Stockwinners Market Radar for November 17, 2023 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
IFBD | Hot Stocks19:50 EST Infobird Co Ltd trading halted, news pending
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SNDL | Hot Stocks18:50 EST Sundial Growers, Nova Cannabis mutually terminate implementation agreement - Sundial Growers (SNDL) and Nova Cannabis announced the mutual decision to terminate the implementation agreement, dated December 20, 2022, as amended, concerning their previously-announced strategic partnership. SNDL and Nova reaffirm their strong commitment to their ongoing partnership under the management and administrative services agreement. "We are dedicated to building a consumer-centric, regulated products business model within a complex regulatory environment," said Zach George, CEO of SNDL. "The synergy between our companies has already demonstrated great results, and combined efforts and shared vision are key drivers in this journey towards market leadership. SNDL remains committed to being a strong financial partner to Nova, with a focus on fostering sustainable business growth and development." In connection with the termination of the Implementation Agreement, SNDL and Nova have extended the maturity date of Nova's credit facility with SNDL to March 31, 2024.
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MDT | Hot Stocks18:31 EST Medtronic: FDA approves Symplicity Spyral renal denervation system - Medtronic announced that the United States FDA has approved the Symplicity Spyral renal denervation system, also known as the Symplicity blood pressure procedure, for the treatment of hypertension. With this approval, Medtronic will immediately begin commercialization.
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HII | Hot Stocks18:16 EST Huntington Ingalls awarded U.S. Navy contract with potential $185M value - Huntington Ingalls announced that its Ingalls Shipbuilding division received a cost-plus-award fee contract from the U.S. Navy for follow yard support of the Navy's Arleigh Burke-class destroyer program. This contract, which allows for the continuation of key technical management and support functions that enable coordinated production of DDGs under existing construction contracts, includes four option years with a total potential contract value of $185M if all options are exercised. "This is another exciting opportunity for our shipbuilders to demonstrate their versatility in handling all aspects of shipbuilding," Ingalls Shipbuilding DDG 51 Program Manager Ben Barnett said. "We are honored to provide this support to our Navy customer and the nation's defense."
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NKLA | Hot Stocks17:35 EST Nikola CFO Anastasiya Pasterick resigns - In a regulatory filing, Nikola disclosed that on November 13, Anastasiya "Stasy" Pasterick, CFO of Nikola, informed the company that she is resigning from her position to pursue other opportunities. Pasterick will continue to serve as CFO and assist with a transition through December 1, 2023. The company expects to conclude a search for a replacement in short order. In the interim, key financial leadership will report directly to Stephen Girsky, the company's President and CEO.
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TXG NSTG | Hot Stocks17:24 EST 10x Genomics wins patent infringement case against NanoString - 10x Genomics (TXG) announced that a jury in the U.S. District Court for the District of Delaware has reached a unanimous verdict in favor of 10x Genomics in the patent infringement suit 10x filed against the GeoMx products sold by NanoString Technologies (NSTG). In awarding over $31M in damages, the jury found that NanoString's GeoMx Digital Spatial Profiler and associated instruments, reagents and services for RNA and protein detection willfully infringe all seven asserted patents owned by Prognosys and exclusively licensed to 10x Genomics. The jury awarded over $31M in damages for sales of the infringing GeoMx products from May 6, 2021 through October 13, 2023. In post-trial proceedings, 10x intends to seek (a) ongoing royalties for NanoString's willful infringement by sales of the GeoMx products after October 13, 2023; (b) treble damages and attorney's fees for NanoString's willful infringement; (c) a permanent injunction barring the making, using, selling and offering for sale the GeoMx products in the United States; and (d) pre- and post-judgment interest.
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GBNH | Hot Stocks17:05 EST Greenbrook TMS gets noncompliance notification from Nasdaq, intends to appeal - Greenbrook TMS announced that it received notification from Nasdaq Stock that Nasdaq has determined to delist the company's common shares due to noncompliance with the minimum bid requirement and the MVLS requirement. The company received notification on May 16 that it was not in compliance with the minimum bid price requirement for continued listing on Nasdaq, as the bid price for the common shares on Nasdaq closed below $1.00 for 30 consecutive days from March 31 to May 12. The company was provided 180 calendar days, or until November 13, to regain compliance with the minimum bid requirement. In addition, as previously disclosed, the company received notification on May 16 that it was not in compliance with the minimum market value of listed securities requirement, as the market value of the company's listed securities had been below the minimum $35M required for 30 consecutive days from April 3 to May 15. The company was provided 180 calendar days, or until November 13 to regain compliance with the MVLS Requirement.
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OII | Hot Stocks17:03 EST Oceaneering names Catherine Dunn as Chief Accounting Officer - Oceaneering International announced the promotion of Catherine Dunn to Vice President and Chief Accounting Officer, effective December 1, 2023. Dunn joined Oceaneering in June 2002 and has served as Corporate Controller since January 2012. Her career includes significant financial and public accounting experience in the energy industry. Prior to joining Oceaneering, Dunn was with Arthur Anderson.
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LHC | Hot Stocks16:50 EST Leo Holdings Corp II trading halted, news dissemination
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LHC | Hot Stocks16:49 EST Leo Holdings, World View mutually agree to terminate business combination - World View and Leo Holdings Corp. II announced that they intend to mutually agree to terminate their previously announced business combination agreement. Over the course of 2023, World View received strong interest from potential investors. However, given challenging market conditions, World View and Leo jointly determined that it was the best course of action at this time to not proceed with their previously announced transaction. In view of the expected termination of the Business Combination Agreement, Leo determined that it will not be able to consummate an initial business combination within the time period required by its amended and restated memorandum and articles of association. As such, Leo intends to dissolve and liquidate in accordance with the provisions of the Articles and will redeem all of the outstanding Class A Ordinary Shares, par value $0.0001 per share, on or about December 4, 2023. On November 17, 2023, the Public Shares were suspended from trading on the New York Stock Exchange and represent the right to receive the per-share redemption price for the Public Shares of approximately $10.95, based on the amount in the trust account established in connection with Leo's initial public offering as of November 15, 2023. In accordance with the terms of the Articles, Leo expects to retain $100,000 of the interest earned on the Trust Account to pay dissolution expenses. The Per-Share Redemption Amount will be payable to the holders of the Public Shares upon presentation of their respective share or unit certificates or other delivery of their shares or units to Leo's transfer agent, Continental Stock Transfer & Trust Company. Beneficial owners of Public Shares held in "street name," however, will not need to take any action in order to receive the Per-Share Redemption Amount. There will be no redemption rights or liquidating distributions with respect to Leo's warrants. Leo's initial shareholders have waived their redemption rights with respect to the outstanding Class B ordinary shares, par value $0.0001 per share, issued prior to Leo's initial public offering. As of November 12, 2023, Leo ceased all operations except those required to wind up Leo's business. Leo expects that The New York Stock Exchange will file a Form 25 with the U.S. Securities and Exchange Commission to delist its securities.
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FATP | Hot Stocks16:48 EST Fat Projects Acquisition announces termination of business pact with Avanseus - Fat Projects Acquisition Corp announced that it has terminated its Business Combination Agreement with Avanseus Holdings Pte. Ltd. and that it did not extend the deadline to complete its initial business combination to November 15, 2023 therefore it will dissolve and liquidate. Four of its non-management directors and its president and chief operating officer have resigned. On Monday, November 13, 2023, FATP notified Avanseus that FATP was terminating the Business Combination Agreement dated August 26, 2023, as amended, by and between FATP and Avanseus and delivered a formal notice of termination the following day. FATP terminated the Business Combination Agreement because FATP determined that a material adverse effect on Avanseus' financial condition and results of operations had occurred as a result of steady material deterioration in Avanseus' business and revenues since the execution of the Business Combination Agreement and because Avanseus' most recent update to FATP indicated to FATP that Avanseus was unlikely to be able to materially reverse the deterioration in the foreseeable future. The Business Combination Agreement had contemplated the acquisition by FATP of all of Avanseus' outstanding ordinary shares in exchange for newly-issued FATP Class A ordinary shares in a transaction registered with the U.S. Securities and Exchange Commission on Form S-4 making Avanseus a wholly-owned subsidiary of FATP.
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CCVI | Hot Stocks16:45 EST Churchill Capital Corp VI to redeem public shares - Churchill Capital Corp VI announced that its board of directors has determined to redeem all of its outstanding shares of Class A common stock, par value $0.0001 because the company will not consummate an initial business combination within the time period required by its Amended and Restated Certificate of Incorporation. The previously disclosed non-binding letter of intent has been terminated in accordance with its terms. The per-share redemption price for the public shares will be approximately $10.49. The last day that the company's securities will trade on the New York Stock Exchange will be December 1, 2023. Effective as of the close of business on December 4, 2023, the public shares will be deemed cancelled and will represent only the right to receive the Redemption Amount.
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GOOS | Hot Stocks16:31 EST Canada Goose announces renewal of normal course issuer bid - Canada Goose announced that the Toronto Stock Exchange has approved the renewal of its normal course issuer bid. The NCIB as renewed provides for the purchase for cancellation of up to 4,980,505 subordinate voting shares of Canada Goose over the twelve-month period commencing on November 22, 2023 and ending no later than November 21, 2024. This represents approximately 10% of the 49,805,058 subordinate voting shares comprising the public float determined in accordance with TSX requirements as at November 10, 2023. As at November 10, 2023, there were 49,917,029 subordinate voting shares issued and outstanding.
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MASI | Hot Stocks16:24 EST Masimo W1 Medical Watch receives FDA 510k clearance - Masimo announced the Masimo W1 medical watch has received FDA 510(k) clearance for over-the-counter and prescription use. Masimo W1 is the first FDA-cleared watch to provide continuous real-time oxygen saturation and pulse rate for OTC and Rx use. The FDA clearance expands the indications for the Masimo W1 in the U.S. as a medical device for use by adults in hospitals, clinics, long-term care facilities, and in the home. Developed to be comfortable and lifestyle-friendly, the Masimo W1 medical watch empowers users with untethered continuous pulse oximetry as they move about their lives - no matter where they are.
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ALB | Hot Stocks16:17 EST Albemarle names Cynthia Lima to chief external affairs, communications officer - Albemarle announced that Cynthia Lima has been promoted to senior vice president, chief external affairs and communications officer. Lima joined Albemarle early in 2023 as chief communications officer and has expanded her remit to include the global external affairs function. She brings extensive government affairs and communications experience spanning both public and private sectors. Prior to joining Albemarle, Lima founded a communications and public affairs consultancy and held senior positions at domestic and global public relations agencies. Previously, Lima served in the U.S. Department of State and U.S. Department of Veterans Affairs where she was a senate-confirmed presidential appointee.
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MSFT | Hot Stocks16:16 EST Microsoft says it remains committed to OpenAI's team following CEO departure - In a statement, a Microsoft spokesperson said the company remains committed to OpenAI's team following the news of CEO Sam Altman's departure from OpenAI. Microsoft has had a long-term partnership with OpenAI that was extended in January of 2023.
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PRDO | Hot Stocks16:16 EST Perdoceo Education names Todd Nelson as CEO - Perdoceo Education announced that Todd Nelson has been appointed as President and CEO of Perdoceo and transitioned from his position of Executive Chairman of Perdoceo's Board to fill such offices. Nelson previously served as Perdoceo's President and CEO from 2015 to January 2022. In connection with such transition, Gregory Jackson, the Board's current Lead Independent Director, was named Chairman of the Board. Andrew Hurst resigned as President and CEO of Perdoceo and as a director of the company, effective November 15, 2023. The Board accepted Hurst's resignation and also approved a decrease in the size of the Board from nine to eight members.
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CMND | Hot Stocks16:16 EST Clearmind Medicine receives Nasdaq delisting notice - Clearmind Medicine announced receipt of a Staff Delisting Determination from the Listing Qualifications Department of the Nasdaq Stock Market, LLC. The company was notified that Nasdaq has determined to delist the company's securities from the Nasdaq Capital Market for failure to maintain a minimum bid price of $1.00 per share for thirty consecutive business days in accordance with Nasdaq Listing Rule 5550(a)(2). The company plans to appeal the Staff's determination to a Hearings Panel. A hearing request will stay the suspension of the company's securities and the filing of the Form 25-NSE pending the panel's decision.
