NetworkNewsBreaks

TuesdayMay 10, 2022 2:50 pm

NetworkNewsBreaks – SRAX Inc. (NASDAQ: SRAX), Net Savings Link Inc. (NSAV) Enter Strategic Partnership

SRAX (NASDAQ: SRAX), a financial technology company that unlocks data and insights for publicly traded companies through Sequire, its software-as-a-service (“SaaS”) platform, has entered into a partnership with Net Savings Link (OTC: NSAV), a cryptocurrency, blockchain and digital asset technology company. Under the collaboration, NSAV, though utilization of SRAX’s solutions, will maximize and accelerate its communications for interested investors and shareholders. With Sequire, NSAV will be able to secure trading data instantaneously— including level two trading data, current share price, volume, change percentages, and beyond— and enable better shareholder engagement via amplified media utilization. “We are thrilled to welcome our…

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TuesdayMay 10, 2022 2:48 pm

NetworkNewsBreaks – Tingo Inc. (TMNA), MICT Inc. (NASDAQ: MICT) Enter Definitive Merger Agreement

Tingo (OTC: TMNA), the leading agri-fintech company operating in Africa, and MICT (NASDAQ: MICT), a financial technology business principally focused on the growth and development of a suite of consumer fintech services, today announced the execution of a definitive agreement to merge and consolidate their operations. Under the merger, Tingo and MICT will create an over $900 million annual revenue and highly profitable Nasdaq-listed fintech and agri-fintech company serving the African and Asian markets with a global expansion strategy. “We are truly excited to continue our journey as a Nasdaq-listed public company through this synergistic combination with MICT,” said Dozy…

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TuesdayMay 10, 2022 2:41 pm

NetworkNewsBreaks – SPYR Technologies’ (SPYR) Applied Magix Considers Expanding Product Portfolio to Add HomeKit Secure Routers

SPYR (OTCQB: SPYR) is a technology company whose subsidiary, Applied Magix Inc., develops and resells Apple(R) ecosystem compatible products in the growing multibillion-dollar smart home and connected car markets. The company today announced that it is considering developing HomeKit Secure Routers while it investigates reselling OEM HomeKit Secure Router products. “If you’re going to be setting up a HomeKit-based environment, having your router provide a secure foundation is essential. Apple has provided the specs for HomeKit Secure Routers to allow smart home owners to further secure their smart home environment, ” said Applied Magix CEO Dr. Harald Zink. “We are…

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TuesdayMay 10, 2022 2:41 pm

NetworkNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Announces FY 2021 Results

Flora (NASDAQ: FLGC), a leading all-outdoor cultivator, manufacturer and distributor of global cannabis products and brands, today released its financial and operating results for the fiscal year ended Dec. 31, 2021. “Fiscal year 2021 was a foundational year for our company as we closed our first full year of revenues. In 2022, we anticipate accelerating revenue growth as we activate our Wholesale and Life Sciences growth pillars, while fueling expansion in our global House of Brands,” said Luis Merchan, chairman and CEO of Flora. “We are proud of the milestones we achieved in 2021, including the completion of key strategic…

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TuesdayMay 10, 2022 2:35 pm

NetworkNewsBreaks – Friendable Inc. (FDBL) Fan Pass Live, 360 Artist Offering Landed by Music Artist Bigga$tate

Friendable (OTC: FDBL), a mobile technology and marketing company, is sharing the impact its Fan Pass platform has had on the careers of its artists. Specifically, the company noted that, since 2020, Bigga$tate began a relationship with Friendable and Fan Pass, and that partnership has elevated his career. Bigga himself called out the Fan Pass team, giving the company accolades for its support and noting that he has chosen the platform as his exclusive streaming, merch and content partner. The artist noted that “Fan Pass Live has been the only sponsor that has truly elevated my career in the way all…

