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Purchase Order for HybridTech Armor© Panels for Aircraft CarrierCPS Technologies Corporation receives Purchase Order for HybridTech Armor© Panels for Aircraft Carrier CPSH today announced receipt of a purchase order for HybridTech Armor© Panels to be installed as the strike face of advanced ballistic shields to support U.S. Navy CVN class ships. The purchase order covers panels to equip all crew-served weapons stations on one aircraft carrier. We have received a $28.7 million IDIQ contract from the Navy to address the aircraft carrier fleet, with an initial delivery order for the first aircraft carrier.” finance.yahoo.com
NASDAQ:CPSH
by AlenCiken
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Acquires Exclusive Rights to Rare Earth Element InnovationsAmerican Resources Corporation Acquires Exclusive Rights to Purdue University's Rare Earth Element Innovations, Critical for Clean Energy Technologies. An environmentally safer method of rare earth and other critical material separation and purification using ligand-assisted chromatography for coal, coal byproducts, recycled permanent magnets and Lithium Ion batteries. Announced that, with the addition of Hasler Ventures LLC, the Company has licensed ligand assisted displacement ("LAD") chromatography patents and knowhow to further expanded its capability in environmentally friendly separation and purification of rare earth elements. These exclusive patents and technologies, developed at Purdue University, are specific to the processing of separated and pure rare earth metals and critical elements from coal byproducts, recycled permanent magnets and lithium-ion batteries. Rare earth elements (REEs) include the 15 elements in the lanthanide series plus scandium (Sc) and yttrium (Y). They are essential ingredients for magnets, metal alloys, polishing powders, catalysts, ceramics, and phosphors, which are important for high-technology and clean energy applications. The global REE market is estimated at approximately $4 billion dollars and growing at 8% per year. finance.yahoo.com
NASDAQ:AREC
by AlenCiken
2
GSM Announces potential financing arrangements being discussedFerroglobe Announces Discussions with Ad Hoc Group of Noteholders and Key Financial Partners Ferroglobe PLC (the “Company”) entered into confidentiality agreements (the “Confidentiality Agreements”) with certain holders (the “Ad Hoc Group of Noteholders”) of the 9.375% Senior Notes due 2022 (the “Notes”) issued by the Company and Globe Specialty Metals, Inc., to facilitate discussions addressing the maturity of the Notes and the introduction of further capital to the Company. The key highlights of the potential financing arrangements being discussed between the AHG and the Company are as follows: A major recapitalization of the business with $100 million of additional liquidity which guarantees sufficient funding to implement the Company’s strategic plan $60 million of new super senior notes provided by existing Noteholders $40 million of new equity funding Significant extension of the Company’s debt maturity profile as a result of a par exchange of the Notes with new senior secured notes with a 5 year tenor Equity allocation of 3.75% to all supporting holders of the Notes facilitating greater alignment of all stakeholders with management on strategy and long-term value creation The Company is negotiating with key stakeholders, including its largest shareholder Grupo Villar Mir, S.A.U., the injection of equity that is required to implement the proposed plan and is aiming to enter into a binding agreement with the Ad Hoc Group of Noteholders and equity providers reflecting the outcome of the discussions as soon as possible (although no assurance can be made that the discussions will be successful or that the new funding will be implemented). The contemplated financings offer Ferroglobe a stronger balance sheet and incremental capital which, in turn, provide a sound foundation for transforming the Company. the Company has been diligently evaluating various refinancing options to address its senior notes, alongside raising incremental capital. Collectively we are working towards a comprehensive financing that eliminates near-term refinancing risks, providing greater operational flexibility, and secures cash for the implementation of our plan. finance.yahoo.com
NASDAQ:GSM
by AlenCiken
