Stockwinners Market Radar for August 14, 2023 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service

19:04 EDT Mattr to sell a substantial part of its pipeline segment to Tenaris for C$220M - Mattr (SAWLF) announced that it has entered into a definitive agreement to sell a substantial part of its pipe coating division to Tenaris S.A. (TS), including its wholly owned operations in Canada, the US, Mexico, Norway, the UAE and Indonesia, several mobile concrete coating plants, its joint-venture interest in Azerbaijan, its world-class research and development capabilities in Toronto and Norway, and a broad portfolio of intellectual property. The transaction will involve a mixture of legal entity and asset sales, and is subject to customary closing conditions, including regulatory approvals, which the company currently anticipates will be completed within approximately six months. The company will retain all earnings from the business until the transaction closes, and upon closing, the Company expects to receive gross sale proceeds of approximately $166M, or approximately C$220M at current exchange rates, on a cash-free, debt-free basis, subject to normal working capital adjustments. The perimeter of the transaction does not include entities of the PPG business in Malaysia, Italy, the United Kingdom and Brazil, which the company remains committed to exit at the appropriate time.

17:52 EDT Ferroglobe backs FY23 EBITDA view of $270M-$300M - The company states: "While end markets remain soft, our proactive energy strategy, combined with disciplined costs controls, is bolstering our performance in 2023. Hence, we are reiterating our guidance for the full year of adjusted EBITDA of $270 to $300 million."

17:49 EDT Spruce Power Holding announces disaster relief initiative - Spruce Power Holding announced a disaster relief initiative in the aftermath of the devastating fires that have swept through the Maui community. Spruce stands with its customers and will waive its billing for all customers within the impacted communities for the next 3 months. This relief is intended to provide immediate support to customers and their community, whether or not their system is known to be damaged or lost. Additionally, Spruce has committed a direct cash donation to any Spruce customer who lost a home power system in the fire. This is intended to accelerate our customers' recovery steps and help cover their additional energy costs while damaged or destroyed systems are inoperable.

17:47 EDT Elliott buys Seadrill, exits PayPal in Q2 - Paul Singer's Elliott Management disclosed in an SEC filing its holdings as of June 30, 2023. The fund's eight new buys during the second quarter included, by size of position, Seadrill (SDRL), Syneos Health (SYNH), Constellation Brands (STZ), NRG Energy (NRG), and Phillips 66 (PSX). Elliott exited two positions during the quarter, namely Clarivate (CLVT) and PayPal (PYPL). The fund increased its stake in six holdings, including by size of previous position Liberty Broadband Class C (LBRDK), iShares iBoxx High Yield Corporate Bond ETF (HYG), Endeavor Group (EDR), Pinterest (PINS), and E2open (ETWO). Elliott reduced its stake in four holdings, including by size of previous position Howmet Aerospace (HWM), iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD), Valaris (VAL), and Bausch Health (BHC). The fund's top holdings as of June 30, in order of size were Triple Flag Precious Metals (TFPM), Marathon Petroleum (MPC), Howmet, Pinterest, and Peabody Energy (BTU).

17:24 EDT Discover confirms CEO Roger Hochschild steps down, John Owen interim CEO - Discover Financial Services announced that the Discover Board of Directors and Roger Hochschild have agreed that Hochschild will step down as CEO and President and as a member of the Board. Hochschild will serve in an advisory role at the company through the end of the year to ensure a smooth transition. John Owen, a member of the Board, has been appointed Interim CEO and President. These changes are effective immediately. The Board has engaged a leading global executive search firm to commence a process to identify a permanent CEO and President.

17:11 EDT Discover CEO Roger Hochschild resigns, John Owen named interim CEO - On August 13, the Board of Directors of Discover Financial Services (DFS) accepted the resignation of Roger Hochschild from his positions as CEO and President of the company, a member of the Board and a director and officer of Discover Bank, each effective August 14. To assist with the transition, Hochschild will continue to be employed by the company as an advisor to the Chair of the Board from the Effective Date through December 31, 2023, pursuant to the terms of a transition employment letter. The Board has established a special search committee to conduct a search for a permanent successor to Hochschild. On August 13, the Board appointed John Owen as Interim CEO and Interim President of the company and as Interim President of the Bank, effective August 14. Owen will continue to serve as a director of the company, but is resigning as a member of the Risk Oversight Committee of the Board during his term as Interim CEO and Interim President. John Owen, a financial services veteran with more than 38 years of experience in banking and information technology that spans multiple industries including banking, insurance, airlines, and the defense industry, was elected to the Board and appointed to the Board's Risk Oversight Committee on June 6, 2022. Prior to joining the company, Owen retired from Regions Financial (RF).

17:01 EDT LL Flooring to explore strategic alternatives, including potential sale - LL Flooring announced that its Board of Directors has initiated an exploration of strategic alternatives in response to receipt of multiple inbound expressions of interest regarding a potential transaction with the company. As part of this process, the Board will consider a wide range of options for the company including, among other things, a potential sale, merger or other strategic transaction. Nancy Taylor, Independent Chairperson of the Board of Directors, said, "The LL Flooring Board of Directors has confidence in the company's strategy and believes that the strategic work the management team has been doing to strengthen the business will provide long-term benefits. While this work is well underway, in light of external interest in the company, the Board and management are taking the opportunity to explore a range of potential strategic alternatives to maximize shareholder value. We look forward to working diligently with our external advisors to identify the best path for the future of LL Flooring and all of our shareholders." As previously disclosed on June 26, 2023, the company's Board of Directors unanimously rejected an unsolicited, non-binding proposal to acquire all of LL Flooring's outstanding shares for $5.76 per share in cash as it significantly undervalued the worth of LL Flooring, its business and prospects. As the Board noted at that time in rejecting the proposal, it remains open to considering a transaction that appropriately reflects the company's value and prospects. There can be no assurance that the company's strategic alternatives process will result in LL Flooring pursuing any particular transaction or other strategic outcome. The company has not set a timetable for completion of this process, and it does not intend to disclose further developments unless and until it determines that further disclosure is appropriate or necessary.

16:48 EDT Columbia Sportswear names Woody Blackford Chief Product Officer, Columbia brand - Columbia Sportswear has hired Woody Blackford as Senior Vice President, Chief Product Officer for the Columbia Brand. Mr. Blackford is returning to Columbia, where he previously worked for 14 years, culminating in the position of Vice President, Global Design and Innovation.

16:46 EDT Lone Pine adds Live Nation, Nvidia stakes, exits AMD position - Stephen Mandel's Lone Pine Capital disclosed in an SEC filing its holdings as of June 30, 2023. Lone Pine's two new buys during the second quarter included, by size of position, Live Nation (LYV) and Nvidia (NVDA). Lone Pine exited two positions during the quarter, including by size of previous position, AMD (AMD) and Valaris (VAL). Lone Pine increased its stake in six holdings, including by size of previous position, PTC Inc. (PTC), Floor & Decor (FND), HDFC Bank (HDB), Mastercard (MA), and LPL Financial (LPLA). Lone Pine reduced its stake in nine holdings, including by size of previous position, Workday (WDAY), Dick's Sporting Goods (DKS), Taiwan Semiconductor (TSM), Bath & Body Works (BBWI), and Salesforce (CRM). Lone Pine's top holdings as of June 30, in order of size, were Microsoft (MSFT), Taiwan Semiconductor, Amazon (AMZN), Bath & Body Works, and RH (RH).

16:37 EDT Trian takes new stake in Disney, reduces stake in Wendy's - Nelson Peltz's Trian Fund Management disclosed in an SEC filing its holdings as of June 30-, 2023. Trian 's one new buy during the second quarter was Disney (DIS). Trian reduced its stake in two holdings, including by size of previous position, Wendy's (WEN) and Ferguson (FERG). Trian's top holdings as of June 30, in order of size, were Janus Henderson (JHG), Ferguson, Disney, Invesco Ltd. (IVZ), and Wendy's.

16:35 EDT ZIOPHARM Oncology trading resumes

16:25 EDT Dropbox CFO sells $2.08M in common stock - In a regulatory filing, Dropbox disclosed that its CFO Timothy Regan sold 75K shares of common stock on August 10th in a total transaction size of $2.08M.

16:17 EDT Arena Group signs binding LOI to combine with Bridge Media Networks - The Arena Group announced that it has signed a binding letter of intent with Simplify Inventions and its founder, Manoj Bhargava, founder of 5-hour ENERGY, to acquire certain assets of its subsidiary Bridge Media Networks, a dynamic and innovative, privately held media group with two national television networks distributed across more than 100 owned and affiliated Over-The-Air stations, 35 OTT, CTV agreements, and multiple MVPD and cable agreements, creating a well-capitalized, growing media leader with digital, commerce, print and video capabilities all supported by a unified technology platform. "This strategic combination dramatically accelerates our planned expansion across the video ecosystem. Our immediate opportunity to create, distribute and monetize premium video content across all linear, digital and connected ecosystems provides a lucrative opportunity for The Arena Group. The production capabilities and opportunities with advertisers will further diversify our offerings," commented Ross Levinsohn, Chairman and Chief Executive Officer of The Arena Group. "By combining with two established networks with significant linear and digital distribution, The Arena Group will have a significant presence in OTT, CTV, and Free Ad Support Television ("FAST") channels, some of the fastest-growing segments of the video market. The production resources of Bridge Media Networks will provide a dramatic boost to our video capabilities which we believe will unlock significant revenue opportunities for the combined company. The result will be a more diverse and distributed organization with additional ways to reach consumers and support advertising clients across video platforms." The transaction is expected to close in the fourth quarter of 2023, subject to negotiation of definitive agreements, the completion of due diligence, the approval of The Arena Group's shareholders, the receipt of any required regulatory approvals, and certain other closing conditions. The Company anticipates that integration of the respective businesses will be completed in early 2024.

