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HOUSTON, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Intuitive Machines, Inc. (Nasdaq: LUNR, LUNRW) (“Intuitive Machines” or the “Company”), a leading space exploration, infrastructure, and services company, announced today that it has commenced an underwritten public offering of $65.0 million of shares of its Class A common stock (“Class A Common Stock”) (the “Offering”). The Company and a selling stockholder intend to grant the underwriters a 30-day option to purchase up to an additional $8,872,500 and $877,500 of shares of Class A Common Stock from the Company and such selling stockholder, respectively. The Offering is subject to market and other conditions, and there can be no assurance as to whether or when the Offering may be completed, or as to the actual size or terms of the Offering. Additionally, on December 2, 2024, the Company entered into an agreement with Boryung Corporation (together with its affiliates, “Boryung”), an accredited investor, pursuant to which the Company will sell to Boryung $10.0 million of shares of Class A Common Stock in a concurrent private placement (the “Private Placement”) at a purchase price per share equal to the public offering price per share in the Offering. The offer and sale of the Company’s Class A Common Stock pursuant to the Private Placement will be made in reliance upon the exemption from registration under the Securities Act of 1933, as amended, (the “Securities Act”) provided by Section 4(a)(2) thereunder. The Private Placement is contingent upon the consummation of the Offering and the satisfaction of certain other customary closing conditions. The consummation of the Offering is not contingent on the consummation of the Private Placement. The Company intends to use the net proceeds it receives from the Offering and the Private Placement, together with its existing cash, cash equivalents and short-term investment balance, to acquire an equivalent number of newly-issued common units of Intuitive Machines, LLC (“Intuitive Machines OpCo”) from Intuitive Machines OpCo, which Intuitive Machines OpCo will in turn use for general corporate purposes, including operations, research and development and potential mergers and acquisitions. In the event the underwriters exercise their option to purchase additional shares, the Company will not receive any of the proceeds from the sale of any shares of Class A Common Stock being sold by the selling stockholder. Intuitive Machines will bear the costs associated with the sale of such shares, other than the underwriting discounts and commissions payable by the selling stockholder. BofA Securities, Cantor, Barclays and Stifel are acting as the lead joint book-running managers for the Offering. Roth Capital Partners is acting as a book-running manager for the Offering. The offer and sale of the securities pursuant to the Offering is being made pursuant to an effective shelf registration statement that was filed with the Securities and Exchange Commission (the “SEC”) and became effective on April 3, 2024. The Offering will be made only by means of a prospectus supplement and accompanying prospectus forming part of the effective registration statement relating to these securities. A copy of the prospectus supplement and the accompanying prospectus relating to these securities may be obtained, when available, from the website of the SEC at www.sec.gov . Alternatively, copies of the prospectus supplement and accompanying prospectus may be obtained, when available, from BofA Securities, NC1-022-02-25, 201 North Tryon Street, Charlotte, NC 28255-0001, Attention: Prospectus Department, or by email at dg.prospectus_requests@bofa.com ; Cantor, 110 East 59th St., 6th Floor, New York, NY 10022, Attention: Capital Markets, or by email at prospectus@cantor.com ; Barclays, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at (888) 603-5847 or by email at barclaysprospectus@broadridge.com ; or Stifel, One Montgomery Street, Suite 3700, San Francisco, California 94104, Attention: Syndicate, by telephone at (415) 364-2720 or by email at syndprospectus@stifel.com . The securities to be offered and sold in the Private Placement have not been registered under the Securities Act or any state’s securities laws. Accordingly, the securities may not be offered or sold in the United States, except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act. The prospectus supplement and the accompanying prospectus related to the Offering are not an offer to sell or a solicitation of an offer to buy any securities in connection with the Private Placement. