NetworkNewsBreaks

TuesdayAug 20, 2024 1:29 pm

NetworkNewsBreaks – Scinai Immunotherapeutics Ltd. (NASDAQ: SCNI) Enters Into $2M Investment Commitment Agreement with Its Largest Existing Shareholder

Scinai Immunotherapeutics (NASDAQ: SCNI), a biopharmaceutical company focused on developing inflammation and immunology (“I&I”) biological products and providing CDMO services through its Scinai Bioservices business unit, has entered into a $2 million Investment Commitment Agreement with RK Stone Miami LLC, an affiliate of the largest shareholder of the company, Mr. Daniel Stone. Under the terms of the agreement, Scinai may issue and sell ASDs to the investor, from time to time through December 31, 2024, for an aggregate purchase price of up to $2 million. The agreement does not require the company to register for resale the ADSs to be…

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TuesdayAug 20, 2024 12:36 pm

NetworkNewsBreaks – Lucid Group Inc. (NASDAQ: LCID) Announces New Leasing Options for Customers in Canada

Lucid Group (NASDAQ: LCID), maker of the world’s most advanced electric vehicles, today announced that customers in Canada can now access flexible, transparent, and competitive leasing options. This follows Lucid Financial Services’ introduction of leasing to its portfolio of finance options in Canada. “Not all electric vehicles are created equal, and now Canadian customers can experience the unrivaled performance and interior space of Lucid while taking advantage of flexible financing options designed to fit their life,” commented Peter Rawlinson, CEO and CTO of Lucid. “Our online process will also offer a high level of personalized support throughout to ensure the…

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TuesdayAug 20, 2024 12:26 pm

NetworkNewsBreaks – Renforth Resources Inc. (CSE: RFR) (OTCQB: RFHRF) (FSE: 9RR) Shares Update on Completed, Upcoming Exploration Activities

Renforth Resources (CSE: RFR) (OTCQB: RFHRF) (FSE: 9RR) today updated shareholders on the completed summer exploration activities and those set to begin on its wholly owned Malartic Metals Package (“MMP”) property and its wholly owned Parbec gold deposit, both located in Malartic, Quebec. According to the update, work at the MMP property has identified the Victoria polymetallic system, extending from the surface to a drilled depth of approximately 200m, and led to the discovery of the Beaupré copper/silver zone, containing chalcopyrite, bornite and silver on the surface over approximately 175m in length. In addition, Renforth has completed an initial soil sampling…

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TuesdayAug 20, 2024 11:52 am

NetworkNewsBreaks – MoneyShow’s Must-Attend Virtual Expo to Equip Attendees with Knowledge to Optimize Portfolios Across Various Asset Classes

MoneyShow, a leading producer of street-smart financial conferences for investors, traders, and financial advisors, is announcing the Powerful Investing and Trading Strategies Virtual Expo. The entirely digital expo is scheduled for August 20-22, 2024. The three-day event will feature a line-up of over 30 distinguished speakers and thought leaders and promises an information-packed agenda that includes a diverse range of highly relevant themes. Attendees will be able to directly engage with industry thought leaders and professionals as well as listen in to informative sessions via MoneyShow’s state-of-the-art virtual platform to gain the knowledge and learn techniques to optimize portfolios across…

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TuesdayAug 20, 2024 10:58 am

NetworkNewsBreaks – InMed Pharmaceuticals Inc. (NASDAQ: INM) Announces Exciting INM-901 Data Providing ‘Attractive Therapeutic Approach’ in Alzheimer’s Treatment

InMed Pharmaceuticals (NASDAQ: INM), a leader in the manufacturing, development and commercialization of rare cannabinoids and proprietary cannabinoid analogs, today announced that recent data from preclinical studies confirms INM-901, a proprietary small molecule drug candidate, as an oral formulation that will be utilized in the company’s development programs for Alzheimer’s disease. The data shows that the INM-901 formulation can be administered orally and maintains similar drug exposure and therapeutic levels as intraperitoneal (“IP”) delivery over a 24-hour period in the brain. The announcement noted that the oral delivery method offers potential advantages such as lower treatment delivery costs. “We are…

