Laser Focus World is an industry bedrock—first published in 1965 and still going strong. We publish original articles about cutting-edge advances in lasers, optics, photonics, sensors, and quantum technologies, as well as test and measurement, and the shift currently underway to usher in the photonic integrated circuits, optical interconnects, and copackaged electronics and photonics to deliver the speed and efficiency essential for data centers of the future.

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Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
  • James Butler, Ph.D., Hamamatsu
  • Natalie Fardian-Melamed, Ph.D., Columbia University
  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

Donald Trump’s Digital World Surges, Shines Spotlight on Special-Purpose Acquisition Companies (SPACs) DWAC, HNRA, ATAK, HNRC

This week, specific stocks have experienced increased demand from investors, generating significant attention in the markets. This article offers a brief overview of these stocks. 

Digital World Acquisition Corp. (NASDAQ: DWAC) has reemerged into the spotlight with the former U.S. President Donald Trump is competing in another potential presidential election. This development has captured the attention of investors, particularly due to Trump's special-purpose acquisition company (SPAC), Digital World Acquisition Corp. Following his recent victory in Iowa, prompting his opponent Ron DeSantis to withdraw from the race, the focus has intensified. Notably, Digital World Acquisition Corp. (NASDAQ: DWAC) is poised to take Trump's social media platform, Truth Social, public. The stock witnessed a remarkable surge of 88.36% on Monday, accompanied by heightened interest, and trading volumes exceeded the average 60-day trading volume. With Trump's campaign gaining momentum, there is growing anticipation of increased attention on Digital World Acquisition Corp. (NASDAQ: DWAC) stock. 

The week started on a high note for Aurora Technology Acquisition Corp. (NASDAQ: ATAK) as its stock recorded a notable gain of 18.39% on Monday. In addition to this, the trading volume for Aurora Technology Acquisition Corp. stock surged to nine times its average daily 60-day volume. On January 8, it was revealed that ATAC Sponsor LLC, the sponsor of the company, injected $135,000 into its trust account. This financial move aimed to extend the deadline for finalizing a business combination, pushing the consummation deadline from January 9, 2024, to February 7, 2024. Importantly, the extension note does not involve any interest. The market awaits with interest to observe whether Aurora Technology Acquisition Corp. will continue to build on its gains today. 

Houston Natural Resources Corp. (OTC: HNRC) emerged as a notable participant in the oil and natural gas sector, drawing significant attention from investors on Thursday. The focus centered on its portfolio company and SPAC, HNR Acquisition Corp. (NYSE: HNRA). Despite the absence of specific company-related updates, the stock generated substantial interest. Trading activity for HNR Acquisition Corp. experienced a significant surge, reaching 13.16%, with the stock reaching its highest point in 52 weeks at $13.93 per share and up 14.15% in After Hours trading Monday January 22, 2024. 

On December 11, 2024, the company made headlines by revealing its completed business combination, effective from November 15, 2023. The transaction involved acquiring the entire equity interest in Pogo Resources LLC and its subsidiary, LH Operating LLC (LHO). It's important to highlight that HNR Acquisition Corp. functions as an independent company in the natural gas and oil sector, engaging in the development, exploration, acquisition, and production of oil and gas in the Permian Basin in New Mexico. Among its assets is the Grayburg Jackson oil field in the Permian Basin. 

LHO, previously a privately held entity, assumed operational control of the Grayburg Jackson Field in 2020 after acquiring the property in 2019. The initial production level in 2020 stood at 500 barrels of oil equivalent per day. By the conclusion of the nine-month period ending on September 30, 2023, LHO had successfully elevated its baseline production to 1388 barrels of oil equivalent per day. All the oil produced by LHO was distributed to various customers in the United States through long-term contracts. During this specified nine-month timeframe, LHO achieved a positive cash flow of $20.3 million and a net income of $3.9 million.

 

 

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