NetworkNewsBreaks

TuesdayJun 27, 2023 11:42 am

NetworkNewsBreaks – Mullen Automotive Inc.’s (NASDAQ: MULN) Series D Holders Exercise Final $100M Investment Option

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced that on June 23, 2023, its Series D investors exercised their final option, expiring June 30, 2023, for $100 million. The move resulted in additional funding of $100 million to the company. Mullen now has more than $235 million in cash and cash equivalents on its balance sheet, which is after expending $253 million-plus for two completed acquisitions that added valuable, unencumbered assets for the majority ownership in Bollinger Motors and certain assets related to Electric Last Mile Solutions (“ELMS”). “We are in the best financial position in…

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TuesdayJun 27, 2023 11:28 am

NetworkNewsBreaks – Knightscope, Inc. (NASDAQ: KSCP) Featured in Recent Ascendiant Capital Markets Report with Buy Rating, $3.50 Per Share Price Target

Knightscope (NASDAQ: KSCP), a leading developer of autonomous security robots (“ASRs”) and blue light emergency communication systems, is spotlighted in a recent Ascendiant Capital Markets LLC report. According to the report, Ascendiant initiates coverage on the company's stock with a buy rating and a price target of $3.50 per share. An investment banking and equity research firm, Ascendiant focuses on high-growth sectors and has an expertise in technology, healthcare, and other emerging industries. In the report, Ascendiant shares its extensive research on and analysis of Knightscope's business model and also reports on the company’s technological advancements and market potential. Based…

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TuesdayJun 27, 2023 11:04 am

NetworkNewsBreaks – iHealthScreen Announces Successful Fundraising Efforts, Reaches $150K on StartEngine

iHealthScreen, an artificial intelligence (“AI”)-based health-screening company, announced that it has raised $150,000 on StartEngine. An AI-driven, HIPAA-compliant medtech company, iHealthScreen uses AI to screen for retinal diseases, stroke and heart disease and prevent blindness, deaths and disabilities. In addition to the $150,000 raised on StartEngine, iHealthScreen has raised more than $3 million in seed and NIH funding. The company offers investors a unique opportunity to capitalize on AI-driven, health-screening software developed by medical professionals. According to the company, testing for certain diseases and conditions can be cost prohibitive, and primary care providers often don't have resources to do more…

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MondayJun 26, 2023 3:42 pm

NetworkNewsBreaks – MoonLake Immunotherapeutics’ (NASDAQ: MLTX) Shares See Significant Increase Based on Success of IL-17 Nanobody Phase 2 Trial

MoonLake (NASDAQ: MLTX), a clinical-stage biotechnology company focused on creating next-level therapies for inflammatory diseases, has announced positive top-line results from its global phase 2 MIRA trial. The trial (“M1095-HS-201”) evaluated the efficacy and safety of the Nanobody(R) Sonelokimab in patients with moderate-to-severe hidradenitis suppurativa (“HS”). MoonLake’s shares closed nearly $20.00 up on the day to $45.95 following the recent news. “As part of our efforts to elevate outcomes for patients, we set an ambitious goal for our Nanobody(R) Sonelokimab to ‘meet or beat’ the best results shown in pivotal-like trials of competitors,” said Jorge Santos da Silva, PhD, founder…

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MondayJun 26, 2023 3:03 pm

NetworkNewsBreaks – NextPlat Corp. (NASDAQ: NXPL) Now Included in Russell Microcap(R) Index

NextPlat (NASDAQ: NXPL, NXPLW), a global e-commerce provider, is joining the Russell Microcap(R) Index, effective today. The company announced that it will be included following the conclusion of the 2023 Russell indexes annual reconstitution. According to the announcement, Russell Microcap Index membership is in effective for one year and consists of automatic inclusion in the appropriate growth and value style indexes. The announcement observed that objective, market-capitalization rankings as well as style attributes are primarily used by FTSE Russell to determine membership of index members. “NextPlat's inclusion in the Russell Microcap Index is important recognition of the value of our global…

