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Dragonfly Energy Announces Pricing of $55.4 Million Public Offering of Common Stock and Pre-Funded Warrants
Globenewswire· 2025-10-16 11:40
Core Viewpoint - Dragonfly Energy Holdings Corp. announced a public offering of 36 million shares at $1.35 per share, aiming to raise approximately $55.4 million for working capital and debt restructuring [1][2]. Group 1: Offering Details - The public offering includes 36,000,000 shares of common stock priced at $1.35 each and pre-funded warrants for up to 5,000,000 shares at $1.3499 each, with gross proceeds expected to be around $55.4 million before expenses [1]. - Underwriters have a 30-day option to purchase an additional 6,150,000 shares at the public offering price [1]. - The offering is expected to close on or about October 17, 2025, pending customary closing conditions [1]. Group 2: Use of Proceeds - The net proceeds will be used for working capital, prepayment of $45 million in outstanding debt, and investments in initiatives to drive near-term revenue and advancements in battery technologies [2]. Group 3: Company Overview - Dragonfly Energy is a leader in lithium battery technology, focusing on cell manufacturing and system integration, with a mission to develop nonflammable, all-solid-state battery cells [5]. - The company has established a strong presence in the lithium battery market through its Battle Born Batteries® brand, with a significant deployment of battery packs across various applications [5].
Microvast (MVST) Soars After Hours — What Sparked the Move - JPMorgan Chase (NYSE:JPM), Lithium Americas (NYSE:LAC)
Benzinga· 2025-10-16 06:35
Core Insights - Microvast Holdings Inc. (NASDAQ:MVST) shares have seen a significant increase, rising 5.76% to $6.61 in after-hours trading following China's announcement of new export restrictions on rare-earth materials and lithium batteries [1][2]. Industry Developments - China's Commerce Ministry has introduced export restrictions requiring licenses for products containing more than 0.1% domestically sourced rare earths or those utilizing Chinese extraction, refining, or magnet-making technology, effective December 1 [2]. - The U.S. government, under Treasury Secretary Scott Bessent, is expected to increase investments in companies affected by these restrictions, indicating a strategic response to bolster domestic capabilities [3]. Company Performance - Microvast has experienced a remarkable stock performance, surging 2,740.91% over the past year and 278.79% in the last six months, with a market capitalization of $2.03 billion [5]. - The stock has fluctuated between $0.15 and $6.42 over the past year, closing at a 12-month high of $6.25, reflecting a 19.05% increase on Wednesday [5]. - Benzinga's Edge Stock Rankings indicate that MVST has a strong momentum in the 99th percentile, showing a positive price trend across all time frames [6].
BioLargo to Present Its Cellinity Battery Technology at LD Micro Main Event XIX in San Diego on Monday, October 20, at 2:00 p.m. PT
Accessnewswire· 2025-10-14 10:00
Group 1 - The article highlights Cellinity as a breakthrough battery storage solution specifically designed for AI infrastructure, which eliminates the need for rare earth elements [1] - BioLargo, Inc. is identified as a cleantech innovator focused on developing and commercializing sustainable technologies [1] - The management team of BioLargo, Inc. will present at the LD Micro Main Event XIX on October 20, 2025, at 2:00 p.m. Pacific Time in San Diego, California [1]
Recent Market Movements: Key Players and Drivers
Financial Modeling Prep· 2025-10-13 22:00