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RKLB | Hot Stocks16:11 EST Rocket Lab to establish Space Structures Complex in Middle River, Maryland - Rocket Lab announced the expansion of its space systems business with a dedicated production and development complex designed to deliver a comprehensive suite of advanced composite products for the space industry and to further vertically integrate supply for the Company's internal needs across launch and space systems. To support its growing composite product line, Rocket Lab is establishing a Space Structures Complex in Middle River, Maryland, which will support the development and manufacture of carbon composite spacecraft buses, structural panels and assemblies, satellite dispensers, aerostructures and heat shields, composite overwrap pressure vessels, solar panel substrates, launch vehicle structures and more. The site will also play a role in the development and long-term supply of carbon composite structures for Rocket Lab's new medium lift launch vehicle, Neutron.
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MDVL | Hot Stocks16:08 EST Medavail receives Nasdaq notification of non-compliance - MedAvail Holdings announced that on November 16, 2023, the Company received a delinquency notification letter from the Listing Qualifications Department of the Nasdaq Stock Market indicating that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) as a result of its failure to have timely filed its Quarterly Report on Form 10-Q for the quarter ended September 30, 2023 with the Securities and Exchange Commission. The delinquency notification letter provides that, under Nasdaq rules, the Company now has 60 calendar days to submit to Nasdaq a plan to regain compliance in accordance with Nasdaq's listing requirements. If the Company's plan is accepted, Nasdaq may grant the Company up to 180 days, or until May 13, 2024, for the Company to regain compliance. If Nasdaq does not accept the Company's plan, the Company will have the opportunity to appeal that decision to a Nasdaq hearings panel. The delinquency notification letter has no immediate effect on the listing of the Company's common stock on the Nasdaq Capital Market.
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MDRX | Hot Stocks16:08 EST Veradigm receives Nasdaq notice regarding delayed 10-Q filing - Veradigm announced that, as expected, it received a notice from Nasdaq indicating that the company remains noncompliant with Nasdaq Listing Rule 5250(c)(1) because the company has not filed its Annual Report on Form 10-K for the year ended December 31, 2022, Quarterly Report on Form 10-Q for the quarter ended March 31, 2023, Quarterly Report on Form 10-Q for the quarter ended June 30, 2023 and Quarterly Report on Form 10-Q for the quarter ended September 30, 2023. Nasdaq Listing Rule 5250(c)(1) requires listed companies to timely file all periodic reports with the Securities and Exchange Commission.
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QMCO | Hot Stocks16:06 EST Quantum announces Nasdaq notification over delayed 10-Q filing - Quantum Corporation announced that it received a notice from the Listing Qualifications staff of the Nasdaq Stock Market LLC on November 14, 2023 stating that the company is not in compliance with Nasdaq Listing Rule 5250(c)(1) as a result of the company's delay in filing its Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2023 with the Securities and Exchange Commission.
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BWMN | Hot Stocks16:06 EST Bowman Consulting announces new $10M share repurchase program - Bowman Consulting Group announced the authorization by its Board of Directors of a new $10M share repurchase program under which the company may repurchase up to $10M of Bowman's common stock. The authorization is effective from November 17, 2023, through November 16, 2024. The company's prior $10M authorization expired on November 10, 2023, with $9.3M remaining available for repurchase.
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QRVO | Hot Stocks16:05 EST Qorvo chairman Quinsey to retire upon expiration of his term - In a regulatory filing, Qorvo said that chairman Ralph Quinsey informed the company of his decision not to stand for reelection and to retire from the Board upon the expiration of his term at the company's 2024 Annual Meeting of Stockholders. Quinsey also informed the Board that he would step down as Chair and Lead Independent Director as of November 13. Quinsey has advised the company that his decision to retire is to address other professional and personal commitments and is not due to any disagreement with the company on any matter relating to company operations, policies or practices. The Board and company management express their deep appreciation to Quinsey for his dedicated service and significant contributions. The Board has named Dr. Walden C. Rhines as the new Chair of the Board and Lead Independent Director. Dr. Rhines has served as a director of the Company since 2015.
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RCM | Hot Stocks16:01 EST R1 RCM receives notice of filing delinquency from Nasdaq - R1 RCM announced that, as anticipated, it received a letter from Nasdaq's Listing Qualifications Department indicating that, as a result of the company's delay in filing its Quarterly Report on Form 10-Q for the three and nine months ended September 30, 2023, the company no longer complies with the continued listing requirements under Nasdaq Listing Rule 5250(c)(1), which requires Nasdaq-listed companies to timely file all periodic reports with the Securities and Exchange Commission. On November 13, 2023, the company filed with the Commission a Notification of Late Filing on Form 12b-25 with respect to the Form 10-Q as a result of its determination to restate certain of its previously issued financial statements.
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MSFT | Hot Stocks15:41 EST OpenAI announces Sam Altman will depart as CEO, leave board - The board of directors of OpenAI, Inc, the 501(c)(3) that acts as the overall governing body for all OpenAI activities, announced that Sam Altman will depart as CEO and leave the board of directors. Mira Murati, the company's Chief Technology Officer, will serve as interim CEO, effective immediately. "Altman's departure follows a deliberative review process by the board, which concluded that he was not consistently candid in his communications with the board, hindering its ability to exercise its responsibilities. The board no longer has confidence in his ability to continue leading OpenAI," the company said. In a statement, the board of directors said: "OpenAI was deliberately structured to advance our mission: to ensure that artificial general intelligence benefits all humanity. The board remains fully committed to serving this mission. We are grateful for Sam's many contributions to the founding and growth of OpenAI. At the same time, we believe new leadership is necessary as we move forward. As the leader of the company's research, product, and safety functions, Mira is exceptionally qualified to step into the role of interim CEO. We have the utmost confidence in her ability to lead OpenAI during this transition period." As a part of this transition, Greg Brockman will be stepping down as chairman of the board and will remain in his role at the company, reporting to the CEO, the company noted. OpenAI is 49% owned by Microsoft and that latter's shares are down about 2% in afternoon trading following the news. Reference Link
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FWRD | Hot Stocks15:14 EST Omni Logistics board '100% committed to closing transaction' with Forward Air - The board of directors of Omni Logistics issued a public letter to shareholders of Forward Air Corporation, in which it stated in part: "Much has been said about the combination of Omni Logistics and Forward Air, particularly in the last few weeks. The Omni Board of Directors believes it is important for Forward Air shareholders to hear directly from us about who Omni is, the background of the transaction, the compelling financial and strategic rationale, and the go-forward plans for the combined company. The proposed combination between Omni and Forward Air is rooted in a simple yet powerful thesis: creating the premier global, integrated provider of comprehensive logistics services. This was the rationale articulated by both parties when the transaction was announced in August, and it remains equally powerful today... The Omni Board remains 100% committed to closing the transaction with Forward Air. We believe both businesses will achieve greater value creation together and the combined company will be a leader in a reshaped LTL industry, capable of serving customers in the best way possible."
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SAVE JBLU | Hot Stocks14:04 EST Spirit Airlines up 20% in Friday afternoon trading - Shares of Spirit Airlines (SAVE) are up $2.09, or 20%, to $12.53 near 2 pm ET on Friday while shares of JetBlue (JBLU) are down 4% to $4.17.
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FREY | Hot Stocks13:36 EST Teknovekst Invest AS acquired 600,000 Freyr Battery shares on November 10 - In a regulatory filing, Stig Andre Tanum, Chairman of Teknovekst Invest AS, disclosed that Tanum initially invested in FREYR AS, a company organized under the laws of Norway, or "FREYR Legacy," in connection with the completion of the issuer's business combination with Alussa Energy Acquisition Corp. on July 9, 2021. As of that date, all outstanding shares of FREYR Legacy were converted into ordinary shares, resulting in the reporting persons holding 8,390,446 ordinary shares at the time of the business combination. On April 13, 2023, Teknovekst Invest sold an aggregate of 250,000 ordinary shares in open market transactions, resulting in the reporting persons holding 6,980,446 ordinary shares. After giving effect to such sales, as of April 13, 2023, the reporting persons ceased to be the beneficial owner of more than five percent of the ordinary shares and on April 19, 2023, filed an amendment to their previously filed Schedule 13D, filed on July 21, 2021, to report this. On November 10, 2023, Teknovekst Invest AS acquired an aggregate of 600,000 ordinary shares in open market transactions. The reporting persons used an aggregate of $894,180 to purchase the 600,000 ordinary shares. The source of these funds was though the reallocation of other liquid positions.
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DCI | Hot Stocks13:15 EST Donaldson authorizes repurchase of up to 12M shares - Donaldson Company announced that its board of directors declared a regular cash dividend of 25c per share and authorized a new share repurchase program. The dividend is payable December 20 to shareholders of record on December 5. Additionally, Donaldson's board authorized the repurchase of up to 12M shares of its common stock, or approximately 10% of its outstanding shares. The new repurchase authorization replaces the existing authority that was approved in May 2019. To date, the company has repurchased approximately 11M shares under the prior authorization of 13M shares.
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TMBR | Hot Stocks13:08 EST Timber Pharmaceuticals proposal to approve merger not approved by stockholders - In a regulatory filing, Timber Pharmaceuticals disclosed that on November 17 the company held its Special Meeting of Stockholders. The matters voted on at the special meeting were: to adopt the Agreement and Plan of Merger with LEO US Holding, Inc., a Delaware corporation, LEO Spiny Merger Sub, Inc., a Delaware corporation and direct, wholly-owned subsidiary of Parent and LEO Pharma A/S, a Danish Aktieselskabt; to approve, on an advisory basis, the compensation that may be paid or become payable to the company's named executive officers in connection with or following the consummation of the merger; and to adjourn the special meeting if there are insufficient votes to adopt the merger agreement at the time of the special meeting or any adjournment or postponement thereof. Proxies representing at least 34% percent of the voting power of the capital stock issued and outstanding and entitled to vote at the special meeting have been received. Accordingly, a quorum was present for the transaction of business. The proposal to approve the merger agreement was not approved by a majority of the outstanding shares of common stock entitled to vote thereon. The proposal to adjourn the special meeting if there are insufficient votes to adopt the merger agreement at the time of the special meeting or any adjournment or postponement thereof, was approved by a majority of the votes cast, the filing stated.
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BKR | Hot Stocks13:02 EST Baker Hughes reports U.S. rig count up 2 to 618 rigs - Baker Hughes reports that the U.S. rig count is up 2 from last week to 618 with oil rigs up 6 to 500, gas rigs down 4 to 114 and miscellaneous rigs unchanged at 4. The U.S. Rig Count is down 164 rigs from last year's count of 782 with oil rigs down 123, gas rigs down 43 and miscellaneous up 2. The U.S. Offshore Rig Count is unchanged at 19, up 2 year-over-year. The Canada Rig Count is down 3 from last week to 196, with oil rigs down 2 to 123, and gas rigs down 1 to 73. The Canada Rig Count is down 5 from last year's count of 201, with oil rigs down 12, and gas rigs up 7.
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BKR | Hot Stocks13:01 EST Baker Hughes reports U.S. rig count up 2 to 618 rigs
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TMBR | Hot Stocks12:40 EST Timber Pharmaceuticals Inc trading halted, news pending
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CINT | Hot Stocks12:00 EST CI&T falls -8.0% - CI&T is down -8.0%, or -44c to $5.05.
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SPB | Hot Stocks12:00 EST Spectrum Brands falls -9.5% - Spectrum Brands is down -9.5%, or -$7.32 to $69.58.
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BZH | Hot Stocks12:00 EST Beazer Homes falls -11.5% - Beazer Homes is down -11.5%, or -$3.47 to $26.77.
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BKD | Hot Stocks12:00 EST Brookdale Senior Living rises 12.6% - Brookdale Senior Living is up 12.6%, or 57c to $5.09.
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NGVC | Hot Stocks12:00 EST Natural Grocers rises 18.4% - Natural Grocers is up 18.4%, or $2.35 to $15.15.
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GPS | Hot Stocks12:00 EST Gap rises 28.5% - Gap is up 28.5%, or $3.90 to $17.57.
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FSR PCRFY | Hot Stocks11:55 EST Fisker, Panasonic Automotive announce collaboration agreement - Panasonic Automotive Systems Company of America, a division of Panasonic Corporation of North America (PCRFY), announces with Fisker (FSR) the launch of the Fisker Pulse audio system powered by ELS STUDIO 3D on the all-new 2023 Fisker Ocean Extreme and Fisker Ocean One. "Fisker is pushing the industry forward with a vision focused on sustainability, and Panasonic Automotive is honored to join in building the future of Fisker electric vehicles," said Andrew Poliak, chief technology officer, Panasonic Automotive Systems Company of America. "With decades of experience, our audio design team worked closely with Fisker to bring a new approach to speaker placement, creating an emotional audio experience for EVs, focused on efficiency and sustainability without sacrificing the authentic studio quality sound and emotional impact that are the foundations of all ELS STUDIO 3D systems."
