Breaks Categories: News

MondayFeb 03, 2025 8:55 am

NetworkNewsBreaks – Annovis Bio Inc. (NYSE: ANVS) Prices $21 Million Public Offering

Annovis Bio (NYSE: ANVS), a late-stage clinical drug platform company developing treatments for neurodegenerative diseases, has priced an underwritten public offering of 5.25 million shares of common stock and warrants at a combined price of $4 per share. The warrants, exercisable at $5 per share for five years, are expected to generate gross proceeds of $21 million before deducting expenses. ThinkEquity is the sole book-running manager. The offering is set to close Feb. 4, 2025, subject to customary conditions, with proceeds primarily allocated to working capital and further clinical development of its lead drug candidate, Buntanetap. To view the full…

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FridayJan 31, 2025 2:30 pm

NetworkNewsBreaks – Upstream’s Market Pools: A Leading-Edge Approach to Liquidity Management

Upstream published a blog today that discussed the powerful capabilities of its tools to unlock liquidity potential. “At Upstream, we’re committed to empowering issuers and investors with innovative tools that enhance market liquidity and create fair trading opportunities,” the blog reads. “One of these helpful tools, called Market Pools (‘MPs’), is our cutting-edge approach to automated liquidity management within Upstream’s blockchain-powered market. Market Pools support trading in stocks, other equities and real-world assets, so that investors may confidently buy or sell across a diverse range of assets that are listed on Upstream.” To view the full blog, visit https://nnw.fm/e2ggb About…

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FridayJan 31, 2025 12:45 pm

NetworkNewsBreaks – Trump Media & Technology Group Corp. (NASDAQ: DJT) Expands into FinTech with Truth.Fi Launch

Trump Media & Technology Group (NASDAQ: DJT), known for its media ventures, is expanding into the financial services and FinTech sector with the launch of Truth.Fi. This platform will focus on cryptocurrency and customized exchange-traded funds (“ETFs”). It will offer separately managed accounts, ETFs and bitcoin investments. Charles Schwab will provide advisory services on investments and strategy. Trump Media plans to invest up to $250 million of its $750 million assets with Schwab. The launch of Truth.Fi aligns with Trump Media’s broader strategy to create an ecosystem that protects Americans from threats like cancellation and censorship. CEO Devin Nunes emphasizes…

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FridayJan 31, 2025 9:50 am

NetworkNewsBreaks – Fusion Fuel Green PLC (Nasdaq: HTOO) Transfers to Nasdaq Capital Market for Compliance Extension

Fusion Fuel Green (Nasdaq: HTOO) announced its approval to transfer its Class A Ordinary Shares and publicly traded warrants from The Nasdaq Global Market to The Nasdaq Capital Market, effective Feb. 3, 2025. The move grants the company an additional 180 days, until July 28, 2025, to regain compliance with Nasdaq’s $1.00 minimum bid price requirement, with a potential reverse share split if necessary. Fusion Fuel also faces noncompliance with Nasdaq’s annual meeting requirement, having not held a shareholder meeting within 12 months of its fiscal year-end. CEO JP Backwell emphasized the transfer’s flexibility in executing strategic initiatives while maintaining…

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FridayJan 31, 2025 8:30 am

NetworkNewsBreaks – Thumzup (NASDAQ: TZUP) Expands Bitcoin Holdings to Over 19 BTC

Thumzup (NASDAQ: TZUP) announced that its board has approved allocating up to 90% of its surplus cash into Bitcoin as part of its "Treasury Asset Strategy" ("TAS"), first outlined Nov. 15, 2024. The company sees Bitcoin as a long-term store of value and a key asset class for financial stability and shareholder growth. CEO Robert Steele praised President Trump’s recent executive order on digital financial technology, which directs federal agencies to review and potentially rescind cryptocurrency regulations. Thumzup also plans to begin paying gig-economy workers in Bitcoin in the coming weeks while ensuring compliance with applicable regulations. To view the…

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ThursdayJan 30, 2025 2:25 pm

NetworkNewsBreaks – U.S. Energy Corp. (NASDAQ: USEG) Secures $12.1M in Underwritten Public Offering

U.S. Energy (NASDAQ: USEG) has announced the closing of its underwritten public offering of 4,871,400 shares of its common stock, which included 635,400 shares sold pursuant to the exercise in full of the over-allotment option, par value $0.01 per share, at a public offering price of $2.65 per share. U.S. Energy secured approximately $12.1 million in total net proceeds, which it intends to use to fund growth capital for its industrial gas development project, including new industrial gas wells and processing plant and equipment, and to support upcoming operations. In addition, the proceeds received from the exercise of the over-allotment…

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ThursdayJan 30, 2025 2:25 pm

NetworkNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Featured in New Video Series by Allan Barry Laboucan

McEwen Mining (NYSE: MUX) (TSX: MUX), an asset rich diversified gold and silver producer with a large exposure to copper through its McEwen Copper subsidiary, was recently featured in a new video series launched by Allan Barry Laboucan called “Insights into Drilling.” Allan has spent 30 years of his life watching drill results, drill programs, drill models and reasons for drilling. He sees it as the lifeblood of the mining business. In an email to subscribers introducing the first video of the series, he wrote, “McEwen Mining has catalysts from their world-class copper development project, strong improvement to their bottom…

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ThursdayJan 30, 2025 1:40 pm

NetworkNewsBreaks – Meta Platforms Inc. (NASDAQ: META) Surpasses Market Expectations with Strong Q4 Earnings

Meta (NASDAQ: META) is a leading technology company known for its popular social media platforms, Facebook and Instagram. The company recently reported its fourth-quarter earnings for 2024, surpassing market expectations. Meta achieved earnings per share (“EPS”) of $8.02, exceeding the analyst estimate of $6.76. The company’s revenue for the quarter reached $48.39 billion, surpassing the anticipated $46.99 billion. Meta’s strong performance is largely attributed to advancements in artificial intelligence (“AI”), which have significantly bolstered its core advertising business. The Family of Apps, which includes Facebook, Instagram, WhatsApp, and Messenger, generated total revenue of $47.3 billion, marking a year-over-year increase from…

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ThursdayJan 30, 2025 11:50 am

NetworkNewsBreaks – Sharps Technology Inc. (NASDAQ: STSS) Secures $20M in Underwritten Public Offering

Sharps (NASDAQ: STSS), an innovative medical device and pharmaceutical packaging company offering patented, best-in-class syringe products, has announced the closing of its firm commitment underwritten public offering. The company secured approximately $20.0 million in gross proceeds from the offering that closed on Jan. 29, 2025. The company granted Aegis Capital Corp. a 45-day option to purchase additional shares of common stock and/or warrants as detailed in the announcement. Aegis acted as the sole book-running manager for the offering. Sichenzia Ross Ference Carmel LLP acted as counsel to the company, and Kaufman & Canoles, P.C. acted as counsel to Aegis. To…

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ThursdayJan 30, 2025 11:41 am

NetworkNewsBreaks – A2Z Cust2Mate Solutions Corp. (NASDAQ: AZ) (FRA: A3CSQ) Prices $30M Public Offering, Concurrent Registered Direct

A2Z (NASDAQ: AZ) (FRA: A3CSQ) recently announced the pricing of an underwritten public offering of 3,281,250 common shares, each at a public offering price of $6.40, as well as a registered direct offering of 1,406,250 common shares, each at a purchase price of $6.40. The company expects total gross proceeds of $30 million from the offerings, of which it intends to use the net for working capital and continued development and expansion of existing business. This includes fulfilment of contracted smart cart backlog orders and acceleration of the onboarding process for new clients. Titan Partners Group, a division of American…

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