TechMediaBreaks Archive - Page 23 of 140

MondayJan 27, 2025 10:53 am

TechMediaBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Reports FY2024 Results and Highlights Commercial EV Growth

Mullen Automotive (NASDAQ: MULN) reported a net loss of $471 million for the fiscal year ending Sept. 30, 2024, an improvement from the prior year's $964.9 million loss. FY2024 revenues increased to $1.1 million, driven by invoicing 443 commercial vehicles valued at $21 million, up from 35 vehicles invoiced in FY2023. The company achieved significant milestones, including the production and certification of its Class 1 and Class 3 EVs, as well as Bollinger Motors' Class 4 electric trucks, which generated $4.2 million in revenue since their September 2024 launch. CEO David Michery acknowledged challenges in the EV sector but emphasized…

MondayJan 27, 2025 8:30 am

TechMediaBreaks – D-Wave Quantum Inc. (NYSE: QBTS) Unveils Leap Quantum LaunchPad™ Program to Accelerate Adoption of Quantum Computing

D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems and the world’s first commercial supplier of quantum computers, has launched the Leap Quantum LaunchPad™ program to advance quantum computing application deployment. The initiative offers a three-month free trial granting access to D-Wave's technology, including its Advantage™ quantum computers and Leap™ cloud service, along with expert technical guidance. Aimed at helping businesses tackle complex optimization challenges, the program supports rapid exploration, development, and production of quantum and hybrid-quantum applications. Chief Revenue Officer Lorenzo Martinelli highlighted the program’s potential to enable organizations to address critical problems with quantum technologies. Additionally,…

FridayJan 24, 2025 2:30 pm

TechMediaBreaks – Trump Media & Technology Group Corp.’s (NASDAQ: DJT) Market Activity Amid Political Changes

Trump Media & Technology Group (NASDAQ: DJT), known for its ownership of the Truth Social platform, is experiencing notable market activity. The company, which has been a focal point for investors due to its association with President Donald Trump, is navigating a volatile stock environment. Despite recent fluctuations, DJT remains a significant player in the media and technology sector. In the wake of President Trump’s return to office, DJT shares have seen a 10% decline, trading around $36. This drop is part of a broader trend, with prices falling from January highs above $40 and pre-election peaks over $50. However,…

FridayJan 24, 2025 10:16 am

TechMediaBreaks – Thumzup Media Corp. (NASDAQ: TZUP) Allocates Surplus Cash to Bitcoin Amid Treasury Asset Strategy

Thumzup (NASDAQ: TZUP) announced that its Board of Directors has authorized allocating up to 90% of its surplus cash to Bitcoin, aligning with its Treasury Asset Strategy unveiled on Nov. 15, 2024. This move reflects the company's confidence in Bitcoin as a long-term store of value and aims to enhance financial stability and shareholder value. CEO Robert Steele emphasized optimism for digital assets following President Trump's recent initiatives at Davos, including an executive order establishing the President's Working Group on Digital Asset Markets. Additionally, Thumzup plans to pay gig-economy workers in Bitcoin in the coming weeks, reinforcing its commitment to…

ThursdayJan 23, 2025 2:28 pm

TechMediaBreaks – Thumzup Media Corp. (NASDAQ: TZUP) Poised to Tap into Lucrative Market, Empower Creators, Businesses

Thumzup (NASDAQ: TZUP), a company at the forefront of modernizing the social media branding and marketing industry, recently announced its strategic expansion into South Florida. “This marks a milestone for the company as it moves to become a leader in digital marketing,” reads an article discussing Thumzup and its innovative platform, which enables individuals to get paid cash for posting about participating advertisers on major social media outlets. “Our expansion into South Florida not only positions Thumzup to tap into a lucrative market but also underscores our commitment to empowering local creators and businesses,” said Thumzup’s CEO Robert Steele. “We…

ThursdayJan 23, 2025 2:25 pm

TechMediaBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Addresses Nasdaq Compliance Notice Over Delayed SEC Filing