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THC | Hot Stocks11:44 EST FTC sues to block Tenet sale of John Muir Health - The Federal Trade Commission sued to block John Muir Health's proposed $142.5M deal to acquire sole ownership of San Ramon Regional Medical Center from current majority owner Tenet Healthcare THC), saying the deal will drive up health care costs. The Commission issued an administrative complaint and authorized a lawsuit in federal court alleging the proposed acquisition "will eliminate head-to-head competition between John Muir Health and nearby San Ramon Regional Medical Center." Reference Link
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JZXN | Hot Stocks11:31 EST Jiuzi receives Nasdaq notification letter regarding bid price deficiency - Jiuzi Holdings announced that on November 8, 2023, the company received a notification letter from the Nasdaq Listing Qualifications Staff of The NASDAQ Stock Market LLC notifying the company that the minimum bid price per share for its Class A ordinary shares has been below $1.00 for a period of 30 consecutive business days and the company therefore no longer meets the minimum bid price requirements set forth in Nasdaq Listing Rule 5550(a)(2). The notification received has no immediate effect on the listing of the company's ordinary shares on Nasdaq. Under the Nasdaq Listing Rules, the company has until May 6, 2024 to regain compliance. If at any time during such 180-day period the closing bid price of the company's Class A ordinary shares is at least $1 for a minimum of 10 consecutive business days, Nasdaq will provide the company written confirmation of compliance. If the company does not regain compliance during such 180-day period, the company may be eligible for an additional 180 calendar days, provided that the company meets the continued listing requirement for market value of publicly held shares and all other initial listing standards for Nasdaq except for Nasdaq Listing Rule 5550(a)(2), and provide a written notice of its intention to cure this deficiency during the second compliance period, by effecting a reverse stock split, if necessary.
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FNGR | Hot Stocks10:42 EST FingerMotion adding Benzinga to lawsuit related to short seller's report - FingerMotion provided a litigation update to the market regarding its newly filed lawsuit against Capybara Research, stating: "On October 19, 2023, FingerMotion filed a federal lawsuit in the United States District Court for the Southern District of New York against Capybara, a firm recently created and that enjoyed anonymity through various social media postings without any trail as to ownership while antagonizing our retail investment community by posting lewd and unprofessional graphics, intended to further embarrass the Company. After weeks of investigatory work by the Company's litigation counsel as well as cooperation of third parties, the Company is pleased to announce that its attorneys have been successful in identifying the person responsible for the malicious article and is now taking all steps necessary to add the person's name to the lawsuit and to serve that individual. FingerMotion also announced that it is also adding to its federal lawsuit the social media news outlet Benzinga for republishing, and continuing to republish the Capybara report and other false reports that continue to harm FingerMotion's retail investment community." Martin Shen, CEO of FingerMotion, stated: "We are committed to legally pursuing the Capybara short and distort campaign as well as all media outlets that irresponsibly reported the false, misleading and defaming Capybara Report."
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CRIS | Hot Stocks10:24 EST Curis trading resumes
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CP | Hot Stocks10:12 EST CPKC makes statement on draft decree on passenger service - Canadian Pacific Kansas City issued a statement on the draft decree concerning passenger rail service in Mexico issued by the Mexican Federal Government: "CPKC is reviewing the draft decree and remains directly engaged with the Mexican Federal Government regarding potential passenger rail service on certain existing freight rail corridors. CPKC de Mexico has previously reached an agreement with the Mexican Federal Government to perform a study of what is required for the proposed new passenger rail service on the right of way of the corridor between Mexico City and Queretaro. The draft decree, which is expected to become effective by November 20, 2023, also identifies the San Luis Potosi-Monterrey-Laredo corridor for the proposed passenger rail service. As required by our concession, CPKC de Mexico will work closely with the Mexican Federal Government to evaluate passenger service on that corridor. The draft decree emphasizes that the public freight rail service will be respected and as such, we do not expect an adverse impact on our concession. CPKC has extensive experience hosting passenger rail services in multiple locations across its network in the United States and Canada while efficiently managing freight service."
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AAP | Hot Stocks10:11 EST Advance Auto Parts delays 10-Q filing, says accounting errors identified - Advance Auto Parts disclosed in a filing that it is unable to complete the filing of its Quarterly Report on Form 10-Q for the quarter ended October 7 within the prescribed time frame without unreasonable effort or expense due to the circumstances described below. "In the course of completing the preparation of its quarterly financial statements for the Form 10-Q, the company identified certain accounting errors impacting cost of sales and selling, general and administrative costs occurring in fiscal year 2022. The company evaluated the errors and determined that the related impacts were not material to the previously issued consolidated financial statements for any prior period, however, the company, in consultation with the company's audit committee, management and external auditors, determined that the company's consolidated financial statements for the affected periods should be revised," the filing states.
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BZH | Hot Stocks10:00 EST Beazer Homes falls -8.0% - Beazer Homes is down -8.0%, or -$2.41 to $27.83.
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DLB | Hot Stocks10:00 EST Dolby falls -8.8% - Dolby is down -8.8%, or -$7.76 to $80.01.
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ATKR | Hot Stocks10:00 EST Atkore falls -9.1% - Atkore is down -9.1%, or -$12.30 to $122.93.
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GLOB | Hot Stocks10:00 EST Globant rises 11.2% - Globant is up 11.2%, or $20.53 to $203.62.
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THC | Hot Stocks10:00 EST Tenet Healthcare rises 13.1% - Tenet Healthcare is up 13.1%, or $7.63 to $65.77.
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GPS | Hot Stocks10:00 EST Gap rises 25.0% - Gap is up 25.0%, or $3.42 to $17.09.
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PRST | Hot Stocks09:57 EST Presto implements reduction in force of full-time employee base by 17% - Presto will take further steps in its ongoing efforts to reduce costs, improve profitability, and streamline operations by implementing a reduction in force of its global full-time employee base by approximately 17%. The Company estimates that this initiative, along with other cost-saving initiatives, will reduce monthly expenditures by approximately $0.4 million, rising to approximately $1.2 million after approximately eight months.
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PRST | Hot Stocks09:56 EST Presto enters agreements with Remus investor group, adds two to board - Presto Automation has entered into agreements with a Remus Capital-affiliated syndicate of investors to sell 7,000,000 shares of common stock of the company in a registered offering that the company anticipates will result in gross proceeds of approximately $7M. This capital comes in addition to the previously disclosed $3M invested by Cleveland Avenue, founded by Don Thompson and a $3M upsize of the company's existing credit facility with Metropolitan Partners Group. As part of the transaction, Remus Capital has appointed two additional directors to Presto's Board of Directors. Northland Capital Markets, Chardan, and The Benchmark Company are acting as the placement agents for the offering. Remus is also appointing two additional individuals to the board: Tewfik Cassis, who was the first investor in Presto alongside Mr. Gupta, and Sasha Hoffman, another individual Presto investor and long-time business associate of Mr. Gupta's. Both Mr. Cassis and Ms. Hoffman are entrepreneurial operators who will add significant product, technology, and financial expertise gained across their careers - Mr. Cassis at Facebook and McKinsey, and Ms. Hoffman at Uber and Goldman Sachs.
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CRIS | Hot Stocks09:52 EST Curis trading halted, volatility trading pause
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DLB | Hot Stocks09:47 EST Dolby falls -8.2% - Dolby is down -8.2%, or -$7.23 to $80.54.
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ATKR | Hot Stocks09:47 EST Atkore falls -9.3% - Atkore is down -9.3%, or -$12.53 to $122.70.
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NAPA | Hot Stocks09:47 EST Duckhorn Portfolio falls -12.3% - Duckhorn Portfolio is down -12.3%, or -$1.32 to $9.38.
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NGVC | Hot Stocks09:47 EST Natural Grocers rises 8.6% - Natural Grocers is up 8.6%, or $1.10 to $13.90.
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EGGF | Hot Stocks09:47 EST EG Acquisition rises 10.0% - EG Acquisition is up 10.0%, or $1.07 to $11.72.
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GPS | Hot Stocks09:47 EST Gap rises 18.4% - Gap is up 18.4%, or $2.52 to $16.19.
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RITM SCM | Hot Stocks09:46 EST Rithm Capital completes acquisition of Stellus Capital - Rithm Capital (RITM) said it completed its previously announced acquisition of Sculptor Capital Management (SCM) for $12.70 per share in a transaction valued at approximately $719.8M. In connection with the completion of the transaction, Sculptor's common stock will cease trading on the New York Stock Exchange and will be delisted. "The completion of this transaction is a significant milestone for our team and an important next step in the growth and evolution of Rithm," said Michael Nierenberg, Chairman, Chief Executive Officer, and President of Rithm Capital. "We are excited to bring together our talented teams and create a superior global asset management business focused on delivering significant, long-term value for our shareholders and fund investors."
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T | Hot Stocks09:46 EST AT&T to create standalone managed cybersecurity services business - AT&T announces an agreement to create a standalone managed cybersecurity services business, and a capital investment in that business from WillJam Ventures, a Chicago-based investor with "deep cybersecurity industry and leadership experience." At close, the new cybersecurity joint venture will hold select security software solutions, associated managed security operations and security consulting resources. AT&T will retain an ownership stake and board representation in the new entity. "This arrangement will enable AT&T to continue offering Managed Security Services, while simultaneously focusing on enhanced network-based security capabilities," the company stated. AT&T expects the transaction, which is subject to regulatory reviews and customary closing conditions, to close in 1Q24. Additional terms of the transaction were not disclosed. Reference Link
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WOLF | Hot Stocks09:42 EST Jana Partners files amendment to 13-F disclosing Wolfspeed holding - JANA Partners Management filed an amendment to its 13-F filing to reflect a 936,000 share stake in Wolfspeed.Reference Link
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VIVK | Hot Stocks09:07 EST Vivakor announces all proposals approved at Special Meeting - Vivakor announced that all of its proposals were approved and with greater than 90% voted for each proposal at its Special Meeting of Shareholders held on November 10, 2023. The following proposals were all approved: Acquisition Stock Issuance, pursuant to the Membership Interest Purchase Agreement; CEO Compensation Shares; Vivakor, Inc. 2023 Equity and Incentive Plan; Amendment to Articles of Incorporation to amend its federal forum selection provision; Amendment to Articles of Incorporation to increase the Company's authorized number of shares of Common Stock to 200 million; Adjournment of the stockholder meeting.
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CYTO | Hot Stocks09:06 EST Altamira Therapeutics announces partial spin-off of Bentrio business - Altamira Therapeutics has entered into a binding agreement for the sale of a 51% stake in its subsidiary Altamira Medica AG to a Swiss private equity investor as part of its strategic repositioning around its RNA delivery technology. Medica's key asset is Bentrio, a drug-free OTC nasal spray utilized for the treatment of allergic rhinitis, which has been cleared by the FDA and is being commercialized in a growing number of countries. Altamira has agreed to sell the 51% stake in Medica for a cash consideration of CHF 2,040,000 and will retain 49% of the company's share capital. Further, Altamira will be entitled to receive 25% of Medica's future licensing income. In addition, the transaction includes the sale of Auris Medical Pty Ltd, Melbourne and a cash contribution of CHF 1,000,000 in total to Medica's capital by its two shareholders pro rata of their shareholdings following the closing. Medica will continue its operations under its current name and with current staff in collaboration with Altamira. The transaction is set to close on November 21, 2023, subject to customary closing conditions. The Company anticipates recording a financial gain of approximately $5.2 million from the transaction in accordance with International Financial Reporting Standards.
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SCLX | Hot Stocks09:05 EST Scilex announces issuance of second new patent in U.S. for ZTlido - Scilex Holding announced that the U.S. Patent and Trademark Office has issued a second new patent, No. 11,786,455, further strengthening the Company's intellectual property position and coverage for its lead commercial product, ZTlido 1.8%, which will expire in 2031. The Patent, titled "Non-aqueous Patch," covers a non-aqueous lidocaine patch with certain specifications, as well as a method of relieving pain through the application of a non-aqueous lidocaine-containing patch. These two new issued patents No. 11,786,455 and No. 11,793,766 will be listed in the U.S. Food and Drug Administration's Orange Book in connection with ZTlido.
