Pittsburgh's Tech Transformation 🚀

Author

Ryan Serkes
July 11, 2025

The
Daily Trade

Hey Daily Traders,

Today's newsletter delves into SeaStar Medical's $4 million offering, a strategic move that underscores its commitment to advancing critical care treatments. By issuing over 5 million shares and unregistered warrants, SeaStar aims to bolster its flagship product, QUELIMMUNE, while enhancing its research and development efforts for organ failure therapies.

We also explore Pittsburgh's emergence as a tech and AI hub, driven by Amazon's massive investment and Gecko Robotics' unicorn status. With ambitions to create 100,000 AI jobs by 2028, Pittsburgh's unique resources position it as a promising landscape for tech investors. Lastly, EnergyX's acquisition of lithium-rich land in Arkansas marks a pivotal step in expanding U.S. lithium production, aligning with the growing demand for sustainable energy solutions.


Here's what's happening today:

  • 💼 SeaStar Medical's $4M direct offering unveiled
  • 🏙️ Pittsburgh rises as potential U.S. tech hub
  • 🔋 EnergyX acquires major lithium deposit in U.S.
  • 🎁 +10 more business & investing news stories you might like
  • 📊 +4 technical analysis results

Question

Do you believe Pittsburgh's focus on 'hard tech' and AI will successfully transform it into a leading tech hub by 2028, creating 100,000 new jobs?

Reply to this email with your answer

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Healthcare

SeaStar Medical Holding Corporation, a healthcare company focused on critical care treatments, announced a $4 million registered direct offering. The offering involves the sale of over 5 million shares at $0.763 per share under Nasdaq rules. Additionally, unregistered warrants for the same number of shares will be issued in a private placement, exercisable at $0.638 per share. H.C. Wainwright & Co. serves as the exclusive placement agent, with the offering expected to close around July 10, 2025, pending customary conditions.

SeaStar aims to use the proceeds for general corporate purposes, including working capital and capital expenditures. The company's flagship product, QUELIMMUNE, is the only FDA-approved treatment for acute kidney injury in pediatric patients. With a focus on pioneering therapies for organ failure, SeaStar's strategic financial move positions it to further its research and development efforts, potentially enhancing its growth and market presence.

Key Takeaway
  • SeaStar Medical's direct offering highlights its commitment to advancing critical care treatments.
  • Investors may find opportunities in the company's innovative approach to healthcare, particularly as it seeks to expand its product pipeline and market reach.
Technology

Pittsburgh is positioning itself as a leading tech and AI hub with significant investments and developments. Recent wins include Amazon's $20 billion investment in innovation centers and Gecko Robotics achieving unicorn status. The city aims to create 100,000 jobs in the AI sector by 2028, leveraging its rich resources in energy and water to support high-computing data centers. The acquisition of U.S. Steel by Nippon Steel further solidifies Pittsburgh's industrial prowess.

Despite these advancements, challenges remain, such as the need for local investment and regulatory adjustments to attract more data centers. With its focus on 'hard tech,' including robotics and renewable energy, Pittsburgh differentiates itself from other tech hubs. The city's unique blend of resources and industry leadership presents a promising landscape for investors looking to capitalize on the growing tech and AI economy.

Key Takeaway
  • Pittsburgh's transformation into a tech hub offers substantial investment opportunities.
  • As the city continues to attract major players and resources, investors can benefit from its strategic position in the tech and AI sectors.
Energy

Energy Exploration Technologies, Inc. (EnergyX) has announced a significant acquisition of 35,000 acres of lithium-rich land in Arkansas from Pantera Lithium Limited. This $40 million deal enhances EnergyX's position in the Smackover Formation, a key lithium region in the U.S., complementing its existing Texas holdings. The acquisition aims to bolster EnergyX's Project Lonestar™ to produce 50,000 tonnes of lithium hydroxide annually by 2030, using its proprietary LiTAS® Direct Lithium Extraction technology.

EnergyX's move is part of a broader strategy to establish a secure, sustainable U.S. battery supply chain. The company plans to integrate its advanced extraction technologies to achieve higher efficiency and lower environmental impact. This acquisition not only strengthens EnergyX's resource base but also aligns with its mission to support the growing demand for lithium in electric vehicles and energy storage, presenting a robust opportunity for investors in the energy sector.

Key Takeaway
  • EnergyX's acquisition positions it as a leader in U.S. lithium production, crucial for the EV and battery industries.
  • Investors may find significant opportunities in EnergyX's innovative approach to lithium extraction and its potential to drive the energy transition.

