NetworkNewsBreaks

FridayDec 22, 2023 3:40 pm

NetworkNewsBreaks – The Beachbody Company Inc. (NYSE: BODY) Announces $5,300,000 Registered Direct

The Beachbody Company (NYSE: BODY) (“BODi”), a leading subscription health and wellness company, recently announced its entry into a definitive securities purchase agreement with certain institutional investors for the purchase and sale of 543,590 shares of the company’s common stock (or common stock equivalents) at a purchase price of $9.75 per share of common stock (or common stock equivalent) in a registered direct offering. Additionally, in a concurrent private placement, the company announced that it would issue to the investors warrants to purchase up to 543,590 shares of common stock. With an exercise price of $11.24 per share, the warrants…

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FridayDec 22, 2023 2:19 pm

NetworkNewsBreaks – Diamond Lake Minerals Inc. (DLMI) CEO Talks ‘Old-School’ Vision in Benzinga Partner Interview

Diamond Lake Minerals (OTC: DLMI), which specializes in the development and support of digital assets and SEC-registered security tokens, was recently featured in a Benzinga Partner Studio interview. Brian J. Esposito, CEO of DLMI, joined the program to speak with Benzinga from the floor at the NYSE. “DLMI is a multi-strategy operating company. I was honored to have taken over as CEO in late August of this year, and you can compare us to what I’m building to an old-school GE conglomerate type of structure,” Esposito said in the interview. “Our parent umbrella, DLMI or Diamond Lake Minerals, will hold,…

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FridayDec 22, 2023 1:58 pm

NetworkNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Achieves Important Milestone, ‘Laser-Focused on Commercial Vehicle Production and Customer Deliveries’

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced its achievement of a production milestone on Dec. 13, 2023, with the 100th Mullen THREE, Class 3 cab chassis electric truck, rolling off the assembly line in Tunica, Mississippi. As of Dec. 22, 2023, the company has completed 125 Mullen THREE vehicles. A video of the 100th Mullen THREE crossing the production finish line is available on Mullen’s YouTube channel and website. “This is an important milestone for Mullen and demonstrates our EV assembly plant in Tunica is scaling up to meet the commercial vehicle production schedule that…

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FridayDec 22, 2023 1:16 pm

NetworkNewsBreaks — Cepton Inc. (NASDAQ: CPTN) Receives Indication of Interest from Koito Manufacturing Co.

Cepton (NASDAQ: CPTN), a Silicon Valley innovator and leader in high-performance lidar solutions, has received a nonbinding indication of interest from Koito Manufacturing Co. Ltd. Koito indicated an interest in acquiring 100% of the outstanding shares of the company not already owned by Koito or certain other potential rollover participants; those participants include Cepton president and CEO Dr. Jun Pei. The terms of any potential agreement between the two companies would be based on certain conditions, which were outlined in the announcement. The announcement noted that Cepton’s board of directors will carefully evaluate Koito’s indication of interest. “No assurance can be…

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ThursdayDec 21, 2023 5:32 pm

NetworkNewsBreaks – 5AM Global’s Interstellar Soiree to Spotlight Evolution of Emerging Technology in Stunning Venue

5AM Global recently announced the kickoff of its upcoming event, Interstellar Soiree, a groundbreaking in-person and virtual world tour that showcases the ongoing evolution of AI and robotics. Set to transform the tech world, Interstellar Soiree will take place live at Worre Studios on Jan. 10, 2024. The one-day celebration will offer tech brands and pioneers access to live funding pitch sessions, tech awards and interactive discussions. Hosted by SophiaVerse and sisters of the iconic Sophia the Robot: Grace and Desi, the event continues the “Future of…” Series, focusing on accelerating exposure, adoption and funding in key areas of emerging…

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ThursdayDec 21, 2023 5:22 pm

NetworkNewsBreaks — Longeveron Inc. (NASDAQ: LGVN) Enters Definitive Agreement for $2.36M Registered Direct Offering

