of approximately $24M to $30M in charges in connection with the plan, which consist primarily of charges related to employee transition, severance payments, employee benefits, and stock-based compensation. The company expects that charges of approximately $22M to $28M will be recognized primarily in the first quarter of 2023, with the majority of such charges anticipated to be paid by the end of the second quarter of 2023. Substantially all of these charges are expected to result in cash expenditures. The charges related to stock-based compensation are not expected to be material. The estimates of the charges and expenditures that the company expects to incur in connection with the plan, and the timing thereof, are subject to a number of assumptions, including local law requirements in various jurisdictions, and actual amounts may differ materially from estimates. The company may also incur other charges or cash expenditures not currently contemplated due to unanticipated events that may occur, including in connection with the implementation of the plan," Lucid stated.
NNDM SSYS

Hot Stocks

07:20 EDT Nano Dimension increases offer to acquire Stratasys to $19.55 per share - Nano Dimension (NNDM) has submitted a revised offer to acquire Stratasys Ltd. (SSYS) for $19.55 per share in cash. Under the terms of the Improved Proposal, Nano Dimension would acquire the remaining shares of Stratasys it does not currently own for an aggregate of approximately $1.2 billion on a fully diluted basis. This offer represents a premium of 37% to the closing trading price as of March 3rd, 2023, a 40% premium to the Company's 30-day VWAP, 51% premium to the 60-day VWAP and a 47% premium to the 90-day VWAP as of March 3rd, 2023. Nano Dimension has been the largest shareholder of Stratasys since July 2022 and currently owns approximately 14.5% of Stratasys' outstanding shares. The company said, "Nano Dimension's Improved Proposal represents a significant increase in value of $1.55 per share, or 9%, as compared to its March 6th, 2023, proposal and offers compelling and certain value to Stratasys shareholders at a time of ongoing market volatility."
MOS

Hot Stocks

07:18 EDT Mosaic reports January, February revenues, sales volumes - he Mosaic Company announced its combined January and February 2023 sales volumes and revenue by business unit. Potash: Sales Volume in thousands of tonnes: 1,100. Sales revenue in millions: $542. Phosphates: Sales Volume in thousands of tonnes: 1,066. Sales revenue in millions: $827. Mosaic Fertilizantes: Sales Volume in thousands of tonnes: 1,462. Sales revenue in millions: $971. For the first quarter, total potash sales volumes are expected to be near the lower end of the previously guided range of 1.8-2.0 million tonnes with realized MOP pricing at the mine in the range of $400-$440 per tonne. Phosphate guidance remains unchanged with sales volumes in the range of 1.7-1.9 million tonnes and realized DAP prices on an FOB basis in the range of $625-$675 per tonne.
IIPR

Hot Stocks

07:18 EDT Innovative Industrial Properties names David Smith CFO, Hastings as COO - Innovative Industrial Properties announced the hiring of David Smith as Chief Financial Officer and Treasurer, and the promotions of Catherine Hastings to Chief Operating Officer and Ben Regin to Chief Investment Officer. Smith previously served as Executive Vice President and Chief Financial Officer of Aventine Property Group, , a privately-held real estate investment trust focused on the regulated cannabis industry, since Aventine's spin-off from Treehouse Real Estate Investment Trust in January 2021.
AUVI

Hot Stocks

07:15 EDT Applied UV in strategic financial collaboration with Canon Financial Services - Applied UV announces that it has expanded its strategic relationship to now include Canon Financial Services, . , a wholly owned subsidiary of Canon U.S.A to provide leasing services for Applied UV's four operating subsidiaries, MunnWorks, which manufactures and sells to the Hospitality market, LED Supply, which provides design, distribution and implementation services for lighting, controls and smart building technology and SteriLumen and PURO Lighting, each of which markets a suite of surface and air disinfection products to global markets. This arrangement will expand the relationship between Applied UV and the Canon group company, Canon Virginia, Inc., which is currently contracted for the manufacturing of both product segments. The arrangement with Canon Financial Services will represent an additional important step in Applied UV's growth. With best-in-class services for end-user financing solutions and the strength of the Canon brand, business users will be able to incorporate Applied UV's air purification product suite into their everyday practices with financial flexibility. In addition, with the recently announced acquisitions of Puro Lighting and LED Supply Co, the Canon Financial Services strategic collaboration could further bolster the adoption of the Puronet Disinfection as a Service Solution, which incorporates the company's software and hardware systems.
PIRS

