Ex-Blue Origin President-Led SPAC C5 Acquisition Prices US$250 Million IPO
Blank check company C5 Acquisition Corporation (NYSE: CXAC.U) is looking to raise US$250 million for its initial public offering. The company went public on Friday on the New York Stock Exchange and is expected to close on January 11, 2022. The offering consists of 25.0 million company units selling at US$10.00 per unit. Each unit […]
Robinhood To Face Increased Competition From Acorns Grow, A Spare-Change Investing Platform
Reflecting the dramatic change in market mood over the last handful of months from embracing to disdaining high-valuation unprofitable stocks, Robinhood Markets, Inc. (NASDAQ: HOOD) shares have lost about 85% of their value since early August 2021. Whenever a stock corrects that drastically, investors are rightly tempted to establish a long position thinking a reflex rally is possible. In […]
Euro Inflation Soars Past Record as ECB Struggles to Maintain Transitory Narrative
Inflation across the euro area surpassed previous record levels in December, eroding at consumer sentiment and further dismantling the ECB’s transitory narrative. According to latest data from Eurostat, consumer prices rose a staggering 5% from one year ago in December, surpassing the previous month’s annual increase of 4.9% and above the 4.8% forecast by economists […]
Palihapitiya-Led SPACs Social Capital Suvretta I & III In Talks For Reverse Mergers
Two of the blank-check firms led by prolific SPAC backer Chamath Palihapitiya are gearing for a business combination. Social Capital Suvretta Holdings Corp I (Nasdaq: DNAA) is said to be eyeing a merger with biotech startup Akili Interactive, while Social Capital Suvretta Holdings Corp III (Nasdaq: DNAC) is reportedly in the discussion phase to take […]
F45 Training Projects US$133 – $136 Million In Revenue For 2021
F45 Training Holdings Inc. (NYSE: FXLV) released today its updated revenue guidance for the fiscal year 2021 ended December 31, 2021. The firm is projecting the annual revenue to fall between US$133 and US$136 million, a narrower range from the previously announced outlook of US$132 – US$137 million. The revenue guidance represents 62% to 66% […]
O3 Mining Drills 35.8 G/T Gold Over 8.9 Metres At Marban Project
O3 Mining Inc. (TSXV: OIII) this morning provided an update on its drill program at its Marban property in Val-d’Or, Québec. The results highlight an intersect of 35.8 g/t gold over 8.9 metres. The results come from 15 holes drilled in and around the “open-pittable deposits” at the property. Highlights from the drill results include: O3MA-21-187 […]
Osisko Development Disposes 7.7% Equity On Minera Alamos For $18.5 Million
Osisko Development (TSXV: ODV) announced on Friday that it has disposed of a number of Minera Alamos (TSXV: MAI) common shares. The transaction was reported to have grossed a total of $18.5 million in proceeds. The gold firm disposed of a total of 34.29 million common shares it held on Minera Alamos, at a price ranging […]
Lion Electric Takes Possession Of 20,000 Annual Vehicle Capacity Illinois Facility
The Lion Electric Company (TSX: LEV) started the year with major updates. The automaker announced that it has taken possession of its upcoming production facility in Joliet, Illinois. The firm said the manufacturing facility has an expected annual production capacity of up to 20,000 vehicles, claiming it will “represent the largest dedicated production site for zero-emission […]
Tilray Sees Cannabis Revenues Fall 16.6% In Second Quarter 2022
Tilray Inc (TSX: TLRY) this morning reported its fiscal second quarter results for the period ended November 30, while also announcing a name change. The firm will be changing its name to Tilray Brands, Inc, which is intended to “reflect the company’s evolution from a Canadian LP to a global consumer packaged goods company powerhouse.” […]
Banyan Intersects 84.5 Metres Of 1.32 g/t Gold At AurMac
Banyan Gold (TSXV: BYN) this morning reported further assay results from its Powerline Deposit at its Aurmac Property in Yukon. The results consist of a total of five drill holes conducted in 2021. Highlight results from the program include: AX-21-151: 1.32 g/t gold over 84.5 metres AX-21-136: 0.43 g/t gold over 79.7 metres AX-21-159: 0.60 […]