Longeveron (NASDAQ: LGVN), a clinical-stage biotechnology company developing cellular therapies for life-threatening and chronic aging-related conditions such as hypoplastic left heart syndrome (“HLHS”), Alzheimer’s disease and Aging-Related Frailty, has announced a $2.36 million registered direct offering. The company entered into a definitive agreement for the issue and sale of 1,355,301 shares of common stock, priced at $1.745 per share. In addition, the company announced a concurrent private placement comprised of the issue and sale of unregistered warrants to purchase up to 1,355,301 additional shares common stock. According to the announcement, the warrants will have an exercise price $1.62 per share…

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ThursdayDec 21, 2023 4:58 pm

NetworkNewsBreaks – WEED Inc.’s (BUDZ) HEMP BioSciences Inc. Receives Full Suite of Industrial Hemp Licenses from State of Arizona

WEED (OTCQB: BUDZ) is a global cannabis and hemp bioresearch company based in the U.S. focused on the development and application of cannabis–derived compounds for the treatment of human and animal diseases. The company, together with its HEMP BioSciences Inc. (“HEMP”) division, today announced its intention to expand into consumer packaged goods utilizing its rare Landrace strains including Original Panama Red, Acapulco Gold, Red Bud Colombian and Santa Marta Gold. “HEMP has been issued all required licenses for Industrial HEMP; Growing, Nursery, Harvester, Transporter and Processor licenses under Title 3-Chapter 2-Article 4.1 of The Arizona Department of Agriculture,” said Nicole…

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ThursdayDec 21, 2023 4:54 pm

NetworkNewsBreaks – PaxMedica Inc. (NASDAQ: PXMD) Files 8-K Following Nasdaq Compliance Achievement

In a significant corporate update, PaxMedica (NASDAQ: PXMD) today filed an 8-K with the Securities and Exchange Commission, disclosing its successful compliance with Nasdaq’s minimum equity requirements. Journey Towards Compliance PaxMedica's compliance journey began on December 6, 2022, when Nasdaq noted its inability to meet the Minimum Market Value of Listed Securities Requirement of $35 million over 30 days. PaxMedica faced potential delisting in June 2023 but successfully appealed and, after a Nasdaq Hearings Panel review, received an exception to remain listed, subject to meeting specific financial criteria. Achieving and Announcing Compliance With the recent notification from Nasdaq, PaxMedica has…

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ThursdayDec 21, 2023 4:45 pm

NetworkNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Announces Delivery of 38 Class 3s to Randy Marion Automotive Group

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced the delivery of 38 additional Class 3 vehicles to Randy Marion Automotive Group (“RMA” or “Randy Marion”) with the company invoicing RMA for $2.5 million. Randy Marion has committed to 1,000 Class 3 vehicles for a total of $63 million, with the majority of the vehicles to be delivered in calendar year 2024. As previously reported, Class 3 production at Mullen’s Tunica, Mississippi, facility is planned for 150 vehicles for 2023, with total capacity for Class 3 planned at 3,000 vehicles annually per shift. “The Mullen THREE product…

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ThursdayDec 21, 2023 3:30 pm

NetworkNewsBreaks — Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Completes Final Stage of Demo Plant Commissioning, Begins DOD Demonstration Program

Ucore Rare Metals (TSX.V: UCU) (OTCQX: UURAF), a leading developer of rare earth element (“REE”) processing technology, has completed the third and final stage of planned commissioning procedures at the company's RapidSX(TM) Commercial Demonstration Plant; the company has also begun the U.S. Department of Defense (“DoD") demonstration program. The demo plant is situated at Ucore's 5,000-square-foot RapidSX Commercialization and Demonstration Facility in Kingston, Ontario; the facility is operated by Ucore's commercialization partner, Kingston Process Metallurgy Inc. “Since early this year, the company has been testing, adjusting and optimizing its 52-stage demo plant to meet its RapidSX commercialization and demonstration deployment objectives…

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