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Intuitive Machines Intuitive Machines is a diversified space exploration, infrastructure, and services company focused on fundamentally disrupting lunar access economics. In 2024, Intuitive Machines successfully landed the Company’s Nova-C class lunar lander, Odysseus, on the Moon, returning the United States to the lunar surface for the first time since 1972. The Company’s products and services are offered through its four in-space business units: Lunar Access Services, Orbital Services, Lunar Data Services, and Space Products and Infrastructure. For more information, please visit intuitivemachines.com . Forward-Looking Statements This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These statements that do not relate to matters of historical fact should be considered forward looking. These forward-looking statements generally are identified by words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “strive,” “would,” “strategy,” “outlook,” the negative of these words or other similar expressions, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include but are not limited to statements regarding: our anticipated use of net proceeds from the Offering and the Private Placement; the terms and size of the Offering and the timing and manner of the Offering; the satisfaction of closing conditions related to the Private Placement; our expectations and plans relating to our lunar missions, including the expected timing of launch and our progress and preparation thereof; our expectations with respect to, among other things, demand for our product portfolio, our submission of bids for contracts; our expectations regarding revenue for government contracts awarded to us; our operations, our financial performance and our industry; our business strategy, business plan, and plans to drive long-term sustainable shareholder value; and our expectations on revenue and cash generation. These forward-looking statements reflect the Company’s predictions, projections, or expectations based upon currently available information and data. Our actual results, performance or achievements may differ materially from those expressed or implied by the forward-looking statements, and you are cautioned not to place undue reliance on these forward-looking statements. The following important factors and uncertainties, among others, could cause actual outcomes or results to differ materially from those indicated by the forward-looking statements in this press release: our reliance upon the efforts of our key personnel and board of directors to be successful; our limited operating history; our failure to manage our growth effectively and failure to win new contracts; competition from existing or new companies; unsatisfactory safety performance of our spaceflight systems or security incidents at our facilities; failure of the market for commercial spaceflight to achieve the growth potential we expect; any delayed launches, launch failures, failure of our satellites or lunar landers to reach their planned orbital locations, significant increases in the costs related to launches of satellites and lunar landers, and insufficient capacity available from satellite and lunar lander launch providers; our customer concentration; our reliance on a single launch service provider; risks associated with commercial spaceflight, including any accident on launch or during the journey into space; risks associated with the handling, production and disposition of potentially explosive and ignitable energetic materials and other dangerous chemicals in our operations; our reliance on a limited number of suppliers for certain materials and supplied components; failure of our products to operate in the expected manner or defects in our sub-systems; counterparty risks on contracts entered into with our customers and failure of our prime contractors to maintain their relationships with their counterparties and fulfill their contractual obligations; failure to successfully defend protest from other bidders for government contracts; failure to comply with various laws and regulations relating to various aspects of our business and any changes in the funding levels of various governmental entities with which we do business; our failure to protect the confidentiality of our trade secrets, and unpatented know how; our failure to comply with the terms of third-party open source software our systems utilize; our ability to maintain an effective system of internal control over financial reporting, and to address and remediate material weaknesses in our internal control over financial reporting; the U.S. government’s budget deficit and the national debt, as well as any