News Archives - Page 23 of 128

WednesdayFeb 19, 2025 3:01 pm

TechMediaBreaks – Digital Ally Inc. (NASDAQ: DGLY) Secures $15M in Underwritten Public Offering

Digital Ally (NASDAQ: DGLY), which develops, manufactures and markets advanced video recording products and other critical safety products for a growing variety of industries and organizational functions, has announced the closing of its firm commitment underwritten public offering. The company secured approximately $15.0 million in gross proceeds from the offering, which closed on Feb. 14, 2025. As detailed in the announcement, Digital Ally granted Aegis Capital Corp. a 45-day option to purchase additional shares of common stock and/or warrants to cover over-allotments, if any. Aegis acted as the sole book-running manager for the offering. Sullivan & Worcester LLP acted as…

WednesdayFeb 19, 2025 10:30 am

TechMediaBreaks – Sekur Private Data Ltd. (CSE: SKUR) (OTCQX: SWISF) (FSE: GDT0) Outlines 2025 Growth Plans, Nasdaq Uplisting Strategy

Sekur Private Data (CSE: SKUR) (OTCQB: SWISF) (FSE: GDT0) released a shareholder update from CEO Alain Ghiai, highlighting 2024 achievements and outlining an ambitious roadmap for 2025. The Swiss-hosted cybersecurity company reported strong recurring revenue from its SaaS model and announced the upcoming launch of its Sekur Corporate Suite, aimed at expanding enterprise adoption. Sekur also reaffirmed its commitment to a planned Nasdaq uplisting by the end of Q2 2025, having already engaged an investment banking firm. With a growing global presence in over 30 countries, the company remains focused on scaling its secure communications platform and increasing shareholder value.…

WednesdayFeb 19, 2025 10:12 am

TechMediaBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Reports Record Quarterly Revenue, Expands EV Sales and Battery Production

Mullen Automotive (NASDAQ: MULN) reported its strongest quarter to date, invoicing over $4.4 million and receiving $6 million for vehicle deliveries in Q1 FY2025. The company highlighted growth in its commercial EV segment, with new sales across multiple industries, including home services, floral, and coffee distribution. Bollinger Motors delivered 20 Class 4 B4 trucks, generating $2.8 million in revenue, while expanding its sales and service network to over 50 locations. Mullen also advanced its U.S. battery production capabilities with three new battery lines and a $55 million DOE funding request. Despite these developments, the company reported a net loss of…

TuesdayFeb 18, 2025 8:30 am

TechMediaBreaks – D-Wave Quantum Inc. (NYSE: QBTS) Offers On-Premises Quantum Computing Systems for Research and Government Use

D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”) announced that it is making its Advantage™ quantum computing systems available for purchase by research centers, academic institutions, and governments, enabling on-premises quantum experimentation and development. D-Wave expects the move, which is highlighted by Forschungszentrum Jülich’s recent acquisition of a D-Wave Advantage system, to drive advanced research and new discoveries in areas such as artificial intelligence (AI) and quantum simulation. The offering includes shipping, installation, calibration, ongoing maintenance, and assistance with local hybrid quantum solver setup. Additionally, D-Wave introduced the "Quantum Uplift" program, offering incentives for organizations dissatisfied with competitor quantum systems. To view the…

FridayFeb 14, 2025 3:33 pm

TechMediaBreaks – ParaZero Technologies Ltd. (NASDAQ: PRZO) Secures $3.1M in Registered Direct

ParaZero Technologies (NASDAQ: PRZO), an aerospace company focused on safety systems for commercial unmanned aircrafts and defense Counter UAS systems, has announced the closing of its registered direct offering with institutional investors for the purchase and sale of approximately $3.1 million of ordinary shares and pre-funded warrants at a price of $1.10 per ordinary share. The company secured approximately $3.1 million in aggregate gross proceeds from the offering, of which it intends to use the net, together with its existing cash, for general corporate purposes and working capital. Aegis Capital Corp. acted as exclusive placement agent for the offering. Greenberg…

