News Archives - Page 148 of 1253

FridayJun 16, 2023 10:55 am

NetworkNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Corrects Shareholder Letter to Reflect $0.38 Per Share

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, has released a letter to its shareholders designed to address the decrease in the company’s share price. The letter noted that earlier this week, the company’s common stock closed at $0.32 per share, down 90% since the end of March. The company currently trades at a discount to its current cash position of $135 million or $0.38 per share. The letter noted several key factors, including $86.7 million of cash available to operations and $0.68 of cash value per share as of March 31, 2023, and the completion of two…

FridayJun 16, 2023 10:25 am

NetworkNewsBreaks – CISO Global Inc. (NASDAQ: CISO) Featured in Equity Research Report

CISO Global (NASDAQ: CISO), an industry leading cybersecurity and compliance provider, was featured in a recent equity research report published by Cantor Fitzgerald. The report, titled “Consistent 1Q23 Execution Adjusting for Non-Cash Related Charges/Noise,” adjusts Cantor’s 12-month price target to $1 from $2 due to volatile trading conditions while emphasizing CISO’s consistent business execution and its solid start to 2023. The publication reads, “As the focus in 2023 is on profitable growth, free cash flow was at -$2.3M, an improvement of over half a million dollars q/q and by +$800K better versus 1Q22. We attribute the FCF improvement realized to…

ThursdayJun 15, 2023 3:02 pm

NetworkNewsBreaks – Knightscope, Inc. (NASDAQ: KSCP) K5 ‘Patrol Bot’ to Boost Security Operations at Traverse Point

Knightscope (NASDAQ: KSCP), a leading developer of autonomous security robots and blue light emergency communication systems, announced that Traverse Point Condominiums in Henderson, Nevada, signed a contract for its K5 Autonomous Security Robot (“ASR”) subscription service. The announcement reads, “Traverse Point is a gated community offering easy access to the finest shopping centers, dining and recreational activities... Just minutes from the strip, the Traverse Point lifestyle combines exceptional elegant living with the excitement and attractions that the world’s entertainment capital has to offer. “This community will soon benefit from Knightscope’s high-tech robot patrol along with Knightscope+ remote monitoring, adding to…

ThursdayJun 15, 2023 1:21 pm

NetworkNewsBreaks – CAVA Group Inc. (NYSE: CAVA) Featured in Forbes Article

CAVA Group (NYSE: CAVA), which opened for trading at $42 per share today, is a Mediterranean fast-casual restaurant that had priced its IPO at $22 per share on Wednesday, which was a boost from the initial $17 to $19 range. The company was featured in a recent Forbes article, written by David Trainer, which speculates on the company’s IPO valuation. “CAVA Group (CAVA) raised its planned IPO valuation from $1.5 billion to $2.2 billion... I originally warned investors about the dangers of investing in the CAVA IPO on May 25, 2023. It appears most investors did not heed my advice;…

ThursdayJun 15, 2023 1:18 pm

NetworkNewsBreaks – Astra Energy Inc. (ASRE) Subsidiary Partners with Phambili to ‘Process MSW, Create Valuable Commodities’

Astra Energy (OTC: ASRE), a renewable and waste-to-energy project developer and technology acquisition company, through its subsidiary Astra Energy California Inc., has entered into a partnership agreement with Phambili USA. Phambili solidifies municipal solid waste (“MSW”) and organic waste processing to a nonwaste material and refinement to valuable market commodities, such as sustainable aviation fuel (“SAF”). The two companies will collaborate to combine total waste processing using Regreen Technologies Inc.’s energy pellets with the Phambili conversion unit to further refine into finished marketable commodities for global distribution. According to the announcement, the collaboration leverages combined technologies from both companies to…

ThursdayJun 15, 2023 12:13 pm

NetworkNewsBreaks – Electronic Servitor Publication Network Inc. (XESP) Expands Channel Partner Program to Add IBN

Electronic Servitor Publication Network (OTCQB: XESP), a technology innovator driving growth for companies by maximizing digital interactions, today announced a new channel partner with the addition of IBN (Investor Brand Network), a multifaceted financial news and publishing company for private and public entities. According to the update, the arrangement expands the XESP Channel Partner Program (announced in April 2023), allowing digital and traditional agencies focused on providing market-specific content and digital strategies to offer XESP’s “powered by the Digital Engagement Engine(TM)” as a co-branded service to their customers. “We are excited to partner with an experienced industry leader that has…

ThursdayJun 15, 2023 12:06 pm

NetworkNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Releases Shareholder Letter Featuring Status Update

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, has issued a shareholder letter providing a business update and responding to questions regarding the company’s share price, which has declined significantly since March 31, 2023; the company currently trades at a discount to its current cash position of $135 million, or $.038 per share. The letter noted that the company anticipates meeting previously announced objectives regarding the production and sales of its class 3 commercial vehicles; management also noted that the company has completed two acquisitions, which have added “valuable, unencumbered assets to the balance sheet.” Those assets include…

ThursdayJun 15, 2023 10:11 am

NetworkNewsBreaks – CNS Pharmaceuticals Inc. (NASDAQ: CNSP) Announces Participation in Upcoming Maxim Group Virtual Healthcare Conference

CNS Pharmaceuticals (NASDAQ: CNSP), a biopharmaceutical company specializing in the development of novel treatments for primary and metastatic cancers in the brain and central nervous system, will be featured in an upcoming webcast fireside chat. The company announced that CEO John Climaco will present at the Healthcare Virtual Conference Part II; the event is presented by Maxim Group LLC and hosted by M-Vest. Climaco’s live, online presentation is slated for 2:30 p.m. ET June 21, 2023. The announcement noted that this year’s conference is focused on opportunities in the healthcare sector being driven by the exponential growth in knowledge and…

WednesdayJun 14, 2023 12:10 pm

NetworkNewsBreaks – Hillcrest Energy Technologies Ltd. (CSE: HEAT) (OTCQB: HLRTD) (FRA: 7HIA.F) Announces Completion of First ZVS-Enabled Power Module for EV Space

Hillcrest Energy Technologies (CSE: HEAT) (OTCQB: HLRTD) (FRA: 7HIA.F), a pioneering clean-technology company offering transformative power-conversion technologies and state-of-the-art control system solutions, has completed the design phase for the industry's first silicon carbide (“SiC”) power module optimized for Hillcrest's proprietary Zero Voltage Switching (“ZVS”) technology. According to the company, the ZVS-enabled power modules are designed to provide offer increased levels of power density, system efficiency, performance and reliability for EV applications up to 1,000 volts; the modules could reduce and possibly eliminate the need for EMI filters and shielding, saving manufacturers hundreds of dollars per vehicle and reducing the overall weight…

WednesdayJun 14, 2023 11:57 am

NetworkNewsBreaks – Reunion Gold Corporation (TSX.V: RGD) (OTCQX: RGDFF) Reports on Annual Meeting Results, Releases Pit-Constrained Mineral Resource Estimate

Reunion Gold (TSX.V: RGD) (OTCQX: RGDFF) is reporting on its recent Annual General and Special Meeting of Shareholders, which was held June 13, 2023. During the meeting, shareholders elected nine individuals to serve on the company's board of directors. Those individuals are David Fennell, Rick Howes, Elaine Bennett, Pierre Chenard, Richard Cohen, Adrian Fleming, Réjean Gourde, Vijay Kirpalani and Fred Stanford. Shareholders also approved the reappointment of Raymond Chabot Grant Thornton LLP as auditors and voted to continue the company’s amended and restated share option plan. In addition, shareholders approved a by-law including advance notice provisions related to the nomination of…

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