QualityStocksNewsBreaks Archives - Page 377 of 1520

ThursdayMay 11, 2023 2:17 pm

QualityStocksNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Secures $15,755,000 Vehicle Purchase Agreement with MGT

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced its entry into a vehicle purchase agreement with MGT Lease Company (“MGT”), a national fleet leasing provider, to purchase 250 all-electric commercial class 3 cab chassis EV trucks in a contract valued at $15,755,000. The vehicles are slated for delivery beginning in August 2023, with complete fulfillment of the purchase agreement to occur by December 2023. Randy Marion Automotive Group, a distributor of Mullen’s commercial EVs, will fulfill the vehicle orders. “Our agreement with MGT enables them to offer their fleet customers a competitive commercial EV vehicle offering,…

ThursdayMay 11, 2023 1:51 pm

QualityStocksNewsBreaks – Knightscope, Inc. (NASDAQ: KSCP) Announces Additional Contract Renewal, Expanded Service to UC San Diego

Knightscope (NASDAQ: KSCP), a leading developer of autonomous security robots (“ASR”) and blue light emergency communication systems, has announced that a longtime client, one of the largest resort/casinos in the United States, has renewed its contract for the sixth year in a row. The contract calls for six for 6 ASRs to provide 24/7/365 surveillance at its Southern California location. An official from the casino noted that “Knightscope’s customer service is extremely responsive. They’re open to new ideas and always available when we need to discuss anything.” In addition, another existing client, UC San Diego, has expanded its contract with…

ThursdayMay 11, 2023 1:39 pm

QualityStocksNewsBreaks – NextPlat Corp. (NASDAQ: NXPL) Invests Additional $1M in Progressive Care Inc. (RXMD)

NextPlat (NASDAQ: NXPL, NXPLW), a global e-commerce provider, today announced that it has completed an additional $1 million investment in Progressive Care (OTCQB: RXMD), a personalized healthcare services and technology company. In connection with the $1 million investment, NextPlat purchased 455,000 newly issued units of Progressive Care, with each comprised of one share of Progressive Care’s common stock and one warrant to purchase a share of common stock at a per unit purchase price of $2.20. In addition, NextPlat executives Charles Fernandez and Rodney Barreto, as well as certain other Progressive Care convertible note holders, agreed to convert the approximately…

WednesdayMay 10, 2023 2:35 pm

QualityStocksNewsBreaks – Knightscope, Inc. (NASDAQ: KSCP) Reports New TSU Contract, Renewal by Longtime Client; Announces Town Hall Meeting

Knightscope (NASDAQ: KSCP) is maintaining its momentum as a leading developer of autonomous security robots (“ASR”) and blue light emergency communication systems. The company continues to see contracts — both new and renewals — as it works to make the United States the safest country in the world. The company’s most recent renewal is with a well-known media and entertainment company. The client, which first signed with Knightscope seven years ago to patrol one of its North Hollywood properties, has renewed its contract for 24/7/365 ASR surveillance. In addition, Knightscope announced that Texas State University (“TSU”) has inked a deal with Knightscope…

WednesdayMay 10, 2023 1:57 pm

QualityStocksNewsBreaks – Lexaria Bioscience Corp. (NASDAQ: LEXX) Announces Results of 2023 Annual Meeting

Lexaria Bioscience (NASDAQ: LEXX, LEXXW), a global innovator in drug delivery platforms, today announced the results of the 2023 Annual Meeting. According to the update, the company held the meeting at 1:00 p.m. PT on May 9, 2023, whereby there were 3,372,024 shares of the company represented in person or by proxy, constituting 56.3% of the company's issued share capital as of the meeting date of March 13, 2023. The matters voted upon and the final voting results are set forth as detailed in the announcement. All proposals are described in detail in Lexaria’s proxy statement filed with the Securities…

WednesdayMay 10, 2023 1:47 pm

QualityStocksNewsBreaks – Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Issues Corporate Update, Extends Term of Outstanding Convertible Debentures

Ucore Rare Metals (TSX.V: UCU) (OTCQX: UURAF) today provided a corporate update and announced that it intends to extend the term of certain outstanding convertible debentures, which currently have a maturity date of May 31, 2023. According to the update, the debentures were originally issued in May of 2020, with a three-year term. On May 21 and 29, 2020, Ucore issued 1,280 and 1,520 convertible debentures respectively, with a face value of $1,000 each for total gross proceeds of $2.8 million. These unsecured debentures bear interest at a rate of 7.5% payable semi-annually and mature on May 31, 2023. Per…

WednesdayMay 10, 2023 1:27 pm

QualityStocksNewsBreaks – Reflex Advanced Materials Corp. (CSE: RFLX) (OTC: RFLXF) (FWB: HF2) Confirms High Density Graphite Material at Ruby Project

Reflex (CSE:RFLX) (OTC: RFLXF) (FWB: HF2) today announced results of preliminary metallurgical findings for its natural vein graphite at its Ruby Graphite deposit located in southwest Montana. Initial testing conducted by American Energy Technologies Company (“AETC”) enabled measuring of the specific surface area, which had values of less than 5 m 2 /g, indicative of graphite material with very low porosity, a prerequisite of high-density graphite. “We are very pleased that graphite material was left on the Ruby property from original mining operations in the 1940s, enabling us to evaluate the material using modern metallurgical techniques,” said Paul Gorman, CEO…

WednesdayMay 10, 2023 1:09 pm

QualityStocksNewsBreaks – Cepton Inc. (NASDAQ: CPTN) Announces Q1 2023 Results, to Host Live Call and Webcast

Cepton (NASDAQ: CPTN), a Silicon Valley innovator and leader in high-performance lidar solutions, today announced business updates and financial results for the first quarter ended March 31, 2023. Among the business highlights, Cepton reported OEM series production execution and that it is on-track to receive final production validation for salable vehicles and continue to ship pre-production lidar units for multiple vehicle models. In addition, Cepton has completed final implementation of embedded software, including cybersecurity, over-the-air updates, functional safety and multiple custom features for OEMs. As detailed in the announcement, the company will host a live conference call and webcast to…

WednesdayMay 10, 2023 1:00 pm

QualityStocksNewsBreaks – SideChannel Inc. (SDCH) Releases Financial Report, Shows 30.9% YOY

SideChannel (OTCQB: SDCH), a provider of cybersecurity services and technology to emerging and middle market companies, is reporting its financial results for the three months and six months ended March 31, 2023. Highlights of the report show $1.6 million revenue an increase of 30.9% from Q2 2022; 4.6% sequential quarter growth; gross margin of 45.6%; net loss of $0.9 million or $0.01 per share; and $5.7 million trailing 12-month revenue; Other notable figures include 83% revenue retention for the 12-month period ended March 31, 2023, and new-client contracts representing $2 million potential annual revenue. As of March 31, the company reported…

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