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Agrify

Agrify Corp is a leading provider of innovative cultivation and extraction solutions for the cannabis industry, bringing data, science, and technology to the forefront of the market. Its proprietary micro-environment-controlled Agrify Vertical Farming Units (VFUs) enable cultivators to produce high-quality products The products offered by the company include Integrated Grow Racks, LED Grow Lights, Hydroponics, and Vertical Farming Units.

Agrify Corp

The highly anticipated HBO documentary, which has piqued the interest of the cryptocurrency community since its trailer drop, aired Tuesday night and named Peter Todd as Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) creator Satoshi Nakamoto.
What happened: The documentary <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41242615/peter-todd-is-satoshi-nakamoto-bitcoin-core-developer-denies-hbo-documentary-claims-im-not">covered Bitcoin&#8217;s roots and introduced</a> various figures from the early days of its development, eventually locking in on the Bitcoin core developer.
In anticipation of the reveal, meme coins referencing the cryptocurrency&#8217;s purported inventors gained popularity, several of which tanked after Todd was identified as Satoshi.
Coins inspired by late computer scientist Len Sassaman, who was briefly <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41200679/len-sassaman-is-bitcoin-creator-satoshi-nakamoto-in-hbo-documentary-polymarket-punters-see">cryptocurrency bettors' favorite</a>, nosedived, with LEN dropping as much as 85%, and SASHA, referencing Sassaman's cat plunging 61%, according to CoinMarketCap.
Memecoin linked to Blockstream CEO Adam Back, who was featured in the documentary, sank over 96%. Similarly, SZABO, inspired by Nick Szabo, whom tech mogul Elon Musk had once alluded to being Satoshi, tumbled nearly 90%.&nbsp;
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Losses (Recorded at 2:15 a.m. EDT)</td>
</tr>
<tr>
<td>Adam Back (ADAM)</td>
<td>96.80%</td>
</tr>
<tr>
<td>SZABO</td>
<td>89.74%</td>
</tr>
<tr>
<td>Len Sassaman (Ethereum) (LEN)</td>
<td>85.57%</td>
</tr>
<tr>
<td>SASHA CAT (SASHA)</td>
<td>61.29%</td>
</tr>
</tbody>
</table>
</figure>
Expectedly, a meme coin tied to Todd, PeterTodd, <a href="https://coinmarketcap.com/dexscan/solana/CTR1e6ukfkJs9182rVrkPYhvD4Gdvn2rGoigf2DH32hQ/">exploded </a>by 1591% on the reveal.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41243108/peter-schiff-encourages-microstrategy-founder-micheal-saylor-to-borrow-another-4-3b-to-buy">Peter Schiff Encourages MicroStrategy Founder Micheal Saylor To &#8216;Borrow&#8217; Another $4.3B To Buy Bitcoin That US Plans To Sell: &#8216;Once In A While, The Government Does Something Smart&#8217;</a>
Why It Matters: Satoshi Nakamoto is the pseudonym for whoever wrote the Bitcoin <a href="https://bitcoin.org/bitcoin.pdf">whitepaper </a>and is credited with developing the first-ever cryptocurrency project.
Several persons <a href="https://www.benzinga.com/money/who-is-satoshi-nakamoto">have claimed or were believed</a> to be Satoshi, but their genuine identity is yet to be confirmed.
Even in the latest development, Todd has categorically denied being Satoshi.&nbsp;
Price Action: At the time of writing, Bitcoin was exchanging hands at $62,417.25, barely changed in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. 
Photo via Shutterstock
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41243775/xrp-etf-buzz-increases-as-canary-capital-pursues-sec-for-greenlight-on-its-fund-will-the-g">XRP ETF Buzz Increases As Canary Capital Pursues SEC For Greenlight On Its Fund — Will The Gary Gensler-Led Regulator Give Its Nod?</a></li>
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Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

News

Markets

$BTC

Peter Todd-Themed Memecoin Explodes Over 1500% After HBO Documentary Identifies Him As Bitcoin-Creator Satoshi Nakamoto — Len Sassaman, Adam Back-Inspired Coins Tank

IBKR

Interactive Brokers And SNB Capital Team Up To Give Investors Direct Access To Saudi Exchange

CNH Industrial N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNH#NYSE">CNH</a>) today announced that its indirect wholly owned subsidiary, CNH Industrial Capital Canada Ltd., has priced Cdn$300 million in aggregate principal amount of&nbsp;4.00%&nbsp;notes due April 11, 2028, with an issue price of&nbsp;99.964%..
CNH Industrial Capital Canada Ltd. intends to add the net proceeds from the offering to its general funds and use them for working capital and other general corporate purposes, including, among other things, the purchase of receivables or other assets in the ordinary course of business, as well as the repayment of indebtedness as it becomes due.

Reported Earlier, CNH Industrial Capital Canada Prices C$300M In 4-Year Senior Unsecured Notes

The CNN Money Fear and Greed index showed an improvement in the overall market sentiment, while the index remained in the &#8220;Greed&#8221; zone on Tuesday.
U.S. stocks settled higher on Tuesday, with the S&amp;P 500 gaining around 1% during the session. Technology stocks recorded gains on Tuesday, with Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) adding 4% and 3% respectively, during the session.
PepsiCo Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) <a href="https://www.benzinga.com/news/earnings/24/10/41225048/pepsico-adjusts-2024-revenue-expectations-after-mixed-q3-performance-and-global-challenges">reported</a> mixed third-quarter results and lowered its 2024 organic revenue guidance.
On the economic data front, the NFIB Small Business Optimism Index rose to 91.5 in September compared to 91.2 in August, and down from market estimates of 91.7. The trade deficit in the U.S. shrank to $70.4 billion in August, recording the lowest level in five months, compared to a revised $78.9 billion gap in July and versus market estimates of a $70.6 billion shortfall.
Most sectors on the S&amp;P 500 closed on a positive note, with consumer discretionary, information technology, and communication services stocks recording the biggest gains on Tuesday. However, energy and materials stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by around 126 points to 42,080.37 on Tuesday. The S&amp;P 500 rose 0.97% to 5,751.13, while the Nasdaq Composite climbed 1.45% at 18,182.92 during Tuesday's session.
Investors are awaiting earnings results from Helen of Troy Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HELE#NASDAQ">HELE</a>), E2open Parent Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETWO#NYSE">ETWO</a>), and AZZ Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZZ#NYSE">AZZ</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 71.9, the index remained in the &#8220;Greed&#8221; zone on Tuesday, versus a prior reading of 69.4.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/24/10/41238686/jim-cramer-ast-spacemobile-is-just-too-hot-recommends-buying-this-tech-stock">Jim Cramer: AST SpaceMobile Is &#8216;Just Too Hot,&#8217; Recommends Buying This Tech Stock</a></li>
</ul>
Photo courtesy: Shutterstock