Group 1: Company Highlights - Solidion Technology Inc. experienced a 246.08% surge to $19, driven by the launch of its PEAK Series, an advanced UPS system for AI data centers featuring proprietary 5500 battery cell technology [1][7] - Electra Battery Materials Corporation saw a 232.12% rise to $5.48, attributed to its focus on cobalt and silver exploration for the EV supply chain amidst growing demand for electric vehicles [2][7] - Aclarion, Inc. had a 201.94% increase to $0.109, potentially due to new product launches or strategic partnerships in healthcare technology [3] - XCHG Limited experienced a 184.53% jump to $2.34, following the launch of a leasing program for EV charging infrastructure in partnership with Ascentium Capital [4] - ESS Tech, Inc. increased by 134.86% to $9.77, announcing Project New Horizon, which involves a significant battery system installation to enhance energy storage capabilities [5][7] Group 2: Industry Trends - The market movements reflect a growing interest in sectors driven by technological advancements, strategic partnerships, and increasing market demand, particularly in electric vehicles and sustainable energy solutions [6]
Why QuantumScape (QS) Stock Hit A New 52-Week High Monday
Benzinga· 2025-10-13 20:09
Core Insights - QuantumScape Corp (NYSE:QS) shares reached a new 52-week high, driven by optimism in the battery and critical materials sector [1] - The surge in QS stock follows China's new export licensing requirements for rare-earth materials and lithium batteries, raising concerns about global supply chain stability and positioning QuantumScape as a potential alternative to Chinese dominance in battery technology [2][3] - Investor interest in American-based battery technology has increased due to supply chain anxieties and reduced macroeconomic fears, contributing to the stock's significant rise [3] Stock Performance - QuantumScape shares closed up 15.58% at $16.99, nearing its 52-week high of $17.79, and significantly exceeding its 50-day ($10.42), 100-day ($8.72), and 200-day ($6.69) moving averages, indicating a strong bullish trend [5] - Immediate support for the stock is likely around the recent low of $15.34, while resistance is observed near the 52-week high of $17.79 [5] Market Sentiment - Benzinga Edge rankings assigned QuantumScape an exceptional Momentum score of 97.66, with a positive price trend across all time horizons, underscoring the stock's powerful rally [4]
Gold Rises Over 3%; Tvardi Therapeutics Shares Plunge - American Battery Tech (NASDAQ:ABAT), Strive (NASDAQ:ASST)
Benzinga· 2025-10-13 17:12
Market Overview - U.S. stocks experienced an upward trend, with the Nasdaq Composite gaining approximately 500 points on Monday. The Dow increased by 1.38% to 46,109.34, the NASDAQ rose by 2.26% to 22,705.26, and the S&P 500 climbed 1.70% to 6,663.67 [1] - Information technology shares saw a rise of 2.1%, while consumer staples stocks fell by 0.7% on the same day [1] Company Performance - Fastenal Company (NASDAQ:FAST) reported mixed third-quarter 2025 results, with revenue of $2.133 billion, an increase of 11.7% year over year, slightly surpassing the consensus estimate of $2.129 billion. However, earnings per share were 29 cents, missing analyst expectations of 30 cents, leading to a 5% decline in shares [2] Commodity Market - In commodity news, oil prices increased by 1.7% to $59.87, gold rose by 3.2% to $4,126.80, silver surged by 6.7% to $50.415, and copper climbed by 5.2% to $5.1505 [5] Notable Stock Movements - American Battery Technology Company (NASDAQ:ABAT) shares surged by 39% to $9.35 after completing NEPA baseline studies for its Tonopah Flats Lithium Project [8] - Solidion Technology, Inc. (NASDAQ:STI) saw a significant increase of 182% to $15.36 following the announcement of a next-generation UPS system for AI data centers [8] - Bloom Energy Corporation (NYSE:BE) shares rose by 25% to $108.75 after announcing a $5 billion partnership with Brookfield Asset Management Inc. [8] - Conversely, Tvardi Therapeutics, Inc. (NASDAQ:TVRD) shares plummeted by 83% to $6.91 due to disappointing Phase 2 trial results [8] - Beyond Meat, Inc. (NASDAQ:BYND) experienced a 46% drop to $1.0800 following news regarding its convertible notes [8] International Markets - European shares were mostly higher, with the eurozone's STOXX 600 rising by 0.16%, while Spain's IBEX 35 Index increased by 0.14%. London's FTSE 100 rose by 0.01%, Germany's DAX 40 increased by 0.32%, and France's CAC 40 slipped by 0.19% [6] - Asian markets closed lower, with Hong Kong's Hang Seng index falling by 1.52%, China's Shanghai Composite declining by 0.19%, and India's BSE Sensex decreasing by 0.21% [9]
