Breaks Categories: News

FridayNov 15, 2024 2:14 pm

NetworkNewsBreaks – Alpha Cognition Inc. (NASDAQ: ACOG) (CSE: ACOG) Marks Tremendous Milestone with $50M Public Offering

Alpha Cognition (NASDAQ: ACOG) (CSE: ACOG), a biopharmaceutical company committed to developing novel therapies for debilitating neurodegenerative disorders, recently announced the pricing of its upsized public offering of 8,695,653 common shares, each at a public offering price of $5.75, for gross proceeds of approximately $50 million. In addition, the company granted the underwriters a 30-day option to purchase up to an additional 1,184,592 common shares to cover over-allotments at the public offering price, less the underwriting discount. Titan Partners Group, a division of American Capital Partners, is acting as sole bookrunner for the offering. “This offering serves as a tremendous…

Continue Reading

FridayNov 15, 2024 12:22 pm

NetworkNewsBreaks – Meta Platforms Inc. (NASDAQ: META) Faces Regulatory Challenges in Europe

Meta (NASDAQ: META), the parent company of Facebook, is a leading technology conglomerate known for its social media services, including Facebook, Instagram and WhatsApp. The company is currently facing significant regulatory challenges in Europe, as evidenced by a recent $844 million fine imposed by the European Commission. This penalty stems from Meta’s practices on Facebook Marketplace, where it allegedly undermines competitors by integrating its classified ads platform directly within the social network. The fine has coincided with a decrease in Meta’s stock price, which is currently around $564.16 on the NASDAQ. Today, the stock has dropped by approximately 2.25%, equating…

Continue Reading

FridayNov 15, 2024 10:56 am

NetworkNewsBreaks – D-Wave Quantum Inc. (NYSE: QBTS) Reports Q3 Progress with New Partnerships, Technical Milestones, and Continued Exploration of Quantum AI Solutions

D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”) shared its Q3 2024 business results, highlighting continued advancements in commercial quantum computing. Key developments include NTT DOCOMO, Japan’s largest mobile phone operator, planning to deploy a D-Wave-powered network optimization solution, a collaboration with Japan Tobacco on drug discovery leveraging quantum with artificial intelligence (AI), and D-Wave’s designation as “awardable” on the US Department of Defense’s Tradewinds marketplace. From a technology perspective, the company also completed calibration and benchmarking on a 4,400-qubit Advantage2™ processor, which is showing significant performance gains over the current Advantage™ system, the world’s largest quantum computer. D-Wave also introduced industry-leading…

Continue Reading

FridayNov 15, 2024 9:30 am

NetworkNewsBreaks – CNS Pharmaceuticals Inc. (NASDAQ: CNSP) Advances Glioblastoma Treatment with Berubicin Amid Strong Financial Position

CNS Pharmaceuticals (NASDAQ: CNSP) reported Q3 2024 financial results and highlighted clinical advancements, including the ongoing potentially pivotal trial of Berubicin, a targeted chemotherapy for recurrent glioblastoma multiforme (“GBM”). Enrollment of 252 patients was completed, with primary analysis data expected in the first half of 2025. Berubicin, which crosses the blood-brain barrier, has received Fast Track and Orphan Drug Designations from the FDA. The company also licensed TPI 287, a late-stage candidate for brain malignancies, with plans for FDA engagement on future studies. CNS ended the quarter with $7.0 million in cash and additional funding, ensuring operations through Q2 2025.…

Continue Reading

FridayNov 15, 2024 9:25 am

NetworkNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Partners with National Auto Fleet Group to Deliver Bollinger B4 EV Trucks to Government Fleets

Mullen Automotive (NASDAQ: MULN) announced a partnership with National Auto Fleet Group (“NAFG”) to sell its all-electric Class 4 Bollinger B4 commercial trucks to government agencies via NAFG’s Sourcewell-awarded contract. The Bollinger B4, designed with fleet and upfitter input, offers a 185-mile range, a payload of 7,394 pounds, and a robust chassis protecting its 158-kilowatt-hour battery pack. This collaboration provides Bollinger Motors with a streamlined pathway to secure government contracts, aligning with electrification goals of municipalities and agencies. Recent milestones for Bollinger include regulatory certifications, production launch, and multiple fleet agreements, bolstered by partnerships with key dealers, service centers, and…