Earnings

Pre-Market Outlook

Trading Ideas

AVGO

ETWO

HELE

NVDA

S&P Gains 1% As Nvidia, Broadcom Shares Surge: Investor Optimism Improves, Fear Index Remains In 'Greed' Zone

<ul>
<li>Collaboration Leverages Technosylva&#39;s Advanced AI and Machine Learning to Strengthen Resilience and Prepare for Extreme Weather</li>
</ul>

Reported Earlier, CenterPoint And Technosylva Collaborate On AI-Driven Weather Resilience Solutions

<ul>
<li>Hyundai Motor Group and&nbsp;Nanyang Technological University,&nbsp;Singapore&nbsp;collaborate in the field of hydrogen energy and advanced energy system</li>
<li>The partnership aims to advance towards carbon neutrality through joint research with world-renowned NTU</li>
<li>HMGICS,&nbsp;NTU and A&#x2A;STAR to establish a tripartite Corporate Lab Program for collaborative research in AI, robotics and 3D printing</li>
</ul>

HYMTF

Reported Earlier, Hyundai And NTU Singapore Launch Joint Research On Sustainable Energy And Manufacturing Solutions

BPTH

Reported Earlier, Bio-Path Holdings Raises $4M Through At-the-Market Private Placement

KinderCare&#39;s common stock is expected to begin trading on The New York Stock Exchange on October 9, 2024, under the symbol &quot;KLC.&quot; The offering is expected to close on October 10, 2024, subject to customary closing conditions.
KinderCare intends to use the net proceeds that it receives from the offering to repay amounts outstanding under its existing indebtedness and pay expenses.

IPOs

Reported Earlier, KinderCare Learning Prices Initial Public Offering Of 24M Common Shares At $24/Share

With U.S. stock futures trading lower this morning on Wednesday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Helen of Troy Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HELE#NASDAQ">HELE</a>) to report quarterly earnings at $1.04 per share on revenue of $458.24 million before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Helen of Troy shares gained 2.5% to $63.93 in after-hours trading.</li>
<li>Saratoga Investment Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAR#NYSE">SAR</a>) reported better-than-expected earnings and sales results for its second quarter. The company reported quarterly earnings of $1.33 per share which beat the analyst consensus estimate of 94 cents per share. Saratoga Investment shares gained 8.1% to $25.50 in the after-hours trading session.</li>
<li>Analysts expect AZZ Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZZ#NYSE">AZZ</a>) to post quarterly earnings at $1.32 per share on revenue of $411.8 million. The company will release earnings after the markets close. AZZ shares gained 1% to $81.50 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Cardiol Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRDL#NASDAQ">CRDL</a>) announced a preliminary prospectus for a proposed public offering of common stock. However, the size of the offering was not disclosed. Cardiol Therapeutics shares dipped 11.7% to $1.7301 in the after-hours trading session.</li>
<li>Analysts expect E2open Parent Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETWO#NYSE">ETWO</a>) to post quarterly earnings at 5 cents per share on revenue of $154.82 million after the closing bell. E2open shares gained 2.5% to $4.11 in after-hours trading.</li>
</ul>
Check This Out: 
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<li><a href="https://www.benzinga.com/markets/24/10/41238686/jim-cramer-ast-spacemobile-is-just-too-hot-recommends-buying-this-tech-stock">Jim Cramer: AST SpaceMobile Is &#8216;Just Too Hot,&#8217; Recommends Buying This Tech Stock</a></li>
</ul>
Photo courtesy: Shutterstock

CRDL

AZZ, Helen of Troy And 3 Stocks To Watch Heading Into Wednesday

Under the terms of the agreement, Newmont is expected to receive cash consideration of&nbsp;$900 million&nbsp;upon closing. A further&nbsp;$100 million&nbsp;is expected to be received upon the satisfaction of certain conditions.1

