Stockwinners Market Radar for October 10, 2023 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
CVCY CWBC | Hot Stocks21:30 EDT Community West Bancshares, Central Valley Community Bancorp to merge - Central Valley Community Bancorp (CVCY), headquartered in Fresno, California, together with its banking subsidiary, Central Valley Community Bank and Community West Bancshares (CWBC), parent company of Community West Bank , headquartered in Goleta, California, announced the signing of an Agreement of Reorganization and Merger, dated October 10, 2023, pursuant to which the companies will combine in an all-stock merger transaction. Under the terms of the agreement, Community West Bancshares will merge with and into Central Valley Community Bancorp and Community West Bank will merge with and into Central Valley Community Bank. Community West Bank's seven full-service banking offices in Santa Barbara, Ventura and San Luis Obispo Counties will combine with Central Valley Community Bank's 20 full-service Banking Centers in eight counties. The transaction is subject to customary closing conditions, including regulatory approvals and shareholder approval from both parties. The Central Valley Community Bancorp and Community West Bancshares boards of directors have unanimously approved the transaction, which is expected to close in the second quarter of 2024. Under the terms of the agreement, Community West Bancshares shareholders will be entitled to receive 0.79 shares of Central Valley Community Bancorp common stock for each share of Community West Bancshares common stock. The exchange ratio is fixed, and the value of the merger consideration will fluctuate based on Central Valley Community Bancorp's stock price. Central Valley Community Bancorp will assume the outstanding stock options of Community West Bancshares as part of the transaction. Based on the closing price of Central Valley Community Bancorp stock on October 10, 2023, the transaction is valued at $99.4 million, or $11.15 per Community West Bancshares common share. At the close of the transaction, the combined company will retain the banking offices of both banks and anticipates no branch closings as a result of the merger. Upon the closing of the merger the resulting company will assume the name of Community West Bancshares and Central Valley Community Bank will assume the name Community West Bank. The combined company's board of directors will have 15 directors, consisting of nine current directors from Central Valley Community Bancorp and six current directors from Community West Bancshares.
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PLTN | Hot Stocks21:00 EDT Plutonian Acquisition to merge with Big Tree Cloud International - Big Tree Cloud International announced that they have entered into a definitive merger agreement that will result in Big Tree Cloud to be operated under a holding entity named Big Tree Cloud Holdings Limited, an exempted company incorporated in Cayman Islands and to be traded on the Nasdaq Stock Market. The Proposed Transaction reflects an initial equity value of approximately $500M.
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CPA | Hot Stocks20:41 EDT Copa Holdings reports September traffic up 14.1% from last year - For the month of September 2023, Copa Holdings' capacity, or ASMs, increased by 13.6%, while system-wide passenger traffic, or RPMs, increased by 14.1%, compared to 2022. As a result, the system load factor for the month was 87.3%, 0.4 percentage points higher than September 2022.
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OPEN | Hot Stocks19:15 EDT Opendoor Technologies director Wu sells 500,000 common shares - In a regulatory filing, Opendoor Technologies director Eric Chung-Wei Wu disclosed the sale of 500,000 common shares of the company on October 9 at a price of $2.3981 per share.
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ACAQ | Hot Stocks19:08 EDT Athena Consumer Acquisitio to consider business combination deadline extension - Athena Consumer Acquisition announced that it has called the special meeting of its stockholders for October 20, 2023 to approve a proposed amendment to Athena's Amended and Restated Certificate of Incorporation, as amended, to provide Athena with the right to extend the date by which it must consummate a business combination up to three times for an additional one month each time, from October 22, 2023 to up to January 22, 2024. Stockholders of record as of the close of business on October 2, 2023, the record date for the Special Meeting, will be entitled to vote their shares at the Special Meeting either in person or by proxy. Notice of the Special Meeting was mailed on October 10, 2023 to stockholders and warrant holders of record as of the Record Date.
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MNOV | Hot Stocks19:01 EDT MediciNova discloses notice of allowance for new patent on MN-166 + Riluzole - MediciNova "announced that it has received a Notice of Allowance from the Canadian Intellectual Property Office for a pending patent application which covers the combination of MN-166, or ibudilast, and riluzole for the treatment of amyotrophic lateral sclerosis. Once issued, the patent maturing from this allowed patent application is expected to expire no earlier than November 2035. The allowed claims cover the use of the combination of MN-166 and riluzole for treating a patient diagnosed with ALS when administered in a tablet, a capsule, or a liquid dosage form. The allowed claims specifically cover the use of the combination of MN-166 and riluzole for slowing progression of disease in a patient diagnosed with ALS when administered in a tablet, a capsule, or a liquid dosage form. The allowed claims cover a wide range of doses and a range of dosing regimens for both MN-166 and riluzole."
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AAPL | Hot Stocks18:56 EDT Apple CFO sells $11.4M in common stock as part of option expiry - In a regulatory filing, Apple disclosed that its CFO Luca Maestri sold 63.7K shares of common stock on October 6th as part of option expiry in a total transaction size of $11.4M.
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AAPL | Hot Stocks18:55 EDT Apple COO sells $12.4M in common stock - In a regulatory filing, Apple disclosed that its COO Jeffrey Willimas sold 69.8K shares of common stock on October 6th in a total transaction size of $12.4M.
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ODV | Hot Stocks18:55 EDT Osisko Development receives EA Certificate for Cariboo Gold Project - Osisko Development announced that it has received an Environmental Assessment, or EA, Certificate for the Company's 100%-owned Cariboo Gold Project located in central British Columbia, Canada. The EA Certificate was granted by the Environmental Assessment Office of the Province of British Columbia and is supported by approval decisions from The Honourable George Heyman, Minister of Environment and Climate Change Strategy and The Honourable Josie Osbourne, Minister of Energy, Mines and Low Carbon Innovation. Receipt of the EA Certificate successfully concludes the EA process for the Project, which was launched in October 2019. The EA Certificate is the first step in the permitting process of the Cariboo Gold Project. As previously disclosed on May 8, 2023, the Company announced the signing of two landmark permitting agreements - the Process Charter and the Joint Information Requirements Table - which establish a defined regulatory process timeline and outline all agreed upon information requirements to support a robust permit application for submission.
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GATO | Hot Stocks18:25 EDT Gatos Silver reports Q3 silver production of 2.33M oz vs. 2.70M oz last year - Dale Andres, CEO of Gatos Silver, commented: "The CLG mine achieved strong production results in the third quarter, with the mill equaling the record throughput rate achieved last quarter. Consistent with the first half of the year, silver equivalent production in the third quarter and nine months tracked to the high end of our 2023 production guidance range. We are continuing to progress further life extension opportunities beyond 2030 by advancing conversion drilling of the South-East Deeps inferred resource and ramping up exploration efforts on near mine targets in the Los Gatos district."
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HPQ | Hot Stocks18:15 EDT HP Inc. raises annual dividend 5% to $1.1024 per share - For fiscal 2024, the company indicated that it expects to return approximately 100% of free cash flow through dividends and share repurchases. The HP Board of Directors has approved an increase to the planned annual dividend amount to $1.1024 per share, reflecting a 5% increase from the prior dividend. The balance is expected to be returned to shareholders through share repurchases.
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PRGS | Hot Stocks17:35 EDT Progress Software gets SEC subpoena seeking information on MOVEit Vulnerability - In a regulatory filing, Progress announced that it received a subpoena from the SEC seeking various documents and information relating to the MOVEit Vulnerability. As described in the cover letter accompanying the subpoena, at this stage, the SEC investigation is a fact-finding inquiry, the investigation does not mean that Progress or anyone else has violated federal securities laws, and the investigation does not mean that the SEC has a negative opinion of any person, entity, or security. Progress intends to cooperate fully with the SEC in its investigation.
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ARES VINP | Hot Stocks17:03 EDT Ares Management, Vinci Partners announce strategic partnership - Ares Management (ARES) and Vinci Partners (VINP) announced that they have reached an agreement to form a strategic partnership to accelerate the growth of Vinci's platform in Latin America and to collaborate on distribution, product development and other business opportunities. In connection with the formation of the Strategic Partnership, an affiliate of Ares will concurrently make a $100M investment in new convertible preferred shares to be issued by Vinci , subject to customary closing conditions. Ares and Vinci will collaborate on fundraising to seek to broaden each of the respective company's limited partner relationship networks within Brazil and globally. Ares and Vinci will explore launching co-branded products and investment strategies that leverage each platform's unique capabilities. Additionally, Ares and Vinci will collaborate on new investment opportunities in Latin America that could be suitable for the companies' respective investment strategies. Ares will provide Vinci with strategic guidance on investment strategy, investor relations, business operations, pursuit of strategic initiatives and other related functions with the goal of driving continued growth of the platform. In connection with the Investment and in order to drive success of the Strategic Partnership and connectivity between the platforms, a representative from Ares will be appointed to the Vinci Board of Directors.
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SILV | Hot Stocks17:01 EDT SilverCrest reports Q3 gold recovered 15,700 ounces - The company: Recovered 15,700 ounces of gold and 1.49 million ounces of silver, or 2.74 million silver equivalent ounces2; Sold 14,500 ounces of gold at an average realized price of $1,931/oz and 1.53 million ounces of silver at an average realized price of $23.41/oz, or approximately 2.68 million AgEq ounces sold generating $63.8 million of revenue. N. Eric Fier, CEO, commented, "Las Chispas continued to perform well in Q3, 2023 with 2.68 million oz AgEq sold for a total of 7.69 million oz AgEq sold in the first nine months of the year. This positions us to deliver on our 2023 guidance of 9.8-10.2 million oz AgEq sold. In August 2023, we filed and launched a Normal Course Issuer Bid and during the remainder of the quarter spent $7.1 million to buy back 1.5 million shares. This demonstrates our financial strength and commitment to return shareholder capital and to continue to invest in our unique and high-quality project. We remain well funded to execute on our Las Chispas growth initiatives with eight drill rigs operating and $81.7 million in treasury holdings ($70.0 million cash and $11.7 million bullion) at the end of the quarter, an increase from $59 million at the end of Q2, 2023."
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THO | Hot Stocks16:53 EDT Thor Industries increases dividend 7% to 48c - THOR Industries announced that its Board of Directors approved, at its October 10 meeting, an increase in the amount of THOR's regular quarterly dividend to 48c per share from 45c per share, an increase of approximately 7%. The regular cash dividend is payable on November 10 to shareholders of record at the close of business on November 1.
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INCY | Hot Stocks16:48 EDT Incyte brazilian affiliate submits authorization for pemigatinib to ANVISA - Knight Therapeutics announced that its Brazilian affiliate, United Medical, has submitted a marketing authorization application for pemigatinib to ANVISA, the Brazilian health regulatory agency, under the rare diseases approval pathway, for the treatment of adults with locally advanced or metastatic cholangiocarcinoma with a fibroblast growth factor receptor 2, or FGFR2, fusion or rearrangement that have progressed after at least one prior line of systemic therapy. Marketing authorization applications for pemigatinib have also been submitted previously in Colombia, Mexico and Argentina. Cholangiocarcinoma is the malignant neoplasm of the primary biliary tract, being the intrahepatic type localized in the biliary duct ramifications inside the liver. This kind of tumor is considered rare, and more than 50% of the patients are diagnosed in advanced disease stages. Knight has also submitted marketing authorization applications for tafasitamab in Colombia, Mexico and Argentina.
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BEN | Hot Stocks16:44 EDT Franklin Resources reports AUM of $1.37T at September 30 - Franklin Resources reported preliminary month-end assets under management of $1.37T at September 30, 2023, compared to $1.42T at August 31, 2023. This month's decrease in AUM reflected the impact of negative markets and slight long-term net outflows. For the quarter ended September 30, 2023, AUM reflected the negative impact of markets and long-term net outflows of $6.9B which include the previously disclosed $2.1B low-fee institutional redemption.
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RYAM | Hot Stocks16:41 EDT Rayonier Advanced Materials targets $325M in annual EBITDA over next 5 years - Rayonier Advanced Materials outlined its financial growth strategy during the 2023 Investor Day event earlier today. Key highlights of the presentation include the company's outlook as follows: "Core Cellulose Specialties business expected to benefit from recent capacity closure in the industry. Focus on generating free cash flow and repaying debt to position the Company to refinance its 2026 Notes in 2024. Investments to expand Biomaterials business provide compelling growth prospects financed with low-cost capital. Conducting strategic review of Temiscaming site including a potential sale of non-core businesses with proceeds expected to be applied toward debt reduction. Executing strategy to minimize negative EBITDA impact of commodity viscose and paper pulp products. Demonstrating a willingness to curtail production based on market conditions. Near-term hurdles with expected lower third-quarter results and guidance for the full year. A more detailed update to be provided at the next quarter earnings call in early November. Financial vision centered on achieving $325 million in annual EBITDA over the next five years."
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NVTA | Hot Stocks16:40 EDT Invitae to present data genetics-informed patient care at the NSGC conference - Researchers from Invitae are showcasing their work next week at the National Society of Genetic Counselors, or NSGC, 42nd Annual Conference in Chicago that highlights the importance of genetics-informed patient care. In addition to its research presentations, the company will present the Heart of Genetic Counseling Award which recognizes excellence in the field of genetic counseling. The company's research presentations, which include a sponsored session, oral presentations and posters, present data on improvements in classifying Variants of Uncertain Significance, how using digital tools can increase hereditary cancer screening access and other topics related to the field of medical genomics. The sponsored session will focus on the ever-evolving field of genetic counseling and the tools needed to navigate change through an interactive workshop using the odyssey planning framework.
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NVO | Hot Stocks16:40 EDT Novo Nordisk to stop kidney outcomes trial FLOW - Novo Nordisk announced the decision to stop the kidney outcomes trial FLOW (Effect of semaglutide versus placebo on the progression of renal impairment in people with type 2 diabetes and chronic kidney disease). The decision to stop the trial is based on a recommendation from the independent Data Monitoring Committee concluding that the results from an interim analysis met certain pre-specified criteria for stopping the trial early for efficacy. Based on the decision to stop the trial at interim, the process of closing the trial will be initiated. To protect the integrity of the trial, Novo Nordisk remains blinded to the results until trial completion. Novo Nordisk expects that FLOW will read out during the first half year of 2024.
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NGS | Hot Stocks16:38 EDT Natural Gas Services names Brian Tucker COO - Natural Gas Services Group announced that it has appointed industry veteran Brian L. Tucker to the position of President and Chief Operating Officer of the Company. Current Interim President and Chief Executive Officer Stephen C. Taylor resigned as President to allow Mr. Tucker to assume the position. Mr. Taylor remains Chairman of Board and Interim Chief Executive Officer. Tucker, most recently Senior Vice President, Operations at Patterson-UTI Energy Inc., brings nearly 20 years of oil field services experience to NGS. Prior to his position at Patterson-UTI, he was Executive Vice President and Chief Operating Officer of Pioneer Energy Services, Inc., which was acquired by Patterson-UTI in October 2021. "We are happy to welcome Brian to NGS as an integral part of the team", Mr. Taylor said. "His background and contributions will be valuable as we continue to build on the momentum of the Company."
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ME | Hot Stocks16:32 EDT 23andMe discloses user accounts data breach - 23andMe Holding Co. recently learned that certain profile information, which a customer creates and chooses to share with their genetic relatives in the DNA Relatives feature, was accessed from individual 23andMe.com accounts without the account users' authorization. Based on 23andMe's investigation, the company does not have any indication at this time that there has been a data security incident within its systems, or that 23andMe was the source of the account credentials used in these attacks. While the investigation is ongoing, the company believes the threat actor was able to access certain accounts in instances usernames and passwords that were used on 23andMe.com were the same as those used on other websites that had been previously compromised or otherwise available. 23andMe undertook immediate action in accordance with its incident response plan, including taking affirmative security measures to mitigate any potential impact of the incident, working to validate whether data that was accessed was legitimate data from the Website, and determining the full scope of data accessed by unauthorized individuals. 23andMe has retained third-party forensic experts to assist in an investigation of the cause and scope of the incident, and in mitigating and remediating the impact of the incident. 23andMe is fully cooperating with federal law enforcement in relation to this incident. 23andMe is currently working to confirm the scope of data accessed, and is investigating the nature of the personal data in question and any related legal obligations. 23andMe's investigation into these matters is preliminary and on going, and 23andMe is still discerning the implications of the incident.
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VCTR | Hot Stocks16:30 EDT Victory Capital reports AUM of $153.5B as of September 30 - Victory Capital reported assets under management of $153.5B as of September 30, 2023, and average assets under management for September of $158.1B. The company also reported long-term net flows in the third quarter of -$1.7B. During September, the Company consolidated INCORE's AUM of approximately $3.9B under Victory Income Investors. In addition, the company sold certain accounts totaling approximately $1.3B of AUM and the INCORE brand was decommissioned. The consolidation, elimination of the INCORE brand, and sale will not have a material impact on the company's financial results.
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SILK | Hot Stocks16:27 EDT Silk Road Medical CEO Erica Rogers plans to retire, following succession process - Silk Road Medica announced that CEO Erica Rogers plans to retire from the Company following the completion of a succession process. The Company is working with Spencer Stuart, a leading executive search firm. To ensure a smooth transition, Ms. Rogers will remain as President and CEO of the Company until her successor is appointed. "
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CLMT WFC | Hot Stocks16:26 EDT Calumet Specialty Products subsidiary signs agreement with Wells Fargo - Calumet Specialty Products Partners (CLMT) announced that Montana Renewables has entered into a Supply and Offtake Agreement with Wells Fargo (WFC). This Agreement replaces MRL's previous inventory financing agreement with Macquarie. The S&O Agreement streamlines the administration of MRL's inventory financing process, provides increased inventory advance rates, and has a three-year term.
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SSSS | Hot Stocks16:24 EDT SuRo Capital reports preliminary Q3 net assets per share $7.35 - SuRo Capital provided the following preliminary update on its investment portfolio for the third quarter ended September 30. As previously reported, SuRo Capital's net assets totaled approximately $186.7M, or $7.35 per share at June 30 and approximately $221.8M, or $7.83 per share at September 30. As of September 30, SuRo Capital's net asset value is estimated to be between $8.15 to $8.65 per share.
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AB | Hot Stocks16:24 EDT AllianceBernstein reports preliminary AUM down 4% to $669B as of September 30 - AllianceBernstein and AllianceBernstein Holding announced that preliminary assets under management, or AUM, decreased to $669B during September 2023 from $694M at the end of August. The 4% AUM decrease was primarily due to market depreciation, alongside net outflows. By channel, Retail net inflows were offset primarily by Institutional net outflows and modest Private Wealth net outflows.
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IVZ | Hot Stocks16:22 EDT Invesco reports preliminary AUM down 2.6% to $1.487T as of September 30 - Invesco reported preliminary month-end assets under management, or AUM, of $1.4873T, a decrease of 2.6% versus previous month-end. The firm delivered net long-term inflows of $1.6B in the month. Non-management fee earning net inflows were $2.7B and money market net inflows were $2.4B. AUM was negatively impacted by unfavorable market returns which decreased AUM by $43B. FX and reinvested distributions decreased AUM by $3.7B. Preliminary average total AUM for the quarter through September 30 were $1.5287T, and preliminary average active AUM for the quarter through September 30 were $994.5B.
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NGMS | Hot Stocks16:21 EDT NeoGames issues statement from CEO Moti Malul regarding Israel events - NeoGames issued a statement from Moti Malul, Chief Executive Officer, regarding the recent and ongoing events in Israel. "The entire NeoGames family is deeply saddened by the unspeakable events in Israel this past weekend. Our heartfelt condolences are with the victims and their families, friends and loved ones. We also wish to extend our sincere wishes for the full recovery of those that were wounded in the attacks. At NeoGames, employee safety and well-being is core to our culture. We are dedicated to doing our part in assisting families, friends and colleagues to cope with these appalling circumstances. We are providing any resources and support we can through the many initiatives that our employees and many others in the NeoGames family have volunteered to support.
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GSD | Hot Stocks16:19 EDT Global System Dynamics receives noncompliance notification from Nasdaq - Global System Dynamics announced that it has received written notification from the listing qualifications staff of Nasdaq indicating that the company has not regained compliance with the minimum market value of listed securities of $35M required for continued listing on Nasdaq as set forth in Nasdaq Listing Rule 5550.
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SLS | Hot Stocks16:19 EDT Sellas Life Sciences announces FDA grants ODD for SLS009 to treat AML - SELLAS Life Sciences Group announced that the U.S. Food and Drug Administration or FDA has granted Orphan Drug Designation ODD for SLS009, a novel and highly selective CDK9 inhibitor, for the treatment of acute myeloid leukemia AML. "We are honored to receive the ODD from the FDA. This designation underscores the potential of SLS009 to address a significant unmet medical need for patients with AML," said Angelos Stergiou, MD, ScD h.c., President and Chief Executive Officer of SELLAS. "SLS009 is a novel and highly selective CDK9 inhibitor that has already shown a favorable safety profile, strong initial efficacy signals, and evidence of anti-tumor activity. With the support of this ODD, we look forward to accelerating SLS009 clinical development and bringing new hope to those suffering from this devastating disease."
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ALG | Hot Stocks16:18 EDT Alamo Group acquires 100% of outstanding equity of Royal Truck & Equipment - Alamo Group announced that it has acquired 100% of the outstanding equity capital of Royal Truck & Equipment, a leading manufacturer of truck mounted highway attenuator trucks and other specialty trucks and equipment for the highway infrastructure and traffic control market. Royal Truck's annual revenue was approximately $40M in 2022 and the company had trailing twelve-month revenue of approximately $44M as of the end of August, 2023. Royal Truck prides itself on develops innovative products designed to improve road work zone safety. The company is based in Shoemakersville, Pennsylvania and has approximately 50 employees.
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ETWO | Hot Stocks16:17 EDT E2open sees Q3 GAAP subscription revenue $130M-$135M
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BMO | Hot Stocks16:17 EDT Bank of Montreal announces retirement of Dan Barclay - BMO Financial Group announced the upcoming retirement of its CEO & Group Head, Capital Markets, Dan Barclay, and the appointment of Alan Tannenbaum into the role. After a 32-year investment banking career, Barclay will transition to a role as senior advisor to the CEO. Tannenbaum will also join the bank's executive committee. Both changes are effective November 1. Tannenbaum will lead BMO Capital Markets and provide strategic direction on global markets and investment and corporate banking customer segments. He will report to Darryl White, CEO, BMO Financial Group. Tannenbaum will be succeeded in his current role by Brad Chapin who will serve as Interim Global Head, Investment & Corporate Banking.
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HYLN | Hot Stocks16:16 EDT Hyliion announces strategic review of alternatives for powertrain business - Hyliion Holdings "announced that it has engaged strategic expert advisors to explore a range of options for its powertrain business. The commercial vehicle electrification industry is evolving, with fleets committed to ultimately reducing their environmental footprint through practical solutions. Hyliion, like others, has experienced slower-than-anticipated market adoption as fleets undertake a gradual transition to electric trucks. Hyliion's ongoing participation in commercial vehicle electrification will require continued investment, while addressing escalating component and production costs, meeting ongoing regulatory requirements, and aligning with a new CARB mandate for fleet adoption of electric trucks. With the recent receipt of CARB certification and the beginning of extended fleet trials with customers, Hyliion has completed all milestones on its publicized path to commercialization of the Hypertruck ERX powertrain. Despite this progress, the company is taking steps to navigate the shifting landscape in commercial vehicle electrification. Hyliion will continue commercialization of the fuel-agnostic KARNO generator, which the company expects to compete effectively in the stationary generator market due to its superior operating characteristics. Given the rising strain on electrical infrastructure, notably from electric vehicles, the KARNO generator is positioned well to address these challenges. The insights and learnings from the powertrain segment further strengthen endeavors with the KARNO generator."
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TNET | Hot Stocks16:16 EDT TriNet announces collaboration with Healthee - At the HR Technology Conference & Exposition 2023, TriNet announced a collaboration with Healthee, an industry leader in AI-powered digital solutions that enhance the health and wellness experience. TriNet's partnership with Healthee will provide TriNet customers with exclusive access to Healthee's market leading solutions delivered directly to TriNet's customers. TriNet's strategic relationship with Healthee provides direct access to modern tools for benefits navigation, which help employees pick the right benefits for their families and better utilize their existing benefits.
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LUNG | Hot Stocks16:14 EDT Pulmonx announces CFO Derrick Sung leaving to pursue opportunity - Pulmonx announced that Derrick Sung has stepped down from his position as Chief Financial Officer to pursue another opportunity. Effective immediately, John McKune, Vice President, Corporate Controller, has been appointed Interim Chief Financial Officer. Dr. Sung, whose resignation is not due to any disagreement with the Company on any matter, including related to the Company's operations, policies, practices, financial reporting, or controls, will remain an employee of the Company through October 31 to facilitate a smooth transition, and the Company has initiated a search for a permanent Chief Financial Officer. The Company also announced preliminary revenue for the third quarter 2023."On behalf of our entire team, I would like to thank Derrick for his numerous contributions to Pulmonx. He has been instrumental in the successful execution of several financial and strategic initiatives, including our initial public offering in 2020. We wish him the best of luck in his next endeavor," said Glen French, President and Chief Executive Officer.
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TPST | Hot Stocks16:09 EDT Tempest Therapeutics to report new updated TPST-1120 data for HCC treatment - Tempest Therapeutics announced the company plans to report new and updated data from the global randomized Phase 1b/2 combination study of TPST-1120 with atezolizumab and bevacizumab in first-line treatment of hepatocellular carcinoma HCC in a premarket press release on Wednesday, October 11 followed by a webcasted conference call with associated slide presentation at 8:30 a.m. ET on Wednesday, October 11.
