News Archives - Page 78 of 177

TuesdayJan 07, 2025 1:30 pm

TechMediaBreaks – Meta Platforms Inc. (NASDAQ: META) Adjusts Content Moderation Strategy

Meta (NASDAQ: META), the parent company of social media giants Facebook and Instagram, is making significant changes to its content moderation strategy. The company, led by CEO Mark Zuckerberg, has decided to end its fact-checking program on these platforms. This decision aligns with Meta’s commitment to promoting “free speech” and fostering open dialogue among users. In place of the fact-checking program, Meta plans to introduce a “Community Notes” feature. This feature is similar to one already available on X, aiming to engage users in content moderation. This shift reflects Meta’s ongoing efforts to balance the need for content moderation with…

MondayJan 06, 2025 1:25 pm

TechMediaBreaks – Rumble Inc.’s (NASDAQ: RUM) Financial Journey and Tether’s Investment Impact

Rumble (NASDAQ: RUM) is a company that went public in 2022, aiming to build an internet infrastructure free from censorship. It competes with major players like YouTube and AWS. Despite its ambitious goals, Rumble has faced financial challenges, reporting a net loss of $116 million in 2023 and an additional $102 million in the first three quarters of 2024. Shares of RUM have recently reached 52-week highs, experiencing a remarkable 300% increase in value since their January lows. This surge is largely due to a substantial $775 million investment from Tether Limited, the company behind the stablecoin Tether (“USDT”). Tether…

MondayJan 06, 2025 10:45 am

TechMediaBreaks – SuperCom Ltd. (NASDAQ: SPCB) Expands U.S. Presence with GPS and Domestic Violence Monitoring Contract in Alabama

SuperCom (NASDAQ: SPCB) has secured a contract with an Alabama government agency to deploy its advanced GPS tracking and domestic violence monitoring solutions, marking the company’s fifth state entry since August 2024 and its 10th U.S. contract in 60 days. The agreement includes the implementation of SuperCom’s PureSecurity GPS Tracking and PureProtect technologies, which feature real-time location tracking and anti-tamper mechanisms. This milestone reflects rapid U.S. market acceptance of SuperCom’s offender electronic monitoring technologies, contributing to public safety and offender accountability. CEO Ordan Trabelsi highlighted the U.S. market’s growth potential, noting its size and operational efficiencies compared to Europe, as the…

MondayJan 06, 2025 10:40 am

TechMediaBreaks – SolarBank Corp. (NASDAQ: SUUN) (CSE: SUNN) Sells New York Solar Projects to Qcells in $49.5 Million Deal

SolarBank (NASDAQ: SUUN) (CSE: SUNN) has announced the sale of four ground-mount solar power projects under development in upstate New York to Qcells, a subsidiary of Hanwha Solutions (KRX: 009830). The projects, totaling 25.577 MW, will be developed and constructed by SolarBank under engineering, procurement and construction (“EPC”) agreements valued at approximately $49.5 million. These community solar projects, leveraging U.S.-manufactured equipment, are expected to benefit from New York's NY-Sun Program incentives. SolarBank anticipates retaining operations and maintenance contracts post-construction. Qcells highlighted its commitment to strengthening domestic solar manufacturing as part of a broader $2.8 billion investment in clean energy. To…

FridayJan 03, 2025 11:57 am

TechMediaBreaks – Cyngn Inc. (NASDAQ: CYN) Closes $9M Registered Direct

Cyngn (NASDAQ: CYN), a developer of AI-powered autonomous driving software solutions for industrial applications, has announced the closing of its registered direct offering priced at-the-market under Nasdaq rules for the purchase and sale of an aggregate of 15,000,000 shares of common stock (or pre-funded warrants in lieu thereof) at a purchase price of $0.60 per share (or $0.5999 for each pre-funded warrant). Cyngn secured gross proceeds of $9.0 million 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…

FridayJan 03, 2025 8:00 am

TechMediaBreaks – SuperCom Ltd. (NASDAQ: SPCB) Secures New Public Safety Contracts in Kentucky

