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February 9, 2021 04:51 PM ET (BZ Newswire) -- News From Co. Filing: 

'Additionally, U.S. Antimony is pleased to announce that it has signed a non-binding letter of interest regarding the potential supply of antimony with AMBRI, a company that utilizes antimony in its novel off-grid storage batteries.'

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Archer announced Wednesday a merger agreement with special purpose acquisition company Atlas Crest Investment Corp. (ACIC) that will take the urban air mobility (UAM) company public. Shares of Atlas Crest Investment rocketed 37% in premarket trading. The deal, which has an equity value of the deal is $3.8 billion, is expected to close in the second quarter of 2021, will provide about $1.1 billion in gross proceeds to the combined company. Archer is developing the an all-electric vertical takeoff and landing aircraft, that is capable of transporting people up to 60 miles at 150 miles per hour. Separately, United Airlines Holdings Inc. (UAL) announced Wednesday that it completed an agreement to work with Archer as part of the airline's effort to invest in technologies that decarbonize air travel. Archer said United has placed an order for $1 billion of Archer's aircraft, with an option for an additional $500 million order. The stock, which went public on Dec. 18, has advanced 11.7% year to date through Tuesday, while the Renaissance IPO ETF (IPO) has rallied 16.0% and the S&P 500 has gained 4.1%.

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February 9, 2021 10:57 PM ET (BZ Newswire) -- Penny Stocks

Globalstar Inc (NYSE:GSAT) soared 84% in regular and after-hours trading today.

What Happened: The share rallied after the Covington, Louisiana-based satellite solutions company said that Qualcomm Inc (NASDAQ:QCOM) will add the former’s Band n53 in its new flagship X65 modem.

The 5G modem’s support of Band n53 will expand the number and type of devices on Globalstar’s spectrum.

“Qualcomm's support of Band n53 represents a significant milestone in our efforts to commercialize our spectrum in the US and all other countries where we have or expect to obtain terrestrial authority,” said Kyle Pickens, vice president of strategy at Globalstar. 

Why It Matters: On Jan. 20, Globalstar’s shares had risen nearly 49% after its wholly-owned subsidiary SPOT LLC announced a monthly subscription box service Battlebox.

The company also announced a partnership with Nokia Oyj (NYSE:NOK) in January, which involved the deployment of Globalstar’s Band 53 spectrum at the Port of Seattle. 

Price Action: Globalstar shares closed 69.11% higher at $2.08 on Tuesday and rose 14.9% to $2.39 in the after-hours session.

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