NetworkNewsBreaks

FridayJun 28, 2024 11:01 am

NetworkNewsBreaks – DigiAsia Corp. (NASDAQ: FAAS) Closes on $3.6M Private Placement

DigiAsia (NASDAQ: FAAS), a leading Fintech as a Service (“FaaS”) ecosystem provider, has entered into a Securities Purchase Agreement (“SPA”) with a group of investors. According to the agreement, DigiAsia will sell certain Class A convertible promissory notes and Class B convertible promissory notes as well as warrants. The notes, which have a one-year maturity, total up to $8,863,528.24. Each warrant will be a five-year warrant for a number of ordinary shares equal to the principal amount of the Class A note issued to the applicable investor, multiplied by 60% and divided by 120% of the closing price of the ordinary…

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FridayJun 28, 2024 10:55 am

NetworkNewsBreaks – FSD Pharma Inc. (NASDAQ: HUGE) (CSE: HUGE) (FRA: 0K9A) Awarded Final Judgment, Confirmation of $3M-Plus Arbitration Award

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, has announced that the United States District Court for the Eastern District of Pennsylvania ruled in favor of FSD Pharma and is granted its motion for entry of judgment against Dr. Raza Bokhari, the company’s former CEO. The decision awards FSD Pharma several awards, including $147,301.04 plus interest at a rate of 4% per annum from Nov. 9, 2022, until the date the judgment is satisfied; C$31,912.55 plus interest at a rate…

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FridayJun 28, 2024 10:34 am

NetworkNewsBreaks – D-Wave Quantum Inc. (NYSE: QBTS) Hosts British Columbia Government Officials at Its Quantum Engineering Center of Excellence

D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software and services, and the world’s first commercial supplier of quantum computers, announced that Jagrup Brar, British Columbia (“B.C.”) Minister of State for Trade and Member of Legislative Assembly (“MLA”) for Surrey-Fleetwood, and Janet Routledge, B.C. Parliamentary Secretary for Labour and MLA for Burnaby North, toured the company’s Burnaby-based Quantum Engineering Center of Excellence. According to the announcement, the visit was intended to help inform the B.C. government officials about D-Wave’s latest quantum computing product developments and efforts to spur quantum adoption around the world. In conjunction with…

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FridayJun 28, 2024 9:51 am

NetworkNewsBreaks – Trump Media & Technology Group Corp. (NASDAQ: DJT) Stock Sees Uptick Following SEC Approval

Trump Media & Technology Group (NASDAQ: DJT) has recently seen a notable uptick in its stock value, marking a 23% increase that has helped recover some of its earlier losses. This surge is directly tied to the SEC’s green light for the company to register more shares, a move that not only allows early investors to sell off some of their holdings but also to act on stock warrants. These warrants let investors buy more shares at a set price before a certain date. With this approval, Trump Media is set to gain nearly $70 million from these transactions. The company,…

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ThursdayJun 27, 2024 3:42 pm

NetworkNewsBreaks – FSD Pharma Inc. (NASDAQ: HUGE) (CSE: HUGE) (FRA: 0K9A) Notes ‘Important Step’ as Phase 1 Lucid-21-302 Trial Receives HREC Approval

  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, has received a key approval for its planned Lucid-21-302 trial. According to the announcement, the human ethics review committee (“HREC”) in Australia approved the trial, which is titled “A Phase 1, Randomized, Double-Blind, Placebo-Controlled, Multiple Ascending Dose Study to Evaluate the Safety and Pharmacokinetics of Lucid-21-302 in Healthy Adult Participants.” A first-in-class, nonimmunomodulatory, neuroprotective compound, Lucid-21-302 offers a unique mechanism of action for the treatment of multiple sclerosis (“MS”). “After much…

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ThursdayJun 27, 2024 3:37 pm

NetworkNewsBreaks – Lexaria Bioscience Corp. (NASDAQ: LEXX) Eyeing Favorable Strategic Partnering with Leading GLP-1 Players

Lexaria Bioscience Corp. (NASDAQ: LEXX), a global innovator in drug delivery platforms, is doubling down on glucagon-like peptide 1 (“GLP-1”) studies for the 2024 calendar year. “The company is optimistic that the studies will yield positive results, not just in the potential treatment of diabetes but also in weight management, which has been directly linked to diabetes… The company recently received independent third-party ethics review board approval for its GLP-1 human pilot study #2, seeking to explore the oral delivery of GLP-1 drugs. For Lexaria, this marks a significant milestone that brings it closer to offering a more effective and…

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ThursdayJun 27, 2024 3:00 pm

NetworkNewsBreaks – Software Effective Solutions Corp.’s (SFWJ) Eko2o at Forefront of Innovation

Software Effective Solutions’ (OTC: SFWJ) subsidiary, Eko2o S.A.S., has solidified its reputation as a leading provider of greenhouse infrastructure and agricultural technology. “Eko2o is experiencing significant growth and success, as evidenced by recent news that it has become a key infrastructure supplier for some of Colombia’s largest flower producers. In addition, Eko2o is strengthening its support and sales operations through international partnerships and collaborations, including with Danzinger International… Eko2o’s commitment to excellence and innovation continues to attract the attention of major industry players, contributing to Colombia’s reputation as a leader in floriculture and agricultural technology. The company is at the…

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ThursdayJun 27, 2024 2:30 pm

NetworkNewsBreaks – Torr Metals Inc. (TSX.V: TMET) Aims to Capitalize on Rising Demand for Copper

Torr Metals Inc. (TSX.V: TMET), a Canada-based mineral exploration company advancing mineral properties in Ontario and British Columbia, aims to unlock the potential of its 100%-owned gold and copper projects with a focus on cost-effective exploration and development aided by proximity to existing major infrastructure. “TMET’s exploratory activities sync with favorable market conditions driven by the burgeoning renewable energy and electric vehicle industries. Limited copper supply is leading to increased demand by these sectors with a corresponding price increase to nearly $10,000 per ton. As a result, investors anticipate a bullish outlook for copper over the next few months driven…

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ThursdayJun 27, 2024 2:15 pm

NetworkNewsBreaks – Digital Ally Inc. (NASDAQ: DGLY) Closes on Approximately $2.9M Private Placement

  Digital Ally (NASDAQ: DGLY) is a leading provider of video solutions that develops, manufactures, and markets advanced video recording products and other critical safety products for law enforcement, emergency management, fleet safety and event security. The company recently announced the closing of a private placement with certain institutional investors. The transactions resulted in aggregate gross cash proceeds of approximately $2.9 million before deductions. Digital Ally intends to use the net proceeds from the private placement for inventory purchases, artist costs for upcoming festivals, transaction cost, expanded sales, marketing and general working capital. The company issued an aggregate of 1,195,219…

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ThursdayJun 27, 2024 1:35 pm

NetworkNewsBreaks – HUB Cyber Security Ltd. (NASDAQ: HUBC) Strengthens Financial Position with $15M Financing Transactions

HUB Cyber Security (NASDAQ: HUBC) (“HUB Security”), a developer of confidential computing cybersecurity solutions and services, today announced the successful restructuring of $8 million of its debt. The debt was due this month. The company also stated that it has secured an additional $2 million in debt financing. Additionally, key shareholders have exercised warrants at an exercise price of $0.90 per share, resulting in an additional $5 million in capital. The company expects these financing transactions to help it further enhance its product offerings, advance its Secure Data Fabric (“SDF”) roadmap, and drive forward growth in the cybersecurity space. “We…

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