News Archives - NetworkNewsWire

MondaySep 16, 2024 2:57 pm

NetworkNewsBreaks – Owlet Inc. (NASDAQ: OWLT) Secures $46.6M in Public Offering and Debt Refinancing

Owlet Inc. (NASDAQ: OWLT), a leader in smart infant monitoring, on Friday announced that it has successfully closed its public offering, raising $11.6 million from the sale of 3,135,136 shares of Class A common stock. Additionally, the company secured up to $35 million through a debt refinancing arrangement with Western Technology Investment and Mountain Ridge Capital, which includes a term loan facility and a revolving line of credit. These financial moves are expected to provide Owlet with increased capital and flexibility to support general corporate needs and future growth. To view the full press release, visit https://nnw.fm/WDRMQ About Owlet Inc.…

MondaySep 16, 2024 2:02 pm

NetworkNewsBreaks – Snap Inc. (NYSE: SNAP) Joins Forces with Meta and TikTok Thrive to Combat Harmful Online Content

Snap (NYSE: SNAP), Meta Platforms Inc. (NASDAQ: META) and TikTok have taken a significant step towards addressing the growing concerns around the impact of social media on mental health by joining the Thrive initiative. This collaboration, as highlighted by TechCrunch, is spearheaded by the Mental Health Coalition (“MHC”) and aims to curb the spread of suicide and self-harm content online. Thrive’s innovative approach involves the use of a hashing system that allows platforms to identify and act on harmful content without compromising user privacy. This initiative is particularly timely, given the increasing scrutiny social media companies face regarding their role…

MondaySep 16, 2024 11:55 am

NetworkNewsBreaks – SuperCom Ltd. (NASDAQ: SPCB) Regains Compliance with Nasdaq Listing Rule 5550(a)(2)

SuperCom Ltd. (NASDAQ: SPCB), a global provider of secure solutions for the e-Government, IoT, and cybersecurity sectors, today announced that it received a notice from the Nasdaq Stock Market LLC. The notice stated that the company has regained compliance with Nasdaq’s minimum bid price requirement, as stipulated in Listing Rule 5550(a)(2), and will continue trading on Nasdaq. To view the full press release, visit https://nnw.fm/hpiiV About SuperCom Since 1988, SuperCom has been a global provider of traditional and digital identity solutions, providing advanced safety, identification, and security solutions to governments and organizations, both private and public, worldwide. Through its proprietary…

MondaySep 16, 2024 10:54 am

NetworkNewsBreaks – Clene Inc. (NASDAQ: CLNN) Announces Upcoming In-Person FDA Meeting to Discuss CNM-Au8

Clene (NASDAQ: CLNN), a late clinical-stage biopharmaceutical company focused on improving mitochondrial health and protecting neuronal function to treat neurodegenerative diseases, will be meeting in-person with the U.S. Food and Drug Administration (“FDA”) before the end of November 2024. The company announced that the meeting, which will focus on discussions about the development of the company’s proprietary CNM-Au8 for the treatment of amyotrophic lateral sclerosis (“ALS”), will include key FDA representatives, including the organization’s director of the Office on New Drugs and director of the Office of Neuroscience, as well as the Division of Neurology 1 (“DN1”) review team and key…

MondaySep 16, 2024 10:32 am

NetworkNewsBreaks – Tonix Pharmaceuticals Holding Corp. (NASDAQ: TNXP) Reports TNX-801 Aligns with WHO Preferred TPP for Mpox Vaccines

Tonix Pharmaceuticals (NASDAQ: TNXP), a fully integrated biopharmaceutical company with marketed products and a pipeline of development candidates, is reporting that the World Health Organization’s (“WHO”) preferred target product profile (“TPP”) aligns with the characteristics of its proprietary TNX-801 (horsepox, live virus) vaccine; Tonix is developing the vaccine for mpox (formerly known as monkeypox). WHO released the TPP at the Mpox Research and Innovation Scientific Conference, which was held Aug. 29–30, 2024, According to the announcement, key elements of the WHO draft TPP include single-dose, durable protection, administration without special equipment and stability at ambient temperature. “The characteristics of TNX-801…

