Yotta Acquisition (NASDAQ:YOTA) Stock, Quote.Headers.trade-ideas

Yotta Acquisition Corp is a shell company.

Yotta Acquisition Corporation - Common Stock

Yotta Acquisition Corp

Yotta Acquisition Corporation - Right

HC Wainwright &amp; Co. analyst Andrew Fein reiterates Sutro Biopharma (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STRO#NASDAQ">STRO</a>) with a Buy and maintains $12 price target.

News

Price Target

Reiteration

Analyst Ratings

STRO

HC Wainwright & Co. Reiterates Buy on Sutro Biopharma, Maintains $12 Price Target

Needham analyst Mike Cikos reiterates JFrog (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FROG#NASDAQ">FROG</a>) with a Buy and maintains $33 price target.

FROG

Needham Reiterates Buy on JFrog, Maintains $33 Price Target

B of A Securities analyst Nitin Bansal initiates coverage on Yelp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YELP#NYSE">YELP</a>) with a Underperform rating and announces Price Target of $30.

Initiation

YELP

B of A Securities Initiates Coverage On Yelp with Underperform Rating, Announces Price Target of $30

HC Wainwright &amp; Co. analyst Raghuram Selvaraju initiates coverage on Coya Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COYA#NASDAQ">COYA</a>) with a Buy rating and announces Price Target of $18.

COYA

HC Wainwright & Co. Initiates Coverage On Coya Therapeutics with Buy Rating, Announces Price Target of $18

On September 13, 2024, Air Lease was notified by The Boeing Company&nbsp;that certain union factory workers announced a labor strike. Air Lease is unable to estimate the duration of the labor strike and its implications on Boeing&rsquo;s ability to deliver aircraft.
Furthermore, as reported in the Company&rsquo;s latest 10-Q filing on August 1, 2024, the Company expected to receive 12 Boeing aircraft for the remainder of 2024, represented by 5 Boeing 737 MAX aircraft and 7 Boeing 787 aircraft. During the third quarter 2024 and prior to the announcement of the labor strike, the Company purchased 2 Boeing 737 MAX aircraft and 3 Boeing 787 aircraft.
Due to the labor strike, the Company cannot currently estimate when it will receive the remaining 7 Boeing aircraft, which were expected to be delivered in 2024, and as a result, its capital expenditures for the remainder of 2024.

Guidance

Air Lease Says It Is Unable To Estimate Impacts Of Boeing Labor Strike On Its Order Book; Says Cannot Currently Estimate When It Will Receive Remaining 7 Boeing Aircraft - Filing

Ares Management Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARES#NYSE">ARES</a>) ("Ares"), a leading global alternative investment manager, announced today the final closing of Ares U.S. Real Estate Opportunity Fund IV, L.P. ("AREOF IV" or the "Fund"). Ares raised over $3.3 billion to invest in opportunistic real estate in the U.S. through equity commitments to the Fund and related transaction vehicles. This marks the largest Ares Real Estate closed-end fundraise to date and is a significant increase from the $2.2 billion of commitments raised for the predecessor fund and related transaction vehicles.
The Fund, in combination with capital raised for the most recent vintage of Ares' European opportunistic real estate strategy, positions Ares with $5.5 billion of aggregate opportunistic capital aimed to capitalize on attractive new investment opportunities in the U.S. and Europe.
Consistent with its predecessors, AREOF IV focuses on acquiring real estate assets out of distressed ownership structures and special situations, enhancing and repositioning undermanaged assets, and pursuing risk-mitigated development and redevelopment in desirable submarkets.

ARES

Ares Management Closes Largest US Real Estate Fund at $3.3B, Targeting Opportunistic Investments

HC Wainwright &amp; Co. analyst Ed Arce reiterates Cidara Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDTX#NASDAQ">CDTX</a>) with a Buy and maintains $24 price target.

