Shattuck Labs Reports Positive Initial Data From Dose Expansion Trial Of SL-172154 With Azacitidine

Shattuck Labs, Inc. (STTK) reported initial topline dose-expansion data from ongoing Phase 1A/B clinical trial of SL-172154 in combination with azacitidine in frontline Higher-Risk Myelodysplastic Syndromes and TP53 mutant Acute Myeloid Leukemia patients. The company said 79% objective response rate was observed in frontline HR-MDS patients, primarily with TP53 mutations; while initial complete response/marrow complete response rate was 64%. In frontline TP53m AML patients, 27% initial CR/complete response was observed with incomplete hematologic recovery, while 5/11 evaluable patients achieved stable disease with decreasing blast counts and peripheral blood count improvement. SL-172154 showed an acceptable safety and tolerability profile as a monotherapy and in combination with azacitidine, the company noted.

The company has amended both studies to increase the sample size and plans to provide another update by mid-year 2024.

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Pre-market Movers: STTK, IOAC, JTAIZ, LPTV, MYNA…

The following are some of the stocks making big moves in Wednesday’s pre-market trading (as of 06.50 A.M. ET).

In the Green

Shattuck Labs, Inc. (STTK) is up over 37% at $2.91.
Innovative International Acquisition Corp. (IOAC) is up over 31% at $11.26.
Jet.AI Inc. (JTAIZ) is up over 26% at $2.27.
Mynaric AG (MYNA) is up over 14% at $5.47.
NuZee, Inc. (NUZE) is up over 14% at $2.14.
C4 Therapeutics, Inc. (CCCC) is up over 11% at $2.62.
Aurora Mobile Limited (JG) is up over 9% at $2.71.
Lizhi Inc. (LIZI) is up over 9% at $2.51.
Minerva Surgical, Inc. (UTRS) is up over 9% at $2.41.
Gaotu Techedu Inc. (GOTU) is up over 7% at $3.69.
Applied UV, Inc. (AUVI) is up over 7% at $2.21.
QuantaSing Group Limited (QSG) is up over 6% at $2.21.
SES AI Corporation (SES) is up over 6% at $2.15.
Davis Commodities Limited (DTCK) is up over 6% at $1.10.
NextPlay Technologies, Inc. (NXTP) is up over 6% at $0.99.

In the Red

Loop Media, Inc. (LPTV) is down over 16% at $1.08.
GigaCloud Technology Inc. (GCT) is down over 10% at $12.74.
IN8bio, Inc. (INAB) is down over 8% at $1.50.
Aditxt, Inc. (ADTX) is down over 7% at $5.64.
Acurx Pharmaceuticals, Inc. (ACXP) is down over 7% at $3.09.
Standard Lithium Ltd. (SLI) is down over 6% at $1.67.
Golden Heaven Group Holdings Ltd. (GDHG) is down over 6% at $1.38.

Dollarama Q3 Net Income Rises; Comps. Up 11.1%

Dollarama Inc. (DOL.TO) reported third quarter net earnings of C$261.1 million, or C$0.92 per share, compared to C$201.6 million, or C$0.70 per common share, prior year. On average, ten analysts polled by Thomson Reuters expected the company to report profit per share of C$0.86, for the quarter. Analysts’ estimates typically exclude special items.

Sales for the third quarter increased by 14.6% to C$1.48 billion. The company said this increase was driven by growth in the total number of stores over the past 12 months and increased comparable store sales. Comparable store sales for the third quarter increased by 11.1%. The company said the increase in comparable store sales is primarily attributable to higher sales across all product categories, including continued higher than historical demand for consumables. Analysts on average had estimated C$1.48 billion in revenue.

On December 13, 2023, the Corporation announced that its board of directors approved a quarterly cash dividend for holders of common shares of C$0.0708 per common share. The dividend is payable on February 2, 2024 to shareholders of record at the close of business on January 5, 2024.

The company increased fiscal 2024 guidance for comparable store sales growth to between 11.0% to 12.0%.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.

ABM Industries Gains After Q3 Profit Beats Estimates

ABM Industries Inc. (ABM) shares are gaining more than 13 percent on Wednesday morning trade after the company reported increased fourth-quarter earnings that surpassed the Street estimates

The quarterly earnings were $62.8 million, or $0.96 percent, compared to $48.9 million, or $0.73 per share in the previous year. On an adjusted basis, earnings were $66.2 million or $1.01 per share. Wall Street analysts were looking for $0.92 per share.

Revenues were $2.092 billion, up from $2.011 billion last year.

Looking ahead to the fiscal 2024, the company expects adjusted earnings per share in a range of $3.20 to $3.40. Analysts are projecting $3.41 per share.

Currently, shares are at $50.53, up 13.54 percent, from the previous close of $44.36 on a volume of 598,164.

Blackboxstocks To Acquire Evtec Aluminium

Fintech company Blackboxstocks Inc. (BLBX) announced Wednesday that it executed a definitive agreement to acquire Evtec Aluminium Ltd. The transaction is expected to close in the first quarter of 2024.

Evtec is a supplier of proprietary mission critical parts for the Electric Vehicle (EV), Hybrid, Performance and Luxury OEM automotive markets.

Post-closing, Blackbox and Evtec Aluminum common stockholders will own 26.7% and 73.3% of the estimated 12,000,000 common shares outstanding post-merger, respectively.

Blackbox plans to acquire the remaining 87% of Evtec Automotive in the first quarter of 2024. Evtec Automotive’s inclusion in the merger would result in Blackbox shareholders retaining 9.5% of the combined companies.

Blackbox common stockholders of record immediately prior to closing of the transaction will receive a contingent value right for the net proceeds received by the Company for the sale or spin-off of the current Blackbox fintech operations within a 24-month period after the close of the merger. The current Blackbox operations will be moved into a new subsidiary prior to the closing.

The transaction is expected to close in the first quarter of 2024 and is subject to customary closing conditions including but not limited to regulatory, lender and stockholder approval.