News Archives - Page 281 of 1255

FridayAug 19, 2022 11:00 am

NetworkNewsBreaks — BIT Mining Limited (NYSE: BTCM) Closes on Registered Direct Offering, Resulting in $9.3M

BIT Mining (NYSE: BTCM), a leading technology-driven cryptocurrency mining company, announced the closing of its registered direct offering with certain institutional investors. The company had announced the offering earlier this week. According to the announcement, the closed offering constitutes the purchase and sale of 15,566,665 of BTCM American Depositary shares ("ADSs"), Series A warrants to purchase up to an aggregate of 15,566,665 ADSs and Series B warrants to purchase up to an aggregate of 15,566,665 ADSs — all at a combined purchase price of $0.60 per ADS and associated warrants. The announcement noted that the Series A warrants, which expire five years from…

FridayAug 19, 2022 10:52 am

NetworkNewsBreaks – IBN, CannabisNewsWire to Shine the Spotlight on Cannabis Conference 2022

CannabisNewsWire (“CNW”), a specialized communications platform for the cannabis sector and one of the 50+ brands within IBN (“InvestorBrandNetwork”), today announced its reengagement by GIE Media to serve as a media sponsor for Cannabis Conference 2022. The unique event, presented by Cannabis Business Times, is slated to take place at the Paris Las Vegas Hotel & Casino in Las Vegas, Nevada, from Aug. 23-25, 2022. Industry participants from more than 30 countries will attend the globally acclaimed conference, which is dedicated to professionals of plant-touching businesses across the cannabis and hemp space. IBN and CannabisNewsWire will leverage their array of…

ThursdayAug 18, 2022 1:47 pm

NetworkNewsBreaks – Global Water Resources Inc. (NASDAQ: GWRS) Secures ~$15.5M in Public Offering

Global Water Resources (NASDAQ: GWRS), a pureplay water resource management company, announced its completion of a public offering of 1,150,000 shares of its common stock at a previously disclosed price of $13.50 per share. The offering includes 150,000 shares issued and sold to the underwriter who exercised in full its option to purchase additional shares of common stock. Global Water Resources secured approximately $15.5 million in gross proceeds before deducting underwriting discounts, commissions and estimated offering expenses. The company anticipates using the net proceeds to fund acquisitions and for working capital and other general corporate purposes. Roth Capital Partners acted…

ThursdayAug 18, 2022 1:37 pm

NetworkNewsBreaks – Bit Digital Inc. (NASDAQ: BTBT) Partners with Nine Blocks Capital Management to Reach Treasury Optimization Goals

Bit Digital Inc. (NASDAQ: BTBT), a digital asset mining company headquartered in New York, is working with Nine Blocks Capital Management SEZC Limited as part of its enhanced treasury management function. BTBT selected Nine Blocks, an institutionally focused digital assets manager managing a digital assets market neutral fund for an allocation, to support the company’s efforts to enhance its treasury management process. According to the announcement, the selection includes a direct investment into the Nine Blocks Master Fund, a digital assets market neutral fund using basis trading, relative value and special situations strategies. An official from Nine Blocks noted that the support company…

ThursdayAug 18, 2022 12:45 pm

NetworkNewsBreaks – FinovateFall to Showcase Marquee Names, Keynotes from Industry Innovators

Informa Connect’s FinovateFall 2022 is expected to draw more than 1,500 senior executives from leading fintech and global financial institutions. Slated to take place from Sept. 12-14, 2022, at The Marriott Marquis Times Square, New York, the three-day conference will feature more than 100 speaker sessions, industry veterans, and 60-plus innovative live product demos. Speakers at FinovateFall 2022 include marquee names such as James Robert Lay, founder and CEO of Digital Growth Institute, Peggy Mangot, MD, fintech partnerships, commercial banking at JPMorgan, Alexa von Tobel, co-founder and managing partner at Inspired Capital, Peter Grant, president and COO of OakNorth, Maria Gotsch, president…

