Stockwinners Market Radar for January 16, 2024 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service

PACB

Hot Stocks

20:05 EST Cathie Wood's ARK Investment bought 340K shares of PacBio today
RXRX

Hot Stocks

20:05 EST Cathie Wood's ARK Investment bought 413K shares of Recursion Pharmaceuticals
EUDA

Hot Stocks

18:16 EST EUDA Health regains compliance with Nasdaq listing requirements - The company states: "As previously disclosed, EUDA Health Holdings received a written notice from Nasdaq on January 9, 2024 indicating that the Company had failed to maintain a minimum market value of listed securities of $35 million over the previous 30 consecutive business days as required by the Nasdaq Listing Rule 5550(b)(2). On January 16, 2024, the Company received a written notice from Nasdaq stating that the Company's Market Value of Listed Securities has been $35 million or greater for ten consecutive business days from January 2 to January 16, 2024, and therefore the Company has regained compliance with the MVLS requirement for continued listing on the Nasdaq Capital Market."
EYPT

Hot Stocks

18:10 EST EyePoint director sells $37.2M in common stock - In a regulatory filing, EyePoint disclosed that its director Ye Liu sold 1.91M shares of common stock on January 11th in a total transaction size of $37.2M.
NTRA

Hot Stocks

17:43 EST Natera announces jury verdict on damages below amount sought by Ravgen - The company states: "Natera announced that a jury has reached a verdict in the United States District Court for the Western District of Texas regarding a patent infringement lawsuit brought by Ravgen, Inc. against Natera. Natera noted that the damages award of $57 million was significantly less than the $410 million Ravgen was seeking. In addition, the jury determined there was no willful infringement by Natera. This decision will have no impact on the Company's ability to continue serving its customers. The patent at issue has expired."
VSAC

Hot Stocks

17:35 EST Vision Sensing Acquisition announces plan of merger with Mediforum - Vision Sensing Acquisition Corp. announced that it has entered into a definitive Agreement and Plan of Merger with Mediforum Co., Ltd, a prominent biotechnology company based in Korea, specializing in the research and development of ethical drugs, diagnostic reagents, and strategic application products, providing for a proposed business combination that, if consummated, will result in Mediforum becoming a publicly listed company. Subject to the terms and conditions set forth in the Merger Agreement, upon the closing of the transactions, the combined company will be listed on NASDAQ under a new ticker symbol. Mediforum's current management team is expected to continue running the combined company after the transaction. Under the terms of the Merger Agreement, a new company will be formed in British Virgin Islands for the purpose of participating in the transactions contemplated in the Merger Agreement and becoming the publicly traded holding company upon the closing of the business combination. Prior to the closing, (i) Mediforum will restructure and redomesticate to the British Virgin Islands; (ii) Merger Sub 1, a British Virgin Islands business company and wholly owned subsidiary of PubCo, will be formed for the purpose merging with and into the BVI Company, the separate existence of Merger Sub 1 will cease and the BVI Company will be the surviving corporation of the Initial Merger; (iii) Merger Sub 2, a Delaware company and wholly owned subsidiary of PubCo, will be formed for the purpose merging with and into VSAC, the separate existence of Merger Sub 2 will cease and VSAC will be the surviving corporation of the SPAC Merger. Both the surviving corporations of Initial Merger and SPAC Merger will be direct wholly owned subsidiaries of PubCo. The consideration for the transaction shall be $250,000,000. Upon the closing, the shareholders of the BVI Company will receive 25,000,000 Class A Ordinary Shares of PubCo, valued at $10.00 per share, as the Merger Consideration.
DASH

Hot Stocks

17:33 EST DoorDash director Andy Fang sells over $14M in company shares - DoorDash director Andy Fang disclosed the sale of 133,980 shares of company stock at $104.54 per share between January11 and January 12 for a total transaction amount of $14,005,881.
PB

Hot Stocks

17:32 EST Prosperity Bancshares announces 4.7M share repurchase program - Prosperity Bancshares announced that its Board of Directors authorized a stock repurchase program under which the company may repurchase up to 5%, or approximately 4.7M shares, of its outstanding common stock over a one-year period expiring on January 16, 2025, at the discretion of management.
BANX

Hot Stocks

17:31 EST ArrowMark Financial Corp. reports estimated NAV $21.43 as of December 31, 2023
ENLC

Hot Stocks

17:06 EST EnLink Midstream lowers long-term leverage target to 3.5-times debt-to-EBITDA - EnLink "lowered its long-term leverage target to 3.5x debt-to-EBITDA. EnLink's previous target was below 4.0x. The updated policy reflects progress made on deleveraging and strengthening the balance sheet, EnLink's solid financial and operational performance, and management's confidence in the long-term outlook of the business. At the end of the third quarter of 2023, EnLink's leverage stood at 3.4x."
ENLC

Hot Stocks

17:05 EST EnLink Midstream raises quarterly dividend by 6% to 13.25c per share - The Board declared a cash distribution of $0.1325 per common unit for the fourth quarter of 2023, which represents an increase of approximately 6% from the third quarter 2023 distribution. The fourth quarter 2023 cash distribution will be paid on February 9, 2024, to unitholders of record on January 29, 2024.
ENLC

Hot Stocks

17:04 EST EnLink Midstream authorizes new $200M buyback plan - EnLink Midstream "announced that the EnLink Board of Directors completed its expanded 2023 common unit repurchase authorization of $250 million, authorized a 2024 common unit repurchase plan, increased its quarterly distribution for the fourth quarter of 2023 by approximately 6%, and updated EnLink's financial policy to reflect a long-term leverage target of 3.5x debt-to-EBITDA. The Board authorized a new $200 million unit repurchase plan for 2024. This marks the third consecutive year that the Board has authorized a significant unit repurchase plan. Following consistent repurchase execution since early 2022, EnLink has repurchased approximately 42 million units, which represents approximately 9% of total outstanding units at the end of 2021. GIP will also participate in the 2024 unit repurchases through its execution of a Unit Repurchase Agreement for 2024."
SLDP

Hot Stocks

17:04 EST Solid Power signs three new agreement with SK On - Solid Power announced it has deepened its partnership with SK On with three new agreements: a research and development license, a line installation arrangement, and an electrolyte supply agreement. Together, the agreements expand Solid Power's presence in Korea and strengthen the existing relationship between Solid Power and SK On, a key cell manufacturing partner. The deepened relationship between the two companies will increase overall collaboration and development efforts on Solid Power's solid-state cell technology. The agreements enable SK On to use Solid Power's cell technology for research and development and to produce batteries on a new SK On solid-state line in Korea. Upon achievement of milestones and electrolyte deliveries, Solid Power expects to receive at least $50M in revenue from these combined agreements.
SAFE

Hot Stocks

17:03 EST Safehold CIO Marcos Alvarado to step down, Tim Doherty to succeed - Safehold announced updates to its executive management team. Tim Doherty, EVP, head of investments, has been appointed chief investment officer, or CIO, and Steve Wylder, EVP, Investments, has been appointed EVP, head of investments, effective January 26. The company's current president and chief investment officer, Marcos Alvarado, will step down from the company to pursue a professional opportunity at a private investment firm. Alvarado will remain with Safehold through January 26, 2024 to ensure a smooth transition of his responsibilities. In connection with his departure from the company, Alvarado will also step down from his position as a member of the company's board of directors.
RCUS GILD

Hot Stocks

17:03 EST Arcus Biosciences announces 'promising' ARC-8 Phase 1b study data - Arcus Biosciences (RCUS) "announced promising overall survival data from ARC-8, a Phase 1b study that is being co-developed with Gilead Sciences (GILD). ARC-8 is the study of quemliclustat, an investigational small molecule CD73 inhibitor, plus chemotherapy with or without zimberelimab, an investigational anti-PD-1 antibody, in patients with previously untreated metastatic pancreatic ductal adenocarcinoma (mPDAC). The results will be presented during the 2024 American Society of Clinical Oncology Gastrointestinal Cancers Symposium (ASCO GI). The results to be presented include data from all patients (n=122) with treatment-naive (first-line) mPDAC who received 100mg of quemliclustat plus chemotherapy with or without zimberelimab in the dose-escalation, dose-expansion and randomization cohorts of ARC-8. The data cutoff was June 19, 2023. Median overall survival (mOS) data for both quemliclustat-based regimens were numerically greater than historical benchmark data for chemotherapy alone, which has shown a mOS of approximately nine months."
WATT

Hot Stocks

17:01 EST Energous appoints Mallorie Burak as CFO - Energous announced that the board of directors appointed Mallorie Burak as Energous' CFO effective January 15. Susan Kim van-Dongen, the Company's prior Interim Chief Financial Officer, stepped down on January 15. Burak has over 17 years of experience in chief financial executive roles for private, NASDAQ, and OTCQX-listed technology companies. Before joining Energous, Burak served as President and CFO of Knightscope, an advanced public safety technology company, CFO of ThinFilm Electronics ASA, a solid-state lithium battery start-up, and CFO of Alta Devices, a GaAs thin-film solar technology start-up. Ms. Burak's experience extends to advisory roles at Locale, SSG Capital Advisors LLC, and SIM-X Tactical Solutions, as well as President and CFO at FriendFinder Networks Inc., and CFO positions at Rainmaker Systems, Inc., FoodLink, and Vice President, Finance and Acting CFO at Southwall Technologies.
JBL

Hot Stocks

16:54 EST Jabil SVP Ferri sells 6,183 common shares - In a regulatory filing, Jabil senior VP Robert Ferri disclosed the sale of 6,183 common shares of the company on January 11 at a price of $129.97 per share.
KFFB

Hot Stocks

16:48 EST Kentucky First Federal suspends payment of quarterly dividend indefinitely - Kentucky First Federal Bancorp, the holding company for First Federal Savings and Loan Association of Hazard, Kentucky and First Federal Savings Bank of Kentucky, Frankfort, Kentucky, announced that the Company's Board of Directors has voted to suspend the payment of the quarterly cash dividend on the Company's common stock indefinitely. Emphasizing that the Banks are both well-capitalized under all applicable regulatory requirements and that asset quality remains good, Don Jennings, President and CEO, stated, "While the suspension of our quarterly dividend is very disappointing, as previously disclosed, we have experienced historical increases in short-term market interest rates as well as a persistent inversion of the yield curve that has resulted in compressed net interest margins and much lower earnings at the bank level. As designed, our loans are repricing in response to the higher rate environment, but due to contractual terms of those loans, increases are restricted as to time and amount, resulting in a slower pace of increase than that of liabilities."
LOOP

Hot Stocks

16:47 EST Loop Industries announces MOU for $66M of financing from Reed Management - Loop Industries announced that the company signed a non-binding Memorandum of Understanding with Reed, a European investment firm focused on high impact and technology-enabled infrastructure. Loop and Reed intend to form a strategic long-term partnership through the establishment of a 50/50 joint venture to commercialize Loop's technology in Europe. Reed intends to provide financing of $66M in non-dilutive capital. Of this amount, $33M is to be provided to Loop as non-dilutive capital to fund Loop's technology commercialization globally. The remaining $33M is to be invested in the JV. The non-binding MOU is subject to customary due diligence and the fulfillment of certain pre-closing conditions. The transaction is expected to close by the end of March 2024.
LPG

Hot Stocks

16:46 EST Dorian LPG CEO buys $213K in common stock - In a regulatory filing, Dorian LPG disclosed that its CEO John Hadjipateras bought 5.0K shares of common stock on January 12th in a total transaction size of $213K. Shares of Dorian LPG are up 2% afterhours at $41.70.
IBKR

Hot Stocks

16:41 EST Interactive Brokers CIO sells $2.3M in common stock - In a regulatory filing, Interactive Brokers disclosed that its CIO Thomas Frank sold 26.2K shares of common stock on January 11th as part of option exercise in a total transaction size of $2.3M.
CMP

Hot Stocks

16:30 EST Compass Minerals names Edward Dowling CEO - Compass Minerals announced that its board of directors has named Edward C. Dowling Jr. as the company's new president and chief executive officer, effective Jan. 18, 2024. Dowling will continue to serve on the company's board, which he joined in March 2022. Dowling succeeds Kevin S. Crutchfield, who will step down from his position as the company's president, CEO and member of the board, effective end-of-day Jan. 17, 2024. Crutchfield will continue to serve in a consulting capacity through the end of the fiscal year to help ensure a smooth transition. "Through Kevin's leadership over the past several years, Compass Minerals has made meaningful strides in safety and achieved a number of strategic milestones, particularly with the emergence of our next-generation Fire Retardant business. Our entire board appreciates the lasting contributions Kevin has made in preparing our company for future growth," said Joe Reece, non-executive chairman of the board. "As Compass Minerals enters its next chapter, our board looks forward to leveraging Ed's deep leadership experience and perspectives as we renew our focus on reducing costs, driving positive free cash flow and generating sustained value through our unique set of advantaged assets."
SHOT

Hot Stocks

16:25 EST Safety Shot authorized to serve notice of action against Capybara Research - "On December 5, Safety Shot announced that it filed a federal lawsuit in the United States District Court for the Southern District of New York, Safety Shot, Inc. v. Capybara Research et. al., Case No. 1:23-cv-10728-JSR against Capybara Research, A firm that Safety Shot alleges was created for solely to lend "credibility" to its malicious and defamatory articles purposefully designed to negatively impact the share prices of publicly traded companies in which it holds short positions, and its previously anonymous owner and operator responsible for publishing the malicious and defamatory article authored and published on November 22 which attacked the Company and its directors leading to a 37.03% decline in the Company's share price over the course of that day. After commencing the Action, the Company's counsel at The Basile Law Firm discovered the true identity of the individual responsible for the article published on Capybara's website and X f/k/a Twitter account to be an individual living in Brazil named Igor Appelboom. Appelboom previously operated an X account under his own name to which he posted content relating to the short selling of various securities. Capybara and Appelboom take short positions in publicly trading companies and release fraudulent, disparaging reports in order to drive the company's stock price down for their own financial benefit," said the company in a statement.
PLXS

Hot Stocks

16:24 EST Plexus announces new $50M share repurchase program - Todd Kelsey, Chief Executive Officer, commented, "I remain confident in my expectations that, over the long-term, Plexus' strategy will continue to deliver industry-leading revenue growth and superior returns for our shareholders. In the near term, Plexus is focused on continuing to deliver customer service excellence, tightly managing costs and generating cash. In support of our commitment to return any excess cash to shareholders, I am pleased to announce that our Board of Directors approved a new $50 million share repurchase program. We believe repurchasing our common stock at current market prices is an attractive use of our capital and creates an additional opportunity to create long-term shareholder value."
BXC

Hot Stocks

16:20 EST BlueLinx announces expansion of distribution deal with Huber, no terms - BlueLinx Holdings and Huber Engineered Woods , a subsidiary of J.M. Huber Corporation, a leading privately-held specialty building products manufacturer, are pleased to announce an expansion of their distribution partnership. The expansion will include Huber's assortment of AdvanTech, subflooring and ZIP System building enclosure product lines in BlueLinx's Denville, NJ, and Pensacola, FL service areas. Mike Wilson, Chief Product Management Officer at BlueLinx, states "By expanding our partnership with Huber, we are strengthening our ability to provide our customers with the best-in-class products they deserve. Huber is renowned for its exceptional range of brands, known for their reliability, innovation, and customer satisfaction. This expansion will further our commitment to meeting the diverse demands of the marketplace while underscoring our commitment to growing our specialty product segments. We are confident that this collaboration will bring significant value to our customers and contribute to the growth and success of our respective businesses."
FTI BP

Hot Stocks

16:17 EST TechnipFMC awarded significant subsea contract by BP in Gulf of Mexico - TechnipFMC (FTI) has been awarded a significant contract by BP (BP) for its Argos Southwest Extension project in the Mad Dog field. TechnipFMC will install pipe and an umbilical, tying back three new wells to the Argos platform in the Gulf of Mexico. Jonathan Landes, President, Subsea at TechnipFMC, commented: "We have a long-standing relationship with bp, underpinned by close collaboration. This partnership, combined with our robust installation and execution capabilities, enables us to meet bp's schedule to extend the production in the Mad Dog field." Under the contract, TechnipFMC will also manufacture and install pipeline end terminations. For TechnipFMC, a "significant" contract is between $75M and $250M. This award was included in fourth quarter 2023 Subsea inbound orders.
CVGW

Hot Stocks

16:17 EST Calavo Growers explores sale of Fresh Cut Business to F&S Fresh Foods - Calavo Growers announced that it is exploring a sale of its Fresh Cut Business to F&S Fresh Foods. Highlights of the contemplated transaction include: total transaction value of approximately $100M, subject to customary adjustments; significant reduction to Calavo's post-transaction SG&A; transaction closing anticipated in second fiscal quarter of 2024; expected use of proceeds includes debt reduction, growing our core business and returning cash to shareholders. There can be no assurance that a definitive agreement will result from the discussions with F&S Fresh Foods and terms are still subject "Since I returned to Calavo as CEO in March, we have renewed our focus on our core avocado and guacamole businesses to maximize profitability, and I am pleased with the progress we have made," said Lee E. Cole, President and CEO of Calavo Growers. "To dedicate more focus to our core and to maximize shareholder value, we have been exploring strategic alternatives for our Fresh Cut business, previously known as RFG. I am pleased to share that we have signed a non-binding letter of intent to evaluate a sale of our Fresh Cut business and some related real estate with F&S Fresh Foods, a leader in the industry and one of our long-trusted co-packing partners."
UTI

Hot Stocks

16:16 EST Universal Technical names Carolyn Frank as chief human resource officer - Universal Technical Institute announced the appointment of Carolyn Frank as chief human resource officer, effective immediately. Frank brings more than 20 years of experience in building and managing human resource organizations across industries. Prior to UTI, Inc., Frank held executive leadership positions at Finance of America and Guild Mortgage Company.
OBDE

Hot Stocks

16:15 EST Blue Owl Capital Corporation III intends to list on NYSE - Blue Owl Capital Corporation III announced that it intends to list the company's shares of common stock on the New York Stock Exchange. Subject to market conditions, the company anticipates that its shares of common stock will commence trading on the NYSE on January 25 under the ticker symbol "OBDE".
MMSI

Hot Stocks

16:14 EST Merit Medical enrolls first patient in Motion study - Merit Medical Systems announced the successful enrollment of the first patient in its multicenter, prospective, randomized, controlled trial comparing genicular artery embolization or GAE, using Embosphere Microspheres to corticosteroid injections for the treatment of symptomatic knee osteoarthritis.. MOTION, study. In 2022, the United States Food and Drug Administration FDA granted Merit's Embosphere Microspheres "breakthrough device designation" for GAE. Under this designation, Embosphere Microspheres received priority review by the FDA, which allowed for accelerated review and development of the MOTION study protocol. "We look forward to the results of this study, as we feel it can offer another solution to the millions of people globally who suffer from arthritic knee pain every year," said Craig J. McAsey, MD, Co-Global Principal Investigator of the MOTION study, and paid consultant of Merit. "In orthopedics, we are still searching for an effective alternative to surgery when possible; I am hopeful that this will actually bring us closer to that goal."
MMSI

Hot Stocks

16:13 EST Merit Medical enrolls first patient in MOTION study - Merit Medical announced the successful enrollment of the first patient in its multicenter, prospective, randomized, controlled trial comparing genicular artery embolization, or GAE, using Embosphere Microspheres to corticosteroid injections for the treatment of symptomatic knee osteoarthritis study.
SPWR

Hot Stocks

16:11 EST SunPower adopts restructuring plan to reflect slower sales - In a regulatory filing, the company stated: "On January 12, 2024, SunPower adopted a restructuring plan to further advance efforts reducing operating costs due to slower sales driven, in part, by higher interest rates. The plan is intended to improve the economics of the business. The Company expects to incur restructuring charges totaling approximately $12.8 million, consisting of approximately $8.2 million in severance benefits, and expects to write down approximately $4.7 million in right of use assets. The Company plans to execute the restructuring plan by the end of the third quarter of fiscal 2024, with a substantial portion of the restructuring charges expected to be incurred in the first quarter of fiscal 2024. The actual timing and costs of the plan may differ from the Company's current expectations and estimates."
IKT

Hot Stocks

16:10 EST Inhibikase Therapeutics CFO Frattaroli to retire at Q1-end, Lees-Rolfe succeeds - Inhibikase Therapeutics announced that Joseph Frattaroli, Chief Financial Officer, plans to retire at the end of the first quarter of 2024. The Company's Vice-President for Finance, Garth Lees-Rolfe, will be promoted to Chief Financial Officer. "On behalf of the Board of Directors and the entire Inhibikase team, I would like to extend our deepest gratitude to Joe for his years of service. Joe joined Inhibikase in 2018, and, through his leadership, we successfully transitioned into a public company and have managed to finance our research and development programs despite the difficult market," said Dr. Milton Werner, President and Chief Executive Officer of Inhibikase. "While I'm sad to lose a partner and confidant, succeeding Joe in his role is Garth Lees-Rolfe, our current VP of finance, who has been working with Joe and has been assuming increased responsibilities over the past year as part of a planned transition to becoming our next Chief Financial Officer. We are excited to have Garth take on an expanded role with Inhibikase as we enter a new chapter of growth."
DH

Hot Stocks

16:10 EST Definitive Healthcare CEO Robert Musslewhite steps down - Definitive Healthcare announced that Robert Musslewhite has stepped down as CEO and as a member of the board of directors to transition to a new phase of leadership for the company. Jason Krantz, founder and executive chairman of Definitive Healthcare, has been appointed interim CEO. The board has engaged a leading global executive search firm to commence a process to identify a permanent CEO.
NIC

Hot Stocks

16:08 EST Nicolet Bankshares reports Q4 net interest margin 3.30% vs. 3.39% last year - Reports Q4 provision for loan loss $1.0M vs. $1.9M last year.
PCVX

Hot Stocks

16:08 EST Vaxcyte appoints Whitney Jones as Chief People Officer - Vaxcyte announced the appointment of Whitney Jones as Chief People Officer. Ms. Jones will lead Vaxcyte's human resources strategy and operations, including people and culture, talent acquisition and management, learning and development, total rewards and employee engagement. "At Vaxcyte, we are proud to cultivate a culture that values collaboration, innovation and a shared commitment to our mission," said Grant Pickering, Chief Executive Officer and Co-founder of Vaxcyte. "We have built an extraordinary team, and we recognize that our success is intricately tied to the strength and well-being of our people. Whitney's role as our Chief People Officer will be instrumental in championing our people-first approach and ensuring that our workforce continues to grow and thrive."
CRSP

Hot Stocks

16:07 EST Crispr Therapeutics announces FDA approval for Casgevy - Crispr Therapeutics announced that the FDA has approved Casgevy, a CRISPR/Cas9 gene-edited cell therapy, for the treatment of transfusion-dependent beta thalassemia (TDT) in patients 12 years and older.
FARO

Hot Stocks

16:07 EST Faro Technologies says Matthew Horwath to succeed Allen Muhich as CFO - Faro announced that Matthew Horwath has been promoted to SVP & CFO from his current position as Vice President of Finance at FARO, effective immediately. Matthew succeeds Allen Muhich, the company's current CFO, who will provide transition services to the company through April 1. Before joining Faro, Horwath's background included public accounting at Ernst & Young LLP and corporate accounting positions at Winn-Dixie Stores.
NRIX

Hot Stocks

16:07 EST FDA grants 'Fast Track' for Nurix's for NX-5948 to treat r/r CLL/SLL - Nurix Therapeutics announced that the U.S. Food and Drug Administration FDA has granted Fast Track designation for NX-5948, a highly selective degrader of Bruton's tyrosine kinase BTK , for the treatment of adult patients with relapsed or refractory chronic lymphocytic leukemia or small lymphocytic lymphoma or r/r CLL/SLL, after at least two lines of therapy, including a BTK inhibito,r BTKi , and a B-cell lymphoma 2, BCL2, inhibitor. "Fast Track designation for NX-5948 is an important recognition of the unmet patient need in CLL, particularly in the growing number of patients whose cancer has progressed following BTK and BCL2 inhibitor therapy," said Arthur T. Sands, M.D., Ph.D., president and chief executive officer of Nurix. "This designation follows encouraging safety and efficacy data from our ongoing Phase 1 clinical trial, demonstrating early promise of clinical benefit with potential for durable outcomes. The receipt of Fast Track designation is especially timely given our plans to accelerate enrollment in the Phase 1 trial of NX-5948 with the goal of enabling a pivotal study for NX-5948 as rapidly as possible." The FDA's Fast Track designation is intended to facilitate and expedite the development and review of drug candidates to treat serious conditions and fulfill an unmet medical need. To qualify, available clinical and non-clinical data need to demonstrate a therapeutic candidate's potential to address an unmet medical need. A therapeutic candidate that receives Fast Track designation may be eligible for more frequent interactions with the FDA to discuss the candidate's development plan and, if relevant criteria are met, eligibility for Accelerated Approval and Priority Review.
GPRO

Hot Stocks

16:06 EST GoPro to acquire Forcite Helmet Systems - GoPro announced an agreement to acquire Forcite Helmet Systems, a pioneer in embedding technology into helmets. GoPro intends to accelerate Forcite's vision to provide a safer, more dynamic motorcycling experience through tech-enabled motorcycle helmets with the long-term goal of tech-enabling other categories of helmets over time. GoPro's acquisition of Forcite is expected to close in Q1, subject to customary closing conditions. GoPro will share more details on the deal at its Q4 and 2023 earnings conference call on February 7.
ELIQ

Hot Stocks

16:05 EST Electriq Power Holdings Inc trading halted, news pending
IBKR

Hot Stocks

16:03 EST Interactive Brokers down 2% at $85.50 after Q4 earnings miss
IBKR

Hot Stocks

16:02 EST Interactive Brokers reports Q4 Total DARTs up 2% at 1.93M - Reports Q4: Customer accounts increased 23% to 2.56 million. Customer equity increased 39% to $426.0 billion. Total DARTs increased 2% to 1.93 million. Cleared DARTs increased 2% to 1.73 million. Customer credits increased 10% to $104.5 billion. Customer margin loans increased 14% to $44.4 billion.
LHX

Hot Stocks

15:19 EST L3Harris announces contract with potential value of up to $919M for satellites - L3Harris Technologies announces it received a contract with a potential value of up to $919M to design and build 18 infrared space vehicles for the Space Development Agency's Tranche 2 Tracking Layer program that will provide near-global missile warning and tracking coverage. "Space remains a growth engine, and we are well positioned to provide innovative solutions after having made significant investments in technology for space vehicles, payloads and ground software. The SDA's latest decision is another example of L3Harris listening to customers, knowing the threats and delivering value for stakeholders while supporting our country," said Christopher Kubasik, Chair and CEO, L3Harris.
LRLCY

Hot Stocks

15:03 EST L'Oreal subsidiary to acquire operations of Icon Salon Systems in Canada - L'Oreal Canada announced a definitive agreement for SalonCentric Canada, a subsidiary of L'Oreal Canada, to acquire the operations of ICON SALON SYSTEMS, a full-service, privately owned distributor currently headquartered in British Columbia, in Canada. "The acquisition of these assets will expand L'Oreal's professional salon distribution operation, SalonCentric Canada, into BC. ICON has 7 professional-only stores, 12 sales representatives and 41 additional employees, and is one of the leading professional products distributors in BC," the company stated.
RGNX

Hot Stocks

14:51 EST Regenxbio reports 'positive' interim data from AAVIATE trial - Regenxbio announced positive interim data from the Phase II AAVIATE trial of ABBV-RGX-314 for the treatment of wet age-related macular degeneration (wet AMD) using suprachoroidal delivery. Wet AMD is a chronic, life-long disease with available anti-VEGF treatment options that may reduce the risk of blindness, but require frequent injections. Investigational ABBV-RGX-314 using suprachoroidal delivery is designed to be a one-time, in office treatment that has the potential to sustain constant anti-VEGF therapy and stabilize or improve vision long-term for wet AMD patients. The new data presented at the Hawaiian Eye and Retina meeting in Maui, HI by John Pitcher, M.D., Eye Associates of New Mexico, includes 6-month results from two additional dose level 3 cohorts (Cohorts 5 and 6). ABBV-RGX-314, being developed in collaboration with AbbVie, is also being investigated as a potential one-time gene therapy for the treatment of diabetic retinopathy and other chronic retinal conditions. AAVIATE is a Phase II, multi-center, open-label, randomized, active-controlled, dose-escalation trial that is evaluating the efficacy, safety and tolerability of suprachoroidal delivery of ABBV-RGX-314 in patients with wet AMD. The primary endpoint of the trial is mean change in vision in patients dosed with ABBV-RGX-314, as measured by best corrected visual acuity (BCVA) at Week 40 from baseline, compared to patients receiving monthly injections of ranibizumab. Other endpoints include mean change in central retinal thickness (CRT) and number of anti-vascular endothelial growth factor (anti-VEGF) intravitreal injections received following administration of ABBV-RGX-314. As of November 6, 2023, ABBV-RGX-314 suprachoroidal delivery was well tolerated across 106 patients from three dose levels. No drug-related SAEs were reported. All treatment emergent adverse events (TEAEs) through 6 months in the study eye were mild or moderate and included conjunctival hemorrhage, increased intraocular pressure, episcleritis, and conjunctival hyperemia. Mild intraocular inflammation was reported at similar incidence rate in the first and second dose levels, with mild to moderate intraocular inflammation seen at the third dose level in Cohort 4 and 5. All intraocular inflammation resolved with topical corticosteroids. Notably, there were zero cases of intraocular inflammation in dose level 3, Cohort 6 (n=21), in which patients received a short-course of prophylactic topical steroids following administration of ABBV-RGX-314.
PDCO

