Iveric Bio Inc shares climbed 16% to $38.01 on Monday after the US drugmaker agreed to be acquired by Japan's Astellas Pharma for $40 per share in cash or total consideration of about $5.9 billion.
Iveric's primary asset is avacincaptad pegol (ACP) which is currently in trials for treating geographic atrophy, the advanced stage of macular degeneration, a common cause of vision loss in the elderly.
Day One Biopharmaceuticals stock added more than 16% Monday afternoon after the company posted its first-quarter financial results.
The Brisbane, California company reported a cash position of $318.2 million as of March 31, which management believes is sufficient to fund operations into 2025.
SpaceX will spend about $2 billion on developing its Starship rocket program this year, according to the company’s CEO Elon Musk, following up on its first test flight last month which saw the rocket achieve several milestones before exploding about five minutes after liftoff.
During a discussion on Twitter Spaces over the weekend, as reported by CNBC, Musk said he expects Starship’s next flight will reach orbit.
The US Food and Drug Administration (FDA) did not grant its approval to Ascendis Pharma’s experimental hormone disorder therapy, but the company’s stock has soared Monday nonetheless.
The therapy, called TransCon OTH, is designed to treat adult patients with a disorder called hypoparathyroidism, in which the body produces abnormally low levels of parathyroid hormone. This can cause tingling or burning in the fingertips, toes and lips; muscle spasms and other symptoms.
General Motors Company (NYSE:GM) said it has cut hundreds of full-time contract positions mainly from its engineering hub in Detroit.
The cuts were to contract workers from the Detroit car maker’s large product development group, who were terminated over the weekend, Wall Street Journal reported, citing a GM spokeswoman.
Mullen Group (TSX:MTL) announced that it is acquiring B&R Eckel’s Transportation, a transportation and logistics company that provides less-than-truckload, full truckload and general oilfield hauling to the northeastern Alberta region (NEAB).
The value of the transaction, which is scheduled to close on Monday, was not disclosed.
The Super Mario Bros Movie is the first film to make more than $1 billion at the global box office in 2023.
The animated comedy film surpassed 10 figures in estimated worldwide box-office receipts on Sunday, less than a month after it was released in cinemas, according to research firm Comscore as reported by The Wall Street Journal.
Electric vehicle producer Lordstown Motors Corp (NASDAQ:RIDE) may file for bankruptcy and shut down operations after Foxconn Technology told the startup it may abandon a production partnership
The Taiwanese manufacturing company has threatened to withhold funding, according to a security filing Monday, which could drive Ohio-based Lordstown into insolvency. As a result, the company is seeking alternative financing.
Nano-X Imaging (Nanox) shares jumped more than 60% after the medical imaging technology company announced it has received US Food and Drug Administration (FDA) 510(k) clearance for its X-ray technology Nanox.ARC.
Nanox.ARC offers high-powered digital X-ray tubes for 3D tomosynthesis imaging, the company said on Monday.
Enbridge Inc (TSX:ENB) revealed that it has struck a definitive agreement with FortisBC Holdings Inc to acquire the Aitken Creek natural gas storage facility in British Columbia for C$400 million (US$294.68 million).
Aitken Creek Storage is an underground reservoir located 120 kilometers northeast of Fort Saint John. It’s the only underground natural gas storage facility in British Columbia, totaling 77 billion cubic feet of working gas capacity.
Cargojet (TSX:CJT) has reported a year-over-year drop in revenue for the first quarter as the Mississauga, Ontario-based air cargo company was impacted by softening industry trends during the period.
Revenue for the quarter was C$231.9 million, down from C$233.6 million in the year-ago quarter.
Baru Gold Corp is currently pursuing two methods of financing to bring its Sangihe project in Indonesia into production, the company said in an investor update released Monday.
The first is a C$20 million gold prepayment loan led by an Asia-based investment and banking advisory firm. Baru is currently negotiating such a gold loan with several international institutions in Indonesia and elsewhere. The second method is a non-brokered private placement.
SoFi Technologies posted first quarter results that topped expectations on the top and bottom lines on strong year-over-year growth in both members and products.
However, this wasn’t enough to impress investors with shares of the San Francisco-based financial services provider sliding by more than 7% after the market opened on Monday.
Forte Minerals Corp revealed that it has engaged Independent Trading Group (ITG) to provide market-making services.
The Vancouver-based copper and gold exploration company said ITG will be responsible for providing liquidity and depth for Forte Minerals shares.
Years after the $5 Footlong took a bite out of profits, Subway’s latest offering is a $5 billion acquisition financing plan for a different type of customer: private equity firms.
