Stockwinners Market Radar for September 18, 2023 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
FLEX | Hot Stocks21:39 EDT Flex CFO sells $1.38M in common stock - In a regulatory filing, Flex disclosed that its CFO Paul Lundstrom sold 53.5K shares of common stock on September 18th in a total transaction size of $1.38M.
|
BEAM | Hot Stocks20:05 EDT Cathie Wood's ARK Investment bought 85.7K shares of Beam Therapeutics today
|
SMTC | Hot Stocks19:38 EDT Semtech director buys $496.5K in common stock - In a regulatory filing, Semtech disclosed that its director Paul Walsh bought 20K shares of common stock on September 18th in a total transaction size of $496.5K.
|
ALPMY | Hot Stocks19:06 EDT Astellas Pharma announces positive topline results from IZERVAY phase 3 study - Astellas Pharma "announced positive 24-month topline results from the Phase 3 GATHER2 clinical trial evaluating the efficacy and safety of IZERVAY, a complement C5 inhibitor for the treatment of geographic atrophy secondary to age-related macular degeneration. Topline results demonstrated that the IZERVAY monthly dosing regimen met the primary objective to significantly slow GA growth compared to sham at 24 months. Additionally, the treatment effect with the every other month dosing regimen for IZERVAY showed a similar reduction in the rate of GA growth versus sham. Overall, safety after 24 months of treatment was consistent with previously reported 12-month data, with no new safety signals identified. There was one case of culture-positive endophthalmitis and one case of non-serious intraocular inflammation. There were no cases of occlusive or non-occlusive retinal vasculitis or ischemic neuropathy. The rate of choroidal neovascularization was 12% in patients treated with IZERVAY and 9% in those treated with sham."
|
ORCL | Hot Stocks18:46 EDT Oracle CEO: We continue to accelerate in our growth - In an interview on CNBC's Mad Money, Safra Catz said Oracle has so much demand, it keeps booking it. In the first week this quarter, it booked $1.5B in just AI workloads. "We spent a lot last year in setting up the base for our cloud," she noted. She said moving the Cerner business to the cloud is resulting in near term headwinds for that unit. "Cerner is an opening to bring healthcare to the 21st century," she added.
|
AZO | Hot Stocks18:18 EDT AutoZone announces senior leadership changes - AutoZone, following its Leadership Transition Plan announced on June 26, announced additional senior leadership changes. Tom Newbern, a 38-year AutoZoner, currently Executive Vice President, Operations, Sales and Technology, has been promoted to COO. Additionally, Jamere Jackson, current CFO and Executive Vice President, Finance and Store Development, has been promoted as CFO where he will continue to lead the Finance and Store Development teams. Phil Daniele, CEO-Elect, is positioning Tom and Jamere as equivalents and the senior most leaders of his leadership team. Additionally, Bill Hackney, a 38-year AutoZoner, currently Senior Vice President, Merchandising, has been promoted to Executive Vice President, Merchandising, Marketing and Supply Chain replacing Phil Daniele who previously held the role. Finally, three of AutoZone's other Executive Committee members will be retiring around the end of the calendar year consistent with AutoZone's long-standing Succession Plan. The company has active searches under way for Grant and Al's replacements which will include internal and external candidates and Charlie's role will be restructured.
|
NVRI BHC | Hot Stocks18:13 EDT Enviri to name Tom Vadaketh as CFO, effective October 16 - Enviri (NVRI) announced Tom Vadaketh will be appointed as Senior Vice President and CFO, effective October 16. Vadaketh will succeed Pete Minan, who previously announced plans to retire and has been serving as Interim CFO. Vadaketh joins Enviri with more than 30 years of financial experience, most recently serving as CFO of Bausch Health (BHC), a $4.5B pharmaceutical and medical aesthetics company.
|
BHC | Hot Stocks17:51 EDT Bausch Health CFO Tom Vadaketh resigns effective October 13 - Bausch Health announced that Tom Vadaketh, Executive Vice President, CFO, has resigned from his role to pursue another opportunity, and will be leaving the company effective October 13. A formal search process to identify Vadaketh's permanent replacement has been initiated. If a permanent replacement is not in place at the time of Vadaketh's departure, the company intends to appoint John Barresi, who is currently serving as the company's Senior Vice President, Controller and Chief Accounting Officer, to the role of interim CFO. Barresi has more than 15 years of experience as a corporate finance executive.
|
SFIX | Hot Stocks17:23 EDT Stitch Fix sees Q1, FY24 gross margin 43%-44% - Says expects inventory balances to rise in Q1. Says focused in delivering long-term profitable growth. Says this is pivotal time for the company. Says unlocked leverage potential for the business. Says Q4 performance was better than expected. Says expects full closure of UK operations to be completed by end of calendar year. Says anticipates reporting UK results as discontinued operations in Q1. Says FY24 guidance assumes the company is free cash flow positive for the year. Sees Q1 UK revenue $7M. Comments and guidance taken from Q4 earnings conference call.
|
LGND | Hot Stocks17:18 EDT Ligand spins out and merges Pelican subsidiary with Primordial Genetics - Ligand Pharmaceuticals announced that it has entered into a merger agreement, pursuant to which its subsidiary, Pelican Technology Holdings, Inc., has become a wholly owned subsidiary of Primrose Bio, Inc. Primrose Bio is a stand-alone private company focused on synthetic biology. As part of the transaction, Ligand retains the existing commercial royalties related to the Pelican Expression Technology and will own 49.9% of Primrose Bio. Simultaneous with the merger, Ligand entered into a Purchase and Sale Agreement with Primrose Bio and contributed $15 million in exchange for a portion of the economic rights from two contracts previously entered into by Primordial Genetics and an economic interest in potential future revenues generated from PeliCRM197.
|
FARM | Hot Stocks17:07 EDT Farmer Bros. director buys $206.2K in common stock - In a regulatory filing, Farmer Bro disclosed that its director Bradley Radoff bought 80K shares of common stock on September 15th in a total transaction size of $206.2K.
|
STEM | Hot Stocks17:06 EDT Stem director buys $298.8K in common stock - In a regulatory filing, Stem disclosed that its director David Buzby bought 62K shares of common stock on September 15th in a total transaction size of $298.8K.
|
BTBT... | Hot Stocks17:05 EDT NY financial regulator gives further guidance for Greenlisted coins - Adrienne A. Harris, Superintendent of Financial Services said in a release: "Unless otherwise informed by the New York State Department of Financial Services or DFS , virtual currency business entities that are either licensed under 23 NYCRR Part 200 or chartered as a limited purpose trust company under the New York Banking Law , do not need the Department's prior approval to list coins included on the Greenlist. VC Entities that choose to list Greenlisted coins must, however: 1) provide advance notification to DFS prior to beginning support; and 2) have a DFS-approved coin-delisting policy. The Greenlist is wholly separate and independent from any individual VC Entities' coin-listing policies and resulting self-certifications. In general, DFS will consider adding a coin to the Greenlist if: 1) the coin or coin issuer has a demonstrated, historic record consistent with safety and soundness and the protection of customers, including broad marketplace adoption, or 2) the coin is a stablecoin approved by DFS for issuance in New York by a VC Entity.1 DFS may, at any time and in its sole discretion, add any coin to the Greenlist; remove any coin from the Greenlist; refrain from placing any coin on the Greenlist; discontinue the Greenlist process entirely; prohibit or otherwise limit a coin's use before or after a VC Entity begins using a coin; or require that any VC Entity delist, halt, or otherwise limit or curtail activity with respect to any coin. U.S. Dollar-backed stablecoins approved for issuance in New York are subject to the Department's Guidance on the Issuance of U.S. Dollar-Backed Stablecoins." Publicly traded companies in the space include Bit Digital (BTBT), Coinbase (COIN), Core Scientific (CORZ), Greenidge Generation (GREE), Marathon Digital (MARA), MicroStrategy (MSTR), Riot Platforms (RIOT), Stronghold Digital Mining (SDIG), TeraWulf (WULF), Bitcoin Investment Trust (GBTC). Reference Link
|
KNTE | Hot Stocks16:50 EDT Kinnate Biopharma trading resumes
|
BKNG | Hot Stocks16:43 EDT Booking Holdings CFO sells $1.76M in common stock - In a regulatory filing, Booking Holdings disclosed that its CFO David Goulden sold 550 shares of common stock on September 15th in a total transaction size of $1.76M.
|
BKNG | Hot Stocks16:43 EDT Booking Holdings CEO sells $2.38M in common stock - In a regulatory filing, Booking Holdings disclosed that its CEO Glenn Fogel sold 750 shares of common stock on September 15th in a total transaction size of $2.38M.
|
AL | Hot Stocks16:42 EDT Air Lease announces lease placements of one Airbus A330-200 with HiSky - Air Lease announced a long-term lease placement for one Airbus A330-200 aircraft with HiSky. Scheduled to deliver to the European carrier in 2023, this A330-200 aircraft joins one A319-100, four A320-200s and two A321-200neo LR aircraft currently on lease to HiSky from ALC.
|
QTWO | Hot Stocks16:41 EDT Q2 Holdings director Seale sells 22,300 common shares - In a regulatory filing, Q2 Holdings director R.H. Seale disclosed the sale of 22,300 common shares of the company on September 15 at a price of $32.59 per share.
|
NSC | Hot Stocks16:36 EDT Norfolk Southern announces Value Assurance Program for East Palestine homeowners - Norfolk Southern announced Monday an interim Value Assurance Program. The VAP will compensate any reduction in value of eligible residential properties located in East Palestine, Ohio and some surrounding communities following the February derailment. This announcement comes as Norfolk Southern is working toward a long-term program as part of broader commitments the company made in March 2023. "This is another step in fulfilling our promise to East Palestine to make it right. Norfolk Southern is steadfast in keeping our commitments, including protecting the home values of the community," said Alan H. Shaw, President and CEO of Norfolk Southern. "This program aims to give homeowners the reassurance they need." Through the interim VAP, those residents in the defined program area who have sold their homes since February 3, currently have their homes on the market, or will put their homes on the market, are eligible to be compensated for any difference between their home's market value and its sale price. The interim VAP will also be available for future sales as Norfolk Southern develops the full long-term program in concert with stakeholders involved in that legal process. At the time of the long-term VAP announcement, the interim plan will end, and the long-term VAP requirements will apply. The interim VAP, and any monetary benefits received by those participating in the interim VAP, is available to eligible property owners. Eligible property owners will work with independent appraisers to assess the value of their home, and with the Norfolk Southern Family Assistance Center after the sale to recoup any difference.
|
HSTO | Hot Stocks16:35 EDT Histogen trading resumes
|
SPCB | Hot Stocks16:31 EDT SuperCom receives Nasdaq letter on minimum bid requirements - SuperCom received a letter from Nasdaq, indicating that the company was not in compliance with Nasdaq Listing Rule 5550(a)(2), as the company's closing bid price for its common stock was below $1.00 per share for the 30 consecutive business days prior to the Notice, between August 1, 2023 and September 11, 2023. SuperCom expects to regain compliance with the minimum bid price requirement within the upcoming 180 days compliance period.
|
FATH | Hot Stocks16:30 EDT Fathom Digital announces 1-for-20 reverse stock split - Fathom Digital Manufacturing Corp. announced its Board of Directors approved a 1-for-20 reverse stock split of the company's common stock that will become effective after the close of market trading on September 28, 2023. The reverse stock split was approved by the company's stockholders on July 11, 2023 at the company's annual meeting of stockholders, with authorization to determine the final ratio having been granted to the company's Board of Directors. At the effective time of the reverse stock split, every 20 shares of issued and outstanding common stock will be combined and reclassified into one issued and outstanding share of common stock. Once effective, the reverse stock split will reduce the current number of issued and outstanding shares of the company's Class A common stock from approximately 70.1 million to approximately 3.5 million. Additionally, at the effective time, every 20 issued and outstanding shares of the company's Class B common stock, which is not listed on the New York Stock Exchange, will be combined and reclassified into one share of the company's Class B common stock.
|
MVST | Hot Stocks16:29 EDT Microvast director Zheng sells 313,009 common shares - In a regulatory filing, Microvast Holdings director Yanzhuan Zheng disclosed the sale of 313,009 common shares of the company on September 15 at a price of $2.02 per share.
|
WNC | Hot Stocks16:28 EDT Wabash enters multi-year agreement with Rockland Flooring - Wabash announced a multi-year agreement with Rockland Flooring for laminated wood trailer flooring.
|
ZEV | Hot Stocks16:27 EDT NYSE to commence delisting proceedings against Lightning eMotors - The New York Stock Exchange announced that the staff of NYSE Regulation has determined to commence proceedings to delist the common stock and redeemable warrants of Lightning eMotors from the NYSE. Trading in the company's securities will be suspended immediately. "NYSE Regulation reached its decision to delist the company's securities pursuant to Section 802.01B of the NYSE's Listed Company Manual because the company had fallen below the NYSE's continued listing standard requiring listed companies to maintain an average global market capitalization over a consecutive 30 trading day period of at least $15,000,000. The company has a right to a review of this determination by a Committee of the Board of Directors of the Exchange. The NYSE will apply to the Securities and Exchange Commission to delist the securities upon completion of all applicable procedures, including any appeal by the company of the NYSE Regulation staff's decision," the exchange stated. Reference Link
|
HWBK | Hot Stocks16:27 EDT Hawthorn Bancshares names Martin Weishaar as its new Chief Legal Officer - Hawthorn Bank has named Martin Weishaar as its new Chief Legal Officer. Weishaar will oversee all legal affairs and provide guidance in other key areas to the leadership team and Board of Directors. "I am very pleased to announce the appointment of Martin as Chief Legal Officer and a member of our executive leadership team," said Brent Giles, Chief Executive Officer. "Martin's substantial and diverse experience in legal matters, technology, and operations will be a great asset to our organization."
|
GSL | Hot Stocks16:26 EDT Global Ship Lease teams with Bayes Business School on UK-MaRes Hub - Global Ship Lease announced its project partnership supporting Bayes Business School in leading the Digitization, Maritime Operations, and Finance aspects of the consortium's successful bid for the UK National Clean Maritime Research Hub . Alongside other project partners from across the energy and supply chain sectors, GSL will provide support for work to accelerate decarbonization, reduce emissions, and drive economic and societal benefits in the transition to a clean maritime future. Among a range of issues related to maritime decarbonization, the UK-MaRes Hub will pursue initiatives related to the scalability and safety of emerging marine fuels; alternative power and propulsion systems; port and vessel support systems; vessel design and efficiency; maritime operations and digitization; and economics, finance, and policy.Thomas Lister, Chief Commercial Officer and Head of ESG at Global Ship Lease, commented, "We are proud to participate in this pioneering research effort that brings together a range of experts from across government, academia, and industry in pursuit of solutions to the key technological, economic, and societal challenges of decarbonization. By bringing our real world technical and operating expertise, experience, and data to this effort in conjunction with Bayes Business School and the diverse group of project partners, we hope to add to growing momentum in the drive towards net zero emissions in shipping, and to ensure that GSL stays ahead of the curve on issues that are increasingly central to both our industry and the world at large."
|
FNVT | Hot Stocks16:23 EDT Finnovate Acquisition receives noncompliance notification from Nasdaq - Finnovate Acquisition received notice from Nasdaq indicating that, due to the delay in the filing of the company's quarterly report on Form 10-Q for the period ended June 30 with the Securities and Exchange Commission, Finnovate does not currently satisfy Nasdaq Listing Rule 5250, which requires the timely filing of all periodic reports with the SEC. The deficiency has no immediate effect on the listing or trading of the company's common stock on Nasdaq.
|
CPTN | Hot Stocks16:22 EDT Cepton to consolidate shares with 1-for-10 reverse stock split - Cepton announced has approved a 1-for-10 reverse stock split of its common stock, par value $0.00001 per share that is expected to become effective on Thursday, September 21, 2023 at 5:00 p.m. Eastern Time. The company's Common Stock is expected to begin trading on a split-adjusted basis on the Nasdaq Stock Market at the open of trading on September 22, 2023 under the existing symbol "CPTN" and new CUSIP number 15673X200. At Cepton's special meeting of stockholders on September 7, 2023, stockholders approved the proposal to authorize the Board to effect a reverse split at a ratio ranging from 1-for-5 to 1-for-20.
|
SXTP | Hot Stocks16:22 EDT 60 Degrees Pharmaceuticals withdraws ACLR8-LR IND application - 60 Degrees Pharmaceuticals announced that 60P Australia, a majority-owned subsidiary of 60P, has withdrawn its investigational new drug, or IND, application for ACLR8-LR, a Phase IIB study of the use of tafenoquine in treating COVID-19, and intends to submit a new IND in the fourth quarter. The company's decision to withdraw the IND is in response to recent comments from the FDA. 60P plans to submit a new IND to FDA within the current year, pending an assessment of whether it is feasible to revise the trial design to meet the agency's expectations while also allowing for confirmation of the acceleration in recovery from COVID-19 symptoms suggested by an earlier study. In the interim, pending additional interaction with FDA, 60P has paused further start-up activities for its Phase IIB trial, thereby decreasing the company's burn rate and improving its cash position in the short term. Should the outcome of further interactions with FDA be positive, and depending on market conditions, the company will make a decision regarding whether to continue its original strategy of self-funding its Phase IIB study or to seek a strategic partner to continue development. In parallel, as outlined in its registration statement and subsequent communications to the investment community, 60P plans to continue preparation of a Phase IIA study of tafenoquine in hospitalized babesiosis patients, with the goal of requesting a pre-IND meeting with FDA before the end of the calendar year. 60P plans to continue its commercialization efforts related to Arakoda, an antimalarial indicated for prophylaxis of malaria in patients 18 years and older and approved by FDA in 2018.
|
X | Hot Stocks16:21 EDT U.S. Steel up about 2% at $31.02 after above-consensus Q3 pre-announcement
|
ANAB | Hot Stocks16:18 EDT AnaptysBio announces John Orwin as chairman - AnaptysBio announced it has appointed John Orwin chairman of the AnaptysBio board of directors. "We are excited to welcome John to Anaptys' Board of Directors as chairman. With more than 25 years of diverse experience across the biopharmaceutical landscape, John brings a track record of substantial accomplishment across our sector as a biotech CEO and Board member. We welcome John's guidance and expertise in later-stage drug development, commercial planning and overall corporate strategy as we focus on broadly developing our differentiated immune cell modulators, including our two checkpoint agonists, in autoimmune and inflammatory diseases," said Daniel Faga, president and chief executive officer of AnaptysBio. "We thank Jamie for his many years of service to the Board and his partnership over the past year as we successfully refocused our strategy on diseases with clear biology supporting immune cell modulation, high unmet need and large commercial potential."
|
HSTO | Hot Stocks16:18 EDT Histogen to resume trading at 4:35 pm ET - Histogen is scheduled to resume trading at 4:35 pm ET, with quotation set to resume at 4:30 pm ET, according to Nasdaq. Shares were halted, pending news, ahead of Histogen having announced that its board, after "extensive consideration of potential strategic alternatives," has approved and adopted a plan of dissolution that would include the distribution of remaining cash to stockholders following an orderly wind down of the company's operations, including any proceeds from the potential sale of any pipeline assets.
|
KNTE | Hot Stocks16:16 EDT Kinnate Biopharma to reduce workforce by 70%, announces reprioritization plan - Kinnate Biopharma announced pipeline updates and a reprioritization plan, as well as a workforce restructuring, based on a strategic review of its business. The review encompassed various factors, including the company's cash runway, near-term pipeline value creation prospects, the evolving regulatory landscape for targeted therapies, commercial potential, development strategy, and other relevant considerations. As a result, the company is prioritizing the exarafenib combination, KIN-8741, and discovery efforts around its CDK4 selective program. Additionally, Kinnate will pause development of KIN-7136 and explore strategic alternatives for exarafenib monotherapy and KIN-3248, as part of the reprioritization plan. Concurrently, the company will implement a workforce restructuring to align with its refined focus. Kinnate will implement a corporate restructuring by reducing the company's workforce by approximately 70%. The company expects to have 28 remaining full-time employees. The company is also taking related measures to reduce operating expenses. This includes separating from all employees of its wholly-owned subsidiary in China, Kinnjiu Biopharma. As of June 30, Kinnate had approximately $204.3M in cash, cash equivalents and investments, which is anticipated to fund operations into at least the second quarter of 2026. Considering these results and the Company's assessment of clinical development timelines for Class II fusion-driven solid tumors, Kinnate will not proceed with further clinical development of exarafenib as a monotherapy agent and will explore strategic alternatives. Kinnate will explore strategic alternatives for the KIN-3248 program. Based on the reprioritization plan, the Company will not initiate a clinical trial for KIN-7136 at this time. Kinnate is exploring drug candidates for a potentially brain-penetrant, selective CDK4 inhibitor and expects to nominate a candidate in the fourth quarter of 2023.