inability of the U.S. government to complete its budget process for any government fiscal year, and our dependence on U.S. government contracts and funding by the government for the government contracts; our failure to comply with U.S. export and import control laws and regulations and U.S. economic sanctions and trade control laws and regulations; uncertain global macro-economic and political conditions (including as a result of a failure to raise the “debt ceiling”) and rising inflation; our history of losses and failure to achieve profitability in the future or failure of our business to generate sufficient funds to continue operations; the cost and potential outcomes of potential future litigation; our public securities’ potential liquidity and trading; the sufficiency and anticipated use of our existing capital resources to fund our future operating expenses and capital expenditure requirements and needs for additional financing, including the Offering and the Private Placement; and other public filings and press releases other factors detailed under the section titled Part I, Item 1A. “Risk Factors” of our Annual Report on Form 10-K for the fiscal year ended December 31, 2023 filed with the SEC, the section titled Part I, Item 2. “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and the section titled Part II. Item 1A. “Risk Factors” in our most recently filed Quarterly Report on Form 10-Q, our Current Reports on Form 8-K and in our subsequent filings with the SEC, which are accessible on the SEC's website at www.sec.gov . These forward-looking statements are based on information available as of the date of this press release and current expectations, forecasts, and assumptions, and involve a number of judgments, risks, and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date, and we do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities laws. Contacts For investor inquiries: investors@intuitivemachines.com For media inquiries: press@intuitivemachines.com This press release was published by a CLEAR® Verified individual.Hexagon Composites ASA ( OTCMKTS:HXGCF – Get Free Report ) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totalling 17,600 shares, a growth of 5,766.7% from the November 30th total of 300 shares. Based on an average trading volume of 400 shares, the days-to-cover ratio is presently 44.0 days. Hexagon Composites ASA Stock Performance HXGCF opened at $3.95 on Friday. Hexagon Composites ASA has a 12 month low of $1.41 and a 12 month high of $4.36. The business’s 50-day moving average price is $4.07 and its 200-day moving average price is $4.00. About Hexagon Composites ASA ( Get Free Report ) Further Reading Receive News & Ratings for Hexagon Composites ASA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hexagon Composites ASA and related companies with MarketBeat.com's FREE daily email newsletter .lodigame 291 login registration 。

Two residents were rushed to a hospital after a house fire in Bay Shore on Saturday morning destroyed part of a home, according to authorities. The fire, which was reported around 8:11 a.m. on Santam Court, took about half an hour to extinguish, according to Kyle Voges, second assistant chief at the Bay Shore Fire Department. "It was an extensive fire on the side of the house when we arrived on scene, and we put three hose lines in operation and made an aggressive interior attack to put out the fire," Voges said. The two people were transported to South Shore University Hospital in Bay Shore for smoke inhalation, according to the Suffolk County Police Department. The two residents taken to the hospital were not rescued from the building, according to Voges. Because of the extensive damage to the house, it is probably not habitable, he said. The biggest news, politics and crime stories in Suffolk County, in your inbox every Friday at noon. By clicking Sign up, you agree to our privacy policy . Bay Shore, Islip, West Islip and Islip fire departments all responded to the fire, he said. The Suffolk County Fire Marshall's office and Suffolk police are investigating the cause of the fire, according to the police department.Improving the enunciation of speech-to-text technology in medical settings

