Shares of Fermi Inc (NASDAQ:FRMI, LSE:FRMI) jumped more than 26% on Tuesday after reports that analyst firm JMP Citizens said OpenAI is likely among several counterparties evaluating capacity at the company's Project Matador AI power campus and that a significant deal could be imminent.
JMP Citizens reportedly said that OpenAI has likely been assessing Fermi's capacity at Project Matador and flagged the potential for a major commercial agreement.
Power Metallic Mines Inc (TSX-V:PNPN, FRA:IVV1, OTCQB:PNPNF) has closed a best-efforts private placement raising just over C$28.2 million, including a lead order from mining investor Eric Sprott.
The Vancouver-based company sold 22,583,000 common shares at C$1.25 per share. Sprott, through his holding company 2176423 Ontario Ltd, acquired 1.6 million shares for C$2 million.
Super Micro Computer Inc (NASDAQ:SMCI) shares tumbled more than 17% after the company announced $7 billion in equity and equity-linked financing transactions aimed at funding component purchases to fulfill a surge in AI server orders.
The server maker said it has received approximately $39 billion in orders for its advanced AI servers in recent weeks from more than 20 customers, including its Data Center Building Block Solutions, which it plans to fulfill in future quarters.
Abacus Global Management (NYSE:ABX) has unveiled LifeARC, a proprietary AI-powered platform that generates personalized lifespan models for individuals using medical history, medications, genetics, and biometrics.
The alternative asset manager said LifeARC draws on 20 years of proprietary data to produce individualized longevity projections.
Lisata Therapeutics Inc (NASDAQ:LSTA, FRA:8NE) has agreed to be acquired by privately held Kuva Labs Inc. for $4 per share in cash, plus a contingent value right worth up to an additional $3.00 per share tied to drug development milestones.
Kuva's wholly owned subsidiary Kuva Acquisition Corp launched the tender offer on June 10, with the offer period set to expire July 10, 2026.
Ceres Power Holdings PLC (LSE:CWR, OTC:CPWHF) shares fell 2.4% to 595p after the clean energy technology group raised almost £103 million from investors in a combined institutional placing and retail share offer.
The hydrogen and fuel cell technology developer has secured enough demand to issue 18 million new shares at 570p each, a 6.5% discount to the previous day's close. It will increase the share count by about 9.2%.