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CPIX | Hot Stocks16:09 EDT Cumberland announces publication on results of clinical study of Vibativ - Cumberland Pharmaceuticals announced a new publication in Antimicrobial Agents and Chemotherapy detailing the results of the first clinical study investigating the safety and pharmacokinetics of Vibativ, or telavancin, injection in children 2 to 17 years of age. Vibativ is an intravenous antibiotic approved by the FDA for the treatment of hospital-acquired and ventilator-associated bacterial pneumonia, or HABP/VABP, as well as complicated skin and skin structure infections, or cSSSIs, caused by certain gram-positive bacteria in adults2. This is the first reported study evaluating Vibativ in pediatric patients. This publication describes results of an open-label study aimed at characterizing a single 10 mg/kg dose of Vibativ in children 2 to 17 years of age who required systemic antibiotics for the treatment of a known or suspected bacterial infection. Of the 22 patients treated in the study, 14 were 12 to 17 years of age, 7 were 6 to 11 years of age and one was 2 years of age. The study found a single 10 mg/kg dose of Vibativ was safe with no serious adverse events or renal concerns. Drug exposure to Vibativ was lower in children compared with observations in adult patients.
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VKTX | Hot Stocks16:07 EDT Viking announces presentation on clinical trial of VK2735 at ObesityWeek 2023 - Viking Therapeutics announced that data from the company's Phase 1 single ascending dose, or SAD, and multiple ascending dose, or MAD, clinical trial of VK2735 will be highlighted as part of an oral presentation at ObesityWeek 2023, the annual meeting of The Obesity Society. VK2735 is a novel dual agonist of the glucagon-like peptide 1, or GLP-1, and glucose-dependent insulinotropic polypeptide, or GIP, receptors in development for the potential treatment of various metabolic disorders such as obesity. ObesityWeek 2023 is being held October 14-17 at the Kay Bailey Hutchison Convention Center in Dallas, Texas. The oral presentation will provide an overview of previously reported results from Viking's Phase 1 SAD/MAD study of VK2735 in healthy volunteers with a BMI greater than or equal to30. In addition, new findings related to the impact of VK2735 on subjects' liver fat content and plasma lipid levels will be reported.
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AMBO | Hot Stocks16:07 EDT Ambow receives notice of NYSE American continued listing deficiency - Ambow Education Holding Ltd. announced that it received a continued listing deficiency notice from the NYSE American dated September 21, stating that the company's securities had been selling for a low price per share for a substantial period of time and the company is not in compliance with the continued listing standards as set forth in Section 1003(f)(v) of the NYSE American Company Guide. The Notice has no immediate effect on the listing or trading of Ambow's securities. NYSE American staff determined that Ambow's continued listing is predicated on it effecting a reverse stock split of its common stock or otherwise demonstrating sustained price improvement no later than March 21, 2024. The company intends to complete a reverse stock split in order to regain compliance with the NYSE American's continued listing standards set forth in the company guide in a timely manner.
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VRTS | Hot Stocks16:06 EDT Virtus Investment reports September-end AUM $162.5B vs. $169.4B last month - Virtus Investment "reported preliminary assets under management of $162.5 billion as of September 30, 2023. The decrease from June 30, 2023 primarily reflects market depreciation and net outflows in open-end funds and institutional accounts, partially offset by net inflows in retail separate accounts. In addition, the company provided services to $2.5 billion of other fee-earning assets, which are not included in assets under management."
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HON | Hot Stocks16:05 EDT Honeywell and GranBio Technologies join to produce carbon neutral SAF - Honeywell and GranBio Technologies announced that they will combine Honeywell's ethanol to jet, or ETJ, technology with GranBio's cellulosic ethanol AVAP technology to produce carbon neutral sustainable aviation fuel, or SAF, from biomass residues at GranBio's forthcoming U.S. demonstration plant. GranBio's patented AVAP process converts biomass, including forest and agricultural residues, to pure low-cost, low-carbon-intensity sugars, lignin, and nanocellulose. The cellulosic sugars are converted to both SAF, through Honeywell's ETJ technology, and biochemicals, through a separate process. Using forest biomass-derived ethanol from the AVAP process, jet fuel produced from Honeywell's ethanol to jet fuel process can reduce greenhouse gas, or GHG, emissions to net zero on a total lifecycle basis, compared to petroleum-based jet fuel. GranBio's subsidiary AVAPCO was selected by the U.S. Department of Energy to receive an $80M grant to support the demonstration plant that will produce ~2 million gallons per year of SAF upon start-up in 2026.
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AENT | Hot Stocks16:05 EDT Alliance Entertainment gets late filing Nasdaq notice - Alliance Entertainment Holding announced it received a written notice from The Nasdaq Stock Market on October 4, , it no longer complies with Nasdaq Listing Rule 5250(c)(1) as a result of its failure to file an annual report on Form 10-K for the year ended June 30 with the Securities and Exchange Commission by the required due date. This notification has no immediate effect on the listing of the Company's shares on Nasdaq. Under Nasdaq Rules the Company has 60 calendar days from receipt of the Notice to submit a plan to regain compliance with the Rule. If Nasdaq accepts the Company's plan, Nasdaq may grant an exception of up to 180 calendar days from the due date of the 10-K, or until March 27, 2024, to regain compliance. The Company is in the process of preparing the plan to regain compliance and finalizing the financial statements for the year ending June 30.The Company will submit the plan to regain compliance and file its Annual Report as soon as possible.
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MPV | Hot Stocks16:03 EDT Mass Mutual Participation Investors raises dividend to 34c from 32c per share - The Board of Trustees of Barings Participation Investors announced that it has declared a quarterly dividend of $0.34 per share payable on November 17, 2023, to shareholders of record on November 6, 2023.
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LSCC MZDAY | Hot Stocks16:02 EDT Lattice Semiconductor's FPGA solutions selected for Mazda's new CX-60 and CX-90 - Lattice Semiconductor (LSCC) announced its award-winning Lattice FPGAs now enable advanced driver experiences on Mazda Motor Corporation's (MZDAY) new CX-60 and CX-90 models. The Mazda crossover SUVs leverage a cutting-edge interface bridging solution based on multiple low power Lattice FPGAs to provide safety-critical Advanced Driver Assistance System side radar applications made by Furukawa Electric, including a wider detection range, improved detection accuracy, and spatial recognition performance, without sacrificing vehicle performance.
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ETWO | Hot Stocks16:02 EDT E2open names Andrew Appel interim CEO - E2open Parent Holdings announced that its board of directors and Michael Farlekas have reached a mutual decision that the time is right for new leadership. Accordingly, the e2open board of directors has initiated an external search process to identify a new permanent chief executive officer and has retained a leading executive search firm. In the meantime, the board has named Andrew Appel as interim chief executive officer and appointed him to the board of directors, effective immediately. Appel, who has served on e2open's advisory board for more than a year, has extensive experience in the technology industry as well as proven expertise in business strategy and innovation. He previously served as president and chief executive officer at IRI, a leading provider of big data, predictive analytics, and forward-looking insights. During his tenure at IRI, he oversaw the launch of multiple transformative initiatives that repositioned the company as the innovation leader for consumer packaged goods brands, retailers, and media companies. Prior to joining IRI, he served as chief revenue officer of Accretive Health, chief operating officer of Aon, and was a senior partner at McKinsey & Company.
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MCI | Hot Stocks16:00 EDT Barings Corporate Investors raises quarterly dividend 5.7% to 37c per share - The Board of Trustees of Barings Corporate Investors announced that it has declared a quarterly dividend of 37c per share payable on November 17, 2023, to shareholders of record on November 6, 2023. Clifford Noreen, Chairman, stated, "We are pleased to announce an increase of $0.02 per share to the Trust's quarterly cash dividend, which represents a 5.7% increase over the previous dividend of $0.35 per share and a 54.2% increase since we started raising the dividend from $0.24 per share approximately one year ago. Significant growth in net investment income, due primarily to increases in base rates for our floating rate holdings, has led the Board of Trustees to declare the fifth consecutive increase to the quarterly dividend, further benefiting shareholders."
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MSFT | Hot Stocks14:28 EDT Microsoft debuts new AI tools to aid healthcare organizations, clinicians - Alysa Taylor, CVP, Azure + Industry, Microsoft, wrote in part for the Microsoft blog: "At the HLTH 2023 conference, we're introducing new data and AI solutions and capabilities that will help healthcare organizations stay focused on improving patient and clinician experiences while delivering quality care more efficiently and at a lower cost. Together, these new solutions offer healthcare organizations a unified, safe and responsible approach to their data and AI strategy and enable them to take advantage of the breadth and scale of Microsoft Cloud for Healthcare...In May of this year, we unveiled Microsoft Fabric - an end-to-end, unified analytics platform that brings together all the data and analytics tools that organizations need to unlock the potential of their data and lay the foundation for the era of AI....through the power of Microsoft Cloud for Healthcare, we are introducing the first industry-specific data solutions in Fabric that unify data and insights through one common architecture and experience. Microsoft Fabric gives healthcare organizations...ability to combine data from previously siloed sources across their organization, such as electronic health records, or EHRs... The ability to combine data from previously siloed sources across their organization, such as electronic health records EHRs, Picture Archiving and Communication Systems, PACS, labs systems, claims systems and medical devices." Reference Link
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MNK | Hot Stocks13:53 EDT Mallinckrodt announces U.S. court approval for financial restructuring plan - Mallinckrodt plc (MNKTQ) announced that its Plan of Reorganization has been confirmed by the U.S. Bankruptcy Court for the District of Delaware, positioning the company to emerge from Chapter 11 by the end of the year. "Mallinckrodt's Plan of Reorganization is supported by a substantial majority of its financial stakeholders, including holders of approximately 90% of its first and second lien debt and the Opioid Master Disbursement Trust II, as part of a previously announced Restructuring Support Agreement. Upon emergence, Mallinckrodt will eliminate approximately $1.9B of total funded debt and ownership of the business will transition to the Company's creditors. In addition, the Company's obligations to the Trust will be satisfied on terms agreed with the Trust, including through a $250M payment made to the Trust prior to the Chapter 11 filing, among other consideration. As previously announced, Mallinckrodt's directors initiated examinership proceedings in Ireland on September 20, 2023. These proceedings, which are required to implement certain Irish law aspects of the Company's financial restructuring and allow for emergence, are expected to take between two and three months to complete. Mallinckrodt expects to formally emerge from Chapter 11 in the fourth quarter of 2023, following the completion of the Irish examinership proceedings and once all conditions of the Plan are satisfied or waived. Until that time, the Company remains under the U.S. Bankruptcy Court's jurisdiction," the company stated. Siggi Olafsson, President and CEO of Mallinckrodt, said, "We are pleased to achieve this important milestone and look forward to moving ahead as a stronger company. With substantially less debt and additional financial flexibility, we will be better positioned for the future as we continue delivering therapies that improve outcomes for patients with severe and critical conditions and executing on our strategic priorities. We appreciate the significant support of our financial stakeholders, which has enabled us to reach this point quickly and without interruption to our patients, customers, employees or business partners."
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SSU | Hot Stocks13:38 EDT SIGNA Sports United NV trading halted, news pending
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GM | Hot Stocks13:37 EDT GM Canada announces tentative agreement with Unifor - General Motors of Canada stated that on October 10 at 1:00 p.m. EDT, GM Canada reached a tentative agreement with Unifor covering approximately 4,200 represented employees at its St. Catharines Propulsion Plant, Oshawa Assembly & Operations, and the Woodstock Parts Distribution Centre. "Work will resume at all three facilities this afternoon. This record agreement, subject to member ratification, recognizes the many contributions of our represented team members with significant increases in wages, benefits and job security while building on GM's historic investments in Canadian manufacturing. To respect Unifor's ratification process, more details will be shared at the appropriate time," GM Canada stated.
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SRAD GENI | Hot Stocks13:34 EDT PANDA Interactive files lawsuits against Sportradar Group AG and Genius Sports - SportsCastr, d/b/a PANDA Interactive, announced that it has filed two separate complaints for infringement on its "foundational interactive streaming technology patents." The complaints were filed in U.S. District Court for the Eastern District of Texas against Sportradar Group AG (SRAD) and Genius Sports Limited (GENI), two companies that "provide much of the technological infrastructure to sports-betting and related interactive video industries." PANDA Interactive's CEO Kevin April said: "PANDA developed its pioneering technology long before online sports betting was even legal in the US. Sportradar and Genius Sports are infringing on our patents and capitalizing on our groundbreaking work."
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ALIT | Hot Stocks13:29 EDT Alight director Massey buys $322,490 in company shares - Director of Alight, Richard Massey, disclosed in a regulatory filing that he had purchased 50,000 shares of company stock at $6.45 per share on October 5, for a total transaction amount of $322,490.
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AGRI | Hot Stocks13:03 EDT AgriFORCE Growing Systems approves reverse stock split for Nasdaq compliance - AgriFORCE Growing Systems announced the company's board of directors has approved a reverse stock split of the company's issued and outstanding common shares whereby every fifty shares of its outstanding common shares will automatically be combined into one common share. The reverse split was approved by the company's shareholders on October 4 and will be effective as of the commencement of trading on October 11, the company announced.
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IMAX | Hot Stocks13:02 EDT IMAX expands partnership with NCG Cinemas for three IMAX locations - IMAX Corporation and U.S. exhibitor NCG Cinemas announced a new agreement for three IMAX with Laser Systems across the U.S. The deal will expand IMAX's existing footprint with NCG Cinemas with two new IMAX locations in Tennessee and Georgia as well as an upgraded location in Michigan. Planning for the construction of the new standalone IMAX theatre in Kingsport, Tennessee begins this week, and is expected to open to the public in March 2025.
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GM | Hot Stocks12:53 EDT General Motors reports delivery of 541,000 vehicles in China in Q3 - General Motors and its joint ventures delivered over 541,000 vehicles in China in the third quarter of 2023, the company announced. "New energy vehicles, or NEVs, continued to post robust growth momentum across brands. The new members of the EV family empowered by GM's Ultium platform and SAIC-GM-Wuling's GSEV platform - including the Buick ELECTRA E5 and E4, and the Wuling Bin Guo - have been quickly gaining popularity in the market," GM stated. Reference Link
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WORX | Hot Stocks12:25 EDT SCWorx announces shareholder approval of reverse stock split - SCWorx Corp. announced the conclusion of its 2023 Annual Meeting of Stockholders Shareholders embraced the reverse stock split and showing overwhelming support for the company, the company said in a statement. Following the Meeting, the company's Board of Directors approved a final ratio of 15-for-1 for the reverse stock split , which was within the parameters approved by the shareholders. The Split is expected to become effective at market open on October 11, 2023, pending confirmation by the Depository Trust Company and the Nasdaq. The company's common stock will continue to trade on the Nasdaq Capital Market under the company's existing trading symbol, "WORX." The split reduces the number of shares of the company's outstanding common stock from approximately 17.9 million shares to approximately 1.2 million shares, subject to adjustment due to fractional shares.
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SONY | Hot Stocks12:22 EDT Sony unveils smaller PlayStation 5 model design - Sony said it has a new PlayStation 5 model launch ahead of the holiday season. "To address the evolving needs of players, our engineering and design teams collaborated on a new form factor that provides greater choice and flexibility," the company said. "The same technology features that make PS5 the best to play are packed into a smaller form factor, along with an attachable Ultra HD Blu-ray Disc Drive and a 1TB SSD for more internal storage. The new PS5 has been reduced in volume by more than 30%, and weight by 18% and 24% compared to the previous models. There are four separate cover panels, with the top portion in a glossy look, while the bottom remains in matte. If you purchase the PS5 Digital Edition, you can add the Ultra HD Blu-ray Disc Drive for PS5 later, as it will also be sold separately for 79.99 USD 119.99 EURO 99.99 GBP 11,980 JPY." The new PS5 model will be available starting this November in the U.S. at select local retailers and direct.playstation.com where available. It will continue to roll out globally in the following months. Once inventory of the current PS5 model has sold out, the new PS5 will become the only model available.
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MSCI | Hot Stocks12:16 EDT MSCI announces acquisition of Trove Research; financial terms not disclosed - MSCI announced it has signed a purchase agreement to acquire Trove Research, a specialist data, analysis and advisory firm. Henry Fernandez, Chairman and CEO, MSCI, said: "The voluntary carbon market has a key role to play in helping the world achieve net-zero emissions while helping our clients navigate the transition. Trove Research offers unique data and insights on how the market works and what can be done to improve it. By combining these tools with our integrated franchise, diverse client base, and wide range of capabilities, MSCI will strengthen its position as a leading provider of climate-related investment solutions." The terms of the transaction were not disclosed and the financial impact of the transaction is not expected to be material to MSCI. The transaction is expected to close this quarter, subject to customary closing conditions. Trove Research's financial results will be presented as part of MSCI's ESG & Climate reportable segment.
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TXG NSTG | Hot Stocks12:09 EDT 10x Genomics: UPC declines to issue second injunction against NanoString - 10x Genomics (TXG) announced today that the European Unified Patent Court has declined to issue a second preliminary injunction against NanoString Technologies (NSTG) based on European Patent 2 794 928 B1. However, the injunctions granted by the Regional Court Munich I in May and by the UPC in September both remain in full force and effect and are not affected by today's decision in terms of scope or duration, 10x said. The September injunction prevents NanoString from selling or providing services using its CosMx Spatial Molecular Imager instruments and CosMx reagents for RNA detection in all 17 countries of the UPC based on NanoString's infringement of European Patent 4 108 782 B1. The EP 928 patent is in effect in only a subset of the 17 UPC countries - Germany, France and the Netherlands. Had it been granted, the injunction for the EP 928 patent would not have changed the scope of the injunction that is already in effect. Eric S. Whitaker, Chief Legal Officer for 10x Genomics, said, "Today's decision in no way impacts both existing injunctions against NanoString and the underlying strength of our cases. While the UPC found that the EP 928 patent did not warrant preliminary relief, we expect to continue to pursue our claims on the EP 928 patent in a main action of the UPC."
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ADBE | Hot Stocks12:08 EDT Adobe showcases Adobe GenStudio at Adobe MAX - Today, at Adobe MAX, Adobe showcased Adobe GenStudio, a new end-to-end solution that brings together applications across Creative Cloud, Express and Experience Cloud, with Firefly generative AI at the core. "Demand for content shows no signs of slowing, with nearly two-thirds of customer experience professionals expecting demand to rise five-fold over the next two years," said Amit Ahuja, senior vice president, Digital Experience Business at Adobe. "Adobe GenStudio can take tasks that would normally take hours or days down to minutes, providing speed without any compromise to quality or brand consistency."
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ADBE | Hot Stocks12:07 EDT Adobe unveils new AI-powered Generative Fill, Text to Template - Adobe unveiled at Adobe MAX new AI-powered Generative Fill and Text to Template, plus Translate and Drawing and Painting features in Adobe Express. "The groundbreaking AI-first innovations in Express are empowering our Creative Cloud members and creators of all levels to bring their ideas to life in completely new ways that are fast, easy and fun," said Govind Balakrishnan, senior vice president, Adobe Express and Digital Media Services at Adobe. "Express users are generating hundreds of millions of beautiful images using the latest AI-powered features. We're excited to be rolling out even more revolutionary AI-first capabilities across image creation, design, video, audio, PDFs and more, in the coming months."
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ADBE | Hot Stocks12:06 EDT Adobe releases next generation of Firefly models - Adobe unveiled Adobe Firefly Image 2 Model, Adobe Firefly Vector Model and Adobe Firefly Design Model. "Our rapid, continuous pace of Firefly innovation continues with imaging, design and vector generation advancements - three new models that set new industry standards for output quality and user control," said Ely Greenfield, chief technology officer, Digital Media at Adobe. "Firefly continues to offer the world's best combination of visual capabilities, designed to be commercially safe, enables transformative new creative workflows across Adobe apps." Users have generated over 3 billion images with Firefly's initial model since its beta launch in March, Adobe noted.
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ADBE | Hot Stocks12:05 EDT Adobe announces new Adobe Experience Manager for enterprises - Adobe announced the availability of the all-new Adobe Experience Manager Sites, Adobe's content management system for enterprises. "Adobe continues to introduce industry-first innovations that empower enterprises to deliver personalized, engaging customer experiences at greater speed than ever before," said Eric Hall, senior vice president and chief marketing officer, Digital Experience Business at Adobe. "We're proud that global brands are already realizing the benefits from adopting the all-new Adobe Experience Manager Sites, accelerating their ability to achieve profitable, experience-led growth."
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KO | Hot Stocks12:04 EDT Coca-Cola, AEG renew multiyear partnership agreement - Coca-Cola North America and local bottling partner, Reyes Coca-Cola Bottling, have renewed a multiyear partnership with AEG, a sports and live entertainment company. Brokered by AEG Global Partnerships, the new agreement between AEG and Coca-Cola strategically aligns the brands and will bring a brand new "Coke Studio" to Crypto.com Arena. The new studio will offer visitors immersive fan experiences and music-driven activations. The deal also continues Coca-Cola's longstanding Founding Partner status at Crypto.com Arena and L.A. LIVE, Peacock Theater, and Dignity Health Sports Park and makes Coca-Cola the exclusive soft drink partner of an increased number of leading AEG Presents music festivals.
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SLS | Hot Stocks12:01 EDT Sellas Life Sciences acute myeloid leukemia treatment granted FDA orphan status - Sellas Life Sciences' acute myeloid leukemia treatment was granted FDA orphan status, according to a post to the agency's website. Reference Link
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LAAC | Hot Stocks12:00 EDT Lithium Argentina falls -6.4% - Lithium Argentina is down -6.4%, or -51c to $7.43.
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WLY | Hot Stocks12:00 EDT Wiley falls -8.1% - Wiley is down -8.1%, or -$2.81 to $31.82.
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TRCA | Hot Stocks12:00 EDT Twin Ridge Capital Acquisition falls -9.1% - Twin Ridge Capital Acquisition is down -9.1%, or -95c to $9.50.
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MIXT | Hot Stocks12:00 EDT MiX Telematics rises 16.7% - MiX Telematics is up 16.7%, or 93c to $6.50.
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PGTI | Hot Stocks12:00 EDT PGT Innovations rises 20.2% - PGT Innovations is up 20.2%, or $5.30 to $31.50.
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SRT | Hot Stocks12:00 EDT StarTek rises 29.3% - StarTek is up 29.3%, or 95c to $4.21.
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LVMUY | Hot Stocks11:49 EDT LVMH 'confident' in continuation of growth - LVMH said: "In an uncertain economic and geopolitical environment, the Group is confident in the continuation of its growth and will maintain a strategy focused on continuously enhancing the desirability of its brands, drawing on the authenticity and quality of its products, excellence in distribution and agile organization."
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TGAA | Hot Stocks11:38 EDT Target Global Acquisition I announces extension of deal deadline - Target Global Acquisition I Corp. announced that its board of directors has decided to extend the date by which the company must consummate an initial business combination from October 13 for an additional month to November 13, 2023. "This is the second of six potential one-month extensions of the termination date available to the company pursuant to its Amended and Restated Memorandum and Articles of Association," the company noted. The company further announced that on or before October 11, the sponsor will deposit $90,000 into the company's trust account in connection with the extension, which will be evidenced by a non-interest bearing, unsecured convertible promissory note to the sponsor and will be repayable by the company upon consummation of an initial business combination.
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MAIA | Hot Stocks11:17 EDT MAIA Biotechnology announces 49 patients dosed in THIO-101 trial - MAIA Biotechnology announced that 49 patients have been dosed in MAIA's Phase 2 clinical trial, THIO-101, evaluating THIO in sequential combination with an immune checkpoint inhibitor in patients with advanced Non-Small Cell Lung Cancer. "In feedback received from the clinical trial investigators, the encouraging efficacy observed in dosed patients is prompting physicians to speed up trial enrollment even further. Following U.S. Food and Drug Administration clearance of the Investigational New Drug application, we expect to more than double the number of sites in the near future," said Vlad Vitoc, CEO. "We are pleased with the pace of enrollment for THIO-101, our go-to-market trial, which is currently exceeding the average enrollment pace in similar NSCLC trials. We look forward to sharing preliminary safety and efficacy data in the coming weeks."
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BA | Hot Stocks11:10 EDT Boeing reports 27 commercial airplane deliveries, 224 orders in September - On its website, Boeing reported receipt of 224 commercial airplane gross orders in September and 27 airplane deliveries in the month. For the year-to-date, Boeing reports 371 deliveries and 848 gross orders, or 724 year-to-date orders net of cancellations/conversions, and reports 5,783 unfilled orders as of September 30. Reference Link
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BA | Hot Stocks11:02 EDT Boeing reports 105 commercial airplane deliveries in Q3 - Boeing announced major program deliveries across its commercial and defense operations for the third quarter of 2023, reporting 105 total commercial airplanes programs deliveries in Q3, including 70 deliveries of 737 jets. The company noted that it will provide detailed third-quarter financial results on October 25.
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SEEL | Hot Stocks10:59 EDT Empery alleges critical clinical trial misrepresentations by Seelos Therapeutics - Empery Asset Management has transmitted a letter to management and the board of directors of Seelos Therapeutics alleging material misrepresentations that the company's CEO made regarding the SLS-002 Phase II Study in Adults with Major Depressive Disorder at Imminent Risk of Suicide. "The company made public disclosures about the intended size of the Trial to both Empery and the market when it knew, or should have known, that those statements were false," Empery says. It further states that, "The company represented to Empery that its March 2023 financing would be sufficient to complete the Trial as publicly disclosed. This representation was false." Empery believes that Seelos knew in May when they "notified their trial sites that enrollment will conclude by the end of June 2023" that the trial would not enroll the approximately 175 patients that the company had publicly disclosed. "Seelos inappropriately prioritized the conclusion of the trial by the end of June 2023 rather than completing the publicly disclosed enrollment target of approximately 175 patients. Seelos had numerous opportunities to inform the public that the trial would not enroll the disclosed target number of patients yet they continued to hide this material information from the market hoping they would have a successful trial." Empery believes that "the trial was doomed because the company did not seek the appropriate funds to run a properly powered trial." Funds managed by Empery were significant shareholders at the time the trial data was disclosed to the public. Empery "firmly believes that the Seelos ketamine product is an asset that if properly funded and managed represents an investable opportunity. With appropriate funding and a new management team, Empery would be supportive of the company." Currently, Empery believes that management's and the board's misconduct have "significantly damaged Empery, and it is seeking recovery from Seelos."