Latch to Merge with TSIA SPAC and Become Publicly Listed CompanyLatch, Maker of Full-Building Enterprise SaaS Platform LatchOS, to Merge with Tishman Speyer-Sponsored SPAC and Become Publicly Listed Company Provides Capital to Accelerate Latch's Expansion and Drive Enhanced Growth; More Than One-in-Ten New Apartments in the U.S. Built with LatchOS in 2019 Latch to Have up to $510 Million in Cash, Including $190 Million in PIPE Investments Anchored by Funds and Accounts Managed by BlackRock, D1 Capital Partners, Durable Capital Partners LP, Fidelity Management & Research Company LLC, Chamath Palihapitiya, The Spruce House Partnership, Wellington Management, ArrowMark Partners, Avenir and Lux Capital -- Transaction Values Latch at Equity Value of $1.56 Billion Post-Money The Company has booked over 300,000 units across more than 35 states, with one in ten new multifamily apartments in the United States built with Latch in 2019. "Latch has successfully created an entire ecosystem around our full building operating system, devices, and partners that enhances the building experience for both owners and residents," The Company has generated strong results to date, including $167 million in Booked Revenue1 in 2020, which represents 49 percent growth from 2019; zero customer churn leading to 100 percent Gross Revenue Retention2; and a strong SaaS company Lifetime Value (LTV) to Customer Acquisition Costs (CAC) ratio of 6.8x3. The transaction, which has been unanimously approved by TSIA's board of directors, is expected to close in the second quarter of 2021. finance.yahoo.com
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by AlenCiken
Sunlight Financial LLC to List on NYSE Through Merger With SPRQSunlight Financial LLC, a Premier Residential Solar Financing Platform, to List on NYSE Through Merger With Apollo-Affiliated Spartan Acquisition Corp. II Sunlight and Apollo-Affiliated Spartan Acquisition Corp. II (NYSE: SPRQ) Enter Into Business Combination Agreement Institutional Investors Led By Chamath Palihapitiya, Coatue, Funds and Accounts Managed by BlackRock, Franklin Templeton and Neuberger Berman Commit to Invest $250 Million at Closing in Common Stock PIPE at $10.00 per Share Pro Forma Implied Equity Value of the Combined Company is Approximately $1.3 Billion Sunlight has arranged financing for more than an estimated 100,000 residential solar systems, which will produce over 500 megawatts of solar-generated electricity and avoid more than 10 million metric tons of carbon dioxide emissions. Leading POS platform through which over $3.5 billion of loans have been originated in the rapidly growing residential solar market Upon the closing of the transaction, existing Sunlight equityholders are expected to own approximately 50% of the combined company, Spartan stockholders are expected to own approximately 26%, and PIPE participants are expected to own approximately 19%. The transaction is expected to close in the second quarter of 2021. finance.yahoo.com
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by AlenCiken
Closing of $103.5 Million Upsized Initial Public OfferingLMF Acquisition Opportunities, Inc. Announces Closing of $103.5 Million Upsized Initial Public Offering, Including Full Exercise of the Overallotment Option the closing of its upsized initial public offering of 10,350,000 units, which included the full exercise of the underwriters' over-allotment option, at a price of $10.00 per unit. Each unit consisted of one share of Class A common stock and one redeemable warrant, each warrant entitling the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share. finance.yahoo.com
NASDAQ:LMFA
by AlenCiken
SIEB Soars as Reddit Feed Targets Another Short SqueezeBrokerage Firm Siebert Soars as Reddit Feed Targets Another Short Squeeze SIEB spiked Friday after the brokerage firm became the latest stock to attract the attention of ordinary investors prompted by a Reddit message board called WallStreetBets. Siebert, which does retail brokerage business through its Muriel Siebert subsidiary, said that it has not released any news on Friday, Dow Jones reported. WallStreetBets has been trying to collectively push shares of these companies higher in a bid to force hedge funds and other large investors to abandon their short positions -- bets that stock prices will decline -- in those companies. www.thestreet.com
NASDAQ:SIEB
by AlenCiken
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Reddit army buying heavily shorted REV stockShares of REV were jumping again as a massive short squeeze on consumer stocks continued into its third day. The squeeze instigated by a group of traders on Gamestop has now spread to other heavily shorted stocks There was no news out on any of these three stocks today, and certainly nothing of the kind that would generate this kind of movement for fundamental reasons. Instead, traders on platforms like Reddit have figured out that they can take advantage of heavily shorted small-cap stocks if enough of them start buying them, and that's what's happened with REV stock. When a stock is shorted and starts to go up, short-sellers eventually have to buy back the shares or risk further losses, including a margin call forcing the repurchase. At Revlon, 31% of the stock's float was sold short as of the end of December. www.fool.com
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by AlenCiken