Continue Reading

FridayNov 15, 2024 9:10 am

NetworkNewsBreaks – HealthLynked Corp. Restructures for Growth, Reports Declines in Revenue and Increased Losses in Q3 2024

HealthLynked (OTCQB: HLYK) has announced its Q3 2024 financial results, reflecting a strategic shift toward software solutions and a leaner operational model. Revenue dropped 56% year-over-year to $0.59 million, attributed to disruptions from clinical restructuring efforts, while operating expenses fell 10% in Q3 and 19% year-to-date due to efficiency initiatives. However, the company reported a $1.97 million net loss for the quarter, primarily due to the absence of a one-time $1.08 million gain recorded in 2023. HealthLynked is pivoting away from traditional clinical operations, focusing on app-based services to expand its user base and enhance operational scalability. To view the…

Continue Reading

ThursdayNov 14, 2024 2:35 pm

NetworkNewsBreaks – Noble Capital Markets, Stocktwits Partnership to Launch at NobleCon20

Noble Capital Markets (“Noble”), a full-service SEC / FINRA-registered broker-dealer dedicated exclusively to serving public and private middle market companies and their investors, together with Stocktwits, the world’s leading social network for investors and traders, today announced a strategic partnership. The collaboration, which brings together the unique strengths of both companies to amplify value for clients and subscribers, will launch at NobleCon20, Noble’s 20th annual emerging growth equity conference, and extend into 2025 and beyond. Under the partnership, Stocktwits will serve as the exclusive social media partner for NobleCon20, leveraging its extensive community to elevate the reach of presenting companies.…

Continue Reading

ThursdayNov 14, 2024 12:27 pm

NetworkNewsBreaks – Trump Media & Technology Group Corp. (NASDAQ: DJT) Activates Nationwide Data Centers for Truth+ Streaming

Trump Media & Technology Group (NASDAQ: DJT) operates the social media platform Truth Social. The company has recently completed its nationwide network of data centers, which are crucial for its content delivery network. This development enhances Trump Media’s ability to efficiently deliver streaming content across the country. Despite this operational milestone, Trump Media faces financial challenges. The company has a negative price-to-earnings (“P/E”) ratio of -15.02, indicating ongoing losses. This suggests that the company is not currently profitable, which can be a concern for investors looking for immediate returns. The company’s price-to-sales ratio is extremely high at 1,757.39, meaning the…

Continue Reading

ThursdayNov 14, 2024 12:00 pm

NetworkNewsBreaks – Calidi Biotherapeutics Inc. (NYSE American: CLDI) Announces Public Offering to Support Immunotherapy Development

Calidi Biotherapeutics (NYSE American: CLDI) has announced plans to sell shares of its common stock and/or pre-funded warrants in a public offering with Ladenburg Thalmann & Co. Inc. as the exclusive placement agent. Calidi has priced the offering of 4,437,869 shares at $1.69 per share, aiming to raise approximately $7.5 million in gross proceeds. Calidi intends to allocate the net proceeds toward working capital, general corporate purposes, and the advancement of pre-clinical and clinical trials for its targeted immunotherapy programs. The securities (excluding the warrants and the shares of common stock underlying the warrants) are being offered under an effective…

Continue Reading

ThursdayNov 14, 2024 10:52 am

NetworkNewsBreaks – SOBRsafe Inc. (NASDAQ: SOBR) Launches SOBRsure™ Wristband, an Innovative Tool for Alcohol Detection and Sobriety Support

SOBRsafe (NASDAQ: SOBR) has released SOBRsure™, a new wristband device that uses transdermal technology to detect alcohol levels through the skin, providing real-time monitoring to support sobriety and recovery. With a sleek, user-friendly design and GPS tracking, the device offers continuous alcohol detection, instant alerts, and the option to access historical reports through a premium subscription. CEO David Gandini emphasizes SOBRsure as both a technological breakthrough and a support system for individuals with alcohol use disorder, aiming to promote accountability and peace of mind for families, employers, and users. Available now, the wristband retails for $249, with subscriptions starting at…

Continue Reading