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MYNA

Mynaric (NASDAQ:MYNA) has updated its FY23 guidance, expecting IFRS-15 revenue to remain around the same level as 2022 revenue of €4.4M, contrary to previous guidance of a significant increase. The company also expects more than 500 units in backlog by the end of 2023, and full-year 2023 guidance of more than EUR 30 million for cash-in from customer contracts. The guidance decrease is due to the production delay of CONDOR Mk3 that was previously scheduled to start in Q4 2023.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 12:12 am

HUT

Hut 8 Mining Corp. (HUT) has announced that the registration statement on Form S-4 for its proposed merger with U.S. Data Mining Group, Inc. dba US Bitcoin Corp (USBTC) has been declared effective by the SEC. The combined company will be named Hut 8 Corp. and will be a U.S.-domiciled entity. The common stock of the new entity is expected to be listed on the Nasdaq and the Toronto Stock Exchange under the ticker symbol HUT. The transaction is expected to close by November 30, 2023, subject to USBTC stockholder approval and other customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 12:09 am

SRFM

Surf Air Mobility Inc. (NYSE:SRFM) has filed a Form S-1 registration statement with the U.S. Securities and Exchange Commission, registering up to 300 million shares of Common Stock. This is part of the company's Share Subscription Facility with GEM, under which it has access to a total of $400 million. The company currently has $392.5 million remaining under this agreement. The registered shares will be used to request advances under the share subscription facility and satisfy other current obligations to register shares previously issued to GEM.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 12:07 am

LAC

Lithium Americas Corp. (LAC) has provided an update on its Thacker Pass lithium project, including Q3 2023 financials. The company had approximately $275.5M in cash and cash equivalents as of October 3, 2023. Major earthworks and detailed engineering continue to advance in preparation for major construction to commence in 2024. The company is also in negotiations with the U.S. Department of Energy for the Advanced Technology Vehicles Manufacturing Loan Program, which could fund up to 75% of capital costs for construction of Phase 1. The construction budget for the second half of 2023 is $145 million, of which $51.1 million was spent in Q3 2023.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 12:02 am

RACY

Relativity Acquisition Corp. (NASDAQ:RACY) has extended the deadline to complete its business combination with SVES LLC and related entities to February 15, 2024. This is the second of two three-month extensions allowed under Relativity's governing documents. An amount of $1,000.00 from Relativity's working capital was deposited into its trust account for its public stockholders on November 9, 2023. The combined company will operate under the name 'SVES, Inc.' and intends to apply to be listed on Nasdaq under the new ticker symbol 'SVES.'

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 11:55 pm

AEY

ADDvantage Technologies Group, Inc. (NASDAQ:AEY) has announced a 1-for-10 reverse stock split of its common stock as part of its Nasdaq compliance plan. The reverse stock split is expected to take effect on November 16, 2023. No fractional shares will be issued, instead, stockholders will receive cash in lieu of fractional shares. The number of outstanding shares will be reduced from approximately 14,947,078 to approximately 1,494,707 after the reverse stock split.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 11:45 pm

EXPD

Expeditors International of Washington, Inc. (NASDAQ:EXPD) has announced its decision to transfer the listing of its common stock from the Nasdaq Stock Market LLC to the New York Stock Exchange (NYSE). The company's common stock is expected to begin trading on the NYSE on November 21, 2023, under its current ticker symbol 'EXPD'. The stock will continue to trade on Nasdaq until the market closes on November 20, 2023.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 11:32 pm

TSNDF

TerrAscend Corp. reported Q3 2023 financial results, with net revenue of $89.2M, a 23.7% sequential increase, and adjusted EBITDA of $24.2M, an 89% sequential increase. The company also reported a gross profit margin of 53.6% and a GAAP net loss from continuing operations of $8.4M. The company's free cash flow from continuing operations was $7.7M. The company's shares were trading down at 1.53% at $1.61 per share post-market closing on Thursday.

Portfolio Pulse from Joana Scopel

November 09, 2023 | 11:27 pm

BTCUSD

ETHUSD

Ethereum's price crossed the $2,000 mark for the first time since July 2023 after BlackRock Advisors registered an iShares Ethereum Trust in Delaware. The price increase was accompanied by a surge in trading volume of 259% and a market cap increase of over 10%. This comes as the SEC opens the window to issue approval orders for all 12 spot Bitcoin ETF applications. The global crypto market capitalization stands at $1.38 trillion, a 2.3% increase from the previous day.

Portfolio Pulse from Khyathi Dalal

November 09, 2023 | 11:10 pm

OUST

Ouster, a leading provider of high-resolution lidar sensors, has projected its Q4 2023 revenue to be between $23M and $25M, which is lower than the estimated $25.63M.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 11:08 pm