What happens when a search for authenticity collides with ambition and deception? These universal themes take center stage in True Heiress vs. Fake Queen Bee , the drama series that has captured over 60 million views across social media. If you’ve been intrigued by the buzz, here’s a comprehensive explainer on this viral sensation. Synopsis True Heiress vs. Fake Queen Bee tells the story of Hailey Kaplan, a teenager born into immense wealth. Tired of being defined solely by her family’s fortune, Hailey decides to start anew at Western High, a public school, under a veil of anonymity. She hopes to forge genuine friendships and live the life of an ordinary teenager. However, her carefully crafted plan unravels when Candice Mathis, the daughter of the Kaplan family’s maid, enrolls at the same school and falsely claims to be the Kaplan heiress. Candice’s audacious deception earns her popularity and influence, while Hailey, trapped in her new identity, faces social rejection and bullying. The series unpacks their complex rivalry, with themes of self-discovery, power struggles, and the quest for authenticity driving the drama forward. READ MORE: ‘Squid Game’: Real-life violence that inspired South Korean show ‘Squid Game’ returns looking for win with season 2 ‘Sonic the Hedgehog 3’ beats ‘Mufasa: The Lion King’ at box office Why it’s gaining traction The series owes its massive popularity to its engaging storyline and the compelling performances of its lead actors. Maya Jenson, portraying Hailey, skillfully conveys the struggles of a young woman yearning for acceptance. Daniela Cuoso, as Candice, delivers a layered performance that brings depth to her character’s manipulative yet vulnerable nature. Adding to its appeal is ReelShort’s unique approach to content delivery. The platform caters to today’s fast-paced viewing habits with episodes tailored for quick consumption. The first nine episodes are free, while access to all 86 episodes would require a subscription. Social media frenzy The series has sparked a wave of reactions online, with fans eagerly dissecting every twist and turn. One viewer exclaimed, “I just watched all [episodes] of the Kaplan heiress and huhu, what is wrong with me? This is the best picture of 2024 if you ask me.” Another post, written in a mix of Cebuano and English, “Sa mga naputol ang kalagot sa mga kabuang ni Candice nga feeling Kaplan Heiress kay nasobraan sa iyang pamati bisag anak ra ni Dedruhh nga Mayordoma nila Hailey.” (To those whose anger were fueled by the shenanigans of Candice, feeling as if she was the Kaplan Heiress went overboard eventhough she was just the daughter of Dedruhh the mayor doma of the family of Hailey.) Some have also critiqued the production, with one user noting, “Why are we so obsessed with such poorly acted series? Pero sino nga ba ang totoong Kaplan Heiress?” If you haven’t joined the craze yet, True Heiress vs. Fake Queen Bee is exclusively available on ReelShort. Whether you’re drawn by the intrigue, the performances, or the social commentary, this series is a must-watch for anyone looking to dive into a modern tale of identity and ambition.

Breaking: Japan's Tokyo CPI inflation rises to 3.0% YoY in December vs. 2.6% prior

MINNEAPOLIS (AP) — Minnesota Vikings coach Kevin O'Connell's stirring locker room tribute to his team last week at Seattle was respectfully interrupted by seven-year veteran right tackle Brian O'Neill, who flipped the script on the game ball awards by tossing one to the boss in honor of his second 13-win season in three years. The Vikings have obliterated even the most optimistic of external predictions for this transitional season, taking a sparkling 13-2 record into their matchup against the Green Bay Packers that has made O'Connell the current favorite for the NFL Coach of the Year award. “It’s a credit to who he is as a person, as a coach and as a leader,” tight end T.J. Hockenson said. “We’re very fortunate to be able to play under him.” The Vikings can not only win the NFC North for a second time in three seasons, but get the No. 1 seed with a first-round bye and home-field advantage throughout the NFC tournament if they beat both the Packers at home on Sunday and the Detroit Lions on the road next week. Don't expect the Vikings to ponder that possibility, though, as tantalizing as it would be. “It can be a very tired cliché to talk about going 1-0 until you’ve systematically built your entire operation daily of just trying to do that every single day,” O'Connell said after Minnesota's eighth consecutive victory . “These guys, it’s not a cliché at that point. It becomes part of your football foundation and the makeup of your locker room, of your leadership, your coaching staff.” The Packers could be forgiven for being less than impressed by the impact O'Connell has made, for a reason beyond simply him coaching their biggest rival. Green Bay enjoyed even better out-of-the-gate success under coach Matt LaFleur, who was hired in 2019 and won 13 regular-season games in each of his first three years. Though they're in third place at 11-4, two games behind the Lions and the Vikings, the Packers too