Hot Stocks

07:14 EDT Pieris Pharmaceuticals expects cash to fund operations for over 12 months - Cash, cash equivalents, and investments totaled $59.2 million for the year ended December 31, 2022, compared to a cash and cash equivalents balance of $117.8 million for the year ended December 31, 2021. The decrease was due to funding operations in 2022. The Company believes operations are sufficiently funded for more than the next 12 months.
UPS

Hot Stocks

07:13 EDT UPS adds 20 new driving simulators across the country - UPS announced additional investments in safe driving education and training, including the rollout of 20 additional driving and delivery simulators across the country, nearly doubling the number of driving simulators in UPS facilities since first launching in 2020.
CEMI

Hot Stocks

07:11 EDT Biosynex extends tender offer for shares of Chembio Diagnostics - Biosynex announced that Project Merci Merger Sub, a Nevada corporation and its wholly-owned indirect subsidiary, has extended the expiration time for the previously announced tender offer to purchase all of the issued and outstanding shares of common stock of Chembio Diagnostics at a price of $0.45 per Share, net to the seller in cash, without interest and subject to any required tax withholding, until 6:00 p.m., New York City time on April 12, 2023, unless further extended. The tender offer was previously scheduled to expire at 6:00 p.m., New York City time, on March 28, 2023. All other terms and conditions of the tender offer remain unchanged. Securities Transfer Corporation, the depositary and paying agent for the tender offer, has indicated that, as of 6:00 p.m., New York City time, on March 28, 2023, approximately 14,137,808 Shares had been validly tendered into and not validly withdrawn from the tender offer, representing approximately 38.5% of the Shares then outstanding. Stockholders who have already tendered their Shares into the tender offer do not have to re-tender their Shares or take any other action as a result of the extension of the expiration time of the tender offer. Completion of the tender offer remains subject to additional conditions described in the Tender Offer Statement on Schedule TO filed by Purchaser and Biosynex with the U.S. Securities and Exchange Commission on February 14, 2023.
STAA JNJ

Hot Stocks

07:11 EDT STAAR Surgical names Warren Foust COO, Magda Michna, as chief of medical affairs - STAAR Surgical Company (STAA), a leading developer, manufacturer and marketer of implantable lenses for the eye, today announced Warren Foust has been named Chief Operating Officer and Magda Michna, Ph.D., has been named Chief Clinical, Regulatory and Medical Affairs Officer. Both positions will report to STAAR Surgical's President and CEO, Tom Frinzi. Most recently, Warren Foust served as Worldwide President, Johnson & Johnson Vision, Surgical (JNJ), since December 2019. At Johnson & Johnson, Warren managed the global surgical business with approximately $1.5B in annual sales and 5,000 employees.
LTHCF

Hot Stocks

07:10 EDT Lithium Ionic reports assay results from hole at Bandeira property - Lithium Ionic reports assay results from hole ITDD-23-065 drilled at its 100%-owned Bandeira property as part of an ongoing 30,000 metre drill program at the Itinga Project, located within the Aracuai district in the state of Minas Gerais, Brazil. ITDD-23-065 represents the best hole drilled to date at Bandeira, intersecting 13 well-mineralized individual pegmatite veins with high grade lithium content over widths of up to 24 metres. The Company has completed 22,000 metres of the drill program to date between the Bandeira and Galvani properties, which together cover only 872 of the 14,182 hectares it controls in this lithium-producing district. Bandeira is located approximately 500 metres south of Companhia Brasileira de Litio's Cachoeira lithium mine, and approximately 700 metres North of Sigma Lithium's large Barreiro lithium deposit. Hole ITDD-23-065 Highlights: Hole drilled to a depth of approximately 500m, intersected 13 individual well-mineralized stacked pegmatite veins from 160m to 485m down hole, consistent with other large lithium deposits nearby. Best intersections drilled to date at Bandeira, with high lithium content over significant widths, including: 1.32% Li20 over 24m, incl. 2.12% Li2O over 8m; 2.53% Li20 over 6.09m; 1.88% Li20 over 7.72m.The hole successfully extended high-grade mineralization a further 200 metres down dip from previously reported hole ITDD-23-52, exceeding expectations with a continuous mineralized zone extending 500m from surface which significantly widens at depth. Two 150m step-out holes planned to test mineral continuity to the North-West, while assays are pending for drilled holes ITDD-23-060 and ITDD-23-052 to confirm up dip mineral continuity.
HCTI