Gold Rises Over 3%; Tvardi Therapeutics Shares Plunge
Benzinga· 2025-10-13 17:12
Market Overview - U.S. stocks experienced an upward trend, with the Nasdaq Composite gaining approximately 500 points on Monday. The Dow rose by 1.38% to 46,109.34, the NASDAQ increased by 2.26% to 22,705.26, and the S&P 500 climbed 1.70% to 6,663.67 [1] - Information technology shares saw a significant increase of 2.1%, while consumer staples stocks fell by 0.7% [1] Company Performance - Fastenal Company (NASDAQ:FAST) shares declined by 5% after reporting mixed Q3 2025 results. The company posted revenue of $2.133 billion, reflecting an 11.7% year-over-year increase, slightly surpassing the consensus estimate of $2.129 billion. However, earnings per share were reported at 29 cents, missing analyst expectations of 30 cents [2] Commodity Market - In commodity news, oil prices rose by 1.7% to $59.87, gold increased by 3.2% to $4,126.80, silver surged by 6.7% to $50.415, and copper rose by 5.2% to $5.1505 [5] Notable Stock Movements - American Battery Technology Company (NASDAQ:ABAT) shares surged by 39% to $9.35 after completing NEPA baseline studies for its Tonopah Flats Lithium Project [8] - Solidion Technology, Inc. (NASDAQ:STI) shares skyrocketed by 182% to $15.36 following the announcement of a next-generation UPS system for AI data centers [8] - Bloom Energy Corporation (NYSE:BE) shares increased by 25% to $108.75 after announcing a $5 billion partnership with Brookfield Asset Management Inc. [8] - Tvardi Therapeutics, Inc. (NASDAQ:TVRD) shares plummeted by 83% to $6.91 after preliminary data from a Phase 2 trial did not meet its goals [8] - Beyond Meat, Inc. (NASDAQ:BYND) shares fell by 46% to $1.0800 due to early tender results related to convertible notes [8] International Markets - European shares were mostly higher, with the eurozone's STOXX 600 rising by 0.16% and Spain's IBEX 35 Index increasing by 0.14%. However, France's CAC 40 slipped by 0.19% [6] - Asian markets closed lower, with Hong Kong's Hang Seng index down by 1.52%, China's Shanghai Composite down by 0.19%, and India's BSE Sensex declining by 0.21% [9]
Solidion Technology Unveils Advanced UPS Battery System Tailored for AI Data Centers
Prnewswire· 2025-10-13 10:00
Core Insights - Solidion Technology Inc. has developed a next-generation Uninterruptible Power Supply (UPS) system, the PEAK Series, targeting the AI data center market, which is rapidly expanding and demanding in terms of power infrastructure [1][3] - The PEAK Series utilizes Solidion's proprietary 5500 battery cell, which features advanced silicon-carbon anode technology, providing enhanced energy density, reliability, and cost efficiency [1][3] Company Overview - Solidion Technology Inc. is headquartered in Dallas, Texas, with pilot production facilities in Dayton, Ohio, focusing on manufacturing battery materials and components, as well as developing next-generation batteries for various energy storage systems and electric vehicles [4] - The company holds over 525 patents, covering innovations in high-capacity anodes, biomass-based graphite, and advanced lithium technologies [4] Product Advantages - The PEAK Series offers up to 30% space reduction, optimizing data center floor space and reducing system weight [8] - It features a lower total cost of ownership due to reduced maintenance requirements and streamlined assembly, which lowers lifecycle operating expenses [8] - The 5500 battery cell has an extended battery life, lasting up to three times longer than conventional backup power systems [8] - Program-level cost savings are achieved through simplified battery rack, pack, and harness configurations, reducing overall project costs [8] Market Positioning - The PEAK Series is designed to meet the increasing power demands of AI workloads, addressing the industry's need for compact, efficient, and sustainable backup power solutions [3]
