Stockwinners Market Radar for March 31, 2023 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service

22:24 EDT Deep Medicine Acquisition, TruGolf announce execution of merger deal - Deep Medicine Acquisition (DMAQ), a publicly traded special purpose acquisition company, and TruGolf announced that they have entered a definitive merger agreement. The transaction reflects an implied enterprise value for TruGolf of $125 million, which includes up to approximately $45 million of contingent consideration if certain milestones are met. The transaction consideration will be paid in newly issued shares of common stock of DMAQ. Upon completion of the transaction, DMAQ will be renamed "TruGolf, Inc." and will be listed on the Nasdaq Stock Market and its shares of common stock will trade under the trading symbol (TRUG).

22:07 EDT Cathie Wood's ARK Investment bought 16.4K shares of Roku today

18:08 EDT Northrop Grumman awarded $153M Missile Defense Agency contract - Northrop Grumman is being issued a $153M not-to-exceed undefinitized contract action to a previously awarded contract to support the development and production of five subscale MBRV-11 vehicles. The value of this contract is increased from $353.79M to $506.79M. Under this modification, the contractor will procure, manufacture, and assemble hardware and perform required testing. NGSC will also support launch vehicle integration, launch execution, and pre- and post-flight activities. The work will be performed in Chandler, Arizona; and Redstone Arsenal, Alabama. The performance period is from March 2023 through September 2027. FY23 research, development, test and evaluations funds will be used on this effort; the initial funding amount is $6.06M. A request for information was posted on SAM.gov and three responses were received. The three responses were evaluated during market research and only one source was identified as able to fulfill the agency's requirement. The Missile Defense Agency is the contracting activity.

18:02 EDT Northrop Grumman awarded $122.61M Army contract modification - Northrop Grumman was awarded a $122.61M modification to contract for tank-training ammunition. Work will be performed in Plymouth, Minnesota, with an estimated completion date of Aug. 19, 2025. Fiscal 2021, 2022 and 2023 procurement of ammunition, Army funds in the amount of $122.61M were obligated at the time of the award. U.S. Army Contracting Command, Rock Island Arsenal, Illinois, is the contracting activity.

17:58 EDT Lockheed Martin awarded $439.46M Army contract - Lockheed Martin was awarded a $439.46M hybrid contract for the manufacture and delivery of air-to-ground missile systems. Bids were solicited via the internet with one received. Work will be performed in Orlando, Florida, with an estimated completion date of Sept. 30, 2025. Fiscal 2021 and 2022 missile procurement, Army funds; fiscal 2021 and 2022 missile procurement, Air Force funds; fiscal 2021 and 2022 weapons procurement, Navy funds; and 2023 Foreign Military Sales funds in the amount of $439.46M were obligated at the time of the award. U.S. Army Contracting Command is the contracting activity.

17:50 EDT Boeing awarded $994M Air Force contract - Boeing was awarded a $994M ceiling, indefinite-delivery/indefinite-quantity, firm-fixed-price contract for C-32A and C-40B/C aircraft contractor logistics support services. This contract provides for program management, aircraft base and depot maintenance, engine maintenance, modifications, and modification support. Work is expected to be completed by March 31, 2033. FY23 operations and maintenance funds in the amount of $1.19Mare being obligated at the time award for the first task order. This contract was a competitive and two offers were received. The Air Force Life Cycle Management Center is the contracting activity.

17:45 EDT BAE Systems awarded $132.49M Navy contract modification - BAE Systems was awarded a $132.49M firm-fixed-price modification to previously awarded contract for MK 41 vertical launching system, or VLS, canister production and ancillary hardware. Work is expected to be completed by November 2025. The Naval Sea Systems Command is the contracting activity.

17:31 EDT Marathon Digital CFO Hugh Gallagher to retire - Marathon Digital announced that CFO Hugh Gallagher has informed the company that he intends to retire effective May 12. The company has initiated an external search for a new CFO.

17:24 EDT Sientra expects to delay 10-K, report 'substantial doubt' as a going concern - Sientra is filing this Notification of Late Filing on Form 12b-25 with respect to is Annual Report on Form 10-K for its fiscal year ended December 31, 2022. The company is unable to file the Annual Report within by the prescribed time period without unreasonable effort or expense because the company needs additional time to complete its financial statement preparation and review process and its assessment of internal control over financial reporting. As a result of the foregoing, the company has not yet completed its year-end reporting procedures required and consequently its independent registered public accounting firm has not yet completed its audit procedures. Based on currently available information, and although the company's assessment has not been completed, the company expects to disclose a material weakness in its internal control over financial reporting at December 31, 2022 based on deficiencies affecting its warranty process. The company also expects to report substantial doubt exists about its ability to continue as a going concern under the standards of ASC Subtopic 205-40, Presentation of Financial Statements-Going Concern within one year after the date that the financial statements are issued. The company expects to file its Annual Report within the 15 calendar day extension provided by Rule 12b-25, but can provide no assurance that it will be able to file by such time.

