NetworkNewsBreaks Archive - Page 694 of 2081

TuesdayAug 09, 2022 2:13 pm

NetworkNewsBreaks – Mobiv Acquisition Corp. (NASDAQ: MOBVU) Announces Closing of IPO and Exercise of Full Over-Allotment Option

Mobiv Acquisition Corp. (NASDAQ: MOBVU) has announced the closing of its initial public offering of 8,700,000 units at $10.00 per unit. According to the update, each unit consists of one share of Class A common stock and one redeemable warrant. Each warrant entitles the holder to purchase one share of Class A common stock, each at a price of $11.50. The underwriters exercised their over-allotment option in full for an additional 1,305,000 units on Aug. 4, 2022, and the over-allotment option was closed with the offering. Aggregate gross proceeds to Mobiv, including the over-allotment, total $100,050,000, prior to deducting underwriting…

TuesdayAug 09, 2022 1:19 pm

NetworkNewsBreaks – SPYR Inc. (SPYR) Launches World’s Smallest IoT Tracking Device

SPYR (OTCQB: SPYR), a diversified technology company developing products and leveraging the Internet of Things (“Iot”) for consumer use and large-scale applications and industries, and its subsidiary GeoTraq, have unveiled the Micro-Tracker(TM) Modem, the world’s smallest IoT tracking device. The new device blends miniscule size — it’s the size of a postage stamp — with unparalleled compatibility and reporting abilities. The device can be attached to or inserted inside an unlimited array of devices, assets, packages, equipment and power tools to provide location information. In addition, the Micro-Tracker features state-of-the-art technology designed to offer global connectivity along with cellular location technology; in…

TuesdayAug 09, 2022 1:14 pm

NetworkNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Announces Preliminary Q3 Results

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced preliminary third-quarter results. According to the update, in addition to recent highlights and successes for the company and its EV programs, Mullen is in a strong financial position, with approximately $99 million in cash and cash equivalents on hand as of Aug. 8, 2022. Among the highlights, the company reported asset growth of 391% and positive working capital of $27,656,446. “It’s an exciting and pivotal time for Mullen as we continue to experience exceptional growth,” said David Michery, CEO and chairman of Mullen Automotive. “We’ve been focused on…

TuesdayAug 09, 2022 12:50 pm

NetworkNewsBreaks – Odyssey Health Inc.’s (ODYY) Dr. Jacob VanLandingham, Brett Favre Featured in ‘Get Authentic’ Podcast

Odyssey Health (OTC: ODYY), a company focused on developing unique, life-saving medical products, was featured in a recent episode of Get Authentic with Marques Ogden, a podcast series delivering honest, unfiltered and real-time stories from legendary athletes and industry leaders. NFL Hall of Famer Brett Favre and Dr. Jacob VanLandingham, head of drug development for Odyssey Health, joined the program, where Dr. VanLandingham discussed the unique selling proposition of Odyssey’s development pipeline. Favre also discussed the last days of his NFL career and his focus as a member of Odyssey’s sports advisory board. “My last play [in the NFL] was…

TuesdayAug 09, 2022 12:39 pm

NetworkNewsBreaks – InMed Pharmaceuticals Inc. (NASDAQ: INM) Announces Board Appointment, Changes

InMed Pharmaceuticals (NASDAQ: INM), a leader in the research, development, manufacturing and commercialization of rare cannabinoids, today announced the appointment of Nicole Lemerond to its board of directors, effective immediately. Lemerond is a financial executive with over 25 years of experience in investment management, private equity, investment banking and leveraged finance. Throughout her career, she has established and led health care groups at leading investment firms and has also worked at several large financial institutions, including Lehman Brothers and The Carlyle Group. Concurrent with Lemerond’s appointment, Adam Cutler has decided to transition off the board of directors. Cutler has served…

TuesdayAug 09, 2022 11:55 am

NetworkNewsBreaks – Cybin Inc. (NEO: CYBN) (NYSE American: CYBN) Unveils Equity Program, Releases Q1 Financial Report

