NetworkNewsBreaks

FridayDec 16, 2022 2:11 pm

NetworkNewsBreaks – CubCrafters Inc. Eyes Soaring Opportunity in Light and Ultralight Aircraft Sector

CubCrafters, a best-in-class backcountry aircraft producer, is leveraging the anticipated growth of the light and ultralight aircraft market. The sector is projected to grow from $7.5 billion in 2022 to $11.9 billion in 2030, driven by the increasing number of backcountry enthusiasts. “‘Light aircraft’ is classified as any aircraft with a maximum gross takeoff weight of 12,500 pounds or less and most commonly used for general aviation purposes,” a recent article explains. “The company focuses on four main product lines – the Carbon Cub FX, NXCub, XCub, and Carbon Cub EX kits. The models are built to be lightweight and…

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FridayDec 16, 2022 12:41 pm

NetworkNewsBreaks – Lelantos Holdings Inc. (LNTO) Issues Update on Official Merger, Acquisition of Lelantos Energy

Lelantos Holdings (OTC: LNTO), formerly ProConcept Marketing Group Inc., has announced an update in regard to finalizing its merger, which is intended to fully complete the process of establishing Lelantos Holdings as a public entity on the OTC Market. Previously approved by FINRA for its name change, symbol change and reverse split, the company currently trades under the symbol LNTO. On Nov. 14, 2022, Lelantos Holdings Inc., a Florida entity, filed the required Articles of Merger merging Lelantos Holdings Incorporated, a Nevada corporation, into the company with a requested effective date of Nov. 22, 2022. However, due to current processing…

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FridayDec 16, 2022 12:15 pm

NetworkNewsBreaks – BiondVax Pharmaceuticals Ltd. (NASDAQ: BVXV) Releases Pricing on Public Offering, Expects to Raise $8M

BiondVax Pharmaceuticals (NASDAQ: BVXV), a biotech company focused on developing, manufacturing and commercializing innovative immunotherapeutic products primarily for the treatment of infectious and autoimmune diseases, announced the pricing of its underwritten public offering. According to the announcement, the company anticipates gross proceeds from the offering, which consists of 1,600,000 units and prefunded units, to reach an estimated $8 million. The company specified that each unit consists of one American Depositary Share (“ADS”) and two warrants; one warrant will expire three years from the date of issuance with the second warrant set to expire one year from the date of issuance.…

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FridayDec 16, 2022 11:18 am

NetworkNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) to Contribute to Domestic Energy Security, Supply U308 to US Uranium Reserve

Energy Fuels (NYSE American: UUUU) (TSX: EFR), a leading U.S. producer of uranium and rare earth elements (“REE”), today announced that it has been awarded a contract to sell $18.5 million of natural uranium concentrates (“U3O8”) to the U.S. government for the establishment of a strategic “Uranium Reserve.” The U.S. National Nuclear Security Administration (“NNSA”), an office within the U.S. Department of Energy (“DOE”), is tasked with purchasing domestic U3O8 and conversion services for the Uranium Reserve, intended as a backup source of supply for domestic nuclear power plants in the event of a significant market disruption. “Energy Fuels is…

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FridayDec 16, 2022 10:24 am

NetworkNewsBreaks – InMed Pharmaceuticals Inc. (NASDAQ: INM) Shares Annual General Meeting Results

InMed Pharmaceuticals (NASDAQ: INM), a leader in the pharmaceutical research, development and manufacturing of rare cannabinoids and cannabinoid analogs, is reporting on the results of its 2022 annual meeting. The meeting of shareholders was held Dec. 15, 2022. During the meeting, shareholders considered and voted on all matters outlined in InMed’s notice of meeting and management information circular. Specifically, the election of directors was held, and shareholders approved the election of all director nominees to hold office until the next annual meeting of shareholders. Those directors included Eric Adams, Andrew Hull, Janet Grove, Bryan Baldasare, and Nicole Lemerond. To view…

