TechMediaBreaks Archive - Page 26 of 137

ThursdayDec 26, 2024 3:03 pm

TechMediaBreaks – Cyngn Inc. (NASDAQ: CYN) Closes $20M Follow-On Offering

Cyngn (NASDAQ: CYN), a developer of AI-powered autonomous driving software solutions for industrial applications, has announced the closing of a follow-on offering, priced at the market, with gross proceeds to the company of approximately $20.0 million. The transaction closed on Dec. 23, 2024. Cyngn intends to use the net proceeds from the offering, together with its existing cash, for general corporate purposes and working capital. Aegis Capital Corp. acted as exclusive placement agent for the offering. Sichenzia Ross Ference Carmel LLP acted as counsel to the company, and Kaufman & Canoles, P.C. acted as counsel to Aegis. To view the…

ThursdayDec 26, 2024 2:18 pm

TechMediaBreaks – Thumzup Media Corp. (NASDAQ: TZUP) Reports Strong Growth and Strategic Expansion into South Florida

Thumzup (NASDAQ: TZUP), a rising leader in social media branding and programmatic marketing, continues to demonstrate robust growth, with its advertiser base surpassing 600, just weeks after exceeding 500. The company attributes this success to its innovative platform, which empowers advertisers to connect with diverse audiences through authentic, user-generated content while offering monetary incentives to app users. Recent integrations with X (formerly Twitter) and a partnership with Tedras Global Solutions to leverage AI further enhance Thumzup’s ad targeting and campaign optimization capabilities, solidifying its disruptive position in the digital advertising landscape. Building on this momentum, Thumzup has strategically expanded into…

ThursdayDec 26, 2024 9:25 am

TechMediaBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Secures Class 3 EV Truck Order from Westland Floral

Mullen Automotive (NASDAQ: MULN) has received a purchase order for two Class 3 EV trucks, the Mullen THREE, from Westland Floral. The trucks, customized by Phenix Truck Bodies in California, were delivered through Pritchard Commercial and include California HVIP incentives, emphasizing cost and environmental benefits. The Mullen THREE, designed for urban last-mile delivery, boasts a 38-foot turning diameter, over 5,800 pounds of payload, and easy upfitting capabilities. Mullen’s EV lineup meets strict U.S. safety and emissions standards and offers substantial savings through state and federal incentive programs, including up to $45,000 in California rebates. To view the full press release,…

MondayDec 23, 2024 2:51 pm

TechMediaBreaks – Resonance Launches Full-Spectrum Cybersecurity Tool

Resonance Security is a cybersecurity company providing full-spectrum solutions protecting institutions, small businesses, web3, and individuals against the increasing threat of cyberattacks. The company today announced its release of PulseCheck, a free and secure cybersecurity assessment tool designed for complete scope analysis. “We’ve made the decision to never leave any institution, small business, or individual behind when it comes to cybersecurity. It’s become way too easy for hackers, and we need to do something about it immediately. We’ve made cybersecurity easy for any budget, technical level, and any circumstance,” said Resonance founder and CEO Charles Dray. “Resonance is all in…

MondayDec 23, 2024 12:06 pm

TechMediaBreaks – SuperCom Ltd. (NASDAQ: SPCB) Launches New Electronic Monitoring Project in Latvia for Domestic Violence Prevention

SuperCom (NASDAQ: SPCB), a provider of secure e-Government, IoT and cybersecurity solutions, has launched a new electronic monitoring project in Latvia, marking its third national contract in the country. Utilizing its PureSecurity EM Suite, featuring GPS tracking, secure communications, and real-time monitoring, SuperCom will support the Latvian State Police in preventing and responding to domestic violence cases while enhancing public safety. CEO Ordan Trabelsi emphasized the project’s role in expanding SuperCom's European presence and addressing the growing global demand for domestic violence prevention solutions, highlighting its leadership in innovative public safety technologies. To view the full press release, visit https://ibn.fm/uxMMw…

FridayDec 20, 2024 8:00 am

TechMediaBreaks – FingerMotion Inc. (NASDAQ: FNGR) Announces $5 Million Direct Offering to Institutional Investors

FingerMotion (NASDAQ: FNGR), a mobile services and data company, has entered into a definitive securities purchase agreement with institutional investors for the sale of 3,333,336 shares of common stock and warrants to purchase up to 5,000,004 shares at a combined price of $1.50 per share and warrant. The common warrants are exercisable immediately at $1.50 per share and have a five-year term. Expected to close by Dec. 23, 2024, the offering is anticipated to generate $5.0 million in gross proceeds, to be used for general corporate purposes. Roth Capital Partners is acting as the exclusive placement agent for the offering,…

ThursdayDec 19, 2024 2:57 pm

TechMediaBreaks – Snap Inc. (NYSE: SNAP) Expands Revenue-Sharing Program to Boost Creator Earnings

Snap’s (NYSE: SNAP) Snapchat is expanding its revenue-sharing program to offer top creators more ways to earn money. This move is designed to boost monetization options, potentially increasing both earnings and engagement for creators on the platform. By enhancing these opportunities, Snapchat aims to strengthen its position in the competitive social media landscape. The current stock price of SNAP is $11.37, marking a 1.29% increase or $0.15. This reflects investor optimism, possibly influenced by the new revenue-sharing initiative. The stock has fluctuated today, trading between $11.14 and $11.57, indicating active market interest. Over the past year, SNAP’s stock has seen…

ThursdayDec 19, 2024 11:11 am

TechMediaBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Expands U.S. Battery Manufacturing with Updated DOE Proposal

Mullen Automotive (NASDAQ: MULN) has submitted a revised plan to the U.S. Department of Energy (“DOE”) to bolster domestic battery production at its Mishawaka, Indiana, and Fullerton, California, facilities. The company has invested $12 million to date, with an additional $43 million planned, seeking $55 million in matching DOE funds under a program funded by the Bipartisan Infrastructure Law. Mullen’s plan prioritizes high-volume battery production at Mishawaka, a former GM Hummer facility, which will be upgraded to a capacity of 108,000 battery systems annually. Fullerton will focus on research, development, and prototype production. Mullen's strategic acquisitions and infrastructure investments position…

WednesdayDec 18, 2024 1:45 pm

TechMediaBreaks – Why Thumzup Media Corp. (NASDAQ: TZUP) Is ‘One to Watch’

Thumzup (NASDAQ: TZUP) is at the forefront of modernizing the marketing industry with its unique platform designed to connect advertisers directly with everyday social media users. “The company’s mission is to empower individuals by turning their authentic social media activity into a monetizable asset while providing brands with cost-effective and impactful advertising solutions,” reads a recent article. “Through its flagship Thumzup platform, the company offers a seamless system where users post about participating advertisers and receive cash payments via Venmo or PayPal. Thumzup recently announced plans to integrate bitcoin as an additional payment option, expanding accessibility for gig economy workers.” To…

WednesdayDec 18, 2024 11:14 am

TechMediaBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Reports $5.5M in EV Sales and Significant Cost Reductions

Mullen Automotive (NASDAQ: MULN) announced sales of 100 Class 1 and Class 3 electric cargo vans and trucks since Sept. 30, 2024, generating $5.5 million in revenue. The company has also reduced its monthly burn rate from $16.8 million in August to $5.3 million in October and November. CEO David Michery highlighted growing demand for sustainable transportation solutions and ongoing discussions with government agencies and large fleets. The Mullen ONE and Mullen THREE commercial EVs meet strict U.S. emissions standards and qualify for various state and federal incentives, including up to $45,000 in rebates. To view the full press release,…

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