16:16 EDT D.R. Horton jumps 3% to $126.98 after Berkshire discloses 5.97M share stake

16:12 EDT Berkshire Hathaway takes new stake in D.R. Horton, exits McKesson position - Warren Buffett's Berkshire Hathaway disclosed in an SEC filing its holdings as of June 30, 2023. Berkshire Hathaway's three new buys during the second quarter included, by size of position, D.R. Horton (DHI), NVR (NVR), and Lennar (LEN). Berkshire Hathaway exited three positions during the quarter, including by size of previous position, McKesson (MCK), Marsh & McLennan (MMC), and Vitesse Energy (VTS). Berkshire Hathaway increased its stake in two holdings, including by size of previous position, Capital One (COF) and Occidental Petroleum (OXY). Berkshire Hathaway reduced its stake in five holdings, including by size of previous position, Activision Blizzard (ATVI), Chevron (CVX), General Motors (GM), Globe Life (GL), and Celanese (CE). Berkshire Hathaway's top holdings as of June 30, in order of size, were Apple (AAPL), Bank of America (BAC), American Express (AXP), Coca-Cola (KO), and Chevron.

16:08 EDT Zevia announces CFO transition - Zevia PBC "announced that Florence Neubauer, Zevia's current Senior Vice President, Financial Planning & Analysis, has been appointed Interim Chief Financial Officer, replacing Denise D. Beckles, who will be leaving the Company effective September 4, 2023, to pursue another opportunity. The Company has launched a formal search process to identify a permanent replacement."

16:05 EDT Invitae appoints Robert Dickey as interim CFO - Invitae announced that Robert Dickey has been named its interim CFO, effective immediately. Christine Gorjanc, who had assumed the interim CFO role in June 2023, will transition back to her prior role as the Company's Chair of the Audit Committee of the Board of Directors and member of the Compensation Committee of the Board of Directors, effective immediately. Gorjanc will work closely with Mr. Dickey and the executive leadership team to ensure a smooth transition. She will also continue to assist the Company with the search for its permanent CFO. Dickey is a finance executive with over 25 years experience as a CFO as well as other C-level and board positions at both private and publicly traded life sciences and medical device companies. Dickey is experienced in all stages of the corporate lifecycle, including start-up and fundraising, the IPO process, high growth and turnarounds as well as interactions with directors, shareholders and the investment community.

16:03 EDT Phreesia acquires Access eForms, terms not stated - Phreesia announced it has acquired Access eForms, an electronic forms management and automation provider that helps hospitals across the country streamline workflows, improve compliance and deliver a better patient experience. Access eForms was founded over 20 years ago, collects more than 1.6 billion e-signatures each year, and currently works with many of Phreesia's existing clients.

15:40 EDT 1847 Holdings says may have been target of market manipulation - 1847 Holdings provided a report on its ongoing investigation into potentially improper and/or illegal trading activities, including naked short selling, of the company's common stock. On November 3, 2022, the company engaged Shareholder Intelligence Services to utilize their patented, proprietary service offerings to obtain share trading analytic metrics designed to help coordinate, monitor and enhance corporate governance, shareholder communication, regulatory compliance and surveillance of trading in the company's shares in an effort to allow company to better monitor trading activity, including potential violations of SEC Regulation SHO, which governs stock and option share locate, close out and fail to deliver requirements. Based on an initial analysis of the company's historic stock trading activity, the company believes that it may have been the target of market manipulation and potentially illegal trading activities, including naked short selling of its stock. As such, the company is exploring all of its potential options and remedies. Ellery W. Roberts, CEO of 1847 Holdings, commented, "Due to ShareIntel's investigation, we have become aware of trading imbalances. We will delve deeper into the discrepancies identified in the analysis and contact necessary parties such as brokers, Broadridge, and the SEC to gather more information and ensure adherence to regulatory standards. We remain diligent and committed to taking all necessary actions to protect the interests of our shareholders, and will continue to work with ShareIntel and other partners to combat illegal short selling."

15:27 EDT Ubisoft moves up 'Assassin's Creed Mirage' release date to October 5 - Ubisoft said that "Assassin's Creed Mirage" has gone gold and will be releasing October 5, a week earlier than originally planned. "On behalf of the entire team, we can't wait for you to explore 9th Century Baghdad with Basim," the company said. Reference Link

15:03 EDT U.S. Steel spikes 41% to $31.95 after Esmark tops Cleveland-Cliffs bid

14:58 EDT Esmark announces offer to acquire U.S. Steel for $35 per share in cash

14:52 EDT Tiger Global buys Eli Lilly, exits Block in Q2 - Chase Coleman's Tiger Global disclosed in an SEC filing its holdings as of June 30, 2023. The fund's two new buys during the second quarter included, by size of position, Eli Lilly (LLY) and Novo Nordisk (NVO). Tiger exited 17 potisions during the quarter, including by size of position Mastercard (MA), Apple (AAPL), Block (SQ), XP Inc. (XP), and Applied Materials (AMAT). The fund increased its stake in ten holdings, including by size of previous position Meta Platforms (META), Apollo Global (APO), Take-Two (TTWO), Intuit (INTU), and Nvidia (NVDA). Tiger reduced its stake in 19 holdings, including by size of previous position Amazon (AMZN), Alphabet Class A (GOOGL), JD.com (JD), Snowflake (SNOW), and Datadog (DDOG). The fund's top holdings as of June 30, in order of size, were Meta, Microsoft (MSFT), Apollo, JD.com, and Take-Two.

13:30 EDT CymaBay VP Daniel Menold sells $259K in company shares - CymaBay VP Daniel Menold disclosed in a regulatory filing the sale of 20,945 shares of company stock at $12.35 per share on August 9, for a total transaction amount of $258,744.

13:17 EDT TripAdvisor downgraded to B+ by S&P with stable outlook - S&P Global Ratings downgraded its issuer credit rating and issue-level ratings on Tripadvisor to 'B+' from 'BB-'. S&P said: "The downgrade to 'B+' reflects our view that Tripadvisor's leverage remains high for the current rating due to an unfavorable business mix and near-term softness in the company's metasearch business." S&P expects profitability for Tripadvisor will remain pressured in 2023 as its strong revenue growth is offset by a new operating plan to drive engagement and continued investments in its less profitable businesses like Viator and TheFork. The stable outlook reflects the view that Tripadvisor's leverage will likely improve to the low-3x area in the next 12 months as the company's recent new monetization strategy and increased competition in the hotel metasearch business partially offset healthy online travel trends.

12:58 EDT LiveOne's PodcastOne approved to trade on Nasdaq - LiveOne announced its Courtside Group, dba PodcastOne, subsidiary has been approved for listing on Nasdaq. "PODC" has been reserved as the trading symbol for PodcastOne's common stock.

12:36 EDT Creatd has reduced payroll costs by almost 40% to $721,000 in Q2 - Despite a slight drop in quarterly revenues, Creatd said it has strategically refocused on profitable core businesses, causing the revenue decline. This, coupled with staff reductions and austerity steps, has reduced payroll costs by almost 40%, from $1.2M in 2022 to $721,000 in Q2 2023. This is projected to decrease further next quarter, Creatd said. Annual fees for legal, accounting, and consulting have also dropped by nearly 60%, from $850,000 to $300,000. Service expenses have been reduced company-wide, the company added.

12:32 EDT Crown Electrokinetics announces 1-for-60 reverse stock split - Crown Electrokinetics announces that it expects to implement a 1-for-60 reverse stock split on its common stock effective 11:59 p.m. Eastern Time on Monday, August 14, 2023, with trading to begin on a split-adjusted basis at the market open on August 15, 2023. Trading in the common stock will continue on the Nasdaq Capital Market under the symbol "CRKN". The new CUSIP number for the common stock following the reverse stock split is 228339305. The reverse stock split at a ratio of 1-for-60 shares was approved by the Company's Board of Directors through unanimous written consent on August 11, 2023 and the Company's stockholders at the Annual Meeting which was held on August 11, 2023. Upon the effectiveness of the reverse stock split, every 60 shares of the Company's issued and outstanding common stock will automatically be converted into one share of issued and outstanding common stock. No fractional shares will be issued as a result of the reverse stock split. Instead, any fractional shares that would have resulted from the split will be rounded up to the next whole number. The reverse stock split affects all stockholders uniformly and will not alter any stockholder's percentage interest in the Company's outstanding common stock, except for adjustments that may result from the treatment of fractional shares.

12:05 EDT Blackbaud names Todd Lant chief customer officer - Blackbaud appointed Todd Lant chief customer officer. Lant has been with Blackbaud for 20 years, most recently serving as chief information officer. "We're excited for the next chapter of our customer success program under Todd's leadership," said Kevin Gregoire, executive vice president and COO. "Todd has demonstrated outstanding business acumen and customer focus throughout his career at Blackbaud. He championed digital transformation across our business and has been deeply engaged with our customers throughout his tenure, offering advice and insights in his role as CIO, all while building strong teams and fostering a customer-centric culture internally."

12:00 EDT AMC Entertainment falls -32.9% - AMC Entertainment is down -32.9%, or -$1.73 to $3.53.

12:00 EDT Integrated Rail and Resources Acquisition rises 10.0% - Integrated Rail and Resources Acquisition is up 10.0%, or $1.07 to $11.81.

12:00 EDT U.S. Steel rises 29.4% - U.S. Steel is up 29.4%, or $6.68 to $29.40.

10:59 EDT Ford appoints Peter Stern to lead Ford Integrated Services - Ford (F) named Apple (AAPL) veteran Peter Stern to lead the newly formed Ford Integrated Services, which will create and market valuable software-enabled customer experiences across Ford Blue, Model e and Ford Pro. Stern served as vice president of Services at Apple for more than six years through January 2023 and was a driving force behind the launch of Apple's portfolio of services. Stern who starts at Ford today and reports to President and CEO Jim Farley, will build a world-class team to: Build out the business tied to Ford's BlueCruise hands-free highway driving system and productivity and safety/security services, including those from the Ford Pro Intelligence business; Imagine and deliver exciting new high-value services, and Lead services marketing, certain out-of-vehicle customer experiences and Ford Next.