ThursdayFeb 13, 2025 1:18 pm

TechMediaBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Announces 1-for-60 Reverse Stock Split to Maintain Nasdaq Listing

Mullen Automotive (NASDAQ: MULN), an electric vehicle manufacturer, announced a 1-for-60 reverse stock split of its common stock, set to take effect Feb. 18, 2025, at 12:01 a.m. Eastern. The move aims to help the company regain compliance with Nasdaq’s $1.00 minimum bid price requirement. Mullen’s stock will continue trading under the existing symbol MULN on a split-adjusted basis when markets open that day. Stockholders approved the reverse split at a Jan. 31 special meeting, authorizing a range between 1-for-2 and 1-for-100, with the board finalizing the 1-for-60 ratio. No fractional shares will be issued, and holdings will be rounded…

ThursdayFeb 13, 2025 12:37 pm

TechMediaBreaks – Meta Platforms Inc. (NASDAQ: META) Opens Facebook Marketplace to Rival Classified Ad Providers

Meta Platforms (NASDAQ: META) announced that it will allow competing classified ad service providers to list their ads on Facebook Marketplace. This move comes three months after the company was fined €797 million by the European Commission for giving its own service an unfair advantage. The new initiative, called the Facebook Marketplace Partner Program, enables third-party online classified ad service providers to display their consumer-to-consumer inventory alongside other third-party and Facebook user listings. Meta has already tested this program in Germany, France, and the United States with eBay. As of February 13, 2025, Meta's stock is trading at $723.52, down…

TuesdayFeb 11, 2025 2:28 pm

TechMediaBreaks – SolarBank Corp. (NASDAQ: SUUN) (CSE: SUNN) Advances New York Community Solar Projects

Disseminated on behalf of SolarBank Corporation SolarBank (NASDAQ: SUUN) (CSE: SUNN) announced progress on two community solar projects in Skaneateles, N.Y., after securing positive interconnection results through a Coordinated Electric System Interconnection Review. The projects, with a combined capacity of 14.4 MW DC, are planned for industrial brownfield sites and are eligible for incentives under the New York State Energy Research and Development Authority’s NY-Sun Program. Pending permits and financing, SolarBank intends to begin construction, aiming to provide cost-saving solar energy access to renters and homeowners through the local power grid. To view the full press release, visit https://ibn.fm/olTfv About…

TuesdayFeb 11, 2025 12:50 pm

TechMediaBreaks – Meta Platforms Inc. (NASDAQ: META) Achieves Record 16-Day Rally Amid AI Advancements

Meta Platforms (NASDAQ: META) has set a new record with a 16-day consecutive stock rally, the longest in Nasdaq 100 history. This surge is attributed to the company's aggressive investments in artificial intelligence, which have enhanced user engagement on Facebook and Instagram. CEO Mark Zuckerberg highlighted that improvements to AI-driven content recommendations have increased time spent on these platforms by 8% and 6%, respectively. As of February 11, 2025, Meta's stock is trading at $717.25, experiencing a slight decrease of 0.02% from the previous close. The day's trading range has been between $711.62 and $717.54, with an opening price of…

MondayFeb 10, 2025 3:44 pm

TechMediaBreaks – Ceragon Networks Ltd. (NASDAQ: CRNT) Completes Strategic Acquisition of End 2 End Technologies LLC

Ceragon (NASDAQ: CRNT), a leading solutions provider of end-to-end wireless connectivity, has completed the acquisition of End 2 End Technologies, a U.S. systems integration and software development company that serves private networks, primarily in the energy and utilities markets. End 2 End Technologies brings unique expertise, providing radio frequency communications in both broadband and narrowband advanced network infrastructure solutions. The company specializes in the design and implementation of core voice and data networks, including traditional routing and switching technologies, as well as advanced security, wireless, mobility, and optical networks. Roth Capital Partners served as financial advisor to Ceragon. For more…

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