Latest news for Sona Nanotech (OTC:SNANF) Stock

Sona Nanotech Inc is engaged in researching and developing gold nanorod products. It makes products for diagnostic tests and medical treatment applications. The company's product includes Gemini and Saliva tests.

Sona Nanotech Inc

Under the PPA secured by VES1, VES1 shall have a first right of refusal for in the case that the off-taker wishes to expand the solar capacity at the particular site. Based on the current assessment, VES1 shall have a first right for expansion of the solar project, totalling 50MWp installation with 60MWh energy storage in 2025, and 58MWp solar project with 50MWh energy storage in 2026. These projects will significantly enhance solar and energy storage capacity in Vietnam. The agreement also grants Founder Group exclusive rights to future rooftop solar and energy storage projects in Vietnam secured by VES1 for the next three years.

News

Founder Group Announces Proposed Acquisition Of Majority Stake In VES 1 Joint Stock Company; To Acquire ~80% Of Shares

WIIM

ALLT

Allot Limited shares are trading higher after the company announced better-than-expected financial results.

Nuveen California Dividend Advantage Municipal Fund 2

Uxin Limited shares are trading higher after the company announced it had secured a 32,000-tonne offtake agreement with Volkswagen.

IFx-2.0, a first-in-class innate immune response agonist, entering single Phase 3 accelerated approval registration trial in first half of 2025 for first line treatment of Merkel Cell Carcinoma (MCC) under Special Protocol Assessment (SPA) agreement with U.S. Food and Drug Administration (FDA)
Entered into a non-binding letter of intent with Kineta regarding a potential transaction in which TuHURA would acquire the rights to KVA12123 expanding its pipeline with a Phase 2 ready, novel VISTA inhibiting antibody
Advancing IFx-3.0, the first systemically administered tumor-targeted mRNA innate immune response agonist for aggressive B Cell Lymphoma
Early discovery programs designing first-in-class tumor microenvironment modulating bi-specific antibody drug conjugates (ADCs) or peptide drug conjugates (PDCs) targeting Myeloid Derived Suppressor Cells (MDSCs)
Company expands leadership team with key clinical and regulatory appointments to drive strategy and operational execution

Biotech

General

HURA

TuHURA Biosciences Outlines Development Pathway For Single Phase 3 Accelerated Approval Registration Trial

Legal

ICCM

IceCure Medical Receives Notice Of Allowance From Japan Patent Office For Invention Titled 'Cryogenic System With Multiple Submerged Pumps'

HC Wainwright &amp; Co. analyst Vernon Bernardino reiterates NRX Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NRXP#NASDAQ">NRXP</a>) with a Buy and maintains $19 price target.

Price Target

Reiteration

Analyst Ratings

NRXP

HC Wainwright & Co. Reiterates Buy on NRX Pharmaceuticals, Maintains $19 Price Target

- Interim results indicate cognitive improvement in the active treatment group compared to placebo
- No serious adverse events or deaths reported in the trial

IGC Pharma Announces Additional Phase 2 Interim Data Highlighting IGC-AD1 For Alzheimer's Treatment

Vertical Aerospace Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVTL#NYSE">EVTL</a>) shares are trading higher premarket on Monday. The company disclosed a signed term sheet with its majority shareholder, Stephen Fitzpatrick, and primary creditor, <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/b42158754/vertical-aerospace-announces-50-million-in-new-funding-as-part-of-180-million-transaction-that-wil" rel="noreferrer noopener">Mudrick Capital Management</a>.
The term sheet outlines a $50 million funding commitment from Mudrick Capital, with $25 million in upfront funding and an additional $25 million backstop, which can be reduced by third-party funding.
Stephen Fitzpatrick also has the option to invest an additional $25 million on the same terms.
This funding is expected to support the company&#8217;s Flightpath 2030 Strategy, aimed at positioning Vertical as a global leader in the eVTOL market by the decade&#8217;s end, including the ongoing development and certification of the VX4.
As part of the agreement, Vertical Aerospace&#8217;s founder, Stephen Fitzpatrick, will stay on the board to provide ongoing strategic direction as the company advances through its certification program.
To strengthen its balance sheet, the company will convert approximately&nbsp;$130 million&nbsp;of convertible notes (50%&nbsp;of the outstanding amount) into equity at&nbsp;$2.75&nbsp;per share, significantly reducing debt.
The conversion price for the remaining convertible notes is set at $3.50 per share, which supports future fundraising.
The repayment date for the remaining loan has been extended to December 2028, providing additional security during Vertical&#8217;s certification process.
Stuart Simpson, CEO of Vertical Aerospace, said, &#8220;This funding agreement underscores the strong confidence of our investors in our Flightpath 2030 Strategy and our ambition to lead the global eVTOL market.&#8221;
&#8220;By addressing our more immediate capital needs and positioning us well to secure funding for the long-term, we can focus on advancing our piloted flight test programme and bringing the VX4 to market.&#8221;
Price Action: EVTL shares are up 7.31% at $5.14 premarket at the last check Monday.
Photo via Midjourney
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Equities

