Strategic Developments
Akoustis Technologies (NASDAQ: AKTS) has filed for Chapter 11 bankruptcy following a $59 million judgment against it. The company has entered a stalking horse asset purchase agreement with Gordon Brothers, aiming for a court-supervised sale. Akoustis asserts that it has adequate liquidity for operations during this process. Read More
Honeywell (NASDAQ: HON) continues to evaluate its portfolio for options to enhance shareholder value, considering the potential separation of its Aerospace business. Elliott Investment Management has expressed support for this strategic review. Read More
The Shyft Group (NASDAQ: SHYF) is merging with Aebi Schmidt Group to form a leading specialty vehicles company. The merger expects synergies in year two, aiming to enhance revenue in North America and Europe. Read More
Nucor (NYSE: NUE) has provided guidance for Q4 2024, projecting earnings between $0.55 to $0.65 per diluted share, down from $1.05 in Q3 2024 and $3.16 in Q4 2023. The decline is primarily due to decreased earnings in the steel mills segment. Read More
EUDA Health Holdings (NASDAQ: EUDA) and Guangdong Cell Biotech have initiated preliminary discussions on a potential strategic partnership. This venture aims to leverage EUDA's digital healthcare platform and Guangdong's stem cell expertise. Read More
Corporate and Capital Changes
Digital Brands Group (NASDAQ: DBGI) reports financial improvements by eliminating $5.2 million in convertible notes and reducing interest expenses, vastly benefitting its net income and cash flow. Read More
Levin Capital is advocating for MarineMax (NYSE: HZO) to review strategic alternatives. Read More
Nano Dimension (NNDM) announced changes to its Board of Directors following the 2024 annual general meeting. The board is now led by Ofir Baharav with new members committed to strong corporate governance and long-term shareholder value. Read More
GoDaddy Inc. (NYSE: GDDY) has completed a major refinancing of its term loans, securing $1,463 million in new loans. The refinancing aims to replace all outstanding Existing Tranche B-6 Term Loans. Read More
Pharmaceutical and Healthcare Breakthroughs
Merus (NASDAQ: MRUS) has initiated dosing in a Phase 2 trial evaluating petosemtamab as a monotherapy for heavily pretreated metastatic colorectal cancer (mCRC) patients. Read More
PureTech Health (NASDAQ: PRTC) announced positive Phase 2b trial results for deupirfenidone in idiopathic pulmonary fibrosis. Read More
Technology and Innovation
ChargePoint (NYSE: CHPT) and the Colorado Energy Office have completed six EV fast charging corridors across Colorado, installing 33 DC fast charging sites. Read More
Red Cat Holdings (NASDAQ: RCAT) partners with Palantir Technologies to enhance drone capabilities with autonomous navigation, and revealed a successful Q2 2025. Read More
Market and Economic Trends
Fortune Technologies (TTI) has unveiled its TETRA Oasis TDS, an innovative solution for treating oil and gas produced water. Read More
Xcel Energy (NASDAQ: XEL) has upsized its cash tender offers for outstanding bonds, raising the cap to $166,000,000. This move enhances its financial flexibility. Read More
Financial Highlights
Mitek Systems (NASDAQ: MITK) reported Q4 FY2024 results with revenue of $43.2 million, up 15% year-over-year. The company achieved GAAP operating income of $7.7 million and provided FY2025 guidance with expected revenue between $170-180 million. Read More
Quipt Home Medical (NASDAQ: QIPT) reported fiscal year 2024 results, highlighting a revenue of $245.9 million and a 16.2% increase from the prior year. Read More
Curtiss-Wright (NYSE: CW) expanded its share buyback program by $100 million, reinforcing its financial health. Read More
Resource Management and Exploration
Peabody (NYSE: BTU) shipped premium hard coking coal from Centurion Mine, advancing towards longwall production. Read More
AtlasClear Holdings (NYSE: ATCH) appointed Jeff Sime as CEO of Wilson-Davis & Co., marking a strategic move to enhance clearing services for small financial firms. Read More
