NetworkNewsBreaks Archive - Page 489 of 2082

ThursdayAug 10, 2023 1:40 pm

NetworkNewsBreaks – Global Crossing Airlines Group Inc. (NEO: JET, JET.B) (OTCQB: JETMF) Closes $35M Placement

GlobalX (NEO: JET, JET.B) (OTCQB: JETMF) has closed the placement of $35 million of senior secured notes due in 2029 with funds managed by Axar Capital Management LP and its affiliates, a value-oriented alternative investment firm managing over $2.3 billion in assets. The proceeds from the notes will refinance all of the company’s existing indebtedness and provide GlobalX the capital required to continue to execute its growth plan and expand its passenger and freighter aircraft fleet from 11 aircraft to at least 16 by year-end 2023. ROTH MKM acted as joint placement agent for the placement. To view the full…

ThursdayAug 10, 2023 1:29 pm

NetworkNewsBreaks – Genprex Inc. (NASDAQ: GNPX) Granted FDA Orphan Drug Designation for REQORSA(R) for Patients with SCLC

Genprex (NASDAQ: GNPX), a clinical-stage gene therapy company focused on developing life-changing treatments for patients with cancer and diabetes, today announced that the United States Food and Drug Administration (“FDA”) has granted Orphan Drug Designation (“ODD”) to the company’s lead drug candidate, REQORSA(R) Immunogene Therapy (quratusugene ozeplasmid), for the treatment of small cell lung cancer (“SCLC”). In addition to ODD for the treatment of SCLC, in June 2023, the FDA granted Fast Track Designation (“FTD”) for REQORSA Immunogene Therapy, in combination with Genentech Inc.’s Tecentriq(R) in patients with extensive-stage small cell lung cancer (“ES-SCLC”) who did not develop tumor progression…

ThursdayAug 10, 2023 1:21 pm

NetworkNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Commences Class 3 Vehicle Production at Tunica Facility

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced the start of vehicle production at its Tunica, Mississippi, assembly plant for the Mullen THREE, Class 3 EV truck with first customer deliveries on track to begin in August and September. According to the update, the company will be gradually ramping up the production rate over the course of September through December, with Class 3 production capacity at the Tunica facility currently planned for 3,000 Class 3 vehicles per year. To date, Mullen has received $79 million in purchase orders for 1,250 Mullen THREE, Class 3 EV trucks…

ThursdayAug 10, 2023 12:37 pm

NetworkNewsBreaks — Reflex Advanced Materials Corp. (CSE: RFLX) (OTCQB: RFLXF) (FSE: HF2) Reports on Ruby Graphite Summer Core Drilling Program

Reflex Advanced Materials (CSE: RFLX) (OTCQB: RFLXF) (FSE: HF2), a mineral exploration company, has engaged Falcon Drilling Corp. to execute the planned summer 2023 initial drill program at the Ruby Graphite project, which is slated to begin on Aug. 16, 2023. Based in Nevada, Falcon Drilling is a reputable drilling company with more than 35 years of experience in the industry. The company provides drill equipment and highly trained drill crews as well as rapid access to supplies and mobilization services to even remote of locations. According to the announcement, the program will include diamond core drilling of at least…

ThursdayAug 10, 2023 11:46 am

NetworkNewsBreaks – Knightscope, Inc. (NASDAQ: KSCP) Announces Second Deployment to Chicago, Sends K5 ASR to Patrol Urban Development Parking Space

Knightscope (NASDAQ: KSCP), a leading developer of autonomous security robots (“ASRs”) and blue light emergency communication systems, announced that one of its K5 ASRs is now patrolling the parking lot of a mixed-use facility in Chicago. The deployment, the latest in a growing number of contracts for the company, is with a property management group. The parking lot provides parking for both retail and professional tenants. According to the company, this is the second deployment in the Windy City and is located in an area where crime, trespassing, vehicle break-ins, and catalytic converter thefts are rising. Knightscope’s ASRs support and enhances security…