Hot Stocks

14:45 EST Patterson named exclusive North American distributor of Solea laser - Convergent Dental announced that the company has entered into an agreement with Patterson Dental, a subsidiary of Patterson Companies, that will make Patterson the exclusive North American distributor of the Solea All-Tissue Dental Laser. "Convergent and Patterson have successfully partnered since 2016, and we are thrilled to take our business relationship to a new level. This exclusive distribution agreement will help focus our go-to-market strategy and further optimize our partnership as we collectively drive the broad-based adoption of Solea," said Robert Gershon, CEO of Convergent Dental.
CGC

Hot Stocks

14:32 EST Canopy Growth shares higher after saying subscription pact terminated - Shares of North American cannabis and consumer packaged goods Canopy Growth jumped as high as 20% on Tuesday morning after the company terminated the Subscription Agreements on January 12 . As a result of such termination, no securities will be sold pursuant to the Private Placement. The Company expects to be in position to complete customary closing requirements in the next few weeks, and the Company continues to have sufficient liquidity, including through its cash on hand, debt facilities, and other expected sources of financing. The Company expects to report its fiscal third quarter financial results on February 9. Shares are currently trading up 7% or approximately 33c per share at $4.85.
IMAX

Hot Stocks

14:31 EST Imax names Anne Globe chief marketing officer - Imax Corporation has named entertainment marketing executive Anne Globe as Chief Marketing Officer of Imax. In her role, Globe will oversee all brand, film marketing, creative, and social media for the global entertainment technology platform. Previously, Globe served as CMO of Skydance Media as well as DreamWorks Animation. "Anne is a deeply versatile, experienced, and well-networked executive who has elevated creative work across virtually every medium in partnership with some of the most celebrated filmmakers and artists," said Rich Gelfond, CEO of IMAX. "2023 was a banner year for IMAX in which the Company demonstrated the breadth of awe-inspiring experiences it can deliver globally, and Anne's leadership will be critical as we bring more diverse films and events to our fans than ever before."
VRTX

Hot Stocks

14:28 EST Vertex reports FDA approves Casgevy for transfusion-dependent beta thalassemia - Vertex Pharmaceuticals announced that the U.S. Food and Drug Administration has approved Casgevy, a CRISPR/Cas9 gene-edited cell therapy, for the treatment of transfusion-dependent beta thalassemia in patients 12 years and older. "On the heels of the historic FDA approval of CASGEVY for sickle cell disease, it is exciting to now secure approval for TDT well ahead of the PDUFA date. TDT patients deserve new, potentially curative treatment options, and we look forward to bringing CASGEVY to eligible patients who are waiting," said Reshma Kewalramani, M.D., Chief Executive Officer and President of Vertex.
CGC

Hot Stocks

14:15 EST Canopy Growth announces termination of deals for $30M private placement - On January 9, Canopy Growth entered into Subscription Agreements with certain institutional investors pursuant to which the Company agreed sell to the Investors an aggregate of 6,993,007 units of the Company at a price of $4.29 per Unit in a private placement for approximate gross proceeds of $30M. Following the announcement of the Private Placement and prior to closing, the Company received information from a third party that such third party could not complete certain tasks in a timely manner, which would result in delays outside of the Company's control and impact the Company's ability to satisfy customary closing requirements. Due to this, and based on mutual agreement with the Investors, the Company terminated the Subscription Agreements on January 12. As a result of such termination, no securities will be sold pursuant to the Private Placement. The Company expects to be in position to complete customary closing requirements in the next few weeks, and the Company continues to have sufficient liquidity, including through its cash on hand, debt facilities, and other expected sources of financing. The Company expects to report its fiscal third quarter financial results on February 9. Reference Link
CORZ CORZQ

Hot Stocks

14:13 EST Core Scientific reorganization plan confirmed by bankruptcy court - Core Scientific (CORZQ) announced the United States Bankruptcy Court for the Southern District of Texas has confirmed the company's Chapter 11 plan of reorganization. The Bankruptcy Court's approval of the Plan clears the way for Core Scientific to emerge and re-list on Nasdaq by the end of January 2024. Under the terms of the Plan, shareholders as of the anticipated record date of January 23, 2024 will receive shares of the company's new common stock and warrants, constituting approximately 60% of the company's new equity following exercise of the warrants issued to existing shareholders and including new shares issued as part of the equity rights offering. Assuming the cash exercise of all applicable warrants, and the cash is used to pay down debt, the company's existing debt would be paid in full, a reduction of approximately $1B from its debt balance prior to the Plan. Plan approval comes shortly after the company announced it had fully paid off its DIP financing and successfully completed an oversubscribed $55M Equity Rights Offering. "Today's plan confirmation is a defining moment in our reorganization; we're poised to emerge by the end of this month as an even stronger company, with a highly motivated team that is aligned for success. With demand for Bitcoin and high-value compute continuing to rise, we look forward to creating value for our shareholders as we execute our growth plan, de-lever our balance sheet and deliver superior efficiency at scale," said Adam Sullivan, Core Scientific Chief Executive Officer.
KR ACI

Hot Stocks

13:54 EST Washington state sues to block proposed Kroger- Albertsons merger - Attorney General Bob Ferguson filed a lawsuit to block the proposed Kroger (KR)-Albertsons (ACI) grocery merger. Ferguson asserts the proposed merger of the two largest supermarket companies in Washington state will severely limit shopping options for consumers and eliminate vital competition that keeps grocery prices low. Ferguson also asserts that a proposal by Kroger and Albertsons to mitigate the impacts of their merger, which includes selling off more than 100 stores in Washington, does not change the fact that Kroger would still enjoy a near-monopoly in many markets in the state. In addition, the plan to sell the stores to a company that is primarily a wholesale supplier could set up many of the divested supermarkets to fail, endangering Washington jobs and further diminishing choices for Washington shoppers. "This merger is bad for Washington shoppers and workers," Ferguson said. "Free enterprise is built on companies competing, and that competition benefits consumers. Shoppers will have fewer choices and less competition, and, without a competitive marketplace, they will pay higher prices at the grocery store. That's not right, and this lawsuit seeks to stop this harmful merger." Reference Link
JBLU SAVE

Hot Stocks

13:14 EST JetBlue up 5%, Spirit down 55% after judge rules against proposed merger
JBLU SAVE

Hot Stocks

13:11 EST Judge rules JetBlue, Spirit Airlines enjoined from executing proposed merger - A judge in the United States District Court of Massachusetts ruled that the proposed acquisition of Spirit Airlines (SAVE) by JetBlue (JBLU) violates Section 7 of the Clayton Act. The ruling posted to the site of the court stated in part: "Spirit is a small airline. But there are those who love it. To those dedicated customers of Spirit, this one's for you. Why? Because the Clayton Act, a 109-year-old statute requires this result -- a statute that continues to deliver for the American people. In light of the foregoing Findings of Fact and Conclusions of Law, it is hereby ORDERED that the Defendant Airlines, their agents, servants, employees, and all persons acting in concert with either of them, are PERMANENTLY ENJOINED from executing the proposed merger as agreed on July 28, 2022." Reference Link
JBLU SAVE

Hot Stocks

13:10 EST Judge rules JetBlue, Spirit Airlines enjoined from executing proposed merger - A judge in the United States District Court of Massachusetts stated in a ruled that the proposed acquisition of Spirit Airlines (SAVE) by JetBlue (JBLU) violates Section 7 of the Clayton Act. The ruling posted to the site of the court stated in part: "Spirit is a small airline. But there are those who love it. To those dedicated customers of Spirit, this one's for you. Why? Because the Clayton Act, a 109-year-old statute requires this result -- a statute that continues to deliver for the American people. In light of the foregoing Findings of Fact and Conclusions of Law, it is hereby ORDERED that the Defendant Airlines, their agents, servants, employees, and all persons acting in concert with either of them, are PERMANENTLY ENJOINED from executing the proposed merger as agreed on July 28, 2022." Reference Link
BA

Hot Stocks

13:07 EST Boeing names independent advisor to lead comprehensive quality review - Boeing has named Admiral Kirkland H. Donald, U.S. Navy, as special advisor to Boeing President and CEO Dave Calhoun. The appointment is effective immediately. The company said Admiral Donald and a team of outside experts will conduct a thorough assessment of Boeing's quality management system for commercial airplanes, including quality programs and practices in Boeing manufacturing facilities and its oversight of commercial supplier quality. His recommendations will be provided to Calhoun and to the Aerospace Safety Committee of Boeing's Board of Directors.
SAVE JBLU

Hot Stocks

13:04 EST Spirit Airlines drops over 46% after judge blocks JetBlue deal
SAVE

Hot Stocks

12:59 EST Spirit Airlines trading resumes
SAVE

Hot Stocks

12:54 EST Spirit Airlines trading halted, volatility trading pause
CCOEY

Hot Stocks

12:33 EST Capcom says 'Street Fighter 6' has sold over 3M units worldwide - Capcom announced that "Street Fighter 6," the latest title in the storied "Street Fighter" series, has sold over 3M units worldwide as of January 3, 2024. Reference Link
PCG

Hot Stocks

12:31 EST PG&E names Kaled Awada as chief people officer - Kaled Awada has been named Executive Vice President, Chief People Officer of PG&E Corporation and its subsidiary, Pacific Gas and Electric Company, effective today. Awada will lead PG&E's People organization, responsible for attracting and retaining the right workforce and fostering the right culture to meet the needs of PG&E's customers and build a clean, climate-resilient energy system for the future, the company said in a statement.
BLBD

Hot Stocks

12:04 EST Blue Bird receives order from LAUSD for 180 electric school buses - Blue Bird Corporation announced that it has received the single largest order of electric school buses from a school district in its history. Los Angeles Unified School District ordered 180 electric, zero-emission school buses through their local Blue Bird dealer, A-Z Bus Sales, Inc.
OWLT

Hot Stocks

12:00 EST Owlet rises 8.0% - Owlet is up 8.0%, or 53c to $7.12.
COHR

Hot Stocks

12:00 EST Coherent rises 8.4% - Coherent is up 8.4%, or $3.50 to $45.25.
KOLD

Hot Stocks

12:00 EST ProShares UltraShort Bloomberg Natural Gas rises 10.8% - ProShares UltraShort Bloomberg Natural Gas is up 10.8%, or $7.87 to $80.72.
UNG

Hot Stocks

12:00 EST United States Natural Gas Fund falls -11.0% - United States Natural Gas Fund is down -11.0%, or -75c to $6.07.
OPFI

Hot Stocks

12:00 EST OppFi falls -11.5% - OppFi is down -11.5%, or -52c to $4.00.
UP

Hot Stocks

12:00 EST Wheels Up falls -13.8% - Wheels Up is down -13.8%, or -57c to $3.57.
HLN...

Hot Stocks

11:49 EST GSK announces plans to sell 300M shares of Haleon - GSK (GSK) announced that it intends to sell approximately 300M ordinary shares in Haleon (HLN), equivalent to approximately 3.2% of Haleon's issued share capital. As a result of the disposals announced on May 12, 2023 and October 6, 2023, GSK has since sold a total of 510M ordinary shares in Haleon, reducing its stake in Haleon to approximately 7.4%. The disposal announced today will be conducted through a placing of ordinary shares in Haleon to institutional investors. GSK has entered into a secondary block trade agreement with BofA and Citigroup under which BofA and Citi have been appointed to act as the joint global coordinators of the offering. GSK and Pfizer (PFE), which holds a 32% stake in Haleon, have each undertaken to BofA and Citi not to dispose of any shares in Haleon for a period of 60 days after the date of settlement of the offering.
AXP

Hot Stocks

11:47 EST American Express sells Accertify to private equity firm Accel-KKR - Accel-KKR, a private equity firm, announced that it has reached an agreement with American Express to acquire Accertify, a wholly owned subsidiary. Accertify is a provider of fraud prevention, chargeback management, account protection, and payment gateway solutions. Terms of the deal were not disclosed. Lisa Marchese, head of Corporate Development at American Express said, "Accel-KKR's knowledge and expertise in helping technology companies grow is an important consideration as Accertify embarks on the next step in its journey."
HLN GSK

Hot Stocks

11:46 EST Haleon drops 2% to $8.43 after GSK announces share sale plan
HLN GSK

Hot Stocks

11:44 EST GSK plans to sell 300M shares of Haleon, cut stake to 3.2% - GSK (GSK) announced that it intends to sell approximately 300M ordinary shares in Haleon (HLN), equivalent to approximately 3.2% of Haleon's issued share capital. As a result of the disposals announced on May 12, 2023 and October 6, 2023, GSK has since sold a total of 510M ordinary shares in Haleon, reducing its stake in Haleon to approximately 7.4%. The disposal announced today will be conducted through a placing of ordinary shares in Haleon to institutional investors. GSK has entered into a secondary block trade agreement with BofA and Citigroup under which BofA and Citi have been appointed to act as the joint global coordinators of the offering. GSK and Pfizer (PFE)), which holds a 32% stake in Haleon, have each undertaken to BofA and Citi not to dispose of any shares in Haleon for a period of 60 days after the date of settlement of the offering.
HLN GSK

Hot Stocks

11:41 EST GSK announces intention to sell 300M shares of Haleon
WALD

Hot Stocks

11:03 EST Waldencast drops after announcing FY22 financial results - Shares of Waldencast have fallen $2.07, or 20%, to $8.20 in morning trading after the multi-brand beauty and wellness platform announced earlier that it filed its annual report for the fiscal year ended December 31, 2022 on Form 20-F, including restated financials for Fiscal Years 2021 and 2020, with the Securities and Exchange Commission. U.S. GAAP net revenue was $92.4M for the period July 28, 2022 to December 31, 2022, of which $61.1M was related to the Obagi Skincare segment and $31.3M was related to the Milk Makeup segment, $73.8M for the period January 1, 2022 to July 27, 2022 and $142.5M for the year ended December 31, 2021, the company reported. Combined Group Net Revenue of Obagi Skincare and Milk Makeup for the fiscal year ending December 31, 2022 was $207.4M, up 9.4% vs. $189.5M in the comparable period of the prior year. The Company recognized a net loss of $(120.6M) during the 2022 Successor Period, $(21.1M) during the 2022 Predecessor Period and $(19.6M) during the 2021 Predecessor Period. The loss in the 2022 Successor Period includes the impact of a goodwill impairment for Obagi Skincare of $68.7M, which was recognized shortly after the business combination based on management's qualitative assessment. Adjusted EBITDA was $(16.0M) during the 2022 Successor Period, $0.1M during the 2022 Predecessor Period and $20.6M during the 2021 Predecessor Period. Michel Brousset, Waldencast Founder and CEO, said: "In a period that saw strength in the cosmetics and skincare industry, fiscal 2022 was a disappointing year for Waldencast, with reported revenue and adjusted EBITDA negatively impacted by operating and business process issues at Obagi Skincare, which overshadowed a strong performance by Milk Makeup. In 2023, we acted swiftly to improve the fundamentals at Obagi Skincare and reposition the brand for profitable growth - reinstating product registrations required to conduct business in Southeast Asia, adding the right talent, organizational infrastructure and business practices, and continuing to invest in innovation. While 2023 turned out to be a transition year, we remain confident in our ability to deliver profitable growth supported by an elevated operating platform and robust industry trends for the categories we serve. While the timeline to achieve our growth objectives has been lengthened, our vision for Waldencast remains unchanged: we aim to build a global best in class beauty and wellness platform that creates, acquires, accelerates, and scales the next generation of high growth, highly profitable, purpose driven brands. We are a beauty and wellness pure player, an operating platform built for both speed and agility, reimagining the beauty company of the future as the home of the brands of tomorrow that connect with consumer needs and their values. Accordingly, the completion of the important work needed to file our 2022 20-F, inclusive of the restatement of our 2021 and 2020 financials, marks a key milestone and critical step in our efforts to regain compliance with Nasdaq reporting requirements, ahead of our hearing with the Nasdaq Panel, and satisfaction of the delivery of financial information and related reports requirements under our credit facilities."
GS

Hot Stocks

10:08 EST Goldman Sachs sees continuing to grow financing activity
GS AAPL

Hot Stocks

10:01 EST Goldman Sachs continuing to reduce drag from Apple partnership, says CEO - Goldman says the drag from credit card partnerships will be materially less in 2024.
GS AAPL

Hot Stocks

10:00 EST Goldman Sachs continuing to work with Apple on credit card partnership, says CEO
DEC

Hot Stocks

10:00 EST Digital Equipment Corporation falls -9.4% - Digital Equipment Corporation is down -9.4%, or -$1.36 to $13.15.
AZUL

Hot Stocks

10:00 EST Azul falls -9.7% - Azul is down -9.7%, or -83c to $7.73.
UNG

Hot Stocks

10:00 EST United States Natural Gas Fund falls -13.2% - United States Natural Gas Fund is down -13.2%, or -90c to $5.92.
JDST

Hot Stocks

10:00 EST Direxion Daily Junior Gold Miners Index Bear 3x Shares rises 6.6% - Direxion Daily Junior Gold Miners Index Bear 3x Shares is up 6.6%, or 39c to $6.34.
OWLT

Hot Stocks

10:00 EST Owlet rises 10.8% - Owlet is up 10.8%, or 71c to $7.30.
KOLD

Hot Stocks

10:00 EST ProShares UltraShort Bloomberg Natural Gas rises 12.5% - ProShares UltraShort Bloomberg Natural Gas is up 12.5%, or $9.09 to $81.94.
GS

Hot Stocks

09:57 EST Goldman Sachs CEO sees 'more meaningful' IPOs in 2024
AULT

Hot Stocks

09:56 EST Ault Inc. trading halted, news pending
GS

Hot Stocks

09:55 EST Goldman CEO: Level of strategic dialogue on M&A has increased
GS

Hot Stocks

09:52 EST Goldman Sachs sees remaining nimble with respect to returning cash
GS

Hot Stocks

09:51 EST Goldman Sachs has no updates regarding credit card partnerships, says CFO
JDST

Hot Stocks

09:47 EST Direxion Daily Junior Gold Miners Index Bear 3x Shares rises 6.1% - Direxion Daily Junior Gold Miners Index Bear 3x Shares is up 6.1%, or 36c to $6.31.
KOLD

Hot Stocks

09:47 EST ProShares UltraShort Bloomberg Natural Gas rises 12.5% - ProShares UltraShort Bloomberg Natural Gas is up 12.5%, or $9.12 to $81.97.
DMAQ

Hot Stocks

09:47 EST Deep Medicine Acquisition Corp trading resumes
OWLT

Hot Stocks

09:47 EST Owlet rises 13.1% - Owlet is up 13.1%, or 86c to $7.45.
XPEV

Hot Stocks

09:47 EST XPeng falls -8.3% - XPeng is down -8.3%, or -97c to $10.79.
DEC

Hot Stocks

09:47 EST Digital Equipment Corporation falls -9.0% - Digital Equipment Corporation is down -9.0%, or -$1.31 to $13.20.
UNG

Hot Stocks

09:47 EST United States Natural Gas Fund falls -12.0% - United States Natural Gas Fund is down -12.0%, or -82c to $6.00.
STAF

Hot Stocks

09:46 EST Staffing 360 Solutions disclosed resignation of accounting firm - Staffing 360 Solutions last Friday disclosed that on January 8, Baker Tilly resigned as its independent registered public accounting firm, effective as of January 9. The report of Baker Tilly on the company's consolidated financial statements for the year ended December 31, 2022, did not contain an adverse opinion or a disclaimer of opinion, and was not qualified or modified as to uncertainty, audit scope, or accounting principles, except that Baker Tilly's report dated May 19, 2023, contained an explanatory paragraph stating there was substantial doubt about the company's ability to continue as a going concern, Staffing 360 pointed out.
GS

Hot Stocks

09:44 EST Goldman Sachs says platform for 2024 much stronger
DMAQ

Hot Stocks

09:42 EST Deep Medicine Acquisition Corp trading halted, volatility trading pause
MCAF

Hot Stocks

09:40 EST Mountain Crest Acquisition Corp IV trading resumes
GS

Hot Stocks

09:39 EST Goldman: Consumer ambitions have produced over $150B in deposits
MS

Hot Stocks

09:34 EST Morgan Stanley sees Q1 NII 'roughly in line' with Q4 - Says "encouraged" by signs in NII. Says continues to see growth in fee-based assets. Generating new client growth, new corporate relationships. Says IPO market "beginning to build momentum." Says investment banking pipeline "diversified."
GS

Hot Stocks

09:34 EST Goldman: Potential for rate cuts this year has renewed optimism for soft landing
GS

Hot Stocks

09:33 EST Goldman Sachs CEO says 2023 was a 'dynamic year' - Says U.S. economy "more resilient than expected." Comments taken from Q4 earnings conference call.
ADTH

Hot Stocks

09:32 EST AdTheorent, Adelaide partner for campaign optimization, measurement - AdTheorent Holding Company, and Adelaide announced a partnership enabling AdTheorent to utilize Adelaide's attention-based metrics for campaign optimization and to quantify digital advertising campaign impact. Adelaide's omnichannel AU metric is used for attention-based quality measurement across digital advertising campaigns. The AU score goes beyond viewability, using modeling to evaluate various qualifiers, including ad placement context, position, duration, business outcomes, and eye tracking. With access to Adelaide data, AdTheorent can use top attention-driving tactics to drive campaign performance across multiple formats and channels including display, online video, and connected television. In addition to AU scores, AdTheorent advertisers can gain insight into metrics such as Cost Per AU and Performance by Feature. Additionally, AdTheorent can utilize Adelaide measurement in conjunction with other studies, such as sales lift, brand awareness, and visitation, to determine the impact of attention-based metrics on business outcomes.
MCAF

Hot Stocks

09:30 EST Mountain Crest Acquisition Corp IV trading halted, volatility trading pause
SRPT

Hot Stocks

09:28 EST Sarepta initiates screening in EMERGENE study - Sarepta announced that screening is underway in Study SRP-9003-301. Also known as EMERGENE, Study 9003-301 is a Phase 3, multi-national, open-label study of SRP-9003 for the treatment of limb-girdle muscular dystrophy Type 2E, or beta sarcoglycanopathy. EMERGENE will enroll 15 participants, aged 4 and older, and uses commercially representative process SRP-9003 material.
DSX

Hot Stocks

09:27 EST Diana Shipping announces time charter contract for m/v DSI Aquarius - Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Stone Shipping Ltd, for one of its Ultramax dry bulk vessels, the m/v DSI Aquarius. The gross charter rate is US$14,500, minus a 5% commission paid to third parties, for a period until minimum December 1, 2024 up to maximum February 1, 2025. The charter is expected to commence on January 19, 2024. The "DSI Aquarius" is a 60,309 dwt Ultramax dry bulk vessel built in 2016. The employment of "DSI Aquarius" is anticipated to generate approximately US$4.52 million of gross revenue for the minimum scheduled period of the time charter.
VXRT

Hot Stocks

09:27 EST Vaxart CEO Andrei Floroiu resigns, Michael Finney named interim - Vaxart announced a change in management. Effective immediately Andrei Floroiu, President and CEO of Vaxart, has announced his resignation from his positions with Vaxart as President, CEO, and Director on Vaxart's Board of Directors. Michael J. Finney, Ph.D., the Chair of Vaxart's Board of Directors, has assumed the role of Interim CEO to lead the management team through this transition. Vaxart is conducting a CEO search for Mr. Floroiu's successor. Dr. Finney has served as a member of the Board of Directors since February 2018 and Chair of the Board of Directors since March 2023.
LEXX

Hot Stocks

09:18 EST Lexaria Bioscience unveils planned 2024 GLP-1 study program - Lexaria Bioscience announces a comprehensive planned applied research program to thoroughly evaluate DehydraTECH for the improved delivery of GLP-1 drugs, designed to support prospective commercial partnering with the global pharmaceutical companies. In a recent human pilot study with 7 volunteers, Lexaria demonstrated superior pharmacokinetic oral delivery performance of the DehydraTECH-enhanced glucagon-like peptide-1 drug semaglutide available commercially in the branded product Rybelsus. The results were sufficiently positive to encourage much more thorough and expanded investigation. The objective of the new planned studies is to help determine the commercial applicability of DehydraTECH to at least three GLP-1 drugs which together produced billions of dollars of revenue to their owners, as reported in their most recent financial statements. The new planned studies to be undertaken are as follows: Chronic Dosing Animal Study: Targeted start March/April, 2024. This will be an obese rat diabetic-conditioned study similar to a previous Lexaria study, with approximately 12 study arms and 6-10 animals per arm. The study is expected to run for 12 weeks to allow time to study weight loss, PK, and blood sugar control over time, followed by full data analysis and reporting. Varied DehydraTECH formulations of semaglutide and liraglutide, alone and together with DehydraTECH-CBD, will be evaluated. We also expect to be evaluating DehydraTECH-processed semaglutide with and without the salcaprozate sodium "SNAC" technology currently found within Rybelsus tablets. We will be collecting and reporting interim results prior to the end of the study. Human Pilot Study #2: Targeted start March/April, 2024. This human pilot study in up to 8 healthy volunteers, will study a single dose of oral ingested DehydraTECH-semaglutide capsules in a similar design to Human Pilot Study #1. We also intend to study an oral dissolvable DehydraTECH-semaglutide tablet formulation to determine whether GLP-1 drug absorption via this route is effective and well tolerated as an alternative to the conventional oral ingestible route which often presents with gastrointestinal side effect issues. Tolerability, PK, and blood sugar control will all be evaluated. The DehydraTECH compositions for this study will be compound-formulated using commercially available Rybelsus tablets as the semaglutide input material. Human Pilot Study #3: Targeted start in May/June, 2024. This human pilot study in up to 8 healthy human volunteers will study a single dose of oral ingested DehydraTECH-tirzepatide capsules to evaluate tolerability, PK, and blood sugar. Zepbound is currently administered by injection only and will be used as the tirzepatide input material for production of the DehydraTECH-tirzepatide capsules to be studied. Importantly, this study will evaluate DehydraTECH effectiveness in humans with a dual action GLP-1 + glucose-dependent insulintropic peptide drug while also doing so without the SNAC ingredient found in the Rybelsus semaglutide composition from Human Pilot Studies 1 and 2. Chronic Dosing Human Study: Targeted start Q3, 2024. This chronic human study in 70 to 90 pre-diabetic and type-2 diabetic human patients will dose daily using oral DehydraTECH capsules for 12 weeks and will evaluate tolerability, PK, weight loss, blood sugar levels and more. The primary goal of this study will be to compare DehydraTECH-processed semaglutide capsules to DehydraTECH-CBD capsules alone - and together in combination - relative to a placebo control over an extended period of time. Inclusion of DehydraTECH-CBD in this study will be undertaken to determine if the improvements in glycemic control and weight loss witnessed in Lexaria's previous animal study are evidenced in humans. Long Term Stability Testing: Lexaria plans to study the chemical and microbiological purity and stability of select DehydraTECH compositions that it prepares for the above planned upcoming animal and human studies over an extended duration of 6-12 months. Along with improved tolerability, PK and efficacy performance, long term stability is crucial if oral variants of GLP-1 drugs are to be seriously considered as replacements for currently injectable versions of these drugs. All the programs described above are subject to change or substitution; dates are targets only; and some are subject to raising sufficient funds. All human studies will be investigator-initiated non-registrational studies and will require certain approvals before beginning. All studies will utilize third-party laboratories.
RNVA