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SANA | Hot Stocks09:04 EST Sana, Uppsala announce authorization of first-in-human study of UP421 - Sana Biotechnology and Uppsala University Hospital in Sweden announced the Swedish Medical Products Agency has authorized Uppsala University's Clinical Trial Application, CTA, to initiate an investigator-sponsored, first-in-human study of UP421, an allogeneic, primary islet cell therapy engineered with Sana's hypoimmune, HIP, technology, in patients with type 1 diabetes. The goal of UP421 treatment is to provide proof of concept for transplanting functional islet cells without immunosuppression. UP421 is engineered using Sana's hypoimmune platform modifications with the goal of evading both allogeneic and autoimmune rejection. The study is designed with endpoints of safety, cell survival, immune evasion, and C-peptide production. Insights from this study may inform development of Sana's SC451, a hypoimmune-modified stem-cell derived islet cell therapy for patients with type 1 diabetes. "Islet cell transplantation has shown curative potential for patients with type 1 diabetes, but the need for concurrent immunosuppression has led to side effects, limited efficacy, and decreased utilization. Sana's hypoimmune platform has shown the potential to evade both allogeneic and autoimmune rejection in preclinical models, and we look forward to seeing if these insights translate into patients, providing a path to cell transplantation without immunosuppression," said Steve Harr, Sana's President and CEO. "The team at Uppsala has significant experience in primary islet cell manufacturing, transplantation, and clinical care of these patients, and we look forward to seeing the results from this clinical study and applying learnings to SC451."
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DTE | Hot Stocks09:04 EST DTE Energy to reduce Power Supply Cost Recovery mechanism - DTE Energy's customers will soon see a decrease in their electric bills. DTE will be reducing the Power Supply Cost Recovery mechanism, which represents the actual cost of the fuel and other sources the company uses to produce electricity, by approximately $300 million annually. This reduction will go into effect December 1 and will reduce average electric bills for residential customers by approximately $5 per month.
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DBX NVDA | Hot Stocks09:04 EST Dropbox, Nvidia announce AI collaboration - Dropbox (DBX) and Nvidia (NVDA) announced a collaboration to supercharge knowledge work and improve productivity for millions of Dropbox customers through the power of AI. The companies' collaboration will expand Dropbox's extensive AI functionality with new uses for personalized generative AI to improve search accuracy, provide better organization, and simplify workflows for its customers across their cloud content. Dropbox plans to leverage Nvidia's AI foundry consisting of Nvidia AI Foundation Models, Nvidia AI Enterprise software and Nvidia accelerated computing to enhance its latest AI-powered product experiences. These include Dropbox Dash, universal search that connects apps, tools, and content in a single search bar to help customers find what they need; Dropbox AI, a tool that allows customers to ask questions and get summaries on large files across their entire Dropbox; among other AI capabilities in Dropbox.
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EDBL | Hot Stocks09:03 EST Edible Garden deploys grant funded technology from BRISEA - Edible Garden announced a partnership with high-tech firm BRISEA Group Inc, to deploy BRISEA's nanobubble generator demo unit at the Company's Belvidere, New Jersey facility.J im Kras, CEO, commented, "We are pleased to partner with BRISEA Group Inc., a leading provider of end-to-end prototyping services for environmental applications including water, air, and solid waste treatment, which was granted approval by the NJ Economic Development Authority (NJEDA) for the Demo Project Grant as part of the recently funded NJEDA CSIT Pilot Clean Tech Demonstration Grant Program, for a two-year nanobubble generator demonstration and evaluation, a major milestone in the study of nanobubble technology. The deployment of the agricultural nanobubble generator unit at our Belvidere, New Jersey facility aims to demonstrate both the capabilities and the potential impact of the innovative technology. Additionally, we are confident that this collaboration will generate valuable data that can be effectively integrated with our ongoing partnership involving NJIT, the USDA, and the EPA examining the effects of nanobubble technology on the safety of fresh produce and the enhancement of processing methods."
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SISI | Hot Stocks09:03 EST Shineco appoints Wang as Executive President, Yan as Chief Strategy Officer - Shineco announced that its Board of Directors has appointed Xiaohui Wang and Chi Keung Yan as executive officers of the Company in key leadership roles. Effective November 13, 2023, Shineco's Board of Directors appointed Xiaohui Wang as Executive President of the Company. Effective November 13, 2023, Shineco's Board of Directors appointed Chi Keung Yan as the Chief Strategy Officer of the Company. Since 2018, Yan served as a Senior Partner at Wealth Index Capital Limited.
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BSX | Hot Stocks09:02 EST Boston Scientific sees Relievant acquisition 'slightly accretive' to EPS in 2025 - Boston Scientific announced the close of its acquisition of Relievant Medsystems. The acquisition includes an upfront cash payment of $850M and undisclosed additional contingent payments based on sales performance over the next three years. On an adjusted basis, the transaction is expected to be immaterial to adjusted earnings per share in 2024, slightly accretive in 2025 and increasingly accretive thereafter. On a GAAP basis, the transaction is expected to be more dilutive due to amortization expense and acquisition-related charges.
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TCLAF | Hot Stocks09:02 EST TC Transcontinental to close Tomah packaging plant in February - TC Transcontinental will be phasing out operations at its Tomah packaging plant in anticipation of the complete closure of the facility in early February 2024. Operations will gradually be transferred to TC Transcontinental Packaging's plants in Battle Creek, Clinton, Elgin, Lenexa and Spartanburg to ensure a smooth transition for customers and maintain high-quality service.
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SPT | Hot Stocks09:01 EST Sprout Social appoints Morris as CMO - Sprout Social announced the appointment of Scott Morris to chief marketing officer, CMO, effective December 4, 2023. As CMO, Morris will oversee Sprout's global marketing organization and be a key contributor to Sprout's continued growth. Morris brings more than 25 years of experience leading key strategic marketing initiatives at both B2B and B2C tech companies. Prior to Sprout, Morris held executive leadership positions at Zendesk including SVP Global Marketing and Acting CMO.
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QMCO | Hot Stocks08:53 EST Quantum Chief Revenue Officer seperated, Spanjaard appointed as replacement - In a regulatory filing, Quantum Corporation disclosed that effective on November 9, the company appointed Henk Jan Spanjaard to serve as the company's Chief Revenue Officer. Spanjaard has served as the company's Vice President, EMEA Sales since July 2020. Prior to that, he held several technology sales leadership roles, including at DriveScale, A10 Networks, Inflobox and NetApp. On November 9, John Hurley, the company's Chief Revenue Officer, and the company "mutually and amicably agreed" that Hurley will separate from the company, with Hurley's last day expected to be December 1, the filing stated.
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SQFT | Hot Stocks08:48 EST Presidio Property Trust board approves share repurchase plan - Presidio Property Trust announced that its Board of Directors has approved a share repurchase plan authorizing the Company to repurchase up to $6 million of its outstanding shares of Series A Common Stock and up to $4 million of its outstanding shares of Series D Preferred Stock. Under the share repurchase program, the shares may be repurchased from time to time using a variety of methods, which may include open market transactions, privately negotiated transactions or otherwise, all in accordance with the rules of the Securities and Exchange Commission and other applicable legal requirements.
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LAES UAVS | Hot Stocks08:43 EST Ageagle Aerial Systems, SEALSQ partner to provide secure surveillance drones - SEALSQ Corp (LAES) and AgEagle (UAVS) announced their partnership to provide secure surveillance drones for public safety, government and defense applications. In September 2023 AgEagle launched the eBee VISION, a cyber secure Unmanned Aerial System designed for Intelligence Surveillance and Reconnaissance missions. The eBee VISION embeds a SEALSQ Secure Element which is NIST FIPS140-2 Level 3 compliant and Common Criteria EAL5+ certified. Each chip is personalized with a unique Trusted Identity. This setup protects the drone from any takeover attempt, enables the drone to encrypt all data, protects the integrity of the embedded software, and provides a unique identity to the drone for GCS pairing and strong authentication.
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AYRWF | Hot Stocks08:42 EST Ayr Wellness says cultivation setback in Florida to impact Q4 revenue by $4M-$6M - As part of its Q3 earnings yesterday, Ayr Wellness stated: "The Company remains committed to further improving its financial health and positioning itself for sustainable, profitable growth across its footprint. Due to the modest sequential revenue decline in the third quarter, coupled with the temporary cultivation setback in Florida that will impact fourth quarter revenue by approximately $4-6 million, the Company no longer anticipates growth for the second half of 2023 over first half levels. The Company now expects revenue to be essentially flat in the fourth quarter compared to the third quarter, and to maintain an adjusted EBITDA margin of 25% in the fourth quarter."
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TENX | Hot Stocks08:35 EST Tenax Therapeutics appoints Butler to PH-HFpEF SAB - Tenax Therapeutics announced the appointment of Javed Butler, M.D., M.P.H, M.B.A., to the Company's PH-HFpEF Scientific Advisory Board, SAB. Javed Butler, M.D., M.P.H., M.B.A., is the President of the Baylor Scott and White Research Institute and Senior Vice President for Baylor Scott and White Health.
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NLCP | Hot Stocks08:34 EST NewLake tenant Calypso closes on sale to Canvas Acquisition - NewLake Capital Partners announced that Hero Diversified Associates has sold, Calypso Enterprises, which is a NewLake tenant, to Canvas Acquisition Corporation. In connection with the closing of the sale of Calypso and under the terms of the revised lease agreement, NewLake has agreed to provide up to $3 million in tenant improvements and has received a six-month rent escrow. NewLake also provided Canvas the option to purchase the property at NewLake's cost basis from December 1, 2024 through December 31, 2025. "Interest during Calypso's sale process demonstrates the quality of the facility and the business opportunity in limited license states, particularly Pennsylvania where adult-use is on the horizon. Canvas will bring brands, products, and relationships to the Pennsylvania market, significantly improving the competitiveness of our tenant," stated Anthony Coniglio, NewLake's President and Chief Executive Officer. "Additionally, the acquirors financial profile as the new lease guarantor is improved from HDAI. We are appreciative of our partners at HDAI and are excited to work with our new partners at Canvas."
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FRTX | Hot Stocks08:34 EST Fresh Tracks announces adjournment of special meeting - Fresh Tracks Therapeutics announced that its special meeting of stockholders has been adjourned to Thursday, November 30, 2023 at 10 a.m. Mountain Time with respect to both proposals described in Fresh Tracks' definitive proxy statement filed with the U.S. Securities and Exchange Commission on October 20, 2023. The reconvened Special Meeting on November 30, 2023 will continue to be held via live webcast at www.virtualshareholdermeeting.com/FRTX2023SM. In addition, the record date for determining stockholders entitled to vote at the Special Meeting will remain the close of business on October 17, 2023. During the current adjournment, Fresh Tracks continues to solicit votes from its stockholders with respect to both proposals set forth in the Proxy Statement. At the time the Special Meeting was adjourned, proxies and votes had been submitted by stockholders representing approximately 39.6% of the shares of Fresh Tracks' common stock outstanding and entitled to vote, which was not sufficient to approve Proposal 1, Approval of the Liquidation and Dissolution of the Company and the Plan of Liquidation and Dissolution, which, if approved, will authorize the Company and the Board of Directors to Liquidate and Dissolve the Company in accordance with the Plan of Dissolution, which requires approval by the holders of a majority of the outstanding shares of common stock of Fresh Tracks. Proxies previously submitted with respect to the Special Meeting will be voted on both proposals at the reconvened Special Meeting as indicated therein, unless properly revoked, and stockholders who have previously submitted a proxy need not take any action.
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SRM AMZN | Hot Stocks08:32 EST SRM Entertainment's Sip with Me cups available on Amazon - SRM Entertainment (SRM) announces its official launch on Amazon (AMZN). Sip with Me patented children's cups featuring Smurfs & Zoonicorn franchise characters along with SRM's Trend Animal collection are now available on Amazon, the world's largest online marketplace. This strategic move not only marks a significant milestone for SRM but also opens up new avenues for our customers to purchase their favorite cups.
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NUE | Hot Stocks08:32 EST Nucor to modernize steel plate mill in Tuscaloosa, Alabama - Nucor announced that the company's Board of Directors approved $280M to modernize its steel plate mill in Tuscaloosa, Alabama. The investment will enable Nucor Steel Tuscaloosa to strengthen its ability to serve key market segments that are part of the overall Plate Mill Group strategy. Comprised of three production facilities located in Hertford County, North Carolina, Brandenburg, Kentucky and Tuscaloosa, Alabama, Nucor's Plate Mill Group has an annual capacity of approximately 3M tons of cut-to-length and discrete plate. Nucor produces plate for military applications and for manufacturers of barges, bridges, heavy equipment, rail cars, refinery tanks, ships, wind towers and other items that are primarily used in the pipe and tube, pressure vessel, transportation and construction industries.
