Stockwinners Market Radar for November 25, 2023 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service

13:59 EST Celularity receives noncompliance notification from Nasdaq - Celularity announced that on November 21, the company received notification from the Listing Qualifications department of Nasdaq stating that the company is not in compliance with Nasdaq's continued listing requirements of the company's failure to timely file a Form 10-Q for the third quarter.

12:00 EST LG Display falls -3.9% - LG Display is down -3.9%, or -20c to $4.95.

12:00 EST PropertyGuru falls -5.9% - PropertyGuru is down -5.9%, or -22c to $3.51.

12:00 EST Banco BBVA Argentina rises 17.4% - Banco BBVA Argentina is up 17.4%, or 76c to $5.13.

11:46 EST Marel to review non-binding takeover proposal from JBT Corp. - Marel (MRRLF) said earlier that John Bean Technologies Corporation (JBT) submitted the non-binding initial proposal to the compan.: The non-binding initial proposal states a voluntary takeover bid may be submitted subject to conclusion of a satisfactory due diligence and final approval by JBT's board of directors. The non-binding initial proposal from JBT further states that if and when a voluntary takeover bid is made, it would be subject to conditions. In the non-binding initial proposal JBT proposes a valuation of EUR 3.15 per shares for 100% of the outstanding shares in Marel. The non-binding initial proposal provides that 25% of the proposed consideration would be paid in cash and 75% in the form of shares in JBT. It is further stated that Marel's shareholders would hold approximately 36% of JBT's shares following the potential transaction. No further information is provided on the price per share in JBT or possible exchange rate. Marel said it "will review the non-binding proposal with due care and process to assess its merits, consistent with the long-term interests of the company and all shareholders."

10:55 EST Seelos Therapeutics announces 1-for-30 reverse stock split - Seelos Therapeutics announced that its board of directors approved a 1-for-30 a reverse stock split of its outstanding shares of common stock, to be effective as of 12:01 a.m. Eastern Time on Tuesday, November 28. The reverse stock split will reduce the number of issued and outstanding shares of the company's common stock from approximately 167.7M to approximately 5.6M. The reverse stock split is intended for the company to regain compliance with the minimum bid price requirement of $1.00 per share of common stock for continued listing on the Nasdaq Capital Market. The company's common stock will begin trading on a reverse stock split-adjusted basis at the opening of the market on Tuesday, November 28. Following the reverse stock split, the company's common stock will continue to trade on the Nasdaq Capital Market under the symbol "SEEL" with the new CUSIP number, 81577F208.

10:16 EST Scisparc Ltd trading halted, volatility trading pause

10:00 EST Sibanye Stillwater falls -4.4% - Sibanye Stillwater is down -4.4%, or -20c to $4.32.

10:00 EST OppFi falls -7.1% - OppFi is down -7.1%, or -25c to $3.29.

10:00 EST 3D Systems rises 12.5% - 3D Systems is up 12.5%, or 58c to $5.22.

09:47 EST OneConnect falls -3.8% - OneConnect is down -3.8%, or -12c to $3.08.

09:47 EST LG Display falls -4.9% - LG Display is down -4.9%, or -25c to $4.90.

09:47 EST 3D Systems rises 7.3% - 3D Systems is up 7.3%, or 34c to $4.98.

09:41 EST Fisker says expanding finance team, reorganized sales and delivery strategy - Fisker announced on Wednesday night that it filed its Q3 2023 10-Q with the Securities and Exchange Commission on November 22 and also announced it was expanding its finance team resources to "support global growth" and reported on a new sales and deliveries strategy. Fisker stated: "Total current assets grew by over 70% from the second quarter to the third quarter, significantly increasing the volume of transactions that required detailed analysis and reconciliation after the end of the quarter. Fisker is bolstering its finance and accounting resources and broadening its leadership teams to support business growth. Eric Sand, recently promoted to Corporate Controller, brings over two decades of finance and accounting experience managing complex processes and systems. In addition, Dan Quirk joins Fisker as Executive Vice President, Finance and Accounting. Dan joins Fisker after a 30+ year career with Ernst & Young LLP, where he spent the last 18 years as an Assurance Partner within the firm's Advanced Manufacturing & Mobility practice. Across his seasoned career, he helped a variety of Fortune 500 and emerging growth companies with strategies to improve business and financial performance across controls, processes, long-term profitability, and strategic planning. Fisker will continue to invest in its people, processes, and technology to be an enabler of business growth. Fisker has also reorganized its sales and delivery strategy. The company opened several new facilities in the past few weeks, including two locations in New York and one in California and expects to open several more facilities throughout the rest of the year. The company also changed the internal delivery team set up and process to expedite sales and deliveries. Fisker is also improving its logistics capabilities to transport vehicles from the manufacturing facility in Austria to markets in North America. In Europe, Fisker started delivering vehicles in two new countries in the past few weeks, after having already delivered most of the Ocean One's sold in Europe and commencing deliveries of the Extreme trim. Last week, Fisker reported a new daily delivery record of 107 vehicles, up more than 120% from a month earlier. Overall, Fisker can now see that its delivery strategy is working and the company is ready to scale." In Friday morning trading, Fisker shares are up 50c, or about 2%, to $2.17.

