Equities, regulation, and market-moving news from the United States, Canada, and Mexico.
Market overview
GSN covers three North American markets: the United States, Canada and Mexico. The United States sets the disclosure template most of the region’s issuers are measured against, and the other two run their own regimes alongside it.
Read the full overview and sources
The American framework is statutory and old. The Securities Act of 1933, the truth in securities law, requires that investors receive financial and other significant information about securities offered for public sale and prohibits deceit and misrepresentation in their sale, achieved mainly through registration; registration statements and prospectuses become public shortly after filing and, for domestic companies, land on EDGAR. Exemptions cover private offerings to a limited number of persons or institutions, offerings of limited size, intrastate offerings and government securities.
The Securities Exchange Act of 1934 created the Securities and Exchange Commission and gave it authority over brokerage firms, transfer agents, clearing agencies and the self regulatory organisations, which include the New York Stock Exchange, the NASDAQ Stock Market and the Financial Industry Regulatory Authority. Under that Act, companies with more than $10 million in assets whose securities are held by more than 500 owners must file annual and other periodic reports, and anyone seeking to acquire more than 5 percent of a company’s securities by direct purchase or tender offer must disclose it. The Trust Indenture Act of 1939 governs publicly offered debt, the Investment Company Act of 1940 the fund complex, and the Sarbanes-Oxley Act of 2002 and Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 sit on top of both. FINRA operates as the industry’s self regulatory organisation within that structure, and SRO rule proposals are published for public comment and, in some cases, need SEC approval before taking effect.
Canada runs a separate but heavily interconnected market. The Toronto Stock Exchange and TSX Venture are the country’s leading exchanges, with a two-tier structure that puts senior issuers on TSX and earlier stage ones on the venture board, and TMX itself describes 40% of all equity trading in Canadian markets as originating in the US. Mining and technology dominate the listed base, which is why Canadian coverage skews to resource disclosure and to cross-listed technology issuers.
Mexico is the smallest of the three and the most macro-driven. Banco de Mexico publishes the exchange rate used to settle obligations denominated in United States dollars that are payable in the Mexican Republic, the reference every peso-denominated financial statement and cross-border contract in the country turns on.
The index treatment of the three diverges more than their geography suggests. In the FTSE Equity Country Classification of Markets as at September 2023, the USA and Canada are Developed and Mexico is Advanced Emerging, which puts Mexican issuers in emerging-market benchmarks while their North American peers sit in developed ones. GSN’s coverage follows the filings: SEC registration and periodic reports, TSX and TSXV disclosure, and the Mexican regulatory and central bank publications that frame both.
Sources
This overview is based on the official documents listed below, last checked 2026-09-03. Figures are as stated in those documents.
Comtech is selling most of its satellite and space business to an affiliate of Gilat Satellite Networks. Its new finance chief has satellite experience, which says something about how carefully the exit is being handled.
Strategic Metals has completed a property option deal that leaves it with a significant minority stake and retained royalties in Trifecta Gold's Yukon projects.
Arrive AI Inc. (NASDAQ: ARAI) is launching a dedicated defense division to adapt its autonomous delivery infrastructure for military use. The company says the move could open non-dilutive government funding, but it has disclosed no contracts.
Nova Minerals (NYSE American: NVA) has received the final equipment for its planned Alaska antimony refinery, a project supported by a $43.4 million U.S. Department of War award. The Ledger examines what stands between delivered equipment and first antimony: permits, construction and feed.
Grupo Aeroportuario del Centro Norte reported July passenger growth across its 13 airports, with international traffic up 7.5% and three new routes launched.
A test-equipment maker is buying into a probe and interface specialist to speed AI-era chips to production. The deal opens several futures, and the announcement settles none of them.
American Pacific Mining (OTCQX: USGDF) is imaging hole M26C-02 at its Madison project in Montana before drilling again. The reported grades are high, but whether the zone continues beyond existing intersections is still unproven.
A Phase 3 trial of firmonertinib in an EGFR exon 20 lung cancer failed on its main independent measure while looking better on others. ArriVent now has to decide what that split result is worth.