10:35 EDT Starboard takes stake in Algonquin Power, exits position in Enovis - Jeffrey Smith's Starboard Value disclosed in an SEC filing its holdings as of June 30, 2023. Starboard's three new buys during the second quarter included, by size of position, Algonquin Power (AQN) and Abcam (ABCM). Starboard exited 61 positions during the quarter, including by size of previous position, Enovis (ENOV), On Semiconductor (ON), HCM Acquisition (HCMA), Papaya Growth Opportunity (PPYA), and Banyan Acquisition Corp. (BYN). Starboard increased its stake in two holdings, Wix.com (WIX) and Humana (HUM). Starboard reduced its stake in ten holdings, including by size of previous position, Willis Towers (WTW), Aecom (ACM), Mercury Systems (MRCY), Salesforce (CRM), and CommVault Systems (CVLT). Starboard's top holdings as of June 30, in order of size, were GoDaddy (GDDY), Splunk (SPLK), Salesforce, Humana, and Vertiv Holdings (VRT).

10:25 EDT Salisbury Bancorp completes merger with NBT Bancorp - Salisbury Bancorp completed its merger with and into NBT Bancorp on August 11, 2023.

10:20 EDT AMC announces 10-for-1 reverse stock split effective August 24 - AMC Entertainment said it filed an amendment to increase the total number of authorized shares of the company's class A common stock from 524,173,073 to 550,000,000 shares of common stock and effectuate a reverse stock split at a ratio of one share of class A common stock for every ten shares of class A common stock, in each case, effective as of August 24. The reverse stock Split together with the share increase will permit the conversion of all of the company's outstanding AMC preferred equity units, known as "APEs," into shares of class A common stock. The company expects the APEs to cease trading on August 25 and subsequently be delisted from the New York Stock Exchange. Shares of AMC are down 37% to $3.32 in early trading.

10:02 EDT Verizon, LALIGA North America renew partnership for three more seasons - LALIGA North America announced the renewal of a multi-year partnership with Verizon, exclusive to the United States. This multifaceted partnership will offer Verizon customers the chance to interact with one of the best soccer leagues in the world through coast-to-coast watch parties, once-in-a-lifetime experiences at LALIGA matches in Spain and the LALIGA Summer Tour in the U.S., and other experiences with LALIGA players and Ambassadors. With this expanded, multi-year partnership, Verizon will continue to leverage LALIGA's distinguished IP and access its coveted, diverse, and highly engaged audience that is rapidly expanding.

10:00 EDT AMC Entertainment falls -38.0% - AMC Entertainment is down -38.0%, or -$2.00 to $3.26.

10:00 EDT Archer Aviation rises 8.2% - Archer Aviation is up 8.2%, or 47c to $6.25.

10:00 EDT U.S. Steel rises 25.0% - U.S. Steel is up 25.0%, or $5.69 to $28.41.

09:51 EDT Nikola sinks after battery-electric vehicle recall, hold on sales - Nikola on Friday night provides the preliminary results of its battery pack investigations and as a "precautionary measure," announced a voluntary recall of approximately 209 Class 8 Tre battery-electric vehicles. Nikola is currently in the process of filing this voluntary recall with the National Highway Traffic Safety Administration and is placing a temporary hold on new BEV sales until a resolution is in place. The actions do not affect the hydrogen fuel cell electric vehicle currently in production as the truck's battery pack has a different design. Following an August 10 presentation of preliminary findings from Exponent, a third-party investigator, a coolant leak inside a single battery pack was found to be the probable cause of the truck fire at the company's headquarters in Phoenix, Ariz. on June 23, Nikola said in a statement. The findings were further corroborated by a minor thermal incident that impacted one pack on an engineering validation truck parked at the company's Coolidge, Ariz. plant on Aug. 10. No one was injured in either incident, it added. "The company's initial statement on June 23 alluded to foul play as a possible cause of the incident, based on video footage showing a vehicle parked next to the impacted trucks and quickly pulling away after a bright flash and the commencement of the fire. Extensive internal and third party-led hypothesis testing, employee and contractor interviews, and hours of video footage review has since suggested foul play or other external factors were unlikely to have caused the incident," Nikola said. The stock in early trading is down 10% to $1.76.

09:47 EDT AMC Entertainment falls -33.2% - AMC Entertainment is down -33.2%, or -$1.75 to $3.52.

09:47 EDT Ouster rises 6.4% - Ouster is up 6.4%, or 42c to $7.03.

09:47 EDT U.S. Steel rises 27.0% - U.S. Steel is up 27.0%, or $6.13 to $28.85.

09:42 EDT PNAC Stock trading halted, volatility trading pause

09:35 EDT Hawaiian Electric sinks 40% on possible ties to Maui fires - Shares of Hawaiian Electric are sinking following the deadly wildfires in Maui, Hawaii. Hawaiian Electric operates the utility that serves Maui and has come under criticism for not turning off power despite warnings that dry, gusty winds could create critical fire conditions. Plaintiffs attorneys are homing in on the utility's equipment as a possible source of ignition and plan to file lawsuits this week, according to Bloomberg. Shares of Hawaiian Electric are down 40% to $19.36 in early trading.

09:33 EDT Cineverse enters agreement with Philo for Fandor service - Cineverse announced that, through a new agreement with Philo, its Fandor streaming service is now available to subscribers of Philo's "Movies & More" package.

09:24 EDT Hanryu Holdings partners with SALTLUX for virtual assistant development - Hanryu Holdings has partnered with SALTLUX to incorporate AI-powered technology into the Company's popular global fandom application, FANTOO. Hanryu Holdings will incorporate SALTLUX's AI-powered conversational virtual assistant to enhance user engagement with Talkbot, an intelligent chatbot, onto the FANTOO application. Hanryu Holdings plans to apply their and SALTLUX's technologies to the upcoming personalized AI assistant service. Deok Gom, FANTOO's virtual assistant, is a representative character of FANTOO whose name means to be passionate about something. The service is scheduled to be launched within this year and will include personal AI and Club AI, offering customized services based on user personality and lifestyle analysis.

09:22 EDT Generation Income Properties completes acquisition of property portfolio - Generation Income Properties announced the closing of a 13-property portfolio for total consideration of $42 million on August 10, 2023. The portfolio consists of eleven retail properties and two office properties, and approximately 76% of the annualized base rent attributable to the portfolio is derived from tenants who have an investment grade credit rating from a recognized credit rating agency of "BBB-" or better. The portfolio has a weighted average remaining lease term of approximately 5.6 years, is approximately 202,000 square feet and 100% occupied. The transaction increases GIPR's geographic footprint from eight to thirteen states and increases the total number of properties owned to twenty-six, including one property owned in a tenant-in-common structure. The purchase price for the portfolio was $42 million, excluding estimated transaction costs and expenses of $1.6 million, consisting of $30 million paid in cash and $12 million paid in shares of a newly issued series of preferred stock of GIPR designated as "Series A Redeemable Preferred Stock." The cash portion of the purchase price was financed with a combination of cash on hand, a new $21.0 million secured debt facility and a $12 million preferred equity investment in a special purpose subsidiary of GIPR's operating partnership. The preferred equity investment was led by real estate private equity firm, Loci Capital.

09:21 EDT PayPal names Alex Chriss as next President and CEO - PayPal (PYPL) announced that its Board of Directors has appointed senior Intuit (INTU) executive, Alex Chriss, as President and CEO, effective September 27. Chriss will also join the Board on that date. The appointment follows a thorough CEO search process, conducted by the Board over the last number of months, with the mandate to appoint a next generation leader with extensive global payments, product, and technology experience, capable of driving growth across the PayPal platform for years to come. Chriss has the unanimous support of the Board and its CEO search committee following extensive engagement and evaluation across all of the key metrics that are critical to PayPal's future success. Schulman will remain on the board of the company until its next annual meeting of stockholders in May 2024.

09:20 EDT Pfizer Rocky Mount turn to SteraMist for post-tornado decontamination - TOMI Environmental Solutions (TOMZ) announces that Pfizer Rocky Mount (PFE) has engaged TOMI's iHP Corporate Service to conduct emergency decontamination within their facility, which suffered substantial damage due to a recent tornado. Pfizer Rocky Mount has been a long-term, loyal client of TOMI, having commenced their utilization of SteraMist iHP Corporate Service in 2014. Since then, TOMI has been performing decontamination service twice a year during their facility's routine scheduled shutdowns and called on as necessary throughout the years.

09:18 EDT NBT Bancorp increases quarterly dividend 6.7% to 32c per share - On August 14, 2023, NBT approved a third-quarter 2023 cash dividend of $0.32 per share, which represents a $0.02 per quarter, or 6.7%, increase over the dividend paid in the second quarter of this year. This is the Company's eleventh consecutive year of annual dividend increases. The dividend will be paid on September 15, 2023 to shareholders of record on September 1, 2023.

09:16 EDT Neuronetics announces enhancements to TrakStar Patient Data Management - Neuronetics announced enhancements to the TrakStar Patient Data Management System, a proprietary, HIPAA-compliant, patient management and outcomes reporting system for NeuroStar transcranial magnetic stimulation, TMS, providers. The update introduces a range of automated features to improve communication between providers and their existing and prospective patients, while also saving practices time in recording and documenting results. "Our providers do vital work helping patients with drug-resistant depression and other conditions, and our commitment lies in making TrakStar an indispensable part of their practice," stated Keith J. Sullivan, President, and CEO of Neuronetics Inc. "The enhancements we've made to our industry-defining TrakStar system allow practices to continue to elevate the standard of patient care they provide. With the latest updates, NeuroStar providers can more easily connect with their patients using automated SMS text messaging, a new avenue for communication that can save practices time and support patients through their treatment process."

09:14 EDT Glimpse Group' PulpoAR enters license agreement for SkinAI solution - The Glimpse Group that its subsidiary company, PulpoAR has entered into a software license agreement for its SkinAI solution with Yves Rocher, a global skin care, cosmetics and perfume company. As part of this initial software license agreement, valued in the mid five figures, PulpoAR will provide Yves Rocher with the ability to integrate more than 100 of its beauty product SKUs on the SkinAI software, which could translate in hundreds of thousands online diagnostics per month.