Crude Oil Falls Over 4%; Quoin Pharmaceuticals Shares Spike Higher - Applied Digital (NASDAQ:APLD), Bollinger Innovations (NASDAQ:BINI)
Benzinga· 2025-10-10 16:56
Market Overview - U.S. stocks experienced a decline, with the Nasdaq Composite falling approximately 2.5% on Friday. The Dow increased by 1.26% to 45,772.50, while the S&P 500 rose by 1.79% to 6,614.73 [1] - Consumer staples shares increased by 0.6%, while energy stocks decreased by 0.6% on the same day [1] Economic Indicators - The University of Michigan consumer sentiment index decreased to 55 in October from 55.1 in September, slightly above market expectations of 54.2 [2][10] Commodity Market - Oil prices fell by 4.2% to $58.94, while gold prices rose by 0.7% to $3,999.90. Silver increased by 2.7% to $48.440, and copper rose by 0.6% to $5.1540 [5] European Market - European shares were predominantly lower, with the eurozone's STOXX 600 declining by 0.23%. Spain's IBEX 35 Index was an exception, rising by 0.45% [6] Asian Market - Asian markets closed mostly lower, with Japan's Nikkei 225 down by 1.01% and Hong Kong's Hang Seng index falling by 1.73%. China's Shanghai Composite decreased by 0.94%, while India's BSE Sensex rose by 0.40% [7] Company Performance - Quoin Pharmaceuticals, Ltd. (NASDAQ:QNRX) shares surged by 293% to $32.10 following a $104.5 million private placement [9] - ESS Tech, Inc. (NYSE:GWH) saw an 83% increase to $3.15 after announcing an agreement for a battery system addition [9] - Applied Digital Corporation (NASDAQ:APLD) shares rose by 24% to $36.46 after reporting better-than-expected first-quarter results, with Needham raising its price target from $21 to $41 [9] - Bollinger Innovations, Inc. (NASDAQ:BINI) shares dropped by 58% to $0.5856 due to a move to OTC markets [9] - Venture Global, Inc. (NASDAQ:VG) shares fell by 20% to $10.07 after resolving arbitration with significant damage risks, with Mizuho downgrading the stock [9] - Tian Ruixiang Holdings Ltd. (NASDAQ:TIRX) shares decreased by 39% to $1.4380 following a $3 million registered direct offering announcement [9]
Dow Surges 150 Points; US Consumer Sentiment Edges Lower - CARISMA Therapeutics (NASDAQ:CARM), Bollinger Innovations (NASDAQ:BINI)
Benzinga· 2025-10-10 14:23
Market Overview - U.S. stocks traded higher, with the Dow Jones index gaining over 150 points, up 0.39% to 46,542.50, NASDAQ rose 0.29% to 23,090.45, and S&P 500 increased 0.26% to 6,752.41 [1] - Consumer staples shares increased by 0.7%, while energy stocks fell by 1% [1] Consumer Sentiment - The University of Michigan consumer sentiment index decreased to 55 in October from 55.1 in September, slightly above market estimates of 54.2 [2][10] Commodity Prices - Oil prices fell by 2.4% to $60.05, while gold rose by 0.6% to $3,995.60. Silver increased by 2.3% to $48.250, and copper rose by 0.7% to $5.1575 [5] European Markets - European shares were mostly lower, with the eurozone's STOXX 600 down 0.2%. Spain's IBEX 35 Index rose 0.5%, while London's FTSE 100, Germany's DAX 40, and France's CAC 40 all fell by 0.1% to 0.2% [6] Asian Markets - Asian markets closed mostly lower, with Japan's Nikkei 225 down 1.01%, Hong Kong's Hang Seng index down 1.73%, and China's Shanghai Composite down 0.94%. India's BSE Sensex rose by 0.40% [7] Company Stock Movements - Quoin Pharmaceuticals, Ltd. shares surged 170% to $22.00 following a $104.5 million private placement [9] - ESS Tech, Inc. shares increased 102% to $3.4750 after announcing an agreement for a battery system addition [9] - Safe & Green Holdings Corp. shares rose 90% to $6.16 after regaining Nasdaq compliance [9] - Bollinger Innovations, Inc. shares dropped 58% to $0.5820 due to a move to OTC markets [9] - Carisma Therapeutics, Inc. shares fell 44% to $0.1538 after announcing a $5 million investment [9] - Tian Ruixiang Holdings Ltd. shares decreased 39% to $1.4310 following a $3 million registered direct offering [9]