Notable 14 March 2024 Newsmakers

DENVER, Colo., Mar 14, 2024 (247marketnews.com)- This morning’s notable listings with recent news include Lithium Americas Corp. (NYSE:LAC), Robinhood Markets, Inc. (NASDAQ:HOOD), Brera Holding (NASDAQ:BREA), Spero Therapeutics, Inc. (NASDAQ:SPRO), and Auddia Inc. (NASDAQ:AUUD).

Lithium Americas Corp. (NYSE:LAC) reported that it received a conditional commitment from the U.S. Department of Energy for a $2.26 billion loan, to fund the construction of the processing facilities at Thacker Pass, under the Advanced Technology Vehicles Manufacturing Loan Program.

Thacker Pass is largest known Measured and Indicated lithium resource in North America and LAC believes that the project will initially produce 40,000 metric tons per year of battery grade lithium carbonate. The project’s first phase is expected to create approximately 1,800 direct jobs during its three-year construction period and approximately 360 operations jobs for its 40-year expected mine life.

For further LAC info, please click here for further info.

Robinhood Markets, Inc. (NASDAQ:HOOD) released its monthly operating data report for February 2024, which shows that Robinhood added 130,000 funded customers in February and closed the month with 23.6 million funded customers.

Robinhood grew its Assets Under Custody by 16% in February, to $118.7 billion, with $3.6 billion in February net deposits, and an annualized growth rate of 42% relative to January 2024 AUC. Over the last twelve months, Net Deposits were $21.6 billion, translating to an annual growth rate of 29% relative to February 2023 AUC.

For further HOOD information, please click here.

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.

The Future is Fútbol confirmed that soccer is the fastest-growing team sport in America and, 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.”

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.

For further BREA info, please click here.

Spero Therapeutics, Inc. (NASDAQ:SPRO) reported its fourth quarter and full year 2023 financial results, and provided a business update.

Spero finished 2023 $76.3 million in cash and cash equivalents. It has since received $23.8 million, the first tranche of the $95 million in development milestones from GSK, and expects that its cash and cash equivalents, together with other non-dilutive funding commitments, will be sufficient to fund its operating expenses and capital expenditure requirements into late 2025.

For further SPRO info, please click here

Auddia Inc. (NASDAQ:AUUD) recently partnered with Sounds Profitable, to support Auddia’s renewed focus on SaaS and integration partnerships.

“We’re delighted to kick off this partnership,” said Michael Lawless, CEO of Auddia. “While we were developing our latest AI and Natural Language Processing (NLP) technologies aimed at podcasting audio, it became clear that the opportunities to integrate this tech into other platforms outweighed the benefits of simply launching the feature in a beta trial within the faidr app. We are prioritizing this new integration initiative, and partners like Sounds Profitable are going to be key to its success.”

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