TechMediaBreaks Archive - Page 77 of 183

FridayNov 15, 2024 2:29 pm

TechMediaBreaks – Aegis Capital Corp. Acts as Agent on $3.5M Private Placement for Cyngn Inc. (NASDAQ: CYN)

Aegis Capital has been in the wealth management and investment banking business since 1984 and is dedicated to providing corporate finance, strategic advisory and related services to public and private companies across multiple sectors and regions. Aegis has announced that it acted as exclusive placement agent on a $3.5 million private placement for Cyngn (NASDAQ:CYN). To view the full press release, visit https://ibn.fm/DBUvT About Cyngn Inc. Cyngn develops and deploys scalable, differentiated autonomous vehicle technology for industrial organizations. Cyngn's self-driving solutions allow existing workforces to increase productivity and efficiency. The company addresses significant challenges facing industrial organizations today, such as…

FridayNov 15, 2024 12:23 pm

TechMediaBreaks – Meta Platforms Inc. (NASDAQ: META) Faces Regulatory Challenges in Europe

Meta (NASDAQ: META), the parent company of Facebook, is a leading technology conglomerate known for its social media services, including Facebook, Instagram and WhatsApp. The company is currently facing significant regulatory challenges in Europe, as evidenced by a recent $844 million fine imposed by the European Commission. This penalty stems from Meta’s practices on Facebook Marketplace, where it allegedly undermines competitors by integrating its classified ads platform directly within the social network. The fine has coincided with a decrease in Meta’s stock price, which is currently around $564.16 on the NASDAQ. Today, the stock has dropped by approximately 2.25%, equating…

FridayNov 15, 2024 9:25 am

TechMediaBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Partners with National Auto Fleet Group to Deliver Bollinger B4 EV Trucks to Government Fleets

Mullen Automotive (NASDAQ: MULN) announced a partnership with National Auto Fleet Group (“NAFG”) to sell its all-electric Class 4 Bollinger B4 commercial trucks to government agencies via NAFG’s Sourcewell-awarded contract. The Bollinger B4, designed with fleet and upfitter input, offers a 185-mile range, a payload of 7,394 pounds, and a robust chassis protecting its 158-kilowatt-hour battery pack. This collaboration provides Bollinger Motors with a streamlined pathway to secure government contracts, aligning with electrification goals of municipalities and agencies. Recent milestones for Bollinger include regulatory certifications, production launch, and multiple fleet agreements, bolstered by partnerships with key dealers, service centers, and…

FridayNov 15, 2024 9:10 am

TechMediaBreaks – HealthLynked Corp. Restructures for Growth, Reports Declines in Revenue and Increased Losses in Q3 2024

HealthLynked (OTCQB: HLYK) has announced its Q3 2024 financial results, reflecting a strategic shift toward software solutions and a leaner operational model. Revenue dropped 56% year-over-year to $0.59 million, attributed to disruptions from clinical restructuring efforts, while operating expenses fell 10% in Q3 and 19% year-to-date due to efficiency initiatives. However, the company reported a $1.97 million net loss for the quarter, primarily due to the absence of a one-time $1.08 million gain recorded in 2023. HealthLynked is pivoting away from traditional clinical operations, focusing on app-based services to expand its user base and enhance operational scalability. To view the…

ThursdayNov 14, 2024 12:28 pm

TechMediaBreaks – Trump Media & Technology Group Corp. (NASDAQ: DJT) Activates Nationwide Data Centers for Truth+ Streaming

Trump Media & Technology Group (NASDAQ: DJT) operates the social media platform Truth Social. The company has recently completed its nationwide network of data centers, which are crucial for its content delivery network. This development enhances Trump Media’s ability to efficiently deliver streaming content across the country. Despite this operational milestone, Trump Media faces financial challenges. The company has a negative price-to-earnings (“P/E”) ratio of -15.02, indicating ongoing losses. This suggests that the company is not currently profitable, which can be a concern for investors looking for immediate returns. The company’s price-to-sales ratio is extremely high at 1,757.39, meaning the…

