Breaks Categories: News

MondayJan 13, 2025 12:47 pm

NetworkNewsBreaks – PayPal Holdings Inc. (NASDAQ: PYPL) Surpasses S&P 500 with Impressive Annual Growth

In 2024, PayPal (NASDAQ: PYPL) saw its shares rise by 39%, marking a significant achievement for the financial technology company. This growth allowed PayPal to outperform the S&P 500, which had a return of 23.3% during the same period. This is the first time in three years that PayPal has surpassed the S&P 500 in annual returns. Despite this impressive annual performance, PayPal’s current stock price is $83.01, reflecting a slight decrease of $0.35, or approximately -0.42%. The stock has traded between $81.79 and $83.43 today, indicating some volatility. Over the past year, PayPal’s stock has reached a high of…

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MondayJan 13, 2025 12:13 pm

NetworkNewsBreaks – Fusion Fuel Green PLC (NASDAQ: HTOO) Secures $1.28M Convertible Notes Placement and $25M Equity Line for Growth

Fusion Fuel Green (NASDAQ: HTOO), a provider of energy engineering and advisory solutions, announced the closing of a $1.28 million senior convertible notes private placement and an agreement for a $25 million equity line of credit with institutional investors. The notes, issued at a 20% original issue discount, mature in July 2026 with an 8% annual interest rate and include warrants offering 100% equity coverage. The equity line of credit allows Fusion Fuel to sell up to $25 million in Class A ordinary shares at its discretion, contingent on SEC registration, market conditions, and regulatory compliance. CEO John-Paul Backwell highlighted…

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MondayJan 13, 2025 11:31 am

NetworkNewsBreaks – SuperCom Ltd. (NASDAQ: SPCB) Expands U.S. Presence with GPS and Domestic Violence Monitoring Contract in Alabama

SuperCom (NASDAQ: SPCB), a global provider of secure solutions for the e-Government, Internet of Things ("IoT"), and cybersecurity sectors, announced it has secured an electronic monitoring ("EM") contract with a Juvenile Probation Agency in Ohio. This marks SuperCom's first project in the state and its sixth new U.S. market entry since summer 2024, as well as its 20th new EM contract during the same period, highlighting its expansion in delivering innovative public safety solutions. The project will utilize SuperCom's PureOne technology, which offers real-time GPS tracking, secure communication, and compliance tools in a discreet, humane design to support rehabilitation and…

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MondayJan 13, 2025 10:50 am

NetworkNewsBreaks – D-Wave Quantum Inc. (NYSE: QBTS) Projects Approximately 120% Growth in 2024 Bookings, Secures First Advantage™ System Customer Sale

D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”) announced that fiscal 2024 bookings will exceed $23 million, an approximately 120% increase from 2023, and fiscal Q4 bookings reached at least $18 million, an approximately 500% rise from $3 million in Q4 2023 bookings. The company also secured its first customer purchase of a D-Wave Advantage annealing quantum computing system, the world’s largest quantum computer with over 5,000 qubits, marking a significant expansion in its revenue model by including on-premise system sales alongside its Leap™ quantum cloud service. D-Wave ended fiscal 2024 with a record approximately $178 million in cash. To view the…

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MondayJan 13, 2025 7:30 am

NetworkNewsBreaks – Calidi Biotherapeutics Inc. (NYSE American: CLDI) Prices $4.25 Million Public Offering

Calidi Biotherapeutics (NYSE American: CLDI), a clinical-stage biotechnology company focused on targeted immunotherapies, has priced its public offering of 5,000,000 shares of common stock at $0.85 per share, with gross proceeds expected to total approximately $4.25 million before fees and expenses. The offering, exclusively placed by Ladenburg Thalmann & Co. Inc., is set to close on or around Jan. 10, 2025, subject to customary conditions. Proceeds will support working capital and general corporate purposes. The shares are offered under an effective Form S-3 registration statement, with a final prospectus available on the SEC's website or through Ladenburg Thalmann. To view…