MondaySep 16, 2024 9:49 am

NetworkNewsBreaks – Platinum Group Metals Ltd. (TSX: PTM) (NYSE American: PLG) Reports on Updated Independent Definitive Feasibility Study for Waterberg Mine

Platinum Group Metals (TSX: PTM) (NYSE American: PLG), operator of the Waterberg Project, a bulk underground platinum group metals (“PGM”) deposit located on the northern limb of the Bushveld Complex in South Africa, is reporting positive results from an Independent Definitive Feasibility Study Update (“2024 DFS”) for the Waterberg Mine. The study was completed by a team of specialists, including international engineering entity Stantec Consulting International Ltd. and South African engineering firm DRA Projects SA (Pty) Ltd. The 2024 DFS is an update to the Waterberg Project's original Independent Definitive Feasibility Study published in September 2019 (“2019 DFS”). According to…

MondaySep 16, 2024 9:35 am

NetworkNewsBreaks – Scinai Immunotherapeutics Ltd. (NASDAQ: SCNI) Schedules Virtual Panel Discussion on Plaque Psoriasis, Its Promising Novel Solution

Scinai Immunotherapeutics (NASDAQ: SCNI), a biopharmaceutical company focused on developing inflammation and immunology (“I&I”) biological products and providing CDMO services through its Scinai Bioservices business unit, today announced plans to host a scientific webinar to discuss the plaque psoriasis landscape, current treatment methods, and existing unmet needs in treating mild to moderate plaque psoriasis. The virtual panel discussion will also explore intralesional injections of the company’s novel anti-IL-17A/F VHH single domain VHH antibodies as a promising solution. Other topics will include an introduction to single domain VHH antibodies and the company’s pipeline, with panelists also reviewing the biological drug development…

FridaySep 13, 2024 3:44 pm

NetworkNewsBreaks – Upstream Discusses Current Global Blockchain Regulatory Landscape, Trends in Latest Article

Upstream, a MERJ Exchange market and trading app, published a blog article today that discussed U.S. policy and how it potentially impacts global blockchain adoption. The article highlighted that uncertainty surrounding regulatory frameworks affects innovation, deters retail and institutional adoption, and creates a state of limbo for innovators and businesses alike. It further discussed countries like Japan, Singapore, Switzerland, Canada, and South Korea that have taken proactive steps to advance blockchain technology through policies, regulations, and initiatives. In contrast, the U.S. lacks clearer blockchain securities regulations, a situation that continues to impede the potential growth of the blockchain securities industry…

FridaySep 13, 2024 1:28 pm

NetworkNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) to Effect 1-for-100 Reverse Stock Split

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced that it will implement a 1-for-100 reverse stock split of its common stock, par value $0.001 per share, automatically combining and converting 100 current shares of its common stock into one issued and outstanding share of common stock. The reverse stock split, approved by the company’s stockholders and the board of directors, will take effect on September 17, 2024, at 12:01 a.m. ET. Following the split, the new CUSIP number will be 62526P505, with Mullen’s common stock trading on a split-adjusted basis under the existing ticker symbol MULN.…

FridaySep 13, 2024 12:47 pm

NetworkNewsBreaks – SMX (Security Matters) Public Limited Company (NASDAQ: SMX) Closes $5.35 Million Private Placement

SMX (Security Matters) Public Limited Company (NASDAQ: SMX) on Thursday announced its completion of a private placement of approximately $5.35 million, consisting of Common Units and Pre-Funded Units at $1.00 per unit. The placement included Series A and Series B warrants, with Aegis Capital Corp. acting as the lead placement agent and ClearThink Securities as co-agent. The company plans to use the proceeds for corporate purposes and working capital, with 20% held in escrow for potential obligations under the terms of the warrants. To view the full press release, visit https://nnw.fm/oSCq5 About SMX (Security Matters) Public Limited Company As global…

Financial news and publishing for public and private companies

Contact us: 212.418.1217

Breaks Categories: News