Stockwinners Market Radar for August 09, 2024 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service

18:22 EDT Sprouts Farmers Market director Anderson sells 20,851 common shares - In a regulatory filing, Sprouts Farmers Market director Joel Anderson disclosed the sale of 20,851 common shares of the company on August 9 at a price of $96.1616 per share.

17:31 EDT Lockheed Martin awarded $220M Navy contract modification - Lockheed Martin was awarded a cost-plus-incentive-fee and cost-plus-fixed-fee, unpriced letter contract modification with a not-to-exceed amount of $220M under contract. This effort will support program management, engineering development, systems integration, long lead material, and special tooling and equipment in support of missile and launching platform production for Conventional Prompt Strike. Work under this contract is expected to be completed on July 31, 2028. FY23 Missile Procurement funds in the amount of $980M; FY24 research, development, test, and evaluation funds in the amount of $96.24M and FY24 research, development, test and evaluation funds in the amount of $9.2M, will be obligated upon award. No funds will expire at the end of this fiscal year. This contract is being awarded to the contractor on a sole source basis under 10 U.S. Code 3204(a)(1) and was previously synopsized on the System for Award Management online portal. Strategic Systems Programs is the contracting activity.

17:22 EDT Boeing awarded $2.56B Air Force contract modification - Boeing has been awarded a $2.56B modification to a previously awarded undefinitized contract action, or UCA, for E-7A Rapid Prototyping. The modification is for the definitization of the UCA. Work will be performed in Tukwila, Washington, and is expected to be completed by August 28, 2029. There are no funds being obligated at the time of award. Total cumulative face value of the contract is $2.56B. Hanscom Air Force Base is the contracting activity.

16:41 EDT Hawaiian Electric reports $1.71B loss from wildfire liabilities legal claims - Hawaiian Electric Industries reported a consolidated net loss for Q2 of $1.30B. The results included a $1.71B, or $1.27B after taxes, loss from the accrual of estimated wildfire liabilities from tort-related legal claims, an $82.2M, or $66.1M after taxes, loss from a goodwill impairment at American Savings Bank and $9.8M, or $7.2M after taxes, of other Maui wildfire-related expenses, net of insurance recoveries and deferrals.

16:30 EDT Hawaiian Electric agrees to settle claims related to Maui wildfires - "Last week we announced that HEI, Hawaiian Electric and other defendants had entered into an agreement in principle to settle all tort claims related to the Maui wildfires. The settlement would allow all parties to come together on a path forward. Our board and management team are pleased to have reached this agreement in principle on an expedited basis. We are confident that this settlement represents the best outcome for HEI, as it provides a clear line of sight toward resolution of the wildfire-related tort litigation and increased certainty for our company's path ahead. In the coming months, we will be focused on finalizing the agreement and regaining the strength of our enterprise. Since last August, we have been advancing a strategy designed to support a strong, financially healthy enterprise that will empower a thriving future for Hawaii. Consistent with this approach, HEI has been undertaking a comprehensive review of strategic options for ASB, which is what led us to report a non-cash goodwill impairment for the bank last month. We will continue to take prudent and measured actions to ensure our companies are well positioned to serve our customers and community for the long term," said CEO Scott Seu.

16:12 EDT Humacyte drops 17% as FDA needs more time for ATEV review

16:03 EDT Symbotic acquires Veo Robotics in $8.7M transaction - Symbotic announced it has acquired substantially all of the assets of Veo Robotics, an innovator in intelligent safeguarding for industrial robots. Assets purchased under this agreement include the FreeMove(R) 3D depth-sensing computer vision system for industrial workcells and all related intellectual property. By integrating FreeMove into its robotic warehouse automation system, Symbotic expects to increase productivity with more dynamic, flexible human-machine collaboration. "The innovative FreeMove vision system allows Symbotic to enhance productivity for customers and provide the highest levels of safety in environments where humans interact with robots," said Rick Cohen, Chairman and Chief Executive Officer of Symbotic. "We are pleased to have the former Veo Robotics team join Symbotic where they will continue this exciting work as they bring their talent, expertise, and cutting-edge technology to our company." The $8.7M transaction closed on July 19, 2024.

