Breaks Categories: News

ThursdayApr 13, 2023 1:36 pm

NetworkNewsBreaks – Freight Technologies Inc. (NASDAQ: FRGT) Receives NASDAQ Notification, Has Regained Compliance

Freight Technologies (NASDAQ: FRGT), a technology company developing solutions to optimize and automate the supply chain process, has regained compliance with NASDAQ listing requirement. The company received written notification in October 2022 that it no longer complied with NASDAQ’s minimum bid price requirement for continued listing on the Nasdaq Capital Market; the reason for the notification was the company’s closing bid price ordinary shares had fallen below $1 per share for 30 consecutive business days. According to NASDAQ guidelines, Freight Technologies had 180 calendar days to comply with the regulations, which it did by implementing a 10:1 reverse split of…

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ThursdayApr 13, 2023 1:27 pm

NetworkNewsBreaks — AROYA Releases OpenSprinkler Integration, Empowers Cannabis Growers to ‘Not Only Survive, But Also Thrive’

AROYA, a division of ADDIUM Inc., announced a wide release of its integration with the controller OpenSprinkler; the integration empowers growers by providing data to guide their crop-steering decisions while also simplifying an additional aspect of cannabis cultivation. According to the announcement, the release brings added visibility and data-driven control to commercial cultivation and cultivators’ irrigation strategies; the announcement also noted that an estimated 30-40% of cultivators currently use OpenSprinkler for drip irrigation. The new integration eliminates the need to access other programs separate spreadsheets, reducing complexity while bringing more visibility to commercial cultivation. “Enabling integrations with third-party systems solidifies AROYA’s…

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ThursdayApr 13, 2023 12:55 pm

NetworkNewsBreaks – Knightscope, Inc. (NASDAQ: KSCP) Contracted by NYPD to Patrol New York Subway

Knightscope (NASDAQ: KSCP), a leading developer of autonomous security robots and blue light emergency communication systems, has signed a pilot contract with the City of New York Police Department (“NYPD”) calling for a K5 robot to begin patrolling in a Manhattan subway station. Key NYC leaders, including New York City Mayor Eric Adams, NYC police commissioner Keechant Sewell, and NYPD’s highest-ranking uniformed service member Jeffrey Maddrey held a press conference in Times Square to announce the implementation of KSCP technologies to protect the citizens of New York. “Technology is here, and we cannot be afraid of it,” said New York…

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ThursdayApr 13, 2023 12:20 pm

NetworkNewsBreaks – Cepton Inc. (NASDAQ: CPTN) Unveils Ultra-Slim, High Performance Automotive Lidar – the Vista(R)-X90 Plus

Cepton (NASDAQ: CPTN), a Silicon Valley innovator of high-performance lidar solutions, today announced the unveiling of its record-breaking new lidar, Vista(R)-X90 Plus. Expanding on the design innovation of Cepton’s recently introduced Vista(R)-X120 Plus, Vista-X90 Plus becomes the world’s smallest high-performance automotive lidar with software definable perception capabilities. The lidar’s extremely compact size and minimal height enables seamless integration behind the windshield and in other locations around the vehicle. “Vista-X90 Plus is the second generation of the industry’s best lidar for integration behind the windshield,” said Dr. Jun Pei, CEO and co-founder of Cepton. “Its groundbreaking design resulted not only from…

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ThursdayApr 13, 2023 11:58 am

NetworkNewsBreaks – EverGen Infrastructure Corp. (TSX.V: EVGN) (OTCQB: EVGIF) Releases Q4, FY 2022 Financial Results, Quarterly Update

EverGen (TSX.V: EVGN) (OTCQB: EVGIF), Canada’s renewable natural gas (“RNG”) infrastructure platform, is reporting its audited financial results for the fourth quarter and year ended Dec. 31, 2022. Highlights of the report include the execution of a $31 million definitive agreement with Roynat Capital and Export Development Canada providing funding for the company’s core expansion projects and derisking near-term growth; the execution of several waste-processing contracts by Sea to Sky Soils; the completed commissioning of phase I of GrowTEC RNG expansion as well as the 60% completion of the FVB RNG expansion project; and the settlement of flood-related insurance claims…