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TuesdayAug 20, 2024 10:36 am

NetworkNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Closes on Acquisition of Timberline Resources

McEwen Mining (NYSE: MUX) (TSX: MUX), a gold and silver producer with operations in Nevada, Canada, Mexico and Argentina, has closed on the acquisition of the Timberline Resources Corporation (TSX.V: TBR) (OTCQB: TLRS). The transaction, which was overwhelmingly approved by Timberline shareholders during an Aug. 16, 2024, special meeting, involved the acquisition of all issued and outstanding common shares of Timberline through a merger between Timberline and a wholly owned subsidiary of McEwen Mining. “We are pleased to bring Timberline’s assets into McEwen Mining and offer a warm welcome to its shareowners,” said McEwen Mining chair and chief owner Rob McEwen…

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MondayAug 19, 2024 3:24 pm

NetworkNewsBreaks – Meta Platforms Inc. (NASDAQ: META) Stock ‘Shows Resilience’ as Legislators Look for Answers Regarding Alleged Illegal Drug Ads

Meta Platforms (NASDAQ: META), a leading tech giant known for its social media platforms Facebook and Instagram, is dealing with an issue resulting in growing scrutiny from U.S. lawmakers. According to a recent press release, the concern is that alleged illegal drug advertisements have been appearing on Meta’s platforms. As a result, a group of legislators are seeking an explanation from the company about ads that reportedly direct users to online marketplaces where various drugs and substances are available. “Despite these challenges, META’s stock performance on the NASDAQ shows resilience,” stated the press release. “The company’s shares reached a high of $531.66 during the…

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MondayAug 19, 2024 2:32 pm

NetworkNewsBreaks – FingerMotion Inc.’s (NASDAQ: FNGR) Exclusive C2 Platform Receives National Certification from MIIT

FingerMotion (NASDAQ: FNGR), a mobile services and data company, is reporting that its Advanced Mobile Integrated Command and Communication(“C2”) Platform has been awarded national certification from China's Ministry of Industry and Information Technology (“MIIT”). According to the announcement, the proprietary platform, which was developed by FingerMotion’s contractually controlled subsidiary, Shanghai JuiGe Information Technology Co. Ltd., is integrated with the Maxus vehicles produced by SAIC Motor Corporation Limited. “We are proud to receive this certification from the Ministry of Industry and Information Technology,” said FingerMotion CEO Martin Shen in the press release. “This national certification from MIIT confirms the platform's quality,…

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MondayAug 19, 2024 1:25 pm

NetworkNewsBreaks – GivBux Inc. (GBUX) Marks Milestone in ‘Evolution of Corporation’ with Submission of Required Docs to SEC

GivBux (OTC: GBUX), a publicly traded Super App and charitable giving platform, has submitted its U.S. Securities and Exchange Commission (“SEC”) Form 10 along with required accompanying documents that are required to qualify as a fully reporting Required OTCQB Corporation. According to the announcement, GivBux has now submitted all documentation required to qualify as a fully-reporting OTCQB corporation. “We are very excited to announce this major milestone in the evolution of our corporation,” said GivBux president Umesh Tim Singh in the press release. “I want to commend our executive team for their hard work and diligence in accomplishing this task in such a…

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MondayAug 19, 2024 12:45 pm

NetworkNewsBreaks – SuperCom Ltd. (NASDAQ: SPCB) Releases Q2 2024 Financial Results, Highlighted by Record Profit

SuperCom (NASDAQ: SPCB), a global provider of secured solutions for the e-government, Internet of Things (“IoT”) and cybersecurity sectors, is reporting its financial results for second-quarter 2024, the period ended June 30, 2024. Highlights of the report include revenue of $7.5 million, record net income totaling $2.2 million and positive operating cash flow reaching $2 million. According to the announcement, the company’s strategic focus on cost optimization and capital management along with an innovative approach to technology deployment, has resulted in a significant turnaround in the bottom line. The report also noted several business wins, including more than $11 million in…

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