Prospector Metals has finished its 2026 drilling program at the Yukon ML Project with high-grade gold intercepts. The release does not say how the 2027 program will be paid for, and that is the next question.
Editas Medicine has cleared the hurdle to start dosing people with EDIT-401, a one-time gene edit meant to lower LDL cholesterol. The primate data are striking; the human question is entirely open.
Azincourt Energy (OTCQB: AZURF) has begun drilling at its Snegamook uranium deposit in Labrador. The company says the work could lead to its first mineral resource estimate, but the path is long and the data is still coming in.
Safe Pro Group has given preliminary, unaudited third-quarter revenue far above last year, which it credits to U.S. defense subcontracts. The final close, and what comes after it, will show how much of that is repeatable.
Sirios Resources completed Phase 1 drilling at its Cheechoo project, reporting high-grade gold intersections. The company now plans Phase 2 drilling and a resource estimate.
The Mexican consumer health group reported second quarter net sales of 4,397.0 million pesos, down 6.0%, with EBITDA down 13.9% and net income of 374.5 million pesos.
A Denver-based AI investor points to 124 unmanned French fuel stations as proof for its portfolio company Manako Labs. The release does not say that any of that French money reaches TaoWeave.
Stallion Uranium (OTCQB: STLNF) has restarted Phase II drilling at its Moonlite Project, moving from initial exploration to targeted structural testing. The company says the geological model is now clearer, but the ore body remains unproven.
Rank One Computing has added biometrics scientist Dr. Anil Jain to its board, alongside an existing advisory role. GSN asks whether deep scientific expertise on the board can turn into commercial traction for its Vision AI platform.
The 2026/27 program is condemnation, pit-definition, water and geotechnical work for a bankable feasibility study. The resource is already 10.5 million tonnes of lithium carbonate equivalent on paper; the cost is not.
The Mexican water solutions company reported a 3.4% rise in second quarter net sales but a 201 million peso net loss tied to finance costs in Argentina.
Wolfspeed (NYSE: WOLF) has received a conditional commitment for up to $1.5 billion in financing from the U.S. Department of War. This report examines whether the capital would stabilize the silicon carbide maker or bind it to a rigid national security agenda.
Westhaven's sixth batch of South Zone assays lands as the 35,000-metre program closes. The true-width caveat, the 2025 economic study and the Dundee earn-in frame what the numbers can carry.
The first quarter with Kloeckner inside made Worthington Steel far larger and loss-making on the bottom line. The real prize, operating control through a domination agreement, is still waiting on approvals.
By closing its purchase of Israeli retail media firm Hedia, A2Z Cust2Mate has bought advertiser relationships and campaign execution capabilities. The open question is whether an acquired sales team can sell A2Z's own in-store media inventory.
Sernova Biotherapeutics Inc. and Seraxis Holdings Inc. have entered a definitive merger agreement to create BetaNova Biotherapeutics, a clinical-stage biotech focused on type 1 diabetes treatments.
Blaize revised its full-year revenue range to far above its latest quarter, resting it on signed orders, inventory, suppliers and timely payment, days after announcing cuts to about a quarter of its staff.
CTO Realty Growth (NYSE: CTO) paid $103 million for a nearly full open-air power center near Kansas City, lifting its 2026 investment total to $439 million. GSN asks how long that pace can last and how the deal was paid for.
QCi's new investor deck leads with a debt-free cash pile. The open question is how much business that money is buying, and how soon customers start paying their share.
ACM Research says its Shanghai subsidiary's order backlog grew sharply from a year earlier. The release's own caveats explain what that figure does and does not promise.
The Winnipeg wound-care company said its antimicrobial gel spray featured in a presentation at the Military Health System Research Symposium in Florida.
A binding 50 MW deal with Nebius gives AIB Data Centers a customer and a financing plan that leans on customer prepayments and project financing rather than shareholders. Whether the building gets finished, and what comes after it, is still open.
Zentek Ltd. released a preliminary economic assessment for its Albany Graphite Project in Ontario, outlining production economics and infrastructure requirements.