have secured a place in the playoffs even if they can't win their loaded division. They'll likely be the visiting team as long as they're alive this postseason. "I think that just all of us going against one another, it’s forced you to be at your best every week," LaFleur said. “You can’t afford a slip-up, just to keep up with everybody.” The road team has won each of the past three matchups in this series. The Packers are 0-4 against the teams with the top three records in the NFC: Detroit, Minnesota and Philadelphia. “We’ve got to be able to go win these games against the really good teams in the league and set ourselves up for the situation we’ll be in for the playoffs,” quarterback Jordan Love said. Aaron Jones rushed for 93 yards on 22 carries for Minnesota in a 31-29 victory at Green Bay on Sept. 29. Released by the Packers for salary cap relief in favor of their premier free agency addition, the three-plus-years-younger Josh Jacobs, Jones just hit the 1,000-yard mark last week and can't hide from the significance of facing his former team. "They respect you because they were on your team or they've seen the work that you put in, but you want to gain their respect in another way from playing against them, like, ‘Man, this dude is really as good as I thought he was,’" Jones said. Jacobs, for his part, is fourth in the NFL entering Week 17 with 1,216 rushing yards for the most by a Packers player in a season since Ryan Grant (1,253) in 2009. The earlier matchup this season featured seven combined turnovers, four by the Packers and three by the Vikings. Both of these teams are among the NFL's best in the turnover department, with Green Bay at a plus-12 margin and Minnesota at a plus-10. The Packers have allowed a total of three sacks and have committed just two turnovers over their past five games. The Vikings are eagerly anticipating the return of second-year linebacker Ivan Pace, the sparkplug who has missed four games on injured reserve with a hamstring strain. They’ll be cautious with him and the tricky nature of that injury, but getting Pace back in the middle of the action with fellow linebacker Blake Cashman would be a big boost to the play-calling options for defensive coordinator Brian Flores. “He flies around. When he blitzes, he’s as impactful as anybody, and when you can really get him and Cash out there at the same time, they both can really play to their strengths,” O’Connell said. “They’re both really good blitzers. Cash is phenomenal in coverage and reading the quarterback, and when you can kind of pair those guys together, run and pass, that’s when we’re at our best.” Brayden Narveson missed both of his field-goal attempts for Green Bay, from 37 and 49 yards, in the two-point decision at Lambeau Field in Week 4. The Packers released Narveson a couple of weeks later in favor of 11-year veteran Brandon McManus, who has gone 16 of 17 on field-goal tries including game-winners as time expired against Houston and Jacksonville. AP NFL: https://apnews.com/hub/NFLSaturday, December 21, 2024 MTR Corporation is dedicated to improving the High Speed Rail (Hong Kong Section) services, announcing that starting 5 January 2025, the HSR will expand its network by introducing a new long-distance route to Xi’anbei in Shaanxi Province. This expansion also includes the addition of three new destinations under the Individual Visit Scheme: Meizhouxi, Suzhounan, and Xi’anbei. These additions aim to enhance convenience for tourists and facilitate both leisure and business travel for residents of Hong Kong. As a result, the total number of direct-access destinations available through the HSR will rise to 94, serviced by as many as 108 pairs of daily train runs. The newly established route to Xi’anbei will feature a daily round trip directly connecting Hong Kong to Xi’an, a city celebrated for its rich historical legacy and significant advancements in science and technology. Added to the Individual Visit Scheme in 2024, Xi’an will now be more accessible to visitors. This route will cover 17 destinations, highlighting locations rich in tourist attractions, including the cultural city of Luoyang, the Longmen Grottoes recognized as a World Cultural Heritage site, and the adventurous Huashan, enhancing cultural exchanges and the exploration of Mainland China’s historical treasures. Additionally, the route to Guangzhoudong will now stop at Xintang, a new development zone within Guangzhou and a vital component of the Greater Bay Area’s high-speed rail network. Ticket sales for these new destinations and additional train services will commence on 22 December 2024. “With the support of the governments of both the Mainland and Hong