Author: Mahrukh Rehan

Camber Energy, Inc. (CEI) has experienced a fall of 7.24% in the aftermarket without any specific reason. However, the last trading session closed at $1.52 with an incline of 16.92%.

What’s happening?

CEI did not update any press release on today’s date. But there is certain news that does have an impact on the CEI stock price. Let’s go through them in detail.

 CEI Secures Exclusive IP License

On 24^th August 2021, it was announced that CEI has secured an exclusive IP license for the Patented Carbon-Capture System. ESG Clean Energy has entered into an Exclusive Intellectual Property License Agreement with Viking Energy Group. It is regarding ESG’s patent rights and know-how related to stationary electric power generation. Electric power generation includes methods such as utilizing heat and capture CO2.

The ESG Clean Energy System is designed to generate clean electricity from internal combustion engines. Furthermore, it also uses waste heat to capture 100% of the carbon dioxide (CO2) emitted from the engine. Not only this but it facilitates the production of valuable commodities (such as distilled/de-ionized water; UREA (NH4); ammonia (NH3); ethanol; and methanol).

Quarter 2 results

CEI stated Quarter 2 results on 17^th August 2021. Firstly, the second-quarter revenue came out to be $10,696,633. Secondly, during Q2, Camber held approximately 62 percent of Viking’s issued and outstanding common shares. It raised its ownership to roughly 73 percent. Thirdly, Camber purchased its investment in Viking through the transactions detailed in Camber’s Securities and Exchange Commission Current Reports on Form 8-K.

CEI Acquires Majority Interest in Simson-Maxwell Ltd.

CEI announces the acquisition of a majority stake (60.5 percent) in Simson-Maxwell Ltd on 9^th August 2021. Simmax Corp., a 20-year shareholder in Simson-Maxwell, and Remora EQ LP, another strategic partner, are among the other shareholders.

Moreover, Simson-Maxwell is a major provider of industrial engines, power-generating equipment, services, and customized energy solutions. To contribute to global energy sustainability, the firm combines new technologies with outstanding goods.

Lastly, Simson Maxwell has been in business for over 80 years, and its varied team of professionals at seven branch sites serves over 4,000 maintenance contracts and helps the company’s complete client base meet their energy and power-solution needs.

Viking Energy Announces Additional Equity Investment from CEI

On 30^th July 2021, Viking Energy Announces an Additional Equity Investment from CEI. Viking energy talked about the conclusion of a new agreement with Camber Energy, Inc. in which CEI acquired $11 million worth of Viking common shares.

The proceeds of the transaction will be used by Viking to:

• facilitate the potential acquisition of a 60.5 percent interest in a company that manufactures and supplies industrial engines, power generation products, services, and custom energy solutions; and
• facilitate the potential acquisition of a 60.5 percent interest in a company that manufactures and supplies industrial engines, power generation products, services, and custom energy solutions.
• to support the prospective execution of an agreement for the exclusive use of patented carbon-capture technology in Canada and for a limited number of locations in the United States, and
• to provide basic operating capital.

China Liberal Education Holdings Limited (CLEU) stock has experienced an increase of 5.21% in the premarket. However, the last trading session concluded at $3.07 with a decrease of 15.19%.

China Liberal Enters into RMB25 Million Purchase 

CLEU stated on September 9, 2021, the Company signed a formal acquisition and sale deal with Beijing Cloud Class Technology Co., Ltd. It is a talent incubator platform for technical innovation and creative industries in China.

Moreover, the Company agrees to sell 100 AI-Space machines to BCCT for the construction and upgrade of about 100 smart classrooms at universities and colleges. BCCT will pay RMB25 million for the machines in exchange.

CLEU Cooperates with Enterprises

CLEU revealed that the company has partnered with several businesses to give internship and career opportunities to graduates.

On August 24, 2021, Glass Industry Group Co., Ltd. in Tianjin had an internship interview for more than 200 students nominated by the Company. The Fuyao Group is a big international corporation that specializes in automotive safety and industrial technical glass. Fortunately, 130 students out of 200 passed the first round of interviews.

