NetworkNewsBreaks

ThursdayDec 14, 2023 12:45 pm

NetworkNewsBreaks – Vision Marine Technologies Inc. (NASDAQ: VMAR) Enters into Private Placement of Convertible Preferred Shares, Warrants Totaling $3M

Vision Marine Technologies (NASDAQ: VMAR), a global leader and innovator within the performance electric recreational boating industry, has entered into definitive securities purchase agreements with several institutional and accredited investors for the sale of its preferred shares and warrants. According to the announcement, the company sold 3,000 nondividend-bearing Series A preferred shares, with a stated value of $1,000 per share; the company also sold warrants to purchase up to 2,857,142 of its common shares. Gross proceeds from the agreements resulted in $3 million before deducting standard fees and offering expenses. The agreement also included an option for investors to purchase…

Continue Reading

ThursdayDec 14, 2023 12:33 pm

NetworkNewsBreaks – Prospera Energy Inc. (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B) Releases Per-Day Production Report

Prospera Energy (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B), a publicly traded energy company based in Western Canada specializing in the exploration, development and production of crude oil and natural gas, is reporting its per-day production. According to the announcement, the company announced a medium light oil 500-plus barrels per day flowing well from a full day of production testing. The report noted that this above-gradient pressure reservoir will typically flow for a few months and then transition into an artificial lift system production of approximately 150-plus bblspd of stabilized rate. The company also anticipates a second well will be coming…

Continue Reading

ThursdayDec 14, 2023 9:59 am

NetworkNewsBreaks – Freight Technologies Inc. (NASDAQ: FRGT) AI Logistical Platform Chosen by Amazon Mexico for Second Consecutive Year

Freight Technologies (NASDAQ: FRGT), a technology-driven logistics company powered by its proprietary artificial intelligence (“AI”) and machine learning Fr8App platform has been selected by Amazon Mexico (Amazon.com Inc. (NASDAQ: AMZN) again for its logistical solutions. Fr8App uniquely provides a real-time portal for business-to-business (“B2B”) cross-border shipping and domestic shipping within the United States, Mexico, and Canada (“USMCA”) region. According to the announcement, Amazon Mexico has chosen Fr8App for the second year in a row to support and assist with navigating the logistic complexities of the high-demand season. The company reported that more than 670 cargo loads have been moved between Amazon distribution…

Continue Reading

WednesdayDec 13, 2023 3:49 pm

NetworkNewsBreaks – Standouts from 12th Annual Benchmark Discovery Conference Featured in Nasdaq Article

The Benchmark Company’s Discovery Conference was featured in a recent Nasdaq news article written by Ari Zoldan, CEO of Quantum Media Group and Adjunct Professor at Yeshiva University. The piece, titled “Some of the Best Ideas from the 12th Annual Benchmark Discovery Conference,” highlights various innovative companies, all operating in high-growth sectors and developing cutting-edge technologies with the potential for tremendous future gains. The standouts included SKYX Platforms Corp. (NASDAQ: SKYX), which provides next-gen smart-home solutions for residential and commercial applications; Quantum Computing Inc. (NASDAQ: QUBT), which is developing a suite of full-stack quantum solutions for enterprise customers; and Dyadic…

Continue Reading

WednesdayDec 13, 2023 2:37 pm

NetworkNewsBreaks – Nextech3D.ai (CSE: NTAR) (OTCQX: NEXCF) (FSE: EP2) Granted Pivotal AI Patent

Nextech3D.AI (CSE: NTAR) (OTCQX: NEXCF) (FSE: EP2), a generative AI-powered 3D model supplier for Amazon, P&G, Kohl’s and other major e-commerce retailers, today announced the granting of a patent by USPTO for 3D model generation from Computer Aided Design (“CAD”) data. Nextech3D.ai’s receipt of this first patent, as part of its previously announced portfolio of patents filed in 2022, reinforces and validates the company’s commitment to increasing shareholder value by investing in 3D technology and innovating with AI-powered solutions. “The timing of this patent approval could not be better! In 2023, we are witnessing a paradigm shift in technology with…