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WMB ET | Hot Stocks10:47 EDT Delaware Supreme Court rules Energy Transfer must pay Williams $495M - The Delaware Supreme Court ruled in favor of Williams (WMB), saying Energy Transfer LP (ET) must pay the company a total of $495M for walking away from their planned merger. The court said, "The parties have spent the better part of a decade litigating over various fees to which they argue they are entitled under the Merger Agreement. ETE continues to assert its entitlement to a $1.48 billion breakup fee, despite being the party who terminated the Merger. It also disputes that it must pay Williams a $410 million reimbursement fee, which it was required to pay if the Merger failed and certain conditions were met. Finally, ETE argues that a related $85 million attorney's fee award is unreasonable. But we find no error with the Court of Chancery's well-reasoned opinions that hold that ETE is not entitled to an over-one-billion-dollar fee and find that ETE must pay Williams the $410 million reimbursement fee and the related $85 million in attorney's fees. The litigation between the parties over their failed merger has now come to an end." Reference Link
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MTB | Hot Stocks10:24 EDT M&T Bank appoints David Hollis as CHRO - M&T Bank announced its appointment of David Hollis as Chief Human Resources Officer. In this role, Hollis will lead staffing, recruiting, leadership development, compensation, benefits, and employee relations for M&T Bank, which includes more than 22,000 employees across the northeastern U.S. Hollis will be based in Buffalo, NY, and will report to Tracy Woodrow, who has served as M&T's CHRO since 2020. Woodrow will continue to serve as Chief Administrative Officer, overseeing M&T's Banking Services, Buffalo Promise Neighborhood, Corporate Services, Human Resources, and Environmental, Social, and Governance teams. Woodrow also retains her position on M&T Bank's Executive Leadership Team. Hollis has over 37 years of experience, most recently serving as CHRO at Michigan-based commercial bank, Flagstar Bank.
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IZEA | Hot Stocks10:01 EDT Izea reports Q3 managed services bookings of $7.1M vs. $8.3M last year - IZEA Worldwide announced its Managed Services team recorded $7.1M in bookings in the third quarter of 2023, compared with $8.3M in the third quarter of 2022. The year-over-year bookings decline is attributed to the company parting ways with a large customer. However, when excluding bookings from the large customer from the comparison, bookings from ongoing customers grew by $1M for the quarter, or 17.3%, year-over-year, IZEA said.
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SMWB | Hot Stocks10:00 EDT Similarweb falls -5.8% - Similarweb is down -5.8%, or -35c to $5.66.
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WLY | Hot Stocks10:00 EDT Wiley falls -8.1% - Wiley is down -8.1%, or -$2.82 to $31.81.
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TRCA | Hot Stocks10:00 EDT Twin Ridge Capital Acquisition falls -11.8% - Twin Ridge Capital Acquisition is down -11.8%, or -$1.23 to $9.22.
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COHR | Hot Stocks10:00 EDT Coherent rises 11.6% - Coherent is up 11.6%, or $3.61 to $34.61.
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PGTI | Hot Stocks10:00 EDT PGT Innovations rises 23.4% - PGT Innovations is up 23.4%, or $6.14 to $32.34.
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SRT | Hot Stocks10:00 EDT StarTek rises 29.7% - StarTek is up 29.7%, or 97c to $4.23.
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SMWB | Hot Stocks09:47 EDT Similarweb falls -4.7% - Similarweb is down -4.7%, or -28c to $5.73.
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PKX | Hot Stocks09:47 EDT Posco falls -5.0% - Posco is down -5.0%, or -$4.81 to $92.00.
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PD | Hot Stocks09:47 EDT PagerDuty falls -6.9% - PagerDuty is down -6.9%, or -$1.50 to $20.33.
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SPRU | Hot Stocks09:47 EDT Spruce Power Holding rises 10.7% - Spruce Power Holding is up 10.7%, or 46c to $4.76.
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PGTI | Hot Stocks09:47 EDT PGT Innovations rises 16.6% - PGT Innovations is up 16.6%, or $4.34 to $30.54.
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MIXT | Hot Stocks09:47 EDT MiX Telematics rises 17.5% - MiX Telematics is up 17.5%, or 97c to $6.55.
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FBYD | Hot Stocks09:42 EDT Fast Acquisition Corp II trading resumes
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SRT | Hot Stocks09:40 EDT StarTek trading resumes
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VLRS | Hot Stocks09:39 EDT Volaris reports capacity increased 7.5% year-over-year in September - Controladora Vuela Compania de Aviacion reports its September 2023 preliminary traffic results. In September 2023, Volaris' capacity increased by 7.5% year-over-year, while demand increased by 3.1%; the result was a load factor decrease of 3.6 pp YoY to 83.8%. Volaris transported 2.5 million passengers during the month, a 0.6% decrease compared to September 2022. Demand in the Mexican domestic market decreased by 4.6%, while in the international market, demand increased by 22.4%. During the third quarter of 2023, the average economic fuel cost was $3.16 per gallon, an increase of 17% compared to the second quarter of 2023. Enrique Beltranena, Volaris' President and CEO, said: "On July 25th, 2023, RTX Corporation, the parent company of Pratt & Whitney requested accelerated inspections of GTF engines. The accelerated inspection program will include engines in our fleet. The Volaris team is actively executing plans to mitigate the engine inspection impact, including a project to optimize our route network. We anticipate our growth rate will slow while we work through the required engine shop visits. We will continue to modify our plans as we get more detail from P&W, but based on the current information we have, we expect Total Operating Revenues for the full-year of 2023 to reach approximately $3.2 billion and CASM ex-fuel to be $4.8 cents, in line with prior guidance. However, we now forecast an EBITDAR margin for 2023 of approximately 26%, given the continuing volatility in jet fuel prices and the effect on ASM production as we work through the engine issues and its projected impact on our network and profitability."
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FBYD | Hot Stocks09:37 EDT Fast Acquisition Corp II trading halted, volatility trading pause
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VLCN | Hot Stocks09:36 EDT Volcon signs CRADA with United States Army Engineer Research, Development Center - Volcon announced the signing of a Cooperative Research and Development Agreement with the United States Army Engineer Research and Development Center, Construction Engineering Research Laboratory. Volcon believes this collaboration marks a significant step forward in the development of EV technology for both civilian and military applications. Under the terms of this CRADA, Volcon and ERDC will collaborate on research and development efforts aimed at enhancing the capabilities of electric vehicles, with a focus on creating dual-use products that benefit both warfighters and the U.S. Army Corps of Engineers in their support of emergency services disaster response. Key objectives of this collaboration include: Energy Management: Volcon will provide technical expertise to improve energy management in electric vehicles, including measurement, monitoring, range extension, and export power processes and procedures. Compatibility with Microgrid Technology: The collaboration will work to ensure compatibility with emerging microgrid and electrical infrastructure technologies to create scalable solutions that enhance the adaptability of off-road EVs. Enhanced Tactical Ground Vehicles: Volcon aims to develop enhanced tactical ground vehicle applications to support soldiers and emergency responders in their missions. Government Fleet Electrification: The collaboration aligns with the 2022 U.S. Army Climate Strategy and Executive Order 14057, supporting government fleet electrification from the present through 2050.
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IINN | Hot Stocks09:34 EDT Inspira Technologies enters distribution agreement with CIO MED GROUP - Inspira Technologies had signed a distribution agreement with CIO MED GROUP. The Agreement to potentially generate $28 million, mainly in recurring revenues from disposable kits over five years, subject to the receipt of regulatory approval. The parties will collaborate on the marketing and the deployment of the INSPIRA ART device line and disposable kits in Central America. This includes the INSPIRA ART100, a cardio-pulmonary bypass device, which was recently submitted for U.S. Food & Drug Administration clearance with an expected approval timeline of approximately six months, or the first half of 2024. In addition to the INSPIRA ART100 device intended for patients undergoing CPB procedures, the Agreement also includes both the flagship INSPIRA ART500 device and HYLA Blood Sensor Technology, as well as disposable kits to be used with these Inspira Technologies devices in the procedures.
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WMG | Hot Stocks09:31 EDT Warner Music names Carletta Higginson as Chief Digital Officer - Warner Music Group announced that Carletta Higginson has joined the company as Executive Vice President, Chief Digital Officer, effective October 16. An accomplished media executive and music rights expert, Higginson joins WMG after a decade at Google, where she worked in business development and legal roles, across both music publishing and recorded music, most recently as Global Head of Music Publishing at YouTube and Google Play. She previously worked as a litigator advocating for record labels, music publishers, artists, and songwriters.
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SRT | Hot Stocks09:27 EDT StarTek signs agreement to be acquired by CSP Management for $4.30 per share - Startek has entered into a definitive agreement to be acquired by funds managed by Capital Square Partners in an all-cash transaction with a total enterprise value of approximately $217M and total equity value of approximately $174M. CSP will acquire all shares of Startek common stock not already owned by CSP for $4.30 per share in cash. The purchase price represents a premium of approximately 32% to Startek's closing share price of $3.26 on October 9, and a premium of approximately 50% to the closing price of the shares. On July 18, , Startek received a preliminary non-binding proposal from CSP to acquire all shares of Startek common stock that it does not already own for $3.80 in cash per share. The Special Committee unanimously recommended that the Board approve the merger agreement. Subsequently, the Startek Board, based on the recommendation of the Special Committee, unanimously approved the merger agreement. The transaction is expected to close by the end of 2023. The transaction is not subject to any financing contingency. Upon completion of the transaction, Startek will no longer trade on the NYSE and will become a private company.
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AMLX | Hot Stocks09:26 EDT Amylyx publishes ITT survival analysis of Centaur to historical control - Amylyx Pharmaceuticals, announced the publication of a post hoc analysis in the peer-reviewed medical journal, Annals of Clinical and Translational Neurology comparing the long term survival of participants in the CENTAUR study versus a historical clinical trial control group. The results of this post hoc analysis, which demonstrated that the median overall survival was 10.4 months longer in the CENTAUR AMX0035 group than in the historical clinical trial control group, are consistent with the data previously presented at the 2023 American Academy of Neurology Annual Meeting. A previously reported intent-to-treat ITT overall survival analysis comparing participants originally randomized to AMX0035 versus participants originally randomized to placebo demonstrated a 4.8 month longer survival for the AMX0035 group. However, this ITT analysis did not account for the fact that 71% of participants originally randomized to placebo received AMX0035 during the OLE phase of the trial, which may lead to an underestimation of the effect of AMX0035 on survival. The post hoc survival analysis published today compared CENTAUR clinical trial participants who received AMX0035 against a propensity score-matched, AMX0035-naive external control cohort from the Pooled Resource Open-Access ALS Clinical Trials (PRO-ACT) database. The results demonstrated a longer survival and a 52% lower risk of death over the duration of follow-up in the CENTAUR AMX0035 group versus the PRO-ACT external control group. These results using an external control aligned with prior analysis using statistical models adjusting for placebo-to-active crossover in CENTAUR RPSFTM .
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MMSI | Hot Stocks09:26 EDT Merit Medical launches expanded Maestro Microcatheter line - Merit Medical Systems announced the expansion of its Maestro Microcatheter product line to now include a new longer length for radial embolization procedures. The Maestro is part of a comprehensive offering of embolotherapy solutions, which includes Embosphere Microspheres, the most widely studied and clinically utilized round embolic on the market. Embolization is a minimally invasive procedure that blocks one or more blood vessels or abnormal vascular channels to treat a number of clinical conditions. The new 165-cm Maestro length will be available in 2.1F, 2.4F, 2.8F, and 2.9F catheter diameters to support a broad range of embolization procedures.
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NNOX | Hot Stocks09:25 EDT Nano-X Imaging postpones Investor Day - NANO-X IMAGING is postponing the previously announced Investor Day scheduled for Tuesday, Oct. 17, 2023, at the Nasdaq in New York City. "It is with sadness that we announce the decision to postpone our Investor Day," said Erez Meltzer, CEO. "We carefully made this decision in light of the horrifying recent events unfolding in Israel as an act of solidarity. Our business, in particular our US operations and go to market strategy continue as planned, and Nanox employees are working safely as we continue to monitor and adapt to the evolving situation. We will continue to monitor the situation and provide updates as necessary. We plan to announce the new date for the Investor Day and provide additional information in the coming weeks."
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ZTEK | Hot Stocks09:21 EDT Zentek announces pre-clinical testing of aptamer-based plaform technology - Zentek announced further pre-clinical testing of the aptamer-based platform technology by the Dr. Matthew Miller Lab. After initial promising results released on July 27th, 2023, which featured an aptamer therapeutic/prophylactic using the novel platform technology developed by the lab of Dr. Yingfu Li and tested by the team of Dr. Matthew Miller, further preclinical testing has been completed supporting this aptamer as a lead therapeutic target. An in vivo preclinical longevity of protection study was conducted to assess the safety and efficacy of the aptamer-based treatment over a period of 24 hours. This duration was chosen to mimic a suitable prophylactic use case that balances the convenience of a daily dose while maintaining complete protection. The study successfully demonstrated that the novel aptamer provided 24 hours of neutralizing protection against SARS-CoV-2 and improves the potential of the aptamer as a prophylactic in a setting that is both commercially and clinically relevant. The trial used three test groups of 10 mice, which were administered three separate treatments 24 hours prior to administering the virus: Group 1 - control that was administered saline; Group 2 - received the novel aptamer developed by the Li lab; Group 3 - received the S309 antibody treatment; the most effective antibody against SARS-CoV-2 variants that received emergency use approval/ After 24 hours, all mice received a lethal challenge of the original Wuhan strain of SARS-CoV-2. Viral titers were measured and histopathology was performed at the end of the 7-day study. The mice that received the aptamers showed no clinical signs of infection, similar to those that received the S309 antibody. A subsequent study was conducted to determine the minimal effective dose of the aptamer required to protect against a lethal challenge of SARS-CoV-2 - an important step in safety profile and resource efficiency optimization. Four separate groups of 10 mice were tested in the experiment: Group 1 - control that received saline; Group 2 - received the original aptamer dosage; Group 3 - received a 10-fold lower dose; Group 4 - received a 50-fold lower dose; After two hours, mice were challenged with a lethal dose of SARS-CoV-2 . The Group 2 mice that received 258 microM of aptamer were consistent with the previous tests reported on July 27th, where the aptamers provided sterilizing protection. Group 3, which received a ten-fold lower dose, showed no clinical markers of infection demonstrating that this lower aptamer dose still provided complete protection against SARS-CoV-2. Group 4 that received the lowest dose showed signs of infection similar to the control group suggesting that an optimum dosage is in the range of 25.8 microM through this delivery system. Based on these promising results, the next step will be to evaluate the aptamer's ability to protect against infection with the Omicron variant.
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CW GD | Hot Stocks09:21 EDT Curtiss-Wright gets General Dynamics deal to provide MOSA for U.S. Army Stryker - Curtiss-Wright (CW) announced that it has been awarded a contract by General Dynamics (GD) Land Systems GDLS to provide its Modular Open Systems Approach compliant technology for use in the Managed Switch Field Upgrade program for the U.S. Army's Stryker ground combat vehicle. Under the contract, Curtiss-Wright will supply GDLS with its compact and rugged DBH-670 Digital Beachhead line replaceable unit, which combines a flexible Ethernet switch and a powerful Vehicle Management Computer to provide an essential foundation for modern ground vehicle digital architectures. "Curtiss-Wright is very proud to have been selected by General Dynamics Land Systems to provide our rugged vehicle management processing and Ethernet switch technology to support the upgrade of the Stryker combat vehicle," said Lynn M. Bamford, Chair and CEO of Curtiss-Wright Corporation. "This award reflects our leadership in commercial-off-the-shelf technologies and closely aligns with our strategy of delivering best-in-class solutions based on the Modular Open Systems Approach mandated by the U.S. DoD."
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MOGO ORCL | Hot Stocks09:20 EDT Mogo to migrate to Oracle Cloud Infrastructure - Mogo (MOGO) announced that it has selected Oracle (ORCL) Cloud Infrastructure, or OCI, to accelerate innovation and support the long-term growth of the company's digital wealth platform.
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EDSA | Hot Stocks09:19 EDT Edesa Biotech announces one-for-seven reverse share split - Edesa Biotech is announcing that it intends to effect a one-for-seven reverse share split of its common shares. The Company's common shares will continue to be traded on The Nasdaq Capital Market under the symbol "EDSA" and will begin trading on a post-reverse split basis when the market opens on Wednesday, October 11, 2023, under a new CUSIP number, 27966L306. As a result of the reverse share split, every seven shares of Edesa common shares will be combined into one common share. The reverse share split, known as a share consolidation under applicable British Columbia law, does not affect any shareholder's ownership percentage of the Company's common shares or proportional voting power, except to the extent that the share consolidation would result in any fractional shares.
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TREX JCI | Hot Stocks09:19 EDT Trex Company names Brenda Lovcik CFO - Trex Company (TREX) announced that it has named Brenda Lovcik senior VP and CFO effective October 23. Most recently she served as CFO, global products, global supply chain and global FP&A at Johnson Controls (JCI).
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BFRI | Hot Stocks09:19 EDT Biofrontera Inc. receives FDA approval for new formulation of Ameluz - Biofrontera announced that its licensor Biofrontera Bioscience GmbH has received approval from the U.S. Food and Drug Administration, FDA, for a new formulation of Ameluz for the treatment of actinic keratosis , AK. The new formulation is covered by the License and Supply Agreement between the two companies. "We anticipate that the new formulation, which will be implemented in all U.S. Ameluz production beginning in 2024, will improve the safety profile of the topical gel by replacing propylene glycol, an ingredient common in semi-solid formulations, with ingredients already existing in Ameluz," the company said. "Receipt of FDA approval reflects Biofrontera's commitment to continued innovation and improving patient outcomes and experiences with photodynamic therapy to treat AK. With a reengineered formulation of Ameluz, Biofrontera is not only able to deliver a superior product with reduced risk of contaminants, but also potentially benefit from extended patent protection," stated Hermann Luebbert, Chief Executive Officer and Chairman of Biofrontera. Biofrontera Bioscience has filed a patent application to protect the new formulation given that the nanoemulsion without propylene glycol constitutes a novel invention. If granted, patent protection for Ameluz could be extended until at least 2043.
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CPXWF | Hot Stocks09:17 EDT Capital Power to acquire 50.15% interest in Frederickson 1 Generating Station - Capital Powerhas executed an agreement to acquire a 50.15% ownership interest in the Frederickson 1 Generating Station rom Atlantic Power & Utilities for US$100 million. The other 49.85% is owned by Puget Sound Energy. Capital Power will finance the transaction using cash on hand and its credit facilities. The transaction is expected to close in the fourth quarter of 2023, subject to customary regulatory approvals and other closing adjustments and conditions. Frederickson 1 is a 265 MW natural gas-fired combined-cycle generating facility in Pierce County, Washington. The facility is well-positioned as a flexible and dispatchable resource that provides reliable power in support of the continuing energy transition to renewables in the region. Capital Power will operate and maintain the facility and bring to bear its deep knowledge and experience in plant operations and optimization and will receive an annual management fee under the operating arrangement with PSE.
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AVTA | Hot Stocks09:17 EDT Avantax welcomes financial advisor Ervolina, his wealth management group - Avantax welcomes Bob Ervolina, J.D., Certified Wealth Strategist, and his Lifetime Wealth Management Group, near Buffalo, NY. Ervolina transferred to Avantax from Securities America, a broker-dealer of Osaic because he wanted to be part of a close-knit community of financial advisors and tax professionals. Joining Ervolina in his move to Avantax is financial advisor Nick Beckman.
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MU | Hot Stocks09:16 EDT Micron introduces 16Gb DDR5 memory - Micron Technology has extended its industry-leading 1beta process node technology with the introduction of 16Gb DDR5 memory. With demonstrated in-system functionality at speeds up to 7,200 MT/s, Micron's 1beta DDR5 DRAM is now shipping to all data center and PC customers. Micron's 1beta-based DDR5 memory with advanced high-k CMOS device technology, 4-phase clocking and clock-sync provides up to a 50% performance uplift2 and 33% improvement in performance per watt over the previous generation.
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SMTI | Hot Stocks09:16 EDT Sanara MedTech announces first sale of ALLOCYTE - Sanara MedTech announced the first sale of ALLOCYTE Plus Advanced Viable Bone Matrix. ALLOCYTE Plus was first sold by the Company on October 9, 2023. Sanara currently has a sufficient supply to meet expected demand and has orders in place to be able to regularly stock the product in the future. Zach Fleming, Sanara's CEO, stated, "A key strategic goal of Sanara is to continue to grow sales while diversifying our product mix. Both ALLOCYTE Plus and BIASURGE are key products that we believe will help the Company achieve that goal. We believe the ALLOCYTE stock out has significantly impacted our sales growth since the fourth quarter of 2022. Beginning sales of ALLOCYTE Plus will allow us to fill the demand from surgeons who understand the efficacy and value proposition of this product. BIASURGE is an efficacious product intended for mechanical cleansing and removal of debris, including microorganisms, from wounds that we believe could potentially be utilized in any surgical procedure where our existing products are currently utilized. Our 40 sales managers have been trained on BIASURGE and we are currently rolling out our training program for ALLOCYTE Plus."
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SLB... | Hot Stocks09:16 EDT SLB, AWS and Shell collaborate to accelerate OSDU Data Platform adoption - SLB (SLB), Amazon (AMZN) Web Services, AWS, and Shell Global Solutions Nederland BV or Shell (SHEL) have signed a multi-year three-way collaboration agreement to deliver digital end-to-end workflows for Shell, using SLB subsurface solutions on AWS cloud infrastructure. The collaboration is intended to deliver high performance and cost efficient subsurface digital solutions, to be used by Shell and made available to the industry. The digital workflows will use the OSDU Data Platform standards to improve the positive customer experience by business users-increasing efficiency and collaboration, while producing better insights to Shell and the energy industry. T "This collaboration with Shell and SLB will set a new standard for application and data interoperability, to provide the best user experience at the lowest cost of operation," said Howard Gefen, General Manager - Energy & Utilities, AWS. "The combined capabilities across Shell, SLB, and AWS will not only ensure the delivery of value at scale, but will unlock areas of innovation where the collaboration will develop new approaches and solutions to the challenges faced in subsurface workflows seen across the energy industry."
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GLDD | Hot Stocks09:15 EDT Great Lakes announces delivery of multi cats, Cape Hatteras, Cape Canaveral - Great Lakes Dredge & Dock announced the delivery of the Cape Hatteras and the Cape Canaveral, the two Damen 3013 Multi Cats built by Conrad Shipyard in Morgan City, LA. Chris Gunsten, Great Lakes' Senior Vice President of Project Services and Fleet Engineering, commented on the improvements the Cape Hatteras and Cape Canaveral will represent, "This is a milestone for our Company and the U.S. dredging industry. The Multi Cat brings step change safety improvements to Great Lakes' dredge pipeline operations, which was a prime driver for the investment. Pipe handling and connection work can now take place securely on deck, which will greatly reduce the risk of man overboards. These vessels will also enhance and improve Great Lakes' pipe and anchor operations. Further, the Multi Cats' two crane and multiple winch and wire tugger arrangements will significantly reduce manual work and the risk of soft tissues injuries. These vessels support our strong safety culture and gives us the ability to dredge with enhanced operating efficiencies needed to maintain our shorelines and waterways." The two identical vessels measure approximately 99 feet in length and are each powered by three EPA Tier III Caterpillar C32 TTA engines capable of meeting speeds of 10.2 knots and will have maximum bollard pull of approximately 32 short tons. The two vessels are the first Damen Multi Cats to be built in the U.S. and are fully compliant with the U.S. Coast Guard and U.S. Army Corps of Engineers stability criteria.
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SRT | Hot Stocks09:15 EDT StarTek trading halted, news pending
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MDLZ | Hot Stocks09:14 EDT Mondelez unveils new Toblerone brand platform, offerings in key markets - Mondelez International is evolving the Toblerone chocolate brand with innovative formats in key markets. Inspired by luxury brands, the global "Never Square" campaign looks at conventions and standards, positioning Toblerone as a premium chocolate offering. "We're excited and inspired by the new brand platform, 'Never Square,' which pays homage to the values embodied by founder Theodor Tobler," said Mie-Leng Wong, Senior Vice President of Global Brands at Mondelez International. "He embraced originality and created a triangular chocolate in a world of squares, and this platform is our way of inspiring people to do just that."
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LPLA | Hot Stocks09:13 EDT Sides Wealth Advisory Group launches with LPL Financial Strategic Wealth - LPL Financial announced that financial advisors Brock Hively, Josh Smeltzer, Aaron Gingrich, and Emily Sides, have joined LPL Financial to launch a new independent practice, Sides Wealth Advisory Group. They chose to affiliate with LPL's supported independence model, LPL Strategic Wealth Services, and reported having served approximately $900 million in advisory, brokerage and retirement plan assets*. They join LPL from RBC.
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CETX | Hot Stocks09:12 EDT Cemtrex's Vicon Industry launches Anavio - Cemtrex announced that its Vicon Industries subsidiary has launched a new cloud security platform, called Anavio, that integrates video, access, and intercom in one easy-to-use system, powered by AI and face-based authentication. This new platform is designed specifically with schools in mind to deliver a safer and smarter campus. Anavio allows for managing door access in more advanced ways such as dual authentication and face-based authentication with anti-spoofing technology. Additionally, you can respond to events in real time by sharing live footage and receiving mobile alerts. Cemtrex's Chairman and CEO, Saagar Govil, commented, "We are delighted to make this announcement today, as it marks a new chapter in Vicon's illustrious history. This new cloud platform allows us to create more value in our business by evolving Vicon into a recurring revenue business model. Additionally with AI at the core of our roadmap in Anavio, we're excited to layer in new capabilities and benefits for our customers to deliver the most cutting-edge security solutions over the months and years to come."
