Key Company and Market Updates
Eco Wave Power (NASDAQ: WAVE) announced a $3.0 million registered direct offering to a single institutional investor. The funds will propel its first commercial-scale wave energy project in Portugal. Read More
Next Level Aviation® secures a $50 million revolving credit facility with PNC Bank, setting sights on expanding their Boeing and Airbus materials inventory. Read More
ConocoPhillips announced pricing terms for cash tender offers through its subsidiary ConocoPhillips Company. The offers include purchasing any and all of Marathon Oil's debt securities and Maximum Offer Notes up to approximately $4.04 billion, subject to priority levels and proration. The settlement date for validly tendered notes is expected to be December 12, 2024. Read More
Chevron's expanded Pasadena Refinery now processes 125,000 barrels per day, underscoring Chevron's improved supply chain from the Permian Basin. Read More
Nutanix (NTNX) has announced plans to offer $750 million in convertible senior notes due 2029 through a private placement to qualified institutional buyers. Proceeds will fund general corporate purposes and repurchase a portion of existing convertible notes. Read More
American Strategic Investment Co. (NYSE: NYC) has announced December 19, 2024, as the closing date for the sale of its 9 Times Square Midtown Manhattan property for $63.5 million. The buyer has provided a $7 million non-refundable deposit. The company plans to use the net proceeds to strengthen its balance sheet and support expanded asset acquisition and diversification strategy. Read More
Innovative Product Launches and Developments
AMD introduces powerful Versal RF Series SoCs targeting aerospace and defense applications. Read More
Marvell Technology (NASDAQ: MRVL) announced a groundbreaking 1.6 Tbps LPO chipset designed for AI-driven data centers to enhance connectivity. Read More
ACM Research (NASDAQ: ACMR) strengthened its ALD portfolio by qualifying new Thermal and Plasma-Enhanced deposition tools, setting a benchmark in film deposition accuracy. Read More
Darling Ingredients announced that Avfuel received its first delivery of sustainable aviation fuel (SAF) produced by Diamond Green Diesel (DGD). The SAF can reduce greenhouse gas emissions by up to 80% compared to conventional jet fuel. Read More
Financial Results and Offerings
GameStop (NYSE: GME) reported its Q3 2024 financial results, showing net sales of $0.860 billion, down from $1.078 billion in the prior year. The company achieved a net income of $17.4 million, a significant improvement from a $3.1 million loss in the same period last year. Read More
Stitch Fix (NASDAQ: SFIX) revealed its Q1 FY2025 financials with net revenue falling 12.6% year-over-year to $318.8 million. The company faces declining active clients but forecasts positive adjusted EBITDA for Q2 FY2025. Read More
MIND Technology (NASDAQ: MIND) reported strong financial results for Q3 FY2025. Revenue reached $12.1 million, up 143% from $5.0 million in Q3 FY2024. The company achieved operating income of $1.9 million, compared to a $1.5 million loss last year. Read More
ImmunityBio (NASDAQ: IBRX) announced plans for an underwritten public offering of its common stock. Proceeds are earmarked for ANKTIVA® commercialization and other initiatives. Read More
Mawson Infrastructure Group (NASDAQ: MIGI) released its November 2024 operational update, highlighting significant growth in its digital infrastructure business. Digital Colocation Revenue increased 111% year-over-year, reaching $4.18 million compared to November 2023. Read More
Strategic Acquisitions and Partnerships
Eagle Materials (NYSE: EXP) has announced a definitive agreement to acquire Bullskin Stone & Lime, a pure-play aggregates business in Western Pennsylvania, for $152.5 million. This move aligns with Eagle's growth strategy. Read More
VICI Properties amended its lease with PURE Canadian Gaming Corp. to Indigenous Gaming Partners Inc. (IGP), covering four casinos in Alberta, Canada, maintaining existing terms, with a ROFO on future transactions. Read More
Summit Hotel Properties (NYSE: INN) has announced, through its joint venture with GIC, the pending acquisition of two hotels for $96.0 million: the 250-room Hampton Inn Boston - Logan Airport and the 149-room Hilton Garden Inn Tysons Corner. The acquisition is expected to close in Q4 2024. Read More
Healthcare and Biotechnology Advances
Geron has showcased Phase 1 trial outcomes for RYTELO™ in treating myelofibrosis amid its promising application in MDS. Read More
Cellectar Biosciences (NASDAQ: CLRB) announces strategic changes, following FDA communications, to focus on Phase 1 solid tumor studies with its radioconjugates. Read More
Incyte delivers favorable Phase 3 trial results for tafasitamab, enhancing progression-free survival in follicular lymphoma. Read More
Clene Inc. gains FDA guidance on an accelerated approval path for its ALS treatment. Read More
ACELYRIN (Nasdaq: SLRN) announced that its Phase 2b/3 trial of izokibep in non-infectious uveitis failed to meet its primary endpoint. The company will shift focus to other drug developments. Read More
Infrastructure and Technology Developments
Nextracker provides completely domestic solar trackers to the U.S. market, pushing ahead renewable energy initiatives. Read More
Case IH's precision machinery aids a water-saving shift to new irrigation at Australian property 'Wagaby', signaling advancements in agricultural efficiency. Read More
Travel + Leisure Co. (NYSE:TNL) closed an $875 million secured term loan repricing and refinancing, which will generate annual interest savings. Read More
Performant Financial (Nasdaq: PFMT) announced its name change to Performant Healthcare, Inc., marking its strategic shift to healthcare services. The transition reflects its focus on healthcare payment integrity. Read More
Ouster Inc has announced the transfer of its stock listing from the New York Stock Exchange (NYSE) to the Nasdaq Global Select Market. The transition is expected to take effect on December 23, 2024. Read More
