Akerna announced that the company is implementing a plan to reduce its workforce and operating costs in order to focus its resources, accelerate its path to profitability, and create stakeholder value. The company anticipates reporting $690,000 in total costs in its second quarter to implement the reduction in force, including the following cost elements: $630,000 in severance and associated payroll taxes; $40,000 in legal costs; and $20,000 in employee insurance benefits. Of the total cost, $440,000 in salaries, payroll taxes and benefits costs would have been reported in its second quarter if the reduction in force had not been implemented. "Our sales performance in 2022 has thus far met our expectations. We believe we are showing signs of progress with revenue now at a run rate of $27m at last filing," commented Jessica Billingsley, Akerna's Chief Executive Officer. "While we believe we can continue to grow revenue and continue to reduce expenses over time, we have made the decision to focus our initiatives on our enterprise business and new market expansion of our SMB business, at least until the market conditions and the regulatory environment are in more favorable territory. We can see a path to positive cash flows and profitability, and the board and the management team are committed to getting there on an accelerated timetable. While we continue to deal with liquidity concerns, our headcount reduction and additional cost savings measures represent a material annual cost savings. As part of this restructure, executive leadership team has also collectively agreed to a 25% reduction in salary to help support the company's cost savings initiatives. As we noted on our last earnings call, bookings have been strong and our CARR is $21.1 million, and we are looking to continue to grow our top-line through a combination of enterprise wins as well as the opportunity we see in new market expansion from the SMB side of the business," added Ms. Billingsley.

Northrop Grumman was awarded a $254.42M firm-fixed-price modification to a previously awarded contract to exercise an option for production of Surface Electronic Warfare Improvement Program Block 3 Hemisphere systems. Work is expected to be completed by September 2025. FY22 other procurement funds in the amount of $152.65M and FY22 shipbuilding and conversion funds in the amount of $101.77M will be obligated at time of award and will not expire at the end of the current fiscal year. The Naval Sea Systems Command is the contracting authority.

Raytheon was awarded a $624.6M modification to contract for the procurement of Stinger missiles and associated equipment. Work locations and funding will be determined with each order, with an estimated completion date of June 30, 2026. U.S. Army Contracting Command is the contracting activity.

In a regulatory filing, Range Resources disclosed that its CFO Mark Scucchi sold 55K shares of common stock on May 25th in a total transaction of $1.8M.

JinkoSolar announced that its principal operating subsidiary, Jinko Solar Co. has signed a new distribution agreement in Latin America with Aldo Solar. Aldo Solar, which stands out as the largest distributor of solar energy solutions in the country with a market share of approximately 30% in the Distributed Generation segment, will bring to market the new N-Type ultra-efficiency photovoltaic Tiger Neo modules from JinkoSolar. At the end of last year, the companies announced the signing of the largest distribution agreement for distributed generation ever signed by Jinko Solar outside China. And now, this new agreement with Aldo Solar makes Brazil the first market in Latin America to make JinkoSolar 's new N-type modules available and marks the signing of the world's largest contract for the distribution of N-type ultra-efficiency photovoltaic modules from the Tiger Neo family of JinkoSolar. Under this agreement, approximately 600 MW of power from the Tiger Neo family is expected to be distributed. The new panels are expected to be available at Aldo Solar for pre-sale starting in July.

China Green "announced that, as a result of its failure to file its Quarterly Report on Form 10-Q for the period ended March 31, 2022 in a timely fashion, it has received a notice from the New York Stock Exchange that the Company was not in compliance with the NYSE's continued listing requirements under the timely filing criteria established in Section 802.01E of the NYSE Listed Company Manual. As reported by the Company in its Form 12b-25 filed with the Securities and Exchange Commission on May 17, 2022, the Company was unable to file the Form 10-Q within the prescribed time period without unreasonable effort or expense. The extension period provided under Rule 12b-25 expired on May 23, 2022. The Company is unable to meet the filing deadline for the filing of its Form 10-Q due to circumstances related to COVID-19. In the year of 2022, more pandemic restrictions had been tightened throughout China to control the spread of COVID-19 in the community. As the Company's primary business is in China, its operations had been impacted due to the pandemic restrictions. The Company is currently working closely with its principal accounting firm to complete the filing of its Form 10-Q as soon as reasonably practicable."

Nvidia announced that it recently became aware of an unsolicited "mini-tender" offer by Tutanota to purchase up to 215,000 shares of Nvidia common stock, representing significantly less than 1% of Nvidia's outstanding common stock. The offer price of $210 per share is conditioned on, among other things, the closing price per share of Nvidia's common stock exceeding $210 per share on the last trading day before the offer expires. This means that unless Tutanota waives this condition, Nvidia stockholders who tender their shares in the offer will receive a below-market price. Nvidia cautions stockholders that Tutanota has stated it expects to extend the offer for successive periods of 45 to 180 days, in which case payment would be delayed beyond the scheduled expiration date of Friday, May 27. There is no guarantee that the conditions of the offer will be satisfied. Nvidia recommends that stockholders do not tender their shares in response to Tutanota's offer because the offer requires that the closing price per share of Nvidia's common stock exceed the offer price, and the offer is subject to numerous additional conditions, including Tutanota obtaining financing for the offer. Stockholders who have already tendered their shares may withdraw them at any time by providing notice in accordance with the Tutanota offering documents prior to the expiration of the offer, which is currently scheduled for 5 p.m. Eastern Daylight Time on Friday, May 27.

Renren announced that it has entered into an amendment to the stipulation of settlement reached on October 7, 2021. Capitalized but undefined terms used herein shall have the same meanings ascribed to them in Exhibit 99.1 of the Form 6-K furnished by the company to the Securities and Exchange Commission on October 8, 2021. The court declined to approve the initial stipulation by order dated December 10, 2021, raising concerns about certain objections raised as to the recipients of the settlement funds, the amount of requested attorneys' fees, and the reversion to Renren of any remaining settlement funds. On May 27, plaintiffs and defendants, after additional negotiations, reached an agreement on certain modifications to the Initial stipulation as well as a modification to the reversion provision, which provides for the distribution of remaining settlement funds. Plaintiffs and defendants entered into the stipulation amendment with the purpose of reaching a new overall settlement of the entire action. As the settlement remains subject to approval by the court and the fulfillment of other conditions set forth in the stipulation, which involve inherent risks and substantial uncertainties, there is no guarantee that the settlement will be consummated as contemplated under the stipulation or at all. The foregoing summary of the stipulation amendment is qualified in its entirety by reference to the complete text of that document, which will be filed as an exhibit to the Form 6-K that the company intends to promptly furnish to the Securities and Exchange Commission thereafter, attaching this press release as an exhibit thereto.