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ISPO | Hot Stocks09:11 EDT Inspirato, TJH enter strategic partnership - Thomas James Homes, TJH, announces its strategic partnership with Inspirato Incorporated. As a key component of the relationship, Inspirato will provide TJH clients with 12 months of a complimentary Inspirato Travel Membership. This membership will allow clients to book travel within Inspirato's curated collection of 750+ luxury vacation options in 100+ locations around the world paying members-only rates as they travel. "We are thrilled to partner with Thomas James Homes, which provides homebuyers with access to lifestyles as vibrant and varied as the communities in which they build," said Dain Rasmussen, Senior Vice President of Sales at Inspirato. "Their clients share the same discerning tastes as Inspirato members, so there is a lot of synergy between our portfolio and the homes that TJH builds. We look forward to welcoming them on many Inspirato vacations where they will feel at home as they await their dream homes to be completed."
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AVPT | Hot Stocks09:10 EDT AvePoint launches AvePoint Opus, AI powered information management solution - AvePoint announced the launch of AvePoint Opus, its AI-powered information lifecycle management solution, at #shifthappens Conference 2023. As part of the AvePoint Confidence Platform's Resilience Suite, AvePoint Opus is a comprehensive solution that enables organizations to discover, classify, protect and manage their data across Microsoft 365 accurately and at scale. With AvePoint Opus, organizations can now achieve the following: Manage Information and Ensure Compliance; Optimize Cloud Storage; Streamline Processes. "Organizations today are excited about the power of AI and machine learning to transform business, but to truly unlock this technology, they need a comprehensive data strategy that will accurately analyze, govern and classify their data," said Dr. Tianyi Jiang, Co-founder and CEO, AvePoint. "AvePoint Opus provides a solution that is automated and capable of learning over time, allowing organizations to manage the troves of data they produce today to build that data foundation, maintain compliance and reduce storage costs."
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SGPYY | Hot Stocks09:10 EDT Sage Group launches Sage Construction Management - Sage announced the expansion of its construction cloud suite. With the launch of Sage Construction Management, Sage adds cloud preconstruction and project management capabilities to its industry-leading construction portfolio. Sage Construction Management is built for collaboration and mobility so field, office, and external teams can share real-time project information and make quick, informed decisions. The solution is offered together with Sage Intacct Construction Financials as an end-to-end suite that enables operational and finance teams to align and work together towards improved job profitability.
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EDBL | Hot Stocks09:09 EDT Edible Garden announces distribtion of new vitamin whey flavor profiles - Edible Garden announced that it has commenced shipping two new flavor profiles of Vitamin Whey to all Meijer retail locations. The new flavors, 'Ice Cream Cake' and 'Orange Creamsicle,' are additions to the Vitamin Whey product line that Meijer has been carrying. Jim Kras, Chief Executive Officer of Edible Garden stated, "We are pleased to have begun shipping two new flavors of our Vitamin Whey product line to Meijer locations throughout the Midwest. The new and innovative flavors, Ice Cream Cake and Orange Creamsicle, are the latest additions to the flavor-forward Vitamin Whey product line, an advanced, high-performance formulation that aids in muscle recovery as well as an individual's overall well-being, while also tasting great. The product features our proprietary, multi-vitamin, high whey protein and amino acid complex formulas. Vitamin Whey delivers exceptional value, offering superior supplementation and recovery advantages at an affordable price. We believe that these new additions will live up to Edible Garden's reputation as the 'Flavor Maker,' as we continue to explore innovative, cutting-edge flavors through our partnership with Nutracom. Given the strong past performance of Vitamin Whey at Meijer, we are optimistic that these new flavors will further elevate the brand. Our goal is to produce the highest-quality, most flavorful whey protein available on the market, and we plan to roll out this product nationwide in the near future."
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RICK | Hot Stocks09:09 EDT RCI Hospitality reports Q4 club & restaurant sales up 5.6% y-o-y - RCI Hospitality reported sales for its Nightclubs and Bombshells restaurants of $74.1M, an increase of 5.6% year over year, for Q4. Sales totaled $60.5M, an increase of 7.5% or $4.2M year-over-year. Contributing to the increase were $9.2M from FY22-FY23 acquisitions not in same-store sales and $0.8M from reformatted clubs not in SSS. This was partially offset by a SSS decline of 9.6% or $5.1M and a $0.7M decrease from clubs closed prior to 4Q23. Bombshells sales totaled $13.6M compared to $13.9M in 4Q22. The gaming and liquor license and building permit processes are continuing for the planned Rick's Cabaret Steakhouse & Casino and Bombshells Sports Casino in Central City, CO.
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PRGS | Hot Stocks09:08 EDT Progress Software introduces LoadMaster 360 - Progress announced the launch of Progress LoadMaster 360, a cloud-based unified application delivery platform, providing organizations with a single-pane-of-glass experience to deploy, operate and troubleshoot applications and delivery infrastructure. With a consolidated view of all data in one place, Progress Kemp LoadMaster customers have a "powerful new tool to decrease downtime and provide the seamless application experience their customers expect," the company said.
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BWV | Hot Stocks09:08 EDT Blue Water Biotech appoints Neil Campbell as president, CEO - Blue Water Biotech announced the appointments of Dr. Neil Campbell as President and CEO and Bruce Harmon as CFO, effective immediately. Dr. Campbell has also joined the Company's board of directors. Campbell has more than 35 years of experience with public and private companies focused on biopharmaceuticals, health technologies, nanotechnologies, artificial intelligence and super-computing. He has held leadership positions with IGEN International, now Roche; Celera Genomics; and Abbott Laboratories. Prior to joining Blue Water Biotech, Dr. Campbell was president, CEO and a director of Marizyme Inc. He also founded and served as chairman and CEO of Celios(R), a respiratory device company that was acquired by a private investment group. Prior to this, Dr. Campbell was the co-founder, president and CEO of Helomics, a personalized healthcare company focused on next-generation oncology and immune therapeutics and diagnostics. This company was acquired by a private equity investor. Dr. Campbell also held senior executive positions with SuperNova Diagnostics, EntreMed Pharmaceuticals and Life Technologies. Harmon replaces Jon Garfield, who has left the company. Mr. Harmon has served in a variety of roles, including chief financial officer, controller, chief executive officer and audit committee chairman. Immediately prior to joining Blue Water Biotech, he was an independent consultant who served in the outsourced CFO capacity for multiple publicly traded companies since 2008.
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PRGS | Hot Stocks09:08 EDT Progress announces recipient of third annual Akanksha Scholarship for Women - Progress announced the recipient of the third annual Progress Software Akanksha Scholarship for Women in STEM in India. The scholarship is part of the company's Women in STEM Scholarship series, which is aimed at increasing the global representation of women in the fields of computer science, software engineering, IT and/or computer information systems in Bulgaria, India and the United States. The Akanksha Scholarship recipient for 2023 is Soumya Teotia.
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VZ TWOU | Hot Stocks09:07 EDT Verizon, edX partner to accelerate skill building for tech careers - Verizon (VZ) announced the launch of a new online education portal with edX, a global online learning platform from 2U (TWOU), to help upskill and reskill Americans for today's fastest-growing jobs. As recent research reveals, one-third of workers don't have the foundational digital skills necessary to enter today's jobs. With no prior experience or college degree required, participants can register for Verizon Skill Forward to access self-paced, expert-led online courses designed by leading universities and industry experts in edX's partner network for 12 months at no cost, including dedicated courses in Spanish. "When you make quality education accessible to all, you give individuals the freedom to pave their own path," said Rose Stuckey Kirk, Senior Vice President and Chief Corporate Social Responsibility Officer for Verizon. "Through Verizon Skill Forward, we remain committed to bridging the digital divide and providing access to opportunities for economic advancement in under-resourced communities across the country, from the moment a student enters a classroom, to the moment they embark on the pursuit of a career and higher education."
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CHTR | Hot Stocks09:06 EDT Charter names Jamal Haughton as General Counsel - Charter Communications announced that Jamal Haughton, a veteran legal executive, has been named Executive Vice President, General Counsel and Corporate Secretary, effective November 6. Haughton will serve as the company's chief legal officer, working with Charter executive leadership to support the company's long-term direction and growth. Haughton succeeds Rick Dykhouse who earlier this year announced his plans to retire after a distinguished legal career, the last 17 years with Charter. Dykhouse will remain as Executive Counsel to President and CEO Chris Winfrey and to help support the transition.
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MAXN | Hot Stocks09:05 EDT Maxeon Solar provides business update, announces 15% workforce reduction - Maxeon Solar provided a business update following the end of Q3, during which the Company's performance was impacted by reduced shipments to its largest distributed generation customer located in the U.S. and an industry-wide demand slowdown in the global DG markets. CEO Bill Mulligan commented, "our largest US DG customer breached their payment obligations under our current Master Supply Agreement and we paused shipments in late July as a result. While this customer has recently made several payments on their outstanding balance and is now close to becoming current, we continue to pause our shipments and engage in good faith towards resolution of certain ongoing claims of breach under the MSA. We do not have visibility into how quickly such resolution can be achieved...Instead of refurbishing our Fab 5 facility in the Philippines, which we now plan to utilize for the scale-up of our next-generation Maxeon 8 technology, we will convert our legacy Maxeon 3 capacity in the Philippines to Maxeon 7 technology. This will allow us to accelerate market introduction of world-record efficiency Maxeon 7 panels by several months and reduce capital expenditures by about $100M." Maxeon also plans to begin the preparation of its Fab 3 facility in Malaysia to install a TOPCon solar cell pilot line ahead of the start-up of the planned manufacturing facility in Albuquerque. Maxeon's Albuquerque solar cell and module factory remains on track. Restructuring actions are expected to result in a reduction of approximately 15% of the company's global workforce, with most of the reductions expected to occur by the end of the year.
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PHG | Hot Stocks09:05 EDT Philips, World Stroke Organization partner to improve access to stroke care - Royal Philips and the World Stroke Organization announced the signing of a two-year partnership aimed at improving access to high-quality stroke care. Building on their shared commitment to delivering improvements in stroke prevention, treatment, rehabilitation and support, Philips and WSO will leverage their respective strengths to elevate the public understanding of stroke as a global health issue, starting with joint initiatives on World Stroke Day 2023 to build greater public awareness, which is fundamental to improving stroke patient outcomes. They will also work together to support the implementation of innovative treatment methods with the potential to transform the stroke care pathway, where reducing the time between symptom onset and effective treatment is critical to improving patient outcomes.
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CAPR | Hot Stocks09:03 EDT Capricor Therapeutics announces late-breaking presentations at WMS - Capricor Therapeutics announced data from two late-breaking posters presented at this year's 28th International Annual Congress of the World Muscle Society, WMS, which took place in Charleston, South Carolina, from October 3-7, 2023. Presentations included data from the two-year open label extension, OLE, of the HOPE-2 clinical trial highlighting the efficacy of Capricor's lead asset, CAP-1002 to treat patients with Duchenne muscular dystrophy, DMD, and preclinical data showing the potential of the Company's proprietary StealthX exosome platform to enhance the delivery of antisense oligonucleotides, ASOs. Late-Breaking Poster: Capricor's 24-Month HOPE-2 Results Show CAP-1002's Long-Term Safety and Efficacy in Patients with Late-Stage DMD. Data from the Company's HOPE-2 OLE study measured by the Performance of the Upper Limb showed a mean PUL 2.0 decline after 24-months of treatment with CAP-1002 was 2.8 points versus a 7.7-point decline on average observed over 24-months in the placebo patient group. The average rate of decline in CAP-1002 treated patients showed an attenuation of disease progression by approximately 64%. Additionally, CAP-1002 revealed clinically meaningful improvements in ameliorating cardiac function. The data showed that cardiac function, as measured by left ventricular ejection fraction by MRI at the 24-month timepoint, improved in 67% of patients, compared to a steady decline in a comparable natural history population. Late-Breaking Poster: StealthX Platform for Enhanced Exosome-Based ASO Delivery. One of the predominant strategies for treating DMD has been through the employment of antisense oligonucleotides to exclude exons resulting in DMD proteins with partially restored function. The main challenge of antisense drugs is to improve their delivery to target tissues. To overcome this challenge, a muscle-targeting moiety was engineered on the surface of the exosomes using Capricor's StealthX technology. The study results showed the presence of exosomes loaded with a labeled ASO in the lower limbs of mice 24 hours post-injection.
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LUMN AKAM | Hot Stocks09:03 EDT Lumen announces sale of select CDN customer contracts to Akamai - Lumen Technologies (LUMN) announced the company has completed the sale of select Content Delivery Network service contracts, to Akamai Technologies (AKAM). Lumen and Akamai will operate under a transition services agreement for 90 days, after which time Lumen plans to wind down its content delivery services. However, customers can immediately begin working with Akamai for all their CDN needs.
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WLBMF | Hot Stocks09:02 EDT Wallbridge Mining president, CEO Marz Kord to retire - Wallbridge Mining announced that Marz Kord is retiring from his role as President and CEO and director, effective immediately. Mr. Kord will remain employed until December 31, 2023 to support the management team through the management transition. In addition, Parviz Farsangi has decided to retire from the Board of Directors. Both Mr. Kord and Mr. Farsangi will continue as Advisors to the Company and the Board. Brian Penny, the Company's CFO, will assume the role of interim CEO and joins the Board as a director. Mary Montgomery will assume the role of interim CFO. Both appointments are effective immediately.
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AMD | Hot Stocks09:02 EDT AMD signs definitive agreement to acquire Nod.ai - AMD announced the signing of a definitive agreement to acquire Nod.ai to expand the company's open AI software capabilities. The addition of Nod.ai will bring an experienced team that has developed an industry-leading software technology that accelerates the deployment of AI solutions optimized for AMD Instinct data center accelerators, Ryzen AI processors, EPYC processors, Versal SoCs and Radeon GPUs to AMD. The agreement strongly aligns with the AMD AI growth strategy centered on an open software ecosystem that lowers the barriers of entry for customers through developer tools, libraries and models. "The acquisition of Nod.ai is expected to significantly enhance our ability to provide AI customers with open software that allows them to easily deploy highly performant AI models tuned for AMD hardware," said Vamsi Boppana, senior vice president, Artificial Intelligence Group at AMD. "The addition of the talented Nod.ai team accelerates our ability to advance open-source compiler technology and enable portable, high-performance AI solutions across the AMD product portfolio. Nod.ai's technologies are already widely deployed in the cloud, at the edge and across a broad range of end point devices today."
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ATHX | Hot Stocks09:00 EDT Athersys trading resumes
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ETNB AKRO | Hot Stocks08:50 EDT 89bio down 27% after Akero reports NASH trial data - Shares of 89bio (ETNB) are down $4.22, or 27%, to $11.31 in pre-market trading after rival drugmaker Akero Therapeutics (AKRO) reported a 36-week analysis of SYMMETRY, a 96-week Phase 2b study evaluating the efficacy and safety of its lead product candidate efruxifermin in patients with compensated cirrhosis due to nonalcoholic steatohepatitis, or NASH. Previously, on July 3, BTIG analyst Justin Zelin raised the firm's price target on 89bio to $37 following 89bio's positive results from the Phase 2b ENLIVEN study earlier this year and the company's updates at EASL. At that time, the firm had said that pegozafermin's comparable efficacy, an attractive safety and tolerability profile, pleiotropic metabolic benefits, and convenient Q2W dosing offered "a strong competitor" to Akero's efruxifermin. In June, Evercore ISI analyst Liisa Bayko initiated coverage of 89bio with an Outperform rating and $49 price target, noting at that time that 89bio traded at a 60% discount to peer Akero Therapeutics, which has "a similar drug candidate in a similar stage of development." In pre-market trading, Akero shares have fallen $28.44, or 59%, to $20.10 following the efruxifermin data.
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GDYN | Hot Stocks08:50 EDT Grid Dynamics earns Infra, Database Migration to Microsoft Azure Specialization - Grid Dynamics Holdings has earned the Infra and Database Migration to Microsoft Azure Specialization from Microsoft. This specialization expands Grid Dynamics' participation in Microsoft's innovative Azure Migrate and Modernize program, showcasing yet again the company's exceptional technical capabilities. The program helps accelerate and simplify clients' migration & modernization of cloud workloads and includes a range of training, services, and financial support for transformation initiatives. As a member of this exclusive program, Grid Dynamics enables its clients to accelerate time to value on cloud transformation programs-freeing up investment for more advanced & disruptive digital transformation projects with Grid Dynamics.
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AYRO | Hot Stocks08:48 EDT Ayro secures patent for vehicle acceleration control - AYRO has been issued U.S. Patent No. 11752882 from the U.S. Patent and Trademark Office for technologies associated with vehicle environmental impact reduction and elimination, and in particular, regulating the environmental impact of an electric vehicle by controlling vehicle acceleration. The patent titled "Systems and Methods for Controlling Vehicle Acceleration to Regulate Environmental Impact," describes a vehicle designed to adjust its impact on the ground it traverses. This vehicle is equipped with a motor, a braking system and a controller linked to both the motor and the braking system. The controller determines the vehicle's real-time center of gravity and adjusts the vehicle's movement based on this data to minimize its impact on the underlying terrain. The patent includes figures and frameworks for the components that make up this low-speed electric vehicle, including methods of movement.
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ATHX | Hot Stocks08:47 EDT Athersys continues to explore options, expects to file for bankruptcy - Athersys intends to continue exploring available strategic options. However, in the event Athersys is unable in the near-term to enter into a strategic transaction or obtain adequate financing, it expects to have to file for protection under the bankruptcy laws to allow the company to conduct an orderly wind down of operations. In the interim, the company is streamlining its operations to preserve its capital and cash resources.
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AMKR | Hot Stocks08:47 EDT Amkor Technology announces opening of newest factory in Bac Ninh, Vietnam - Amkor Technology has scheduled the grand opening of its newest factory in Bac Ninh, Vietnam on October 11, . The Vietnam campus is poised to become Amkor's most extensive facility, occupying a substantial 57-acre expanse within the Yen Phong 2C Industrial Park. Upon completion it will feature 200,000 square meters of cleanroom space. Beginning with Advanced System in Package and memory production, the factory will offer turnkey solutions-from design to electrical test-to the world's leading semiconductor and electronic manufacturing companies. Amkor has committed $1.6B for the first two phases of the project for facility, machinery and equipment, making a substantial contribution to Vietnam's economic growth. The result will be Amkor's most advanced facility, delivering next-generation semiconductor packaging capabilities.
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ATHX | Hot Stocks08:46 EDT Athersys announces DSMB analysis of MASTERS-2 trial, enters MOU with Healios - Athersys announced that the independent data safety monitoring board, or DSMB, has completed a pre-planned interim analysis of the company's ongoing Phase 3 MASTERS-2 pivotal clinical trial evaluating MultiStem for the treatment of acute moderate-to-severe ischemic stroke, and concluded that the current sample size of 300 patients is insufficiently powered to achieve the primary endpoint of mRS Shift analysis at Day 365. There were no safety issues identified. Because the sample size required to achieve statistical significance is considerably larger, Athersys intends to conduct additional data analysis with independent statisticians. The company plans to pause enrollment of new patients while this analysis is being conducted. Separately, Athersys announces that it has entered into a Memorandum of Understanding, or MOU, granting Healios global rights to develop and commercialize MultiStem for the treatment of acute respiratory distress syndrome, or ARDS. Under the terms of the MOU, Athersys will receive between $1.5M and $4.5M in near term payments with up to $150M in potential development and sales milestones and additional royalties. Athersys also expects to receive revenue from the sale of existing clinical doses of MultiStem, which were manufactured in accordance with its 3D bioreactor process that earlier this year received approval from Japan's Pharmaceuticals and Medical Devices Agency, for Healios to use in its Phase 3 clinical trial in ARDS.
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ADN | Hot Stocks08:46 EDT Advent Technologies and Technohull team on electric vessel, using eMethanol - Advent Technologies Holdings and Technohull, a manufacturer of high technology and high-performance luxury boats headquartered in Lavrio, Greece, have announced an agreement to collaborate on the development of a hybrid and environmentally-friendly electric propulsion system. This system will utilize Advent's eMethanol-powered fuel cells and batteries to provide a reliable and efficient electricity supply for a specially designed Technohull vessel...Advent's SereneU solution, a 4th generation eMethanol-powered hydrogen fuel cell that will be used, can be configured to provide power of up to 250kW. Advent's Serene systems produce low noise and vibrations, therefore allowing passengers to avoid exposure to the typical engine noise, vibrations, and exhaust odors associated with motor vessels, creating a more comfortable and peaceful experience. eMethanol has gained significant traction as a potential green fuel for the maritime industry due to its high energy density, ease of handling and low emissions. As the maritime industry looks to reduce its carbon footprint and comply with increasingly strict environmental regulations, eMethanol has emerged as a promising alternative to traditional fossil fuels.
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SBET | Hot Stocks08:42 EDT SharpLink Gaming's LeagueSafe collects over $31.5M in entry fees for NFL season - SharpLink Gaming announced that the Company's LeagueSafe fantasy sports league management platform, acquired as part of the merger with SportsHub Games Network in December 2022, reported that it has collected more than $31.5 million in total entry fees from over 56,000 private fantasy football leagues for the 2023/2024 NFL season - up 22% when compared to the 2022/2023 NFL season. In addition, the total number of individual payments processed on the platform was 574,043, a 29% increase over the 2022/2023 NFL season.
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HOLX | Hot Stocks08:41 EDT Hologic partners with AAGL and Inovus Medical on OB-GYN training for EMIGS - Hologic announced an innovative new partnership with the American Association of Gynecologic Laparoscopists, AAG,L and Inovus Medical. Hologic becomes the chief provider of hysteroscopes for AAGL's Essentials in Minimally Invasive Gynecologic Surgery or EMIGS, hands-on hysteroscopy skills training for OB-GYN residents. "At Hologic, we believe high-quality medical education can inspire positive change. Women's health technology has significantly improved over the years, but current training options have not taken these advancements into consideration. Through this innovative partnership, we aim to elevate minimally invasive gynecologic surgical training and improve women's healthcare by educating future OB-GYNs on newer treatment options for common gynecologic conditions," said Essex Mitchell, President of Hologic's Gynecologic Surgical Solutions Division. AAGL, the premier global association in minimally invasive gynecologic surgery, began offering the EMIGS-validated training and testing program in 2022 to provide a gynecology-specific cognitive and skills test that allows OB-GYN residents to meet the Surgical Skills Program Standard for the American Board of Obstetrics and Gynecology examination.
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IMAX | Hot Stocks08:41 EDT Imax will not proceed with Imax China privatization - Imax confirmed that the company's proposal to acquire Imax China's outstanding 96.3 million shares will not proceed following a vote by Imax China shareholders. At the Extraordinary General Meeting of Imax China shareholders held October 9, 70% of the shares voted were in favor of the proposed transaction; however, votes against exceeded the 10% threshold required by Hong Kong law to defeat a privatization transaction. In total, approximately 61% of the total disinterested shares of IMAX China common stock were voted. Imax China is a Hong Kong-listed subsidiary established by Imax to oversee its business in Greater China.
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VSAC | Hot Stocks08:40 EDT Vision Sensing intends to transfer all trust funds to deposit account - Vision Sensing Acquisition announced that upon authorizing the release of funds from its trust account to pay redemptions of its public shares in connection with its previously announced special meeting of stockholders scheduled for October 20, 2023, it will instruct Continental Stock Transfer & Trust Company, the trustee of the trust account holding the remaining proceeds from its initial public offering, to liquidate all of the assets in the trust account and transfer the cash proceeds into an interest-bearing demand deposit account, which will then be the sole asset of the trust account. The purpose of the special meeting of stockholders is to obtain stockholder approval of amendments to the Company's certificate of incorporation and trust agreement to allow the Company to obtain up to six 1-month extensions of the deadline to complete its initial business combination from November 3, 2023 to up to May 3, 2024. The extensions will provide the Company with additional time to complete its initial business combination with Newsight Imaging Ltd., an Israeli company, and Newsight MergerSub, Inc., a Delaware corporation and wholly owned subsidiary of Newsight, pursuant to a business combination agreement dated August 30, 2022, pursuant to which: Merger Sub will merge into the Company resulting in the Company becoming a wholly-owned subsidiary of Newsight, Newsight will register as a publicly traded company, Newsight's existing shares will be split to facilitate a fully diluted value per Newsight share of US$10.00, the Company's common stock will be exchanged on a one-for-one basis for Newsight Ordinary Shares and warrants to purchase the Company's common stock will instead become eligible to purchase the same number of Newsight Ordinary Shares at the same exercise price and for the same exercise period. The combined company's common stock is expected to trade on the Nasdaq Capital Market under the ticker symbol "NSIM".
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AENT | Hot Stocks08:40 EDT Alliance Entertainment announces 597 new employee shareholders - Alliance Entertainment announced 100% vestment of equity grants to 597 employees under its 2023 Omnibus Equity Incentive Plan, establishing an employee-owned company. On June 15, 2023, Alliance Entertainment issued an aggregate of 468,400 shares of Class A Common Stock into a reserve for unvested restricted shares pursuant to the Company's 2023 Omnibus Equity Incentive Plan. All employees hired on or before February 13, 2023, were granted Restricted Stock Awards and all of the shares granted to 597 employees were fully vested on October 4, 2023. Bruce Ogilvie, Chairman of Alliance Entertainment, commented, "Our Equity Incentive Plan represents our goal to unite all employees around our mission by offering a share in the Company's future. As an employee-owned company we believe we can further improve business performance and reward employees for their hard work and commitment. The plan is a part of our Environmental, Social & Governance initiatives, including creating and sustaining a safe, diverse and inclusive working environment for our employees. We were excited to celebrate this milestone along with 597 truly deserving employees for all that they do to drive value for our customers, and their efforts to build Alliance's leadership as the premier distributor of music, movies, video games, electronics, arcades, toys and collectibles."