09:36 EST JBT Corporation confirms non-binding proposal to acquire Marel - JBT Corporation issued the following statement: "JBT today confirmed that it has submitted a non-binding initial proposal to the board of directors of Marel, whose shares are listed on Nasdaq Iceland and Euronext Amsterdam, in respect of a potential voluntary takeover offer for the entire share capital of Marel in accordance with Chapters X and XII of the Icelandic Takeovers Act no. 108/2007. JBT has received an irrevocable undertaking and entered into exclusivity with respect to the shares owned by Eyrir Invest hf., which holds 24.7% of the shares in Marel. This announcement follows Marel's disclosure that it had received a potential offer to acquire all shares in the company. JBT's non-binding proposal is consistent with the company's strategic plan and M&A objective of pursuing transactions with strong industrial logic and significant synergy potential while maintaining a strong balance sheet and preserving future strategic flexibility. JBT's considerations are at a preliminary stage and there can be no assurance that any formal offer will be made as a result of these considerations. JBT does not intend to comment further unless and until its board determines that it is required or appropriate to do so."

09:27 EST Vertex announces EMA validation for marketing authorization of KAFTRIO - Vertex Pharmaceuticals announced that the European Medicines Agency, EMA, has validated a Type II variation application to the Marketing Authorization for KAFTRIO in combination with ivacaftor. The application is for expansion of the approved indication for KAFTRIO in a combination regimen with ivacaftor for the treatment of people with cystic fibrosis ages 2 and above who have a mutation in the cystic fibrosis transmembrane conductance regulator gene that is responsive based on clinical and/or in vitro data, including the N1303K mutation. The application will now be reviewed by the Committee for Medicinal Products for Human Use, which will issue an opinion to the European Commission regarding the potential approval of this license expansion. Data to support this submission includes the results of a Phase 3, randomized, placebo-controlled clinical study in people with rare non-F508del KAFTRIO-responsive CFTR mutations. This study met its primary endpoint and showed that KAFTRIO in combination with ivacaftor resulted in rapid, statistically significant, and clinically meaningful improvements in lung function compared to placebo. The medicine was generally well tolerated, with safety data generally consistent with the established safety profile of KAFTRIO in combination with ivacaftor.

08:57 EST SciSparc initiates clinical trial of SCI-210 for autism spectrum disorder - SciSparc has initiated a clinical trial using its proprietary therapy, SCI-210, at Soroka Medical Center, Israel, targeting Autism Spectrum Disorder symptoms in children. SciSparc's novel SCI-210 therapy is not only a medication based on CBD; it is also a unique combination of cannabidiol and SciSparc's proprietary Palmitoylethanolamide, aimed to ease the symptoms of ASD. Over a period of 20 weeks, the trial will enroll 60 participants between the ages of 5-18 years old to scientifically measure how SCI-210 compares to standard CBD treatment in managing ASD symptoms. The trial is structured as a randomized, double-blind, placebo-controlled trial.

08:35 EST Global Mofy Metaverse, ELLE CHINA, ELLE MEN CHINA enter long-term partnership - Global Mofy Metaverse announced the Company and ELLE CHINA, ELLE MEN CHINA have forged a long-term partnership, embarking on an eagerly anticipated collaboration that promises mutual promotional benefits and an array of exciting projects in the realm of advertising and beyond. As part of this collaboration, ELLE MEN CHINA will provide Global Mofy Metaverse with a stable and influential platform for publicity, including avenues such as video channels and websites. These platforms will grant Global Mofy Metaverse invaluable exposure, enabling the dissemination of their brand stories and latest products to a much wider audience. Through this partnership with ELLE CHINA and ELLE MEN CHINA, Global Mofy Metaverse will establish connections with a diverse range of consumers, amplifying brand recognition and effectively conveying their unique value propositions. In addition to the promotional advantages, Global Mofy Metaverse will bring their expertise in comprehensive advertising production to the table, having already undertaken the end-to-end filming and production of renowned advertisement campaigns for ELLE CHINA in the past two years in a row. These successful collaborations serve as a testament to Global Mofy Metaverse's exceptional capabilities in the realm of advertising production, laying a solid foundation for future projects with ELLE CHINA.

