XTI Aerospace Inc. XTIA shares are trading higher Tuesday after the company announced its 2025 strategic initiatives aimed at strengthening its leadership in the VTOL (Vertical Take-Off and Landing) and powered-lift aircraft markets.

What To Know: XTI Aerospace revealed plans for a 1-for-250 reverse stock split, which is set to take effect on Jan. 10, 2025. The reverse split, approved by shareholders during XTI’s 2024 Annual Meeting on Dec. 27, 2024, will consolidate every 250 shares of common stock into a single share. The stock will trade under the adjusted CUSIP number 98423K405.

Fractional shares resulting from the split will be rounded up to the nearest whole share and authorized shares and par value per share will remain unchanged. This consolidation is intended to boost XTI’s stock price to meet Nasdaq’s minimum bid price requirement and position the company for long-term growth.

Chairman and CEO Scott Pomeroy described the share consolidation as a necessary step to support the company’s broader initiatives and capitalize on the FAA’s recognition of the powered-lift category. He emphasized that this development marks a transformative era for the aviation industry, with XTI aiming to solidify its role as a leader in VTOL and powered-lift innovation.

XTI also highlighted its progress in 2024, including improvements to its balance sheet and capital structure. The company stated these changes have created a more stable financial platform to pursue strategic acquisitions, raise additional capital and expand its technological and market footprint.

The company reiterated its focus on the TriFan 600, its flagship product and its plans to leverage growth opportunities within the powered-lift market. XTI stated that it is building a comprehensive foundation to accelerate its development efforts and establish itself as a global leader in aviation.

XTIA Price Action: XTI Aerospace shares closed Tuesday up 29.66% at 11 cents, according to Benzinga Pro.

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Photo Credits: Courtesy of XTI Aerospace, Inc.

Peter Lynch, legendary investor and former manager of Fidelity’s Magellan Fund, continues to inspire investors with his timeless principles.

What Happened: Lynch, who achieved a remarkable 29% compound annual return during the 1980s, shared key investment lessons in a 1997 speech that remain relevant today. His insights are a roadmap for navigating market fluctuations and identifying opportunities.

Lynch has emphasized that stock prices can defy expectations. Stocks can always go higher, he explained, particularly if the fundamentals of the underlying business are solid.

He warned against selling a rising stock purely because it seems overvalued, though he acknowledged the risks of inflated valuations. Short-term market sentiment, not fundamentals, often drives price movements.

“If a stock goes higher, especially if it’s a high-flying stock without the earnings to back it up, investors may think it couldn’t possibly go higher. If the fundamentals of the business are great, with sales and profits expanding, then the stock could still continue to rise higher, as the market’s short-term movements are often driven by sentiment, not reality,” Lynch said.

“The fact that a stock has gone higher is not a reason to sell in and of itself, though don’t forget that overvalued stocks are risky,” he further added.

Also Read: Investment Guru Peter Lynch: ‘If You Can’t Explain To An 11-Year-Old In 2 Minutes Or Less Why You Own The Stock, You Shouldn’t Own It’

Another critical point Lynch made is that a stock price decline doesn’t necessarily mean the investor was wrong. Short-term volatility doesn’t dictate the validity of a well-researched investment decision.

Lynch noted, “The average movement of a stock on the New York Stock Exchange this century has been 50% between its high and low.” Even strong stocks can experience significant temporary declines.

“The short-term movements of a stock price don’t determine whether you are right or wrong. Investing success cannot be determined by the initial outcome alone,” he added.

Lynch also reminded investors of the inherent risk in stock investing. He dispelled the myth that cheap stocks are inherently safer, pointing out that the potential loss is the same regardless of the stock’s initial price if it collapses entirely.

“Many people often forget that when investing, you can always lose what you have invested, even if a stock is cheap,” he said.

Lynch highlighted the importance of thorough research. He said that the person who turns over the most rocks wins, encouraging investors to scrutinize a broad range of companies to uncover mispriced opportunities.

If you look at 10 companies you will find one which is mispriced. If you look at 20 you will find two. The person who turns over the most rocks wins,” Lynch added.

Why It Matters: These principles, rooted in decades of experience, provide valuable guidance for investors navigating today’s dynamic markets.

By focusing on fundamentals, avoiding emotional decisions, and committing to rigorous analysis, Lynch’s approach underscores the keys to long-term success.

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Investment Guru Peter Lynch: ‘Often Great Investments Are The Ones Where Everyone Else Will Think You Are Crazy’

This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Siyata Mobile Inc. SYTA shares are trading higher on Friday, possibly following the company’s announcement of a 1-for-10 reverse stock split on Tuesday.

What To Know: The move is aimed at maintaining compliance with Nasdaq’s $1 minimum bid price requirement. The reverse stock split will be effective on Dec. 27, 2024, with trading on a post-split basis commencing the same day under the ticker symbol “SYTA.”