Hot Stocks

07:09 EDT Healthcare Triangle announces $3M Cloud DevOps Managed Services agreement - Healthcare Triangle announced a new $3M agreement to provide Cloud DevOps Managed Services for a leading life sciences customer, reinforcing the Company's position as a top player in the Cloud DevOps Managed Services business. The customer, a forward-thinking oncology company leading the charge against cancer with next-generation medications and treatments, was seeking a partner to build and automate their enterprise cloud platform and create a DevOps operations platform to help them achieve their business goals. "We are very pleased to announce another large win in managed services for the life sciences segment," said Roy Sookhoo, COO of Healthcare Triangle. "Our superior industry knowledge, unique value proposition of combining deep domain expertise - including cloud technology, data analytics capabilities, and managed services - with world-class delivery capabilities is resonating with customers who are looking for transformational solutions. Healthcare Triangle's solution not only addresses the customer's current needs, but also provided a roadmap for their future growth."
REGN

Hot Stocks

07:08 EDT Regeneron announces EC approved Libtayo in combination with chemotherapy - Regeneron Pharmaceuticals announced that the European Commission, EC, approved Libtayo in combination with platinum-based chemotherapy for the first-line treatment of adult patients with advanced non-small cell lung cancer, NSCLC, with greater than or equal to1% PD-L1 expression. This includes patients that have no EGFR, ALK or ROS1 aberrations and whose tumors are metastatic or locally advanced and not candidates for definitive chemoradiation. "Today's approval considerably expands the number of people in Europe with advanced non-small cell lung cancer who are eligible for Libtayo-based first-line treatment, including those with PD-L1 expression ranges most commonly seen in real-world practice," said Israel Lowy, M.D., Ph.D., Senior Vice President, Translational and Clinical Sciences, Oncology at Regeneron. "We are proud that Libtayo continues to distinguish itself among PD-1 pathway blockers, as just one of two PD-1 inhibitors to be approved for use across squamous and non-squamous forms of advanced NSCLC in both combination and monotherapy settings. This marks the fifth approval for Libtayo in Europe."
SVAUF

Hot Stocks

07:07 EDT StorageVault Canada acquires three locations for $21.8M - STORAGEVAULT CANADA has agreed to acquire three locations from three vendor groups for an aggregate purchase price of $21,825,000, subject to customary adjustments. Two of the Acquisitions are arm's length and one for $13,000,000 is a related party acquisition with Access Self Storage as the Vendor for that Acquisition. It is anticipated that the Acquisitions will close in Q1 and Q2 2023. Two of the assets are located in Nova Scotia and the other in Alberta. The aggregate purchase price is $21,825,000, subject to adjustments, and is payable by the issuance of an aggregate of up to approximately $4,500,000 of StorageVault common shares to certain of the Vendors based on an agreed upon minimum price or VWAP ending three days prior to closing, with the remainder of the aggregate purchase price being paid with promissory notes, funds on hand or consisting of debt of one of the stores being acquired.
M

Hot Stocks

07:07 EDT Macy's announces CFO Adrian Mitchell to assume COO role as well - As a part of the leadership transition, the company has also announced that Macy's CFO Adrian Mitchell's responsibilities have been expanded to include the role of chief operating officer. In the combined role, Mitchell will lead the stores, technology and supply chain teams, in addition to his existing finance and real estate responsibilities. Gennette will work side-by-side with Spring and Mitchell until February 2024 to ensure a transition.
KXIN