17:02 EDT OncoCyte to delay filing Annual Report on Form 10-K - Oncocyte announced plans to file a Form 12b-25 with the U.S. SEC regarding its Annual Report on Form 10-K and reports preliminary financial results for the full year ended December 31, 2022. The company is completing its final review of the information required to be presented for the relevant period. The Form 12b-25 provides the company with an additional 15 calendar days to complete its assessment and allows its independent registered public accounting firm extra time to complete its audit of the company's financial statements before filing its Form 10-K reports. The company currently anticipates filing the 2022 Form 10-K as soon as practicable and expects that, in compliance with Rule 12b-25, it will be filed no later than April 17. "The Company continues to work diligently to submit the filing. Turning to our recent performance, we have committed to a strategic shift from a service lab model to a product-driven revenue model with low-cost infrastructure and scalable high-margin distributable content," said Joshua Riggs, CEO. "With a reduced cash burn, we believe this puts us in a better position to support the future of our core products and rapidly deliver on our major milestones ahead. We are confident that a kitted product approach puts our unique technology in the hands of researchers at every level, from pharma to academia, encouraging research on the role of the tumor microenvironment in oncology and transplant graft health and viability."

16:31 EDT Reed's names Joann Tinnelly as interim CFO - Reed's announced that Joann Tinnelly, current Vice President and Corporate Controller of Reed's, was appointed by the Board of Directors to the position of Interim CFO, effective March 31. On March 7, Reed's announced the resignation of Tom Spisak from the role of CFO, effective March 30. Spisak's resignation was not due to any disagreement with the company on any matter, including matters related to the company's operations, policies, practices, financial reporting or controls.

16:08 EDT Swvl updates strategic review process, to delay filing Form 20-F - Swvl announced an update to the previously disclosed strategic review process to explore and evaluate potential strategic alternatives that may be available to the company. The special committee comprised of independent directors of the company's Board of Directors has received indications of interest for potential strategic alternatives which are under evaluation. The company has not set a timetable for completion of the review process and does not intend to comment further with respect to the strategic review process unless and until it determines that additional disclosure is appropriate in the circumstances and in accordance with applicable securities laws. While the company intends to evaluate all options fairly to maximize value for shareholders and other stakeholders, there can be no assurance that the strategic review process will result in any transaction, or if a transaction is undertaken, as to its terms or timing. In addition, continued uncertainty in the global economic environment and volatility in capital markets have impacted Swvl's ability to generate cash from operating activities, fund working capital and service its commitments. Accordingly, due to the company's currently available resources required to prepare the company's audited financial statements and annual report on Form 20-F for the year ended December 31, 2022, the company will not be able to file its 2022 Form 20-F by April 30, 2023. The company intends to file its 2022 Form 20-F as soon as reasonably practicable upon completion of the audit of its 2022 financial statements by the company's independent registered public accounting firm, Grant Thornton Audit and Accounting Limited.

16:01 EDT Minim announces 1-for-25 reverse stock split - Minim announced that the company's Board of Directors has approved a reverse stock split of its shares of common stock at a ratio of 1-for-25. The reverse stock split will become effective at 12:01 a.m. Eastern Time on April 17 and Minim anticipates the company's common stock will open for trading on The Nasdaq Capital Market on a post-split basis on April 17 under the company's existing trading symbol, "MINM."

15:05 EDT Boeing announces $184M upgrade contract with Air Force - Boeing announced it will enhance the KC-46A advanced communications capabilities through a Block 1 upgrade under a $184M contract awarded by the U.S. Air Force. Upgrades include line-of-sight and beyond-line-of-sight communications technologies with antijamming and encryption features, the company said in a statement.

14:51 EDT Teamsters says Republic Services workers in Arizona vote to join union - Workers at Republic Services in Mesa, Ariz., have voted for representation with Teamsters Local 104 in Phoenix, the union announced. "The 62-worker group includes commercial and residential drivers who are seeking higher pay, affordable health care, improved safety, better working conditions, and respect," the union stated in a press release.

14:38 EDT New York Community turns negative after Bloomberg report on FDIC sale plan

13:38 EDT XPeng to begin rollout of XNGP Advanced Driver Assistance System in China - Xpeng will begin the rollout of its XNGP Advanced Driver Assistance System to eligible customers in China beginning on March 31. XPENG G9 Max and P7i Max customers in Guangzhou, Shenzhen and Shanghai will receive XNGP via Over-the-Air update. The second phase of XNGP's rollout is planned for 2H 2023.

13:01 EDT Baker Hughes reports U.S. rig count down 3 to 755 rigs

12:11 EDT Agnico Eagle completes acquisition of Yamana Gold's Canadian assets - Agnico Eagle Mines Limited (AEM) announced the successful completion of the previously announced plan of arrangement pursuant to which Agnico Eagle has acquired certain subsidiaries and partnerships which hold Yamana Gold Inc.'s (AUY) interests in its Canadian assets, including the Canadian Malartic mine. As part of the arrangement, Pan American Silver Corp. (PAAS) has acquired all the issued and outstanding common shares of Yamana. With the completion of the arrangement, the company now owns 100% of the Canadian Malartic mine, 100% of the Wasamac project located in the Abitibi region of Quebec and several other exploration properties located in Ontario and Manitoba. The company's 2023 production and costs guidance, which assumed 50% ownership of Canadian Malartic for the first three months of 2023 and 100% ownership for the last nine months of the year, is in line with the actual completion date of the arrangement.