The reverse stock split consolidates every 10 existing shares into one new share. Outstanding stock options, warrants and other convertible securities will also be adjusted to reflect the new ratio. No fractional shares will be issued, with fractions rounded up to the nearest whole number.

Siyata, a global provider of Push-to-Talk over Cellular devices and cellular signal boosters, clarified that the split does not affect the par value or authorized number of shares. The transfer agent, Computershare, will handle the exchange process for registered shareholders. Those holding shares electronically or through brokers will have their positions adjusted automatically.

Despite the stock price jump, the company warned there is no guarantee it will maintain compliance with the minimum bid price requirement after the split.

SYTA Price Action: Siyata Mobile shares were up 23.62% at $6.43 at publication Friday, according to Benzinga Pro.

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Photo: Shutterstock

Peter Lynch, a renowned investor and former fund manager of the Magellan Fund at Fidelity Investments, achieved a legendary compound annual return of 29% during the 1980s.

What Happened: In a 1997 speech, Lynch shared key principles from his 25-year career that guided his success. He emphasized that these principles were timeless, applicable then, now, and for decades to come. Below are three of his essential investing lessons.

Lynch advises against bias towards specific stocks or industries. He emphasizes that great investment opportunities can be found in unexpected places, including companies facing bankruptcy or skepticism.

“There are great stocks everywhere, even those in bankruptcy or close to it. Often times great investments are the ones where everyone else will think you are crazy,” Lynch said during his speech.

Also Read: Investment Guru Peter Lynch: ‘If You Can’t Explain To An 11-Year-Old In 2 Minutes Or Less Why You Own The Stock, You Shouldn’t Own It’

Lynch recommends documenting the reasons for purchasing a stock. If those reasons no longer apply due to changes in the company’s story, it may be time to sell. “When the story changes, the investment thesis changes,” he asserts.

A critical point Lynch underscores is that a stock dropping significantly doesn’t mean it won’t fall further. “Stocks can always go lower,” he warns, citing the example of Polaroid, which plummeted from $140 to $18 over nine months. He also cautions against assuming stocks will rebound solely because they’ve declined.

“Stocks also don’t have to bounce back just because they went down,” he added.

Why It Matters: These principles highlight Lynch’s disciplined and thoughtful approach to investing, which continues to inspire investors today.

Lynch’s principles offer timeless guidance for investors at all levels, from beginners to seasoned professionals. His focus on deeply understanding the business, prioritizing individual stock analysis, and exercising patience mirrors the strategies of legendary investors like Warren Buffett.

These insights serve as a powerful reminder that true success in investing comes not from chasing short-term gains but from making well-informed decisions and committing to a long-term

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Stock Market Predictions for 2025: A Mixed Bag Of Expectations

Netflix Inc. NFLX has witnessed its stock price soar beyond $900, sparking speculation about a potential stock split. This surge aligns with a broader market rally, particularly in Big Tech, driven by advancements in AI software and chips.

What Happened: Netflix’s shares have increased more than fivefold since hitting a low in 2022. The S&P 500 has risen 70% since the bear market bottomed in October 2022. Companies like Nvidia Corp. NVDA and Deckers Outdoor Corp. DECK have already executed stock splits this year, Barron’s reported on Friday.

Ken Mahoney of Mahoney Asset Management commented, “Once stocks are worth way into the high hundreds of dollars per share range, a lot of people get in their mind that a stock split could be coming.”

“It wouldn’t surprise us if Netflix followed suit within the next few announcing earnings.”

A stock split can attract more investors by making shares more affordable, potentially boosting market value.

Netflix has yet to respond to Benzinga’s queries.

See Also: Cathie Wood’s Ark Invest Trims Tesla Exposure Amid Searing Rally, Sells $21.8M Worth Of Stock — Bets On This AI Medical Company

Netflix’s growth, particularly outside the U.S., and increased profit margins have contributed to its rising stock price. Analysts anticipate further revenue growth through higher international subscription prices and advertising. However, Netflix’s high valuation could deter some investors if earnings expectations are not met.

Why It Matters: The recent surge in Netflix’s stock price is not an isolated event. Jim Cramer recently expressed strong buying conviction for Netflix as its shares traded near $934. This comes amid broader tech market strength and a recommendation from JPMorgan analyst Doug Anmuth, who raised his price target on Netflix to $1,010 from $850. Anmuth cited robust subscriber growth and expanding ad revenue as key factors.

Netflix’s recent milestone, the Jake Paul vs. Mike Tyson boxing match, became the most-streamed sporting event ever, with 60 million households watching live. This achievement underscores the platform’s growing influence in the streaming industry and its ability to attract a massive audience.

Price Action: According to Benzinga Pro, Netflix was trading slightly higher at $204.60 on Friday during pre-market hours after previously closing at $203.68.