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FridayJan 10, 2025 2:37 pm

NetworkNewsBreaks – Quantum Computing Inc. (NASDAQ: QUBT) Announces $100M Private Placement

Quantum Computing (NASDAQ: QUBT) ("QCi"), an innovative, integrated photonics and quantum optics technology company, recently announced its entry into securities purchase agreements with institutional investors for the purchase and sale of 8,163,266 shares of common stock in a private placement at a purchase price of $12.25 per share. The company expects gross proceeds of $100 million from the offering, of which it intends to use the net for working capital and general corporate purposes. With anticipated net proceeds, combined with existing cash reserves, Quantum Computing expects to have sufficient resources to continue advancing and expanding the development and manufacturing of…

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FridayJan 10, 2025 2:21 pm

NetworkNewsBreaks – Alphabet Inc.’s (NASDAQ: GOOGL) Financial Contribution and Stock Performance

Alphabet (NASDAQ: GOOGL, GOOG), through Google, has made headlines with its recent financial contribution to Donald Trump’s inauguration. The company has pledged $1 million, a substantial increase from its 2017 donation. This move places Google alongside other tech giants like Amazon and Meta in supporting the event. The increased donation from Google, more than triple its previous contribution, underscores the company’s growing financial involvement in political events. This aligns with a broader trend among major tech companies to engage more actively in political and social initiatives. Such contributions can influence public perception and potentially impact regulatory relationships. On the financial…

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FridayJan 10, 2025 1:45 pm

NetworkNewsBreaks – AEON Biopharma Inc. (NYSE: AEON) Secures $20M in Underwritten Public Offering

AEON Biopharma (NYSE: AEON), a clinical-stage biopharmaceutical company focused on developing a botulinum toxin complex under a 351(k) biosimilar pathway, has announced the closing of its firm commitment underwritten public offering. AEON secured approximately $20.0 million in gross proceeds from the offering, of which it intends to use the net, together with its existing cash, for general corporate purposes and working capital. As detailed in the announcement, the company granted Aegis Capital Corp. a 45-day option to purchase additional shares of common stock and/or warrants to cover over-allotments, if any. On Jan. 7, Aegis exercised its over-allotment option with respect…

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FridayJan 10, 2025 11:06 am

NetworkNewsBreaks – Brera Holdings PLC (NASDAQ: BREA) Expands Stake in Italian Serie B Club Juve Stabia

Brera Holdings (NASDAQ: BREA) has increased its ownership in SS Juve Stabia, known as “The Second Team of Naples,” from 21.74% to 34.62% following the second closing of its acquisition agreement with XX Settembre, the holding company of Club President Andrea Langella. The Ireland-based international holding company, focused on a multi-club ownership ("MCO") strategy, aims to further solidify its presence in the Italian football landscape. Executive Chairman Daniel McClory highlighted the expanded stake as a step toward scaling Brera’s MCO platform and supporting Juve Stabia’s growth in Serie B. The transaction is pending regulatory approval. To view the full press…

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FridayJan 10, 2025 10:51 am

NetworkNewsBreaks – Thumzup Media Corp. (NASDAQ: TZUP) Launches Support Program for LA Wildfire-Affected Businesses

Thumzup (NASDAQ: TZUP) announced a $10,000 support program to help small businesses impacted by recent Los Angeles wildfires. The initiative offers up to $200 in Thumzup credits per location, enabling businesses to pay customers cash for social media posts on Instagram and X (formerly Twitter) to promote their operations. Existing customers can contact their Thumzup representative for credits, while new users can apply online. CEO Robert Steele emphasized the company's commitment to aiding recovery and empowering local businesses through its platform, which transforms customers into brand advocates during challenging times. To view the full press release, visit https://nnw.fm/jBYJ7 About Thumzup® Thumzup…

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