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Metalpha Technology Azioni (NASDAQ: MATH)

Ultime notizie per Metalpha Technology (NASDAQ:MATH) Azioni

Metalpha Technology

Metalpha Technology Holding Ltd is a digital asset focused wealth management company. The company predominantly generates revenue from the execution of cryptocurrency-related transactions, which includes the issuance of derivative products to over-the-counter (OTC) clients and its proprietary trading activities. It has partnered with a crypto exchange to provide crypto derivative market-making services for its clients, facilitating the trading of crypto derivative products. In addition, the company also engages in providing traditional financial derivative products, and asset management services. It operates in a single segment which is the trading of proprietary digital assets and derivative contracts, and derives a majority of its revenue from Hong Kong.

Metalpha Technology Holding Limited - Ordinary Shares

Metalpha Technology Holding Ltd

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Shares of companies within the broader financial sector are trading lower amid economic worries driven by tariffs and trade policies. Investors may be expecting a decline in investment and consumer spending, which may also be weighing on the industry.

Metalpha Technology shares are trading higher after company reported a year-over-year increase in Half-Year FY25 revenue results. The company also announced a $5 million buyback program

Earnings

News

Metalpha Technology Half-Year FY25 Revenue $19.720M Up From $5.085M YoY

Buybacks

Metalpha Announces $5M Buyback Program

Metalpha Technology Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MATH#NASDAQ">MATH</a>) is pleased to announce that its wholly owned subsidiary, Metalpha Limited, has partnered with Gewan Holding and Zodia Markets to establish ZMG7 LLC, a joint venture aimed at driving the growth of the digital asset market in the Middle East. This milestone partnership marks a significant step in the company's global expansion strategy and strengthens the UAE's position as a key hub for digital asset management.
Abu Dhabi-based Gewan Holding, renowned for its diverse portfolio of strategic investments across various industry sectors, has long been a driver of innovation in the UAE capital's financial sector, and beyond.
Zodia Markets is a subsidiary of Standard Chartered, a UK bank with a presence largely in emerging markets, such as Asia, Africa and the Middle East. Standard Chartered launched Zodia Markets in 2021 alongside OSL, in a move that highlighted the Bank's desire to be leaders in the development of global digital-asset infrastructure.

Global

Metalpha, Gewan, Zodia Form Digital Asset JV Named ZMG7, LLC. To Boost Middle Eastern Market; UAE Strengthened As Key Hub

Management

Reported Thursday, Metalpha Technology Appoints Pengyuan Fan As Chief Financial Officer, Effective November 28

Metalpha Says It Regained Compliance With Nasdaq's Periodic Filing Requirement

Metalpha Technology Holding Limited (NASDAQ:<a href="https://www.benzinga.com/stock/MATH#NASDAQ">MATH</a>) (the "Company" or "Metalpha"), a global digital asset-focused wealth management company, today announced it, through its subsidiary, has adopted the Antalpha BTC Mining Index for its BTC mining stocks fund. The index was recently launched by Antalpha and FTSE Russell.
Metalpha's Bitcoin mining stock fund is managed by a wholly-owned subsidiary of the Company, LSQ Capital Limited. The fund uses the Antalpha BTC Mining Index as the benchmark to invest in publicly listed Bitcoin mining companies.
Antalpha is the world's leading Bitcoin ecosystem service provider for institutional partners. As a strategic partner of Bitmain, Antalpha is trusted by institutions, startups, and qualified investors to drive innovation in blockchain technology and applications. It has become a leading company in the global blockchain financial services ecosystem.
The Antalpha BTC Mining Index selects the top ten publicly traded US Bitcoin mining companies and tracks their respective performance. The Antalpha BTC Mining Index will offer mainstream financial investors a reliable channel to gain crypto exposure. The index will be rebalanced every six months to reflect the market conditions.
Metalpha is one of the largest crypto derivatives traders in Asia and is dedicated to providing tailor made wealth management and hedging solutions to financial institutions including family offices, investment funds, crypto mining companies, etc. Metalpha previously launched a fund to invest in GBTC, which has seen large gains since launch, with its net asset value increased to 269.84%, outperforming Bitcoin by about 39% from $27,265 to $62,867.