Mullen Automotive (NASDAQ: MULN) an electric vehicle manufacturer, disclosed it has received a notice from Nasdaq regarding non-compliance with Listing Rule 5250(c)(1) due to the delay in filing its Annual Report on Form 10-K for the fiscal year ended Sept. 30, 2024. The notice does not immediately impact the trading of the company's stock on the Nasdaq Capital Market, but failure to address the issue could lead to delisting. Mullen has 60 days to file the report or submit a compliance plan, with the possibility of an extension up to 180 days if approved. The company aims to file the…

ThursdayJan 23, 2025 1:51 pm

TechMediaBreaks – HUB Cyber Security Ltd. (NASDAQ: HUBC) Nears Completion of BlackSwan Technologies Acquisition

HUB Cyber Security (NASDAQ: HUBC) (“HUB Security”) announced that its acquisition of BlackSwan Technologies is on track to close on or about Jan. 28, 2025, following the signing of a definitive agreement on Jan. 15. The final steps involve completing routine regulatory and contractual requirements. CEO Noah Hershcoviz described the acquisition as transformative, positioning HUB as a leader in secured data fabric solutions while creating opportunities for cross-selling and cost optimization to enhance profitability and cash flow. To view the full press release, visit https://ibn.fm/Ip7Q6 About HUB Security Ltd. HUB Cyber Security (“HUB”) was established in 2017 by veterans of…

ThursdayJan 23, 2025 12:31 pm

TechMediaBreaks – Massimo Group (NASDAQ: MAMO) to Participate in The Microcap Conference 2025

Massimo Group (NASDAQ: MAMO), a leading manufacturer and distributor of powersports vehicles and pontoon boats, announced that CFO Dr. Yunhao Chen will represent the company at The Microcap Conference 2025, held Jan. 28-30 at the Borgata Hotel Spa & Casino in Atlantic City, N.J. Dr. Chen will host one-on-one investor meetings and deliver a live presentation during the event. To view the full press release, visit https://ibn.fm/fen5A About Massimo Group Massimo Group (NASDAQ: MAMO) is a manufacturer and distributor of powersports vehicles and pontoon boats. Founded in 2009, Massimo Motor believes it offers some of the most value packed UTV's, off-road, and…

ThursdayJan 23, 2025 12:12 pm

TechMediaBreaks – SuperCom Ltd. (NASDAQ: SPCB) Reduces Debt Through Premium Share Issuance and Amended Terms

SuperCom (NASDAQ: SPCB) announced the issuance of 100,000 ordinary shares at $43.74 per share, a significant premium to the market price, to pay down $4.374 million in debt as part of an amendment with its senior lender. The amendment extends the debt maturity to Dec. 31, 2028, eliminates monthly interest and amortization payments, and allows interest to accrue until maturity, enhancing the company's financial flexibility. This paydown completes a 32% reduction in total debt over the past year, freeing cash flow to support SuperCom’s global growth strategies. CEO Ordan Trabelsi highlighted the company's recent successes, including expanding into six new…

ThursdayJan 23, 2025 10:40 am

TechMediaBreaks – FingerMotion Inc. (NASDAQ: FNGR) Secures Contracts for Emergency Response Communication Platform

FingerMotion (NASDAQ: FNGR), announced that it has been awarded contracts to equip emergency response vehicles with its Advanced Mobile Integrated Command and Communication Platform ("C2 Platform") following a competitive tender process. Developed in collaboration with JiuGe Technology, a subsidiary, and SAIC Maxus, the C2 Platform integrates mobile, satellite, and private networks, enabling real-time, uninterrupted communication for first responders. CEO Martin Shen highlighted the platform's role in enhancing emergency coordination and response efficiency, emphasizing plans to expand its market presence through strategic partnerships. To view the full press release, visit https://ibn.fm/r8nrA About FingerMotion Inc. FingerMotion is an evolving technology company with…

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