ThursdayAug 10, 2023 11:14 am

NetworkNewsBreaks – GEMXX Corporation (GEMZ) Releases Quarterly Financial Report, Provides Corporate Update

GEMXX (OTC: GEMZ), a leader in the Ammolite gemstone mine-to-market segment, is reporting positive revenues for the quarter and providing an update on significant company achievements for the quarter. Highlights of the report include shares issued and outstanding totaling 96,866,845 with the quarter’s account receivables reaching $690,310, up from $318,390 in the same quarter last year. Net Income reached $182,992.00 compared to $126,360 in the previous quarter with total long-term liabilities being reported as zero, down from $226,759 last year. GEMXX total assets came in at total assets totaled $18,610,757, up from $1,226,354. “The company continues to build a solid…

ThursdayAug 10, 2023 11:04 am

NetworkNewsBreaks — Motobyo Announces August Webinar Focused on Accredited Investors

Motobyo, a burgeoning automotive e-commerce powerhouse, has announced a live webinar slated for Aug. 22, 2023, at 2 p.m. ET. The webinar, which is for accredited investors, will include an in-depth discussion about the key role auto dealers play in the Motobyo ecosystem and how auto dealers support the business model. Hosting the live event will be Motobyo CEO and founder George Lekas and premier dealer partner and High Street Auto Connection president Anthony Gasparro. According to the announcement, Motobyo is seeking accredited investors to join the company in changing the way that more than 40 million used-car transactions are completed each year.…

WednesdayAug 09, 2023 2:24 pm

NetworkNewsBreaks – Sharing Services Global Corporation (SHRG) Continues Looking for Opportunities to Innovate, Offer ‘neXt-Level’ Products

Sharing Services (OTCQB: SHRG) is a company dedicated to maximizing shareholder value through the acquisition and development of innovative companies, products and technologies. Its subsidiary and leading producer and distributor of nootropic, functional beverage products, The Happy Co., recently unveiled a new limited-time seasonal flavor for its popular energy drink PerX and also launched a new probiotic dietary supplement product called Probio8. “Called Tropical Twist, the new PerX is a cool and refreshing energy drink designed to be ‘your neXt-level nootropic beverage.’ The Happy Co. initially announced its PerX brand in January 2023, and since then the energy drink has…

WednesdayAug 09, 2023 2:21 pm

NetworkNewsBreaks – Maquia Capital Acquisition Corp. (NASDAQ: MAQCU), Immersed Inc. Announced Planned Merger

Maquia (NASDAQ: MAQCU), a publicly traded special purpose acquisition company, and Immersed, a leading provider of enterprise AI productivity solutions that use spatial computing to digitally transform the working environment, today announced entry into a definitive business combination agreement that will result in Immersed becoming a publicly listed company. According to the update, the transaction values Immersed at $150,000,000. Upon closing, the company is expected to be named Immersed Inc., with its common stock expected to trade on the Nasdaq Stock Market under the ticker symbol AIMR. “I am thrilled to partner with Renji [Renji Bijoy, founder and CEO of…

WednesdayAug 09, 2023 1:30 pm

NetworkNewsBreaks – GEMXX Corp. (GEMZ) Complements Ammolite Production with Strategic Purchase

GEMXX (OTC: GEMZ), a leader in the Ammolite Gems mine-to-market segment, recently announced its acquisition of a 50% interest in the Canadian exploration company Crazy Horse Mining Inc. (“CHMI”). CHMI assets include 100% interest in two gold projects, Snow Creek and Rosella Creek, covering more than 700 acres. “The acquisition of the Snow Creek and Rosella Creek gold asset portfolio enhances the company’s long-term asset expansion plan and helps to de-risk revenues, but most importantly, it complements our Ammolite production with the world’s most sought-after commodity,” said Jay Maull, GEMXX’s chief executive officer. “This will provide GEMXX with a significant…

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