QualityStocksNewsBreaks Archives - Page 354 of 1584

FridayDec 22, 2023 1:46 pm

QualityStocksNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Achieves Important Milestone, ‘Laser-Focused on Commercial Vehicle Production and Customer Deliveries’

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced its achievement of a production milestone on Dec. 13, 2023, with the 100th Mullen THREE, Class 3 cab chassis electric truck, rolling off the assembly line in Tunica, Mississippi. As of Dec. 22, 2023, the company has completed 125 Mullen THREE vehicles. A video of the 100th Mullen THREE crossing the production finish line is available on Mullen’s YouTube channel and website. “This is an important milestone for Mullen and demonstrates our EV assembly plant in Tunica is scaling up to meet the commercial vehicle production schedule that…

FridayDec 22, 2023 1:08 pm

QualityStocksNewsBreaks — Cepton Inc. (NASDAQ: CPTN) Receives Indication of Interest from Koito Manufacturing Co.

Cepton (NASDAQ: CPTN), a Silicon Valley innovator and leader in high-performance lidar solutions, has received a nonbinding indication of interest from Koito Manufacturing Co. Ltd. Koito indicated an interest in acquiring 100% of the outstanding shares of the company not already owned by Koito or certain other potential rollover participants; those participants include Cepton president and CEO Dr. Jun Pei. The terms of any potential agreement between the two companies would be based on certain conditions, which were outlined in the announcement. The announcement noted that Cepton’s board of directors will carefully evaluate Koito’s indication of interest. “No assurance can be…

ThursdayDec 21, 2023 5:14 pm

QualityStocksNewsBreaks — Longeveron Inc. (NASDAQ: LGVN) Enters Definitive Agreement for $2.36M Registered Direct Offering

Longeveron (NASDAQ: LGVN), a clinical-stage biotechnology company developing cellular therapies for life-threatening and chronic aging-related conditions such as hypoplastic left heart syndrome (“HLHS”), Alzheimer’s disease and Aging-Related Frailty, has announced a $2.36 million registered direct offering. The company entered into a definitive agreement for the issue and sale of 1,355,301 shares of common stock, priced at $1.745 per share. In addition, the company announced a concurrent private placement comprised of the issue and sale of unregistered warrants to purchase up to 1,355,301 additional shares common stock. According to the announcement, the warrants will have an exercise price $1.62 per share…

ThursdayDec 21, 2023 4:52 pm

QualityStocksNewsBreaks – PaxMedica Inc. (NASDAQ: PXMD) Files 8-K Following Nasdaq Compliance Achievement

In a significant corporate update, PaxMedica (NASDAQ: PXMD) today filed an 8-K with the Securities and Exchange Commission, disclosing its successful compliance with Nasdaq’s minimum equity requirements. Journey Towards Compliance PaxMedica's compliance journey began on December 6, 2022, when Nasdaq noted its inability to meet the Minimum Market Value of Listed Securities Requirement of $35 million over 30 days. PaxMedica faced potential delisting in June 2023 but successfully appealed and, after a Nasdaq Hearings Panel review, received an exception to remain listed, subject to meeting specific financial criteria. Achieving and Announcing Compliance With the recent notification from Nasdaq, PaxMedica has…

ThursdayDec 21, 2023 4:34 pm

QualityStocksNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Announces Delivery of 38 Class 3s to Randy Marion Automotive Group

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced the delivery of 38 additional Class 3 vehicles to Randy Marion Automotive Group (“RMA” or “Randy Marion”) with the company invoicing RMA for $2.5 million. Randy Marion has committed to 1,000 Class 3 vehicles for a total of $63 million, with the majority of the vehicles to be delivered in calendar year 2024. As previously reported, Class 3 production at Mullen’s Tunica, Mississippi, facility is planned for 150 vehicles for 2023, with total capacity for Class 3 planned at 3,000 vehicles annually per shift. “The Mullen THREE product…