12:00 EDT ProShares UltraShort Bloomberg Natural Gas falls -7.7% - ProShares UltraShort Bloomberg Natural Gas is down -7.7%, or -$6.10 to $72.99.

12:00 EDT BlackBerry rises 14.8% - BlackBerry is up 14.8%, or 59c to $4.59.

12:00 EDT IonQ rises 29.9% - IonQ is up 29.9%, or $1.52 to $6.60.

11:49 EDT Burford Capital trading resumes

11:04 EDT Broadway Financial CEO Brian Argrett to add board chair role - Broadway Financial announced that its Board of Directors unanimously elected President and CEO Brian Argrett to the role of Board Chair of both Broadway and the Bank, effective April 1, 2023. The Board of Directors also unanimously elected current Board Chair Wayne-Kent Bradshaw as Vice Chair and reelected Marie Johns as Lead Independent Director.

10:40 EDT Justice Department sues Norfolk Southern over Ohio train derailment - On behalf of the Environmental Protection Agency and in coordination with the U.S. Attorney's Office for the Northern District of Ohio, the Justice Department's Environment and Natural Resources Division announced a complaint against Norfolk Southern related to the Feb. 3, derailment in East Palestine, Ohio. The complaint seeks penalties and injunctive relief "for the unlawful discharge of pollutants, oil, and hazardous substances under the Clean Water Act, and declaratory judgment on liability for past and future costs under the Comprehensive Environmental Response, Compensation, and Liability Act." The EPA and other federal agencies continue to investigate the circumstances leading up to and following the derailment, the agency said in a statement. "The United States will pursue further actions as warranted in the future as its investigatory work proceeds," it added. Reference Link

10:25 EDT Pan American Silver completes acquisition of Yamana Gold - Pan American Silver Corp. (PAAS)) and Yamana Gold Inc. (AUY) announced that Pan American has completed its previously announced acquisition of all of the issued and outstanding common shares of Yamana, following the sale by Yamana of its Canadian assets, including certain subsidiaries and partnerships which hold Yamana's interests in the Canadian Malartic mine, to Agnico Eagle Mines Limited ("Agnico Eagle"), by way of a plan of arrangement under the Canada Business Corporations Act. "This acquisition is transformative for Pan American, significantly increasing the scale of our operations in Latin America where we have been operating for nearly three decades," said Michael Steinmann, President and CEO of Pan American. Pan American plans to provide a 2023 operating outlook inclusive of the Latin American assets acquired through the Arrangement, as well as a consolidated forecast for annual general and administrative, exploration and project development costs, in the mid-second quarter of 2023.

10:06 EDT Terreno Realty acquires industrial property in California for $186M - Terreno Realty acquired an industrial property located in Newark, California on March 30 for a purchase price of approximately $186M.

10:03 EDT National Bankshares receives withdrawal of Driver Management nominees - National Bankshares announced that Driver Management Company has withdrawn its nominees for the Company's Board of Directors. The withdrawal of Driver's nominees is not the result of any concessions by the Company or negotiated settlement with Driver. Shareholders will receive further information and an updated proxy card in the coming days. The Company urges investors to support the four nominees up for reelection to the Board and to vote in favor of the stock incentive plan on the ballot at the Annual Meeting of Shareholders to be held on May 9, 2023.

10:02 EDT NSTS Bancorp announces stock repurchase program - NSTS Bancorp announced that its Board of Directors has approved a stock repurchase program that authorizes the company o repurchase up to 269,898 shares of common stock.

10:00 EDT ProShares UltraShort Bloomberg Natural Gas falls -8.6% - ProShares UltraShort Bloomberg Natural Gas is down -8.6%, or -$6.79 to $72.31.

10:00 EDT Center Coast MLP rises 7.5% - Center Coast MLP is up 7.5%, or $1.31 to $18.68.

10:00 EDT IonQ rises 21.9% - IonQ is up 21.9%, or $1.11 to $6.19.

09:47 EDT Generac falls -5.6% - Generac is down -5.6%, or -$6.22 to $105.75.

09:47 EDT ProShares UltraShort Bloomberg Natural Gas falls -7.6% - ProShares UltraShort Bloomberg Natural Gas is down -7.6%, or -$6.04 to $73.05.

09:47 EDT Center Coast MLP rises 8.8% - Center Coast MLP is up 8.8%, or $1.53 to $18.90.

09:45 EDT Verizon Public Sector wins FENS contract worth over $2B - Verizon Public Sector announced a 15-year critical infrastructure contract with the Federal Aviation Administration worth over $2B to design, build, operate and maintain the FAA's next-generation communications platform. Under the terms of the Federal Aviation Administration Enterprise Network Services, or FENS, contract, Verizon will build the FAA an enterprise network to support all of the agency's mission critical applications across the National Airspace System, which includes providing Air Traffic Management to more than 45,000 flights and 2.9 million airline passengers traveling across the more than 29 million square miles that make up the U.S. national airspace system.