|
HSTO | Hot Stocks16:16 EDT Histogen Board adopts Plan of Dissolution, including distribution of cash - Histogen announced that its Board of Directors, after extensive consideration of potential strategic alternatives, has approved and adopted a Plan of Dissolution that would include the distribution of remaining cash to stockholders following an orderly wind down of the company's operations, including any proceeds from the potential sale of any pipeline assets. In order to reduce costs and in connection with the Plan of Dissolution, the company has discontinued all clinical development programs and reduced its workforce, including the anticipated termination of most employees by the end of September. "The Board of Directors and management devoted substantial time and effort in identifying and pursuing various opportunities, but we were unable to complete a transaction that would allow us the potential to enhance stockholder value," stated Steven J. Mento, Ph.D., President and Chief Executive Officer of Histogen.
|
EQT | Hot Stocks16:16 EDT EQT Corporation announces tolling agreement with Commonwealth LNG - EQT Corporation announced it has entered into a Heads of Agreement for liquefaction services from Commonwealth LNG's facility in Cameron, Louisiana to produce 1 million tons per annum of LNG under a 15-year tolling agreement. Final terms remain subject to negotiation of a definitive agreement between the parties. Commonwealth anticipates a final investment decision on the project in the first quarter of 2024, with first cargo deliveries expected in 2027.
|
HE | Hot Stocks16:15 EDT Hawaiian Electric CFO Sekimura to retire September 30 - Hawaiian Electric Industries announced the following leadership plans at HEI and Hawaiian Electric Company, a subsidiary of HEI, effective October 1, 2023: Hawaiian Electric SVP, CFO & Treasurer Tayne Sekimura will retire on September 30, 2023, after 32 years of service. Sekimura's retirement plans were announced internally early this year. Hawaiian Electric is at an unprecedented point in its history in the wake of the August 8 tragedy on Maui. Hawaiian Electric had been progressing on naming a successor to Sekimura but these plans were upended by the August events. Consequently, Paul Ito, currently EVP, CFO & treasurer of HEI, will serve as SVP, CFO & treasurer of Hawaiian Electric until approximately December 31, 2024 to assist the utility during this critical period, ensure a seamless transition and provide additional time for the utility to appoint a successor to Sekimura. Ito will return to HEI and resume his original role immediately following his term at Hawaiian Electric. Scott DeGhetto has been appointed EVP, CFO & treasurer of HEI, effective October 1, 2023 through approximately December 31, 2024. DeGhetto joins HEI from Moelis & Company, bringing over 30 years of experience and significant expertise in the power, utility and renewable energy sectors. DeGhetto will remain at HEI in an advisory role from approximately January 1, 2025 until April 1, 2025 to provide for a transition around Ito's return.
|
ENS | Hot Stocks16:15 EDT EnerSys awarded $92M long-term contract with U.S. Navy - EnerSys has recently been selected to supply its proprietary Thin Plate Pure Lead batteries to the United States Navy as main storage batteries on all four classes of USN Nuclear Submarines. The contract has a maximum value of $91.8M over its multi-year duration.
|
XAIR | Hot Stocks16:13 EDT Beyond Air: New data supports development of nNOS inhibitors for ASD treatment - Beyond Air announced the publication of new data that support ongoing preclinical development of selective nNOS inhibitors for the treatment of Autism Spectrum Disorder, ASD. The Hebrew University of Jerusalem or HUJI, has previously published studies suggesting that NO is a pathologic factor in ASD. In previously published studies, 10-day daily injections of 7-nitroindazole, 7-NI,, a selective nNOS inhibitor, reversed the manifestations of ASD phenotype, and reversed nitrosative stress. These new data published by HUJI, available online at ScienceDirect provide additional evidence for the efficacy of selective nNOS inhibitors in the treatment of ASD. The novel extended-release gel formulation maintained the plasma level of 7-NI at ~45 microgram/ml/day for approximately 10 days. The researchers observed improved cognitive memory, social interaction and reduced anxiety-like behavior in Shank mutant mice. This was accompanied by a reduction in 3-nitrotyrosine levels . Steve Lisi, Chairman and Chief Executive Officer of Beyond Air, stated, "These new data from HUJI reinforce previously published efficacy data, and provide strong evidence to suggest a convenient dosing regimen for patients. We are pleased to have such a dedicated partner in HUJI and look forward to advancing this program as quickly as possible." The collaboration between Beyond Air and HUJI to develop selective nNOS inhibitors for the treatment of ASD is being conducted under a research and license agreement signed via Yissum, Research Development Company of the Hebrew University. "These novel data provide new evidence of the role of nitric oxide in autism. It further proves the efficacy of the nNOS inhibitors for ASD treatment. The novel sustained release strategy will open the door for the feasibility of such a treatment," stated Prof. Haitham Amal, B.Sc.Pharm, Ph.D., Assistant Professor at the School of Pharmacy, Faculty of Medicine at the Hebrew University. "We are eager to reach our ultimate goal of developing therapeutics for ASD."
|
ELUT | Hot Stocks16:13 EDT Elutia divests Orthobiologics business unit to Berkeley Biologics for $35M - Elutia announced the divestiture of the company's Orthobiologics business unit to Berkeley Biologics, a wholly owned subsidiary of GNI Group. Elutia will receive cash proceeds of up to $35M, comprised of an upfront payment at closing of $15M plus potential earnout payments of up to $20M over a five-year period. The transaction is expected to close in the fourth quarter of 2023. This transaction represents a pivotal milestone in Elutia's progress toward pioneering the drug-eluting biomatrix. The company continues to make progress towards gaining FDA clearance for CanGaroo RM, the company's drug-eluting product. Elutia is targeting the first half of 2024 for the launch of CanGaroo RM. The company's pipeline also includes an RM version of its SimpliDerm biomatrix for use in breast reconstruction procedures.
|
SNAP SONO | Hot Stocks16:11 EDT Sonos CEO Patrick Spence joins Snap board of directors - Snap (SNAP) announced that Patrick Spence, Chief Executive Officer and member of the board of directors of Sonos, Inc. (SONO), has been appointed to the company's board of directors, effective as of September 14, 2023.
|
ES AEP | Hot Stocks16:10 EDT Eversource Energy names Paul Chodak COO - Eversource Energy (ES) announced that Paul Chodak has been elected as Executive Vice President and Chief Operating Officer, effective November 13, 2023. Chodak has worked at American Electric Power (AEP) in Operations roles for 22 years. He has served as AEP's Executive Vice President of Generation since 2019 where he has been responsible for the safe and efficient operation and maintenance of AEP's regulated power plants, including wind, solar, and hydro facilities. Previously, he was the Executive Vice President of Utilities and led seven utility companies within AEP's footprint of 5 million customers in 11 states throughout the U.S. Midwest and Southern regions. Prior to that, he was the President and Chief Operating Officer for both Indiana Michigan and Southwestern Electric Power Companies and also held positions in engineering, environmental, project management and construction throughout his career with AEP. As Eversource Energy's Chief Operating Officer, Chodak will lead the electric transmission and distribution, gas, water, electric engineering and grid modernization, enterprise emergency preparedness, offshore wind project execution, operations services, and safety organizations. "We are pleased to have an experienced Operations executive join Eversource to ensure continued leadership of our commitment to the safe, reliable delivery of electricity, natural gas and water to our 4.4 million customers, and of our transition to a clean energy future in our region," said Joe Nolan, Eversource's Chairman, President and Chief Executive Officer. "Paul's extensive knowledge of our industry, breadth of experience within Operations, and strong leadership skills make him the ideal person to assume the company's top Operations role going forward."
|
SQ | Hot Stocks16:09 EDT Block says Square CEO Henry to depart, effective October 2 - In a regulatory filing, Block reported that Alyssa Henry, the Square Chief Executive Officer of Block, will depart the company effective October 2. "Ms. Henry has worked at Block for over nine years and provided significant contributions to the company during that time," the company stated. Jack Dorsey, the company's Block Head and Chairperson, will also serve as the Square Head, the filing noted.
|
SPRU | Hot Stocks16:06 EDT Spruce Power announces relocation of corporate headquarters in Denver, Colorado - Spruce Power Holding Corporation announced the relocation of its Denver headquarters to the Colorado Center, a premier location in southeast Denver. Spruce's new Denver headquarters expands the Company's footprint in a key renewable energy market, allowing access to a dynamic ecosystem of collaboration, partnerships, and top industry talent. While expected to house a diverse array of roles, the new headquarters prominently features Spruce's corporate development efforts, providing its growing team a central hub to collaborate on the Company's growth strategy. The relocation reinforces Spruce's commitment to the Denver market and Colorado's Front Range, where the Company plans to expand its number of high-quality jobs to 20 by the end of 2024. Christian Fong, CEO of Spruce, commented, "As the Spruce team reflects over the past year, we're proud of the tremendous growth we've achieved since transitioning to a pure play on distributed solar energy in September of 2022. We are pleased this growth has afforded our Company the opportunity to relocate our Denver corporate headquarters to a premier location that both accommodates current and future office space needs and continues to centrally serve our customers across the United States. I'm proud of the Company's commitment to job creation in the Mile High City."
|
ZEV | Hot Stocks16:06 EDT Lightning eMotors trading halted, news pending
|
ADC | Hot Stocks16:06 EDT Agree Realty names Nicole Witteveen as COO - Agree Realty is pleased to announce that effective September 18, Nicole Witteveen has been promoted to COO of the company. Concurrent with Witteveen's appointment, Craig Erlich has been named Chief Growth Officer. Additionally, Edward Eickhoff has joined the company as Executive Vice President, Asset Management.
|
INDI | Hot Stocks16:06 EDT Indie Semiconductor acquires Exalos AG for $45M - indie Semiconductor announced it has entered into a definitive agreement and completed the acquisition of privately held EXALOS AG, a Swiss photonics company, specializing in the design of high-performance optical semiconductors. Subject to the terms and conditions of the definitive agreement, indie paid approximately $45 million to EXALOS equity holders comprised of 6.6 million indie Class A common shares. In addition, if certain revenue-based performance targets are exceeded over a 24-month post-closing period, there is an opportunity for such holders to earn up to $20 million more in cash or indie Class A common shares, at indie's election. The transaction has been approved by the boards of directors of both indie and EXALOS. The acquisition is expected to be financially neutral in 2023 and accretive to indie's 2024 results.
|
ULTA | Hot Stocks16:05 EDT Ulta Beauty names COO Steelman president - Ulta Beauty announced that Kecia L. Steelman, chief operating officer, has been named President and Chief Operating Officer of Ulta Beauty. "Kecia is a talented executive with a proven track record of driving operational excellence while fostering a caring and inclusive culture and creating exceptional guest experiences," said Dave Kimbell, chief executive officer. "Over the last year, Kecia has increased her scope and influence within our organization, and this expanded role recognizes her value to the company and her many contributions to our success, while also demonstrating our ongoing confidence in her leadership to help us drive profitable growth for the Company over the coming years."
|
KNTE | Hot Stocks16:05 EDT Kinnate Biopharma trading halted, news pending
|
PEGY | Hot Stocks16:04 EDT Pineapple Energy announces payment to CVR holders of $1.25 per CVR - Pursuant to the merger of Communications Systems and Pineapple Energy which was completed on March 28, 2022, CSI shareholders of record at the close of business on March 25 eceived one contractual, non-transferable contingent value right, CVR per share of CSI common stock. Each CVR represents the right to receive a pro rata portion of proceeds available from the disposition of CSI's premerger assets during the 24-month period following the effective time of the merger...Pineapple announced it will make a further payment of proceeds from CSI's premerger assets of $1.25 per CVR. This payment of $1.25 per CVR is not a taxable event. Please refer to Pineapple's IRS Form 8937 posted at https://ir.pineappleenergy.com/financial-information/cvr and Pineapple's March 29 3 Form 8-K Report providing "Important Information for Holders of Contingent Value Rights"...
|
HSTO | Hot Stocks16:01 EDT Histogen trading halted, news pending
|
SAN | Hot Stocks15:07 EDT Banco Santander planning major overhaul of reporting structure - Banco Santander is consolidating its retail and commercial and consumer activities across all markets under two new global businesses: Retail & Commercial and Digital Consumer Bank. The changes, the company said, align these businesses with Santander's current, global model in Corporate & Investment Banking, Wealth Management & Insurance and Payments, helping the bank achieve the strategic goals outline at its Investment return on tangible equity to 15%-17%, and achieving double-digit average annual growth in tangible net asset value per share plus dividend per share through the cycle. The group plans to align the way it reports its financial results to this new model from January 2024, as it becomes implemented, with the five global businesses becoming the new primary segments for the group. The group's financial targets outlined in February remain unchanged.
|
CFFE | Hot Stocks14:50 EDT CF Acquisition Corp VIII trading resumes
|
CFFE | Hot Stocks14:40 EDT CF Acquisition Corp VIII trading halted, volatility trading pause
|
DTOC | Hot Stocks14:31 EDT Digital Transformation Opportunites Corp trading resumes
|
DTOC | Hot Stocks14:03 EDT Digital Transformation Opportunites Corp trading halted, volatility trading pause
|
XOM... | Hot Stocks13:38 EDT California AG announces lawsuit against oil, gas companies - Joined by California Governor Newsom, California Attorney General Rob Bonta announced over the weekend the filing of a lawsuit against five of the largest oil and gas companies in the world - Exxon Mobil (XOM), Shell (SHEL), Chevron (CVX), ConocoPhillips (COP), and BP (BP) - and the American Petroleum Institute for allegedly engaging in a decades-long campaign of deception and creating statewide climate change-related harms in California. Filed in San Francisco County Superior Court, the complaint asserts that "although the companies have known since at least the 1960s that the burning of fossil fuels would warm the planet and change our climate, they denied or downplayed climate change in public statements and marketing." As detailed in the complaint, "California has spent tens of billions of dollars to adapt to climate change and address the damages climate change has caused so far, and the state will need to spend multiples of that in the years to come." Attorney General Bonta, "on behalf of the people of California, is seeking nuisance abatement through the creation of a fund to finance climate mitigation and adaptation efforts; injunctive relief to both protect California's natural resources from pollution, impairment, and destruction as well as to prevent the companies from making any further false or misleading statements about the contribution of fossil fuel combustion to climate change; damages; and penalties." Reference Link
|
RMAX | Hot Stocks13:31 EDT Re/Max Holdings see recording $55M pre-tax charge for settlement in quarter - In a regulatory filing earlier, Re/Max Holdings disclosed that on September 15, a subsidiary of the company entered into a settlement term sheet to resolve the pending litigation in class action lawsuits brought (i) by Scott and Rhonda Burnett et al. in "United States District Court for the Western District of Missouri Case No. 4:19-cv-00332-SRB" and (ii) by Christopher Moehrl et al. in "United States District Court for the Northern District of Illinois Case No. 1:19-cv-01610-ARW". The company reports a $55.0M pre-tax charge for the settlement amount that the company expects to record during the quarter ending September 30. The settlement amount is expected to be excluded from the company's calculation of Adjusted EBITDA for the quarter ended September 30. "Apart from payment of the settlement amount, the company does not expect the terms of the proposed settlement to have a material impact on its results of operations and cash flows," the filing stated.
|
ORI | Hot Stocks13:02 EDT Old Republic announces formation of new accident & health company - Old Republic International Corporation announced that it is forming a new underwriting subsidiary to provide Accident & Health insurance products. The new company, Old Republic Accident & Health, Inc., will focus on providing specialized coverages such as employers stop loss and will be led by Gary Nidds as President, the company said in a statement. Craig R. Smiddy, ORI's President and CEO, noted that, "Old Republic Accident & Health will expand our risk expertise and appetite into a new segment that aligns with our specialized approach and focus on underwriting excellence."
|
M | Hot Stocks12:01 EDT Macy's to hire over 38,000 seasonal positions - Macy's announced plans to hire for more than 38,000 full- and part-time seasonal positions this upcoming holiday season at its Macy's, Bloomingdale's and Bluemercury stores, as well as its distribution centers. This year's number of seasonal positions at Macy's, Inc. are consistent with open positions in 2022. Macy's, Inc. offers several convenient hiring experiences for candidates including an online application procedure that takes as little as five minutes, with most job offers made within 48 hours. Additionally, the company is holding two nationwide in-person holiday hiring events at all stores and supply chain locations on Thursday, September 21, and Thursday, October 19 from 11 a.m. - 6 p.m.
|
MNSO | Hot Stocks12:00 EDT Miniso falls -7.0% - Miniso is down -7.0%, or -$1.98 to $26.17.
|
W | Hot Stocks12:00 EDT Wayfair falls -8.0% - Wayfair is down -8.0%, or -$5.64 to $65.36.
|
U | Hot Stocks12:00 EDT Unity falls -7.9% - Unity is down -7.9%, or -$2.88 to $33.44.
|
BAK | Hot Stocks12:00 EDT Braskem rises 7.0% - Braskem is up 7.0%, or 63c to $9.66.
|
KN | Hot Stocks12:00 EDT Knowles rises 7.3% - Knowles is up 7.3%, or $1.04 to $15.29.
|
AMPX | Hot Stocks12:00 EDT Amprius Technologies rises 23.0% - Amprius Technologies is up 23.0%, or 91c to $4.86.
|
GD | Hot Stocks11:32 EDT GDIT says 'swept' initial task orders on $4.5B Air Force Security Support pact - General Dynamics Information Technology, or GDIT, a business unit of General Dynamics, announced that it "swept all initial task orders" on the $4.5B Department of the Air Force Security Support Services indefinite-delivery/indefinite quantity contract. "The value of these task orders cannot be disclosed due to program sensitivities. The multiple-award, indefinite-delivery-indefinite quantity contract, initially awarded in February 2021, includes a five-year base period and a five-year option. Following multiple protests by a competitor, the Air Force notified GDIT in August 2023 that all protests were resolved. Under the contract, which is expected to start on Nov. 15, GDIT will implement comprehensive security services including information, personnel and communications security as well as counterintelligence analysis and cybersecurity assessments," the company stated.
|
TSLA | Hot Stocks11:22 EDT Tesla CEO calls WSJ article on Saudi Arabia 'utterly false' - Elon Musk, the CEO of Tesla, tweeted: "Yet another utterly false article from WSJ" along with a screen capture of a headline from The Wall Street Journal that reads "Tesla, Saudi Arabia in Early Talks for EV Factory". Reference Link
|
IVPAF | Hot Stocks11:13 EDT Ivanhoe Mines reports fatality at Kamoa-Kakula copper complex - Ivanhoe Mines regrets to report that a fatal accident has occurred at the Kamoa-Kakula Copper Complex in the Democratic Republic of Congo. "A fatal accident occurred underground at the Kakula mine when Mr. Mick Ilunga, a contractor drill rig operator, was struck by a fall of ground. A second contractor drill rig operator is receiving medical treatment for non-life-threatening injuries. Kamoa Copper is undertaking a comprehensive internal investigation into the accident and is working with the DRC authorities to facilitate their investigation of the accident. Once the investigations are complete, management will review and implement any additional safety measures recommended to prevent such an accident from recurring. On behalf of the Kamoa Copper Joint Venture, Ivanhoe Mines extends its deepest condolences to the grieving family and friends of Mr. Ilunga. Mining activities at the Kakula underground mine have temporarily ceased. The Phase 1 and 2 concentrators continue to operate, drawing from surface ore stockpiles," the company stated.
|
AVID | Hot Stocks10:33 EDT ITV Studios' arm extends partnership with Avid - ITV Studios, the production and distribution arm of ITV, signed a new subscription deal with Avid to standardize its media storage and ways of working across its international studios in Europe and Australia. The new agreement will provide ITV Studios' international labels with subscriptions to the latest Avid NEXIS F-Series storage engines, and Media Composer video editing with Avid NEXIS EDG, allowing editors and production teams to work and collaborate from anywhere, and streamline workflows throughout their post-production facilities.
|
TROW | Hot Stocks10:32 EDT T. Rowe Price names Ramon Richards as Chief Technology Officer - T. Rowe Price announced Ramon Richards as its new Chief Technology Officer. Ramon joined the firm on September 5, and as CTO, he leads technology business solutions, technology services, and enterprise architecture functions. Richards most recently served as chief information officer at Fannie Mae, the company noted. "Ramon Richards is a seasoned technology executive who is recognized for transformation, modernization, and leading a complex technology organization. He is the ideal leader to guide our technology teams and strategy to enhance our ability to deliver reliable, user-friendly solutions that drive business results," said Kimberly Johnson, Chief Operating Officer at T. Rowe Price.
|
TXT | Hot Stocks10:31 EDT Textron Aviation expands Interior Manufacturing Facility to support demand - Textron Aviation announced the company is adding 16,000 square feet to its Interior Manufacturing Facility to support growing demand for unique and custom Cessna and Beechcraft aircraft interiors. The expansion enables Textron Aviation to streamline production processes by centralizing machinery within the space to support efficient interior manufacturing for its entire lineup of Cessna Citation jets, as well as Beechcraft King Air and Cessna SkyCourier turboprop aircraft.
