Kubient Inc [KBNT] - Last Close: $1.20
Kubient Inc is rallying on news of a key regulatory decision.
The cloud-based software company announced today that the US Patent and Trademark Office issued a notice of allowance for its Kubient Artificial Intelligence technology to ID and prevent ad fraud.
Depending on the date of issuance of the patent, Kubient will have added intellectual property protection through 2039.
Kubient says it expects the technology to be the "centerpiece" of the company's M&A strategy as it continues its push to explore strategic alternatives, according to CEO Paul Roberts.
News of the patent pushed KBNT to a 23.3% gain in today's premarket.
My Take: The patent is good news for KBNT. It sounds like this tech is going to be an integral part of their business going forward. It also sounds like buyout news could be on the horizon, so keep an eye on it.
SciSparc Ltd [SPRC] - Last Close: $0.7789
SciSparc is taking off on acquisition news.
The clinical-stage pharma firm just announced that it has agreed to acquire Amazon Seller Wellution from Merhavit M.R.M Holding and Management Ltd for $20 million.
Wellution sells dozens of hemp-based products on Amazon and offers eight variations of natural hemp candy supplements under two parent Amazon Standard ID Numbers.
In total, the brand has 40,000+ reviews on Amazon and most are 4 or 5 stars.
The terms of the deal are complicated, but SPRC will pay roughly $20 million to complete the deal.
News of the acquisition is lifting SPRC to a 56.6% gain on active volume.
My Take: This acquisition could be a big boon for SPRC, but it's a little unclear what it will all add up to for the firm. Either way, SPRC is seeing big gains, but this rally seems a little overdone. Make sure you don't get caught on the wrong side of this one.
