NetworkNewsBreaks

MondayApr 01, 2024 4:15 pm

NetworkNewsBreaks – Alta Global Group Limited Releases Information on Public Offering Pricing

Alta Global (NYSE American: MMA) is reporting on the pricing of its initial public offering. The offering consists of 1,300,000 ordinary shares at $5 per share. The offering, which is expected to close on April 2, 2024, is estimated to result in $6.5 million in gross proceeds before standard deductions and expenses. The announcement also noted that Alta Global granted the underwriters a 45-day option to purchase up to an additional 195,000 ordinary shares; the option was granted to cover any overallotments at the public offering price. A technology company, Alta Global is enabling the global martial arts and combat…

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MondayApr 01, 2024 3:43 pm

NetworkNewsBreaks – Vivos Therapeutics Inc. (NASDAQ: VVOS) Releases Q4, FY 2023 Financial Report, Operational Update

Vivos Therapeutics (NASDAQ: VVOS), a leading medical-device and technology company specializing in the development and commercialization of highly effective proprietary treatments for sleep-related breathing disorders, is reporting financial results and operating highlights for Q4 and full year 2023, for the period ended Dec. 31, 2023. The report noted that revenue came in at $3.2 million for Q4 2023 and $13.8 million for the full year; gross profit was $2.1 million for the Q4 2023 and $8.3 million for the full year; and gross margin totaled 64% for Q4 2023 and 60% for the full year. In addition, the company reported…

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MondayApr 01, 2024 3:33 pm

NetworkNewsBreaks – Predictive Oncology Inc. (NASDAQ: POAI) Releases Year-End 2023 Financial Report, Business Update

Predictive Oncology (NASDAQ: POAI), a science-driven company leveraging its proprietary artificial-intelligence (“AI”) and machine-learning capabilities, extensive biorepository of tumor samples, CLIA laboratory and GMP facility to accelerate oncologic drug discovery and enable drug development, is reporting on its financial and operating results for the year ended Dec. 31, 2023; the company also released a corporate update. The report noted POAI experienced a net loss of some $14 million on total revenue of approximately $1.8 million for the year; the company also reported a 50% reduction in basic and diluted net loss per common share for the full year 2023. In…

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MondayApr 01, 2024 2:47 pm

NetworkNewsBreaks – DoubleDown Interactive Co. Ltd. (NASDAQ: DDI) Shareholders Approve Proposals in 2024 Annual General Meeting

DoubleDown Interactive (NASDAQ: DDI), a leading developer and publisher of digital games on mobile and web-based platforms, is reporting on the results of its annual general meeting of shareholders. The meeting was held at 10 p.m. ET on March 29, 2024, in Seoul. According to the report, qualifying DDI shareholders approved financial statements for the fiscal year ended Dec. 31, 2023, as well as the aggregate remuneration limit of KRW5,000,000,000 for independent directors and executive officers for the same period. In addition, shareholders approved a proposed amendment to the Regulations on Executive Retirement Payment. To view the full press release,…

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MondayApr 01, 2024 2:21 pm

NetworkNewsBreaks – Applied UV Inc. (NASDAQ: AUVI) Closes on $2.76M Registered Direct, Private Placement

Applied UV (NASDAQ: AUVI), a leader in smart building technology solutions, has closed on a registered direct offering as well as a concurrent private placement with institutional investors. According to the announcement, Applied UV issued shares of common stock and prefunded warrants in a registered direct offering. In addition, the company also issued common warrants to the same investors in a concurrent private placement. It is estimated that gross proceeds from both transactions, which closed today, will total approximately $2.76 million. The company noted that the transactions consisted of the public sale of 1,726,875 shares of common stock (or prefunded…

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MondayApr 01, 2024 1:51 pm

NetworkNewsBreaks – Nutriband Inc. (NASDAQ: NTRB) Begins Manufacturing for Major Sports Brand Licensee

Nutriband (NASDAQ: NTRB, NTRBW), a pharmaceutical company with a specific focus on transdermal technologies, today announced it has been engaged by and received a first order from Fit For Life Group (“FFL”), a major brand license holder. Nutriband expects a fully executed supplier agreement to follow. Under the agreement Nutriband’s wholly owned contract manufacturing subsidiary, Active Intelligence, will act as manufacturer. “This purchase order from FFL allows Nutriband and our contract manufacturing subsidiary, Active Intelligence, to once again demonstrate our capabilities in the development and manufacturing of innovative products,” said Gareth Sheridan, CEO of Nutriband. “We are excited to continue…

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MondayApr 01, 2024 12:34 pm

NetworkNewsBreaks – Cepton Inc. (NASDAQ: CPTN) Releases Q4, FY 2023 Financial Report, Business Update

Cepton (NASDAQ: CPTN), a Silicon Valley innovator and leader in high-performance lidar solutions, is reporting on its financial and business results for the fourth quarter and full year ending Dec. 31, 2023. The financial report included full-year 2023 revenue of $13.1 million, a 76% increase over the prior year and an increase over the full-year 2023 revenue guidance as well as Q4 2023 product revenue of $2.5 million, an increase of 152% compared to the same period in 2022; the company’s full-year gross margin was 27% with a Q4 2023 gross margin of 54%. Business highlight for the company included…

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ThursdayMar 28, 2024 3:59 pm

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

Reunion Gold (TSX.V: RGD) (OTCQX: RGDFF), a leading gold explorer in the Guiana Shield, is releasing additional drill results from its ongoing infill and step out drill program at the Kairuni zone on its Oko West project in Guyana. According to the report, Hole D-380 intersected 39.7 meters at 5.27 grams per tonne of gold (“Au”) from 152.3 meters downhole, including 3.8 meters at 14.18 g/t Au and 13.0 meters at 10.50 g/t Au. Reunion Gold called the results encouraging and noted that they indicate “potential for additional high-grade mineralized shoots to be defined in areas of existing wider drill…

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ThursdayMar 28, 2024 3:43 pm

NetworkNewsBreaks – Diamond Lake Minerals Inc. (DLMI) Positioned ‘Ahead of the Curve’ in Tokenization

Diamond Lake Minerals (OTC: DLMI) is a leading multi-strategy operating company specializing in developing and supporting digital assets and SEC-registered security tokens. The company was featured in a new Benzinga Crypto article that discussed DLMI’s favorable positioning in tokenization attributed to its innovative technology, infrastructure and leadership. “DLMI has spent a substantial amount of time and resources under the leadership of its CEO Brian J. Esposito working on the program of converting real estate assets into blockchain-based digital tokens in its ecosystem… A big part of DLMI’s strategy was its recent acquisition of Avrio Worldwide PBC, a registered market infrastructure…

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ThursdayMar 28, 2024 3:30 pm

NetworkNewsBreaks – Ideal Power Inc. (NASDAQ: IPWR) Reports on $15M Public Offering

Ideal Power (NASDAQ: IPWR), a company pioneering the development and commercialization of the highly efficient and broadly patented B-TRAN(TM) bidirectional semiconductor power switch, has priced its previously announced underwritten public offering. The offering, which is anticipated to close today, consists of 2,000,000 shares of its common stock (or prefunded warrants in lieu thereof) at $7.50 per share of common stock. The public offering is expected to result in an estimated $15 million in gross proceeds before standard deductions are made. Ideal Power anticipates using the funds for general corporate and working capital purposes. The company also noted that it has…

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