Breaks Categories: News

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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MondayJan 06, 2025 10:40 am

NetworkNewsBreaks – SolarBank Corp. (NASDAQ: SUUN) (CSE: SUNN) Sells New York Solar Projects to Qcells in $49.5 Million Deal

SolarBank (NASDAQ: SUUN) (CSE: SUNN) has announced the sale of four ground-mount solar power projects under development in upstate New York to Qcells, a subsidiary of Hanwha Solutions (KRX: 009830). The projects, totaling 25.577 MW, will be developed and constructed by SolarBank under engineering, procurement and construction (“EPC”) agreements valued at approximately $49.5 million. These community solar projects, leveraging U.S.-manufactured equipment, are expected to benefit from New York's NY-Sun Program incentives. SolarBank anticipates retaining operations and maintenance contracts post-construction. Qcells highlighted its commitment to strengthening domestic solar manufacturing as part of a broader $2.8 billion investment in clean energy. To…

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MondayJan 06, 2025 10:29 am

NetworkNewsBreaks – Trillion Energy International Inc. (CSE: TCF) (OTCQB: TRLEF) Advances SASB Field Gas Production with Well Enhancements

Trillion Energy (CSE: TCF) (OTCQB: TRLEF) has successfully installed 2 3/8” velocity string tubing in the Alapli-2 natural gas well, a key step in optimizing long-term gas production at the SASB field. The snubbing unit will next be transported to the East Ayazli tripod for a similar installation in the Bayhanli-2 well, expected to conclude within seven days, weather permitting. Following these operations, nitrogen stimulation will be conducted on both wells to further enhance production performance. To view the full article, visit https://nnw.fm/p0svq About Trillion Energy International Inc. Trillion Energy is focused on oil and natural gas production for Europe and…

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MondayJan 06, 2025 10:17 am

NetworkNewsBreaks – Brera Holdings PLC (NASDAQ: BREA) Director Goran Pandev Named Sports Director for North Macedonia’s National Teams

Brera Holdings (NASDAQ: BREA) announced that board member Goran Pandev has been appointed Sports Director of all national teams by the Football Federation of Macedonia, effective Dec. 22, 2024. A celebrated figure in Macedonian football, Pandev is known for his achievements with top European clubs and his contributions to North Macedonia's international success. As founder and former president of FC AP Brera Strumica, Pandev has played a pivotal role in developing football talent in the region. Brera Holdings CEO Pierre Galoppi praised Pandev’s leadership, expressing confidence in his ability to enhance the national teams’ performance. To view the full press…

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MondayJan 06, 2025 10:06 am

NetworkNewsBreaks – Eloro Resources Ltd. (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) Reports Strong Drill Results at Iska Iska Silver-Tin Project

Eloro Resources (TSX: ELO) (OTCQX: ELRRF) (FSE: P2QM) announced assay results from its definition drilling program in the Santa Barbara starter pit area of the Iska Iska silver-tin polymetallic project in Bolivia. Highlights include significant mineralized intersections, such as Hole DSB-69, which returned 142.50m at 106.97g Ag eq/t, and Hole DSB-70, which intercepted 255.75m at 127.89g Ag eq/t. The drilling program confirms the project's potential with high-grade silver and tin zones. CEO Tom Larsen emphasized the economic potential of the deposit, with the results set to inform a Preliminary Economic Assessment (“PEA”) expected in late 2025. To view the full…

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MondayJan 06, 2025 8:00 am

NetworkNewsBreaks – Scinai Immunotherapeutics Ltd. (NASDAQ: SCNI) to Engage Investors and Partners at Key January Conferences

Scinai Immunotherapeutics (NASDAQ: SCNI) a biopharmaceutical company focused on inflammation and immunology products and CDMO services, announced CEO Amir Reichman and Chairman Mark Germain will participate in several high-profile events in January 2025. They will attend the IATI Mini Mixiii Conference in Miami on January 9, followed by the JP Morgan HealthCare Conference and SIC Biotech Symposium in San Francisco from January 13-15. The executives plan to meet with investors, potential pharmaceutical partners, and prospective CDMO clients to advance collaborations and highlight Scinai's innovative NanoAbs and biologics services. To view the full press release, visit https://nnw.fm/szhkv About Scinai Immunotherapeutics Ltd.…

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FridayJan 03, 2025 1:01 pm

NetworkNewsBreaks – PayPal Holdings Inc. (NASDAQ: PYPL) Faces Legal Challenges Over Honey Extension

PayPal (NASDAQ: PYPL) is a leading digital payments company that facilitates online money transfers and serves as an electronic alternative to traditional paper methods like checks and money orders. It operates globally, providing services to both consumers and merchants. PayPal’s competitors include companies like Square and Stripe, which also offer digital payment solutions. Recently, content creators have taken legal action against PayPal, filing two lawsuits related to its Honey browser extension. The creators allege that Honey has been improperly claiming credit on sales, which they argue diverts potential affiliate earnings away from them. This legal challenge could impact PayPal’s reputation…

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FridayJan 03, 2025 11:56 am

NetworkNewsBreaks – Cyngn Inc. (NASDAQ: CYN) Closes $9M Registered Direct

Cyngn (NASDAQ: CYN), a developer of AI-powered autonomous driving software solutions for industrial applications, has announced the closing of its registered direct offering priced at-the-market under Nasdaq rules for the purchase and sale of an aggregate of 15,000,000 shares of common stock (or pre-funded warrants in lieu thereof) at a purchase price of $0.60 per share (or $0.5999 for each pre-funded warrant). Cyngn secured gross proceeds of $9.0 million from the offering, of which it intends to use the net, together with its existing cash, for general corporate purposes and working capital. Aegis Capital Corp. acted as exclusive placement agent…

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FridayJan 03, 2025 11:50 am

NetworkNewsBreaks – Chris King, OTC Markets Group (OTCM) Featured in Stock2Me Podcast

IBN, a multifaceted communications organization engaged in connecting public companies to the investment community, today announced the release of the latest episode of the Stock2Me Podcast as part of its sustained effort to provide specialized content distribution via widespread syndication channels. Chris King, senior VP of Corporate Services at OTC Markets Group (OTCQX: OTCM), the largest U.S. stock market for international companies, joined the latest episode to provide an overview of the OTC Markets Group and its mission to facilitate access to U.S. capital markets for non-U.S. issuers. “Of the 12,000+ securities that trade on our market, more than 90%…

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