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

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Reported Earlier, Metalpha Technology Adopts Antalpha BTC Mining Index for New Bitcoin Mining Fund

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Shares of companies within the broader financial sector are trading lower amid overall market sentiment as investors evaluate NVIDIA ahead of its earnings report and SMCI Form 10-K delay.

Metalpha Technology Fiscal 2023 EPS $(0.44) Vs. $(0.62) YoY; Income From Wealth Management Business $5.69M Vs. $0.12M YoY

Metalpha Technology Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MATH#NASDAQ">MATH</a>) (the &quot;Company&quot; or &quot;Metalpha&quot;), a global digital asset-based wealth management company, today announced that on&nbsp;August 17, 2023&nbsp;it has received a written notice from The Nasdaq Stock Market LLC (the &quot;Nasdaq&quot;) which states that, as a result of not having timely filed its annual report on Form 20-F for the fiscal year ended&nbsp;March 31, 2023&nbsp;(the &quot;2023 Form 20-F&quot;), Metalpha is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of periodic reports with the Securities and Exchange Commission (the &quot;SEC&quot;). This notice has no immediate effect on the listing or trading of Metalpha&#39;s ordinary shares on the Nasdaq Capital Market.

Metalpha Receives Notification of Deficiency from Nasdaq, Relating to Delayed Filing of Annual Report

