Small-Caps Under $2 on the Move: ENVB, ONVO, TRNR, PRSO, PNPN.V Gaining Momentum

Enveric Biosciences (NASDAQ: ENVB) Secures Patent for EVM401 Series, Advancing Neuropsychiatric Treatments Small-cap biotech stocks continue to push boundaries, with Enveric Biosciences (NASDAQ: ENVB) securing U.S. Patent No. 12,195,439 for its EVM401 Series, a novel class of non-hallucinogenic mescaline derivatives designed for addiction and neuropsychiatric disorders. This milestone solidifies Enveric's standing in the neuroplastogen therapeutics sector, a rapidly emerging field within mental health treatment. The EVM401 compounds exhibit unique brain receptor modulation, potentially offering new alternatives for patients with limited therapeutic options.

Organovo (NASDAQ: ONVO) Strikes Deal with Eli Lilly, Highlighting Small-Cap Biotech's Appeal to Big Pharma. The biotech sector is buzzing as Organovo Holdings (NASDAQ: ONVO) secures a deal with Eli Lilly (NYSE: LLY) for the acquisition of its FXR program, including FXR314, a promising therapy for inflammatory bowel disease (IBD). This transaction underscores the growing trend of big pharma acquiring small-cap biotech innovations, with Organovo's proprietary 3D human tissue technology standing out as a major breakthrough. The deal includes upfront and milestone-based payments, securing FXR314's advancement into Phase 2 trials.

Interactive Strength (NASDAQ: TRNR) Unveils Acquisition Raising Guidence to $50M in 2025 Revenue. Interactive Strength Inc. (NASDAQ: TRNR), the company behind CLMBR and FORME fitness brands, is proactively engaging shareholders by launching an FAQ section addressing its recent acquisition and $50M pro forma 2025 revenue guidance. TRNR is also ramping up efforts to combat potential illegal short-selling and provide frequent updates on operational developments. This move aligns with a broader trend of small-cap fitness and wellness companies scaling operations while navigating market manipulation concerns.

Peraso Inc. (NASDAQ: PRSO) Pioneering the 60 GHz mmWave Revolution in 5G & Military Defense is emerging as a key player in the mmWave semiconductor industry, specializing in high-speed, low-latency connectivity for AI, military defense, and telecommunications. As the only publicly traded pure-play mmWave company, Peraso's fully integrated 60 GHz technology is enabling next-gen applications in autonomous drones, 5G infrastructure, and secure military communications. With the rising demand for AI-driven networks, Peraso's innovative solutions are positioned to reshape global connectivity.

Power Metallic Mines, Inc. (TSXV: PNPN) (OTCQB: PNPNF) TSX's #1 Miner Expands Amid Strong Investor Demand. Power Metallic Mines, Inc., formerly Power Nickel, has increased its private placement to C$50 million, up from its originally planned C$40 million, due to overwhelming investor interest. The funding includes C$40 million in Quebec flow-through shares, reinforcing the company's position as a leader in critical minerals for battery technology and renewable energy. As one of the TSX Venture 50's top-performing mining stocks, Power Metallic Mines is well-positioned to capitalize on the global shift to energy metals. TSX Venture 50 [https://money.tmx.com/en/venture50]

These small-cap stocks under $2 are making headline-worthy moves, showcasing breakthrough technologies, strategic acquisitions, and strong investor backing across biotech, AI, and mining. With growing market traction, these companies are ones to watch in 2025 and beyond.

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