SuperCom (NASDAQ: SPCB), a global provider of e-Government, IoT, and cybersecurity solutions, announced two new contracts with key Kentucky agencies to deploy its advanced public safety technologies. The contracts, which displaced incumbent competitors, demonstrate SuperCom's growing U.S. presence and its ability to deliver tailored electronic monitoring and rehabilitation solutions. President and CEO Ordan Trabelsi highlighted the company's expanding footprint in Kentucky and its role in enhancing public safety infrastructure through innovative tools like PureProtect. These latest wins underscore SuperCom's momentum as a leading provider of public safety technologies across the U.S. To view the full press release, visit https://ibn.fm/Q6QXa About SuperCom…

ThursdayJan 02, 2025 2:51 pm

TechMediaBreaks – HUB Cyber Security Ltd. (NASDAQ: HUBC) Positions to Capitalize on Future Opportunities

HUB Cyber Security (NASDAQ: HUBC) (“HUB”), a leader in cybersecurity and advanced data fabric solutions, today provided an update on recent filings and share registrations. According to the announcement, the company filed an update to its registration statement with the U.S. Securities and Exchange Commission on Dec. 31, 2024. “These updates are a key part of our strategy to strengthen HUB's financial position and support future growth,” said Noah Hershcoviz, CEO of HUB. “By addressing important financial elements, we’re positioning the company to capitalize on future opportunities while ensuring transparency with our investors.” To view the full press release, visit…

ThursdayJan 02, 2025 12:48 pm

TechMediaBreaks – CISO Global Inc.’s (NASDAQ: CISO) Upward Trajectory Featured in Investing.com Article

CISO Global (NASDAQ: CISO), a premier cybersecurity solutions provider, was featured in a recent Investing.com article. The piece discusses CISO reaching a new 52-week high, with its stock price climbing to $3.61. “The micro-cap company, valued at $34 million, has seen its revenue grow by approximately 35% over the last twelve months, though InvestingPro data indicates the stock may be overbought at current levels. This milestone reflects a significant surge in investor confidence, as evidenced by the impressive 89% year-to-date return,” the article reads. “While the company operates in the growing cybersecurity sector, its gross profit margin of 13% suggests…

ThursdayJan 02, 2025 12:27 pm

TechMediaBreaks – Aegis Capital Corp. Acts as Agent on $5.48M Private Placement for Zoomcar Holdings Inc. (NASDAQ: ZCAR)

Aegis Capital has been in the wealth management and investment banking business since 1984 and is dedicated to providing corporate finance, strategic advisory and related services to public and private companies across multiple sectors and regions. Aegis announced that it acted as the exclusive placement agent on a $5.48 million private placement for Zoomcar Holdings (NASDAQ: ZCAR). For more information, visit https://ibn.fm/EWHqb About Zoomcar Holdings Inc. Founded in 2013 and headquartered in Bengaluru, Zoomcar is a leading marketplace for car sharing focused in India. The Zoomcar community connects hosts with guests, who choose from a selection of cars for use…

ThursdayJan 02, 2025 12:05 pm

TechMediaBreaks – Aegis Capital Corp. Acts as Sole Bookrunner on a $10.35M IPO for Youxin Technology Ltd (NASDAQ: YAAS)

Aegis Capital has been in the wealth management and investment banking business since 1984 and is dedicated to providing corporate finance, strategic advisory and related services to public and private companies across multiple sectors and regions. Aegis announced that it acted as the sole bookrunner on a $10.35 million initial public offering (“IPO”) for Youxin Technology (NASDAQ: YAAS). To view the full press release, visit https://ibn.fm/gohLx About Youxin Technology Ltd Youxin Technology, together with its subsidiaries, operates as a cloud-based software-as-a-service (“SaaS”) and platform-as-a-service (“PaaS”) provider in Mainland China. Its cloud-based SaaS product and PaaS platform help retail enterprises digitally…

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