<h3>Gainers</h3>
<ul>
<li>Mobilicom Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mob#NASDAQ">MOB</a>) shares jumped 81.3% to $2.7187 after the company announced it received a commercial scale purchase order from Teledyne-FLIR for the production of drones for the U.S. Department of Defense.</li>
<li>Nanobiotix S.A. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nbtx#NASDAQ">NBTX</a>) shares jumped 45.5% to $7.32 after the company entered into a license agreement with Janssen Pharmaceutical for global co-development and commercialization of NBTXR3.</li>
<li>T2 Biosystems, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ttoo#NASDAQ">TTOO</a>) shares rose 36% to $0.1565 after gaining over 38% on Friday.</li>
<li>Jupiter Wellness, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jupw#NASDAQ">JUPW</a>) gained 34.8% to $0.4934 after the company announced it has executed an Asset Purchase Agreement with GBB Drink Lab to acquire all operating assets including the &quot;Safety Shot&quot; rapid alcohol detox drink.</li>
<li>NanoString Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nstg#NASDAQ">NSTG</a>) shares gained 32.4% to $4.90 after the company said it expects second-quarter revenue to be over $44 million, above the upper end of its guidance range and the $41 million consensus estimate. The company also reiterated FY23 revenue guidance above the consensus estimate.</li>
<li>Gorilla Technology Group Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/grrr#NASDAQ">GRRR</a>) gained 30.8% to $6.15. Gorilla Technology shares jumped 125% on Friday after the company signed a $270 million contract with the Government of Egypt to implement a Smart Government Security Convergence solution.</li>
<li>Shineco, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sisi#NASDAQ">SISI</a>) gained 28.5% to $0.4165 after the company announced its subsidiary received marketing and distribution approval for its Cardiac 5-Minute Test from the Jiangsu Bureau of China&#39;s National Medical Products Administration.</li>
<li>Alpine 4 Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/alpp#NASDAQ">ALPP</a>) shares rose 22% to $2.05 after the company said its subsidiary, Vayu Aerospace Corporation, received its first $5.25m purchase order from its $100 million supply agreement with U.S. Government contractor, All American Contracting, Inc.</li>
<li>Novavax, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvax#NASDAQ">NVAX</a>) gained 21.2% to $8.77. The European Commission recently approved Novavax&rsquo;s Nuvaxovid (NVX-CoV2373), following a positive opinion for a full authorization from the Committee for Medicinal Products for Human Use of the European Medicines Agency.</li>
<li>Marker Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mrkr#NASDAQ">MRKR</a>) rose 19.8% to $5.20 after the company announced the European Medicines Agency granted MT-401 an Orphan Drug Designation.</li>
<li>NeuroOne Medical Technologies Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nmtc#NASDAQ">NMTC</a>) gained 19% to $1.44.</li>
<li>Icahn Enterprises L.P. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/iep#NASDAQ">IEP</a>) gained 17.8% to $34.02 after Carl Icahn amended loan agreements, disconnecting his personal loans from the share price, increasing his collateral and establishing a plan to repay the loans within three years. This was an issue raised in Hindenburg Research&#39;s short report on the stock issued in May.</li>
<li>Iovance Biotherapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/iova#NASDAQ">IOVA</a>) gained 17.5% to $8.51 after the company announced regulatory, clinical updates for TIL therapy in advanced non-small cell lung cancer.</li>
<li>SOS Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sos#NYSE">SOS</a>) gained 17.4% to $5.31.</li>
<li>Aravive, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/arav#NASDAQ">ARAV</a>) climbed 17.4% to $1.55. Cantor Fitzgerald reiterated Aravive with an Overweight and maintained $18 price target.</li>
<li>Advent Technologies Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/adn#NASDAQ">ADN</a>) gained 17.4% to $0.7399.</li>
<li>Corvus Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/crvs#NASDAQ">CRVS</a>) jumped 17% to $3.03.</li>
<li>Stronghold Digital Mining, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sdig#NASDAQ">SDIG</a>) gained 16.1% to $8.16.</li>
<li>Helen of Troy Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hele#NASDAQ">HELE</a>) rose 15.7% to $130.26 after the company reported better-than-expected first-quarter financial results and issued guidance.</li>
<li>TMC the metals company Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tmc#NASDAQ">TMC</a>) jumped 15.3% to $2.9150 after ThinkEquity initiated coverage on the stock with a Buy rating and announced a $6 price target.</li>
<li>fuboTV Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fubo#NYSE">FUBO</a>) gained 14.2% to $2.48.</li>
<li>Groupon, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/grpn#NASDAQ">GRPN</a>) jumped 13.8% to $6.95.</li>
<li>Siyata Mobile Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/syta#NASDAQ">SYTA</a>) shares climbed 12.9% to $0.07 after gaining around 12% on Friday.</li>
<li>Lyft, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lyft#NASDAQ">LYFT</a>) rose 11.2% to $11.26.</li>
<li>Black Diamond Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bdtx#NASDAQ">BDTX</a>) shares gained 7.6% to $4.7450. Black Diamond Therapeutics Director Rajeev Shah purchased 935,850 shares at an average price of $5.00 per share.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>Tivic Health Systems, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tivc#NASDAQ">TIVC</a>) shares fell 41.4% to $0.0650 after the company priced public offering of 32.5 million shares at $0.055 per share.</li>
<li>Neonode Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/neon#NASDAQ">NEON</a>) fell 33.8% to $4.85 after dropping over 8% on Friday.</li>
<li>ProMIS Neurosciences, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pmn#NASDAQ">PMN</a>) shares dropped 19.7% to $2.81. The company announced plans to voluntarily delist from the Toronto Stock Exchange.</li>
<li>Xcel Brands, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/xelb#NASDAQ">XELB</a>) dipped 19.4% to $1.16.</li>
<li>Nocera, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ncra#NASDAQ">NCRA</a>) dropped 18.4% to $1.6480.</li>
<li>Presto Automation Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/prst#NASDAQ">PRST</a>) fell 18.1% to $3.49. Rajat Suri, 10% owner at Presto Automation, reported a large insider sell on July 6.</li>
<li>Tattooed Chef, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ttcf#NASDAQ">TTCF</a>) fell 16.4% to $0.2175.</li>
<li>Trinity Place Holdings Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tphs#NYSE">TPHS</a>) dropped 14.4% to $0.5481.</li>
<li>The Aaron&#39;s Company, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aan#NYSE">AAN</a>) fell 12.2% to $13.41 after Loop Capital downgraded the stock from Buy to Hold.</li>
<li>FOXO Technologies Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/foxo#NYSE">FOXO</a>) dropped 12.2% to $0.18.</li>
<li>Metalpha Technology Holding Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/math#NASDAQ">MATH</a>) declined 11.8% to $1.27.</li>
<li>Shengfeng Development Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sfwl#NASDAQ">SFWL</a>) fell 11.3% to $8.97.</li>
<li>FMC Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fmc#NYSE">FMC</a>) dropped 11.3% to $92.42 after the company issued weak revenue guidance.</li>
<li>Biodexa Pharmaceuticals Plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bdrx#NASDAQ">BDRX</a>) fell 10.5% to $3.8899. Biodexa Ltd, subsidiary of Biodexa Pharmaceuticals, has completed the enrolment and treatment of nine pediatric patients in the ongoing Phase 1 study of MTX-110 in newly diagnosed diffuse midline gliomas.</li>
<li>SunCar Technology Group Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sda#NASDAQ">SDA</a>) dropped 9.8% to $20.05.</li>
<li>MyMD Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mymd#NASDAQ">MYMD</a>) declined 9.7% to $1.0470.</li>
<li>VOXX International Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/voxx#NASDAQ">VOXX</a>) fell 8.8% to $11.53.</li>
<li>22nd Century Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/xxii#NASDAQ">XXII</a>) fell 8.5% to $2.45.</li>
<li>Femasys Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/femy#NASDAQ">FEMY</a>) fell 7% to $0.4785.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/23/07/33163474/this-analyst-with-83-accuracy-rate-sees-around-7-upside-in-alphabet-here-are-5-stock-picks-for-last"> This Analyst With 83% Accuracy Rate Sees Around 7% Upside In Alphabet - Here Are 5 Stock Picks For Last Week From Wall Street&#39;s Most Accurate Analysts</a>