Cybin (NEO: CYBN) (NYSE American: CYBN), a biopharmaceutical company focused on progressing Psychedelics to Therapeutics(TM), has announced an at-the-market equity program allowing the company to issue and sell up to $35 million of common shares. According to the announcement, the shares can be sold “from time to time” through the Neo Exchange, the NYSE American LLC or any other “marketplace” upon which the shares are listed, quoted or traded, at the prevailing market price at the time of sale. The company anticipates using any proceeds from the sales of these shares for growth opportunities and working capital initiatives. In addition, Cybin…

TuesdayAug 09, 2022 10:14 am

NetworkNewsBreaks — Cepton Technologies Inc. (NASDAQ: CPTN) Releases Q2 2022 Financial Report, Corporate Update

Cepton Technologies (NASDAQ: CPTN) is reporting its financial results for the second quarter 2022, the period ended June 30, 2022; the report also included business updates for the Silicon Valley innovator and leader in high-performance Micro Motion Technology(RM) (“MMT”) lidar solutions. Highlights of the report included news of CPTN’s OEM Series production execution, including continued ramp of D-sample shipments for end delivery to multiple OEM vehicle manufacturing plants across multiple states as well as the completion of a lead-OEM site audit of the company’s Japan manufacturing facility; in addition, the report noted that Cepton has selected Fabrinet as key submodule supplier…

MondayAug 08, 2022 3:00 pm

NetworkNewsBreaks – EverGen Infrastructure Corp. (TSX.V: EVGN) (OTCQB: EVGIF) Working to Build Framework for Carbon-Negative Energy Production

EverGen (TSX.V: EVGN) (OTCQB: EVGIF), a leading Canadian renewable energy company and renewable natural gas (“RNG”) platform, is working to develop the sustainable infrastructure that contributes to carbon-negative energy production. “EverGen has been methodically and quickly expanding its footprint across Canada under the moniker of ‘Canada’s Renewable Natural Gas Infrastructure Platform.’ At the end of December 2020, EverGen raised over $30 million and acquired two RNG projects in British Columbia to get operations rolling. In 2021, EverGen bought Fraser Valley Biogas Ltd., nailed down offtake agreements for its RNG with FortisBC, a unit of Newfoundland-based Fortis Inc., Canada’s biggest private…

MondayAug 08, 2022 1:49 pm

NetworkNewsBreaks – Eat Well Investment Group Inc. (CSE: EWG) (OTC: EWGFF) (FRA: 6BC0) Announces Advisory Board Appointment, Expansion of Credit Facilities

Eat Well Investment Group (CSE: EWG) (OTC: EWGFF) (FRA: 6BC0), a publicly-traded investment company, today announced its appointment of Dr. Bernhard van Lengerich to its advisory board to assist management with investment insight and general corporate strategy related to the company’s plant-based investment portfolio. Dr. Bernhard van Lengerich holds a PhD in food/biotechnology from the Technical University of Berlin, Germany, and has served in senior leadership positions at some of the largest food and food tech companies in the world, including General Mills, RJR Nabisco, Unilever, Beyond Meat and the Buehler Group. “We are honored to welcome Bernhard to Eat…

MondayAug 08, 2022 1:42 pm

NetworkNewsBreaks – Correlate Infrastructure Partners Inc. (CIPI) Shares Comments on Historic US Climate Bill

Correlate Infrastructure Partners (OTCQB: CIPI), a technology-enabled energy optimization and clean-energy solutions provider for the U.S. commercial real estate industry, has released comments regarding the U.S. proposed climate bill. The bill is aimed to reduce greenhouse gas emissions below 2005 levels, which would be a reduction of 40%; the reduction is designed through a series of initiatives that will directly benefit solar consumers by 2030. According to the company, the bill will fund and credit production of and investment in renewable energy and carbon reduction technologies, such as solar, solar storage and EV technologies; will include an increase of the…

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