Breaks Categories: News

TuesdayJan 07, 2025 1:44 pm

NetworkNewsBreaks – SolarBank Corp. (NASDAQ: SUUN) (CSE: SUNN) (NEO: SUNN) (FSE: GY2) Secures $25.8M Finance Facility

SolarBank (NASDAQ: SUUN) (CSE: SUNN) (NEO: SUNN) (FSE: GY2) announced that its subsidiary has secured the financial closing of a combined project loan in a principal amount of $25.8 million from Royal Bank of Canada. The loan will be used for the construction, operation and maintenance of two 4.99 MW Battery Energy Storage System (“BESS”) projects to be located in Ontario, with project names SFF 06 and 903, respectively. According to the announcement, the projects are owned by 1000234763 Ontario Inc., which is the borrower under the terms of the loan. The projects represent SolarBank's initial foray into battery energy…

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TuesdayJan 07, 2025 1:30 pm

NetworkNewsBreaks – PSQ Holdings Inc. (NYSE: PSQH) Secures $36.2M in Registered Direct

PSQ Holdings (NYSE: PSQH) is America's leading commerce and payments ecosystem valuing life, family and liberty. The company recently announced its entry into definitive agreements for the purchase and sale of an aggregate of 7,813,931 shares of its Class A common stock, each at a price of $4.63, in a registered direct offering for gross proceeds of approximately $36.2 million. Roth Capital Partners acted as sole placement agent for the offering. For more information, visit https://nnw.fm/fiN9v About PublicSquare PublicSquare is America’s leading commerce and payments ecosystem, valuing life, family and liberty. PublicSquare operates under three segments: Marketplace, Financial Technology and…

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TuesdayJan 07, 2025 1:29 pm

NetworkNewsBreaks – Meta Platforms Inc. (NASDAQ: META) Adjusts Content Moderation Strategy

Meta (NASDAQ: META), the parent company of social media giants Facebook and Instagram, is making significant changes to its content moderation strategy. The company, led by CEO Mark Zuckerberg, has decided to end its fact-checking program on these platforms. This decision aligns with Meta’s commitment to promoting “free speech” and fostering open dialogue among users. In place of the fact-checking program, Meta plans to introduce a “Community Notes” feature. This feature is similar to one already available on X, aiming to engage users in content moderation. This shift reflects Meta’s ongoing efforts to balance the need for content moderation with…

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TuesdayJan 07, 2025 1:10 pm

NetworkNewsBreaks – Annovis Bio Inc. (NYSE: ANVS) Announces Streamlined Pathway to Advance Buntanetap for AD

Annovis Bio (NYSE: ANVS), a late-stage clinical drug platform company pioneering transformative therapies for neurodegenerative diseases such as Alzheimer’s disease (“AD”) and Parkinson’s disease (“PD”), today announced that the FDA has accepted an updated protocol for the pivotal Phase 3 AD study, which is slated to begin in January 2025. In October 2024, the FDA granted clearance for Annovis to proceed with the pivotal Phase 3 AD studies based on its Phase 2/3 data demonstrating cognitive improvement in early-stage AD patients. The original protocol design proposed two separate trials that are now integrated into a single 6/18-month trial under the…

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TuesdayJan 07, 2025 10:58 am

NetworkNewsBreaks – D-Wave Quantum Inc. (NYSE: QBTS) to Highlight Quantum Computing Advances at Needham Growth Conference

D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leading quantum computing company, announced that it is participating in the 27th Annual Needham Growth Conference on Jan. 14, 2025. A fireside chat will feature CEO Dr. Alan Baratz and Needham senior analyst Quinn Bolton discussing D-Wave's advancements in quantum computing, its leadership in quantum optimization as a key use case, the growing application of its annealing technology in customer production environments, and the intersection of quantum computing and AI. To view the full press release, visit https://nnw.fm/QLzO7 About D-Wave Quantum Inc. D-Wave is a leader in the development and delivery of quantum…

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TuesdayJan 07, 2025 9:10 am

NetworkNewsBreaks – Massimo Group (NASDAQ: MAMO) Opens New Distribution Center in Illinois to Enhance Logistics

Massimo Group (NASDAQ: MAMO), a powersports and pontoon boat manufacturer, has opened its sixth U.S. distribution center in Edwardsville, Ill., aiming to strengthen its logistics network and improve service efficiency. The facility will serve as a Midwest hub, reducing fulfillment times and optimizing expenses for the company and its partners. With six strategically located centers, including sites in New Jersey, California, Georgia, and Texas, Massimo is positioned to meet rising demand for its products. CEO David Shan highlighted the facility as a milestone in supporting growing demand while ensuring timely and reliable delivery. To view the full press release, visit https://ibn.fm/ZyrUC…

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MondayJan 06, 2025 2:09 pm

NetworkNewsBreaks – Expion360 Inc. (NASDAQ: XPON) Secures $2.6M in Registered Direct Offering, Private Placement

Expion360 (NASDAQ: XPON), an industry leader in lithium-ion battery power storage solutions, has announced the closing of its registered direct offering and concurrent private placement with institutional investors. The company issued shares of common stock and pre-funded warrants in a registered direct offering. In a concurrent private placement, the company also issued to the same investors warrants to purchase common stock. Expion360 secured aggregate gross proceeds of approximately $2.6 million from both transactions, which were priced at the market under Nasdaq rules. Aegis Capital Corp. acted as exclusive placement agent for the offerings. Stradling Yocca Carlson & Rauth LLP acted…

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MondayJan 06, 2025 1:48 pm

NetworkNewsBreaks – Solaris Energy Infrastructure Inc. (NYSE: SEI) Announces $156M Underwritten Public Offering

Solaris Energy Infrastructure (NYSE: SEI) recently announced the pricing of its underwritten public offering of 6,500,000 shares of its Class A common stock, par value $0.01 per share, at a public offering price of $24.75 per share, for total net proceeds of approximately $156 million. In connection with the offering, Yorktown Energy Partners X, L.P., a selling stockholder of the company, has granted the underwriters the option to purchase up to an additional 975,000 shares of Class A common stock on the same terms and conditions within 30 days. The company intends to contribute all net proceeds from the offering…

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MondayJan 06, 2025 1:25 pm

NetworkNewsBreaks – Rumble Inc.’s (NASDAQ: RUM) Financial Journey and Tether’s Investment Impact

Rumble (NASDAQ: RUM) is a company that went public in 2022, aiming to build an internet infrastructure free from censorship. It competes with major players like YouTube and AWS. Despite its ambitious goals, Rumble has faced financial challenges, reporting a net loss of $116 million in 2023 and an additional $102 million in the first three quarters of 2024. Shares of RUM have recently reached 52-week highs, experiencing a remarkable 300% increase in value since their January lows. This surge is largely due to a substantial $775 million investment from Tether Limited, the company behind the stablecoin Tether (“USDT”). Tether…

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MondayJan 06, 2025 10:45 am

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

SuperCom (NASDAQ: SPCB) has secured a contract with an Alabama government agency to deploy its advanced GPS tracking and domestic violence monitoring solutions, marking the company's fifth state entry since August 2024 and its 10th U.S. contract in 60 days. The agreement includes the implementation of SuperCom's PureSecurity GPS Tracking and PureProtect technologies, which feature real-time location tracking and anti-tamper mechanisms. This milestone reflects rapid U.S. market acceptance of SuperCom's offender electronic monitoring technologies, contributing to public safety and offender accountability. CEO Ordan Trabelsi highlighted the U.S. market's growth potential, noting its size and operational efficiencies compared to Europe, as…

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