15:59 EDT Armada Acquisition Corp I trading halted, volatility trading pause

15:40 EDT Pacira trading resumes

15:33 EDT Fitell Corp trading halted, volatility trading pause

15:20 EDT Pacira trading halted, volatility trading pause

13:48 EDT Beyond Meat trading resumes

13:39 EDT Northwest Natural Gas names Raymond Kaszuba CFO - Northwest Natural Holding said it has hired Raymond Kaszuba to serve as the company's senior vice president and Chief Financial Officer effective August 31. aszuba comes to NW Natural Holdings from AmeriGas, where he served most recently as interim president and prior to that as vice president and CFO.

13:32 EDT Microvast exploring strategic alternatives to enhance liquidity - Microvast said it is exploring strategic alternatives to enhance liquidity including the sale of certain U.S. non-core real estate assets. It is also exploring new customer projects in the Americas, including Canada, and "embarking on additional projects in APAC and EMEA that expand our presence in differentiated commercial vehicle markets."

13:16 EDT Genius Group board approves purchase of up to 10M shares by CEO - Genius Group announced that its board has approved the purchase of up to 10M ordinary shares of the company by Founder and CEO Roger James Hamilton. The shares - to be purchased at 105% of the closing price on the prior trading day - will be issued and paid for by a combination of cash and conversion of debt due from the company, and may be executed over one or more tranches as approved by the NYSE. Roger Hamilton, CEO of Genius Group, said: "I founded this company to make a positive impact to humanity through AI powered education. Now that the AI Revolution is fully underway, I believe Genius Group has an extremely bright future as a potential leader in its field. I proposed this additional share purchase to the board to illustrate my ongoing commitment and confidence in Genius Group as its Founder and CEO. I'm grateful that they have approved it, and I look forward to continuing on our growth journey together." The company added: "With regard to the post by Mr. Hamilton on the X platform on August 7, 2024, any commentary regarding potential numbers of students and revenue goals, which had previously been referenced in press releases, is hereby qualified in that the Company confirms that such statements were not intended as and do not constitute financial projections with regard to the Company or its growth."

13:10 EDT Nova Minerals Ltd trading halted, volatility trading pause

13:01 EDT Baker Hughes reports U.S. rig count up 2 to 588 rigs

12:54 EDT Regencell Bioscience Holdings Ltd trading halted, volatility trading pause

12:52 EDT Genius Group LTD trading halted, news pending

12:00 EDT Sweetgreen rises 23.0% - Sweetgreen is up 23.0%, or $6.03 to $32.28.

12:00 EDT Blend Labs rises 32.7% - Blend Labs is up 32.7%, or 88c to $3.57.

12:00 EDT Paragon 28 falls -22.9% - Paragon 28 is down -22.9%, or -$1.90 to $6.41.

11:04 EDT Tevogen says S-1 does not relate to any previously undisclosed dilutive issuance - Tevogen Bio notes that the company filed a Registration Statement on Form S-1 on June 21, which was declared effective by the Securities and Exchange Commission on August 2, to register the issuance of earnout shares and shares underlying outstanding warrants to purchase the company's common stock as well as the resale of shares and warrants by existing securityholders. "Today, Tevogen Bio reaffirms that the registration statement does not relate to any previously undisclosed new issuances of dilutive securities," the company stated. Tevogen CEO Dr. Ryan Saadi stated, "Given the recent volatility across broader stock market indices as well as in Tevogen stock, I want to express management's conviction in the company's strategy and outlook. Our ultimate objective of helping patients and doctors by providing affordable and accessible therapies remains unwavering. Our efficient business model uniquely underscores this objective. I anticipate the company's most recent financing, for up to $50 million, which finalized in July, will allow us to continue to fund existing operations into the future."

10:01 EDT Archer Aviation falls -13.9% - Archer Aviation is down -13.9%, or -56c to $3.44.

10:00 EDT American Vanguard falls -25.0% - American Vanguard is down -25.0%, or -$2.05 to $6.14.

10:00 EDT Blend Labs rises 36.4% - Blend Labs is up 36.4%, or 98c to $3.67.

09:50 EDT Meta Materials trading resumes

09:47 EDT Savers Value Village falls -12.1% - Savers Value Village is down -12.1%, or -$1.17 to $8.51.