CDTX

HC Wainwright & Co. Reiterates Buy on Cidara Therapeutics, Maintains $24 Price Target

In Potash, Mosaic has encountered electrical equipment failures impacting both the Esterhazy and Colonsay mines. These operational challenges in aggregate are expected to reduce the&nbsp;third quarter&nbsp;potash production and shipment volumes by 200-300 thousand tonnes.
In Phosphate, production volumes and shipments during the quarter have been negatively impacted by weather events including Hurricane Francine with an estimated aggregate impact of 80-110 thousand tonnes.

Mosaic Says Potash, Phosphate Operations Sustained Operational Challenges That Are Expected To Reduce Production Volumes, Shipments In Q3

Zedge, Inc. (NYSE:<a href="https://www.benzinga.com/stock/ZDGE#NYSE">ZDGE</a>), a leader in building digital marketplaces and friendly competitive games around content that people use to express themselves, today announced its Board of Directors approved a new share repurchase program for up to $5.0 million of its Class B common stock. This new program follows the completion of its prior $3.0 million share repurchase program on August 28, 2024, in which the Company bought back 1.2 million shares of its Class B common stock.
Jonathan Reich, Zedge's CEO commented, "Our new stock repurchase program highlights our strong belief that the market is significantly undervaluing Zedge. Both the Zedge Marketplace and Emojipedia are experiencing impressive double-digit revenue growth, with an increasing, robust cash position while Zedge continues to invest in growth and buy back our stock. The addition of innovative AI features like pAInt and fresh emoji content, combined with our relentless focus on maximizing ad revenue, translates into exciting upside potential. Additionally, we're making the changes needed at GuruShots to drive growth, most recently with the on-boarding overhaul and introduction of a coin-based economy, coupled with investment in profitable user acquisition campaigns."

Buybacks

ZDGE

Zedge Board Approved $5M Share Buyback Program

Through this grant, AdvanSix will further advance its Sustainable U.S. Sulfate to Accelerate Increased Nutrition (SUSTAIN) initiative at its site in Hopewell, VA where ammonium sulfate fertilizer is currently produced.

ASIX

AdvanSix Secures $12M Grant From U.S. Department Of Agriculture Through FPEP Supporting Expansion Of American Fertilizer Production

CACI International Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CACI#NYSE">CACI</a>) will announce during a conference call this morning, Sept. 16, at 8:30 a.m. Eastern time, that it has entered into a definitive agreement to acquire a company. During the call, CACI's executive leaders will discuss the details, followed by a question-and-answer session.

CACI

CACI International to Announce New Acquisition During September 16 Conference Call, Executives to Discuss Details

Biotech

Health Care

General

SMMT

Summit Therapeutics Says Ivonescimab Data Were Presented At 2024 ESMO Annual Meeting, Including Two Presentations And One Poster Featuring Updated Ivonescimab Data In Advanced Triple-negative Breast Cancer, Recurrent/Metastatic Head And Neck Squamous Cell Carcinoma, And Metastatic Microsatellite-stable Colorectal Cancer