09:41 EDT Micromobility.com announces expansion into ecommerce and retail - micromobility.com announced the introduction of its ecommerce platform and the upcoming establishment of a chain of brick-and-mortar stores, commencing with its flagship location in Soho, New York City. Salvatore Palella, CEO of micromobility.com Inc., stated: "Our diversification into the retail sector empowers us to directly connect with consumers, comprehend their needs, and deliver a distinctive, customized shopping experience while addressing the challenges of customer support within the micromobility industry. This strategic move also positions us to secure a substantial portion of the expanding $186.2B micromobility market."

09:40 EDT Gorilla Technology Group Inc trading resumes

09:38 EDT Ensysce Biosciences trading resumes

09:35 EDT Gorilla Technology Group Inc trading halted, volatility trading pause

09:33 EDT AnPac Bio Medical Science Company trading halted, volatility trading pause

09:32 EDT Rogers Communications sees 2023 service revenue up 26%-30% - Rogers Communications announced an update to its 2023 financial guidance ranges originally provided on February 2, 2023 to give effect to its anticipated acquisition of Shaw Communications Inc. Sees adjusted EBITDA up 31%-35%. Sees capex $3.7B-$3.9B. Sees FCF $2B-$2.2B.

09:31 EDT Rogers Communications, Shaw Communications to proceed with merger - Rogers Communications Inc. and Shaw Communications Inc. announced their historic merger is expected to close prior to the outside date of April 7, 2023 after receiving final regulatory approval. These merger commitments build on the two companies' 50+ years of investing in Canada and Canadians. Over the past 10 years alone, Rogers and Shaw have invested over $40 billion building the world-class networks of the combined company. The Rogers-Shaw merger builds on the deep investment legacies of JR Shaw and Ted Rogers, two of Canada's greatest entrepreneurs. Rogers reaffirmed the company's merger commitments, including: Investing $1 billion to improve connectivity for rural, remote, and Indigenous communities and unserved remote highways in Western Canada; Investing $2.5 billion to expand and upgrade Rogers 5G network for consumers and businesses in Western Canada; Investing $3 billion in technology and network services in Western Canada, including modernizing and expanding fibre-powered internet; Creating 3,000 new jobs in Western Canada to support the multi-billion-dollar investment in networks, services, and technology; Maintaining a Western Canada headquarters in Calgary; Expanding our low-cost Connected for Success Internet program to eligible Canadians across Western Canada; Introducing a new low-cost Connected for Success wireless program nation-wide for eligible Canadians; Honouring a five-year price commitment for Shaw Mobile customers

09:30 EDT Rogers, Shaw, Quebecor to close pro-competitive transactions - After receiving federal government approval, Rogers Communications Inc., Shaw Communications Inc., and Quebecor Inc. announced that they plan to close the pro-competitive transactions expeditiously/ The three companies, along with the Shaw Family Living Trust, have agreed to extend the outside date of the acquisition of Freedom Mobile by Videotron Ltd., a wholly-owned subsidiary of Quebecor and the closing of the merger of Rogers and Shaw to April 7, 2023 and expect the transactions to close by that date. The announcement follows approval of the transfer of Shaw's wireless spectrum licences to Videotron by the Minister of Innovation, Science and Industry. This was the final regulatory approval required to enable the Freedom Transaction and the Rogers-Shaw Merger. The Transactions have now received all required shareholder and regulatory approvals and remain subject to customary closing conditions.

09:22 EDT Aclara Resources president Rodrigo Ceballos resigns - Aclara Resources announces that Rodrigo Ceballos has tendered his resignation from the position of President and General Manager of the Company to pursue another opportunity. The Company has already made significant progress in its search for a qualified candidate to succeed Mr. Ceballos and will provide further information as it becomes available.

09:02 EDT AerCap signs leases with PT Rusky Aero Indonesia for two 737-800BCF - AerCap (AER) announced it has signed lease agreements for two 737-800BCF with newly launched cargo airline, PT Rusky Aero Indonesia, operating as Raindo United Services. The first passenger-to-freighter conversion will be completed by Boeing (BA) Shanghai Aviation Services Co., and the second by Taikoo Aircraft Engineering Co. Ltd.

09:01 EDT Stran & Company promotes Browner to Chief Financial Officer - Stran & Company announced the promotion of David Browner to the position of Chief Financial Officer, effective March 27, 2023. Mr. Browner was previously appointed to the position of Interim Chief Financial Officer, effective July 29, 2022. Browner is a long-serving manager of Stran's financial operations with experience and background in accounting, finance, and business. Prior to his appointment as Stran's Interim Chief Financial Officer in July 2022, Browner had served as Stran's Controller since July 2021.