Reported Earlier, Newmont To Divest Akyem Mine In $1B Deal With Zijin Mining

Baidu Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) is reportedly considering expanding its robotaxi unit, Apollo Go, into international markets. This move comes as the company&#8217;s CFO, Rong Luo, transitions to a <a href="https://www.benzinga.com/news/24/10/41233309/why-baidu-stock-is-falling">new role within the company</a>.
What Happened: Baidu&#8217;s Apollo Go is in discussions with several companies to potentially expand its robotaxi services to global markets in the near future, <a href="https://www.cnbc.com/2024/10/09/baidus-robotaxi-unit-is-exploring-expansion-into-global-markets-in-the-near-future.html">reported</a> CNBC, citing a source familiar with the matter. The specifics of the expansion, such as the timing and regions, are yet to be disclosed.
Baidu did not immediately respond to&nbsp;<a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga</a>'s request for comment.
Baidu is a significant player in the Chinese robotaxi market, with regulators in certain regions allowing commercial operations of self-driving taxis, a significant shift from previous regulations that only permitted internal testing.
Meanwhile, Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) is gearing up for its highly anticipated robotaxi event, scheduled for Thursday. In a separate move, WeRide, another Chinese robotaxi developer, recently announced a partnership with Uber to integrate its cars onto the ride-hailing giant&#8217;s platform in Abu Dhabi.
See Also: <a href="https://www.benzinga.com/news/24/10/41223011/rivians-production-guidance-cut-spurred-by-miscommunication-with-atlanta-based-supplier-resulting-in?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Rivian&#8217;s Production Guidance Cut Spurred By Miscommunication With Atlanta-Based Supplier, Resulting In Shortage Of Critical Copper Windings For Its Motor: Report</a>
Why It Matters: Baidu&#8217;s move to expand its robotaxi services internationally comes at a time when the company&#8217;s stock is facing challenges. During Tuesday's session, Baidu&#8217;s shares took a hit, dropping by 6.7% to $106.75, as Chinese planning officials reportedly <a href="https://www.benzinga.com/news/24/10/41233309/why-baidu-stock-is-falling">fell short of investor stimulus expectations</a>.
However, Baidu&#8217;s robotaxi unit has been making strides in its domestic market. In August, Goldman Sachs analyst Lincoln Kong noted that Baidu&#8217;s robotaxi unit was <a href="https://www.benzinga.com/news/24/08/40556758/baidus-robotaxi-has-been-getting-closer-to-scalable-adoption-with-unit-economics-breakeven-in-sight">getting closer to scalable adoption</a>, with unit economics breakeven in sight.
Despite Baidu&#8217;s progress, Tesla is still expected to <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40573531/why-tesla-is-likely-to-dominate-robotaxi-market-despite-googles-waymo-and-baidu-hol">dominate the robotaxi market</a>, according to Ark Invest analyst Tasha Kenney.
Back in March, Baidu made headlines for launching China&#8217;s first 24/7 robotaxi service, a significant milestone for the company&#8217;s <a href="https://www.benzinga.com/markets/equities/24/03/37558713/whats-going-on-baidu-stock-after-launching-chinas-first-247-robotaxi-service">autonomous ride-hailing service platform Apollo Go</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41201829/tesla-dismisses-recent-recall-of-over-27k-cybertrucks-says-it-is-just-a-free-over-the-air-software-u?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla Dismisses Recent Recall Of Over 27K Cybertrucks, Says It Is Just A Free Over-The-Air Software Update: &#8216;How Will Our Owners Ever Recover From This Ordeal&#8217;</a></li>
</ul>
Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Equities

Global

BIDU

TSLA

Tesla's Party Could Be Crashed By Baidu As Chinese Rival Considers Global Robotaxi Expansion

Following a court ruling, Turkey has banned the <a href="https://www.benzinga.com/government/23/07/33127619/classified-document-leak-on-discord-prompts-pentagon-to-strengthen-security-procedures">widely-used instant messaging</a> platform Discord, according to the country&#8217;s&nbsp;Information Technologies and Communication Authority or BTK.
What Happened: On Wednesday, a court in Ankara, Turkey&#8217;s capital, enforced the ban due to allegations&nbsp;of &#8220;child sexual abuse and&nbsp;obscenity&#8221; associated with the San Francisco-based platform, reported Reuters.
The Turkish Justice Minister, Yilmaz Tunc, a member of Recep Tayyip Erdoğan&#8217;s cabinet, affirmed the government&#8217;s commitment to safeguarding the youth from harmful online content.
Taking to X, formerly Twitter, Tunc said, &#8220;We are determined to protect our youth and children, from the harmful publications of social media and the internet that constitute crimes. We will never allow attempts to shake the foundations of our social structure.&#8221;
See Also:&nbsp;<a href="https://www.benzinga.com/trading-ideas/long-ideas/24/10/41238300/tesla-robotaxi-ambitions-come-as-most-americans-grow-wary-of-autonomous-tech?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla Robotaxi Ambitions Come As Most Americans Grow Wary Of Autonomous Tech</a>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Ankara Cumhuriyet Başsavcılığının talebi üzerine Ankara 1. Sulh Ceza Hakimliği'nce Discord isimli sosyal medya platformuna 5651 Sayılı ‘İnternet Ortamında Yapılan Yayınların Düzenlenmesi ve Bu Yayınlar Yoluyla İşlenen Suçlarla Mücadele Edilmesi Hakkında Kanun'un 8/1 maddesinde…
&mdash; Yılmaz TUNÇ (@yilmaztunc) <a href="https://twitter.com/yilmaztunc/status/1843794353476481226?ref_src=twsrc%5Etfw">October 8, 2024</a></blockquote>
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The ban comes in the wake of public outrage over the murder of two women by a 19-year-old man, with some Discord users glorifying the killings. This incident led to a public backlash&nbsp;against certain communities on the&nbsp;platform, the report noted.
The ban on Discord follows a similar move by Russia&#8217;s communications regulator.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: This is not the first time Discord has been under scrutiny.
In November last year, the Senate Judiciary Committee subpoenaed Discord&#8217;s CEO Jason Citron, among others, to testify on <a href="https://www.benzinga.com/news/23/11/35887485/senate-demands-answers-from-mark-zuckerberg-linda-yaccarino-and-other-tech-ceos-on-online-child-safe">children&#8217;s online safety</a>. The committee was investigating the companies&#8217; failures in protecting children online.
Apart from Discord, Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) have also faced allegations of online child abuse and obscenity.
In January 2024, Meta CEO Mark Zuckerberg <a href="https://www.benzinga.com/markets/equities/24/01/36875784/its-terrible-metas-zuckerberg-apologizes-to-families-of-online-child-abuse-victims-at-senate-hea">apologized to the families</a> of online child abuse victims at a Senate hearing. The hearing was also attended by X CEO&nbsp;Linda Yaccarino&nbsp;and Snap Inc.&#8217;s Evan Spiegel.
According to data from the National Center for Missing &amp; Exploited Children, incidents of online enticement surged more than twofold in 2023 compared to the prior year.
At the hearing, Michelle DeLaune, the organization&#8217;s CEO, cautioned Congress that the risks to children have reached a critical juncture.
She highlighted the rising prevalence of &#8220;sextortion,&#8221; a form of coercion where a child is threatened or blackmailed by an individual who claims they will distribute explicit images involving the child.
Moreover, the ban on Discord in Turkey and Russia follows a similar ban on X, the social media platform owned by Elon Musk, in Brazil due to accusations of spreading <a href="https://www.benzinga.com/news/24/09/40678732/just-because-elon-musk-is-rich-the-world-doesnt-have-to-put-up-with-his-far-right-ideology-says-braz">hate speech and misinformation</a>. The ban on X <a href="https://www.benzinga.com/news/24/10/41242624/elon-musk-vows-to-defend-freedom-of-speech-but-within-the-boundaries-of-the-law-as-x-gets-brazil-gre">has now been lifted</a>.
Image via Shutterstock
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
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<li><a href="https://www.benzinga.com/news/24/10/41200026/chinese-hackers-breach-at-t-verizon-networks-in-major-wiretap-data-theft-putting-us-national-securit?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Chinese Hackers Breach AT&amp;T, Verizon Networks In Major Wiretap Data Theft Putting US National Security At Risk: Report</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Social Media

