Latest News & Developments
Renergen reports a 22% increase in LNG production and the successful export of its first helium shipment, while navigating legal challenges and preparing for a Nasdaq IPO.
Index is in correction territory with AI darlings sinking
The ultimate extent of the effects of these developments remain highly uncertain, and such effects could exist for an extended period of time, it said.
Renergen, the owner of South Africa’s only onshore helium and liquid natural gas (LNG) project and which plans a Nasdaq listing this year, said last week that its helium system integration was nearly complete.
Nasdaq-listed Powerfleet, a provider in the Artificial Intelligence of Things (AIoT) Software-as-a-Service (SaaS) sector yesterday attained a secondary listing on the JSE as its merger with MiX Telematics nears completion.
Renergen, owner and operator of South Africa’s first liquid natural gas and helium onshore production project, saw its share price fall over 5% yesterday following the announcement on Friday that its CEO is moving temporarily to the US to oversee the Nasdaq IPO.
Nasdaq-listed internet-of-things services company Powerfleet Inc aims to attain a secondary listing on the JSE in terms of a proposed share-swop merger scheme with JSE-listed MiX Telematics.
Taylor Maritime Investments is taking over the shipping firm.
Avi Lasarow had every reason to celebrate recently as Prenetics International Limited, in partnership with Artisans Acquisitions, became Hong Kong’s first “Unicorn” to list on the NASDAQ under the ticker PRE.
Tech stock share prices, prized as investments through the pandemic and earlier, have fallen dramatically over the last eight months with the Nasdaq down almost 27 percent year to date.
In the US, the tech-heavy Nasdaq index closed higher on Wednesday as investors switched back to technology stocks and away from economically sensitive sectors.