Financing

Contracts

Small Cap

Movers

EVTL

Vertical Aerospace Soars: $50 Million Funding Boost And Debt Conversion Propel eVTOL Maker Forward

APTO

Aptose Biosciences shares are trading lower after the company announced the pricing of an $8M public offering.

Guidance

Sciencejoy Holding Sees Q4 Net Revenues RMB300-RMB330M

HC Wainwright &amp; Co. analyst Raghuram Selvaraju maintains Rockwell Medical (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RMTI#NASDAQ">RMTI</a>) with a Buy and lowers the price target from $9 to $7.

RMTI

HC Wainwright & Co. Maintains Buy on Rockwell Medical, Lowers Price Target to $7

Best Buy Co., Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) will release earnings results for its third quarter, before the <a href="https://www.benzinga.com/quote/BBY/earnings">opening bell on Tuesday, Nov. 26</a>.
Analysts expect the Richfield, Minnesota-based bank to report quarterly earnings at $1.29 per share, compared to $1.29 per share in the year-ago period. Best Buy projects to report revenue of $9.63 billion for the recent quarter, compared to $9.76 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On Friday, JPMorgan maintained an Overweight rating on the stock and raised its price target from $111 to $117.
With the recent buzz around Best Buy, some investors may be eyeing potential gains from the company's dividends, too. As of now, Best Buy offers an annual dividend yield of 4.20%. That&#8217;s a quarterly dividend of 94 cents per share ($3.76 a year).
So, how can investors exploit its dividend yield to pocket a regular $500 monthly?
To earn $500 per month or $6,000 annually from dividends alone, you would need an investment of approximately $142,906 or around 1,596 shares. For a more modest $100 per month or $1,200 per year, you would need $28,563 or around 319 shares.
To calculate: Divide the desired annual income ($6,000 or $1,200) by the dividend ($3.76 in this case). So, $6,000 / $3.76 = 1,596 ($500 per month), and $1,200 / $3.76 = 319 shares ($100 per month).
Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time.
How that works: The dividend yield is computed by dividing the annual dividend payment by the stock&#8217;s current price.
For example, if a stock pays an annual dividend of $2 and is currently priced at $50, the dividend yield would be 4% ($2/$50). However, if the stock price increases to $60, the dividend yield drops to 3.33% ($2/$60). Conversely, if the stock price falls to $40, the dividend yield rises to 5% ($2/$40).
Similarly, changes in the dividend payment can impact the yield. If a company increases its dividend, the yield will also increase, provided the stock price stays the same. Conversely, if the dividend payment decreases, so will the yield.
BBY Price Action: Shares of Best Buy gained 3.5% to close at $89.54 on Friday.
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Image: Shutterstock

Earnings

Long Ideas

Markets

Trading Ideas

How To Earn $500 A Month From Best Buy Stock Ahead Of Q3 Earnings

Sciencejoy Holding Nine Months Ending Sept. 30 EPS RMB1.03 Up From RMB(0.86) YoY; Revenue RMB1.012B Down From RMB1.036B YoY

KULR

KULR Announces US Navy Contract For High-Temperature Internal Short Circuit Cells, Terms Not Disclosed