Hot Stocks

09:12 EST Rennova Health CEO provides January 2024 message to shareholders - Rennova Health Chief Executive Officer, Seamus Lagan provides the following message to shareholders. "As we begin 2024, I want to provide an update on some of our recent accomplishments and outline our plans for the future. Our efforts in recent years to build and sustain a viable business model for our healthcare services operations have gained momentum. 2023 was a significant year for the Company both operationally and financially... 2023 Operational Highlights: Established robust inpatient services at our flagship hospital, Big South Fork Medical Center. Achieved growth in emergency room and outpatient services. Commenced a swing bed service line. Opened a behavioral health treatment facility offering residential and inpatient detox services and outpatient, office-based opiate treatment services via our wholly-owned subsidiary Myrtle Recovery Centers, Inc. 2023 Financial Highlights: Significant net revenue growth. Debt reduction. Debt restructuring. InnovaQor update... We began 2024 with positive operational momentum and seek to build on recent achievements to: further expand our healthcare services offerings in the communities we serve, consider options to reopen or create value from our closed hospital property, continue to improve our balance sheet and overall financial condition, and further reduce litigation and related costs... We appreciate the support of our shareholders and look forward to increasing shareholder value in 2024."
LAND

Hot Stocks

09:11 EST Gladstone Land announces gain on sale of Florida farm - Gladstone Land has completed the sale of a farm in Florida for approximately $65.7 million. The investment in this farm provided a 60% return on equity, and the sale price reflected a 22% increase over the original purchase price.
APGI

Hot Stocks

09:10 EST American Power Group announces $950,000 stationary dual fuel systems order - American Power Group has received approximately $1.26 million of follow-on orders since October 1st from its network of stationary certified dealer/installers. The most recent being a $950,000 order that is anticipated to ship during the month of January.
TAOP

Hot Stocks

09:10 EST Taoping reports FY23 contract revenue value up 80% to $37.94M - Taoping reported an 80% increase in the Company's contract revenue value for the FY23, as compared with the FY22. The Company entered into contracts totaling RMB 270M, or approximately $37.94M, during 2023, with the majority of the revenue expected to be recognized within FY23 and the balance in FY24. Taoping achieved strong growth throughout 2023, with demand led by the Company's city partner ecosystem and comprehensive portfolio of core high-value, high-traffic area software development and advertising business solutions. The Company continued to invest in its impressive new product pipeline and R&D efforts into powerful new AI-driven solutions, which the Company expects will make significant contributions during FY24.
BBKCF

Hot Stocks

09:09 EST Bigg Digital Assets subsidiary TerraZero, Napster enter partnership - BIGG Digital Assets' TerraZero announces that TerraZero has entered into a partnership where TerraZero will enable Napster, the original music disruptor and longest running independent music streaming service in the world, to offer immersive virtual hangouts to artists on the platform, marking a transformative leap in the way that fans and artists are able to connect on a Music DSP. "Napster has always been the original innovator in the music space so partnering to bring immersive virtual experiences to life that leverage our Intraverse Technology Platform for their millions of users, made complete sense," said Dan Reitzik, CEO of TerraZero Technologies. "Ric Wilson is a fantastic artist to represent our first foray together in delivering online virtual hangouts to music fans on a leading Music DSP and the best part is we're just getting started."
TPG

Hot Stocks

09:09 EST TPG announces $228M strategic growth investment in intelligence firm Sayari - "Sayari, a counterparty and supply chain risk intelligence provider trusted by government agencies, multinational corporations, and financial institutions, and TPG , a global alternative asset management firm, today announced that they have signed a definitive agreement for TPG Growth, the firm's middle market and growth equity platform, to make an up to $228M strategic majority investment in Sayari. Sayari's founders, employees, and existing investors will retain a significant stake in the company. Founded in 2015, the Sayari platform integrates global corporate and supply chain data to surface risk insights for investigations, analytics, and supply chain risk management. Today, Sayari's platform is trusted by users from across global regulators, law enforcement, and national security agencies, as well as over 100 of the world's largest public and private companies. Sayari has seen explosive growth since the release of its platform in 2020 with consecutive rankings by Deloitte and Inc. Magazine as one of the fastest growing technology companies in North America. The partnership with TPG will accelerate Sayari's global expansion in 2024 and support the launch of a new supply chain illumination platform leveraging responsible AI to extract deeper insights from Sayari's industry-leading and authoritative supply chain data.
MTTR

Hot Stocks

09:09 EST Matterport announces high density scanning capabilities for Pro3 - Matterport announced new high density scanning capabilities for Matterport's 3D camera, Pro3. Available now in beta, high density scanning makes as-built modeling with Matterport even easier, helping streamline workflows, minimize errors, and accelerate project timelines. This continues to widen Matterport's lead as the best price for performance solution for outstanding imagery and high fidelity digital twin reconstruction.
FTFT

Hot Stocks

09:08 EST Future FinTech's board establishes committee to investigate SEC allegations - Future Fintech Group announced its Board of Directors held a meeting on January 15, to respond to allegations made to its CEO by the SEC. The Board agreed to establish an independent committee to review and investigate the allegations made by SEC. The Board also imposed restrictions on the CEO to trade in the Company's stock during the pendency of the litigation. In addition, the Board decided to provide training to Company officers, directors and employees as to appropriate trading practices under the insider trading policy of the Company. AOn January 11 the SEC filed a civil lawsuit alleging civil violations of the federal securities laws against Shanchun Huang, the Company's CEO throughout the period at issue in the Complaint, for manipulative trading in the Company's stock shortly before he became its CEO in 2020. The SEC also charged Hung with failing to disclose his beneficial ownership of the Company stock as well as transactions in such stock. Huang, through his attorney, Jacob Frenkel, Chair of the Securities Enforcement and Government Investigations Practice at the law firm, Dickinson Wright, PLLC, has responded to these allegations and has asserted Mr. Huang's innocence.
BELFA

Hot Stocks

09:08 EST Bel Fuse appoints Steve Dawson as president, Power and Protection - Bel Fuse announced a significant leadership change with the appointment of Steve Dawson as the new President of Bel Power Solutions and Protection, effective July 2024. Dawson will succeed Dennis Ackerman, who has played a pivotal role in the company's growth and success the past 37 years. Before joining Bel, Dawson held positions in Manufacturing, Engineering, Product Management and Business Development with Cooper Industries' circuit protection business, a company later acquired by Eaton. After twelve years at Cooper Industries, he joined Power-One, a well-known manufacturer of power supplies. There he was leading the Marketing and Business Development efforts when Power-One was acquired by ABB.
WRAP

Hot Stocks

09:08 EST Wrap Technologies appoints Cohen as CEO - Wrap Technologies announced the appointment of Scot Cohen as its new Chief Executive Officer, CEO. Cohen, a co-founder of the Company, the largest shareholder, and Executive Chairman of the Company, is recognized for his deep commitment to the Company's mission and extensive experience in various industries. Since its founding in 2016, Cohen has been a cornerstone of Wrap, leading all rounds of financing, totaling $90M, and playing a crucial role in shaping the Company's strategic direction. The Company also announces the appointment of Kevin Mullins as President.
LPLA

Hot Stocks

09:06 EST LPL Financial launches financial literacy program based on Buffett - LPL Financial will offer advisors access to a new financial acumen course, the World of Business Reading Group, a financial literacy program inspired by the writings and speeches of Warren Buffett and developed by a team of Harvard Business School alumni. The 6-week program offers advisors a unique way to strengthen relationships in the communities where they live and work by providing them with the curriculum to teach free, interactive, experiential lessons to high school students, as well as children and grandchildren of clients. The curriculum was developed iteratively through teaching more than 50 classes of high school students over the last four years by the WBRG, a pro-bono project of Collaborative Gain, a pioneering community of business leaders from the digital world. It was designed to equip the younger generation with a solid understanding of business concepts and provide a foundation of investment principles.
TORO

Hot Stocks

09:06 EST Toro Corp. announces sale of M/T Wonder Sirius for $33.8M - Toro announces that on January 8, 2024, the Company entered into an agreement with an unaffiliated third-party for the sale of the M/T Wonder Sirius, a 2005-built Aframax/LR2 tanker, for a price of $33.8 million. The vessel is expected to be delivered to its new owner during the first quarter of 2024. The Company expects to record during the first quarter of 2024 a net gain of approximately $20.9 million from the above-mentioned sale, excluding any transaction-related costs.
CART

Hot Stocks

09:06 EST Instacart and MFAN announce partnership - Instacart and Military Family Advisory Network, or MFAN, a national nonprofit dedicated to supporting military and veteran families, announced a new partnership to provide free groceries and delivery to military families following relocation to a new base. Through the initiative at U.S. Army Fort Cavazos, Instacart and MFAN will provide over 100 military families with $100 in monthly Instacart Health Fresh Funds stipends for three months upon relocation to the Army base in central Texas. Families can use the Fresh Funds stipends to purchase nutritious food and other essentials from local retailers including, ALDI and more. The Fresh Funds can also be used to cover the cost of delivery to help busy military families spend more time settling into their new communities and less time traveling to the store. Designed to help ease the transition and resettlement process for military families relocating to Fort Cavazos, the program is part of a broader pilot MFAN recently announced to support military family well being.
GSHD

Hot Stocks

09:06 EST Goosehead Insurance appoints Lakamp as new Chief Service Officer - Goosehead Insurance announced the appointment of David Lakamp as Chief Service Officer. Lakamp brings more than 14 years of extensive insurance and service experience to Goosehead and 11 years of military leadership in the US Navy. Lakamp joins Goosehead Insurance from USAA where he had a proven track record of driving strategy and execution to help accelerate business growth in a wide range of service functions.
AZTR

Hot Stocks

09:05 EST USPTO issues Azitra patent protecting treatment for ichthyosis vulgaris - Azitra announced that the U.S. Patent and Trademark Office USPTO has issued U.S. patent No. 11,850,267 covering future potential pipeline candidates for indications including ichthyosis vulgaris, titled "Methods and compositions for treating skin disease with recombinant microorganisms." Travis Whitfill, Azitra's COO, co-founder, and inventor of the patent stated, "Securing this patent is crucial for expanding our pipeline. Importantly, the indication addressed by this patent, ichthyosis vulgaris IV , a chronic, scaly skin disease with no FDA-approved treatment option and affects approximately 1.3 million people in the United States. This new patent issuance reinforces the value of our platform for precision dermatology and our commitment to patient populations with no FDA-approved treatment options." Azitra is developing live biotherapeutic product candidates intended to treat ichthyosis vulgaris, a disease caused by missing or abnormal filaggrin levels. Azitra is developing a novel topical treatment modality for IV that directly addresses the disease pathophysiology by delivering filaggrin to the skin. The strain consists of a functional unit of the human filaggrin protein with an attached cell penetrating peptide. The goal is to supplement the skin with stable delivery of filaggrin via topical application and deeper skin penetration with a cell penetrating peptide.
ROVR BX

Hot Stocks

09:05 EST Rover Group announces expiration of Hart-Scott-Rodino waiting period - Rover Group announced that the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended expired at 11:59 p.m. Eastern Time on January 12, 2024. The expiration of the waiting period under the HSR Act was one of the conditions to the closing of the pending acquisition of Rover by private equity funds managed by Blackstone contemplated by the Agreement and Plan of Merger, dated as of November 29, 2023, between Rover, Biscuit Parent, LLC and Biscuit Merger Sub. The transactions contemplated by the Merger Agreement remain subject to other customary closing conditions, including the adoption of the Merger Agreement and the approval of the Merger by Rover stockholders.
TBLA

Hot Stocks

09:05 EST Taboola announces new deal with Postmedia - Taboola announced a new deal with Postmedia, one of Canada's largest news media organizations, representing over 130 print and digital brands and reaching more than 17.5 million Canadians each month. This announcement comes after recent news that Taboola now powers native recommendations for Yahoo's premier digital properties in Canada. Under the agreement, Postmedia will utilize Taboola's suite of products to grow its audience, optimize user engagement, and drive revenue. Taboola will be implemented into various Postmedia sites including National Post, Financial Post, Vancouver Sun, and Toronto Sun, among others. "Postmedia is an iconic Canadian name in news, known for its reputable journalism around the world. I'm honored that they have chosen us to help them grow their audiences," said Adam Singolda, Founder and CEO at Taboola. "We're proud to welcome Postmedia as a partner and we're looking forward to seeing how our offerings can provide value to their readers."
JCI

Hot Stocks

09:04 EST Johnson Controls appoints Marc Vandiepenbeeck as CFO - Johnson Controls announced the appointment of Marc Vandiepenbeeck as executive vice president and CFO. Vandiepenbeeck succeeds Olivier Leonetti who will depart Johnson Controls for a role outside of the company. Leonetti's last day will be January 30. Vandiepenbeeck and Leonetti will work closely together to ensure a smooth transition and handover. Vandiepenbeeck joined Johnson Controls nearly 20 years ago and has held roles of increasing responsibility across the company's finance and treasury teams. Prior to his most recent operations role as vice president and president, EMEALA, he was chief financial officer for the Building Solutions North America business.
BP DBD

Hot Stocks

09:04 EST BP, Diebold strengthen partnership - bp (BP) and Diebold Nixdorf (DBD) have recently signed a memorandum of understanding for Diebold Nixdorf to serve as a bp preferred global partner for operational services and retail technology. Both companies agreed to plan a modernization and transformation program that will target advanced operational service efficiency and resilience, by leveraging technology at bp's mobility and convenience sites.
EDBL

Hot Stocks

09:04 EST Edible achieves over 50% y/y increase in preliminary produce sales for holiday - Edible Garden AG announced that the Company experienced a more than 50% year-over-year increase in preliminary Produce sales results for the key holiday time period. Jim Kras, Chief Executive Officer of Edible Garden, commented, "We are extremely proud of Edible Garden's performance this holiday season, marked by an outstanding year-over-year increase in Produce sales of more than 50%. This comes on the heels of a record-breaking Thanksgiving holiday period when the Company experienced a more than 45% year-over-year increase in preliminary sales results. Once again, the Company's high fulfillment rate of 98%, which ranks among the industry's best, was a driving factor in the Company's success. It is rates like these that we believe appeal to our distribution partners as they view Edible Garden as a supplier they can count on."
AAPL

Hot Stocks

09:04 EST Apple announces new entertainment experiences with Apple Vision Pro - Apple announced a series of entertainment experiences that will be available on Apple Vision Pro beginning Friday, February 2. With more pixels than a 4K TV for each eye, combined with an advanced Spatial Audio system, Vision Pro enables users to watch new shows and films from streaming services, transport themselves to landscapes with Environments, and enjoy all-new spatial experiences like Encounter Dinosaurs.
AJG

Hot Stocks

09:03 EST Arthur J. Gallagher acquires MGB Re - Arthur J. Gallagher & Co. announced that its reinsurance division, Gallagher Re, has acquired Toronto, Ontario-based MGB Re. Terms of the transaction were not disclosed. MGB provides reinsurance solutions to health maintenance organizations, or HMOs, managing general underwriters, or MGUs, and insurance companies in the U.S. medical sector. The MGB leadership team of Andrew Barth, Jacqueline Greer and Thomas McGrath will operate under the direction of Jim Fallon, Gallagher Re's Eastern Region Manager in North America and Rob Fast, Life, Accident and Health Segment Leader in North America.
IBEX

Hot Stocks

09:03 EST Ibex appoints Eric Guarro as SVP, digital transformation - ibex announced that Eric Guarro has been named Senior Vice President of Digital Transformation. In his newly appointed role, Guarro will spearhead the strategy and execution of ibex's digital transformation offering, aimed at reshaping customer and brand interactions through the seamless integration of cutting-edge contact center services and AI-enabled technologies. Before joining ibex, he was Group Vice President, Operations at Frontier Communications
SYT BLK

Hot Stocks

09:03 EST Syla Technologies sells four SYFORME brand condiminiums - SYLA Technologies (SYT) announced that SYLA, a wholly owned subsidiary of the Company, sold four buildings from its condominium brand, the SYFORME series, to a private fund managed by BlackRock's (BLK) Real Estate business. In December 2023, SYLA entered into an agreement on business collaboration with a private fund managed by BlackRock's Real Estate business. This condominium sale represents a tangible milestone based on the agreement. Taking this opportunity, SYLA is committed to further strengthening the mutual collaboration, such as providing opportunities for the private fund managed by BlackRock's Real Estate business to invest in SYLA's real estate projects in Japan, particularly centered around its SYFORME condominium brand series.
FTNT

Hot Stocks

09:02 EST Fortinet announces Wi-Fi 7-enabled secure networking solution - Fortinet announced the industry's only comprehensive secure networking solution integrated with Wi-Fi 7. Fortinet's first Wi-Fi 7 access point, FortiAP 441K, delivers increased speed and capacity, and the new FortiSwitch T1024 is purpose-built with 10 Gigabit Ethernet access and 90W Power over Ethernet technology to support Wi-Fi 7 bandwidth requirements. These new devices deliver the cutting-edge wireless performance today's enterprises need and, as a part of the Fortinet Secure Networking solution, seamlessly integrate with AIOps and FortiGuard AI-Powered Security Services for unmatched security, visibility, and control.
DATS

Hot Stocks

09:02 EST DatChat announces planned spin-off of its Habytat platform business - DatChat announced the proposed spin-off of its Habytat platform business into a new standalone public company pursuant to a distribution as further discussed below. This marks a significant step forward in DatChat's corporate strategy to reposition as a pureplay social media ecosystem centered around its My Family Museum assets. DatChat currently owns approximately 75% of SmarterVerse, the entity that owns and operates the Habytat AI Gaming platform and metaverse. Subject to board approval, DatChat will distribute its shares of SmarterVerse to its shareholders. Upon consummation of the distribution, it is expected that SmarterVerse will become a standalone public company with plans for a public listing on a national stock exchange. DatChat CEO, Darin Myman commented, "Today's announcement reflects a pivotal moment in our corporate evolution. The decision to spin off our Habytat business into a new standalone publicly traded company is significant in several ways: first, we can now focus on our core business for My Family Museum, and second, this move aligns with our commitment to unlocking shareholder value and creating substantial growth and revenue opportunities. The potential for My Family Museum is driven by the evolving landscape of digital memories. In an era where our visual stories have multiplied, there's an increasing need for a secure platform. With the successful patent that we acquired last October, we are now uniquely positioned to focus our efforts on the preservation of data, encompassing storage, sharing, and secure control across social media technology platforms and digital archives."
ASO

Hot Stocks

09:01 EST Academy Sports appoints Chad Fox as Chief Customer Officer - Academy Sports and Outdoors announced the appointment of Chad Fox to a newly created role of Executive Vice President and Chief Customer Officer. In this role, Fox will oversee omnichannel, marketing, customer insights, and customer care. Fox joined Academy in January 2024, and reports directly to Steve Lawrence, CEO of the Company. Fox brings nearly 25 years of retail, agency, and consumer packaged goods marketing experience to Academy. Previously, Fox served as Senior Vice President & Chief Marketing Officer at Dollar General, where he led the brand strategy, marketing, media and digital teams and was responsible for strengthening the voice of the customer, generating increased traffic, improving customer engagement, and leading the in-house retail media network. Prior to Dollar General, Mr. Fox was Vice President of Retail Marketing with Walmart, where he guided marketing and media activities across all merchandising categories, seasonal events, and digital products and services. Mr. Fox also held leadership roles at Tyson Foods and The Richards Group. He holds a Bachelor of Science and a Master of Business Administration from Texas Tech University and served in the United States Marine Corps Reserve for eight years.
VZ

Hot Stocks

09:01 EST Verizon Frontline launches innovation program - Verizon Frontline recently launched an innovation program designed to help foster new ideas and develop cutting-edge, 5G-enabled solutions to support first responders on the front lines. The Verizon Frontline Innovation Program aims to explore new technologies while collaborating with first responders and industry partners to identify, test and develop communications solutions in four main public safety focus areas: Preparation, Response, Recovery and Mitigation.
LVRLF

Hot Stocks

08:54 EST CordovaCann provides update on Star Buds retail operations - CordovaCann provided an update on its Star Buds Cannabis Co. retail operations in Canada. Star Buds Cannabis Co. stores had a strong close to 2023. The Company's 11 retail stores continue to increase market share and expand margins due to strong cost controls, optimizing product assortment and continued focus on the customer. The Star Buds Cannabis Co. chain generated revenues of $3.5 million in the last quarter of calendar 2023. The average store in the network grew revenues 10.1% year-over-year in October, 14.4% year-over-year in November, and 14.5% year-over-year in December. The stores in Ontario grew revenues at an even faster pace, with monthly revenues in these stores increasing an average of 17.0% year-over-year in the 3-month period. Furthermore, in December, two stores posted monthly revenue records, and the total store chain produced revenues equal to the previous monthly record, despite there being three fewer stores operating in the chain. Gross margin continues to improve, and the stores posted an aggregate gross margin of 27.0% for the 3-month period ending in December. Strong revenue growth and improving gross margin trends have continued into 2024. Management expects Star Buds Cannabis Co. to continue to benefit from closures of competing stores, industry consolidation, and increased customer awareness. The Company is also working to expand the Star Buds Cannabis Co. platform across Canada through both organic store growth and acquisitions.
PCT

Hot Stocks

08:53 EST PureCycle provides Ironton purification facility production update - PureCycle Technologies announced an update on the status of activities at the company's flagship purification facility located in Ironton, Ohio. PureCycle restarted operations in late December and has since been ramping up operations. PureCycle CEO Dustin Olson said, "We've experienced substantial progress over the past month. We repaired the mechanica seal failure from December, which was caused by a minor component malfunction. Plus, the installation of the automatic screen changer and the other improvements we recently made are proving to be effective and helping us run more continuously." Olson added, "The adsorbent bead debris has largely been flushed from the system and the recent longer periods of operation will allow our team to optimize the process for both cost and process efficiencies." In the last two weeks, PureCycle produced 183,000 pounds of pellets. That is nearly the same amount produced during the fourth quarter of 2023. This includes six different 24-hour periods, where the team produced levels that have increased from 10,000 pounds to 72,000 pounds. All the pellets made since coming back online have been produced from post-consumer recycled material. "We have run a wide variety of feedstock that includes recycled curbside material, woven polypropylene, and agglomerated agricultural twine," Olson said. "We have purposefully run challenging feeds to test our technology, define the boundaries of our technology, and to set us up for long-term feedstock flexibility. Each of these feedstocks have different levels of contaminants and different physical properties. We are seeing those contaminants successfully come out in the process with the increased production of co-product one and co-product two." As the team in Ironton works to continue increasing run rates, a primary focus will be on the co-product recovery system. During the November outage, our team implemented several improvements to simplify the removal of co-product one from the system. Co-product one is a waxy, low-molecular weight polypropylene material that is pulled out of the extraction column. Co-product one removal was originally a challenging operation and a plant limitation, but since the November upgrades, it is operating reliably, consistently and is no longer a constraint to our production.
IPX

Hot Stocks

08:52 EST IperionX to commission 'large scale' industrial furnace in Virginia in 1H24 - "Our focus in 2024 will be on: Launching our Commercial Operations: The commissioning of our large-scale, industrial furnace in Virginia is an important step to demonstrate our leading technologies at commercial scale. We expect to accomplish this important milestone in the first half of 2024. Successfully Commence Production at the 1092 Building: This advanced titanium manufacturing facility is expected to be commissioned in the first half of 2024 and will showcase how we can use our innovative titanium powders to manufacture a wide range of low-cost and high-performance titanium products with powder metallurgy, HSPT forging and 3D printing. Expanding Customer and Government Partnerships: We will continue to build upon our existing partnerships and forge new ones, showcasing our innovative titanium solutions. We aim to continue our success with working closely with the U.S Government to deliver a low-cost, sustainable, U.S.- titanium industry. Advancing the Titan Project: Our efforts will focus on developing strategic partnerships to advance our Titan Critical Minerals project, reinforcing our commitment to a sustainable and integrated U.S. titanium supply chain from minerals to metal products," said the company in a statement.
PBIO

Hot Stocks

08:52 EST Pressure BioSciences announces filling order with partner for Uncle Bud's - Pressure BioSciences announced on January 11, 2024 the execution of a definitive agreement to acquire renowned natural health and wellness leader Uncle Bud's. Today, the Company announced the beginning of summer season order filling with one of the globe's leading retailers and a long-standing partner for Uncle Bud's, with the shipment of a significant $252,000 order for its popular Sunburn Soother. Upon transaction closing, the combined company plans to become a leading provider of topicals and other consumer products containing oil-based active ingredients. The Company plans to leverage PBIO's patented UltraShear technology platform for nanoemulsification processing to improve many of these products, delivering unparalleled speed of action and effective payload bioavailability, in "green label" preservative-free products with unprecedented long-term stability. Ric Schumacher, President and CEO of PBIO, added: "As mentioned in the January 11th press release, we believe the integration of Uncle Bud's into PBIO will be immediately accretive and a major accelerator to revenue growth, as evidenced by this $252,000 shipment only days after executing the APA. We expect dramatic growth in orders from our newly-formed Consumer Products Business Unit in the coming weeks and months, some far larger than the one just announced, concomitant with an equally impressive growth in orders from the core PBIO product line, specifically from UltraShear."
AREC

Hot Stocks

08:52 EST American Resources' ReElement engages law firm Alexander & Partner - American Resources' ReElement Technologies has engaged law firm Alexander & Partner Rechtsanwalte mbB for the formation of ReElement Technologies Ghana under Ghanaian law along with future work in other key ex-US markets under development by ReElement Technologies. Alexander & Partner's initial work is focused on the formation of the ReElement Ghana subsidiary and advising the Company on local regulations and local laws. The parties are also in the initial phase of development in Germany, Senegal and Nigeria as ReElement continues its expansion of local training and full scale critical mineral refining facilities. The development work will focus on subsidiary establishment, local law and regulation advisement as well as setting up local incentive packages for its local workforce and local teams.
SASI

Hot Stocks

08:51 EST Sigma Additive Solutions completes asset sale to Divergent Technologies - Sigma Additive Solutions has closed the sale of intellectual property assets related to its additive quality assurance product to Divergent Technologies, Inc. in conjunction with its recent acquisition of NextTrip Holdings. On October 6, 2023, Sigma entered into an Asset Purchase Agreement with Divergent Technologies to sell certain Sigma assets, consisting primarily of patents, software code and other intellectual property, to Divergent Technologies for a purchase price of $1.6 million with the closing expected subsequent to the acquisition of NextTrip. The acquisition, which was first announced in October 2023, closed on December 29, 2023, at which time NextTrip became a wholly owned subsidiary of the Company. The combination of the acquisition and sale of assets was targeted to maximize shareholder value, using the proceeds to eliminate legacy debt and contingent liabilities associated with the wind-down of Sigma's historical business. This leaves the Company with no debt other than zero interest loans from the Company's current Chairman and CEO, thus giving the Company a clean path moving forward.
PUYI

Hot Stocks

08:50 EST Puyi announces investment from New Dragon - Puyi announced that Puyi and certain shareholders have reached share purchase agreements with New Dragon Group Limited, an investment management company based in Hong Kong, on January 12, 2024. Pursuant to the agreements, New Dragon will invest approximately US$13 million to subscribe for 4,224,000 ordinary shares of Puyi at an average price of approximately US$3.13 per ordinary share, or US$4.7 per ADS, equivalent to the average closing price over the 20 trading days prior to the signing date. Of the total Subscribed Shares, 2,004,000 ordinary shares will be newly issued by Puyi, and the remaining 2,220,000 ordinary shares will be existing shares from certain shareholders who are not directors or officers of the Company. Upon the completion of the Transaction, New Dragon will hold approximately 1.1% of Puyi's enlarged outstanding ordinary shares. Commenting on the Transaction, Yong Ren, chairman of the board and Chief Executive Officer of Puyi, said, "The investment from New Dragon underscores its acknowledgment of our new acquisition-driven growth strategy. Its commitment to increasing investment in Puyi as required further demonstrates its unwavering confidence in the long-term prospects for our sustained growth."
JPM

Hot Stocks

08:50 EST JPMorgan to pay $18M for violating whistleblower protection rule - The Securities and Exchange Commission announced settled charges against J.P. Morgan Securities LLC for impeding hundreds of advisory clients and brokerage customers from reporting potential securities law violations to the SEC. JPMS agreed to pay an $18M civil penalty to settle the charges. According to the SEC's order, from March 2020 through July 2023, JPMS regularly asked retail clients to sign confidential release agreements if they had been issued a credit or settlement from the firm of more than $1,000. The agreements required the clients to keep confidential the settlement, all underlying facts relating to the settlement, and all information relating to the account at issue. In addition, even though the agreements permitted clients to respond to SEC inquiries, they did not permit clients to voluntarily contact the SEC.
MIGI