Tech

Media

Erdoğan's Justice Minister Speaks Up On Discord Ban In Turkey: 'We Are Determined To Protect Our Youth And Children'

Metals Acquisition Limited (&quot;MAC&quot; or the &quot;Company&quot;) is pleased to announce the launch of an institutional placement of approximately 7.8 million new Chess Depositary Interests (&quot;New CDIs&quot;) to raise ~A$140.0 million (~US$96.2 million1) (before costs) (the &quot;Placement&quot;). The New CDIs are to be issued under the Placement at an offer price of A$18.00 per New CDI (&quot;Offer Price&quot;).
Proceeds of the Placement, together with existing cash, enable MAC to better optimise its balance sheet and de-lever following the acquisition of CSA from Glencore plc in mid-2023, while also providing additional flexibility to pursue strategic inorganic growth opportunities

MTAL

Reported Earlier, Metals Acquisition Limited Prices A$140M Institutional Placement At A$18/CDI

ALPMY

Reported Earlier, Takeda, Astellas, And SMBC Partner To Establish Ciconia Bioventures, Driving Early-Stage Drug Discovery In Japan

Delek Logistics intends to use the net proceeds from the offering (including any net proceeds from the underwriters&#39; exercise of their option to purchase additional common units) to redeem its outstanding convertible preferred units and to repay outstanding borrowings under its revolving credit agreement.

Reported Earlier, Delek Logistics Partners Prices Public Offering Of 3,846,153 Common Units At $39/Unit

Lead Real Estate Collaborates With MEDIROM To Integrate Cutting-Edge Healthtech In ENT TERRACE Hotels

SpaceX&#8216;s Starlink team and T-Mobile US Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>) have activated their Direct-to-Cell coverage to provide emergency alerts for all phones and telecommunications carriers in areas affected by Hurricane Helene as well as <a href="https://www.benzinga.com/markets/equities/24/10/41209505/hurricane-milton-is-floridas-second-storm-in-two-weeks-how-disney-theme-parks-insurance-companie">Florida ahead of Hurricane Milton</a>, the company said on Tuesday.
What Happened: The satellites will allow those in hurricane-affected areas to send text messages to their near and dear ones, contact 911, or receive emergency alerts.
When connected to a Starlink satellite, the phone will show &#8220;T-Mobile SpaceX&#8221; in the network name and have one or two bars of signal, the company said. However, messages might not go through on the first try and might require users to retry, the company said while adding that the service is being delivered on a best-effort basis. 
&#8220;The service works best outdoors, and occasionally works indoors near a window,&#8221; the company added. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">In addition to the thousands (&gt;10k) of Starlink kits we are delivering in response to Hurricane Helene, the <a href="https://twitter.com/Starlink?ref_src=twsrc%5Etfw">@Starlink</a> team and <a href="https://twitter.com/TMobile?ref_src=twsrc%5Etfw">@TMobile</a> activated our Direct to Cell satellites to provide emergency alerts for all phones and carriers of those in affected areas. The <a href="https://twitter.com/FCC?ref_src=twsrc%5Etfw">@FCC</a> has also…
&mdash; SpaceX (@SpaceX) <a href="https://twitter.com/SpaceX/status/1843797123420303789?ref_src=twsrc%5Etfw">October 8, 2024</a></blockquote>
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</figure>
The company <a href="https://www.benzinga.com/news/24/10/41200194/spacex-and-t-mobiles-direct-to-cell-satellite-service-for-hurricane-hit-areas-green-lighted-by-fcc-a">has also received</a> the Federal Communication Commission&#8216;s (FCC) approval to provide coverage in Florida ahead of Hurricane Milton in addition to areas already impacted by Hurricane Helene, the company said.
Hurricane Milton is now <a href="https://www.benzinga.com/news/24/10/41243307/tesla-advises-owners-to-fully-charge-evs-at-home-as-hurricane-milton-approaches-plans-mobile-superch">approaching Florida's west coast</a>. It is expected to make landfall&nbsp;<a href="https://www.benzinga.com/markets/equities/24/10/41239644/hurricane-milton-evacuations-a-matter-of-life-and-death-biden-says-feds-bostic-says-storm-could-" target="_blank" rel="noreferrer noopener">late Wednesday near Tampa</a>&nbsp;as a Category 3 storm before moving toward the Atlantic Ocean.
"Evacuations and other preparations should be completed tonight. Milton has the potential to be one of the most destructive hurricanes on record for west-central Florida,"&nbsp;the National Hurricane Center said on Tuesday while also warning of devastating hurricane-force winds and heavy rainfall.
&#8220;Thank you to the FCC for the rapid approval enabling this capability which is so critical to helping those that have been impacted by Hurricane Helene or are in the path of Hurricane Milton,&#8221; SpaceX President Gwynne Shotwell wrote on X on Tuesday. 
The company President also said that emergency alerts including evacuation notices and other messages have already been sent through the Starlink network. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Thank you to the <a href="https://twitter.com/FCC?ref_src=twsrc%5Etfw">@FCC</a> for the rapid approval enabling this capability which is so critical to helping those that have been impacted by Hurricane Helene or are in the path of Hurricane Milton. With this best effort trial – we have sent emergency alerts through the network… <a href="https://t.co/WTKhoSoS0d">https://t.co/WTKhoSoS0d</a>
&mdash; Gwynne Shotwell (@Gwynne_Shotwell) <a href="https://twitter.com/Gwynne_Shotwell/status/1843830928046694605?ref_src=twsrc%5Etfw">October 9, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Starlink kits have been part of the efforts to restore connectivity in regions impacted by Hurricane Helene. SpaceX said on Tuesday that it is delivering over 10,000 Starlink kits in response to the hurricane. 
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41221616/elon-musks-spacex-says-starship-to-fly-for-5th-time-as-soon-as-oct-13-but-theres-a-catch">Elon Musk&#8217;s SpaceX Says Starship To Fly For 5th Time As Soon As Oct 13, But There&#8217;s A Catch</a></li>
</ul>
Photo courtesy: SpaceX