Astro Digital plans to go public by merging with Proem Acquisition Corp I (Nasdaq: PAAC). GSN asks whether its claims of growth and positive adjusted EBITDA can support a roughly $587 million valuation.
A Florida magnet maker and a Florida hydrogen company have put their ambitions in writing. The fine print says the writing mostly binds them on confidentiality, publicity and expenses.
Nauticus Robotics (Nasdaq: KITT) has secured a temporary reprieve from a triggering event on its convertible preferred stock, but the underlying debt restructuring continues to reshape the company's capital structure.
A California sales tax exclusion for a planned silicon wafer plant is real, but it is a discount on purchases not yet made, and the release says almost nothing about how those purchases will be paid for.
The Saskatchewan-focused uranium explorer said a Southeast Asian conglomerate will take an approximately 19.7% stake through a non-brokered private placement.
An FDA Fast Track designation and the sale of a majority stake in its Chinese subsidiary narrow BeyondSpring's story to one question: can its lung cancer trial reach its interim readout?
Kraig Biocraft Laboratories (OTCQB: KBLB) has shipped a small first commercial order of recombinant spider silk yarn to an unnamed performance sports brand. GSN asks whether a precision pilot order says anything about the company's ability to scale.
Immix says its CAR-T therapy has produced complete responses in 40 of 45 AL amyloidosis patients. The headline's higher figure depends on four patients who have not yet reached complete response.
A New Haven biotech says its antibody caused markedly fewer side effects than an mRNA COVID vaccine in a Phase 3 study. Whether it becomes a real alternative now rests on a second study and on how the FDA reads antibody levels.
A drone executive is leading a small personal investment into Brightline as it fights to keep its Nasdaq listing. The upfront cash matters less than the warrants attached, which pay out only if the shares recover.
Saga Metals Corp. reports assay results from its Radar Titanium-Vanadium-Iron project in Labrador, including a 119.1-metre intercept from drill hole R-0051.
Cipher Digital has pushed contracted revenue at its Texas data center past $9 billion by adding a second decade with an unnamed AI lab. The price is a cost-overrun framework that leaves Cipher carrying the first slice of any budget miss.
A new study says the Santa Cruz copper project works even at a conservative copper price. Most of the headline value, though, rests on today's price, and the study excerpt reviewed does not say who funds the build.
Veracyte (Nasdaq: VCYT) has eight studies on its Decipher prostate cancer test at ASTRO 2026, but no findings have been disclosed yet. GSN asks whether the data will show the genomic classifier can help guide treatment decisions.
A Shell feasibility study named Rhode Island sites as suitable. No agreement, site, capacity, cost, buyer or permit is disclosed. How to read a pre-project announcement.
Canadian fusion energy developer General Fusion Group Ltd. started trading on Nasdaq on July 13, 2026, entering the public markets with approximately US$150 million in cash after finalizing its merger with the special-purpose acquisition company.
PPL Electric Utilities has been selected for up to $71.5 million to rebuild a 29-mile line with higher-capacity conductors and listening fibre. The award terms are still to be negotiated.
About six times this year's expected revenue and two-thirds of Cognex's cash, plus $106 million to keep the team. The facial-authentication line is spun out first, and the release gives no profit figure.
Three INDIGO presentations cover open-label durability, steroid toxicity and vaccine responses. The abstract titles state conclusions; the numbers are not yet public, and no filing date is given.
D-Wave furnished an 8-K announcing a user conference in Seoul on October 28, 2026. The filing names presenters from NTT DOCOMO, LG CNS and three universities but gives no revenue, customer count or contract value for any of them.
CUE-221 beat placebo at all three doses in a 145-patient Phase 2 trial in China. The comparison with omalizumab was not statistically tested by design, the arm sizes in the tables sum to 143, and the release gives no cash or cost figure for the next study.
GCT Semiconductor raised its chief financial officer's salary from $304,500 to $330,383 and set a half-year bonus plan at 25 percent of base salary. The filings give no revenue target, no weighting and no salaries for the other three officers.
