NetworkNewsBreaks

MondayMay 15, 2023 1:42 pm

NetworkNewsBreaks – Data443 Risk Mitigation Inc. (ATDS) Announces Strategic Acquisition of Select Assets of Israel-Based Cyren Ltd.

Data443 (OTC: ATDS), a data security and privacy software company for “All Things Data Security,” today announced its entry into a definitive agreement to acquire select assets from Cyren Ltd. According to the announcement, the acquisition will expand Data443’s capabilities and product offerings, solidifying its position as a market leader in the data security and privacy industry. “Cyren is a leader in emerging and high-volume risk mitigation for some of the world’s largest name brand organizations we all use today,” said Jason Remillard, Data443’s CEO and founder. “This business has a tremendous track record, providing fast-breaking threat detection services and…

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MondayMay 15, 2023 1:32 pm

NetworkNewsBreaks – Progressive Care Inc. (RXMD) Releases Record breaking Q1 2023 Financial Results

Progressive Care (OTCQB: RXMD), a personalized healthcare services and technology provider, is reporting its financial results for the first quarter ended March 31, 2023. According to the report, the company saw record quarterly revenue; the report showed a $11.4 million revenue for the first quarter, a 13% increase from the first quarter ended March 31, 2022. Other highlights include total pharmacy revenue increasing by $1.3 million, or 13%; prescription revenue increased by $1.8 million, or 21%, to total $10.4 million during the first quarter of 2023; 340B contract revenue for the quarter was $1.6 million, an increase of $1.2 million; gross…

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MondayMay 15, 2023 1:10 pm

NetworkNewsBreaks – FSD Pharma Inc. (NASDAQ: HUGE) (CSE: HUGE) (FRA: 0K9A) Reports Filing of Complaint, Update on Spin-Out Transaction

FSD Pharma (NASDAQ: HUGE) (CSE: HUGE) (FRA: 0K9A), a biopharmaceutical company dedicated to building a portfolio of innovative assets and biotech solutions for the treatment of challenging neurodegenerative, inflammatory and metabolic disorders, is reporting that a complaint against the company and its subsidiary, FSD Biosciences Inc., was filed on May 1, 2023. The complaint was filed in the United States District Court for the Southern District of Florida by GBB Drink Lab Inc. FSD Pharma received a copy of the complaint on May 9, 2023. According to the announcement, the complaint states that “FSD breached a mutual nondisclosure agreement and…

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MondayMay 15, 2023 11:15 am

NetworkNewsBreaks – Freight Technologies Inc. (NASDAQ: FRGT) Announces Preliminary Q1 2023 Revenue

Freight Technologies (NASDAQ: FRGT) (“Fr8Tech”) is a technology company offering its custom-developed Fr8App, an industry-leading freight-matching platform powered by AI and machine-learning that offers a real-time portal for B2B cross-border and domestic shipping within the USMCA region. The company today announced first quarter 2023 revenue for the quarter ended March 31, 2023. Fr8Tech reported preliminary revenue of $3.3 million for Q1 2023, down from a strong $5.3 million for Q1 2022. “We had a very good Q1 a year ago. In contrast, this last quarter we had difficulty with securing capacity in a very tight carrier market during Q1 of…

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FridayMay 12, 2023 1:43 pm

NetworkNewsBreaks – Boustead Securities, Upstream Featured in CryptoCurrencyWire Audio Production

Boustead Securities, a corporate finance firm, and blockchain-powered securities exchange and trading app Upstream, were featured in the latest CryptoCurrencyWire Audio Production, a part of IBN’s sustained effort to provide specialized content distribution via widespread syndication channels. Boustead CEO Keith Moore and Upstream Co-Founder Mark Elenowitz joined the program to discuss Upstream and the advantages it offers to retail traders, while sharing how Boustead Securities is leveraging Upstream as a secondary sale option for traders. “Boustead is a broker-dealer focused primarily on raising capital for growth companies, both privately and publicly,” Moore said. “We believe in the financial circle of…