JPMorgan, the bank overseeing the sale of Subway, constructed a financing package meant to make it easier for potential buyers to meet the sandwich chain’s asking price of more than $10 billion.
First Republic Bank (NYSE:FRC)’s deposits are to be taken over by JPMorgan Chase & Co (NYSE:JPM) following a weekend deal brokered by US banking sector regulators after negotiations for a rescue plan failed.
The California Department of Financial Protection and Innovation (DFPI) announced early Monday that regulators have taken possession of the San Francisco-based lender. In a statement, the DFPI said it had appointed the Federal Deposit Insurance Corporation (FDIC) as receiver of First Republic Bank. Following a weekend auction process, the FDIC accepted a bid from JPMorgan Chase Bank, National Association to assume all First Republic Bank’s deposits, including all uninsured deposits, and substantially all its assets.
Plurilock Security Inc, an identity-centric cybersecurity solution provider, posted fiscal year 2022 results that saw its full year revenue jump 75% year-over-year with strong demand emanating from the United States.
For the 12 months ended December 31, 2022, the Victoria, British Columbia-based technology company reported revenue of $64.63 million, compared to $36.62 million for full year ended December 31, 2021.
SinglePoint subsidiary BPA Solutions said over the coming months St Anthony’s School in Atwater, California will be implementing both of BPA Solutions’ products, BOX Pure Air portable air purification units and LifeShield+ ballistic door panels and window shades.
BPA Solutions said this sale was pivotal because St Anthony’s is an Emergency Assistance to Non-Public Schools (EANS)-approved school making use of available EANS funding in California to purchase these products.
MGX Minerals Inc has announced assays from its GC Lithium project in British Columbia.
Notably, the GC occurrence is characterized by subvertical pegmatite dykes 3-7 meters in width. The main dyke exhibits minor offsets by brittle-ductile structures as well as several narrow additional pegmatite dykes, the company said.
Forward Water Technologies Corp (TSX-V:FWTC) told investors that it has licensed specific intellectual property from FUJIFILM Corporation so it can ensure the protection of its water treatment technology platform.
The company said the licensing agreement with FUJIFILM, undertaken by its wholly-owned Forward Water Technologies Inc subsidiary, will help combat the ongoing global water crisis by securing further clean water alternatives.
Vivos Therapeutics (NASDAQ:VVOS) said its recently acquired Preventive Oral Device, known as POD, has been shown to treat and prevent headaches in a clinical observational study, sending the company's shares skyrocketing.
The US Food and Drug Administration (FDA) 510k-cleared device is worn during sleep to treat Temporomandibular Joint Dysfunction and its symptoms such as headaches and face or neck pain.
Real Luck Group Ltd (TSX-V:LUCK, OTCQB:LUKEF) has reported a strong rise in 2022 annual revenue amid increases in active players, new markets and player revenue.
For the year to December 31, 2022, the provider of licensed esports betting, sports betting and casino games delivered revenue of $159,992, up from $25,174 in 2021. It ended the year with player registrations of 137,000, from a negligible base at the end of 2021, with 85% of the player base built in 4Q.
enCore Energy Corp (TSX-V:EU, NYSE-A:EU) told investors it has delivered the first 200,000 pounds of uranium into a five-year agreement reached in 2021 as it executes on its sales delivery commitments under its pipeline-to-production strategy.
The company said the delivery forms part of four contracted uranium sales agreements covering two million pounds U3O8 (uranium), adding that it successfully acquired uranium under favorable pricing terms in 2022 from a third party and delivered it using current spot market pricing indicators to establish the sales price.
When Mark Zuckerberg decided to rename Facebook to Meta in October 2021, it was more than just a rebranding exercise; it was an attempt to stake his claim as supreme leader of the trendy tech thing at the time: The Metaverse.
Such was his conviction that the metaverse was the future that he staked tens of billions of dollars and his company’s reputation on it being the next big thing.
Creso Pharma Ltd (ASX:CPH, OTCQB:COPHF)’s wholly-owned Canadian subsidiary, Mernova Medicinal Inc. has received approval to expand into the Canadian province of Alberta, as well as securing a total of A$553,957 in new purchase orders during the month of April.
Mernova has continued its in-country expansion, following registration approval to become a Cannabis Representative in the province, awarded by the Alberta Gaming, Liquor and Cannabis Commission (AGLC).
Gerd Hoenicke and Charles Mowrey have joined the board at smart building materials firm ClearVue Technologies Ltd (ASX:CPV, OTCQB:CVUEF), brining extensive façade and glazing experience to the company’s executive suite.
The industry leaders have taken up non-executive directorships and will advise on glazing and façade initiatives in pivotal markets like Europe and the US.