A massive short squeeze on PETSShares of PETS were jumping again as a massive short squeeze on consumer stocks continued into its third day. The squeeze instigated by a group of traders on Gamestop has now spread to other heavily shorted stocks, There was no news out on any of these three stocks today, and certainly nothing of the kind that would generate this kind of movement for fundamental reasons. Instead, traders on platforms like Reddit have figured out that they can take advantage of heavily shorted small-cap stocks if enough of them start buying them, and that's what's happened with all three of these stocks. When a stock is shorted and starts to go up, short-sellers eventually have to buy back the shares or risk further losses, including a margin call forcing the repurchase. Though only about 15% of the float is sold short, traders were aggressive to pump up the stock as daily trading volume rose as high as 358 million shares on Monday, up from around 3 million normally. As of midday today, volume had already topped 200 million. PetMed Express, an online pet pharmacy, entered the new year with 41% of it stock sold short. www.fool.com
NASDAQ:PETS
by AlenCiken
US30: The Fun Is Coming To An EndHello All, Your initial thought may be to fire off at me in the comments about how I am crazy to think something like this. Please keep an open mind. We are at a point in these markets never seen before in history. Debt is now 170% to GDP. The printing just won't stop. Inflation keeps getting higher. The market never actually recovered from COVID. The FED stimulated the economy in every way possible. This stimulus has made the markets become disconnected from reality. THIS GROWTH IS FAKE AND STIMULATED. That doesn't go for EVERY stock but overall its true. For the majority of companies, revenue is nowhere near where it was pre COVID. Most businesses have not even recovered. These markets are NOT a reflection of the world and that has created a large divergence. That divergence soon will play. Markets will finally react to reality. These WSB stocks are perfect proof that this market IS NOT REALITY. What has happened with stocks like BB, AMC, NOK & GME show the complete fairy tale land these markets are in. Everyone should take the last couple days events as a sign the top is VERY NEAR. On to the chart. At first glance, you can see how SIMILAR the three blue bubbles are. The exact formation the US30 is in, is the same formation it has made the last 2 big size drops. This formation can be reffered to as a broadening wedge! Each time the price touches the top trend, it consolidates and breaks down fast and hard. Each drop has found support on the bottom trend and bounced FAST. While looking at the RSI (relative strength index) , I have drawn a MASSIVE bearish divergence. This occurs when a higher high is made on the price action but the RSI prints a lower high. This is extremely bearish. Please share your comments below and like ! Thank you all!
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by traderview2
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Equity Investment and Strategic Business CooperationBaozun and iClick Announce Equity Investment and Strategic Business Cooperation As a result of the agreement, Baozun will own 4% of iClick's shares outstanding and control 10% of its voting power. The companies said they entered into a "strategic cooperation framework agreement" and will collaborate on a closed-loop e-commerce service model, focusing on areas like digital marketing, customer service, and fulfillment. That complements Baozun's core business of providing e-commerce services such as marketing, fulfillment, and IT for multinational companies like Microsoft and Nike. Also key in the deal is that both companies will develop a private domain traffic platform for Tencent, the tech giant and owner of the super-app WeChat. A short squeeze may have also helped drive the shares higher. Baozun is subject to a 180-day lock-up period on the above shares subscribed from iClick or purchased from the existing shareholder. finance.yahoo.com
NASDAQ:BZUN
by AlenCiken
PBI jumps on positive pitch from Seeking Alpha contributorPitney Bowes jumps on positive pitch from Seeking Alpha contributor Pitney Bowes (NYSE:PBI) gains 40% after a Seeking Alpha contributor writes that the stock is "significantly" undervalued vs competitors and a break up or sale of company would unlock value. Expects PBI's global e-commerce business to be profitable for first time ever when earnings are released on Feb. 2. Highlights that Legendary investor Bill Miller owns PBI and believes e-commerce segment on a standalone basis is worth $12/share, citing 3Q Miller investor letter. PBI short interest "nearly" 20% of float www.reddit.com
NYSE:PBI
by AlenCiken
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operating income increase of 527%The company reported revenues of $191.7 million, net income of $10.9 million, and basic EPS (earnings per share) of $6.40. The company also reported operating income of $20.4 million, representing an increase of 527% over the same period last year. During the 2020 fiscal year, the company repurchased 236,908 shares of its common stock at an average price of $7.01 per share. At September 30, 2020, the company reported total assets of $197.2 million and total liabilities of $153.5 million. Stockholders’ equity stood at $43.9 million, or $25.75 per basic common share1. At September 30, 2020, the company had cash and availability under its various lines of credit $37.7 million. The Company completed two significant acquisitions in 2020, Lonesome Oak in January and Precision Marshall in July.