SPACE

TMUS

SpaceX's Starlink And T-Mobile Get Approval To Roll Out Direct-To-Cell Coverage In Florida Before Hurricane Milton Makes Landfall

Scholar Rock Holding Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRRK#NASDAQ">SRRK</a>), a late-stage biopharmaceutical company focused on advancing innovative treatments for spinal muscular atrophy (SMA), cardiometabolic disorders, and other serious diseases where protein growth factors play a fundamental role, today announced the pricing of an upsized underwritten public offering of 10,265,488 shares of its common stock at a public offering price of&nbsp;$28.25&nbsp;per share and, in lieu of common stock to investors who so choose, pre-funded warrants to purchase 353,983 shares of common stock at a public offering price of&nbsp;$28.2499&nbsp;per pre-funded warrant, which represents the per share public offering price for the shares of common stock less the&nbsp;$0.0001&nbsp;per share exercise price for each pre-funded warrant. All of the shares and pre-funded warrants are being offered by Scholar Roc

SRRK

Reported Earlier, Scholar Rock Prices Upsized $300M Public Offering Of 10,265,488 Common Stock At $28.25/Share And Pre-Funded Warrant

Cryptocurrency asset trading and management firm Canary Capital has lodged a registration statement with the SEC for an XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) exchange-traded fund (ETF), marking the second such filing this month.
What Happened: Canary Capital submitted the S-1 <a href="https://www.sec.gov/Archives/edgar/data/2039505/000199937124013130/0001999371-24-013130-index.htm">filing</a>—a prerequisite for issuers to file&nbsp;to publicly offer new securities—on Tuesday. 
The proposed Canary XRP ETF intended to provide direct exposure to the value of XRP held by the trust and allow investors the opportunity to access the market through a traditional brokerage account
Canary Capital didn&#8217;t immediately return Benzinga&#8217;s request for comment.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41243296/shiba-inu-lead-developer-shytoshi-kusama-reshares-mysterious-post-about-the-last-chapter-t">Shiba Inu Lead Developer Shytoshi Kusama Reshares Mysterious Post About &#8216;The Last Chapter To My Story&#8217;— Is He Hinting At An Exit From Project Or A Potential Moon Run?</a>
Why It Matters: Canary Capital&#8217;s move follows Bitwise Asset Management&#8217;s S-1 <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41134111/after-bitcoin-ethereum-an-xrp-etf-bitwise-registers-filing-in-delaware-amid-rippe-vs-sec-l">filing for an XRP ETF</a> last week, which became the first company to attempt something of this sort in the U.S.
That said, the possibility of such an investment vehicle coming to fruition remains clouded by legal and regulatory uncertainties.
The Gary Gensler-led SEC is currently <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41157465/gary-genslers-sec-appeals-2023-ruling-against-ripple-labs-xrp-tanks-10-just-prolongs-compl#:~:text=An%20SEC%20spokesperson%20told%20Benzinga,case%20to%20the%20Second%20Circuit.">embroiled in a legal battle</a> with Ripple Labs, alleging that the company generated billions through the sale of XRP, which it views as an unregistered security.
Price Action: At the time of writing, XRP was trading at 0.5335, up 0.72% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.
Image via Shutterstock
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41234336/crypto-com-takes-on-sec-in-legal-battle-after-receiving-wells-notice">Crypto.Com Takes On SEC In Legal Battle After Receiving Wells Notice</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>

Government

Regulations

$XRP

XRP ETF Buzz Increases As Canary Capital Pursues SEC For Greenlight On Its Fund — Will The Gary Gensler-Led Regulator Give Its Nod?

Crinetics intends to use the net proceeds from the offering, together with its existing cash, cash equivalents and investment securities, to fund research and development of its clinical-stage product candidates, other research programs, pre-commercialization activities and other general corporate purposes, which may include, among other things, capital expenditures or working capital. Crinetics may also use a portion of the remaining net proceeds, together with its existing cash, cash equivalents and investment securities, to in-license, acquire, or invest in complementary businesses, technologies, products or assets; however, it has no current commitments or obligations to do so.

CRNX

Reported Earlier, Crinetics Pharmaceuticals Prices $500M Upsized Public Offering Of 10M Common Shares At $50/Share

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Agrify&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/agfy-stock-quote/">AGFY</a>) stock is rocketing higher on Monday alongside heavy pre-market trading of the cannabis hardware and software cultivation company&rsquo;s shares.



This has more than 17 million shares of AGFY stock changing hands as of this writing. That&rsquo;s well above the company&rsquo;s daily average trading volume of about 1.1 million shares. Investors will also note that Agrify&rsquo;s float is <a href="https://finance.yahoo.com/quote/AGFY/key-statistics/">sitting at 7.17 million units</a>.



It&rsquo;s unclear what&rsquo;s causing this increased interest in AGFY stock. There are no new press releases or filings with the Securities and Exchange Commission (SEC) that would do so. There&rsquo;s also no analysts coverage that would cause today&rsquo;s rally.



One thing that investors will want to keep in mind is that AGFY is a penny stock. This comes from its low price closing price of 25 cents and its market capitalization of only about $3.586 million.



<h2>What That Means for AGFY Stock</h2>



Agrify being a penny stock brings with it certain vulnerabilities. That includes the potential of a pump and dump from retail and day traders. It could also be up alongside speculative traders buying its shares.



No matter the case, investors will be wary as <a href="https://investorplace.com/stock-types/penny-stocks/">penny stocks</a> can be incredibly volatile. While AGFY stock is up now, it might not remain that way for long.



