Breaks Categories: News

WednesdayDec 18, 2024 11:14 am

NetworkNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Reports $5.5M in EV Sales and Significant Cost Reductions

Mullen Automotive (NASDAQ: MULN) announced sales of 100 Class 1 and Class 3 electric cargo vans and trucks since Sept. 30, 2024, generating $5.5 million in revenue. The company has also reduced its monthly burn rate from $16.8 million in August to $5.3 million in October and November. CEO David Michery highlighted growing demand for sustainable transportation solutions and ongoing discussions with government agencies and large fleets. The Mullen ONE and Mullen THREE commercial EVs meet strict U.S. emissions standards and qualify for various state and federal incentives, including up to $45,000 in rebates. To view the full press release,…

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TuesdayDec 17, 2024 2:57 pm

NetworkNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Closes $3.6M Registered Direct

Flora (NASDAQ: FLGC) has closed a registered direct offering to institutional investors for the aggregate purchase and sale of approximately $3.6 million of Common Shares, each at a price of $1.25. Flora announced approximately $3.6 million in expected aggregate gross proceeds from the offering, of which it intends to use the net, together with existing cash, for general corporate purposes and working capital. Aegis Capital Corp. acted as exclusive placement agent for the offering. Dorsey & Whitney LLP acted as counsel to the company, and Kaufman & Canoles P.C. acted as counsel to Aegis Capital Corp. To view the full…

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TuesdayDec 17, 2024 1:15 pm

NetworkNewsBreaks – Insights from Morgan McGarvey’s Trade in Trump Media & Technology Group Corp. (NASDAQ: DJT) Stock

Democratic Representative Morgan McGarvey recently made headlines with a trade involving Trump Media & Technology Group (NASDAQ: DJT), a company linked to President-elect Donald Trump. The trade occurred on Nov. 6, 2024, just after the presidential election, and was valued between $1,001 and $15,000. This timing was notable as it coincided with provisional results indicating Trump’s re-election. McGarvey, known for opposing Trump’s policies, claimed the purchase was made without his or his spouse’s knowledge and sold the stock two days later at a 7% loss. DJT stock, currently priced at approximately $37.90, has seen a decrease of about 1.57%, with…

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TuesdayDec 17, 2024 11:48 am

NetworkNewsBreaks – Aegis Capital Corp. Acts Sole Bookrunner on $8.4M Underwritten Public Offering for Sacks Parente Golf Inc. (NASDAQ: SPGC)

Aegis Capital has been in the wealth management and investment banking business since 1984 and is dedicated to providing corporate finance, strategic advisory and related services to public and private companies across multiple sectors and regions. Aegis announced that it acted as the sole book-running manager on a $8.4 million underwritten public offering for Sacks Parente Golf (NASDAQ: SPGC). To view the full press release, visit https://nnw.fm/wDYh7 About Sacks Parente Golf Inc. Sacks Parente Golf, a technology-forward golf company, manufactures and sells golf products. The company provides putting instruments, golf shafts, golf grips, and other golf-related products. It also offers…

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TuesdayDec 17, 2024 10:55 am

NetworkNewsBreaks – The Coretec Group Inc. (CRTG) Gains Spotlight on NetworkNewsAudio Following Transformative Acquisition

The Coretec Group (OTCQB: CRTG)  has been prominently featured in a NetworkNewsAudio (“NNA”) broadcast, which highlights the company’s acquisition of a controlling stake in KIB Plug Energy Co., Ltd., a KOSPI-listed South Korean enterprise. NNA, a leading platform for delivering visibility and brand awareness to the investment community, underscores the significance of this acquisition as Coretec advances its position in the global energy and technology sectors. KIB Plug Energy, with operations in 53 countries and annual revenues exceeding $70 million for the past five years, brings substantial expertise in chemical and petroleum plant services. Coretec Co-Chairman Dr. Kim described the…

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TuesdayDec 17, 2024 10:32 am

NetworkNewsBreaks – NextPlat Corp (NASDAQ: NXPL) Launches $2 Million Share Repurchase Program Amid Record Revenue Growth

