Breaks Categories: News

WednesdayMay 20, 2026 2:00 pm

NetworkNewsBreaks – Sunshine Biopharma Inc. (NASDAQ: SBFM) Closes $6 Million Public Offering 

Sunshine Biopharma (NASDAQ: SBFM) announced the closing of its previously announced public offering, generating approximately $6 million in gross proceeds before fees and expenses through the sale of 12 million common units, each including common stock or pre-funded warrants and two Series C warrants. The company said net proceeds will be used for general corporate purposes and working capital, with potential additional gross proceeds of approximately $12 million if the Series C warrants are fully exercised for cash, while Aegis Capital acted as exclusive placement agent. To view the full press release, visit https://nnw.fm/1nHuT About Sunshine Biopharma Inc. Sunshine Biopharma currently markets 60 generic prescription drugs in…

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WednesdayMay 20, 2026 1:08 pm

NetworkNewsBreaks – SoundHound AI, Inc. (NASDAQ: SOUN) Reports 52% Revenue Growth in First Quarter, Advances Agentic AI Strategy 

SoundHound AI (NASDAQ: SOUN) reported first-quarter 2026 revenue of $44.2 million, up 52% year over year, while reaffirming full-year revenue guidance of $225 million to $260 million and ending the quarter with $216 million in cash and no debt. The company said core automotive and IoT AI revenue grew 88% excluding acquisitions, reflecting continued demand across its voice and agentic AI business. During the quarter, SoundHound launched its OASYS self-learning agentic AI platform and announced its planned acquisition of LivePerson, a move expected to expand its enterprise footprint and create a projected $500 million revenue opportunity. The company also highlighted customer expansion across automotive, restaurants,…

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WednesdayMay 20, 2026 12:51 pm

NetworkNewsBreaks – Ring Energy, Inc. (NYSE American: REI) Prices $60 Million Public Offering to Reduce Debt 

Ring Energy (NYSE American: REI) announced the pricing of its underwritten public offering of 44,444,445 shares of common stock at $1.35 per share, generating expected gross proceeds of approximately $60 million, excluding any exercise of the underwriters’ option to purchase additional shares. The company said net proceeds will primarily be used to repay outstanding borrowings under its senior secured revolving credit facility, with any remaining funds allocated to general corporate purposes, while Mizuho, BofA Securities and Raymond James are serving as joint book-running managers for the offering. To view the full press release, visit https://nnw.fm/qO4aA About Ring Energy, Inc. Ring Energy, Inc. is a growth oriented independent oil and…

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WednesdayMay 20, 2026 12:38 pm

NetworkNewsBreaks – Datavault AI Inc. (NASDAQ: DVLT) Forms DelivMeds AI Venture Through Wellgistics Partnership and Strategic Acquisitions 

Datavault AI (NASDAQ: DVLT) announced a binding term sheet with Wellgistics Health (NASDAQ: WGRX) to create DelivMeds AI, a healthcare platform combining AI-driven pharmacy optimization, blockchain-enabled smart contracts, biometric verification and direct-to-consumer healthcare delivery through three concurrent transactions, including an expanded PharmacyChain(TM) license, acquisition of QOLPOM intellectual property and a controlling stake in Tollo Health. The combined transactions carry an expected approximate asset value of $4 billion, subject to an independent fairness opinion, and are intended to support a national rollout of data-driven healthcare delivery and patient engagement solutions. To view the full press release, visit https://nnw.fm/LpU5h About Datavault AI Datavault AI(TM) (NASDAQ: DVLT) is leading the way in AI-driven data experiences, valuation,…

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WednesdayMay 20, 2026 12:20 pm

NetworkNewsBreaks – SPARC AI Inc. (CSE: SPAI) (OTCQB: SPAIF) (Frankfurt: 5OV0) Partners With Rate Manufacturing on GPS-Denied Drone Capability 

This article has been disseminated on behalf of SPARC AI Inc.  and may include paid advertising.  SPARC AI (CSE: SPAI) (OTCQB: SPAIF) (Frankfurt: 5OV0) announced a strategic partnership with U.S.-based defense manufacturer Rate Manufacturing to integrate its Overwatch platform into Rate’s Model-F multi-mission drone systems and future platforms. The collaboration aims to deliver scalable drone capabilities for contested environments by combining Rate’s cost-effective hardware with SPARC AI’s software-only positioning and targeting technology designed to maintain operational accuracy when GPS or GNSS signals are degraded or denied. To view the full press release, visit https://nnw.fm/bGi5K About SPARC AI Inc. SPARC AI is a defence technology company solving one of the most…