Hot Stocks

08:50 EST Mawson Infrastructure announces December operational update - Mawson Infrastructure Group announced its unaudited business and operational update for December 2023, reporting: Total monthly revenue about $5.97 million or about equivalent of 140 BTC; 34% M/M growth in co-location business revenue, increased to $2.66 million; 27% M/M growth in self-mining business revenue, increased to $2.92 million; Completed second customer co-location services deployment for ~6MW and 1,764 miners; 24% M/M growth in total overall revenue; Energy Management revenue was about $0.40 million; Total Power Capacity was approximately 109 MW with capacity for approximately 35,650 miners. Rahul Mewawalla, CEO and President, commented, "We are extremely pleased to deliver another robust month of significant revenue growth with 34% month-on-month revenue growth in our co-location business and 27% month-on-month revenue growth in our self-mining business. I am tremendously proud of our organization, our continued focus on operational excellence, our technological advancements, and our accelerated completion of the deployment of our two new co-location customers at our facilities."
MYNA

Hot Stocks

08:50 EST Mynaric selected for Phase 2 of DARPA Space-BACN program - Mynaric has been selected as a key development partner of Phase 2 of the Space-based adaptive communications node program of the Defense Advanced Research Projects Agency. DARPA's Space-BACN program envisions a low-cost, scalable optical communications terminal that could be reconfigured to work with various optical intersatellite link standards allowing seamless communication among government and commercial LEO satellite constellations.
LQR

Hot Stocks

08:49 EST LQR House increases share buyback program to $5M - LQR House announced a substantial increase of its ongoing share buyback program to $5 million. In a meeting held via Google Meets on Friday, January 12, 2024 at 2:30 pm EST, LQR House Board of Directors reviewed the proposed $1.00 special dividend. With a cash position of $7.5 million, the Board engaged in a comprehensive discussion on optimizing fund utilization to ensure sustained growth-oriented operations. Directors underscored the potential risks associated with early special dividend issuance, emphasizing the importance of strategic fund allocation and signaling a commitment to preserving shareholder value. Following a thorough analysis of current market conditions, the Board decided to augment the Company's share buyback program from the initial $2 million to $5 million. The consensus among the Directors was that reinforcing the buyback initiative would be more favorably received and add greater value to the Company's current standing. This decision reflects the Board's commitment to adapting strategies in response to market dynamics.
MLSS

Hot Stocks

08:48 EST Milestone Scientific CEO provides letter to shareholders - Milestone Scientific provided the following letter to shareholders from the Company's CEO, Arjan Haverhals, including updates regarding commercialization of the CompuFlo technology and initial reimbursements of CompuFlo by commercial payors and Medicare: "While we recognize commercializing a new medical device takes time, we believe we are gaining positive traction and have developed a truly transformative technology that has the potential to become the standard of care, given the patient safety and economic benefits of the CompuFlo Epidural System. As with any new medical technology, we have had to navigate a number of significant hurdles to position the technology for market adoption. These include the successful completion of clinical studies, FDA regulatory market clearance, and the AMA assignment of a new CompuFlo procedure CPT code for use by providers and payors. I am proud to report we are making steady progress in advancing commercialization of the CompuFlo technology... Several advisory sites were established across the US that implemented the CompuFlo technology in their practice. These providers deemed the CompuFlo technology clinically appropriate and medically necessary for many of their patients by including the use of CompuFlo in their epidural steroid injection procedures. The medical decision by physicians to use CompuFlo demonstrates the clinical utility and benefit of the technology in patient care... More importantly, advisory physicians reported 100% success rate for each of their patients using CompuFlo, with zero dural punctures. This is particularly noteworthy, as 50% of these procedures were conducted in the thoracic and thoracic cervical junction of the spine, confirming the importance of the new indication... Given that we started our reimbursement project execution in the beginning of the second quarter of 2023, and being respectful of the time that is required for going through this process, which can take up to 6-9 months, we are now able to share the data provided from the preliminary analysis.. Overall, I could not be more pleased with the commercialization progress we have made, including the positive clinical feedback we have received from the physicians and medical institutions... In summary, I would like to extend my sincere gratitude to all of our shareholders that have stood by as we pushed through these monumental hurdles. We have not reached the end of the road yet, but the achievement of our vision is in sight. Moving into 2024, Milestone is focused on increasing the number of CompuFlo providers in the US to further advance clinical utilization of the CompuFlo technology. In addition, we remain committed to accelerating patient access to this technology through ongoing education and engagement with payors to attain consistent coverage and reimbursement for this clinically valuable procedure. We look forward to a number of exciting developments in the months and years ahead and plan to keep investors fully apprised of our progress."
CNSWF

Hot Stocks

08:47 EST Constellation Software's Volaris appoints Mark Miller as executive chairman - The Volaris operating group of Constellation Software announced several changes to the Volaris executive team: Mark Miller will take on the newly created role of Executive Chairman and will continue to oversee the Volaris Operating Group on behalf of Constellation Software. He will continue as a Director and Chief Operating Officer of Constellation, and he will remain Chairman of Lumine Group. Additionally, Modaxo, Volaris Group's people transport division, will continue to report to Mark. As Executive Chairman of Volaris Mark will continue to drive overall strategy, provide oversight on complex M&A transactions, and support development of senior business leaders. Michael Dufton is appointed as Volaris Group CEO. Mike was previously the Managing Director of the Dufton Portfolio inside Volaris Group and will continue as CEO of Vencora.
MS

Hot Stocks

08:47 EST Morgan Stanley says capital position is strong, remains 'committed' to dividend - Says continuation of dividend is "paramount." Says base case for coming year is "constructive." Comments taken from Q4 earnings conference call.
CJET

Hot Stocks

08:46 EST Chijet Motor signs strategic agreement to improve automotive cybersecurity - Chijet Motor Company announced a strategic cooperation framework agreement with Changsha Automobile Innovation Research Institute and Zhiche Xinan Information Security Technology, aimed at significantly bolstering automotive cybersecurity capabilities. The agreement, signed on November 27, 2023, with Changsha Automobile Innovation Research Institute, a premier research and development institution, affiliated with the College of Automotive Engineering at Jilin University, and Zhiche Xinan Information Security Technology Co, an automotive cybersecurity solutions provider, will allow the three parties to collaborate on developing a spectrum of services including data security, system certification, compliance services, security testing, compliance testing empowerment, Threat Analysis and Risk Assessment, integrated Intrusion Detection and Prevention Systems and Vehicle Security Operations Centers. Commenting on the agreement, Chijet's chief executive officer and founder Hongwei Mu said, "With the formalization of this agreement with Changsha Automobile Innovation Research Institute and Zhiche Xinan Information Security Technology Co. Ltd., we aim to achieve technological strides in the realm of intelligent vehicle cybersecurity and providing users with an assuredly secure and delightful driving and ride experience in this era of intelligence."
HEI HON

Hot Stocks

08:46 EST Heico's Sunshine Avionics acquires assets from Honeywell, terms not disclosed - HEICO Corporation (HEI) announced its Sunshine Avionics subsidiary entered into an exclusive license and acquired key assets from Honeywell International (HON) that will provide the capability to support the Boeing 737NG/777 Cockpit Displays and Legacy Displays product lines. The transaction was structured as an exclusive perpetual license and asset purchase. Sunshine Avionics is part of HEICO's Flight Support Group. Transaction terms and financial details were not disclosed. HEICO stated that it expects the exclusive license and asset acquisition to be accretive to its earnings in the year following closing. Honeywell has been one of the commercial aviation industry's leading cockpit display providers. Honeywell's latest Display Unit Phase 3 upgrade for the Boeing 737NG/777 is equipped with the latest glass and LED backlight technology to provide a clear picture of critical airplane systems, allowing pilots to safely navigate their passengers to millions of destinations a year. The DU Phase 3 upgrade addresses obsolescence and avoids failures on older discontinued Phase 1 or 2 displays, while also providing lighter weight, higher reliability, and lower operating costs. This exclusive transaction will provide Sunshine Avionics with the capability to produce, sell, and repair Boeing 737NG/777 Cockpit Displays as well as other Legacy Displays for Boeing 717, ATR, and select business and general aviation aircraft. Following a transition period, Sunshine Avionics, from its recently expanded Miramar, FL facility, will be responsible for the activities formerly performed by Honeywell.
SOS

Hot Stocks

08:46 EST SOS launches additional 1,500 super-computing mining rigs - SOS announced the launch of an additional 1,500 super-computing mining rigs in its Fort Stockton Texas Super-Computing Center. SOS entered into a hosting contract with Grand Flourish Inc, a company in California, on December 8, 2023 for hosting the 1,500 super-computing servers. This launch represents another step in SOS' North American growth strategy. SOS has been steadily implementing its mining and hosting business in North America over the past two years. Texas Super-Computing Center has completed the construction for producing 42MW of power. Its capacity can be further increased to 200MW and can be able to accommodate 200 mobile smart containers and 60,000 super-computing servers in the future. Currently, our Texas Super-Computing Center is operating 8,483 super-computing servers.
FCNCA

Hot Stocks

08:44 EST First Citizens appoints Gregory Smith as Chief Information & Operations Officer - First Citizens BancShares announced that Gregory L. Smith has joined the company as an executive officer and Chief Information & Operations Officer for BancShares and its subsidiary, First-Citizens Bank & Trust Company. In this newly created position on the bank's executive leadership team, Smith will be responsible for the strategic enablement of technology, operations, cyber and data functions across the enterprise. He will report to Chairman and CEO Frank B. Holding, Jr. Smith joins First Citizens from TD Bank Financial Group in Toronto, Canada, where he worked from 2019 to 2023. Most recently, he served as head of Transformation and Corporate Operations. In this leadership role, he set the vision and built key capabilities to drive end-to-end transformational change. He also was responsible for managing corporate projects and technology platforms. Prior to that role, Smith served as head of North American Contact Centers & ATM Channels and as head of North American Customer Operations for TD Bank Financial Group.
ELAB INMB

Hot Stocks

08:43 EST Elevai Labs signs worldwide license agreement with INmune Bio - Elevai Labs (ELAB) announce it has signed an exclusive, worldwide manufacturing and processing technology licensing agreement with INmune Bio (INMB). The licensing agreement grants Elevai a license to use INmune Bio's proprietary "EMx" technology, developed by INmune Bio, Inc., CMO, Mark Lowdell, PhD, that enables Elevai to manufacture current Good Manufacturing Practice grade, human umbilical cord-derived mesenchymal stromal cells (hucMSCs) at a lower cost to Elevai than purchasing hucMSCs outright. Manufactured hucMSCs can be incorporated into certain licensed topical cosmetic products sold in the medical aesthetics skincare market. Elevai believes incorporating the "EMx" technology into its operations is a step towards the company's goal of achieving vertical manufacturing integration, while also expanding long-term production capabilities and lowering overall costs. In response to the license agreement, Jordan Plews, PhD, CEO of Elevai Labs, Inc. stated: "partnering with INmune Bio, Inc. aligns perfectly with our mission to pioneer innovative stem cell exosome products. Their understanding of efficient human stem cell isolation and large-scale manufacturing provides us with a remarkable opportunity to expand our manufacturing capabilities, expand our product portfolio, and make a significant impact in the market."
ASNS

Hot Stocks

08:42 EST Actelis announces U.S. DoD JITC labs approval of its networking solutions - Actelis Networks announced that its cyber-hardened, hybrid-fiber networking solutions have been placed on the Department of Defense, DoD, Information Network Approved Products List following certification from the Joint Interoperability Test Command, JITC. The Actelis solution is the only technology of its kind found on the APL, giving the military a cost-effective way to rapidly implement and connect IoT devices and applications at fiber-grade, utilizing any existing wires, fiber or coax, in just hours compared to weeks or months. "We continue to prove that our solution works very well for the federal government," said Tuvia Barlev, Chairman and CEO of Actelis. "We look forward to utilizing our placement on the APL to help military bases accelerate the completion of their base modernization and IoT applications through the deployment of Actelis' secure networking technology."
QEPC

Hot Stocks

08:41 EST Q.E.P. Company board declares special dividend of $1.00 per share - On January 9, 2024, the Board of Directors of the Company declared a special dividend of $1.00 per share or approximately $3.3 million. The dividend will be payable on February 16, 2024 to stockholders of record as of the close of business on January 22, 2024.
LMFA

Hot Stocks

08:39 EST LM Funding to purchase 300 Bitmain S21 Antminer machines for $1.1M - LM Funding America announced that it has entered into an agreement to purchase 300 Bitmain S21 Antminer machines for approximately $1.1 million. The S21 is a high efficiency, high hash rate machine mining SHA-256 algorithm manufactured by Bitmain that generates a hash rate of 200 TH/s with a power consumption of 3,500 W. The delivery of the machines is expected during the second quarter of 2024, and once operational, will bring the Company's mining capacity to 674 PH. Bruce Rodgers, Chairman and CEO of LM Funding, commented, "We remain committed to investing our resources, including the proceeds of our Bitcoin mining operations, into the most efficient Bitcoin mining equipment available. Our S21s will be leading producers through this year's halving event, and we believe this model will continue to be revenue-producing through the subsequent halving event expected to occur in 2028."
HTCR TOSYY

Hot Stocks

08:37 EST HeartCore Enterprises signs with Toshiba Elevator and Building Systems - HeartCore Enterprises (HTCR) has signed a deal to implement its Contents Management System platform to Toshiba Elevator Designers' membership website operated by Toshiba Elevator and Building Systems Corporation (TOSYY). "HeartCore's enterprise CMS platform continues to gain substantial traction and garner interest across a variety of different industries both in Japan and the U.S.," said HeartCore CEO Sumitaka Kanno Yamamoto. "This partnership with Toshiba Elevator in collaboration with Toshiba Digital Engineering Corporation serves as a testament to our capabilities and expertise in crafting an enriched digital content management experience for our valued customers which significantly improves the user experience. As we continue to observe the ever-evolving digital landscape, our innovative digital platforms position us favorably to seize notable opportunities and assert our leadership as the preferred one-stop shop in this dynamic field."
MIRM

Hot Stocks

08:35 EST Mirum Pharmaceuticals appoints Joanne Quan CMO, Peter Radovich COO - Mirum Pharmaceuticals announced the appointment of Joanne Quan as chief medical officer, or CMO. Quan will lead the global clinical development, clinical operations, and safety programs for Mirum's pipeline of programs addressing rare diseases. Quan was most recently Chief Medical Officer at Nuvig Therapeutics. In tandem with Quan's appointment, Mirum announced the promotion of Peter Radovich to president and COO. Radovich oversees commercial, corporate development and supply chain functions for Mirum.
PGY

Hot Stocks

08:35 EST Pagaya announces strategic actions to enhance marketability of its stock - Pagaya Technologies announced several initiatives to enhance the marketability of its stock and provide increased disclosure and transparency of its business and performance, including its intent to elect to voluntarily file on U.S. domestic issuer forms with the Securities and Exchange Commission SEC beginning with its first quarter 2024 results, as well as relocate its corporate headquarters to New York City. In addition, the Company's Board of Directors approved a proposal, to be submitted to shareholders for approval at a special meeting, to authorize the Board to effect a reverse split of its ordinary shares, at a proposed range between 1-for-10 and 1-for-15. The Reverse Split is expected to be effected in the first quarter of 2024, with the final ratio to be determined by the Board after shareholder approval. The Company also today announced expectations for certain preliminary, unaudited financial results for the year ended December 31, with its final fourth quarter and full-year 2023 results expected to be announced on February 21.
NTWK

Hot Stocks

08:34 EST NetSol Technologies appoints Hurwitz as Sales Director of Europe - NETSOL Technologies announced the appointment of Jason Hurwitz as Sales Director of Europe. In this pivotal role, he will be responsible for driving the sales strategy and fostering growth across NETSOL's innovative portfolio of products and services for the European region. Most recently, Hurwitz worked with Aldermore Bank for nearly six years, where he was the product lead for a large group wide transformation program.
MS

Hot Stocks

08:34 EST Morgan Stanley affirms confidence in long-term value proposition - Announces goals: ROTCE 20%+; Efficiency ratio less than 70%; WM pre-tax margin 30%+; WM net new assets $1T every ~3 years. Sets longer term goal of $10T in client assets. Comments taken from investor presentation slides.
NTWK

Hot Stocks

08:34 EST NetSol Technologies appoints Jason Hurwitz as sales director, Europe - NETSOL Technologies announced the appointment of Jason Hurwitz as Sales Director of Europe. In this pivotal role, he will be responsible for driving the sales strategy and fostering growth across NETSOL's innovative portfolio of products and services for the European region. Hurwitz worked with Aldermore Bank for nearly six years, where he was the product lead for a large group wide transformation program.
DTST

Hot Stocks

08:34 EST Data Storage announces merger of subsidiaries, Flagship Solutions, CloudFirst - Data Storage Corporation announced that it has merged its two subsidiaries, Flagship Solutions Group and CloudFirst. Thomas Kempster, Chief Executive Officer of Flagship, commented, "We are excited to announce the merger of our two business units. This strategic move brings together complementary strengths and expertise, which should enable us to continue to streamline operations, grow our technical teams, achieve further economies of scale, and enhance resource allocation internally. We are confident in our ability to leverage the vast cross-selling and upselling opportunities across our respective customer bases and continue delivering exceptional value to our customers. We look forward to the journey ahead and the growth of our united company."
CLBT

Hot Stocks

08:33 EST Cellebrite announces Case-to-Closure platform - Cellebrite DI announced Case-to-Closure , an expanded end-to-end platform for examiners and investigators to solve cases faster and more defensibly to accelerate justice around the world. "Cellebrite C2C is our mission in action. This platform provides law enforcement with a new industry standard for excellence in examination and investigation and will equip professionals with a broader range of capabilities to clear backlogged cases like never before," said Lisa Cole, Chief Marketing Officer at Cellebrite. "This platform will enable both public and private sector customers around the globe to accelerate their investigations, protect and save more lives across global communities. Building on our rich history for game-changing innovation, we are proud to be both the first, and the most tried and tested technology leaders in the Digital Investigation space."
SIDU

Hot Stocks

08:33 EST Sidus Space secures agreement with Aspina for LizzieSat mission - Sidus Space announced it has secured an agreement with Aspina, a Japanese technology company, for technology hosting onboard the company's upcoming LizzieSat mission, currently scheduled for launch with SpaceX in the second quarter of 2025. As per the agreement's terms, Sidus will host a payload mission in collaboration with Aspina to demonstrate their reaction wheel in orbit. Reaction wheels are crucial for controlling the attitude of small satellite constellations without the need for rockets or external torque applications, making them a cost-effective solution for micro and small satellites. Aspina is currently scaling up the production of reaction wheels to meet the growing demands of the small satellite sector.
DBGI

Hot Stocks

08:33 EST Digital Brands signs LoI to open first retail store in March - Digital Brands Group announces that is has signed a Letter of Intent, or LoI, to open its first retail store in March. The Company forecasts the store to generate over $1.5M in annual revenue and over $500,000 in annual cash flow based on the historical metrics and performance of this store, and excess Sundry inventory prior to the acquisition. DBG will use this store to clear excess inventory at a meaningfully higher margin than selling into the off-price channel. Importantly, DBG received a significant amount of excess inventory with its Sundry acquisition. Therefore, there will be no additional costs to make these excess units, as they have already been paid for and are at our warehouse. Given this, we expect this store to generate significant annual cash flow of over $500,000 a year.
NNOX

Hot Stocks

08:32 EST Nano-X Imaging reports death of founder Ran Poliakine - NANO-X IMAGING announced that the Company's founder and non-executive chairman, Ran Poliakine, passed away on Friday, Jan. 12, 2024, due to a medical condition. Mr. Poliakine was a serial entrepreneur who over the course of his 35-year career founded more than 20 companies, and gave rise to over 70 patents in his various fields of interest, including healthcare, social impact technology, the environment and industry. After founding Nanox and leading the effort to take the Company public in 2020, he moved to a non-executive role in 2021, handing leadership of Nanox to the current management team. The Nanox Board of Directors will be meeting in the coming days to initiate the process of appointing a new Board Chair.
SD

Hot Stocks

08:32 EST SandRidge declares one-time $1.50 dividend and announces dividend increase - SandRidge Energy announced that its Board of Directors has declared a one-time dividend of $1.50 per share, for a total payout of approximately $55M, and planned an on-going quarterly dividend increase to 11 per share, increased from the current 10c per share starting with the next quarterly payout. The one-time $1.50 per share dividend will be payable on February 20 to shareholders of record on February 5. The Board also announced that it currently plans to increase its on-going quarterly dividend to 11c per share starting with the next quarterly payout, estimated to be first paid in March, continuing every quarter thereafter until noticed.
OXY

Hot Stocks

08:31 EST 1PointFive, Trafigura announce Direct Air Capture facility - 1PointFive, subsidiary of Occidental Petroleum, and Trafigura announced that Trafigura has agreed to purchase carbon dioxide removal credits to be produced from 1PointFive's first industrial-scale Direct Air Capture facility, STRATOS, which is currently under construction in Texas. This is Trafigura's first transaction towards meeting its commitment as a Founding Member of the First Movers Coalition to purchase at least 50,000 tons of durable and scalable net carbon dioxide removal credits generated through advanced CDR technologies by 2030. "Our work with Trafigura is rooted in a shared commitment to the climate and an understanding of the critical role that durable carbon removal, specifically Direct Air Capture, plays in helping organizations address their carbon footprint," said Michael Avery, President and General Manager of 1PointFive. "We are excited about this agreement because it establishes our collaboration with a global commodities firm focused on reducing emissions across the value chain."
CLSH

Hot Stocks

08:29 EST CLS Holdings repays $3.9M in principal debenture obligations - This Debt Retirement eliminates a total of $4,340,101 in Principal and Interest Repayment Obligations of the Company. This debt reduction was achieved through the repurchase of $3,875,094 in Principal Amount of 8% Debentures at a discount amounting to 60% of Principal, with interest forgiven in the amount of $465,007. The Retirement of the Debentures also resulted in the cancellation of 5,076,371 in warrant rights otherwise available under those Debentures. In conjunction with this significant debt reduction and previous debt cancellation the total debt obligations have been reduced in the past 16 months from $23.5 million to approximately $7.2 million. CLSH also restructured its remaining debt obligations totaling approximately $7.2 million, by extending terms of repayment on all of the debt, and with respect to $3,639,343, of that total, extending repayment of the debt to January of 2028, with monthly payments made in the interim. The retirement of the debt was financed through the issuance of a total of 64,132,135 RESTRICTED shares of CLSH common stock at per share prices of 0.0333 and 0.0345.
BOF

Hot Stocks

08:27 EST BranchOut expands partnership with nation's largest Club Warehouse Retailer - BranchOut Food is expanding its partnership with the nation's largest Club Warehouse Retailer, adding its popular Pineapple Chips to the Bay Area region, following previous success in the Southern California region. The placement comes on the heels of strategic expansion during Q4 2023, in line with BranchOut Food's plans to substantially grow market share nationwide. "Our branded and private label strategy continues to pay dividends, and our first week of sales in the Bay Area Clubs have exceeded expectations," said Chief Executive Officer of BranchOut Food, Eric Healy. "This collaboration further establishes success in the Club retail channel and we look forward to a year of increased revenue and consistent growth."
PRSO

Hot Stocks

08:27 EST Peraso launches platform for dense urban mmWave fixed wireless access - Peraso announced commercial availability of its dense urban network environment platform for Fixed Wireless Access. DUNE addresses the network access problems experienced in sprawling urban neighborhoods where conventional connectivity solutions are too costly, physically impractical, or saturated. Peraso expects to leverage the DUNE platform to expand its market opportunity and increase sales of its Perspectus family of mmWave modules for FWA. Since the introduction of 60 GHz mmWave in the FWA market, it has found acceptance in sub-urban and rural applications where its ability to provide multi-gigabit connectivity at ranges up to 8km has proven advantages over cable, fiber and other FWA solutions. With the introduction of DUNE, Peraso is expanding the capabilities of its Perspectus 60 GHz mmWave hardware and the IEEE 802.11ad based platform to address high population density environments.
CMGR

Hot Stocks

08:26 EST Clubhouse Media announces Candace Janine joins HoneyDrip.com - Clubhouse Media Group announced that model and social media influencer, Candace Janine, has joined HoneyDrip.com. Janine has a large following, boasting nearly 75K+ followers on Instagram alone. Honeydrip.com is a digital platform designed and wholly owned by CMGR with a focus on the empowerment of creators. The site allows creators to connect and engage with fans and monetize exclusive content.
PTHR HOVR

Hot Stocks

08:26 EST Horizon Aircraft completes business combination with Pono Capital - Robinson Aircraft, doing business as Horizon Aircraft, and Pono Capital Three (PTHR) announced the completion of the previously announced business combination. Beginning Tuesday, January 16, 2024, the combined company will operate as New Horizon Aircraft and the common shares and warrants will trade on the Nasdaq Stock Exchange under the ticker symbols "HOVR" and "HOVRW", respectively. Brandon Robinson, Founder, Chief Executive Officer and Chairman of the Board of Horizon Aircraft, and the current management team including Jason O'Neill, Chief Operating Officer, Brian Robinson, Chief Engineer, and Brian Merker, Chief Financial Officer, will continue to lead Horizon Aircraft. Davin Kazama, CEO of Pono, added, "The Pono team is excited to have successfully completed this business combination with Horizon Aircraft. We are eager to see Brandon and the Horizon Aircraft team successfully execute their long-term operational and strategic objectives, building value for shareholders and stakeholders alike as they continue to develop a differentiated aircraft that will become dominant in the advanced air mobility space."
LFVN

Hot Stocks

08:26 EST LifeVantage holds annual Global Kickoff - LifeVantage held its annual Global Kickoff on Saturday, January 13, 2024. This worldwide event featured the announcement of the Company's "Rise ERA" theme, the unveiling of the launch date for the next phase of LV360, new sales incentives, and the launch of new Consultant tools. Consultants registered hundreds of watch parties across the globe where attendees received in-person training from their hosts and leaders, in addition to the global announcements. "The launch of LV360 in 2023 helped to catalyze the foundational elements of our strategic transformation, laying the groundwork for long-term success," said LifeVantage President and CEO Steve Fife. "This year is our year to 'Rise' from that foundation by focusing on the three fundamental keys to Consultant success: Enrolling, Retaining, and (Rank) Advancing. It's our 'Rise ERA' - this calendar year will be the year we complete our international LV360 rollout and drive growth by simplifying everything to deliver on these three behaviors." In his keynote speech, Fife invited Consultants to rise by imagining the possibilities ahead. He encouraged them to shed everything that isn't serving them and focus on the basics of enrolling, retaining, and advancing, to help them reach the next step and achieve their goals. Among the highlights demonstrating early commitment to delivering on the ERA focus was the introduction of the new Rise ERA Incentive, designed to recognize achievements in enrolling, retaining, and advancing. This Consultant incentive offers enticing lifestyle and business prizes, including shareable items like luggage and travel vouchers. Incentive prizes shift quarterly and increase in value as different 'tracks' are achieved, encouraging continued goal setting and incremental behaviors. Cape Town, South Africa, including an African safari, was revealed as the first-ever Executive Destination Trip under the new Evolve Compensation Plan. Qualification criteria for this once in a lifetime trip is based on ERA behaviors and achievements through September 2024 with travel scheduled for February 2025. Evolve and other key LV360 transformation initiatives are poised to launch in Mexico, Canada, and Europe on February 1, 2024, building on the success of the Company's contemporary compensation plan and customer loyalty program initially introduced in the U.S, Japan, Australia, and New Zealand in March 2023. Among new Consultant Tools launched at Global Kickoff, the new Evolve Possibilities Pathway puts an emphasis on four key Consultant ranks within the Evolve Compensation Plan, that unlock substantial rewards along the Consultant Path. A new video explaining the benefits of the company's Activation messaging was also unveiled.
MCHP

Hot Stocks

08:24 EST Microchip announces Lan969x Ethernet switches - To provide designers with a reliable and robust network solution with deterministic communication, Microchip Technology announces its next-generation of LAN969x Ethernet switches with Time Sensitive Networking, scalable bandwidths from 46 Gbps to 102 Gbps and a powerful 1 GHz single-core Arm Cortex-A53 CPU. For applications that require greater redundancy, the LAN969x Ethernet switches can be configured with High-availability Seamless Redundancy and Parallel Redundancy Protocol. HSR and PRP are hardware protocols that provide zero-loss redundancy in Ethernet networks. The LAN969x Ethernet switches support multiple HSR and PRP Redundancy Box instances that can operate in parallel and in series, as well as at Ethernet port speeds from 10 Mbps to 10 Gbps.
CACI