AGFY stock is up 70% as of Monday morning. The stock was down 80.3% year-to-date when markets closed on Friday.



Investors will want to keep reading for more of the most recent stock market stories today!



We have all of the hottest stock market news worth reading about on Monday! That includes the biggest pre-market stock movers this morning and other news. You can catch up on all of this news at the links below!



<h2>More Monday Stock Market News</h2>



<ul><li><a href="https://investorplace.com/2024/06/todays-biggest-pre-market-stock-movers-10-top-gainers-and-losers-on-monday-june-24th/">Today&rsquo;s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on&nbsp;Monday</a></li>



<li><a href="https://investorplace.com/2024/06/archer-aviation-achr-stock-pops-on-san-francisco-plans/">Archer Aviation (ACHR) Stock Pops on San Francisco Plans</a></li>



<li><a href="https://investorplace.com/2024/06/why-this-fund-manager-is-cutting-his-stake-in-nvidia-nvda-stock/">Why This Fund Manager Is Cutting His Stake in Nvidia (NVDA) Stock</a></li>
</ul>On Penny Stocks and Low-Volume Stocks:&#8239;With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That&rsquo;s because these &ldquo;penny stocks&rdquo; are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that&#8239;InvestorPlace.com&rsquo;s writers disclose this fact and warn readers of the risks.



Read More:&#8239;Penny Stocks &mdash;&nbsp;<a href="https://investorplace.com/2014/05/fraud-penny-stocks-scams/" target="_blank">How to Profit Without Getting Scammed</a>



On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
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	The post <a href="https://investorplace.com/2024/06/why-is-agrify-agfy-stock-up-70-today/">Why Is Agrify (AGFY) Stock Up 70% Today?</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Why Is Agrify (AGFY) Stock Up 70% Today?

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Sunrise New Energy&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/epow-stock-quote/">EPOW</a>) stock is up on Monday after the lithium-ion battery maker was <a href="https://www.nasdaq.com/press-release/sunrise-new-energys-lithium-ion-battery-patent-granted-key-funding-guizhou-province">granted new patent funding</a>.



This was granted to its subsidiary Sunrise (Guizhou) New Energy. The patent funding comes from the 2024 Guizhou Provincial Key Projects for Promoting the Utilization of Intellectual Property.



According to Sunrise New Energy, this covers its Patent No. ZL202210400775.2, which is titled &ldquo;Preparation Method of Lithium-Ion Battery Anode Material.&rdquo; It says this patent improves the initial efficiency and power performance of the graphite composite materials used in lithium-ion batteries.



Sunrise New Energy said the following about the patented product.




&ldquo;Due to its stable performance, the patented product holds a significant competitive advantage in the market and has received unanimous praise for its quality. Since the sales of the patented product began in 2022, despite the short period, the product has rapidly gained market traction. To date, the cumulative sales revenue has reached approximately $100 million.&rdquo;




<h2>EPOW Stock Movement on Monday</h2>



With all of this news comes heavy trading of Sunrise New Energy this morning. That has more than 4 million shares changing hands as of this writing. This is well above the company&rsquo;s daily average trading volume of about 35,000 shares.



EPOW stock is up 33.6% as of Monday morning.



Investors will want to keep reading for more of the most recent stock market stories!



We have all of the hottest stock market news ready to go on Monday! Among that is what has shares of Agrify&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/agfy-stock-quote/">AGFY</a>) stock up, the biggest pre-market stock movers and more. All of this info is good to go at the links below!



<h2>More Stock Market News for Monday</h2>



<ul><li><a href="https://investorplace.com/2024/06/why-is-agrify-agfy-stock-up-70-today/">Why Is Agrify (AGFY) Stock Up 70% Today?</a></li>



<li><a href="https://investorplace.com/2024/06/todays-biggest-pre-market-stock-movers-10-top-gainers-and-losers-on-monday-june-24th/">Today&rsquo;s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on&nbsp;Monday</a></li>



<li><a href="https://investorplace.com/2024/06/archer-aviation-achr-stock-pops-on-san-francisco-plans/">Archer Aviation (ACHR) Stock Pops on San Francisco Plans</a></li>
</ul>On Penny Stocks and Low-Volume Stocks:&#8239;With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That&rsquo;s because these &ldquo;penny stocks&rdquo; are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that&#8239;InvestorPlace.com&rsquo;s writers disclose this fact and warn readers of the risks.



Read More:&#8239;Penny Stocks &mdash;&nbsp;<a href="https://investorplace.com/2014/05/fraud-penny-stocks-scams/" target="_blank">How to Profit Without Getting Scammed</a>



On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
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	The post <a href="https://investorplace.com/2024/06/why-is-sunrise-new-energy-epow-stock-up-34-today/">Why Is Sunrise New Energy (EPOW) Stock Up 34% Today?</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Why Is Sunrise New Energy (EPOW) Stock Up 34% Today?

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
DermTech&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/dmtk-stock-quote/">DMTK</a>) stock is falling on Monday as investors prepare for the molecular diagnostic company&rsquo;s shares to be <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&amp;ref=318404814&amp;type=PDF&amp;symbol=DMTK&amp;cdn=2f95604b7d0b2db1ef0d52c1cc04ae14&amp;companyName=DermTech+Inc&amp;formType=8-K&amp;formDescription=Current+report+pursuant+to+Section+13+or+15%28d%29&amp;dateFiled=2024-06-20">delisted later this week</a>.



DermTech&nbsp;received a notice from the Listing Qualifications Department of the Nasdaq Exchange notifying it of its delisting. That will see its shares suspended from trading when markets open on Thursday.



DermTech&nbsp;notes that it doesn&rsquo;t have any intention to appeal the decision made by the Listing Qualifications Department. It also doesn&rsquo;t provide investors with details about what will happen to DMTK stock after the delisting.



<h2>What&rsquo;s Behind the DMTK Stock Delisting</h2>



Shares of DermTech&nbsp;stock are being delisted from the Nasdaq Exchange due to the company&rsquo;s recent Chapter 11 bankruptcy filing. This means its no longer compliant with Nasdaq Listing Rules 5101, 5110(b) and IM-5101-1.