08:58 EDT CRH completes latest phase of share buyback program - CRH has completed the latest phase of its share buyback programme, returning a further $0.3 billion of cash to shareholders. Between 19 December 2022 and 30 March 2023, 5.9 million ordinary shares were repurchased on Euronext Dublin. This brings total cash returned to shareholders under our ongoing share buyback programme to $4.3 billion since its commencement in May 2018. CRH also announces that it has entered into arrangements with UBS A.G., London Branch to repurchase ordinary shares on CRH's behalf for a maximum consideration of $750 million. The Buyback will commence today, 31 March 2023, and will end no later than 29 June 2023. This $750 million tranche is the initial stage of the wider $3 billion programme announced on 2 March 2023. Under the terms of the Buyback, ordinary shares will be repurchased on the London Stock Exchange and/or Euronext Dublin. CRH has entered into non-discretionary instructions with UBS, acting as principal, to conduct the Buyback on its behalf and to make trading decisions under the Buyback independently of CRH in accordance with certain pre-set parameters.

08:38 EDT DigitalOcean dismissed Ernst & Young, hired PwC as certifying accountant - In a regulatory filing, DigitalOcean disclosed: "On March 27, 2023, the Board of Directors of DigitalOcean Holdings, upon the recommendation of the Audit Committee of the Board, dismissed Ernst & Young LLP, or 'EY,' as the company's independent registered public accounting firm, effective immediately. The dismissal was not related to any disagreements with EY on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure. The audit reports of EY on the consolidated financial statements of the company as of and for each of the two most recent fiscal years ended December 31, 2022 and December 31, 2021 did not contain an adverse opinion or a disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope, or accounting principles. During the company's two most recent fiscal years ended December 31, 2022 and December 31, 2021 and the subsequent interim period through March 27, 2023, there were no disagreements with EY on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedures that, if not resolved to EY's satisfaction, would have caused EY to make reference to the subject matter of the disagreement in connection with its reports, and no 'reportable events' as defined in Item 304(a)(1)(v) of Regulation S-K of the Securities and Exchange Commission... On March 27, 2023, the Board, upon the recommendation of the Audit Committee, approved the appointment of PricewaterhouseCoopers LLP, or 'PwC,' as the company's new independent registered public accounting firm for the fiscal year ending December 31, 2023, effective immediately, subject to execution of an engagement letter. During the Company's two most recent fiscal years ended December 31, 2022 and December 31, 2021 and the subsequent interim period through March 27, 2023, neither the company nor anyone acting on its behalf consulted with PwC regarding any of the matters described in Items 304(a)(2)(i) and (ii) of Regulation S-K."

08:36 EDT Clean Energy Technologies scales NG trading operations as China market recovers - Clean Energy Technologies announced it has secured and sold 6.65M cubic meters of natural gas, NG, through its subsidiaries and joint ventures in China for the first quarter of 2023, which totals to approximately USD 2.5 million in sales. Management believes that the NG market has significantly improved compared to the fourth quarter of 2022 when China's economy was battered by COVID lockdowns and restrictions. China's Manufacturing Purchasing Managers Index reached 52.6 in February 2023 from a low of 47.0 in December 2022. In the 2023 Government Work Report, the Chinese government set the economic growth target for 2023 at about 5% and made economic recovery the government's most important task. CETY expects continuous high growth in demand for NG in China and is currently in the process of securing major NG sales contracts for the remainder of the year. Due to the Ukrainian and Russian conflict, NG prices have fluctuated significantly in the past year. To better manage market risk as well as reduce exposure to cyclical factors such as lowered demand due to national holidays or weather, CETY is adjusting its NG strategy to stable higher volume trading in Pipeline Natural Gas rather than opportunistic low volume trading with higher margins in Liquified Natural Gas or Compressed Natural Gas. Kam Mahdi, CETY's CEO said, "Our Natural Gas trading operations and NG pipeline business in China opens cross selling opportunities for CETY products and solutions. As we see an uptick in China's economy returning to normal, we expect even more contribution from this business segment in the near future."

08:33 EDT Else Nutrition submits infant growth study protocol to FDA - The company said, "As part of the pathway to bring its Infant formulation to market under FDA and other authorities approvals, Else concluded two successful preclinical safety studies during 2021 and 2022 on its plant-based infant formula, to demonstrate safety and nutrient bioavailability of the infant formula and its ingredients. The results demonstrated proper growth, similar to dairy-based infant formula, in a neonatal preclinical model, as well as the infant formula protein efficiency and quality. Those are the key two steps out of three, on the path to obtaining the FDA and other regulatory permits to bring the product to market. In February 2023, the Company announced that the Institutional Review Board approved the infant growth study protocol for the testing of the Else Infant Formula. As a final step before initiating the study, the Company has now submitted the infant growth study protocol to the FDA for review and is awaiting the FDA response, as well as a comparator formula availability, currently unavailable due to the continuous infant formula shortage followed by several recent product recalls in the US. In 2023, a second clinical growth study on the healthy toddler population has started as part of the company's plans to continue research activity demonstrating the safety, tolerability, and efficacy of its product range."