|
MSFT | Hot Stocks10:28 EDT Panos Panay confirms leaving Microsoft - Panos Panay, EVP and Chief Product Officer at Microsoft, tweeted: "After 19 incredible years at Microsoft, I've decided to turn the page and write the next chapter. I'm forever grateful for my time at Microsoft and the amazing people I had the honor to make products with." Reference Link
|
MSFT | Hot Stocks10:25 EDT Microsoft chief product officer leading Windows leaving, The Verge says - Panos Panay, the chief product officer at Microsoft leading Windows development and the company's Surface line, is leaving the company, reported The Verge, citing an announcement on Monday that told Microsoft employees "Panos Panay has decided to leave Microsoft" after nearly 20 years at the company. Microsoft's consumer marketing head, Yusuf Mehdi, will take over leading the Windows and Surface businesses, Emma Roth of The Verge noted. Reference Link
|
XOMA | Hot Stocks10:17 EDT XOMA trading resumes
|
XOMA | Hot Stocks10:14 EDT XOMA trading halted, volatility trading pause
|
CVV | Hot Stocks10:12 EDT CVD Equipment trading resumes
|
CVV | Hot Stocks10:09 EDT CVD Equipment trading halted, volatility trading pause
|
SKYE | Hot Stocks10:08 EDT Correction: Skye Bioscience did not sign MOU with Prime Minister of Serbia - A headline that previously stated on September 8 that Skye Bioscience had signed an MOU with the Prime Minister of the Republic of Serbia was issued in error. SK bioscience had announced that Ana Brnabi, Prime Minister of the Republic of Serbia has visited the SK bioscience headquarters and signed a memorandum of understanding with the company to establish a strategic partnership in vaccine development and manufacturing.
|
TLRY | Hot Stocks10:04 EDT Tilray down 4% to $2.80 after Kerrisdale Capital issues short report
|
SCX | Hot Stocks10:00 EDT L.S. Starrett Co falls -7.4% - L.S. Starrett Co is down -7.4%, or -84c to $10.50.
|
MNSO | Hot Stocks10:00 EDT Miniso falls -7.7% - Miniso is down -7.7%, or -$2.17 to $25.98.
|
U | Hot Stocks10:00 EDT Unity falls -9.0% - Unity is down -9.0%, or -$3.26 to $33.06.
|
ESAB | Hot Stocks10:00 EDT ESAB rises 5.3% - ESAB is up 5.3%, or $3.60 to $71.90.
|
ZIM | Hot Stocks10:00 EDT ZIM Integrated rises 5.6% - ZIM Integrated is up 5.6%, or 62c to $11.62.
|
MDV | Hot Stocks10:00 EDT Modiv rises 6.8% - Modiv is up 6.8%, or 94c to $14.74.
|
HYLN CMI | Hot Stocks10:00 EDT Hyliion Holdings, Cummins obtain Dual Executive Order from CARB - Hyliion Holdings (HYLN) and Cummins Inc. (CMI) announced the two companies together have successfully obtained the Dual Executive Order from the California Air Resources Board, or CARB, for the Hypertruck ERX powertrain paired with the Cummins ISX12N engine.
|
NEPT | Hot Stocks09:57 EDT Neptune Technologies trading resumes
|
SQL | Hot Stocks09:54 EDT SeqLL Inc trading resumes
|
SQL | Hot Stocks09:47 EDT SeqLL Inc trading halted, volatility trading pause
|
NEPT MS | Hot Stocks09:47 EDT Neptune Wellness intends to spinout Sprout Organics - Neptune Wellness Solutions (NEPT) announced that after careful consideration and evaluation of potential strategic alternatives to enhance the Company's value, the Board of Directors has approved a plan to proceed with a spinout to Neptune shareholders of a majority of its equity interest in Sprout Organics, an organic baby food and toddler brand. Upon completion of the spinout, which would follow the previously announced exchange by Neptune of existing Sprout debt for Sprout equity, pursuant to the term sheet entered into with Morgan Stanley (MS) as previously announced on August 17, 2023, it is anticipated that Neptune would spinout a majority of its equity interest in Sprout to current Neptune shareholders, and Neptune would keep a retained interest of approximately 10-15%. The Company believes there are many benefits in proceeding with the contemplated spinout transaction, including reducing Neptune's operating costs and cash requirements and generally reducing Neptune's debt exposure, such that Neptune's overall financial position and cash flows would be improved. Neptune will provide updates when further details of the proposed spinout transaction are determined. Neptune continues to evaluate additional available strategic options for the Company to unlock and maximize shareholder value, including strategic business and financial alternatives, which may include, but is not limited to, the monetization of assets, strategic partnerships, etc. The completion of the proposed spinout transaction and contemplated distribution of Sprout shares to Neptune shareholders are subject to a number of conditions, including the completion of legal and tax structuring analyses, completion of financial analysis, determination of the structure of Sprout, determination of final details of the transaction, settlement of the board and management team for Sprout, required regulatory approvals, any required shareholder approval, Neptune's compliance with its debt agreements, and the listing of the Sprout shares on a stock exchange. There is no certainty that the foregoing conditions will be satisfied or that the spinout transaction will be completed on the terms proposed or at all. The Board of Neptune may determine to not proceed with the transaction should there be a change in market conditions or investor interest or should another opportunity arise that would be deemed to better enhance value to Neptune stakeholders.
|
SCX | Hot Stocks09:47 EDT L.S. Starrett Co falls -5.5% - L.S. Starrett Co is down -5.5%, or -62c to $10.71.
|
OPAD | Hot Stocks09:47 EDT Offerpad Solutions falls -6.1% - Offerpad Solutions is down -6.1%, or -63c to $9.77.
|
MSGE | Hot Stocks09:47 EDT MSG Entertainment falls -7.1% - MSG Entertainment is down -7.1%, or -$2.31 to $30.44.
|
EBS | Hot Stocks09:47 EDT Emergent BioSolutions rises 4.5% - Emergent BioSolutions is up 4.5%, or 18c to $4.15.
|
ZIM | Hot Stocks09:47 EDT ZIM Integrated rises 4.8% - ZIM Integrated is up 4.8%, or 53c to $11.53.
|
GHG | Hot Stocks09:47 EDT GreenTree Hospitality rises 5.5% - GreenTree Hospitality is up 5.5%, or 23c to $4.45.
|
HLT TAP | Hot Stocks09:45 EDT Hilton announces Anne-Marie D'Angelo as EVP, general counsel - Hilton (HLT) has named Anne-Marie D'Angelo as executive vice president and general counsel, effective Sept. 15, 2023. She most recently served as chief legal and government affairs officer at Molson Coors Beverage Company (TAP) and has held General Counsel and leadership roles at several public companies. D'Angelo reports to Christopher J. Nassetta, president and CEO of Hilton, and serves as a member of the executive committee.
|
NEPT | Hot Stocks09:44 EDT Neptune Technologies trading halted, volatility trading pause
|
QSG | Hot Stocks09:40 EDT QuantaSing Group to acquire Kelly's Education, terms not stated - The company states: "QuantaSing Group announced its acquisition of Kelly's Education, an online language education platform headquartered in Hong Kong. This transaction marks QuantaSing's entry into the global online education market and the language learning sector. Following completion of the transaction, Kelly's Education will become a wholly-owned subsidiary of the Company. QuantaSing, known for its innovative online platforms like QiNiu for financial literacy, JiangZhen for lifelong learning, and QianChi for senior citizens' interests, serves an extensive range of learning needs, empowering individuals to consistently enhance their self-value. Kelly's Education provides personalized online language education for children aged 3-15, primarily in Hong Kong. The acquisition allows QuantaSing to tap into the global online learning and new language education sectors."
|
PRTK | Hot Stocks09:40 EDT Paratek announces stockholder approval of acquisition by Gurnet, Novo - Paratek Pharmaceuticals announced, based on a preliminary vote count, that stockholders have approved the merger agreement proposal at Paratek's special meeting of stockholders, in connection with the previously announced definitive agreement to be acquired by Gurnet Point Capital and Novo Holdings A/S. Final voting results for the special meeting will be disclosed on Form 8-K filed by Paratek with the U.S. Securities and Exchange Commission.
|
KN | Hot Stocks09:39 EDT Knowles exploring strategic alternatives for consumer MEMS microphones business - Knowles also announced that it is reviewing strategic alternatives for its CMM business. CMM designs and manufactures micro-electro-mechanical systems microphones that enable voice control communication and superior audio recording for customers across the ear, compute, internet of things and smartphone market segments. The Company has engaged Jefferies LLC to assist in the CMM strategic review. No assurance can be given that any transaction or other strategic outcomes will result from the review. The Company has not set a timetable for the conclusion of the strategic review and does not intend to comment on or provide updates regarding these matters unless and until it determines that further disclosure is appropriate or required.
|
KN | Hot Stocks09:38 EDT Knowles to acquire Cornell Dubilier for $263M - Knowles "announced strategic actions to accelerate its transformation to an industrial technology company focused on higher growth and higher value opportunities. The Company has entered into a definitive agreement to acquire Cornell Dubilier in an all-cash transaction. In parallel, Knowles announced that it is evaluating strategic alternatives for its Consumer MEMS Microphones business. Cornell Dubilier, based in Liberty, South Carolina, is a technology leader and manufacturer of high-quality film, electrolytic and mica capacitors used in demanding medtech, military, aerospace, and industrial electrification applications with an annualized revenue of more than $135 million and over 35 thousand customers. The total cost of the acquisition is $263 million and consists of a $140 million cash payment at closing and an interest-free seller note of $123 million, with $50 million maturing one year from closing and the remaining $73 million maturing two years from closing. The total fair value of the consideration transferred is estimated at $250 million and represents 9.6x Cornell Dubilier's trailing-twelve-month adjusted EBITDA inclusive of run-rate cost synergies. Knowles expects to finance the acquisition with a combination of cash on hand, borrowings from its existing revolving credit facility, and the seller note. The acquisition is expected to close in the fourth quarter of calendar year 2023, subject to regulatory approvals and other customary closing conditions."
|
ADES | Hot Stocks09:37 EDT Advanced Emissions names Jeremy 'Deke' Williamson as COO - Advanced Emissions Solutions announced that Jeremy "Deke" Williamson has been appointed as COO, effective September 18. Williamson is the former Senior Vice President of Production and Distribution Operations at Hi-Crush, a fully integrated provider of proppant and logistics services for hydraulic fracturing operations.
|
VLCN | Hot Stocks09:37 EDT Volcon implements cost reduction strategies ahead of Stag introduction - Volcon announced on September 14, 2023 that it has agreed with its convertible noteholders to modify the terms of its convertible notes and implemented cost reduction strategies to provide the Company greater flexibility as it pushes toward the introduction of the first of its UTV models, the Stag, which the Company expects to begin delivering in October 2023. The Company entered into a note amendment with its convertible noteholders pursuant to which the lenders agreed to, among other changes, extend the maturity of the outstanding convertible notes from February 24, 2024 to January 31, 2025 and modify certain covenants to allow the Company to execute its business strategy as it works toward the launch of the Stag. The amendment is subject to completion of a security agreement establishing a security interest in the assets of the Company for the benefit of the noteholders. The Company recently implemented further cost reduction initiatives and is continuing to evaluate its cost structure to identify incremental savings. In addition, the Company has reduced cash expenses by agreeing to eliminate cash bonuses payable to the Company's officers in favor of stock awards and the Chief Executive Officer, Chief Financial Officer and Chief Operating Officer have voluntarily agreed to reduce their salaries by 10%. The Company's board of directors has also agreed that all future quarterly board cash fees will be payable in the form of stock awards as well. On September 13, 2023, the Company announced additional trim packages and pricing for the Stag. The initial response by existing reservation holders who made deposits and viewed new trim level selections has been positive. The Company continues to follow up with all pre-order reservation holders to make sure they are aware of the trim package options and answer any questions they may have. The Company also realized new customer preorders which further supports the Stag product line and the future of EV in powersports. The Company has two consumer lending firms providing financing to consumers, Synchrony Bank and Octane Roadrunner Financial, which can be found on Volcon.com or by contacting Volcon dealers for more information. In addition, the Company's sales team is connecting with dealers and distributors to place pre-orders. The overwhelming majority of dealers are committed to selling Volcon products and are excited that the Stag is finally coming to market. The Company is also working with a finance company to obtain a facility that will allow the Company to place Stags with dealers for small cash outlays allowing the Company to generate cash to reinvest in additional dealer placements. This facility will allow dealers to finance their Stag purchases.
|
KA | Hot Stocks09:34 EDT Kineta enters research agreement with Fred Hutchinson Cancer Center - Kineta entered a research agreement with Fred Hutchinson Cancer Center to evaluate VISTA expression as a potential biomarker in cancer patients from Kineta's ongoing Phase 1/2 clinical trial evaluating KVA12123, the company's VISTA blocking immunotherapy, alone and in combination with pembrolizumab. The primary objective is to evaluate VISTA as a biomarker to guide patient selection and treatment optimization for VISTA-targeted therapies where no standardized scoring method currently exists. Similar to standards established for PD-L1 immune checkpoint, there is a need to quantify VISTA expression in the tumor microenvironment to properly guide patient selection. KVA12123 is a fully human engineered IgG1 monoclonal antibody that was designed to bind to VISTA through a unique epitope at both physiologic and acidic pH levels. KVA12123 may be an effective immunotherapy for many types of cancer including NSCLC, colorectal, renal cell carcinoma, head and neck, and ovarian. Initial clinical data from Kineta's ongoing Phase 1/2 study of KVA12123 in advanced solid tumors is anticipated by end of 2023.
|
CRKN | Hot Stocks09:32 EDT Crown Electrokinetics executes master services agreement with new customer - Crown Electrokinetics announced it has executed a Mater Services Agreement with one of the largest contractors in the United States. Crown's new customer has significant operations in Arizona as well as 19 other states. Crown expects to commence the first two projects in Arizona in October through the deployment of traditional drilling, along with its newly acquired micro trenching equipment. Total revenue potential of the first two projects is expected to be up to $70 million.
|
BLNK | Hot Stocks09:30 EDT Blink Charging appoints Mike Battaglia as COO, Jim Nemec as CRO - Blink Charging announced the Blink Board of Directors has approved changes made to Blink's executive leadership team with the appointment of Michael Battaglia, formerly Chief Revenue Officer, as Chief Operations Officer; Jim Nemec, formerly VP Sales and Business Development as Chief Revenue Officer; and Siddhartha Kodgi,(formerly Sr. Director Operations as Vice President of Operations. The Company also announced the departure of Mark Pastrone from his role as Chief Operations Officer.
|
STLD | Hot Stocks09:29 EDT Steel Dynamics down 3% at $95.70 after negative Q3 pre-announcement
|
NWL IEP | Hot Stocks09:28 EDT Newell Brands says Icahn Group terminated director and nomination pact - In a regulatory filing, Newell Brands (NWL) disclosed that on September 15, Carl C. Icahn, including entities controlled by Carl C. Icahn and his associates and related affiliate entities, collectively, the "Icahn Group," notified Newell Brands that the Director Appointment and Nomination Agreement, dated as of March 18, 2018 between the Icahn Group and the company, is terminated in all respects. The company accepted and agreed to such termination. Effective September 15, Gaoxiang "Gary" Hu and David Willetts resigned from the board of directors of the company. "Their resignations were not due to any disagreement with the company," Newell stated in its filing.
|
DASH | Hot Stocks09:19 EDT DoorDash expands partnership with ALDI to offer 'responsible' alcohol delivery - DoorDash expanded their partnership, announcing that consumers can now order on-demand alcohol delivery from more than 1,200 ALDI locations across 21 states on DoorDash. With the addition of ALDI, one of America's fastest-growing retailers, nearly 80% of DoorDash consumers can now access alcohol through safe, age-verified delivery. DoorDash Expands Partnership with ALDI to Offer Responsible Alcohol Delivery (Photo: Business Wire)"In addition to giving merchants a new way to reach customers, on-demand alcohol delivery helps partners grow their business. On DoorDash, adding alcohol may increase grocers' average order value by up to 30%. Order values for U.S. convenience orders were on average over 50% higher when alcohol was added," said Fuad Hannon, Vice President of New Verticals at DoorDash. "We've worked hard to build a trusted alcohol ordering and delivery experience. The expansion of our partnership with ALDI reinforces our commitment to provide growth opportunities for local merchants, while simultaneously providing a safe, high-quality experience for customers."
|
LYFT | Hot Stocks09:18 EDT Lyft pays $10M civil penalty to SEC after stock sale charges - The Securities and Exchange Commission charged Lyft for failing to disclose a company board director's role in a shareholder's sale of approximately $424M worth of private shares of Lyft's stock prior to the company's initial public offering. According to the SEC's order, prior to Lyft's IPO in March 2019, a Lyft board director arranged for a shareholder to sell its shares to a special purpose vehicle set up by an investment adviser affiliated with the same director. Lyft failed to disclose this information regarding the sale in its Form 10-K for 2019, says the agency. The SEC's order finds that the director left the board at the time of the transaction. Without admitting or denying the SEC's findings, Lyft agreed to a cease-and-desist order and to pay a $10M civil penalty.
|
DASH | Hot Stocks09:17 EDT DoorDash broadens grocery selection with multiple new partners - DoorDash announced multiple new grocery partners, continuing its swift acceleration in the category. From the largest national grocery partners to beloved local favorites and specialty shops, DoorDash creates more opportunities for retailers of all sizes to reach consumers online. "We've made significant progress in investing in long-term partnerships with grocers of all sizes, all while remaining focused on improving quality and execution. The grocers announced today recognize DoorDash as a source of incremental growth, accelerating what we believe to be the fastest-growing platform for grocery in North America," said Fuad Hannon, Vice President of New Verticals at DoorDash. "We strive to be the rising tide that lifts all boats - driving growth for retailers while helping consumers stock up on groceries whenever and however is best for them." Today, DoorDash is excited to announce new grocery partners available on the DoorDash Marketplace, including CUB, Eataly, El Super, Fiesta Mart, Lowe's Markets, Pruett's Food, Stater Bros. Markets, and Strack & Van Til. CUB - With the addition of CUB to the DoorDash Marketplace, consumers can get on-demand delivery from 79 grocery locations throughout Minnesota from fresh produce to a full selection of meat and seafood, deli and bakery favorites, pet food, gift cards, flowers and a full pharmacy. Also added to the platform are 31 Cub Wine & Spirits and Cub Liquor locations which offer a wide selection of spirits, wine, beer, seltzers and ready to drink cocktails. Eataly - Founded in 2007, Eataly is the world's largest Italian retail and dining experience. Dedicated to providing the highest quality Italian food across the globe, the company's innovative "eat, shop & learn" model gives guests the opportunity to explore restaurants, cafes, and over 10,000 artisan-made products under one roof. With the ability to now order on-demand grocery delivery from seven Eataly stores, including New York City, Boston, Chicago, Dallas, Los Angeles, and Silicon Valley locations, consumers can create an authentic Italian meal at home. El Super - Customers can now take advantage of on-demand grocery delivery from 65 locations across California, New Mexico, Nevada, Arizona and Texas. El Super combines quality and value with a vast selection of grocery products from Latin America as well as household essentials. Fiesta Mart - In Texas, shoppers can now order from 59 Fiesta Mart store locations in Houston, Dallas and Austin. Known for its variety of international products, Fiesta Mart focuses on offering extensive perishable departments all at the lowest possible prices.
|
SAVA | Hot Stocks09:16 EDT Cassava Sciences announces interim safety review of simufilam - Cassava Sciences announced am interim safety review of simufilam in on-going Phase 3 clinical trials in patients with Alzheimer's disease. A routine, scheduled meeting of a Data and Safety Monitoring Board recommended that both of Cassava Sciences' Phase 3 studies of simufilam continue as planned, without modification. The DSMB is composed of independent clinical research experts who periodically review interim patient safety data for Cassava Sciences' on-going Phase 3 trials of simufilam in Alzheimer's disease. This DSMB only reviews patient safety. It does not assess drug efficacy. The next routine meeting of the DSMB is scheduled for March 2024.
|
LTRN | Hot Stocks09:10 EDT Lantern Pharma announces FDA clearance of LP-284 IND application - Lantern Pharma announced that the FDA has cleared the investigational new drug, or IND, application for LP-284. LP-284 is being developed for the treatment of relapsed or refractory non-Hodgkin's lymphoma, including mantle cell lymphoma and double hit lymphoma and other high-grade B-cell lymphomas. Lantern expects to commence enrollment of patients for the first-in-human Phase 1 trial for LP-284 during the fourth quarter of 2023.
