NetworkNewsBreaks

ThursdayJun 22, 2023 11:08 am

NetworkNewsBreaks – FuelPositive Corporation (TSX.V: NHHH) (OTCQB: NHHHF) Closes First $3.5M Tranche of Non-Brokered Private Placement

FuelPositive (TSX.V: NHHH) (OTCQB: NHHHF), a leading green ammonia company, yesterday announced its completion of the first tranche of its $7,500,000 non-brokered private placement, issuing 53,870,699 units, each at a price of $0.065, for gross proceeds of $3,501,595. “We are extremely pleased with closing the first $3,500,000 tranche of our active $7,500,000 financing,” said Ian Clifford, CEO and board chair of FuelPositive. “We are grateful to our existing shareholders for their ongoing support and welcome many new strategic investors who share FuelPositive’s values and goals. This is an important financial milestone that provides the necessary runway to reach several major…

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ThursdayJun 22, 2023 10:51 am

NetworkNewsBreaks – Clene Inc. (NASDAQ: CLNN) Announces $40M Public Offering

Clene (NASDAQ: CLNN), along with its subsidiaries “Clene” and its wholly owned subsidiary Clene Nanomedicine Inc., a clinical-stage biopharmaceutical company focused on revolutionizing the treatment of neurodegenerative disease, recently announced the pricing of an underwritten public offering. The offering consists of 50,000,000 shares of its common stock and two tranches of warrants (each warrant to purchase one share of common stock) at a combined public offering price of $0.80 for each share of common stock and accompanying warrant. From the expected $40 million in gross proceeds from the offering, Clene intends to use the net proceeds, together with its existing…

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WednesdayJun 21, 2023 3:37 pm

NetworkNewsBreaks – SPAC Conference 2023 to Bring Together the Industry’s Top Thought Leaders

DealFlow Financial Products Inc. ("DealFlow Events"), a leading events organizer since 2003 with a focus on in-person and virtual formats covering a wide array of business and investment topics, has announced the SPAC Conference 2023, the largest forum for networking and discussion of special purpose acquisition companies and alternative IPO techniques. The event will be held at the prestigious Westchester Country Club in Rye, New York, from June 28 - 29, 2023. Leading brokerages, law firms, seasoned institutional investors, investment bankers, fund managers, hedge funds and SPAC investors, well-connected investor relations professionals, private equity representatives, SPAC targets, deal advisors, and…

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WednesdayJun 21, 2023 3:10 pm

NetworkNewsBreaks – Correlate Infrastructure Partners Inc. (CIPI) Raises $2.5M in New Funding, Expands Team to Add Seasoned Professionals

Correlate Infrastructure Partners (OTCQB: CIPI), a growth-oriented distributed energy company, today announced that it has raised over $2.5 million in new funding from investors in fiscal year 2023 from a private placement of a secured convertible note offering. The company intends to use the net proceeds to ramp up its project fulfillment capabilities and for working capital purposes. In addition, Correlate announced the hiring of two seasoned professionals to its senior management team, enhancing the company's leadership capabilities and expertise. Roger Baum, an accomplished construction industry veteran, has joined Correlate as the EVP of Operations. Jed Freedlander, with a background…

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WednesdayJun 21, 2023 2:37 pm

NetworkNewsBreaks – Starco Brands, Inc.’s (STCB) Whipshots(R) Highly Recognized in 2023 SIP Awards

Starco Brands (OTCQB: STCB), a company with an unwavering mission to invent and acquire consumer products and brands with behavior-changing technologies that spark excitement in the everyday, today announced that Whipshots(R), the groundbreaking vodka-infused whipped cream, won three prestigious medals in the 2023 SIP Awards. In this year’s internationally recognized consumer-judging spirits competition, the boozy whipped cream received a Best of Class Platinum tasting award as well as the Consumers’ Choice Award and Innovation Award. “We're so appreciative that Whipshots was highly recognized in this year’s competition,” said Ross Sklar, CEO of Starco Brands. “Having received a Double Gold medal…