NextPlat (NASDAQ: NXPL, NXPLW) announced its Board of Directors has approved a share repurchase program of up to $2 million in outstanding common stock. The timing and execution of repurchases will be at the Company's discretion, with flexibility to utilize open market or privately negotiated transactions. NextPlat expects to achieve record 2024 annual revenue exceeding $63 million, a 70% increase over 2023, driven by growth in satellite connectivity products, recurring airtime revenue, and healthcare contributions. CEO Charles M. Fernandez emphasized the company’s focus on double-digit revenue growth and positive operating cashflows in 2025, supported by a strong balance sheet, as…

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TuesdayDec 17, 2024 9:30 am

NetworkNewsBreaks – zSpace Inc. (NASDAQ: ZSPC) Secures $10.8M in IPO

zSpace (NASDAQ: ZSPC) recently closed on its firm commitment initial public offering of an aggregate of 2,156,250 shares of its Common Stock, each at a price of $5.00, including the full exercise of the overallotment option. ZSPC secured gross proceeds of approximately $10.8 million. The shares began trading on the Nasdaq Global Market under the ticker symbol ZSPC on Dec. 5, 2024. Roth Capital Partners acted as joint book-running manager for the offering. To view the full press release, visit https://nnw.fm/Fls4p About zSpace Inc. zSpace delivers innovative augmented and virtual reality (“AR/VR”) experiences for STEM, CTE, and career readiness programs.…

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MondayDec 16, 2024 3:14 pm

NetworkNewsBreaks – Analyst Upgrades and Strategic Focus Drive Optimism for PayPal Holdings Inc. (NASDAQ: PYPL)

PayPal (NASDAQ: PYPL) has recently garnered attention following analyst upgrades and strategic initiatives aimed at revitalizing growth. Wolfe Research upgraded PayPal to “Outperform” with a $107 price target, citing the company’s streamlined focus, expense management and shareholder returns as key factors contributing to a positive outlook. Analysts anticipate growth in areas such as branded checkout innovations, Braintree and Venmo monetization, alongside increased debit card adoption through the PayPal Everywhere rewards campaign. Similarly, Bank of America Securities upgraded PayPal to “Buy” from “Neutral,” raising the price target to $103. This optimism is attributed to PayPal’s turnaround efforts under CEO Alex Chriss,…

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MondayDec 16, 2024 11:47 am

NetworkNewsBreaks – Brera Holdings PLC (NASDAQ: BREA) Featured in BBC Sport Article

Brera Holdings (NASDAQ: BREA), a publicly traded company focused on multi-club ownership of international football teams, was featured in a recent BBC Sport article. The publication discusses Chris Gardner, part of Brera’s dynamic team, the depiction of Gardner’s real-life struggle in the blockbuster Hollywood movie, The Pursuit of Happyness, and how a sequel “might just include the 70-year-old American's latest venture into football as part of a unique multi-club ownership model, one with a social conscience.” “Originally founded in Milan, Brera Holdings just added Serie B side Juve Stabia in the south of Italy to a growing portfolio that includes…

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MondayDec 16, 2024 11:05 am

NetworkNewsBreaks – Scinai Immunotherapeutics Ltd. (NASDAQ: SCNI) Expands CDMO Operations with New U.S. Subsidiary

Scinai Immunotherapeutics (NASDAQ: SCNI) has established a U.S.-based subsidiary, Scinai Bioservices Inc., to enhance its Contract Development and Manufacturing Organization (CDMO) operations and address the growing demand for early-stage biologics development in the U.S. Operating from a cGMP-compliant facility in Jerusalem, Israel, Scinai Bioservices has supported nine biotech companies since its 2024 launch and recently signed its first U.S. customer, Serpin Pharma. The new subsidiary will provide boutique CDMO services tailored to early-stage biotech startups, leveraging U.S. grant funding opportunities while addressing concerns related to the BIOSECURE Act. Scinai anticipates significant growth in its CDMO revenues and reputation in the…

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