ThursdayDec 21, 2023 3:24 pm

QualityStocksNewsBreaks — Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Completes Final Stage of Demo Plant Commissioning, Begins DOD Demonstration Program

Ucore Rare Metals (TSX.V: UCU) (OTCQX: UURAF), a leading developer of rare earth element (“REE”) processing technology, has completed the third and final stage of planned commissioning procedures at the company's RapidSX(TM) Commercial Demonstration Plant; the company has also begun the U.S. Department of Defense (“DoD") demonstration program. The demo plant is situated at Ucore's 5,000-square-foot RapidSX Commercialization and Demonstration Facility in Kingston, Ontario; the facility is operated by Ucore's commercialization partner, Kingston Process Metallurgy Inc. “Since early this year, the company has been testing, adjusting and optimizing its 52-stage demo plant to meet its RapidSX commercialization and demonstration deployment objectives…

ThursdayDec 21, 2023 2:58 pm

QualityStocksNewsBreaks – Clene Inc. (NASDAQ: CLNN) Announces New Data from HEALEY ALS Platform Trial, Provides Update on ALS Clinical Development Meeting with FDA

Clene (NASDAQ: CLNN) (along with its subsidiaries, “Clene”) and its wholly owned subsidiary Clene Nanomedicine Inc., today announced new data from the 12-month long-term open label extension (“OLE”) of the CNM-Au8(R) treatment arm in the HEALEY ALS Platform Trial. A key biomarker of neurodegeneration, Neurofilament Light Chain (“NfL”) is released from neurons following axonal injury, especially in people living with ALS, where higher levels of NfL have been found to predict more rapid decline in clinical function and increased mortality risk. As detailed in the announcement, CNM-Au8 30mg treatment reduced plasma NfL levels compared to baseline. “As consensus is building…

ThursdayDec 21, 2023 2:45 pm

QualityStocksNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Commences Production at Three US Uranium Mines

Energy Fuels (NYSE American: UUUU) (TSX: EFR), a leading U.S. producer of uranium, rare earth elements (“REE”) and vanadium, has begun uranium production at three of its permitted and developed uranium mines in response to strong uranium market conditions; those mines are located in Arizona and Utah. The company is also preparing two additional mines in Colorado and Wyoming for expected production within the next year while advancing permitting on several other large-scale U.S. mine projects in order to increase uranium production in the coming years. According to the announcement, nuclear energy is increasingly being recognized as a clean-energy resource around the world, with many buyers…

ThursdayDec 21, 2023 2:33 pm

QualityStocksNewsBreaks – Reunion Gold Corp. (TSX.V: RGD) (OTCQX: RGDFF) Announces Settlement Agreement over Termination of Strategic Alliance

Reunion Gold (TSX.V: RGD) (OTCQX: RGDFF) has announced that, further to its news release of Feb. 13, 2023, it has settled the claim brought by Barrick Gold Corporation (NYSE: GOLD) on a mutually acceptable basis. According to the update, the company and Barrick have agreed that the strategic alliance agreement entered into by them on Feb. 3, 2019, has been terminated. The parties have no outstanding obligations under the agreement, and there are no properties subject to the agreement. A consent dismissal order will be entered in the Ontario Superior Court to dismiss the claim. To view the full press…

WednesdayDec 20, 2023 3:17 pm

QualityStocksNewsBreaks – Diamond Lake Minerals Inc. (DLMI) CEO Discusses Traditional, Digital Finance in Exclusive Benzinga Interview

Diamond Lake Minerals (OTC: DLMI), a leading multistrategy operating company specializing in the development and support of digital assets and SEC-registered security tokens, was featured in a recent exclusive Benzinga interview. During the interview, Diamond Lake Minerals CEO Brian Esposito talked with host Michael Murry about the company, which specializes in the development and support of digital assets and SEC-registered security tokens. During the interview, Esposito discussed how Diamond Lake Minerals is bridging traditional finance with a digital future. Esposito noted that DLMI is focused on building strong companies with sustainable earnings. “Bu more importantly and what’s making us pretty…

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