News of the delisting brings with it heavy trading of DMTK stock today as investors sell the shares. This has more than 2.5 million shares changing hands as of this writing. That&rsquo;s well above its daily average trading volume of about 1.4 million shares.



DMTK stock is down 25.7% as of Monday morning. The stock was also down 93.1% year-to-date when markets closed on Friday.



Investors on the lookout for more of the most recent stock market stories will want to stick around!



We have all of the hottest stock market news traders need to know about on Monday! A few examples include what&rsquo;s going on with shares of Sunrise New Energy&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/epow-stock-quote/">EPOW</a>) and Agrify&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/agfy-stock-quote/">AGFY</a>) stock, as well as the biggest pre-market stock movers this morning. All of that info is ready to go at the links below!



<h2>More Monday Stock Market News</h2>



<ul><li><a href="https://investorplace.com/2024/06/why-is-sunrise-new-energy-epow-stock-up-34-today/">Why Is Sunrise New Energy (EPOW) Stock Up 34% Today?</a></li>



<li><a href="https://investorplace.com/2024/06/why-is-agrify-agfy-stock-up-70-today/">Why Is Agrify (AGFY) Stock Up 70% Today?</a></li>



<li><a href="https://investorplace.com/2024/06/todays-biggest-pre-market-stock-movers-10-top-gainers-and-losers-on-monday-june-24th/">Today&rsquo;s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on&nbsp;Monday</a></li>
</ul>On Penny Stocks and Low-Volume Stocks:&#8239;With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That&rsquo;s because these &ldquo;penny stocks&rdquo; are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that&#8239;InvestorPlace.com&rsquo;s writers disclose this fact and warn readers of the risks.



Read More:&#8239;Penny Stocks &mdash;&nbsp;<a href="https://investorplace.com/2014/05/fraud-penny-stocks-scams/" target="_blank">How to Profit Without Getting Scammed</a>



On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
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	The post <a href="https://investorplace.com/2024/06/why-is-dermtech-dmtk-stock-down-26-today/">Why Is DermTech (DMTK) Stock Down 26% Today?</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Why Is DermTech (DMTK) Stock Down 26% Today?

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
G1 Therapeutics&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/gthx-stock-quote/">GTHX</a>) stock is falling hard on Monday after the company provided investors with an <a href="https://www.nasdaq.com/press-release/g1-therapeutics-provides-update-phase-3-preserve-2-trial-patients-receiving">update on its Phase 3 clinical trial</a> of trilaciclib as a breast cancer treatment.



G1 Therapeutics notes that this trial failed to meet its primary endpoint. The overall survival rate for those taking its drug prior to chemotherapy was 17.4 months. The overall survival rate for the control arm was 17.8 months.



G1 Therapeutics does note that the occurrence of severe neutropenia was lower in those taking trilaciclib ahead of chemotherapy. This came in at 8% of patients as compared to 29% in the control group.



G1 Therapeutics CEO Jack Bailey said the following about the Phase 3 clinical trial results.




&ldquo;The unexpected results from PRESERVE 2 underscore the challenge of developing new therapies for triple negative breast cancer. We are disappointed that this trial did not deliver the benefit that we anticipated to people living with TNBC.&rdquo;




<h2>What&rsquo;s Next for GTHX Stock?</h2>



G1 Therapeutics says it will start to wind down operations connected to its Phase 3 clinical trial of trilaciclib. This will see the company reduce its headcount and provide it with a cash runway into the second half of 2025.



G1 Therapeutics also provides guidance for fiscal 2024. This has it expecting revenue from COSELA to range from $60 million&nbsp;and&nbsp;$70 million. Wall Street is looking for 2024 revenue to come in at $72.26 million.



GTHX stock is down 55.7% as of Monday morning. The stock was also down 20.3% year-to-date when markets closed on Friday.



Investors will want to keep reading for more of the most recent stock market stories today!



We have all of the hottest stock market news available on Monday! That includes everything happening with shares of DermTech&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/dmtk-stock-quote/">DMTK</a>), Sunrise New Energy&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/epow-stock-quote/">EPOW</a>) and Agrify&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/agfy-stock-quote/">AGFY</a>) stock today. All of this news is ready at the following links!



<h2>More Stock Market News for Monday</h2>



<ul><li><a href="https://investorplace.com/2024/06/why-is-dermtech-dmtk-stock-down-26-today/">Why Is DermTech (DMTK) Stock Down 26% Today?</a></li>



<li><a href="https://investorplace.com/2024/06/why-is-sunrise-new-energy-epow-stock-up-34-today/">Why Is Sunrise New Energy (EPOW) Stock Up 34% Today?</a></li>



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</ul>On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
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<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Vertical farming is a hot topic with significant productivity-based advantages. In fact, the industry is forecasted to grow by <a href="https://straitsresearch.com/report/vertical-farming-market#:~:text=Market%20Overview,period%20(2023%E2%80%932031).">24.1% annually until 2031</a>, illustrating its potential. As a result, investors are looking into vertical farming stocks for massive returns. 



Given the above, I embarked on a journey to find three undervalued vertical farming stocks. I was aware that value and growth traps are prominent due to the industry&rsquo;s immature state. As such, I applied a robust screening methodology, which looked at fundamental sustainability, valuation metrics, and structural growth. Moreover, I applied technical analysis where necessary to identify key pricing points.



Vertical farming stocks are risky as the industry has yet to consolidate, meaning related stocks aren&rsquo;t suitable for all investors. However, if your risk tolerance is high, then here are three vertical farming stocks worth considering.



<h2>Urban-Gro (UGRO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/ugro-stock-1600-300x169.jpg" alt="LED lighting used to grow lettuce inside a warehouse without the need for sunlight"><div>Source: Martin Bergsma / Shutterstock.com</div></div>Urban-Gro (NASDAQ:<a href="https://investorplace.com/stock-quotes/ugro-stock-quote/">UGRO</a>) fulfills a critical role in the vertical farming industry: facility development. The company designs, develops, and manages value-added infrastructure tailored to numerous end markets.