Hot Stocks

08:24 EST CACI awarded global enterprise network modernization task order, no terms - CACI International I announced that it has been awarded an eight-year, single-award task order to provide technology to the Defense Intelligence Agency's DIA office of the Chief Information Officer CIO . The Enterprise Communications Services task order was awarded under DIA's Solutions for the Information Technology Enterprise III , a multiple-award, indefinite delivery, indefinite quantity contract vehicle. "CACI is at the forefront of delivering next-generation network modernization technology to government. Our differentiated capabilities and extensive past performance ensure that we can successfully modernize, secure, and enhance DIA's networks to better serve their critical intelligence missions around the world, " said John Mengucci, CACI President and Chief Executive Officer. "Our immense enterprise IT capabilities and boundless ability enable us to optimize infrastructure performance and enhance user experiences, while maintaining flexibility to respond to ever-changing intelligence needs. We look forward to ushering in an era of
UAVS

Hot Stocks

08:24 EST Ageagle Aerial Systems appoints Begley as interim CEO - AgEagle Aerial Systems announced the appointment of Company Chairman Grant Begley to Interim Chief Executive Officer position, effective January 1, 2024. Grant has served as a member of the Board since June 2016 and was elected Chairman in October 2023.
WKSP

Hot Stocks

08:23 EST Worksport purchased inventory parts for Alpha Release of COR PESS - Worksport announces that it has purchased the necessary inventory parts for the highly anticipated Alpha Release of its innovative COR Portable Energy Storage System, PESS. This purchase includes all critical components, such as power switches and microcontrollers, the main semiconductors essential for the functionality of Worksport's proprietary systems. The Company's inventory purchase underscores its confidence in the forthcoming test results and its commitment to a swift market introduction. "Securing these components not only highlights our proactive approach to supply chain management but also positions us a step ahead as we prepare for the exciting Alpha Release," said Worksport CEO Steven Rossi.
BIOR

Hot Stocks

08:23 EST Biora Therapeutics announces 2023 anticipated milestones - "In 2023, we completed the transformation of the company, focusing on strong execution which laid the foundation for significant value inflection in the coming months," said Adi Mohanty, CEO. "We begin 2024 in the clinic with our phase 1 study for BT-600, which will be a major de-risking step in the development of our NaviCap platform. We already have data on the device alone in humans, and tofacitinib is already used to treat UC. In this study, we combine the two. Based on our previous work, we know that increased colon tissue concentration correlates with endoscopic healing in UC patients, and we observed the NaviCap platform achieve increased colon tissue concentration in animals. This clinical study should provide critical data to help prove our treatment hypothesis, setting the stage for a possible new treatment paradigm for the treatment of GI-related diseases. The BioJet platform continues to exceed its performance targets and shows outstanding promise to solve the challenges of oral delivery of large molecules-the holy grail of drug delivery. We are seeing increased interest in the platform as we generate additional performance data with multiple molecules from collaborators, including AstraZeneca and other large pharma companies, and we expect to progress these relationships toward broad partnership structures later this year, which could provide non-dilutive funding for further development," said Mr. Mohanty. 2024 Anticipated Milestones: NaviCap Targeted Oral Delivery Platform and BT-600 program in ulcerative colitis: Phase 1 SAD/MAD study data for BT-600 in healthy volunteers. Initial data from the SAD arm expected in 2-3 months, followed by MAD results including tissue data. Potential phase 1B study in UC patients. Developing study protocol with a goal to generate data for BT-600 in ulcerative colitis patients ahead of future phase 2 study. 56-day GLP tox study with BT-600. Planned to begin in 2H 2024; enabling requirement for larger and longer duration clinical studies. BioJet Systemic Oral Delivery Platform development: Progress with pharma collaborations. Ongoing preclinical data generation through animal studies with multiple collaborators' molecules anticipated throughout 2024. Anticipate expanding research collaborations into development partnerships.
COYA

Hot Stocks

08:22 EST Coya expands pipeline for COYA 302 beyond ALS to include FTD and PD - Coya Therapeutics announces that it is expanding its pipeline in neurodegenerative conditions for COYA 302 beyond ALS to include frontotemporal dementia FTD and Parkinson's disease PD .Dr. Fred Grossman, Coya's President and Chief Medical Officer stated, "ALS, FTD, and PD are driven by a similar, yet complex, proinflammatory environment that requires targeting more than a single pathway. COYA 302 has been designed to target multiple pathways, such as restoring dysfunctional Tregs and inhibiting proinflammatory microglia and macrophages, and may have disease modifying potential in these severe diseases with high unmet need." COYA 302 is a dual-mechanism investigational biologic combination immunotherapy comprised of proprietary low dose IL-2 and fusion protein CTLA-4 Ig. Low dose IL-2 enhances anti-inflammatory Treg function and numbers while the fusion protein CTLA-4 Ig suppress proinflammatory cell function, enabling potentially synergistic mechanisms in modulating inflammatory pathways and restoring immune balance. COYA 302 has the potential to be disease modifying by targeting multiple dysregulated immune pathways while restoring function in anti-inflammatory Treg function. Coya intends to file an IND for COYA 302 for the treatment of ALS in the first half of 2024 and an IND for COYA 302 for the treatment of FTD before the end of 2024. In addition, studies in animal models of PD are planned in 2024, and based on those studies, a subsequent IND filing is anticipated for the treatment of PD.
CLPT

Hot Stocks

08:22 EST ClearPoint Neuro announces FDA clearance for SmartFrame OR system - ClearPoint Neuro announced it has received 510(k) clearance for its SmartFrame OR Stereotactic System. "Expanding ClearPoint's portfolio beyond the MRI into the operating room is of key strategic significance to the Company in 2024 and beyond," stated Joe Burnett, President and CEO at ClearPoint Neuro. "More than 95% of all stereotactic neuro-navigation procedures take place in the OR, supporting DBS, Laser Ablation, Biopsy, sEEG, and more. This product is the first in ClearPoint's history that does not require the use of MRI during the procedure, allowing us to access more hospitals, and to support an order of magnitude more patients than our legacy portfolio. Importantly, the SmartFrame OR is compatible with capital hardware and software already present in many neurosurgical operating rooms and should not require the approval by hospital capital committees for surgeons to try this new product."
FLNC

Hot Stocks

08:20 EST Fluence Energy announces Fluence Mosaic intelligent bidding software - Fluence Energy announced that Fluence Mosaic, an intelligent bidding software for grid-scale energy storage and renewable assets, is now available to optimize bidding of hybrid renewables and storage assets in the California Independent System Operator wholesale power market. This expands Mosaic's optimization capabilities for CAISO, with the software already trusted by asset owners to optimize standalone energy storage and co-located energy storage and renewables plants. Mosaic is expected to commence bidding operations for hybrid assets in CAISO totaling 75 MW / 300 MWh in early 2024.
SLRX

Hot Stocks

08:20 EST Salarius issued U.S. patent for next-gen targeted protein degraders - Salarius Pharmaceuticals announces that the U.S. Patent and Trademark Office, USPTO, has issued U.S. Patent No. 11,773,080, titled "Deuterium-enriched isoindolinonyl-azepanediones and related compounds and methods of treating medical disorders using same." This patent covers the composition of matter for novel molecular glue degraders and expires in mid-2039. As reported on August 8, 2023, Salarius retained Canaccord Genuity, LLC to lead a comprehensive review of strategic alternatives focusing on maximizing shareholder value. While these efforts are ongoing, the company continues to support its current programs, as appropriate. David Arthur, President and CEO of Salarius, said, "We are delighted to continue building our TPD portfolio using our deuterium-enabled chiral switching platform to identify and develop new therapeutics. The granting of this patent, the 17th issued to Salarius in TPDs across six patent families, demonstrates the ability of the DECS platform to develop novel protein degraders."
ARLP

Hot Stocks

08:19 EST Alliance Resource Partners subsidiary, Infinitum partner on motor technology - Infinitum and Matrix Design Group, a wholly owned subsidiary of Alliance Resource Partners announced an agreement to jointly develop and distribute high-efficiency, reliable motors and advanced motor controllers designed specifically for the mining industry. Under the agreement, Matrix will integrate Infinitum's smaller, lighter motor technology into mining equipment of ARLP's operating subsidiaries to provide performance validation in production environments for the jointly developed products. In addition to supporting installations at ARLP operations, Matrix plans to offer the products to third-party mining customers around the globe. Infinitum's patented motor technology will replace traditional, heavy iron-core motors with a motor system that is 50% smaller and lighter, uses 66% less copper, and consumes 10% less energy, and is expected to offer mining companies and equipment manufacturers a more efficient, reliable alternative.
CRNC VWAGY

Hot Stocks

08:19 EST Cerence, Skoda elevate in-vehicle experience with Cerence Chat Pro - Cerence (CRNC) announced it will provide generative AI features for Skoda, a Volkswagen Group (VWAGY) brand. Skoda will launch a new in-car assistant experience leveraging Cerence Chat Pro, providing a seamless and intelligent companion for their everyday journeys. The integration of Cerence Chat Pro into Skoda's voice assistant, Laura, will empower drivers and passengers to engage in general knowledge chit-chat beyond Laura's already existing voice-control features such as navigation and air conditioning control - completely hands-free for improved drive safety. "At Cerence, we're on a mission to redefine the in-vehicle experience for drivers and passengers by helping automakers leverage AI to make each journey more intelligent, enjoyable, and safe," said Stefan Ortmanns, CEO, Cerence. "We're excited to collaborate with Skoda so their drivers can be amongst the first in the world to benefit from the sophisticated, connected mobility experience of Cerence Chat Pro."
PBLA

Hot Stocks

08:19 EST Panbela Therapeutics announces 1-for-20 reverse stock split - Panbela Therapeutics will implement the previously announced and stockholder approved 1-for-20 reverse split of its common stock. The reverse stock split will be effective as of the morning of January 18, 2024, and the company's common stock will trade on a post-split basis at the beginning of trading on the same date under the existing trading symbol "PBLA." The CUSIP number for the common stock following the reverse stock split will be 69833W404. The reverse stock split is primarily intended to increase the market price per share of the company's common stock to regain compliance with the continued listing requirements of The Nasdaq Capital Market. The company intends to continue to pursue additional actions to satisfy the exchange's other continued listing requirements. The reverse stock split will reduce the number of shares of the company's common stock currently outstanding to an estimated 480 thousand shares. Proportionate adjustments will be made to the conversion and exercise prices of the company's outstanding stock purchase warrants, stock options and to the number of shares issued and issuable under the company's equity incentive plans. The number of shares authorized for issuance by the company will not decrease as a result of the reverse stock split.
MARA

Hot Stocks

08:17 EST Marathon Digital announces closing of acquisition of bitcoin mining sites - Marathon Digital has closed its previously announced acquisition of two operational Bitcoin mining sites, totaling 390 megawatts of operational capacity, from Generate Capital. "With the closing of this acquisition, we have officially made the transition to a more sophisticated organization with a diversified portfolio of Bitcoin mining assets," said Fred Thiel, Marathon's chairman and CEO. "Our mining portfolio now consists of approximately 910 megawatts of capacity, 45% of which resides on sites we directly own, and 55% of which is hosted by third parties. We look forward to integrating these assets into our portfolio, where we can leverage our cutting-edge technologies to improve efficiencies, and, over the next 18-24 months, scaling our operations to 50 exahashes of capacity."
HALO TAK

Hot Stocks

08:17 EST Halozyme: Takeda receives FDA approval of HYQVIA co-formulated with ENHANZE - Halozyme Therapeutics (HALO) announced that Takeda (TAK) received U.S. FDA approval for HYQVIA co-formulated with Halozyme's ENHANZE drug delivery technology for the treatment of chronic inflammatory demyelinating polyneuropathy as maintenance therapy to prevent the relapse of neuromuscular disability and impairment in adults. HYQVIA was first granted FDA approval in 2014 for the treatment of primary immunodeficiency in adults, which has since been expanded to include children 2-16 years old
BFRG

Hot Stocks

08:17 EST Bullfrog AI announces issuance of Australian patent protecting prodrugs - BullFrog AI Holdings announced that the Australian Patent Office has issued Patent No. 2019216757 protecting the Company's novel prodrugs derived from mebendazole and their use in treating cancers and other diseases. This follows the July 2023 announcement of the issuance of U.S. Patent No. 11,712,435 for this invention, with issuance of patents expected in additional territories in the future. The patented compounds exhibit improved solubility and oral bioavailability relative to the parent drug, thereby addressing a key difficulty associated with the potential use of mebendazole for oncology indications, and include BF-223, a key asset in the Company's pipeline of in-licensed drugs. The Company previously announced positive results from a preclinical study demonstrating that BF-223 has anticancer activity in an animal model for glioblastoma.
CODI

Hot Stocks

08:17 EST Compass Diversified announces partnership with The Honey Pot company - Compass Diversified announced that it has entered into a definitive agreement to partner with The Honey Pot Company for an enterprise value of $380 million. The Honey Pot Co. will continue to be led by its current leadership team, and existing owners and management will retain a significant minority stake in the company. CEO of Compass Diversified, Elias Sabo, commented: "Beatrice and her team have done an amazing job building The Honey Pot Co. into a leading feminine care brand that has distinctive category ownership and unique brand positioning. They have a strong leadership team, an efficacious line of products, and a track record of impressive innovation and category disruption. We believe they have tremendous growth opportunities on the horizon. This partnership is a testament to the importance of brands built on dedication to innovative products and fostering community. We are so excited to provide The Honey Pot Co. with the resources necessary to bring it closer to its goal of serving more people by being the number one 'better-for-you' personal care brand in the world." The acquisition is expected to close in February, subject to customary closing conditions.
LYB

Hot Stocks

08:16 EST LyondellBasell to acquire 35% interest in NATPET from Alujain for $500M - LyondellBasell announced it entered into an agreement to acquire a 35% interest in Saudi Arabia-based National Petrochemical Industrial Company, or NATPET, from Alujain for approximately $500M. Enabled by its Spheripol polypropylene technology, the joint venture positions LYB to grow and upgrade its core PP business through access to advantaged feedstocks, plus additional product marketing capacity, in a strategic region. Closing of the transaction is subject to regulatory and other customary closing conditions. Alujain and LYB are also assessing together potential construction of a new propylene via propane dehydrogenation and PP facility at the NATPET site, subject to a final investment decision. The project is being studied with a shared goal to implement solutions that align with the Kingdom of Saudi Arabia's 2060 carbon reduction strategy.
AMSC

Hot Stocks

08:16 EST AMSC receives wind turbine electrical control system order from Inox Wind - AMSC announced it has received an $8 million order for its 3 megawatt class wind turbine electrical control systems from Inox Wind Limited, India's premium wind turbine manufacturer. Inox Wind has requested immediate delivery under this $8 million follow-on order. AMSC expects to ship these ECS over the course of calendar year 2024. Daniel McGahn, Chairman, President and CEO of AMSC, stated, "AMSC is off to an encouraging start in 2024 with a follow-on order from our partner Inox Wind for our cutting edge 3 MW class ECS. As per the National Electricity Plan for 2022-32, the Indian onshore wind market capacity is forecasted to add over 80 GW by 2032 to reach an installed capacity of 122 GW. AMSC is fully prepared to further support Inox as we expect to continue to expand energy solutions for India and its great people. We are serving our growing end markets and moving ahead confidently during the remainder of fiscal year 2023." Under the terms of the existing exclusive license agreement for AMSC's 3 MW class wind turbine design in India between AMSC and Inox, Inox has agreed that AMSC will be the exclusive supplier of ECS for Inox's 3 MW class wind turbine. AMSC's 3 MW class wind turbine design is certified as having a 3 MW power rating. AMSC's 3 MW class wind turbine may operate up to 3.3 MW under certain grid conditions and certain ambient temperature conditions.
CVU

Hot Stocks

08:15 EST CPI Aerostructures appoints Ross Johnson as VP, program management - CPI Aerostructures has appointed Ross Johnson to the position of Vice President, Program Management. Most recently, he served as Director, Program Management at Sikorsky Aircraft, Inc. responsible for aircraft deliveries, customer management, contract execution and leadership of the aircraft build integrated product teams. He was further promoted to Director, Business Development for Sikorsky's commercial helicopter aftermarket.
DZSI

Hot Stocks

08:15 EST DZS extends partnership with Andorix to transform landmark locations - DZS announced that it is working with longtime partner Andorix, a neutral host network provider and smart building systems integrator for commercial, retail and residential real estate properties, to transform landmark locations into fiber-based smart buildings designed for today's digital workforce. "Historical landmarks are the architectural gems of North America's big cities, but often go underutilized by marquee clients due to their high cost of operation and legacy communications network infrastructure," said Gunter Reiss, Chief Customer Officer of AEMEA for DZS. "Andorix's Managed PON platform, powered by our proven DZS FiberLAN solutions, transforms the communications networks of these buildings, delivering state-of-the-art hyper-connectivity, a dramatically improved user experience, and significant operational and capital cost savings for commercial property owners. We are proud of how our partnership with Andorix has been able to make these inner-city treasures appealing to new generations, and we continue to grow our strong relationship by modernizing outdated communications infrastructure in historic commercial facilities like The Post across North America."
ENPH

Hot Stocks

08:14 EST Enphase Energy launches IQ8 microinverters in Belgium - Enphase Energy has started shipping IQ Microinverters in Belgium, with peak output AC power of 384 W, to support newer, high-powered solar modules. IQ8 Microinverters are designed to maximize energy production and can manage a continuous DC current of 14 amperes, supporting higher powered solar modules through increased energy harvesting. The three new microinverters - IQ8MC, IQ8AC, and IQ8HC - feature a peak output power of 330 W, 366 W, and 384 W, respectively, and are designed to seamlessly pair with a full range of solar modules up to 560 W DC. These IQ8 Microinverters activated in Belgium come with a 25-year limited warranty from Enphase.
HLGN

Hot Stocks

08:13 EST Heliogen announces joint development deal with Omanor, no terms - Heliogen announced a joint development agreement with Omanor, a real estate developer of logistics & energy infrastructure assets, and provider of permitting and off-take services for renewable energy projects in the states of Baja California Norte and Sonora, Mexico. The agreement includes developing a concentrating solar power plant leveraging Heliogen's technology. Heliogen and Omanor are progressing through the first of four phases, which evaluates an existing zoned and permitted piece of land in Sonora, Mexico to host the first project. Upon completion of Phase 1, cost analyses and feasibility studies specific to sizing and generation capacity will commence. Omanor will support Heliogen in preliminary site due diligence and identifying and securing initial commercial energy customers.
KTOS

Hot Stocks

08:13 EST Kratos Defense receives $50M in awards for CUAS, Air Defense systems - Kratos Defense & Security Solutions announced that it has recently received approximately $50 million in awards for Products and Hardware, including for and in support of Counter Unmanned Aerial System, CUAS, Air Defense and Radar Systems. The $50 million total includes contracts and programs that were awarded to Kratos on a single award or sole source basis. Kratos is an industry leader in systems, hardware and microwave electronics, including for and in support of CUAS, unmanned aerial drone, missile, radar and air defense related systems. At Kratos, affordability is a technology, with Kratos offerings envisioned and designed up front, for rapid, low-cost manufacturing and production, at scale and in large quantities. Work under these recently received awards will be performed at secure Kratos manufacturing facilities and customer locations. Due to security related, competitive and other considerations, no additional information will be provided. Eric DeMarco, President and CEO of Kratos, said, "Kratos' technology, products, software and systems are supporting the U.S. warfighter and our allies defense and security related needs and requirements, including in current contested and high intensity conflict areas globally. Kratos' ability to rapidly develop, produce and provide relevant, affordable solutions at scale and in quantity, we believe, is a competitive differentiator for our Company, customers, teammates and partners, and an important element of today's global security and defense environment."
CMPS

Hot Stocks

08:13 EST Compass Pathways enters research collaboration agreement with Hackensack - Compass Pathways and Hackensack Meridian Health, HMH, announced that that they have entered into a research collaboration agreement to inform the delivery model design of investigational COMP360 psilocybin treatment, if FDA-approved. The collaboration between Compass and HMH aims to improve health outcomes and improve patient and provider experiences for mental health conditions such as treatment-resistant depression. "Our collaboration with Hackensack Meridian Health will help us understand how investigational COMP360 psilocybin treatment, if approved, could be delivered to patients, and represents another important milestone in our mission to provide better treatment options for people who urgently need them," said Kabir Nath, CEO of Compass Pathways. "As one of the largest, most comprehensive and truly integrated health care networks in the US, with a strong mission to improve clinical outcomes and transform healthcare delivery, HMH is a great collaboration partner for Compass."
WIMI

Hot Stocks

08:13 EST WiMi Hologram Cloud working on mixed byzantine fault tolerance - WiMi Hologram Cloud announced working on a novel mixed byzantine fault tolerance. MBFT has its origins in the PBFT algorithm, the first consensus algorithm used in the Union Blockchain, but in many ways, MBFT has improved and innovated. MBFT improves scalability while ensuring fault tolerance. It combines sharding and layering to improve the performance of the blockchain. Layering effectively separates the functions of nodes, and by assigning the entire verification function and demodulation process to different nodes, layering reduces the load on a single node and improves consistency efficiency. Sharding can assign transactions to different groups of nodes, and when the number of transactions increases significantly, the system can dynamically increase the number of nodes and shards, thus improving processing capacity and reducing latency. Through functional node division, MBFT improves the efficiency of the blockchain without sacrificing security. In addition, MBFT introduces a random node selection mechanism and a credit mechanism to further enhance its security and fault tolerance. In MBFT, we assign nodes to different consensus groups and design new transaction verification and fault tolerance algorithms for each consensus group. Each consensus group verifies only a part of the transaction. At the same time, the blockchain system can still maintain 1/3 fault tolerance. MBFT algorithm can reduce blockchain forks while ensuring high fault tolerance and speed.
CYBR

Hot Stocks

08:12 EST CyberArk appoints Eduarda Camacho as COO - CyberArk announced the appointment of Eduarda Camacho as chief operating officer, COO, Ms. Camacho brings more than 25 years of global senior leadership experience at SaaS and enterprise software companies with a primary focus on creating value through best-in-class customer experiences. As COO, Camacho will lead CyberArk's go-to-market strategy and field execution. This includes executive leadership over the entire customer journey including sales, channel and customer success teams worldwide. Camacho most recently served as chief customer officer CCO and senior vice president of customer success at BMC Software.
RENB

Hot Stocks

08:12 EST Renovaro BioSciences issues letter to shareholders - Renovaro Biosciences CEO, The Hon. Mark Dybul issued letter to shareholders. "I write to update you on our key developments towards precision medicine for healthy longevity - starting with cancer - powered by mutually reinforcing AI and biotechnology platforms for early diagnosis, better-targeted treatments, and drug discovery towards our vision of a world with effective cancer treatments free from toxic chemotherapy... 2024 is off to a promising start: - The Company filed its definitive proxy statement for its shareholder meeting scheduled for January 25, 2024, in order to vote on matters related to the combination with GEDi Cube. GEDi Cube has Promising AI advancements toward commercialization in 2024... In addition, since the last CEO letter, we have been advised by GEDi Cube that its team has substantially accelerated its multi-omic health technology while aggressively pursuing key partnerships to contribute to the commercialization of potential products and lay a solid foundation for a client base for rapid uptake when products become available. In that regard, GEDi Cube became a formal Inception Partner of NVIDIA. This partnership gives GEDi access to their resources for infrastructure and scaling, and specific advice and guidance from their Inception Team to progress towards moving from a multi-omic to a multi-modal approach by incorporating imaging technology... Renovaro Biosciences has expanded the pre-clinical validation of the effectiveness of the cancer vaccine RENB-DC11. Dr. Jewett dubbed the results "the holy grail of cancer research" based on the highly reproducible results obtained in 4 experiments of pancreatic cancer in humanized mice conducted by UCLA... Recently, a leading contract research organization conducted an additional animal study that was designed to examine the effects of RENB-DC11 in a more advanced stage of pancreatic cancer. In the treated group, there were no metastases, and there was a significant reduction in tumor size - down to an undetectable level. Compared with previous studies, half the dose and a non-matched pancreas tumor line lysate, rather than matching it to the specific cancer tissue biopsy, were used. In addition, Dr. Jewett conducted a preliminary study in liver cancer with promising results, showing a reduction in cancer progression, including metastases, and apparently improved survival in mice treated with the vaccine compared to the untreated group of animals... Finally, we have finalized the design of the clinical protocol and have identified the principal investigator from the Department of Oncology at UCLA to conduct the first-in-human studies, which is projected to be at the end of 2024...We firmly believe the winning combination of cutting-edge Health Tech and Biotech offers an opportunity for an end-to-end approach to cancer - from early diagnosis and detection of recurrence to prediction of treatment effectiveness to the discovery of new therapies while advancing our existing therapeutic vaccine towards our vision for living a long, healthy life free from toxic chemotherapy."
BNET

Hot Stocks

08:11 EST Bion Environmental issued new patent on ammonia recovery system - Bion Environmental Technologies was issued a new patent that broadens its Ammonia Recovery System (ARS) claims to include industrial and municipal wastewater streams. Bion's ARS was developed to recover the volatile ammonia in livestock waste streams, with a focus on the discharge from an anaerobic digester, where biogas is produced. Bion just optimized the ARS at its Fair Oaks facility for the final design process for full-scale animal waste systems. With this fifth patent, Bion's IP now covers organic waste streams from industrial and municipal sources, as well.
SNPS ANSS

Hot Stocks

08:10 EST Synopsys, Ansys deal seen accretive to adjusted EPS within year two post close - Synopsys' total addressable market is expected to increase by 1.5x to approximately $28B. This combined TAM is expected to grow at roughly an 11% CAGR, driven by megatrends accelerating the need for the fusion of electronics and physics across industries. The combination is expected to strengthen Synopsys' financial profile. The combined company expects to continue its industry-leading, double-digit growth, which is expected to outpace TAM growth. The combination is expected to expand Synopsys' non-GAAP operating margin by approximately 125 basis points and unlevered free cash flow margins by approximately 75 basis points the first full year post-closing. The combination is expected to be accretive to non-GAAP EPS within the second full year post-closing and substantially accretive thereafter. The combined company is expected to generate substantial and sustained free cash flow, which will enable rapid de-leveraging to less than 2x debt to Adjusted EBITDA within two years post-closing, with a long-term leverage target of less than 1x. Synopsys expects to maintain investment grade credit ratings given its strong cash flow generation and commitment to rapidly de-lever. The combined company expects to achieve approximately $400M of run-rate cost synergies by year three post-closing and approximately $400M of run-rate revenue synergies by year four post-closing, growing to more than approximately $1B annually in the longer-term.
APLD

Hot Stocks

08:10 EST Applied Digital signs anchor tenant at Ellendale HPC facility - Applied Digital has signed a conditional agreement to provide datacenter capacity at its Ellendale, North Dakota campus, subject to finalization of definitive lease documents. The conditional agreement is for a total of 100MWs for a term of 10 years and is conditional on securing financing for the completion of construction. The company is in conversation with potential lenders to secure the project-level financing needed. The total contract value is approximately $2.2 billion over the 10-year term.
TSLA

Hot Stocks

08:10 EST Musk says 'uncomfortable' making Tesla AI leader without 25% control - Tesla CEO Elon Musk said via Twitter: "I am uncomfortable growing Tesla to be a leader in AI & robotics without having ~25% voting control. Enough to be influential, but not so much that I can't be overturned. Unless that is the case, I would prefer to build products outside of Tesla. You don't seem to understand that Tesla is not one startup, but a dozen. Simply look at the delta between what Tesla does and GM. As for stock ownership itself being enough motivation, Fidelity and other own similar stakes to me. Why don't they show up for work?" Reference Link
PGEN

Hot Stocks

08:09 EST Precigen receives Orphan Drug Designation for PRGN-2012 in Europe - Precigen announced that the European Commission, or EC, has granted Orphan Drug Designation for the Company's first-in-class investigational medicine PRGN-2012 for the treatment of recurrent respiratory papillomatosis, or RRP. RRP is a rare, difficult-to-treat and sometimes fatal neoplastic disease of the upper and lower respiratory tracts caused by human papillomavirus type 6 or HPV type 11. PRGN-2012 received Orphan Drug Designation from the FDA and Precigen was the first company to receive Breakthrough Therapy Designation and an accelerated approval pathway from the FDA for an RRP treatment. PRGN-2012 is an innovative therapeutic vaccine with optimized antigen design that uses gorilla adenovector technology, part of Precigen's proprietary AdenoVerse platform, to elicit immune responses directed against cells infected with HPV 6 or HPV 11. Gorilla adenovectors have numerous advantages, including the ability for repeat administration, the inability to replicate in vivo, and the ability to deliver a large genetic payload. PRGN-2012 is currently under investigation in a Phase 1/2 pivotal single-arm study in adult patients with RRP in the US. A Phase 2 data presentation is anticipated in the second quarter of 2024 and a planned Biologics License Application submission under an accelerated approval pathway with the FDA is anticipated in the second half of 2024. Commercial readiness preparations are underway for a potential launch in the US in 2025.
STLA

