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Berkshire Grey Announces Business Combination with $RAAC spacBerkshire Grey, a Leader in AI-Enabled Robotics and Automation Solutions, Announces Business Combination with Revolution Acceleration Acquisition Corp Combined company to have an estimated post-transaction equity value of up to $2.7 billion Transaction expected to provide up to $413 million in cash proceeds, including a fully committed PIPE of $165 million anchored by Chamath Palihapitiya, Founder and CEO of Social Capital, Hedosophia and funds and accounts managed by BlackRock Current Berkshire Grey shareholders Khosla Ventures, New Enterprise Associates, Canaan Partners and SoftBank Group Corp. rolling 100% of their equity in the combined company Berkshire Grey expects to have $507 million cash, which will be used to fund operations and support new and existing growth initiatives, and no debt on its balance sheet following the combination. The intellectual property supporting BG’s market-leading solutions is protected by more than 300 patent filings. The intellectual property supporting BG’s market-leading solutions is protected by more than 300 patent filings. Transaction is expected to close during the second quarter of 2021 and is subject to approval by RAAC’s stockholders and other customary closing conditions. finance.yahoo.com
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by AlenCiken
$UAMY Announces Receipt of Warning Letter from NYSE AmericanUnited States Antimony Corporation Announces Receipt of Warning Letter from NYSE American The basis for the Letter is that the Company sold shares of its common stock in a manner that violated Sections 301 and 713 of the Company Guide. Trading in the Company's common stock has been halted since before the opening of trading on Wednesday, February 17, 2021, as NYSE Regulation has assessed these rule violations. The violations relate to two non-underwritten transactions involving the sale of an aggregate of 26,290,000 shares of common stock at a discount to the market price at the time of each transaction, with the first transaction, which closed on February 3, 2021, involving the sale of 15,300,000 shares of common stock at a purchase price of $0.70 per share, and with the second transaction, which closed on February 16, 2021, involving the sale of 10,990,000 shares of common stock at a purchase price of $1.30 per share. In light of the very close proximity in time of the two transactions and the fact that both transactions involved substantially the same group of purchasers, NYSE Regulation determined that these issuances should be aggregated for purposes of Section 713 of the Company Guide. Together, the two transactions covered approximately 34.4% of the common stock outstanding. Section 301 of the Company Guide states that a listed company is not permitted to issue, or to authorize its transfer agent or registrar to issue or register, additional securities of a listed class until it has filed an application for the listing of such additional securities and received notification from the NYSE American that the securities have been approved for listing. Section 713 of the Company Guide requires shareholder approval when additional shares to be issued in connection with a transaction involve the sale, issuance, or potential issuance of common stock (or securities convertible into common stock) equal to 20% or more of presently outstanding stock for less than the greater of book or market value of the stock. As stated in the Letter, the Company failed to submit a completed listing application in advance of the February 16, 2021 transaction to obtain advance approval as required by Section 301 of the Company Guide and also did not obtain shareholder approval for the aggregate issuance of 26,290,000 shares that exceeded 20% of the common stock of the Company outstanding as required by Section 713 of the Company Guide. NYSE Regulation noted in the Letter that, after it became aware that the Company had entered into a purchase agreement in relation to the second transaction, NYSE Regulation informed representatives of the Company that it would be a violation of the applicable NYSE American rules for the Company to close the second transaction without first obtaining shareholder approval . Notwithstanding this clear guidance from NYSE Regulation, the Company went ahead with closing the transaction without notifying the Exchange. The Company has been advised by NYSE Regulation that the Company's common stock will resume trading on the NYSE American following the issuance of this press release and the filing of a Current Report on Form 8-K disclosing the receipt of the Letter, which the Company anticipates will be prior to the open of trading on Friday, February 19, 2021. finance.yahoo.com
AMEX:UAMY
by AlenCiken
KeyBanc Capital analyst Philip Gibbs raised rating- $10 target $TMST surged higher on very heavy volume, after KeyBanc Capital analyst Philip Gibbs said it's time to buy the steel maker's stock as the macro recovery is unfolding. Gibbs raised his rating to overweight, after being at sector weight since July 2018, and set a $10 target for the stock, which is 19.8% above current levels. Gibbs said his new bullish view "post due diligence" reflects the macroeconomic recovery, better contract and spot pricing and widening raw material spreads, as well as "self-help," which includes cost cuts. The latest available data showed that short interest was 9.72% of the public float.
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by AlenCiken
$BANT Next Step higher, Supernova! Legends! (fm @ozVest)Bantec, Inc., a product and service company, engages the distribution and integration of advanced low altitude unmanned aerial vehicles systems, services, and products worldwide. It provides product procurement, distribution, and logistics services. The company also offers drones; drone accessories, training, and services; counter-drone technology; certificates of authorization; and Waivers, as well as drone pilot services. In addition, it sells disinfecting products and equipment through its bantec.store website to facility owners in hospitals, universities, manufacturers, and building owners; supplies spare and replacement parts to federal government agencies, the U.S. military prime contractors, and commercial customers; and sells drones to law enforcement, fire departments, security companies, and the U.S. government. Bantec, Inc. was incorporated in 1972 and is headquartered in Little Falls, New Jersey.