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FridayMay 12, 2023 1:11 pm

NetworkNewsBreaks – Lexaria Bioscience Corp. (NASDAQ: LEXX) Secures $2M in Public Offering

Lexaria Bioscience (NASDAQ: LEXX, LEXXW), a global innovator in drug delivery platforms, has announced the closing of its public offering of 2,106,000 units, with each consisting of one share of common stock and one warrant to purchase one share of common stock. Each unit was sold at a public offering price of $0.95. The warrants are immediately exercisable at a price of $0.95 per share and expire five years from the date of issuance. The shares of common stock and accompanying warrants were only purchasable together in the offering but were issued separately and immediately separable upon issuance. Gross proceeds…

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FridayMay 12, 2023 12:31 pm

NetworkNewsBreaks – FingerMotion Inc. (NASDAQ: FNGR) Announces Strategic Cooperation Agreement with Migu Video

FingerMotion (NASDAQ: FNGR), a big data company with revenue streams from mobile recharge, SMS, and Insuretec services, today announced its entry into a cooperation agreement between Migu Video Technology Co. Ltd. (“Migu Video”) and FingerMotion’s contractually controlled subsidiary, Shanghai JiuGe Information Technology Co. Ltd. The agreement seeks to start in-depth collaboration on overseas hardware and terminal business. Migu Video is a wholly owned subsidiary of China Mobile’s Migu Culture Technology Co. Ltd., which is the sole streaming content producer of Migu Culture in the video field. It is regarded the first to establish a multi-channel network (“MCN”) in China. Key…

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FridayMay 12, 2023 12:13 pm

NetworkNewsBreaks – Progressive Care Inc. (RXMD) Secures Additional $1M Investment From NextPlat Corp. (NASDAQ: NXPL)

Progressive Care (OTCQB: RXMD), a personalized healthcare services and technology provider, has announced its successful completion of a transaction of $1 million investment from NextPlat (NASDAQ: NXPL, NXPLW), a global e-commerce provider. In connection with the $1 million investment, the company sold to NextPlat 455,000 newly issued units, with each comprised of one share of the company’s common stock and one warrant to purchase a share of common stock and a per-unit purchase price of $2.20. In addition, Charles M. Fernandez, who serves as chairman and CEO of both Progressive Care and NextPlat, Rodney Barreto, vice chairman of Progressive Care…

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FridayMay 12, 2023 11:37 am

NetworkNewsBreaks – Knightscope, Inc. (NASDAQ: KSCP) Robot Show to Take the Spotlight in Dallas

Knightscope (NASDAQ: KSCP), a leading developer of autonomous security robots and blue light emergency communication systems, has announced that AT&T will host its 83rd Robot Roadshow in downtown Dallas. The engaging experiential event will land on May 23-24, 2023, at the AT&T Discovery District in Dallas, Texas, from 8:00 a.m. to 4:00 p.m. Central Time. To date, the Robot Roadshow has made 82 landings in 25 states and Washington, D.C. The announcement reads, “The Robot Roadshow is an engaging experiential event used to grab attention fast, forge direct connections with potential clients, and strike up conversations about these exciting technologies…

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FridayMay 12, 2023 11:27 am

NetworkNewsBreaks — HeartBeam Inc. (NASDAQ: BEAT) Releases Q1 2023 Financial Report, Corporate Updates

HeartBeam (NASDAQ: BEAT), a cardiac technology company that has developed the first and only 3D-vector electrocardiogram ("VECG") platform for heart attack detection anytime, anywhere, is reporting its operational and financial results for the first quarter 2023, the period ended March 31, 2022. Key takeaways from the report include that the company closed on a $26.5million with a public offering and registered direct offering, raising funds that BEAT anticipates using to execute on upcoming clinical, regulatory and commercial milestones as well as extend cash runway into late 2024. In addition, the report noted that HeartBeam has adjusted its strategic focus to…

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