Breaks Categories: News

ThursdayJun 27, 2024 2:15 pm

NetworkNewsBreaks – Digital Ally Inc. (NASDAQ: DGLY) Closes on Approximately $2.9M Private Placement

  Digital Ally (NASDAQ: DGLY) is a leading provider of video solutions that develops, manufactures, and markets advanced video recording products and other critical safety products for law enforcement, emergency management, fleet safety and event security. The company recently announced the closing of a private placement with certain institutional investors. The transactions resulted in aggregate gross cash proceeds of approximately $2.9 million before deductions. Digital Ally intends to use the net proceeds from the private placement for inventory purchases, artist costs for upcoming festivals, transaction cost, expanded sales, marketing and general working capital. The company issued an aggregate of 1,195,219…

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ThursdayJun 27, 2024 1:35 pm

NetworkNewsBreaks – HUB Cyber Security Ltd. (NASDAQ: HUBC) Strengthens Financial Position with $15M Financing Transactions

HUB Cyber Security (NASDAQ: HUBC) (“HUB Security”), a developer of confidential computing cybersecurity solutions and services, today announced the successful restructuring of $8 million of its debt. The debt was due this month. The company also stated that it has secured an additional $2 million in debt financing. Additionally, key shareholders have exercised warrants at an exercise price of $0.90 per share, resulting in an additional $5 million in capital. The company expects these financing transactions to help it further enhance its product offerings, advance its Secure Data Fabric (“SDF”) roadmap, and drive forward growth in the cybersecurity space. “We…

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ThursdayJun 27, 2024 12:27 pm

NetworkNewsBreaks – Nightfood Holdings Inc. (NGTF) Subsidiary Provides Key Robotic Solutions for Hospitality Labor Challenges

  Nightfood Holdings (OTCQB: NGTF), a forward-thinking acquisition and development holding company, and its new subsidiary, Future Hospitality Ventures Holdings, Inc. ("Future Hospitality"), offer game-changing plug-and-play robotics and automation solutions that solve hospitality labor issues. Using the Robots-as-a-Service (“RaaS”) business model, Future Hospitality provides two robotics solutions designed to transform both front-end and back-end operations within the hospitality industry. The serving robot is an advanced solution that works with wait staff to ensure faster, more reliable service on the front end, helping streamline service delivery, minimize wait times and reduce human errors. On the back end, Future Hospitality’s smart cooking…

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ThursdayJun 27, 2024 11:40 am

NetworkNewsBreaks – Rivian Automotive Inc. (NASDAQ: RIVN) Sees Stock Soar After Volkswagen Investment

  Rivian Automotive (NASDAQ: RIVN), a key player in the electric vehicle market, recently saw its stock price soar following a significant announcement. The company, known for its innovative approach to EVs, caught the market’s attention with news of a substantial $5 billion investment from Volkswagen. This investment not only infuses Rivian with considerable financial resources but also marks the start of a promising joint venture aimed at pushing the boundaries of electric vehicle technology. The collaboration between Rivian and Volkswagen is set to focus on the development of new technologies for electric vehicles. This partnership is a clear indication…

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ThursdayJun 27, 2024 9:35 am

NetworkNewsBreaks – Annovis Bio Inc. (NYSE: ANVS) Announces Filing of Provisional Patent Covering Manufacturing Process of New Solid Forms of Buntanetap

Annovis Bio (NYSE: ANVS), a late-stage, drug-platform company developing novel therapies for neurodegenerative diseases such as Alzheimer’s (“AD”) and Parkinson’s disease (“PD”), is announcing the filing of a provisional patent. This patent covers the manufacturing process of new solid forms of buntanetap (formerly known as Posiphen or ANVS401), which targets neurodegeneration by inhibiting the formation of multiple neurotoxic proteins. According to the announcement, the patent encompasses the methods for manufacturing the new crystalline form of buntanetap (CAS# 3032752-92-1) as well as the entire synthesis process, from basic starting materials to finished (>99.9% pure) GMP product, suitable for manufacturing scale at ton…

