NetworkNewsBreaks

ThursdayFeb 13, 2025 1:17 pm

NetworkNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Announces 1-for-60 Reverse Stock Split to Maintain Nasdaq Listing

Mullen Automotive (NASDAQ: MULN), an electric vehicle manufacturer, announced a 1-for-60 reverse stock split of its common stock, set to take effect Feb. 18, 2025, at 12:01 a.m. Eastern. The move aims to help the company regain compliance with Nasdaq’s $1.00 minimum bid price requirement. Mullen’s stock will continue trading under the existing symbol MULN on a split-adjusted basis when markets open that day. Stockholders approved the reverse split at a Jan. 31 special meeting, authorizing a range between 1-for-2 and 1-for-100, with the board finalizing the 1-for-60 ratio. No fractional shares will be issued, and holdings will be rounded…

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ThursdayFeb 13, 2025 12:36 pm

NetworkNewsBreaks – Meta Platforms Inc. (NASDAQ: META) Opens Facebook Marketplace to Rival Classified Ad Providers

Meta Platforms (NASDAQ: META) announced that it will allow competing classified ad service providers to list their ads on Facebook Marketplace. This move comes three months after the company was fined €797 million by the European Commission for giving its own service an unfair advantage. The new initiative, called the Facebook Marketplace Partner Program, enables third-party online classified ad service providers to display their consumer-to-consumer inventory alongside other third-party and Facebook user listings. Meta has already tested this program in Germany, France, and the United States with eBay. As of February 13, 2025, Meta's stock is trading at $723.52, down…

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ThursdayFeb 13, 2025 12:01 pm

NetworkNewsBreaks – HeartBeam Inc. (NASDAQ: BEAT) Prices $10 Million Public Offering at $1.70 Per Share

HeartBeam (NASDAQ: BEAT), a medical technology company focused on cardiac care, announced the pricing of its public offering of 5,882,353 shares at $1.70 per share, expecting to raise $10 million before deductions. The offering, underwritten by MDB Capital with Paulson Investment Company LLC participating as a selected dealer, is set to close on or about Feb. 14, 2025, subject to conditions. Proceeds will support commercial-readiness efforts, R&D, clinical and regulatory projects, and general corporate purposes. The underwriter has a 45-day option to purchase up to 882,353 additional shares to cover over-allotments. To view the full press release, visit https://nnw.fm/vqOOP About…

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ThursdayFeb 13, 2025 11:50 am

NetworkNewsBreaks – Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG) Faces Potential Lawsuit From Mexico Over Gulf of Mexico Name Change

Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG) may face a civil lawsuit from Mexico after Google renamed the "Gulf of Mexico" to the "Gulf of America" for U.S. users on Google Maps. Mexican President Claudia Sheinbaum criticized the change, stating that the internationally recognized name is "Gulf of Mexico" and that the U.S. has no authority to enforce such a renaming beyond its territorial waters. Sheinbaum urged Google to reverse the decision, warning that Mexico could take legal action if the company does not comply. As of the latest trading session, Alphabet Inc. (NASDAQ:GOOGL) is trading at $2,950.00 per share, reflecting…

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ThursdayFeb 13, 2025 10:30 am

NetworkNewsBreaks – Tesla Inc. (NASDAQ: TSLA) Secures $400 Million U.S. Government Contract for Armored Electric Vehicles

Tesla (NASDAQ: TSLA) has secured a $400 million contract with the U.S. Department of State to supply armored electric vehicles, according to The Telegraph. The deal is part of the government's push to modernize its fleet with advanced, sustainable technology. The contract spans five years, with deliveries set to begin later this year. As of Feb. 13, 2025, Tesla's stock is trading at $336.51, up $7.98 (2.43%) from the previous close. To view the full article, visit https://nnw.fm/I8wai About Tesla Tesla's mission is to accelerate the world's transition to sustainable energy through increasingly affordable electric vehicles and energy products. Founded…

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ThursdayFeb 13, 2025 9:30 am

NetworkNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Advances Los Azules Project with Application for Argentina’s Investment Incentives

McEwen Mining (NYSE: MUX) (TSX: MUX) announced that its subsidiary, McEwen Copper, has applied for Argentina’s Large Investment Incentive Regime (RIGI) to support development of the Los Azules copper project. The $2.7 billion project would benefit from reduced corporate taxes, VAT relief, export duty exemptions, and 30-year stability if approved. Chairman Robert McEwen emphasized the initiative aligns with Argentina’s push for foreign investment, while Vice President Michael Meding highlighted recent milestones, including an approved environmental permit. The move strengthens McEwen Mining’s position in the global copper market. To view the full press release, visit https://nnw.fm/p0w1Q About McEwen Mining Inc. McEwen…

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WednesdayFeb 12, 2025 3:04 pm

NetworkNewsBreaks – SuperCom Ltd. (NASDAQ: SPCB) Expands Presence with Advanced EM Project in Latvia

SuperCom (NASDAQ: SPCB), an Israel-based electronic monitoring tech developer, is building its presence in the United States and Europe as a go-to solution for criminal justice agencies seeking alternatives to prison and jail crowding through the supervised release of select individuals. In continued expansion of its operations in Europe, SuperCom recently completed the successful launch of a new electronic monitoring (“EM”) project in Latvia. “This project highlights Latvia’s commitment to leveraging advanced monitoring technology to enhance public safety,” said SuperCom President and CEO Ordan Trabelsi. “Our PureSecurity EM Suite has become a trusted tool for public safety agencies throughout Europe,…

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WednesdayFeb 12, 2025 2:30 pm

NetworkNewsBreaks – Why FAVO Capital Inc. (FAVO) Is ‘One to Watch’

FAVO Capital (OTC: FAVO) is redefining the private credit and alternative lending industry through a strategic redevelopment of its operations and offerings. “With a focus on leveraging financial technology and a client-centric approach, FAVO Capital empowers small to medium-sized businesses with fast, flexible and reliable access to capital, bridging the gap left by traditional financial institutions,” reads a recent article. “As part of its strategy to uplist to Nasdaq, FAVO Capital is enhancing its technology platform, operational scalability and market positioning to meet higher regulatory standards and attract institutional investors. Headquartered in Fort Lauderdale, Florida, FAVO employs over 120 professionals across…

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WednesdayFeb 12, 2025 12:36 pm

NetworkNewsBreaks – Brera Holdings PLC (NASDAQ: BREA) Increases Stake in Juve Stabia to 38.46%

Brera Holdings (NASDAQ: BREA) has completed the third phase of its multi-step acquisition of S.S. Juve Stabia, bringing its ownership stake to 38.46%. The latest closing involved acquiring shares from the holding company of Juve Stabia President Andrea Langella, reinforcing Brera’s commitment to the club. Juve Stabia, currently sixth in Serie B, remains a key part of Brera's global multi-club ownership strategy. Executive Chairman Daniel McClory emphasized the club's strong performance and growth potential. The final closing, expected by March 31, 2025, will bring Brera Holdings' stake to 51.73%. To view the full press release, visit https://nnw.fm/v3NED About Brera Holdings…

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WednesdayFeb 12, 2025 12:02 pm

NetworkNewsBreaks – Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG) and IBM (NYSE: IBM) Lead in Quantum Computing Investments

Alphabet I(NASDAQ: GOOGL) (NASDAQ: GOOG) and IBM continue advancing quantum computing technology. Google introduced the quantum chip "Willow," designed to complete calculations within minutes that would require traditional supercomputers an incomprehensible amount of time to process. IBM set a goal to develop an error-correcting fault-tolerant quantum computer by 2028, with revenue from quantum technology already surpassing $1 billion. Both companies are positioning themselves as leaders in this emerging sector.As of Feb. 12, 2025, Alphabet stock trades at $185.32, reflecting a 0.59% decrease from the previous close. IBM stock stands at $254.70, marking a 2.19% gain. To view the full article,…

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