09:47 EDT Pitney Bowes rises 28.6% - Pitney Bowes is up 28.6%, or $1.62 to $7.30.

09:47 EDT Evolent Health rises 31.0% - Evolent Health is up 31.0%, or $6.46 to $27.33.

09:40 EDT Prothena trading resumes

09:37 EDT Lockheed Martin delivers first fie C-130J Super Hercules tactical airlifters - A new era of tactical airlift capability for New Zealand has officially begun with Lockheed Martin delivering the first of five C-130J Super Hercules tactical airlifters to the New Zealand Ministry of Defence and New Zealand Defence Force during a ceremony at the Lockheed Martin's facility in Marietta, Georgia, on Aug. 8.

09:30 EDT Prothena trading halted, volatility trading pause

09:17 EDT Conagra Brands acquires FATTY Smoked Meat Sticks - Conagra Brands announced that it has acquired Sweetwood Smoke & Co., maker of FATTY Smoked Meat Sticks. Financial terms were not disclosed.

09:17 EDT Future FinTech appoints Li as CEO - Future Fintech Group announced that its Board of Directors approved the appointment of Hu Li as Chief Executive Officer, President and a member of the Board of the Company, effective August 5, 2024.

09:04 EDT Malibu Boats introduces 2025 Malibu Wakesetter 25 LSV - Malibu Boats announced the launch of the redesigned Malibu Wakesetter 25 LSV, alongside the all-new Malibu Command Center and a brand new, state-of-the-art boat builder tool for the 2025 model year. The excitement starts with the 25 LSV's totally redesigned hull. Boasting stunning new aesthetics, the new hull is deeper, making space for more ballast and under-seat storage, while allowing passengers to sit deeper in the boat. In combination with the 25 LSV's elegant, classic bow up front, passengers are shielded from spray during windy, choppy conditions, ensuring an overall smoother, more comfortable ride.

08:55 EDT Meta Materials trading halted, news pending

08:48 EDT Orbit International terminates contract of SPS president Nabil Radi Abdou - The Company has terminated the employment contract of Nabil Radi Abdou, the President of its subsidiary, Simulator Product Solutions. Mr. Abdou's contract would have expired on December 31, 2024. Abdou's duties and responsibilities, which included overseeing the engineering department of SPS, have been assumed by key members of the SPS management team. In addition, SPS recently hired an individual who holds a BS degree in Electrical Engineering and a PhD degree in Computer Science, who will be assuming the role of Vice President of Engineering at SPS. As part of the acquisition by Orbit in January 2022, Mr. Abdou, through a corporation owned by him, currently owns 19.9% of SPS. His ownership interest, based on a formula in the Operating Agreement signed at that time, is subject to mandatory repurchase by Orbit for $1,300,000 upon termination of Mr. Abdou's employment. This amount is reflected as a liability on Orbit's balance sheet. Mr. Abdou contends he was wrongfully dismissed and has claimed certain amounts he believes are due him under both his Employment Agreement and in connection with the Company's mandatory repurchase obligation under the Operating Agreement. Orbit believes it has abided by the terms of both the Employment Agreement and Operating Agreement and has valid offsets against amounts due to Mr. Abdou because of damages suffered by Orbit as a result of Mr. Abdou's conduct. The parties have commenced discussions in an attempt to avoid litigation.

08:32 EDT Above Food to acquire TRG's Specialty Crop Food Ingredient Division for $34M - Above Food Ingredients has entered into a definitive purchase agreement to acquire the Montana-based Specialty Crop Food Ingredient Division of The Redwood Group, for consideration of $34,000,000 plus working capital, subject to final closing adjustments. Upon the terms and subject to the conditions set forth in the purchase agreement, the consideration payable by the Company in exchange for the Assets will consist of $8,100,000 in cash and 5,600,000 newly issued common shares of Above Food, subject to final closing adjustments and customary closing conditions. The Assets supply high-quality grains, pulses, and specialty crops to customers in over 35 countries in high-growth product categories in both the human and pet food markets. Its vertically integrated model spans from the farm to the consumer, encompassing origination, merchandising, processing, and value-added finishing. The Assets achieve structurally higher margins as a result of its value-added approach, differentiating it from commoditized food and ingredient suppliers, in alignment with Above Food's strategy. In the fiscal year ended December 31, 2023, the Assets generated unaudited revenue of $164 million and an average annual adjusted EBITDA for fiscal years 2021, 2022, and 2023 of $5.3 million. Above Food's Seed-to-Fork approach is central to the Company's strategic positioning, enabling it to maintain control over its entire supply chain, ensuring that its standards for quality, sustainability, safety, and traceability are upheld while sustaining its commitment to regenerative agriculture for the long-term health, resilience, and security of the food supply. By integrating owned production and processing facilities, efficient logistics, and direct distribution channels, Above Food drives strong margins and operational efficiencies.