09:12 EDT Blink Charging announces installation of eight new EV charging stations - Blink Charging has announced the installation of eight new EV charging stations at the Columbia Center Tower in Seattle, Washington, the tallest office tower in the state, to bring additional convenient and reliable EV charging to tenants and visitors. "Blink is proud to continue and expand our service to Columbia Center Tower. We commend their forward-thinking approach to enhance EV charging accessibility at this incredible property," said Mike Battaglia, Chief Revenue Officer for Blink Charging. "Providing EV charging stations in the workplace is crucial for advancing and adopting EVs everywhere and we hope other property owners and managers will view them as positive example."

09:12 EDT Cellectar Biosciences expects cash to fund operations into Q4 of 2023 - As of June 30, 2023, the company had cash and cash equivalents of $5.2 million, compared to $19.9 million as of December 31, 2022. Net cash used in operating activities during the three months ended June 30, 2023 was approximately $7.5 million. The company believes its cash on hand is adequate to fund budgeted operations into the fourth quarter of 2023.

09:10 EDT Rennova Health announces opening of its first treatment facility - Rennova Health announces that its behavioral health services subsidiary, Myrtle Recovery Centers, has been granted a license under the rules of the Department of Mental Health and Substance Abuse Services of the State of Tennessee to operate an alcohol and drug treatment facility in Oneida, Tennessee. The facility, located at Rennova's Big South Fork Medical Center campus, will commence operations and begin accepting patients today. The facility will offer alcohol and drug residential detoxification and residential rehabilitation treatment services to up to 30 patients. Myrtle intends to offer office-based opioid treatment as outpatient treatment services at Oneida in the future. "We are delighted to open this first facility for Myrtle," stated Seamus Lagan, Chief Executive Officer of Rennova Health, Inc. "We believe Myrtle is a complementary business model to our current rural healthcare services offerings and an excellent use of available space at our rural, critical access hospital. We look forward to this new subsidiary generating additional revenues for the Company and considering our options to expand this business."

09:09 EDT Liquid Media receives non-binding term sheet from fast-growing company - Liquid Media Group announced that it has received a non-binding term sheet, LOI, in respect of a proposed restructuring transaction from a fast-growing, category-leading company that has attracted top-tier investor interest and demonstrated strong revenue scaling over the previous two years. Under the terms of the LOI, the Target would merge with a wholly-owned subsidiary of the Company in a stock-for-stock reverse merger transaction in which the Target will survive as a wholly-owned subsidiary of Liquid. Should the Company determine to proceed with the Merger, the Company would commence immediate efforts to evaluate potential strategic alternatives for its existing assets, including but not limited to, strategic sale, spin-off, or keeping them in place at the Company. Under the terms of the LOI, the Company would retain 25% of the post-merger entity, and the shareholders of the Target would own 75%. The Company is currently subject to a cease trade order, CTO, issued by the British Columbia Securities Commission under National Instrument 51-102 - Continuous Disclosure Obligations as a result of the Company not having filed its annual financial statements and accompanying management's discussion and analysis, annual information form and related certifications for the fiscal year ended November 30, 2022. The Company will not accept the LOI, nor pursue the Merger, until the CTO has been revoked. The Company will provide further updates in this regard in due course.

09:07 EDT Sage Group partners with Mamava for breastfeeding accessability - Sage announced a partnership with Mamava. By partnering during National Breastfeeding Month, Sage and Mamava are breaking down barriers while making good business sense in communities throughout the US. As a growing business, the company can rely on their new enterprise resource planner solution to assist in overhauling systems and processes to make their financials flow. The Sage X3 comprehensive software suite drives digital transformation for growing companies with data flow to streamline all business operations.

09:06 EDT Arcturus JV mRNA manufacturing partner, ARCALIS, awarded $115M in Japan grants - Arcturus Therapeutics Holdings announced that ARCALIS , its manufacturing joint venture in Japan to support the production of mRNA vaccines and therapeutics, has been awarded $115M in two separate grants from the Japanese government. The grants will be used to fund the construction of a factory and the purchase of capital equipment to support current Good Manufacturing Practice cGMP production of mRNA drug substance and mRNA drug product operations. Arcturus Therapeutics Joint Venture mRNA Manufacturing Partner, ARCALIS, Awarded $115M in Grants from the Japanese Government .ARCALIS is a joint venture between Axcelead and Arcturus, wherein Arcturus holds a 49% equity position that is subject to dilution. The factory, located in Minamisoma City, Japan, is designed to provide cGMP integrated vaccine manufacturing, from mRNA drug substance to bulk nanoparticle-formulated drug product.

09:04 EDT Kraft Heinz CEO Miguel Patricio to switch roles, Carlos Abrams-Rivera to succeed - Kraft Heinz announced that the company's board of directors has appointed Carlos Abrams-Rivera as CEO and a member of the board, effective January 1, 2024. Until then, Abrams-Rivera will continue in his role as president of the North America Zone with the added responsibilities of becoming president of Kraft Heinz, effective immediately. Abrams-Rivera will take over as CEO from Miguel Patricio, who has served as the company's CEO since 2019 and chair of the board since 2022. Patricio will transition to the role of non-executive chair of the board on January 1, 2024. Patricio will transition to a new role as non-executive chair of the board.

09:03 EDT Alliance Entertainment's AMPED distribution celebrates 20 award nominations - Alliance Entertainment announced that its independent distribution arm AMPED Distribution, a leading force in the bluegrass music industry with an exceptional roster of artists and labels, has received a remarkable 20 nominations at the 2023 International Bluegrass Music Awards. "These nominations stand as a testament to the extraordinary talent and unwavering dedication within the genre, further solidifying AMPED Distribution's commitment to supporting and promoting the very best in bluegrass music," the company said.

09:02 EDT Asante Gold appoints David Wiens as CFO - Asante Gold announces the formal appointment of David Wiens as CFO. We also want to thank and recognize Mr. Dindiok Chialin, who has served as Interim CFO since early June 2023. Dindiok is the Asante Gold Deputy CFO. He was most recently Chief Financial Officer of Bunker Hill Mining Corp.,

09:00 EDT Allogene Therapeutics appoints Douglas as General Counsel - Allogene Therapeutics (ALLO) announced that Earl Douglas has been appointed as General Counsel. Douglas will oversee all aspects of the Company's legal function and serve as a member of the Leadership Team. Prior to Allogene, Douglas served as General Counsel for Applied Molecular Transport (AMTI), a clinical-stage biopharmaceutical company.

08:59 EDT Mondee announces acquisition of Skypass Travel - Mondee announced the acquisition of Skypass Travel, a global full-service retail and wholesale provider of corporate, leisure, and humanitarian travel, based in the Dallas, Texas area. The acquisition of Skypass supports Mondee's ongoing expansion and diversification endeavors, encompassing markets that serve both personnel and affiliates from international corporations, small and midsize businesses, as well as humanitarian organizations. Skypass maintains domestic offices in the Dallas, Texas area and Austin, Texas. Furthermore, it boasts a global footprint through its international offices located in Latin America, Mexico, Canada, and India. Skypass achieved a gross revenue of $45 million and adjusted EBITDA of $4 million, representing a margin on net revenue of approximately 60%, in 2022. At closing, Mondee paid a consideration of approximately $15 million, comprised of cash and Mondee common stock priced at $10 per share. Following the successful acquisitions of Consolid, Orinter and Interep, Mondee is poised to strategically advance the distribution of Skypass's travel-related offerings. Mondee's Founder, Chairman, and CEO, Prasad Gundumogula, stated, "We are thrilled to extend a warm welcome to Victor Abraham, CEO of Skypass, and his experienced management team as valued members of the Mondee family and look forward to helping provide their customers with access to our AI-Powered Travel Marketplace, as well as additional products and services. We have every confidence they will continue to grow the business actively within their served markets. This acquisition underscores our commitment to diversifying our distribution to SMBs and international corporate accounts along with geographical expansion into India, Mexico, and LATAM."

08:57 EDT Saratoga Investment increases quarterly dividend 1c to 71c per share - Saratoga Investment announced that its Board of Directors has declared a quarterly dividend of 71c per share for the fiscal second quarter ended August 31, 2023, an increase of $0.01 from $0.70 per share in the prior fiscal first quarter, and the fourteenth quarterly dividend increase in a row. This dividend is payable on September 28, 2023, to all stockholders of record at the close of business on September 14, 2023. "The impact of the absolute level and continued increase in interest rates on our largely floating rate assets, when combined with the growth of our overall portfolio, its resilient performance and our largely fixed rate liabilities, have resulted in record earnings," said Christian L. Oberbeck, Chairman and Chief Executive Officer of Saratoga Investment. "Saratoga's second quarter dividend of 71c per share reflects an approximately 31% increase year-over-year. Annualizing this dividend rate, coupled with our last reported record quarterly adjusted net investment income of $1.08 per share, imply a 10.7% dividend yield, and importantly, a 16.3% earnings yield based on Saratoga's recent stock price of $26.57 per share on August 11, 2023."

08:57 EDT Jupiter Wellness signs consulting agreement with David Gold, D3M - Jupiter Wellness signed a consulting agreement with David Gold and his firm D3M Licensing Group. D3M will bring the power of its brand ambassador network and channel partnerships to support the highly anticipated global launch of Safety Shot, the world's first rapid blood alcohol detoxification product.

08:56 EDT NWTN Inc. to acquire strategic stake in Evergrande New Energy auto - NWTN Inc. has reached an agreement to make a strategic investment of $500M in China Evergrande New Energy, a Chinese automobile manufacturer that specializes in developing electric vehicles. On August 14, NWTN and EVGRF entered into a share subscription agreement pursuant to which NWTN will acquire approximately 27.50% of the total number of enlarged issued ordinary shares of EVGRF upon closing and the right to nominate a majority of EVGRF's board. The proposed transaction is expected to close in Q4, subject to conditions including but not limited to the effectiveness of the debt restructuring of the Evergrande Group, confirmation of a debt repayment plan by certain creditor of EVGRF, and receipt of applicable regulatory and shareholder approvals. Based in Dubai, UAE, NWTN has a full vehicle assembly facility in Abu Dhabi.