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Why Icahn Enterprises Shares Are Trading Higher By 18%? Here Are Other Stocks Moving In Monday's Mid-Day Session

The most overbought stocks in the financial sector presents an opportunity to go short on these overvalued companies.
The RSI is a momentum indicator, which compares a stock&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi"> RSI is above 70.</a>
Here&rsquo;s the latest list of major overbought players in this sector.
<h3>Forge Global Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/frge#NYSE">FRGE</a>)</h3>
<ul>
<li>Forge Global Holdings said it has been added as a member of the U.S. Small-Cap Russell 2000&reg; Index. The company&rsquo;s stock has a <a href="https://www.benzinga.com/quote/FRGE">52-week high of $9.40. </a>.</li>
<li>RSI Value: 73.42</li>
<li>FRGE Price Action: Shares of Forge Global rose 2.1% to close at $2.50 on Thursday.</li>
</ul>
<h3>Metalpha Technology Holding Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/math#NASDAQ">MATH</a>)</h3>
<ul>
<li>Metalpha, during April, said it has regained compliance with Nasdaq&#39;s minimum bid price requirement. The company&rsquo;s <a href="https://www.benzinga.com/quote/MATH"> stock has a 52-week high </a> of $1.42.</li>
<li>RSI Value: 80.19</li>
<li>MATH Price Action: Shares of Metalpha Technology gained 7.6% to close at $1.41 on Thursday.</li>
</ul>
<h3>Investors Title Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/itic#NASDAQ">ITIC</a>)</h3>
<ul>
<li>Investors Title Company reported first-quarter net income of $1.2 million, or 62 cents per diluted share. Chairman J. Allen Fine commented, &ldquo;The title insurance industry continued to experience economic headwinds in the first quarter. While mortgage rates declined slightly from the prior quarter, the overall higher level continued to negatively impact home sales and commercial real estate activity.&rdquo; The company has a <a href="https://www.benzinga.com/quote/ITIC"> 52-week high </a> of $168.98.</li>
<li>RSI Value: 73.28</li>
<li>ITIC Price Action: Shares of Investors Title Company rose 1.7% to close at $150.01 on Thursday.</li>
</ul>
<h3>Hywin Holdings Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hyw#NASDAQ">HYW</a>)</h3>
<ul>
<li>Hywin Holding reported a decline in H1 EPS. Ms. Wang Dian, Chief Executive Officer and Director of Hywin, commented, &ldquo;We are encouraged by Hywin Wealth&rsquo;s solid performance and strong financial and operational results in the first half of fiscal year 2023, which demonstrated its resilience in the face of macro uncertainties and softening capital markets, as well as COVID-19-related challenges in China through the end of 2022.&rdquo; The company&rsquo;s 52-week high is $7.80.</li>
<li>RSI Value: 73.97</li>
<li>HYW Price Action: Shares of Hywin Holdings rose 1% to close at $7.18 on Thursday.</li>
</ul>
<h3>Coinbase Global, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/coin#NASDAQ">COIN</a>)</h3>
<ul>
<li>Piper Sandler downgraded the stock from Overweight to Neutral and lowered its price target from $65 to $60. The company <a href="https://www.benzinga.com/quote/COIN"> has a 52-week high </a> of $116.30.</li>
<li>RSI Value: 72.14</li>
<li>COIN Price Action: Shares of Coinbase fell 0.3% to settle at $78.10 on Thursday.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/trading-ideas/long-ideas/23/07/33132019/40m-bet-on-moonlake-immunotherapeutics-check-out-these-3-stocks-insiders-are-buying"> $40M Bet On MoonLake Immunotherapeutics? Check Out These 3 Stocks Insiders Are Buying </a>

