BREA - GME and Others Continue to Roar

2024-05-14 12:29:19 ET

DENVER, Colo., May 14, 2024 ( 247marketnews.com )- Siyata Mobile Inc. (Nasdaq: SYTA ), Brera Holdings (NASDAQ: BREA ) , GameStop Corp. (NYSE: GME ), Novavax Inc. (NASDAQ: NVAX ) and AMC Entertainment Holdings, Inc. (NYSE: AMC )

Siyata Mobile Inc. (Nasdaq: SYTA ) followed yesterday’s SD7 Handset added to FirstNet’s ‘Free Feature Phone for Life’ promotion news, by announcing that it received over $2.2 million in aggregate new orders for its SD7 handsets and related accessories, and

Marc Seelenfreund, Siyata’s CEO, stated, “Our SD7 Handset is the only direct radio replacement device offered by wireless carriers, and based on our strengthening position in this channel, we are experiencing growing demand for the devices. We have recently booked orders valued at over $2.2 million in the aggregate for end customers in multiple verticals including schools, first responders, security, construction, and more. Adoption of our critical communication devices is expanding both in the U.S. and in international markets reinforcing our optimism for strong sales growth in 2024.”

Concerning the FirstNet development, Seelenfreund commented, “FirstNet has been an early adopter of our SD7 handsets and an important supporter of our efforts to increase distribution of our products. We first launched our SD7 handset for use on FirstNet in 2022 and since that time, first responders have experienced the benefits of our ruggedized devices and the FirstNet network. We are pleased that our devices are being included in this promotion.”

Matt Walsh, assistant vice president, product management and development, FirstNet Program at AT&T (NYSE: T ) , added “FirstNet Ready devices and modules go through extensive review, so first responders can be confident that the SD7 handset meets our highest standards for reliability, security and performance. The more tools public safety has access to on their network, the more we can help them achieve their mission.”

Brera Holdings (NASDAQ: BREA ) expanded its women’s sports footprint, but the European press and Italian fan sites have been more interested in its plans to purchase an Italian professional football (soccer) team.

Professional sports is now one of the best investments, across all classes, to the point that Goldman Sachs (NYSE: GS ) formed its Sports Franchise in Investment Banking division , in September 2023, to provide its wealthy clients access to investments in sports teams, leagues, and stadiums, as sports franchise values are projected to continue to surge, and JPMorgan Chase (NYSE: JPM ) created a new “Sports Investment Banking Coverage” team, in a move that allows the bank to tap an increasingly profitable industry.

Brera’s recent appointment of Maria Xing, as its new Head of Investments and Corporate Development, is an aggressive move, as Xing is an MCO football group investment specialist, who already closed multiple high profile topflight professional football club deals in Brazil, Italy, France, Germany, Belgium, and Australia.

“We could not be more thrilled to welcome Maria. Her extensive experience, unique skillsets, and industry passion are topnotch, so we’re excited to add another all-star to our standout team of experts and professionals. We continue to strive for excellence in the office and on the pitch, as we look to increase the size of our MCO family, with Maria and our upcoming acquisitions. We hope to lean on her prior acquisition experience to bring several new clubs into Brera’s fold,” commented Brera Holdings CEO, Pierre Galoppi.

“I admire Brera’s dedication to growing a world-class multi-club ownership group, rooted in social impact values, and am thrilled to join the Brera team. I share their vision and strongly believe that we can potentially unlock shareholder value on some near-term opportunities. I look forward to being part of an exciting project at such a pivotal time,” stated Xing.

The announcement seems to indicate that a big deal, or deals, are imminent and should make headlines around the world, just as US interest in football is expected to increase, with the US hosting the 2024 Copa America, the 2025 FIFA Club World Cup, and the 2026 FIFA World Cup, which some experts project will “explode” the sport’s popularity and even has Newsday asking if US viewership of the 2026 World Cup could exceed the Super Bowl .

After GameStop Corp. (NYSE: GME ) traded as high as $80 in this morning’s premarket, it opened at a new 52-week high of $ 64.83. Additionally, the 20-day simple moving average crossed the 200-day SMA.

GameStop last published a Company announcement on March 26, when it reported its fourth quarter and full year 2023 financial results, including net sales of $5.273 billion for fiscal year 2023, compared to $5.927 billion for fiscal year 2022.

Net income for fiscal year 2023 was $6.7 million, compared to a net loss of $313.1 million for the prior fiscal year, while adjusted EBITDA of $64.7 million for fiscal year 2023, compared to adjusted EBITDA of ($192.7) million for fiscal year 2022.

Novavax Inc. (NASDAQ: NVAX ) also hit a new 52-week high, $15.00, following last week’s announcement that it entered an agreement that will provide individuals with broader access to a protein-based non-mRNA adjuvanted COVID-19 vaccine, starting in 2025, that provides Novavax with cash and an equity investment totaling approximately $1.2 billion, plus tiered royalties.

AMC Entertainment Holdings, Inc. (NYSE: AMC ) sold 72.5 million shares, yesterday, to raise $250 million of “new equity capital”, according to an SEC filing , and complete an equity offering that was initially filed on March 28.

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