CLEU enters into Strategic Cooperation Agreement to Provide Smart Kindergarten Solutions

On August 11, 2021, CLEU announced that it had signed a strategic collaboration agreement with Boya Shoushan Kindergarten. Firstly, the Company promises to offer Boya full smart kindergarten solutions, including data management and kindergarten facility renovation.

Secondly, kindergarten portal, attendance, and temperature measurement management are the key areas of the Company’s smart kindergarten solutions.

Lastly, the company uses cutting-edge technology to create a single platform that collects fundamental data from all elements of kindergarten administration.

China Liberal Provides Straits Institute of Minjiang University 

CLEU stated on 4^th August 2021 that it will supply smart campus solutions to SIMU under a contract signed in July 2021. Furthermore, the smart campus solutions’ system installation and testing processes have been finished.

In addition, SIMU uses China Liberal’s self-developed all-in-one machine AI-Space for virtual online education. Teachers may teach remotely using Tencent conference, ZOOM, Teams, and other technologies for students. Last but not the least, teachers may utilize the AI-Space audio-visual control integrated machine management to manage all classroom equipment.

Desktop Metal, Inc. (DM) has observed an increase of 4.12% in the premarket. Furthermore, the last trading session closed at $8.26 with a 1.1% increase.

DM acquires Aidro, Adding Critical Capabilities in Design and High-volume Production of Fluid Power Systems Through Additive Manufacturing

DM announced on 9^th September 2021 that it has acquired Aidro. Now the Aidro will be able to push their AM skills in hydraulics to the next level. Moreover, the company is ready to adopt additive manufacturing to create new products for our customers. It will use mass-production methods to achieve low part prices and high-performance designs that surpass traditional manufacturing restrictions.

DM Launches 316L Stainless Steel for Manufacturing on the Shop System

DM stated on 24^th August 2021 that the Shop SystemTM, the world’s first metal binder jetting system intended for machine shops, has been certified to utilize 316L stainless steel. Users may now employ inexpensive, high-quality binder jetting technology to print end-use components in 316L stainless steel.

Brodsky & Smith Announces an Investigation of The ExOne Company

On 12^th August 2021, the law firm of Brodsky & Smith has announced that it is investigating potential claims against The ExOne Company’s Board of Directors. Moreover, ExOne stockholders will get $8.50 in cash and $17.00 in DM common stock for each share of ExOne common stock they possess. Lastly, this will be for a total consideration of $25.50 per share.

Second Quarter 2021 Financial Results

DM releases second-quarter 2021 financial results on 11 August 2021.

• $19.0 million in revenue, 68 percent more from the first quarter of 2020 and 767 percent from the second quarter.
• A net loss of $43.2 million was recorded, which included $10.4 million in in-process research and development assets purchased as part of the Beacon Bio transaction.
• 12 percent GAAP gross margin; 25 percent non-GAAP gross margin, up from 5% in the first quarter of 2021.
• Last but not the least, the company has a strong liquidity position of $514.5 million in cash, cash equivalents, and short-term investments.

Metal Binder Jetting Launched

Desktop Health, a healthcare division of DM announced the addition of a turnkey metal 3D printing solution for dentistry. Moreover, it also launched chrome-cobalt for dental applications on August 10, 2021.

The Shop SystemTM, one of the world’s fastest metal binder jetting systems, is now available for dental laboratories to pre-order, giving improved surface quality and resolution and paving the way for bespoke dental appliances and surgical guides.

Greenlane Holdings, Inc. (GNLN) has experienced an increase of 10.20% in the premarket on 10^th September 2021. However, the last trading session closed at $2.55 with a decline of 3.77%.

What’s happening?

GNLN has not released any latest news on today’s date. But let’s dive deep into some of the recent news about the company.

