Tech and Electronics Update
WiMi Hologram Cloud (NASDAQ: WIMI) has developed a Quantum Technology-Based Random Access Memory Architecture (QRAM). The architecture uses quantum mechanisms for enhanced computing performance, particularly in applications like molecular simulations and quantum machine learning. Read More
Lantronix (NASDAQ: LTRX) has completed the acquisition of NetComm Wireless Pty's enterprise IoT business assets from DZS Inc. for $6.5 million in cash. This strategic acquisition strengthens Lantronix's Enterprise and Smart City market presence, expanding its 5G and IoT connectivity solutions. Read More
Hyperscale Data (NYSE: GPUS) secured a $50 million investment from Ault & Company. The funds will support MI data center expansion and infrastructure upgrades. Read More
Nano Labs (Nasdaq: NA) has unveiled FPU3.0, a new ASIC architecture featuring advanced 3D DRAM stacking technology. The architecture achieves a fivefold improvement in power efficiency compared to its predecessor, FPU2.0. Read More
SEALSQ Corp (NASDAQ: LAES) has launched SEALQUANTUM.com Lab, a research and innovation hub focused on quantum-safe encryption and post-quantum technology. Read More
Retail and Consumer Goods
Target (NYSE: TGT) launched its annual Holiday Clearance Event, with discounts up to 50% on clothing, shoes, toys, and more, available in-store and online. Read More
Zoomcar (NASDAQ: ZCAR) reports a 43% growth in bookings for November 2024, driven by India's wedding season. Read More
Automotive and Transportation
SciSparc's subsidiary AutoMax Motors has successfully facilitated a $13 million JAC Motors vehicle delivery in Israel, marking a significant milestone. Read More
NIO announced a repurchase right for its 0.50% Convertible Senior Notes due 2027, enhancing fiscal flexibility. Read More
Mullen Automotive (NASDAQ: MULN) announces a purchase order from Westland Floral for two Class 3 EV trucks, featuring service body upfits by Phenix. Read More
Finance and Investments
TScan Therapeutics (NASDAQ: TCRX) secured a $30 million direct offering with a 37% premium, enhancing its funding runway to Q1 2027. The investment supports TScan's TCR-T cell therapies for cancer. Read More
Berry (BRY) has completed a debt refinancing, enhancing liquidity with a $450 million term loan and a $500 million revolving loan. Read More
AmpliTech Group (AMPG) announced a registered direct offering of 1,871,000 shares at $3.10 per share, expecting to raise $5.8 million. Read More
Lichen China (LICN) has announced a direct offering of 20,000,000 Class A ordinary shares at $0.14 per share, expecting to raise approximately $2.8 million. Read More
American Battery Technology Company (NASDAQ: ABAT) announced a $10 million registered direct offering, selling shares at $2.65 per share and accompanying warrant. Read More
Healthcare and Biotechnology
Viracta Therapeutics (NASDAQ: VIRX) announced the closure of its Phase 2 NAVAL-1 clinical trial for strategic exploration of value-maximizing alternatives. Read More
Optinose (NASDAQ: OPTN) announced a 1-for-15 reverse stock split to maintain Nasdaq listing compliance. Read More
Hoth Therapeutics (NASDAQ: HOTH) entered a patent license agreement with the U.S. Department of Veterans Affairs for obesity treatment technology. Read More
Assembly Biosciences (ASMB) announced interim results from its Phase 1b trial of ABI-4334 for chronic hepatitis B, showing strong antiviral activity. Read More
Industry Reports and Market Trends
Aurora Mobile (JG) reported updates on China's ACGN industry, projecting growth to RMB 270 billion in 2024. Read More
Aurora Mobile (JG) highlighted China's global expansion trends, showing robust growth in gaming, e-commerce, and automotive sectors. Read More
SS&C Technologies (Nasdaq: SSNC) announced updates to its alternative investment management SaaS platforms for 2H2024, enhancing Geneva, OEMS, and Eclipse platforms. Read More
Legal and Securities
Ingles Markets (NASDAQ: IMKTA) has received a notice from Nasdaq due to delayed filing of its Annual Report, with obligations to comply by February 18, 2025. Read More
NorthView Acquisition (NVAC) received a delisting notice from Nasdaq for failing to complete an initial business combination, with plans to transition to the OTC market. Read More
Miscellaneous Updates
The Arena Group (NYSE American: AREN) has relaunched the iconic brand Men's Fitness, focusing on fitness and health content. Read More
Odyssey Marine Exploration (NASDAQ: OMEX) formed a venture with Capital Latinoamericano for a fertilizer project in Mexico and secured $4 million in funding. Read More
NuScale Power (NYSE: SMR) has completed its warrant redemption program, resulting in $227.7 million in cash proceeds. Read More
Seadrill (NYSE: SDRL) announced selling its jack-up rig West Prospero for $45 million, a strategic alignment to exit the jack-up market. Read More
