NetworkNewsBreaks

TuesdayOct 08, 2024 12:15 pm

NetworkNewsBreaks – Alphabet Inc. (NASDAQ: GOOGL) Faces New Market Challenges

Alphabet (NASDAQ: GOOGL, GOOG) is the parent company of Google, a global leader in technology and internet services. Google is renowned for its search engine, advertising services and the Google Play Store, a major app distribution platform. The company faces competition from other tech giants like Apple and Amazon. A recent ruling by a federal judge in San Francisco mandates that Alphabet must lift restrictions that hinder developers from creating rival marketplaces and billing systems to compete with the Google Play Store. This decision, as reported by Tom Mackenzie on Bloomberg Television, could reshape Google’s business model by introducing more…

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TuesdayOct 08, 2024 9:00 am

NetworkNewsBreaks – SOBR Safe Inc. (NASDAQ: SOBR) Reports on Private Placement Valued at Estimated $8.2M

SOBRsafe (NASDAQ: SOBR), a provider of next-generation, transdermal alcohol-detection solutions, has released certain information regarding a private placement. The placement, which is with certain institutional investors, is projected to result in an estimated $8.2 million for the company, before the deduction of standard fees and costs. SOBRsafe anticipates using the funds for working capital and general corporate purposes. The company plans on issuing 2,024,691 units in connection with the placement, with each unit sold at $4.05. The announcement noted that each unit will comprise one share of common stock (or one prefunded warrant in lieu thereof), two Series A warrants…

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MondayOct 07, 2024 2:34 pm

NetworkNewsBreaks – Roth Capital Partners with IBN as Official Media Sponsor of Annual Roth Healthcare Opportunities Conference

Roth Capital Partners (Roth MKM), a relationship-driven investment bank dedicated to serving growth companies and their investors, is partnering with IBN as an official media sponsor for this week’s third annual Roth Healthcare Opportunities Conference. The invitation-only, one-day conference is scheduled for Oct. 9, 2024, in New York City. According to the announcement, IBN will leverage its extensive corporate communications network to increase awareness of the conference, which is an exclusive platform that gathers together veteran investors with C-suite executives from public and private companies in the healthcare sector. “ROTH's upcoming conference is set to showcase some of the most…

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MondayOct 07, 2024 1:50 pm

NetworkNewsBreaks – Snap Inc. (NYSE: SNAP) Quarterly Conference Call Announcement

Snap (NYSE: SNAP) is gearing up for its quarterly conference call to discuss the financial outcomes for the third quarter of 2024. This significant event is scheduled for Tuesday, Oct. 29, 2024, at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). As a leading technology entity, Snap focuses on revolutionizing communication and self-expression through innovative camera technology, aiming to foster human progress. Interested parties can access the conference call via a live webcast, with a replay being available on Snap’s Investor Relations website for a minimum of 90 days. Currently, SNAP’s stock price is $10.62, marking a decrease of 1.71%…

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MondayOct 07, 2024 1:13 pm

NetworkNewsBreaks – Lucid Group Inc. (NASDAQ: LCID) Provides Q3 Production and Delivery Numbers, Schedules Release of Q3 2024 Financial Results

Lucid Group (NASDAQ: LCID), maker of the world’s most advanced electric vehicles, today announced that it produced 1,805 vehicles and delivered 2,781 vehicles during the quarter ended September 30, 2024. According to the announcement, 8% of the vehicle deliveries were subject to operating lease accounting. The company also announced that it will host a conference call to discuss its Q3 2024 financial results subsequent to the issuance of an earnings press release. The call is scheduled for Thursday, November 7, 2024, at 2:30 p.m. PT / 5:30 p.m. ET. The link to the live webcast will be available on the…

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MondayOct 07, 2024 11:41 am

NetworkNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Discusses Completed Acquisition of Base Resources During Conference Call

Energy Fuels (NYSE American: UUUU) (TSX: EFR), an industry leader in the U.S. production of uranium and rare earth elements (“REE”) hosted a conference call this morning. The call began at 9 a.m. ET and focused on the company’s recently completed acquisition of Base Resources Limited. Mark Chalmers, Energy Fuels president and CEO, was joined by Tim Carstens, managing director of Base Resources, on the call, which included time for questions and answers. A replay of the call is available until Oct. 14, 2024, by dialing 1-289-819-1450 in Toronto or 1-888-660-6345 (toll free in North America), then use entry code 95890#.…

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MondayOct 07, 2024 11:11 am

NetworkNewsBreaks – Alpha Events Names IBN as Official Newswire for Quant Strats Europe Event

Alpha Events has chosen IBN, a multifaceted financial news and publishing company, as the official newswire for its upcoming Quant Strats Europe event. The one-day event is slated for Oct. 8, 2024, in London. A premier event for quantitative investment thought leaders, Quant Strats offers quality education and networking focused on quantitative investment strategies and risk management; the event has established a reputation for gathering an impressive group of specialists, including data teams, quant traders and portfolio managers. “Given the complexity and interconnectedness of international financial markets today, professional quantitative analysts who are well-versed in artificial intelligence, machine learning and…

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MondayOct 07, 2024 10:55 am

NetworkNewsBreaks – NextPlat Corp (NASDAQ: NXPL) Announces ‘Significant’ Extension and Expansion of Exclusive Distribution Agreement with OPKO Health

NextPlat (NASDAQ: NXPL, NXPLW), a global e-commerce provider, today announced that its original exclusive e-commerce distribution contract with OPKO Health Inc. (NASDAQ: OPK) has been extended for four years and expanded to include additional e-commerce platforms and digital and social media marketing across China. The original agreement allowed NextPlat to sell OPKO Health Europe’s nutraceutical and veterinary products on the Tmall Global e-commerce platform only. According to the announcement, the expanded contract also grants NextPlat the exclusive rights to sell and market OPKO products in Japan. “The significant extension and expansion of our agreement with OPKO is evidence of the…

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MondayOct 07, 2024 10:46 am

NetworkNewsBreaks – Trillion Energy International Inc. (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62) Announces Commencement of VC Program

Trillion Energy (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62), a company focused on oil and natural-gas production for Europe and Türkiye, is gearing up SASB gas field operations with the installation of Velocity Strings (“VS”). According to the announcement, the company and its partner at SASB reached an agreement on Sept. 30, 2024, regarding the technical aspects of the program. Consequently, Trillion Energy was assigned operatorship for the conduct of this program and signed a service agreement with a snubbing provider to install the velocity strings. “Initially it was assumed that the VS could only be run in using a drilling…

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MondayOct 07, 2024 9:45 am

NetworkNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Forecasts $75M in GAAP Revenue Over Next 6 Months, Implements Immediate Measures to Cut Overall Expenses

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced that it expects to ramp up its commercial sales to a monthly average of $12.5 million. As a result, the company forecasts $75 million in estimated GAAP revenue over the next six months from both Mullen Commercial’s and its subsidiary Bollinger Motors’ sales opportunities and pilot programs. The announcement also noted that the company is taking immediate steps to reduce its overall spend (operating and investing cash flows) from $12.8 million to $7.3 million. The $5.5 million cut is driven by a 20% reduction in headcount, elimination of…

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