Kong, as well as the Mainland railway authorities, HSR has experienced rapid growth since its launch. The number of direct destinations has increased from 44 to more than double that many, solidifying HSR’s role as a vital bridge connecting Hong Kong and the Mainland. In addition to launching the new Xi’anbei long-haul route, existing services will be enhanced to better meet passenger needs. The addition of new destinations in three cities under the Individual Visit Scheme will further improve convenience for visitors,” said Ms Jeny Yeung , Managing Director – Hong Kong Transport Services, MTR Corporation. Further service improvements set for 5 January 2025 include a new daily service running between Hong Kong West Kowloon and multiple destinations such as Shenzhenbei, Shanwei, and Wuhan. There will also be adjustments to existing routes to Guangzhoudong, Chaoshan, Shanghai, Beijing, and Chongqing. To accommodate the holiday rush, extra train services will be available from 24 to 29 December 2024, enhancing connectivity between Hong Kong and Shenzhen. MTR Corporation continues its commitment to enhancing transportation services, providing seamless travel experiences, and fostering greater cultural and economic integration between Hong Kong and Mainland China. Last month, the introduction of Chartered Train Services aimed to support group travel, with special round-trip charters to destinations like Chaoshan and Zhangjiajiexi planned for the upcoming festive season.Barclays PLC boosted its stake in Aehr Test Systems ( NASDAQ:AEHR – Free Report ) by 27.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 140,525 shares of the semiconductor company’s stock after purchasing an additional 30,119 shares during the quarter. Barclays PLC’s holdings in Aehr Test Systems were worth $1,807,000 as of its most recent SEC filing. Several other institutional investors and hedge funds also recently made changes to their positions in the company. The Manufacturers Life Insurance Company increased its position in shares of Aehr Test Systems by 7.5% during the second quarter. The Manufacturers Life Insurance Company now owns 11,045 shares of the semiconductor company’s stock worth $123,000 after acquiring an additional 769 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Aehr Test Systems by 3.8% during the 2nd quarter. Rhumbline Advisers now owns 39,333 shares of the semiconductor company’s stock worth $439,000 after purchasing an additional 1,438 shares in the last quarter. Bouvel Investment Partners LLC raised its holdings in shares of Aehr Test Systems by 3.5% in the 3rd quarter. Bouvel Investment Partners LLC now owns 58,233 shares of the semiconductor company’s stock valued at $748,000 after purchasing an additional 1,981 shares during the period. nVerses Capital LLC acquired a new stake in Aehr Test Systems during the 2nd quarter valued at $25,000. Finally, Truvestments Capital LLC bought a new position in shares of Aehr Test Systems during the third quarter worth approximately $36,000. Institutional investors and hedge funds own 69.69% of the company’s stock. Aehr Test Systems Trading Up 1.4 % AEHR stock opened at $16.51 on Friday. The firm has a 50-day moving average price of $13.10 and a 200-day moving average price of $13.64. The stock has a market capitalization of $489.21 million, a P/E ratio of 16.85 and a beta of 1.94. Aehr Test Systems has a 12 month low of $9.83 and a 12 month high of $28.95. Wall Street Analyst Weigh In Separately, StockNews.com lowered shares of Aehr Test Systems from a “hold” rating to a “sell” rating in a research report on Saturday, October 5th. Get Our Latest Report on AEHR Aehr Test Systems Company Profile ( Free Report ) Aehr Test Systems provides test solutions for testing, burning-in, and semiconductor devices in wafer level, singulated die, and package part form, and installed systems worldwide. Its product portfolio includes FOX-XP and FOX-NP systems that are full wafer contact and singulated die/module test and burn-in systems that can test, burn-in, and stabilize range of devices, including silicon carbide-based and other power semiconductors, 2D and 3D sensors used in mobile phones, tablets and other computing devices, memory semiconductors, processors, microcontrollers, systems-on-a-chip, and photonics and integrated optical devices. Recommended Stories Want to see what other hedge funds are holding AEHR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aehr Test Systems ( NASDAQ:AEHR – Free Report ). Receive News & Ratings for Aehr Test Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aehr Test Systems and related companies with MarketBeat.com's FREE daily email newsletter .

