Streetbeat News

KWE

KWESST Micro Systems Inc.

https://www.kwesst.com

Industry

Aerospace & Defense

KWESST Micro Systems Inc. engages in the development and commercialization of tactical systems and ammunitions for military, public safety agencies, and personal defense markets. It provides non-lethal products, including PARA OPS devices and ARWEN products. The company was incorporated in 2017 and is headquartered in Ottawa, Canada.

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KWESST Micro Systems has requested the SEC's consent to withdraw its registration statement on Form F-1, including all exhibits and amendments.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 1:03 pm

KWESST Micro Systems Inc. (NASDAQ:KWE) has entered into definitive agreements for the purchase and sale of 4.715 million common shares at $0.20 per share in a registered direct offering. Concurrently, the company will issue unregistered warrants to purchase up to 4.715 million common shares at $0.25 per share. The offering is expected to close around August 13, 2024, with H.C. Wainwright & Co. acting as the exclusive placement agent.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 4:39 pm

Shares of The Charles Schwab Corporation (NYSE:SCHW) fell over 7% following their second-quarter results, which showed a decline in adjusted net income and EPS. Other stocks such as Yoshitsu Co., Ltd (NASDAQ:TKLF) and Silo Pharma, Inc. (NASDAQ:SILO) saw significant gains, while Cyngn Inc. (NASDAQ:CYN) and Autonomix Medical, Inc. (NASDAQ:AMIX) experienced notable declines.

Portfolio Pulse from Avi Kapoor

July 16, 2024 | 5:06 pm

KWESST Micro Systems has received a Notice of Allowance for its US patent application 17/405,021 titled 'PROGRAMMABLE MULTI-WAVEFORM RF GENERATOR FOR USE AS BATTLEFIELD DECOY'.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 5:31 pm

Signet Jewelers Limited (NYSE:SIG) shares fell over 12% due to mixed first-quarter earnings, including a significant drop in same-store sales. The company reported a 9.5% year-on-year sales decline, missing analyst estimates, but beat EPS expectations. Other stocks mentioned include BioRestorative Therapies, Zapp Electric Vehicles, Sharps Technology, and Broadcom, among others, with various gains and losses based on recent announcements and earnings reports.

Portfolio Pulse from Avi Kapoor

June 13, 2024 | 6:07 pm

Streamline Health Solutions (NASDAQ:STRM) shares fell 23.3% after reporting worse-than-expected Q1 EPS results. Other notable stock movements include DDC Enterprise (NYSE:DDC) surging 101% after acquiring Omsom, and Beamr Imaging (NASDAQ:BMR) gaining 39.3% following the announcement of its Beamr Cloud solution's availability in the Oracle Cloud Marketplace.

Portfolio Pulse from Avi Kapoor

June 12, 2024 | 5:25 pm

Oracle shares rose 9% in pre-market trading after reporting weaker-than-expected Q4 earnings and announcing a partnership with Google Cloud. Other notable pre-market movers include Golden Heaven Group Holdings, WANG & LEE GROUP, Surf Air Mobility, Beamr Imaging, and Rentokil Initial. ThermoGenesis Holdings and Clene Inc. were among the biggest losers.

Portfolio Pulse from Avi Kapoor

June 12, 2024 | 9:33 am

Calavo Growers, Inc. (NASDAQ:CVGW) shares surged 11.6% in pre-market trading after reporting strong Q2 financial results with a 16.5% increase in net sales and a significant rise in adjusted net income. Other notable pre-market movers include ShiftPixy, Inc. (NASDAQ:PIXY), Nauticus Robotics, Inc. (NASDAQ:KITT), and Target Hospitality Corp. (NASDAQ:TH), among others.

Portfolio Pulse from Avi Kapoor

June 11, 2024 | 12:39 pm

Crude oil prices rose sharply, and ICC Holdings shares spiked higher. The Dow and S&P 500 saw slight gains, while the Nasdaq Composite edged lower. Notable stock movements included Diamond Offshore Drilling's acquisition by Noble Corporation, Big Tree Cloud Holdings' significant rise, and ICC Holdings' surge following an acquisition announcement. Perion Network and Sify Technologies saw substantial declines.

Portfolio Pulse from Avi Kapoor

June 10, 2024 | 6:37 pm

Shares of Skye Bioscience, Inc. (NASDAQ:SKYE) fell sharply by 19% after the company announced the discontinuation of its SBI-100 Ophthalmic Emulsion Phase 2a trial. Other notable movers include Big Tree Cloud Holdings Limited (NASDAQ:DSY) which jumped 123% following a business combination, and KWESST Micro Systems Inc. (NASDAQ:KWE) which gained 79.8% after being awarded a significant sub-contract. Several other stocks experienced significant gains or losses during Monday's mid-day session.

Portfolio Pulse from Avi Kapoor

June 10, 2024 | 6:10 pm

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