NextEra and Dominion propose four years of $10 monthly credits, 600 NextEra jobs and 400 supplier jobs in Virginia. The filing gives the old $1.78 billion credit total but not the new one, and does not say how much is new money rather than redirected.
The company received FDA confirmation on the pivotal Phase 2 trial framework for RP-A501, clarifying the path to potential accelerated approval for Danon disease.
Artificial Intelligence Technology Solutions Inc. announced its robotic security devices are now integrated with the Immix professional monitoring software platform.
Georgia Power (NYSE: SO) received regulatory approval for 1,137 MW of new solar power purchase agreements, marking the largest single solar procurement in the company's history.
York Space Systems will serve as prime contractor for the initial phase of Tomorrow.io's DeepSky early warning constellation, delivering satellites on its M-CLASS platform.
Milestone Pharmaceuticals (Nasdaq: MIST) announced China's regulatory approval of etripamil nasal spray for heart rhythm disorder, marking the first approval of the drug outside the United States.
Monte Rosa Therapeutics announced a $50 million milestone payment from Novartis following the initiation of a Phase 2 clinical study for its Sjogren's disease treatment candidate.
Roivant Sciences will present topline results from its Phase 2 PHocus study of mosliciguat in patients with pulmonary hypertension associated with interstitial lung disease at the ERS Congress 2026.
ACI Worldwide has agreed to acquire Cranium Ventures and its SYNAP card switching framework for ACI Connetic. Terms were not disclosed and the deal is expected to close by the end of September.
Aficamten met both primary endpoints in the first Phase 3 trial to succeed in non-obstructive hypertrophic cardiomyopathy, and Cytokinetics plans a supplemental FDA filing in the fourth quarter.
Bleichroeder Acquisition Corp. II shareholders approved the Pasqal business combination on August 25, 2026 and the deal closed two days later. Holders of 26,039,602 of 28,750,000 public shares redeemed.
The first of two pivotal wet AMD trials failed its primary visual acuity endpoint in the full dataset; EyePoint points to secondary endpoints and an ad hoc analysis excluding nine patients.
Newbury Street II Acquisition Corp announced a definitive business combination agreement with FORT Robotics to create a publicly traded entity focused on physical AI safety.
Fernando Queiroz, CEO of Levona Renewables, writes that transmission and interconnection work now consume more of his team's time than solar equipment does on a recent ERCOT-zone project.
In a shareholder letter filed with the SEC, Nexscient said its April acquisition of Flipside AI turned it into an operating business and outlined new AI data clients and Nasdaq uplisting plans.
Parsons, an engineering and construction services firm, has been selected to provide project management and construction management services for a major airport terminal renovation in Knoxville.
Rocket Lab filed pro forma and historical financial statements tied to its pending acquisition of satellite operator Iridium Communications, detailing deal terms and a $3.6 billion bridge loan.
Serve Robotics, a San Carlos-based autonomous delivery company, disclosed a Grubhub partnership, two new markets, and a next-generation hospital robot in an August 17 SEC filing.
Babcock & Wilcox will supply 20 Siemens Energy steam turbine generator sets totaling 1 gigawatt of capacity for its FastPower data center program, the company said.
Comstock's second-quarter filing sets out the cost, permitting status and rated capacity of the Silver Springs solar panel recycling plant, and the mining sale that funds it.
An amended SEC filing that corrects a slide in the company's investor presentation discloses second-quarter revenue growth, design wins, and third-quarter guidance.
Ondas Inc. said it has closed its previously announced acquisition of drone inspection firm Cyberhawk, expanding into critical infrastructure intelligence.
The connected-fleet software company reported first-quarter results, updated fiscal 2027 guidance, and named a new president and CFO plus a chief AI officer.
Rocket Lab reported record second-quarter 2026 revenue of $234 million and a record $2.36 billion backlog, and guided to another record revenue quarter in Q3.
The Seattle-based cell therapy company posted second-quarter 2026 financial results alongside clinical progress on its diabetes and lymphoma programs and a new Mayo Clinic collaboration.
Ichor Holdings posted second-quarter 2026 revenue of $294.8 million, up 15% sequentially, swung to GAAP profitability, and guided to further growth for the third quarter.