TikTok's future in the U.S. appeared uncertain on Friday after a federal appeals court rejected a legal challenge to a law that requires the social media platform to cut ties with its China-based parent company or be banned by mid-January. A panel of three judges on The U.S. Court of Appeals for the District of Columbia Circuit ruled unanimously that the law withstood constitutional scrutiny, rebuffing arguments from the two companies that the statute violated their rights and the rights of TikTok users in the U.S. The government has said it wants ByteDance to divest its stakes in TikTok. But if it doesn't and the platform goes away, it would have a seismic impact on the lives of content creators who rely on the platform for income as well as users who use it for entertainment and connection. Here are some details on the ruling and what could happen next: What does the ruling say? In their lawsuit, TikTok and ByteDance, which is also a plaintiff in the case, had challenged the law on various fronts, arguing in part that the statute ran afoul of the First Amendment and was an unconstitutional bill of attainder that unfairly targeted the two companies. But the court sided with attorneys for the Justice Department who said that the government was attempting to address national security concerns and the way in which it chose to do so did not violate the constitution. The Justice Department has argued in court that TikTok poses a national security risk due to its connections to China. Officials say that Chinese authorities can compel ByteDance to hand over information on TikTok's U.S. patrons or use the platform to spread, or suppress, information. However, the U.S. hasn't publicly provided examples of that happening. The appeals court ruling, written by Judge Douglas Ginsburg, said the law was “carefully crafted to deal only with control by a foreign adversary." The judges also rejected the claim that the statute was an unlawful bill of attainder or a taking of property in violation of the Fifth Amendment. Furthermore, Ginsburg wrote the law did not violate the First Amendment because the government is not looking to “suppress content or require a certain mix of content” on TikTok. What happens next? TikTok and ByteDance are expected to appeal the case to the Supreme Court, but it's unclear whether the court will take up the case. TikTok indicated in a statement on Friday the two companies are preparing to take their case to high court, saying the Supreme Court has “an established historical record of protecting Americans’ right to free speech." "We expect they will do just that on this important constitutional issue,” a company spokesperson said. Alan Morrison, a professor at The George Washington University Law School, said he expects the Supreme Court to take up the case because of the novelty of the issues raised in the lawsuit. If that happens, attorneys for the two companies still have to convince the court to grant them an emergency stay that will prevent the government from enforcing the Jan. 19 divestiture deadline stipulated in the law, Morrison said. Such a move could drag out the process until the Justices make a ruling. Tiffany Cianci, a TikTok content creator who has supported the platform, said she was not shocked about the outcome of the court's ruling on Friday because lower courts typically defer to the executive branch on these types of cases. She believes the company will have a stronger case at the Supreme Court. “I believe that the next stages are more likely to produce a victory for TikTokers and for TikTok as a whole,” Cianci said. What about Trump? Another wild card is President-elect Donald Trump, who tried to ban TikTok during his first term but said during the recent presidential campaign that he is now against such action . The Trump transition team has not offered details on how Trump plans to carry out his pledge to “save TikTok." But spokeswoman Karoline Leavitt said in a statement last month that he plans to “deliver” on his campaign promises. After Trump takes office on Jan. 20th, it would fall on his Justice Department to enforce the law and punish any potential violators. Penalties would apply to any app stores that would violate a prohibition on TikTok and to internet hosting services which would be barred from supporting it. Some have speculated that Trump could ask his Justice Department to abstain from enforcing the law. But tech companies like Apple and Google, which offer TikTok's app on their app stores, would then have to trust that the administration would not come after them for any violations. Craig Singleton, senior director of the China program at the Foundation for Defense of Democracies, said enforcement discretion — or executive orders — can not override existing law, leaving Trump with “limited room for unilateral action." There are other things Trump could potentially do. It's possible he could invoke provisions of the law that allow the president to determine whether a sale or a similar transaction frees TikTok from “foreign adversary” control. Another option is to urge Congress to repeal the law. But that too would require support from congressional Republicans who have