Markets

Draganfly Inc. announced the partial exercise of the over-allotment option from its recent US$3.6 million public offering. Maxim Group LLC purchased an additional 100,000 common shares at US$2.09 per share, generating US$209,000. Proceeds will fund operations, growth initiatives, product development, and potential strategic acquisitions. The offering was executed under a prior shelf registration, with securities sold exclusively in the U.S.

Donald Trump and Elon Musk’s relationship has soured, with Trump saying he isn’t speaking to Musk. Their public disagreements have sparked speculation about repercussions, and Trump is reportedly considering selling his Tesla. While House Speaker Mike Johnson hopes for reconciliation, Trump’s former advisor Peter Navarro downplayed the conflict, and the feud casts a shadow on the future of Tesla and SpaceX.

PENN Entertainment and HG Vora are aligned on director nominees, Johnny Hartnett and Carlos Ruisanchez, for the upcoming 2025 Annual Meeting. Following an ISS report, PENN urges shareholders to vote for these candidates, who they feel are best positioned to execute the company’s strategic plan. PENN also expressed concerns regarding William Clifford’s candidacy and highlighted issues with HG Vora’s institutional waivers.

Shoal Point Energy (SHP) clarifies its operational costs, exceeding $100,000 annually for CSE listing, including legal, accounting, and auditing expenses. The company faces potential regulatory actions, including a Cease Trade Order and delisting, if it fails to comply. Simultaneously, Shoal Point is engaged in a $483 million lawsuit against the Newfoundland government over alleged expropriation of oil and gas assets.

PKS Investments, a Binah Capital Group company, is a finalist in two categories for the 2025 Wealth Management Industry Awards (“The Wealthies”). PKS is recognized for its Transition Support/Transition Services and CEO Katherine Flouton is a finalist for Chief Executive of the Year. This highlights PKS’s expertise in supporting advisors and leadership within the wealth management sector, showcasing Binah Capital’s commitment to empowering independent financial advisors. Winners will be announced September 4th in NYC.

Mathematics professor Wei Dongyi, known as “Wei God,” experienced a meteoric rise on Douyin, China’s TikTok. In just 11 hours after his debut, he gained over 9 million followers, nearing 10 million. His simple introduction video sparked significant engagement, particularly during the Chinese National College Entrance Examination. While impressive, his growth, though rapid, still trails some top Douyin stars.

Elon Musk and Donald Trump are embroiled in a public feud, fueled by policy disagreements, ego, and potential betrayal. The spat revolves around the “Great and Beautiful Act,” which impacts renewable energy incentives, clashing with Musk’s business interests. Accusations, veiled threats, and personal attacks dominate this unfolding drama, raising questions about the future of their relationship and political landscapes.

360’s founder, Zhou Hongyi, is dismantling the marketing department to test the capabilities of his nano-AI super search agent. He aims to launch a product single-handedly within five days using AI to automate marketing tasks and save significant costs. The agent, powered by Chinese large language models, promises efficiency across various scenarios. Success will lead to a shift in the company’s resource allocation towards AI development and national security, demonstrating AI’s transformative potential.

Venus Concept is raising capital through a registered direct offering. The company aims to raise $1.15 million initially by selling common stock at $2.65 per share, with an additional $2.3 million possible through warrants. The offering, which is expected to close around June 9, 2025, will provide funds for general corporate purposes. Venus Concept, a medical aesthetic technology provider in over 60 countries, offers a range of devices and is driven by investors in the healthcare industry.

Bai Xiang, the instant noodle maker, is discontinuing its “More Than Half” and “More Than Half Again” product lines due to consumer criticism regarding misleading portion claims. The branding suggested significant increases in noodle quantity, while the actual increase was relatively minor. In response to negative feedback, Bai Xiang will rebrand the products with explicit gram weight classifications, reflecting a shift towards greater transparency.