NetworkNewsBreaks

ThursdayJul 25, 2024 10:19 am

NetworkNewsBreaks – Correlate Energy Corp. (CIPI) Finalizes Agreements to Convert Approximately $8M of Debt into Equity

Correlate (OTCQB: CIPI), a growth-oriented distributed energy company, today announced that it has converted most of its debt into equity. This follows the June 14, 2024, finalization of agreements with debtholders to convert more than $7 million of its outstanding notes payable and approximately $1 million of long term accounts payable into equity. According to the announcement, this debt-to-equity conversion strengthens the company’s balance sheet and positions it for continued growth. “The debt-to-equity conversion is a crucial step in our strategy to enhance our financial strength and support our ambitious growth plans,” said Todd Michaels, CEO of Correlate Energy. “By…

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WednesdayJul 24, 2024 2:22 pm

NetworkNewsBreaks – Alphabet Inc. (NASDAQ: GOOGL) Earnings Report Highlights

Alphabet (NASDAQ: GOOGL, GOOG), the powerhouse behind Google, recently made headlines with its June quarter earnings report. The company, known for its dominant position in the online search and advertising industry, surprised investors by posting earnings of $1.89 per share for the second consecutive quarter. This performance underscores Alphabet’s ability to generate substantial profits, even in a challenging economic environment. However, despite these strong earnings, Alphabet’s stock took a hit, primarily due to concerns over its capital spending which was not anticipated by the market. The decline in Alphabet’s stock was significant, with shares dropping by $8.44, or about -4.64%, to close at $173.35. This…

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WednesdayJul 24, 2024 2:10 pm

NetworkNewsBreaks – Trillion Energy International Inc. (CSE: TCF) (OTCQB: TRLEF) Provides Update on SASB Gas Field

Trillion Energy (CSE: TCF) (OTCQB: TRLEF), a company focused on oil and natural gas production for Europe and Türkiye with natural gas assets in Türkiye, today provided an update on the flow rates and well perforations at the SASB gas field. According to the update, the well head pressure (“WHP”) at South Akcakoca-2 has stabilized at 371 psi, with the well recently producing 1.94 MMcf/d using 42/64” choke, while Guluc-2 is currently producing at 3.35 MMcf/d with a WHP of 484 psi using a 32/64” choke. At West Akcakoca-1, where only two of the five zones have been perforated, the…

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WednesdayJul 24, 2024 1:56 pm

NetworkNewsBreaks – FSD Pharma Inc. (NASDAQ: HUGE) (CSE: HUGE) (FRA: 0K9A) Holds Annual General and Special Meeting of Shareholders, Reports on Voting Results

FSD Pharma (NASDAQ: HUGE) (CSE: HUGE) (FRA: 0K9A), a biopharmaceutical company dedicated to building a portfolio of innovative assets and biotech solutions, is reporting on the results of its annual general and special meeting of shareholders; the in-person meeting was held on July 22, 2024, in Toronto, Ontario. According to the report, shareholders were represented in person or by proxy at the meeting. Shareholders elected seven directors for the company, with the directors serving until the next annual meeting or until a successor is elected or appointed; the elected directors include Anthony Durkacz, Zeeshan Saeed, Dr. Lakshmi P. Kotra, Adnan…

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WednesdayJul 24, 2024 12:26 pm

NetworkNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Receives PO from European Distributor for 29 Mullen GOs

Mullen Automotive (NASDAQ: MULN), an electric vehicle (“EV”) manufacturer, has received an order for 29 Mullen GOS from one of its newest European distribution partners. The order for the GOs, which are Mullen’s commercial micro-urban-delivery vehicle, came from GAMA, which is a distribution partner covering southeast Europe, including the Balkans Region. The order from GAMA, which is valued at $304,000, is part of a previously announced 53-unit commercial vehicle order; that order is for urban delivery vehicles as well as Mullen One and Mullen Three commercial EV cargo vans and trucks, which have not yet been delivered. The compact design…

