24/7 Market News- MoBots Midweek Movers
DENVER, Colo., Oct 16, 2024 (247marketnews.com)-MoBot, the 24/7 Market News momentum bot started the week fast and furious, by spotting the following listings early- Bright Minds (NASDAQ: DRUG), Versus Systems (NASDAQ: VS), Wolfspeed (NYSE: WOLF), Top Wealth Group (NASDAQ: TWG), and 180 Life Sciences (NASDAQ: ATNF).
MoBot posted Bright Minds (NASDAQ: DRUG) on Monday at $1.426.
After nearly kissing $60 in yesterday’s afterhours and eclipsing 100 million shares traded, which is way more than 20X its reported float or outstanding shares, Bright Minds published an announcement, yesterday evening, stating that the Company’s management is unaware of any material changes in the Company’s operations that would account for the recent increase in market activity.
MoBot caught Versus Systems (NASDAQ: VS) in yesterday’s afterhours at $1.914, after Versus reported that it executed two agreements with ASPIS Cyber Technologies, which form the foundation of the compliance plan that Versus submitted to Nasdaq on October 7, 2024, to address Nasdaq Capital Market’s $2.5 million minimum in shareholders’ equity requirement for continued listing.
The funding component calls on ASPIS to invest $2.5 million in Versus Systems; $500,000 initially, followed by the $2,000,000 balance, in exchange for an unsecured convertible promissory note with each unit comprised of one common share and one warrant to purchase one half of one common share at an exercise price of $4.00 per share.
The license agreement calls for ASPIS to begin paying a $165,000 monthly fee, in January 2025 that grants ASPIS a license to use any modifications made to Versus Systems’ gamification, engagement, and QR code technology for integration into its cybersecurity offerings, particularly in sectors such as government, finance, gaming, and social media.
MoBot posted Wolfspeed (NYSE: WOLF) on Monday at $11.403, which reported signing a non-binding preliminary memorandum of terms with the U.S. Department of Commerce, valued up to $750 million in proposed direct funding, under the CHIPS and Science Act, and an additional $750 million in new funding from a consortium of investment funds.
Wolfspeed plans to use these investments to support its long-term growth plans and bolster domestic production of silicon carbide to power clean energy systems underpinning electric vehicles (EVs), artificial intelligence (AI) data centers, battery storage and more.
Additionally, Wolfspeed expects to receive $1 billion of cash tax refunds from the CHIPS and Science Act’s (section 48D) advanced manufacturing tax credit.
The Ccompany believes that the up to $2.5 billion of projected capital will support the expansion of its domestic silicon carbide manufacturing, bolster Wolfspeed’s balance sheet, help fuel significant growth through cash generation, and ensure a clear path to profitability.
MoBot alerted Top Wealth Group (NASDAQ: TWG) on Monday at $1.815. Top Wealth Group announced that it raised approximately $10.8 million, less offering expenses and fees, by closing public offering of 27,000,000 ordinary shares at a public offering price of $0.40 per ordinary share.
Despite being offline for an update, this morning, MoBot still caught 180 Life Sciences (NASDAQ: ATNF) at $10.418, before it hit its $17.75 high of the day.
Blair Jordan, Interim CEO of 180 Life Sciences (NASDAQ:ATNF) penned a shareholder letter that outlined the Company’s plans to strategically enter into the online gaming industry, utilizing its newly acquired “back-end” gaming platform, the Gaming Technology Platform which incorporates blockchain technology and full cryptocurrency operability.
Although 180 has yet to determine its first launch jurisdiction, it expects to launch its planned B2C casino operations in established and high-growth iGaming markets, including Germany, Brazil, India, Canada, and Colombia.
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