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MondayJun 26, 2023 12:28 pm

NetworkNewsBreaks – Flow Co-Founder Discusses Web3 and Technical Innovation in CryptoNewsAudio Production

Layne Lafrance, co-founder of Flow, a decentralized, public, layer-one blockchain designed for building Web3 experiences for mainstream users, was featured in the latest CryptoNewsAudio production. Lafrance joins the interview to discuss her background and path leading up to her role with Flow and journey in the web3 space. “I was one of the co-founders of CryptoKitties in 2017. It was an incredible landmark moment for the Ethereum network – bringing it to a halt,” Lafrance said. “Prior to endeavoring to build the future of consumer applications and web3, I spent some time working with a company called Heartisans in Hong…

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MondayJun 26, 2023 11:49 am

NetworkNewsBreaks – Blockchain Life 2023 to Bring Thousands Together for Dubai Forum

Blockchain Life 2023, one of the biggest crypto and web3 events in the world, is scheduled to be held in Dubai on Oct. 24–25, 2023. The elite event attracts an array of influential figures, including heads of global funds, government officials, investors, business owners and promising startups. The event focuses on shaping the future of cryptocurrencies and web3 and is estimated to attract some 7,000 participants from more than 120 countries. The event will include more than 80 speakers, with some of the industry’s best-known experts and leaders sharing key information and insight. Presenters include TRON founder H.E. Justin Sun,…

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MondayJun 26, 2023 11:37 am

NetworkNewsBreaks – Nautilus, Inc. (NYSE: NLS) Announces $5M Registered Direct Offering

Nautilus (NYSE: NLS) recently announced its entry into a definitive securities purchase agreement with a certain institutional investor for the purchase and sale of 4,098,362 shares of its common stock (or common stock equivalents), each at a purchase price of $1.22, in a registered direct offering. In addition, in a concurrent private placement, Nautilus announced that it would issue the investor warrants to purchase up to 4,098,362 shares of common stock. The warrants, with an exercise price of $1.35 per share, will have a 5 1/2-year term and be exercisable six months following the date of issuance. From gross proceeds…

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MondayJun 26, 2023 11:24 am

NetworkNewsBreaks – Canna-Global Acquisition Corp. (NASDAQ: CNGL) Moves to Acquire New Quantum

Canna-Global Acquisition Corp. (NASDAQ: CNGL) (“Canna-Global”), a special purpose acquisition company, recently entered a definitive bid implementation and business acquisition agreement with Sydney-based New Quantum Holdings Pty Ltd., a provider of cutting-edge wealth management all-in-one fintech-as-a-service (“FaaS”). The planned acquisition will result in New Quantum becoming a wholly owned subsidiary of Canna Global and expected listing on the Nasdaq Global Market under the ticker symbol NQH. New Quantum CEO Jong Chung remarked that the transaction will unleash significant value for both companies by allowing New Quantum to offer its all-in-one FaaS in the abundant U.S. market and provide another avenue…

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MondayJun 26, 2023 10:58 am

NetworkNewsBreaks — Reflex Advanced Materials Corp. (CSE: RFLX) (OTCQB: RFLXF) (FSE: HF2) Contracts with CGI for Initial Drill Program, Reprices Warrants

Reflex Advanced Materials (CSE: RFLX) (OTCQB: RFLXF) (FSE: HF2), a mineral exploration company, has engaged Childs Geoscience Inc. (“CGI”) to manage the initial drill program at its Ruby Graphite Deposit, located in Beaverhead County, Montana. According to the announcement, Reflex anticipates the program to begin later this month. The program will consist of at least 3,500 meters of diamond core drilling. In addition, CGI will also move forward with other geological studies at the project, including geophysical surveys and outcrop inspection and sampling; the company will also prepare key technical reports. CGI offers skilled, competent personnel ranging from field technicians and…

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