NetworkNewsBreaks

MondayJun 03, 2024 3:26 pm

NetworkNewsBreaks – CNS Pharmaceuticals Inc. (NASDAQ: CNSP) Announces Reverse Stock Split

CNS Pharmaceuticals (NASDAQ: CNSP), a biopharmaceutical company specializing in the development of novel treatments for primary and metastatic cancers in the brain and central nervous system, today announced a 1-for-50 reverse split of its common stock, effective at 4:01 p.m. ET on June 4, 2024. According to the update, beginning on June 5, 2024, the company’s common stock will continue to trade on the Nasdaq Capital Market on a split adjusted basis under the trading symbol CNSP, but will trade under the following new CUSIP number: 18978H300. The move is primarily intended to increase CNSP’s share trading price and bring…

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MondayJun 03, 2024 10:33 am

NetworkNewsBreaks – Nutriband Inc. (NASDAQ: NTRB) Releases Q1 2024 Quarterly Report

Nutriband (NASDAQ: NTRB), a developer of transdermal pharmaceuticals and technology, is reporting its first-quarter 2024 revenues. According to the report, the company saw revenues of $408,532 while also strengthening its balance sheet with the completion of an $8.4 million private placement involving existing and new shareholders; shares for the placement were offered at $4 per share. Nutriband also reported a cash position of $8,347,739. In the report, the company observed that it been focused on using penetration pricing to gain a foothold. “Meanwhile in Q1, the company has made further advancements in its development of AVERSA, and it is maintaining…

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FridayMay 31, 2024 3:45 pm

NetworkNewsBreaks – Biomerica Inc. (NASDAQ: BMRA) Announces Agreement in $5.5M At-the-Market Offering

Biomerica (NASDAQ: BMRA), a biomedical technology company that develops, patents, manufactures and markets advanced diagnostics and therapeutic products, has entered into an at-market issuance sales agreement with EF Hutton LLC and R.F. Lafferty & Co. Inc. According to the company, the agreement is related to BMRA common stock shares. The company filed a prospectus supplement on May 10, 2024. EF Hutton is serving as sales agent to Biomerica in connection with the $5.5 million at-the-market offering. “In accordance with the terms of the sales agreement, we may offer and sell shares of our common stock pursuant to this prospectus having…

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FridayMay 31, 2024 3:35 pm

NetworkNewsBreaks – Btab Ecommerce Group Inc. (BBTT) Inks BCA, Underscores Commitment to Expand Reach, Support Small Businesses Worldwide

Btab Ecommerce Group Inc. (OTC: BBTT), an e-commerce company, has entered into a definitive business combination agreement (“BCA”) with Integrated Wellness Acquisition Corp. (NYSE: WEL), a special purpose acquisition company. According to the announcement, the agreement calls for a wholly owned subsidiary of WEL to merge with BBTT, which will survive the merger, becoming a wholly owned subsidiary of WEL. After the transaction is closed, WEL will be renamed Btab Ecommerce Holdings Inc.; it is anticipated that the company will continue to be listed on NYSE. Btab offers a range of services designed to meet the diverse needs of small…

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FridayMay 31, 2024 3:30 pm

NetworkNewsBreaks – Snap Inc. (NYSE: SNAP) Invests Heavily in AI and Machine Learning to Revitalize Its Business

Snap (NYSE: SNAP), under the guidance of CEO Evan Spiegel, is making a bold move by significantly ramping up its investment in artificial intelligence (“AI”) and machine learning technologies, with plans to spend $1.5 billion annually. This strategic decision is a response to the company’s realization that it had lagged in machine learning advancements, which was adversely affecting its business operations. By concentrating its efforts on achieving state-of-the-art capabilities in AI and machine learning, Snapchat aims to not only catch up but also surpass its competitors in these critical technological domains. The company’s pivot towards AI and machine learning is part of…

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FridayMay 31, 2024 3:28 pm

NetworkNewsBreaks – FSD Pharma Inc. (NASDAQ: HUGE) (CSE: HUGE) (FRA: 0K9A) Wins Petition, Awards for Damages and Fees

FSD Pharma (NASDAQ: HUGE) (CSE: HUGE) (FRA: 0K9A), a biopharmaceutical company dedicated to building a portfolio of innovative assets and biotech solutions to address ailments affecting millions worldwide, announced that the U.S. District Court for the Eastern District of Pennsylvania has confirmed its Petition to Confirm Arbitration Awards. The petition was entered against Dr. Raza Bokhari by a Canadian arbitrator in 2022. According to the announcement, the company will now move for entry of final judgment against Bokhari, who was terminated as FSD’s CEO in July 2021. Bokhari filed an arbitration challenging this termination, and after years of litigation and…

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FridayMay 31, 2024 3:22 pm

NetworkNewsBreaks – SenesTech Inc.’s (NASDAQ: SNES) Evolve Rat-Control Product Now Available through Online Amazon Store

SenesTech (NASDAQ: SNES), a player in the field of fertility control for managing animal-pest populations, has launched its Evolve fertility-control solution for rats on Amazon. The company called the move a “significant advancement in the distribution of Evolve, the company's innovative minimum-risk soft bait designed for proactive rat control.” Evolve, which contains an active ingredient proven to reduce rodent fertility, targets the root cause of rodent overpopulation by reducing fertility rates rather than using poisons or other toxic substances. “The launch on Amazon, the world's largest online retailer, significantly enhances the accessibility of Evolve to everyday consumers,” the announcement stated. “The…

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FridayMay 31, 2024 3:19 pm

NetworkNewsBreaks – GEMXX Corp. (GEMZ) Aims to Establish Footprint in Global Energy Landscape

GEMXX (OTC: GEMZ), an established mine-to-market gem enterprise, recently announced that it is actively broadening its business framework to incorporate private equity funding for oil and gas (“O&G”) exploration ventures. “With a large network of global relationships and several strategic alliances recently established, GEMXX is setting the stage to finance the exploration of extensive oil reserves, specifically targeting giant fields with reserves of 500 million barrels and super-giant fields with over 3 billion barrels located primarily in Latin America,” a recent article reads. “By leveraging its comprehensive network in the O&G sector, which includes major global industry players, GEMXX plans…

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FridayMay 31, 2024 3:15 pm

NetworkNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Appoints VP over EMEA, Reports First European Orders

Mullen Automotive (NASDAQ: MULN), an electric vehicle (“EV”) manufacturer, has announced a new position to lead Europe sales efforts. The company has named Alain Van Munster as its new vice president of Europe Middle East and Africa (“EMEA”); Alain has spent more than 25 years in the automotive and fleet industries across Europe, Asia and South America, including serving in positions with Copart and Manheim. The company also reported that its first European orders included 93 vehicles, comprised of 40 all-electric Mullen-GO urban delivery vehicles delivered to GAMA in Serbia and 53 commercial vans and trucks sent to Antidoto SA,…

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FridayMay 31, 2024 2:10 pm

NetworkNewsBreaks – Why Nutriband Inc. (NASDAQ: NTRB) Is ‘One to Watch’

Nutriband (NASDAQ: NTRB) is engaged in the development of a portfolio of transdermal pharmaceutical products. “The company’s AVERSA(TM) can be incorporated into any transdermal patch and includes aversive agents to prevent misuse and accidental exposure to drugs with abuse potential, specifically opioids. AVERSA technology has the potential to improve the safety profile of transdermal drugs susceptible to abuse, such as fentanyl, while making sure that these drugs remain accessible to patients who need them. The technology is covered by a broad intellectual property portfolio with patents granted in the United States, Europe, Japan, Korea, Russia, Canada, Mexico, and Australia… Nutriband…

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