08:15 EDT iBio advances anti-CCR8 antibody program to preclinical in vivo testing - iBio announced the progression of its anti-CCR8 antibody immuno-oncology program into preclinical in vivo testing. CCR8, a member of the G protein-coupled receptor, GPCR, family, is expressed by T-regulatory cells that play a crucial role in inducing immunosuppression across various cancer types. iBio employed its patented AI epitope steering platform in the discovery of anti-CCR8 molecules to overcome certain challenges associated with developing antibody-based GPCR-targeting therapeutics. iBio's anti-CCR8 antibody is designed to selectively deplete Tregs, thereby allowing the immune system to effectively destroy cancer cells, without binding to CCR8's closest neighbor, CCR4, significantly reducing the potential for adverse effects and safety issues associated with non-selective CCR8 antibodies. Expressing his enthusiasm for the Company's latest pipeline advancement, Martin Brenner, DVM, Ph.D., iBio's Interim Chief Executive Officer and Chief Scientific Officer, commented, "Selective targeting of CCR8 shows our patented AI technology can successfully be applied to one of the most important drug target classes, and potentially allows us to pursue a range of other high-value GPCR targets in the future. We are pleased to be able to now move our anti-CCR8 molecules into in vivo testing."

08:13 EDT Verses Technologies announces name change to Verses AI - VERSES Technologies announced that further to its March 8, 2023 news release, effective today, March 31, 2023, the Company has changed its name from Verses Technologies Inc. to Verses AI Inc. The new name has been chosen to better reflect the focus of the Company's business. The Company will keep its trading symbol on the NEO Exchange Inc. "VERS".

08:12 EDT Starbox Group announces Starbox AI Personalized and Guidance Engine - Starbox Group Holdings announced the Starbox AI Personalized and Guidance Engine, which is built upon the Starbox AI Calculation Engine introduced earlier in March 2023 and ChatGPT. This Engine is designed to improve merchants' business operations and enhance retail merchants' experiences by offering personalized recommendations and guidance. The technology of the Engine allows Starbox to analyze a vast amount of user data to provide personalized recommendations and guidance to each individual merchant. Its AI-powered capabilities enable it to constantly learn and adapt to the user's preferences, making the experience more accurate and relevant with each interaction.

08:10 EDT NewAmsterdam expects cash to fund operations through 2026 - Based on its current operating and development plans, NewAmsterdam believes that its existing cash, cash equivalents and available-for-sale securities will fund operations through 2026, beyond the readout of its three ongoing Phase 3 trials, BROADWAY, BROOKLYN and PREVAIL.

08:09 EDT Mullen Automotive, Randy Marion deliver first class 1 EV cargo vans to MGT - Mullen Automotive announces that class 1 EV cargo vans have been delivered to MGT Company, MGT, in Highpoint, North Carolina, with the vehicle order fulfilled by Randy Marion Automotive Group. Mullen announces MGT as one of its first commercial EV fleet customers. MGT is a growing commercial vehicle sales and leasing company with annual revenue of over $70 million in 2022 and $100 million projected for 2023. MGT's primary customer base focuses on last mile segments, such as package delivery and retail, and vocations such as plumbing and electrician. MGT currently provides commercial vehicle sales and leasing across all major OEM brands, with focus on class 1-4 commercial vehicles. "We continue to see growing interest in our commercial EV offerings, and it's great to have MGT as one of our first commercial customers," said David Michery, CEO and chairman of Mullen Automotive. "We look forward to growing our relationship with MGT across our entire platform of commercial EV vehicles."

08:09 EDT Bristol-Myers announces CHMP opinion recommending approval for Breyanzi - Bristol Myers announced the Committee for Medicinal Products for Human Use, or CHMP, of the European Medicines Agency, or EMA, has recommended approval of Breyanzi for the treatment of adult patients with diffuse large B-cell lymphoma, or DLBCL, high grade B-cell lymphoma, primary mediastinal large B-cell lymphoma and follicular lymphoma grade 3B, who relapsed within 12 months from completion of, or are refractory to, first-line chemoimmunotherapy.

08:07 EDT Insmed completes enrollment in Phase 3 ASPEN study of brensocatib - Insmed announced that adult patient enrollment is complete as of today in its pivotal ASPEN study of brensocatib. Insmed anticipates reporting topline data from adults in the ASPEN trial in the second quarter of 2024.

08:07 EDT Golden Matrix board authorizes $2M stock repurchase program - Golden Matrix Group announced that its Board of Directors has authorized the repurchase of up to a maximum of $2M of shares of the Company's common stock. Subject to any future extension in the discretion of the Board of Directors of the Company, the repurchase program is scheduled to expire on September 29, 2023, when a maximum of $2M of the Company's common stock has been repurchased, or when such program is discontinued by the Board of Directors.

08:03 EDT Artelo Biosciences expects cash to fund operations into 2H24 - As of December 31, 2022, the Company had approximately $17.5 million in cash and marketable securities, compared to $25.6 million as of December 31, 2021 and $10.0 million as of August 31, 2021.