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HSAI | Hot Stocks08:38 EDT Hesai wins ADAS lidar design win with Neta Auto's new vehicle - Hesai announced an ADAS lidar design win with Neta Auto's new series production vehicle. Hesai will supply ultra-high resolution long range lidar AT128 for Neta Auto's upcoming vehicle model which is expected to launch in the first half of 2025. Neta Auto is a company within the smart EV industry. Neta Auto has maintained a monthly sales volume of over 10,000 units. As of the second half of 2023, Hesai has delivered over 190,000 lidar units. Looking forward, the two companies will continue to leverage their strengths to jointly advance the development and implementation of intelligent driving technology for a range of applications.
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MLNK | Hot Stocks08:37 EDT MeridianLink and Blend announces integration, no terms - Blend announced an integration with MeridianLink , a provider of modern software platforms for financial institutions and consumer reporting agencies. With this integration, lenders using MeridianLink Consumer will have the ability to leverage Blend's unified platform and consumer banking origination software for a fast onboarding and application process for banking, credit card, and loan products. This new integration adds to the partnership landscape, with Blend already integrating with MeridianLink Mortgage. "Our Marketplace unites a multitude of industry-leading solutions with the MeridianLink One platform to deliver exceptional consumer experiences and streamline contemporary lending processes."
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REBN AMZN | Hot Stocks08:37 EDT Reborn Coffee partners with Hour Loop to launch coffee products on Amazon - Reborn Coffee announced a strategic partnership with Hour Loop, a leading online retailer engaged in e-commerce, to offer the Company's high-quality coffee products on Amazon through the Amazon Marketplace (AMZN) program. Under the partnership agreement, Hour Loop will purchase, carry and handle Reborn coffee products as well as manage listings, logistics, marketing, inventory management, price monitoring and platform integration on Amazon Marketplace. Amazon Marketplace is an e-commerce platform owned and operated by Amazon that enables third-party sellers to sell products directly to consumers on a fixed-price online marketplace alongside Amazon's regular offerings. Initial Reborn products will include whole beans, pour over coffee, cold brew, cold brew ice cream etc. "This collaboration with Hour Loop will rapidly enable coffee enthusiasts across the US to conveniently purchase Reborn Coffee's exceptional products on Amazon via a trusted provider," said Jay Kim, Chief Executive Officer of Reborn. "Hour Loop has a strong reputation and expansive reach on Amazon, with over 22,000 100% positive ratings. Utilizing Hour Loop's platform enables us to utilize its world-class proprietary algorithms to help us scale and bring more brand awareness to our products on Amazon's competitive marketplace, as well as manage selling and distribution to ensure a seamless purchase experience and delivery of our coffee products.
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PLAG | Hot Stocks08:37 EDT Planet Green Holdings unit partners with MetaMind AI Limited - Planet Green Holdings announced that its subsidiary, Allinyson Ltd., has achieved an one-year-term groundbreaking strategic partnership with MetaMind AI Limited, aiming to revolutionize the landscape of artificial intelligence technology services. This collaboration, established through a Cooperation Agreement, is set to drive innovation, and propel both companies into the forefront of the AI industry. Under the Cooperation Agreement, Allinyson and MetaMind mutually acknowledge each other as strategic partners and grant permission to establish partner logo links or text links on their respective websites. Both parties also authorize their partner to repost relevant information from the other party's website on their sites, with proper attribution. In addition, Allinyson and MetaMind collaborate to jointly promote and endorse each other's brands both online and offline, including exhibitions, seminars, forums, and brochures. MetaMind will also provide application programming interface and technical support tailored to meet Allinyson's specific business requirements.
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SHOT | Hot Stocks08:37 EDT Safety Shot appoints Boon to board of directors - Safety Shot announced that Jarrett Boon, who has served as the Company's Chief Operating Officer since August 2023, has been appointed to Safety Shot's Board of Directors.
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INZY | Hot Stocks08:36 EDT Inozyme highlights inclusion of GACI in Genomics England's Generation Study - Inozyme Pharma highlighted the inclusion of Generalized Arterial Calcification of Infancy, which is caused by mutations in the ENPP1 or ABCC6 genes, in the Genomic England's Generation Study. This research initiative, embedded within the UK's National Health Service, was developed to advance early detection and treatment of rare genetic conditions, with the goal of setting a new standard for newborn screening programs. "We commend Genomics England for recognizing the crucial importance of early detection of GACI as we advance INZ-701 into clinical trials in infants. Including ENPP1 and ABCC6 in the initial list of genes selected for this groundbreaking study represents the hard work and dedication of the advocates, families, and healthcare professionals who work tirelessly for those living with this disease," said Catherine Nester, R.N., Inozyme's senior vice president of healthcare professionals and patient engagement. "The Generation Study has the potential to make a significant impact on the creation of more comprehensive newborn screening programs that save lives by empowering families to find appropriate care for their babies as quickly as possible." The Generation Study is scheduled to begin in late 2023, with the goal of sequencing the genomes of more than 100,000 infants and paving the way for potential widespread implementation of whole-genome sequencing in newborn screening. Genomics England collaborated with NHS experts as well as scientists, healthcare professionals, and people living with rare conditions to select 223 individual conditions for its current screening program.
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WLY | Hot Stocks08:36 EDT Wiley announces departure of CEO Brian Napack, Matthew Kissner named interim CEO - Wiley announced the departure of Brian Napack as president and CEO and the appointment of Matthew Kissner as interim CEO, effective immediately. Kissner previously served as Wiley's group executive and board chair, as well as interim CEO from May to December 2017. Wiley will be rescheduling its planned October 12 investor day for a later date to be determined.
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NCLH QSR | Hot Stocks08:36 EDT Norwegian Cruise Line appoints Cil to board of directors - Norwegian Cruise Line (NCLH) announced the appointment of Jose Cil to its Board of Directors as a new independent director, effective October 6, 2023. With Cil's appointment, the Board has expanded from eight to nine members, seven of whom are independent. Cil will serve as a member of the Company's Audit Committee. Cil served as Chief Executive Officer of Restaurant Brands International (QSR) from January 2019 to March 2023.
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GDDY | Hot Stocks08:35 EDT GoDaddy partners with Paze to simplify online checkouts - On a quest to eliminate abandoned online shopping carts, GoDaddy and Paze are partnering to help small businesses provide more convenient online checkout experiences for consumers. GoDaddy is the first website builder to integrate Paze into small business' customer checkout experience. More than half of Americans say they would stop shopping with a merchant that doesn't accept payments from digital wallets. Small businesses with a GoDaddy Online Store using GoDaddy Payments will be able to accept Paze transactions, which includes over 150 million eligible credit and debit cards within Paze. At checkout, consumers using Paze can skip manual card entry and pay in seconds without creating new usernames or passwords. Backed by financial institutions consumers trust, the Paze streamlined process is designed to simplify checkout, reduce abandoned shopping carts and help position small businesses for growth. Plus, businesses using GoDaddy Payments save over 20% on card processing compared to other leading providers and keep more of what they make.
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ZIMV | Hot Stocks08:35 EDT ZimVie announces recent launch of Biotivity A/C Plus Membrane - ZimVie announced the recent launch of the Biotivity A/C Plus Membrane, a growth factor rich membrane used for site coverage and protection from the oral environment in a variety of dental applications. The membrane is now available in the United States. "We remain focused on bringing new products to market to meet customer needs and ensure their teams have the best solutions at their disposal," said Indraneel Kanaglekar, SVP and President of ZimVie Dental. "Biotivity's triple-layer structure is thicker than conventional A/C membranes and may contribute to enhanced conformability and growth factor content."
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OXBR | Hot Stocks08:34 EDT Oxbridge Re Holdings joins Webull's Corporate Connect Service - Oxbridge has begun participating on the Webull Corporate Connect Service. The Oxbridge Re page on the Webull Corporate Connect Service will provide real-time Company updates, important announcements, and other relevant content such as news, earnings reports, investor presentations, and more.
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BLDP | Hot Stocks08:34 EDT Ballard Power announces orders for over 170 hydrogen fuel cell engines - Ballard Power Systems announced multiple purchase orders totaling 177 hydrogen fuel cell engines from long-standing customer Solaris Bus & Coach sp. z o.o., a European bus manufacturer deploying hydrogen-powered city buses across the continent. Ballard expects limited initial deliveries of the 177 fuel cell engines in 2023, with the remainder to ship from 2024 through 2026.
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SOPA | Hot Stocks08:33 EDT Society Pass announces plans to spinout two business units - Society Pass announces that its Board of Directors, together with its financial and legal advisors, have evaluated a comprehensive range of strategic restructuring options to unlock shareholder value. As a result of these discussions, SoPa will pursue a spinout and initial public offering on Nasdaq in 2024 for its digital advertising ecosystem, Thoughtful Media Group, and for its online travel platform, NusaTrip. SoPa believes that its separately-traded TMG and NusaTrip subsidiaries will increase SoPa shareholder value as investors can more clearly evaluate the performance and future potential of these profitable businesses on a standalone basis, whilst allowing each business to pursue its own distinct strategy and capital allocation policy. "We believe that separating and listing our principal businesses in 2024 will improve our ability to unlock hidden value for all our stakeholders," says Raynauld Liang, the Chief Executive Officer of SoPa. "Both TMG and NusaTrip are profitable and have large and growing market opportunities. This new proposed group structure will further increase both their operational agility and ability to focus on delivering exceptional solutions to their customers." Liang further notes, "SoPa's actions follow the leads of both Johnson & Johnson and Kellogg's spinning out operating subsidiaries and we plan on having the same success."
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SRM | Hot Stocks08:33 EDT SRM Entertainment extends multi-year SMURFS license agreement - SRM Entertainment signed an agreement to extend the Smurfs multi-year licensing agreement with LAFIG Belgium for use of the Smurfs brand name and characters to be featured on SRM's patented Sip With Me line of children's hydration drinkware and table-top products through December 2025. SRM Entertainment's patented Sip with Me children's cups which feature Smurfs franchise characters will be sold online and at retail stores throughout the country. Through the license agreement, SRM developed a line of patented Sip with Me double drinking straw tumblers. The Sip with Me Smurf products are expected to launch at retailers prior to the all-new Smurfs film scheduled to hit theaters in February 2025.
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CYRX | Hot Stocks08:33 EDT Cryoport partnering with the Cell and Gene Therapy Catapult in the U.K. - Cryoport and the Cell and Gene Therapy Catapult, an independent innovation and technology organisation specializing in the advancement of cell and gene therapies, announced the organisations have entered into a new strategic partnership to support the advancement of cell and gene therapies. Through this collaboration, Cryoport Systems will establish its first global supply chain logistics centre in the U.K., a Good Manufacturing Practice-compliant facility located within the bioscience cluster in Stevenage, U.K., at the CGT Catapult's large-scale cell and gene therapy Stevenage Manufacturing Innovation Centre. The partnership will provide CGT Catapult collaborators, and the larger U.K. cell and gene therapy community, with access to Cryoport's integrated, end-to-end supply chain capabilities including risk mitigation services and logistics support. The collaboration between the partners will commence operations in early 2024.
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POST | Hot Stocks08:32 EDT Post Holdings to acquire assets of Perfection Pet Foods for $235M - Post announced it has agreed to acquire the assets of Perfection Pet Foods for $235 million. Perfection is a leading manufacturer and packager of private label and co-manufactured pet food and baked treat products. The acquisition includes two manufacturing facilities in Visalia, California, which will provide Post with additional manufacturing capacity to insource a portion of its current pet food business and an entry point into the private label and co-manufacturing pet food category. Upon closing of the acquisition, the financial results of Perfection are expected to be reported in the Post Consumer Brands segment. Inclusive of stand-up costs, Post management expects Perfection to contribute approximately $25M of Adjusted EBITDA in the next 12 months following the close of the acquisition. Additionally, Post expects the acquisition to result in a tax benefit to Post with a net present value of approximately $20 million and reduce future capital expenditures previously earmarked for capacity expansion. The acquisition is expected to be completed late in the fourth calendar quarter of 2023, Post's first quarter of fiscal year 2024, subject to customary closing conditions.
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GM | Hot Stocks08:31 EDT GM Defense, Anduril announce teaming agreement - GM Defense LLC, a subsidiary of General Motors, and Anduril Industries announced a teaming agreement, establishing a framework to collaborate on defense program capture activities. The team is focused on delivering autonomy solutions, battery electrification and other new propulsion technologies, as well as those integrating the full range of Anduril technologies onto GM Defense mobility solutions.
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SBEV | Hot Stocks08:31 EDT Splash Beverage enters new agreement with Horizon Retailers Association - Splash Beverage Group has entered into a new agreement with Horizon Retailers Association. Based in Atlanta, GA, HRA is one of the South's fastest growing convenience store retail associations, representing more than 2,500 retailers and 20 major vendors in the Southeast US.
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NICH | Hot Stocks08:28 EDT Nitches, Inc. announces Tover as partner for Private Waterfront Mansion Event - Nitches announcee that its wholly-owned brand, Tover, has been invited to become an official partner of a prestigious, Private, Waterfront Mansion Networking Event in South Florida. This exclusive partnership represents a remarkable milestone for Tover, reflecting the brand's commitment to sophistication, innovation, and immersive experiences.
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BTCY | Hot Stocks08:28 EDT Biotricity announces patent filing for Bioheart device - Biotricity announced its patent filing for the company's Bioheart device. Bioheart, regarded as one of the most innovative wearable heart monitoring solutions and recognized as one of TIME Magazine's Best Inventions of 2022 stands as a "game changer" in the industries of personal heart and remote lifestyle monitoring. This patent safeguards Bioheart's exclusive 3-view dry-contact technology, advanced sensor system, unique design, and compact form factor - a combination that's never been seen in the consumer market. This patent application reaffirms Biotricity's commitment to enhancing its Intellectual Property portfolio, protecting its innovations while strengthening its position as a leader in personal lifestyle and healthcare innovation. Dr. Waqaas Al-Siddiq, CEO of Biotricity, commented on the patent filing, stating, "It is with great pride that we announce the filing of our second Biotricity patent in just a month. The Bioheart patent filing reflects our focused commitment to advancing our broader strategy to continuously strengthen our IP, trade secrets, and FDA 510(k) portfolios. This not only helps solidify our leadership in the industry but also ensures that our competitive advantages remain at the forefront of the market."
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ERJ | Hot Stocks08:27 EDT Embraer, DLR extend cooperation in aviation research - Embraer and the German Aerospace Center announced a Memorandum of Understanding for collaboration regarding precompetitive technology research and development activities. The partners will evaluate the possibility of establishing a future cooperation on a wide range of activities, including Aircraft Design, Flight Systems, Flight Physics, System Architectures, Flight Tests, Windtunnel Experiments, Structures and Materials and Security.
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INTZ | Hot Stocks08:27 EDT Intrusion awarded $5M shield agreement with large telecommunications provider - Intrusion announced that it has been awarded a $5 million agreement with a large telecommunications provider to provide Intrusion Shield support for its data centers. The award includes a phased rollout of Intrusion Shield beginning in the fourth quarter of 2023 and builds on a successful pilot that began in the first quarter of 2023. The terms of the five-year award allow for further expansion of the use of Intrusion Shield, with the possibility of generating additional revenue after the completion of the initial set of projects. During the third quarter of 2023, Intrusion also booked four other new contracts, which are also expected to grow over time. 'We are excited to announce this multi-year agreement, which utilizes our capabilities in protecting critical infrastructure from cyber attackers,' said Tony Scott, CEO of Intrusion. 'We've seen an increase in the targeting of data centers for numerous businesses around the world, and this award is evidence of the effectiveness and capabilities of Intrusion Shield at scale. With this award and the other four new contracts across diverse industries we signed in the third quarter, we see signs that our go-to-market strategy with partners is working.' Intrusion will provide further information about the transaction with the large telecommunications provider after final implementation details have been agreed upon, and a public announcement ceremony has been scheduled.
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MACE | Hot Stocks08:27 EDT Mace, U.S. LawShield give away 30 days membership free - Mace Security has teamed up with U.S. Lawshield to help people feel safe and empowered during Domestic Violence Awareness Month in October. Throughout the month, U.S. LawShield will provide its first 30 days of a new membership free and waive all startup fees while Mace Brand, alongside U.S. LawShield, will donate one Mace Brand Magnum 4 Night Defender Pepper Gel per member upon sign-up. U.S. LawShield members receive legal coverage-after lawful acts of self-defense-in 46 states through a network of 300+ Independent Program Attorneys who are available 24/7/365 through an emergency hotline.
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RENB AFLYY | Hot Stocks08:25 EDT Renovaro BioSciences appoints Boeren, Hendriks as Independent Directors - Renovaro Biosciences (RENB) announces the appointment of Leni Boeren and Ruud Hendriks as Independent Directors. Renovaro recently announced a definitive agreement to combine with the advanced AI Company GEDi Cube Intl Ltd. GEDiCube intends to rebrand as Renovaro AI, as announced on September 29, 2023. Both Leni and Ruud bring extensive, high-level experience in finance and business. Boeren currently holds non-executive positions with NIBC Bank, Air France-KLM (AFLYY), Ohpen, and Mollie. Hendriks's current positions include being a senior adviser to Pictet Group, a leading independent investment firm, and Van Lanschot Kempen N.V., an independent wealth manager.
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ATHX | Hot Stocks08:25 EDT Athersys trading halted, news pending
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MMAT | Hot Stocks08:25 EDT Meta Materials appoints Philippe Morali to board of directors - Meta Materials has appointed Mr. Philippe Morali to its Board of Directors. In his last position, Mr. Morali was CFO at eSilicon, an ASIC and IP supplier that was acquired by Inphi Corporation and Synopsys.
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BBKCF | Hot Stocks08:23 EDT Bigg Digital Assets says Netcoins extends Canadian registration - Netcoins announced that the firm's restricted dealer registration with Canadian securities regulators has been extended for a further two year period. The firm's principal regulator and the other securities regulators in Canada approved the related exemptive relief effective October 6, 2023. The new exemptive relief allows Netcoins to continue to operate its existing business and also allows it to expand its business in the future in accordance with the relief. In accordance with the terms of the relief, Netcoins will be engaging with Canadian securities regulators and the Canadian Investment Regulatory Organization as part of its application process to become an investment dealer and dealer member of CIRO as the next step in Netcoins regulatory journey in Canada. Netcoins will now offer Over-the-counter trading in North America. To bolster this new line of business, Netcoins has hired Andrew Bulman as its Head of Sales and OTC Trading for North America. Netcoins is deeply committed to the growth of its OTC business and believes it will be a key initiative to enhance its offering to a new client base
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CATX | Hot Stocks08:23 EDT Perspective Therapeutics' VMT-a-NET protocols presented at NANETS sympsium - Perspective Therapeutics announced that two upcoming investigator-initiated trials were presented at the North American Neuroendocrine Tumor Society, NANETS, 2023 Symposium in Montreal, Canada, which was held October 4-6, 2023. Presentation One: Phase 1 Trial of Pb-212-VMT-alpha-NET in Select Metastatic or Inoperable Somatostatin Receptor Positive Tumors. Summary: This presentation detailed the planned protocol for the IIT Phase 1 trial of Pb-212-VMT-alpha-NET in patients with metastatic or inoperable somatostatin receptors positive tumors to investigate if this new treatment can improve management of patients naive to prior radioligand therapy. The study is an open-label, single arm, single-center, phase 1 trial evaluating the safety, tolerability, and pharmacokinetic properties of the alpha-emitting, systemic radioligand therapy agent Pb-212-VMT-alpha-NET in five different SSTR+ tumors: gastrointestinal neuroendocrine tumors, pheochromocytoma and paraganglioma, small cell lung cancer, renal cell carcinoma, and head and neck. Enrollment for this study is expected to commence in the first quarter of 2024. Presentation Two: Phase 1/2 Trial of Pb-212-VMT-alpha-NET in GI Neuroendocrine Tumors and Pheochromocytoma/Paraganglioma Previously Treated with Radioligand Therapy. Summary: This presentation detailed the planned protocol for the IIT Phase 1/2 trial designed to determine if such a new treatment can improve management of patients who have progressed on beta-emitting radioligand therapy. This study is an open-label, single arm, single-center, Phase 1/2 study evaluating the safety, tolerability, and pharmacokinetic properties of the alpha-emitting, systemic radioligand therapy agent Pb-212-VMT-alpha-NET in somatostatin receptors metastatic GI neuroendocrine tumors and pheochromocytoma/paraganglioma tumors. Enrollment for this study is expected to commence in the first quarter of 2024.
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PCRX BCYC | Hot Stocks08:21 EDT Pacira appoints four new independent directors to board of directors - Pacira BioSciences (PCRX) announced the appointments of Marcelo Bigal, MD, PhD, Abraham Ceesay, Michael Yang, and Alethia Young, to its Board of Directors effective immediately. Following these director appointments, Pacira will have 12 experienced directors. Dr. Bigal is the President and Chief Executive Officer of Ventus Therapeutics. Ceesay brings nearly two decades of biopharmaceutical industry experience to the Pacira Board of Directors. Yang most recently served as President and Chief Executive Officer of ViaCyte. Young is currently Chief Financial Officer of Bicycle Therapeutics (BCYC)
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SLE | Hot Stocks08:21 EDT Super League Enterprise participates in Advertising Week NY 2023 - Super League announced its participation in the esteemed Advertising Week NY 2023. The company will be prominently represented on two dynamic panel presentations. Ann Hand, Super League's Chair and CEO, will join a thought-provoking discussion on what is possible for brands when activating on innovative new platforms in a panel titled Brand Alchemy: Turning Your IP Into Content Gold. Joining Ann are esteemed colleagues Julia Fitzgerald, CMO of Build-A-Bear and Kristin Patrick, CMO of Claire's. Together, with moderator Jared Scott, Chief Marketing and Operations Officer for The Revival House, they will explore the art of storytelling in branding, discussing how to harness the power of iconic IP, innovate new IP beyond traditional brick and mortar, and how captivating content can amplify brand value. In a separate panel, Matt Edelman, President and Chief Commercial Officer of Super League, will share learnings from Super League's recent partnership with the internationally-renowned musical Hamilton on the immersive experience Hamilton Simulator on the panel called Why Hamilton Created an Immersive Experience on Roblox and How It's Performing. Matt, alongside Maggie Brohn, Chief Operating Officer for Adventureland and Executive Producer of Hamilton and moderator Sam Ewen, Head of CoinDesk Studios will discuss the significance of this major collaboration and its current progress.
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GSD | Hot Stocks08:20 EDT Global System Dynamics announces sponsor funding of one-month extension - Global System Dynamicsannounced that its sponsor, DarkPulse, has deposited an aggregate of $26,816.63 into the Company's trust account for the benefit of its valued public stockholders. This additional contribution enables the Company to extend the date by which the Company has to complete its initial business combination for an additional one-month extension from October 9, 2023, to November 9, 2023. Such contribution effectively increases the pro rata portion of the funds available in the Company's trust account in the event of the consummation of an initial business combination, liquidation, or other redemption event, by $0.0625 per share.
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TRIB | Hot Stocks08:19 EDT Trinity Biotech welcomes decision of High Court of Kenya to strike out lawsuit - Trinity Biotech welcomes the recent decision by the High Court of Kenya. The court has struck out both the interim application and the entire lawsuit filed by Gamma Zenith Kenya Limited against Trinity Biotech, Radiance Pharmaceutical, the Kenyan Ministry of Health, and the Kenyan Attorney General, that sought to prevent the Kenyan Ministry of Health's procurement of TrinScreen HIV test kits. The High Court also discharged the interim orders that previously placed temporary restrictions on the procurement of TrinScreen HIV tests. This court ruling marks a positive development for both public health in Kenya and Trinity Biotech. It signifies the removal of the legal barriers that had hindered the sale of TrinScreen HIV test kits to the Kenyan Ministry of Health. Consequently, Trinity Biotech is now able to proceed with supplying TrinScreen HIV in Kenya. Trinity Biotech expects to imminently receive TrinScreen HIV orders for the new Kenyan HIV rapid testing algorithm. A separate legal case against the Kenyan Ministry of Health and others, which challenged the new HIV rapid testing algorithm, was scheduled for a ruling on October 5, 2023. However, the ruling was not delivered as the trial judge was not available. The ruling will be delivered on notice, meaning that the court will issue its decision at a later date.
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ORYZF | Hot Stocks08:18 EDT Oryzon Genomics presents blinded aggregate safety data from PORTICO trial - Oryzon Genomics announced that the company presented an update on vafidemstat's ongoing Phase IIb PORTICO trial in borderline personality disorder at the 36th European College of Neuropsychopharmacology Congress, held on October 7-10 in Barcelona, Spain. Oryzon presented a poster communication entitled "PORTICO - Double-blind, randomized placebo-controlled, adaptive phase IIb trial with vafidemstat in borderline personality disorder - aggregated baseline characteristics, demographics and safety", which was presented by Dr. Michael Ropacki, Oryzon's CMO for CNS. PORTICO enrolled the last patient in July 2023. The data presented at ECNP-2023 correspond to the analysis of aggregated blinded safety data cut as of August 23, 2023. As of September 2023, PORTICO randomized 210 participants, and 131 of the originally planned participants already completed the trial. Results obtained confirm that PORTICO enrolled a representative real-world BPD population allowing common comorbidities and concomitant medications that are typically exclusionary in other BPD trials, as well as allowed subjects to receive psychotherapy during the trial. The screen failure and dropout rates were lower than in the most recent BPD clinical trial. Finally, the aggregated blinded safety data on the fully enrolled sample supports that vafidemstat has been extremely safe and well-tolerated, with a low number of discontinuations due to treatment-emergent adverse events and 0% due to serious TEAEs. Only one serious TEAE deemed severe was reported, which fully recovered/resolved during the study. PORTICO is a global double blind, randomized, placebo-controlled, adaptive 14-week Phase IIb trial evaluating the efficacy and safety of vafidemstat in a BPD population. The trial has multiple primary endpoints: reduction of agitation and aggression and overall disease improvement in BPD severity. The trial recruited patients in the US, Germany, Spain, Bulgaria and Serbia, and aims to analyze 150 patients who complete the trial, randomized in two arms at a 1:1 ratio. The trial is fully recruited and last patient out is expected before the end of 2023. Topline results are expected in Q1 2024, followed by a full data presentation at a psychiatric conference, as well as in a peer-reviewed journal publication.