GNLN merges with KushCo

On 1^st September 2021, GNLN announces the completion of the merger with KushCo. Greenlane is the result of the merger of two pioneering cannabis ancillary product and service firms. They have a history of more than 26 years, resulting in an unchallenged leader in the cannabis market.

Furthermore, Greenlane Shares, the Company’s Class A common stock, will continue to trade on the Nasdaq Global Market under the ticker code “GNLN.” For every share of KushCo ordinary stock, each KushCo stockholder will receive 0.3016 of a Greenlane Share. Lastly, the holders of Greenlane Shares prior to the Transaction’s completion will keep their Greenlane Shares.

GNLN Reports Q2 2021 Revenue

GNLN reports Q2 2021 revenue on 17^th August 2021.

• In Q2 2021, total revenue grew 7.1 percent to $34.7 million, more than $32.4 million in Q2 2020.
• Core revenue (non-nicotine revenue) increased 14.9 percent to $34.5 million in Q2 2021, compared to $30.0 million in Q2 2020.
• Greenlane Brands set a third consecutive quarterly sales record in Q2 2021, with sales of $9.0 million, more than 62.5 percent from $5.5 million in Q2 2020.
• Greenlane Brands accounted for 25.9% of total revenue in Q2 2021, more than 17.1% in Q2 2020.

GNLN Holdings Announces $32 Million Registered Direct Offering Priced At-The-Market Under Nasdaq Rules

GNLN announced its entry into a merger agreement with investment firms on 9^th August 2021. This is done for the purchase and sale of 10,126,583 shares of the Company’s common stock and warrants. Also, it is done to buy up to 6,075,950 shares of the Company’s common stock, at an effectual purchase price of $3.16 per share of common stock (and affiliated warrants.

The warrants have a $3.55 per share exercise price. They are instantaneously exercisable and have a five-year duration.

This offering is pursuant to a valid shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission of the United States.

Commencement of Proxy Solicitation in Connection with their Previously Announced Merger

GNLN stated on 6^th July 2021 that the proxy solicitation for its previously announced proposed merger has begun.

If authorized, the Transaction would create a major ancillary cannabis firm. That firm will serve a select set of clients, including several of the country’s largest multi-state operators and licensed producers, as well as millions of consumers worldwide.

If both Greenlane and KushCo shareholders approve the transaction, and all other closing conditions are met or waived. Lastly, the transaction will conclude in the third quarter of 2021.

Farmmi, Inc. (FAMI) has seen an increase of 4.25% in the aftermarket without any specific reason. Moreover, the last trading session closed at $0.4278 with an incline of 1.16%.

FAMI Wins New Order for Export to Southwest Asia

FAMI announced on 7^th September 2021 that Zhejiang Forest Food Co., Ltd., has secured a new product order for its renowned dried Shiitake mushrooms. The buyer shall export the Farmmi’s Shiitake mushrooms to Southwest Asia. Moreover, the company is able to utilize numerous partners’ logistical investments. This allows them to concentrate on their direct farm and collective networks, ensuring that they have enough supply to fulfill the increasing demand for agricultural goods.

FAMI Wins New Order for Export to Lebanon

FAMI happily announced on 1^st September 2021 that they have won another order for export to Lebanon. Zhejiang Farmmi Biotechnology Co., Ltd., said that it has received a new product order for their famous dried whole Shiitake mushrooms. The buyer will export these Farmmi’s Shiitake mushrooms to Lebanon.

Reasons why FAMI is getting success

According to them, the growing sophistication of consumer diets, the need for more vitamin and nutrient-rich goods, and the mainstreaming of vegetarian options have all contributed to significant momentum for the company.

FAMI benefits from Accelerating Sales Growth

On 25^th August 2021, FAMI announced that for its famous dried whole and sliced mushrooms, the company received a fresh multi-product order from a long-time client. FAMI’s products will reach Vancouver, Canada.

Moreover, the company is getting benefits from increased worldwide demand as well as its competitive edge. FAMI is focusing on increasing growth through product innovation and improved client connections.