08:33 EST Versus Systems announces investment from Cronus Equity Capital - Versus Systems announced that the Company recently secured a strategic investment from Cronus Equity Capital Group. The Investment contemplates the issuance of up to 24,727,361 common shares of Versus to CECG representing approximately 51% of the Company's issued and outstanding common shares of which 15,838,441 common shares were issued to CECG on November 22, 2023 and a further 8,888,920 common shares are expected to be issued to CECG next week. Per the terms of the agreement, CECG purchased the First Tranche at a price of $0.1618 per share, representing a premium to the five-day average Nasdaq Official Closing Price of $0.1578 per share, for a total USD $2,562,659.76. The Second Tranche will be completed at the same price per share. There were no warrants in the transaction.

08:31 EST Selina Hospitality collaborates with Artrade to promote Latin American artists - Selina Hospitality announces its strategic collaboration with Artrade, the Global Distribution Platform dedicated to promoting Latin American artists on the international stage. This partnership seeks to support Latin American artists by providing them with an international platform, enabling Selina guests to discover, appreciate, and acquire pieces that resonate with them. Through this alliance, Selina aims to bridge the gap between art and hospitality, creating a synergy that enriches the guest experience while uplifting the artistic community. By featuring a carefully curated selection of artwork by talented Latin American artists, Selina locations across the region will become immersive galleries showcasing the diverse cultural expressions and creative visions of the area. "Through this partnership with Artrade, Selina offers its platform to empower artists to monetize their work, create products, and connect with travelers and locals who can purchase their art through the Artrade platform and Artrade-hosted events. This innovative approach introduces new value propositions and expands the reach of art beyond the confines of traditional galleries and creates new opportunities for artists working with retail, digital platforms, and popup events," said Ariel Levinsohn, Global VP Brand & Creative at Selina. "The event side of Artrade further enhances the platform's appeal by providing a dynamic and interactive space for artists to showcase their talent and engage with potential buyers. These events serve as a catalyst for fostering connections, promoting cultural exchange, and generating excitement around the world of art."

08:20 EST Society Pass granted extension to regain compliance with Nasdaq rules - Society Pass has received an extension until 20 May 2024 to regain compliance with NASDAQ Listing Rules. The NASDAQ extension letter was filed in a Form 8-K with the U.S. Securities and Exchange Commission on 22 November 2023. NASDAQ determined that SOPA is eligible for an additional 180 calendar day period, or until 20 May 2024, to regain compliance with NASDAQ's minimum $1.00 per share bid price requirement, as set forth in NASDAQ Listing Rule 5550(a)(2). This determination is pursuant to the discretionary authority granted to NASDAQ by the SEC and is subject to compliance with other continued listing requirements. Nasdaq's determination is based on the Company meeting the continued listing requirement for market value of publicly held shares and all other applicable requirements for initial listing on the Capital Market with the exception of the bid price requirement. Society Pass Inc has expressed its intention to actively monitor the bid price for its common stock and to consider implementing available options to regain compliance with the Minimum Bid Price Rule. The Company's management team continues to focus on executing its business plan and delivering value to its shareholders.

08:16 EST Wearable Devices establishes U.S. offices in Silicon Valley - Wearable Devices announced that its subsidiary has established a new U.S. office in Redwood City, California, less than thirty miles south of San Francisco. The new location is expected to enhance the Company's market presence and partner relations while ushering in a significant chapter of growth and development. With offices located in the heart of Silicon Valley, the Company is poised to significantly strengthen its local presence by providing a dedicated hub to cater to the specific needs of its North American customers and business partners. This strategic move reaffirms the Company's commitment to set new standards in customer service and increase engagement with North American business partners. Mr. Shmuel Barel, the Company's Chief Marketing Officer, has been appointed as General Manager of Mudra Wearable, Inc., the subsidiary company, in addition to his current role.

08:15 EST KB Home announces grand opening of community in Southwest Las Vegas - KB Home announced the grand opening of Upton, a new community in a prime southwest Las Vegas location. "We are pleased to offer area homebuyers spacious, new homes in a desirable southwest Las Vegas location," said Aaron Hirschi, President of KB Home's Las Vegas division. "Homeowners will appreciate the proximity to family friendly parks, which feature trails, picnic areas, and sports fields and courts. Upton is also just a short drive to several world-class resorts, including Durango Casino & Resort and Red Rock Casino Resort & Spa. At KB Home, we're here to help you achieve your dream with a personalized new home built uniquely for you and your life."