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TuesdayMay 10, 2022 2:30 pm

NetworkNewsBreaks – Cybin Inc. (NEO: CYBN) (NYSE American: CYBN), Kernel Share Preliminary Results from Flow Feasibility Study

Cybin (NEO: CYBN) (NYSE American: CYBN), a biopharmaceutical company focused on progressing Psychedelics to Therapeutics(TM), and its partner Kernel, are reporting preliminary data that confirm the ability of Kernel’s quantitative neuroimaging technology, Flow, to successfully measure neuro-effect of ketamine. Kernel is a leader in noninvasive neuroimaging. According to the announcement, results of a Cybin-sponsored feasibility study indicate that ketamine-induced changes in functional connectivity continued for several days after administration. Specifically, Kernel Flow successfully measured the neuro-effect of ketamine over 11 days (baseline at Days 1-5, dosing at Day 6, follow-up at Days 7-11); in addition, the results confirmed changes in functional…

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TuesdayMay 10, 2022 2:21 pm

NetworkNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Announces Positive Initial Results, Progression to next Stage of Solid-State Polymer Battery Testing

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced an update on Mullen’s solid-state polymer battery testing with the Battery Innovation Center (“BIC”) in Indiana. According to the update, BIC has completed the cell preconditioning in preparation for cell performance cycling. The C/20 preconditioning format is to establish cell capacity baseline. BIC will enter into high rate cycling as part of the performance-based cycling with those results forthcoming. “I am pleased with the initial preconditioning results on our solid-state polymer battery cell and we’re progressing to the next stage of testing with BIC,” said David Michery, CEO…

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TuesdayMay 10, 2022 2:10 pm

NetworkNewsBreaks – FSD Pharma Inc. (NASDAQ: HUGE) (CSE: HUGE) (FRA: 0K9A) Closes CAD$16.4M Sale of Non-Core Assets

FSD Pharma (NASDAQ: HUGE) (CSE: HUGE) (FRA: 0K9A), a life sciences holding company dedicated to building a portfolio of assets and biotech solutions, today announced the closing of the sale of the company’s former cannabis processing facility located in Cobourg, Ontario, Canada, for gross proceeds of CAD$16,400,000 in cash. “This is a major accomplishment and puts us in a good position going forward especially considering the current state of the capital markets. While most companies have taken huge write-downs on dispositions of cannabis-related assets, we were able to net significant profit from selling the facility,” said Anthony Durkacz, interim CEO…

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TuesdayMay 10, 2022 11:27 am

NetworkNewsBreaks – Austin Gold Corp. (NYSE American: AUST) Secures $13.85M in IPO

Austin Gold (NYSE American: AUST) recently announced the closing of its initial public offering of 3,265,000 of its common shares, each at a price of $4.00. The company also announced that the underwriters have exercised their option to acquire an additional 489,750 shares to cover overallotments in connection with the offering. The company has received approximately $13.85 million in net proceeds after the underwriting discount and estimated offering expenses. Roth Capital Partners acted as sole book-running manager and Pacific Century Securities acted as a co-manager for the offering. To view the full press release, visit https://nnw.fm/NLTxk About Austin Gold Corp.…

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TuesdayMay 10, 2022 10:51 am

NetworkNewsBreaks – Cepton Inc. (NASDAQ: CPTN) Announces Webinar to Showcase Lidar Applications in Smart Infrastructure

Cepton (NASDAQ: CPTN), a Silicon Valley innovator and leader in high-performance MMT(R) lidar solutions, together with Lidar News will host a free webinar at 10:30 a.m. PT/1:30 p.m. ET on Tuesday, May 24, 2022. The webinar will focus on the use of lidar to enable higher levels of accuracy and efficiency of smart infrastructure applications, with examples of real-world deployments. Interested parties should visit https://nnw.fm/17KOi to register for the event. “As Cepton CEO Dr. Jun Pei always says, people’s desire for safety will never end,” said Cepton’s Director of Product Management and Marketing, Klaus Wagner. “Lidar not only enables high-precision…

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