|
GODN | Hot Stocks09:10 EDT Golden Star Acquisition Corp trading resumes
|
SYTA | Hot Stocks09:09 EDT Siyata Mobile announces follow-on order from waste management provider - Siyata Mobile has received a follow-on order from an existing customer for additional units of its SD7 handsets and VK7 vehicle kits. A large North American waste management company placed an initial order for the Company's SD7 handsets and VK7 vehicle kits earlier this year. The Company delivered those devices in the third quarter, and subsequently, the waste management company placed a follow-on order for additional units. The Company expects to deliver the follow-on order in the third quarter of 2023.
|
BTC... | Hot Stocks09:09 EDT Crypto names rally in pre-market as bitcoin jumps over 3% to two-week highs - Stocks levered to bitcoin prices are trading higher with the cryptocurrency rising above $27,400 - its higher level since August 31st. In pre-market trading, Bit Digital (BTBT) is up 6.6% at $2.43 per share, Riot Blockchain (RIOT) is up 5.5% at $11.35, Marathon Digital (MARA) is up 6.2% at $10.38, MicroStrategy (MSTR) is up 3.1% at $351.24 and Coinbase Global (COIN) is up 2.3% at $84.00.
|
NTRA | Hot Stocks09:08 EDT Natera promotes John Fesko to chief business officer - Natera announced three appointments within its senior leadership team, effective immediately. John Fesko has been promoted to president and chief business officer, with oversight of reimbursement strategy and market access, patient operations and experience, marketing and communications, government affairs, business and market development, pharmaceutical services, and international commercial operations and strategy. Solomon Moshkevich, president of clinical diagnostics, joined Natera in 2011.
|
AMD | Hot Stocks09:07 EDT AMD announces availability of AMD EPYC 8004 Series processors - AMD announced availability of the new AMD EPYC 8004 Series processors, completing the 4th Gen AMD EPYC CPU family of workload-optimized processors. These new processors bring the "Zen 4c" core into a purpose-built CPU, enabling hardware providers to create energy efficient and differentiated platforms that can power applications from the intelligent edge, such as retail, manufacturing and telco, all the way to the data center for cloud services, storage and others.
|
AVPT | Hot Stocks09:06 EDT AvePoint announces anchor investment by 65 Equity Partners - AvePoint announced a definitive agreement has been entered into for an anchor investment by 65 Equity Partners through its purchase of 16,666,600 AvePoint shares of common stock from Sixth Street. "We are pleased to welcome 65 Equity Partners as a substantial long-term stockholder of AvePoint," said Dr. Tianyi Jiang, Co-Founder & CEO, AvePoint. "This investment reflects their confidence in our vision to advance the digital workplace, capture growing markets and prioritize profitable growth. The APAC region represents an enormous growth opportunity for us, and given that Singapore is an important innovation center for AvePoint, we believe that an eventual dual listing on the Singapore Exchange will garner additional investor support in the region."
|
UPH | Hot Stocks09:05 EDT UpHealth 'deeply disappointed' by Needham action ruling - UpHealth provided an update on the legal action Needham & Company LLC v. UpHealth Holdings, Inc. and UpHealth Services, which arose out of UpHealth Services, Inc.'s engagement of Needham & Company to provide placement and other financial advisory services. The trial court in New York issued a Decision and Order on September 14, 2023 granting summary judgment in favor of Needham. The Decision and Order provides that Needham is entitled to fees in the amount of $31,345,000, plus interest. The Company provided the following statement: "We have reviewed the Order and are deeply disappointed that the Court appears to have redefined contract terms under a theory of successor liability, in contravention of New York law. In our view, the ruling - which the court issued at the summary judgment phase without hearing oral arguments - disregards established precedent and the factual record. We are exploring all options, including a potential settlement with Needham and an appeal, to vigorously defend the Company." Dr. Avi Katz, Chair of UpHealth's Board of Directors said, "While we explore all options with respect to this unprecedented decision, we remain focused on our important mission of enabling high quality, affordable and accessible healthcare for all. This judgment does not affect our commitment to our customers and partners as we leverage our unique technology, data and expertise to improve patient outcomes." If and to the extent necessary, the Company intends to enforce an agreement executed by Dr. Chirinjeev Kathuria, Dr. Mariya Pylypiv and Mr. Al Gatmaitan pursuant to which they agreed to be responsible for the Company's liabilities to Needham in excess of $8,000,000. There can be no assurance that the Company will be successful in collecting monies owed from the Indemnitors.
|
NWVCF | Hot Stocks09:05 EDT EnWave reports acquisition of Eregli Agrosan by Alarko Holdings - EnWave announced that it has approved the acquisition of Ereli Agrosan Doal undefinedrunler ve Turevleri Tarm undefinedretim ve Ticaret A., a Turkish licensor of the Company's Radiant Energy Vacuum dehydration technology, by Alarko Tarim Sanayi ve Ticaret A which is a subsidiary of Alarko Holdings A.S., one of the largest and most respected business conglomerates in Turkey. Alarko Tarm has acquired 100% of Eregli and has been assigned the existing license between EnWave and Eregli. Alarko Tarm intends to make material investments into Eregli to expand its drying business and further improve the commercialization of their REV-dried product portfolio. Eregli currently produces an extensive list of dried fruit, vegetable and dairy products using REV technology.
|
ABBV | Hot Stocks09:04 EDT Allergan Aesthetics announces positive results from Phase 3 Botox Cosmetic study - Allergan Aesthetics, an AbbVie company, announced positive topline results from the second of three Phase 3 clinical studies evaluating onabotulinumtoxinA for the treatment of moderate to severe platysma prominence associated with platysma muscle activity. Platysma prominence is an aesthetically unappealing disruption to the neck, jawline and lower face that is attributed to contraction of the platysma muscle,1 a superficial, flat muscle in the lower face and neck. "We are encouraged by these results, which demonstrated a significant reduction in the unwanted appearance of vertical band prominence on the neck and jawline," said Darin Messina, Ph.D., senior vice president, aesthetics R&D, AbbVie. "These results provide strong evidence in support of onabotulinumtoxinA as a potential treatment option for platysma prominence and once approved, will expand our neurotoxin portfolio into the lower face segment." The multicenter, randomized, double-blind, placebo-controlled study evaluated the safety and efficacy of a single treatment of onabotulinumtoxinA versus placebo in 426 adult subjects with moderate to severe platysma prominence. The primary endpoint was met, demonstrating statistical significance for improvement with onabotulinumtoxinA versus placebo for the improvement in appearance of platysma prominence from baseline (based on both investigator and subject assessment). All secondary endpoints were met, as measured by multiple validated, proprietary patient-reported outcome instruments assessing how bothered subjects are by the appearance of platysma prominence, psychosocial impact, treatment expectations and treatment satisfaction from the subject perspective. Treatment-emergent adverse events for onabotulinumtoxinA were generally mild and consistent with known pharmacological effects of onabotulinumtoxinA and medical literature. OnabotulinumtoxinA has a well-established safety profile and no new safety signals were observed. Results were consistent with topline results from the first Phase 3 study, announced in April 2023.
|
FISI AROW | Hot Stocks09:04 EDT Financial Institutions names Jones as SVP, CMO of Five Star Bank - Financial Institutions (FISI) announced that Blake Jones has joined as Senior Vice President, Chief Marketing Officer, CMO, of the Bank. In this role, Jones will support development of the strategic framework and long-term vision for the Bank. She will lead both marketing and analytics on an enterprise-wide basis, focusing on strategy, brand and performance marketing, and audience insights. Jones will report to Justin K. Bigham, Executive Vice President, Chief Community Banking Officer. Jones joins Five Star from Arrow Financial (AROW), where she most recently served as Senior Vice President, Marketing Director.
|
GPRE GPP | Hot Stocks09:04 EDT Green Plains deal for Partnership represents value of approximately $15.69 p/s - Green Plains (GPRE) and Green Plains Partners (GPP) ( announced that they have entered into a definitive merger agreement pursuant to which Green Plains will acquire all of the publicly held common units of the Partnership not already owned by Green Plains and its affiliates in exchange for a combination of Green Plains common stock and cash. Under the merger agreement, each outstanding common unit of the Partnership that Green Plains and its affiliates do not already own will be converted into the right to receive 0.405 shares of Green Plains common stock and $2.00 in cash, plus an amount of cash equal to unpaid distributions from the end of the last quarter for which a quarterly distribution was made to the closing date, as determined in accordance with the merger agreement, without interest. Without taking into account the unpaid distribution amount, the merger consideration represents a value of approximately $15.69 per Partnership common unit as of September 15 which represents a premium of 20% to the closing price of the Partnership's common units of $13.08 on May 3, 2023, the day immediately prior to Green Plains' initial proposal to acquire all of the publicly held common units of the Partnership not already owned by Green Plains and its affiliates.
|
IBEX | Hot Stocks09:02 EDT Ibex announces $30M share repurchase program - IBEX Limited will commence a stock repurchase program beginning September 18, 2023. The board of directors has authorized a share repurchase plan under which the Company may repurchase up to $30 million of its shares over the next 6 months.
|
NTUS | Hot Stocks09:02 EDT Route 92 Medical announces appointment of Kennedy as CFO - Route 92 Medical announced the appointment of Jonathan Kennedy to the role of Chief Financial Officer. In this role, Jonathan will be responsible for overseeing all financial management for the company, reporting directly to Chief Executive Officer Tony Chou. Jonathan joins Route 92 Medical after an eight-year stint as Chief Executive Officer and Chief Financial Officer at Natus Medical, a neurology, newborn care, hearing, and balance company.
|
NXST T | Hot Stocks09:02 EDT DIRECTV, Nexstar Media reach new multi-year distribution agreement - DIRECTV and Nexstar Media Group have officially reached a comprehensive new multi-year distribution agreement covering 176 Nexstar-owned local television stations and the company's national cable news network, NewsNation. This follows the return of the television stations and NewsNation to DIRECTV, DIRECTV STREAM and U-verse on the morning of Sept. 17. Terms of the agreements were not disclosed.
|
GNTX | Hot Stocks09:01 EDT Gentex continues expansion into grand rapids - Gentex announced that it has opened a technology hub in downtown Grand Rapids designed to help the company support, attract, and retain top engineering and software talent from throughout West Michigan. The new technology hub is located on the second floor of 25 Ottawa, in the heart of downtown Grand Rapids. "Gentex continually needs top talent, especially engineering and software technologists who can support our growing business and expanding product portfolio," said Neil Boehm, Gentex's Chief Technology Officer. "Gentex is best known for automotive electronics, but we continue to grow our capabilities in vision systems, sensing, AI development, biometrics, home automation, and more. If you like the idea of working in a vibrant city center for a diversified, highly successful, and resource-rich technology company, then check us out!"
|
ARM | Hot Stocks09:00 EDT Arm down 4% in pre-market after being started at Underperform at Bernstein - Shares of Arm are down about 4% or $2.31 at $58.44 in pre-market trading after Bernstein initiated the IPO spinoff at Underperform with a $46 price target this morning. The stock was also down 4.5% on Friday.
|
GPP | Hot Stocks09:00 EDT Green Plains Partners trading resumes
|
GPRE GPP | Hot Stocks09:00 EDT Green Plains to acquire its partnership for share percentage plus $2 cash - Green Plains (GPRE) and Green Plains Partners (GPP) announced that they have entered into a definitive merger agreement pursuant to which Green Plains will acquire all of the publicly held common units of the Partnership not already owned by Green Plains and its affiliates in exchange for a combination of Green Plains common stock and cash. Under the merger agreement, each outstanding common unit of the Partnership that Green Plains and its affiliates do not already own will be converted into the right to receive 0.405 shares of Green Plains common stock and $2.00 in cash, plus an amount of cash equal to unpaid distributions from the end of the last quarter for which a quarterly distribution was made to the closing date, as determined in accordance with the merger agreement, without interest. Without taking into account the unpaid distribution amount, the merger consideration represents a value of approximately $15.69 per Partnership common unit as of September 15, , which represents a premium of 20% to the closing price of the Partnership's common units of $13.08 on May 3, 2023, the day immediately prior to Green Plains' initial proposal to acquire all of the publicly held common units of the Partnership not already owned by Green Plains and its affiliates. Green Plains expects that the proposed transaction will simplify its corporate structure and governance, generate near-term earnings and cash flow accretion, reduce SG&A expense related to the Partnership, improve the credit quality of the combined enterprise and align strategic interests between Green Plains shareholders and the Partnership's unitholders by regaining full ownership and control of Green Plains' total platform, including terminal operations.
|
HBIO | Hot Stocks08:59 EDT Harvard Bioscience, Etisense enter agreement for DECRO telemetry jacket - Harvard Bioscience and Etisense entered into an agreement to offer DECRO, Etisense's non-invasive telemetry jacket and associated physiological monitoring software, to a broad range of pre-clinical customers in the North American and European markets. Harvard Bioscience's Data Sciences International pre-clinical business will serve as the exclusive distributor of Etisense's line of DECRO telemetry jackets and software in North America, the United Kingdom, and Ireland. Etisense will also supply a dedicated version of its DECRO telemetry jackets to be marketed by DSI in North America and Europe. These telemetry jackets, which will expand DSI's Jacketed External Telemetry product line, will be specially adapted to integrate with DSI's Ponemah monitoring and data management software.
|
GODN | Hot Stocks08:52 EDT Golden Star Acquisition enters merger agreement with Gamehaus - Golden Star Acquisition Corporation entered into a definitive Business Combination Agreement for a business combination. As contemplated by the Merger Agreement, Gamehaus will operate through a publicly-traded holding company listed on the Nasdaq Stock Market. Gamehaus is a technology-driven mobile game publishing company dedicated to nurturing partnerships with and amplifying the success of small- and medium-sized game developers. Gamehaus helps small- and medium-sized game developers stay competitive in the global gaming market with data-driven commercialization support and optimized game distribution solutions. Upon consummation of the Business Combination, Gamehaus Holdings Inc., a newly formed holding company, will seek to be listed on the Nasdaq Stock Market. The outstanding shares of Golden Star and Gamehaus will be converted into the right to receive shares of Pubco. The transaction represents a post-combination enterprise value of $500 million for Gamehaus upon closing of the Business Combination. The transaction has been approved by the boards of directors of both Golden Star and Gamehaus and is expected to be consummated in the fourth quarter of 2023 or early 2024, subject to regulatory approvals, the approvals by the shareholders of Golden Star and Gamehaus, and the satisfaction of certain other customary closing conditions, including that the U.S. Securities and Exchange Commission completes its review of the proxy statement/prospectus relating to the proposed Business Combination, and approval by the Nasdaq Stock Market to list the securities of Pubco. Upon the closing of the Business Combination, the combined company is expected to operate under the name Gamehaus and as a Nasdaq-listed public company trading under a new ticker symbol. Gamehaus' executive management team will continue to lead the combined company. All cash remaining on the combined company's balance sheet at the closing of the transaction, after the settlement of transaction-related expenses, is expected to be utilized by the combined company for working capital, growth, and other general corporate purposes.
|
EGHT | Hot Stocks08:47 EDT 8x8 appoints Bruno Bertini as Chief Marketing Officer - 8x8 announced the appointment of contact center and growth marketing leader Bruno Bertini as Chief Marketing Officer CMO Reporting directly to CEO Samuel Wilson, Bertini will be responsible for developing and driving the company's comprehensive global marketing strategy to raise market awareness and accelerate demand and growth opportunities. Bertini is a recognized technology marketing executive with over 15 years of experience in the contact center and customer experience industry. He most recently served as Global Vice President of Demand Generation and Growth Marketing at Freshworks, where he was responsible for driving market expansion and revenue growth. Before joining Freshworks, Bertini spent more than eight years as a marketing executive at Genesys where he held multiple leadership roles including Global Vice President, Partnerships, Alliances and Ecosystem Marketing and Global Vice President of Americas Revenue and Growth Marketing.
|
GODN | Hot Stocks08:45 EDT Golden Star Acquisition Corp trading halted, news pending
|
MBRX | Hot Stocks08:43 EDT Moleculin: New positive independent report of no cardiotoxicity in Annamycin - Moleculin Biotech announced it has received a new independent assessment for the absence of cardiotoxicity in subjects treated with Annamycin. Data from the following subjects were made available to an expert in chemotherapy who is affiliated with a leading cancer research institute in assessing cardiotoxicity. After review of this data, the independent expert concluded that there was no evidence of cardiotoxicity. "We continue to be encouraged by the potential of Annamycin, especially with the reports from this expert covering 62 subjects. This additional independent report of additional datasets provides further validation in the absence of cardiotoxicity," commented Walter Klemp, Chairman and CEO of Moleculin. "Annamycin continues to establish itself as a non-cardiotoxic anthracycline, even in subjects who have received far more than the lifetime maximum cumulative anthracycline exposure established by the FDA. In fact, 53 of the 62 subjects evaluated have been taken over the lifetime maximum of 450 mg/m and one of them as high as 3420 mg/m. Our growing body of positive data for Annamycin continues to bolster our confidence in our belief that Annamycin is truly a 'next generation' anthracycline, especially in light of the growing efficacy data that we have previously reported in the treatment of STS lung mets and AML. We remain focused on advancing our Annamycin development programs and ultimately, addressing the medical unmet needs of people with difficult to treat cancers and viruses."
|
CLRB | Hot Stocks08:41 EDT Cellectar Biosciences receives EMA PRIME designation for iopofosine - Cellectar Biosciences announced that the European Medicines Agency has granted Priority Medicines designation to iopofosine I 131, the company's lead small-molecule drug candidate, for Waldenstrom's macroglobulinemia in patients who have received two or more prior treatment regimens.
|
MEIP | Hot Stocks08:37 EDT MEI Pharma confirms receipt of director nominations from Anson and Cable Car - MEI Pharma issued the following statement regarding the nomination of three director candidates by Anson Advisor and Cable Car Capital to stand for election to the Company's Board of Directors at MEI's fiscal year 2024 Annual Meeting of Stockholders. MEI, a clinical development company dedicated to bringing new treatments to patients with cancer, is nearing a significant moment in the Company's history. We are making important progress advancing two promising clinical-stage pipeline programs - voruciclib and ME-344 - and we have important inflection points with readouts of clinical data expected during the first half of 2024 from both of our programs. With the progression of our development pipeline, promising early clinical data and capital to support our near-term development plans, MEI is well positioned to create value for stockholders and deliver improved therapeutic options to patients. Over the last several months, Anson and Cable Car have been running an opportunistic campaign to take control of the Company without paying what the Board believes is an appropriate premium to do so. It is clear from discussions members of our Board and management team have had with Anson and Cable Car during that time, that they have a single-minded agenda to obtain the Company's cash now without paying a premium, regardless of the opportunity cost to the MEI's development programs and other stockholders. The MEI Board will review the Anson and Cable Car nominees in accordance with the Company's corporate governance guidelines and principles and its fiduciary duties to all stockholders. The MEI Board of Directors and management team will continue to take actions that it believes represent the best interest of ALL MEI stockholders. The MEI Board will present its recommendation with respect to the election of directors in the Company's proxy statement, which will be filed with the Securities and Exchange Commission and mailed to all stockholders eligible to vote at the Company's fiscal year 2024 Annual Meeting of Stockholders.
|
EMLD | Hot Stocks08:36 EDT FTAC Emerald Acquisition postpones special meeting - FTAC Emerald Acquisition announces that the special meeting in lieu of annual meeting of stockholders scheduled to be held on September 18, 2023 at 4:30 pm Eastern Time will be postponed until 4:30 pm Eastern Time on Tuesday, September 19. The Meeting is being held for the purposes of considering and voting on an extension amendment to the Company's Amended and Restated Certificate of Incorporation, an extension amendment to the Investment Management Trust Agreement and an Adjournment Proposal, each as described in the Company's amended definitive proxy statement filed with the Securities and Exchange Commission on August 31, 2023. The price for any shares of Class A common stock properly redeemed in connection with the Meeting is estimated to be approximately $10.47 per share.
|
AIRS | Hot Stocks08:35 EDT AirSculpt Technologies announces opening of newest location in Raleigh - AirSculpt(R) Technologies announced the opening of its newest center in Raleigh, NC. The Raleigh location increases the company's center count to 27 locations throughout the United States, Canada and the UK. "We are thrilled to bring AirSculpt to Raleigh," said Todd Magazine, Chief Executive Officer at AirSculpt Technologies. "Our Charlotte location has delivered great results for North Carolinians so we are pleased to be able to deliver more location choices for potential patients."
|
AGRI | Hot Stocks08:35 EDT AgriFORCE Growing Systems announces launch, purchase of Hydroxyl device - AgriFORCE Growing Systems announced the commercial launch and first purchase order for its AgriFORCE-RCS Hydroxyl device with Commercializadora DESICO, a leading distributor of AC, heating and air ventilation systems. AgriFORCE Interim CEO, Richard Wong commented, "This first purchase order marks a major milestone in the commercial rollout of the AgriFORCE-RCS Hydroxyl devices. We have conducted extensive analysis and worked closely with Radical Clean Solutions Ltd, the inventor and developer of the technology, to customize the technology for the specific needs of customers in the controlled environment agriculture (CEA) and food manufacturing industries. The patent-pending system seeks out and destroys both airborne and surface-based mold, bacteria, virus, and VOCs, as well as other pathogens and pollutants in real-time. By reducing mold and VOCs, we expect to have a dramatic impact on the bottom line of our customers through reducing food spoilage. In fact, according to Food and Agricultural Organization (FAO), it is estimated that mycotoxin (mold) affects nearly 25% of the world's crops. We believe this is just the first of many orders with DESICO and in the Mexico market with vast acres of greenhouses as potential clients, and a large food manufacturing industry. We currently have units in testing within greenhouses in the United States and expect test results soon. We also look forward to expanding into new markets around the world."