The earnings results for Alarum Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALAR#NASDAQ">ALAR</a>) for Q3 were made public on Monday, November 25, 2024 at 07:30 AM.
Here's a comprehensive overview of the announcement.
<h3>Earnings</h3>
Alarum Technologies beat estimated earnings by 400.0%, reporting an EPS of $0.2 versus an estimate of $0.04.
Revenue was up $450 thousand from the same period last year.
<h3>Overview of Past Earnings</h3>
The company beat on EPS by $0.1 in the previous quarter, leading to a 9.0% drop share price change the next day.
Here's a look at Alarum Technologies's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.31</td>
<td>0.28</td>
<td>0.25</td>
<td>0.07</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.41</td>
<td>0.23</td>
<td>0.30</td>
<td>0.03</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>8.94M</td>
<td>7.38M</td>
<td>7.00M</td>
<td>6.60M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>8.88M</td>
<td>8.38M</td>
<td>7.11M</td>
<td>6.75M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Alarum Technologies <a href="https://www.benzinga.com/quote/ALAR/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ALAR

Insights into Alarum Technologies Q3 Earnings

Portugal-based medical marijuana grower Gro-Vida teamed up with Canopy Growth Germany GmbH, a subsidiary of cannabis giant Canopy Growth Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGC#NASDAQ">CGC</a>). This agreement is a key step for Gro-Vida to position itself in Germany&#8217;s growing medical marijuana market while supporting Canopy Growth GmbH&#8217;s strategy of securing EU-based supply through an asset-light approach in addition to existing supply from the company's Canadian GMP production platform.
"We are incredibly proud to be working with Canopy Growth Germany," stated Mallory Bodnar, managing director at Gro-Vida. "It is a remarkable honor to have a global leader recognize the exceptional quality of cannabis produced here in Portugal. This is not only a testament to our hard work but points to the promising future of Portuguese-grown cannabis on the world stage."
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/11/41997646/tilray-joins-german-cannabis-fiesta-with-first-locally-grown-strains">Tilray Joins German Cannabis Fiesta With First Locally Grown Strains</a>
Get Benzinga's exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter <a href="https://newsletteremail.benzinga.com/subscribe" target="_blank" rel="noreferrer noopener">here</a>. If you're serious about the business, you can't afford to miss out.
The supply agreement represents an opportunity to drive growth for both companies, blending Gro-Vida's cultivation expertise and EU-GMP production partnerships with Canopy Growth GmbH's extensive network and in-market expertise. Under the terms of the supply agreement, Gro-Vida will cultivate a range of exclusive medicinal cannabis flower for Canopy Growth GmbH, with the products slated for release under the Tweed brand.
<a href="https://www.benzinga.com/markets/cannabis/23/05/32592244/motherhood-brought-her-to-marijuana-now-shes-in-a-c-suite-at-a-global-weed-brand">Tara Rozalowsky</a>, chief growth officer and president, International, Canopy Growth, says this move is part of the company's larger plans for international expansion. "Part of our global strategy is ensuring a diverse and high-quality supply chain, and Gro-Vida is an important piece of this strategy. Sourcing EU-GMP flower from Portugal, alongside our EU-GMP Canadian-grown cannabis flower, allows us to offer a versatile and competitive product portfolio in the German market while advancing our asset light strategy for growth."
Products will be available via prescription and can be requested by patients nationwide in Germany from their healthcare practitioner beginning in calendar Q1 of 2025.
<h2 class="wp-block-heading">Cannabis In Germany</h2>
A recent <a href="https://prohibitionpartners.com/reports/the-german-cannabis-report/" target="_blank" rel="noreferrer noopener">report</a> on Germany&#8217;s cannabis market by Prohibition Partners revealed that German medical marijuana sales are projected to reach €420 million in 2024 ($260.66 million) reaching €1 billion by 2028.
The report comes several months after major cannabis reform in Germany with the implementation of the Cannabis Act (CanG) and the associated MedCanG Act. Partial cannabis legalization <a href="https://www.benzinga.com/markets/cannabis/24/04/38023610/heres-what-you-need-to-know-about-weed-legalization-in-germany-that-just-took-effect" target="_blank" rel="noreferrer noopener">took effect in Germany on April 1</a>, allowing people over 18 to legally possess up to 25 grams of dried cannabis and cultivate up to three plants at home. One of the biggest breakthroughs under the law is that medical cannabis is essentially <a href="https://www.benzinga.com/markets/cannabis/24/07/39830117/medical-marijuana-regulated-as-ibuprofen-is-one-of-the-biggest-breakthroughs-of-germanys-cannabi" target="_blank" rel="noreferrer noopener">regulated like ibuprofen</a>.
<h2 class="wp-block-heading">Price Action</h2>
Canopy Growth shares closed Friday's market session 1.04% higher at $3.9 per share.
Read Next:
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<li><a href="https://www.benzinga.com/general/market-summary/24/11/42126680/german-cannabis-20-tons-10m-grams-and-thats-only-0-3-of-the-market-whats-missing">German Cannabis: 20 Tons, 10M Grams &#8211; And That&#8217;s Only 0.3% Of The Market, What&#8217;s Missing?</a></li>
</ul>