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Top 5 Financial Stocks That Are Ticking Portfolio Bombs

<h3>Gainers</h3>
<ul>
<li>Marpai (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRAI#NASDAQ">MRAI</a>) shares increased by 16.7% to $1.0 during Thursday's pre-market session. The market value of their outstanding shares is at $21.4 million. </li>
<li>Dunxin Financial Hldgs (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/DXF#AMEX">DXF</a>) shares rose 8.71% to $0.11. The market value of their outstanding shares is at $2.3 million. </li>
<li>USCB Financial Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/USCB#NASDAQ">USCB</a>) stock increased by 6.1% to $10.25. The company's market cap stands at $201.1 million. </li>
<li>Lion Group Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGHL#NASDAQ">LGHL</a>) shares increased by 5.49% to $0.24. The market value of their outstanding shares is at $13.2 million. </li>
<li>MoneyLion (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ML#NYSE">ML</a>) shares increased by 5.23% to $0.47. The company's market cap stands at $123.7 million. </li>
<li>Metalpha Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MATH#NASDAQ">MATH</a>) shares moved upwards by 5.0% to $1.0. The company's market cap stands at $30.9 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Heritage Insurance Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRTG#NYSE">HRTG</a>) stock decreased by 33.6% to $1.98 during Thursday's pre-market session. The company's market cap stands at $50.6 million. </li>
<li>AMTD IDEA Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMTD#NYSE">AMTD</a>) stock fell 4.22% to $1.59. The market value of their outstanding shares is at $300.1 million. </li>
<li>Progressive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) shares declined by 4.21% to $141.91. The market value of their outstanding shares is at $83.0 billion. </li>
<li>PennyMac Mortgage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PMT#NYSE">PMT</a>) shares declined by 3.23% to $12.0. The company's market cap stands at $1.0 billion. 
See Also: <a href="http://www.benzinga.com/money/best-financial-services-stocks/" title="www.benzinga.com/money/best-financial-services-stocks/">www.benzinga.com/money/best-financial-services-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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10 Financials Stocks Moving In Thursday's Pre-Market Session