overwhelmingly supported the prospect of getting TikTok out of the hands of a Chinese company. In a statement issued Friday, Republican Rep. John Moolenaar of Michigan, chairman of the House Select Committee on China, said he was “optimistic that President Trump will facilitate an American takeover of TikTok” and allow its continued use in the United States. Is anyone trying to buy TikTok? ByteDance has said it won't sell TikTok . And even if it wanted to, a sale of the proprietary algorithm that powers TikTok is likely to get blocked under Chinese export controls that the country issued in 2020. That means if TikTok is sold without the algorithm, its likely that the buyer would only purchase a shell of the platform that doesn't contain the technology that made the app a cultural powerhouse. Still, some investors, including Trump’s former Treasury Secretary Steven Mnuchin and billionaire Frank McCourt, have expressed interest in buying it. This week, a spokesperson for McCourt’s Project Liberty initiative, which aims to protect online privacy, said participants in their bid have made informal commitments of more than $20 billion in capital. The spokesperson did not disclose the identity of the participants. Haleluya Hadero, The Associated PressBarclays PLC grew its holdings in Ichor Holdings, Ltd. ( NASDAQ:ICHR – Free Report ) by 377.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,787 shares of the technology company’s stock after purchasing an additional 44,897 shares during the quarter. Barclays PLC owned about 0.17% of Ichor worth $1,808,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Other institutional investors and hedge funds also recently made changes to their positions in the company. Louisiana State Employees Retirement System boosted its stake in Ichor by 15.1% during the second quarter. Louisiana State Employees Retirement System now owns 16,800 shares of the technology company’s stock worth $648,000 after acquiring an additional 2,200 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Ichor by 11.4% in the second quarter. Bank of New York Mellon Corp now owns 248,346 shares of the technology company’s stock valued at $9,574,000 after buying an additional 25,432 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Ichor by 8.3% during the second quarter. Principal Financial Group Inc. now owns 165,410 shares of the technology company’s stock valued at $6,377,000 after buying an additional 12,705 shares during the last quarter. Natixis Advisors LLC raised its stake in shares of Ichor by 51.0% in the second quarter. Natixis Advisors LLC now owns 42,433 shares of the technology company’s stock worth $1,636,000 after purchasing an additional 14,326 shares during the last quarter. Finally, Rhumbline Advisers boosted its holdings in Ichor by 8.4% during the 2nd quarter. Rhumbline Advisers now owns 99,197 shares of the technology company’s stock worth $3,824,000 after acquiring an additional 7,669 shares during the last quarter. Institutional investors own 94.81% of the company’s stock. Analyst Ratings Changes ICHR has been the subject of several recent analyst reports. DA Davidson initiated coverage on Ichor in a report on Thursday, September 26th. They issued a “buy” rating and a $50.00 target price for the company. B. Riley restated a “buy” rating and issued a $38.00 target price (up from $36.00) on shares of Ichor in a research note on Tuesday, November 5th. TD Cowen boosted their price target on shares of Ichor from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Finally, Oppenheimer initiated coverage on shares of Ichor in a research note on Wednesday, September 25th. They set a “market perform” rating and a $35.00 price objective for the company. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $42.57. Ichor Stock Down 1.6 % Shares of NASDAQ ICHR opened at $31.37 on Friday. Ichor Holdings, Ltd. has a 12 month low of $26.40 and a 12 month high of $46.43. The company has a current ratio of 3.64, a quick ratio of 1.69 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of -33.73 and a beta of 1.93. The business has a 50-day moving average of $31.27 and a 200-day moving average of $32.27. Ichor ( NASDAQ:ICHR – Get Free Report ) last released its quarterly earnings results on Monday, November 4th. The technology company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. Ichor had a negative return on equity of 2.14% and a negative net margin of 3.51%. The business had revenue of $211.14 million for the quarter, compared to the consensus estimate of $203.24 million. During the same quarter last year, the business posted ($0.09) earnings per share. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. Sell-side analysts expect that Ichor Holdings, Ltd. will post -0.1 earnings per share for the current fiscal year. Ichor Profile ( Free Report ) Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment in the United States and internationally. It primarily offers gas and chemical delivery systems and subsystems that are used in the manufacturing of semiconductor devices. Recommended Stories Five stocks we like better than Ichor What Are Dividends? 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