CLPS Incorporation Regains Compliance with Nasdaq Minimum Bid Price Requirement

On Holding AG (NYSE:ONON) announced a $1 billion share buyback and set long-term targets, including CHF 5.6 billion in net sales by 2029. The company expects high-teens annual growth and a 22% adjusted EBITDA margin. Shares rose 9%. On plans to expand into football and golf while maintaining growth and margins. Concerns include tariff exposure and competition from Nike and Adidas.

Sandisk (SNDK) has secured buyers for 50% of this year's output and 67% of next year's, with long-term contracts ensuring floor prices. Revenue surged 372% YoY to $8.97B, driven by AI data center demand. The company projects mid-to-high teens revenue growth and 80% gross margins through 2030. Shares have gained 640% this year, trading at 8x expected earnings.

Google agreed to help fund upgrades to Georgia Power's nuclear reactors, adding 96 MW capacity. The deal, filed with regulators, aims to benefit customers and avoid cost shifts. Google will pay extra for carbon-free credits. Georgia Power projects $900M in customer benefits. The PSC must approve the agreement.

DoorDash will pay $131.5M to settle claims of underpaying NYC delivery workers, admitting errors. The settlement includes $16M in penalties. Brent oil briefly fell below $100 per barrel, with the S&P 500 near its record high.

CleanSpark (NASDAQ: CLSK) priced $2.276B in 7.875% senior secured notes due 2031, raising $2.242B for its Sandersville data-center project. The notes will fund construction costs and other project expenses. The offering is $49M larger than initially proposed, with an annual cash interest of $179.2M. The project includes a 20-year lease with Meta-owned Anviran, guaranteeing $6.6B in payments.

SB Energy, backed by SoftBank and Nvidia, has delayed its IPO plans, which were targeting a $50 billion valuation. The company's $4.9 billion debt package has seen weak demand with yields around 10%. Nvidia has invested $1.5 billion and committed another $1.5 billion tied to the IPO. American Electric Power (AEP) is involved through a regional power partnership. Nvidia's exposure includes a $105 billion guarantee under certain conditions.