Meanwhile, as per the three most-recent analyst ratings, released by JP Morgan, Citigroup, and Canaccord Genuity the average price target of Netflix is $956.67, with an implied 3.48% upside for the company.

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Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.

Image via Pixabay

HONG KONG, Dec. 12, 2024 /PRNewswire/ — MMTEC, Inc. (“MMTEC” or the “Company”) MTC reported that it expects to implement a 1-for-8 reverse stock split on its common stock. The effective date is scheduled to be December 18, 2024, subject to the Company’s satisfaction of Nasdaq Operations notice requirements, with trading to begin on a split-adjusted basis at the market open on that day. Trading in the common stock will continue on the Nasdaq Stock Market under the symbol “MTC”. The new CUSIP number for the common stock following the reverse stock split will be G6181K122. In the event that the effective date is delayed, the Company will update the effective date via a subsequent press release.

The reverse stock split at a ratio of 1-for-8 shares was approved by the Company’s Board of Directors.

Upon the effectiveness of the reverse stock split, every 8 shares of the Company’s issued and outstanding common stock will automatically be converted into one share of issued and outstanding common stock. No fractional shares will be issued as a result of the reverse stock split. Instead, any fractional shares that would have resulted from the split will be rounded up to the next whole number. The reverse stock split affects all stockholders uniformly and will not alter any stockholder’s percentage interest in the Company’s outstanding common stock, except for adjustments that may result from the treatment of fractional shares.

In connection with the reverse stock split, the Company filed a Second Amended and Restated Memorandum of Association with the Registry of Corporate Affairs of the British Virgin Islands to reduce the authorized number of shares of the Company’s common stock from 5,000,000,000 shares to 625,000,000 shares, the reduction at the same ratio as its reduction in the issued and outstanding shares of common stock, and to increase the par value per share from $0.01 to $0.08. The Board of Directors of the Company approved the reverse stock split on November 21, 2024. No stockholders’ approval of the reverse stock split is required pursuant to BVI law.

About MMTEC, Inc.

Headquartered in Hong Kong Special Administrative Region, our Company mainly focuses on investment banking and asset management business, providing customers with one-stop and all-round financial services.

More information about the Company can be found at: www.haisc.com. 

Forward-Looking Statements

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may”, “will”, “intend”, “should”, “believe”, “expect”, “anticipate”, “project”, “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Specifically, the Company’s statements regarding its ability to regain compliance with the Bid Price Rule, its continued growth, its business outlook, and other similar statements are forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company’s goals and strategies; the Company’s future business development; product and service demand and acceptance; changes in technology; economic conditions; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in China and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the Securities and Exchange Commission, including the Company’s most recently filed Annual Report on Form 20-F and its subsequent filings. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

View original content:https://www.prnewswire.com/news-releases/mmtec-inc-announces-1-for-8-reverse-stock-split-302330177.html

SOURCE MMTEC, Inc.

Mainz Biomed N.V. MYNZ announced a 1-for-40 reverse stock split, effective Dec. 3. The company specializes in the early detection of cancer.

Last month, Mainz Biomed reported a collaborative agreement with Thermo Fisher Scientific Inc. TMO through its subsidiary Life Technologies Corporation.

The collaboration agreement will enable Mainz Biomed and Thermo Fisher to jointly develop and potentially commercialize Mainz Biomed’s Next Generation colorectal cancer screening product.

The collaboration will harness Thermo Fisher’s technologies, instrumentation and information translation systems to enable Mainz Biomed to develop proprietary assays for its mRNA-based next-generation colorectal cancer screening tests.

Mainz Biomed’s flagship non-invasive test targets the early detection of colorectal cancer and focuses on precancerous lesions, particularly advanced adenomas.

The collaboration will leverage combined capabilities to deliver testing solutions being developed at Mainz Biomed’s laboratories in Mainz, Germany.

Guido Baechler, CEO of Mainz Biomed, said: “This collaboration with Thermo Fisher will be instrumental to our goal to bring to market a home collection colorectal screening tool with highly effective detection of adenomas.”

In October, Mainz Biomed reported a 4% increase in revenue and a 32% decrease in operational losses for the first half of 2024. These decreases result from the company’s efforts to reduce costs during the first half of the year.

The company announced significant improvements to its ColoAlert product, which is available across Europe and in select international markets.

The company says that the new proprietary buffer used in ColoAlert significantly reduces the necessity for additional sample submissions, thereby decreasing how long it takes patients to obtain their results.

This enhancement enabled ColoAlert to achieve the industry’s lowest retesting rates, ensuring that screening outcomes are delivered within two to three days of arrival at the laboratory.

Price Action: MYNZ stock is down 13.09% at $6.93 at publication Tuesday.

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Photo: Shutterstock