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ThursdayDec 15, 2022 3:53 pm

NetworkNewsBreaks – MICT Inc. (NASDAQ: MICT) Regains Compliance with Nasdaq Listing Requirements

MICT (NASDAQ: MICT), which recently acquired the operating business and assets of Tingo (OTC: TMNA) (“Tingo Mobile Limited” or “Tingo Mobile”), announced that it has received a bid price compliance letter from the Nasdaq Stock Market LLC. The letter informs MICT that it has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) for continued listing on the Nasdaq. MICT was previously notified that it was not in compliance with the rule due to its common stock failing to meet the closing bid price of $1.00 or more for 30 consecutive business days. To regain compliance,…

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ThursdayDec 15, 2022 3:17 pm

NetworkNewsBreaks – Knightscope, Inc. (NASDAQ: KSCP) Announces New ASR Deployment to One of Nation’s Largest Parking Service Providers

Knightscope (NASDAQ: KSCP), a developer of advanced physical monitoring technologies focused on enhancing U.S. facility operations, has partnered with ABM Industries Inc. (NYSE: ABM) to provide surveillance and security at an international airport parking facility. ABM is one of the nation’s largest parking service providers; the company has built a reputation as a leading provider of integrated facility services, parking and transportation management solutions, as well as electric vehicle (“EV”) charger installations. As part of the partnership, Knightscope is introducing innovative new automated monitoring measure and parking infrastructure improvements. According to the announcement, Knightscope Autonomous Security Robots (“ASRs”) will navigate and monitor…

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ThursdayDec 15, 2022 1:27 pm

NetworkNewsBreaks – EverGen Infrastructure Corp. (TSX.V: EVGN) (OTCQX: EVGIF) Investing in Projects Across Canada to Build Clean Energy Future

EverGen (TSX.V: EVGN) (OTCQX: EVGIF) is dedicated to a net-zero future that leverages energy sources like renewable natural gas (“RNG”). “EverGen is committed to expanding RNG infrastructure across Canada by investing in projects in British Columbia, Alberta and Ontario. The company recently broke ground at its West coast Fraser Valley Biogas RNG expansion project with the goal of doubling production volumes to approximately 160,000 GJ of RNG per year. Across the country in Ontario, the company recently acquired a 50% interest in Project Radius, which includes three projects collectively capable of producing approximately 1.7 million GJ of RNG per year,”…

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ThursdayDec 15, 2022 1:14 pm

NetworkNewsBreaks – Reklaim Ltd. (TSX.V: MYID) (OTCQB: MYIDF) Positioned to Support Brands with Consumer-Verified, Consensual Data

Reklaim (TSX.V: MYID) (OTCQB: MYIDF), the destination for consumers to access and reclaim their data, is positioned to fill the void amid regulations designed to protect information privacy. “With the aim of protecting consumers, the California Consumer Privacy Act (‘CCPA’) and amendments provided by the California Privacy Rights Act (‘CPRA’) are gradually transforming the advertising landscape by limiting data flows to brands and advertisers… The CCPA’s initial provisions give consumers the right to know what data is collected, why it is collected, if it is sold and what party bought the information. They also offer the right to delete this…

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ThursdayDec 15, 2022 12:49 pm

NetworkNewsBreaks – Coyuchi Inc. Poised to Provide Greater Access to Sustainable Living

Coyuchi, the gold standard for organic luxury home goods for sustainable living, recently announced it had reached $1 million in capital raising as part of its first public offering under Regulation A+ (Reg A+) authorization. “For the unique investment opportunity, Coyuchi has engaged Manhattan Street Capital – with share prices starting at $4.50 and a minimum investment of $450. Through the Reg A+ authorization, potential investors gain access to shares in Coyuchi – an opportunity previously reserved for only the wealthiest 2%... When announcing the Reg A+ authorization, Eileen Mockus, CEO and president at Coyuchi, said smart investing means investing…

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