|
BSFC | Hot Stocks08:34 EDT Blue Star Foods repays convertible note - Blue Star Foods announced that it has allocated $2,573,142 to repay and terminate the largest of the three Convertible Notes outstanding to The Lind Partners to reduce total debt and improve the Company's balance as it positions itself for future growth initiatives.
|
KOPN | Hot Stocks08:34 EDT Kopin receives $3.4M follow-on order for F-35 program - Kopin (KOPN) announced it has received a $3.4M follow-on order for its high-brightness liquid crystal display for the F-35 Joint Strike Fighter program. With the F-35 scheduled for production through 2030, Kopin expects additional orders over the life of the program.
|
SGII | Hot Stocks08:34 EDT American Battery Metals confirms commitment to Seaport Global merger - American Battery Materials reaffirmed its commitment to moving forward with the proposed merger with Seaport Global Acquisition II Corp. David Graber, ABM's Chairman and Co-Chief Executive Officer, commented, "We are aware that our merger partner, Seaport Global, received a delisting warning letter from NASDAQ. We believe this is not an unusual event for a SPAC which has extended its time frame to close an acquisition. Seaport extended its time frame back in August and has undergone the expected redemptions associated with a SPAC. This reduced Seaport's shareholder base and stockholders' equity."
|
IDAI | Hot Stocks08:34 EDT Trust Stamp announces technology for global Alternative to Detention market - Trust Stamp announced the launch of its Tap-In Band, a wrist-worn, tamper resistant, hypoallergenic NFC band that facilitates discrete check-in by, and communication with, participants in community based supervision programs. The Tap-In Band leverages the GPS and NFC technologies in the user's own mobile phone and allows the user to verify their well-being and location by tapping the band to the phone, gaining direct access to a personalized web portal with messaging and two-way audio visual communications. Gareth Genner, Trust Stamp's Chief Executive Officer said, "The Tap-In Band is the result of three years of market discovery and development and is a game-changer. The band is battery-free and has a fitness band-styled design that provides secure authentication without imposing embarrassment or discomfort. We are not publicly releasing images of the customizable aesthetic design but I will say that the Band is available in a variety of colors with optional design features that ensure that the underlying use-case is not obvious to an onlooker.
|
ALTI MFA | Hot Stocks08:33 EDT AlTi Global appoints Stephen Yarad as CFO - AlTi Global (ALTI) announced the appointment of Stephen Yarad as CFO and treasurer, effective immediately. Yarad joins AlTi from MFA Financial, Inc. (MFA), where he served as CFO and treasurer since September of 2010.
|
VTVT | Hot Stocks08:32 EDT Cantex Pharmaceuticals, Lenox Hill initiate Phase 2 study of azeliragon - Cantex Pharmaceuticals and Lenox Hill Hospital's Department of Neurological Surgery announced the initiation of a Phase 2 study to assess the safety and effectiveness of azeliragon in combination with radiation therapy as a treatment for newly diagnosed unmethylated glioblastoma. Azeliragon is an orally administered capsule, taken once daily, that inhibits interactions of the receptor for advanced glycation end products with certain ligands, including HMGB1 and S100 proteins in the tumor microenvironment. Azeliragon was discovered by and originally under development for Alzheimer's disease by vTv Therapeutics from whom Cantex licensed worldwide rights to azeliragon.
|
EVAX | Hot Stocks08:32 EDT Evaxion Biotech expands preclinical bacterial vaccine pipeline, EVX-B3 - Evaxion Biotech announced the initiation of a novel pipeline program, EVX-B3, an AI-designed vaccine candidate against an undisclosed bacterial pathogen. The new vaccine project will be a collaboration between Evaxion and an undisclosed leading pharmaceutical company, leveraging unique assets and know-how from both organizations. To develop an effective vaccine, Evaxion has initiated discovery activities for EVX-B3 using both its EDEN and RAVEN AI platforms to identify protective antigens capable of eliciting both a humoral and cellular response to the pathogen. EVX-B3 aims to address a serious global medical issue, targeting a pathogen associated with repeated infections, increasing incidence and often serious medical complications, and for which no vaccines are currently available. The project will be a collaborative and co-funded effort between the two companies. Evaxion's Chief Scientific Officer, Birgitte Rono, states: "We are thrilled to announce our upcoming collaboration, aimed at jointly investigating the capabilities of our AI platforms to design a groundbreaking vaccine targeting this specific pathogen. We strongly believe that this collaboration will further validate the power of AI to benefit global health through the design of unique vaccines against serious medical conditions."
|
ENOV | Hot Stocks08:31 EDT Enovis debuts new foot, ankle products at AOFAS Annual Meeting - Enovis Corporation announced it will showcase new products from its recent acquisitions of Novastep and the external fixation assets of D.N.E., LLC, along with its new, organically developed Evolve34 Lapidus Instrumentation, and the new "STAR+ Experience," Enovis' Total Ankle System plus patient specific instrumentation, at the American Orthopaedic Foot & Ankle Society(R) annual meeting in Louisville, Kentucky from September 20-23, 2023. Other offerings being showcased for the first time will be Evolve34, a bunion solution for Lapidus correction that allows surgeons to dial in deformity correction and select a hardware construct specific for the patient's needs. Additionally, Enovis will be introducing the all new EF1 External Fixation product line, complimenting the flagship DynaNail and DynaClip offerings in the hindfoot segment.
|
DOX ORCL | Hot Stocks08:30 EDT Amdocs, Oracle expand global collaboration for cloud - Amdocs (DOX) and Oracle (ORCL) announced the expansion of their global collaboration to empower customers on their journey towards cloud and digital adoption with Oracle Cloud Infrastructure. This extended cooperation will empower the communications and media industry's journey to the cloud by enabling service providers to move their Amdocs classic applications to OCI. This will allow them to offer new and differentiated cloud-based services that drive growth and customer loyalty by enabling fast and agile interactions at scale. By combining Amdocs' software with OCI's secure and high-performance cloud platform, service providers will be able to drive operational efficiency, agility, and innovation. Amdocs customers will be able to maximize their service choices across Oracle's 45 public cloud regions or OCI Dedicated Region, which helps customers meet requirements for data residency, data sovereignty, or other security and privacy needs. As part of a joint go-to-market strategy, Amdocs and Oracle will prioritize the delivery of comprehensive support and services that facilitate seamless cloud transitions, optimization of operations, and the unlocking of new business opportunities for customers.
|
PHI DOX | Hot Stocks08:28 EDT PLDT selects Amdocs for cloud migration, modernization project - Amdocs (DOX) has been selected by PLDT (PHI) and its wireless subsidiary Smart Communications, to accelerate their cloud modernization on Amazon Web Services/ PLDT is modernizing its IT infrastructure to improve business agility and respond faster to market dynamics, driving innovations and delivering an enhanced connected customer experience. In this multi-year collaboration, Amdocs will seamlessly migrate select business-critical systems and applications to AWS. Amdocs will provide cloud strategy, planning consultancy, and cloud security and operations services, using its new artificial intelligence-driven cloud operations platform. Hosted on AWS, the platform will help PLDT and Smart optimize and scale infrastructure performance and resources as needed. This holistic approach to cloud adoption and management is designed to bring PLDT and Smart increased operational resilience, leading to business agility and innovation, and continuity of services.
|
SAGA | Hot Stocks08:26 EDT Sagaliam Acquisition, Enzolytics execute binding business combination agreement - Enzolytics executed the binding business combination agreement for the sale of Biogenysis and Virogentics, the operating subsidiaries of Enzolytics, to Sagaliam Acquisition Corp in a transaction valued at $450,000,000. The combined company is expected to trade on NASDAQ. The entities have begun the de-SPAC process and are moving on with the closing of this project.
|
GPP | Hot Stocks08:25 EDT Green Plains Partners trading halted, news pending
|
OCX | Hot Stocks08:25 EDT OncoCyte presents clinical data on VitaGraft Kidney - Oncocyte announced the presentation of significant new clinical data at the European Society of Organ Transplant conference. The data was generated from a randomized interventional clinical trial conducted by Charite, a leading transplant and research institution in Germany. Interim results showed that monitoring kidney transplant patients with Oncocyte's VitaGraft Kidney donor-derived cell-free DNA assay identified antibody-mediated rejection 10 months sooner than standard of care monitoring protocols. For DSA+ patients with ABMR, time to diagnosis was significantly shorter in the intervention group than in the control group. This is the first randomized interventional trial demonstrating the superiority of longitudinal monitoring with a dd-cfDNA assay in early identification of ABMR. The current standard of care uses kidney function tests and other biomarkers to monitor for graft health and AMBR. The data presented at ESOT show that adding longitudinal dd-cfDNA testing like VitaGraft to monitoring protocols has the potential to enable earlier intervention for kidney transplant patients. VitaGraft currently is available as a research use only assay upon request. In late August, VitaGraft Kidney received a positive coverage determination from Palmetto GBA, a Medicare Administrative Contractor for the Centers for Medicare & Medicaid Services, confirming that the test has met the criteria for coverage reimbursement under MolDX: Molecular Testing for Solid Organ Allograft Rejection. Oncocyte expects to receive pricing information within the next few weeks and to initially commercialize VitaGraft Kidney through its early access program over the next few months. Early commercial revenue from the test is expected beginning in 1H 2024, with broader commercialization in the U.S. and other countries planned to follow.
|
JOBY TM | Hot Stocks08:22 EDT Joby Aviation to locate first scaled aircraft production facility in Dayton - Joby Aviation, which is developing electric vertical take-off and landing, or eVTOL, aircraft for commercial passenger service, announced it plans to locate its first scaled aircraft production facility in Dayton, Ohio. "Joby plans to build a facility capable of delivering up to 500 aircraft per year at the Dayton International Airport, supporting up to 2,000 jobs. The 140-acre site it has selected has the potential to support significant further growth over time, providing enough land to build up to two million square feet of manufacturing space. Construction of the scaled Ohio facility is expected to start in 2024 and it is expected to come online in 2025. Joby plans to use existing nearby buildings to begin near-term operations. The State of Ohio, JobsOhio and local political subdivisions have offered incentives and benefits of up to $325M to support the development of the facility, while Joby plans to invest up to $500M as it scales operations at the site. Joby is also announcing today that it has been invited by the U.S. Department of Energy to submit a Part II Application for financing under the Title XVII Loan Guarantee Program, which provides access to low-interest loans for clean energy projects and would support the scaling of the facility. Joby's long-term investor, Toyota, who worked with Joby on the design and successful launch of the company's Pilot Production Line in Marina, California, plans to continue to advise Joby as it prepares for scaled production of its commercial passenger air taxi in Ohio," the company stated. "Joby plans to start hiring in the coming months, with early roles expected to focus on the build out of the scaled facility and the machining of parts that will initially be incorporated into Joby's California low-volume production line," the company added.
|
AVGR | Hot Stocks08:21 EDT Avinger announces full commercial launch of Tigereye ST system - Avinger announced full commercial launch of its Tigereye ST next generation image-guided chronic total occlusion crossing system. With the initiation of full commercial launch, all current and prospective accounts can now order the Tigereye ST device. Prior to full commercialization, Avinger conducted a limited launch at 11 clinical centers in the United States, with approximately 50 CTO procedures performed with Tigereye ST by 13 physicians. These initial cases highlighted the successful implementation of the new design features into the platform, as well as an excellent safety profile, efficacy in crossing very challenging lesions, and exceptional product reliability.
|
SIDU | Hot Stocks08:20 EDT Sidus secures position on SpaceX's upcoming Bandwagon mission - Carol Craig ,Sidus Founder & CEO of Sidus Space said in part in a letter to shareholders: "Following this morning's announcement regarding the reallocation of two LizzieSats to launch on an upcoming Bandwagon mission with SpaceX, I want to explain in greater detail what this means for Sidus. In addition, I will provide an update on our plan to regain compliance on the Nasdaq Capital Market as we focus on growing our business, increasing gross margins, and building value for our shareholders....we announced that Sidus secured a position on SpaceX's upcoming Bandwagon Mission, reallocating two of our AI-driven LizzieSat satellites...As mentioned in the release this morning, we made the decision to capitalize on SpaceX's recent announcement to launch Bandwagon missions after evaluating the potential increased revenue opportunity tied to placing multiple LizzieSats in dissimilar orbits. This change will enable us to capture higher revenue generating data by covering more populated areas while also increasing our payload and data customers. We believe that, in combination with the inclusion of additional sensors and enhanced AI capabilities, the new orbits add value as we get closer to initiating these launches and developing new, high-margin business lines...Both LizzieSat Bandwagon missions will include sensors utilizing co-incident or simultaneous data collection to capture still images, hyperspectral and multispectral images, AIS, and wide-area-spectral imaging...We believe that our FeatherEdge AI, working in concert with these additional sensors and combined with the addition of an Equatorial Orbit, will allow Sidus to provide unparalleled data service to our customers. While we initially planned to launch the first LizzieSat on Transporter-9 in Q4 2023, we made the strategic decision to adjust our launch manifest in order to enhance the capacity of our constellation deployment. The updated schedule will expand this mission to target a first launch in the first quarter 2024, with a current target launch date of February 2024, and two LizzieSats on a Bandwagon mission in the second quarter of 2024. Additionally, we plan to have a minimum of five LizzieSats on orbit in the Company's constellation by the end of the second quarter of 2024. Finally, I would like to address our plan to regain compliance on the Nasdaq Capital Market..In early September, we requested, and have now been granted, an additional 180-day extension to the period allowed to regain compliance. This extension will give us until March 11, 2024 to increase our share price above $1.00, and therefore regain compliance.
|
LPLA | Hot Stocks08:18 EDT The Francis Group joins LPL Strategic Wealth Services - LPL Financial announced that Burke Francis and Christopher Francis have joined LPL Financial to launch an exclusive family-focused office and independent practice, The Francis Group at LPL. They chose to affiliate with LPL's supported independence model, LPL Strategic Wealth Services. The Francis Group reported having served approximately $1.2 billion in advisory, brokerage and retirement plan assets. They join from Morgan Stanley. Since 1966, Burke Francis steadily built the Los Angeles area practice from the ground up by specializing in asset management for high-net-worth individuals. His son, Chris, joined the business in 1998, after working in real estate development and numerous venture backed companies.
|
CAMT FORM | Hot Stocks08:18 EDT Camtek to acquire FormFactor's FRT Metrology business for $100M in cash - Camtek (CAMT), together with FormFactor (FORM), are pleased to announce that they have entered into an agreement for the acquisition by Camtek of FormFactor's FRT Metrology business for $100M in cash, subject to customary purchase price adjustments. FRT, headquartered in Bergisch Gladbach, Germany, is a leading supplier of high-precision metrology solutions for the Advanced Packaging and Silicon Carbide markets. The transaction is expected to close in Q4 2023, subject to the satisfaction of customary closing conditions. "We welcome FRT and its employees to the Camtek family," said Mr. Rafi Amit, Camtek's CEO. "We expect this acquisition to solidify Camtek's leading market position and contribute over $30 million to the annual revenues in 2024 and be accretive within 12 months following the acquisition. Beyond the immediate financial contribution, we expect further synergies that will contribute to Camtek's overall growth prospects in 2024 and beyond. We look forward to capturing a larger share of the unique growth opportunities ahead of us."
|
NLCP | Hot Stocks08:17 EDT NewLake Capital Partners board increases share repurchase program by $10M - NewLake Capital Partners provided an update regarding its $10 million common share repurchase program. To date, the Company has acquired 713,831 shares of common stock at an average price, including commissions, of $12.96 per share, utilizing approximately $9.3 million of the original $10 million authorization. Thus, on September 15, 2023, the Company's board of directors authorized a $10 million increase to the Company's existing share repurchase program and extended the duration to conclude on December 31, 2024, giving the Company approximately $10.7 million remaining available under the program.
|
DCGO | Hot Stocks08:17 EDT DocGo appoints Lee Bienstock as CEO - DocGo announced that its board of directors has appointed Lee Bienstock, who most recently served as the company's president and COO, to the role of CEO, effective September 15. Bienstock joined DocGo in 2022 after ten years at Google, where he most recently served as Global Head of Enterprise Partnerships for Devices and Services.
|
EM | Hot Stocks08:17 EDT Smart Share Global announces CTO Li to resign, Xu nominated as President - The Company announces that its Chief Technology Officer, CTO, Xiaowei Li, has tendered his resignation from the Company due to personal reasons. The resignation will be effective on October 31, 2023. The Board has approved the Company's nomination of Peifeng Xu to the role of the President of the Company, in addition to his role as a Director of the Company. The appointment will be effective on September 18, 2023. Following the appointment, Xu will be in charge of the operation and the research and development of the Company's mobile device charging business and will continue to report to Mars Guangyuan Cai, Chairman of the Board and Chief Executive Officer of the Company.
|
EM | Hot Stocks08:16 EDT Smart Share Global announces extension of share repurchase program - Smart Share Global announced the extension of its share repurchase program and changes to management team. The Company's board of directors authorized a further 12-month extension to its existing share repurchase program through September 27, 2024. The Share Repurchase Program was originally approved by the Board on September 28, 2021, under which the Company may repurchase up to US$50.0 million of its shares through September 27, 2022. On September 28, 2022, the Company announced that the Share Repurchase Program was extended through September 27, 2023 as authorized by the Board. As of September 15, 2023, the Company had cumulatively repurchased approximately US$5.7 million of its shares under the Share Repurchase Program.
|
CSX | Hot Stocks08:16 EDT CSX promotes Rail Safety Week - CSX Corporation is continuing its partnership with the national non-profit, Operation Lifesaver, for the sixth consecutive year in support of Rail Safety Week. The annual campaign promotes public safety near railroad tracks and serves as a nationwide platform to educate communities about safe behaviors that help prevent crossing collisions and trespass incidents.
|
TIO GS | Hot Stocks08:14 EDT Tingo Group appoints interim co-Chief Executives , Independent Director - Tingo Group (TIO) announced the appointments of Dozy Mmobuosi and Kenneth Denos each as interim co-Chief Executive Officers, following the decision by Darren Mercer to retire to spend time with his young family and to coincide with his milestone birthday yesterday. As the Company announced on May 10, 2022, Mercer planned to step down as Chief Executive following the merger of MICT and Tingo, Inc. under the original merger transaction. That move, however, was postponed under the new merger structure, which completed on November 30, 2022, and then delayed further by the Investigation. As the founder and visionary of both Tingo Foods and Tingo Mobile Limited, which has become one of Africa's leading agri-fintech companies over the past 23 years, Mmobuosi is uniquely positioned to lead the Company, develop it further and provide continuity, while the Company completes a global search for a permanent world-class Chief Executive Officer, who has relevant expertise and experience. Denos has served as a director of Tingo since its acquisition of Tingo Mobile in November 2022, and an executive of Tingo Mobile's prior parent company, Agri Fintech Holdings since August 2021. In addition, the Company is pleased to appoint Jamal Kurshid as an independent member of the Board of Directors. Mr. Kurshid brings more than 20 years of investment banking experience with several leading financial institutions including Goldman Sachs (GS).
|
ENPH | Hot Stocks08:12 EDT Enphase Energy expands solar, battery storage deployments in Australia - Enphase Energy announced that installers of Enphase products in Australia have seen an increase in deployments of Enphase Energy Systems, powered by the new IQ Battery 5P and IQ8 Microinverters. "Australian homeowners are increasingly participating in the transition to solar and battery enabled home electrification," said Dave Ranhoff, chief commercial officer at Enphase Energy. "We are proud to partner with leading installers in Australia to provide a seamlessly integrated home energy production and management platform that delivers unparalleled energy use optimization and payback."
|
MYGN | Hot Stocks08:11 EDT Myriad , MSK collaborate to study use of minimal residual disease testing - Myriad Genetics announced a collaboration with Memorial Sloan Kettering Cancer Center, MSK, to study the use of minimal residual disease testing in breast cancer. The research project will use Myriad's MRD testing platform, a tumor-informed high-definition assay that uses whole-genome sequencing to achieve high sensitivity and specificity for circulating tumor DNA. Myriad is working together with Pedram Razavi, MD, PhD, a breast medical oncologist and Director of Liquid Biopsy & Genomics at MSK Global Biomarker Development Program. The MSK research team will investigate the use of MRD testing for patients in two breast cancer cohorts. The first will be in a metastatic patient population treated with CDK4/6 inhibitors and will evaluate the ability of MRD testing to predict treatment response. The second will be focused on the neoadjuvant setting and will assess the association of MRD testing with chemotherapy treatment response.