Increased sales in North America

FAMI stated about their increased sales in North America on 17^th August 2021. The firm highlighted the continued success of its worldwide expansion plan. Dried Shiitake mushrooms, as well as dried and sliced Shiitake mushrooms, are the most recent orders. The client, a Canadian international trade firm, specialized in importing and distributing Asian food goods in the Vancouver, Calgary, and Winnipeg areas.

Farmmi Wins Another Multi-Product Order, Exporting to the U.S.

On 11^th August 2021, Zhejiang Forest Food Co., Ltd., said that a long-term client had placed a multi-product order for its famous dried whole and sliced mushrooms, as well as a dried black fungus. FAMI’s products will export to the United States.

Firstly, the company continues to grow its business by offering high-quality food items. Secondly, their manufacturing and logistics investments have given them a considerable competitive edge. Thirdly, it has added confidence to their upbeat business outlook. Last but not the least, FAMI has reached a turning point in its development. Hence, they continue to expand as a result of their strong worldwide demand trends in culinary applications and traditional Chinese medicine.

Katapult Holdings, Inc. (KPLT) is experiencing a tremendous incline of 11.43% in the aftermarket because Pomerantz Law Firm decides to investigate claims on behalf of investors of KPLT. However, the last trading session closed at $6.3 with an increase of 2.61%.

Pomerantz Law Firm decides to investigate claims on behalf of investors of KPLT

On 9^th September 2021, it was announced that Pomerantz LLP is looking into claims on behalf of KPLT stockholders. KPLT and certain of its officials and directors will be investigated for securities fraud or any other illegal business activities.

HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Updates KPLT, LIVE, ZY Investors on Securities Fraud, Encourages Investors with Losses to Contact the Firm

On 9^th September 2021, KPLT stated that investors should contact Hagens Berman for updates. Moreover, investors who have incurred severe losses should contact the firm on an immediate basis.

According to the complaint, Defendants misrepresented and concealed the following facts:

• KPLT was experiencing declining e-commerce retail sales and consumer spending.
• Despite Defendants’ assertions that the Company was a clear and compelling value proposition for both consumers and merchants. Katapult lacked visibility into consumers’ buy decisions.

The truth was revealed on Aug. 10, 2021, barely two months after Katapult completed the transaction and issued its financial forecast for 2021. 

Second Quarter 2021 Financial Results

KPLT announced second-quarter 2021 financial results on 10^th August 2021. The total income was $77.5 million, up 27.6% from the previous year. Year-to-date sales were $158.1 million, up from $103.6 million the previous year, representing a 52.6 percent gain.

Gross originations were $64.4 million, up 1% from the first quarter of 2021 but down 17% from the same period last year. From the second quarter of 2019 to the second quarter of 2021, our compound annual growth rate for Gross Originations was 75.4 percent.

The net loss was $8.1 million, compared to a net income of $5.1 million in the second quarter of 2020. The adjusted net income was $1.5 million, down from $5.2 million in the second quarter of 2020 by 70.4 percent.

Adjusted EBITDA was $3.9 million, down 64.8 percent from $11.1 million in the second quarter of 2020, owing to greater investment in growth efforts, more typical seasonal lease payment performance, new hire expenses, and extra public company expenditures.

IVERIC bio, Inc. (ISEE) experienced an increase of 42.58% in the aftermarket. However, the last trading session concluded at $8.69 with a decline of 1.14%.

What’s taking place?

Though ISEE did not release any latest news on today’s date. Yet there is much important news in recent times. Let’s cover them to see where is the stock standing.

ISEE Reports Inducement Grants Under Nasdaq Listing Rule

On 2^nd September 2021, ISEE reported that three recently hired non-executive workers received equity-based incentives. The company gave them incentives under the 2019 Inducement Stock Incentive Plan.

Moreover, the Company’s compensation and talent strategy committee approved the inducement grants. And they were made as a material inducement to the employee’s acceptance in accordance with Nasdaq Listing Rule 5635(c)(4).

