The MoBot Report

October 18, 2024

DENVER, Colo., Oct 18, 2024 (247marketnews.com)- MoBot’s recent alerts included Bright Minds (NASDAQ: DRUG), Tevogen Bio (NASDAQ: TVGN), SOBR Safe (NASDAQ: SOBR), Wolfspeed (NYSE: WOLF), and Top Wealth Group (NASDAQ: TWG).

MoBot posted Bright Minds (NASDAQ: DRUG) on Monday at $1.426 and it nearly kissing $60 in Tuesday’s afterhours, on over 100 million shares traded, which is way more than 20X its reported float or outstanding shares, so it’s doubtful all those trades cleared, so today’s squeeze wasn’t a surprise.

Bright Minds announced that it’s raising $35,000,000 private placement of the Company’s common shares at USD$21.70 per share, which is a huge win for a company that was trading under $2 on Monday.

It hit $69 today and, if it can hold $50 level, it could consolidate for another run, but watch out for the momentum killing halts.

MoBot alerted Tevogen Bio (NASDAQ: TVGN) on October 10 at $0.393. TVGN 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.”

MoBot spotted SOBR Safe (NASDAQ: SOBR) on October 4 at $6.026 and it this morning’s premarket high was $29.45, after it filed a Form RW scratching its proposed $8.2 million public offering of 2.02 million units at $4.05 per unit.

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.

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.

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