Hot Stocks

07:06 EDT Kaixin announces receipt of Nasdaq letter regarding minimum bid price - Kaixin Auto Holdings announced the receipt of a notification letter dated on March 28, 2023 from the Listing Qualifications department of the Nasdaq Stock Market, notifying Kaixin that, as of March 28, 2023, the Company's listed security has not regained compliance with the requirement of maintaining a minimum bid price of $1 per share pursuant to Nasdaq Rule 5550(a)(2). However, the Nasdaq Staff has determined that the Company is eligible for an additional 180 calendar day period, or until September 25, 2023, to regain compliance pursuant to Nasdaq Rule 5810(c)(3)(A). If at any time during this additional time period the closing bid price of the Company's security is at least $1 per share for a minimum of 10 consecutive business days, the Nasdaq will provide written confirmation of compliance and this matter will be closed. If compliance cannot be demonstrated by September 25, 2023, the Staff will provide written notification that the Company's securities will be delisted. At that time, the Company may appeal the Staff's determination to a Hearings Panel.
M

Hot Stocks

07:04 EDT Macy's CEO Jeff Gennette to retire, Tony Spring to succeed - Macy's announced that chairman and CEO of Macy's, Jeff Gennette, plans to retire in February 2024 after serving the company for 40 years. Following a succession planning process that included an internal and external search, Tony Spring, Macy's. executive vice president and Bloomingdale's chairman and chief executive officer, has been appointed by the board of directors as Macy's president and CEO-elect, and a member of the board of directors. As president, Spring will be responsible for leading Macy's digital, customer, merchandising, and brand teams, while overseeing Bloomingdale's and bluemercury.
MIND

Hot Stocks

07:04 EDT MIND Technology obtains MA-X technology patent - MIND Technology announced that the USPTO has granted a patent for their MA-X technology. MA-X was engineered and designed by MIND's Klein Marine Systems unit and represents the industry's first integrated single beam side scan and gap filler sonar. MA-X provides imaging of the nadir zone, or "gap", with the same interpretive characteristics of side scan sonar thereby improving survey times by up to 40%. Klein's first product incorporating this technology is the MA-X VIEW 600. This system delivers focused 600kHz imagery with 100% bottom coverage.
MTRX EPD

Hot Stocks

07:03 EDT Matrix Service awarded service EPC for ethane storage tank - Matrix Service Company (MTRX) announced its subsidiary, Matrix Service, has been awarded the greenfield engineering, procurement, and construction of a second 600,000-barrel cryogenic ethane storage tank for a subsidiary of Enterprise Products Partners (EPD) along the Texas Gulf Coast. The project, which was taken into Matrix's backlog in the second quarter of Fiscal 2023, supports a continued demand for ethane in the global marketplace. Engineering for the storage tank will be completed by Matrix PDM Engineering.
EVGN

Hot Stocks

07:02 EDT Evogene subsidiary Lavie Bio appoints Amit Noam as incoming CEO - Evogene subsidiary Lavie Bio, an ag-biologicals company focusing on improving food quality, sustainability, and agriculture productivity through the introduction of microbiome-based products, appointed Amit Noam as CEO of Lavie Bio, effective as of April 16. Since 2018, Noam served as COO of AgriTask, an ag-tech company, leading the company's commercial and operational strategies. He also has previous experience with leading pharma company, Teva Pharmaceuticals, as well as Shaldor, an Israeli consulting firm, and Themis UAV, providing robotics solutions.
AULT BTC

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06:47 EDT Ault Inc. subsidiary BitNile partners with Core Scientific for Bitcoin mining - Ault Alliance has announced a strategic collaboration between its wholly owned subsidiary, BitNile, and Core Scientific, a provider of high-performance blockchain computing data centers and software solutions. This collaboration will enable BNI to operate 3,000 S19j Pro miners in Core Scientific's existing facilities starting in April. As part of the collaboration, Core Scientific is dedicated to offering BNI its exclusive mining capabilities at its state-of-the-art mining facilities alongside Core Scientific's existing mining fleet. The Bitcoin miners are set to arrive at Core Scientific's facilities as early as this week.
RIG

