NetworkNewsBreaks

TuesdayMay 07, 2024 2:05 pm

NetworkNewsBreaks – GEMXX Corporation (GEMZ) Announces Expansion Efforts, Appoints New Board Member

GEMXX (OTC: GEMZ), a leading provider of exquisite gemstone jewelry, is expanding its business model to include private equity funding for oil and gas (“O&G”) exploration. According to the announcement, the company is leveraging already-established relationships around the world as well as newly formed strategic partnerships to create a new business channel designed to fund exploration of giant (500 million barrels) and super-giant (3 billion+ barrels) oil fields located in Latin America. This strategic decision allows the company to “tap into moderate-risk, high-reward onshore O&G opportunities,” the announcement noted. GEMXX will be focused on  overlooked and underexplored basins. As part…

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TuesdayMay 07, 2024 1:51 pm

NetworkNewsBreaks – Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF), American West Metals Eye New Targets at Storm Copper Project

Aston Bay (TSX.V: BAY) (OTCQB: ATBHF) today presented preliminary interpretation of the initial results from geophysical activities currently underway at the Storm Copper Project on Somerset Island, Nunavut. The program is being conducted by the operator of the project, American West Metals Limited. America West has completed the required expenditures to earn an undivided 80% interest in the project and will be solely responsible for funding the program. “It is very encouraging to see geophysics identify new targets at Storm,” said Thomas Ullrich, CEO of Aston Bay. “Moving Loop EM anomalies have demonstrated a very strong correlation with high-grade copper…

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TuesdayMay 07, 2024 1:16 pm

NetworkNewsBreaks – PaxMedica Inc. (PXMD) Continues Advancement of PAX-101 Regulatory Strategy

PaxMedica (OTC: PXMD), a biopharmaceutical company focused on advancing treatments for neurological disorders, has issued a corporate update in light of its transition off the NASDAQ stock market, emphasizing this change will not affect the company’s commitment to advancing treatments for neurological disorders. “Our determination to progress with the NDA submission for PAX-101 remains unaffected, as does our commitment to our clinical program to further explore the potential for anti-purinergic therapies to address the core symptoms of autism spectrum disorder (‘ASD’),” said Howard Weisman, CEO of PaxMedica, further emphasizing the company’s efforts to advance healthcare solutions globally. “We are not…

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TuesdayMay 07, 2024 12:25 pm

NetworkNewsBreaks – Energy and Water Development Corp. (EAWD) CEO Featured in Most Recent Episode of The Bell2Bell Podcast

Energy and Water Development (OTCQB: EAWD), a green-tech engineering solutions company focused on delivering water and energy to extreme environments, is spotlighted in the latest episode The Bell2Bell Podcast, released by IBN. A multifaceted communications organization focused on connecting public companies to the investment community, IBN hosts the Bell2Bell Podcast as part of its sustained effort to provide specialized content distribution via widespread syndication channels. During the episode, Energy and Water Development CEO Irma Velazquez talked with host Stuart Smith about her background and journey joining Energy and Water Development Corp. She also talked about the company’s core values and mission.…

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TuesdayMay 07, 2024 11:43 am

NetworkNewsBreaks – Lucid Group Inc. (NASDAQ: LCID) Releases Q1 2024 Financial Report

Lucid Group (NASDAQ: LCID), a company setting new standards for the luxury electric experience with the Lucid Air, America's most awarded new luxury vehicle, is reporting its first quarter 2024 financial results, for the period ended March 31, 2024. Highlights of the report show that the company produced 1,728 vehicles in first quarter, and is on track for annual production of approximately 9,000 vehicles; delivered 1,967 vehicles in Q1, up 39.9% compared to Q1 2023; reached Q1 revenue of $172.7 million; raised $1 billion via private placement to an affiliate of the Public Investment Fund (“PIF”); and has approximately $5.03 billion of total liquidity. “I…

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MondayMay 06, 2024 3:31 pm

NetworkNewsBreaks – Cemtrex Inc. (NASDAQ: CETX) Closes on Upsized Underwritten Public Offering Worth $10M

