NetworkNewsBreaks

ThursdayJun 13, 2024 2:41 pm

NetworkNewsBreaks – SuperCom Ltd. (NASDAQ: SPCB) Delivering Cutting-Edge Technology, Positioning in Electronic Monitoring Space

SuperCom Ltd. (NASDAQ: SPCB) is a digital security solutions innovator focused on the market for monitoring criminal offenders and tracking for public security. “Electronic-monitoring security solutions developer SuperCom is devoted to using technology to limit the threat of stalking-related violence by working with criminal justice systems, consumers and government-level security experts, and providing effective monitoring, offender tracking and rehabilitation reinforcement programs to promote public safety. The company is currently employing its innovative PureOne solution to deliver an all-in-one field-proven RFID and mobile technology and product suite that is growing with the addition of GPS technologies,” a recent article reads. “Our…

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ThursdayJun 13, 2024 2:04 pm

NetworkNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Subsidiary Secures $13.2M Sales Order

Mullen Automotive (NASDAQ: MULN), an electric vehicle (“EV”) manufacturer, today announced that its subsidiary, Bollinger Motors, has reached an agreement to sell 80 all-electric Class 4 commercial trucks for a sales order of $13.2 million to Momentum Groups, a leader in fleet management and EV charging solutions. Momentum, with strength is in its full-service national fleet program and mobile or permanent charging infrastructure for EVs, can upfit the Bollinger B4 Chassis Cab with mobile EV chargers, a box truck, flatbed, service body or stake truck. According to the announcement, Momentum will take possession of the vehicles after Bollinger Motors launches…

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ThursdayJun 13, 2024 2:02 pm

NetworkNewsBreaks – Scinai Immunotherapeutics Ltd. (NASDAQ: SCNI) Receives LOI with European Investment Bank for Loan-to-Equity Conversion

Scinai Immunotherapeutics (NASDAQ: SCNI), a biopharmaceutical company focused on the development of inflammation and immunology (“I&I”) biological products and on providing contract development and manufacturing organization (“CDMO”) services through its Scinai Bioservices business unit, has received a nonbinding letter of intent (“LOI”) from the European Investment Bank (“EIB”). According to the announcement, the LOI contains terms for converting EIB's loan of approximately $27.6 million into equity in the form of prefunded warrants; the warrants, which will be exercisable into American Depositary Shares (“ADSs”), represent 19.5% of the fully diluted capital of the company as well as capped variable return mostly in the form of…

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ThursdayJun 13, 2024 1:50 pm

NetworkNewsBreaks – Reunion Gold (TSX.V: RGD) (OTCQX: RGDFF) Announces Annual Shareholder Meeting, Outlines Agenda Items for Voting

Reunion Gold (TSX.V: RGD) (OTCQX: RGDFF), a leading gold explorer in the Guiana Shield, has scheduled an annual general and special shareholders meeting. The meeting will be held July 9, 2024, with agenda items that include voting and approving an arrangement with G Mining Ventures. According to the announcement, shareholders will vote to approve a statutory plan of arrangement entered into between Reunion Gold, G Mining Ventures Corp. and Greenheart Gold Inc. The arrangement calls for a new entity to be incorporated to hold and manage the combined business of Reunion Gold and GMIN; the new entity will acquire all of…

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ThursdayJun 13, 2024 1:42 pm

NetworkNewsBreaks – FSD Pharma Inc. (NASDAQ: HUGE) (CSE: HUGE) (FRA:0K9A) Signs Option Agreement with USC to Exclusively Evaluate Novel Technology for Commercialization

SD Pharma (NASDAQ: HUGE) (CSE: HUGE) (FRA:0K9A), a biopharmaceutical company dedicated to building a portfolio of innovative assets and biotech solutions, has entered into an exclusive option agreement with the University of Southern California (“USC”). Signed June 11, 2024, the option agreement allows FSD Pharma to exclusively evaluate, for an initial term of six months, a novel dietary supplement technology for commercialization. At the end of this term, the company will have the option to either extend it for a further six months or to sign an exclusive license with USC for the technology. The company is evaluating this novel…