07:57 EDT Aura Minerals reports updated mineral reserves, mineral resources - Aura Minerals reports updated Mineral Reserves and Mineral Resources estimates for its three operating mines: the San Andres Mine, Ernesto/Pau-a-Pique Mine and Aranzazu Mine, as well as its development projects including, the Matupa Project and the Almas Project as reported in the Annual Information Form for the year ended December 31, 2022. Rodrigo Barbosa, President and CEO of Aura commented, "In 2022 we laid the groundwork to meet our robust growth objectives in the coming years to reach over 450,000 GEO annualized by 2025 through stable production, growth in Mineral Resources and Mineral Reserves, and adding to our pipeline through M&A. Given that we only started ramping up our investment in exploration in recent years, our strategy in 2022 focused on increasing Mineral Resources across our projects; we had a conversion rate of over 100% on Inferred Mineral Resources and added 865 kGEO in Measured & Indicated Mineral Resources and 592 kGEO in Inferred Resources. We also saw an important increase in Mineral Reserves by adding 742 kGEO of Proven and Probable Mineral Reserves in 2022, comfortably exceeding the 2022 depletion. We are focused on increasing our Mineral Reserves, and on making new discoveries." Beyond our reported numbers, we expect imminent increases to our Mineral Resources base through a number of high priority opportunities. Firstly, at our Borborema Project, acquired in late 2022, which is in the feasibility study stage focused on converting the historic JORC Mineral Resources to NI 43-101 compliant Mineral Resources. Secondly at our EPP Mines, we see significant expansion opportunities where drilling at depth and connection between pits continues to show promise. We also acquired Japones Oeste, an important area located along strike of the existing pits, where drilling continues. Thirdly we will focus regionally, at the Matupa Project we've only begun to understand the geological potential at the Serrinhas target 20 km from the X1 deposit, where we have Mineral Reserves, and at Serra de Estrela, we are enthusiastic to start our first exploration program soon within the world class Carajas region to enhance our exposure to copper. We look forward to providing additional updates on our various exploration initiatives and highlight our measured and diverse approach to growth in high quality ounces." 2022 Highlights: The Company completed another robust exploration program totaling 123,895 meters of drilling across its material properties. In 2022, Aura invested approximately $22 million in exploration with the initial goal of increasing Total Mineral Resources, which is expected to be followed by an increase in P&P Reserves in the following stage. The Company's strategy to increase Mineral Resources was successfully achieved in 2022, with a total of 865 ounces of M&I Mineral Resources added and 592 ounces of Inferred Mineral Resources. This addition does not consider ounces for the Borborema Project, currently under feasibility study stage, and potential Mineral Resources from certain near-term targets, such as Serrinhas and Japones Oeste, which are being further explored in 2023. Inferred Mineral Resource additions totaled 592 kGEO. The small net reduction in Inferred Mineral Resources between 2021 and 2022 was primarily due to the successful conversion of over 100% of Inferred Mineral Resources to M&I Mineral Resources at the three operating mines.

07:46 EDT Linde starts supply of liquid hydrogen to hydrogen-powered ferry - Linde has begun the supply of liquid hydrogen to the world's first operational hydrogen-powered ferry for cars and passengers in Norway. Linde is supplying ferry operator Norled with clean hydrogen for the fuel-cell powered MF Hydra. In addition to supplying clean liquid hydrogen, Linde developed, built and installed the fuel containment system, the associated onshore truck-to-ship bunkering facility, onboard storage tank and fuel processing equipment. The ferry has completed sea trials and started commercial operations.

07:37 EDT Cytokinetics says DMC recommended discontinuation of COURAGE-ALS trial - Cytokinetics announced that the Data Monitoring Committee, DMC, for COURAGE-ALS, Clinical Outcomes Using Reldesemtiv on ALSFRS-R in a Global Evaluation in ALS, recently convened to conduct the second planned interim analysis of this Phase 3 clinical trial. The DMC reviewed unblinded data from COURAGE-ALS and recommended the discontinuation of the clinical trial due to futility, as it found no evidence of effect in patients treated with reldesemtiv relative to placebo on the primary endpoint of change from baseline to 24 weeks in ALSFRS-R or in key secondary endpoints. Given these results, study conduct in COURAGE-ALS will be concluding. In addition, Cytokinetics plans to discontinue treatment with reldesemtiv in all patients including those in the open-label extension study, COURAGE-ALS OLE. "We are extremely disappointed with this outcome and would like to thank the people with ALS, caregivers, investigators and clinical trial staff for their participation in COURAGE-ALS," said Robert I. Blum, Cytokinetics' CEO and President. "Cytokinetics has been committed to the ALS community for more than a decade and recognizes the urgency to bring new potential medicines to the forefront for this grievous disease. In the coming months, we will assess next steps relating to our neuromuscular development programs."

07:17 EDT Safehold, iStar complete merger - Safehold (SAFE) closed on the previously announced merger of iStar (STAR) and Safehold. The merger represents the culmination of the companies' multi-year strategy to grow the innovative ground lease ecosystem. Following the closing, the combined company SAFE will operate under the name Safehold Inc. and its common stock will trade under the ticker "SAFE" on the New York Stock Exchange. On March 31, prior to the closing of the merger, iStar completed the separation of its legacy assets and certain other assets through the distribution of all of the common shares of Star Holdings (STHO) to holders of record of iStar common stock as of the close of business on March 27 in a spin-off transaction. iStar distributed 0.153 common shares of Star Holdings for each share of iStar common stock.