Shentel posted 5.5% revenue growth in the second quarter of 2026 as its Glo Fiber expansion segment grew 32.8% and the company reiterated full-year guidance.
Momentus told investors its Vigoride 8 mission is fully booked with two NASA payloads for 2027. The same filing shows $107.6 million of cash after $109.9 million of net financing in the first half.
Nauticus Robotics said it completed the first prototype of a compact electric subsea manipulator. Its second-quarter filing confirms the build and shows service revenue down 57% year on year.
Microbot Medical says LIBERTY robotic system drove more than 100% quarter-over-quarter growth in revenue and customers in Q2 2026, alongside new hospital adoptions, a federal supply agreement, and its first clearance outside the US.
NewHydrogen, Inc. said it is automating its Engineering Test Unit to support development of its ThermoLoop hydrogen technology, aiming for round-the-clock testing ahead of a planned pilot plant.
Weeks before each quarterly report, board members and executives at Mexican listed companies stop trading their own shares and commenting on results. Here's how that silence works and why it exists.
National Instrument 52-112 replaced two decades of staff guidance with a binding rule on non-GAAP measures, setting out labelling, prominence, reconciliation and comparative-period requirements for figures such as adjusted earnings.
A company can go public on the TSX with no business at all, just cash held in trust and a mandate to merge. Here is how a SPAC listing and its eventual de-SPAC merger actually work.
How SEC Regulation NMS forces brokers and exchanges to route orders to the best displayed price, and what actually counts as a trade-through violation.
Almost no Mexican investor holds a physical certificate with their name on it. This is how S.D. Indeval, the institution that custodies, clears and settles shares traded on the BMV and BIVA, actually works.
A single Canadian stock trade can pass through a private, industry-funded regulator most investors have never heard of. Here is what CIRO actually oversees, and how that differs from provincial securities commissions.
A look at the primary auction mechanism through which the Mexican government places Cetes and other securities, and the key role of primary dealers as mandatory buyers.
A look at how the Bolsa Mexicana de Valores and BIVA list and trade the same securities, and why brokers must always seek the best price across both venues.
Behind every tender offer headline is a specific number: the premium over the recent trading price. Here is the mechanics of how that figure gets built.
A single ticker can stop trading for hours while the rest of the market carries on as usual, and understanding why reveals two very different regulatory tools at work.
The S&P/TSX Composite is often called a resource-heavy benchmark, but the mechanics of market-cap weighting mean commodity sectors influence the index in ways that are easy to misread.
A single comment letter rarely moves a regulator. Here is the quiet, multi-year process that actually determines when a securities watchdog reopens an existing disclosure rule.
A publicly listed vehicle lets any investor gain exposure to Mexican real estate without signing deeds or managing tenants. Here's how the structure works.
Canadian preferred shares and common shares look similar on a trading screen, but their claims on a company's cash diverge sharply once earnings falter, and understanding that order explains why the two often move in opposite directions.
From the decision to list to first trading on the BMV or BIVA, the process can take more than twelve months of regulatory, accounting, and legal work. Here's how it works.
A look at how primary dealers bid, how the Bank of Canada allocates debt, and why the auction "yield" is a market outcome rather than a rate set by decree.
An overview of the regulatory framework that oversees Mexican securities intermediaries and the authority that authorizes, supervises, and sanctions their operations.
Canada is the only G7 country without a single national securities regulator, and understanding why reveals a lot about how the country's markets actually function.
An overview of how Mexico's inflation-indexed bonds work, why their nominal value changes over time, and how they differ from traditional fixed-rate bonds.
Behind Canada's junior market sits a graduated system of financial thresholds, escrow rules, and sponsorship requirements that determine which small and early-stage companies get to ring the bell.
Behind every takeover bid is a deadline, a minimum price, and a set of rules that determine whether minority shareholders can negotiate on equal terms or simply accept the offer.
Canada's dividend tax credit reworks the after-tax comparison between dividend income and other yields, through a gross-up and credit system that few investors outside the country ever encounter.