Fundamentally, I enjoy Urban-Gro&rsquo;s nimble approach and early-to-market stature. However, I also find some of its other aspects commendable. For example, Urban-Gro recorded a hefty project backlog of <a href="https://feeds.issuerdirect.com/news-release.html?newsid=5989999038507398">$99 million in March</a>. Additionally, the company recently reported its first-quarter earnings, revealing $15.5 million in revenue, a 4% year-over-year increase. 



The abovementioned variables play into a broader growth story, which is encouraging, as UGRO stock&rsquo;s price-to-sales ratio of <a href="https://finance.yahoo.com/quote/UGRO/key-statistics/">0.25x</a> suggests it is grossly undervalued. Moreover, UGRO stock&rsquo;s technical variables are aligned as it recently surpassed its ten- and 50-day moving averages, indicating a momentum trend has been shaped.



UGRO stock might be volatile for the foreseeable future, as Urban-Gro is an early-stage enterprise. Nevertheless, asymmetrical returns are possible if Urban-Gro&rsquo;s fundamental variables build on their recent progress.



<h2>Village Farms International (VFF)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/vff-stock-1600-300x169.jpg" alt="Hydroponics,Organic fresh harvested vegetables"><div>Source: bluedog studio / Shutterstock.com</div></div>Village Farms International (NASDAQ:<a href="https://investorplace.com/stock-quotes/vff-stock-quote/">VFF</a>) is a horizontally integrated company that supplies numerous greenhouse goods in the U.S. and Canada. In addition to supplying fresh produce, Village Farms participates in the North American cannabis industry, providing an additional growth multiplier. Moreover, the company has operated for <a href="https://villagefarms.com/about/leadership/#:~:text=In%201989%2C%20he%20founded%20Village,chief%20visionary%20for%20the%20Company.">over thirty years</a>, translating into substantial human capital synergies across its verticals.



Furthermore, Village Farms International has promising short-term support. For example, the company released its first-quarter earnings report in May, revealing <a href="https://seekingalpha.com/pr/19716834-village-farms-international-reports-strong-q1-24-results?hasComeFromMpArticle=false&amp;source=section%253Amain_content%257Cbutton%253Abody_link%257Cfirst_level_url%253Anews">$77.88 million</a> in revenue, a 21% year-over-year increase. Village Farms&rsquo; key drivers were a 28% year-over-year increase in Canadian retail cannabis sales and enhanced regional market share.



Furthermore, Village Farms&rsquo; fresh produce segment has recovered from its loss by posting $100,000 in net income. I believe the segment&rsquo;s turnaround is a sign of things to come on a firm-wide level, which could add substance to VFF stock&rsquo;s price-to-sales ratio of <a href="https://finance.yahoo.com/quote/VFF/key-statistics/">0.4x</a>.



Village Farms International is a scalable company. Although inefficiencies remain, I&rsquo;m bullish about VFF stock&rsquo;s prospects as it seems like a telling growth story.



<h2>Agrify Corporation (AGFY)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/agfy-stock-1600-300x169.jpg" alt="bearded man tending kale crops in urban communal garden, AGFY Stock"><div>Source: Joshua Resnick / Shutterstock.com</div></div>Agrify (NASDAQ:<a href="https://investorplace.com/stock-quotes/agfy-stock-quote/" target="_blank">AGFY</a>) is a hardware and software company that offers various products to the cannabis industry. The firm generates multiple revenue streams, from software-as-a-service to facility development assistance. Moreover, Agrify services the medicinal and hemp end markets, providing it with critical diversification attributes.



I mainly included AGFY stock in today&rsquo;s list as it is an event-driven opportunity. The company recently sealed a <a target="_blank" href="https://ir.agrify.com/news-releases/news-release-details/agrify-corporation-announces-500k-turnkey-extraction-equipment#:~:text=TROY%2C%20Mich.%20%2C%20June%2011,Lab%20Equipment%20Package%20with%20Grotech">$500,000</a> turnkey contract to provide extraction equipment to Grotech farms. I believe the event adds volume to Agrify&rsquo;s revenue mix, allowing it the latitude to focus on developing additional products. In addition, the contract adds substance to AGFY&rsquo;s price-to-sales ratio of <a target="_blank" href="https://finance.yahoo.com/quote/AGFY/key-statistics/">0.08x</a>, suggesting that absolute value is in play.



It must be outlined that Agrify has a few risks. Firstly, the NASDAQ issued a non-compliance <a href="https://mjbizdaily.com/cannabis-tech-firm-agrify-converts-debt-to-equity-to-pacify-nasdaq/#:~:text=Cannabis%20technology%20company%20Agrify%20Corp,with%20Nasdaq's%20stock%20listing%20rules.">warning earlier this year</a> when Agrify&rsquo;s equity value fell below $2.5 million. However, the firm executed a $13.8 million debt-to-equity conversion to settle the dispute. Furthermore, AGFY is a young company with a short trading history, meaning it has yet to prove its intrinsic worth.



Despite having certain reservations about Agrify, I remain bullish and believe the stock will reach great heights!



On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.



On the date of publication, Steve Booyens did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>Steve Booyens co-founded Pearl Gray Equity and Research in 2020 and has been responsible for cross-asset research and PR ever since. Before founding the firm, Steve spent time working in various finance roles in London and South Africa. He holds an MSc in Investment Banking from Queen Mary &ndash; University of London. Furthermore, Steve obtained his CFA Charter on April 26, 2024, and is working toward his Ph.D. in Finance. His articles are published on various reputable web pages such as Seeking Alpha, TipRanks, Yahoo Finance, and Benzinga. Steve&rsquo;s articles on InvestorPlace don&rsquo;t constitute financial advice. However, they form an interesting juxtaposition between mainstream opinion and objective theory, allowing readers to benefit from unbiased commentary. Readers can expect coverage on frequently traded stocks, REITs, fixed-income funds, CEFs, and ETFs.</div><h3>More From InvestorPlace</h3>
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Agrify (NASDAQ:<a href="https://investorplace.com/stock-quotes/agfy-stock-quote/">AGFY</a>) just reported results for the second quarter of 2024.<ul><li>Agrify reported earnings per share of -14 cents.</li><li>The company reported revenue of $2.99 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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