NASDAQ:LIVE
by AlenCiken
1
OSS as exclusive EPC for North American Solar ProjectsOrbital Energy Group's Subsidiary, Orbital Solar Services, Partners with Black Sunrise Half Century Fund and Akon Lighting America as exclusive EPC for North American Solar Projects. OEG), today announced that its wholly-owned subsidiary, Orbital Solar Services ("OSS"), a leader in utility-scale solar power generation facilities, has been named the engineering, procurement, and construction ("EPC") company "of choice" for the newly-formed Black Sunrise Half Century Fund. As announced by Akon last Wednesday at President Biden's "Clean Energy for America" Inaugural Ball (Clean Energy Ball), OSS is partnering with Akon, Akon Lighting America (Akon Lighting), and the Black Sunrise Half Century Fund to decommission coal-fired power plants throughout the United States and convert them into utility-scale solar energy farms. OSS is responsible for providing full EPC services for these solar facilities, beginning in the second quarter of 2021. In selecting OSS and Orbital Energy Group as its EPC company of choice, BSF considered OSS's technical, innovation and support capabilities. This includes OSS's proven track record of success in executing over 40 solar projects in excess of 600 megawatts, with more than 50 years combined experience in the delivery and management of both commercial and renewable energy construction projects. finance.yahoo.com
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by AlenCiken
Aemetis “Carbon Zero” Supported by $16.8 MillionAemetis “Carbon Zero” Solar Energy and Energy Efficiency Upgrades Supported by $16.8 Million of California CEC and Utility Grants Estimated $18 Million Per Year of Increased Net Income ($0.75 Earnings Per Share) AMTX) announced that its “Carbon Zero” biofuels production process has received a total of $16.8 million of solar energy and other energy efficiency grants to fund upgrades of the Keyes, California plant to support the production of zero carbon renewable fuel. The award of a combined $16.8 million of California Energy Commission and Pacific Gas & Electric energy efficiency programs to fund the ‘Carbon Zero 1’ biofuels plant reflects government and utility industry support for our mission to reduce greenhouse gases These Carbon Zero plant upgrades at the Keyes plant are an integrated part of producing below zero carbon biofuels from agricultural waste wood. The Carbon Zero 1 plant renewable energy and energy efficiency upgrades include funding and other support from the California Energy Commission, the USDA, the US Forest Service, the California Department of Food and Agriculture, and PG&E. finance.yahoo.com
NASDAQ:AMTX
by AlenCiken
EVgo to Publicly List through CLII spac companyEVgo, an LS Power Company, and Leader in U.S. Electric Vehicle Fast Charging, to Publicly List through Business Combination with Climate Change Crisis Real Impact I Acquisition Corporation Anticipated net proceeds of approximately $575 million will be used to fully fund and accelerate EVgo’s growth strategy and network buildout. This includes a $400 million fully committed private placement of common stock in EVgo (the “PIPE”). The PIPE is anchored by institutional investors including private funds affiliated with Pacific Investment Management Company LLC (PIMCO), funds and accounts managed by BlackRock, Wellington Management, Neuberger Berman Funds and Van Eck Associates Corporation. CRIS is co-sponsored by private funds affiliated with PIMCO, which has more than $640 billion in sustainability investments across its portfolios. Commercial relationships with large automotive OEMs (including General Motors, Nissan and Tesla), rideshare operators (including Lyft and Uber), and major property owners for its host sites (including Albertsons, Wawa, and Kroger), underscore EVgo’s market-leading position in the rapidly growing fast charging market. LS Power, a leading investment firm focused on power, energy infrastructure and energy innovation, along with EVgo management, who together own 100% of EVgo today, will be rolling 100% of their equity in the transaction and are expected to own approximately 74% of the company upon transaction close. Pro forma implied equity value of the combined company of $2.6 billion. The transaction is expected to close in the second quarter of 2021, subject to customary closing conditions. With more than 800 locations in 67 major metropolitan markets across 34 states, EVgo’s network serves a rapidly expanding customer base that currently exceeds 220,000 customers. a strategic relationship with General Motors, which selected EVgo for a nationwide EV charging infrastructure buildout, whereby EVgo expects to add more than 2,700 additional fast chargers to its network over the next 5 years. Corporate partners also include Uber and Lyft, which selected EVgo as one of their first charging providers. EVgo has also worked with Tesla, to enable native fast charging on EVgo’s network. www.businesswire.com
C
by AlenCiken
