Smart Powerr (CREG) said Tuesday that it has struck a deal to sell about $2 million of its shares at $0.45 per share to some investors in a direct offering.
The stock closed at $0.6224 on Monday.
The transaction, with Univest Securities as placement agent, is expected to close May 20, the firm said.
Shares were down about 28% in afternoon trading.
Price: $0.45, Change: $-0.17, Percent Change: -27.76%
Shares of Mineral Resources (ASX: MIN) edged down in recent Tuesday trade after the company said in a late Monday Australian bourse filing that it would restart operations at its Bald Hill lithium mine in Western Australia, citing a sustained recovery in lithium prices and improved market conditions.The mine, which was previously placed on care and maintenance in November 2024, will now resume operations, with mining and crushing expected to begin in June and first spodumene concentrate production targeted for July, per the filing.The restart will be managed by the company's mining services division through its integrated operating model and is projected to generate around 370 jobs, the filing said.The company plans to begin initial shipments in the first quarter of fiscal 2027 and achieve a full production ramp-up by the second quarter of fiscal 2027, while incurring around AU$20 million in restart costs during fiscal 2026, the filing added.
GSI Technology (GSIT) won a Phase 1 contract from the Hsinchu County government in Taiwan for an AI-driven smart-city project, marking the company's first deployment of its Gemini-II Associative Processing Unit.The Phase 1 award covers development of an open-architecture software platform, integration of video and user-interface capabilities, and a pilot system supporting about 20 cameras, the company said Monday in a statement.The Smart Eye Guardian system provides real-time detection and monitoring of public-safety events. Phase 1 is expected to run for six months, with potential production deployments beginning in 2027, the company said.Financial terms were not disclosed, though follow-on phases "could generate a multi-million-dollar opportunity for hardware and recurring software-licensing revenue," GSI said.GSI shares rose 1.7% in after-hours trading.
Top cryptocurrencies fell Monday, with Bitcoin (BTC-USD) falling below the $77,000 level.The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, fell almost 2.7% in the past 24 hours. The Nasdaq 100 fell 0.5%, the S&P 500 eased 0.1%, and the Dow Jones Industrial Average rose 0.3%.Bitcoin fell 1.9% to $76,931, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume surged 151.7% to $43.05 billion.Ethereum (ETH-USD), the second-largest digital asset by market value, fell 3% to $2,125.XRP (XRP-USD) dropped 2.3%, BNB (BNB-USD) lost 1.8%, and Solana (SOL-USD) shed 2.1%. Dogecoin (DOGE-USD) dipped 5.6%, and Cardano (ADA-USD) was down 1.8%.The US 10-year Treasury yield stood at 4.621% at 3 p.m. ET Monday, up from 4.594% Friday, while the five-year yield rose to 4.280% from 4.256%.The total market value of the cryptocurrency industry fell 2% in the past 24 hours to $2.55 trillion, with trading volume declining 2% to $155.38 billion.Price: $76867.27, Change: $-547.64, Percent Change: -0.71%