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CNNEF | Hot Stocks08:16 EDT Canacol Energy says gas sales averaged 161 MMscfpd in September - Realized contractual natural gas sales were 161 million standard cubic feet per day for September 2023. Average realized contractual natural gas sales for the month of October 2023 to date are 162 MMscfpd, with current contractual natural gas sales as of October 9, 2023 being 180 MMscfpd of gas. Realized contractual natural gas sales for the third quarter of 2023 averaged 178 MMscfpd, down slightly from the 185 MMscfpd and 186 MMscfpd reported in the second and first quarters respectively. Preliminary adjusted EBITDAX for the third quarter is estimated to be $61 million and in line with the $60.7 million and $60.9 million reported in the second and first quarters respectively. Commencing the second week of August 2023 the Corporation experienced unusual and unexpected production capacity restrictions at some of its gas fields as a result of issues at the Jobo gas treatment facility as well as certain of its producing wells. As a result of the foregoing the Corporation has had to restrict gas deliveries under certain supply contracts dedicated to supplying non-essential gas demand, all in accordance with applicable Colombian regulations and in consultation with the relevant authorities. The Corporation is presently working on remediating this short-term disruption and expects to have production back to normal levels shortly. The Corporation anticipates that it will be able to make up lost sales volumes by year end and meet its average production and financial targets and therefore does not expect this situation to have a material impact on its operations and results. The Corporation completed the drilling of the Aguas Vivas 4 development well on September 16, 2023, encountering 357 feet true vertical depth ("ft TVD") of net gas pay within the main Cienaga de Oro sandstone target. The well was tied into permanent production and has been on production since September 26, 2023. The Corporation completed the drilling of the Clarinete 9 development well on October 5, 2023. The well encountered 236 ft TVD of net gas pay within the CDO sandstone reservoir and is currently being cased and completed prior to tying into the permanent production facility by October 24, 2023. The Corporation completed the drilling of the Fresa 2 appraisal well targeting sandstones of the upper CDO sandstone reservoir that are productive in the offsetting Fresa 1 exploration well drilled in 2021. Fresa 2 encountered 10 ft TVD of net gas pay within the upper CDO target. The Corporation is scheduling to complete and tie in the Fresa 2 well in November 2023. The Corporation is currently drilling the Pandereta 9 and Nelson 15 development wells, both targeting infill drilling locations within the respective producing fields. The Corporation plans to have both wells tied in and on production prior to the end of October 2023.
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ACN | Hot Stocks08:16 EDT Accenture announces strategic investment in Aliro Quantum - Accenture announced a strategic investment through Accenture Ventures in Aliro Quantum, a provider of multi-purpose, end-to-end entanglement-based secure quantum networks. The investment will help Accenture and Aliro equip clients with secure quantum networks that establish safe and secure data and communications.
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NUWE | Hot Stocks08:15 EDT Nuwellis provides regulatory update on SeaStar Medical's SCD-PED - Nuwellis announced that its distribution partner, SeaStar Medical, received correspondence from the U.S. Food and Drug Administration's, FDA, Center for Biologics Evaluation and Research, CBER, indicating that the Agency considers SeaStar's Selective Cytopheretic Device, SCD, Pediatric, SCD-PED, to be approvable under a Humanitarian Device Exemption, HDE, for use in children weighing 10 kilograms or more with acute kidney injury, AKI, and sepsis or a septic condition requiring continuous kidney replacement therapy, CKRT, in the hospital intensive care unit, ICU. The correspondence indicates that an Approvable Letter is expected to be issued within a month. The Approvable Letter will outline conditions, including language for safety, probable benefit and labeling for intended use, which will be required for formal marketing approval. "This regulatory update is an important milestone for our partner, SeaStar, who intends to follow the regulatory path laid out by the FDA for marketing approval to commercialize SCD for the pediatric indication by the end of 2023," said Nestor Jaramillo, Jr., President and CEO of Nuwellis. "Nuwellis' pediatric team is excited to finally bring this lifesaving therapy to serve the needs of its growing network in the pediatric clinical community."
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EHMEF | Hot Stocks08:15 EDT Goeasy announces $175M increase to automotive securitization facility - goeasy announced a $175 million increase to its existing revolving securitization warehouse facility collateralized by automotive consumer loans with the addition of Wells Fargo Bank as a new lender to the syndicate. The Company has increased its Automotive Securitization Facility from $200 million to $375 million. The Automotive Securitization Facility, which was originally established in November 2022, will continue to be structured by Bank of Montreal, with the addition of Wells Fargo Bank as a new lender to the syndicate. The facility continues to bear interest on advances payable at the rate of 1-month Canadian Dollar Offered Rate plus 185 bps. Based on the current 1-month CDOR rate of 5.39% as of September 29, 2023, the interest rate would be 7.24%. The Company will continue utilizing an interest rate swap agreement to generate fixed rate payments on the amounts drawn to assist in mitigating the impact of increases in interest rates.
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KIDS | Hot Stocks08:13 EDT OrthoPediatrics announces limited release of DF2 Brace - OrthoPediatrics announced the limited release of the DF2 Brace as part of its expansion in the non-surgical business for treating kids with musculoskeletal injuries. The DF2 Brace is intended for femur fracture fixation in pediatric patients from approximately 6 months to 5 years of age instead of spica cast by providing immobilization of the femur, knee, and hip. Joe Hauser, President of Trauma and Deformity Correction at OrthoPediatrics, added, "This is the first product launch for the OrthoPediatrics Specialty Bracing group and will significantly improve the care of kids with femur fractures. The ability to eliminate anesthesia and complications associated with spica casts, all while reducing the overall cost of care is a significant advancement in pediatric orthopedics for patients, their families and surgeons."
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MCHP | Hot Stocks08:13 EDT Microchip announces family of PIC32CZ CA 32-bit microcontrollers - To allow designers to easily integrate security into their applications, Microchip Technology announces a new family of PIC32CZ CA 32-bit microcontrollers with a 300 MHz Arm Cortex-M7 processor, an integrated Hardware Security Module, and a wide range of connectivity and Flash memory options for added flexibility. The new family of PIC32CZ CA devices includes the PIC32CZ CA90 with a HSM or the PIC32CZ CA80 without the integrated HSM. The HSM in the PIC32CZ CA90 is a monolithic solution that provides advanced security for industrial and consumer applications. The HSM operates as a secure subsystem with a separate MCU on board that runs the firmware and security features including hardware secure boot, key storage, cryptographic acceleration, true random number generator and more.
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GNSS | Hot Stocks08:11 EDT Genasys announces $1M U.S. Army CROWS-AHD prototype contract - Genasys announced a $1M contract with the U.S. Army to design and build the first CROWS-AHD prototypes. This effort is a continuation of the CROWS-AHD Technical Feasibility Study that Genasys completed earlier this year. "Adding LRAD 450XLs to CROWS is a natural extension of our successful U.S. Army AHD Program of Record," said Richard S. Danforth, Chief Executive Officer of Genasys Inc. "This innovative merging of two existing technologies will improve operational effectiveness and reduce the incidence of non-combatant casualties." The feasibility study is being conducted by the Program Executive Office Soldier, located in Ft. Belvoir, VA. The fiscal year 2024 defense appropriations bill is expected to provide initial funding for the CROWS-AHD program and Congress has expressed an interest in accelerating the fielding of this capability. The current contract funds the effort through May 2024.
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KTOS | Hot Stocks08:11 EDT Kratos' OpenSpace Platform achieves MEF 3.0 Carrier Ethernet certification - Kratos Defense & Security Solutions announced that its OpenSpace Platform is the first commercially available, fully virtualized satellite ground system to achieve MEF 3.0 Carrier Ethernet certification. The OpenSpace Platform enables satellite operators to deliver and manage their services for applications including communications, MilSatcom, earth observation, remote sensing and more. Entirely software-defined and using the same industry standards adopted by global terrestrial and mobile network carriers, such as MEF's Carrier Ethernet standard, OpenSpace makes satellite service networks interoperate seamlessly with terrestrial and cellular transport networks.
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MAIA | Hot Stocks08:11 EDT MAIA Biotechnology says THIO showed highly potent anticancer activity in gliomas - MAIA Biotechnology announced that its lead asset THIO showed highly potent anticancer activity in gliomas, an aggressive type of brain tumor that originates from glial cells. THIO's novel dual mechanism of action - direct telomere targeting and immune system activation, has previously demonstrated similar efficacy in multiple types of telomerase-active tumors. THIO was evaluated in various in vitro and in vivo models of gliomas. The results demonstrate the promising therapeutic role of THIO for the treatment of primary and temozolomide-resistant recurrent gliomas through specific telomerase-mediated induction of telomeric DNA damage in glioma cells.
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IMAB | Hot Stocks08:11 EDT I-Mab provides update on TJ-L14B/ABL503 antibody developments - I-Mab announced multiple recent developments in TJ-L14B/ABL503, a differentiated PD-L1 x 4-1BB bispecific antibody developed in collaboration with ABL Bio. TJ-L14B/ABL503 is designed to address tumors resistant to PD-(L)1 antibodies through its unique ability to conditionally activate 4-1BB upon binding to its target, PD-L1. I-Mab owns 50% of the global rights of TJ-L14B/ABL503. On September 7, 2023, TJ-L14B/ABL503 successfully obtained patent registration in eight Eurasian countries. The patent secures patent rights extending through 2039. Patent examinations are currently underway in over 20 countries, including the U.S., China, and Europe. TJ-L14B/ABL503 is currently being investigated in a Phase 1 dose-escalation study in patients with progressive, locally advanced or metastatic solid tumors who are relapsed or refractory following prior lines of treatment. Currently, I-Mab has observed 1 complete response, 1 partial response, and 2 patients who achieved an unconfirmed objective response upon recent enrollment. The maximum tolerated dose has not yet been reached. The company anticipates presenting the top-line Phase 1 clinical data at a major medical conference in the first half of 2024. Being developed jointly with ABL Bio, TJ-L14B/ABL503 is a differentiated PD-L1-based bispecific antibody. Preclinical studies have demonstrated that the bispecific antibody shows better anti-tumor activity than equimolar doses of single agents alone or in combination. A Phase 1 study is currently being conducted in the U.S. and South Korea.
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PBI | Hot Stocks08:11 EDT Ambi Robotics, Pitney Bowes team to automate 'Middle-Mile Sorting' - Ambi Robotics and Pitney Bowes announced the successful deployment of the new AmbiSort B-Series modular parcel induction and sorting solution for middle-mile operations. This collaboration between two industry leaders advances ecommerce and logistics operations through cutting-edge automation and emerging technologies."The successful deployment of the AmbiSort B-Series is a result of strategic and collaborative innovation between the two companies," said Jim Liefer, CEO of Ambi Robotics. "Pitney Bowes is pioneering the future of smart logistics and has been at the forefront of transforming warehouse work to align with the demands of constant ecommerce. This partnership serves as a model of such collaborative innovation and sets a high bar for future supply chain modernization."
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ELYS | Hot Stocks08:09 EDT Elys Game Technology adds third sportsbook location in Washington D.C. - Elys Game Technology announced the expansion of its footprint in Washington, D.C. with the addition of a third sportsbook location, Grand Central Sportsbook on H Street. The new location builds on the success of both the Grand Central Restaurant and Sportsbook and the Cloakroom Gentlemen's Club Over Under Sportsbook Lounge, which have been operating successfully in the nation's capital. "The small business model presents a compelling opportunity as it offers customers convenient access to betting on their favorite sports while enjoying a night out at their local social establishment," said Michele Ciavarella, Executive Chairman of Elys Game Technology, Corp. "We are buoyed by industry trends in the United States and believe that as more states adopt this model, we can rapidly expand our customer base with minimal upfront costs."
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PREKF | Hot Stocks08:09 EDT PrairieSky Royalty appoints Dan Bertram as CCO - PrairieSky Royalty announced the appointment of Dan Bertram as Vice-President, Business Development and Chief Commercial Officer. Bertram was most recently Senior Vice President and Chief Strategy Officer at Superior Plus Corp., a leading North American energy distributor.
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ADV | Hot Stocks08:08 EDT Advantage Solutions announces new headquarters in St. Lous, MO - Advantage Solutions announced it is relocating its corporate headquarters to St. Louis, Mo., in the first quarter of 2024. The company will leverage St. Louis' central location to reach clients more efficiently and serve as a hub to meet and innovate with the world's largest consumer goods companies and retailers. "St. Louis is one of the great cities in the U.S., boasting top universities, a diverse talent pool, affordable living, and a central location that will foster more frequent, in-person connections with our teammates and our brand and retail clients," said Dave Peacock, CEO of Advantage Solutions. "We're excited to tap into St. Louis' deep talent pool to fuel our purpose of connecting people with products and experiences that enrich their lives."
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CURLF | Hot Stocks08:07 EDT Curaleaf applies to list subordinate voting shares on Toronto Stock Exchange - Curaleaf Holdings announced that it has filed its application to list the company's subordinate voting shares on the Toronto Stock Exchange. As previously announced, the company completed a marketed offering of subordinate voting shares on October 3, 2023 in order to satisfy a condition required for a potential listing on the TSX.
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ECOR | Hot Stocks08:07 EDT electroCore announces data from two abstracts on nVNS - electroCore announced top line data from two abstracts being presented at the 15th World Stroke Congress held October 10-12, 2023, in Toronto, Canada on the possible role of nVNS in the treatment of acute neurological injuries. The nVNS research presented at the 2023 World Stroke Congress covers two recently completed trials as follows: 1. Non-Invasive Vagus Nerve Stimulation Is Safe and Efficacious In The Treatment Of Headache Associated With Subarachnoid Hemorrhage: In this study conducted at Northwell Health in New York, there was a significant reduction in the overall pain score with a therapeutic gain of - 0.5 points in favor of nVNS. There was a 14% decrease in the Average Morphine Equivalent Dosage after two weeks of treatment as well as a trend towards a 3 day decrease in average hospital stay that did not reach significance, possibly due to the size of the study. 2. Non-invasive Vagus Nerve Stimulation in Acute Ischemic Stroke: NOVIS is a prospective randomized clinical trial with blinded outcome assessment being conducted at the Leiden University Medical Center. 150 patients with ischemic stroke are being randomly allocated to nVNS for five days in addition to standard treatment versus standard treatment alone. The primary endpoint is the final infarct volume on day five as assessed with MRI.
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INO | Hot Stocks08:06 EDT Inovio receives positive FDA feedback for accelerated Phase 1/2 INO-3107 trial - Inovio has received feedback from the FDA that data from its completed Phase 1/2 trial of INO-3107 for the treatment of RRP could support Inovio's submission of a BLA for review under the FDA's accelerated approval program. The FDA also advised that the company's previously planned Phase 3 randomized, placebo-controlled trial would not be required to support this submission. Inovio will be required to initiate a confirmatory trial prior to BLA submission for accelerated approval and satisfy all other FDA filing requirements. The design of the confirmatory trial has not yet been finalized. If approved, INO-3107 would be the first DNA medicine in the U.S. and the first Inovio candidate to receive regulatory approval. Treatment with INO-3107 generated a strong immune response in the trial, inducing activated CD4 T cells and activated CD8 T cells with lytic potential. T-cell responses were also observed at Week 52, indicating a persistent cellular memory response. INO-3107 was well tolerated by participants in the trial, resulting in mostly low-grade treatment-emergent adverse effects such as injection site pain and fatigue.
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TZUP | Hot Stocks08:06 EDT Thumzup announces ranking in top 7.7% of Active Reg A+, Reg CF offerings - Thumzup Media announced its ranking in the top 7.7 percent of active Regulation A+ and Regulation Crowdfunding ventures, according to KingsCrowd data as of September 27, 2023. This recognition underscores Thumzup's success in democratizing the online advertising industry through its breakthrough platform. The Thumzup mobile app, which is available for download in the App Store and Google Play, enables advertisers to garner user generated content from customers and fans, incentivizing them to become social media advocates for the brands they enjoy by paying them cash for approved posts. Thumzup has successfully raised more than $4.25 million in funding since the company's inception. The Company believes that this signifies that its vision and strategy are resonating not only with investors, but also with its users and advertisers. This accomplishment is a clear indicator of increasing investor confidence in Thumzup, underscoring its multi-faceted appeal and operational efficacy.
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ACLS | Hot Stocks08:06 EDT Axcelis ships Purion Dragon to research center in Europe - Axcelis Technologies announced a shipment of the Purion Dragon high current implanter to a world-leading research and innovation center in nanoelectronics and digital technologies located in Europe. The system will be used in technology development for advanced logic devices. The system shipped in the third quarter of 2023.
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TBI | Hot Stocks08:05 EDT TrueBlue promotes Carl Schweihs to CFO - TrueBlue announced that Carl R. Schweihs has been promoted to Chief Financial Officer from his position as President & COO of TrueBlue's People Management division effective October 30. Schweihs will succeed Derrek Gafford who, after nearly two decades as CFO, is leaving to pursue other opportunities. To ensure a smooth transition, Gafford will serve in an advisory capacity through the end of the year.
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DLHC | Hot Stocks08:05 EDT DLH Holdings appoints David Affeldt as strategic advisor - DLH Holdings announced that David Affeldt has been appointed to a strategic advisory role for the Company. In this position, Mr. Affeldt will provide insight to executive management and the Board of Directors on a broad range of information technology solutions, including client services, organic growth, and corporate development. Affeldt is the former President and CEO of Grove Resource Solutions, which was acquired by DLH in December 2022.
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AEMD | Hot Stocks08:04 EDT Aethlon Medical cleared in India to conduct Phase 1 trial of Hemopurifier - Aethlon Medical announced that it has received clearance from the Drug Controller General of India, the central drug authority in India, to conduct a phase 1 safety, feasibility and dose-finding trial of the company's Hemopurifier in patients with solid tumors who have stable or progressive disease during anti-PD-1 monotherapy treatment, such as Keytruda or Opdivo. The trial is expected to begin following completion of an internal in vitro binding study of relevant targets, and subsequent approval by the respective Ethics Boards of interested sites in India.
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NOGN | Hot Stocks08:04 EDT Nogin announces exit from product sales business - Nogin announced final agreements with various parties that complete the transition of Nogin exiting its product business. After this quarter, there will be no product sales reported from these businesses, which Nogin had previously indicated were targeted for transition. In addition, each of these relationships is now converted into a CaaS structure whereby Nogin contributes its ecommerce expertise while the partners we've allied ourselves with contribute their considerable product sourcing, design and inventory management expertise. These transactions will drive favorable impacts to our income statement and balance sheet and enable these customer relationships and businesses to grow substantially in the near term. Jonathan Huberman, Nogin's President, Chief Executive Officer and Chairman, said: "As we have consistently communicated, our product related business was not generating the financial results consistent with our profitability targets nor our business strategy. During our Q2 results call we noted two clients in this category, which, as of this week, we've consummated a transition plan with various parties for each. Consequently, we are moving into the final quarter of the year with a business that is 100% focused on our CaaS offering, and we're on track to report full year results that reflect material reductions in SG&A and other efficiencies."
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IBIO | Hot Stocks08:04 EDT iBio to highlight technology for advancing discovery of bispecifics - iBio announced that Matt Greving Ph.D., its Vice President of Platform Technologies and Machine Learning, has been selected to present on the Company's technology for enhancing bispecific T-cell engagers at the Festival of Biologics from Oct. 10-12 in Basel, Switzerland. Dr. Greving's presentation, titled "Enhancing Bispecific T Cell Engager Discovery, Potency, Safety and Developability with Machine Learning and Mammalian Display," will provide an overview of how iBio's technology stack - including epitope engineering, fully human antibody library and EngageT for bispecific optimization - potentially overcomes challenges in the discovery of bispecific TCEs, a promising area of research in immunotherapies for cancer. He will present data demonstrating how iBio's machine learning (ML)-driven epitope steering and mammalian-display antibody libraries efficiently discover diverse TCE arms tuned for potency, toxicity, developability and cyno cross-reactivity. The presentation will take place on Oct. 12 at 12:20 p.m. CET.
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CLAR | Hot Stocks08:03 EDT Clarus acquires TRED Outdoors from Venlo Holdings - Clarus announced it has acquired Australian-based TRED Outdoors Pty from Venlo Holdings. TRED is a fast-growing, outdoor adventure brand producing best-in-class innovative products across the following segments: Offroad, 4x4 automotive touring, camping and caravans. The transaction includes a combination of cash, stock and future consideration based on TRED's performance. Warren Kanders, Executive Chairman of Clarus, added, "This transaction highlights our continued focus on identifying sought-after brands within the Adventure segment that both enhance our offering to existing retail customers and expand our reach into new and larger channels. The acquisition is expected to be immediately accretive to earnings." Terms of the transaction were not disclosed.
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CELZ | Hot Stocks08:03 EDT Creative Medical Technology's Phase 1/2 trial for back pain approved by IRB - Creative Medical Technology has received Institutional Review Board - IRB - approval to proceed with its clinical trial for the treatment of chronic lower back pain with its StemSpine procedure using AlloStem cell therapy. The receipt of IRB approval is a necessary step that will allow Creative Medical Technology to move forward with recruitment of its recently FDA approved Phase 1 /2 randomized, double blind, placebo controlled clinical trial to evaluate the safety, efficacy, and tolerability of CELZ-201-DDT. An IRB is an FDA-registered consortium that has been formally designated to review and monitor biomedical research involving human subjects. IRB approval is a necessary prerequisite to commencing human clinical trials.
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SRAD | Hot Stocks08:03 EDT Sportradar selected to power Taiwan Sports Lottery - Sportradar has been selected as the official technology and services solution provider by the Taiwan Sports Lottery, following an international tender process. Based on the breadth of services included, the structure and longevity of the industry-first agreement, Sportradar is set to transform the sports betting experience in Taiwan as part of the consortium that will operate the Taiwan Sports Lottery from 2024 through 2033. Being appointed as part of the consortium formed by ADATA Technology as the license holder, Taiwan Sports Lottery Company Ltd as the operator and China Trust Bank, further strengthens Sportradar's industry position in the Asia Pacific region. The consortium was awarded the third Sports Lottery License issued by the Taiwan Government's Sports Administration in December 2022. ORAKO, the Company's end-to-end sportsbook and player account management solution, will be fully implemented across more than 2,600 retail outlets in Taiwan as well as across web and mobile channels as it is designed to scale for omnichannel use. Sportradar's technology will power the Lottery with ORAKO Sports Betting and Player Management platform, Managed Trading Services, Pre-match and Live data and odds, Audiovisual streaming, Marketing services and other Sportradar ORAKO solution integrated services. The solution includes the delivery of the required equipment at retail stores including customized lottery terminals and printers, and digital multimedia displays to provide live sports and betting information. As part of the agreement, Sportradar also established a local team in Taipei to provide operational support and expertise alongside TSLC's team members on the ground.
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BB NOW | Hot Stocks08:03 EDT BlackBerry partners with ServiceNow to automate IT operations - BlackBerry (BB) announced they have partnered with ServiceNow (NOW) to automate device management for organizations. The solution, which integrates ServiceNow's Flow Designer and BlackBerry UEM, will help reduce administrative burdens on IT teams across the most frequently leveraged device management tasks while maintaining the highest levels of security. Available now in the ServiceNow Store, the new, certified integration automates tasks including user activations, policy configurations, device commands, and more. IT teams will be able to customize the UEM actions they would like to automate for a solution that is tailored to their organization.
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GOL | Hot Stocks07:58 EDT Gol Linhas reports preliminary traffic data for September 2023 - Gol Linhas reported preliminary air traffic figures for September 2023 vs. the same period in 2022. GOL's total supply- ASK - increased 4.7%. Total seats increased 12.1% and the number of departures increased by 11.2%. GOL's total demand - RPK - increased by 6.7%. GOL's domestic supply increased 6.1% and demand increased by 8.4%. GOL's domestic load factor was 83.4%. The volume of departures increased by 11.4% and seats increased by 12.3%. GOL's international supply was 296 million and RPK was 243 million. Cargo volume was up 81.7%, reaching 10,2 thousand tons in September.
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SLG | Hot Stocks07:50 EDT SL Green Realty president Andrew Mathias to depart - SL Green Realty Corp. announced that Andrew Mathias will leave his role as President at the end of his current employment agreement on December 31, 2023. Mr. Mathias will remain as a member of the Company's Board of Directors and will serve in an advisory role to the CEO.
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AMRC | Hot Stocks07:50 EDT Ameresco completes GBP 4M multi-phase infrastructure redevelopment project - Ameresco announced that it has completed a GBP 4M multi-phase infrastructure redevelopment project with the Barnsley Metropolitan Borough Council. The project was completed in two key phases, the first phase focused on replacing existing coal-fired boilers with a new combined heat and power, or CHP, and gas-fired system, while the second phase prioritized the decarbonization of heat.
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DPMLF | Hot Stocks07:50 EDT Dundee Precious Metals reports Q3 gold production 74.1K oz. - Reports copper production 7.2M lbs. "In the third quarter, we continued our strong operating track record, with Ada Tepe achieving a new record for quarterly gold production and Chelopech delivering solid production in-line with our expectations," said David Rae, President and Chief Executive Officer of Dundee Precious Metals. "We continue to be well-positioned to achieve our 2023 guidance targets for gold and copper production."
