NetworkNewsBreaks

FridayFeb 09, 2024 1:43 pm

NetworkNewsBreaks — Perfect Moment Ltd. (NYSE American: PMNT) Shares Pricing on Expected $8M Initial Public Offering

Perfect Moment (NYSE American: PMNT), a luxury lifestyle brand that combines fashion and technical performance for its ranges of skiwear, outerwear, swimwear and activewear, announced the pricing of its initial public offering. The offering, which is expected to close on Feb. 12, 2024, is comprised of 1,334,000 shares of common stock at $6 per share; gross proceeds of the offering are projected to reach an estimated $8 million, before deductions. The company noted that it has also granted the underwriters a 45-day option to purchase an additional 200,100 shares of common stock to cover any overallotments. Shares are expected to…

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FridayFeb 09, 2024 1:29 pm

NetworkNewsBreaks – InMed Pharmaceuticals Inc. (NASDAQ: INM) Names New Chief Financial Officer

InMed Pharmaceuticals (NASDAQ: INM), a leader in the manufacturing, development and commercialization of rare cannabinoids and proprietary cannabinoid analogs, has announced the appointment of Netta Jagpal, CPA, CA, as the newest member of its executive team; Jagpal will serve as the company chief financial officer and corporate secretary, effective Feb. 20, 2024. Jagpal has garnered more than two decades of experience in financial leadership roles, primarily in the biotech industry. Most recently, she was vice president of Financial Reporting & Compliance for D-Wave Systems Inc. (NYSE: QBTS), where she was a key player in the company’s initial public offering process;…

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FridayFeb 09, 2024 12:48 pm

NetworkNewsBreaks — Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) (FSE: A0I0) Names New Member of Critical Minerals Advisory Committee

Appia Rare Earths & Uranium (CSE: API) (OTCQX: APAAF) (FSE: A0I0), a publicly traded Canadian company in the rare earth element and uranium sectors, has appointed industry veteran Constantine Karayannopoulos, BASc, MASc, PEng, to its Critical Minerals Advisory Committee; other members of the committee include renowned rare earths experts Jack Lifton and Don Hains. The company noted that Karayannopoulos has three decades of invaluable experience in rare earth elements (“REE”) and critical minerals along with a profound understanding of REE and critical minerals that was garnered in part during his service as president and CEO of Neo Performance Materials Inc. (TSE:…

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FridayFeb 09, 2024 12:38 pm

NetworkNewsBreaks – Reunion Gold Corporation (TSX.V: RGD) (OTCQX: RGDFF) Reports on Additional Drill Results from Guyana-Based Oko West Project

Reunion Gold (TSX.V: RGD) (OTCQX: RGDFF), a leading gold explorer in the Guiana Shield, has announced additional drill results from its Oko West project, located in Guyana. The results include drilling from the company’s resource expansion drill program below Block 4 as well as continued infill drilling within areas of Inferred resources that are outlined in the June 2023 pit constrained mineral resource estimate (“MRE”). According to the announcement, results from the resource expansion program confirm the existence of high-grade mineralization within block 4 of the Kairuni zone, to depths of more than 1,000 meters down dip. Results from the…

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FridayFeb 09, 2024 12:16 pm

NetworkNewsBreaks – D-Wave Quantum Inc. (NYSE: QBTS) and Zapata AI Partner to Usher in the Commercial Era of Quantum Machine Learning

D-Wave (NYSE: QBTS) is a leader in quantum computing systems, software and services and the world’s first commercial supplier of quantum computers. The company announced that it has entered a multi-year strategic partnership with Zapata Computing, Inc. (operating as “Zapata AI”), the industrial generative AI software company that develops solutions and applications to solve enterprises’ difficult, industrial-scale problems. Under the partnership, the companies will develop and bring to market commercial applications that combine the power of generative AI and quantum computing technologies. “Our agreement with Zapata AI marks a significant step toward realizing the potential of combining two of today’s most…

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ThursdayFeb 08, 2024 3:25 pm

