TechMediaBreaks Archive - Page 58 of 153

ThursdayAug 29, 2024 1:48 pm

TechMediaBreaks – Serve Robotics Inc. (NASDAQ: SERV) Closes on $20M Private Placement, Warrant Exercise

Serve Robotics (NASDAQ: SERV), a leading autonomous sidewalk delivery company, announced the August 28, 2024, closing of a securities purchase agreement expected to raise approximately $20.0 million in gross proceeds. The transaction included a private placement and a warrant exercise, each with a single institutional investor. According to the announcement, the private placement involved the purchase of pre-funded warrants to purchase 555,555 shares of the company’s common stock, together with a warrant to purchase up to an aggregate of 555,555 shares of common stock at an exercise price of $10.00 per unit. Each pre-funded warrant was sold at a purchase…

ThursdayAug 29, 2024 1:09 pm

TechMediaBreaks – SuperCom Ltd. (NASDAQ: SPCB) Expands Presence into Maryland Through Partnership with Prominent Baltimore-Based Service Provider

SuperCom Ltd. (NASDAQ: SPCB), a global provider of secure solutions for the e-Government, IoT, and cybersecurity sectors, has successfully secured a new contract with a leading Baltimore-based service provider in Maryland. Under this partnership, SuperCom has deployed its advanced GPS technology and 24/7 monitoring center services. Launched in June 2024, the contract is estimated to generate an annual recurring revenue (“ARR”) of approximately $250,000. “We are thrilled to expand our presence into Maryland through this partnership with a prominent Baltimore-based service provider. Our GPS technology and 24/7 monitoring center services are perfectly aligned to meet the needs of their clients…

ThursdayAug 29, 2024 11:36 am

TechMediaBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Subsidiary Expands National Dealer Network Westward with 20 Locations

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, is announcing that its subsidiary, Bollinger Motors, has added TEC Equipment, Inc. to its sales and service network. The move, which adds 20 select sales and service locations, expands the subsidiary’s commercial EV dealer network across all key markets in the Western United States. The new TEC dealers are in Arizona (Phoenix), California (Dixon, Fontana, La Mirada, Lathrop, Oakland, San Diego and San Francisco), Iowa (Sioux City), Nebraska (Omaha), Nevada (Las Vegas and Reno), Oregon (Eugene, Medford, Portland, Redmond and Wilsonville), South Dakota (Sioux Falls) and Washington (Lacey and Seattle).…

WednesdayAug 28, 2024 2:44 pm

TechMediaBreaks – Snap Inc. (NYSE: SNAP) Enhances Safety for Young Users with New Educator Resources

Snap (NYSE: SNAP), the parent company of Snapchat, has recently taken a significant step towards enhancing the safety of its younger users. By introducing new resources specifically designed for educators, Snapchat aims to foster safer school environments and promote responsible app usage among students. This initiative, as highlighted by TechCrunch, includes the creation of a dedicated website and a resource document that offers educators a comprehensive understanding of how students interact with the app, emphasizing Snapchat’s dedication to teen safety. The move to provide these educational resources comes at a time when SNAP’s performance on the New York Stock Exchange…

WednesdayAug 28, 2024 10:59 am

TechMediaBreaks – SOBR Safe Inc. (NASDAQ: SOBR) Launches Comprehensive B2B Marketing Campaign to Drive Sales Growth into 2025

SOBR Safe (NASDAQ: SOBR) (“SOBRsafe”), a provider of next-generation transdermal alcohol detection solutions, today announced the launch of a new national campaign to introduce the SOBRsafe(TM) technology to behavioral health providers and drive sales growth into 2025. The comprehensive B2B campaign involves partnerships with prominent national agencies across public relations and digital and social media marketing. The campaign is designed to capture over 4,000,000 projected views over 12 months, presenting SOBRsafe to more than 45,000 behavioral health decision makers. “Consistent with our strategy, we established our technology in the behavioral health vertical with our first revenue-generating customers in 2024,” said…

TuesdayAug 27, 2024 3:19 pm

TechMediaBreaks – Meta Platforms Inc. (NASDAQ: META) CEO Mark Zuckerberg Alleges Biden Administration Pressured Meta on COVID-19 Content

Mark Zuckerberg, the CEO of Meta Platforms (NASDAQ: META), has made a significant claim that puts the spotlight on the interaction between the U.S. government and social media giants during critical times. Zuckerberg alleges that senior officials from the Biden administration pressured Meta to censor content related to COVID-19 during the pandemic. This accusation underscores the complex relationship between government bodies and platforms that hold considerable influence over public discourse, especially in times of global health crises. Meta, known for its vast social media network including Facebook, Instagram, and WhatsApp, plays a pivotal role in how information is shared and consumed…

MondayAug 26, 2024 2:10 pm

TechMediaBreaks – Alphabet Inc. (NASDAQ: GOOGL) Strikes $250 Million Deal with California to Support Journalism

Alphabet’s (NASDAQ: GOOGL, GOOG) Google, a tech giant known for its search engine and various digital services, has recently made headlines with a $250 million deal with the state of California. This agreement is designed to support newsrooms across California, providing a much-needed financial boost to the journalism industry. The industry has been struggling with financial difficulties and has seen numerous layoffs over the year. This move by Google is seen as a commitment to the media sector, highlighting the company’s involvement in areas beyond its core tech operations. Despite the significant amount of money involved, some critics argue that the $250 million investment is…

MondayAug 26, 2024 10:59 am

TechMediaBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Announces ‘Landmark Agreement’ Providing Exposure to the UAE, Middle East

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced a contract worth approximately $210 million. According to the announcement, Volt Mobility, a leading United Arab Emirates (“UAE”)-based commercial leasing company, has entered into a purchase agreement to acquire 3,000 Class 1 and Class 3 EV cargo vans and trucks over a 16-month period. Mullen will receive an initial $3 million deposit within 60 days and additional payments as the EVs are delivered. The company will begin shipping the first vehicles immediately. Mullen expects to recognize approximately $210 million in revenue over the next 16 months of the…

MondayAug 26, 2024 10:32 am

TechMediaBreaks – Sekur Private Data Ltd. (CSE: SKUR) (OTCQB: SWISF) (FSE: GDT0) Announces CA$1.7M Non-Brokered Private Placement

Sekur Private Data (CSE: SKUR) (OTCQB: SWISF) (FSE: GDT0), a leading Swiss-hosted secure and private communications platform, today announced a non-brokered private placement. The company will issue up to 50,000,000.00 units, each consisting of one common share priced at CA$0.034 per share and one full share purchase warrant. The announcement noted that each warrant will entitle the holder to purchase a common share at a price of CA$0.055 per share for a period of 24 months from the closing date. The company aims to raise gross proceeds of up to CA$1,700,000 from the private placement and intends to use the…

MondayAug 26, 2024 10:11 am

TechMediaBreaks – SenesTech Inc. (NASDAQ: SNES) Closes on $2.3M Warrant Exercise

SenesTech (NASDAQ: SNES), the rodent fertility control experts and inventors of the only EPA-registered contraceptive for male and female rats, has closed on an exercise of certain existing warrants. The exercise consisted of purchasing 505,502 shares of the company's common stock at a reduced exercise price of $4.60 per share. The company also issued new warrants. According to the announcement, gross proceeds from the exercise of the existing warrants totaled an estimated $2.3 million before fees and deductions. The company plans to use the funds from the transaction for working capital and general corporate purposes, including the continued rollout of its Evolve(R) product…

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