Photo: Courtesy of OMfotovideocontent on Shutterstock

Cannabis

Eurozone

Canopy Growth's German Subsidiary Teams Up With Portugal's Gro-Vida To Expand Medical Cannabis Supply

<ul>
<li>Five posters to be presented including new long-term 36-month data from the ongoing X-TOLE OLE study of azetukalner in FOS and findings around mental health and comorbidity burdens of FOS
<ul>
<li>New pre-clinical data from the Company's Nav1.1 program</li>
</ul>
</li>
</ul>

Events

XENE

Xenon To Present Long-Term Azetukalner Data At AES 2024

U.S. stock futures were higher this morning, with the Dow futures gaining more than 300 points on Monday.
Shares of Cassava Sciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAVA#NASDAQ">SAVA</a>) fell sharply in today's pre-market trading after the company announced Simufilam did not show a significant reduction in cognitive or functional decline versus placebo in patients with mild-to-moderate Alzheimer&#8217;s disease in the ReThink-ALZ <a href="https://www.benzinga.com/quote/SAVA">Phase 3 study</a>.
Cassava Sciences shares dipped 85.6% to $3.82 in the pre-market trading session.
Here are some other stocks moving lower in pre-market trading.
<ul>
<li>Centessa Pharmaceuticals PLC – ADR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNTA#NASDAQ">CNTA</a>) shares tumbled 12% to $15.00 in pre-market trading after falling 6% on Friday. On Nov. 12, Centessa Pharmaceuticals reported a quarterly loss of 37 cents per share.</li>
<li>Biohaven Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHVN#NYSE">BHVN</a>) fell 11% to $40.60 in pre-market trading after the company announced its treatment arm of the RESILIENT SMA study did not statistically separate on the primary outcome at Week 48 compared to the placebo+standard of care group.</li>
<li>ZIM Integrated Shipping Services Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZIM#NYSE">ZIM</a>) shares dipped 6.9% to $22.15 in pre-market trading. ZIM Integrated Shipping Services, last week, reported better-than-expected third-quarter financial results and raised its FY24 adjusted EBIT and EBITDA guidance.</li>
<li>i3 Verticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IIIV#NASDAQ">IIIV</a>) shares declined 6.6% to $22.11 in pre-market trading. The company, last week, posted downbeat quarterly results.</li>
<li>ChromaDex Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDXC#NASDAQ">CDXC</a>) fell 5.9% to $7.00 in pre-market trading.</li>
<li>Fitell Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTEL#NASDAQ">FTEL</a>) shares declined 4.9% to $24.00 in pre-market trading after gaining around 6% on Friday.</li>
<li>Logility Supply Chain Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGTY#NASDAQ">LGTY</a>) fell 4.4% to $9.31 in pre-market trading. Logility Supply Chain Solutions shares dipped 13% on Friday after the company reported worse-than-expected second-quarter revenue results and issued FY25 revenue guidance below estimates.</li>
<li>Kingsoft Cloud Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KC#NASDAQ">KC</a>) fell 4.3% to $6.90 in today's pre-market trading after jumping around 25% on Friday. Kingsoft Cloud, last week, reported a fiscal third-quarter 2024 revenue of 1.89 billion Chinese yuan ($268.7 million), up by 16.0% year-on-year, beating the analyst consensus estimate of $247.46 million</li>
</ul>
Now Read This: 
<a href="https://www.benzinga.com/24/11/42157664/zoom-video-earnings-are-imminent-these-most-accurate-analysts-revise-forecasts-ahead-of-earnings-call">Zoom Video Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call</a>

Pre-Market Outlook

BHVN

CDXC

CNTA

FTEL

IIIV

LGTY

SAVA

Cassava Sciences, Biohaven And Other Big Stocks Moving Lower In Monday's Pre-Market Session

PLUR

Pluri Assesses Readiness For Mass Production Of PLX-R18 For Acute Radiation Syndrome

Social Media

Dr Disrespect To Provide Exclusive Content To Rumble Premium And Lead Rumble Gaming, Acting As An Advisor

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