08:55 EDT Duck Creek announces partnership with Artigem - Duck Creek Technologies announces its partnership with technology-enabled contents and jewelry service provider Artigem. Through this collaboration, Duck Creek customers will gain access to Artigem's innovative SpeedCheck software, enabling them to update the value of scheduled jewelry items conveniently and accurately in real time. "Artigem's SpeedCheck software ensures an insurer's existing book of scheduled jewelry gets and stays at an accurate insured to value," said Artigem's CEO, Kurt Artinger. "We don't value the house on year one and then let it sit on the books for 20 years. So why is this an acceptable business practice for jewelry, which experiences greater price fluctuation than home values? SpeedCheck software allows underwriting and agents to confidently price jewelry without a current appraisal and maintains the pricing for the item's life."

08:54 EDT Metals Company announces $27M registered direct offering - TMC the metals company has entered into a securities purchase agreement with certain investors for the purchase of 13,461,540 common shares of the Company. without par value, and accompanying Class A warrants to purchase up to 6,730,770 Common Shares in a registered direct offering. Each Common Share and the accompanying Class A Warrant to purchase 0.5 Common Shares are being sold at a price of US$2.00. The Class A Warrants have an initial exercise price of US$3.00 per share, subject to certain adjustments therein, are exercisable immediately upon issuance and will expire on December 31, 2027. Gross proceeds to the Company from the offering are expected to be approximately US$27 million, before deducting the financial advisors' fees and other offering expenses payable by the Company. The Company intends to use the net proceeds from the offering on working capital and general corporate purposes. In addition, certain investors may purchase up to an aggregate of 5,500,000 additional Shares and accompanying Class A Warrants to purchase up to an aggregate of 2,750,000 additional Common Shares upon notice to the Company on or before September 15, 2023 if the closing price of the Common Shares on the trading day before such investor's notice is $3.00 or less for an aggregate of up to an additional $11 million. ERAS Capital LLC, the family fund of the Company's director, Andrei Karkar, and existing shareholder, agreed to purchase 5,000,000 Common Shares and accompanying Class A Warrants to purchase 2,500,000 Common Shares for a total purchase price of US$10 million. In addition, Allseas Group S.A., a strategic partner of the Company and existing shareholder, agreed to purchase 3,500,000 Common Shares and accompanying Class A Warrants to purchase 1,750,000 Common Shares for a total purchase price of US$7 million. The Company's Chief Executive Officer and Chairman, Gerard Barron, the Company's Chief Financial Officer, Craig Shesky, and other members of the Company's board of directors also agreed to purchase Securities in the offering. The initial closing of the offering is expected on or about August 16, 2023, subject to the satisfaction of customary closing conditions. Two additional closings for US$2.5 million and US$6.5 million are expected to occur on or before November 30, 2023 and January 31, 2024, respectively, with respect to one of the investors in the offering pursuant to the terms of the securities purchase agreement. Cantor Fitzgerald & Co., Wedbush Securities LLC, EAS Advisors LLC, Fearnley Securities Inc. and ThinkEquity LLC are engaged by the Company as financial advisors.

08:52 EDT Euro Manganese reports cash, equivalents of C$10.9M at end of Q3 - The reduction in cash position is mainly attributable to: expenses related to project advancement, including award of the EPCM contract; commissioning of the Demonstration Plant; certain land rental payments; amendments to the ESIA; and administrative expenses related to project financing efforts and the corporate office. Additional expenses were incurred for site due diligence and completion of the Becancour Plant Scoping Study evaluating the construction and operation of a Dissolution Plant at the Port of Becancour in Quebec. Sufficient funding for delivery of near-term project milestones including advancing permitting for the Chvaletice Project, completing commissioning of the Demonstration Plant and its initial operation, and for general & administration expenses for the next 12 months. Additional funding will be required for execution of the EPCM services for the Project, certain scheduled payments for land acquisitions, future operation of the Demonstration Plant, as well as construction of future infrastructure and facilities for the Chvaletice Project and to advance the Company's North American strategy, including the Becancour Plant Feasibility Study. Dr. Matthew James, President & CEO of Euro Manganese, commented: "We continued to advance the Chvaletice Manganese Project during the third fiscal quarter and to date. Production of on-spec high-purity manganese metal from the Chvaletice Demonstration plant was a significant milestone. Additionally, the appointment of Wood as our EPCM partner signals our commitment to building a world-class facility in the Czech Republic to produce high-purity manganese, an essential component in lithium-ion batteries for electric vehicles. We remain focused on producing on-spec high-purity manganese sulphate from our onsite Demonstration Plant, which would further de-risk our process flowsheet and demonstrate our capacity to produce battery-grade manganese products at scale. Developments at our Becancour Project subsequent to the quarter make this opportunity increasingly attractive for the Company and its stakeholders. The positive Scoping Study delivered strong preliminary project economics for modest initial capital and estimated a short, 2-year build time. We now intend to proceed with a Feasibility Study to further refine Plant design, costs, and economics. Our MoU with MMC provides us with feedstock flexibility and enables us to potentially operate Becancour as a stand-alone project. More importantly, it outlines a path to bring Company production and cash-flow forward by at least a year, in advance of our Chvaletice Manganese Project in the Czech Republic. I am very excited about the potential significant value that Becancour could deliver for our stakeholders."

08:50 EDT Panbela announces issuance of new patent in Europe for production of SBP-101 - Panbela Therapeutics announced an Issue Notification for the European patent 2019213664 titled "METHODS FOR PRODUCING (6S,15S)-3,8,13,18- TETRAAZAICOSANE-6,15-DIOL". This patent, developed in collaboration with Syngene International Ltd., an integrated research, development, and manufacturing services company, claims a novel process with a reduced number of synthetic steps from seventeen to six to produce SBP-101. The patent is valid until 2039 and is undergoing individual country validations. Jennifer Simpson, PhD, MSN, CRNP, President & Chief Executive Officer of Panbela Therapeutics, commented, "We're excited to have this patent issued in Europe and look forward to individual country validations. With the addition of Europe to the previous issuance in the US and Australia, this further expands our patent portfolio and supports our global clinical programs." First issued in the United States in 2021 and now in several other territories, this patent covers a shorter synthesis of SBP-101. Which provides many benefits including a scalable, efficient and cost-effective manufacturing process to enable future commercialization. Jonathan Hunt, Managing Director and Chief Executive Officer, Syngene International Ltd., said, "We have been partnering with Panbela for the last decade and we are proud of the successful collaboration. Syngene's dedication to optimizing efficiency and accelerating medicine delivery is evident in the development of the novel process, which reduces the synthetic steps from seventeen to six. Reducing the number of steps in production and simplifying the manufacturing process means that the drug will reach patients faster. The patent issued in multiple markets and now in Europe is a testament to our combined expertise and commitment to improving patient outcomes."

08:49 EDT EUDA Health receives Nasdaq notification on minimum bid price requirement - EUDA Health received a written notice from the Listing Qualifications Department of The Nasdaq Stock Market indicating that the Company is not in compliance with the $1.00 Minimum Bid Price requirement set forth in Nasdaq Listing Rule 5550(a)(2) for continued listing on The Nasdaq Capital Market. The Notice does not result in the immediate delisting of the Company's securities from The Nasdaq Capital Market. The Nasdaq Listing Rules require listed securities to maintain a minimum bid price of $1.00 per share and, based upon the closing bid price of the Company's securities for the 30 consecutive business days for the period ending August 9, 2023, the Company no longer meets this requirement.

08:48 EDT Longeveron files amended registration statement for rights offering - Longeveron filed an amended registration statement with the Securities and Exchange Commission to conduct a tradable subscription rights offering to holders of its Class A common stock, Class B common stock and warrants to purchase its Class A common stock. The rights offering is being made through a distribution of five tradable subscription rights to purchase shares of Class A common stock, for each share of common stock and warrant to purchase common stock owned on the record date, at a $3.00 subscription price per share. The distribution of the subscription rights must be settled within two business days of the transaction date. So, to be considered a stockholder of record, you must own the stock in your brokerage account as of 5:00 PM Eastern Time on Wednesday, August 16, 2023, which is two trading days before the record date of Friday, August 18, 2023. The rights offering also includes an over-subscription privilege, entitling each rights holder that exercises all of its basic subscription rights in full the ability to purchase additional shares of Class A common stock that remain unsubscribed at the expiration of the rights offering, subject to the availability and pro rata allocation of shares among those exercising this over-subscription privilege. The amended registration statement also covers the placement of unsubscribed shares of Class A common stock for an additional period of up to 45 days following expiration of the offering, as well as the potential resale by the Company's principal stockholders, directors and executive officers of subscription rights during the period for which the subscription rights may be transferred in accordance with the terms of the rights offering.

08:46 EDT InnovAge appoints Sparks to its board of directors - InnovAge announced the appointment of Teresa Sparks to its Board of Directors, effective immediately. Sparks joins InnovAge's Board as Sean Traynor of Welsh, Carson, Anderson & Stowe steps down. She previously served as the Executive Vice President and Chief Financial Officer for Envision.

08:45 EDT Infinera, LightRiver to showcase power of coherent pluggables - Infinera and LightRiver announced the successful completion of a multi-vendor interoperability technology demonstration that leverages the latest generation of coherent pluggable solutions and validates how network orchestration can provide substantial improvements in network efficiency and enable new high-speed business services. The demonstration is based on Infinera's ICE-X intelligent coherent pluggable technology and LightRiver's netFLEX Transport Domain Orchestration and Control Software combined with Infinera's Intelligent Pluggables Manager software, providing seamless multi-vendor network automation. The innovative multi-vendor demonstration illustrates how LightRiver's netFLEX along with Infinera's IPM can enable seamless network operation of multi-vendor networks leveraging the efficiencies of intelligent coherent pluggable solutions in conjunction with the latest generation of routers and FTTX PON solutions. The demonstration includes Infinera's ICE-X line of intelligent coherent pluggables deployed in third-party host devices, including routers from Juniper Networks operating over a Smartoptics open ROADM system and the leading FTTX PON solution. The demonstration validates how network operators can leverage next-generation coherent pluggables to provide significant improvement in network efficiencies and expand network capacity by as much as 40 times, while also delivering new high-speed business services to currently underserved remote rural areas, including over single-fiber FTTX PON infrastructures.