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ThursdayJun 13, 2024 1:37 pm

NetworkNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Chairman & Chief Owner Featured in Latest Episode of The MiningNewsWire Podcast

McEwen Mining (NYSE: MUX) (TSX: MUX) is an asset rich diversified gold and silver producer in the Americas with a large exposure to copper through its McEwen Copper subsidiary. The company’s Chairman and Chief Owner, Rob McEwen, was featured in the latest episode of The MiningNewsWire Podcast as part of IBN’s sustained effort to provide specialized content distribution via widespread syndication channels. During the interview with host Stuart Smith, McEwen discussed his extensive background in the mining sector, talked about McEwen Mining’s project portfolio, and examined the mining industry’s reputation relating to environmental stewardship before detailing the company’s efforts to…

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ThursdayJun 13, 2024 1:16 pm

NetworkNewsBreaks – PaxMedica Inc. (NASDAQ: PXMD) Marks Major Milestone in Preparations for NDA Submission, Global Suramin Supply

PaxMedica (NASDAQ: PXMD), a biopharmaceutical company focused on advancing treatments for neurological disorders, recently completed its three registration/validation batches of PAX-101, an IV formulation of suramin. “This accomplishment marks a significant step toward submitting a New Drug Application (‘NDA’) to the U.S. Food and Drug Administration (‘FDA’) in the fourth quarter of 2024. This step paves the way for potential commercial availability in the U.S. of suramin, the sole form for treating stage 1 Human African Trypanosomiasis (‘HAT’) caused by Trypanosoma brucei rhodesiense. This disease, fatal and neglected, represents a critical healthcare challenge,” a recent article reads. “This completion of…

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WednesdayJun 12, 2024 3:45 pm

NetworkNewsBreaks – Pinterest Inc. (NYSE: PINS) Balances Impressive Earnings Growth with Valuation Concerns

Pinterest (NYSE: PINS) has been making waves in the investment community, as noted by its recent trends on Zacks.com. The company, known for its visual discovery engine and social media platform, has experienced a slight increase in its stock value by 2.2% over the past month. This performance, while modest, is slightly below the gains seen in the broader S&P 500 composite and the specific internet software industry sector. Such movements in Pinterest’s stock price warrant a deeper dive into the factors that could shape its future in the competitive landscape of social media and online advertising. Analysts are showing a bullish outlook…

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WednesdayJun 12, 2024 3:29 pm

NetworkNewsBreaks – Software Effective Solutions Corp. (SFWJ) Collaborates to Begin Exporting CBD Buds to Switzerland

Software Effective Solutions (OTC: SFWJ) (d/b/a MedCana), a holding company focused in the cannabis and agricultural technology sectors, has announced a new strategic partnership with one of its subsidiaries with a prominent local Colombian company to begin the export of its first crop of CBD buds to Switzerland within the next six months. The collaboration marks a major milestone in MedCana’s expansion into the European market and its commitment to delivering high-quality CBD products internationally. “We are thrilled to partner with such a reputable local company in Colombia,” said Gabriel Diaz, CEO of MedCana. “This partnership not only strengthens our…

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WednesdayJun 12, 2024 2:00 pm

NetworkNewsBreaks – Maritime Launch Services (OTCQB: MAXQF) (Cboe CA: MAXQ) Featured in Article Covering Canada’s Recent Multimillion-Dollar Deal to Backstop Construction of a New Spaceport

In a landmark move signaling Canada's firm commitment to space exploration, the government has thrown its support behind what is being called Canada’s version of Cape Canaveral. This endorsement comes at a time when the global demand for commercial space launches is reaching unprecedented levels. The Rude Awakening, a division of Paradigm Press headed up by former banker and financial educator Sean Ring, recently published an article titled “King: Canada’s Cape Canaveral North” that covers the momentum taking place in the space sector. As pointed out by the article’s author Byron King, the decision to support investment in the construction…

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