08:19 EDT Mangoceuticals completes migration to DEA-approved telemedicine platform - Mangoceuticals, or MangoRx, announced the migration to its newly developed DEA-approved telemedicine operating system. This milestone marks a significant advancement in MangoRx's capabilities, reinforcing its commitment to innovation and superior patient care. The new operating system, authorized by the DEA and integrated with Surescripts, allows MangoRx's third-party doctor network to prescribe and offer controlled substances. This approval not only distinguishes MangoRx in the Direct-to-Consumer telemedicine space but also validates the Company's cutting-edge technology and regulatory compliance. The company anticipates making these products available to patients before the end of Q3.

08:16 EDT LiveOne announces total memberships surpass 3.9M - Brad Konkol, Head of Slacker Radio, commented, "We are pleased with our continued growth and extremely enthusiastic regarding the strategic vision of Slacker Radio and LiveOne. Our commitment to building strong B2B partnerships and crafting customizable product offerings for a wide range of businesses remains unwavering. We believe in forging unique, mutually beneficial relationships with both businesses and consumers. By focusing on collaborative opportunities and tailored solutions, we are well-positioned to achieve significant new growth through these strategic initiatives."

08:15 EDT Millicom committee continues to believe Atlas Luxco offer undervalues shares - The company said, "On August 2, 2024, Atlas Luxco S.a r.l. announced it has increased the offer price of its public cash offers from $24.00 to $25.75 per common share and SDR. The independent committee is of the unanimous opinion that the revised offers continue to significantly undervalue Millicom and recommends that shareholders and SDR holders not accept the offers."

08:12 EDT Acasti Pharma sees cash runway into 2Q26 - At June 30, 2024 the Company had cash and cash equivalents of $19.4 million, as compared to $23.0 million, as of March 31, 2024. The Company believes it has sufficient cash to support operations into the second calendar quarter of 2026.

08:04 EDT Monopar Therapeutics announces 1-for-5 reverse stock split - Monopar Therapeutics will effect a 1-for-5 reverse stock split of its outstanding shares of common stock. The company expects that the Reverse Stock Split will become effective at 5:00 pm on Monday August 12 and its common stock will begin trading on a split-adjusted basis at the open of trading on August 13 under the new CUSIP number 61023L207. Monopar's common stock will continue to trade on the NASDAQ Capital Market under the symbol "MNPR". The Reverse Stock Split is an effort to regain compliance with Nasdaq's listing rules. As a result of the Reverse Stock Split, each 5 shares of the Company's issued and outstanding common stock will be automatically combined and converted into one issued and outstanding share of common stock, resulting in the number of outstanding shares of Monopar's common stock being reduced from approximately 17.6 million to approximately 3.5 million immediately following the effectiveness of the Reverse Stock Split. The Reverse Stock Split will affect all holders of shares of our common stock uniformly and each stockholder will hold the same percentage of our common stock outstanding immediately following the reverse stock split as that stockholder held immediately prior to the reverse stock split, except for adjustments that may result from the treatment of fractional shares as described below. The Reverse Stock Split will not affect the number of authorized shares of common stock or the par value of the common stock.

07:57 EDT Lightspeed joins US Foods CHECK business tools - Lightspeed Commerce ( LSPD) announced a new collaboration with US Foods Holding Corp. (USFD), one of the largest foodservice distributors in the United States. Through this collaboration, Lightspeed Restaurant technology will be available throughout US Foods' CHECK Business Tools program, available to thousands of restaurants and food service operators across the United States. This dynamic collaboration will empower ambitious entrepreneurs to accelerate growth, provide exceptional customer experiences, and become go-to destinations in their space.

