ADVFN US – Market Content Editor
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Mobix Labs Soars After Signing Deal to Acquire U.S. Drone Manufacturer (MOBX)
Mobix Labs, Inc. (NASDAQ:MOBX) surged in premarket trading on Thursday after announcing a binding letter of intent to acquire Vision Aerial, a Montana-based developer and manufacturer of American-made drone systems. Shares of the company jumped 32.7% following the announcement as investors reacted positively to the proposed expansion into the fast-growing drone market. Acquisition Expands Strategic…
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Pinterest Commits $4 Billion to AWS in Long-Term Cloud and AI Expansion Agreement (PINS)
Pinterest Inc. (NYSE:PINS) has entered into a cloud services agreement worth $4 billion with Amazon Web Services (AWS), securing infrastructure support through 2031 in what represents the largest technology commitment in the company’s history. The deal significantly expands Pinterest’s longstanding relationship with AWS and is intended to support the next phase of the platform’s artificial…
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Rumble Lands $270 Million Cloud Computing Agreement, Driving Shares Higher (RUM)
Rumble Inc. (NASDAQ:RUM) climbed in premarket trading on Thursday after announcing a major cloud infrastructure contract valued at $270 million, marking the largest customer commitment in the company’s history. Shares advanced 7% following the news as investors reacted positively to the significant expansion of Rumble’s cloud services business. Landmark Multi-Year Contract Signed The agreement was…
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Upland Software Announces 1-for-10 Reverse Stock Split to Support Nasdaq Compliance (UPLD)
Upland Software Inc. (NASDAQ:UPLD) moved lower in premarket trading on Thursday after confirming plans to implement a 1-for-10 reverse stock split, a step aimed at restoring compliance with Nasdaq’s minimum share price requirement. Shares of the enterprise software provider fell 5.5% following the announcement. Reverse Split Set for Mid-June The reverse stock split will become…
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Imunon Secures $10 Million Funding Package to Advance Phase 3 Ovarian Cancer Study (IMNN)
Imunon Inc. (NASDAQ:IMNN) traded higher in premarket dealings on Thursday after announcing a $10 million financing package that will support the continued development of its lead ovarian cancer programme. Shares of the clinical-stage biotechnology company rose 3.3% following the news. Funding to Support Pivotal OVATION 3 Trial The newly secured capital will primarily be used…
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ServiceTitan Heads Into Earnings Spotlight as Investors Look for Fresh AI Growth Signals (TTAN)
ServiceTitan Inc. (NASDAQ:TTAN) is set to report fiscal first-quarter results after the market close on Thursday, with investors closely watching whether the company can maintain the momentum generated by its artificial intelligence initiatives. Analysts currently expect earnings per share of $0.05, down from the $0.27 reported in the previous quarter, setting up an important test…
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Planet Labs Extends NGA Partnership With $22 Million Maritime Surveillance Contract (PL)
Planet Labs PBC (NYSE:PL) traded modestly higher in premarket activity on Thursday after announcing a $22 million contract extension with the U.S. National Geospatial-Intelligence Agency (NGA) to continue providing maritime surveillance and intelligence services. Shares of the satellite imaging company rose 1.4% following the update. NGA Exercises First Option Year Under Luno B Contract The…
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GE Vernova Wins 100 MW Wind Turbine Contract for Gujarat Project (GEV)
GE Vernova Inc. (NYSE:GEV) has secured a new wind energy contract in India through an agreement with Powerica Limited to supply turbines for a 100 MW wind farm development in the state of Gujarat. The project marks an important milestone for GE Vernova, as it will represent the first deployment of the company’s 3.8 MW…
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Amneal Pharmaceuticals Advances After Securing FDA Clearance for Cancer Treatment (AMRX)
Amneal Pharmaceuticals Inc. Class A (NASDAQ:AMRX) traded higher in premarket activity on Thursday after receiving U.S. Food and Drug Administration approval for its romidepsin injection solution, a treatment used in certain lymphoma patients. Shares of the company gained 2.5% following the announcement. FDA Approves Ready-to-Use Romidepsin Injection The FDA approved Amneal’s romidepsin injection solution, 27.5…
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KIDZ AI Slides After Approving 1-for-10 Reverse Stock Split (KIDZ)
KIDZ AI Inc. (NASDAQ:KIDZ) came under heavy selling pressure in premarket trading on Thursday after announcing plans to implement a 1-for-10 reverse stock split aimed at restoring compliance with Nasdaq listing requirements. Shares of the company fell 29.3% following the announcement. Reverse Split Scheduled for June 8 The reverse stock split will take effect on…