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GURE | Hot Stocks08:32 EST Gulf Resources announces its flood prevention plan - Gulf Resources announced that it has recently initiated its preventive measures for safeguarding its bromine facilities. To mitigate damages in the future, the Company has commenced a flood prevention initiative. The strategy involves the renovation of the channels of four major rivers within our mining area, encompassing the tributary of the Mihe River. The aim is to prevent flooding that could harm the wells, aqueducts and crude salt pans at our plant. The projected expenditure for this initiative amounts to $50,497,652. As of the third quarter, ending on September 30, 2023, the disbursed $15,149,296 for the initial phase of this project. Apart from reducing risk to surrounding regions, the company anticipates three notable advantages from this flood prevention plan. It is expected to: enhance the probability of obtaining approval to reopen factories #2 and #10; enable the drilling of additional wells across five operating factories, and mitigate the risks and associated expenses related to future storms-induced flooding.
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LRHC | Hot Stocks08:20 EST La Rosa to launch first office location in Houston, Texas - La Rosa Holdings announced that it has entered into an area development agreement with Yeimalis & Associates Financial Group under the terms of which the Company intends to launch its first office in Houston, Texas within the nearest future. The management of the Company expects that this new location will be the Company's first office in the state of Texas and 36th office among its growing network of real estate brokerage offices in seven states in the United States and Puerto Rico.
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CBRE | Hot Stocks08:19 EST CBRE Group appoints CEO Robert Sulentic to chair - CBRE Group announced that its board of directors has appointed CEO Robert Sulentic to the additional role of chair of the board of directors, effective immediately. Sulentic, who has served as president and CEO of CBRE since December 2012, succeeds Brandon Boze, who has served as chair since May 2018 and will remain on the board.
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LUXH | Hot Stocks08:18 EST LuxUrban Hotels enters $10M financing agreement sponsored by CEO - LuxUrban Hotels announced that it has entered into a non-dilutive financing agreement of up to $10M sponsored by the company's chairman and co-CEO, Brian Ferdinand. The financing will take the form of a 36-month unsecured advancing term promissory note that bears interest at rate of 1% annually, is prepayable at the company's option upon approval of the board of directors, has no prepayment penalties or restrictions, defers interest until maturity or repayment, and must be used for growth capital. The note will be funded through the sale, from time to time, of shares of the company's common stock controlled by Ferdinand. The sales will be consummated either in compliance with Rule 144 promulgated under the Securities Act of 1933, as amended, and the volume limitations thereof or under another available exemption from the registration requirements of the Securities Act. 100% of the proceeds of these Sales, less tax liabilities, will be used to fund the note.
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DHC RMR | Hot Stocks08:15 EST Diversified Healthcare Trust CEO Jennifer Francis to retire - Diversified Healthcare Trust (DHT) announced that Christopher Bilotto has been appointed president and CEO, effective January 1, 2024. Bilotto is an executive VP of RMR Group (RMR), overseeing portfolio management for all office, industrial and retail properties managed by RMR and hotel and senior living asset management, as well as development and redevelopment across the United States. Bilotto succeeds Jennifer Francis who is retiring from RMR on July 1, 2024 and therefore resigning from her executive officer positions at DHC and RMR, effective December 31.
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BB | Hot Stocks08:14 EST BlackBerry signs cybersecurity deal with Government of Malaysia - The Government of Malaysia and BlackBerry announced a long-term software and services agreement to strengthen Malaysia's cybersecurity posture. The landmark deal will enable the Malaysian Government to leverage the full suite of trusted BlackBerry cybersecurity solutions, and support the integrity of the Malaysian Communications and Multimedia Commission while upskilling the nation's workforce with advanced cybersecurity technology and training. BlackBerry also announced it will establish a world-class Cybersecurity Center of Excellence in Kuala Lumpur in 2024. The CCoE will offer specialized training to advance Malaysian cybersecurity capacity and readiness, with the goal of reducing the country's shortfall of 12,000 cyber professionals. The Government of Canada welcomed the establishment of the CCoE and plans to work closely with BlackBerry, the Government of Malaysia and the CCoE to deliver cybersecurity capacity building assistance to Southeast Asia, as mandated under Canada's Indo-Pacific Strategy.
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PBT | Hot Stocks08:13 EST Permian Basin Royalty Trust declares monthly distribution of 15.7171c per unit - Argent Trust Company, as Trustee of the Permian Basin Royalty Trust, declared a cash distribution to the holders of its units of beneficial interest of 15.7171c per unit, payable on December 14, 2023, to unit holders of record on November 30, 2023. This month's distribution increased from the previous month due to an increase in oil and gas pricing for the period along with a decrease in CAPEX that contributed to the NPI distribution from Blackbeard Operating on the Waddell Ranch Properties for the month of September.
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MARPS | Hot Stocks08:11 EST Marine Petroleum Trust cuts quarterly cash distribution to 8.3661c per unit - Marine Petroleum Trust declared a quarterly cash distribution to the holders of its units of beneficial interest of 8.3661c per unit, payable on December 28, 2023, to unitholders of record on November 30, 2023. This distribution of 8.3661c per unit is lower than the 12.1831c per unit distributed last quarter. This quarter, the volume of oil produced and included in this distribution increased slightly while the volume of natural gas produced decreased. The pricing realized for both oil and natural gas decreased compared to last quarter.
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PPSI | Hot Stocks08:09 EST Pioneer Power to provide e-Boost EV charging system to MACAW Energies - Pioneer Power Solutions announced that it will provide an e-Boost electric vehicle charging solution to MACAW Energies, an integrated company that will power the system with its low-carbon liquefied natural gas produced with natural gas that otherwise would be flared or wasted. The e-Boost solution will be deployed at MACAW's pilot project in Texas, which aims to accelerate EV adoption of fleet customers through an ultra high-speed charging hub for MACAW's EVs powered on low-carbon, flare gas technology. Pioneer Power's innovative e-Boost solution will help MACAW develop its first EV charging hub, including direct-current ultra-fast chargers, capable of reaching power levels up to 300 kW for a single vehicle - making a full charge possible for large EVs in less than an hour. Alternatively, e-Boost can charge up to four EV vehicles at one time, delivering 360 KW of combined power, exceeding the standards set by NEVI for highway EV charging requirements. The LNG to power the e-Boost solution will be delivered to MACAW's EV charging hub as an affordable and clean energy source. MACAW will utilize its industry leading liquefaction technology to treat natural gas that would otherwise be flared and wasted to produce LNG and efficiently transport the fuel to deliver low carbon energy that will power the e-Boost solution for off-grid EV charging. Future MACAW EV charging hubs are planned for various locations throughout the US later in 2024.
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AGE PFE | Hot Stocks08:07 EST Serina Therapeutics announces POZ polymer license agreement with Pfizer - Serina Therapeutics, which entered a proposed merger transaction with AgeX (AGE), announced Serina has entered into a License Agreement under which Pfizer (PFE) will license, on a non-exclusive basis, Serina's POZ polymer technology. "We are excited about the license to Pfizer for its use of the POZ polymer technology in initial research and development activities," stated Dr. Milton Harris, Executive Board Chair at Serina Therapeutics. "The license agreement represents an important milestone for Serina."
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HUGE | Hot Stocks08:07 EST FSD Pharma announces distribution date for Celly shares - FSD Pharma announced that, further to its press release dated November 7, 2023, that its distribution date for the contemplated plan of arrangement is November 29, 2023. Subject to the satisfaction of all applicable closing conditions of the Arrangement, common shares in the capital of Celly Nutrition Corp. will be distributed to FSD Pharma Securityholders of record as of November 28, 2023 on the Distribution Date. The ex-dividend date is November 27, 2023. Holders of all shares in the capital of FSD Pharma and warrants exercisable for the purchase of class B subordinate voting shares, provided the applicable warrant certificate entitles the holder thereof to receive distributions substantially similar to those received by holders of class B subordinate voting shares on the Record Date will be eligible to receive Celly Nu Shares on the Distribution Date pursuant to Arrangement. As a result of the Arrangement, FSD Pharma Securityholders are expected to receive one Celly Nu Share in respect of FSD Pharma Share or FSD Pharma Distribution Warrant that is held by such FSD Pharma Securityholder. The Company expects that this will result in an aggregate of approximately 45,694,621 Celly Nu Shares being distributed to the FSD Pharma Securityholders and an aggregate of approximately 154,305,379 Celly Nu Shares retained by the Company, in each case assuming that the number of FSD Pharma Shares and FSD Pharma Distribution Warrants remains unchanged between today and the Distribution Date. It is expected that DRS statements representing the Celly Nu Shares to which the registered FSD Pharma Securityholders are entitled to under the Arrangement will be sent out on or about the Distribution Date. The special meeting of the FSD Pharma Securityholders to vote on the Arrangement is scheduled to be held on November 20, 2023. Additionally, the final hearing at the Ontario Superior Court of Justice to approve the Arrangement is scheduled for November 24, 2023.
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STGYF SSNLF | Hot Stocks08:05 EST Stingray Group launches 18 new channels on Samsung TV Plus - Stingray (STGYF) unveils the launch of eighteen new channels on Samsung (SSNLF) TV Plus. These channels are now live and available to users in the U.S. on Samsung Smart TVs, Galaxy devices, Smart Monitors, Family Hub refrigerators and on the web. The new audio channels on Samsung TV Plus cater to a broad spectrum of musical tastes and genres. From Hot Country, Remember the 80's, Nothin' but 90's, Flashback 70's, Smooth Jazz, Easy Listening, The Spa, Today's K-Pop, Today's Latin Pop, Romance Latino, Classic Rock, Hip-Hop and Greatest Hits, there's something for every music lover. This diverse array of channels reflects Stingray's commitment to delivering a rich and varied music experience to all listeners. Stingray is also launching video channels on Samsung TV Plus. Available both on FAST channels and as collections via AVOD, these channels provide viewers with a diverse range of video content to choose from.
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HUMA | Hot Stocks08:05 EST Humacyte announces two presentations at VEITHsymposium on HAV - Humacyte announced the presentation of positive V005 Phase 2/3 clinical trial results of the investigational Human Acellular Vessel, HAV, in the treatment of vascular trauma, as well as results from the treatment of wartime injuries in Ukraine. Results showed the HAV had higher rates of patency, and lower rates of amputation and infection, compared to historic synthetic graft benchmarks. Humacyte plans to file a Biologics License Application, BLA, for the HAV for an indication in vascular trauma patients with the U.S. Food and Drug Administration, FDA, during the current quarter. The V005 trial was a single-arm study conducted in the United States and Israel in patients with arterial injuries resulting from gun shots, workplace injuries, car accidents, or other traumatic events for whom the standard of care, saphenous vein, was not feasible or available to use as a bypass graft. Primary patency for the HAV was 81.2% for the extremity patients, although no comparison to synthetic graft primary patency was possible since this measure was not reported in the benchmark publications. The HAV also demonstrated lower amputation rates, with a rate of 9.8% for extremity patients compared to 24.3% historically reported for synthetic grafts. Furthermore, the HAV demonstrated lower rates of infection, with a rate of 2.0% for the extremity patients compared to 8.4% historically reported for synthetic grafts. In the V005 trial, the most common reasons reported by clinicians for using the HAV instead of the standard of care, saphenous vein, was the need to avoid the time required to harvest saphenous vein, the quality of the patient's vein, and concomitant injuries to the vein, suggesting that the ready, off-the-shelf feature of the HAV has the potential to save valuable time for surgeons in the restoration of blood flow. The FDA has advised Humacyte to include in the BLA submission patient outcomes from a humanitarian program conducted in Ukraine. Results for the 16 extremity patients from Ukraine who provided consent for use of their results in the BLA filing were also presented at the meeting, a set of data known as the "V017 trial." The rate of success for treatment of patients with the HAV in the V017 trial was high, with a 30-day secondary patency of 93.8%, zero amputations, and zero cases of infection of the HAV. The results of a meta-analysis combining the V005 and V017 trials concluded that the HAV demonstrated higher patency with a 30-day secondary patency rate of 91.5% for the extremity patients compared to 78.9% historically reported for synthetic grafts. There were no unexpected safety signals for the HAV in the V005 and V017 studies. Common adverse events reported were anemia, vascular graft thrombosis, blood loss anemia, pyrexia, thrombocytopenia, constipation, nausea peripheral edema, and tachycardia. There were four deaths among the extremity patients in the V005 trial, and zero deaths in the V017 trial. There were no deaths among extremity patients in the V005 trial attributed to the HAV.