07:56 EDT Curaleaf to open new medical dispensary in Florida - Curaleaf Holdings announced it will open a new medical dispensary in Florida. Curaleaf Pensacola, located at 2E 9 Mile Rd, Pensacola, FL 32534, will begin welcoming patients on Friday, August 9. The Company's latest expansion in the Sunshine State will increase its retail footprint to 63 retail locations statewide and 149 nationwide.

07:33 EDT TenX Keane addresses trading halt, continues toward combination closing - On August 7, 2024, TenX Keane Acquisition (TENK) was notified by The Nasdaq Stock Market that trading in TenX's securities had been halted for "additional information requested" from the company. The trading halt was imposed following volatility in the trading price and volume of TenX's securities on Wednesday, August 7, 2024. TenX and its advisors have been in contact with representatives of Nasdaq regarding the lifting of the trading halt. While the trading halt is in place, TenX understands that its securities cannot be traded on any other exchange or in the over-the-counter market. On August 8, 2024, Citius Pharmaceuticals (CTXR) announced that the FDA had approved LYMPHIR for the treatment of relapsed or refractory cutaneous T-cell lymphoma after at least one prior systemic therapy. TenX and Citius Pharma are working diligently toward closing and expect it to occur in the near future. The newly combined public company is to be renamed Citius Oncology, Inc. and will continue to trade on the Nasdaq stock exchange under the symbol "CTOR." Pursuant to the business combination agreement, TenX will acquire Citius Pharma's wholly owned subsidiary via a merger, with the newly combined publicly traded company to be named Citius Oncology, Inc. In the transaction, all shares of Citius Pharma's wholly owned subsidiary will be converted into the right to receive common stock of the new public company, Citius Oncology. As a result, upon closing, Citius Pharma will hold approximately 65.6 million shares of common stock of Citius Oncology which will represent approximately 90% of the new public company. As part of the transaction, Citius Pharma will contribute up to $10 million in cash to Citius Oncology to fund transaction expenses and working capital post-closing. An additional 12.75 million existing options will be assumed by Citius Oncology from Citius Pharma's subsidiary.

07:26 EDT Castlelake to purchase $1B in consumer loans through Pagaya network - Pagaya and Castlelake announced an agreement for Castlelake to purchase, subject to certain terms and conditions, an aggregate amount of up to $1B in consumer loans through the Pagaya network. Following satisfaction of the closing conditions, Castlelake will acquire loans on a monthly basis for an initial 12-month term, with the potential for the agreement to be extended for additional loan purchases over time. This transaction expands and diversifies Pagaya's funding capacity, and adds a new, highly strategic funding partner to Pagaya's network of over 120 institutional investors. Funding mechanisms like forward flow represent a step-change in driving capital efficiency, by enabling Pagaya to fund loan originations with minimal use of its own capital.

07:16 EDT Vicinity Motor receives demand letters from RBC, EDC - Vicinity Motor Corp. has received letters from Royal Bank of Canada and Export Development Canada which demand full payment of the outstanding debt balances under their respective credit facilities. Royal Bank has demanded payment by August 19, 2024 and EDC has demanded immediate payment. RBC indebtedness totals $19,202,242 plus C$45,251 and EDC indebtedness totals $8,625,000 plus interest of $54,231. Additional interest, costs, fees and expenses under the credit facilities of the respective Secured Lenders continues to accrue. In addition, the Secured Lenders have provided Vicinity with Notices of Intention to Enforce Security pursuant to subsection 244(1) of the Bankruptcy and Insolvency Act. The Company will engage in discussions with its creditors to evaluate potential solutions to enable the Company to carry on in some form in the future; however, there can be no assurances it will be able to successfully do so. The Secured Lenders may enforce their security and/or a receiver or receiver manager may be appointed. Vicinity intends to pursue all available options afforded by law to resolve these matters while continuing to support its customer base. As disclosed in the Company's publicly filed interim financial statements for the three months ended March 31, 2024, the credit facilities were set be renewed on a yearly basis, at the discretion of the Secured Lenders, on July 16, 2024. The Company had actively been working with Royal Bank and EDC on securing a renewal, but Royal Bank and EDC have exercised their discretion not to renew the credit facilities. As set out in the interim financial statements, as of March 31, 2024 the Company had drawn $17,225,000 under the credit facilities. Additional details about the credit facilities can be found in Note 5 of the interim financial statements. The Vicinity Board of Directors remains committed to navigating these challenges as it turns a corner during a difficult time in the transition to broader electric vehicle adoption, leveraging the Company's position as a respected Canadian EV and transit bus OEM providing significant public benefit. Today there are more than 1,000 Vicinity transit buses in operation across North America and Vicinity recognizes this responsibility to support and maintain the critical transportation infrastructure that allows North America's families to fulfill their travel responsibilities. The Company maintained $77.8 million in assets as of March 31, 2024, including $23.5 million of Property, Plant and Equipment, $28.2 million of Inventory and $4.3 million of cash & cash equivalents. As stated in the Company's publicly filed Management Discussion & Analysis for the three months ended March 31, 2024, the Company has been impacted by continued supply chain impacts to its production efficiency, lower than anticipated demand for the VMC 1200, higher than anticipated working capital requirements to support production backlog and insufficient support from lenders. The Company intends for trading of the Company's common shares to continue on the NASDAQ and TSX Venture Exchange, subject to compliance with applicable exchange requirements.

