5 Hot Trades with News GRYP, ARLSF, CTMX, FRGT, and CAN

May 12, 2025

DENVER, Colo., May 12, 2025 (247marketnews.com)- The markets are full of stocks running on tariff, crypto, and other developments.

Gryphon Digital Mining (NASDAQ:GRYP) entered into a definitive merger agreement with American Bitcoin, which is focused on building America’s Bitcoin infrastructure backbone, in which Gryphon will acquire American Bitcoin in a stock-for-stock merger transaction. The combined company will operate under the American Bitcoin brand, is expected to trade on Nasdaq under the ticker symbol “ABTC”, and led by American Bitcoin’s management.

Argo Living Soils (OTCQB:ARLSF) is in discussions to expand its research and development (R&D) agreement with Graphene Leaders Canada (GLC), to include the development of graphene-infused asphalt solutions and reflects Argo’s commitment to advancing eco-friendly, high-performance materials for industrial applications.

CytomX Therapeutics (NASDAQ:CTMX) priced an underwritten offering of 76,923,076 shares of its common stock at an offering price of $1.30 per share, approximately $100 million before fess and underwriting discounts.

Freight Technologies (NASDAQ:FRGT) issued two additional $1 million convertible notes to purchase Official Trump (“TRUMP”) tokens, increasing Fr8Tech’s purchases of TRUMP to $2 million.

Canaan (NASDAQ:CAN) is higher on tariff news and plans to report its financial results for the first quarter ended March 31, 2025, before the U.S. market opens on May 20, 2025.

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