Metalpha Technology Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MATH#NASDAQ">MATH</a>) (the &quot;Company&quot; or &quot;Metalpha&quot;), a global&nbsp;crypto-based wealth management company, announced that on&nbsp;March 31, 2023&nbsp;it received a written notice from The Nasdaq Stock Market LLC (the &quot;Nasdaq&quot;) which states the Company has regained compliance with the minimum bid price requirement set forth under the Nasdaq Listing Rule 5550(a)(2) (the &quot;Minimum Bid Price Requirement&quot;) and currently meets all other applicable criteria for continued listing.
As previously announced, the Company received a written notification on&nbsp;September 21, 2022&nbsp;from the Nasdaq Listing Qualifications Department that the Company was not in compliance with the Minimum Bid Price Requirement as the closing bid price of the Company&#39;s ordinary shares, par value&nbsp;US$0.0001&nbsp;per share (the &quot;Ordinary Shares&quot;), was below&nbsp;$1.00&nbsp;per share for a period of 30 consecutive business days.
In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company was provided 180 calendar days, or until March 20, 2023, to regain compliance with the Minimum Bid Price Requirement. To regain compliance, the Company&#39;s Ordinary Shares must have a closing bid price of at least&nbsp;$1.00&nbsp;per share for a minimum of 10 consecutive business days.
Per the notice the Company received from Nasdaq on&nbsp;March 31, 2023, the Company regained compliance with the Minimum Bid Price Requirement when the closing bid price of the Company&#39;s Ordinary Shares maintained&nbsp;$1.00&nbsp;per share or greater for 19 consecutive business days and the matter is now closed.

Reported Late Monday April 3, Metalpha Has Regained Compliance With Nasdaq's Minimum Bid Price Requirement

Metalpha Technology Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MATH#NASDAQ">MATH</a>) (the &quot;Company&quot; or &quot;Metalpha&quot;), a digital assets service provider, today announced its preliminary unaudited financial results for the six-month period ended&nbsp;September 30, 2022&nbsp;(the&nbsp;&quot;1H 2023&quot;).
In 1H 2023, the Company&#39;s revenue from fair value change of proprietary trading digital assets (Trading Revenue）grew by more than&nbsp;3,000%&nbsp;against the six-month period ended&nbsp;March 31, 2022&nbsp;(&quot;2H 2022&quot;), rising from just over&nbsp;$122,000&nbsp;in 2H 2022 to approximately&nbsp;$3.9 million&nbsp;in 1H 2023. The Company has also seen substantial growth of over&nbsp;300%&nbsp;in its aggregate notional amount of derivative products issuance from about&nbsp;$48.9 million&nbsp;in 2H 2022 to about&nbsp;$198 million&nbsp;in 1H 2023, showing robust demand from Metalpha&#39;s global customer base, which includes&nbsp;crypto&nbsp;and blockchain mining companies, institutional investors and family offices. Trading revenue and derivative product issuance are key metrics Metalpha analyzes in evaluating its business scale and success.

Reported Late Thursday March 2, Metalpha Reports Preliminary First Half Period Ended September 30,2022 (1H 2023) Unaudited Results; Revenue Of $3.9M

Metalpha Technology Plans Repurchase Of Up To $5M Of Its Shares Over Next 12 Months

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Shares of several companies in the broader financial services sector are trading lower for the session as higher rates dampen market sentiment and as investors digest recent earnings reports.