On Monday, Gauzy Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GAUZ#NASDAQ">GAUZ</a>) announced that it will unveil the first generation of its AI-powered advanced driver assistance system (ADAS) exclusively for commercial trucks at IAA TRANSPORTATION 2024, which will take place from September 17 to September 22 at the Deutsche Messe AG venue in Hannover, Germany.
Gauzy&#8217;s ADAS for commercial trucks, which Ford (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) Trucks has chosen to integrate into select vehicles, will allow the company to generate additional revenue from its Safety-Tech division by capitalizing on the firm&#8217;s growing demand for its innovative Smart-VisionTM camera monitor system (CMS).
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/06/39430780/chinese-ev-maker-xpeng-offers-test-drive-of-its-adas-to-tesla-ceo-elon-musk-after-he-xiaopeng-tries" rel="noreferrer noopener">Chinese EV Maker Xpeng Offers Test Drive Of Its ADAS To Tesla CEO Elon Musk After He Xiaopeng Tries FSD</a>
The system improves safety and fleet efficiency and reduces fuel consumption in the global commercial trucking industry, valued at more than $2.2 trillion.
Gauzy&#8217;s Smart-Vision CMS enables commercial truck operators to have increased road visibility from multiple vantage points by eliminating blind spots. It is also programmed to send drivers real-time notifications to allow them to make smarter and safer decisions.
Gauzy&#8217;s Smart-Vision system offers advanced features with its self-learning and predictive capabilities. Adaptive maneuver lines are shown on the system&#8217;s display while a commercial truck is in motion and during trailer calibration so drivers can see the space between the trailer and an obstacle.
Additionally, the system is equipped to protect vulnerable road users (VRU) by accurately detecting a range of road obstructions, such as a pedestrian or cyclist on the road.
Gauzy&#8217;s is the first to offer backward panning functionality while a commercial truck is in reverse.
Moreover, Gauzy&#8217;s ADAS comes with collision avoidance or detection technology and blind spot information systems (BSIS), a UN regulation standard that leverages artificial intelligence to diminish the risk of accidents.
The company said that Surveillance mode is another differentiator of the Gauzy Smart-Vision CMS, providing trucking operators with an added measure of security by enabling them to monitor their trucks from a distance.
The system has the capability to record suspicious activity and send notifications directly to drivers&#8217; mobile devices anytime a camera depicts movement around the vehicle, helping mitigate the risk of theft and vandalism.
Recently, co-founder and CEO Eyal Peso, co-founder and Chief Technology Officer Adrian Lofer, CFO Meir Peleg Alejandro Weinstein and other <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/g40829088/gauzy-ltd-announces-purchases-of-gauzy-shares-by-ceo-other-senior-executives-and-key-long-term-inv" rel="noreferrer noopener">senior executives</a> acquired an aggregate of 48,472 Gauzy shares at an average price of $10.35 per share for $0.50 million via open market purchases during August and September 2024.
Price Action: GAUZ stock closed higher by 2.12% at $9.62 on Friday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/06/39434026/xpeng-revamps-smart-driving-team-launches-ai-division-to-stay-competitive-in-autonomous-race-rep" target="_blank" rel="noreferrer noopener">XPeng Revamps Smart Driving Team, Launches AI Division To Stay Competitive in Autonomous Race: Report</a></li>
</ul>
Photo via company

Market-Moving Exclusives

Exclusives

GAUZ

EXCLUSIVE: Gauzy To Showcase AI-Powered Driver Assistance System for Safer Commercial Trucks

EXCLUSIVE: Gauzy Tells Benzinga 'Replaces traditional mirrors with high-definition cameras and displays to improve road safety and reduce fuel consumption'

EXCLUSIVE: Gauzy Tells Benzinga 'Ford Trucks amongst first OEMs to select Gauzy's newest cutting-edge ADAS, Smart-VisionTM camera monitor system (CMS)'

EXCLUSIVE: Gauzy Tells Benzinga Co. To Unveil Next Generational AI-Powered Advanced Driver Assistance System For Commercial Truck At IAA Transportation 2024

Needham analyst Bernie McTernan reiterates DraftKings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>) with a Buy and maintains $60 price target.