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ThursdayApr 13, 2023 11:21 am

NetworkNewsBreaks – Hillcrest Energy Technologies Ltd. (CSE: HEAT) (OTCQB: HLRTF) (FRA: 7HIA.F) Partners with Top Investment Banking Firm

Hillcrest Energy Technologies (CSE: HEAT) (OTCQB: HLRTF), a clean-technology company developing transformative power conversion technologies and control system solutions for next-generation EVs and electrical systems, has selected Craig-Hallum Capital Group as its capital markets advisory and investment banking firm in the United States. Effective April 15, 2023, the decision to engage the banking firm was based on Craig-Hallum’s ability to “advise Hillcrest on the critical next steps of their growth trajectory.” An independent, full-service investment banking and corporate advisory firm, Craig-Hallum specializes in advising private and public companies across various growth stages, industries and transaction events from strategic advisory, capital…

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ThursdayApr 13, 2023 10:55 am

NetworkNewsBreaks – Canada Nickel Company Inc. (TSX.V: CNC) (OTCQX: CNIKF) Excited by Preliminary Mineralogy Results at Midlothian

Canada Nickel (TSX.V: CNC) (OTCQX: CNIKF) today announced positive preliminary drill results from the first four holes on the Midlothian Property, which is located 70 kilometres south-southeast of Timmins, Ontario. According to the update, the company has drilled four holes totaling 1,548 metres to complete its initial phase of testing a large geophysical target 2.7 kilometres along strike by up to 800 metres thick and open at depth. “This is the latest in a string of regional exploration successes – Reid, Deloro, Sothman, Texmont, and now Midlothian – as we unlock the potential of the Timmins Nickel District,” said Mark…

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ThursdayApr 13, 2023 10:45 am

NetworkNewsBreaks – NextPlat Corp. (NASDAQ: NXPL) Completes $6M Private Offering

NextPlat Corp. (NASDAQ: NXPL), a global e-commerce provider, has completed its previously disclosed private placement transaction. The placement comprised the sale of 3,428,571 common stock shares to an accredited investor; the shares were sold at $0.0001 par value per share. The announcement noted that NextPlat received gross proceeds of approximately $6 million as a result of the offering. The company noted it is required to file an initial registration statement with the Securities and Exchange Commission covering the resale of the shares within 120 calendar days as well as have the registration statement declared effective within 150 days. ArentFox Schiff…

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WednesdayApr 12, 2023 2:34 pm

NetworkNewsBreaks – FSD Pharma Inc. (NASDAQ: HUGE) (CSE: HUGE) (FRA: 0K9A) Provides Update on Spin-Out Plan, Announces Shareholder Meeting

FSD Pharma (NASDAQ: HUGE) (CSE: HUGE) (FRA: 0K9A), a biopharmaceutical company dedicated to building a portfolio of innovative assets and biotech solutions for the treatment of challenging neurodegenerative, inflammatory and metabolic disorders, plans to complete its spin-out transaction outlined in a plan of arrangement. The plan called for shares of the yet-to-be-formed wholly owned subsidiary to be separated into an independent public company. According to the announcement, the transaction is slated to be complete in July 2023 and is designed to enable FSD Pharma to focus on developing core assets and maximizing shareholder value. The company noted that, as of…

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WednesdayApr 12, 2023 2:26 pm

NetworkNewsBreaks – FingerMotion Inc. (NASDAQ: FNGR) Retires All Outstanding Institutional Convertible Debt

FingerMotion (NASDAQ: FNGR), a mobile data and services company, today announced that it has recently eliminated its remaining convertible debt with the company’s primary lender, Lind Global Fund II LP. This is a result of conversions by Lind Global and payments by the company, which in aggregate totaled over $5 million. “We have retired all of our outstanding institutional convertible debt, strengthening our balance sheet while maintaining a strong cash position,” said Martin Shen, CEO of FingerMotion. “Eliminating the remaining convertible debt and related obligations to issue any additional common stock to our primary lender eradicates any further dilutive impact…

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