NetworkNewsBreaks – NileBuilt, Corp. Unveils First Generation of Non-Combustible, Net Zero Homes

NileBuilt today announced that it is introducing its non-combustible, net zero, high wind event resistant, and sustainable building technology to the Southern California marketplace. All NileBuilt homes are constructed with a patented, high performance cementitious fiber reinforced composite building system. Additionally, NileBuilt’s sustainable technology features a reduced concrete carbon footprint of up to 65%. “The need for resilient and sustainable housing is a priority for us,” said Scott Long, NileBuilt’s CEO/CTO and co-founder. “Our mission is to lead the industry in providing the latest technology in affordable, sustainable and safe NileBuilt homes for everyone.” To view the full press release,…

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ThursdayFeb 08, 2024 3:21 pm

NetworkNewsBreaks – FinovateEurope Prepares to Welcome Fintech Leaders, Executives at Upcoming Premier Event

FinovateEurope 2024, hosted by Informa PLC, kicks off later this month as the continent’s foremost fintech conference for the people who are transforming global financial services. Informa PLC is a leading London-based events production, digital services and academic research agency. The two-day event is slated for Feb. 27–28 in London. The conference is designed for leaders and executives in the financial services industry. Organizers predict that the conference will attract an audience of more than 1,000 C-suite leaders, decision-makers, senior executives and financial innovators from an array of sectors, including banks and distinguished financial institutions such as HSBC, Barclays, Lloyds…

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ThursdayFeb 08, 2024 3:18 pm

NetworkNewsBreaks – Revelation Biosciences Inc. (NASDAQ: REVB) Secures ~$6.2M in Public Offering

Revelation Biosciences (NASDAQ: REVB), a life sciences company that is focused on harnessing the power of trained immunity for the prevention and treatment of disease, recently announced the closing of its public offering. The offering consisted of 128,470 shares of the company’s common stock and 1,236,530 pre-funded warrants to purchase shares of common stock, together with warrants to purchase up to 2,730,000 shares of its common stock, at an offering price to the public of $4.53 per share and associated warrant, or $4.5299 per pre-funded warrant and associated warrant. The warrants have an exercise price of $4.53 per share and…

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ThursdayFeb 08, 2024 2:31 pm

NetworkNewsBreaks — Nextech3D.ai (OTCQX: NEXCF) (CSE: NTAR) (FSE: 1SS) Releases Preliminary 2023 Revenue Numbers, Notes ‘Consistent Profit Margins’

Nextech3D.ai (OTCQX: NEXCF) (CSE: NTAR) (FSE: 1SS), a generative artificial-intelligence (“AI”)-powered 3D model supplier for Amazon, P&G, Kohls and other major e-commerce retailers, is reporting on its preliminary unaudited financial and operating results for FY 2023, ended Dec. 31, 2023. According to the report, the unaudited results show impressive growth, with annual revenue coming in at an estimated $5 million, a 56%-plus increase compared to $3.2 million in 2022; the report also noted 70,000 3D models have been created to date. The report also estimated annual gross profit margin at 30%, which the company is anticipating will increase dramatically in…

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ThursdayFeb 08, 2024 2:21 pm

NetworkNewsBreaks – HUB Cyber Security Ltd. (NASDAQ: HUBC), Blackswan Tech Partner in ‘Milestone’ Agreement with Top-Tier European Bank

HUB Cyber Security (NASDAQ: HUBC), a developer of confidential computing cybersecurity solutions and services, is reporting another significant achievement resulting from its collaboration with Blackswan Technologies Ltd, a leading U.S. enterprise-artificial intelligence (“AI”) vendor. The two companies are collaborating to provide a joint solution under a $3.2 million, five-year agreement with one of Europe's top-tier banks. With the agreement, HUB marked its expansion into the finance sector, where its unique transaction monitoring and screening process, which specifically targets high-volume data traffic, can be leveraged by global financial institutions to strengthen their data-monitoring infrastructure. “This marks another significant milestone in our…

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