07:14 EDT BioCryst appoints Hutson as Chair of the Board - BioCryst Pharmaceuticals (BCRX) announced the appointment of Dr. Nancy Hutson as chair of its board of directors, effective immediately. Dr. Hutson was appointed to the board in January 2012, bringing over 30 years of experience as a seasoned professional and leader within the pharmaceutical industry. She retired from Pfizer (PFE) in 2006 after spending 25 years in several research and leadership positions, most recently serving as senior vice president of global research & development as well as director of Pfizer's pharmaceutical R&D site, Groton/New London Laboratories.

07:11 EDT Verano Holdings opens Zen Leaf Buckhannon - Verano Holdings announced the opening of Zen Leaf Buckhannon on Friday, March 31, 2023; this is the Company's fifth West Virginia dispensary and 126th retail outlet nationwide. Zen Leaf Buckhannon, located at 120 Buckhannon Crossroads, is open Wednesday through Saturday from 11 a.m. to 7 p.m. and Sunday from 10 a.m. to 4 p.m., local time.

07:08 EDT Bioventus enters amendment with credit agreement lenders - Bioventus has entered into an Amendment No. 4 to the Credit and Guaranty Agreement, between the Company, Wells Fargo Bank, National Association as Administrative Agent and Collateral Agent, and the Lenders from time to time party thereto, dated as of December 6, 2019 and as amended on August 29, 2021, October 29, 2021 and July 11, 2022. Among other items, the Amendment provides for financial covenant relief through the First Quarter of 2024, including relief up to a total net leverage ratio of approximately 7.2x Consolidated Adjusted EBITDA. The amended covenant levels will provide the Company with greater financial and operational flexibility relative to its operating plan in order to execute on key growth initiatives and enhance profitability. Financial covenant thresholds will revert to existing levels under the Credit Agreement in the second quarter of 2024. Under the Amendment, the Company's Revolving Credit Facility will mature on October 29, 2025, while revolving credit commitments will be reduced to $45 million by December 31, 2023, and subsequently to $40 million by June 30, 2024. Additionally, following the Amendment the interest rate for outstanding indebtedness is SOFR + 4.25%.

07:06 EDT Disc Medicine expects cash to fund operational plans into 2025 - Cash and cash equivalents were $194.6 million as of December 31, 2022 compared to $88.0 million as of December 31, 2021. The increase was due to the completion of the reverse merger with Gemini Therapeutics and the concurrent financing, which was completed on December 29, 2022. In February 2023, Disc subsequently completed a registered direct offering in the amount of $62.5 million led by Bain Capital Life Sciences. Disc expects these combined cash and cash equivalents to fund its operational plans into 2025.

06:34 EDT Vipshop announces $500M share repurchase program - Vipshop announced that its board of directors has authorized a new share repurchase program under which the company may repurchase up to $500M of its American depositary shares or Class A ordinary shares until the close of business on March 31, 2025, U.S. Eastern Time. The company plans to adopt and implement this share repurchase program in accordance with applicable rules and requirements under the Securities Exchange Act of 1934, as amended, and the Company's insider trading policy.

06:32 EDT 36Kr Holdings to reduce costs through AIGC technology adoption - 36Kr Holdings (KRKR) announced that the company is adopting AIGC technology to empower its content ecosystem, enhancing its content production efficiency significantly and reducing costs. For example, the AIGC technology's text-to-image function will reduce the costs of image generation by hundreds of times. Meanwhile, in terms of collecting information and collating documents, AIGC technology has proven capable of producing qualified preliminary drafts, helping the company save on editing manpower and costs. Furthermore, 36Kr recently became the first batch of companies to join Baidu's (BIDU) ERNIE Bot ecosystem. As one of the industry pioneers, 36Kr will be a fast mover in applying AIGC technology to its content production and business development, boosting content generation efficiency while also reducing costs.

06:26 EDT Parsons awarded $164M contract from U.S. Army Corps of Engineers - Parsons announced that the company was selected by the United States Army Corps of Engineers Norfolk District to deliver a new Explosive Decomposition Chamber facility at Holston Army Ammunition Plant in Kingsport, Tennessee. The four-year, $164M contract is new work for the firm.

06:04 EDT Organigram announces product purchase agreement with Greentank - Organigram announced it has entered into a product purchase agreement with Green Tank Technologies a vaporization technology company and a subscription agreement with Greentank's parent company, Weekend Holdings Corp. The Purchase Agreement provides Organigram with an exclusivity period in Canada for the new technology incorporated into 510 vape cartridges for use with cannabis, including the development of a custom all-in-one device that will be proprietary to Organigram. Pursuant to the terms of the Subscription Agreement Organigram has subscribed for preferred shares for an aggregate subscription price of $4M representing an approximate 2.6% interest in Holdings. Organigram's investment combined with the Purchase Agreement is expected to transform Organigram's current and future vapour hardware lineup across its portfolio of recreational brands.

05:37 EDT Aehr Test Systems provides update on ATM offering - Aehr Test Systems provided an update on its previously announced offer to sell up to $25M of the company's common stock on the open market via an At-The-Market offering. During the quarter, the company received gross proceeds totaling $7.3M on the sale of 208,917 shares at an average price of $34.78 per share, and $17.7M remains available under this ATM. Under the terms of the ATM equity distribution agreement, the company may not sell shares during the company's closed trading windows when it is deemed the company may be in possession of material non-public information.