Cemtrex (NASDAQ: CETX), an advanced-security technology and industrial services company, has closed on a firm-commitment underwritten public offering. According to the announcement, the company will receive an estimated $10 million in gross proceeds from the offering, before standard deductions and expenses. Upsized from an original $9 million commitment, the base offering consisted of 11,764,705 common units or prefunded units; the purchase price of each common unit was $0.85, and the purchase price of each prefunded unit was $0.849. Cemtrex anticipates using the net proceeds from the offering for operations as well as to increase marketing efforts and invest in existing…

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MondayMay 06, 2024 3:20 pm

NetworkNewsBreaks – Scinai Immunotherapeutics Ltd. (NASDAQ: SCNI) Announces Nasdaq Delisting Notification and Appeal, ADS Ratio Change

Scinai Immunotherapeutics (NASDAQ: SCNI) is a biopharmaceutical company focused on developing inflammation and immunology (“I&I”) biological products and providing CDMO services through its Scinai Bioservices business unit. The company today announced that it has received a staff determination letter on April 30, 2024, from the Listing Qualifications Department of the Nasdaq Stock Market LLC. In the letter, Nasdaq notified the company that, due to its non-compliance with the minimum $1.00 bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2), the company's American Depositary Shares (“ADSs”) would be scheduled for delisting from the Nasdaq Capital Market and would be suspended…

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MondayMay 06, 2024 3:07 pm

NetworkNewsBreaks – Lexaria Bioscience Corp. (NASDAQ: LEXX) Launches New Research Program to Evaluate DehydraTECH-GLP-1 Drugs

Lexaria Bioscience (NASDAQ: LEXX, LEXXW), a global innovator in drug delivery platforms, has announced an applied research program to evaluate certain molecular characteristics of DehydraTECH processed with the glucagon-peptide 1 (“GLP-1”) drug, semaglutide, related to its mode of action and performance. According to the announcement, the research will be conducted in partnership with the National Research Council of Canada (“NRC”). “We are excited about our partnership with the NRC for the mode of action molecular characterization of DehydraTECH-GLP-1 drugs. This work program could potentially provide data to assist Lexaria’s efforts in partnering with the pharmaceutical industry for the most rapid…

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MondayMay 06, 2024 3:03 pm

NetworkNewsBreaks – Aileron Therapeutics Inc. (NASDAQ: ALRN) Closes Underwritten Registered Direct Offering

Aileron Therapeutics (NASDAQ: ALRN) is a biopharmaceutical company advancing a novel pipeline of first-in-class medicines to address significant unmet medical needs in orphan pulmonary and fibrosis indications. The company has announced the closing of its underwritten registered direct offering priced at-the-market under Nasdaq rules of 4,273,505 shares of its common stock and accompanying warrants to purchase an aggregate of 4,273,505 shares of common stock. Aileron secured aggregate gross proceeds of approximately $20 million, before deducting underwriting discounts and commissions and other offering expenses and excluding any proceeds that may be received from exercise of the warrants. Titan Partners Group, a…

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MondayMay 06, 2024 2:29 pm

NetworkNewsBreaks – Mullen Automotive Inc.’s (NASDAQ: MULN) Inks Agreement with NAFG, Board Adopts Limited Duration Stockholder Rights Plan

Mullen Automotive (NASDAQ: MULN), an electric vehicle (“EV”) manufacturer, has added a commercial dealer to its growing list of dealerships. The company announced that National Auto Fleet Group (“NAFG”) will offer Mullen’s full line of all-electric commercial vehicles, specifically in Northern and Southern California. NAFG is a Sourcewell contract awardee and provides fleet vehicle purchasing to state, local government and educational institutions; Sourcewell is a government agency that has fulfilled bidding requirements and holds hundreds of competitively solicited contracts ready for use. “Everything you see, smell or touch was moved by truck at one time or another,” said National Fleet…

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