08:42 EDT Bowen Acquisition announces separate trading of ordinary shares, rights - Bowen Acquisition announced that, commencing on or about August 17, 2023, holders of its units sold in the Company's initial public offering may elect to separately trade the Company's ordinary shares and rights included in the units. The ordinary shares and rights that are separated will trade on the Nasdaq Global Market under the symbols "BOWN" and "BOWNR," respectively. No fractional rights will be issued upon separation of the units and only whole rights will trade. Those units not separated will continue to trade on Nasdaq under the symbol "BOWNU." Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company's transfer agent, in order to separate the units into ordinary shares and rights. Bowen Acquisition Corp is a Cayman Islands corporation incorporated as a blank check company for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. The Company's efforts to identify a prospective target business will not be limited to a particular industry or geographic region although the Company intends to initially focus on target businesses in the infrastructure, engineering and construction, industrial and renewables industries. The Company's management team is comprised of Jiangang Luo, Chief Executive Officer, Jing Lu, Chief Financial Officer, Na Gai, Chairwoman of the Board of Directors and Lawrence Leighton, Wei Li and Jun Zhang, each a Director of the Company.

08:42 EDT Capstone says CEO Darren Jamison resigns, effective August 22 - Capstone Green Energy announced that Darren Jamison has resigned as President and CEO, and board member of Capstone Green Energy, effective August 22 The board will be initiating a search process to identify a permanent President and CEO. Robert C. Flexon, Capstone Board Chair, was appointed as Executive Chairman of the board effective August 9, and was also appointed to serve as Interim President and CEO, from the effective date of Mr. Jamison's resignation until a successor is named. In connection with Mr. Flexon's transition to Executive Chairman, Denise M. Wilson was appointed Lead Independent Director of the board. John J. Juric, who joined Capstone as Chief Financial Officer in March 2023, will continue to provide financial leadership for the company.

08:41 EDT Allied Motion to change name, symbol - Allied Motion announced that shareholders approved its corporate name change to Allient Inc. at a special meeting of shareholders held on August 11. The new name will be effective August 23 and at the opening of the markets that day, the company's shares will commence trading under the new ticker (ALNT) on the Nasdaq.

08:38 EDT Joint Corp. names Lori Abou Habib as new Chief Marketing Officer - The Joint Corp. announces the hiring of Lori Abou Habib, as its new Chief Marketing Officer. Reporting directly to Peter Holt, President and CEO of The Joint Corp., Abou Habib is tasked with leading marketing and strategic planning to advance enterprise initiatives and grow performance of clinics, franchise prospects and consumer awareness. Prior to The Joint, Abou Habib served for six years as senior vice president and chief marketing officer of Sonic.

08:34 EDT Ameren Executive Chairman Warner Baxter to retire, Marty Lyons to succeed - Ameren announced that Warner Baxter, executive chairman of the board of directors, will retire from Ameren and its board of directors, effective Nov. 2, after a 28-year career with the company. Marty Lyons, president and CEO, has been elected by the board of directors to the additional role of chairman of the board, also effective Nov. 2.

08:29 EDT Bionano Genomics announces CFO transition, appointment of Kama as CFO - Bionano Genomics announced that Gulsen Kama will serve as its next Chief Financial Officer, CFO, effective September 11, 2023. Christopher Stewart, who held the position of CFO since September 2020, will stay on during the transition and then move into an advisory role. Kama was most recently Chief Financial Officer at Northern Data AG.

08:27 EDT ViaSat Real-Time Earth opens ground station in Japan - Viasat opened a Real-Time Earth - RTE - ground station in Hokkaido, Japan, now enabling RTE customers the ability to downlink Ka-band payload data in the northwestern Pacific at the site hosted by RTE partner Infostellar. This new ground site gives RTE customers access to a strategic location that reduces the time it takes to deliver mission critical data. For Viasat, the Hokkaido ground station is a vital link in supporting high data rate remote sensing missions in polar and inclined orbits through the RTE network of Ka-band antenna systems.RTE plans to expand the Ka-band capability with sites in Alaska and Argentina later this year. RTE offers global S/X-band services at all sites.

08:25 EDT Absci expects cash to fund operations into late 2025 - Absci continues to anticipate at least ten new Active Programs in 2023, based on the company's current partnership pipeline. Absci also expects to generate more cash from execution on partnered programs this year and going forward, as compared to prior years, given the shift from cell line development to discovery programs. Absci continues to expect a gross use of cash, cash equivalents, and short-term investments, exclusive of partnered program and equipment financing receipts, of approximately $90 million, below prior year use of $105 million. Absci also continues to focus its investments and operations on strategic initiatives and near-term inflection points, providing cash and cash equivalents and short-term investments into late 2025, consistent with previous disclosures.

08:13 EDT Viracta Therapeutics expects cash to fund operations into late 2024 - Cash position - Cash, cash equivalents, and short-term investments totaled approximately $72.9 million as of June 30, 2023, which Viracta expects will be sufficient to fund its operations into late 2024 excluding any additional borrowing under a $50.0 million credit facility, of which $25.0 million remains available, at the Company's request and subject to the discretion of the lenders

08:09 EDT Leidos awarded new task order to support centers for Medicare, Medicaid services - Leidos has been awarded a new task order by the Centers for Medicare and Medicaid Services. The hybrid firm-fixed-price, time and materials order has a total estimated value of $197M. Leidos will support the Office of Information Technology and the Infrastructure and User Support Group through this order. Through this order, Leidos will deliver a personalized and modern IT support service to CMS. This encompasses the implementation of new processes to streamline end-users' experiences and the integration of advanced technologies across multiple platforms while maintaining the highest standards of data protection for CMS.

08:07 EDT Clene expects cash to fund operations into mid-2024 - Clene's cash, cash equivalents and marketable securities totaled $49.2 million as of June 30, 2023, compared to $23.3 million as of December 31, 2022. Clene expects that its resources as of June 30, 2023, will be sufficient to fund its operations through mid-2024.

08:06 EDT Canoo finalizes incentive package with Oklahoma, Cherokee Nation - Canoo has finalized today agreements on workforce and economic development incentives from the state of Oklahoma and the Cherokee Nation for its vehicle assembly and battery module manufacturing plants in Oklahoma City and Pryor, respectively. The estimated combined value of the incentive agreements is up to $113M over 10 years. The agreements require the company to meet job creation and investment targets. The agreement with the Oklahoma Department of Commerce will enable Canoo to receive performance-based payments from the Quality Jobs program and the Quick Action Closing Fund and to receive workforce training support. The Department of Commerce has issued a letter confirming Canoo's eligibility for certain state tax credit and tax exemption programs. Canoo also signed on-the-job training agreements with the Cherokee Nation. Under these agreements, the Cherokee Nation is committed to working with Canoo to identify skilled workers within their reservation to staff the battery module manufacturing facility in Pryor. Canoo will invest more than $320M in its Oklahoma City assembly facility and Pryor battery module manufacturing plant. Together, these facilities will create more than 1,360 jobs at wages that exceed average state and local salaries, according to Department of Commerce data.

08:04 EDT ChargePoint appoints Sherice Torres as Chief Marketing Officer - -ChargePoint announced the appointment of Sherice Torres as Chief Marketing Officer. Torres joins ChargePoint's executive team to lead global marketing as the EV ecosystem enters a period of exponential growth. "I look forward to leading the marketing organization through the company's next phase of growth, and applying myself as well as my experience to a more sustainable future of transportation."

07:59 EDT CNS Pharmaceuticals expects cash to fund operations into 4Q23 - s of June 30, 2023, the Company had cash of approximately $4.3 million and working capital of approximately $2.1 million. The Company's current expectation is that the cash on hand is sufficient to fund operations into the fourth quarter of 2023, through the topline data readout for the Berubicin potentially pivotal study. The timing and costs of clinical trials are difficult to predict and trial plans and timing of milestones may change in response to evolving circumstances and as such the foregoing estimates may prove to be inaccurate.

07:56 EDT Western Alaska Minerals extends Waterpump Creek mineralization - Western Alaska Minerals reports the first assay results from the initial step-out phase of its second-year drilling program at the 100% owned Waterpump Creek silver-rich Carbonate Replacement Deposit. Hole WPC23-0030 extends WPC to 495 meters in strike length. Highlights: Step-out drill hole WPC23-0030: Cumulative 71.6 meters of multiple high-grade zones; 22.0m of 146 gpt Ag, 3.3% Pb and 9.8% Zn; 40.2m of 262 gpt Ag, 10.9% Pb and 4.5% Zn, including; 5.3 meters of 729 gpt Ag, 24.1% Pb and 3.1 % Zn, and 8.6 meters of 493 gpt Ag, 22.9% Pb and 2.6% Zn; Extends the WPC system at least 45 meters down plunge to the south and demonstrates continuity of the system.; Extends WPC system to 495m in total length. Last Hurrah Drilling: The Company is excited to share visuals from the first drilling at Anaconda's "Last Hurrah" target, which appears to be an offset continuation of Waterpump Creek. Hole LH23-0005 cut 21.4m of strongly ultraviolet fluorescent "Barbecue Rock" in "Fugitive Calcite" veining, a proximal "exhaust" feature of CRD mineralization according to CRD expert, Dr. Peter Megaw, technical advisor to WAM. Similar Barbeque Rock surrounds mineralization at the Waterpump Creek deposit, where it occurs within 25m to 50m of high-grade CRD massive sulphide mineralization. "We welcome this proof that high-grade mineralization at Waterpump Creek remains open to the south and that the distinctive CRD alteration seen there is turning up in our drilling 700m farther south at Last Hurrah," said Kit Marrs, CEO of Western Alaska Minerals. "We look forward to continuing drilling at Last Hurrah to find the sulphides that the alteration is telling us should be nearby and trace it back towards WPC, which may just be the tip of the finger of a major CRD manto".

