Today’s pre-market activity highlights significant developments from a range of innovative companies, driving early market attention. Stocks making notable moves include Peraso Inc., Tevogen Bio, ZenaTech, CCSC Technology, and Cardiol Therapeutics, each drawing investor interest with critical announcements and high trading volumes.
Peraso Inc. (NASDAQ: PRSO) announced securing a $1.4 million follow-on order from a South African wireless Internet service provider, further showcasing the demand for its mmWave technology in high-density urban markets. This order follows a previous production shipment earlier in the year and solidifies Peraso’s standing in the wireless connectivity sector.
Tevogen Bio (Nasdaq: TVGN) reported that its artificial intelligence division, Tevogen AI, has joined Microsoft's Startups program, accelerating its drug development initiatives by leveraging Microsoft’s AI capabilities. This partnership marks a key milestone in the company’s mission to expedite drug discovery and reduce costs.
ZenaTech, Inc. (Nasdaq: ZENA) revealed that its subsidiary, ZenaDrone, has acquired a U.S. Design Patent for its second-generation ZenaDrone 1000, significantly enhancing flight times and increasing payload capacity to 80 lbs. This development marks a crucial step forward in ZenaTech’s AI-driven drone technology.
CCSC Technology (NASDAQ: CCTG) saw speculative premarket trading today despite the absence of news, with the company’s diverse portfolio of OEM and ODM interconnect products for industries like automotive, robotics, and telecommunications making it a frequent target for market speculation.
Cardiol Therapeutics (NASDAQ: CRDL) announced plans to advance its CardiolRx™ therapy into the MAVERIC-2 late-stage clinical trial, which will evaluate its effectiveness in treating recurrent pericarditis. The trial is expected to begin in Q4, running alongside the company's upcoming Phase III study across the U.S. and Europe.
As these companies drive innovation in technology, biotechnology, and wireless communication, premarket trading is buzzing with activity. Investors will be closely watching the unfolding developments to gauge their potential market impacts throughout the day.
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