WiSA Technologies, Inc. (Nasdaq: WISA) has announced the signing of a non-binding letter of intent to acquire Comhear, Inc., a leading developer of AI-enabled adaptive audio technology. This strategic move is expected to be accretive, with positive impacts beginning in Q4 2023. 

WiSA Technologies is guiding for full-year 2024 revenue in the range of $10 million to $15 million as a result of this acquisition. Brett Moyer, CEO of WiSA, expressed optimism about the addition of Comhear, highlighting the revenue growth potential it brings. 

$WISA is currently trading at $2.30, reflecting a significant increase of $0.72 or 46.04%.

Oramed Pharmaceuticals Inc. (Nasdaq: ORMP) has announced that its strategic partner, Hefei Tianhui Biotechnology Co. Ltd. (HTIT), has successfully completed Phase 3 trials of oral insulin for type 2 diabetes in China. The trials were conducted under a differentiated study protocol. HTIT has now submitted the data to the National Medical Products Administration (NMPA) for regulatory approval. 

$ORMP is trading at $3.77, experiencing an increase of $0.94 or 33.53%.

Applied Digital Corporation (Nasdaq: APLD) has introduced its Artificial Intelligence (AI) Cloud services, delivering high-performance computing power tailored for AI applications. The services, offered through its subsidiary Sai Computing, are designed to support various AI-intensive tasks, including large language model training and graphics rendering. This expansion of capabilities allows Applied Digital to cater to the growing demand for AI solutions. The AI Cloud services will be marketed under the brand Sai Computing. 

Following the announcement, $APLD is trading at $3.29, up $0.41 or 14.40%

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