ThursdayAug 18, 2022 12:13 pm

NetworkNewsBreaks – Canaan Inc. (NASDAQ: CAN) Announces Unaudited Q2 2022 Financial Results

Canaan (NASDAQ: CAN), a leading high-performance computing solutions provider, today announced its unaudited financial results for the three months ended June 30, 2022. “We went through a challenging second quarter as the Bitcoin price continued to tumble down to under US$20 thousand. The COVID-19 containment lockdown in key cities in China also brought severe disruptions to our daily operations and demand for our AI chips,” said Nangeng Zhang, chairman and CEO of Canaan. “Facing these obstacles, we strived to deliver for our clients and achieved total computing power sold of 5.5 million Thash/s, up 27.5% sequentially. In order to support…

ThursdayAug 18, 2022 12:08 pm

NetworkNewsBreaks – Pressure BioSciences Inc. (PBIO) Enters Strategic Agreement with Canopy CBD Farms

Pressure BioSciences (OTCQB: PBIO) (“PBI”) is a leader in the development and sale of broadly enabling, pressure-based instruments, consumables and specialty testing services to the worldwide nutraceuticals, biotechnology, cosmetics, and food and beverage industries. The company today announced the execution of a manufacturing, sales and distribution agreement with Canopy CBD Farms LLC (“CCF”), a Massachusetts licensed processor/manufacturer/distributor of hemp-derived CBD products and processing equipment. With a strong focus in the Massachusetts/New England hemp-derived CBD market and with hundreds of nationwide industry connections, CCF has assembled an aggressive distribution plan that anticipates nano-CBD product sales of nearly $6 million over the…

ThursdayAug 18, 2022 11:10 am

NetworkNewsBreaks – Odyssey Health Inc. (ODYY) Achieves Positive Safety Outcomes for Concussion Drug in Multiple Ascending Dosing Trial

Odyssey Health (OTC: ODYY), formerly Odyssey Group International and a company focused on developing unique, life-saving medical products including a novel compound for the treatment of concussion, has completed safety measures for its phase I multiday ascending dosing (“MAD”) clinical trial. According to the announcement, the trial is designed to study PRV-002, the company’s proprietary drug to treat concussion; this phase involves healthy human subjects. The company noted that the MAD cohort I, which was conducted at Nucleus Network, a leading clinical research organization, indicated the drug was safe and well tolerated. That phase involved eight healthy human volunteers who…

ThursdayAug 18, 2022 10:25 am

NetworkNewsBreaks – Laredo Oil Inc.’s (LRDC) Subsidiary Secures Permits to Drill

Laredo Oil (OTC: LRDC), an oil exploration and production company, today announced that its wholly owned subsidiary, Lustre Oil Company LLC, was granted two drilling permits. The permits are for its second and third wells in the Lustre Oil Field, which is located in the Western Williston Basin of Montana. “We are currently working with Dawson James, our investment banker, on obtaining the financing we need to develop these two new wells,” said Mark See, Laredo Oil’s chairman and CEO. To view the full press release, visit https://nnw.fm/s359a About Laredo Oil Inc. Laredo Oil is an oil exploration and production…

ThursdayAug 18, 2022 10:04 am

NetworkNewsBreaks – Cub Crafters Inc. Featured in General Aviation News Article

Cub Crafters (typically styled CubCrafters), the leading designer and manufacturer of light-sport, experimental and Part 23 certified backcountry aircraft, was featured in an article published by General Aviation News. The piece, titled “An interesting public offering” and written by Ben Sclair, reads, “In case you missed the announcement, CubCrafters is offering shares of the company to the public. The ultimate goal is to raise $50 million. Those funds will be used to increase production to reduce the company’s order backlog, increase the pace of innovation, expand manufacturing infrastructure, add regional service centers, and accelerate international opportunities, according to CubCrafters officials. All words…

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