Financial News
Nano-Cap News Catalyst Watchlist (TBRIF, VOCL, FDCT, GENGF)
Investors are perpetually on the lookout for potential catalysts that can sway stock prices, and news has a proven track record of achieving just that. Positive news can often act as a powerful driver, propelling stocks to new heights.
Let’s take a closer look at four such stocks with recent news from this week.
Therma Bright Inc. (OTC:TBRIF) (TSXV:THRM)
Therma Bright Inc. is a developer and partner in a wide range of leading-edge, proprietary diagnostic and medical device technologies. They are dedicated to providing consumers and medical professionals with quality, innovative solutions that address some of today's most important medical and healthcare challenges. Therma Bright focuses on three strategic domains: respiratory disease, vascular health, and consumer medical devices.
On September 27, 2023, Therma Bright Inc. announced significant amendments to its acquisition agreements. The company has entered into an amended agreement with 2740162 Ontario Inc. (August Therapeutics) and Ketiko Bio Corp., collectively known as the "Vendors." This agreement entails Therma Bright acquiring a 25% interest in each of InStatin, Inc., and InVixa, Inc. It also includes an option for Therma to purchase additional shares in InStatin and InVixa. These developments were outlined in the company's press release from December 1, 2022.
The amended agreement involves Therma Bright issuing 55,000,000 shares to the vendors, with a significant portion going to InVixa from Ketiko, representing approximately 61% of the issued and outstanding shares therein. Additionally, an option allows Therma to purchase up to an additional 577,386 shares in InStatin, with cash payments of up to $499,997.08.
These developments mark a pivotal moment for Therma Bright Inc. as it expands its presence in the medical technology landscape. With the potential to acquire substantial stakes in InStatin and InVixa, Therma Bright positions itself to tap into the novel treatments being developed for COVID-19, asthma, and chronic obstructive pulmonary disease (COPD).
As the company navigates this transformative phase, investors should keep a close eye on Therma Bright, Inc. Stay tuned for updates as they continue to make strides in the healthcare sector, addressing pressing challenges with innovative solutions.
Creatd, Inc. (OTC:VOCL)
Creatd, Inc. is an emerging player in the digital domain. At its core lies Vocal, Inc., a subsidiary that operates a dynamic social media and publishing platform purpose-built to enhance user engagement and monetization.
Recently, Creatd, Inc. made headlines with an announcement that demanded attention. Their subsidiary, Vocal, Inc., swiftly attracted over $500,000 in indications of interest from investors for its current Reg CF offering, all within the span of a week. This remarkable achievement follows closely on the heels of the company's update about filing Form C/A with the SEC. Looking forward, Creatd, Inc. is planning to pursue a total of $5 million in Reg CF funding.
This fundraising endeavor aligns seamlessly with Creatd, Inc.'s overarching strategy. It seeks to fortify its financial foundation while simultaneously optimizing operational costs within its portfolio. The company's commitment to nurturing its investor community and augmenting shareholder value is unmistakable.
FDCTech, Inc. (OTC:FDCT)
In the dynamic world of financial technology, FDCTech, Inc. (FDC) stands tall as a U.S.-based pioneer in developing regulatory-grade financial technology infrastructure. FDC's mission revolves around serving the evolving financial markets of tomorrow with a diverse clientele that encompasses regulated and over-the-counter brokerages, prop trading firms, and algo trading firms across various asset classes, from forex and stocks to CFDs, commodities, indices, ETFs, and precious metals.
September 28, 2023, marked a significant milestone in FDCTech's journey. The company inked a legally binding agreement to merge with Alchemy Group, a strategic move poised to reshape its operational landscape. This transformative merger plan includes the acquisition of 100% of Alchemy Markets DMCC (UAE), 100% of Alchemy Prime Ltd. (UK), and the remaining 49.90% of Alchemy Markets Ltd. (Malta). This merger positions FDCTech to provide global institutional liquidity and multi-asset trading solutions, all powered by its proprietary, regulatory-grade technology, as the Alchemy Group.