07:50 EDT Aclara Resources appoints Bonzi Yokomizo as GM, Brazil - Aclara Resources announce the appointment of Bonzi Yokomizo as General Manager of the wholly owned Brazilian subsidiary, effective Aug 10, 2023. Mr. Yokomizo joins Aclara with a long history leading large-scale mining projects across the globe, including the Americas. Africa, and the UK. His most recent role was Chief Projects Officer at Serra Verde, an ionic clays heavy rare earths mining project located in the State of Goias, Brazil, where he was instrumental in driving engineering for the project implementation, construction, and commissioning.

07:46 EDT Boralex to continue to work on initiatives under 2025 Strategic Plan - The company said, "Boralex's 2025 Strategic Plan is built around the same four strategic directions as the plan launched in 2019 - growth, diversification, customers and optimization - and six corporate targets. The details of the plan, which also sets out Boralex's corporate social responsibility strategy, are found in the Corporation's annual report. Highlights of the main achievements for the quarter ended June 30, 2023, in relation to the 2025 Strategic Plan can be found in the 2023 Interim Report 2, available in the Investors section of the Boralex website. In the coming quarters, Boralex will continue to work on its various initiatives under the strategic plan, including project development, analysis of acquisition targets and optimization of power sales and operating costs. Finally, to pursue its organic growth, the Company has a pipeline of projects at various stages of development defined on the basis of clearly identified criteria, totalling 5,326 MW in wind, solar and energy storage projects, as well as a Growth Path of 971 MW of wind, solar and energy storage projects."

07:44 EDT FTI Consulting adds four Executive Vice Presidents - FTI Consulting announced the appointments of Lona Fowdur, Daniel Gaynor, Cagatay Koc and Loren Smith as Executive Vice Presidents within the firm's Compass Lexecon subsidiary in Washington, D.C. Previously, Dr. Fowdur was a Managing Director at Secretariat Economists. Dr. Gaynor joins from the Brattle Group, where he was a principal for 17 years. Dr. Koc joins from Secretariat Economists, where he was a Managing Director. Dr. Smith rejoins the firm from the Brattle Group, where he was the Practice Leader for Antitrust and Competition.

07:42 EDT Petrus Resources revises 2023 capital budget - The company said, "Consistent with Petrus' commitment to maximize long term value for shareholders, the Company has pivoted its capital program for the remainder of 2023 to ensure spending remains within cash flow while also prioritizing its most strategic investments. This shift also positions Petrus to generate significant free cash flow allowing the Company to introduce a return of capital to shareholders through dividends and share buy-backs in the fourth quarter while continuing to reduce debt. Petrus is revising its 2023 capital budget guidance to $60 million to $75 million, $33.1 million of which has already been spent, largely on drilling. Remaining capital will be allocated as follows: 35% to adding infrastructure, including a pipeline to North Ferrier which will provide greater flexibility and lower operating costs in the development of our assets in this area; and 65% to new wells, including the completion of the four Ferrier wells drilled in Q1 2023, and new drilling in North Ferrier. The revised capital budget is expected to result in 2023 annual production of 10,000 to 10,500 boe/d and annual funds flow of $70 million to $80 million. Net debt at the end of the year is expected to be $40 million to $50 million, well below our target maximum net debt to annualized funds flow ratio of 1x. Free cash flow is expected to be in the range of $5 million to $15 million. In summary, the Board of Directors has approved a revised 2023 capital budget and guidance is as follows: Capital budget of $60 million to $75 million. Average annual production rate of 10,000 to 10,500 boe/d. Generate annual funds flow of $70 million to $80 million for 2023; Free cash flow of $5 million to $15 million, which will be used to introduce a return of capital to shareholders through dividends and share buy-backs in the fourth quarter and continue to reduce debt. The revised capital program is reflective of Petrus' flexible and disciplined investment strategy and strongly positions the Company for sustainable long term growth and value creation."

07:40 EDT Momentus signs $746.07M contract with SDA - Momentus has signed a contract with the U.S. Defense Department's Space Development Agency, or SDA, for a Small Business Innovation Research Award, "Orbital Service Vehicle Enhancements to Meet Department of Defense (DoD) Mission Requirements." Under this award, Momentus will tailor the capabilities of its Vigoride Orbital Service Vehicle to support a full range of DoD payloads and mission requirements. The additional capabilities will be developed to a Critical Design Review maturity, setting the stage for a rapid transition to an in-space flight demonstration. The first contract action is valued at $746,073 with an option to add an additional $1,196,404 for further work.

07:35 EDT Harmony Biosciences to acquire Zynerba - Harmony Biosciences (HRMY) announced a definitive agreement to acquire Zynerba Pharmaceuticals (ZYNE). Under the terms of the definitive agreement, Harmony will commence a tender offer to acquire all outstanding shares of Zynerba for a purchase price of $1.1059 per share in cash, or $60M in the aggregate, plus one non-tradeable contingent value right per share, representing the right to receive potential additional payments of up to $140M in the aggregate, subject to the achievement of certain clinical, regulatory and sales milestones. Zynerba's lead asset, Zygel, is the first and only pharmaceutically manufactured, synthetic cannabidiol, a non-euphoric cannabinoid, formulated as a patent-protected permeation-enhanced gel for transdermal delivery through the skin and into the circulatory system. Zygel is currently being evaluated in a pivotal Phase 3 clinical trial for patients living with FXS. Cannabidiol, the active ingredient in Zygel, has been granted orphan drug designation by the FDA and the EMA for the treatment of FXS and for the treatment of 22q. There are currently no FDA-approved therapies to treat 22q. Harmony will fund the transaction from its existing cash on hand. As of June 30, 2023, Harmony had cash, cash equivalents and investment securities of $429.6M. Zynerba's existing cash and cash equivalent balance was approximately $36.0M as of June 30. The transaction is expected to close by Q4. Zynerba's board of directors unanimously recommends that Zynerba's stockholders tender their shares in the tender offer.

07:31 EDT Rogers Sugar sees 2023 capital project spending C$1M - The company said, "Following a solid performance in the third quarter of 2023, we expect to continue to deliver strong and stable financial results in 2023. Strong sugar demand and pricing is expected to continue and provide improved results, despite ongoing inflationary pressures. We expect our Maple segment will continue to face a challenging business environment for the remainder of 2023, as the unfavourable market and economic conditions encountered over the last year remain. We intend to mitigate these unfavourable market conditions with recently negotiated price increases, and newly implemented production automation initiatives. Sugar: We continue to expect the sugar segment to perform well in fiscal 2023. Underlying North American demand remains strong across all customer segments supported by favourable market dynamics. We expect that improvements in pricing implemented over the last year will continue to support our financial results positively, allowing us to mitigate the current impact of inflationary pressures on costs. In Taber, the harvest season delivered the expected volume of sugar beets, and the processing campaign was completed in early February. The current year crop yielded 104,000 metric tonnes, lower than the prior year production by 16,000 metric tonnes. The lower-than-expected production is attributable to unfavourable weather conditions encountered in the later stage of the current year growing period, which negatively impacted the sugar content of the sugar beets. We have increased the production plans of our Montreal and Vancouver cane sugar facilities and arranged for the temporary importation of refined white sugar from Central-America, to mitigate the production shortfall of our Taber facility and ensure we can support our commitments to our customers. In April 2023, we concluded a new two-year agreement with the Alberta Sugar Beet Growers for the supply of sugar beets to the Taber beet plant, for which the crop harvested in the fall of 2023 will be the first year of the agreed contract. We have slightly reduced our fiscal 2023 sales volume expectations to approximately 800,000 metric tonnes from 805,000 metric tonnes. The decrease of 5,000 metric tonnes reflects current market dynamics and timing differences in orders from large customers. While down slightly from previous expectations, our full-year 2023 volume outlook of 800,000 metric tonnes for the Sugar segment represents an increase of over 5,000 metric tonnes or 1% over 2022, which was our highest sales volume year on record. Overall, we expect the following year-over-year volume variances for our customer segments: Industrial, our largest segment, is expected to increase by 2%, as a result of the continuous strong demand supported by favourable market dynamics; Liquid volume is expected to grow by 1% driven by continued demand from existing customers; Consumer volume is expected to remain stable; and A planned 9% reduction in sales to the export markets for 2023, due to the growing demand and strong economics of the domestic market. Production costs and maintenance programs for our three production facilities are expected to be moderately impacted by the current inflationary pressures, and we continue to focus on cost control initiatives throughout our operations. We expect an increase in distribution costs in 2023, reflecting the incremental needs to move sugar between our facilities to support the demand of our customers and the recent related inflationary-based increases for logistics and supply chain costs. Administration and selling expenses are expected to be stable in 2023. We have been able to mitigate the impact of recent increases in interest rates and energy costs through our multi-year hedging strategy. We do not anticipate these increases to have a material impact on our operating results in the near future, as we expect our hedging strategy will continue to mitigate most of our exposure to such risks. However, we anticipate higher net finance costs, mainly from higher working capital requirements. Spending on regular business capital projects is also expected to remain stable for fiscal 2023. We anticipate spending approximately $25 million on various initiatives. This capital spending estimate excludes expenditures relating our recently announced production and logistic capacity expansion project in eastern Canada, which are currently estimated at $13 millions for fiscal 2023. Maple Products: For the remainder of 2023, we expect the global Maple industry to be negatively impacted by high inflation, resulting in lower global demand from retail customers. We anticipate the unfavourable impact related to the reduction in retail demand and the related increased competitiveness of the market will be mitigated by recently negotiated price increases with key customers, lower production costs driven by newly implemented automation projects and favourable recently negotiated supply agreements for packaging material. The expected spending for capital projects for 2023 is approximately $1.0 million, which is consistent with recent years. The main driver for the Maple segment projects is to improve productivity and profitability through automation."

