Top Midday Stocks in the News: SYTA, TNON, POAI, DM, DATS, and MLGO

March 25, 2025

DENVER, Colo., Mar 25, 2025 (247marketnews.com)- Siyata Mobile’s (NASDAQ:SYTA) $160 million merger target, Core Gaming, announced that it entered into an arrangement with Fire Rhino Studios, which calls for Core Gaming and Fire Rhino to collaborate on an R&D initiative to create and promote games in the casual gaming market.

Aitan Zacharin, Core Gaming’s CEO, will lead the combined companies when the merger is finalized. Zacharin, was recently quoted as saying, “If you extrapolate that number, the value of that 10% legacy shares should be worth over $16 million and with approximately 2 million shares currently outstanding, Siyata’s market capitalization is hovering around $5 million.”

Tenon Medical (NASDAQ:TNON) reported a game-changing milestone: the FDA cleared an expanded indication for its Catamaran SI Joint Fusion System. Now approved to augment thoracolumbar spinal fusion alongside its stand-alone SI joint treatment role, this breakthrough opens a significant new market lane for Tenon in the $10 billion spinal fusion sector.

Tenon Medical then reported a small funding for the issuance and sale of 733,500 shares of its common stock in a registered direct offering priced at-the-market under Nasdaq rules at a purchase price of $2.00.

Predictive Oncology (NASDAQ:POAI) unveiled predictive models built from 21 never-before-seen compounds, sourced from the University of Michigan’s Natural Products Discovery Core (NPDC). Targeting prevalent cancers—breast, colon, and ovary—these models mark a true breakthrough in drug discovery, slashing timelines and boosting success odds with Predictive’s active machine learning platform.

Desktop Metal (NYSE:DM) stated that the Delaware Court of Chancery ruled in its favor in its pending litigation against Nano Dimension and Nano US I (collectively Nano), regarding the merger agreement between Desktop Metal and Nano. The Court’s post-trial opinion and order found that Nano materially breached the Merger Agreement, rejected Nano’s counterclaims, and granted Desktop Metal specific performance. The Court ordered that, within 48 hours of its order, Nano must agree to and execute a national security agreement with the Committee on Foreign Investment in the United States, which is the sole remaining condition to closing the merger. The Court further ordered that if the closing has not occurred by March 31, 2025, the end date under the Merger Agreement may be extended, at Desktop Metal’s discretion, until the closing of the merger.

DatChat’s (NASDAQ:DATS) Myseum Social Media Platform is now live for download on Apple iOS and Android devices. Datchat is sponsoring and participating in The Photo Managers Conference 2025, set for April 22-26 in San Diego, California.

MicroAlgo (NASDAQ:MLGO) announced, Friday afternoon, that it’s set to bolster its balance sheet with a fresh issuance of shares at $0.80 each, as it moves to repay a $20 million convertible bond inked with creditors on October 7, 2024. This strategic step follows a creditor push to convert the 360-day bonds into equity, leveraging terms that peg the conversion price at 70% of the lowest closing market price over the prior 60 trading days—a figure now landing at $0.80 per share.

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