A non-statutory option to acquire an aggregate of 155,000 shares of the Company’s common stock and two awards of 12,500 restricted stock units for shares of the Company’s common stock made up the incentive grants.

ISEE released second-quarter 2021 financial results

The company announced second-quarter 2021 financial results on 4^th August 2021. ISEE has $159.9 million in cash and cash equivalents as of June 30, 2021.

First, the Company raised $108 million in net proceeds through an underwritten public offering of common stock in July 2021. Not only this, but the company also sold 13,397,500 shares of ordinary stock.

Secondly, the Company now expects cash, cash equivalents, and available for sale securities to total $215 million to $225 million at the end of 2021. Last but not the least, the company also expects its cash to be adequate to finance its anticipated capital expenditures and operational expenses until at least mid-year 2024.

ISEE Completes Patient Enrollment of GATHER2 Pivotal Clinical Trial

ISEE stated on 26^th July 2021 that GATHER2 has reached an early completion of patient enrolment (AMD). The company expects to get Topline GATHER2 data in the second half of 2022. This will continue until the year after the last patient is enrolled, plus the time required for database lock and analysis.

Furthermore, the company also revealed that it had acquired formal approval from the US Food and Drug Administration (FDA) for the general design of GATHER2. The company will do this under a Special Protocol Assessment (SPA). Lastly, if the current GATHER2 clinical study fulfills its primary objective at 12 months, the Company intends to file an application with the FDA for commercial clearance of Zimura for GA.

Bilibili Inc. (BILI) experienced a decline of 7.26% in the premarket without any specific reason. However, the last trading session concluded at $85.8 with a decrease of 5.86%.

BILI Announces Results of Extraordinary General Meeting, Class Z Meeting, and Class Y Meeting

On 1^st September 2021, BILI announced the results of the extraordinary general meeting. However, the class meeting of holders of Class Y ordinary shares with a par value of US$0.0001 each. While the class meeting of holders of Class Z ordinary shares with a par value of US$0.0001 each.

BILI published Second Quarter 2021 Financial Results

BILI released its unaudited financial results for the second quarter ending June 30, 2021, on August 19, 2021. The second quarter of 2021 had total net revenues of RMB4,495.3 million (US$696.2 million), up 72 percent over the same quarter in 2020. Furthermore, the gross profit of BILI was RMB989.0 million (US$153.2 million), up 64 percent from the same period the previous year. Increased net revenues accounted for the majority of the increase. RMB1,520.6 million (US$235.5 million) was lost on operations.

In the same time of 2020, it was RMB610.1 million. In the same time of 2020, the net loss was RMB1,121.8 million (US$173.7 million), compared to RMB570.9 million in the previous year. Moreover, for the second quarter of 2021, the basic and diluted net loss per share was RMB2.91 (US$0.45). At the same time as 2020, the basic and diluted net loss per share was RMB1.63.

Mr. Rui Chen, the CEO of BILI, stated that the company’s strong second-quarter results demonstrate that their high-quality user growth approach is working. Their total MAUs in the second quarter of 2021 were 237.1 million, up 38 percent year over year.

Lastly, the average user time spent on BILI has increased to an incredible 81 minutes per user each day. They’ve kept loyal to their roots and aim. They’ve created a fantastic community for their users and content providers to help promote Chinese content throughout the world. He went on to say that they aim to expand their facilitation of social growth and beneficial cultural effect on society.

China Telecom’s Strategic Equity Investment

BILI announced on August 11th, 2021, that its PRC subsidiary Shanghai Bilibili Technology Co. has signed a strategic investor allotment agreement with China Telecom Corporation Limited.

China Telecom is a full-service supplier of integrated intelligent information services in the People’s Republic of China. Shanghai BILI is required to invest almost RMB500 million in China Telecom’s freshly issued A-shares under the terms of the allocation agreement. Based on an offering price of RMB4.53 per share, Shanghai BILI has allotted 110,375,000 of the issued A-shares. Last but not the least, the A-shares will be subject to a 36-month lock-up period for Shanghai BILI.