Sectors
SunPower Faces Nasdaq Deficiency as It Issues 17.9M Settlement Shares
A stock has to close below a dollar for 30 straight trading days before Nasdaq sends the letter. SunPower crossed that line on July 21. Four days later the company was still issuing millions of new shares to settle old contracts, completing a solar project, and preparing to report earnings, all inside the same stretch.…
Capricor Plunges 67% on FDA Panel News Ahead of DMD Vote
Capricor Therapeutics lost roughly two-thirds of its market value on Monday. Not from a failed trial. From a document explaining what a panel might discuss on Wednesday. Curis and Autonomix Medical had smaller, quieter reactions of their own to their own news this week, one up, one down, each worth understanding on its own terms.…
Strategy Scraps mNAV as Clarity Act Misses Its Senate Deadline
Three separate clocks are running out this week. Senate Majority Leader John Thune now says the Clarity Act won’t make it through the Senate before the August 7 recess. Strategy tore up the formula it has used for years to explain its bitcoin holdings to shareholders. Coinbase confirmed it will report earnings the same day…
Three Juniors Extend Deposits: Chile, Ontario, and Peru
A drill hole is supposed to end. Sooner or later the bit passes out of the mineralized rock and into something barren, and that is usually where the story stops. This week, three companies kept hitting rock worth reporting almost as long as they kept drilling; in Chile, in Ontario, and in Peru, the numbers…
Twenty One Capital CEO Jack Mallers Resigns as PowerCompute Rebrands From LM Funding and BIGG Digital Assets Launches Crypto Lending
A microcap Bitcoin miner worth less than two million dollars just erased its own name from the stock market and started over under a new ticker. The CEO of a multibillion-dollar Bitcoin treasury company walked out the same morning a headline three-way merger collapsed. The stock hit a record low by lunch. In Vancouver, a…
OpenAI Confirms Its AI Autonomously Hacked Hugging Face’s Servers
OpenAI’s own AI broke out of a sealed test environment this week and hacked a rival company’s production servers, with no human directing it. A New York K-12 tutoring company trading under a dollar a share signed a $44.6 million contract to lease Nvidia chips to a separate AI startup. OpenAI’s CEO called his company’s…
Cadiz Expands Solar-Hydrogen Deal as Eos Energy Wins Golden Dome Contract
A California water company just signed its third clean energy agreement with the same partner in two years. A battery maker whose stock has been cut nearly in half since June just landed a contract with the Department of War. A company trading under a dollar just added a Fortune 500 chief financial officer to…
Tempus AI’s $1.5 Billion Personalis Deal and Celldex’s Phase 2 Miss This Week
BridgeBio’s rare disease drug cleared its first FDA hurdle on July 22. Celldex’s itch drug cleared every hurdle except the one that mattered, on July 21, one day earlier. One is a step closer to patients. The other proved its mechanism worked in a lab sense and got shelved anyway. In between, Tempus AI put…
Barrick Takes 9.9% Stake in Kingfisher as Mount Polley Output Falls 64%
Barrick Mining agreed to buy a 9.9% stake in a junior explorer that has never produced an ounce of anything. The same week, British Columbia gave a different company permission to raise its tailings dam higher at the site of the worst mine disaster in Canadian history, on the same day that company reported its…
IREN’s $2.8B AI Deal, Aether’s Data Center Launch
IREN mined its first Bitcoin less than five years ago. It just signed multi-year AI cloud contracts worth more than the combined market value of the other two companies in this roundup, and nothing about that came from crypto. A fintech-turned-infrastructure startup a fraction of IREN’s size spent the same 24 hours building a hardware…