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UAL | Hot Stocks08:05 EST United Airlines to offer direct flights from U.S. to Tulum - United announced that it will offer non-stop flights between the United States and the soon-to-open Tulum International Airport in Mexico with 22 weekly flights from Newark/New York, Houston and Chicago beginning March 31, 2024. On May 23, United will add daily seasonal service from Los Angeles, resulting in up to five daily flights from United's hubs to Tulum this upcoming summer. Flights will be available for sale beginning November 18.
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LLY | Hot Stocks08:04 EST Eli Lilly to construct high-tech manufacturing site in Germany - Eli Lilly and Company announced plans to construct a new $2.5B high-tech manufacturing site in Alzey, Rhineland-Palatinate, Germany. This new facility will further expand the company's global parenteral product and device manufacturing network and support an increased demand for Lilly's medicines, including its diabetes and obesity portfolio. The company has launched 21 treatments since 2014 and plans to launch several more in the coming years. With extensive experience across the pharmaceutical industry, Germany's workforce will play a vital role in bolstering Lilly's incretin supply when the new site is operational beginning in 2027. The site in Alzey will employ up to 1,000 highly skilled workers such as engineers, operators and scientists, who will leverage state-of-the-art technology, including automation and high-speed manufacturing lines, to produce life-changing medicines. In addition, an estimated 1,900 jobs will be created during construction, which is scheduled to begin in 2024. Lilly's investment in Alzey is contingent upon finalization of government permitting and local approvals. The company is also announcing an investment of up to $100M to dramatically increase its footprint in Germany's early-stage biotech ecosystem. These investments will focus on biotech and the life sciences venture capital funds - expanding Lilly's incubator and accelerator engagements, and strengthening Lilly's ties and activities with world-renowned academic and innovation partners. With these investments, Lilly will pursue strategic partnerships and collaborations utilizing a variety of models that meet a range of business needs, including capital and equity investments; world-class lab space; and outstanding research and development capabilities and expertise to help accelerate innovative medicines that meet the needs of people globally.
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MOBV | Hot Stocks08:03 EST Mobiv Acquisition Corp enters amendment to non-redemption agreement - Mobiv Acquisition announced that on November 10, 2023, the Company entered into an amendment to that certain Non-Redemption Agreement dated November 7, 2023, by and among the Company, Mobiv Pte. Ltd., and the Investors and that certain Securities Purchase Agreement dated as of November 7, 2023, by and among SRIVARU Holding Limited and the Investors, pursuant to which, in each case, and among other things, the parties thereto extended the term of the NRA and SPA, respectively.
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TWOU | Hot Stocks08:02 EST 2U says Paul Lalljie to succeed Christopher 'Chip' Paucek as CEO - 2U announced a change of leadership to spearhead the next stage of its evolution as it focuses on improving operational efficiency and delivering profitable growth and cash flow. The Board of Directors has appointed Paul Lalljie, the company's current CFO, to succeed Christopher "Chip" Paucek as CEO and as a member of the Board of Directors, effective immediately. Additionally, Matt Norden, the company's Chief Legal Officer, will also assume the role of CFO. Paucek will remain an employee of the company through December 15, 2023, at which time he will transition to Special Advisor. Lalljie brings significant experience in finance management in the high-growth technology sector to his new role. Before joining 2U in 2019, he spent 18 years at Neustar, a billion-dollar information services business, where he served as CFO for nine years. During his tenure, Lalljie had global financial and operational responsibility for repositioning Neustar as an information services company. Norden has over a decade of experience at 2U and played a leadership role in the company's IPO in 2014 and in all subsequent capital markets and M&A activities. Prior to 2U, he was the General Counsel at TOMS Shoes.
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BNET | Hot Stocks08:02 EST Bion Environmental announces strategic alliance with Transparency Wise - Bion Environmental Technologies announced a Letter of Intent with Transparency Wise of St Petersburg, FL. Bion and TW will work to define a strategic partnership focused on providing their mutual producer partners and supply chain participants with resources and technology to measure, verify, and report regenerative practices and climate-smart impacts. TW will provide Bion and their producer partners with TW's AgWise.io agricultural data management platform to measure, monitor, report, and quantify livestock production data. Relevant data will be shared with appropriate supply chain stakeholders and, ultimately, with the consumer via the Transparency Wise consumer app. TW will utilize their blockchain integration with IBM Food TrustTM to leverage the integrity of data collected. Bion and TW will develop a platform to provide comprehensive tracking and transparency throughout the full animal lifecycle, from genetics to cow/calf and backgrounding to finishing, processing, and distribution. Specifically, Bion and TW will develop the platform to track: Cattle: Source, genetics, breeding, feed protocols, rotational grazing, and health and efficiency outcomes throughout the lifecycle of the animals. Land: Measure, monitor, report, and quantify data on regenerative practices and climate impacts, for both supply chain cattle and feed source. Data will focus on soil health and carbon sequestration by tracking water use/management, nutrient management, land use efficiency, and regenerative practices such as planting cover crops and rotational grazing. Feeding Operations: Integrate a comprehensive operational dashboard for Bion's Feeding Operations to measure and monitor cattle supply, Scope 3 emissions and climate impacts, and feeder-specific emissions, and impacts. It will also measure, monitor, report, and quantify methane removal, carbon insets/offsets/credits, biogas or renewable energy generation, solar, recycled water, and production of climate-smart fertilizer. Sustainable Beef - Verifiable by the Consumer: Relevant climate impacts and production practices will be accessible by app and verifiable by the consumer before and at the point of purchase. Consumers will also be able to track high-attribute climate impacts and product claims and verify them on blockchain. AI Optimizations: Artificial Intelligence and advanced machine learning will be leveraged throughout Bion's operations, to improve operational and supply chain efficiency, reduce resource consumption and environmental impacts, optimize animal health and welfare, and predict market opportunities.
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MDVL | Hot Stocks08:01 EST Medavail announces agreement with ASP cares for deployment of ten M4 MedCenters - MedAvail announced that it has entered into an agreement with Pharmacy Fund 1 for the deployment of ten M4 MedCenter kiosks, which will be serviced by ASP Cares Pharmacy. Pharmacy Fund 1 also operates Oaklawn Pharmacy, which is a current MedAvail partner in Dallas, Texas. Per the terms of the agreement, the first three MedCenters are planned to be deployed at First Person Care Clinics in Las Vegas. All ten MedCenters are expected to be deployed in 2024. "We are excited to enter into this agreement with ASP Cares and deploy our first MedCenter kiosks in Las Vegas, a new market for us," stated Mark Doerr, Chief Executive Officer of MedAvail. "This agreement represents an expansion of our relationship with Daniel and the team at Oak Lawn Pharmacy. We have already initiated integration activities and anticipate efficient and timely deployments."
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LI | Hot Stocks07:54 EST Li Auto to join Hang Seng Indices effective December 4th - Shares of Li Auto are up 4% in pre-market trading following the announcement by the Hang Seng that the stock will be joining the Hang Seng indices effective December 4th. Reference Link
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LI | Hot Stocks07:49 EST Li Auto unveils Li MEGA at Auto Guangzhou 2023 - Li Auto announced that the Company unveiled Li MEGA, its high-tech flagship family MPV, at the 21st Guangzhou International Automobile Exhibition. Li MEGA is open for reservations starting from November 17, 2023. Its retail price is expected to be below RMB600,000. The Company will officially launch Li MEGA in December 2023, with showroom models available in Li Auto retail stores starting in January 2024 and delivery of Li MEGA commencing in late February 2024. The orders for Li MEGA have exceeded 10,000 in 2 hours since the vehicle was available for reservations, demonstrating its outstanding appeal to family users. Each Li MEGA order requires a deposit of RMB5,000, which is refundable within a limited time period.
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FMC | Hot Stocks07:37 EST FMC Corporation announces new strategic growth plan - FMC Corporation hosted its Investor Day on November 16 at FMC corporate headquarters in Philadelphia where the company introduced its new strategic growth plan, reviewed three-year financial goals and longer-term financial aspirations through 2033, and provided its preliminary outlook for 2024. The company also outlined cost savings targets and key elements that will drive sustained profitable growth. FMC's strategic plan is anchored in three core ambitions: to strengthen the company's relationship with growers, ensuring they receive sound, accurate and timely guidance about the right products and technologies that best address their needs; to deliver superior growth and returns; and to maintain the company's leadership in safety, sustainability and innovation. Actions and specific plans that drive each ambition are summarized in eight strategic imperatives. "We were pleased to host a strong turnout and communicate our path to profitable growth anchored by strategic imperatives," said Mark Douglas, president and CEO. "These range from strengthening our relationship with growers to ensure they have the best guidance on using the right technologies that address their needs, growing our leading Plant Health business, accelerating the discovery and commercialization of our R&D pipeline, and increasing operating leverage that leads to a leaner organization. Executing on these initiatives will provide more valuable tools to growers to protect their crops while FMC achieves growth on the top and bottom line." Development and commercial launch of new products was a significant Investor Day theme, with Diane Allemang, executive vice president and chief marketing officer, presenting new patented formulations and mixtures of existing molecules, including FMC's industry-leading diamides, as key drivers of revenue growth. Dr. Seva Rostovstev, vice president and chief technology officer, provided details on the R&D pipeline including four new active synthetic ingredients that are expected to provide approximately $2 billion of revenue by 2033. New products and innovation were also key themes presented by vice president and global Plant Health business director Dr. Benedicte Flambard, who outlined the company's plan to grow FMC's biologicals platform to approximately $2 billion in revenue by 2033. Ronaldo Pereira, executive vice president and president of Americas, discussed how strengthening FMC's relationship as a trusted advisor to growers will help support the new product introductions in the years to come. Vice President of Procurement, Logistics and Global Facilities, Thaisa Hugenneyer reviewed how a resilient, agile, cost-efficient supply chain will support existing as well as new products throughout the strategic plan timeframe. Andrew Sandifer, executive vice president and CFO, provided an overview of mid-term financial goals and longer-term aspirations, as well as expectations for leverage levels. He also provided a preliminary outlook for 2024. "We expect 2024 to be a year of substantial cash generation driven by improved earnings and a release of working capital," Sandifer said. "Over the next 18 to 24 months we anticipate significant free cash flow and a return to more normal leverage levels with a new average net leverage target of approximately 2 times adjusted EBITDA."
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YTRA | Hot Stocks07:34 EST Yatra announces $5M share repurchase program - Yatra Online announced that its Board of Directors has approved a share repurchase program, pursuant to which the company is authorized to purchase up to $5M of its outstanding ordinary shares, par value $0.0001 per share, over an unlimited time period.
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PRZO | Hot Stocks07:33 EST ParaZero elevates defense drone safety with AI avionics system - ParaZero Technologies recently unveiled a pioneering AI-driven avionics system, SmartAir Trinity, setting a new standard for drone safety within the defense sector. This advanced technology offers real-time malfunction detection and critical mission analytics, ensuring a robust solution to support operational security for defense drones. The company said, "technological marvel not only ensures the utmost safety for defense missions but also delivers comprehensive analytics for post-mission debriefings- a feature that is critical for continual improvement in high-stakes operations." ParaZero's CEO, Boaz Shetzer, stated, "Our latest AI avionics system is the culmination of relentless innovation and a deep commitment to operational safety. This technology is not just about responding to emergencies; it's about foreseeing them, preparing for them, and ultimately safeguarding our defense personnel and assets."
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CGC | Hot Stocks07:33 EST Canopy Growth: BioSteel gets Court approval of successful bids in sale process - Canopy Growth provided an update that pursuant to the proceedings under the Companies' Creditors Arrangement Act involving BioSteel Sports Nutrition, the Ontario Superior Court of Justice has approved two transactions to sell all or substantially all of the assets of BioSteel Canada and BioSteel Manufacturing, and that pending the closing of the transactions, Canopy Growth expects to realize proceeds which will improve the company's balance sheet.
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ANL | Hot Stocks07:32 EST Adlai Nortye announces completion of patient enrollment in Phase III trial - Adlai Nortye announced the Completion of Patient Enrollment in Global Phase III Clinical Trial, BURAN. of Buparlisib, AN2025, in Combination with Paclitaxel for the Treatment of Recurrent or Metastatic HNSCC in more than 180 sites around the world, spanning over 18 markets in North America, Europe, Asia, and South America. This clinical study evaluates buparlisib, an oral pan-PI3K inhibitor, in combination with paclitaxel for the treatment of recurrent or metastatic head and neck squamous cell carcinoma. This represents the first global multicenter phase III trial for HNSCC in the class of PI3K inhibitors. "There is a high unmet medical need for patients with recurrent or metastatic HNSCC after anti-PD-1/anti-PD-L1 therapy. As the trial is now fully enrolled, we eagerly look forward to the results which may change the paradigm of second-line treatment for HNSCC and provide a new treatment option for patients worldwide," said Lars Birgerson, President and Chief Medical Officer of Adlai Nortye.