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KMDA | Hot Stocks07:40 EDT Kamada continues to conduct business operations in Israel - Kamada announced that while circumstances in Israel are evolving, the Company continues to conduct its business operations in Israel with no effect on business continuity, and its global supply of products is not expected to be interrupted. Kamada will provide further updates if and when material events so warrant. "We, at Kamada, are profoundly horrified by the devastating terrorist attacks in Israel during recent days. Our deepest condolences, thoughts and prayers are with those impacted by these terrifying events," said Amir London, CEO. "We are focused on the well-being of our Israeli employees, providing them with support required. While events in Israel are evolving, our global activity and the supply of our products are expected to continue as planned. We are monitoring the situation closely and will provide updates if and when needed. We thank all our partners, investors and customers who have reached out during recent days to express their heartfelt support."
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AGEN | Hot Stocks07:36 EDT Agenus completes enrollment in in Phase 2 trial ACTIVATE-Colorectal - Agenus announced completion of the planned patient enrollment in ACTIVATE-Colorectal, a randomized Phase 2 trial in advanced colorectal cancer, CRC, evaluating the efficacy and safety of botensilimab, BOT, as monotherapy and in combination with balstilimab, BAL, or standard of care in patients with metastatic heavily pre-treated colorectal cancer..."There is a significant need for improved treatment options for heavily pre-treated CRC patients and we anticipate data from ACTIVATE-Colorectal will build upon the positive results from our phase 1 study," said Chief Medical Officer, Dr. Steven O'Day. "Our gratitude goes out to the patients, care partners, physicians, and nurses involved in this trial, as we push forward with BOT/BAL to bridge vital gaps in cancer care." Agenus is exploring global accelerated approval strategies for CRC. The totality of data from the phase 1 and 2 studies will contribute to a planned Biologics License Application to the U.S. FDA in 2024. The U.S. FDA has granted Fast Track designation for BOT/BAL in patients with non-MSI-H/dMMR metastatic colorectal cancer and no active liver involvement who are resistant or intolerant to a fluoropyrimidine, oxaliplatin, and irinotecan, and who have also received a VEGF inhibitor, an EGFR inhibitor and/or a BRAF inhibitor, if indicated."
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BDRBF | Hot Stocks07:36 EDT Bombardier to display Challenger, Global aircraft at NBAA-BACE 2023 - Bombardier announced its lineup of Challenger and Global aircraft on display at static during NBAA-BACE in Las Vegas Oct. 17-19, highlighting the uncompromising attributes of its aircraft family. Shining brightly at NBAA-BACE this year will be the immaculate Global 7500, Global 6500, Challenger 3500, and Challenger 650 business jets. A Challenger 300 Certified Pre-Owned aircraft will also be on display, marking the first time a sought-after CPO aircraft will be showcased to the public in North America. The company said, "Bombardier's impressive lineup of long- and ultra-long-range aircraft aptly highlights the outstanding characteristics that sets it apart from the competition, trumpeting the fleets' unsurpassed performance, outstanding technological advancements, cutting-edge sustainability attributes, and luxurious, exceptional cabins for maximum productivity and comfort."
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NCNO | Hot Stocks07:35 EDT nCino announces Honor Bank deployed its commercial banking solution - nCino announced that Honor Bank, a full-service community bank in Northern Michigan, is live on the nCino Cloud Banking Platform. The Bank implemented nCino's Commercial Banking Solution in just six months. With nCino, Honor Bank is streamlining operations and enhancing the customer experience while strengthening its competitive edge regionally. "For over a century, Honor Bank has been deeply committed to serving the banking needs of the Northern Michigan community," said Pamm Laing, Executive Vice President and Senior Credit Officer at Honor Bank. "As a part of this commitment, we believe in continuous innovation and improvement. Our partnership with nCino not only gives us a competitive advantage but provides us with the best tools to serve our customers so they have the banking experience they deserve."
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AMST | Hot Stocks07:34 EDT Amesite launches 12 courses with Michigan Works! Southeast - Amesite announced the expansion of its partnership with Michigan Works! Southeast. In this collaboration, 12 new courses will be launched in 2023, focusing on training in artificial intelligence technologies and its applications in the modern workplace. These courses will be made available on MWSE's proprietary Learning Community Environment powered by Amesite. The new courses delve into the transformative wave of Industry 4.0, offering a deep dive into how digitalization is reshaping the workplace. With dedicated modules on the underpinnings of internet technology and the challenges posed by AI in job retention, the curriculum provides essential insights for today's workforce. Notably, several courses spotlight the innovative use of ChatGPT, teaching students to craft compelling resumes, cover letters, and follow-up emails, and even optimize their online job search and interview strategies. Additionally, there's a strong emphasis on leveraging AI for business growth and ensuring robust data safety in an ever-connected world.
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POET | Hot Stocks07:34 EDT Poet Technologies collaborates with Yuanjie Semiconductor Technology - POET Technologies announced that it is collaborating with Yuanjie Semiconductor Technology. The collaboration will enable POET's joint venture, Super Photonics Xiamen, to ramp optical engines to high-volume production utilizing YST's lasers. "As we start ramping production of our optical engines, securing an additional reliable laser source that is well established in the industry with known good quality is of utmost importance to our business," said Dr. Suresh Venkatesan, Chairman & CEO of POET. "Our partnership with YST has enabled POET and SPX to deliver reliable, high-performance optical engines to customers. SPX will start production of 100G CWDM4, POET ONE (a 100G single chip TxRx engine), 100G LR4 and 200G FR4 optical engines using YST's directly modulated lasers (DMLs) this month and we expect to extend the collaboration to other products in the future."
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BBIO | Hot Stocks07:32 EDT BridgeBio announces proof-of-concept Phase 2b data on encaleret - BridgeBio Pharma announced that the proof-of-concept Phase 2b data evaluating the effects of orally-administered encaleret on mineral homeostasis in patients with ADH1 were published in the New England Journal of Medicine in partnership with the National Institutes of Health. As part of the Phase 2b study, participants completed one or two 5-day inpatient dose-ranging periods, followed by a 24-week outpatient period. Encaleret was administered twice daily with doses adjusted to achieve normal albumin-corrected blood calcium levels and participants stopped taking calcium and vitamin D supplements, the standard of care for ADH1. The results showed that: Encaleret corrected hypocalcemia and reduced hypercalciuria within a few days of treatment initiation with sustained effect during the 24-week outpatient period; As expected with elevated PTH levels, levels of bone turnover markers increased during the outpatient period, with levels in nine of 13 participants remaining normal. Long-term study will continue to assess skeletal effects; Kidney function and preexisting renal calcifications did not worsen and will continue to be monitored in longer-term studies. No serious adverse events were reported with encaleret. Treatment-related adverse events were limited to infrequent mild, transient, asymptomatic hypophosphatemia, or hypercalcemia that resolved either spontaneously or with dose adjustment; No treatment discontinuations or study withdrawals occurred
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CGC | Hot Stocks07:32 EDT Canopy Growth's Kincardine cultivation facility granted EU GMP certification - Canopy Growth received EU GMP certification from RP Tuebingen, Regional Health Inspectorate of Baden-Wuerttemberg for the company's world class cannabis cultivation facility in Kincardine, Ontario. The receipt of EU GMP certification enables Canopy Growth to continue exporting certified medical cannabis to medical markets in Europe as well as other medical cannabis markets around the world. Canopy Growth's medical brands currently service European medical markets in Germany, Czech Republic, and Poland as well as Asia-Pacific markets including Australia & New Zealand.
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ZVRA | Hot Stocks07:31 EDT Zevra Therapeutics appoints McFarlane as President, CEO, dierctor - Zevra Therapeutics announced that Neil McFarlane has been named President and Chief Executive Officer of Zevra and appointed to the Board of Directors, effective October 10, 2023. Neil succeeds Christal M.M. Mickle who has been serving as interim CEO and President since June 2023, and who will continue serving in her role as Chief Development Officer. Concurrently, the Company announced the effectiveness of Joseph Saluri's previously announced retirement from the Board of Directors. Saluri's retirement is in accordance with the plan announced by the Company on May 8, 2023. McFarlane most recently served as the Chief Executive Officer and a member of the Board of Directors of Adamas Pharmaceuticals, Inc. until November 2021
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UROY | Hot Stocks07:28 EDT Uranium Royalty announces $30M bought deal financing - Uranium Royalty entered into an agreement with a syndicate of underwriters, led by BMO Capital Markets as sole bookrunner, under which the underwriters have agreed to purchase, on a bought deal basis, 10,205,000 common shares at a price of U.S.$2.94, for gross proceeds of approximately $30 million. The Company has granted the Underwriters an option, exercisable at the offering price for a period of 30 days following the closing of the Offering, to purchase up to an additional 15% of the Offering to cover over-allotments, if any. The Offering is expected to close on or about October 17, 2023 and is subject to the Company receiving all necessary regulatory approvals. The Company currently intends to use the net proceeds of the Offering primarily to fund future purchases of physical uranium, implement its growth strategy through future acquisitions of royalties, streams, physical uranium and similar interests, and for other general working capital purposes.
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BFLY | Hot Stocks07:19 EDT ThinkSono joins Butterfly Garden for ThinkSono AI on Imaging Platform - ThinkSono has joined Butterfly Garden, an artificial intelligence Marketplace launched by Butterfly Network (BFLY). Under this partnership, ThinkSono plans to build ThinkSono AI training solutions and ThinkSono Guidance, a deep vein thrombosis clinical solution for use with Butterfly's single-probe, whole-body handheld ultrasound system, subject to applicable approvals and authorizations. ThinkSono and Butterfly aim to enable healthcare practitioners to learn several key point-of-care ultrasound scans, including the detection of deep vein thrombosis.
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LASE | Hot Stocks07:18 EDT Laser Photonics receives order from Electrostatic Refinishing Solutions - Laser Photonics finalized an order for its CleanTech LPC-1500-CTHD laser cleaning system from Electrostatic Refinishing Solutions.
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ORAAF | Hot Stocks07:15 EDT Aura Minerals reports Q3 production 64,875 GEO - Total production in GEO increased by 34% in Q3 2023 compared to Q2 2023, due to the commencement of commercial production in Almas mine, higher production at the Aranzazu, San Andres and EPP mines. Compared to Q3 2022, production increased 12%. At Aranzazu, production was 27,933 GEO in line with the Company's expectations. Production was 11% higher compared to Q2 2023, due higher tonnage and higher head grades. Compared to Q3 2022, production also increased by 7%. At EPP, production was 11,185 GEO, 62% higher in Q3 2023 than in Q2 2023. As expected, the production increase in EPP was attributable to the high-grade zone in Ernesto and a reduction in the use of existing stockpiles. The Company will continue mining in the higher-grade zone in Ernesto during the last quarter of the year and expects a robust fourth quarter production, in a trend similar to the one observed in 2022. Compared to Q3 2022, production decreased 38%. At San Andres, production was 17,543 GEO for the quarter, representing a 7% increase compared to the previous quarter. This represents a third quarterly increase in production in a row. The quarter's production was enhanced by operational efficiency with the upgrade in the stacking system with the installation of new grasshoppers, boosting productivity. Compared to Q3 2022, production at San Andres increased by 25%. At Almas, production was 8,214 GEO considering only two months of production. Almas commenced commercial production this quarter, and the results have exceeded market benchmarks. Furthermore, upgrades in infrastructure are underway to increase the plant processing capacity for the upcoming quarters. Rodrigo Barbosa, Aura's President and CEO commented, "In this quarter, we experienced a significant rise in production volumes in all our operations. Also, a standout accomplishment this quarter was Almas's ramp-up, which exceeded industry benchmarks. As our operations thrived, we finalized and released a highly accretive Feasibility Study, secured funding and commenced construction at Borborema. We, at Aura team, are focused and building a solid track record in order to achieve our 450,000 Oz annualized by the end of 2025."
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DORM | Hot Stocks07:14 EDT Dorman Products launches hundreds of products - Dorman Products is releasing 250 new motor vehicle parts this month, representing millions of new sales opportunities for automotive parts distributors, retailers, and repair shops. The new products further reinforce Dorman's mission to provide technicians and owners greater freedom to fix motor vehicles with internal combustion, hybrid, and electric powertrains. This month's new releases include an innovative Dorman OE FIX intake manifold for select late-model Jeep and Ram vehicles equipped with Chrysler EcoDiesel engines in which soot buildup in the original equipment manifold may cause a severe loss of power.
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SMX | Hot Stocks07:14 EDT SMX secures majority stake in True Gold Consortium - SMX has signed an agreement with True Gold Consortium to acquire an additional 7.5% equity stake, thereby increasing the company's common share holdings in privately held TrueGold to 51.9%. In exchange for the additional 7.5% equity, the agreement stipulates, among other things, a waiver of outstanding payables amounting to AU$475K - approximately $307K - from TrueGold to SMX as of June 30, 2023 and SMX licensing additional intellectual property to TrueGold. The valuation underpinning this transaction is based on a previous assessment conducted in October 2021, which appraised TrueGold's worth between $78.5M and $90M, using the mean value of $84.3M. SMX and TrueGold will commission an independent third-party appraiser to ascertain an updated valuation of TrueGold by October 31. TrueGold will have the right, within 12 months, to repurchase the additional interest from Security Matters for a purchase price based on such fair value.
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ABCM DHR | Hot Stocks07:13 EDT Jonathan Milner urges Abcam shareholders to vote against proposed acquisition - Jonathan Milner, the founder and one of the largest shareholders in Abcam (ABCM), issued an open letter to the Company's shareholders in light of the recently published scheme circular detailing the proposed acquisition of Abcam by Danaher Corporation (DHR) or its affiliates. The letter read in part, "I, along with my team of advisers, have considered the details of the Scheme Circular: Management's projections were everything I hoped they would be with Abcam now poised to reap the returns of the five-year plan and significant investments made. This transaction is not due to close until mid-2024, a transformational year for Abcam: FY23 to FY24 EBITDA margins are expected to increase by over 600bps accompanied by 16% revenue growth. I believe that such delivery would be expected to result in a significant uplift in Abcam's share price. Longer term, the Scheme Circular describes an even more attractive business: revenue growth of 14%; significant expansion in adjusted EBITDA margins from FY23 through to FY26 when margins are expected to be nearly 50%, an increase of 1,140 bps. With so much value creation potential ahead why is the Board rapidly pushing this transaction through now? Now more than ever, $24 is the wrong price at the wrong time and represents a significant transfer of value from Abcam's shareholders to Danaher's shareholders. I will be issuing a more extensive presentation in the coming days which will cover the reasons to vote against the $24 per share bid from Danaher...I URGE ALL SHAREHOLDERS TO VOTE AGAINST THIS PROPOSED TRANSACTION AND SEND A CLEAR MESSAGE TO THE BOARD THAT THEY ARE DISSATISFIED WITH THE PROPOSED ACQUISITION. YOU CAN CONTINUE TO VOTE AGAINST USING THE VALID WHITE PROXY CARD OR THE BLUE FORM OF PROXY / BLUE ADS VOTING INSTRUCTION."
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FPI | Hot Stocks07:13 EDT Farmland Partners announces several asset dispositions, farm acquisition - Farmland Partners announced that it finalized numerous transactions over the third quarter of 2023, including the disposition of more than 13,500 acres in California, Colorado, Georgia, Illinois, Louisiana, and Kansas, and the purchase of a 1,523-acre farm in Morehouse Parish, Louisiana. The sales cumulatively totaled more than $70M and represented a gain on sale of approximately 17%. The acquisition in Louisiana is nearby other FPI farmland and primarily produces corn and soybeans. It was purchased for approximately $11M.
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LTHCF | Hot Stocks07:11 EDT Lithium Ionic increases ownership stake in Salinas project to 85% - Lithium Ionic announces that it has increased its mineral rights ownership in the Salinas projec from 40% to 85% as a result of having successfully fulfilled certain exploration commitments, which included R$21.3 million spent on exploration activities on the Project. Blake Hylands, P.Geo., Chief Executive Officer of Lithium Ionic, commented, "Our increased ownership of the Salinas property marks an important milestone in our growth strategy and underscores our commitment to unlocking value with the advancement of this key asset. We look forward to the continued progress of the Salinas project and the opportunities it holds for our Company." Lithium Ionic gained control of the Salinas project in March 2023 by acquiring Neolit Minerals. Salinas encompasses nine exploration tenements totaling 5,713 hectares within the Salinas region, situated in the low-pressure, high-temperature Curralinho Pegmatite Field of the lithium-rich Aracuai Pegmatite District. The Company has been actively drilling at the Salinas Project since May 2023.
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PWFL MIXT | Hot Stocks07:11 EDT PowerFleet and MiX Telematics announce business combination - PowerFleet (PWFL) and MiX Telematics (MIXT) have entered into a definitive agreement to form a mobile asset Internet of Things Software-as-a-Service provider. This combination will form a scaled, global entity focused on solving mission-critical business challenges including safety and risk management, compliance, sustainability, and operational efficiency. The combined business will have a total revenue of $279M, including $210M in recurring high-margin SaaS revenue and $39M of adjusted EBITDA for the twelve-month period ended June 30, 2023. The transaction is expected to close in 1Q24. Upon close, the combined business will be branded as Powerfleet, with its primary listing on Nasdaq. With a combined base of approximately 1.7 million subscribers following the transaction, the joint entity is expected to achieve significant scale. MiX shareholders will exchange 100% of their outstanding MiX ordinary shares for consideration consisting of Powerfleet common shares, payable at closing. The number of Powerfleet common shares to be issued as consideration will be based on a post-transaction ownership structure, whereby current MiX shareholders will own approximately 65%, and current Powerfleet shareholders will own approximately 35% of the combined entity immediately following the closing of the transaction. Powerfleet and MiX are positioned to secure $75M in incremental debt which the companies anticipate will be fully executed at or before close. The proceeds from the refinancing of the combined company's balance sheet will be used to redeem in full the outstanding convertible preferred stock held by affiliates of Abry Partners. Following the transaction, Steve Towe will remain CEO of Powerfleet and David Wilson will remain CFO. Stefan Joselowitz, current CEO of MiX, will be retiring. A new board of directors of Powerfleet will be formed. Michael Brodsky will be Chairman. Steve Towe will be on the board. Ian Jacobs, MiX Telematics' current Chairman, will be joining the board. MiX will appoint one additional board member and further board member appointments will be made by mutual consent.
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MNTS | Hot Stocks07:11 EDT Momentus customers integrated and shipped to SpaceX launch site - Momentus has integrated its customers launching on the SpaceX Transporter-9 mission and shipped the payloads to Vandenberg Space Force Base for integration with Falcon 9 ahead of launch, which is targeted for no earlier than November 2023. The AMAN-1 Earth Observation satellite will be deployed for SatRev of Poland. The satellite can also be used for other services such as land survey, precision agriculture, weather, environmental and smart cities. TThe Picacho satellite will be deployed for Lunasonde - a U.S. sub-surface imaging company with the goal of making underground resources - like water and minerals - easier to find. The Picacho CubeSat is a technology demonstration of Lunasonde's sensors. It will measure the power spectral density of low-frequency radio signals in the ionosphere, which will help inform designs for the company's future satellites..."Our goal is to support mission success for our customers by providing responsive and cost-effective transportation options," said Momentus Chief Commercial Officer Chris Kinman. "The five payloads flying with us on the SpaceX Transporter-9 mission are critical to our customers' space development roadmaps, and we're honored that we are their space infrastructure provider of choice."
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EMOTF | Hot Stocks07:10 EDT Emerita Resources announce additional drilling results from IBW project - Emerita Resources announces additional drilling results from the ongoing drilling program at La Romanera Deposit, part of Emerita's wholly owned Iberian Belt West project, IBW. IBW hosts three previously identified massive sulphide deposits: La Infanta, La Romanera and El Cura. Results contained in this release are from La Romanera deposit where drilling is tracing the extension of the deposit at depth.
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MDNA | Hot Stocks07:09 EDT Medicenna Therapeutics appoints Gardner as CMO - Medicenna Therapeutics announced the appointment of Humphrey Gardner, M.D., as Chief Medical Officer, CMO, to lead the development strategy and execution of Medicenna's clinical programs. Dr. Gardner's career in the biopharmaceutical industry spans over two decades. Most recently, Dr. Gardner served as CMO at Harbour BioMed advancing novel antibody and bispecific therapeutics in oncology.
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GXO | Hot Stocks07:08 EDT GXO Logistics, ASOS celebrate 10th anniversary of partnership - GXO Logistics announced that it is celebrating its 10th year as a strategic supply chain partner for online fashion destination ASOS. "We're proud to have served ASOS for the past decade, providing an array of services at multiple sites in the UK and Europe," said Gavin Williams, Managing Director, U.K. & Ireland, GXO. "Over the last ten years we have handled nearly 400 million customer orders and over 270 million returns at our UK sites alone. ASOS is a true partner, sharing our commitment to supply chain excellence as well as corporate social responsibility, in particular the fantastic engagement programmes we deliver together for our on-site colleagues. We look forward to continuing our shared success, leveraging our leading teams, expertise and technologies to help ASOS excel." GXO manages inbound and outbound warehouse operations as well as returns, repairs and salvage for ASOS. The partnership began at a single facility in Barnsley, U.K., in 2013, and together the companies have since expanded their footprint in the U.K. and Europe. GXO also handles transport operations with a fleet of approximately 30 trailers.
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EFXT | Hot Stocks07:07 EDT Enerflex appoints Dhindsa as Interim CFO - Enerflex announced the appointment of Preet Dhindsa as Interim Chief Financial Officer, CFO, effective October 13, 2023. Enerflex has retained an executive search firm and will consider Mr. Dhindsa and other candidates as part of its process to identify the Company's next permanent CFO. Dhindsa is a seasoned financial leader with more than 25 years of experience, primarily in the energy and financial services sectors. He most recently served as Executive Vice President and CFO at ENMAX Corporation
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NXHSF | Hot Stocks07:07 EDT Next Hydrogen Solutions secures $7.7M agreement for project - Next Hydrogen Solutions has entered into a $7.7M agreement for a project involving a specialized nuclear application. Under the agreement, Next Hydrogen will conduct design engineering and subsequently provide the electrolyser needed (Phase 2) for the Project. A $5M purchase order has been received for Phase 1 with a follow-on order of $2.7M planned for Phase 2 with electrolyser delivery expected to occur in 2025.
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NMRA AMGN | Hot Stocks07:06 EDT Neumora Therapeutics appoints Lenz as EVP, Head of Research, Development - Neumora Therapeutics (NMRA) announced the appointment of Robert Lenz, M.D., Ph.D., as executive vice president. EVP, head of research and development. Dr. Lenz is a member of Neumora's Executive Team reporting to Henry Gosebruch, chief executive officer. Dr. Lenz brings 20 years of experience developing novel drugs in areas of significant unmet medical need and vast clinical execution expertise to Neumora. In his most recent role as head of global development at Amgen (AMGN), Dr. Lenz oversaw more than 130 interventional study starts with more than 53,000 patients enrolled in over 50 countries.
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NOVV | Hot Stocks07:05 EDT Nova Vision Acquisition announces additional contribution to trust account - Nova Vision Acquisition announced that Nova Pulsar Holdings Limited, the Company's initial public offering sponsor, has deposited into the Company's trust account an aggregate of $69,763.37, in order to extend the period of time the Company has to complete a business combination for an additional one month period, from October 10, 2023 to November 10, 2023. The Company issued a promissory note to Sponsor with a principal amount equal to the amount deposited. The promissory note bears no interest and is convertible into the Company's units at a price of $10.00 per unit at the closing of a business combination by the Company. The purpose of the extension is to provide time for the Company to complete a business combination.
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AKRO | Hot Stocks07:05 EDT Akero Therapeutics reports 36-week analysis of Phase 2b SYMMETRY study - Akero Therapeutics reported a 36-week analysis of SYMMETRY, a 96-week Phase 2b study evaluating the efficacy and safety of its lead product candidate efruxifermin in patients with compensated cirrhosis due to nonalcoholic steatohepatitis. A trend was observed for the primary endpoint of fibrosis improvement at 36 weeks, with 22% and 24% of the 28mg and 50mg EFX-treated groups, respectively, experiencing at least a one-stage improvement in liver fibrosis and no worsening of NASH, compared with 14% for placebo. In addition, 4% of patients in each of the EFX-treated groups experienced a three- or two-stage fibrosis improvement without worsening of NASH - from compensated cirrhosis to F1 or F2, compared with 0% for placebo. Statistically significant rates of NASH resolution in 63% and 60% of patients at week 36 were observed for the 28mg and 50mg EFX-treated groups, respectively, compared with 26% for placebo, representing the highest response rates reported to date for NASH resolution in this patient population. Statistically significant improvements were also observed for both EFX groups in non-invasive markers of liver injury and fibrosis, insulin sensitization and lipoproteins. "We believe this analysis of the SYMMETRY study contributes to a growing body of evidence for EFX's potential to benefit patients with NASH who are either cirrhotic or pre-cirrhotic.," said Andrew Cheng, M.D., Ph.D., president and chief executive officer of Akero. "We set a high bar with the primary endpoint after only 36 weeks of treatment. Viewing these data in their totality, including a fibrosis improvement trend, reports of regression from cirrhosis to stage two fibrosis, statistically significant rates of NASH resolution, and statistically significant and sustained reductions in markers of liver injury and fibrosis after 36 weeks, we believe EFX has the potential to show additional improvements for patients after the long-term follow-up period is complete at Week 96."
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CPRT | Hot Stocks07:05 EDT Copart announces strategic investment and partnership with Purple Wave - Copart announced a new strategic investment and partnership with Purple Wave, an online offsite heavy equipment auction company. Founded in 2000, Purple Wave is a pioneer in the online equipment auction industry, facilitating the sale of construction, agriculture and fleet equipment directly from a seller's location through its no-reserve auction platform on purplewave.com.