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WednesdayMay 20, 2026 12:10 pm

NetworkNewsBreaks – Cardio Diagnostics Holdings, Inc. (NASDAQ: CDIO) CEO Highlights Growth Strategy, India Expansion on BioMedWire Podcast 

Cardio Diagnostics Holdings (NASDAQ: CDIO), took the spotlight in the latest episode of The BioMedWire Podcast, featuring CEO and Co-Founder Dr. Meesha Dogan discussing the company’s mission to improve cardiovascular disease prevention and early detection through precision medicine powered by epigenetics, genetics and artificial intelligence. During the interview, Dogan also highlighted Cardio Diagnostics’ expansion into India through partnerships with Aimil Ltd. and Dr. Lal PathLabs, as well as the company’s progress through the Medicare reimbursement process, noting that CPT coding and payment steps have been completed while coverage determination remains underway. To view the full press release, visit https://nnw.fm/cVUXn About Cardio Diagnostics Cardio Diagnostics is an artificial intelligence-powered precision…

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WednesdayMay 20, 2026 11:15 am

NetworkNewsBreaks – Quarterhill Inc. (TSX: QTRH) (OTCQX: QTRHF) Secures $60 Million Credit Facility to Support Growth Strategy

This article has been disseminated on behalf of Quarterhill Inc. and may include paid advertising. Quarterhill (TSX: QTRH) (OTCQX: QTRHF) announced a new $60 million senior secured credit facility with U.S. Private Credit Investments, a division of BTG Pactual Global Alternatives, comprising term loan, delayed draw and revolving credit components to refinance existing obligations, redeem convertible debentures and support working capital. The company also established a $100 million uncommitted accordion to support potential acquisition opportunities, while ATB Cormark Capital Markets and Roth Canada served as exclusive advisors in arranging the financing. To view the full press release, visit https://nnw.fm/GAMfw About Quarterhill…

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WednesdayMay 20, 2026 10:40 am

NetworkNewsBreaks – Ideal Power Inc. (NASDAQ: IPWR) Secures $30 Million Financing to Accelerate B-TRAN Commercialization

Ideal Power (NASDAQ: IPWR) announced a definitive agreement with institutional investors for a $30 million registered direct offering priced at the market under Nasdaq rules, with proceeds expected to support commercialization of its B-TRAN(R) bidirectional semiconductor power switch, including customer design-ins, custom development programs and initial production ramp efforts with strategic partners. Titan Partners, a division of American Capital Partners, is acting as sole placement agent for the financing, which the company said strengthens its balance sheet as it pursues growing opportunities tied to power efficiency demand across data center and industrial markets. To view the full press release, visit…

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WednesdayMay 20, 2026 9:40 am

NetworkNewsBreaks – Nevada Organic Phosphate Inc. (CSE: NOP; OTCQB: NOPFF) Reports Preliminary Drill Results From Murdock Mountain Project

This article has been disseminated on behalf of Nevada Organic Phosphate Inc. and may include paid advertising. Nevada Organic Phosphate (CSE: NOP; OTCQB: NOPFF) reported encouraging preliminary observations from drill hole MM26-7 at its wholly owned Murdock Mountain property in Nevada, where the hole intersected an apparent 39 meters of the target Meade Peak stratigraphy, consistent with results from prior drilling. The company said laboratory assays will be needed to confirm true thickness and phosphate content within the Upper Phosphatic Zone, while drilling continues with MM26-8 and updated mapping and collar survey data expected in a future release. To view…

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WednesdayMay 20, 2026 9:30 am

NetworkNewsBreaks – Safe Pro Group Inc. (NASDAQ: SPAI) Advances Edge AI Threat Detection Collaboration With Lantronix

Safe Pro Group (NASDAQ: SPAI) announced progress in its AI-powered threat detection collaboration with Lantronix (Nasdaq: LTRX), marking a milestone in integrating Safe Pro’s SPOTD AI technology with Lantronix’s System-on-Module platform for real-time robotic edge processing. Following a 120-day development cycle, the collaboration positions the solution for broader deployment across next-generation autonomous air, ground and sea platforms, expanding Safe Pro’s reach in defense and commercial markets through edge-native AI processing that eliminates cloud dependence. To view the full press release, visit https://nnw.fm/6tWqk About Safe Pro Group Inc. Safe Pro Group Inc. (Nasdaq: SPAI) is a mission-driven technology company delivering AI-enabled…

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