Hot Stocks

06:39 EDT Transocean awarded $113M harsh environment contract and extension - Transocean announced contract fixtures for two of its harsh environment semisubmersibles. Together, the fixtures represent approximately $113M in firm contract backlog. Transocean Endurance was awarded a multi-well plug and abandonment contract in Australia with an independent operator. The estimated 240-day contract is expected to commence in January 2024 and contribute approximately $91M in backlog, excluding fees for mobilization. The contract also provides for a series of options, potentially keeping the rig in Australia through 4Q25. In Norway, Wintershall DEA exercised a one-well option on Transocean Norge. The well is expected to commence in May ahead of the existing firm term for 60 days and contribute approximately $22M in backlog.
TFX

Hot Stocks

06:35 EDT Teleflex signs supply agreement for staple line reinforcement material - Teleflex announced a supply agreement with W. L. Gore to use Gore's Gore Seamguard Bioabsorbable Staple Line Reinforcement material in a staple line reinforcement device designed by Teleflex for use with the Titan SGS Powered Stapling Device. With these two technologies paired together, bariatric surgeons will be able to utilize the technology of the Titan SGS Device with Gore Seamguard Bioabsorbable Staple Line Reinforcement material. Teleflex will provide specifics around future product commercialization dates. Developed by Standard Bariatrics, now a part of Teleflex, the Titan SGS Device is a sterile, single patient use instrument used for longitudinal transection and resection of the gastric tissue for sleeve gastrectomy pouch creation. The powered stapling Titan SGS Device cuts stapling time for a sleeve gastrectomy in half with one 55-second firing sequence. Gore Seamguard Bioabsorbable Staple Line Reinforcement is a synthetic buttressing material engineered to reduce leaks and bleeding and strengthen the staple line by redistributing the pressure exerted by an individual staple over a wider area.
AFMD

Hot Stocks

06:34 EDT Affimed says first patient dosed in Phase 1 study of AFM28 - Affimed announced that the first patient was dosed in a Phase 1 multicenter, open label, first-in-human dose escalation study of the innate cell engager AFM28 monotherapy in patients with CD123-positive relapsed/refractory acute myeloid leukemia. AFM28 efficiently directs natural killer cells to CD123-positive leukemic cells, including blasts and leukemic stem and progenitor cells, inducing their depletion in samples of patients with AML and myelodysplastic syndrome.
LIZI

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06:05 EDT Lizhi granted approval for transfer to Nasdaq Capital Market. - Lizhi announced that the Listing Qualifications department of The Nasdaq Stock Market approved the company's request to transfer the listing of the company's ADSs from The Nasdaq Global Market to The Nasdaq Capital Market. The transfer is expected to take effect at the opening of business on March 30. The transfer of the Company's listing to The Nasdaq Capital Market is not expected to have any impact on trading in the company's ADSs. On October 11, 2022, the company received a letter from Nasdaq indicating that the company was not in compliance with Nasdaq Listing Rules, as the closing bid price of the ADSs had been below $1.00 per ADS for the previous 30 consecutive business days. In response, the Company submitted an application to transfer the listing of its ADSs from The Nasdaq Global Market to The Nasdaq Capital Market, and upon transfer, the Company will be afforded the remainder of this compliance period of 180 days. If compliance with the $1.00 bid price requirement cannot be demonstrated by April 10, 2023, the company may be eligible for an additional compliance period if it meets the continued listing requirement for the market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, with the exception of the bid price requirement.
KRA

Hot Stocks

06:03 EDT Kraton to expand SBS capability at Ohio facility in 2024 - Kraton announced a significant expansion of its styrene-butadiene-styrene block copolymers, or SBS, supply capability at its Belpre, Ohio facility starting in 2024. The production capacity is expected to increase by 24 kilotons annually by 2025.
CONN

Hot Stocks

06:02 EDT Conn's plans to open 11 new standalone locations in FY24 - The company opened four new standalone stores and closed one standalone store during the fourth quarter of fiscal year 2023 bringing the total store count to 168 in 15 states. During fiscal year 2024, the company plans to open 11 new standalone locations.
PEP

