Lunchtime Leader Board 13 March 2024

DENVER, Colo., Mar 13, 2024 (247marketnews.com)- Li-Cycle Holdings Corp. (NYSE:LICY), Brera Holding (NASDAQ:BREA), Gaxos.ai Inc. (NASDAQ:GXAI), The Beauty Health Company (NASDAQ: SKIN), and Heron Therapeutics, Inc. (NASDAQ:HRTX) are among today’s lunchtime leaders.

Li-Cycle Holdings Corp. (NYSE:LICY) reported, yesterday, that it entered into an agreement with Glencore to issue a senior secured convertible note in an aggregate principal amount of $75 million, building on their existing long-term partnership.

Ajay Kochhar, Li-Cycle co-founder and CEO, commented: “We are pleased to secure an additional $75 million investment from Glencore, following Glencore’s June 2022 investment, to improve our liquidity position while we continue our ongoing comprehensive review process. This financing enhances Li-Cycle and Glencore’s existing long-term, strategic partnership and represents an interim step in our funding strategy to support Li-Cycle’s future plans. We also continue to work closely with the U.S. Department of Energy on the conditional commitment for a loan of up to $375 million.”

Tim Johnston, Li-Cycle co-founder and Executive Chairman, commented: “As part of our previously announced comprehensive review, Li-Cycle is continuing to review our global recycling network. We are also reviewing our go-forward strategy for the paused Rochester Hub, including analyzing potential end-product mix options and construction strategy. We believe the demand for critical battery materials continues to accelerate and Li-Cycle continues to work to position itself as a future leader in the production of critical battery materials through our sustainable, safe, and patented recycling technology.”

Brera Holding (NASDAQ:BREA) appointed Dicey Perrine to head its US Multi Club Ownership (MCO) operations, as several major drivers are accelerating the beautiful game’s US popularity.

According to a recent Gallup poll, an all-time high of 31% of Americans are soccer fans and Telemundo Deportes commissioned a report entitled The Future is Fútbol, which confirmed that soccer is the fastest-growing team sport in America.

However, as worldsoccertalk.com reported, “With the explosive growth and strengthening of the game domestically over the past 30 years, it is especially exciting to think about where we go from here. The 1994 FIFA World Cup in the USA still holds the all-time tournament attendance record (despite only having 24 teams and fewer games than subsequent tournaments) and was the most commercially successful edition ever. When 2026 brings the World Cup back to North America, with an expanded field of 48 teams, those records will surely be smashed.”

“We are thrilled to have Dicey join our team as the Head of US Operations,” said Brera Holdings CEO, Pierre Galoppi. “Her blend of leadership skills, sports expertise, and business savvy makes her the ideal candidate to lead our expansion in the US. With Dicey at the helm, we are confident in our ability to achieve great success and make a lasting impact in the world of sports and beyond.”

Perrine joins a management and advisory team that includes Daniel McClory, renowned investment banker and Brera’s Executive Chairman, who just acquired a majority stake in Brera Holdings; and an advisory board that includes Massimo Ferragamo, Chairman of Ferragamo USA, Alan Rothenberg, Major League Soccer Founder and World Cup Director, Sports Business Leaders, Paul Tosetti and Marshall Geller, and Football Icon, Giuseppe Rossi, to Brera’s all-star Advisory Board.

Gaxos.ai Inc. (NASDAQ:GXAI) acquired the rights to use certain AI-enabled technology from Ultiself, a biohacking app, to to accelerate Gaxos Health’s development and help solidify its position in the health and wellness industry.

“By securing the rights to use this tech, we will be able to accelerate the development of our AI-enabled application for the Gaxos Health product offering,” said Vadim Mats, CEO of Gaxos.AI. “This tech is intended to allow us to offer a more customized approach to delivering customers diet, nutrition, and tracking capabilities.

The Beauty Health Company (NASDAQ: SKIN) promoted Marla Beck from the Company’s interim Chief Executive Officer to its permanent President and CEO.

“Over the past few months, the Board has undertaken an extensive search to identify BeautyHealth’s next CEO,” said Chairman of the Board Brent Saunders. “The Board unanimously agrees that Marla has done an outstanding job during her tenure as Interim CEO and that she is the right person to lead BeautyHealth into the future. Marla is an assured leader, focused on performance. As a beauty industry veteran, she brings a deep understanding of the sector and a track record of building enduring and authentic brands that deliver significant value. Marla possesses a deep understanding of the challenges and opportunities ahead for BeautyHealth, and the Board is confident in her steadying leadership.”

Heron Therapeutics, Inc. (NASDAQ:HRTX) reported its financial results for the fourth quarter and full year, and highlighted recent corporate updates.

“In the fourth quarter of 2023, Heron saw continued positive momentum and an increased sales trajectory in both our acute care and oncology care franchises, illustrating how the strategic decisions made over the past year have positioned the Company for long-term success and profitability,” said Craig Collard, Chief Executive Officer of Heron. “I am pleased to share this quarterly update and look forward to building upon what we achieved in the fourth quarter of 2023, providing substantial value and meaningful solutions in the acute care and oncology care settings.”

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