|
INTC | Hot Stocks08:10 EDT Intel, Act-On Software collaborate for AI-based software - Act-On Software is collaborating with Intel to accelerate development of a new AI-based software capability called Act-On AI Audience Insights. Act-On AI Audience Insights works by analyzing billions of data points to highlight new segments within a customers database, providing information that yields higher outcome marketing opportunities. Using machine learning to analyze customer behavioral data, it can identify unique audience segments to power marketing automation. In a traditional world without AI, marketers would have to create audience segmentations based on manual analysis and best guesses. AI Audience Insights helps the user identify audience segments automatically and in a fraction of the time, accelerating a process crucial to the success of digital marketing.
|
GEHC | Hot Stocks08:10 EDT GE HealthCare awarded $44M grant to develop AI ultrasound tech - GE HealthCare announced it received a grant from the Bill & Melinda Gates Foundation for more than $44M to create user-friendly, artificial intelligence assisted ultrasound imaging auto-assessment tools. These tools will seek to aid healthcare professionals-even those without specialized training or experience with ultrasound-with clinical decision information to support more effective obstetric and lung screening ultrasound scans across maternal and fetal care as well as pediatric lung health, with a goal of expanding access to low-and-middle income countries and across diverse sites of care. Caption Health, a leader in medical AI acquired by GE HealthCare in February 2023, will design this technology to run across a range of ultrasound devices and probes, including lower-cost handheld devices.
|
PNT | Hot Stocks08:09 EDT Point, Athebio announce partnership to develop DARPin-targeted radioligands - POINT Biopharma Global and Athebio announced a collaboration and license agreement to develop and commercialize DARPin-targeted radioligands. The collaboration gives POINT exclusive access to Athebio's intellectual property and capabilities in DARPin development in the radioligand therapy field. Together, the parties will collaborate in discovery, candidate selection and preclinical development of Athebody DARPins for use as Radio-DARPin drug entities. POINT will be solely responsible for the clinical development and commercialization of Radio-DARPins translated from the discovery collaboration. "The holy grail of radioligand development is the ability to engineer ligands that can precisely deliver radiation and also have physical properties that are resistant to radiolytic damage, enabling them to be manufactured at scale," said Joe McCann, Ph.D., Chief Executive Officer of POINT Biopharma. "DARPins represent a potential goldilocks opportunity in this regard, and could unlock new cell surface targets creating a new horizon for the development of novel targeted radioligand therapies. I am excited by this collaboration with Athebio, experts in DARPin technology, as it further expands our library of tools to engineer next-generation radioligands."
|
RANI JNJ | Hot Stocks08:08 EDT Rani Therapeutics initiates Phase 1 study of RT-111 - Rani Therapeutics (RANI) announced the initiation of a Phase 1 clinical trial to evaluate the safety and tolerability of RT-111, an orally administered RaniPillGO capsule containing an ustekinumab biosimilar, CT-P43. Topline results from this study are expected early in the first quarter of 2024. Ustekinumab is a human IgG1 monoclonal antibody that binds with specificity to the p40 protein subunit used by both the interleukin-12 and interleukin-23 cytokines, and is marketed in the United States by Janssen (JNJ) as STELARA. Currently, ustekinumab is available only as a subcutaneous injection. "We are thrilled to announce the advancement of RT-111 into the clinic, an important milestone for Rani which brings us one step closer to our goal of making oral biologics a reality for patients with autoimmune diseases," said Talat Imran, Chief Executive Officer of Rani. "Psoriasis, psoriatic arthritis and other autoimmune conditions are chronic diseases that can require regular, painful injections that are burdensome for patients. RT-111 is a convenient, oral delivery of ustekinumab via the RaniPill capsule. Moreover, because the RaniPill capsule technology is a drug-agnostic delivery platform, RT-111 also represents a broader opportunity to potentially replace other injectable-only monoclonal antibodies and large molecules with an oral alternative."
|
RDVT | Hot Stocks08:08 EDT FOREWARN partners with Houston Association of Realtors Multiple Listing Service - FOREWARN announced that the Houston Association of Realtors(R) Multiple Listing Service will offer FOREWARN services to its the 48,000+ MLS subscribers they serve throughout Houston and the surrounding area to promote proactive real estate agent safety.
|
SKWD | Hot Stocks08:06 EDT Skyward Specialty Insurance announces individual provider coverage - Skyward Specialty Insurance Group is expanding its coverages in the healthcare sector adding a new solution catering to the distinct needs of E&S individual providers, including physicians. The healthcare landscape continues to present new challenges and opportunities for healthcare professionals, especially for individual providers and physicians. The demand for this type of coverage has outpaced the insurance market's capacity and capabilities, resulting in a growing need for bespoke solutions for healthcare professionals. Additionally, the nation is facing an unprecedented shortage of individual providers and physicians with fewer healthcare professionals entering the market and experienced professionals leaving the market due to costly malpractice suits and rising costs of litigation. Many practitioners have difficulty obtaining tailored solutions due to their history and often are left with limited coverage options and even fewer carriers to turn to. The Company's newly named Healthcare Solutions underwriting unit, formerly known as Allied Health, was established in 2021. Since that time the Company has taken bold steps to reach underserved markets beyond the traditional Allied Health scope. The Healthcare Solutions team will begin accepting submissions for Individual Provider coverage on Monday, October 2.
|
S... | Hot Stocks08:06 EDT SentinelOne, Mandiant expand strategic partnership - SentinelOne (S) and Mandiant, part of Google Cloud (GOOG), announced an expanded strategic partnership through which they intend to arm organizations of all sizes with threat intelligence capabilities directly within the SentinelOne Singularity Platform.
|
MRDB | Hot Stocks08:06 EDT MariaDB receives unsolicited non-binding proposal from Runa Capital II - The Board of MariaDB notes the announcement made by Runa Capital II on September 15, and confirms that it has received an unsolicited non-binding indicative proposal from Runa Capital II GP as general partner of Runa Capital Fund II on behalf of itself and its other investment affiliates to acquire 100% of the issued ordinary shares of the Company other than those shares already owned by Runa. The Board of MariaDB is reviewing and taking advice regarding the Possible Offer. The Possible Offer may or may not lead to an offer being made for the entire share capital of the Company. There can be no certainty that any offer will be made. A further announcement will be made if and when appropriate.
|
PXS | Hot Stocks08:06 EDT Pyxis Tankers announces closing of Ultramax JV investment, company update - Pyxis Tankers reported that on September 14, 2023, the Company closed on its previously announced newly formed drybulk joint venture with an entity related to our Chairman and Chief Executive Officer, to acquire, own and operate a 2016 Japanese built 63,250 dwt Ultramax carrier. The Company invested approximately $6.8 million in cash for a 60% ownership interest in the joint venture. It is expected that the scrubber-fitted, eco-efficient vessel, which has been re-named the "Konkar Ormi", will be initially chartered in the spot market. In addition, Valentios Valentis, our Chairman and CEO, provided the following brief update: "The product tanker chartering environment continues to be constructive. As of September 18, 2023, 92.4% of the available days in the third quarter of 2023 for our MR's were booked at an estimated average TCE of $26,200 per vessel. Currently, two vessels are under time charter, one vessel is employed in the spot market and one vessel is undergoing her second special survey. After funding our joint venture investment, the Company had approximately $31.9 million in total cash. This acquisition is a meaningful enhancement to our growing investment platform. Moving forward, our liquidity and low leverage should increase our operating and financial flexibility. Subject to market conditions and other factors, the Company expects to further enhance shareholder value by pursuing additional vessel acquisitions with cash on hand, and, as appropriate, utilizing bank financing. In the meantime, the Company plans continue to optimize our fleet, amortize our debt and re-purchase common shares under our authorized $2.0 million program. As of September 15, 2023, the Company had spent $0.53 million to acquire a total of 147,907 shares at an average price of approximately $3.59, including commissions. As of that date, 10,725,336 PXS shares were outstanding."
|
RSSS | Hot Stocks08:05 EDT Research Solutions announces cooperation agreement with investor group - Research Solutions announced that it has entered into a cooperation agreement with Peter Derycz, Bristol Investment Fund, Ltd., Bristol Capital Advisors, LLC and Paul Kessler, which collectively own 5,921,930 shares of the company's outstanding common stock. Under the terms of the Cooperation Agreement, Derycz's employment will be terminated without cause, and he will resign from the company's board of directors and all committees upon which he currently serves, and from any positions that he holds with the company and any of its subsidiaries. To fill the vacancy resulting from Dercyz's departure, the company will appoint an independent director to the Board that is mutually agreed upon by the parties. Additionally, the Investor Group has agreed to withdraw its notice of intent to nominate director candidates for election at the company's 2023 Annual Meeting of Shareholders and cease all solicitations of proxies and other activities in connection with the Annual Meeting. During the term of the Cooperation Agreement, the Investor Group has also agreed to customary standstill provisions and voting commitments. Further, the company and the Investor Group have each agreed to a mutual general release of claims with respect to the other party.
|
SHOT | Hot Stocks08:05 EDT Safety Shot to develop detox product for alcohol poisoning - Safety Shot announced it intends to develop its Safety Shot functional beverage platform in a unique concentrated form to treat alcohol poisoning in hospital and emergency settings. The Safety Shot beverage, set to launch Q4 2023, is the first patented beverage on Earth that helps people feel better faster by reducing blood alcohol content and boosting clarity. The Safety Shot platform works through four different Mechanisms of Action including improving central nervous system activity, cognition, and motor cortex function. It is designed to rapidly break down blood alcohol levels and prevent residual alcohol in the body from being absorbed through the gut by creating a protective shield around the gut wall. "We believe a concentrated form of Safety Shot could offer an easy-to-administer, immediately supportive aid or treatment for acute alcohol consumption to help prevent alcohol poisoning and related deaths. With 52 million people rushed to the ER each year due to acute alcohol consumption, we believe that prescription-grade Safety Shot could be used in a variety of settings including ambulances, hospitals, clinics, and entertainment venue-based medical emergency centers," stated Dr. Glynn Wilson, Safety Shot's Chief Scientific Officer. "We anticipate filing an investigational new drug application with the U.S. Food and Drugs Administration for this alcohol poisoning related indication."
|
DX | Hot Stocks08:04 EDT Dynex Capital acquires models, proprietary data developed by Contingent Macro - Dynex Capital announced Terrence Connelly has joined Dynex to spearhead its strategic initiatives and research efforts. Dynex has also acquired the models and proprietary data developed by Contingent Macro under Connelly's leadership. These assets will play a role in leveraging evolving technologies to enhance Dynex's capabilities and enable the company to maintain its investment edge and risk management in complex global markets.
|
CAMT FORM | Hot Stocks08:04 EDT Camtek to acquire FormFactor's FRT Metrology business - Camtek (CAMT), together with FormFactor (FORM), announce that they have entered into an agreement for the acquisition by Camtek of FormFactor, Inc.'s FRT Metrology business for $100 million in cash, subject to customary purchase price adjustments. "We welcome FRT and its employees to the Camtek family," said Mr. Rafi Amit, Camtek's CEO. "We expect this acquisition to solidify Camtek's leading market position and contribute approximately 10% to the annual revenues in 2024 and be accretive within 12 months following the acquisition. Beyond the immediate financial contribution, we expect further synergies that will contribute to Camtek's overall growth prospects in 2024 and beyond. We look forward to capturing a larger share of the unique growth opportunities ahead of us."
|
MDGEF | Hot Stocks08:04 EDT MediGene selects lead candidate for MDG2011 therapy - Medigene has selected its lead candidate for MDG2011, a T cell receptor engineered T cell therapy targeting KRAS G12V with HLA-A*11 and being developed in combination with the Company's PD1-41BB costimulatory switch protein technology. Medigene's end-to-end platform, has successfully generated not one but three KRAS G12V-HLA-A*11 TCRs, each with distinct, multiple HLA-A*11 subtype recognition patterns that exceed the Company's selection criteria for highly specific, sensitive and potentially safer TCRs. After deploying Medigene's proprietary algorithms for evaluation of the unique characteristics of each of the 3S TCRs, including peptide specificity, tumor cell recognition and off-target toxicity, the Company has prioritized one of the 3S TCRs as the lead to move forward to the pre-clinical stage for Medigene's MDG2011 program. The Company's E2E platform continues to generate 3S TCRs with unique attributes that add additional dimensions to the potential of Medigene's TCR-T therapies as well as to confirm the Company's discovery research efforts. One such attribute is the identification of a TCR candidate demonstrating bi-specific recognition for both the KRAS G12V and G12C mutations. Directed TCR discovery efforts in the future will enable identification of an optimal KRAS G12C-specific TCR lead. The two remaining KRAS G12V-A11 TCRs not selected for the MDG2011 program will be added to Medigene's KRAS TCR library for potential future programs that align the product vision with the profile of each TCR. Patents have been filed for each of the three TCRs. MDG2011 is the first program of Medigene's pipeline expansion into a library of neoantigens including, but not limited to: KRAS G12V-HLA-A*11; KRAS G12V-HLA-A*03; KRAS G12D-HLA-A*11; These TCRs will be combined with the PD1-41BB and/or the CD40L-CD28 costimulatory switch proteins to enhance penetration, proliferation, persistence and enhanced cytotoxic function of Medigene's TCR-T cells while mitigating the immunosuppressive effects of the tumor microenvironment.
|
IAS | Hot Stocks08:03 EDT Integral Ad Science names Yossi Almani as Chief Legal Officer - Integral Ad Science announced the appointment of Yossi Almani as Chief Legal Officer, effective immediately. As a member of the senior leadership team, Almani will report directly to Lisa Utzschneider, CEO, and oversee the global legal and compliance functions. He will play a pivotal role in strengthening IAS's commitment to fully protecting consumer privacy and combatting disinformation, while providing marketers with greater transparency into their ad spend.
|
CME | Hot Stocks08:02 EDT CME Group to launch Cobalt Hydroxide futures on October 23 - CME Group announced that it will launch Cobalt Hydroxide futures on October 23, pending all relevant regulatory reviews. This is the fourth battery metals futures contract CME Group has launched in response to evolving hedging needs within the rapidly growing electric vehicle space.
|
TOI | Hot Stocks08:02 EDT The Oncology Institute regains compliance with Nasdaq listing requirements - The Oncology Institute announced that it received written notice from the Listing Qualifications Staff of The Nasdaq Stock Market on September 15, 2023, informing the Company that it has regained compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 550(a)(2) for continued listing on the Nasdaq Capital Market. To regain compliance with the Rule, the Company's common shares were required to maintain a minimum closing bid price of $1.00 or more for at least 10 consecutive business days. This requirement was met on September 14, 2023.
|
TCON | Hot Stocks08:02 EDT Tracon announces ENVASARC Phase 2 trial exceeded futility threshold - TRACON Pharmaceuticals announced that the ENVASARC Phase 2 pivotal trial more than satisfied the futility threshold of 3 responses out of 46 based on the results of the second and final mandated independent data monitoring committee (IDMC) efficacy review, and the trial will continue as planned. The IDMC reviewed interim safety and efficacy data from 46 patients enrolled into cohort C of treatment with single agent envafolimab who completed two on-treatment scans. The objective response rate in the initial 46 patients treated with single agent envafolimab was 13% by investigator review and 8.7% by blinded independent central review. The ORR assessed by BICR, all of which were confirmed responses, more than satisfied the prespecified futility rule and envafolimab monotherapy was generally well tolerated. Median duration of response by BICR was greater than six months. The primary endpoint of the study is achievement of an ORR in nine of 80 patients treated with envafolimab by BICR and median duration of response of greater than six months is a key secondary endpoint. "Envafolimab continues to demonstrate durable single agent activity and has been generally well tolerated," said James Freddo, M.D., TRACON's Chief Medical Officer. "Our goal is the demonstration of nine objective responses by BICR in the 80 patient cohort of single agent envafolimab treatment."
|
NETI | Hot Stocks07:57 EDT Eneti signs vessel reservation contract for newbuild WTIV - Eneti announced that Seajacks UK Limited has signed a vessel reservation agreement with an undisclosed client to transport and install turbines. With mobilization commencing in the first quarter of 2027, the contract will be performed by one of the Company's two NG16000X Wind Turbine Installation Vessels currently under construction at Hanwa Ocean in South Korea. Inclusive of mobilization and demobilization, the engagement is expected to be between 210 and 245 days and generate approximately $87M to $100M of gross revenue. Project costs are expected to be $15M in aggregate.
|
NKLA GM | Hot Stocks07:56 EDT Nikola names Mary Chan as COO, effective October 9 - Nikola (NKLA) announced the appointment of Mary Chan as COO, effective October 9. Chan was a Managing Partner at VectoIQ, where she assisted with the public launch of Nikola Corporation. She served as President of the Global Connected Consumer group at General Motors (GM) and built the next generation of connected infotainment products and OnStar broadband data services. She led the industry's first launch of 4G LTE connectivity across GM's global brands in the U.S., China, Europe, and Mexico.
|
ORA | Hot Stocks07:50 EDT Ormat Technologies, Gotion enter new multi-year agreeement - Ormat Technologies secured a new multi-year contract in partnership with Gotion High-Tech to supply batteries in support of Ormat's upcoming Energy Storage projects. Under this supply contract, Gotion will provide Ormat with batteries at a capacity of up to 750MWh, with a variable pricing structure, partly linked to Lithium Carbonate prices. In addition to the signed agreement, the companies are discussing additional supply contracts and expansions to the existing signed agreement to provide Ormat with U.S. domestic manufactured batteries from Gotion's planned battery plant in Manteno, Illinois which will allow Ormat to benefit from higher Investment Tax Credits.
|
J | Hot Stocks07:46 EDT Jacobs awarded contract for global logistics hub in Saudi Arabia - Jacobs has been appointed by NEOM Company as the lead design consultant for the Port of NEOM redevelopment project in northwest Saudi Arabia. The project in NEOM's new industrial city Oxagon, will transform the existing facility into a net zero, next-generation global logistics hub. The world's first integrated port and supply chain system is expected to be fully automated and operate on 100% renewable energy. The design and construction will incorporate a range of sustainability initiatives, including recovering and reusing materials and structures where possible and using low-carbon steel frames to construct quay walls.
|
NEM | Hot Stocks07:43 EDT Newmont receives clearance from Australia FIRB for Newcrest acquisition - Newmont announced that, following a review by Australia's Foreign Investment Review Board, or FIRB, the Treasurer has cleared the company to proceed with its proposed acquisition of Newcrest Mining, issuing a No Objection Notification, or NON. The NON is conditioned upon compliance with standard tax conditions associated with the Commonwealth's taxation laws. Last week, Japan's Fair Trade Commission, or JFTC, issued a clearance letter allowing closing of the proposed transaction to proceed any time after September 30. Newmont continues advancing other regulatory approvals and expects to close the transaction in the fourth quarter of this year. In August, the Australian Competition & Consumer Commission also cleared the proposed acquisition and conveyed its recommendation to the FIRB. Remaining regulatory approvals include the Philippine Competition Commission. Newmont and Newcrest also continue engaging with the PNG Government and regulators about other approvals and clearances for the transaction.
|
HUGE | Hot Stocks07:39 EDT FSD Pharma announces interim results from FIH trial of Lucid-MS - FSD Pharma announced that an interim report has been received for the first-in-human single ascending dose Phase I clinical trial evaluating the Company's novel drug candidate Lucid-21-302, an orally-administered treatment for Multiple Sclerosis. This interim blinded report was issued on August 17, 2023 for the first 4 cohorts, with an addendum report describing the results of the fifth cohort due by the end of the month. The report, issued by Biopharma Services Inc. as the clinical research organization under contract to FSD, states that "Lucid-21-302 was demonstrated to be safe and well-tolerated in single oral doses in healthy volunteers. Individual concentrations and PK parameters of Cohorts 1 to 4 are very encouraging for further development activity."
|
TTNP | Hot Stocks07:37 EDT Titan Pharmaceuticals announces $9.5M private placement of Preferred Stock - Titan Pharmaceuticals has entered into a definitive securities purchase agreement with The Sire Group for the sale of the Company's newly designated Series AA Convertible Preferred Stock. Sire Group purchased 950,000 shares of Preferred Stock for an aggregate purchase price of $9,500,000, consisting of $5 million in cash at closing and $4.5 million in the form of a promissory note from Sire Group, personally guaranteed by a principal of Sire Group, due and payable on September 23, 2023, subject to two 10-day extensions. The shares have a conversion price of $0.466. Pursuant to the Purchase Agreement, David Lazar and Peter Chasey submitted their resignations from the Company's Board of Directors, which are effective immediately upon the appointment of two replacement directors to fill the vacancies and the Company will hold its annual meeting for the election of directors by April 30, 2024. Mr. Lazar will remain as the Company's CEO.