DKNG

Needham Reiterates Buy on DraftKings, Maintains $60 Price Target

Alcoa Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AA#NYSE">AA</a>) shares are trading higher after it entered a binding agreement with Saudi Arabian Mining Company (Ma&#8217;aden) to sell its 25.1% ownership in the<a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/b40868965/alcoa-announces-agreement-to-sell-its-25-1-stake-in-maaden-joint-venture-to-maaden" rel="noreferrer noopener"> </a><a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/b40868965/alcoa-announces-agreement-to-sell-its-25-1-stake-in-maaden-joint-venture-to-maaden" rel="noreferrer noopener">Ma&#8217;aden Joint Venture</a><a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/b40868965/alcoa-announces-agreement-to-sell-its-25-1-stake-in-maaden-joint-venture-to-maaden" rel="noreferrer noopener"> for around $1.1 billion</a>.
The transaction comprises around 86 million Ma&#8217;aden shares, valued at $950 million based on the 30-day volume-weighted average price as of September 12, 2024, and $150 million in cash.
The 2009 Saudi joint venture includes Ma&#8217;aden Bauxite and Alumina Company&nbsp;(MBAC) and Ma&#8217;aden Aluminium Company&nbsp;(MAC). Alcoa holds 25.1% of the joint venture, valued at $545 million as of June 30, 2024.
As per the deal, Alcoa will retain its Ma&#8217;aden shares for at least three years, with one-third becoming transferable after the third, fourth, and fifth anniversaries of the transaction&#8217;s closing.
During this holding period, Alcoa can hedge or borrow against its shares. In certain conditions, the holding period may be shortened.
After the transaction, Alcoa will hold approximately 2% of Ma&#8217;aden&#8217;s outstanding shares.
The transaction is pending regulatory approvals, Ma&#8217;aden shareholder approval, and other customary conditions, with an expected closing in the first half of 2025.
William F. Oplinger, Alcoa&#8217;s President and CEO, said, &#8220;The transaction simplifies our portfolio, enhances visibility in the value of our investment in Saudi Arabia and provides greater financial flexibility for Alcoa, an important part of improving our long-term competitiveness.&#8221;
&#8220;Since 2009, Alcoa has been a valued partner of Ma&#8217;aden, and our aluminium business has benefited substantially from our strategic partnership,&#8221; stated Bob Wilt, Ma&#8217;aden&#8217;s CEO.
Alcoa closed the second quarter with a <a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/b39825296/alcoa-corporation-reports-second-quarter-2024-results" rel="noreferrer noopener">cash balance of $1.49 billion.</a>
Investors can gain exposure to the stock via&nbsp;Macquarie ETF Trust Macquarie Energy Transition ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PWER#NYSE">PWER</a>) and SPDR S&amp;P Metals &amp; Mining ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XME#NYSE">XME</a>).
Price Action: AA shares are up 1.45% at $32.99 premarket at the last check Monday.
Photo via Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39845827/alcoas-profitability-program-reaping-results-analyst-sees-tailwinds-from-lagged-alu" target="_blank" rel="noreferrer noopener">Alcoa&#8217;s Profitability Program Reaping Results &#8211; Analyst Sees Tailwinds From Lagged Alumina Pricing</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

Large Cap

Asset Sales

Movers

PWER

Alcoa Pockets $1.1B From Saudi Joint Venture Sale: Details

Needham analyst Mayank Tandon reiterates Agilysys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGYS#NASDAQ">AGYS</a>) with a Buy and maintains $125 price target.

AGYS

Needham Reiterates Buy on Agilysys, Maintains $125 Price Target

Benchmark analyst Cody Acree initiates coverage on ARM Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) with a Hold rating.

Benchmark Initiates Coverage On ARM Holdings with Hold Rating

Yotta Acquisition Corp. (YOTA) has provided an announcement. Michael Lazar has stepped down from his roles on the Board of Directors and its variou...

Yotta Acquisition Corp. Board Reshuffles with New Appointment

Yotta Acquisition gets non-compliance notice from Nasdaq

An update from Yotta Acquisition Corp. (YOTA) is now available. Yotta Acquisition Corporation has announced a significant merger with DRIVEiT Finan...

Yotta Acquisition Corp. Merges with DRIVEiT, Expands EV Market Reach

YOTA

Press Releases

Yotta Acquisition Corporation Announces Receipt of Notice from Nasdaq Regarding Filing of Annual Report on Form 10-Q

Yotta Acquisition Corporation Announces Entering into a Merger Agreement with DRIVEiT Financial Auto Group, Inc., an Operator of Electric Vehicle Superstores

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Yotta Acquisition

Yotta Acquisition (YOTA) Forecast

Yotta Acquisition (NASDAQ:YOTA) Stock, Quote.Headers.trade-ideas