Dr John Friend, chief medical officer (CMO) of Kazia Therapeutics Ltd (ASX:KZA, NASDAQ:KZIA) will immediately assume the role of chief executive officer following the resignation of CEO and managing director Dr James Garner.
Dr Friend will also take up the position of MD and join the board in due course. He will continue to be based in New Jersey and will work with Dr Garner in the short term to ensure a healthy transition.
C3 Metals Inc said it has completed the final tranche of its previously-announced non-brokered private placement, raising gross proceeds of $332,000 by issuing 6.64 million company common shares at a price of $0.05 per share. In total, 100 million common shares have been issued in the first and final tranches for total gross proceeds of $5 million. Gross proceeds raised from the offering will be used for exploration expenditures, working capital, and general corporate purposes. All securities issued in connection with the offering will be subject to a hold period of four months plus a day from the dates of issuance and the resale rules of applicable securities legislation. In connection with the first and final tranches of the offering, the company paid certain eligible finder's cash commissions of $93,900.
Westwater Resources Inc announced it will hold a conference call on May 11, 2023, at 11 AM EDT to discuss its financial results for the first quarter of fiscal year 2023 ended March 31, 2023, and to update investors as to progress at its Kellyton graphite plant. Hosting the call will be company CEO Frank Bakker, who will be joined by the company’s executive chair Terence Cryan, and its chief financial officer Steven Cates. Bakker will present an update on construction and recent developments at the Kellyton graphite plant, while Cates will review the financial results and the company’s financial condition. Management will be available for questions as part of the call. Dial-In-Numbers: 1-800-319-4610 (USA and Canada); 1-604-638-5340 (International); Conference ID: Westwater Resources Conference Call.
Fobi AI Inc announced that its third-quarter 2023 interim financial statements and associated management discussion and analysis will be filed on the company’s profile on SEDAR at the end of the business day on May 8, 2023. Fobi will hold a webinar with CEO Rob Anson, CFO Annie Chan, and CRO Colby McKenzie to review the company’s interim financial results and highlights from the interim quarter on May 9, 2023 at 12 PM EDT. Registration for the webinar is here. The company will answer pre-submitted questions at the conclusion of the prepared remarks. Investors are asked to submit their questions in advance to ir@fobi.ai. This press release is available on the Fobi website.
Power Nickel Inc announced that its CEO Terry Lynch will present live at the Battery and Precious Metals Virtual Investor Conference, hosted by http://VirtualInvestorConferences.com, on May 2, 2023, from 2 PM to 2:30 PM EDT at the following link: https://bit.ly/44jNv83. The company said it will be
available for 1x1 meetings May 2nd and 4th from 12 PM to 5 PM. This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event. It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates.
Southern Silver Exploration Corp said it intends to apply to the TSX Venture Exchange for approval to extend the original expiry dates of an aggregate 37,300,477 share purchase warrants. All other terms and conditions of the warrants will remain the same. In accordance with TSXV policies, warrants issued as compensation to brokers and finders will not be extended. The proposed amendments are subject to TSXV approval.
OTC Markets announced that SSB Bancorp Inc has been upgraded to OTCQX from the Pink market. SSB Bancorp began trading on OTCQX under the symbol ‘SSBP’. US investors can find current financial disclosure and Real-Time Level 2 quotes for the company on http://www.otcmarkets.com . The OTCQX Market enables banks to maximize the value of being a public company by providing transparent trading and easy access to company information for shareholders. To qualify for OTCQX, community banks must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws.
Global Energy Metals Corporation announced that pursuant to its stock option plan, the company has granted incentive stock options to purchase up to 2,350,000 Global Energy Metals common shares to employees, consultants, directors and officers of the company. The option grant is the result of the company's annual compensation review and the issuance is made under the stock option plan of the company. Subject to the provisions of the company's stock option plan, the options vest immediately and may be exercised at a price of $0.10 per share for a period of five years from the grant date. The options are subject to the acceptance of the TSX Venture Exchange.
Renforth Resources Inc announced that its CEO Nicole Brewster will present live at the Battery and Precious Metals Virtual Investor Conference, hosted by VirtualInvestorConferences.com, on May 3, 2023, at 2 PM at this link: https://bit.ly/44jNv83. The company said it is available for 1x1 meetings on May 3rd and 8th. This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event. It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates.
Alkaline Fuel Cell Power Corp said, further to the previously announced delay in the filing of its financial statements and accompanying management’s discussion and analysis for the fiscal year ended December 31, 2022, that its audit is progressing and a further update will be provided on or about May 15, 2023. The company said it is also progressing its interim financial statements and accompanying management’s discussion and analysis for the first quarter ended March 30, 2023, and it will provide a further update also on May 15.