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WednesdayJun 21, 2023 2:23 pm

NetworkNewsBreaks – Silo Pharma Inc. (NASDAQ: SILO) Secures US Patent for SPU-21 Treatment for Autoimmune Disease

Silo Pharma (NASDAQ: SILO), a developmental stage biopharmaceutical company focused on merging traditional therapeutics with psychedelic research, today announced that the U.S. Patent and Trademark Office (“USPTO”) has issued U.S. Patent 16/825,371 titled “Peptide-Targeted Liposomal Delivery for Treatment, Diagnosis and Imaging of Diseases and Disorders.” According to the announcement, the new patent claims cover the company’s portfolio drug SPU-21, a peptide-guided anti-arthritis drug, as a method of selectively targeting inflamed synovial tissue. “Our SPU-21 liposomal homing peptides, licensed from the University of Maryland, Baltimore, are able to identify markers of arthritic inflammation in joints and have potential for the development…

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WednesdayJun 21, 2023 1:26 pm

NetworkNewsBreaks – Knightscope, Inc. (NASDAQ: KSCP) Secures New Orders for K1 Retrofit, Call Boxes

Knightscope (NASDAQ: KSCP), a leading developer of autonomous security robots and blue light emergency communication systems, has announced its receipt of a purchase order from San Francisco Bay Area Rapid Transit (“BART”) to expand its emergency communications system with three K1 Call Boxes. In addition, a university in the northeast is updating two of its antiquated devices using the Knightscope K1 Retrofit Kit. The announcement reads, “Knightscope’s modern emergency phones and call boxes are extremely cost-effective systems that use cellular and satellite communications with optional solar power. Knightscope’s leading-edge communications products and Autonomous Security Robot (‘ASR’) services provide reliable technologies…

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WednesdayJun 21, 2023 1:02 pm

NetworkNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Announces Moratorium on New Financings, Sufficient Capital for at Least 12 Months

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced an investor financing moratorium for the balance of 2023 and that it has sufficient capital on hand for at least the next 12 months. In addition, the company confirmed that remaining investor option expires on June 30, 2023, and that its assets are unencumbered with the exception of $7.3 million outstanding debt. Mullen continues to trade at a steep discount to its current cash position of $135 million or $0.38 per share as of June 13, 2023. The company’s book value was $2.08 per share ss of its…

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WednesdayJun 21, 2023 10:58 am

NetworkNewsBreaks – Bone Biologics Corporation (NASDAQ: BBLG) Announces $5M Underwritten Public Offering

Bone Biologics (NASDAQ: BBLG), a developer of orthobiologic products for spine fusion markets, recently announced the pricing of an underwritten public offering of common stock. The company is selling 2,538,071 shares of its common stock in the offering, each at a price to the public of $1.97, for aggregate gross proceeds of approximately $5.0 million. In addition, Bone Biologics has granted the underwriters an over-allotment option, exercisable for a period of 45 days from the date of the underwriting agreement for the offering, to purchase up to an additional 253,807 common shares. Subject to customary conditions, the offering was expected…

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TuesdayJun 20, 2023 3:48 pm

NetworkNewsBreaks – Astra Energy Inc. (ASRE) Moves to Secure 207-Acre Land Package for ZCREP Project

Astra Energy (OTCQB: ASRE) today announced that it has successfully presented a feasibility report and executed documentation to secure 207 acres of land on a 33-year renewable lease with the Revolutionary Government of Zanzibar for Astra’s Zanzibar Clean and Renewable Energy Park project (“ZCREP”). Astra officials met with the president of Zanzibar, H.E. Dr. Hussein Mwinyi (“H.E.”), along with officials from Zanzibar Electricity Corporation (“ZECO”), the Ministry of Water, Energy and Minerals, and the Zanzibar Utilities Regulatory Authority, and presented the completed feasibility study for the project. H.E. restated his continued support for the ZCREP project and encouraged Astra and…

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