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SLGGF | Hot Stocks07:21 EST SolGold board nominates Adrian van Barneveld as non-executive director - The Board of Directors of SolGold advises all shareholders and interested investors of the following changes to the Board of Directors of the Company. Two SolGold Directors, Mr. Liam Twigger and Mr. James Clare, have notified the Board that they will not seek re-election as Directors of the Company at the forthcoming Annual General Meeting of the Company to be held in December 2023. Mr. Twigger and Mr Clare have been an invaluable part of SolGold, serving as Chair and Non-Executive Director for three and five years, respectively. Following the AGM, the SolGold Board will undergo a reconstitution, appointing a new Chair and board committee memberships. The Board will begin a search for a new Chair of the Board immediately and will provide an update in due course. In line with SolGold's commitment to maintaining a solid and adaptive skill and experience base, the Board has resolved to nominate Mr. Adrian van Barneveld as a Non-Executive Director of SolGold, his appointment to be voted upon by shareholders at the AGM. Mr. van Barneveld has over 35 years of international experience across the resources and infrastructure sectors. He currently serves as General Manager, Australia West at a leading provider of minerals processing and associated infrastructure solutions to the global resources industry.
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NVAX | Hot Stocks07:16 EST Novavax names John Trizzino as COO - Novavax announced changes to its executive leadership team designed to enhance focus on its strategic priorities and continue the evolution of the company's scale and structure announced last week. John Trizzino will take on the newly created role of President and COO for the company. In this role,Trizzino will lead the commercial; chemistry, manufacturing and controls or CMC; and regulatory functions. He will continue to serve on the company's executive leadership team. Current Chief Legal Officer and Corporate Secretary John Herrmann will retire effective December 8, and Mark Casey will join the company as his successor effective December 11. Casey will also serve on the company's executive leadership team.
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VRPX | Hot Stocks07:13 EST Virpax Pharmaceuticals receives noncompliance notification from Nasdaq - Virpax Pharmaceuticals announced that it received a notice from the Listing Qualifications Staff of Nasdaq stating that the company is not in compliance with Nasdaq Listing Rule 5250 as a result of the company's failure to timely file its quarterly report on Form 10-Q for the fiscal quarter ended, September 30 with the Securities and Exchange Commission.
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EXAS | Hot Stocks07:12 EST Exact Sciences files patent infringement lawsuit against Geneoscopy - Exact Sciences announced that it has filed a lawsuit against Geneoscopy in the United States District Court for the District of Delaware. The lawsuit seeks damages and a court order to stop Geneoscopy from making, using, selling, or offering for sale Geneoscopy's ColoSense product or otherwise infringing on Exact Sciences' U.S. Patent No. 11,634,781. Exact Sciences utilizes the patented '781 technology in its Cologuard stool DNA-based colorectal cancer screening test. The patent covers clinically important methods for processing collection of fecal samples at home, in a manner that preserves the integrity of biomarkers contained in the sample to allow for subsequent analysis in a clinical laboratory. After receiving a cease-and-desist letter from Exact Sciences regarding its patent infringement, Geneoscopy requested a reexamination of the '781 patent by the United States Patent and Trademark Office in May 2023. Upon completion of the reexamination in October 2023, the USPTO rejected Geneoscopy's challenge, confirming the patentability of all claims of the '781 patent for Exact Sciences.
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VRPX | Hot Stocks07:12 EST Virpax Pharmaceuticals CEO Anthony Mack resigns - Virpax Pharmaceuticals announced that due to ongoing litigation it has accepted the resignation of Anthony Mack as CEO and chairman effective immediately. The board has appointed Gerald Bruce as CEO and Eric Floyd as chairman. Bruce has served as the company's executive VP of commercial operations since August 2017, as a member of the company's board since July 2021 and as the president and CEO of the company's wholly owned subsidiary, Novvae Pharmaceuticals since July 26.
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PLNHF | Hot Stocks07:11 EST Planet 13 provides update regarding access to certain cash accounts - Planet 13 Holdings provided the following update. On June 20, 2021, the Company engaged El Capitan Advisors for cash management services. One of the Company's accounts managed by El Capitan was held at BridgeBank, a division of Western Alliance Bank. Pursuant to a dispute unrelated to the Company, Casa Verde Capital, L.P. and Casa Verde Capital EF, L.P. obtained a $35M default judgment against El Capitan. Casa Verde then levied that judgment against El Capitan causing approximately $5.5M of the Company's funds held at WAB and managed by El Capitan to be directed to the Orange County Sheriff's Office on September 21, 2023. On or around October 24, 2023, the Company became aware of the levy against the WAB Funds and thereafter filed a third-party claim of exemption asserting rightful ownership over the WAB Funds. On November 17, 2023, the Company will be filing a pleading in further support of the WAB Claim and a hearing regarding the WAB Claim is currently scheduled for November 30, 2023. After filing the WAB Claim, the Company took immediate action to withdraw the remaining US$16.0 million that the Company held in two additional Company accounts managed by El Capitan. The Company was initially informed by El Capitan that the Additional Funds were being wired to the Company in due course. However, on November 14, 2023, El Capitan informed the Company that due to issues in connection with the Casa Verde judgment the wire was not able to be processed. Since November 14, 2023, El Capitan has refused to honor the Company's further withdrawal requests with respect to the Additional Funds and at this time it is unclear whether the Additional Funds will be returned. Based on discussions with El Capitan to secure the withdrawal of the Additional Funds, the Company has reason to believe that the Additional Funds may have been misappropriated by El Capitan. At this time, the Company is not able to predict what, if any, action may be taken by law enforcement or other regulatory authorities. The Company is vigorously pursuing its rights to reclaim all funds managed by El Capitan and will pursue recovery of its funds through all legally available means, including as appropriate, through cooperation with law enforcement. The Company has engaged legal counsel regarding these matters and has commenced its own internal investigation with respect to the same, but the Company has not yet determined whether an independent internal investigation will be required. Given the nature of the claims and the actions taken by El Capitan, the Company may be limited in what information it can disclose following this announcement to the extent limited by any investigations, internal or otherwise. While this matter will result in some additional near-term expenses, the Company does not expect this incident to have a material impact on its business or its ability to fund the anticipated working capital and other liquidity requirements of its near-term ongoing operations.
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THAR | Hot Stocks07:09 EST Tharimmune announces 1-for-25 reverse stock split - Tharimmune will effect a 1-for-25 reverse stock split of its issued and outstanding shares of common stock. The reverse stock split was previously approved by Tharimmune stockholders at the Annual Meeting of Stockholders held on October 23, 2023, with the final ratio determined by the Company's Board of Directors. The reverse stock split will become effective at 4:01 p.m. Eastern time on November 20, 2023. Commencing with the opening of trading on The Nasdaq Capital Market on November 21, 2023, the Company's common stock will trade on a post-split basis under its existing trading symbol "THAR." Following the reverse stock split, the CUSIP number for the Company's common stock will be 432705200. As a result of the reverse stock split, every 25 shares of issued and outstanding common stock will be exchanged for 1 share of common stock, with any fractional shares being rounded up to the next higher whole share. Immediately after the reverse stock split becomes effective, the Company will have approximately 700,474 shares of common stock issued and outstanding. In addition, a proportionate adjustment will be made to outstanding equity-based awards and other equity rights. The reverse stock split is primarily intended to bring the Company into compliance with Nasdaq's $1.00 per share minimum bid price requirement for continued listing; however, no assurance can be given that such reverse stock split will enable the Company to regain compliance with the Nasdaq minimum bid price requirement.
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MFGCF | Hot Stocks07:07 EST Mayfair Gold grants incentive stock options - Mayfair Gold announced the granting of incentive stock options to certain directors, officers, employees, and advisors of the Company pursuant to the Company's long-term incentive plan. Options have been granted for an aggregate of 1,905,000 common shares in the capital of the Company at an exercise price of $2.14. The Options are exercisable for a five-year term expiring November 14, 2028.
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MDNA | Hot Stocks07:07 EST Medicenna announces follow-up results from Phase 2b trial of bizaxofusp - Medicenna Therapeutics announced that a poster presentation and an oral summary highlighting longer term follow up results from the Phase 2b clinical trial of bizaxofusp, the Company's first-in-class IL-4R targeted therapy for the treatment of patients with recurrent glioblastoma, will be presented by Dr. Steven Brem, M.D. at the Society for Neuro-Oncology 2023 Annual Meeting, taking place from November 15-19, 2023, in Vancouver, Canada. 4-year follow up results: The data demonstrated that a single treatment with bizaxofusp increased median overall survival by 72% compared to the ECA. Overall survival for bizaxofusp-treated patients increased 370% at Year 1 and increased more than 50% at Year 2. Importantly, bizaxofusp doubled mOS irrespective of IL4R expression (high or low) compared to ECA. No systemic or clinically significant laboratory abnormalities were reported. Treatment-related adverse events were primarily neurological or aggravation of pre-existing neurological deficits due to rGBM
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HTZ EVGO | Hot Stocks07:06 EST Hertz, EVgo announce joint promotion to offer special charging rates - Hertz (HTZ) and EVgo (EVGO) announced a joint promotion to offer one year of special charging rates to drivers renting any EV model at a Hertz location across the country. Available exclusively to new EVgo customers, drivers who sign up for this promotion can save when they plug in across EVgo's nationwide network with no monthly subscription fees or session fees for one year. With fast charging locations from coast to coast, EVgo helps drivers quickly power up on the go with stations featuring charger speeds of up to 350kW. In addition to unlocking special rates, drivers who enroll in this promotion will also have access to a variety of other benefits on the EVgo network, including the ability to earn points toward charging credit with EVgo Rewards.
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DAWN | Hot Stocks07:05 EST Day One announces tovorafenib FIREFLY-1 data published in Nature Medicine - Day One Biopharmaceuticals announced the publication of the registrational Phase 2 FIREFLY-1 trial results evaluating the investigational agent tovorafenib in patients with BRAF-altered, relapsed or progressive pediatric low-grade glioma, pLGG, in Nature Medicine. Subsets of the data will also be presented today in two oral plenary presentations at the 2023 Society for Neuro-Oncology, SNO, Annual Meeting in Vancouver, Canada. "The study results published in Nature Medicine demonstrate promising evidence with respect to the the impact of tovorafenib for children and young adults with BRAF-altered relapsed or progressive pLGG, a debilitating form of brain tumor that currently has no approved systemic therapies," said Dr. Samuel Blackman, co-founder and head of research and development, Day One. "We look forward to continued development of tovorafenib."
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ABCM DHR | Hot Stocks07:05 EST Abcam acquisition by Danaher obtains all identified clearances - Abcam (ABCM), which entered into a definitive agreement on August 26, relating to its proposed acquisition by Danaher Corporation (DHR) for $24.00 per share in cash, announced that all identified clearances required in connection with the transaction have been obtained from the relevant Governmental Authorities. The transaction remains subject to the sanction of the Scheme by the High Court of Justice of England and Wales and the satisfaction or waiver of certain other customary closing conditions as set out in Part III of the scheme circular published by Abcam on October 5. The court Hearing at which the court will be asked to sanction the scheme has been scheduled to be held on December 4.
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MF | Hot Stocks07:04 EST Missfresh receives delisting notice from Nasdaq - Missfresh Limited, as previously announced on August 3, 2023, and the transactions under the share transfer agreement, as previously announced on August 7, 2023, have been terminated. On November 15, 2023, the Nasdaq Hearings Panel notified the Company that the Panel has determined to delist the Company's securities from The Nasdaq Stock Market LLC and suspend trading in those securities effective at the open of trading on Friday, November 17, 2023. Nasdaq will complete the delisting by filing a Form 25 Notification of Delisting with the SEC, after applicable appeal periods have lapsed. The Company expects its American Depositary Shares to be eligible trade on the OTC Markets effective with the open of trading on Friday, November 17, 2023. This delisting and transition to the OTC Markets will not change the Company's obligation to file annual reports and certain other reports with the SEC under the applicable federal securities laws. The Company cautions the reader to read this press release in its entirety and refer to the Company's press releases and reports filed with the SEC, including the risks and uncertainties discussed therein, before making any investment decision
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LLY PNT | Hot Stocks07:01 EST Eli Lilly extends tender offer to acquire Point Biopharma for $12.50 per share - Eli Lilly (LLY) announced the extension of the expiration of the tender offer to acquire all of the issued and outstanding shares of common stock of Point Biopharma (PNT), for a purchase price of $12.50 per share in cash, without interest and less any applicable tax withholding. The tender offer, which was previously scheduled to expire at 5:00 p.m., Eastern time, on November 16 has been extended until 5:00 p.m., Eastern time, on December 1, unless the tender offer is further extended or earlier terminated, in order for the parties to satisfy the minimum tender condition. All regulatory approvals necessary for the consummation of the transaction have been obtained.
