TechMediaBreaks Archive - Page 55 of 153

TuesdaySep 17, 2024 2:00 pm

TechMediaBreaks – Alphabet Inc.’s (NASDAQ: GOOGL) Acquisition Strategies Under Antitrust Scrutiny

Alphabet (NASDAQ: GOOGL, GOOG), a tech giant known, through Google, for its search engine and a plethora of digital services, is currently under the microscope for its acquisition strategies, particularly the purchase of AdMeld in 2011. This move, as reported by TechXplore on Sept. 17, 2024, is being scrutinized in an antitrust trial led by the Justice Department. The trial accuses Google of buying up emerging competitors, such as DoubleClick in 2008 and Invite Media, to cement its dominance in the online advertising market. This strategy is seen as an attempt to eliminate competition and control a larger share of…

TuesdaySep 17, 2024 1:03 pm

TechMediaBreaks – D-Wave Quantum Inc. (NYSE: QBTS) to Host Upcoming Qubits UAE 2024 Quantum Computing Event Showcasing ‘Success Powered by Quantum’

D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software and services, announced that it is holding the first-ever Qubits UAE 2024 quantum computing event in Dubai. D-Wave is hosting the event with Staque, a leading consulting and development practice in AI, blockchain and quantum computing, with the support of Staque’s regional partner SquareOne. Scheduled for September 20, 2024, Qubits UAE will showcase “success powered by quantum today” through real-world business optimization use cases, progress in quantum-driven AI technology, and demonstrations of annealing quantum computing performance over traditional computing. “We’re witnessing a remarkable moment in computing, as…

TuesdaySep 17, 2024 12:05 pm

TechMediaBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Inks Sales, Service Agreement with Leading Commercial Dealer Group

Mullen Automotive (NASDAQ: MULN), an electric vehicle (“EV”) manufacturer, is adding to its EV dealership network. According to the company, premier full-service dealer Papé Kenworth has become Mullen’s seventh franchise dealer partner. Based in Eugene, Oregon, Papé Kenworth, which is part of the Papé Group, has more than 30 locations and is the West's premiere, full-service Kenworth truck dealer. The dealership is partnering with Mullen to provides zero-emissions trucks for a wide range of applications as it supports customers that are adapting to comply with evolving regulations. “Papé Kenworth is a hallmark dealer and distributor with unmatched and deep experience…

TuesdaySep 17, 2024 9:00 am

TechMediaBreaks – NextPlat Corp. (NASDAQ: NXPL) Reports on Voting Held During Annual Meeting of Stockholders

NextPlat (NASDAQ: NXPL), a global e-commerce provider, has released the voting results from its Special Annual Meeting of Stockholders, which was held Sept. 13, 2024. According to the report, shareholder voted on six agenda items, including a proposal to approve and adopt the merger agreement and plan of reorganization making Progressive Care Inc. (OTCQB: RXMD) a wholly owned subsidiary of the company. The proposal was approved, with an anticipated closing date of Oct. 1, 2024. The announcement noted that Progressive Care shareholders also approved the business combination at a special meeting of shareholders held Sept. 13, 2024. Other items approved…

MondaySep 16, 2024 2:59 pm

TechMediaBreaks – Owlet Inc. (NASDAQ: OWLT) Secures $46.6M in Public Offering and Debt Refinancing

Owlet Inc. (NASDAQ: OWLT), a leader in smart infant monitoring, on Friday announced that it has successfully closed its public offering, raising $11.6 million from the sale of 3,135,136 shares of Class A common stock. Additionally, the company secured up to $35 million through a debt refinancing arrangement with Western Technology Investment and Mountain Ridge Capital, which includes a term loan facility and a revolving line of credit. These financial moves are expected to provide Owlet with increased capital and flexibility to support general corporate needs and future growth. To view the full press release, visit https://ibn.fm/oZxTW About Owlet Inc.…

MondaySep 16, 2024 2:04 pm

TechMediaBreaks – Snap Inc. (NYSE: SNAP) Joins Forces with Meta and TikTok Thrive to Combat Harmful Online Content

Snap (NYSE: SNAP), Meta Platforms Inc. (NASDAQ: META) and TikTok have taken a significant step towards addressing the growing concerns around the impact of social media on mental health by joining the Thrive initiative. This collaboration, as highlighted by TechCrunch, is spearheaded by the Mental Health Coalition (“MHC”) and aims to curb the spread of suicide and self-harm content online. Thrive’s innovative approach involves the use of a hashing system that allows platforms to identify and act on harmful content without compromising user privacy. This initiative is particularly timely, given the increasing scrutiny social media companies face regarding their role…

MondaySep 16, 2024 11:59 am

TechMediaBreaks – SuperCom Ltd. (NASDAQ: SPCB) Regains Compliance with Nasdaq Listing Rule 5550(a)(2)

SuperCom Ltd. (NASDAQ: SPCB), a global provider of secure solutions for the e-Government, IoT, and cybersecurity sectors, today announced that it received a notice from the Nasdaq Stock Market LLC. The notice stated that the company has regained compliance with Nasdaq’s minimum bid price requirement, as stipulated in Listing Rule 5550(a)(2), and will continue trading on Nasdaq. To view the full press release, visit https://ibn.fm/540UN About SuperCom Since 1988, SuperCom has been a global provider of traditional and digital identity solutions, providing advanced safety, identification, and security solutions to governments and organizations, both private and public, worldwide. Through its proprietary…

FridaySep 13, 2024 3:43 pm

TechMediaBreaks – Upstream Discusses Current Global Blockchain Regulatory Landscape, Trends in Latest Article

Upstream, a MERJ Exchange market and trading app, published a blog article today that discussed U.S. policy and how it potentially impacts global blockchain adoption. The article highlighted that uncertainty surrounding regulatory frameworks affects innovation, deters retail and institutional adoption, and creates a state of limbo for innovators and businesses alike. It further discussed countries like Japan, Singapore, Switzerland, Canada, and South Korea that have taken proactive steps to advance blockchain technology through policies, regulations, and initiatives. In contrast, the U.S. lacks clearer blockchain securities regulations, a situation that continues to impede the potential growth of the blockchain securities industry…

FridaySep 13, 2024 1:33 pm

TechMediaBreaks – Mullen Automotive Inc. (NASDAQ: MULN) to Effect 1-for-100 Reverse Stock Split

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced that it will implement a 1-for-100 reverse stock split of its common stock, par value $0.001 per share, automatically combining and converting 100 current shares of its common stock into one issued and outstanding share of common stock. The reverse stock split, approved by the company’s stockholders and the board of directors, will take effect on September 17, 2024, at 12:01 a.m. ET. Following the split, the new CUSIP number will be 62526P505, with Mullen’s common stock trading on a split-adjusted basis under the existing ticker symbol MULN.…

FridaySep 13, 2024 12:49 pm

TechMediaBreaks – SMX (Security Matters) Public Limited Company (NASDAQ: SMX) Closes $5.35 Million Private Placement

SMX (Security Matters) Public Limited Company (NASDAQ: SMX) on Thursday announced its completion of a private placement of approximately $5.35 million, consisting of Common Units and Pre-Funded Units at $1.00 per unit. The placement included Series A and Series B warrants, with Aegis Capital Corp. acting as the lead placement agent and ClearThink Securities as co-agent. The company plans to use the proceeds for corporate purposes and working capital, with 20% held in escrow for potential obligations under the terms of the warrants. To view the full press release, visit https://ibn.fm/ldTf3 About SMX (Security Matters) Public Limited Company As global…

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