08:01 EST Hepsiburada announces incorporation of Hepsiburada Global B.V. - In line with Hepsiburada's strategy to expand its operations, Hepsiburada has established a wholly-owned subsidiary in the Netherlands under the tradename Hepsiburada Global B.V with an aggregate issued share capital of EUR 1,000,000. Hepsiburada Global B.V. is expected to facilitate Hepsiburada's integration with European payment solutions and marketplace

07:34 EST Vista Outdoor discloses unsolicited proposal from Colt CZ Group at $30 per share - On Wednesday evening, the company stated: "Vista Outdoor announced that it has received an unsolicited proposal from Colt CZ Group SE pursuant to which Colt CZ and Vista Outdoor would be combined in a cash and stock transaction that Colt CZ states would attribute a value of $30 to each share of Vista Outdoor common stock. As previously announced, on October 15, 2023, Vista Outdoor entered into an agreement and plan of merger pursuant to which Vista Outdoor has agreed to sell its Sporting Products business to Czechoslovak Group a.s. for an enterprise value of $1.91 billion in an all-cash transaction subject to customary closing conditions. Vista Outdoor's Board of Directors has not made any determination with respect to the Colt CZ Proposal within the framework contemplated by the existing merger agreement with CSG, which remains in effect, nor has it changed its recommendation in support of the acquisition of its Sporting Products business by CSG. Vista Outdoor's Board of Directors will carefully review the Colt CZ Proposal, in accordance with its fiduciary duties and its obligations under the existing merger agreement with CSG, in consultation with its financial and legal advisors. Vista Outdoor's Board of Directors remains committed to acting in the best interests of Vista Outdoor stockholders."

07:18 EST iClick Interactive Asia enters going-private transaction - iClick Interactive Asia Group announced that it has entered into a definitive Agreement and Plan of Merger with TSH Investment Holding Limited, an exempted company with limited liability incorporated under the laws of the Cayman Islands and TSH Merger Sub Limited, an exempted company with limited liability incorporated under the laws of the Cayman Islands and a wholly-owned subsidiary of Parent, pursuant to which, and subject to the terms and conditions thereof, Merger Sub will merge with and into the Company, with the Company continuing as the surviving company and becoming a wholly-owned subsidiary of Parent. Pursuant to the Merger Agreement, at the effective time of the Merger, (a) each Class A ordinary share of the Company and each Class B ordinary share of the Company issued and outstanding immediately prior to the Effective Time, other than the Excluded Shares, the Dissenting Shares and the Shares represented by American depositary shares of the Company will be cancelled and cease to exist in exchange for the right to receive US$0.816 in cash per Share without interest ; (b) each ADS issued and outstanding immediately prior to the Effective Time, together with each Share represented by such ADSs, will be cancelled and cease to exist in exchange for the right to receive US$4.08 in cash per ADS without interest; and (c) Shares that are issued and outstanding immediately prior to the Effective Time and that are held by shareholders who have validly exercised and not effectively withdrawn or lost their rights to dissent from the Merger pursuant to Section 238 of Companies Act of the Cayman Islands, will be cancelled and cease to exist in exchange for the right to receive the payment of fair value of such Dissenting Shares determined in accordance with Section 238 of the Companies Act of the Cayman Islands. The Merger Consideration represents a premium of approximately 3.3% to the closing price of the Company's ADSs on December 19, 2022, the last trading day prior to the Company's announcement of its receipt of the preliminary non-binding going-private proposal, and a premium of approximately 20% to the volume-weighted average closing price of the Company's ADSs during the last 90 trading days prior to December 19, 2022. The Merger, which is currently expected to close in the first quarter of 2024, is subject to customary closing conditions including an affirmative vote of shareholders representing at least two-thirds of the voting power of the outstanding Shares present and voting in person or by proxy at a meeting of the Company's shareholders

07:01 EST YanGuFang expands retail presence in China's supermarkets - YanGuFang International Group announced the continued expansion of the Company's presence in China's supermarkets, including Yonghui, Century Mart and RT-MART, bringing YanGuFang's whole grain products to a wider range of consumers. Since the beginning of 2023, the Company has strategically expanded its footprint by establishing new partnerships with supermarkets across China. Simultaneously, the Company has continued to showcase and market its products in supermarkets in China such as Yonghui, Walmart, Century Mart, and RT-MART. The Company's diverse product portfolio, which includes but is not limited to oat germ oatmeal, oat milk, and oat germ rice, is currently available in multiple regions across China, such as Jiangsu, Beijing, and Anhui. This selection is set to expand further with the upcoming introduction of the Company's organic oat germ oatmeal series and low GI product series in supermarkets including Yonghui, Century Mart and RT-MART.