07:14 EDT Aclara Resources announces updated MRE at Carina Module - Aclara Resources announced an updated mineral resource estimate of the Carina Module, Aclara's ion adsorption clay project located in Goias, Brazil, which reflects an inferred mineral resource of 298 Mt, an increase from the previously reported inferred mineral resource statement of 168Mt on December 12, 2023. Highlights: The inferred mineral resource for the Carina Module is estimated at 298 Mt, which represents a 77% increase compared to the previously reported inferred mineral resource of 168Mt. The estimate of contained amounts of magnetic elements1 increased approximately 69% compared to the amount reported in the 2023 Resource Statement, reflecting an increase in contained heavy rare earths, from 8,240t to 13,470t, and an increase in contained light rare earths, from 49,832t to 84,565t. Rare earth magnetic elements are critical to the production of permanent magnets that are used in electric vehicles and wind turbines. Metallurgical recoveries of rare earths from the Carina Module remain compatible with the technology patented and successfully demonstrated on a pilot scale by Aclara at its pilot plant located in Chile, which is designed to minimize both cost and environmental footprint. The near-surface location of the deposit results in a low strip ratio providing a positive backdrop for low-cost mining operations. Secured two additional mining rights adjacent to its existing mineral rights in the Carina Module through a public bidding process conducted by the Brazilian National Mining Agency. The two new mining rights will enable Aclara to explore new areas in the future and further optimize the design of the Carina Module. Next Steps: Anticipated completion of an updated preliminary economic assessment of the Carina Module in September 2024. Continuation of the Carina Module pre-feasibility study as previously reported in the Company's press release dated May 6, 2024. Completion of a 15,200-meter Phase 2 reverse circulation drill campaign aimed at converting inferred mineral resources to a measured and indicated mineral resources category, which is expected to be completed by Q4 2024. Execution of a metallurgical test campaign during H2 2024 and H1 2025. Sample collections will be obtained through sonic drilling and sent to SGS Lakefield for mineralogical and recovery characterization, to serve as additional inputs for the Carina Module prefeasibility study and to form the basis for a new piloting operation. Installation and operation of a new semi-industrial scale pilot plant in the State of Goias, Brazil during Q2 2025. The piloting operation will be aimed at confirming the processing parameters and final process flowsheet design for the feasibility study, generating a high purity HREE carbonate for separation trials in support of future off-take agreements, and demonstrating to relevant stakeholders the environmental sustainability of the process design.

07:11 EDT ParaZero granted extension to meet Nasdaq's minimum bid price requirement - ParaZero received a letter from Nasdaq notifying the company that it is eligible for an additional 180 calendar day period, or until February 3, 2025, to regain compliance with the Nasdaq's minimum $1 bid price per share requirement. The company was first notified by Nasdaq of its failure to maintain a minimum bid price of $1 per share for 30 consecutive trading days on February 8, 2024, and was given until August 6 to regain compliance. The company did not regain compliance with the minimum $1 bid price per share requirement during the first 180-calendar-day compliance period and submitted a written request to the Nasdaq's staff to afford it an additional 180-day compliance period to cure the deficiency. If at any time before February 3, 2025, the bid price of the company's ordinary shares closes at or above $1 per share for a minimum of 10 consecutive trading days, the company will regain compliance with the Nasdaq Listing Rules, and the matter will be closed.

