November 11, 2024
 
 

Small Stocks, Big Money™

Weekly Newsletter
REDCHIP.COM
 
 
BioVie’s Upcoming Parkinson’s Disease Clinical Trial is Fully Funded
 
BioVie (Nasdaq: BIVI) announced that its upcoming Phase 2 trial for bezisterim in early Parkinson’s disease is fully funded, thanks to successful secondary offerings raising more than $15 million. Bezisterim, the company’s lead asset, targets inflammation and insulin resistance, demonstrating promising results in prior studies for both Parkinson’s and Alzheimer’s diseases. The trial will begin in early 2025, with topline results anticipated by year-end. The funding also supports BioVie’s strategic pipeline, including a Department of Defense-funded Long COVID trial set for early 2025 and a Phase 3 Alzheimer’s trial later that year.
 
 
 
 
 
 
 
 
Alta Global and UFC Gym Debut Warrior Training Program in California
 
Alta Global Group (NYSE American: MMA) launched its 20-week Warrior Training Program at UFC Gym locations in Costa Mesa and Huntington Beach, California, marking the start of a global rollout to over 150 gyms. This partnership is expected to generate over $7 million annually in potential gross revenue for Alta. Plans include expanding the program to 15 additional U.S. locations by mid-2025 and reaching international markets in the Middle East, UK, and beyond. UFC Gym will also leverage Alta’s mobile marketing platform, Hype, to boost member engagement across its extensive network.
 
 
 
 
 
 
 
bioAffinity Technologies Appoints New Chief Science Officer to Spearhead Product Development
 
bioAffinity Technologies, Inc. (Nasdaq: BIAF) appointed Dr. William Bauta as Chief Science Officer, succeeding Dr. Vivienne Rebel, who retired after leading the development of CyPath® Lung. Dr. Bauta, a seasoned innovator with a history at Genzyme and Ilex, has been with bioAffinity since 2016 and holds numerous patents, including key advancements in the company’s flagship diagnostic test for early-stage lung cancer. Under Dr. Bauta’s leadership, bioAffinity aims to accelerate the commercial rollout of CyPath® Lung, which boasts 92% sensitivity and 87% specificity, while expanding its pipeline of noninvasive diagnostics.
 
 
 
 
 
 
 
 
 
 
Soligenix Reports Recent Accomplishments and Q3 2024 Financial Results
 
Soligenix (Nasdaq: SNGX) reported Q3 2024 financial results and recent operational highlights. Recent accomplishments include securing U.S. and European patents for synthetic hypericin production and partnering with Sterling Pharma Solutions to scale manufacturing. The company reported a net loss of $1.7 million for the quarter, with $9.8 million in cash as of September 30, 2024, positioning it to advance its pipeline while exploring strategic partnerships. Major upcoming milestones include plans to launch a confirmatory Phase 3 trial for HyBryte™ in cutaneous T-cell lymphoma (CTCL) and a Phase 2 study for SGX945 in Behçet's Disease by year-end. Top-line results from the Behçet's trial and ongoing SGX302 psoriasis study are expected in the first half of 2025.
 
 
 
 
 
 
 
ASP Isotopes Closes $18.6 Million Public Offering, Underwriter Option Fully Exercised
 
ASP Isotopes Inc. (NASDAQ: ASPI) successfully closed its public offering of 2,754,250 shares of common stock, raising gross proceeds of $18.6 million. The offering included the full exercise of the underwriter's option to purchase an additional 359,250 shares at $6.75 per share. Canaccord Genuity acted as the sole bookrunner, with Cantor Fitzgerald as financial advisor. Funds will support ASP Isotopes’ mission to develop advanced materials and isotope enrichment technologies, including applications in healthcare, technology, and nuclear energy.
 
 
 
 
 
 
 
