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As an investor, staying up-to-date on the latest news and developments in the stock market is crucial for making informed decisions. In today's article, we’re taking a look at four stocks with good trading activity across several stock exchanges.
Each of these stocks has released news that could impact their trading activity, and we will be breaking down the details of these announcements for investors. Whether you're a seasoned trader or just starting out, read on to learn more about these stocks and the updates that they have given to potential investors and shareholders.
The stocks with news from yesterday that we will be taking a closer look at are GROM, LOCL, TIVC, and NKLA.
Grom Social Enterprises Inc. (NASDAQ: GROM)
Grom Social Enterprises is a multi-faceted media, technology, and entertainment company that focuses on providing family-friendly programming, web filtering technology, and safe social media options for children.
Within its operating subsidiaries, Grom Social is the primary platform, providing a safe social media platform for children under 13 years old, who are typically not allowed to use most social media platforms without parental consent.
Grom Social offers features such as chatting with friends, viewing original content, and playing games designed by the company, all while being monitored by live associates 365 days a year. The platform not only entertains children but also educates them on how to be responsible digital citizens, while also giving them access to relevant news and proprietary games.
Curiosity Ink Media, the storytelling arm of Grom Social Enterprises, revealed on Wednesday that Denver, The Last Dinosaur, a beloved animated children's series produced by WEP, LLC in St. Louis, had chosen them as the exclusive licensing agent. This announcement was jointly made by Curiosity Ink Media's CEO, Jared Wolfson, and WEP's President, Bob Koplar.
The collaboration between WEP and Curiosity Ink Media will start in June 2023 at Licensing Expo 2023, a significant event for the licensing sector that brings brands and thousands of attendees together and enables them to maximize the impact of their products through partnerships and innovation.
Curiosity Ink Media and WEP will meet with several potential licensee partners to leverage Denver's broad-based consumer appeal across nearly two dozen categories, including toys, games, apparel, home decor, footwear, accessories, and more.
Investors should take note, as this development presents a significant opportunity for Grom Social Enterprises to further expand its portfolio and revenue streams. Grom Social Enterprises has the potential to increase brand recognition, generate significant revenue, and provide long-term value to its investors by capitalizing on Denver's loyal fan base and broad-based consumer appeal.
To learn more about Grom Social Enterprises, visit their website gromsocial.com
Local Bounti Corporation (NYSE: LOCL)
The groundbreaking indoor agriculture business Local Bounti combines the best elements of vertical and greenhouse growing technologies. Local Bounti is revolutionizing indoor farming with its proprietary Stack & Flow Technology, which improves crop turns, output, and unit economics. The company operates cutting-edge indoor growing facilities across the United States, and its two brands, Local Bounti and Pete's, are available in over 10,000 retail locations.
Local Bounti's hybrid approach combines the best features of controlled-environment agriculture with natural elements to produce healthy food in a sustainable manner. Local Bounti's sustainable growing practices are better for the planet because they use 90% less land and water than traditional farming methods.
Local Bounti announced on March 29 that it had secured up to $145 million in new financing from two sources to support its growth plans and increase production to meet rising demand for its products. The financing includes an amendment to its credit facility agreement with Cargill Financial Services International that increases the facility's capacity from $170 million to up to $280 million, subject to certain conditions.
In exchange, Local Bounti issued Cargill 5-year warrants to purchase up to 69.6 million shares of common stock at a premium to its current stock price. The company also entered into a sale-leaseback agreement with a real estate investment trust for its facilities in California for $35 million.
Kathleen Valiasek, CFO of Local Bounti, commented, "We are very pleased with the outcome of these transactions and the support they provide for Local Bounti's growth ambitions. We remain laser focused on identifying opportunities where we can utilize our flexible Stack & Flow Technology to deliver improved yields to meet the robust demand for locally grown and sustainable produce that we are seeing across our industry-leading distribution footprint."
To find out more, visit localbounti.com.
Tivic Health Systems, Inc. (OTC: TIVC)
TIVC is a commercial-stage health technology company that provides non-invasive bioelectronic treatments to consumers for the treatment of inflammation and other related conditions.
On March 29, TIVC announced the completion of the supplier qualification and first article inspection of Microart Services, Inc., one of two new partners for TIVC announced in Q4 of 2022.
The supplier qualification and successful first article inspection helped to confirm that Tivics' production process is under statistical control and produces safe, high-quality products in compliance with Tivics' specifications and applicable regulatory requirements.
Tivic has been able to increase production capacity by 25 times while reducing costs associated with printed circuit board manufacturing by 70% thanks to its partnership with Microart.
Furthermore, Tivic has teamed up with another supplier, ALOM, resulting in lower costs, more production capacity, and a 37% decrease in the forecasted COGs for 2023.
TIVC will report their financial results for the year ended December 31, 2022, via a pre-recorded conference call and webcast on Friday, March 31, 2023, at 1:30 p.m. PT and 4:30 p.m. ET.
If you are Interested in learning more about Tivic, visit tivichealth.com/investor/
Nikola Corporation (NASDAQ: NKLA)
Nikola Corporation is a company based in Phoenix, Arizona, that is focused on revolutionizing the transportation industry on a global scale. They develop and manufacture automobiles, drivetrains, parts, and energy storage systems that are powered by zero-emission battery-electric and hydrogen-electric technologies.
Additionally, they are committed to transforming the economic and environmental impacts of commerce. The HYLA brand is one of the ways in which they are pursuing this goal, with a particular focus on developing hydrogen station infrastructure.
The news release from NKLA was regarding their celebration of the 100-sale order milestone for the Nikola Tre Hydrogen FCEV Class 8 Truck. Deliveries of the purpose-built heavy-duty trucks will begin in Q4 2023.
"We believe Nikola is the only company in the U.S. with a Class 8 hydrogen FCEV available in calendar year 2023, engineered and assembled in the U.S., as well as a variety of upcoming hydrogen energy solutions," said Michael Lohscheller, Nikola's President and CEO. "Customers are recognizing this and are demanding zero-emissions trucking solutions to fulfill their shipping needs and to meet their environmental, social, and governance goals. And it will have quite an effect, as one heavy-duty zero-emission truck equates to removing 23 gasoline-powered passenger cars from the road in annual CO2 emissions."
The Nikola Tre FCEV is a cutting-edge Class 8 truck that boasts a remarkable range of up to 500 miles and an estimated fueling time of only 20 minutes, making it one of the most advanced and environmentally friendly trucks on the market. This innovative vehicle is versatile enough to excel in a wide range of applications, from drayage and intermodal transport to metro-regional truckload, less-than-truckload, and specialized hauling scenarios.
Investors interested in learning more about NKLA and their environmentally friendly transportation solutions should visit: www.nikolamotor.com
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