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SASI

Sigma Additive Solutions, Inc. (NASDAQ:SASI) has filed its definitive proxy statement with the SEC regarding the proposed acquisition of NextTrip Holdings, Inc. Shareholders as of November 20, 2023, are encouraged to vote on the acquisition and other matters at the Annual Meeting on December 28, 2023. The acquisition involves Sigma acquiring all capital stock of NextTrip in exchange for 19.99% of Sigma's outstanding common stock and additional contingent shares based on NextTrip's post-closing performance.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 1:40 pm

NVTS

Navitas Semiconductor (NASDAQ:NVTS) has announced that its GaNFast power ICs with GaNSense technology are featured in NIO's new smartphone, the NIO Phone, which offers 66 W fast charging and seamless integration with NIO's electric vehicles. The phone includes a Qualcomm Snapdragon 8 Gen 2 chip, a 6.81-inch 2K screen, and can control over 30 car functions, potentially replacing car keys. Navitas' ICs contribute to the phone's lightweight and efficient charging experience, marking a collaboration between Navitas, NIO, and TenPao, the manufacturer of the NIO Phone charger.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 1:39 pm

LUNA

Luna Innovations has received a multi-million dollar follow-on order for its OBR 6200 Portable Backscatter Reflectometer from Northrop Grumman. This order is part of an ongoing agreement between the two companies.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 1:37 pm

FYBR

Benchmark analyst Matthew Harrigan has reiterated a Buy rating on Frontier Communications (NASDAQ:FYBR) and maintained a $35 price target for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 1:35 pm

GRRR

Gorilla Technology Group Inc. (Gorilla) reported strong operational and financial progress, including over $25 million in cash flow from milestone payments, top-line growth, and operational efficiencies. The company announced a $25 million registered direct offering of convertible preferred stock and partnerships with industry leaders to enhance capabilities. Gorilla introduced new AI and cybersecurity products, optimized costs, and is building a sales pipeline of over $1 billion. CEO Jay Chandan highlighted the company's transformational initiatives and the largest client win in Gorilla's history, particularly noting progress in Egypt and the aim for global market expansion. Gorilla will report full-year audited results for 2023 in the first half of 2024.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 1:34 pm

AWH

CTHR

ERAS

SOND

Insiders at four companies have made notable purchases of their own company's penny stocks. Erasca's CEO Jonathan Lim bought 1 million shares for $1.7 million. Sonder Holdings' Chief Accounting Officer Adam Bowen acquired 10,000 shares. Aspira Women's Health's CEO Nicole Sandford purchased 5,000 shares, and Charles & Colvard's CEO Don Oconnell bought 60,986 shares. These transactions may signal insider confidence in the companies' prospects.

Portfolio Pulse from Avi Kapoor

December 07, 2023 | 1:33 pm

AMD

GLD

GME

GOOG

NVDA

QQQ

SPY

USO

Wall Street futures are trading flat as investors await further monetary policy insights. The S&P 500 Index fell for the third consecutive day, with concerns about overestimating future interest rate cuts. Treasury yields rose slightly, and the Fed's repo facility demand hit a peak, signaling liquidity concerns. The Japanese yen surged after hawkish comments from the Bank of Japan Governor. Crude oil and gold prices saw modest gains. Bitcoin dropped following negative comments from JPMorgan CEO Jamie Dimon. The SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ ETF (QQQ) edged up in premarket trading. Advanced Micro Devices (AMD) rose on news of a shift from NVIDIA (NVDA) to AMD's AI chip by major tech firms. GameStop (GME) fell on revenue miss, Dollar General (DG) rose on earnings beat, and Alphabet (GOOG/GOOGL) increased after unveiling its new AI model.

Portfolio Pulse from Piero Cingari

December 07, 2023 | 1:31 pm

CLH

Clean Harbors, Inc. has announced an expansion of its share repurchase program by $500 million. This move indicates the company's confidence in its financial stability and future prospects. Share buybacks often signal to investors that the company believes its stock is undervalued and is a good use of its capital, which can lead to a positive reaction in the stock market.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 1:31 pm

HEPA

Hepion Pharmaceuticals shares have resumed trading after a temporary halt. The company, which may be referred to by its ticker symbol HEPA, is back on the market for investors to buy and sell its stock.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 1:30 pm

ABBV

CERE

AbbVie is set to acquire Cerevel Therapeutics for an equity value of about $8.7 billion, causing Cerevel's shares to trade higher.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 1:27 pm