07:08 EDT Akero Therapeutics sees cash runway into 2H27 - Akero's cash, cash equivalents and short and long-term marketable securities as of June 30, 2024, were $848.3 million. Akero believes that its current cash, cash equivalents, and short- and long-term marketable securities will be sufficient to fund its Phase 3 SYNCHRONY Histology and Real-World studies through readout of their respective primary endpoints and Akero's current operating plan into the second half of 2027.

07:06 EDT Chunghwa CFO Vincent Yu-Shen Chen to leave role, Audrey Wen-Hsin Hsu to succeed - Chunghwa Telecom announced that its board of directors has approved the appointment of a new senior executive VP and CFO. The current CFO, Vincent Yu-Shen Chen, will return to National Chengchi University after his secondment period ends. Audrey Wen-Hsin Hsu from National Taiwan University will take over the position with the new appointment set to take effective on September 1.

07:03 EDT Zentalis CMO Diana Hausman steps down - Zentalis is disclosing that effective August 8, 2024, Diana Hausman, M.D., has stepped down and is no longer serving as the Company's Chief Medical Officer. The Company is conducting a search for a new Chief Medical Officer. Dr. Blackwell will serve as the Company's Interim Chief Medical Officer.

06:49 EDT Enservco sells Colorado assets to HP Oilfied Services for $1.695M - Enservco has sold to HP Oilfield Services certain Colorado based assets of Heat Waves Hot Oil Service, LLC, a wholly owned subsidiary of Enservco. Transaction consideration from HP was $1,695,000, including $1,221,625, in cash and a short-term note of $473,375. The Note will be paid ratably over five months from October 1, 2024 to February 1, 2025. The Transaction's net proceeds are targeted for retirement of debt, specifically borrowings under the Company's Utica Facility. The Company also announced that it is nearing completion of the previously announced acquisition of Buckshot Tucking, LLC with closing expected within days. Sale of Colorado frac water heating assets is consistent with strategy of being less reliant on seasonal-focused business; Net proceeds to be used to pay down certain of the Company's debt obligations, specifically its Utica Facility. Following the pay down, the Company expects to restructure the remaining Utica Facility; Divesting the heating business allows Enservco to redirect its resources, both financial and managerial, towards the transportation and logistics market servicing the broad energy sector; Includes the previously announced and pending Buckshot Acquisition, which is expected to be immediately accretive and strategically transform the Company by entering the logistics market via a business with substantial operational and financial visibility; and The Company will continue to provide both frac water heating and hot oil services across the Marcellus/Utica basins, where last year's Rapid Hot acquisition contributed to significantly improved operating results in the region.

06:25 EDT Global Blue releases monthly tax free shopping business update for July - In Continental Europe, the issued Sales in Store growth rate grew by +12% in July 2024 vs. last year. This growth was led by a +10% increase in the number of shoppers and a +2% average spend per shopper. The deceleration in July's growth rate is largely due to France where, as expected, the pre-Olympic Games preparations and restrictions had a negative impact on activity in Paris. Regarding origin markets, the positive momentum in issued Sales in Store growth is evident across all nationalities. Mainland Chinese Tax Free Spend led with +33% vs. last year, a slight acceleration compared with the +31% progression in Q2. US Tax Free Spend saw a +15% increase, boosted by an increase of +20% in shoppers, while GCC shoppers experienced a +7% growth rate vs. 2023. When examining destination markets, July showed a positive performance across most destinations, with Spain at +25%, Italy at +19%, Germany at +10% and France at -2%. In Asia Pacific, the issued Sales in Store growth rate continues to remain very high, reaching +64% in July 2024, led by a +49% increase in the number of shoppers and a +10% average spend per shopper. The deceleration in July's growth rate is partly due to a stronger basis of comparison in July 2023 vs. Q2'23 and the recent strengthening of the Yen against all major currencies, particularly against the Chinese RMB. Regarding origin markets, the positive momentum in issued Sales in Store growth continued across all nationalities. Mainland Chinese Tax Free Spend led with +97% boosted by an increase of +107% of Mainland Chinese shoppers. In the meantime, North-East Asia Tax Free Spend grew by +76% vs. 2023 and Hong Kong and Taiwan Tax Free Spend experienced a +60% growth rate vs. 2023. When examining destination markets, July showed a positive performance across most destinations, with Japan +103%, South Korea at +44%, and Singapore at -9%.