Recent Research Coverage Updates
 
Company Rating Price Target Firm Report Date
ASP Isotopes (Nasdaq: ASPI) Buy $4.50 Cannacord Genuity October 4, 2024
LOBO EV (Nasdaq: LOBO) Buy $5 Zacks Small-Cap Research May 15, 2024
GreenPower Motor (Nasdaq: GP) Buy $1.65 Roth August 15, 2024
Enlivex Therapeutics (Nasdaq: ENLV) Buy $13 EF Hutton August 27, 2024
GreenPower Motor (Nasdaq: GP) Buy $3 RF Lafferty September 11, 2024
GreenPower Motor (Nasdaq: GP) Buy $5 Maxim July 2, 2024
GreenPower Motor (Nasdaq: GP) Hold n/a BTIG July 1, 2024
GreenPower Motor (Nasdaq: GP) Buy $3 Roth April 1, 2024
BioVie (Nasdaq: BIVI) Buy $3 ThinkEquity July 1, 2024
Calidi Biotherapeutics (NYSE American: CLDI) Buy $1 Ladenburg Thalman June 27, 2024
Calidi Biotherapeutics (NYSE American: CLDI) Buy $1 Rodman & Renshaw June 27, 2024
Calidi Biotherapeutics (NYSE American: CLDI) Buy $2 RW Baird May 14, 2024
Unusual Machines (NYSE American: UMAC) Buy n/a ThinkEquity June 17, 2024
Soligenix (Nasdaq: SNGX) n/a $4.15 Zacks Research June 14, 2024
Enlivex Therapeutics (Nasdaq: ENLV) Buy $6 HC Wainwright June 11, 2024
Sixty Degrees Pharma (Nasdaq: SXTP) Hold n/a HC Wainwright June 6, 2024
Sixty Degrees Pharma (Nasdaq: SXTP) Buy n/a Ascendiant May 21, 2024
American Resources (Nasdaq: AREC) Buy n/a HC Wainwright June 3, 2024
 
 
 
 
Small Stocks, Big Money™ Podcast
 
The podcast features in-depth interviews with CEO’s from the top names in small-cap stocks, providing listeners with a unique perspective not found anywhere else.
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Upcoming Events
 
 
11
 
 
Nov 2024
 
NASDAQ: IINN - Inspira Technologies
4:15pm Eastern
 
Inspira™ Technologies is an innovative medical technology company in the life support and respiratory treatment arena.
 
 
 
 
 
 
 
12
 
 
Nov 2024
 
NYSE: MUSQ - MUSQ Global Music Industry ETF
4:15pm Eastern
 
The MUSQ Global Music Industry ETF (NYSE: MUSQ) aims to invest in the most attractive segments of the global music industry.
 
 
 
 
 
 
 
13
 
 
Nov 2024
 
NASDAQ: ASPI - ASP Isotopes
04:15pm Eastern
 
ASP Isotopes Inc is a pre-commercial stage advanced materials company dedicated to the development of technology and processes that, if successful, will allow for the production of isotopes that may be used in several industries.
 
 
 
 
 
 
 
14
 
 
Nov 2024
 
NYSE American: MMA - Alta Global Group Limited
04:15pm Eastern
 
Alta Global Group Limited is a technology company that is seeking to increase consumer participation in martial arts and combat sports whilst building upon existing community offerings within the sector.
 
 
 
 
 
 
 
Archived Events
 
 
7
 
 
Nov 2024
 
NASDAQ: BIVI - BioVie Inc.
4:15pm Eastern
 
BioVie Inc. (NASDAQ: BIVI) is a clinical-stage company developing what it believes will be transformative therapies to overcome unmet medical needs in neurodegeneration and liver disease.
 
 
 
 
 
 
 
6
 
 
Nov 2024
 
NASDAQ: BFRG - BullFrog AI
4:15pm Eastern
 
BullFrog AI is a technology enabled drug development company using machine learning to usher in a new era of precision medicine.
 
 
 
 
 
 
 
5
 
 
Nov 2024
 
NASDAQ: NXL - Nexalin Technology
4:15pm Eastern
 
Nexalin designs and develops innovative neurostimulation products to uniquely help combat the ongoing global mental health epidemic.
 
 
 
 
 
 
Quote of the Week
 
"If you want to invest in the microcap space buy companies not stocks, if you buy stocks, the daily fluctuations and lack of liquidity will drive you crazy."
— Byron Roth, ROTH Capital
 
 
RedChip TV
 
 
 
 
RedChip TV Highlights Alta Global Group (NASDAQ: MMA) & Interview With the UFC Gym CEO)
 
 
 
 
 
 
 
Order "Small Stocks, Big Money™ Today!
 
Dave Gentry's new book, Small Stocks, Big Money: Interviews With Microcap Superstars, is now available for pre-order. Published by Wiley Finance, this first-hand perspective and insider information on the fast world of microcap investing is now available for purchase.
 
 
 
 
 
 
 
Lesson of the Week
 
Management is the first fundamental to consider when evaluating smaller-cap companies.
 
 
 
 
 
 
 
MidSouth Week in Review
 
Dow, Nasdaq and S&P all made new high post the elections. Russell 2000 had the best week up 8.7%.