|
AEHR | Hot Stocks07:35 EDT Aehr Test receives order from new customer for FOX-NP multi-wafer test - Aehr Test Systems announced it has received an initial customer order for a FOX-NP wafer level test and burn-in system, multiple WaferPak Contactors, and a FOX WaferPak Aligner to be used for engineering, qualification, and small lot production wafer level test and burn-in of their silicon carbide devices. The customer is a US-based multibillion-dollar semiconductor supplier serving several markets including automotive, computing, consumer, energy, industrial, and medical. The FOX-NP system, including the FOX WaferPak Aligner and initial WaferPaks are scheduled per the customer's requested accelerated schedule to ship by the end of the calendar year 2023. Gayn Erickson, President and CEO of Aehr Test Systems, commented, "We are very excited that after conducting a detailed financial evaluation and multiple onsite visits to Aehr's application lab, this new customer selected our FOX-P solution for engineering, qualification, and production of their silicon carbide power devices. This evaluation included cost of ownership and system throughput, as well as device test, burn-in, and stabilization coverage. As their production capacity increases, they told us that they will quickly move to our FOX-XP multi-wafer test and burn-in systems for high-volume production. In addition to the automotive electric vehicle device opportunity, this customer in particular sees the enormous opportunity for silicon carbide power devices in industrial, solar, and other power applications."
|
CRON | Hot Stocks07:34 EDT Cronos Group launches PEACE NATURALS in Germany - Cronos Group shipped its first order of bulk cannabis, which will be sold under the PEACE NATURALS brand in Germany. In July, Cronos signed a distribution agreement with Cansativa Group. Cansativa is a market leader in the medical cannabis market and is a driving force in the German cannabis industry. Cansativa has a network of approximately 2,000 pharmacies domestically; they currently supply around 300,000 patients in Germany's medical market.
|
CFRX | Hot Stocks07:33 EDT ContraFect announces submission of IND application to FDA for CF-370 - ContraFect announces that it submitted an Investigational New Drug, IND, application to the U.S. Food and Drug Administration, FDA, on September 15, 2023. The IND application supports a proposed indication for its intravenous antibacterial agent, CF-370, for treatment of hospital-acquired bacterial pneumonia, HABP, and ventilator-associated bacterial pneumonia, VABP. "Today's announcement is an important milestone for our CF-370 program. Globally, there are millions of deaths each year associated with infections caused by antibiotic-resistant Gram-negative bacteria. To be able to advance CF-370, a novel therapeutic candidate with the potential to reduce this seemingly insurmountable burden, into the clinic provides hope for patients suffering and dying in our ICUs every day, many of whom are the most vulnerable from a medical perspective, due to their age, recent surgery or having underlying immunosuppressive conditions," said Roger Pomerantz, MD, President, Chief Executive Officer, and Chairman of ContraFect. "I want to thank our dedicated employees, our extended team of consultants and our shareholders, for bringing our second program into clinical development. We look forward to initiating Phase 1 First-in-Human studies in the US later this year."
|
ZLAB | Hot Stocks07:31 EDT Zai Lab obtains BTD for efgartigimod alfa injection - Zai Lab announced that the Center for Drug Evaluation, CDE, of the National Medical Products Administration, NMPA, granted Breakthrough Therapy Designation for efgartigimod alfa injection for the treatment of patients with chronic inflammatory demyelinating polyneuropathy, CIDP. The Breakthrough Therapy Designation for efgartigimod SC was supported by data from both global and Chinese patients enrolled in the ADHERE study. "In granting Breakthrough Therapy Designation, we are pleased to see that the CDE recognizes the promise of efgartigimod SC as an innovative treatment option for CIDP patients," said Dr. Harald Reinhart, President and Head of Global Development, Neuroscience, Autoimmune & Infectious Diseases, Zai Lab. "We have seen how efgartigimod SC can meaningfully improve and stabilize disease symptoms in these patients. Existing treatment options are quite limited, and problematic given the general reliance on long-term steroid or chronic immunoglobulin therapy. In the ADHERE study, significant efficacy was demonstrated with a favorable safety profile. We are excited about the therapeutic potential of efgartigimod SC in CIDP, and we look forward to working with regulatory authorities in China to bring this important medicine to patients in need as soon as possible."
|
REUN | Hot Stocks07:31 EDT Reunion Neuroscience receives FDA clearance of IND application for RE104 study - Reunion Neuroscience announced that the U.S. Food and Drug Administration has cleared its Investigational New Drug application to initiate a Phase 2 study of RE104, a novel serotonergic psychedelic compound, for the treatment of postpartum depression. The Phase 2 study, the RECONNECT Trial, is a multicenter, randomized, double-blind, parallel-group, active-dose placebo-controlled study, which will evaluate the safety and efficacy of a single subcutaneous dose of RE104 in adult female patients with PPD. The study is expected to begin in Q4 2023 with a targeted data readout in late 2024.
|
AIMD | Hot Stocks07:24 EDT Ainos' VELDONA granted Orphan Drug Designation by FDA - Ainos announced that the United States Food and Drug Administration granted Orphan Drug Designation for the Company's VELDONA low-dose oral interferon formulation as a potential treatment for oral warts in HIV-seropositive patients. Ainos plans to pursue a pre-IND meeting with the U.S. FDA in advance of planned Phase III clinical studies for the drug candidate.
|
GAME | Hot Stocks07:23 EDT GameSquare announces $10M working capital line of credit - GameSquare Holdings announced a $10M working capital line of credit with SLR Capital Partners that matures in September 2026.
|
CRECF | Hot Stocks07:22 EDT Critical Elements Lithium obtains mining lease for Rose Lithium-Tantalum Project - Critical Elements Lithium has entered into a mining lease with the Quebec Minister of Natural Resources and Forests for the Rose Lithium-Tantalum project. The mining lease is granted under the Quebec Mining Act and gives the holder the right to mine mineral substances for the Rose Lithium-Tantalum project. The mining lease is granted for a period of 20 years. The mining lease represented one of the very last steps in bringing the Rose Lithium-Tantalum project to reality. Critical Elements' Rose Lithium-Tantalum project is one of the most advanced hard rock lithium projects in North America, having achieved key milestones: The Pikhuutaau Agreement, an impact and benefits agreement for the development and operation of the Rose Lithium-Tantalum project, signed with the Cree Nation of Eastmain, the Grand Council of the Crees and the Cree Nation Government in July 2019; A favorable decision statement from the federal Minister of the Environment and Climate Change, issued in August 2021 following the thorough environmental assessment conducted by the Joint Assessment Committee, comprised of representatives from the Impact Assessment Agency of Canada and the Cree Nation Government; The approval by the Quebec Minister of Natural Resources and Forests of the rehabilitation and restoration plan concerning the Rose Lithium-Tantalum project, in May 2022; The receipt of the Certificate of Authorization under Section 164 of Quebec's Environment Quality Act, in November 2022, following the environmental and social impact assessment and review procedure under the responsibility of the Environmental and Social Impact Review Committee.
|
VIRI | Hot Stocks07:20 EDT Virios Therapeutics terminates at-the-market sales agreement - Virios Therapeutics provided notice of termination of the Capital on Demand Sales Agreement entered into between the Company and JonesTrading Institutional Services LLC on July 14, 2023. The Company has initiated the 10-day termination process under the Sales Agreement, with the official termination taking effect on September 28, 2023. The Company will make no sales under the Sales Agreement during this period. The Company's management team is currently focusing its attention on short-to-medium term operational priorities that are within the current operating budget, including: Providing an additional grant to conduct a second Long-COVID study with the Bateman Horne Center. This new study is planned as a double-blinded, placebo-controlled assessment of IMC-2 in Long-COVID. Exploring opportunities for non-dilutive funding to support further IMC-2 development. Preparing for a Pre-Investigational New Drug meeting with the Food & Drug Administration to discuss IMC-2 as a potential treatment for Long-COVID and other fatigue related disorders. Prosecuting a patent application covering the treatment of Long-COVID and Alzheimer's disease with combination antiviral formulations. Exploration of potential partnerships for both the fibromyalgia and Long-COVID Programs.
|
VRNOF | Hot Stocks07:16 EDT Verano launches Round Up for Cannabis Reform dispensary donation program - Verano Holdings announced the launch of the Company's Round Up for Cannabis Reform dispensary donation program benefitting The Weldon Project's Mission Green and the non-profit organization's advocacy for cannabis-related criminal justice reform. Round Up for Cannabis Reform allows guests at 127 of Verano's signature Zen Leaf and MundefinedV dispensaries across 12 states to round up purchases to the nearest dollar to directly support Mission Green's cannabis clemency, advocacy, and criminal justice reform initiatives.
|
DCGO | Hot Stocks07:15 EDT DocGo CEO Anthony Capone resigns due to 'personal reasons' - In a regulatory filing on Friday night, DocGo disclosed that on September 15, effective immediately, Anthony Capone resigned as the Chief Executive Officer of the company and from all other positions with the company "due to personal reasons." On September 15, the board of directors of the company appointed Lee Bienstock, the company's current President and Chief Operating Officer, as the CEO of the company, effective immediately. "The position of President and Chief Operating Officer will remain vacant," the filing stated.
|
LFSWF FLGC | Hot Stocks07:14 EDT Lifeist Wellness to sell Australian Vaporizers to Flora Growth for $1.9M - Lifeist Wellness (LFSWF) entered into a definitive share purchase agreement with Flora Growth Corp. (FLGC) to divest and sell Australian Vaporizers, its wholly owned Australian subsidiary, to Flora for a purchase price of $1.9M, subject to certain adjustments. The transaction is expected to close in late September or early in the fourth quarter of 2023. Pursuant to the terms of the SPA dated September 17, 2023 entered into between Lifeist, as vendor, and Flora Growth Corp, as purchaser, Lifeist will sell all of the issued and outstanding shares of Australian Vapes to Flora, for total consideration valued at $1.9M, payable by Flora issuing from treasury to the Company 600,676 Flora common shares, subject to a cash balance, working capital and inventory and inventory deposits adjustment on the closing date as set out in the SPA. The transaction constitutes a "Reviewable Transaction" pursuant to the policies of the TSXV and as such remains subject to the approval of the TSXV. The Transaction does not involve any Non-Arm's Length Parties. Kronos Capital Partners is acting as financial advisor to Lifeist.
|
BTG | Hot Stocks07:13 EDT B2Gold provides update for Goose Project in Nunavut, Canada - B2Gold provides a construction update on the Goose Project, located in the 100% owned Back River Gold District in Nunavut, Canada. B2Gold acquired the Back River Gold District as part of the acquisition of Sabina Gold & Silver in April 2023. Goose Project Update Highlights: Goose Project on schedule for first gold pour in Q1 2025; Construction capital expenditures remain in line with June 2023 estimate of C$800 million; Accelerated underground mining plan adopted to increase average gold production in the first five years to over 300,000 ounces per year; Concrete and steel work in the mill area progressing ahead of schedule; Phase 1 of the accommodation complex opened in July 2023; Earthworks necessary to extend airstrip to be completed in September 2023; Winter ice road preparations are well underway; 11,000 meters of drilling over 44 drill holes has been completed to date in 2023 at Back River.
|
OCANF | Hot Stocks07:12 EDT OTC Markets Group welcomes OceanaGold to OTCQX - OTC Markets Group announced OceanaGold Corp has qualified to trade on the OTCQX Best Market. OceanaGold Corp. upgraded to OTCQX from the Pink market.
|
BCRX | Hot Stocks07:12 EDT BioCryst announces INESSS recommended public reimbursement for ORLADEYO - BioCryst Pharmaceuticals announced that the Institut national d'excellence en sante et services sociaux, INESSS, has issued a positive recommendation for PrORLADEYO to be reimbursed for the prevention of hereditary angioedema, HAE, attacks in adults and pediatric patients 12 years of age and older in Quebec. "We are committed to bringing ORLADEYO to as many Canadians living with HAE as possible. This announcement from INESSS, which follows the positive recommendation from CADTH earlier this year, takes us one step closer to making our oral, once-daily therapy available to Canadians who are in need of a new option to help improve control of their HAE attacks," said Anand Janack, vice president and general manager of BioCryst Canada.
|
SLI | Hot Stocks07:10 EDT Standard Lithium files technical report for South West Arkansas Project - Standard Lithium announces that the Preliminary Feasibility Study for the South West Arkansas Project, as announced on August 8, 2023, has been filed. The Company anticipates completing a FEED and Definitive Feasibility Study for the SWA Project in 2024 and beginning construction in 2025. Commercial production is expected in 2027, subject to continuing project definition, due diligence, project financing and receipt of future feasibility studies.
|
TNXP | Hot Stocks07:09 EDT Tonix Pharmaceuticals presents non-clinical studies on TNX-1900 - Tonix Pharmaceuticals announced that David Yeomans, Ph.D. presented data relevant to the proposed mechanism of TNX-1900 in treating chronic migraine in a poster and an oral presentation at the 2023 International Headache Congress, being held September 14-17, 2023, in Seoul, South Korea. The poster and oral presentation titled, "Human trigeminal ganglia possess oxytocin receptors on CGRP positive neurons: expression increased by inflammation," include research sponsored by and licensed to Tonix Pharmaceuticals. The presentations show that oxytocin receptors are co-expressed with calcitonin gene-related peptide on human trigeminal ganglia neurons, which is similar to Professor Yeomans' previous findings in animal trigeminal ganglia. The inflammatory cytokine IL-6 upregulated expression of oxytocin receptors on human trigeminal neurons, consistent with the previously observed impact of inflammation on the potency of oxytocin. In animals, oxytocin has been shown to functionally inhibit the excitability of trigeminal neurons, which is consistent with oxytocin inhibiting the release of CGRP at trigeminal nerve terminals.
|
ORGN | Hot Stocks07:09 EDT Origin Materials gets BioMADE funding for DoD sustainability goals - Origin Materials announced that it has been awarded funding from BioMADE, a Manufacturing Innovation Institute catalyzed by the U.S. Department of Defense. BioMADE announced a suite of projects last week that aim to aid in the advancement of Department of Defense supply chain resiliency and sustainability goals, re-shore manufacturing jobs to the United States, and enhance the domestic bioindustrial manufacturing ecosystem. Origin Materials is one of nine projects announced by BioMADE, totaling $18.7M in funding. As part of its project, Origin will leverage its technology platform to develop samples of bio-based polymers and bio-based carbon black, which can be used to make more sustainable tires and other products, which could support Department of Defense fleet decarbonization efforts.
|
ELOX | Hot Stocks07:08 EDT Eloxx reports independent confirmation of TEM assessment results - Eloxx Pharmaceuticals reported additional independent confirmation on the positive TEM assessment results from its proof-of-concept Phase 2 open-label clinical trial of ELX-02 for the treatment of Alport syndrome after eight weeks of treatment. Visual assessment of TEM images from kidney biopsies showed an improvement in foot process effacement in all three treated patients consistent with disease regression. Additional independent confirmation has now been reported. The qualitative assessment of images of pre- and post-treatment kidney biopsies from the three patients in the Phase 2 clinical trial noted: Patient 4401-01 and Patient 4401-02: All images showed more regions of glomerular basement membranes in post-treatment biopsies covered by intact foot processes, consistent with partial improvement of podocyte injury in those biopsies. As previously announced, Patient 4401-02 achieved remission based on Urine-Protein Creatine ratio. Patient 4402-01: Post-treatment images showed wider areas of intact foot processes compared with either pre- or post-treatment images for Patient 4401-01 and Patient 4401-02. These findings are generally consistent with previous assessments, providing stronger evidence of protein restoration and the disease modifying effect of ELX-02 and potential for improvement in proteinuria with longer duration of treatment.
|
CLVT | Hot Stocks07:08 EDT Clarivate terminates tax benefits preservation plan - Clarivate announced that its Board of Directors unanimously approved the termination of the company's tax benefits preservation plan, which was originally put in place in December 2022 and was set to expire October 31, 2023, was designed to protect the availability of Clarivate's U.S. net operating loss carryforwards and certain other U.S. tax attributes. The Tax Benefits Preservation Plan will expire as of end of day October 1, 2023.
|
GRTX | Hot Stocks07:07 EDT Galera Therapeutics schedules Type A meeting with FDA for avasopasem - Galera Therapeutics announced that a Type A Meeting has been scheduled for September 28, 2023 with the U.S. Food and Drug Administration regarding the Complete Response Letter received for the Company's New Drug Application for avasopasem manganese. The FDA is expected to issue written meeting minutes approximately 30 days following the meeting. The Company intends to gain an understanding from the FDA of its evaluation of avasopasem for radiotherapy-induced severe oral mucositis in patients with head and neck cancer undergoing standard-of-care treatment and next steps to support an NDA resubmission. The Type A Meeting is the highest priority classification of meeting that the FDA grants to NDA sponsors.
|
ACRS | Hot Stocks07:07 EDT Aclaris Therapeutics announces results from Phase 1 MAD trial of ATI-2138 - Aclaris Therapeutics announced positive results from ATI-2138-PKPD-102, a Phase 1 Multiple Ascending Dose, MAD, trial of the investigational compound ATI-2138. Preliminary data from the MAD trial demonstrated: that ATI-2138 was generally well tolerated at all doses tested in the trial; that ATI-2138 had dose proportional pharmacokinetics; and a dose-dependent inhibition of both ITK and JAK3 exploratory pharmacodynamic biomarkers, with near maximal inhibition achieved at the 30 mg total daily dose. Based on these results, Aclaris will progress this program into a Phase 2a proof of concept study in patients with ulcerative colitis, its previously announced intended first clinical development target, and anticipates initiation of the trial in early 2024. Aclaris is also exploring the potential of conducting a second proof of concept trial in an additional T cell-mediated autoimmune disease. "The advancement of ATI-2138 to proof-of-concept stage of development marks yet another example of the strength of our world class discovery group and the KINect platform," stated Doug Manion, M.D., Aclaris' Chief Executive Officer. "It is a rarity for a biotech company of our size to be armed with a productive discovery engine and expertise that rivals larger pharmaceutical companies."
|
NVRO | Hot Stocks07:07 EDT Nevro announces publication of data from study of 10 kHz Therapy - Nevro announced the publication of new data validating the health economic benefits of 10 kHz Therapy, Nevro's proprietary high-frequency,10 kHz spinal cord stimulation therapy. This data was derived from studies and analyses that evaluated health care utilization - doctor visits, medical procedures, tests and emergency room visits, and medication costs - and related cost data, including inpatient and outpatient service, medication, and out-of-pocket costs. Results from a study evaluating the effect of 10 kHz Therapy on resources needed to manage and care for patients with painful diabetic neuropathy were published in the Journal of Managed Care & Specialty Pharmacy. Study participants were randomly assigned to 10 kHz Therapy or conventional medical management, with outcomes measured at six months. Results showed that the 10 kHz Therapy arm experienced about half the mean rate of hospitalizations per patient compared to the CMM group (0.08 vs. 0.15). Additionally, the CMM group's total healthcare costs per patient were approximately 51% higher compared to the 10 kHz Therapy group (equivalent to a mean annual cost per patient of $9,532 vs. $6,300).
|
BRY | Hot Stocks07:06 EDT Berry Corporation raises FY23 average daily boe/d to 24,800 to 25,400 - From 24,000 to 25,000
|
BRCC | Hot Stocks07:06 EDT Black Rifle Coffee appoints Danya Kennedy as Chief Revenue Officer - Black Rifle Coffee announced the appointment of Danya Kennedy as Chief Revenue Officer. In her role, Danya will support the Company's efforts to further build on its strong brand momentum and drive profitable, sustainable growth across channels. "Danya brings an immense amount of experience to BRCC, and I am excited to welcome her to our executive team," said Evan Hafer, Founder and Co-CEO of Black Rifle Coffee. "As we continue to strengthen our management team, Danya's experience will be incredibly beneficial as we look to expand to new markets and continue to build towards sustainable, profitable growth over the long term."
|
NFYEF | Hot Stocks07:05 EDT NFI Group says CapMetro executes option for 26 Xcelsior CHARGE NG buses - NFI Group announced that the Capital Metro Transportation Authority has executed an option for 26 zero-emission battery-electric Xcelsior CHARGE NG 40-foot transit buses via the existing five-year contract with NFI subsidiary New Flyer of America. Originally announced in November 2021, the contract includes up to 126 40-foot and up to 15 60-foot battery-electric buses. NFI added a firm order for the 26 40-foot electric vehicles (EVs) to its backlog in the second quarter of 2023.
|
EPIX... | Hot Stocks07:05 EDT Essa Pharma initiates Phase 2 study of masofaniten/enzalutamide combo - Essa Pharma (EPIX) announced the initiation of the Phase 2 portion of its Phase 1/2 study evaluating its lead candidate, masofaniten, a first-in-class N-terminal domain androgen receptor inhibitor, in combination with Astellas (ALPMY) and Pfizer's (PFE) antiandrogen enzalutamide in patients with metastatic castration-resistant prostate cancer naive to second-generation antiandrogens. Updated results from the first four cohorts of patients from the Phase 1 dose escalation portion of the Phase 1/2 study have been selected for a poster presentation at the upcoming European Society of Medical Oncology Congress taking place October 20-24, 2023, in Madrid, Spain.