Termination of a Material Definitive AgreementInvestors appear to be responding to the company filing an 8-K today, which seems to indicate that there will be no dilution. This news went viral on a number of stock trading forums including StockTwits. Termination of a Material Definitive Agreement. On January 20, 2021, the Company delivered notice to Lincoln Park Capital Fund, LLC, an Illinois limited liability company (“Lincoln Park Capital”) terminating the Purchase Agreement, dated September 8, 2020 (the “2020 Purchase Agreement”), with Lincoln Park Capital effective January 21, 2021 (the “Termination Date”). The 2020 Purchase Agreement provided that, upon the terms and subject to the conditions and limitations set forth therein, the Company has the right to sell to Lincoln Park Capital up to $26 million of shares of the Company’s common stock, par value $0.01 per share (“Common Stock”), over the 36-month term of the 2020 Purchase Agreement. In consideration for entering into the 2020 Purchase Agreement, the Company issued to Lincoln Park Capital 437,828 shares of the Company’s Common Stock. sec.report pulse2.com
C
by AlenCiken
BBIG and ZASH Signing of Agreement to Complete Plan of mergerVinco Ventures (BBIG) and ZASH Announce Signing of Agreement to Complete Plan of Merger Today announced the signing of an Agreement to Complete a Plan of Merger subject to certain conditions, creating exciting acceleration and growth in live-streaming content, video-sharing, distribution and production within its own ecosystem. At the forefront of today’s digital wave, the Company aims to invest, acquire and merge the best-in-class media, entertainment and content-focused technology companies globally – from East to West – aiming to build a “Virtual Hollywood”, the future of media. “The Company’s proprietary Influencer Platform has led to over 2 billion video views. With a current follower network of over 350+ million, we are poised to revolutionize the next generation of video distribution,” said Brian McFadden, Chief Strategy Officer. Vinco’s Chief Strategy Officer, commented, “The merger with ZASH and the resulting combined entity provides current and prospective business partners with the assurance of our ability to scale our production and creative services to meet their growing content creation and distribution needs. The synergies between the two entities will bring immediate scale to the existing business along with clearly identified and obtainable growth initiatives. We are excited to merge with ZASH in our ever-evolving pursuit to ‘Be BIG’.” www.streetinsider.com
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by AlenCiken
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AMC shares rose After $100M Secured-Debt IssuanceAMC Entertainment Jumps After $100M Secured-Debt Issuance AMC issued $100 million in debt of five-year secured notes. to help finance operations through the pandemic. In December the Leawood, Kan., company had secured a commitment for the debt financing from Mudrick Capital Management, the New York investment adviser. Interest on the notes is 15% a year, payable in cash semiannually beginning July 15. For the first three interest periods after the issue date the company can choose payment-in-kind interest at a rate of 17% a year. After that interest must be paid in cash. The notes mature April 24, 2026. Late last month, AMC filed with the SEC to offer as many as 50 million shares in an effort to avoid a bankruptcy filing. That filing came on top of 200 million shares it filed for earlier in the month. AMC has said it needs $750 million. “And in the event of such future liquidation or bankruptcy proceeding, holders of our common stock and other securities would likely suffer a total loss of their investment,” it said in the filing. www.thestreet.com
NYSE:AMC
by AlenCiken
Owl Rock, Dyal Capital to go public via SPAC mergerOwl Rock and Dyal to combine to form Blue Owl, a differentiated alternative asset manager with industry leading Direct Lending and GP Capital Solutions businesses Combined firm to manage over $45.0 billion in assets Blue Owl to become publicly listed through a business combination with Altimar, a SPAC sponsored by an affiliate of HPS Investment Partners (NYSE:ATAC) Blue Owl is expected to be listed on the NYSE under the ticker symbol "OWL" following the expected close of the transaction in the first half of 2021. Transaction expected to provide approximately $1.8 billion in gross proceeds, comprised of Altimar’s $275 million of cash held in trust (assuming no redemptions) and a $1.5 billion fully committed, oversubscribed, common stock PIPE at $10.00 per share, including investments from ICONIQ Capital, CH Investment Partners, Koch Companies Defined Benefit Master Trust, the Federated Hermes Kaufmann Funds, and Liberty Mutual Investments The founders and senior managers of Blue Owl will retain their equity stakes through the combined entity’s transition into a publicly listed company, promoting continued alignment. The combined entity is expected to have a post-transaction market capitalization of approximately $12.5 billion. finance.yahoo.com
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by AlenCiken