07:26 EDT Taysha Gene Therapies expects cash to fund operations into 3Q25 - As of June 30, 2023, Taysha had $45.1 million in cash and cash equivalents. Taysha expects to receive gross proceeds of $150 million from the Private Placement, which is expected to close August 16, 2023, before deducting placement agent commissions and offering expenses. The net proceeds from the private placement, combined with the current cash and cash equivalents, are expected to fund its operational plans and capital requirements into the third quarter of 2025.

07:21 EDT Spectral receives ISO 13485 certification for AI-driven DeepView Wound Imaging - Spectral MD announces that it has received ISO 13485 certification for the manufacture and distribution of its AI-driven DeepView Wound Imaging System which is designed to provide immediate, accurate, and binary wound treatment assessments for Burn and Diabetic Foot Ulcer indications. Niko Pagoulatos, Chief Operating Officer of Spectral MD, said: "The receipt of ISO 13485 confirms Spectral MD's status as a global provider of medical devices that meet the highest standards of quality, reliability, and safety. We believe that this acknowledgement reflects Spectral MD's commitment to fostering a culture of continuous improvement, validates the robust sourcing and operational framework we have created, and provides an important competitive advantage as we continue our regulatory submission initiatives and advance towards product commercialization." As announced on April 11, 2023, Spectral MD Holdings has entered into a business combination agreement to combine with Rosecliff Acquisition Corp I, a special purpose acquisition company listed on Nasdaq.

07:20 EDT Aldebaran Resources announces it has earned a 60% interest in Altar Project - Aldebaran Resources announces it has completed the $30M in expenditures required to earn a 60% interest in the Altar copper-gold project pursuant to its joint venture agreement with Sibanye-Stillwater. Additionally, the Company has notified Sibanye-Stillwater that it intends to proceed with the second option to spend US$25 million over a three-year period to acquire an additional 20% interest in the Altar project. Upon completion of the second option, Aldebaran will own an 80% interest in the Altar project while Sibanye-Stillwater will own a 20% interest. As of June 30, 2023, the Company has spent approximately US$38 million on the project. John Black, Chief Executive Officer of Aldebaran, commented as follows: "We're happy to report that we've officially earned a 60% interest in the Altar project and are on our way to earning an eventual 80% interest. When we picked up this project in 2018, we understood that it had immense potential; however, it has exceeded our expectations on several fronts. Altar represents one of the largest undeveloped copper projects in the world, and we are excited to continue to unlock its potential to help supply necessary copper resources to fuel the worldwide green energy revolution."

07:16 EDT Medicenna Therapeutics appoints Meadows as CBO - Medicenna Therapeutics announced the appointment of Brent Meadows, MBA, as its Chief Business Officer, CBO, as part of the Company's plans to establish a world-class C-suite in Boston, the industry's largest biotech hub. Prior to joining Medicenna, Meadows served as CBO at OncoOne.

07:15 EDT Mesa Airlines launches $20,000 direct-entry captain referral incentive - Mesa Airlines is launching a one of a kind Direct-Entry Captain Referral Program, offering a $20,000 incentive to anyone who successfully refers a qualified pilot for employment with the company as a Captain. "We are thrilled to launch this program as a way to reward anyone willing to help us grow and attract new talent to our company," said Jonathan Ornstein, Chairman and CEO of Mesa Airlines. "We are looking for motivated and qualified pilots who want to join our family and grow with us as we expand our operations. This is a wonderful opportunity to advance your career, have a direct flow to United through their Aviate program, and earn a generous bonus at the same time."

07:11 EDT BioXcel Therapeutics expects cash to last through mid-2024 - Cash and cash equivalents totaled $127.5 million as of June 30, 2023. The Company is undertaking a strategic reprioritization, which includes a reduction in force of more than 50%, that is expected to reduce expenses significantly. In the absence of additional capital becoming available to the Company under the strategic financing agreements or otherwise, the Company estimates that its current cash and cash equivalents will last through mid-2024. The Company's previously disclosed cash runway projection assumed the full utilization of its strategic financing agreements with Oaktree Fund Administration LLC and Qatar Investment Authority. Based on recent events, the Company is not likely to be in a position to meet the milestones required to access additional capital under the financing agreements. The Company has initiated discussions with its strategic financing partners to amend the agreements. Successful modification of these agreements could further extend the Company's cash runway.

07:08 EDT Gamida Cell continues to explore alternatives for a 'resourced launch' - The company continues to work with Moelis & Company LLC to engage and advance discussions with multiple parties as part of its efforts to explore alternatives to support a fully resourced launch.

07:04 EDT U.S. Energy suspends dividend payment policy - Additionally, the Company's board of directors paid a $0.0225 per share dividend to shareholders of record on May 19, 2023. Subsequently, the Board of Directors has suspended the Company's dividend payment policy, with the associated capital planned to go towards accelerating the Company's share repurchase program.

06:48 EDT MSCI acquires Burgiss - MSCI has entered into a definitive agreement to acquire the remaining 66% of The Burgiss Group for $697M in cash. Burgiss is a Hoboken, New Jersey-based market-leading provider of data, analytics, and technology solutions for investors in private assets. Since its initial investment in January 2020, MSCI will have invested an aggregate of $913M to acquire all of Burgiss. With over 35 years of expertise in alternative investments, Burgiss offers private asset data, analytics, and software applications, including performance data that dates back to 1978. The Burgiss dataset covers over 13,000 private asset funds around the world, representing $15T in cumulative investments across private equity, private real estate, private debt, infrastructure, and natural resources in 195 countries. Burgiss serves approximately 1,000 clients in 40 countries with 650+ employees across the U.S., Europe, Asia Pacific, and South Africa. This acquisition will also expand MSCI's suite of multi-asset class technology solutions with the Burgiss Caissa Platform. MSCI anticipates funding the purchase consideration from existing liquidity sources. Burgiss is expected to generate over $90M of revenue in 2023 with an EBITDA margin and operating income margin in the mid-teens. The transaction is expected to close in Q4.

06:39 EDT New Found Gold signs MOU with Maritime Resources for use of Pine Cove Mill - New Found Gold (NFGC) has entered into a non-binding memorandum of understanding with Maritime Resources (MRTMF) pursuant to which the company has been granted the right to conduct due diligence and exclusivity to negotiate with Maritime regarding a toll milling agreement at the existing Pine Cove Mill located at the Point Rousse project near Baie Verte, Newfoundland and Labrador. The project's attributes include: high-grade gold mineralization at many of the Queensway project's zones starts in the bedrock just 3-6m below surface including at Keats, Iceberg and Keats West; mineralization at Keats, Iceberg and Keats West is easily accessible and located less than one kilometre from the Trans-Canada Highway: renewable hydroelectric sourced high-tension powerlines run directly across the project adjacent to the Keats, Iceberg and Keats West zones. The Pine Cove Mill is a fully permitted gold processing facility that was operating as recently as Q1 of this year and is rated at 1,400 tons per day located on the Baie Verte peninsula, approximately 270km from the Queensway project by paved highway.

06:26 EDT Chesapeake announces sale of final Eagle Ford package for $700M - Chesapeake (CHK) announced that it has executed an agreement to sell its remaining Eagle Ford assets to SilverBow Resources (SBOW) for $700M, bringing the total proceeds from its Eagle Ford exit to more than $3.5B. Chesapeake has agreed to sell approximately 42,000 net acres and approximately 540 wells in the condensate rich portion of its Eagle Ford asset located in Dimmit and Webb counties, along with related property, plant and equipment. During the second quarter of 2023, average net daily production from these properties was approximately 29,000 barrels of oil equivalent, or boe, which generated approximately $50M of EBITDAX. As of December 31, 2022, net proved reserves associated with these properties were approximately 124M barrels of oil equivalent, or mmboe. Chesapeake expects the transaction will close, subject to certain regulatory approvals and consents, in 2023, with an effective transaction date of February 1. The company will receive $650M upon closing, subject to customary adjustments, with the final $50M installment paid one year from the closing date. SilverBow has also agreed to pay Chesapeake an additional contingent payment of $25M should oil prices average between $75 and $80 per barrel WTI NYMEX or $50M should WTI NYMEX prices average above $80 during the year following the close of the transaction, which could increase total proceeds of the deal to $750M. Chesapeake anticipates the proceeds will be available to further strengthen its balance sheet and for its share repurchase program.

06:08 EDT Hut 8 Mining provides update on business combination with U.S. Data Mining Group - Hut 8 Mining announced that, in connection with its previously announced business combination with U.S. Data Mining Group, Inc. dba US Bitcoin Corp to be effected by way of a court-approved plan of arrangement under the Business Corporations Act, the company has obtained an interim order from the Supreme Court of British Columbia. The Interim Order provides for, among other things, the holding of a special meeting of the holders of common shares of the company to approve the arrangement. The special meeting is scheduled to be held on September 12.

06:02 EDT Coinbase announces expansion in Canada - Coinbase announced its Canadian expansion with a series of new offerings that demonstrate its commitment to Canada as a priority Go Deep market. Through its partnership with Peoples Trust Company, part of Peoples Group, Coinbase is now providing access to Interac e-Transfers to 100% of Canadian Coinbase users, making it secure and simpler than ever to move money in and out of your account. This will make cryptocurrencies more accessible to millions of Canadians. Interac availability was the most requested feature by Canadian users, and today's news demonstrates Coinbase's plan to build a platform that is for Canadians, by Canadians. Depositing funds to Coinbase using Interac is free and almost instant. In the last month, over 50% of deposits have been made through Interac e-transfer. Starting today, Canadian Coinbase users can also maximize the full potential of crypto with the best of Coinbase through membership with Coinbase One. Free for all users for 30 days, Canadians now have access to zero trading fees, boosted staking rewards, priority 24/7 support, and more.