OTC:BANTLong
by BADQOMOCAWGOWLD
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AYX Technical Analysis 🧙Alteryx Inc is a software company that provides self-service data analytics software. Its software platform enables organizations to dramatically improve business outcomes and the productivity of business analysts. The firm offers solutions such as advanced analytics, location intelligence, data preparation, technology integrations, and others. It serves Financial Services; Healthcare; Retail; Transportation and Logistics; Oil and Gas; Pharmaceuticals and Biotechnology and other industries. The company generates its revenue from the sale of a subscription-based software platform. If you want more trading ideas like this one,🎯 press a thumb up! 👍 Have a question? Don't be shy to ask! 🤓 Interested to study how to analyze charts, follow me!
ALong
by trading_as_bus
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Shares of $VIOT surges due to hype in social mediaShares of $VIOT SURGES higher due to the uptick in discussions about this stock has been surging on social media platforms like Reddit, Twitter, StockTwits, Facebook, and Discord. In a StockTwits post, Insider-Analysis.com pointed out that 7 institutions increased their positions in the stock while 3 decreased as of this past quarter. There is also a bullish report published about the company at Xueqiu.com. After translating the article to English, I read that Xueqiu believes that VIOT is expected to grow 10x this year due to its leadership position in appliances and Internet of Things devices. VIOT was also listed on a number of day trading watch lists on Reddit. And VIOT was listed in the “Daily Movers” on the Robinhood trading platform — which also added to the momentum of this shares. pulse2.com
NASDAQ:VIOT
by AlenCiken
$WATT Shares Skyrocket on Apple Battery RumorsEnergous Shares Skyrocket on Apple Battery Rumors Energous jumps on news that Apple is working on a wireless charging attachment for the newest iPhones. The battery pack would attach to the back of an iPhone 12 using the MagSafe system, which all the new iPhones use for charging and pairing other accessories such as cases and wallets. Energous develops WattUp wireless power technology that consists of semiconductor chipsets, software controls, hardware designs, and antennas that enables radio frequency based wire-free charging for electronic devices. Energous had said in a regulatory filing that its WattUp product will undergo compliance testing with Apple, according to CNA Finance, but there was no reference to a partnership. www.thestreet.com
NASDAQ:WATT
by AlenCiken
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Boeing-Backed Aerion Is in Talks for $ALTU SPAC ListingBoeing-Backed Aerion Is in Talks for Altitude SPAC Listing The companies are discussing a deal that would value the combined firm at up to $3 billion, said the people, who asked to not be identified because the matter isn’t public. A deal could be announced as soon as this month, the people said. The talks could still fall apart and end without an agreement, they said. Aviation giant Boeing Co. announced a partnership with Aerion in 2019, along with a significant investment in the company, according to a statement at the time. Aerion had planned to finalize the design of its first supersonic business jet model last year, according to its website. Manufacture of the AS2 will start in 2023 with plans for it to be in service in 2027. www.bloomberg.com
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by AlenCiken
Why $DNK stock price surged heavily in november?Why DNK stock price surged heavily in november? What triggered the stock price surge is a report by Chinese media outlet Thepaper.cn saying that 5I5J Holding Group (owner of Danke’s rival Xiangyu) is in takeover to buy Danke. There have been reports that Danke was pursuing bankruptcy, but the company denied those reports on its Weibo account earlier then, according to South China Morning Post. One of the reasons why there is speculation about Danke filing for bankruptcy is due to upfront payments being collected from Danke tenants, but there was a failure to pay the landlords. This is why tenants and landlords protested at Danke offices later. pulse2.com
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by AlenCiken
Why $BRN skyrocketed in January?Barnwell Industries Reaches Agreement With MRMP Stockholders to End Potential Proxy Contest $BRN is pleased to announce today that it has entered into a cooperation and support agreement with MRMP Stockholders, with respect to the potential proxy contest pertaining to the election of directors to our Board of Directors (the “Board”). the Company will nominate its current slate of directors, which includes three of the MRMP nominees and two new independent directors elected in 2020, to stand for reelection to the Board at the upcoming 2021 annual meeting of stockholders. The MRMP Stockholders have agreed to vote their shares of common stock of the Company in favor of the election of the designated slate, and the MRMP Stockholders have agreed to withdraw their proposed slate of directors. I’m gratified that the Board of Directors will be unchanged from last year and be able to continue its efforts to move the Company forward. The agreement that we have forged with the Company should avoid distraction and unnecessary expense allowing our Board to continue to position Barnwell for long term positive cash generation and further share price appreciation.” finance.yahoo.com
AMEX:BRN
by AlenCiken
Why $AVGR skyrocketed in 2021?Avinger (NASDAQ:AVGR) is seeing a massive boost to its stock on Friday after being listed as a hot penny stock to buy on Robinhood. The recent interest in AVGR stock comes after PennyStock.com published an article about its top penny stock picks for January 2021. Avinger takes the top spot on that list with a price target of $1, which represents a 53% premium to its closing price on Thursday. Avinger launched Tigereye in a limited release in the U.S. and Germany in the fourth quarter of 2020. The company is planning to expand its release of the medical device in the U.S. in the first quarter of 2021. This will have it reaching a full commercial distribution of Tigereye during this period with a national launch taking place this month. finance.yahoo.com
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by AlenCiken
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