The MoBot Report

October 17, 2024

DENVER, Colo., Oct 17, 2024 (247marketnews.com)- MoBot’s, the 24/7 Market News momentum bot, recent alerts included Tevogen Bio (NASDAQ: TVGN), NUZEE (NASDAQ: NUZE), Nixxy (NASDAQ:NIXX), Bright Minds (NASDAQ: DRUG), Wolfspeed (NYSE: WOLF), and Top Wealth Group (NASDAQ: TWG).

MoBot alerted Tevogen Bio (NASDAQ: TVGN) on October 10 at $0.393. TVGN hit $2.47, today, after the Company and its founder, CEO Dr. Ryan Saadi, were honored by the Township of Warren, New Jersey, in recognition of their Nobel Prize nomination for pioneering business model to alleviate health inequality through breakthrough life-saving medical innovations.

Hema Patel, Managing Partner of HMP Partners and The Patel Family LLP, commented, “We are impressed by Leadership’s extensive industry experience resulting in achieving key milestones in record times including granted patents and a product pipeline in multiple therapeutic areas. In 2022, Tevogen Bio was named as the highest-valued biotech unicorn at $4.2 billion. With further advancements, including positive proof-of-concept clinical trial, we estimate current market value of its robust intellectual property and product portfolio excluding other assets to exceed $10 billion in current market value with significant revenue potential.”

Saadi, added, “We are pleased to continue partnering with this exceptional group of investors who, as medical experts, recognize the vast potential of genetically unmodified personalized CD8+ Cytotoxic T lymphocytes for therapeutic purposes. As we prepare to share the multi-billion-dollar projected top-line revenue forecast later today, I want to thank all Tevogen shareholders for their continued support.”

NUZEE (NASDAQ: NUZE) was alerted at $0.517 this morning following the Company’s announcement that it moved its U.S. operations from California to Florida, and established offices in Singapore, Hong Kong, Mainland China and other regions. It traded as high as $2.17, today.

Jiangshang Wang, the Chairman of the Board of Directors and CEO of NUZEE, commented, “As the new CEO of the Company, I will propose a long-term strategic approach that is more suitable for the development of Nuzee, to meet the constantly changing market demands. I hope that with the development of the Company’s global business, the Company may improve its performance and create greater value for its shareholders.”

MoBot caught Nixxy (NASDAQ:NIXX) at $4.401 on the heels of its business acquisition strategy news, which is focused on profitable businesses that operate in traditional markets and enhance their operations with technology and data analytics. Nixxy went on to reach $11.88 in this morning’s premarket.

Nixxy is prioritizing sectors are ripe for digital transformation but have not yet experienced substantial technological disruption, where technology can enhance operations and efficiencies.

The acquisition targets will have net revenues between $10 million and $100 million, with 40% or better gross profit margins, and Nixxy will use Radix AI to decipher and analyze data and leverage it within specific industries.

The goal is to create at least $1 billion enterprise value in the next 3 years.

MoBot posted Bright Minds (NASDAQ: DRUG) on Monday at $1.426.

After nearly kissing $60 in Tuesday’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. Bright Minds is still trading in the twenties.

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 traded as high as $17.155 and appears to be consolidating.

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 Company 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.

After hitting a new 52-week high of $8.5999, TWG is holding a significant amount of its recent gains.

Please go to 247marketnews.com to sign up for free MoBot alerts and view Mobot’s real time data

About 24/7 Market News
As a pioneer in digital financial market media, 24/7 Market News (24/7MN) is dedicated to the swift distribution of financial market news and information. 24/7 MN incorporates comprehensive corporate communications resources and tools to engage the investment community. Visit 24/7 Market News website here.

24/7 MARKET NEWS, INC Disclaimer
Please go to https://247marketnews.com/disclaimer/ for disclaimer information.

CONTACT:
24/7 Market News
Editor@247marketnews.com

Related news for (TVGN, NUZE, NIXX, DRUG, WOLF, TWG)

NASDAQ and NYSE quotes and data are delayed 15 minutes unless indicated otherwise. Market data and exchange information are provided for informational purposes only and is not intended for trading purposes. Neither 24/7 Market News Editors, 247 Market News, or data and content providers shall be liable for any errors or omissions, delays, misquotes or other market information relayed in any press materials. You should Use Realtime data to conduct due diligence before investing or trading, and trading in any stock is risky you could lose all your money.