FDCTech will issue 1,700,000 shares of its Series B preferred stock to facilitate this acquisition, with the existing management team and board of directors continuing to oversee operations. This strategic move, the culmination of extensive negotiations since September 2022, aims to establish a premier online trading and investment platform, targeting European, Asian, and Australian markets.
This acquisition plan ushers in a host of strategic advantages for FDCTech:
- Diversification of Services: Alchemy Group's subsidiaries offer a wide spectrum of financial services, spanning proprietary trading, institutional financial services, and retail online brokerage, catering to diverse market segments.
- Robust Financial Performance: Alchemy Group delivered an impressive financial performance in 2022, with audited revenues exceeding $22 million and a net income surpassing $12 million. This solidifies FDCTech's financial standing.
- Global Reach: With offices strategically located in Europe, the Middle East, and Asia, Alchemy Group's geographical footprint positions FDCTech to expand its global reach and serve an extensive clientele.
- Synergy and Market Leadership: The merger promises operational efficiencies, cost savings, and the potential for innovative product offerings, firmly establishing FDCTech as a key player in the financial technology industry.
As FDCTech embarks on this transformative merger journey, it emerges as a compelling stock to watch, given its strategic expansion into new markets and the potential for enhanced services and profitability.
Gear Energy Ltd. (OTC:GENGF) (TSX:GXE)
Gear Energy is a Canadian energy company primarily focused on the exploration and development of heavy oil-weighted production. The company's operations are centered in east-central Alberta and west-central Saskatchewan, both of which are regions known for their significant oil reserves.
On September 27, 2023, Gear Energy Ltd. shared some strategic moves aimed at enhancing shareholder value. The company's Board of Directors initiated a formal process known as the Strategic Repositioning Process. This comprehensive review explores various alternatives to boost shareholder value, including mergers, corporate sales, restructuring, asset sales, and more. Notably, Gear Energy Ltd. boasts strong cash flow generation, a robust balance sheet, and a substantial inventory of drilling and enhanced oil recovery opportunities.
Although no formal proposals have been received yet, several parties have expressed interest in potential transactions with Gear. The strategic repositioning process may ultimately result in various outcomes, or it could lead to no specific transaction. The company has engaged financial advisor Peters & Co. Limited to assist in this process, showcasing its commitment to making informed decisions.
In addition to these strategic moves, Gear Energy Ltd. provided an operational update. The company reported positive results from its summer drilling program, with production steadily increasing throughout September. This growth can be attributed to the successful drilling of seven Mannville heavy oil wells. Three of these wells are unlined multi-lateral horizontal wells, while the other four are single-lateral horizontal wells. Gear expects these wells to contribute not only to increased production but also to expanding future drilling opportunities.
Furthermore, Gear Energy Ltd. mobilized a rig in Tableland, Saskatchewan, to commence drilling two light oil wells, signaling its commitment to exploration and development. Additionally, the company initiated water injection into a new enhanced oil recovery project and completed planned waterflood expansions in Wilson Creek, reflecting its dedication to improving oil recovery and production across various locations.
Disclaimers:CapitalGainsReport (CGR) is not operated by a licensed broker, a dealer, or a registered investment adviser. This content is for informational purposes only and is not intended to be investment advice. The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements indicating certain actions & quote; may, could, or might occur. Understand there is no guarantee past performance will be indicative of future results. Investing in micro-cap and growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investors investment may be lost or impaired due to the speculative nature of the companies profiled. CapitalGainsReport (CGR) is owned by RazorPitch Inc. and has been retained by TBRIF to assist in the production and distribution of content. 'CGR' is responsible for the production and distribution of this content. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained in this article constitutes a solicitation, recommendation, endorsement, or offer by CapitalGainsReport/RazorPitch or any third party service provider to buy or sell any securities or other financial instruments. All content in this article is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in this article constitutes professional and/or financial advice, nor does any information in the article constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. CGR/RazorPitch is not a fiduciary by virtue of any persons use of or access to this content.
Media Contact
Company Name: Capital Gains Report
Contact Person: Mark McKelvie
Email: Send Email
City: NAPLES
State: FLORIDA
Country: United States
Website: https://capitalgainsreport.com/
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.