Continue Reading

WednesdayDec 13, 2023 2:26 pm

NetworkNewsBreaks – Correlate Energy Corp. (CIPI) Commences Construction on Largest Corporate Campus Project to Date

Correlate Energy (OTCQB: CIPI), a growth-oriented distributed energy company, has broken ground on its solar project in Reading, Pennsylvania. According to the announcement, the project originally started at 3.8 MW but has grown to 5.2 MW, making it the company’s largest project to date. In addition, when completed, the project will be one of the largest corporate solar installations in Pennsylvania. Committed to ensuring its clients experience positive economic benefits as they make the transition to clean energy, Correlate has built a reputation for helping customers reduce their carbon footprint, enhance their energy resilience and ensure their economic viability. “We are…

Continue Reading

WednesdayDec 13, 2023 1:42 pm

NetworkNewsBreaks – SRIVARU Holding Limited (NASDAQ: SVMH), Mobiv Acquisition Corp Complete Business Combination, Commence Trading

SRIVARU Holding (NASDAQ: SVMH), a commercial-stage provider of premium electric motorcycles, has completed its recent business combination with Mobiv Acquisition Corp. (NASDAQ: MOBV). According to the announcement, Mohanraj Ramasamy, a former Tesla executive, has been named CEO of the combined companies. Shares of the new company are expected to start trading on NASDAQ today under ticker symbol SVMH. The new company combines state-of-the-art technologies and a capital-efficient business model. “We look forward to the next phase of our journey within the U.S. capital markets,” said SRIVARU Holding CEO Mohanraj Ramasamy in the press release. “We believe our unique business model…

Continue Reading

WednesdayDec 13, 2023 1:30 pm

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

Reunion Gold (TSX.V: RGD) (OTCQX: RGDFF), a leading gold explorer in the Guiana Shield, has announced additional drill results from its Oko West project, located in Guyana. Highlights of the drilling include Hole D-336, which intersected 33 meters at 7.26 g/t Au to a depth of approximately 805 meters, within a broader interval of 78.2 meters at 3.45 g/t Au; Hole D-346A-W1, which intersected 13 meters @ 8.41 g/t Au and 12.3 m @ 10.36 g/t Au to a depth of approximately 820 meters, within a broader interval of 82.6 meters at 3.7 g/t Au; Hole D-342-W1 intersecting 4.6 meters at 9.58 g/t Au and…

Continue Reading

WednesdayDec 13, 2023 10:50 am

NetworkNewsBreaks – GEMXX Corporation (GEMZ) Releases Updated Status Report on Milestones, Upcoming Expansion Strategy

GEMXX (OTC: GEMZ), a leader in the ammolite gemstone mine-to-market segment and a partner in Canadian gold exploration Company Crazy Horse Mining Inc., is reporting on its current status. According to the announcement, the company has achieved several key milestones recently, including completing the third and final clean-out and recording of gold production at the Snow Creek Mine site for the 2023 mining test season; engaging Aurora Geosciences to complete S-K 1300 technical reports on company-owned and operated assets; signing a binding Letter of Intent to acquire an initial 50% stake in the Yukon Gold Project; securing 75% of mining…

Continue Reading

TuesdayDec 12, 2023 2:25 pm

NetworkNewsBreaks – Cyngn Inc. (NASDAQ: CYN) Secures $5M in Public Offering

Cyngn (NASDAQ: CYN), a developer of AI-powered autonomous driving software solutions for industrial applications, today announced the closing of its common stock public offering made on a reasonable best-efforts basis with gross proceeds of approximately $5.0. According to the announcement, the offering consisted of 33,333,333 shares of common stock and pre-funded warrants, with each sold at a purchase price of $0.15 per share (or $0.14999 per pre-funded warrant after reducing $0.00001 attributable to the exercise price of the pre-funded warrants). Cyngn intends to use the net proceeds from the offering for general corporate purposes, including working capital. Aegis Capital Corp.…

Continue Reading