Hot Stocks

08:07 EST Stellantis, SIXT reach agreement for purchase of up to 250,000 vehicles - SIXT and Stellantis announce they have come to a multi-billion euro agreement under which SIXT could buy up to 250,000 vehicles for its rental fleet in its corporate countries across Europe and North America over the next three years. First significant delivery volumes will take place as early as the first quarter of 2024 and will continue throughout the year. SIXT rental customers will benefit from an attractive choice of vehicles of Stellantis award-winning brands. The deliveries to SIXT will include a variety of classes from city cars to SUVs to vans and trucks as well as a full range of propulsion types featuring the latest software and infotainment tech features. Specific order quantities, order compositions and delivery dates beyond the volumes that have already been planned for 2024 can be flexibly agreed between both companies considering fleet requirements and demand. Carlos Tavares, CEO of Stellantis: "With today's amazing announcement with SIXT, we deliver on our commitments to offer the customer clean, safe and affordable mobility seen now in breakthrough vehicles and technology. Within our iconic brands, we offer a vehicle that fits practically every need, price point, and lifestyle. This partnership with SIXT enables current and potential Stellantis brand customers to immerse themselves in our newest offerings with the most advanced propulsion, vehicle connectivity and thoughtful comfort. It's the ultimate test drive and a critical checkpoint for us in the upcoming years as Stellantis transforms into a sustainable mobility tech company."
AME

Hot Stocks

08:06 EST Ametek names Dalip Puri as CFO, succeeding William Burke - Ametek the Board of Directors has elected Dalip Puri as Executive Vice President and CFO, effective April 2. Puri currently serves as Senior Vice President, Operational Finance. He will replace William Burke who has announced his retirement after 36 years with Ametek. Prior to joining Ametek, Dalip was Vice President, Treasurer and Investor Relations at Chemtura Corporation.
DCTH

Hot Stocks

08:06 EST Delcath Systems announces first commercial use of HEPZATO KIT for mUM - Delcath Systems announced the first commercial use of HEPZATO KIT for the treatment of metastatic uveal melanoma, or mUM. The procedure took place at Moffitt Cancer Center in Tampa, Florida by Dr. Jonathan S. Zager, Chief Academic Officer; Senior Member, Department of Cutaneous, Oncology; Director of Regional Therapies, Moffitt Cancer Center. Dr. Zager was the global Lead Investigator for the FOCUS Phase 3 trial. The company is working with numerous other leading cancer centers across the U.S. which have indicated interest in HEPZATO KIT to ensure patients nationwide have access to this important treatment. In conjunction with the first commercial treatment, Delcath also launched websites relating to the HEPZATO KIT, including HEPZATO KIT, HEPZATO KIT REMS, and HEPZATO KIT Access, to support the commercial launch.
TAK

Hot Stocks

08:06 EST FDA approves Takeda's HYQVIA to treat CIDP as maintenance therapy - Takeda announced that the U.S. Food and Drug Administration FDA, has approved HYQVIA or Immune Globulin Infusion 10%... Human...with Recombinant Human Hyaluronidase, for the treatment of chronic inflammatory demyelinating polyneuropathy CIDP as maintenance therapy to prevent the relapse of neuromuscular disability and impairment in adults. HYQVIA first received approval in the U.S. in 2014 for the treatment of primary immunodeficiency PI) in adults, which has since been expanded to include children 2-16 years old. HYQVIA is the only FDA-approved combination of immunoglobulin IG and hyaluronidase, which makes it a facilitated subcutaneous immunoglobulin SCIG infusion. For adults with CIDP, HYQVIA can be infused up to once monthly due to the hyaluronidase component, which facilitates the dispersion and absorption of large IG volumes in the subcutaneous space between the skin and the muscle. Because it is delivered subcutaneously, HYQVIA can be administered by a healthcare professional in a medical office, infusion center or at a patient's home. In addition, it can be self-administered after appropriate patient or caregiver training "With the FDA approval of HYQVIA for CIDP, which builds on our expertise in rare neuroimmunological and neuromuscular disorders, we can now offer a personalized maintenance treatment option for adults with this debilitating disease," said Giles Platford, president of Takeda's Plasma-Derived Therapies Business Unit. "Research and clinical experience have shown that IG therapy is effective as maintenance treatment in adults with CIDP, and we hope that this approval for HYQVIA is the first of several around the world as we strive to deliver our broad and diverse IG portfolio to more people with complex neuroimmunological diseases."
SLDB

Hot Stocks

08:04 EST Solid Biosciences granted FDA ODD for SGT-003 - Solid Biosciences announced that it has been granted orphan drug designation, ODD, from the U.S. Food and Drug Administration, FDA, for SGT-003, the company's next-generation Duchenne muscular dystrophy gene therapy candidate. "Obtaining ODD status for SGT-003, along with Fast Track Designation granted last month, furthers our efforts to meet the ongoing challenge of treating this devastating disease as expeditiously as possible," said Bo Cumbo, President and Chief Executive Officer at Solid Biosciences. "These designations are important milestones for Solid, supporting the continued development of next-generation therapies for Duchenne." The company is currently in the process of securing approvals from the institutional review boards at the clinical trial sites for the planned Phase 1/2 clinical trial of SGT-003 and expects to commence patient screening shortly thereafter. Patient dosing in the trial is expected to commence in mid-to-late first quarter of 2024.
BAH

Hot Stocks

08:04 EST Booz Allen invests in Second Front Systems, terms undisclosed - Booz Allen announced that its corporate venture capital arm, Booz Allen Ventures has made a strategic investment in Second Front Systems, a public-benefit corporation accelerating the delivery of mission-critical solutions in the U.S., Europe, Australia, and for NATO.
SNPS ANSS

Hot Stocks

08:03 EST Synopsys to acquire Ansys for cash and stock in $35B deal - Synopsys (SNPS) and Ansys (ANSS) announced that they have entered into a definitive agreement under which Synopsys will acquire Ansys. Under the terms of the agreement, Ansys shareholders will receive $197.00 in cash and 0.3450 shares of Synopsys common stock for each Ansys share, representing an enterprise value of approximately $35B based on the closing price of Synopsys common stock on December 21, 20233. Bringing together Synopsys' pioneering semiconductor electronic design automation with Ansys' broad simulation and analysis portfolio will create a leader in silicon to systems design solutions. The implied per share consideration of $390.19, based on the closing price of Synopsys common stock of $559.96 as of December 21, 2023, represents a premium of approximately 29% over Ansys' closing stock price on December 21, 20235 and a premium of approximately 35% to Ansys' 60-day volume-weighted average price for the period ending on the same date. Under the terms of the agreement, Ansys shareholders are expected to own approximately 16.5% of the combined company on a pro forma basis. Synopsys intends to fund the $19B of cash consideration through a combination of its cash on hand and debt financing. Synopsys has obtained $16B of fully committed debt financing. The transaction is anticipated to close in the first half of 2025, subject to approval by Ansys shareholders, the receipt of required regulatory approvals and other customary closing conditions.
TIL

Hot Stocks

08:02 EST Instil Bio announces closure of UK manufacturing, clinical operations - Instil Bio announced a strategic update. Instil has entered into an agreement with a collaborator that has a successful track record of manufacturing and dosing patients with cell therapies to conduct preclinical manufacturing feasibility studies in the ITIL-306 program. The feasibility studies have been initiated, and if the feasibility studies are successful, Instil's collaborator may open an investigator-initiated clinical trial to enroll patients with non-small cell lung cancer in China. In the event the IIT generates compelling proof-of-concept clinical data in 2024, Instil may explore options for a potential transition of ITIL-306 to a US-based CDMO for manufacturing and clinical development primarily at US clinical trial sites. With the objective of saving costs and improving time efficiency, the Company is announcing the closure of its UK manufacturing and clinical operations, thereby reducing its UK workforce which is expected to be substantially completed by the first half of 2024. Instil plans to retain key process development, research, and related personnel to advance early-stage pipeline development of CoStAR and other novel TIL technologies, and to support the company's collaboration.
SNPS ANSS

Hot Stocks

08:01 EST Synopsys to acquire Ansys for cash and stock in $35B deal
SXTP

Hot Stocks

07:59 EST 60 Degrees Pharmaceuticals regains compliance with Nasdaq listing rules - 60 Degrees Pharmaceuticals received written notice from the Nasdaq Listing Qualifications Staff of the Nasdaq Stock Market stating the Company has regained compliance with the minimum bid price requirement, as set forth in Nasdaq Listing Rule 5550(a)(2) for continued listing on The Nasdaq Capital Market. The Company had been notified by Nasdaq on November 2, 2023 that it was not in compliance with the Minimum Bid Price Requirement because its common stock had failed to maintain a minimum bid price of $1.00 for 30 consecutive business days. In order to regain compliance with the Minimum Bid Price Requirement, the Company was required to maintain a minimum closing bid price of $1.00 or more for at least 10 consecutive trading days, which was achieved during the period between December 26, 2023 and January 9, 2024. The Company's closing bid price was $1.09 on January 9, 2024.
VOXR

Hot Stocks

07:59 EST Vox Royalty announces up to $25M revolving credit facility - Vox Royalty entered into a definitive credit agreement with the Bank of Montreal providing for a $15 million secured revolving credit facility. The Facility includes an accordion feature which provides for an additional $10 million of availability subject to certain conditions. The Company has not drawn on the Facility as of the date hereof. The key terms of the new Facility are: $15 million senior secured Facility; Additional $10 million Accordion; Secured against the assets of the Company; Interest rate of Secured Overnight Financing Rate plus 2.50% to 3.50%, contingent upon the Company's leverage ratio; Facility has flexibility to be drawn and repaid, with the undrawn portion subject to a standby fee of 0.5625% to 0.7875% per annum based on the undrawn amount; One-time arrangement fee of 0.50% and two-year upfront fee of 0.25% per annum on the total Facility amount, being $150,000 in the aggregate; The Facility will be available for general corporate purposes, acquisitions and investments; and Matures on December 31, 2025 with annual one-year extension option.
NCAC

Hot Stocks

07:58 EST Newcourt Acquisition, Psyence subsidiary enter securities purchase agreement - Psyence Group announced that its subsidiary, Psyence Biomedical has entered into a definitive securities purchase agreement providing for up to $10M in funding through the issuance of up to four senior secured convertible notes with a US based investment firm. The Note Financing is expected to provide Pubco approximately $2.5M in funding at closing, which is expected to close immediately prior to or concurrently with the closing of the previously announced business combination with Newcourt Acquisition Corp, a special purpose acquisition company, and Pubco. Pursuant to the Securities Purchase Agreement, the Note Financing provides for the issuance of the Notes in the aggregate principal amount of up to $12.5 million to the Purchaser. The Note Financing will be provided in four equal tranches of $3,125,000 of principal in exchange for a total of $2,500,000 in aggregate proceeds per Tranche. The first Tranche is expected to close immediately prior to or concurrent with the closing of the previously announced Business Combination. The second Tranche funding is conditioned upon the SEC having declared effective a resale registration statement registering for resale the shares of Pubco's common stock underlying the Note issued to the Purchaser, in connection with the first Tranche, along with certain other conditions, and may be funded, in full or in instalments, over a period of time based on the median of the daily value of the PubCo common shares over a defined period. Funding of the third and fourth Tranches are at the complete discretion of the Purchaser. The Purchaser will receive a structuring fee equal to an aggregate of 3,000,000 Common Shares of PubCo, of which 1,300,000 Common Shares will be delivered to the Purchaser at the closing of the Business Combination, with the remaining 1,700,000 shares being issuable to the Purchaser upon the exercise of a call option granted to the Purchaser. The Notes will bear interest at 8% per annum, paid monthly in arrears, and will carry a term of 36 months. Interest may be settled in cash or in Common Shares at the election of PubCo at the conversion price determined under the terms of the Notes. At any time following one year after the original issue date of the Note, and provided that no event of default is continuing on the applicable prepayment date, PubCo may repay any portion of the outstanding principal amount of the Note upon at least 30 trading days' written notice by paying an amount equal to 130% of the principal amount of the Note then being prepaid, plus accrued but unpaid interest through the prepayment date. Completion of the Note Financing is subject to, among other matters, the satisfaction of the conditions negotiated in the Securities Purchase Agreement. Accordingly, there can be no assurance that the Note Financing will be consummated on the terms or timeframe currently contemplated, or at all.
DCGO

Hot Stocks

07:39 EST DocGo provides additional information pertaining to short seller report - The company said, "As previously disclosed in our press release dated January 10, 2024, DocGo Inc. ("DocGo" or the "Company") categorically rejects "Fuzzy Panda Research's" (FP) January 10th assessment of DocGo's business practices. As we previously advised our shareholders, this short seller mischaracterizes and misrepresents facts that are already known to the public, and uses unsubstantiated claims to intentionally present an overall picture of DocGo, our leadership and our business that is deliberately false, misleading and defamatory. The Company believes this short seller's allegations are motivated solely by its own financial gain at the expense of DocGo's shareholders, employees, patients, customers, and stakeholders. The Company has already sent FP a cease-and-desist letter, and continues to explore other means of legal recourse against FP and its associates. DocGo has no intention to provide a point-for-point response on unsubstantiated claims from disgruntled former staff members, dated and previously disclosed information, and the absurd litany of conjecture and factual distortions outlined in FP's so called "research report." With that said, the Company wishes to further refute several of the most egregious misrepresentations, mischaracterizations, inaccuracies and lies that have resulted in questions from our investors. Specifically: Regarding the Suggestion of Medicare Fraud, the Company is routinely reviewed by regulatory agencies and has not had adverse material financial findings against us. DocGo has a robust compliance department that reviews our billing claims for medical necessity and other billing compliance issues. Our Billing Compliance Department is staffed by Certified Ambulance Coders and/or Certified Evaluation and Management Coders. The Company engages independent third-party audit firms to audit our claims, and independent parties to perform compliance effectiveness reviews... Regarding the mischaracterization of DocGo's use of Variable Interest Entities or "VIEs," this is a commonly used structure within the industry and is used to comply with corporate practice of medicine requirements in many jurisdictions. The Company has publicly disclosed that it holds a variable interest in Mobile Medical Healthcare P.C. and previously disclosed that our Company held a variable interest in its predecessor, MD1 Medical Care P.C. Mobile Medical Healthcare P.C. contracts with physicians and other health professionals to provide services to our customers. Mobile Medical Healthcare P.C. is considered a variable interest entity ("VIE") under applicable accounting rules. However, contrary to FP's speculation, not only is this VIE not designed to "hide" losses or liabilities, but its results are consolidated into DocGo's financial statements. As such, DocGo bears the full weight of the financial condition of this VIE. Any comparison of this structure to the fraud perpetrated by Enron is a gross mischaracterization... Regarding the "ABC" liquidation and the incorrect allegation of greater than $100 million liabilities at a DocGo subsidiary, we previously disclosed that DocGo chose to conclude its medical transportation business in California in February 2023 to reallocate our resources to more attractive opportunities. The Company made the decision to implement the liquidation of our California medical transport entity, Ambulnz Health, LLC, through an assignment for the benefit of creditors ("ABC"), in accordance with California law... Regarding DocGo's independent auditor, Urish Popek is an established accounting firm registered with the PCAOB and founded in 1976. It has been engaged by public companies for over three decades, and has been a service provider to DocGo since April 2021. As with many other public companies, the Company also works with a Big Four accounting firm on our internal controls. As DocGo continues to grow in scale and complexity, we will continue to assess our auditing needs and ensure we have the right professionals in place..."
HUGE SHOT

Hot Stocks

07:38 EST FSD Pharma provides update on litigation with GBB Drink Lab - FSD Pharma (HUGE) is providing a statement as an update regarding its litigation with GBB Drink Lab. In May 2023, GBB filed a lawsuit against FSD Pharma alleging a material breach of a mutual nondisclosure agreement and trade secret misappropriation. FSD Pharma has categorically denied these allegations and filed a Motion to Dismiss the lawsuit. On January 8, 2024 the Court denied the Motion to Dismiss. This means only that FSD Pharma will now proceed with discovery, during which it is confident that it will be able to demonstrate not only that GBB's claims have no merit, but that this lawsuit, which baselessly demands $53M from FSD Pharma, is nothing more than an effort to harm FSD Pharma after it decided not to acquire GBB in 2022. After being rebuked by FSD Pharma, GBB subsequently sold its assets to Jupiter Wellness, Inc. for a fraction of what it claims it was worth in its publicly filed Amended Complaint, which then changed its name to Safety Shot (SHOT) and began marketing and selling an alleged alcohol detoxification product. In discovery, FSD Pharma will have the opportunity to demonstrate all of the reasons why it chose not to acquire GBB. FSD Pharma continues to remain concerned about unsubstantiated and misleading public statements made about Safety Shot, Inc.'s product, including the claim that the product "accelerates the process of converting alcohol to sugar in the body," when it is well-recognized and understood by the scientific community that at no point in the process of metabolizing alcohol is it converted into sugar. In addition, Jupiter Wellness, Inc./Safety Shot, Inc. has claimed that its product "lowers blood alcohol content by up to 50% in just thirty minutes," another suspect statement that should be carefully considered by anyone interested in alcohol detoxification products. FSD Pharma remains confident in its legal position, and looks forward to vindicating its rights and exposing GBB and its bully tactics.
PYR

Hot Stocks

07:37 EST PyroGenesis receives $667k non-refundable downpayment under master agreement - PyroGenesis Canada announces that, further to the Company's previous disclosure in the Q3 2023 financial outlook dated November 9, 2023 regarding ongoing negotiations for a contract valued at over $10 million, PyroGenesis has now received a non-refundable down payment totaling $667,252, US$500,000, from a US-based technology company. The Client's name shall remain anonymous for competitive and confidential reasons. This non-refundable down payment is made pursuant to a recently signed Master Agreement between PyroGenesis and the Client and provides for a period of exclusivity until February 15, 2024, during which the Client expects to secure financing and complete a first statement of work with PyroGenesis. "This nonrefundable down payment is a significant step towards concluding the first SOW under the Master Agreement, a contract which anticipates many more SOWs to come," said Mr. P. Peter Pascali, President and CEO of PyroGenesis. "Provided the Client receives adequate financing, this contract has the potential to be a springboard from which PyroGenesis introduces a significant number of plasma torches into the marketplace. These direct sales would have an obvious impact on revenues and profitability, but they would also speak to our strategy to develop ongoing revenue streams from activities such as maintenance and spare parts sales. As industries increasingly seek efficient alternatives to fossil fuel-based systems, PyroGenesis' electric and carbon-free plasma torches continue to be proven as not just a highly suitable alternative, but also a potentially faster and more cost-effective solution."
REKR

Hot Stocks

07:36 EST Rekor Systems partners with Philadelphia Industrial Development Corporation - Rekor Systems announced its Urban Mobility division has achieved a significant milestone in its partnership with the Philadelphia Industrial Development Corporation. What began as a layer of digital within Philadelphia, the sixth largest city in America, has evolved into a formalized, multiyear contract, expanding the collaboration between the two organizations. PIDC initiated testing to analyze traffic patterns and gain critical insights within the 1,200-acre Navy Yard campus. PIDC selected Rekor due to its AI expertise and commitment to creating more innovative, safer cities through roadway intelligence. PIDC utilizes the Vehicle Insite application as part of the Rekor Discover AI-driven traffic analytics platform. This next-generation roadway intelligence solution delivers a real-time understanding of vehicles and traffic flowing through the campus, empowering well-informed decisions that ensure visitors' seamless and enriched experience. PIDC's objectives during the pilot phase were to enhance visibility into road closures, assess construction impact on mobility, and optimize traffic flow during major events. They wanted to deepen their understanding of traffic volume, vehicle type environmental impact, and the efficacy of speed mitigation measures. As part of the initial pilot, Rekor deployed their advanced Edge Series Systems, equipped with powerful processing that leverages AI and machine learning to gather data and transform them into insights across the entire Philadelphia Navy Yard campus. These insights were delivered to PIDC through the Rekor Discover platform. Since the technology's implementation in January 2022, PIDC has gained insights into PNY roadways, benefiting their planning and daily operations. The project has also enabled PIDC to recover costs associated with property damage, prepare for events, proactively manage road maintenance, efficiently deploy resources, strategically plan future electric vehicle charge station deployments, and keep citizens safer on property.
BABYF

Hot Stocks

07:34 EST Else Nutrition's Kids Shakes available via Ontario retail chain - ELSE NUTRITION announced that its Ready-to-Drink Kids Shakes are now available on shelves of a well-known retail chain across Ontario, expanding on the Else product line available at the retailer and marking an important entrance into the Canadian retail market. As previously announced, this prominent Ontario retailer, known for its quality and customer-centric approach, is the first brick-and-mortar retail partner in Canada to feature both the Vanilla and Chocolate flavors of Else's plant-based RTD Kids Shakes. Else's RTD Kids Shakes will be available in over 100 stores of the retailer and we anticipate several Canadian accounts to follow in its wake.
AVEO

Hot Stocks

07:34 EST Aveo Pharmaceuticals enrolls first patient in FIERCE-HN trial - AVEO Oncology announced enrollment of the first patient in the FIERCE-HN trial, a global, multicenter, randomized, double-blind, placebo-controlled, phase 3 clinical trial evaluating ficlatuzumab in combination with ERBITUX, an anti-EGFR antibody, in patients with human papillomavirus-negative recurrent or metastatic head and neck squamous cell carcinoma. Ficlatuzumab is AVEO's investigational antibody that targets hepatocyte growth factor. "The start of enrollment for the pivotal FIERCE-HN trial is an important milestone in the advancement of the combination of ficlatuzumab and cetuximab, as it brings us a step closer to offering a new potential therapy to a patient population that has limited effective treatment options available to them today," said Michael Bailey, president and chief executive officer of AVEO Oncology. "We are excited about the potential to extend the survival for this population of cancer patients where a significant unmet need currently exists."
OCGN PFE

Hot Stocks

07:33 EST Ocugen appoints Bob Smith to business advisory board - Ocugen (OCGN) announced that Bob Smith, former Senior Vice President, Global Gene Therapy Business at Pfizer (PFE), has joined the Company's Business Advisory Board. The BAB was established in June 2023 to assist in driving public/private partnerships with governments around the world; pursuing business collaborations, partnerships, and licensing opportunities; creating awareness of the Company's differentiated capabilities; and promoting access to the Company's therapies around the world.
NCNO

Hot Stocks

07:33 EST nCino selected by Conexus Credit Union to increase automation - nCino announced that Conexus Credit Union has selected nCino's Commercial Banking Solution to increase automation within their business workflows. As part of a single platform, Conexus will also implement nCino's Automated Spreading Solution, which is powered by nCino IQ; and nCino's Portfolio Analytics and Document Management Solutions. "We are dedicated to bringing unparalleled value to our members and the Saskatchewan community at large," said Celina Philpot, CEO at Conexus Credit Union. "We're continuously looking for ways to improve our services and nCino was a clear fit as a partner to help us get to the next level. With nCino, we're excited to further streamline our operations, boost our decision-making processes, help ensure compliance and create a frictionless experience for our employees and members."
AVXL

Hot Stocks

07:32 EST Anavex announces U.S phase 2 trial of ANAVEX 3-71 - Anavex Life Sciences announced the initiation of the U.S. FDA cleared placebo-controlled Phase 2 trial of ANAVEX3-71 for the treatment of schizophrenia, which is expected to begin in Q2 2024. ANAVEX3-71 positive initial Phase 1 results in healthy volunteers were previously reported. The placebo-controlled Phase 2 ANAVEX3-71-SZ-001 study, will consist of two-parts to explore multiple ascending doses in individuals with schizophrenia followed by a 28-day treatment period in a larger cohort. The study will utilize standard clinical outcome measures for schizophrenia including the Positive and Negative Symptoms Scale and novel electrophysiological biomarkers identified by the ERP Biomarker Qualification Consortium for use in schizophrenia clinical trials. "Schizophrenia is a serious mental illness affecting 24 million people worldwide. While current antipsychotic therapies can be effective in managing positive symptoms, like hallucinations and delusions, they may not fully address persistent negative symptoms or cognitive difficulties. Often, available treatments are limited by side effects, e.g., movement disorders, sedation, weight gain, and other metabolic side effects," said Christopher Missling, PhD, President and Chief Executive Officer of Anavex. "We are excited to build on our diverse Precision Medicine Platform, which advanced blarcamesine onto a regulatory pathway for potential treatment of Alzheimer's disease and to now also study ANAVEX3-71, another small molecule from our drug portfolio with selective SIGMAR1 receptor activity as a novel pharmacological approach to potentially provide a new schizophrenia treatment option for patients and their physicians."
SPCB

Hot Stocks

07:31 EST SuperCom announces new project with Canadian industry partner - SuperCom announced a new project win with a Canadian industry partner in the tracking solutions sector. This project marks another milestone in SuperCom's journey, building on the company's successful history of delivering top-tier services and technologies. This new project represents a new chapter in SuperCom's long-standing collaboration with this partner, transitioning from successful collaboration for providing RF-based tracking technology to embracing new GPS technologies. This expansion into new GPS technologies with the state-of-the-art PureOne devices underscores the company's commitment to innovation and ability to adapt to the evolving needs of its clients. The project's initial phase is set to launch in the Q1, with significant potential for expansion in both scale and scope.
HUBC

Hot Stocks

07:29 EST HUB Security appoints Nachman Geva as CTO - HUB Cyber Security announces the strategic appointment of Nachman Geva as its Chief Technology Officer. Geva, a distinguished entrepreneur with over two decades of leadership in high-tech data analytics, now assumes the pivotal role of Chief Technology Officer at HUB Security. His extensive experience encompasses steering efficient teams, launching successful software products, and excelling in Big Data applications, Analytics, Search, Data Warehousing, IoT, and Data Integration.
ERO

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07:28 EST Ero Copper provides construction update for Tucuma Project - Ero Copper provides a construction update for the Tucuma Project, highlighting significant progress since October 2023. With physical completion now at over 85% and production of copper concentrate scheduled to commence in H2 2024, the Company has initiated the transition from construction to commissioning, as outlined below in the 2024 Commissioning Plan. "As we transition from construction to commissioning, the paramount achievement at Tucuma is the outstanding safety performance of our construction team. Marking a significant milestone, we have surpassed three million hours of work without a lost time incident. I extend my heartfelt congratulations to our Project leadership team, as well as the 2,200 employees and contractors on site, for their continued diligence and thoughtful execution in advancing Tucuma towards production," said David Strang, Chief Executive Officer.
GS

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07:28 EST Goldman Sachs reports Q4 FICC revenue $2.03B
GS

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07:28 EST Goldman Sachs reports Q4 ROE 7.1%, ROTE 7.6%
APGOF

