NetworkNewsBreaks Archive - Page 2140 of 2221

FridayApr 21, 2017 12:54 pm

NetworkNewsBreaks – Intersections, Inc. (NASDAQ: INTX) Completes New $20M Debt Refinancing with PEAK6 Investments

Intersections (NASDAQ: INTX) has successfully completed a new $20 million term loan financing with PEAK6 Investments, L.P. The new credit agreement extends the maturity date to April 20, 2021, and reduces and defers mandatory quarterly principal payments of $1.2 million to commence on September 30, 2019. The new agreement also carries a lower interest rate. The company used approximately $13.9 million of the proceeds to repay its prior credit agreement and related interest and expenses. The company intends to use the remaining proceeds toward subscriber acquisition and product development. Additionally, PEAK6 purchased a warrant to purchase 1.5 million shares of…

FridayApr 21, 2017 12:00 pm

NetworkNewsBreaks – Orion Energy Systems (NASDAQ: OESX) Awarded $1.9M LED Lighting Retrofit Projects for Two U.S. Naval Bases

Shares of Orion Energy (NASDAQ: OESX) are nudging higher after the company said it has secured $1.9 million in new contracts with the U.S. Navy to retrofit two naval bases with Orion’s newest LED lighting systems compliant with the U.S. “Buy American Act” and “Trade Agreements Act.” The installations are currently in process and are expected to be complete by November 2017. “We are very proud to serve our country and to build upon our 15-year relationship serving the lighting retrofit needs of the U.S. Navy. The Orion team delivers the best in performance, energy efficiency, quality, ease of installation…

FridayApr 21, 2017 11:58 am

NetworkNewsBreaks – Rennova Health, Inc. (NASDAQ: RNVA) Issues Update on Opening of Big South Fork Medical Center; Shares Surge

Shares of Rennova Health (NASDAQ: RNVA) are up 21% after the company said the Centers for Medicare and Medicaid Services (CMS) has concluded its review of the application requesting enrollment in the Medicare program as a hospital. The application was submitted by the company’s subsidiary, Big South Fork Medical Center (legal name: Scott Community Hospital, Inc.). CMS has confirmed that it has issued a recommendation for approval to the Tennessee State Agency and the CMS Regional Office. Approval will allow the hospital to open for business. It is on track to partially open during the second quarter of 2017 and…

FridayApr 21, 2017 11:42 am

NetworkNewsBreaks – Social Reality, Inc. (NASDAQ: SRAX) Enters $3.72 Million Securities Purchase Agreement

Internet advertising company Social Reality, Inc. (NASDAQ: SRAX) this morning announced its entry into a definitive securities purchase agreement with certain institutional and accredited investors for the purchase and sale of up to an aggregate of $3.72 million principal amount Secured Convertible Debentures and five year Series A Warrants representing the right to acquire up to 1,156,667 shares of the company’s Class A common stock in a transaction exempt from registration under the Securities Act of 1933. “This capital infusion satisfies certain current obligations, eliminates uncertainty of the variable priced financial instrument and provides us working capital to continue to…

FridayApr 21, 2017 11:15 am

NetworkNewsBreaks – Adamis Pharmaceuticals Corp. (NASDAQ: ADMP) Prices $15M Public Offering

Adamis Pharmaceuticals (NASDAQ: ADMP) this morning priced its previously announced underwritten public offering of 4,285,715 shares of its common stock at $3.50 per share for gross proceeds of approximately $15 million. The offering is expected to close on April 26, 2017. Underwriters have an option to purchase up to 642,857 additional shares to cover over-allotments, if any. Adamis said it plans to use the proceeds for general corporate purposes. To view the full press release, visit: http://nnw.fm/bC094 About Adamis Pharmaceuticals Corporation Adamis Pharmaceuticals Corporation is a specialty biopharmaceutical company focused on developing and commercializing products in the therapeutic areas of…

ThursdayApr 20, 2017 2:19 pm

NetworkNewsBreaks – Top 10 Mid-day Percentage Gainers on April 20, 2017

Here is a list of stocks shaking up the markets today, with particular focus on NASDAQ and OTC small caps. The top gainers based on percentage: SIGA 11.46% – News: Completes enrollment and dosing in phase 1 study MOMT 8.89% – News: Appoints new member to board of directors FSNN 6.90% – News: Secures $2.1M, five-year cloud solutions contract with leading health system APDN 6.25% – News: Enters bulk DNA supply agreement with leading chemicals company CGNT 5.99% – News: Appoints new SVP of marketing and business development IDXG 5.90% – News: Eliminates long-term secured debt KSHB 5.02% – News:…

ThursdayApr 20, 2017 12:16 pm

NetworkNewsBreaks – Atossa Genetics, Inc.’s (NASDAQ: ATOS) Phase 1 Endoxifen Study Receives Positive Interim Review

Atossa Genetics (NASDAQ: ATOS) this morning said it has received a positive interim review on its phase 1 study of endoxifen, an active metabolite of the FDA-approved drug tamoxifen, indicated for breast cancer and breast cancer prevention in high risk patients. Upon reviewing the blinded data generated from the first cohort of the study of eight subjects, the Independent Safety Committee concluded that the study may advance to the next dosing level. "It is the first assessment of our clinical safety and tolerability data and it indicates that proceeding to the next dosing level with our proprietary topical Endoxifen is…

ThursdayApr 20, 2017 12:14 pm

NetworkNewsBreaks – MicroVision, Inc. (NASDAQ: MVIS) Secures $24M Contract for Laser Beam Scanning System by Leading Tech Company

MicroVision (NASDAQ: MVIS) shares are up 16% this morning after the company announced its contract with a major technology company to develop a Laser Beam Scanning (LBS) display system and to produce MicroVision specific components. Per the agreement, the company will develop a new generation of MEMS, ASICs and related firmware for a high resolution, LBS-based product the technology company is planning to produce. MicroVision will receive up to $24 million, including $14 million in fees for development work that is expected to span 21 months and an upfront payment for other items. The development fees would be paid upon…

ThursdayApr 20, 2017 12:11 pm

NetworkNewsBreaks – Immune Pharmaceuticals, Inc. (NASDAQ: IMNP) Inks LOI with Pint Pharma; Shares Climb

Immune Pharmaceuticals (NASDAQ: IMNP) shares are up more than 48% in late morning trade following news the company has entered into a letter of intent with Pint Pharma GmnH regarding the pursuit of an exclusive license by Pint of the rights to commercialize Ceplene throughout Latin America. The companies anticipate the close of the final agreement will occur within 30 days. Per the final agreement, Pint will carry out the full commercialization of the licensed product in the territory, including Ceplene registration, pricing and reimbursement, and sales and marketing activities. At the time of the final agreement, Pint will also…

ThursdayApr 20, 2017 12:07 pm

NetworkNewsBreaks – Moxian, Inc. (NASDAQ: MOXC) Launches Updated Apps with Integrated UnionPay Payment Modules

Online-to-offline (O2O) integrated social media platform operator Moxian, Inc. (NASDAQ: MOXC) this morning announced the launch of new versions of its Moxian User App and Business App that feature built-in UnionPay payment modules. This update follows Moxian’s previously announced strategic partnership with Beijing Chinaums, a subsidiary of China UnionPay. “The implementation of UnionPay into our App is a big game changer in our strategy,” James Tan, chairman and CEO of Moxian, noted in this morning’s news release. “Through various methods, we are able to capture both users and merchants by enticing users to spend at merchant stores, which in-turn boost…

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