Streetbeat News

Assets

PPSI

Pioneer Power Solutions, Inc. (NASDAQ:PPSI) has received purchase orders worth $7 million in August for its E-Bloc distributed generation solution and other related equipment. The orders are from various customers and are scheduled for delivery starting in Q2 2024. The company's CEO, Nathan Mazurek, expressed confidence in the company's growth and operating leverage.

Portfolio Pulse from Happy Mohamed

September 05, 2023 | 12:36 pm

CLRB

Cellectar Biosciences, Inc. (NASDAQ:CLRB) has announced a private placement financing agreement with institutional investors that could result in gross proceeds of up to $102.9 million. The financing is led by Rosalind Advisors and includes participation from AIGH Capital, ADAR1, Second Line, Nantahala Capital, AuGC, and other investors. The funds will be used to support corporate activities, including the potential accelerated approval and commercialization of iopofosine, Cellectar's lead asset.

Portfolio Pulse from Happy Mohamed

September 05, 2023 | 12:22 pm

ALBT

Avalon GloboCare Corp. (NASDAQ:ALBT) and the Massachusetts Institute of Technology (MIT) have received a Notice of Publication for U.S. Patent No. 11,555,060, titled 'QTY Fc Fusion Water Soluble Receptor Proteins.' The patent covers the composition of matter and methodology for multiple novel QTY-Code modified cytokine and chemokine protein receptor molecules. The technology can turn water-insoluble transmembrane receptor proteins into water-soluble proteins, potentially expanding the repertoire of selected therapeutic targets against cancers and other diseases.

Portfolio Pulse from Happy Mohamed

September 05, 2023 | 12:18 pm

DATS

DatChat has filed a patent for a technology that allows secure access to group-based digital assets across its metaverse and social media platforms. The technology aims to provide users with control over their digital assets and privacy.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 12:09 pm

ENVB

Enveric Biosciences (NASDAQ:ENVB) has been granted a new U.S. patent for C4-Carboxylic Acid-Substituted Tryptamine Derivatives, which includes EB-373, a new chemical entity psilocin prodrug. The patent provides Enveric with intellectual property rights for compositions and methods for tryptamine-derived prodrugs. This strengthens Enveric's intellectual property portfolio and distinguishes its tryptamine-based prodrugs from similar compounds being developed for the treatment of mental health disorders.

Portfolio Pulse from Happy Mohamed

September 05, 2023 | 12:03 pm

ACLS

Axcelis Technologies, Inc. (NASDAQ:ACLS) has announced that James Coogan will succeed Kevin Brewer as Executive Vice President and Chief Financial Officer in October 2023. Coogan, who has over 20 years of experience in finance, accounting, and investor relations, is joining Axcelis from Kaman Corporation. Brewer will assume the title of Executive Vice President, Finance and Operations, and plans to retire at the end of 2023.

Portfolio Pulse from Happy Mohamed

September 05, 2023 | 12:02 pm

INTC

TSEM

Intel Foundry Services and Tower Semiconductor have announced a new US foundry agreement. As part of the agreement, Tower will invest up to $300M to acquire and own equipment and other fixed assets for a new facility in New Mexico.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 11:46 am

AIG

ESGR

Enstar has entered into an adverse development cover agreement with AIG. Under the agreement, Enstar will provide $400 million of adverse development cover in excess of carried loss reserves on assumed reinsurance contracts underwritten by Validus Re.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 11:32 am

CVX

HHH

Chevron U.S.A. Inc. has acquired over 77 acres in Bridgeland Central, a master planned community owned by Howard Hughes Holdings Inc. The acquisition indicates continued growth for the Howard Hughes community and the commercial development of Bridgeland Central, an emerging 925-acre urban hub in the Northwest Houston region.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 11:21 am

AFLYY

AFRAD

EADSY

Airbus SE (OTC:EADSY) and Air France-KLM (OTC:AFLYY) (OTC:AFRAD) are in exclusive negotiations to establish a joint venture for Airbus A350 component maintenance services worldwide. The joint venture will involve transferring aircraft components assets from both partners into the joint venture's pool. The joint venture is expected to be operational by the first half of 2024.

Portfolio Pulse from Nabaparna Bhattacharya

September 05, 2023 | 11:21 am