Hot Stocks

05:46 EDT PepsiCo unveils new logo in first refresh in 14 years - Pepsi on Tuesday unveiled a new logo and visual identity system, the first update of the Pepsi globe logo in 14 years. Pepsi will roll out the new look in North America this fall in time for the brand's 125th anniversary, and globally in 2024, the company said in a statement. "At PepsiCo, we design our brands to tell a compelling and holistic story. Pepsi is a shining example of a brand that has consistently reinvented itself over 125 years to remain a part of pop culture and a part of people's lives," said Mauro Porcini, SVP & Chief Design Officer of PepsiCo. "We designed the new brand identity to connect future generations with our brand's heritage, marrying distinction from our history with contemporary elements to signal our bold vision for what's to come."
UBS CS

Hot Stocks

05:43 EDT UBS board names Sergio Ermotti as new group CEO, effective April 5 - Further to the announcement regarding UBS's (UBS) acquisition of Credit Suisse (CS), the Board of Directors of UBS have appointed Sergio P. Ermotti as Group CEO and President of the Group Executive Board, effective on 5 April 2023, after the Annual General Meeting. He will succeed Ralph Hamers, who has agreed to step down to serve the interests of the new combination, the Swiss financial sector and the country. Ralph Hamers will remain at UBS and work alongside Sergio P. Ermotti as an advisor during a transition period to ensure a successful closure of the transaction and a smooth hand-over. The Board took the decision in light of the new challenges and priorities facing UBS after the announcement of the acquisition. Ermotti was the Group CEO of UBS for 9 years and repositioned UBS following the severe challenges arising from the Global Financial Crisis, the bank notes. UBS Chairman Colm Kelleher said: "Ralph has been an outstanding CEO of UBS, driving the group to unprecedented success despite a challenging environment. Under his leadership UBS built the strengths that have put us in a position to stabilize Credit Suisse and ensure a successful integration." Reference Link
APO

Hot Stocks

05:24 EDT Apollo Global upsizes investment in Apollo Delos platform - Apollo announced the upsize and extension of the Apollo Delos platform, an investment partnership between funds managed by its affiliates and Apeiron that focuses on special situations and corporate credit investment opportunities in Italy. Since establishing the investment partnership in February 2018, Apollo Funds have deployed over EUR 470M in Italy across investments in corporate debt, receivables, special situations, insolvency compositions, and other stressed and distressed assets. Apeiron will continue to work with Apollo, providing support in the origination, due diligence, structuring, execution and management of transactions under the Apollo Delos platform. The platform will be upsized by EUR 150M with immediate effect and Apollo Funds can also invest in larger Apeiron transactions on an opportunistic basis. As part of the renewed commitment, Apeiron will continue to target credit opportunities in Italy, with a focus on corporate borrowers and special situations across the entire capital structure. In connection with this capital increase, Apeiron has made key hires on its investment team to address the opportunities that lie ahead in Italy.
OKYO

Hot Stocks

05:22 EDT OKYO Pharma chairman purchases 12,500 ADS for $1.32 - OKYO Pharma announces that it has been notified that Panetta Partners, an entity in which Gabriele Cerrone, the executive chairman has a beneficial interest, purchased 12,500 of the company's ADSs on Nasdaq at a price of $1.32 per ADS.
MYNZ

Hot Stocks

05:17 EDT Mainz Biomed announces results of biomarker independent feasibility study - Mainz Biomed announced results of an independent feasibility study conducted in collaboration with members of the Early Detection Research Network, or EDRN, to evaluate the company's portfolio of five novel gene expression, or mRNA, biomarkers acquired from Universite de Sherbrooke in January, 2022. Mainz's proprietary nucleic acid extraction process and PCR process is able to consistently obtain DNA and mRNA from patient specimens that were stored for greater than 15 years. Two mRNA biomarkers proved powerful in detecting disease signals from these aged specimens Able to detect signals from samples of known colorectal cancer, or CRC, patients deemed to have higher levels of CRC-specific transcripts, and from specimens of AA patients where disease is in the early stage and thus CRC-specific transcripts are fewer and harder to detect. In univariate analysis, demonstrated statistically significant differences between: CRC specimens and controls and, respectively and more importantly, Advanced adenoma, or AA, specimens and controls and, respectively. The company now awaits results from the eAArly DETECT clinical trial which commenced enrollment in December of 2022 and remains on track to report results in mid-year 2023. This multi-center feasibility study is enrolling 250 subjects across 25 sites in the U.S.