News Archives - Page 85 of 138

MondayFeb 26, 2024 2:05 pm

TechMediaBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Releases Update Strategic Focus on Commercial Vehicle Segment

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, is reporting on its continued focus on the commercial vehicle segment with production and deliveries of its Class 1 and Class 3 commercial EVs. According to the announcement, the company is in full commercial production of the Class 1 and Class 3 EV vehicles while subsidiary Bollinger Motors is focused on Class 4–6 vehicles; production of the Class 4 EV is set to begin in the second half of 2024. In addition, Mullen saw positive gross margin per Class 1 and Class 3 vehicles invoiced. The company also noted that…

FridayFeb 23, 2024 11:45 am

TechMediaBreaks — Vision Marine Technologies Inc. (NASDAQ: VMAR) Enters Exclusive Distributor Agreement, Receives ‘Significant’ PO

Vision Marine Technologies (NASDAQ: VMAR), an innovator in the performance electric recreational boating industry, has entered into a “groundbreaking” partnership with Nautical Ventures Marine Group. According to the announcement, partnership includes an initial purchase order (“PO”) for 50 of VMAR’s innovative rotomolded, recyclable boat, known as the Phantom. In addition, the agreement establishes an exclusive distributorship arrangement between the two companies, identifying Nautical Ventures Marine Group, a premier provider of maritime products and services, as the sole distributor of the Phantom in the growing South Florida market. The company observed that the Phantom has already established a reputation for its…

ThursdayFeb 22, 2024 12:40 pm

TechMediaBreaks – Bravo Multinational Inc. (BRVO) Selects IBN for Corporate Communications Expertise

Bravo (OTC: BRVO), a company actively exploring opportunities in the entertainment, hospitality and technology sectors, today announced it has selected IBN, a multifaceted financial news and publishing company for private and public entities, to assist with its corporate communications initiatives. Focused on pioneering innovative solutions in the digital content landscape, Bravo aims to provide cutting-edge and diverse content experiences to a global audience. In support of this goal, Bravo, early this month, finalized a deal to acquire Steaming TVEE Inc.’s assets, providing the company with the technology and foundation to soon offer streaming services, including video on demand (“VOD”) and…

ThursdayFeb 22, 2024 11:58 am

TechMediaBreaks – SMX (Security Matters) PLC (NASDAQ: SMX) Closes on $2.9M Public Offering

SMX (Security Matters) (NASDAQ: SMX), a company that integrates chemistry, physics and computer science to give materials memory and create a culture of transparency and trust across multiple industries, has closed on an underwritten public offering. The offering was comprised of 12,124,666 ordinary shares offered at $0.24 per share; the offering included prefunded warrants if the purchase of the shares would cause the beneficial ownership of a purchaser in the offering to exceed 4.99% of the ordinary shares. The value of the offering is an estimated $2.9 million before deducting standard underwriting discounts and offering expenses. EF Hutton LLC acted as…

ThursdayFeb 22, 2024 10:15 am

TechMediaBreaks – Freight Technologies Inc. (NASDAQ: FRGT) Regains Compliance with Nasdaq Listing Rule 5550(a)(2)

Freight Technologies (NASDAQ: FRGT) (“Fr8Tech”) is a technology company with a custom-developed, industry-leading Fr8App freight-matching platform offering a real-time portal for B2B cross-border and domestic shipping within the USMCA region. The company previously announced its receipt, in August 2023, of written notification from the Nasdaq Stock Market LLC that it did not comply with the minimum bid price requirement for continued listing on the Nasdaq Capital Market per Listing Rule 5550(a)(2) because the closing bid price for the company's ordinary shares had fallen below $1.00 per share for 30 consecutive business days. On Feb. 20, 2024, Fr8Tech received notification that…

WednesdayFeb 21, 2024 1:42 pm

TechMediaBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Reports on Anticipated Timeline for Class 1 EV Cargo Vans CBP Ruling

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, is reporting an update on its U.S. Customs and Border Protection (“CBP”) application for Class 1 EV cargo vans. According to the update, CBP notified counsel on Feb. 20, 2024, that a determination on the ruling request should be made in the next one to two months. The company noted that CBP ruling requests are typically processed on a first-in, first-out basis and that decisions are usually made between 45 to 90 days, although some decisions may take longer, depending on the agency’s caseload. “On Nov. 24, 2023, Mullen and Rapid…

WednesdayFeb 21, 2024 12:11 pm

TechMediaBreaks – FingerMotion Inc. (NASDAQ: FNGR) Reports on Actions, Approvals of Annual Shareholder Meeting

FingerMotion (NASDAQ: FNGR), a mobile services and data company, is reporting on the results of its recent annual meeting of shareholders. According to the report, the meeting was held on Feb. 17. During the meeting, shareholders voted on several issues, including the election of Martin J. Shen, Hsien Loong Wong, Yew Poh Leong, Michael Chan and Eng Ho Ng as members of the company’s board of directors. Other issues that were approved by shareholders during the meeting was the appointment of Centurion ZD CPA & Co. as FingerMotion’s independent registered public accounting firm as well as executive compensation. In addition,…

TuesdayFeb 20, 2024 2:26 pm

TechMediaBreaks — SOBR Safe Inc. (NASDAQ: SOBR) Tech Adopted by Premier Concierge Addiction Treatment Provider for At-Home Alcohol Treatment Program

SOBRSafe (NASDAQ: SOBR), providers of next-generation transdermal alcohol detection solutions, announced that ALYST Health has selected the SOBRsafe(TM) technology to use in its concierge addiction treatment services. ALYST offers the first and only at-home addiction-treatment program accredited by the Joint Commission, which is the oldest and largest health care standards-setting body in the country. According to the announcement, ALYST has purchased a supply of SOBRsure(TM) alcohol-detection wristbands with plans to use them as a more flexible, humane fully at-home alcohol treatment program. ALYST company officials noted that conventional treatment centers and conventional monitoring methods don’t always provide privacy or personalized treatment. With the…

TuesdayFeb 20, 2024 2:11 pm

TechMediaBreaks — Diamond Lake Minerals Inc. (DLMI) Invests in Avrio Worldwide PBC, Acquires Stake in Company

Diamond Lake Minerals (OTC: DLMI), a new industry innovator leading the way in digital assets and SEC-registered security tokens, has made a strategic investment in Avrio Worldwide PBC. In addition, Avrio will deploy its registered digital financial market infrastructure (“dFMI”) for the tokenization of digital assets across DLMI’s network of companies and with a current market capitalization of an estimated $150 million, DLMI will acquire a 24% stake in Avrio, which is a parent company of several companies delivering licensed digital financial market infrastructure and services across public, private and digital markets. Avrio has an ATS technology that can be…

TuesdayFeb 20, 2024 10:00 am

TechMediaBreaks – Freight Technologies Inc. (NASDAQ: FRGT) Serves as ‘Distinguished Marketplace Partner’ at Seventh Annual Geotab Connect 2024 Gathering

Freight Technologies (NASDAQ: FRGT), a technology company whose custom-developed Fr8App, an industry-leading freight-matching platform powered by artificial intelligence (“AI”) and machine-learning and offering a real-time portal for B2B cross-border shipping and domestic shipping within the USMCA region, is participating in this month’s Geotab Connect 2024 event. The company received a special invitation to participate in the prestigious event, which is hosted by Geotab, a global leader in connected transportation solutions. The event was held from Feb. 14–16 in Las Vegas. According to the announcement, the three-day Geotab Connect 2024 event is designed to offer unparalleled insights into the ever-evolving landscape…

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