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07:25 EST Apollo Silver terminates Arizona Silver District Option to Purchase Agreement - Apollo Silver provides the following operational and corporate update. As part of the 2022 Metallurgical Test Program for the Calico Silver Project, an initial assessment of the quality of barite in the deposit was completed. This initial test work illustrated that a high quality barite concentrate could be produced, warranting a follow up investigation. As a follow-up to these positive results, and in anticipation of adding barite to the mineral resource inventory at Waterloo, further samples have been selected for assay to characterize the distribution of barite in the deposit. HIGHLIGHTS: Concentrate with up to 94.6% barite produced via flotation; Barite concentrate meets or exceeds the standards for chemical and physical specifications for drilling fluids for use in the petroleum industry as defined by the American Petroleum Institute; Further testing now underway includes barite analysis of 79 samples using various assay techniques; and Barite is on the U.S. Geological Survey Critical Minerals List, as it is critical for domestic metallurgical applications in the energy industry. In the 2022 Final List of Critical Minerals, published by the USGS, barite was identified as one of many minerals which "...play a significant role in our national security, economy, renewable energy development and infrastructure." Barite is critical for domestic metallurgical applications in the energy industry, with 90% of the barite sold in the U.S. used as a weighting agent in petroleum drilling. According to the USGS 2022 Mineral Commodity Report, the U.S. has a net import reliance of more than 75% as a percentage of consumption and over half of that total is imported from China/ In 2023, the Company completed two important steps towards including barite in an updated mineral resource estimate for Calico, expected in 2024. As reported on May 2, 2023, results from initial metallurgical test work showed that barite concentrates of up to 94% barite were achieved. In addition, barite quality analysis was completed and confirmed that the barite concentrate produced meets or exceeds the quality requirements for us in the U.S. as set by the API. As a follow up to these positive results and as the next step to adding barite to the mineral resource inventory at Waterloo, the Company has begun a test program designed to determine the optimal assay technique for barite. Using 79 samples distributed across the deposit, barite concentration will be analyzed to determine the best method to use to assay for barite in future test work. Typically, multi-element analytic assay methods under report barium; this program aims to determine the best analytical method for barium in order to then be able to ensure we are reporting the maximum concentration in each sample. Once results of this test work have been completed and the best method is identified, a comprehensive re-assay program of select drilling pulps will be completed, with the goal of then updated the Waterloo mineral resource estimate with the addition of barite. In 1979 ASARCO calculated an estimate of barite in the Waterloo deposit. The estimate reported a total of 33.9 million tonnes of mineralized rock in the deposit at a grade of 13.4% barite for a total of 4.5 million tonnes of barite at a grade of 93%. ASARCO assumed a 50% recovery and a cost of $70 per short ton of barite concentrate. While the junior mining market has remained volatile for some time, Apollo has focused on ensuring it remains well positioned to advance its Calico Silver-Barite asset. The Company has continued to carefully evaluate all capital allocations to ensure it is well positioned to benefit from a rebound in market conditions. With this overriding objective the Company has made the decision to terminate the Arizona Silver District Option to Purchase Agreement, with an effective date of January 15, 2024. Notice has been served to the vendor to this effect. In order to maintain the option to purchase the Langtry portion of the Calico project, the Company has made the required annual option payments of US$25,000 and US$100,000 to Athena Minerals Inc., and Bruce D. Strachan and Elizabeth Strachan Trust, respectively.
GILT

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07:22 EST Gilat Satellite awarded $17M by Pronatel for expansion of a project in Peru - Gilat Satellite Networks announced that the company was awarded a $17M contract by Pronatel for the expansion of a regional telecommunications project in Peru. Through this new activity, Pronatel is expanding the original 2018 agreement with Gilat. In coordination with the Amazonas regional government, Pronatel is expanding the project to include connectivity to 35 new localities and dozens of new public institutions, including schools and health posts, within the Amazonas region of the country. "Now that the necessary infrastructure for the Amazonas region is nearly completed, this expansion with Pronatel will serve the people of the region well as we move into the operational phase of the project in earnest," said Arieh Rohrstock, General Manager Gilat Peru and Gilat's Corporate SVP. "Working together with Pronatel and the regional government, we're proud to provide people more access to resources and information, bridging the digital divide and fulfilling the right of all people to be connected."
MWRK

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07:22 EST MetaWorks Platforms signs agreement to create series of metaverse classes - MetaWorks Platforms announces the signing of a groundbreaking Memorandum of Understanding with a New Jersey-based charter school opening for the 2024/2025 academic year. MetaWorks also announced the nomination of Dr. LeRoi Jones to its advisory board as its senior education advisor. The agreement calls for MetaWorks Platforms and the New Jersey-based charter school to collaborate on the development of a series of classes that leverage AI-powered avatars and chatbots with the Metaverse. Students immersed in AI-powered Metaverse classes will develop critical skills essential for success in the 21st century. These skills include problem-solving, critical thinking, digital literacy, and adaptability-preparing students for the challenges and opportunities of this evolving landscape.
VRSK

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07:21 EST Verisk Analytics forms Verisk Claims Advisory Board - Verisk has formed the Verisk Claims Advisory Board. Comprised of a group of former chief claims officers across the insurance industry, the Board will advise Verisk's Claims Solutions on its innovation roadmap to ensure the company is enriching the claims ecosystem by continuing to streamline client workflows, improve claims management and support superior customer experiences. The Verisk Claims Advisory Board is comprised of the following: Eric Brandt - His current role is President, Second Horizon Solutions, LLC where he is focused on advisory, consultancy and working with nonprofits. Darla Finchum - After spending her entire career in the Property and Casualty industry, Darla Finchum is currently working as an independent consultant and advisor to the industry focusing on insure-tech companies. Grace Hanson - Hanson has held multiple senior claims executive roles where she embedded digital technology and transformed claims operations leveraging data and analytics including, Hippo Analytics' first Chief Claims Officer, Global CCO for Hiscox Plc and CCO of Homesite. Ken Rosen - Ken Rosen is the president & founder of Rosen Consulting Solutions, LLC, an organization focused on the Property & Casualty insurance vertical. Mike Sieger - Sieger retired from Progressive in January 2022, where he served as its Claims President since 2015 and currently serves on several Boards.
TLRY

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07:20 EST Tilray's SweetWater Brewing launches two additions to 'Gummies' line - SweetWater Brewing Company announced the release of two bold additions to the SweetWater Gummies line of brews, its latest run on fruit-flavored, high-alcohol beers. Prepare to ditch the winter blues with Sour Watermelon India Pale Ale and Cherry Limeaid IPA, which are both brewed with real fruit and clock in at 9.5% alcohol-by-volume. SweetWater's progressive brews push the boundaries of flavor with Sour Watermelon IPA features a watermelon candy aroma, a crisp fruity body with a hint of tartness, and a slightly sweet finish. Cherry Limeaid IPA leads with a lime-forward profile, a subtle maraschino cherry aroma, a sweet citrus body, and a hint of candy cherry flavor with a clean, sweet finish.
IDEX CMI

Hot Stocks

07:19 EST Ideanomics' WAVE Charging provides update on 500kW wireless charging system - WAVE Charging, a wholly-owned subsidiary of Ideanomics (IDEX), provided an update on its 500kW ultra-fast wireless charging system developed in conjunction with Cummins and the US Department of Energy. This wireless charging system fully charged a class 8 electric truck in less than 15 minutes in a previously announced series of successful tests, heralding a future where fleet operators could realize near continuous electric vehicle uptime. To illustrate the speed and power of this technology, a typical household in the United States uses approximately 30kWh of electricity per day. A 500kW charger could theoretically supply a day's worth of energy to a home in just 3.6 minutes, or provide a full day's worth of energy to 400 homes. And this energy is transmitted wirelessly at a comparable level of efficiency to wired charging. WAVE has continued development work on the system and work toward its deployment. In partnership with Cummins (CMI), Venture Logistics, and the US Department of Energy it plans to deploy and demonstrate the 500kW wireless inductive charger to move cargo at a Venture Logistics facility in the Midwest. "Our demonstration project with Venture Logistics will show that for medium- and heavy-duty vehicles that demand perpetual operations and require charging infrastructure, wireless charging is the most effective solution at scale," said Robin Mackie, COO of Ideanomics, WAVE's parent company.
EYPT

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07:17 EST EyePoint reports inducement grants under Nasdaq listing rule - EyePoint Pharmaceuticals announced that the Company granted non-statutory stock options to a new employee as an inducement award outside the Company's 2023 Long-Term Incentive Plan in accordance with NASDAQ Listing Rule 5635(c)(4). The Company granted stock options to purchase up to 10,000 shares of EyePoint Pharmaceuticals common stock to one new employee. The stock options were granted on January 12, 2023. The grant was approved by the Compensation Committee and made as an inducement material to the employee entering into employment with EyePoint Pharmaceuticals in accordance with NASDAQ Listing Rule 5635(c)(4). The option award has an exercise price of $22.76 per share, the closing price of EyePoint Pharmaceuticals' common stock on January 12, 2024. The options have a ten-year term and vest over four years, with 25% of the original number of shares vesting on the first anniversary of the applicable employee's date of grant and the remainder vesting in equal monthly installments over the following three years. Vesting of the options is subject to the employee's continued service with EyePoint Pharmaceuticals through the applicable vesting dates.
DPRO

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07:17 EST Draganfly announces agreement with Mass General Brigham - Draganfly announces an agreement with Mass General Brigham to provide drone delivery and solutions for the healthcare system's Home Hospital patients. Home Hospital aims to create a model that enhances the overall patient experience, improves access to essential services, and provides more cost-effective solutions for its patients. "This is an exciting step forward in the healthcare industry that will help to create a better and healthier future for those who need it," said Cameron Chell, President and CEO of Draganfly. "Our drone technology will minimize potential delays in ground transportation, providing a distinct advantage to medication delivery. The speed and convenience these drones can operate underscores their need in the healthcare industry."
RVVTF

Hot Stocks

07:16 EST Revive Therapeutics provides update on bucillamine for nerve agent exposure - Revive Therapeutics announced an update on the Company's project evaluating Bucillamine as a potential treatment for nerve agent exposure with Defence R&D Canada - Suffield Research Centre, an agency of the Canadian Department of National Defence. The Company and the DRDC have finalized the research protocol and expect the project to be completed by the end of Q2-2024. RDC is investigating pharmacological compounds that can mitigate nerve agent induced brain injury. Recent studies have shown that antioxidant compounds such as n-acetylcysteine could be beneficial in limiting seizure activity and improving the anticonvulsant efficacy of GABA-mediating drugs such as diazepam. Bucillamine is a significantly more effective antioxidant than NAC and has the potential to provide increased efficacy against seizure activity while limiting the anticoagulant and bleeding event liability observed with NAC. The overall objective of the research project is to investigate pharmacological means for neuroprotection of GABA receptors, which are required for the effectiveness of currently fielded anticonvulsant therapies. Bucillamine and NAC will be evaluated to determine the effect on GABA receptor endocytosis and the effect on diazepam effectiveness in terminating seizures. Any additional antioxidant effects on seizure activity and survival will also be assessed. The results from this research, if promising, will determine further studies to facilitate Health Canada approval for the use of Bucillamine in nerve agents or organophosphate pesticide poisoning and potentially begin initial studies for efficacy against mild traumatic brain injury caused by concussive or explosive forces. In addition, the Company and the DRDC may determine developing novel formulations of Bucillamine and potentially support the development of the Company's next-generation lyophilized formulation of Bucillamine that was successfully completed at the University of Waterloo.
KLTR

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07:16 EST Kaltura appoints Doherty as Chief Financial Officer - Kaltura announced the appointment of John Doherty as Chief Financial Officer, effective March 1, 2024, succeeding Yaron Garmazi in the role. Doherty will join Kaltura on February 1, 2024, and Garmazi will continue to support him and the Company throughout the second quarter of 2024 as well to provide a smooth transition. Doherty brings more than three decades of financial and operational experience. Most recently he served as Chief Financial Officer and Chief Operating Officer at Magic Leap.
ACRS

Hot Stocks

07:14 EST Aclaris Therapeutics conducting strategic review of business - Aclaris announced that it is conducting a strategic review of its business to determine how to optimally deploy its capital to maximize shareholder return. On a preliminary unaudited basis, as of December 31, 2023, Aclaris' aggregate cash, cash equivalents and marketable securities was approximately $182 million. Aclaris also reiterates the following business plans: ATI-1777: Aclaris is seeking a development and commercialization partner for ATI-1777, its investigational topical "soft" JAK 1/3 inhibitor. Aclaris recently reported positive top-line results from its Phase 2b trial in atopic dermatitis. ATI-2138: Aclaris is assessing the most effective pathway including the lead indication for ATI-2138, its Phase 2 ready investigational oral covalent ITK/JAK3 inhibitor. Aclaris announced positive results from its Phase 1 MAD trial of ATI-2138 in 2023. Discovery: Aclaris plans to continue to advance discovery programs through KINect, its proprietary drug discovery platform.
RIO

Hot Stocks

07:13 EST Rio Tinto reports Q4 Pilbara iron ore production 87.5 Mt, up 2% from last year - Reports Q4 Bauxite production 15.1 Mt, up 0% y/y. Reports Q4 Aluminum production 846 kt, up 9% y/y. Reports Q4 mined Copper 160 kt, up 2% y/y. Tinto Chief Executive Jakob Stausholm said: "We were fatality free for the fifth consecutive year at our managed operations but we remain vigilant and continue to learn from safety incidents. The Group's total copper equivalent production increased by just over 3% from 2022, reflecting the Gudai-Darri mine in the Pilbara reaching its nameplate capacity and deployment of our Safe Production System. We also benefited from our increased ownership in Oyu Tolgoi as the underground ramps up and the Kitimat aluminium smelter returned to full capacity."
ACRS

Hot Stocks

07:13 EST Aclaris Therapeutics CEO Douglas Manion to step down - Aclaris Therapeutics announced leadership changes and that it is undertaking a strategic review of its business. Aclaris and Douglas Manion, M.D. have mutually agreed that Dr. Manion will step down as Aclaris' CEO and President and member of the Board of Directors, effective immediately. In connection with his departure, the Board has appointed Dr. Neal Walker, Aclaris' Chairman of the Board of Directors, as Interim CEO Dr. Walker is a co-founder of Aclaris, has served as a member of the Board of Directors since its inception, and previously served as Aclaris' CEO until 2022.
ARMN

Hot Stocks

07:12 EST Aris Mining reports FY23 gold production of 226,151 ounces - Aris Mining reports 2023 gold production of 226,151 ounces, or oz, from its two operations in Colombia, within the 2023 guidance range of 220,000 to 240,000 oz. The Q4 2023 results provided in this news release are approximate and may differ from the final results to be included in the Company's 2023 annual audited financial statements and MD&A, which the Company expects to release in early March 2024. Neil Woodyer, CEO of Aris Mining, commented "Looking ahead to 2024, we expect total gold production of between 220,000 and 240,000 ounces, which is consistent with our 2023 production rates. We are currently expanding the Segovia processing facility by 50% to 3,000 tonnes per day (tpd), with completion expected by early 2025. We are also building the new Marmato Lower Mine with the first gold pour expected in late 2025. We are targeting to produce approximately 500,000 ounces of gold in Colombia in 2026, following completion of our two expansion projects. We are also continuing to progress permitting at the top-tier Soto Norte gold-copper project and defining a new development plan for our Toroparu Project. During 2024, we plan to invest $21M in exploration programs designed to build on the exploration success and new interpretation at the Segovia Operations which resulted in a 114% increase in mineral resources and 75% increase in gold reserves in 2023."
HOOK EVO

Hot Stocks

07:12 EST Hookipa Pharma appoints WInderlich as Chief Development Officer - HOOKIPA Pharma (HOOK) announced the appointment of Mark Winderlich, PhD, as Chief Development Officer, effective April 1, 2024. Dr. Winderlich has rich experience leading multiple candidates through the drug development process to product approval in the United States and in Europe. Dr. Winderlich joins HOOKIPA from Evotec SE (EVO), where he has served as Executive Vice President, Head of Global Scientific Operations. Dr. Malte Peters will continue to serve as ad interim Senior Clinical Advisor until the effective date. At such time, Dr. Peters will remain on the Company's board of directors as an independent director.
ALLK

Hot Stocks

07:11 EST Allakos announces anticipated milestones - Q1 2024: Complete dosing in the single ascending dose and multiple ascending dose cohorts of the randomized, double-blind, placebo-controlled Phase 1 trial of Intravenous AK006 in healthy volunteers. Q1 2024: Initiate the randomized, double-blind, placebo-controlled subcutaneous AK006 cohort in healthy volunteers. Q2 2024: Report SAD and MAD safety, pharmacokinetics, and pharmacodynamic results from the Phase 1 IV AK006 trial in healthy volunteers, including data to confirm Siglec-6 receptor occupancy in skin biopsy samples. Q2 2024: Initiate the randomized, double-blind, placebo-controlled Phase 1 trial of IV AK006 in patients with chronic spontaneous urticara. Q3 2024: Report subcutaneous AK006 safety, PK, and PD results from the Phase 1 trial in healthy volunteers, including data to confirm Siglec-6 receptor occupancy in skin biopsy samples. Year End 2024: Report topline data from the Phase 1 trial of IV AK006 in patients with CSU.
SEAT

Hot Stocks

07:10 EST Vivid Seats announces partnership with Stockperks - Vivid Seats announced a strategic partnership with Stockperks, the innovative multi-channel marketplace for retail investors. This collaboration aims to amplify retail ownership of Vivid Seats' stock while offering exclusive perks and rewards through the Stockperks platform. "We are excited to continue building our retail investor base through this partnership with Stockperks," said Lawrence Fey, CFO of Vivid Seats. "At Vivid Seats, we already reward loyal fans through our industry leading rewards program. With this partnership, we are excited to reward loyal retail shareholders so they can "Experience it Live" as both shareholders and fans."
BOWL

Hot Stocks

07:09 EST Bowlero acquires Ten Pin in Ohio, terms undisclosed - Bowlero announced the signing of Ten Pin in Hilliard, Ohio, the company's twentieth center acquisition in fiscal 2024. The total FY24 investment in acquisitions thus far, including the 14 Lucky Strike centers is $145.9M. Bowlero Corp. opened Lucky Strike Moorpark in Moorpark, California, northwest of Los Angeles, in December. This is Bowlero's first new build using the Lucky Strike brand since it was acquired in September.
CRGO

Hot Stocks

07:09 EST Freightos reports record 286,900 transactions in Q4 - Freightos reported preliminary Q4 key performance indicators. With 286.9 thousand transactions, Q4 was the 16th consecutive quarter of record #Transactions booked on Freightos' platform, bringing full year transactions to surpass the significant one million transaction milestone, exceeding management expectations for the year. The 36% #Transactions growth from Q4 2022 reflects the ongoing digitalization and platformification of the global freight industry. In 2023, Freightos confirmed itself as a leading platform by powering over a million real-time global freight-rate comparison, booking, and shipment management transactions. Gross Booking Value exceeded management expectations, increasing in the fourth quarter 10% year-on-year as strong #Transactions growth compensated for the reduced freight rates that prevailed in the market for most of the quarter. While disruption to shipping in the Red Sea did drive a rate increase, this only came in the final days of the year. The sustained #Transactions growth is fueled by the marketplace flywheel dynamics, as buyer and seller growth bring additional supply and demand which in turn attract additional buyers and sellers.
REGN SNY

Hot Stocks

07:09 EST Regeneron, Sanofi announce U.S. FDA updated the label for Dupixent - Regeneron Pharmaceuticals (REGN) and Sanofi (SNY) announced that the U.S. Food and Drug Administration, FDA, has updated the label for Dupixent in atopic dermatitis, adding efficacy and safety data for patients aged 12 years and older with atopic dermatitis with uncontrolled moderate-to-severe hand and/or foot involvement. These Phase 3 data are from the first and only trial evaluating a biologic specifically for this difficult-to-treat population and have also been added to the Dupixent label in the European Union, with regulatory submissions underway in additional countries. "We rely heavily on our hands and feet throughout the day, making atopic dermatitis particularly disruptive for patients who experience constant itch and painful cracking and bleeding skin lesions on these critical areas of the body," said George D. Yancopoulos, M.D., Ph.D., Board co-Chair, President and Chief Scientific Officer at Regeneron, and a principal inventor of Dupixent. "Dupixent has been used to treat hundreds of thousands of patients with moderate-to-severe atopic dermatitis around the world since its initial U.S. approval in 2017, and we are pleased that Dupixent is now the first biologic with data in the label supporting its use in this particularly challenging subset of the disease."
ALLK

Hot Stocks

07:09 EST Allakos expects restructuring activities to extend cash runway into mid-2026 - The Company ended the fourth quarter of 2023 with approximately $171 million in cash, cash equivalents and investments. The company estimated cash, cash equivalents and investments at year end 2024 $81M-$86M.
MKL

Hot Stocks

07:08 EST Markel, Foxquilt, announce strategic collaboration - Foxquilt, a North American company specializing in embedded small business insurance technology, is thrilled to announce a strategic and long-term capacity relationship with global specialty insurance provider, Markel. This meaningful collaboration spearheads embedded insurance innovation for more small business owners, agents/brokers, and enterprise partners across North America.
NGNE

Hot Stocks

07:08 EST Neurogene appoints Julie Jordan M.D CMO - Neurogen announced the appointment of Julie Jordan, M.D., as Chief Medical Officer. Dr. Jordan brings to Neurogene over 20 years of industry and clinical expertise involving the design and execution of global clinical trials across multiple development areas, including gene therapy and central nervous system disorders. She most recently served as Chief Medical Officer of Homology Medicines, a clinical-stage company advancing gene therapies for the treatment of rare diseases.
AUVI

Hot Stocks

07:08 EST Applied UV announces receipt of orders in Smart Buildings Technologies division - Applied UV announces significant revenue in its Smart Building Technologies division. Recent strategic investments in LED Supply will yield substantial sales in 2024, with the division poised to contribute $10 million in sales from just three nationally recognized accounts in 2024. With approximately $3M of this $10 million in orders already received from these industry leaders, it is expected that this division will assist in driving AUVI toward positive cash flow. These orders constitute a fraction of AUVI's expected revenues for 2024. Max Munn, CEO of Applied UV Inc., expressed his enthusiasm: "2024 is shaping up to be a landmark year for us. The remarkable progress in our Smart Building Technologies division is not just a testament to our team's hard work but also signals our unwavering commitment to cutting-edge solutions. Our acquisitions in the Smart Building Technologies Division are starting to pay dividends."
ECVT

Hot Stocks

07:07 EST Ecovyst names Kara Thornton as Chief Human Resources Officer - Ecovyst announced that Kara Thornton has been appointed Vice President and Chief Human Resources Officer. Thornton most recently service as Senior Vice President of Human Resources at Neuronetics, a medical device company based in Malvern, Pennsylvania.
LEG

Hot Stocks

07:06 EST Leggett & Platt announces Restructuring Plan - Diversified manufacturer Leggett & Platt announced that it is implementing a Restructuring Plan primarily in its Bedding Products segment and to a lesser extent, in its Furniture, Flooring & Textile Products segment. In response to evolving markets, the Company is taking actions to improve manufacturing and distribution efficiency, advance its product strategy, and further support customer needs. The major Bedding Products initiatives that are part of the Restructuring Plan include: Refocusing Strategy on innovative, higher-value content, driven by customer and end-consumer needs; Optimizing Manufacturing and Distribution Footprint to consolidate certain locations across the Bedding Products segment, reducing manufacturing and distribution footprint of 50 facilities to approximately 30 to 35 facilities. In Furniture, Flooring & Textile Products the company plans to consolidate a small number of production facilities in Home Furniture and Flooring Products to better align capacity with regional demand and drive operating efficiencies. In total, the initiatives are expected to reduce annual sales by approximately $100M and generate $40M-$50M in EBIT benefit on an annualized run-rate basis when fully implemented in late 2025, with some of the benefit starting to be realized in the second half of 2024. Additionally, the company anticipates receiving approximately $60M-$80M in net cash proceeds from the sale of real estate associated with the initiatives, with transactions largely complete by the end of 2025. The company expects to incur restructuring and restructuring-related costs of $65M-$85M, of which approximately half are anticipated to be incurred in 2024 and the remainder in 2025. This includes $30M-$40M in cash costs, the majority of which are anticipated to be incurred in 2024. In the first half of 2024, the company anticipates $20M-$25M of restructuring and restructuring-related costs. The company withdrew the previously stated Total Shareholder Return goal of 1%-14% and financial targets, including revenue growth, EBIT margin, and dividend payout ratio. Revised financial targets will be issued at a future date. In addition, but unrelated to the Restructuring Plan, the company is impairing an estimated $450M of long-lived assets associated with prior year acquisitions in the Bedding Products segment. Prolonged weak demand and changing market dynamics have created disruption and financial instability for some of our customers.
EYEN

Hot Stocks

07:06 EST Eyenovia re-acquires development, commercialization rights to MicroPine - Eyenovia announced that it has re-acquired the rights to MicroPine in the U.S. and Canada. The re-acquisition of MicroPine greatly expands Eyenovia's phase III pipeline and commercial opportunities, as follows: As Eyenovia accelerates its commercial capabilities in 2024 with the expanded launch of MydCombi and the anticipated introduction of APP-13007, MicroPine adds a major late-stage asset in a large market with high unmet medical need; Based upon the Company's internal forecast, by acquiring back the MicroPine rights, the overall asset value of the MicroPine program to Eyenovia more than doubles compared to what the Company would have been eligible to receive under the original license agreement; Eyenovia will work to accelerate the ongoing CHAPERONE phase III trial and engage with FDA to explore options to expedite development and registration of MicroPine; Expands the territories in which the CHAPERONE study may be conducted to support registration as well as the field of potential collaborators to engage for future partnering or strategic discussions. "With the FDA approval of MydCombi for in-office mydriasis, together with our recent announcement that we in-licensed the U.S. commercial rights to APP13007 for post-ocular surgical pain and inflammation from Formosa Pharmaceuticals, our commercialization strategy is accelerating," stated Michael Rowe, chief executive officer of Eyenovia. "We believe the addition of MicroPine, if approved, would be highly complementary to these products." In connection with this transaction, Eyenovia will pay Bausch + Lomb Ireland Limited an upfront payment consisting of $2 million in cash and $3 million in shares of common stock, as well as a low single-digit royalty on Eyenovia's net sales of MicroPine in the United States and Canada.
OFIX

Hot Stocks

07:06 EST Orthofix names Julie Andrews CFO - Orthofix Medical announced that Julie Andrews has officially stepped into the role of Chief Financial Officer, CFO. A seasoned executive, Ms. Andrews previously served as CFO for Smart Wires Technology, a global transmission grid technology company focused on enabling the transition to renewable energy. Prior to this, she was the Senior Vice President, Global Finance for Wright Medical Group, a global medical device company focused on extremities and biologics that was acquired by Stryker in 2020. Ms. Andrews also held roles of increasing responsibility at Medtronic Inc. from 1998 to 2012, including serving as Vice President of Finance for the Spine and Biologics division where she oversaw all FP&A and accounting
QSR TAST

Hot Stocks

07:05 EST Restaurant Brands to acquire Carrols Restaurant for $9.55 per share in cash - Restaurant Brands International (QSR) and Carrols Restaurant Group (TAST) announced that they have reached an agreement for RBI to acquire all of Carrols issued and outstanding shares that are not already held by RBI or its affiliates for $9.55 per share in an all cash transaction, or an aggregate total enterprise value of approximately $1B, representing a 23.1% premium to Carrols 30-day volume-weighted average price as of January 12, 2024 and a 13.4% premium to the January 12, 2024 closing price. A special transaction committee of Carrols' Board of Directors comprised of independent directors unaffiliated with RBI, advised by independent legal and financial advisors, was formed to conduct a deliberate and thoughtful process to evaluate this proposal. Transaction negotiations were led by the Special Committee and following its unanimous recommendation, the Carrols Board of Directors unanimously approved the merger agreement with RBI and agreed to recommend that Carrols stockholders vote to adopt the merger agreement. The definitive merger agreement includes a 30-day "go shop" period that will allow the company to affirmatively solicit alternative proposals from interested parties. The transaction is expected to be completed in the second quarter of 2024 and is subject to expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as well as other customary closing conditions, including approval by the holders of a majority of common stock held by Carrols stockholders excluding shares held by RBI and its affiliates and officers of Carrols in addition to approval by holders of a majority of outstanding common stock of Carrols. The transaction is not subject to a financing contingency and is expected to be financed with cash on hand and term loan debt for which RBI has received a financing commitment. RBI expects the transaction to be approximately neutral to Adjusted Earnings per Share. Net leverage giving effect to the transaction will increase minimally and the Company will remain on track to reach its previously stated net leverage target of mid-four times by the end of 2024. Affiliates of Cambridge Franchise Holdings, LLC, who in aggregate own or control approximately 17% of outstanding Carrols shares and approximately 20% of outstanding Carrols shares held by stockholders unaffiliated with RBI, have entered into a voting agreement pursuant to which they have agreed, among other things, to vote their shares of common stock of Carrols in favor of the transaction.
GOLD

Hot Stocks

07:05 EST Barrick Gold reports preliminary Q4 sales, production of gold, copper - Barrick Gold Corporation reported preliminary full year and fourth quarter 2023 production results. On the back of higher Q4 production, preliminary gold production for the full year of 4.05 million ounces was consistent with our forecast as guided in our third quarter release.1 Preliminary copper production of 420 million pounds for 2023 was within the guidance range of 420 to 470 million pounds. The preliminary Q4 results show sales of 1.04 million ounces of gold and 117 million pounds of copper, as well as preliminary Q4 production of 1.05 million ounces of gold and 113 million pounds of copper. The average market price for gold in Q4 was $1,971 per ounce and the average market price for copper in Q4 was $3.70 per pound. Preliminary Q4 gold production was an improvement on Q3 and was the highest quarter for the year with stronger performances from Cortez, Phoenix and Pueblo Viejo. Preliminary Q4 copper production was in line with Q3, with consistent production across all three sites.
ALLK