ThursdayNov 14, 2024 12:01 pm

TechMediaBreaks – Calidi Biotherapeutics Inc. (NYSE American: CLDI) Announces Public Offering to Support Immunotherapy Development

Calidi Biotherapeutics (NYSE American: CLDI) has announced plans to sell shares of its common stock and/or pre-funded warrants in a public offering with Ladenburg Thalmann & Co. Inc. as the exclusive placement agent. Calidi has priced the offering of 4,437,869 shares at $1.69 per share, aiming to raise approximately $7.5 million in gross proceeds. Calidi intends to allocate the net proceeds toward working capital, general corporate purposes, and the advancement of pre-clinical and clinical trials for its targeted immunotherapy programs. The securities (excluding the warrants and the shares of common stock underlying the warrants) are being offered under an effective…

ThursdayNov 14, 2024 10:52 am

TechMediaBreaks – SOBRsafe Inc. (NASDAQ: SOBR) Launches SOBRsure™ Wristband, an Innovative Tool for Alcohol Detection and Sobriety Support

SOBRsafe (NASDAQ: SOBR) has released SOBRsure™, a new wristband device that uses transdermal technology to detect alcohol levels through the skin, providing real-time monitoring to support sobriety and recovery. With a sleek, user-friendly design and GPS tracking, the device offers continuous alcohol detection, instant alerts, and the option to access historical reports through a premium subscription. CEO David Gandini emphasizes SOBRsure as both a technological breakthrough and a support system for individuals with alcohol use disorder, aiming to promote accountability and peace of mind for families, employers, and users. Available now, the wristband retails for $249, with subscriptions starting…

ThursdayNov 14, 2024 8:00 am

TechMediaBreaks – NextPlat Corp (NASDAQ: NXPL) Reports Q3 Financials, Highlights Growth from Progressive Care and Outfitter Satellite Acquisitions

NextPlat (NASDAQ: NXPL, NXPLW) reported Q3 2024 results reflecting the impact of its recent acquisitions, including Progressive Care and Outfitter Satellite, which contributed to consolidated revenues of $15.4 million. While healthcare revenue declined due to lower prescription reimbursement rates, e-Commerce revenue saw a 31% increase, largely from the Outfitter acquisition. The company recorded a net loss of $4.2 million due to increased expenses, including a non-cash impairment of Progressive Care’s intangible assets. Recent developments include expanding healthcare contracts and satellite communication device sales, along with a strengthened e-commerce presence in China and the UK. NextPlat projects ongoing growth from integration…

TuesdayNov 12, 2024 1:12 pm

TechMediaBreaks – Alphabet Inc. (NASDAQ: GOOGL) Expands Waymo One Service

Alphabet (NASDAQ: GOOGL, GOOG), the parent company of Google, is a major player in the technology sector, known for its search engine, advertising services and various tech innovations. One of its significant ventures is Waymo, an autonomous vehicle company. Waymo has recently expanded its autonomous ride-hailing service, Waymo One, to all residents in Los Angeles, marking a pivotal moment in the adoption of self-driving technology. Despite this advancement, Alphabet’s stock price is currently $179.63, showing a slight decrease of $0.72, or -0.40%. The stock has fluctuated today, with a low of $179.39 and a high of $181.86. This volatility is…

TuesdayNov 12, 2024 12:07 pm

TechMediaBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Debuts Mullen ONE EV Cargo Van on Turo to Meet Demand for Urban, Eco-Friendly Rentals

Mullen Automotive (NASDAQ: MULN) has listed its Class 1 electric cargo van, the Mullen ONE, on Turo, the world’s largest vehicle-sharing marketplace, to provide an efficient rental option for businesses with last-mile delivery needs. Florida-based Parasol Strategic Solutions is piloting the van in Jacksonville, Florida, citing a demand for compact, sustainable cargo transport in urban settings, with plans to expand the pilot to Baltimore, Maryland. The Mullen ONE, along with the Mullen THREE Class 3 EV, is part of Mullen’s commercial EV lineup, built for urban logistics and backed by federal and state incentives, providing significant cost savings for…

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