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PSTV | Hot Stocks07:03 EDT Plus Therapeutics completes dosing in cohort 4 ReSPECT-LM Phase 1 trial - Plus Therapeutics announced it has completed dosing in Cohort 4 of the ReSPECT-LM Phase 1/2a dose escalation clinical trial of rhenium obisbemeda for the treatment of leptomeningeal metastases from solid tumors. In addition, the Company has completed the transfer of proprietary materials, protocols, and equipment from Biocept under the terms of the recently announced expanded agreement for CNSide, a cerebrospinal fluid-based tumor cell capture and enumeration assay being utilized in the ReSPECT-LM clinical trial. "The speed at which we are enrolling in the ReSPECT-LM trial reflects multiple factors, including the increasing number of patients diagnosed with LM, the lack of good therapeutic options and growing enthusiasm for the trial," said Marc H. Hedrick M.D., President and Chief Executive Officer of Plus Therapeutics. "Furthermore, significant updates on both the ReSPECT-LM and ReSPECT-GBM studies are planned for November 15-19, 2023 at the Society for Neuro-Oncology Annual Meeting."
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GRTS | Hot Stocks07:03 EDT Gritstone reports inducement grants under Nasdaq listing rule - Gritstone bio announced that the Compensation Committee of the company's Board of Directors granted three employees nonqualified stock options to purchase an aggregate of 47,000 shares of its common stock with an exercise price of $2.41, which is equal to the closing price of Gritstone's common stock on October 5, 2023, the date of the grant. These stock options are part of an inducement material to the new employees becoming an employee of Gritstone, in accordance with Nasdaq Listing Rule 5635(c)(4). The stock options will vest over a four-year period, with 25% of the options vesting on the first anniversary of the employees' date of hire, and 1/48th of the options vesting monthly thereafter, subject to the employees' continued employment with Gritstone on such vesting dates. The stock options are subject to the terms and conditions of Gritstone's 2021 Employment Inducement Incentive Award Plan and the stock option agreement covering the grant.
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BTAI | Hot Stocks07:02 EDT BioXcel Therapeutics reports survival results from Phase 2 trial of BXCL701 - BioXcel Therapeutics today announced positive overall survival data from its Phase 2 trial of BXCL701, the Company's investigational oral innate immune activator, in combination with KEYTRUDA in patients with small cell neuroendocrine prostate cancer, SCNC. As of a data cutoff of September 6, 2023, evaluable patients with SCNC showed a median OS of 13.6 months, and a 12-month survival rate of 56.5%. "OS is the most meaningful measure by which the effectiveness of an oncology treatment is evaluated. Though these results are based on a non-randomized cohort of patients, observing a median OS of this duration including patients with long-term survival at 12 months and beyond shows exceptional promise, bearing in mind historic data with checkpoint inhibitor monotherapy in this high-risk subset of prostate cancer," said Rahul Aggarwal, M.D., Principal Investigator, Associate Director for Clinical Sciences, Helen Diller Family Comprehensive Cancer Center, and Professor of Medicine at the University of California San Francisco. "SCNC represents a major unmet medical need, with the majority of patients unfortunately succumbing to their disease in less than one year following chemotherapy. The results of this trial suggest that BXCL701 has the potential to extend the lives of patients, and I look forward to its continued clinical development."
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OLMA NVS | Hot Stocks07:02 EDT Olema Oncology expands collaboration agreement with Novartis - Olema Pharmaceuticals (OLMA) announced an amendment to the existing clinical collaboration and supply agreement with Novartis Institutes for BioMedical Research, Inc. (NVS) to increase the size of the ongoing Phase 1/2 clinical study testing palazestrant in combination with ribociclib to approximately 60 patients. Olema first signed a clinical collaboration and supply agreement with Novartis in July 2020, the agreement was amended and restated in January 2022, and focuses on the evaluation of the safety, tolerability and efficacy of palazestrant in combination with Novartis' proprietary cyclin-dependent kinase 4 and 6 inhibitor ribociclib and/or Novartis' proprietary phosphatidylinositol 3-kinase inhibitor alpelisib in patients with metastatic ER+ breast cancer. The amendment adds approximately 30 patients to be enrolled in the cohort expansion phase of the palazestrant clinical study in combination with ribociclib.
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IMCC | Hot Stocks07:02 EDT IM Cannabis names Uri Birenberg as CFO - IM Cannabis is pleased to announce that Uri Birenberg will join the company's leadership team as CFO, effective October 10. This appointment strengthens IMC's financial leadership and strategic direction for achieving sustainable profitability. Birenberg is a senior financial executive, who brings over two decades of experience of financial planning and analysis. Prior to joining IMC, Birenberg served as CFO of Hygear Ltd, a start up in the healthcare fitness tech industry. Birenberg follows Itay Vago, who will be leaving the position after presenting the Q3 2023 results in November 2023. During the next weeks, Birenberg and Vago will be working together closely to assure a smooth transition process.
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PLTR | Hot Stocks07:00 EDT Palantir awarded AI/ML contract by U.S. Army - Palantir announced that the Army has awarded a new contract for up to three years to provide additional capabilities in support of the Combatant Commands - COCOMs -, Armed Services, Intelligence Community, and Special Forces as they continue to test, utilize, and scale artificial intelligence - AI - and machine learning - ML - capabilities. The contract, posted to the Department of Defense contracting website last week, is worth up to $250M through 2026. Since 2018, Palantir has partnered with the Army to provide leading data integration, management, and AI model training to all of the Armed Services, COCOMs, and special operators to create a common operating picture. Building on the partnership, this new phase will further the Joint All-Domain Command and Control efforts across these forces.
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SPIR | Hot Stocks06:49 EDT Spire Global selected by MAN Energy Solutions for digitalization of navigation - Spire Global was selected by MAN Energy Solutions to provide weather data and real-time automatic identification system vessel-tracking data. MAN-ES will integrate Spire AIS and weather data into its digital solution, PrimeServ Assist, a monitoring and advisory tool for the decarbonization and optimization of marine equipment. This integration aims to provide customers with improved performance, maintenance scheduling and decarbonization insights. In order to further accelerate the rate of digitalization in the maritime industry, MAN-ES and Spire will also collaborate on the development of AI models designed to analyze engine data and create more cost-efficient solutions for its customers.
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OCGN | Hot Stocks06:46 EDT Ocugen's mucosal vaccine candidate selected by NIH/NIAID project for trials - Ocugen announced that the National Institute of Allergy and Infectious Diseases - NIAID -, a part of the National Institutes of Health, or NIH, will conduct a trial comparing the administration of Ocugen's mucosal vaccine candidate, OCU500, via two different mucosal routes, inhalation into the lungs and as a nasal spray. Ocugen is developing a novel anti-viral mucosal vaccine platform initially targeting COVID-19 and influenza. Earlier clinical studies to prevent COVID-19 employing a similar vector administered via inhalation demonstrated increased mucosal antibodies, systemic antibodies, and durable immune response up to one year using one fifth of the dose compared to the same vaccine given via intramuscular administration. NIAID will be conducting clinical trials to evaluate several early stage vaccine candidates. The study involving Ocugen's vaccine is designed to help answer an important question - does an inhaled COVID-19 vaccine provide greater immune response than the same vaccine administered through a nasal spray. Upon completion of the trial NIAID and Ocugen will assess the results and determine next steps for OCU500. Project NextGen is a $5B multi-government agency initiative to develop the next generation of vaccines and therapeutics to combat the spread of COVID-19. Ocugen will be responsible for providing clinical trial materials and upon completion will have full right of reference to the findings.
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COHR... | Hot Stocks06:42 EDT Coherent's silicon carbide semiconductor business to receive $1B in investments - Coherent (COHR) announced that Denso (DNZOY) and Mitsubishi (MSBHF) Electric have agreed to invest an aggregate $1B in its silicon carbide business. The transaction results from the strategic review process announced in May for the Business. Denso and Mitsubishi Electric will each invest $500M in exchange for a 12.5% non-controlling ownership interest in the business, with Coherent owning the remaining 75%. Prior to the completion of the transaction, Coherent will separate and contribute the business to a subsidiary. Coherent will control and operate the business, which will continue to be led by Sohail Khan, Coherent's Executive VP, New Ventures & Wide-Bandgap Electronics Technologies. The business will enter into long-term supply arrangements with Denso and Mitsubishi Electric that support their demand for 150 mm and 200 mm silicon carbide substrates and epitaxial wafers. The investment will fund the manufacturing expansion of the Business's substrates and epitaxial wafers. The transaction will enable Coherent to increase its available free cash flow to provide greater financial and operational flexibility to execute its capital allocation priorities, as it expects the aggregate $1B investment will be used to fund future capital expenditure requirements of the Business. The transaction is expected to close in Q1 of calendar year 2024.
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TRMB | Hot Stocks06:38 EDT Trimble announces FedRAMP authorized status for e-Builder - Trimble announced that e-Builder Enterprise Government Edition has received an Authorization to Operate, or ATO, based on the security assessment requirements of the Federal Risk Authorization Management Program, or FedRAMP. The FedRAMP program addresses the security of commercial cloud service providers and helps government officials manage risk in a cloud-based environment.
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MMS | Hot Stocks06:38 EDT Maximus raises quarterly dividend to 30c from 28c per share - The dividend is payable on November 30 to shareholders of record on November 15.
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AL... | Hot Stocks06:37 EDT Air Lease announces Q3 activity update - Air Lease (AL) announced an update on aircraft investments and sales activities occurring in the third quarter of 2023. As of September 30, 2023, ALC's fleet was comprised of 448 owned aircraft and 79 managed aircraft, with 351 new aircraft on order from Boeing (BA) and Airbus (EADSY) set to deliver through 2029. Aircraft Investments: Delivered eight new aircraft from ALC's order book including two Airbus A220-300s, two Airbus A321neos, one Airbus A330-900neo, two Boeing 737-8s, and one Boeing 737-9. Aircraft investments in the quarter totaled approximately $450M. Sales: Sold eight aircraft to third-party buyers. Aircraft sales proceeds for the quarter totaled approximately $350M.
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CME | Hot Stocks06:36 EDT CME Group reports T-Bill futures have traded more than 6,000 contracts - CME Group announced that its Treasury Bill, or T-Bill, futures, launched on October 2, have traded more than 6,000 contracts, with open interest exceeding 1,500 contracts.
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OCS | Hot Stocks06:35 EDT Oculis' OCS-01 eye drops meet primary and secondary Phase 3 endpoints in DME - Oculis presented the positive results from Stage 1 of the Phase 3 DIAMOND trial of OCS-01 in patients with DME at the 23rd EURETINA congress. Data from the Stage 1 of the DIAMOND Phase 3 program showed that the trial met primary and secondary endpoints with robust statistical significance, and achieved its objective of confirming the loading and maintenance dose to be tested in Stage 2 of the trial. The trial met its primary endpoint, showing a statistically significant improvement in Best Corrected Visual Acuity in patients treated with OCS-01versus vehicle-treated patients at Week 6, which was sustained through Week 12. For two secondary endpoints, a significantly higher percentage of patients treated with OCS-01 achieved greater than or equal to improvement in BCVA, and patients in the OCS-01 treatment arm also showed significant improvement in retinal thickness as compared to vehicle. OCS-01 was well-tolerated with no unexpected adverse events observed. If approved, OCS-01 has the potential to become the first topical eye drop for the treatment of DME and address the current treatment gap by providing a non-invasive therapeutic option. Leveraging Oculis' proprietary Optireach technology, OCS-01 is a novel topical formulation of dexamethasone developed to reach the retina via an eye drop. Diabetic Macular Edema is the leading cause of vision loss and legal blindness in patients with diabetes.
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ANNX | Hot Stocks06:35 EDT Annexon: EMA grants orphan drug designation to ANX005 - Annexon announced that the European Medicines Agency granted orphan drug designation to ANX005 for the treatment of Guillain-Barre Syndrome. The U.S. FDA previously granted orphan drug designation to ANX005 for the treatment of GBS. Importantly, Annexon has also achieved target enrollment of 225 patients in the randomized, double-blind, placebo-controlled Phase 3 trial of ANX005 in patients with GBS. This key milestone enables the company to deliver topline Phase 3 data in the first half of 2024.
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HUT... | Hot Stocks06:34 EDT Hut 8 Mining mined 111 Bitcoin in September - Hut 8 Mining mined 111 Bitcoin in September. In total, 111 Bitcoin were generated, resulting in an average production rate of approximately 3.7 Bitcoin per day. No Bitcoin were sold during the month, Total balance of Bitcoin in reserve was 9,366 on September 30 - 7,269 of which were unencumbered. Installed ASIC hashrate capacity at Alberta facilities was 2.6 EH/s at the end of the month. Hut 8 produced 42.7 BTC/EH in September.
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MRK | Hot Stocks06:32 EDT Merck: KEYNOTE-671 trial meets dual primary endpoint of OS - Merck announced the Phase 3 KEYNOTE-671 trial investigating KEYTRUDA, Merck's anti-PD-1 therapy, as a perioperative treatment regimen for patients with resectable stage II, IIIA or IIIB non-small cell lung cancer met its dual primary endpoint of overall survival. At a pre-specified interim analysis, KEYTRUDA plus chemotherapy before surgery, followed by resection and KEYTRUDA as a single agent after surgery, demonstrated a statistically significant and clinically meaningful improvement in OS compared to neoadjuvant placebo plus chemotherapy followed by adjuvant placebo in these patients. The safety profile of KEYTRUDA was consistent with that observed in previously reported studies; no new safety signals were identified. Full results from this analysis of KEYNOTE-671 will be presented at the European Society for Medical Oncology Congress 2023 and shared with regulatory authorities worldwide.
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NYC | Hot Stocks06:17 EDT American Strategic Investment Co. responds to tender offer from Bellevue Capital - American Strategic Investment Co. has filed with the SEC a Solicitation/Recommendation Statement on Schedule 14D-9 and Letter to Stockholders dated October 10 regarding the tender offer commenced by Bellevue Capital Partners on September 27 to purchase up to 350,000 shares of the company's Class A common stock at a price of $10.25 per share. The company's board of directors has made no determination of the fairness of the Tender Offer or whether it is in the best interests of stockholders, makes no recommendation and is neutral as to whether stockholders should accept or reject the offer to tender their shares. The company urges each stockholder to make its own decision regarding the Tender Offer based on the available information. The Tender Offer will expire at 11:59 PM, NYC time, on October 26, unless extended or earlier terminated by Bellevue.
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SOL | Hot Stocks06:17 EDT Emeren announces inaugural solar energy storage project in China - Emeren announced that it has successfully completed the grid connection of its inaugural solar storage project on September 26 in Ningbo, Zhejiang Province, China. This project has a capacity of 0.6 MW/1.2 MWh, operates behind the meter and is backed by a private long-term power purchase agreement, or PPA, with a local off-taker. It has been strategically designed to yield high returns through daily price arbitration, emphasizing the Company's commitment to sustainable and financially responsible energy solutions.
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MOD | Hot Stocks06:15 EDT Modine Manufacturing to expand production of EVantage thermal management systems - Modine announced that it will expand production of its EVantage thermal management systems product family to Europe. Beginning in 2024, Modine's facility in Pontevico, Italy, will manufacture battery thermal management and electronics cooling systems for heavy-duty, commercial, and specialty vehicle manufacturers across the continent.
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SLI | Hot Stocks06:10 EDT Standard Lithium drills highest grade lithium brine in North America - Standard Lithium announced it has drilled and sampled, to the best of its knowledge, a new highest confirmed lithium grade brine in North America, with a grade of 663 mg/L lithium. The results reflect lithium sample analyses from a newly drilled well from the company's expansion work in the East Texas Smackover region. The Smackover Formation represents North America's lithium brine asset with grades comparable to certain resources in South America.Results for the Phase 1A project in El Dorado, Arkansas, show a target production of 5,400 tons per annum of battery quality lithium carbonate over a 25-year operating life, with an average lithium grade of 217 mg/L. The Preliminary Feasibility Study for the company's South West Arkansas Project outlines plans for at least 30,000 tpa of battery quality lithium hydroxide over a 20-year operating life, with an average reported lithium grade of 437 mg/L. Lithium grades in the company's projects indicate an increasing trend moving westward from Phase 1A to the South West Arkansas Project and finally, into East Texas.
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HON | Hot Stocks06:07 EDT Honeywell announces plan to realign business segments - Honeywell announced plans to realign its business segments to three compelling megatrends: automation, the future of aviation, and energy transition. The company said this shift within the company's segments will enable Honeywell to deliver accelerated organic sales growth and inorganic capital deployment, creating greater value for shareholders. The new segmentation will take effect beginning first quarter of 2024. Effective January 1, 2024, Lucian Boldea will serve as president and CEO of the Industrial Automation segment, and Ken West will serve as president and CEO of the Energy and Sustainability Solutions segment. Both Boldea and West will report to Kapur and serve as company officers. Billal Hammoud will remain President and CEO of the renamed Building Automation segment, and Jim Currier will remain President and CEO of the renamed Aerospace Technologies segment. Kevin Dehoff will remain President and CEO of Honeywell Connected Enterprise.
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BEEM | Hot Stocks06:04 EDT Beam Global to acquire Amiga DOO Kraljevo for EUR 10M - Beam Global announced the execution of a Stock Purchase Agreement to acquire Europe based Amiga DOO Kraljevo, an established manufacturer of specialized structures and equipment including street lights, communications and energy infrastructure, whose manufacturing, engineering and sales teams serve municipalities, states and commercial customers in 16 nations. The transaction, valued at approximately EUR 10M, is expected to close in early Q4 2023 at which time Amiga will be re-branded Beam Europe. Amiga reported over EUR 8.5M in revenue in 2022, generates positive cash-flows and is growing organically. Beam Global expects the acquisition to be accretive and the company is planning for significant growth with Beam Europe's combination of Amiga's current business and Beam Global's suite of clean-tech products.
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HAE OPSSF | Hot Stocks06:04 EDT Haemonetics to acquire Opsens for C$2.90 per share in cash, sees accretion - Haemonetics (HAE) and OpSens (OPSSF) announced that they have entered into a definitive agreement under which Haemonetics will acquire all outstanding shares of OpSens for C$2.90 per share in an all-cash transaction representing a fully diluted equity value of approximately $253M at current exchange rate. The transaction is expected to be immediately accretive to Haemonetics' revenue growth. On a GAAP basis, Haemonetics expects this transaction to be slightly dilutive to earnings per diluted share in fiscal year 2024 due to transaction and integration costs and accretive thereafter. Haemonetics expects this transaction to be immediately accretive to adjusted earnings per diluted share. The transaction will be affected by way of an arrangement under the Business Corporations Act. Completion of the acquisition is subject to the approval of OpSens shareholders, receipt of court and regulatory approval, as well as certain other closing conditions customary for transactions of this nature. The transaction is expected to close by the end of January 2024. Haemonetics plans to finance this acquisition through a combination of cash and a revolving credit facility. Following this acquisition, Haemonetics' net debt to EBITDA ratio, per the terms set forth in the company's existing credit agreement, is expected to be approximately 2.1x.
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MSTR... | Hot Stocks05:51 EDT FCA has issued 'nearly 150 alerts' on first day of new crypto promotions rules - The U.K.'s FCA said in a statement that changes to legislation that bring cryptoasset promotions under its remit are now in force. "We issued 146 alerts about cryptoasset promotions on the first day of the new regime. We expect businesses including social media platforms, app stores, search engines, domain name registrars and payments firms to consider the alerts we have issued and play their part in protecting UK consumers from illegal promotions. We take a risk-based approach, so not all firms of potential concern will be added straightaway. This list will be continually updated as we identify firms which may be illegally communicating cryptoasset promotions and are failing to engage with us constructively. We also continue to remind people that purchasing cryptoassets remains high-risk and that they should be prepared to lose all their money." 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) and TeraWulf (WULF). Reference Link
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SMX | Hot Stocks05:38 EDT SMX to acquire additional 7.5% equity stake in TrueGold - SMX has signed an agreement dated with True Gold Consortium to acquire an additional 7.5% equity stake, thereby increasing the company's common share holdings in privately held TrueGold to 51.9%. This acquisition helps solidify the partnership between SMX and the other shareholders of TrueGold. This strategic transaction diversifies SMX's operations into TrueGold's pioneering ventures in Research and Development, or R&D, and revenue commercialization. SMX's software technology is powered by a Distributed Ledger blockchain, representing a transformative stride towards ensuring traceability and security across the gold value chain. In exchange for the additional 7.5% equity, the agreement stipulates, among other things, a waiver of outstanding payables amounting to $307,000 from TrueGold to SMX as of June 30 and SMX licensing additional intellectual property to TrueGold. The valuation underpinning this transaction is based on a previous assessment conducted in October 2021, which appraised TrueGold's worth between $78.5M and $90M, using the mean value of $84.3M. This past valuation was neither audited nor reviewed. Pursuant to this agreement, SMX and TrueGold will commission an independent third-party appraiser to ascertain an updated valuation of TrueGold by October 31. This forthcoming appraisal estimates a fair value of TrueGold's assets and liabilities as of the closing date. Subsequently, SMX will reflect its portion of this assessed fair value in its financial statements, and TrueGold shall have the right, within 12 months, to repurchase the additional interest from Security Matters for a purchase price based on such fair value. It is anticipated that there may be material variances between TrueGold's past valuation from October 2021 and the updated assessment.
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IFF | Hot Stocks05:28 EDT IFF secures regulatory approval for 2'-fucosyllactose HMO in China - IFF announced it is one of the first ingredients suppliers to achieve regulatory approval for the use of its 2'-fucosyllactose, or 2'-FL, human milk oligosaccharide, or HMO, in China for infant formula, follow-up formula and formula for special medical purposes for infants.
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WPRT | Hot Stocks05:24 EDT Westport completes H2 HPDI heavy transport demonstration - Westport announced the completion of a heavy transport demonstration with its H2 HPDI fuel system equipped prototype truck hauling a refrigerated trailer in Madrid, Spain. The demo marks the first of its kind in Spain, representing an important step forward in the decarbonization of heavy transport for the country.
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RHHBY | Hot Stocks05:22 EDT Genentech announces topline long-term results from BALATON, COMINO studies - Genentech, a member of Roche, announced topline long-term results from the global Phase III BALATON and COMINO studies evaluating extended treatment intervals with Vabysmo in macular edema due to branch and central retinal vein occlusion, or BRVO and CRVO. From weeks 24 to 72, all people in both studies received Vabysmo using a treat-and-extend dosing regimen, which allows tailoring of their treatment interval according to the individual patient's response to treatment. Data showed people treated with Vabysmo extended their treatment intervals up to every four months while maintaining the vision gains achieved in the first 24 weeks of the trials. Vabysmo continued to show robust and sustained drying of retinal fluid from baseline up to week 72, as measured by reduction in central subfield thickness. This is the first time that vision and anatomical improvements have been maintained for more than a year using a personalized treat-and-extend dosing regimen in both global Phase III BRVO and CRVO trials. In both studies, Vabysmo was generally well-tolerated and the safety profile was consistent with previous trials. Detailed results from weeks 24 to 72 of the Phase III BALATON and COMINO studies will be presented at an upcoming medical meeting. Data from the first 24 weeks of the Phase III BALATON and COMINO studies, presented at Angiogenesis, Exudation and Degeneration 2023, demonstrated early and sustained vision improvement with Vabysmo, with both studies meeting their primary endpoints of non-inferior vision gains compared to aflibercept. A secondary endpoint showed that Vabysmo achieved rapid and robust drying of retinal fluid from baseline to week 24, as measured by reduction in central subfield thickness. Data up to 24 weeks have been submitted to global health authorities, including the FDA and European Medicines Agency. A decision from the FDA is expected in late 2023. Vabysmo targets and inhibits two disease pathways linked to a number of vision-threatening retinal conditions by neutralizing angiopoietin-2 and vascular endothelial growth factor-A. While research is underway to better understand the role of the Ang-2 pathway in retinal disease, Ang-2 and VEGF-A are thought to contribute to vision loss by destabilizing blood vessels, which may cause new leaky blood vessels to form and increase inflammation. By blocking pathways involving Ang-2 and VEGF-A, Vabysmo is designed to stabilize blood vessels. The level of Ang-2 is elevated in RVO and it is thought that increased Ang-2 expression drives disease progression.
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PHG | Hot Stocks05:11 EDT Philips announces new interoperability capabilities - Philips has announced the interoperability of Philips Capsule Medical Device Information Platform, or MDIP, with Philips Patient Information Center iX, or PIC iX, providing hospitals with a comprehensive patient overview. Philips is creating an open patient monitoring ecosystem to bring together disparate medical devices and systems on a single interface. Interoperability between MDIP and PIC iX gives clinicians a new clinical perspective that enables the capture of streaming data flowing freely from a variety of medical device manufacturers on an open, scalable, secure platform. By disseminating this information through the Patient Information Center, clinicians have a single source, comprehensive overview of a patient's condition that helps empower caregivers to make treatment recommendations confidently from anywhere throughout the hospital's digital environment.
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BA | Hot Stocks05:08 EDT Boeing announces TAAG Angola Airlines orders four widebody 787 Dreamliner jets - Boeing and TAAG Angola Airlines announced that the African carrier is adding the 787 Dreamliner to its fleet with an order for four widebody jets. TAAG Angola Airlines currently flies five 777-300ER jets, three 777-200ERs and seven 737-700s to 12 destinations across Africa, Europe, South America and China.
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MAN | Hot Stocks05:04 EDT ManpowerGroup, EIT InnoEnergy partner to train and upskill 800,000 workers - The green transition will drive demand for millions of new roles in renewable energy, electrification, battery technology, hydrogen and more. ManpowerGroup and EIT InnoEnergy are committed to preparing people for these new opportunities, and announced an ambitious partnership to train and upskill 800,000 workers in the battery value chain across Europe by the end of 2025. The collaboration between ManpowerGroup and InnoEnergy's Skills Institute will provide accelerated virtual and in-person training for 70 in-demand roles including Battery Technicians, Electric Vehicle, or EV, Chargers Maintenance Operators, Production Engineers, and more. Additionally, it helps drive progress towards the European Commission's goal of having a skilled workforce to support the European Union's Green Deal.
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