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WednesdayJul 24, 2024 11:42 am

NetworkNewsBreaks – Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF), American West Metals Release Update for Storm Project Drilling, Exploration

Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF), a publicly traded mineral exploration company exploring for high-grade copper and gold deposits in Virginia and Nunavut, Canada, along with its joint venture partner American West Metals Limited, is reporting on the status of drilling and exploration activities currently underway at the Storm Copper Project. The project is located on Somerset Island, Nunavut, and is being conducted by American West Metals Limited, which has formed a 20/80 unincorporated joint venture with Aston Bay on the project. Highlights of the update indicate that the excellent productivity for the 2024 summer drilling program is…

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WednesdayJul 24, 2024 11:29 am

NetworkNewsBreaks – DoubleDown Interactive Co. Ltd. (NASDAQ: DDI) Schedules Q2 2024 Results Conference Call, Webcast

DoubleDown Interactive (NASDAQ: DDI), a leading developer and publisher of digital games on mobile and web-based platforms, will release its second quarter 2024 financial results on Aug. 12, 2024, after the market closes. In addition, the company plans to host a conference call and simultaneous webcast that same day at 5 p.m. ET. During the call, members of the DoubleDown management team will provide an overview of those Q2 2024  financial results, including a business update; time will also be allotted for a question-and-answer session. A replay of the webcast will be available on the company's website shortly after the…

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WednesdayJul 24, 2024 11:23 am

NetworkNewsBreaks – Annovis Bio Inc. (NYSE: ANVS) Receives US Patent for Methods of Treating Acute Traumatic Brain Injury with Its Lead Drug Candidate

Annovis Bio (NYSE: ANVS), a late-stage, drug-platform company developing novel therapies for neurodegenerative diseases such as Alzheimer’s (“AD”) and Parkinson’s disease (“PD”), today announced the receipt of U.S. Patent No. 12,042,482. The patent covers methods of treating acute traumatic brain injuries (“TBI”) and preventing nerve cell death with its lead drug candidate, buntanetap. Buntanetap (formerly known as Posiphen or ANVS401) targets neurodegeneration by inhibiting the formation of multiple neurotoxic proteins, including amyloid beta, tau, alpha-synuclein, and TDP43. This improves synaptic transmission, axonal transport, and reduces neuroinflammation. “We are thrilled to achieve this significant milestone for buntanetap,” said Maria Maccecchini, Ph.D., Founder,…

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WednesdayJul 24, 2024 9:45 am

NetworkNewsBreaks – Bitcoin Events Releases Agenda Highlights for October’s Crypto Fest 2024

Bitcoin Events, Africa’s largest blockchain and cryptocurrency event coordinator, is hosting Crypto Fest 2024, an event designed to offer an extraordinary convergence of technology, culture and innovation. The two-day event will be held on Oct. 10–12, 2024, in Cape Town. The agenda for the event includes an impressive lineup of diverse speakers and world-class presenters as well as invaluable workshops; the gathering is also uniquely designed to showcase Africa’s dynamic and rapidly growing crypto ecosystem. Topics covered during the event will include stablecoins in emerging markets; leveraging Bitcoin for payments in Africa; how blockchain, DeFi and digital assets are transforming…

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TuesdayJul 23, 2024 2:18 pm

NetworkNewsBreaks – PayPal Holdings Inc.’s (NASDAQ: PYPL) Upcoming Earnings Report: A Mixed Forecast

PayPal Holdings (NASDAQ: PYPL) is gearing up for its upcoming earnings report, with Wall Street setting the stage for an interesting outcome. The company, a giant in the digital payments space, competes with other financial technology firms to facilitate online money transfers and payment processing for consumers and businesses worldwide. As the earnings date approaches, expectations are mixed, with analysts predicting a dip in earnings per share (“EPS”) year-over-year but projecting an uptick in revenues for the quarter ending June 2024. The consensus among analysts suggests an EPS of $0.96, which would represent a 17.2% decrease from the previous year. However, revenues are expected…

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