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THC | Hot Stocks07:01 EST Novant Health to acquire three hospitals from Tenet Healthcare for $2.4B - Novant Health and Tenet Healthcare announced that they have signed a definitive agreement regarding the acquisition by Novant Health of three Tenet hospitals and affiliated operations in South Carolina. Under the terms of the agreement, Novant Health will purchase three hospitals, as well as associated physician practices and other related hospital operations from Tenet for approximately $2.4B. The transaction includes Hilton Head Hospital in Beaufort County, Coastal Carolina Hospital in Jasper County, and East Cooper Medical Center in Charleston County. The agreement also stipulates that Tenet's Conifer Health Solutions subsidiary will provide expanded revenue cycle management services to the three hospitals following completion of the transaction. The transaction is expected to be completed early next year, subject to customary regulatory approvals, clearances, and closing conditions.
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BJ | Hot Stocks06:48 EST BJ's Wholesale reports Q3 Digitally enabled comparable sales growth of 16% y/y - Membership fee income increased by 6.6% year-over-year to $106.1M. Merchandise gross margin rate increased by 30 basis points year-over-year. "Our advantaged model and strong value proposition continue to resonate with our members. During the third quarter, we posted accelerating membership growth, robust traffic gains and continued increases in market share. These gains continue to reinforce the underlying strength of our business and we remain confident in the long-term growth prospects of our company," said Bob Eddy, Chairman and CEO, BJ's Wholesale Club. "I am proud of our team members for their continued dedication to our members during these dynamic times."
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FSR | Hot Stocks06:35 EST Fisker announces new distribution strategy - Fisker announced that it delivered 107 vehicles on Thursday, Nov. 16. The company achieved this milestone by executing a new distribution strategy. This one-day total of deliveries equates to revenue of over $7.5M. "This result proves that our new distribution strategy is working," Chairman and CEO Henrik Fisker said. "We expect this pace of deliveries to accelerate, and we will provide frequent updates during the remainder of 2023. We are grateful to our customers for their patience as we conduct this ramp-up." Fisker has strategically improved its capabilities by establishing its own delivery locations globally, staffed by ever-growing numbers of Fisker employees. The company has also added multiple transportation logistics partners to quickly move Fisker Oceans to delivery locations so that they can be delivered to customers more rapidly. Customers who live within 60 miles of a Fisker fulfillment location can have their vehicle delivered through Fisker Direct, where a Fisker employee drives their Ocean directly to them for delivery, eliminating use of a vehicle transport. Fisker has increased overall process agility; many customers receive their car within four to seven days of completing their purchase, and in some cases on the same day when choosing the vehicle pickup option.
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RGS | Hot Stocks06:33 EST Regis announces 1-for-20 reverse stock split - Regis announced that it intends to effect a reverse stock split of its outstanding common stock, par value $0.05 per share, at a ratio of one-for-twenty, with an intended market effective date of November 29, 2023. The reverse stock split is primarily intended to bring the Company into compliance with stock exchange minimum bid price requirements, as the Company explores opportunities to remain listed on a national securities exchange. The reverse stock split is not expected to have a direct impact on the Company's market capitalization deficiency as previously reported in the Company's Current Report on Form 8-K filed on June 15, 2022, for which the NYSE-established compliance period is scheduled to end on December 13, 2023. Following the reverse stock split, the Company's common stock will continue to trade under the symbol "RGS". The new CUSIP number for the Company's common stock following the reverse stock split will be 758932206. Upon the effectiveness of the reverse stock split, every 20 shares of issued and outstanding common stock before the open of trading on November 29, 2023 will be combined into one issued and outstanding share of common stock, with no change in par value per share. The Company's common stock will open for trading on NYSE on November 29, 2023 on a post-split basis.
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VIAO | Hot Stocks06:16 EST VIA Optronics announces corporate, management updates - VIA optronics AG announced several updates related to the ongoing internal review of the Company's internal controls and certain compliance incidents, the day-to-day management of its business and the Company's receipt of a listing extension from the New York Stock Exchange. As previously reported on Form 6-K as furnished to the SEC on August 9, 2023, VIA's Supervisory Board announced that it initiated a formal review of the Company's application of its internal compliance procedures, with the support of external advisors, and that it was investigating incidents regarding compliance with Company policies and business guidelines. The Supervisory Board appointed BDO AG Wirtschaftsprufungsgesellschaft and DLA Piper UK LLP to investigate the potential incidents and directed the Advisors to review compliance with Company policies and business guidelines from January 1, 2017 to December 31, 2022. While the investigation remains ongoing, preliminary findings indicate deviations from the Company's compliance procedures during the Investigation Period primarily involving the former CEO, Jurgen Eichner, and a limited number of other employees. Identified discrepancies occurred in areas such as expense recording and reimbursement, company credit card usage for personal transactions, inadequate documentation of vehicle usage, and irregularities in vacation days. The extent of the potential violations, and any response by the Company or others, remains uncertain. Chief Executive Officer Roland Chochoiek commented, "Our leadership is committed to completing a thorough review of the compliance incidents and our internal controls. The Company and the Supervisory Board are continuing to work with the Advisors to complete the investigation as soon as possible and will provide further updates once the investigation has been concluded. Unfortunately, the timing of the internal review process will result in a further delay of the filing of our form 20-F for the year ended December 31, 2022 with the U.S. Securities & Exchange Commission. We anticipate that the investigation will be concluded by the end of calendar year 2023 and that we will be able to file our form 20-F in early 2024." The Company takes these matters seriously and management is dedicated to expediting the filing process related to its form 20-F and interim financial statements for the six months ended June 30, 2023. In response to these developments, earlier this month the Supervisory Board placed founder and member of the Management Board, Jurgen Eichner, on leave until the internal review has been completed. In addition, the Company further announced that Bernd Wagner has been appointed as Interim Chief Financial Officer as Dr. Markus Peters has taken a leave of absence following a medical procedure. Mr. Wagner will assist with the completion of the internal review and filing of the Company's audited financial statements. He will not serve as a member of the Company's Management Board. Company management has proactively engaged with the New York Stock Exchange and has been granted an extended trading period by the exchange through May 16, 2024. The Company will work diligently to complete and file the delayed filing and any subsequent delayed filings prior to the expiry of the extended trading period, and NYSE will closely monitor the Company's progress while it remains on the NYSE late filer list.
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JOBY | Hot Stocks06:07 EST Joby Aviation receives $9.8M California Competes grant - Joby Aviation announced it has been awarded a $9.8M California Competes grant by the Governor's Office of Business and Economic Development to support the company's continued statewide expansion. The $9.8M grant will assist in financing a significant expansion of Joby's facilities in Marina, California - supporting higher manufacturing volumes and initial training for pilots and aircraft maintainers - as well as continued hiring at the Company's other offices located in San Carlos and Santa Cruz, California. As part of the agreement, Joby has committed to invest $41.3M and create 690 additional full-time jobs in the state by 2027. The CalCompetes grant enables Joby to accelerate early manufacturing in California to support the Company's ongoing type certification program with the Federal Aviation Administration as well as for initial commercial operations, expected to begin in 2025.
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BGNE | Hot Stocks06:03 EST BeiGene receives European Commission approval for BRUKINSA - BeiGene announced that the European Commission has granted marketing authorization for BRUKINSA in combination with obinutuzumab for the treatment of adult patients with relapsed or refractory follicular lymphoma who have received at least two prior lines of systemic therapy. This marks the fourth indication in the European Union for BRUKINSA, which is now approved to treat more patient populations in the EU than any other Bruton's tyrosine kinase inhibitor.
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AZN | Hot Stocks06:00 EST AstraZeneca announces approval of Truqap plus Faslodex in the U.S. - AstraZeneca's Truqap in combination with Faslodex has been approved in the US for the treatment of adult patients with hormone receptor-positive, HER2-negative locally advanced or metastatic breast cancer with one or more biomarker alterations. Eligible patients will have progressed on at least one endocrine-based regimen in the metastatic setting or experienced recurrence on or within 12 months of completing adjuvant therapy. The approval by the Food and Drug Administration was based on the results from the CAPItello-291 Phase III trial published earlier this year in The New England Journal of Medicine. In the trial, Truqap in combination with Faslodex reduced the risk of disease progression or death by 50% versus Faslodex alone in patients with tumours harbouring PI3K/AKT pathway biomarker alterations. Concurrently with this approval, the FDA also approved a companion diagnostic test to detect relevant alterations. The US regulatory submission was granted Priority Review and reviewed under Project Orbis, which provides a framework for concurrent submission and review of oncology medicines among participating international partners. As part of Project Orbis, Truqap plus Faslodex is also under review by regulatory authorities in Australia, Brazil, Canada, Israel, Singapore, Switzerland and the UK. Following this approval in the US, Astex Therapeutics is eligible to receive a milestone payment from AstraZeneca on first commercial sale of the drug in the US as well as royalties on future sales in line with the agreement between the two companies.
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ALPMY PFE | Hot Stocks05:36 EST Astellas Pharma, Pfizer announce FDA approval of Xtandi sNDA - Astellas Pharma (ALPMY) and Pfizer (PFE) announced that the companies received an approval by the FDA of a supplemental new drug application for Xtandi, following FDA expedited development and review programs, based on results from the Phase 3 EMBARK trial. With this approval, Xtandi becomes the first and only androgen receptor signaling inhibitor approved by the FDA for the treatment of patients with nonmetastatic castration-sensitive prostate cancer, or nmCSPC, with biochemical recurrence at high risk for metastasis. Patients with nmCSPC with high-risk BCR may be treated with Xtandi with or without a gonadotropin-releasing hormone analog therapy.
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SSL | Hot Stocks05:33 EST Sasol appoints Simon Baloyi as CEO - The board of Sasol announced the appointment of Simon Baloyi as the president and CEO and executive director of the company with effect from April 1, 2024. Baloyi will succeed Fleetwood Grobler, the current president and CEO of Sasol. Fleetwood will continue to serve in an executive advisor role until December 31, 2024, to ensure a smooth and structured handover. The board embarked on a recruitment program to identify a successor to Fleetwood. Internal and external candidates were considered.
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PRTC KRTX | Hot Stocks05:30 EST PureTech Health entity Karuna Therapeutics announces results from KarXT trial - PureTech Health (PRTC) noted that its founded entity, Karuna Therapeutics (KRTX), announced results from its Phase 1b open-label, eight-week inpatient trial evaluating the effect of KarXT on 24-hour ambulatory blood pressure in adults with schizophrenia demonstrating that KarXT was not associated with increases in blood pressure. The primary endpoint in the trial was the change from baseline at week eight in 24-hour average ambulatory systolic blood pressure. In the trial, KarXT demonstrated a mean change from baseline to week eight in 24-hour ambulatory systolic blood pressure of -0.59 mmHg. The upper bound of the two-sided 95% confidence interval for the mean change from baseline to week 8 was 1.60 mmHg, thus ruling out a clinically meaningful increase in blood pressure. Daytime and nighttime systolic blood pressure measurements showed no meaningful change and were generally consistent with the 24-hour average. Additional vital sign measures collected in the trial, including 24-hour average diastolic blood pressure and heart rate, were consistent with prior trials of KarXT in schizophrenia. Further, KarXT was generally well tolerated, with a side effect profile consistent with prior trials in the EMERGENT program. PureTech is a founder of Karuna and co-inventor of the KarXT program. In September, Karuna announced the submission of a new drug application to the FDA for KarXT for the treatment of schizophrenia. If approved, KarXT will be the third therapeutic candidate to be taken from inception at PureTech to FDA regulatory approval.
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CMCL | Hot Stocks05:26 EST Caledonia Mining COO Dana Roets to step down - Caledonia Mining announced that Dana Roets will step down from his role as COO with effect from February 29, 2024. Roets will remain a director of the company and various subsidiaries until February 29, whereupon he will also step down from those roles. A process has already commenced to identify a suitable replacement as COO.
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XPEV | Hot Stocks05:18 EST XPeng presents X9 Large 7-seater MPV - XPeng presented its latest Smart EV model, the XPeng X9 Large 7-seater MPV, for the Chinese market at Auto Guangzhou 2023, with presale pricing starting from RMB 388,000.
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