07:01 EST Chimerix reports inducement grant under Nasdaq listing rule - Chimerix announced that on November 20, 2023, the Compensation Committee of Chimerix's Board of Directors granted an inducement award to a new employee of non-qualified stock options to purchase 150,000 shares of Chimerix's common stock. The Compensation Committee of Chimerix's Board of Directors approved the award as an inducement material to the new employee's employment agreement in accordance with Nasdaq Listing rule 5635(c)(4). The stock option has an exercise price per share equal to $1.00 per share, Chimerix's closing trading price on November 20, 2023. The stock option has a 10-year term and will vest over four years, with one-fourth vesting on the one-year anniversary of the grant date and the remaining three-fourths vesting over the following three years in equal monthly installments. The stock option is subject to the terms of Chimerix's 2013 Equity Incentive Plan but was granted outside of the 2013 Equity Incentive Plan.

06:11 EST Novo Nordisk invests more than 16B Danish kroner in production in France - Novo Nordisk announced the investment of more than 16B Danish kroner, or 2.1B euros, starting in 2023 to expand the existing production site in Chartres, France, for the current and future product portfolio within serious chronic diseases. "The investment will significantly increase the capacity of the manufacturing site, adding aseptic production and finished production processes and an extension of the current Quality Control Laboratory. The investment, which includes capacity for GLP-1 products, will increase Novo Nordisk's ability to meet future demands for innovative medicines," the company said. "This significant investment announced today confirms the importance of our French manufacturing site, one of our strategic production sites, as a cornerstone of the growth we are experiencing as a company. By maximising the skills and infrastructure we already have on the site, we are expanding our capacity in an efficient way", added Lone Charlotte Larsen, corporate vice president of Novo Nordisk Production Chartres. The construction projects have now been initiated and will gradually be finalized from 2026 to 2028. The investment is expected to create more than 500 new jobs to run production activities 24/7 when the construction is completed, and the facilities are finalized. During the construction phase, up to 2,000 external employees will be employed.

06:03 EST Cognizant announces new collaboration with Alm. Brand Group - Cognizant has announced a new collaboration with Alm. Brand Group, an insurance company in Denmark. Cognizant will begin providing a range of business processes previously outsourced by Alm. Brand Group to other vendors. The new relationship will focus on automating many of these processes and tasks in an effort to enhance efficiency, improve customer experience and further boost the group's competitiveness.

05:59 EST Faraday Future signs agreements with Master Investment Group, Siraj Holding - Faraday Future announced its entry into the Middle East market with the signing of strategic cooperation agreements with Master Investment Group and Siraj Holding LLC, and the launch of the FF brand. The company plans to launch a limited-edition model, the FF 91 2.0 Futurist aiFalcon, tailored to the Middle East market, with delivery targeted in 2024. A press conference held at the Ritz-Carlton Abu Dhabi, UAE, was hosted by Matthias Aydt, Global CEO of FF with a number of distinguished guests in attendance, including members of the royal family, government officials, entrepreneurs, local media, and FF partners. The FF 91 2.0 Futurist Alliance will also appear on display at the world-renowned Abu Dhabi Yas Marina Circuit beginning November 24 during the Abu Dhabi F1 Grand Prix week.

05:56 EST EngageSmart announces expiration of 'go-shop' period - EngageSmart announced the expiration of the 30-day "go-shop" period under the terms of the previously announced definitive merger agreement, pursuant to which an affiliate of Vista Equity Partners will acquire EngageSmart for $23.00 per share in cash. The "go-shop" period expired at 11:59 p.m. ET on November 22, 2023. Pursuant to the definitive merger agreement, EngageSmart and its representatives had the right to solicit and consider alternative acquisition proposals from third parties during the "go-shop" period. EngageSmart did not receive any alternative acquisition proposals from any third party during the "go-shop" period. The transaction is expected to close in the first quarter of 2024, subject to customary closing conditions and receipt of customary regulatory approvals, as well as the affirmative vote of the holders of a majority of the outstanding shares of the company's common stock held by stockholders other than affiliates of General Atlantic, L.P. and certain officers of the company. Upon completion of the transaction, EngageSmart will become a privately held company, affiliates of Vista will hold approximately 65% of the outstanding equity, and affiliates of General Atlantic will hold approximately 35% of the outstanding equity.