Streetbeat News

Regulatory

BWXT

BWX Technologies, Inc. (NYSE:BWXT) announced that the U.S. Department of Energy has approved Hanford Tank Waste Operations & Closure, LLC to begin the Hanford Integrated Tank Disposition Contract. This contract involves a joint venture led by a BWXT subsidiary, Amentum, and Fluor companies.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 8:22 pm

QH

Quhuo Limited has regained compliance with Nasdaq's listing requirements, ensuring its continued presence on the exchange.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 8:10 pm

WTO

UTime Limited (NASDAQ:WTO) received a notification from Nasdaq regarding a bid price deficiency, as its share price has been below $1.00 for 30 consecutive business days. The company has until April 8, 2025, to regain compliance by maintaining a closing bid price of at least $1 for 10 consecutive business days.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 8:09 pm

WKSP

Worksport has been granted a 180-day extension by Nasdaq to regain compliance with the $1 minimum bid price requirement. The company plans to implement growth initiatives and product launches to enhance shareholder value.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 8:07 pm

FRES

Fresh2 Group Ltd. (NASDAQ:FRES) has received a delisting determination from Nasdaq due to non-compliance with filing requirements. The company failed to file its Form 10-K for 2023 and Forms 10-Q for the first two quarters of 2024. Fresh2 intends to request a hearing.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 8:07 pm

HUMA

Humacyte shares are experiencing a decline following the issuance of an FDA Form 483, which pointed out compliance issues at the company.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 7:44 pm

HUMA

The FDA has issued a Form 483 to Humacyte Global, highlighting significant compliance issues such as gaps in microbial testing, delayed out-of-specification investigations, and deficiencies in quality management. These issues raise safety and quality concerns under the Federal Food, Drug, and Cosmetic Act.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 7:29 pm

LMT

NOC

RKLB

The Biden Administration plans to ease export controls for U.S. space companies, allowing them to ship satellite and spacecraft-related items more freely to allies such as Australia, Canada, and the UK. This includes easing restrictions on remote sensing spacecraft and space-based logistics assembly.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 7:26 pm

SPY

USO

The U.S. State Department is pushing for a Gaza ceasefire proposal, seeing a new opportunity following the death of Sinwar. Ceasefire talks had stalled, but there's hope for a new approach from Hamas' next leader.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 6:58 pm

VEON

VEON has filed its 2023 Form 20-F and regained compliance with listing requirements after completing a PCAOB audit. The company has remediated a prior material weakness in internal controls over financial reporting by enhancing controls and correcting an accounting error.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 6:51 pm