More Business & Investing news


  • ⚖️ Florida AG probes Robinhood's crypto claims (Link)
  • 💵 Alpine Banks declares dividend on common stock (Link)
  • 🔄 Toll Brothers names new CFO, Gregg Ziegler (Link)
  • 🏠 Oak Valley Bank secures $5.3M in grants (Link)
  • 🥣 Nutella maker buys Kellogg for $3.1B (Link)
  • ₿ KULR expands Bitcoin holdings significantly (Link)
  • 🏢 Miwok Tribe buys iconic Sacramento property (Link)
  • 🏠 Oak Valley Bank secures $5.3M in grants (Link)
  • ₿ KULR expands Bitcoin holdings significantly (Link)
  • 💡 NeOnc secures $50M partnership with Quazar (Link)

Today's Technical Analysis



Overvalued
USFD
US Foods Holding Corp.
Volume: 1.58M shares | Price: $80.25

Technical Indicator Score: 100% Sell
Out of the 8 technical indicators used to analyze this stock, 8 indicated sell signals.
RSI
Sell
MFI
Sell
WillR
Sell
AO
Sell
CCI
Sell
BBANDS
Sell
ULTOSC
Sell
STOCH
Sell

Overvalued
DLTR
Dollar Tree Inc.
Volume: 3.72M shares | Price: $108.37

Technical Indicator Score: 88% Sell
Out of the 8 technical indicators used to analyze this stock, 7 indicated sell signals, 1 indicated a neutral signal.
RSI
Sell
MFI
Hold
WillR
Sell
AO
Sell
CCI
Sell
BBANDS
Sell
ULTOSC
Sell
STOCH
Sell

Overvalued
WYNN
Wynn Resorts Ltd
Volume: 2.03M shares | Price: $111.93

Technical Indicator Score: 88% Sell
Out of the 8 technical indicators used to analyze this stock, 7 indicated sell signals, 1 indicated a neutral signal.
RSI
Sell
MFI
Sell
WillR
Sell
AO
Sell
CCI
Sell
BBANDS
Hold
ULTOSC
Sell
STOCH
Sell

Overvalued
DINO
HF Sinclair Corporation
Volume: 2.3M shares | Price: $46.02

Technical Indicator Score: 88% Sell
Out of the 8 technical indicators used to analyze this stock, 7 indicated sell signals, 1 indicated a neutral signal.
RSI
Sell
MFI
Hold
WillR
Sell
AO
Sell
CCI
Sell
BBANDS
Sell
ULTOSC
Sell
STOCH
Sell

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Technical Indicator Information

Relative Strength Index (RSI) | Period: 14 days | Overvalued threshold: 70 | Undervalued threshold: 30

Money Flow Index (MFI) | Period: 14 days | Overvalued threshold: 80 | Undervalued threshold: 20

Williams Percent Range (WillR) | Period: 14 days | Overvalued threshold: -20 | Undervalued threshold: -80

Aroon Oscillator (AO) | Period: 14 days | Overvalued threshold: 75 | Undervalued threshold: -75

Moving Average Convergence/Divergence (MACD) | Period: 26/12/9 days | Overvalued threshold: MACD crosses below MACD Signal | Undervalued threshold: MACD crosses above MACD Signal

Stochastic Oscillator (STOCH) | Period: 14/3/3 days | Overvalued threshold: %K crosses below %D above 80 | Undervalued threshold: %K crosses above %D below 20

Commodity Channel Index (CCI) | Period: 20 days | Overvalued threshold: 100 | Undervalued threshold: -100

Bollinger Bands (BBANDS) | Period: 20 days | Overvalued threshold: price >= upper band | Undervalued threshold: price <= lower band

Parabolic Stop and Reverse (SAR) | Period: variable 50 - 100 days | Overvalued threshold: SAR crosses above price | Undervalued threshold: SAR crosses below price

Triple Exponential Average (TRIX) | Period: 15 days | Overvalued threshold: TRIX crosses below 0 | Undervalued threshold: TRIX crosses above 0

Ultimate Oscillator (ULTOSC) | Period: 28/14/7 days | Overvalued threshold: 70 | Undervalued threshold: 30

Directional Movement Index (DMI) | Period: 14 days | Overvalued threshold: PlusDI crosses below MinusDI | Undervalued threshold: PlusDI crosses above MinusDI

Average Directional Index (ADX) | Period: variable 14 days | Requirement: >= 25

Analysis is only performed on securities with market caps in excess of $100 million and with daily trade volume in excess of $50 million.

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