<h3>Gainers</h3>
<ul>
<li>Arbe Robotics Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/arbe#NASDAQ">ARBE</a>) gained 62.8% to $7.08. Arbe Robotics is expected to report its financial results for the fourth quarter on Thursday, March 2, 2023.</li>
<li>Ambrx Biopharma Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/amam#NYSE">AMAM</a>) surged 59% to $5.17. Ambrx Biopharma recently announced initial data from its ongoing Phase 1 APEX-01 trial of ARX517, Ambrx&#39;s proprietary anti-PSMA ADC, in prostate cancer patients.</li>
<li>Harbor Custom Development, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hcdi#NASDAQ">HCDI</a>) shares jumped 50.3% to $0.5260 after the company said it has contracted to sell mills Crossing townhomes for $14.25 million.</li>
<li>Mobilicom Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mob#NASDAQ">MOB</a>) shares gained 37.4% to $2.1307 after the company announced it has entered a strategic partnership with Mistral, a prime contractor for the US Department of Defense.</li>
<li>Sorrento Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/srne#NASDAQ">SRNE</a>) jumped 33% to $0.4151.</li>
<li>LanzaTech Global, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lnza#NASDAQ">LNZA</a>) gained 27.7% to $5.30.</li>
<li>Atlas Lithium Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/atlx#NASDAQ">ATLX</a>) rose 25.4% to $9.05.</li>
<li>Chemomab Therapeutics Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cmmb#NASDAQ">CMMB</a>) jumped 25% to $2.45 after the company announced FDA clearance of its Investigational New Drug Application to evaluate CM-101 in a Phase 2 trial in adults with systemic sclerosis.</li>
<li>Zedge, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/zdge#NYSE">ZDGE</a>) rose 21.1% to $3.27. Zedge, during December, posted a Q1 loss of $0.01 per share.</li>
<li>Troika Media Group Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/trka#NASDAQ">TRKA</a>) shares rose 20.6% to $0.2655 after dropping 4% on Friday.</li>
<li>Helix Energy Solutions Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hlx#NYSE">HLX</a>) surged 17.7% to $8.98 after the company posted a profit for the fourth quarter.</li>
<li>Titan Medical Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tmdi#NASDAQ">TMDI</a>) gained 16% to $0.2212.</li>
<li>Siyata Mobile Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/syta#NASDAQ">SYTA</a>) rose 14% to $0.1733. Siyata received $750,000 order for its next generation push-to-talk over cellular solution.</li>
<li>Travere Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tvtx#NASDAQ">TVTX</a>) jumped 13.6% to $20.24. The FDA granted accelerated approval to Travere Therapeutics&rsquo; Filspari (sparsentan) to reduce proteinuria in adults with primary IgAN at risk of rapid disease progression.</li>
<li>Sigma Lithium Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sgml#NASDAQ">SGML</a>) gained 13.1% to $33.34 following reports that Tesla is considering a bid for the battery metals mining company.</li>
<li>Dingdong (Cayman) Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ddl#NYSE">DDL</a>) gained 12.2% to $5.07.</li>
<li>The Manitowoc Company, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mtw#NYSE">MTW</a>) jumped 11.8% to $16.06 after reporting Q4 results.</li>
<li>Apellis Pharmaceuticals Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/apls#NASDAQ">APLS</a>) shares rose 11.4% to $61.96 after the company said that the FDA approved SYFOVRE as first and only treatment for geographic atrophy.</li>
<li>Meihua International Medical Technologies Co., Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mhua#NASDAQ">MHUA</a>) gained 10.2% to $28.67.</li>
<li>Vir Biotechnology, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vir#NASDAQ">VIR</a>) gained 9.8% to $28.27 after Goldman Sachs upgraded the stock from Neutral to Buy and raised its price target from $41 to $53.</li>
<li>Owlet Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/owlt#NYSE">OWLT</a>) rose 8.9% to $0.3711 after reporting a $30 million private placement financing.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>Aileron Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/alrn#NASDAQ">ALRN</a>) shares fell 43.5% to $1.3450 after the company announced termination of Phase 1b breast cancer chemoprotection trial and exploration of strategic alternatives.</li>
<li>CVRx, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cvrx#NASDAQ">CVRX</a>) fell 42.6% to $9.87 after the company reported preliminary results of the BeAT-HF post-market randomized clinical trial.</li>
<li>OKYO Pharma Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/okyo#NASDAQ">OKYO</a>) fell 26.5% to $2.7501 after surging 58% on Friday. OKYO Pharma, during December, announced U.S. FDA clearance of IND application for OK-101 for the treatment of dry eye disease.</li>
