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Globe and Mail
01-04-2025
- Business
- Globe and Mail
Small Cap Pops Premarket Following Acquisition Announcement
An Illinois-based tech company is turning heads so far during Tuesday's premarket after it was announced that MDA Space will acquire the company in an all-cash transaction for $193 million. Seeing that this small cap closed with a market cap of just under $100 million on Monday, it's no wonder traders rushed to buy up shares of SatixFy Communications Ltd. (NYSE American:SATX) this morning, with shares currently bid at $1.98/share (+65.00% implied open for sellers) at the time of writing. SatixFy Communications Ltd. develops end-to-end next-generation satellite communications systems. The company offers satellite payloads, user terminals, and modems. Its products include modems that feature software defined radio; fully electronically steered multi beam antennas; and very small aperture terminals and multi-beam fully electronically steered antenna arrays for various mobile applications and services. SatixFy Communications Ltd. was founded in 2012 and is headquartered in Rehovot, Israel. Copyright © 2025 All rights reserved. Republication or redistribution of content is expressly prohibited without the prior written consent of shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. View more of this article on About Media, Inc.: Founded in 1999, is one of North America's leading platforms for micro-cap insights. Catering to both Canadian and U.S. markets, we provide a wealth of resources and expert content designed for everyone—from beginner investors to seasoned traders. is rapidly gaining recognition as a leading authority in the micro-cap space, with our insightful content prominently featured across numerous top-tier financial platforms, reaching a broad audience of investors and industry professionals. Want to showcase your company's story to a powerful network of investors? We can help you elevate your message and make a lasting impact. Contact us today. Contact: Media, Inc.
Globe and Mail
26-03-2025
- Business
- Globe and Mail
Shares Of This Software Company Found Serious Mid-Week Success
A software company based out of Tennessee turned a lot of heads on Wednesday after the company reported better-than-expected FY24 sales results. Seeing that fundamental deep dives aren't necessarily too common when it comes to penny stocks, it was refreshing to see traders snatch up shares of the micro cap. Shares of SurgePays Inc. (Nasdaq:SURG) found a tremendous amount of success following the announcement, with shares closing up at $2.35/share (+70.29%). Surgepays Inc is a fintech company focused on the underbanked community. It provides services to financial technology, telecommunications, and digital media companies. Its operating segment includes Surge Blockchain and Other; Surge Logics; TW and ECS (Electronic Check Services). The Company's blockchain platform utilizes a suite of financial and prepaid products to convert corner stores into tech hubs for underbanked neighbourhoods. The neighbourhood stores are profit partners that provide a multichannel distribution network for SurgePays. Copyright © 2025 All rights reserved. Republication or redistribution of content is expressly prohibited without the prior written consent of shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. View more of this article on About Media, Inc.: Founded in 1999, is one of North America's leading platforms for micro-cap insights. Catering to both Canadian and U.S. markets, we provide a wealth of resources and expert content designed for everyone—from beginner investors to seasoned traders. is rapidly gaining recognition as a leading authority in the micro-cap space, with our insightful content prominently featured across numerous top-tier financial platforms, reaching a broad audience of investors and industry professionals. Want to showcase your company's story to a powerful network of investors? We can help you elevate your message and make a lasting impact. Contact us today. Contact: Media, Inc.
Globe and Mail
29-01-2025
- Automotive
- Globe and Mail
This EV Stock Rallied Strongly On Financing Round Proceeds
A California-based EV company turned heads on Wednesday after the company announced that it received full net proceeds form a $30 million financing announced in December. The company went on to say that the latest capital infusion will support, among other things, ongoing deliveries this year of the FF 91 2.0 electric full-size luxury cross over SUV. Traders didn't hesitate to scoop up shares of Faraday Future Intelligent Electric Inc. (Nasdaq:FFIE) following the announcement, pushing the micro cap up to $1.54/share (+14.07%) at the early session high. This move was an attempt to breakout of the multi-month downtrend that this stock has been stuck in since last summer. Faraday Future Intelligent Electric Inc is a global shared intelligent mobility ecosystem. It is poised to break the boundaries between the Internet, IT, creative, and auto industries with product and service offerings that integrate new energy, AI, Internet, and sharing models. FF 91 is its first production vehicle and flagship model. Copyright © 2025 All rights reserved. Republication or redistribution of content is expressly prohibited without the prior written consent of shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.