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ThursdayJun 27, 2024 8:30 am

NetworkNewsBreaks – Meta Platforms Inc. (NASDAQ: META) Partners with Hugging Face and Scaleway to Launch AI Accelerator Program in Europe

Meta Platforms (NASDAQ: META), in a strategic move to bolster the artificial intelligence (“AI”) ecosystem in Europe, has partnered with Hugging Face and Scaleway to kickstart an AI Accelerator Program. This collaboration is designed to nurture European startups by providing them with the necessary support to innovate and grow within the rapidly evolving AI sector. META’s initiative is a clear indication of its commitment to driving technological advancements and supporting the startup community in Europe. META’s financial health and market valuation are crucial for understanding the company’s ability to invest in and support such initiatives. With a Price-to-Earnings (“PE”) ratio of…

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WednesdayJun 26, 2024 2:58 pm

NetworkNewsBreaks – CNS Pharmaceuticals Inc. (NASDAQ: CNSP) Announces Pricing of Registered Direct, Concurrent Private Placement

CNS Pharmaceuticals (NASDAQ: CNSP) is a biopharmaceutical company specializing in the development of novel treatments for primary and metastatic cancers in the brain and central nervous system. The company today announced its entry into securities purchase agreements with health-care focused institutional investors for the purchase and sale of 568,000 shares of common stock in a registered direct offering and warrants to purchase up to 568,000 shares of common stock in a concurrent private placement (together with the registered direct offering, the “offering”) at a combined purchase price of $2.45 per share. The warrants issued per the concurrent private placement will…

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WednesdayJun 26, 2024 2:38 pm

NetworkNewsBreaks – Annovis Bio Inc. (NYSE: ANVS) Submits Patent Application for New Composition of Buntanetap Matter

Annovis Bio (NYSE: ANVS), a late-stage, clinical-drug platform company pioneering transformative therapies for neurodegenerative disorders such as Alzheimer’s disease (“AD”) and Parkinson’s disease (“PD”), has filed a patent with the U.S. Patent and Trademark Office. The patent covers novel solid forms of buntanetap, selecting the best crystal and building upon the provisional patent the company filed in June 2023. Formerly known as posiphen or ANVS401, buntanetap targets neurodegeneration by hindering the formation of multiple neurotoxic proteins connected with disease, including amyloid beta, tau, alpha-synuclein and TDP43. Through this process, buntanetap has the potential to reverse neurodegeneration in Alzheimer’s, Parkinson’s and other…

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WednesdayJun 26, 2024 2:09 pm

NetworkNewsBreaks – HealthLynked Corp. (HLYK) Announces New COO, Appoints Seasoned Veteran to Enhance Operations and Drive Initiatives

HealthLynked (OTCQB: HLYK), a leading provider of healthcare technology solutions, has announced a new chief operating officer. According to the announcement, the company has promoted Bill Crupi to the position, effective immediately. Crupi joined the company last year and has been instrumental in optimizing operational efficiencies and supporting the company's growth trajectory. Crupi has more than 20 years’ experience working in the healthcare industry and has served in several operational management leadership roles. In his new role, Crupi will manage the daily operations of HealthLynked, with a specific focus on enhancing operational efficiencies, driving strategic initiatives and ensuring the seamless…

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WednesdayJun 26, 2024 1:37 pm

NetworkNewsBreaks – Horizon CEO Discusses Investment Opportunity in TechMediaWire Podcast

Brian Collins, CEO of Horizon Fintex and co-creator of Upstream, a MERJ Exchange stock market and global trading app, was featured in the latest episode of the TechMediaWire Podcast. Designed to deliver informative updates and exclusive interviews with executives operating in the tech industry, the podcast is a part of IBN’s sustained effort to provide specialized content distribution via widespread syndication channels. During the program, Collins discussed the relationship between Globex-U.S., Horizon, Upstream and MERJ as it relates to a recently launched capital raise inviting retail investors to own a piece of the proprietary trading and exchange technology powering Upstream.…

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