Hot Stocks

07:04 EST Allakos announces restructuring to focus on AK006, to reduce staff by 50% - Allakos announced a restructuring to reduce costs and to focus on AK006 clinical development and additional preclinical programs. As a result, the Company's cash runway is expected to extend into mid-2026. The Company will halt lirentelimab-related activities across clinical, manufacturing, research and administrative functions. As a result, the Company will reduce its workforce by approximately 50%.
ALLK

Hot Stocks

07:03 EST Allakos reports Phase 2 lirentelimab trials did not meet primary endpoints - Allakos announced topline data from its phase 2 clinical trial in patients with atopic dermatitis and from its Phase 2b clinical trial in patients with chronic spontaneous urticaria. "We are disappointed that these trials did not meet their primary endpoint, particularly given the need for new treatment options for patients with these severe diseases. Given that neither trial met its primary endpoint, we have decided to not pursue further clinical development of lirentelimab," said Craig Paterson, M.D., Chief Medical Officer of Allakos. "We express our gratitude to all of the clinical trial investigators, site coordinators and patients in these trials." Consistent with previously reported antibody-dependent cellular cytotoxicity activity of lirentelimab on eosinophils, patients treated with lirentelimab showed sustained depletion of blood eosinophil counts. In the ATLAS trial, lirentelimab-treated patients' blood eosinophils decreased by 96% versus placebo-treated patients' blood eosinophils which decreased by 15%. In the MAVERICK trial, lirentelimab-treated patients' blood eosinophils decreased by 95% versus placebo-treated patients' blood eosinophils which increased by 9%. Safety Results Across both trials safety was similar to previous clinical trials of lirentelimab. The most common adverse events were injection-related reactions. In the ATLAS trial, 18.5% of lirentelimab treated patients experienced IRRs versus 6.2% of placebo treated patients. In the MAVERICK trial, 18.2% of lirentelimab treated patients experienced IRRs versus 8.2% of placebo treated patients. Phase 2 ATLAS Trial Design The 14-week, randomized, double-blind, placebo controlled, multicentered trial evaluated the efficacy, safety and tolerability of lirentelimab versus placebo in adult patients with moderate-to-severe atopic dermatitis inadequately controlled by topical medications. 122 patients were randomized 1:1 to receive 300 mg of subcutaneous lirentelimab or placebo once every two weeks.The primary endpoint was the proportion of patients who achieve at least a 75% reduction from baseline in eczema area and severity index at 14 weeks. Phase 2b MAVERICK Trial Design The 12-week, randomized, double-blind, placebo controlled, multicentered trial evaluated the efficacy, safety and tolerability of lirentelimab versus placebo in adult patients with moderate-to-severe chronic spontaneous urticaria refractory to antihistamines. 123 patients were randomized 1:1 to receive 300 mg of subcutaneous lirentelimab or placebo once every two weeks. The primary endpoint was the absolute change from baseline in Urticaria Activity Control-7 at 12 weeks.
QSR TAST

Hot Stocks

07:02 EST Restaurant Brands to acquire Carrols Restaurant for $9.55 per share in cash
JBI

Hot Stocks

06:57 EST Trojan Storage plans to expand its install base of Janus' Noke smart locks - Janus International Group announced Trojan Storage intends to expand its install base of Janus's Noke smart locks across its 43 facilities. Janus and Trojan have partnered to bring Noke smart technology to 5,000 units across nine of Trojan's facilities to date. Janus's Noke Smart Entry system is a complete digital access solution, comprised of keyless smart entry points, smart keypads, and smart electronic locks that fit seamlessly to both roll-up and swing doors. Noke smart locks were built and designed with self-storage owners and customers in mind, helping to improve the security of individual self-storage units, providing a more convenient customer access experience, and automating labor-intensive operational processes like lock checks and overlocking.
ASXC

Hot Stocks

06:56 EST Asensus Surgical: Nagoya University Hospital to use Senhance Surgery System - Asensus Surgical announced that Nagoya University Hospital in Japan has entered into an agreement to lease and utilize a Senhance Surgical System in their Pediatric Surgery Department, at the end of December 2023. This is the first pediatric installation in Japan and the fourth globally for 2023.
ANIP

Hot Stocks

06:52 EST ANI Pharmaceuticals announces FDA approval of ANDA for Indomethacin OS - ANI Pharmaceuticals announced that it received U.S. FDA approval for the Abbreviated New Drug Application for Indomethacin Oral Suspension, USP. ANI's Indomethacin OS is the generic version of the Reference Listed Drug Indocin Oral Suspension. The current annual U.S. market for Indomethacin OS is approximately $4.1M, according to the latest estimates from IQVIA/IMS Health, a healthcare data and analytics provider.
NRXP

Hot Stocks

06:51 EST NRx Pharmaceuticals receives QIDP, fast track designation from FDA for NRX-101 - NRx Pharmaceuticals announced that it has received Qualified Infectious Disease Product, or QIDP, and fast track designation from the FDA for NRX-101 in the treatment of complicated urinary tract infections, or cUTI, and pyelonephritis. Receipt of QIDP designation confers priority review, and five additional years of data-exclusivity to NRX-101's intellectual property position.
DSGX

Hot Stocks

06:49 EST Descartes Systems helps PBO Logistics to expand its business - Descartes Systems Group announced that U.K.-headquartered PBO Logistics has significantly expanded its business with help from Descartes' last mile delivery solution. The Descartes last mile delivery solution allowed PBO Logistics to plan and execute over five-fold the volume of monthly deliveries. Descartes' cloud-based last mile delivery solution helps distribution-intensive companies improve operational efficiency and customer experience. It supports dynamic delivery requirements, including same-day delivery, by offering flexible, efficient and cost-effective time windows and delivery options.
VGZ

Hot Stocks

06:47 EST Vista Gold to undertake several activities in 2024 - Vista plans to undertake the following activities which believes will further add value and minimize risk for shareholders. The Company plans to commence a drill program totaling 6,000-7,000 meters, with the focus to add shallow gold resources at the north end of the Batman deposit. This drilling program is a condition of our previously announced royalty transaction. Management believes that if we are able to convert gold resources to gold reserves this would add substantial value to Mt Todd by improving cash flow as a result of a more constant production profile, reduced stripping, and increased mine life for all development scenarios. Mobilization of the first drill rig is in process and drilling is expected to begin in late January or early February. The proposed drilling is expected to have an all-in cost of approximately $2M and to be completed by year end. Vista plans to leverage the results of the drilling program and prior technical studies by advancing evaluations of staged development scenarios for Mt Todd. The Company's recent $20M royalty transaction provides a solid foundation for our efforts to best realize value for shareholders. It was achieved without equity dilution and places us in a strong financial position as we continue our work with CIBC. Royalty proceeds in December 2023 were $3M. The remaining royalty proceeds totaling $17M are expected to be received by the end of the Q2 . Management plans to maintain similar spending levels for costs of a recurring nature, continue to pursue cost reductions where possible, and leverage prior technical studies for the staged development evaluation. The company plans to publish our first ESG report in the Q1.
VGZ

Hot Stocks

06:44 EST Vista Gold provides strategic update for Mt Todd gold project - Vista Gold provided a strategic update and outlined 2024 priorities for the Company's Mt Todd gold project located in Northern Territory, or NT, Australia. All dollar amounts are in US dollars. Frederick H. Earnest, President and CEO of Vista, commented, "Our top priority in 2024 is realizing value for our shareholders. We believe this can best be accomplished through a strategic transaction at Mt Todd. We continue to work with CIBC Capital Markets to identify and advance interest in Mt Todd and are focused on completing a transaction that maximizes shareholder value. "We believe that work to cost-effectively de-risk and demonstrate the significant value of Mt Todd is integral to our work with CIBC. The drilling program that will commence in the coming weeks is expected to add substantial near-surface gold resources, benefiting the mine production schedule and project cash flows in early years. We believe that alternative development strategies offer valuable optionality as we focus on creating shareholder value and attracting strategic interest in Mt Todd. Our previous work indicates that staged development has the potential to greatly reduce the initial capital requirement, while delivering attractive economic returns and preserving the option for long-term, large-scale production."
CLRB

Hot Stocks

06:41 EST Cellectar announces preclinical data for CLR 121225 - Cellectar Biosciences announced promising preclinical data for its proprietary novel alpha-emitting phospholipid radiotherapeutic conjugate, CLR 121225 an actinium-labeled phospholipid ether, in pancreatic cancer models. The development of this compound will expand the company's clinical pipeline of PLE cancer targeting compounds to include targeted alpha therapies, complementing its beta-emitting phospholipid radiotherapeutic conjugate, iopofosine I 131, which achieved its primary endpoint in the CLOVER WaM pivotal study in highly refractory Waldenstrom's macroglobulinemia patients. Cellectar's PLE platform may provide unique advantages which overcome the issues experienced by existing TAT delivery platforms. While current TAT platforms, such as antibodies and peptides, possess the potential to be effective for treating cancers with low tumor volume, they are challenged to treat higher volume or bulky tumors due to insufficient penetration and the need for high quantities of the target epitope. Cellectar's PLE's possess biochemical properties that enable penetration of the TAT payload deep into the tumor mass and the abundance of lipid rafts on tumor cells provides near universal delivery and enhanced outcomes. In preclinical studies, CLR 121225 demonstrated potent anti-tumor activity in refractory pancreatic cancer mouse xenograft models.
SHEL

Hot Stocks

06:41 EST Shell agrees to sell Nigerian onshore subsidiary SPDC to Renaissance - Shell has reached an agreement to sell its Nigerian onshore subsidiary The Shell Petroleum Development Company of Nigeria Limited, SPDC, to Renaissance, a consortium of five companies comprising four exploration and production companies based in Nigeria and an international energy group. Completion of the transaction is subject to approvals by the Federal Government of Nigeria and other conditions. Transaction will preserve SPDC's operating capabilities for benefit of joint venture. The transaction has been designed to preserve the full range of SPDC's operating capabilities following the change of ownership. Following completion, Shell will retain a role in supporting the management of SPDC JV facilities that supply a major portion of the feed gas to Nigeria LNG, to help Nigeria achieve maximum value from NLNG. "This agreement marks an important milestone for Shell in Nigeria, aligning with our previously announced intent to exit onshore oil production in the Niger Delta, simplifying our portfolio and focusing future disciplined investment in Nigeria on our Deepwater and Integrated Gas positions" said Zoe Yujnovich, Shell's Integrated Gas
HMST

Hot Stocks

06:36 EST FirstSun Capital Bancorp and HomeStreet enter into a definitive merger agreement - FirstSun Capital Bancorp, the holding company of Dallas-based Sunflower Bank, and Seattle-based HomeStreet, the holding company of HomeStreet Bank, jointly announced that they have entered into a definitive merger agreement, which was unanimously approved by the board of directors of both companies. Under the terms of the agreement, HomeStreet and HomeStreet Bank will merge with and into FirstSun and Sunflower Bank, respectively, with HomeStreet Bank continuing to operate under its tradename in its current markets. Under the terms of the agreement, the companies will combine in an all-stock transaction in which HomeStreet shareholders will receive 0.4345 of a share of FirstSun common stock for each share of HomeStreet common stock which represents a value of $14.75 per share representing a 37% premium to the closing price per share of HomeStreet Shares on January 12. The combined entity is expected to be listed on the NASDAQ upon closing. FirstSun also announced that it has entered into investment agreements with investors to raise capital to support the merger, led by Wellington Management. In aggregate, $175M of common stock will be issued to those Investors: $80M of which will be issued to Wellington immediately following today's merger announcement, and (b) the remaining $95M of which will be issued concurrently with, and subject to, closing of the merger. The proceeds of this capital are expected to support the pro forma company's balance sheet, resulting in CET1 of 9%+ pro forma at the consolidated BHC level and 10%+ at the bank level. Upon completion of the merger, the shares issued to HomeStreet shareholders are expected to comprise 22% of the outstanding shares of the combined company, the shares issued to Investors in the common stock issuance are expected to represent 14% of the combined company, and the expected remaining ownership of 64% will be held by legacy FirstSun common shareholders. In the equity capital raise transaction, FirstSun will sell approximately 2.46 million shares of its common stock at an issuance price of $32.50 per share at the announcement of the merger and 2.92 million shares of its common stock at an issuance price of $32.50 per share at the closing of the merger. The parties expect the closing of the merger to occur in the middle of 2024. Stephens served as financial advisor and rendered a fairness opinion to FirstSun's board of directors and Nelson Mullins Riley & Scarborough LLP served as legal counsel to FirstSun. Keefe Bruyette and Woods, A Stifel Company, served as financial advisor and rendered a fairness opinion to HomeStreet's board of directors and Sullivan and Cromwell served as legal counsel to HomeStreet. Schulte, Roth & Zabel served as legal advisor to Wellington Management. Latham & Watkins served as legal advisor to Keefe Bruyette and Woods, A Stifel Company.
VIAO

Hot Stocks

06:34 EST VIA Optronics receives NYSE notice of non-compiance - VIA optronics announced that on December 19, 2023 it received a letter from the New York Stock Exchange notifying the company that it is below the NYSE's continued listing standards due to the trading price of the company's listed shares. The company has notified the NYSE on December 22, 2023 of its intent to cure within the applicable time period. The company's common stock will continue to be listed and trade on the NYSE during the cure period, subject to the company's compliance with other NYSE continued listing standards.
UEC

Hot Stocks

06:32 EST Uranium Energy restarts uranium production at Christensen Ranch in Wyoming - Uranium Energy announced that the company's board of directors has approved restarting uranium production at its fully permitted, and past producing, Christensen Ranch In-Situ Recovery, or ISR, operations in Wyoming. The recovered uranium will be processed at the fully operational Irigaray Central Processing Plant, or CPP, with a current licensed capacity of 2.5M pounds U3O8 per year. The Irigaray CPP is the hub central to four fully permitted ISR projects in the Powder River Basin of Wyoming, including Christensen Ranch. The first production is expected during August of this year and will be funded with existing cash on the company's balance sheet. As UEC's strategy has been to remain 100% unhedged, produced uranium will be sold at prevailing spot market prices which was $106 per pound U3O8 as of January 15 as reported by UxC. In the coming months, the company will provide additional information on the expected volumes for the first year of production. The key focus in the final pre-production phase before the August restart is hiring and training of additional operations personnel to augment UEC's experienced operations team to ensure a successful ramp-up of uranium production. New personnel are anticipated to be hired from local communities such as Buffalo, Gillette, Casper, Kaycee and Wright.
FRGT

Hot Stocks

06:32 EST Freight Technologies secures contract with Kawasaki Motores de Mexico - Freight Technologies proudly announces the execution of a contract with Kawasaki Motores de Mexico for cross-border logistics services. Kawasaki Motores de Mexico, a division of Kawasaki Heavy Industries, Ltd., brings a rich legacy of 120 years of expertise in constructing cutting edge transportation systems for the 21st century. Kawasaki's parent company's commitment to innovation is evident in their development of technologies such as liquid natural gas carriers, high-speed vessels, and other future-oriented marine technologies. As part of this contract, Fr8App is currently orchestrating the cross-border logistics for Kawasaki's iconic Jet Ski models, showcasing the platform's adaptability and efficiency in handling diverse transportation requirements.
STNG

Hot Stocks

06:31 EST Scorpio Tankers to sell an MR Tanker and excercise purchase options on 5 tankers - Scorpio Tankers announced that it has entered into an agreement to sell an MR product tanker, and has exercised the purchase options on five ships. The Company has entered into an agreement to sell the 2015 built MR product tanker, STI Tribeca, for $39.1M. The sale of this vessel is expected to close within the Q1. The Company has given notice to exercise its purchase options on one 2015 built MR product tanker and four 2014 built Handymax product tankers. The purchases, which are expected to occur in the first half of 2024, will result in a debt reduction of $61.1M for the Company.
IREN...

Hot Stocks

06:09 EST Iris Energy signs agreement with Bitmain to increase self-mining capacity - Iris Energy announced it is has entered into an agreement with Bitmain Technologies Delaware which provides a pathway to increase its self-mining capacity up to 20 EH/s in 2024. Key highlights include: Immediate focus on completing current expansion to 10 EH/s; 10 EH/s of new Bitmain T21 miners secured for 2024 at a fixed price of $14/TH1: 1 EH/s additional purchase to initiate growth beyond 10 EH/s; 9 EH/s of miner purchase options exercisable in H2; Childress project can support expansion to 20 EH/s by end of the year. With current operating capacity of 5.6 EH/s, the Company is now purchasing a total of 5.3 EH/s2 from Bitmain, with options to purchase up to an additional 9.1 EH/s3 at a price of $14/TH in H2 2024. If the miner purchase options are exercised in full, overall fleet efficiency for 20 EH/s would improve to 21.9 J/TH.
WISA

Hot Stocks

06:07 EST WiSA Association announces third display licensee of WiSA E software - WiSA Association, a subsidiary of WiSA Technologies, announces its third display licensee of WiSA E software. The licensee, an international TV brand and a top three in global HDTV shipments for 2023, will now be able to provide its consumers with a range of wireless immersive audio options, including full interoperability with any of the WiSA E-enabled speakers offered by the many WiSA Association speaker brands. The 5-year license enables the licensee to incorporate WiSA E wireless immersive audio transmitter technology across all or any of its HDPTV platforms.
WPRT

Hot Stocks

06:07 EST Westport names Dan Sceli CEO - Westport announced Dan Sceli as the company's new CEO and a member of the Westport board of directors. Dan will join Westport as incoming CEO effective immediately, assuming the role from Tony Guglielmin who has supported Westport's leadership team as interim CEO through this transition period. Guglielmin will continue as a member of the Westport board of directors.
EFXT

Hot Stocks

06:07 EST Enerflex sees FY24 CapEx $90M-$110M - Enerflex is targeting a disciplined capital program in 2024, with total capital expenditures of $90M-$110M. This includes a total of approximately $70M for maintenance and PP&E capital expenditures. Investing to expand our Energy Infrastructure business in 2024 is discretionary and will be allocated to customer supported opportunities that are expected to generate attractive returns and deliver value to Enerflex shareholders.
BEEM

Hot Stocks

06:06 EST Beam Global receives $7.4M order from the U.S. Army - Beam Global announced the U.S. Army Corps of Engineers, Army Material Command placed an order for 88 EV ARC sustainable off-grid charging systems. The systems will be deployed across 21 locations in 16 states. The purchase was made through GSA Multiple Award Schedule Contract Number 47QSWA21D0006 which simplifies the federal procurement process and ensures best pricing.
THCH

Hot Stocks

06:04 EST TH International opens first seven Tims China stores in Shanghai Metro stations - TH International announced the opening of the first seven Tims China stores in Shanghai Metro stations. The partnership will be expanded to include more Tims coffee shops in "Line 14" stations.
TSEM

Hot Stocks

06:04 EST Tower Semiconductor announces collaboration with Renesas - Tower Semiconductor announced a collaboration with Renesas, leveraging Tower's high-volume and high-performance SiGe BiCMOS technology to manufacture SiGe-based beamforming ICs. This strategic collaboration underscores Renesas' commitment to innovation as its broad portfolio of beamforming products has already achieved design wins by key worldwide players across 5G, satcom, and Aerospace & Defense markets, positioning the company at the forefront of the industry. Renesas is a global leader in delivering solutions for the telecommunications industry and has made strides in the Satcom and 5G markets through its collaboration with Tower Semiconductor.
GM

Hot Stocks

06:03 EST General Motors, EV Connect expand collaboration - Expanding its collaboration with General Motors, EV Connect announced the availability of Plug and Charge on the EV Connect network through GM vehicle brand apps. GM drivers can now simply plug in and charge their vehicles on the EV Connect network without swiping a payment card or scanning an RFID tag at nearly 200 compatible DC fast chargers nationwide. More Plug and Charge capable charging stations are expected to be added regularly for GM drivers throughout 2024.
SVM

Hot Stocks

06:03 EST Silvercorp Metals to commence dispatching takeover offer for OreCorp - Silvercorp Metals reported that the company will commence dispatching the offer document to the shareholders of OreCorp in relation to Silvercorp's off-market takeover offer for all of the OreCorp shares not already owned by Silvercorp for consideration comprising 0.0967 common shares of Silvercorp and A$0.19 cash per OreCorp share, as described in the company's news release of December 26, 2023. The offer is open for acceptance by OreCorp shareholders until February 23, unless extended. Silvercorp will provide further updates on the transaction as appropriate.
SSRM

Hot Stocks

06:01 EST SSR Mining reports Q4 production 211,100 gold equivalent ounces - SSR Mining reported Q4 consolidated production of approximately 211,100 gold equivalent ounces, delivering FY23 consolidated production of approximately 706,900 gold equivalent ounces and meeting the Company's 2023 production guidance. With these results SSR Mining continues to extend its operational track record, delivering on production guidance targets in 11 of the last 12 years.
HALO RHHBY

Hot Stocks

05:59 EST Halozyme announces Roche receives EC marketing authorization of Tecentriq SC - Halozyme (HALO) announced that Roche (RHHBY) received European Commission, or EC, marketing authorization of Tecentriq SC co-formulated with Enhanze, Halozyme's proprietary recombinant human hyaluronidase enzyme, rHuPH20. The approval applies to all approved indications of Tecentriq IV and represents the European Union's first PD-(L)1 cancer immunotherapy for subcutaneous injection.
VOD MSFT

Hot Stocks

05:57 EST Vodafone to invest $1.5B over 10 years in AI services with Microsoft - Vodafone (VOD) and Microsoft (MSFT) on Tuesday announced a new,10-year strategic partnership that leverages their respective strengths in offering scaled digital platforms to more than 300M businesses, public sector organizations, and consumers across Europe and Africa. Through the partnership, the companies will collaborate to transform Vodafone's customer experience using Microsoft's generative AI; hyperscale Vodafone's managed IoT connectivity platform; develop new digital and financial services for businesses, particularly SMEs across Europe and Africa; and overhaul its global data center cloud strategy. Vodafone will invest $1.5B over the next 10 years in cloud and customer-focused AI services developed in conjunction with Microsoft. Additionally, Microsoft will use Vodafone's fixed and mobile connectivity services. Microsoft also intends to invest in Vodafone's managed IoT connectivity platform, which will become a separate, standalone business by April.
TATT

Hot Stocks

05:52 EST TAT Technologies announces new contract with an international air carrier - TAT Technologies announced a new contract with an international air carrier. This contract is a result of a partnership between the companies over the last several years which led the parties to sign a global fleet contract. As part of this contract, TAT will provide MRO services to the airline's GTCP331 model APUs. TAT estimates total revenues from this contract to be $10M.
STLA

Hot Stocks

05:50 EST Stellantis appoints Carlos Zarlenga as North America COO - Effective February 1, Carlos Zarlenga will replace Mark Stewart as North America COO to leverage further improvements in Stellantis' performance in North America and unleash the iconic American brands portfolio potential in close cooperation with their CEOs. Carlos Zarlenga is a leader with more than a decade of automotive experience in EMEA, Asia Pacific and Latin America. Since he joined Stellantis in 2022 as president of Stellantis Mexico, he has delivered a year-on-year improvement in sales performance, market share and AOI, leading to the best profit level ever recorded in Mexico. Carlos Zarlenga graduated from Universidad de Belgrano - Buenos Aires, Argentina.
GOOG GOOGL

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05:41 EST Worldline, Google announce strategic digital payments partnership - Worldline and Google announced a strategic partnership designed to leverage cloud-based technologies from Google Cloud to take Worldline's digital transformation further. As part of the partnership, Google will also work with Worldline to facilitate online payments for Google's customers in Europe. In addition, both partners will jointly address go-to-market opportunities, and provide new and enhanced digital customer experiences for merchants and financial institutions. As part of the expanded partnership, Worldline will also serve as one of Google's key payment providers in Europe and across a selection of countries. Worldline aims to provide Google customers with more advanced payment options, support for more payment networks, improved cross-border conversion, and a more streamlined customer experience.
IHS

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05:36 EST IHS Holding, Wendel Group agree on corporate government matters - IHS Holding and Wendel Group announced IHS Towers has finalized a settlement agreement with Wendel in relation to ongoing litigation and proposed changes to the company's Articles of Association. As part of the settlement agreement, certain changes to the company's Articles of Association will be proposed for shareholders' approval at the company's annual general meeting, or AGM, for FY24, which the company supports. The proposed changes to the articles include, among other things, a proposed declassification of the company's board in two phases, with the periods extending through AGMs for FY24 and FY25. Following the AGM for fiscal year FY25, all directors will be elected on an annual basis. Additional proposals to be tabled include reducing the threshold for shareholders to nominate directors from 30% currently to 10%, on an individual shareholder basis following the AGM for FY24, and on an aggregate basis following the fiscal year AGM for 2025; reducing the threshold for shareholders to bring business before a general meeting from 30% currently to 10%, on an individual shareholder basis following the AGM for fiscal year 2024 and on an aggregate basis following the AGM for 2025; introducing a new right for holders owning at least 25% of shares to requisition a general meeting following the AGM for fiscal year 2025; and reducing the threshold to remove directors from a special resolution currently to an ordinary resolution, in each case as set out pursuant to the settlement agreement.
SRAD

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05:32 EST Sportradar announces launch of Sportradar FanID - Sportradar announced the launch of Sportradar FanID, a unique, end-to-end first-party marketing solution combining the first data clean room for the sports industry with the company's proprietary marketing activation technology, to offer rightsholders and brands personalized fan engagement in a post-third-party cookie world.
JEF SMFG

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05:31 EST Jefferies Financial Group, Sumitomo Mitsui expand strategic alliance to EMEA - Jefferies Financial Group (JEF) and Sumitomo Mitsui (SMFG) announced that they have signed a memorandum of understanding to further expand their global strategic alliance to now include enhanced collaboration across Europe, the Middle East and Africa, or EMEA, on future corporate and investment banking business opportunities. In support of the initial strategic alliance in 2021, SMBC provided $2.25B in financing to Jefferies and purchased approximately 4.5% of the issued and outstanding common shares of Jefferies. In April 2023 the alliance was further bolstered by SMBC announcing its intention to raise its economic ownership to up to 15% on an as converted and fully diluted basis, which would result in SMBC becoming one of Jefferies' most significant shareholders.
IDCC

Hot Stocks

05:23 EST InterDigital signs new patent license agreement with Samsung Electronics - InterDigital announced that the company has signed a new patent license agreement with Samsung Electronics. The agreement licenses Samsung's digital TVs and computer display monitors under InterDigital's joint licensing program with Sony and includes licenses to key technologies including ATSC 3.0, as well as licenses under InterDigital's patents including HEVC, VVC and Wi-Fi.
JG

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05:22 EST Aurora Mobile partners with Star Charge to promote new energy industry - Aurora Mobile announced that it has signed a strategic agreement with Star Charge, Asia's leading digital energy unicorn. Leveraging its powerful customer engagement platform and multi-channel messaging solution, Aurora Mobile will help Star Charge execute a more precise user outreach strategy and achieve a more efficient message delivery rate.
ACN

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05:18 EST Accenture, SandboxAQ team to deliver AI and quantum computing solutions - Accenture and SandboxAQ are partnering to deliver artificial intelligence, or AI, and quantum computing solutions to help organizations identify and remediate cybersecurity vulnerabilities. Together, Accenture and SandboxAQ will provide AI-enabled cryptographic management leveraging SandboxAQ's Security Suite. The solution will enable organizations to scan all of their files, applications and network traffic to ensure that all of their data is secure even when attackers break through firewalls and network endpoints. The goal is to help companies defend against the growing threat of quantum computing-based decryption attacks, which will only increase as quantum computing continues to advance and pose even greater threats to encryption systems.
MBWM

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05:16 EST Mercantile Bank increases quarterly cash dividend to 35c per share - Mercantile Bank announced that on its board of directors declared a regular quarterly cash dividend of 35c per common share, payable on March 13 to holders of record as of March 1. The 35c cash dividend is approximately 3% and 6% higher than the cash dividends paid during the fourth quarter and first quarter of 2023, respectively.
AMKR GFS

Hot Stocks

05:12 EST Amkor Technology, GlobalFoundries commence partnership in Europe - Amkor Technology (AMKR) and GlobalFoundries (GFS) will officially kick off their strategic partnership in Europe with a ribbon cutting ceremony at Amkor's Porto, Portugal, facility. Since February 2023, GF has transferred 50 tools from its Dresden site to Amkor in Porto, with first customer products being qualified on the newly installed GF tools. To facilitate this collaboration, GF is transferring its 300 mm Bump and Sort lines from its Dresden site to Amkor's IATF 16949 certified Porto plant to establish the first at-scale back-end facility in Europe.