|
BRY | Hot Stocks07:05 EDT Berry Corporation completes acquisition of Macpherson Energy - Berry Corporation announced that it has successfully completed the acquisition of Macpherson Energy Corporation, a privately held Kern County, California operator, previously announced in June. The Company has also updated its guidance for the full-year 2023 in connection with the acquisition. "Macpherson's high-quality, low decline oil producing properties are a complementary fit with Berry's existing portfolio and demonstrates Berry's disciplined approach to consolidation with a focus on value creation and accretion. This transaction is immediately accretive to Berry in both production and cash flows, supports our overall strategic plan to efficiently maintain our California production, and is expected to enhance our cash flows and shareholder returns," said Fernando Araujo, Berry's Chief Executive Officer. "We are well-positioned to be a consolidator of value creating opportunities in California and other basins with conventional reservoirs." Consideration for the Macpherson acquisition, primarily funded through a reduction in 2023 capital expenditures, comprised an all-cash purchase price of $70 million, $50 million of which was paid at closing and the remainder of which will be paid in July 2024. Berry funded the initial payment through a combination of cash on hand and funds drawn from our credit facility and expects the final payment to be funded similarly. The Company expects to repay the credit facility borrowings by the second half of 2024.
|
EYPT | Hot Stocks07:04 EDT EyePoint reports inducement grants under Nasdaq listing rule - EyePoint Pharmaceuticals announced that the Company granted non-statutory stock options to new employees as inducement awards outside the Company's 2023 Long-Term Incentive Plan in accordance with NASDAQ Listing Rule 5635(c)(4). The Company granted stock options to purchase up to an aggregate of 4,000 shares of EyePoint Pharmaceuticals common stock to two new employees. The stock options were granted on September 15, 2023. The grants were approved by the Compensation Committee and made as an inducement material to each employee entering into employment with EyePoint Pharmaceuticals in accordance with NASDAQ Listing Rule 5635(c)(4). The option awards have an exercise price of $10.48 per share, the closing price of EyePoint Pharmaceuticals' common stock on September 15, 2023. The options have a ten-year term and vest over four years, with 25% of the original number of shares vesting on the first anniversary of the applicable employee's date of grant and the remainder vesting in equal monthly installments over the following three years. Vesting of the options is subject to the employee's continued service with EyePoint Pharmaceuticals through the applicable vesting dates.
|
ORTX | Hot Stocks07:04 EDT Orchard Therapeutics announces FDA accepted BLA for OTL-200 in MLD - Orchard Therapeutics announced the U.S. Food and Drug Administration, FDA, has accepted the filing of its Biologics License Application, BLA, for OTL-200 in metachromatic leukodystrophy, MLD, under Priority Review. The agency has set a Prescription Drug User Fee Act, PDUFA, goal date of March 18, 2024. "Today is another significant step forward for patients and families in the U.S. impacted by this devastating and cruel disease who for too long have dealt with the unimaginable burden of going through the diagnostic odyssey, being told there were no treatments beyond supportive care, and then having to watch their child slip away," said Bobby Gaspar, M.D., Ph.D., co-founder and chief executive officer of Orchard Therapeutics. "We look forward to collaborating with the FDA throughout the review and evaluation of our application. Due to the nature of the disease and the urgency to treat children affected by MLD, we are working diligently in parallel to prepare for a potential launch in 2024 and ensure OTL-200 will be available to patients in the U.S. as quickly as possible."
|
CNI | Hot Stocks07:03 EDT CN launches Rail Safety Week awareness campaign - CN launched its annual Rail Safety Week awareness campaign. The Company joins groups across North America to raise awareness of the danger of unsafe behaviour around railway property. From September 18-24, CN Police Service, along with many CN employees, will share important rail safety messages in communities across CN's network to help prevent accidents and injuries.
|
DNA | Hot Stocks07:03 EDT Ginkgo Bioworks, Factorial Biotechnologies announce new collaboration - Factorial Biotechnologies and Ginkgo Bioworks announced a new collaboration. Through this partnership, Factorial will leverage Ginkgo Enzyme Services to develop a novel isothermal DNA polymerase for use in Factorial's single-cell next-generation sequencing library prep kit. Given its extensive expertise in this space, Ginkgo is providing these services under its success-based pricing model, created to help companies de-risk their research and development efforts. To support this promising technology, Ginkgo will lead a campaign in P. pastoris to develop a novel enzyme - isothermal DNA polymerase - instrumental to Factorial's innovative NGS library prep kit. Ginkgo's advanced ultra high throughput screening methods can help identify unique enzymes and valuable reagents with desired activity and functions for innovative life science tools and research. Performing discovery and high throughput screening in Ginkgo's proprietary P. pastoris expression system enables synergy between early innovation and manufacturability of these valuable reagents.
|
BDTX | Hot Stocks07:02 EDT Black Diamond Therapeutics appoints Velleca as CEO - Black Diamond Therapeutics announced that current Chairman of the Board, Mark Velleca, M.D., Ph.D., has been appointed as Chief Executive Officer, CEO, effective immediately. Dr. Velleca succeeds Company CEO and co-founder, David M. Epstein, Ph.D., who has stepped down and will continue to serve on the Board of Directors of the Company. Dr. Velleca joined the Board of Directors of Black Diamond in 2021 and became Chairman of the Board in 2022.
|
PLYM | Hot Stocks07:02 EDT Plymouth Industrial REIT sells Chicago industrial building for $19.9M - Plymouth Industrial REIT sold its 306,552-square-foot industrial building at 6510 West 73rd Street in Chicago for $19.9M to an undisclosed owner-user. Plymouth's net proceeds after the payoff of a $5.8M mortgage secured by the property and other adjustments are $13.9M. The Company intends to use the proceeds to pay down outstanding borrowings on its credit facility and fund its development program.
|
KYMR | Hot Stocks07:01 EDT Kymera Therapeutics receives U.S. FDA FTD for KT-333 - Kymera Therapeutics anounced that the U.S. Food and Drug Administration, FDA, has granted Fast Track designation , FTD, to KT-333 for the treatment of R/R Cutaneous T-cell Lymphoma, CTCL, and R/R Peripheral T-cell Lymphoma, PTCL. "The KT-333 Fast Track designation highlights the promise of degrading STAT3, a protein that has historically been undruggable, for the treatment of patients with CTCL and PTCL," said Jared Gollob, MD, Chief Medical Officer, Kymera Therapeutics. "We look forward to providing an update on the KT-333 Phase 1 clinical trial later this year, including initial evaluation of its antitumor activity in the target patient populations, and to working with the lymphoma community to rapidly advance this first-in-class heterobifunctional degrader in CTCL and PTCL in addition to exploring its potential in other cancers."
|
RDHL | Hot Stocks07:01 EDT RedHill Biopharma announces FDA sNDA approval for Talicia - RedHill Biopharma announced the U.S. FDA approval of its supplemental new drug application for Talicia, allowing a change to a more flexible three times daily, taken at least 4 hours apart with food, dosing regimen for H. pylori eradication. This differs from the previously approved dosing regimen, which required dosing every eight hours with food, by enabling patients to follow a convenient "breakfast, lunch and dinner" dosing routine, which may support increased patient adherence and optimize the potential for successful H. pylori eradication.
|
NVS | Hot Stocks06:48 EDT Novartis' Sandoz receives positive CHMP opinion for biosimilar trastuzumab - Sandoz, a Novartis division, announced that the Committee for Medicinal Products for Human Use, or CHMP, of the European Medicines Agency has adopted a positive opinion recommending marketing authorization for their biosimilar trastuzumab, developed by EirGenix, Inc. The positive opinion for Sandoz trastuzumab, a monoclonal antibody, covers treatment of human epidermal growth factor receptor 2 positive breast cancer and metastatic gastric cancers, the same indications as approved by EMA for the reference biologic.
|
BNTX | Hot Stocks06:46 EDT BioNTech, CEPI partner to advance mRNA-based vaccine candidates - BioNTech and the Coalition for Epidemic Preparedness Innovations announced a strategic partnership to advance mRNA-based vaccine candidates with the development of BNT166 for the prevention of mpox, an infectious disease that can lead to severe, life-threatening complications. Mpox gained global attention in May 2022 with an increasing number of cases that then developed into an international outbreak.1,2 CEPI will provide funding of up to $90M to support the development of mRNA-based vaccine candidates. The mpox vaccine program BNT166 is part of BioNTech's efforts to develop novel prophylactic vaccines for a range of infectious diseases with a high medical need, including indications that are disproportionally prevalent in lower-income countries. Since the eradication of smallpox in 1980, the global population-level immunity against the Orthopoxvirus viral family, including mpox, has been waning3. BioNTech is aiming to develop a prophylactic mRNA-based mpox vaccine with a favorable safety profile that can be manufactured at scale. The strategic partnership between BioNTech and CEPI is aiming to contribute to CEPI's 100 Days Mission, a global goal to accelerate development of well-tolerated and effective vaccines against a potential future pandemic virus so that a vaccine can be ready for regulatory authorization and manufacturing at scale within 100 days of recognition of a pandemic pathogen. This mission is spearheaded by CEPI and embraced by the G7, G20, and industry leaders. The partnership between BioNTech and CEPI could help accelerate responses to future outbreaks caused by viruses of the Orthopoxvirus viral family in several ways. For example, advancing the development of an mRNA-based mpox vaccine candidate, if successfully approved and authorized, could help provide larger supplies of vaccines for use against future mpox outbreaks. In addition, the data generated could contribute to the rapid development of mRNA-based vaccines against future outbreaks caused by Orthopoxviruses.
|
HUT | Hot Stocks06:34 EDT Hut 8 Mining provides update on USBTC combination - Hut 8 Mining announced that, in connection with its previously announced business combination with U.S. Data Mining Group, or USBTC, to be effected by way of a court-approved plan of arrangement under the Business Corporations Act, the Supreme Court of British Columbia has issued a final order approving the Arrangement. Pursuant to the Transaction, Hut 8 and USBTC will combine in an all-stock merger of equals and the combined company will be named Hut 8 Corp. and be a U.S.-domiciled entity. Closing of the transaction remains subject to certain conditions, including USBTC's registration statement becoming effective, the approval of USBTC's stockholders, and other closing conditions customary in transactions of this nature. If all necessary conditions to the completion of the transaction are satisfied or waived, it is expected that the Transaction will be completed during the fourth quarter of 2023. New Hut intends to list its shares on Nasdaq and the TSX under the trading symbol "HUT" following the completion of the Transaction, subject to the approval of Nasdaq and the TSX. The company reminds registered shareholders to promptly deliver a duly completed and signed letter of transmittal to Computershare Investor Services Inc., in order to receive their shares of New Hut common stock upon closing of the Transaction.
|
VERV | Hot Stocks06:34 EDT Verve Therapeutics names Frederick Fiedorek, M.D., as Chief Medical Officer - Verve Therapeutics announced the appointment of Frederick "Fred" Fiedorek, M.D., as chief medical officer. Andrew Bellinger, M.D., Ph.D., the current chief scientific officer and CMO, will transition to the role of CSO. Dr. Fiedorek has more than 20 years of experience in clinical development and leadership, primarily in therapeutic areas such as diabetes, cardiovascular disease and endocrine/metabolic diseases. Prior to Verve, he held CMO roles at Rhythm Pharmaceuticals, Intarcia Therapeutics and a stealth company within Atlas Venture.
|
NXU | Hot Stocks06:33 EDT Nxu Inc. announces first megawatt+ charging site along major highway corridor - Nxu Inc. is under contract to purchase the site for its first deployment of megawatt+ charging, in Quartzsite, Ariz. Located on a major highway corridor immediately off exit 19 on Interstate 10, the Nxu One Megawatt+ Charging location will provide a much-needed charging experience for the growing number of consumer and commercial EVs regularly traveling on this major freeway between Phoenix and Los Angeles. The Nxu One Charging System is the only universal, dual-technology solution available for public charging. With a liquid-cooled charging handle, it is designed to support up to 4.5MW of bi-directional DC power and up to 50kW of bi-directional AC power. Nxu One adapts to the vehicle, charging as fast and as powerful as the vehicle will allow - whether that's a Chevy Bolt or an EV semi. A seamless cloud experience provides charging monitoring and payment solutions.
|
VIAV | Hot Stocks06:32 EDT Viavi, partners awarded funding for three projects - Viavi announced that the company is part of three consortia that have won funding in the Open Networks Ecosystem, or ONE, competition sponsored by the U.K. Department of Science, Innovation and Technology, or DSIT. Viavi and partners submitted successful bids for HiPer-RAN led by University of Surrey, REACH led by University of York, and ARIANE led by Telecom Infra Project.
|
IMGN CCCC | Hot Stocks06:31 EDT ImmunoGen names Lauren White as CFO - ImmunoGen (IMGN) announced that Lauren White has been appointed Senior Vice President and CFO. White has over 20 years of international experience in corporate finance, strategic partnering, accounting, and investor relations. She joins ImmunoGen from C4 Therapeutics (CCCC), where she served as CFO, Treasurer, and Principal Accounting Officer, developing and leading the company's financial strategy and operations.
|
NAAS | Hot Stocks06:29 EDT NaaS joins Nasdaq Golden Dragon China Index - NaaS announced its inclusion in the Nasdaq Golden Dragon China Index, making it one of nine new energy companies and the only EV charging service company to be part of this index.
|
CAE | Hot Stocks06:27 EDT CAE, Air Europa announce long-term agreement - CAE and Air Europa announced that they are building on their longstanding partnership with a long-term agreement to provide pilot and cabin crew training in Madrid, Spain. As part of this agreement, CAE will deploy a B737NG full-flight simulator, or FFS, at its Madrid training center in October. The latest-generation CAE 7000 XR-Series Level D FFS will provide an immersive pilot training experience and add training capacity to support the growth of Air Europa and Air Europa Express. In addition, CAE Madrid will become Air Europa's cabin crew training base, with a new B787 door trainer bringing new capabilities to the center.
|
CODA | Hot Stocks06:05 EDT Coda Octopus reports increase in purchase contract value - Coda Octopus is reporting an increase in purchase contract value under one of its subsidiary's longstanding key Defense Programs. Coda reported that in September 2023, its subsidiary, Coda Octopus Colmek, received orders for approximately $1M for the production of proprietary sub-assemblies and support relating to one of its longstanding Defense Programs. The company also reported that it has now received a total of $2.9M in orders from this Program alone in fiscal year 2023.
|
LICY | Hot Stocks06:03 EDT Li-Cycle, Glencore accelerate plans for European recycling hub - Li-Cycle and Glencore International AG, a wholly-owned subsidiary of Glencore plc, a leading producer, announced plans for a two-phase approach to the Portovesme Hub project in Sardinia, Italy to expedite the production of battery-grade lithium carbonate. Phase 1 is designed to process up to 11,000 tonnes of black mass annually and, subject to receipt of all final regulatory approvals and definitive agreements, is expected to start operations in the first half of 2024, accelerating the recovery of lithium carbonate and strengthening Li-Cycle's first-mover advantage in Europe. The capital efficient Phase 1 project is expected to produce up to 1,500 tonnes of lithium carbonate, as well as up to 3,000 tonnes of contained nickel and up to 500 tonnes of contained cobalt per year. The previously announced Portovesme Hub project plan remains the same. The company expects the Phase 2 facility to have 50,000 to 70,000 tonnes of black mass processing capacity, and to produce up to 16,500 tonnes of lithium carbonate, as well as up to 18,000 tonnes of contained nickel and 2,250 tonnes of contained cobalt per year. Phase 2 is expected to be the final long-term plan and capacity for the facility. The Portovesme Hub is being designed to be able to process all forms of lithium-ion based black mass, including lithium iron phosphate materials.
|
HL | Hot Stocks06:01 EDT Hecla Mining provides update on Lucky Friday mine - Hecla Mining announced an update regarding the Lucky Friday mine on the previously reported fire in the mine's secondary egress, the #2 shaft. The fire has been extinguished, normal ventilation has been established, and the workforce has been recalled. The company is bringing the mine back into production by developing a new secondary egress to bypass the damaged portion of the shaft. The new egress will extend an existing ramp 1,600 feet and install a 290-foot-long manway raise. It is anticipated this work will suspend production for the remainder of 2023. The mine has produced 3 million ounces of silver as of the end of July 2023. Currently, the company does not expect a material change to 2024 consolidated silver production guidance. The company has property insurance with an underground sub-limit of $50M and believes this policy will cover most of the property damage and business interruption, less the deductible.
|
AMZN | Hot Stocks05:30 EDT Amazon announces Prime Big Deal Days - Prime members can start their shopping early this upcoming season with Amazon's Prime Big Deal Days, beginning on October 10 at 3 a.m. EDT and running through October 11. Amazon will make it easier for Prime members to find deals they're interested in with personalized recommendations based on past purchases, browsing history, and items saved to their Lists.
|
KKR | Hot Stocks05:27 EDT KKR to sell stake in GreenCollar to Ontario Teachers, terms undisclosed - Ontario Teachers' Pension Plan and KKR announced the signing of a definitive agreement under which Ontario Teachers' will acquire KKR and other shareholders' stakes in GreenCollar, an Australian environmental markets platform. Financial terms of the transaction were not disclosed.
|
LAD | Hot Stocks05:25 EDT Lithia & Driveway to acquire UK motor, fleet management divisions of Pendragon - Lithia & Driveway announced that it intends to enter a strategic partnership with Pinewood Technologies and acquire the UK motor and fleet management divisions of Pendragon, the UK's third largest automotive dealership group. This acquisition will round out Lithia's presence in the UK market and is expected to generate over $4.5B in annual revenues. Lithia and Pendragon have signed agreements to enter a strategic partnership with Pinewood Technologies and for Lithia to acquire Pendragon's UK motor division and vehicle management division. As part of the agreement, the ongoing Pendragon business, comprised of the Pinewood DMS platform, will remain listed on the London Stock Exchange under the name Pinewood Technologies and will become pure play software as a service business with its profitable Pinewood dealer management system. Lithia's UK operations will grow their digital capabilities by adopting the Pinewood technology platform across all locations. Additionally, Lithia and Pinewood Technologies, through a joint venture, will co-develop automotive technology solutions to capitalize on the North American market opportunity. Lastly, Lithia will take a 16.7% ownership in the remaining Pinewood business at completion of the transaction. The acquisition of Pendragon Vehicle Management immediately adds a fleet management services business to Lithia. This business-to-business fleet management model will start the foundation for global growth in this adjacency. PVM's experienced leadership team will continue leading the business with a focus on growth.
|
ESLT | Hot Stocks05:19 EDT Elbit Systems awarded $95M contract to supply SkyStriker munitions - Elbit Systems announced that it was awarded a $95M contract to supply SkyStriker loitering munitions to a European country. The contract will be carried out over a period of two years.
|
GILD | Hot Stocks05:14 EDT Kite announces Alycante study met primary endpoint - Kite, a Gilead company, announced results from the Phase 2 Alycante study, led and sponsored by the French collaborative group LYSA/LYSARC, for use of its chimeric antigen receptor, or CAR, T-cell therapy Yescarta in patients with relapsed/refractory large B-cell lymphoma after one prior line of therapy who were deemed ineligible for high-dose chemotherapy and autologous stem cell transplantation. The full findings from the study were published in Nature Medicine. The Alycante study, a multicenter, open-label Phase 2 LYSA study, evaluated for the first time the efficacy and safety of Yescarta as a second-line therapy in 62 patients with R/R LBCL who were deemed ineligible for HDCT and ASCT. The study met its primary endpoint, with a complete metabolic response of 71% at 3 months versus 12% expected with standard of care. At six months, 59.7% of patients remained in CMR. CMR is defined as negative findings on a PET study during or following antitumor therapy. Best objective response and complete response rates were 91.9% and 82.3%, respectively. After a median follow-up of 12 months, median progression-free survival from infusion was 11.8 months, and 48.8% of patients evaluated were alive and progression-free at 12 months. Median overall survival was not reached. OS at 12 months was 78.3%. Yescarta showed an acceptable safety profile in this population, who are considered unfit for HDCT/ASCT; 8.1% and 14.5% experienced Grade 3-4 cytokine-release syndrome or Immune Effector Cell Associated Neurotoxicity Syndrome, respectively. In clinical practice, about half of patients with R/R LBCL are considered ineligible for HDCT/ASCT due to factors including advanced age, frailty, and coexisting medical conditions. The Alycante study included patients deemed ineligible for HDCT/ASCT because of age 65 years, high hematopoietic cell transplantation-specific comorbidity index score of 3, and/or prior ASCT.
|