06:10 EDT AirSculpt Technologies CEO Todd Magazine stepping down, interim CEO named - AirSculpt Technologies announced Todd Magazine has stepped down from his role as CEO and as a member of the Board of Directors of the company. Magazine will serve as an advisor to the company through December 31. Dennis Dean, CFO, has assumed the position of interim CEO until a permanent successor is named.

06:07 EDT 36Kr Holdings CFO Lin Wei resigns, XIan Li succeeds - 36Kr Holdings announced that Lin Wei has resigned from her roles as the company's CFO and member of the Board of Directors for personal reasons, effective August 9. Xiang Li has been appointed as the company's new CFO and director, effective immediately. Li joined 36Kr in 2016 and currently serves as financial director. He has nearly two decades of experience in finance, serving in various positions at Samsung, CNH Australia, Sony Ericsson, and Smith & Nephew before joining 36Kr.

06:05 EDT Big Tree Cloud receives noncompliance notification from Nasdaq - Big Tree Cloud announced that it has received a written notification from Nasdaq, notifying the company that it is not in compliance with the minimum market value of publicly held shares requirement set forth in Nasdaq Listing Rules for continued listing on the Nasdaq Global Market. Nasdaq Listing Rule 5550(b)(2) requires companies to maintain a minimum MVPHS of $15M and Nasdaq Listing Rule 5810(c)(3)(D) provides that the failure to meet the minimum MVPHS requirement exists if the deficiency continues for a period of 30 consecutive business days. Based on the MVPHS of the company for the last 33 consecutive business days, the company did not meet the minimum MVPHS requirement. The notification letter does not impact the company's listing on the Nasdaq Global Market at this time. In accordance with Nasdaq Listing Rule 5810(c)(3)(D), the company is provided 180 calendar days, or until February 1, 2025, to regain compliance with Nasdaq Listing Rule 5550(b)(2). To regain compliance, the company's MVPHS must exceed $15M for a minimum of 10 consecutive business days. In the event the company does not regain compliance by February 1, 2025, the company may be eligible for additional time to regain compliance, or may face delisting.

05:59 EDT Samsung recalls over 1M stoves that started 250 fires, killed pets - Samsung is recalling about 1.12M slide-in electric ranges after hundreds of reports of them being turned on accidentally, leading to fires that injured dozens and killed at least seven pets, the Consumer Product Safety Commission said in a statement on Thursday. Samsung has received over 300 reports of unintentional activation of the front-mounted knobs by humans or pets since 2013. These ranges have been involved in approximately 250 fires. At least 18 fires caused extensive property damage. Approximately 40 injuries have been reported, eight of which required medical attention, and there have been reports of seven fires involving pet deaths. Reference Link

05:21 EDT Nauticus Robotics enters partnership with FAU to test Aquanaut Mark 2 - Nauticus Robotics announced a partnership with Florida Atlantic University, or FAU, for further testing of its flagship underwater vehicle, Aquanaut Mark 2. Nauticus has contracted with FAU to perform Aquanaut Mark 2 vehicle development testing in the protected waters near the university's Institute for Ocean and Systems Engineering Dania Beach facilities as well as in the deeper waters of the Atlantic Ocean. This partnership is expected to result in approximately 90% savings on vehicle development testing. This phase of testing requires both shallow and deeper waters to fully test functionality while maintaining real-time communication via tether for instant feedback. It also provides the opportunity to carry out tetherless missions that simulate operations the Aquanaut vehicle is designed to accomplish. Without this partnership, testing in mid-range water depths would require the use of more expensive ocean-going vessels.

05:10 EDT ASE Technology reports July revenue $1.59M, up 1.7% - Reports July ATM revenue $846M, down 2.4%.