<li>Akanda Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/akan#NASDAQ">AKAN</a>) fell 21% to $0.2350.</li>
<li>Metalpha Technology Holding Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/math#NASDAQ">MATH</a>) dropped 21% to $0.7828.</li>
<li>eFFECTOR Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eftr#NASDAQ">EFTR</a>) dipped 20.7% to $0.50 after the company announced top-line results from its Phase 1b clinical trial of zotatifin for COVID-19 infection.</li>
<li>Unique Fabricating, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ufab#NASDAQ">UFAB</a>) fell 20% to $0.5115.</li>
<li>Donnelley Financial Solutions, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dfin#NYSE">DFIN</a>) declined 17.5% to $40.89 following downbeat Q4 results.</li>
<li>BioCryst Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bcrx#NASDAQ">BCRX</a>) fell 15.6% to $8.61 after the company reported worse-than-expected Q4 EPS results.</li>
<li>TH International Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/thch#NASDAQ">THCH</a>) dropped 15% to $5.67. TH International recently entered into a transaction for the exclusive development of Popeyes in mainland China and Macau.</li>
<li>Dana Incorporated (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dan#NYSE">DAN</a>) declined 14.7% to $16.07. Dana reported fourth-quarter FY22 sales growth of 12.4% year-on-year to $2.56 billion.</li>
<li>Lanvin Group Holdings Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lanv#NYSE">LANV</a>) fell 13.6% to $6.52.</li>
<li>Trinity Industries, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/trn#NYSE">TRN</a>) dropped 13.4% to $24.56 following weak quarterly results.</li>
<li>Reata Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/reta#NASDAQ">RETA</a>) fell 13.3% to $42.33.</li>
<li>SciSparc Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sprc#NASDAQ">SPRC</a>) fell 13% to $0.87. SciSparc shares gained around 10% on Friday after the company announced its MitoCareX Bio joint venture achieved its first milestone pursuant to the March 10, 2022 Founders and Investment Agreement.</li>
<li>Photronics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/plab#NASDAQ">PLAB</a>) dropped 11.8% to $15.89 following Q1 results.</li>
<li>NexImmune, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nexi#NASDAQ">NEXI</a>) shares fell 11.4% to $0.5227. NexImmune recently announced data showing AIM ACT T cells enhance the response to bispecific T cell engager therapy at the 2023 Tandem Meetings: Transplantation &amp; Cellular Therapy Meetings of ASTCT and CIBMTR.</li>
<li>Snail, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/snal#NASDAQ">SNAL</a>) fell 10.8% to $1.80.</li>
<li>JD.com, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jd#NASDAQ">JD</a>) fell 9.6% to $47.96 following a media report that the company is planning a $1.5 billion subsidy campaign to compete against rivals.</li>
<li>EnPro Industries, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/npo#NYSE">NPO</a>) dipped 9.5% to $108.30 following Q4 results.</li>
<li>Fastly, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fsly#NYSE">FSLY</a>) fell 9.3% to $14.42. Citigroup maintained Fastly with a Sell and raised the price target from $7 to $8.</li>
<li>Sonic Automotive, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sah#NYSE">SAH</a>) dropped 9.1% to $54.56. JP Morgan downgraded Sonic Automotive from Overweight to Neutral and lowered the price target from $60 to $55.</li>
<li>Elanco Animal Health Incorporated (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/elan#NYSE">ELAN</a>) fell 8.6% to $12.00. Elanco Animal Health reported a Q4 FY22 revenue of $988 million.</li>
<li>Vinco Ventures, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bbig#NASDAQ">BBIG</a>) shares dropped 8.1% to $0.5295. VVIP Ventures recently entered into an Asset Purchase Agreement with magazine publisher a360 Media to acquire the National Enquirer, the National Examiner and Globe. VVIP Ventures is a joint venture between Vinco Ventures and ICON Publishing, LLC.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/23/02/30959765/top-5-tech-and-telecom-stocks-that-are-set-to-fly-this-month"> Top 5 Tech And Telecom Stocks That Are Set To Fly This Month </a>

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Why CVRx Shares Are Trading Lower By 43%? Here Are Other Stocks Moving In Tuesday's Mid-Day Session

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Metalpha Receives Notification of Deficiency from The Nasdaq Stock Market LLC

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