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Day: August 14, 2023

LM Funding America, Inc. Achieves Over 1,260% Year-Over-Year Revenue Growth to $3.2 Million and Generates Positive Core EBITDA for the Second Quarter of 2023

Mined 106.6 Bitcoins in the Second Quarter of 2023 at an Average Market Revenue Value of Approximately $27,900 per Bitcoin Completed Acquisition of Symbiont.io Assets; Advancing Strategic Relationships to Leverage its Assembly™ Financial Services Blockchain Enterprise Platform Reports Working Capital of Approximately $5.5 Million and LM Funding Stockholders’ Equity of $39.9 Million ($2.72 per share) as of June 30, 2023 Conference Call to Be Held Today at 11:00 am ET TAMPA, Fla., Aug. 14, 2023 (GLOBE NEWSWIRE) — LM Funding America, Inc. (NASDAQ: LMFA) (“LM Funding” or the “Company”), a cryptocurrency mining and technology-based specialty finance company, today provided a business update and reported financial results for the quarter ended June 30, 2023. Operational HighlightsApproximately 5,230 Bitcoin mining machines...

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Saratoga Investment Corp. Increases Quarterly Dividend by $0.01, or 1.4%, to $0.71 per Share for the Fiscal Second Quarter Ended August 31, 2023

NEW YORK, Aug. 14, 2023 (GLOBE NEWSWIRE) — Saratoga Investment Corp. (NYSE:SAR) (“Saratoga Investment” or “the Company”), a business development company, today announced that its Board of Directors has declared a quarterly dividend of $0.71 per share for the fiscal second quarter ended August 31, 2023, an increase of $0.01 from $0.70 per share in the prior fiscal first quarter, and the fourteenth quarterly dividend increase in a row. This dividend is payable on September 28, 2023, to all stockholders of record at the close of business on September 14, 2023. “The impact of the absolute level and continued increase in interest rates on our largely floating rate assets, when combined with the growth of our overall portfolio, its resilient performance and our largely fixed rate liabilities, have resulted in record earnings,” said Christian...

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Eloxx Pharmaceuticals Reports Second Quarter 2023 Financial and Operating Results and Provides Business Update

Announced today that all 3 patients (100% response rate) treated with ELX-02 showed an improvement in podocyte foot process effacement post-treatment in kidney biopsies assessed by electron microscopy, demonstrating the disease-modifying effect of ELX-02 Announced achievement of remission in one patient in Phase 2 clinical study of ELX-02 for the treatment of Alport syndrome and decision to advance ELX-02 into a pivotal trial in Alport syndrome Highlighted significant unmet need in the treatment of Alport syndrome and additional positive data from Phase 2 clinical study evaluating ELX-02 in KOL event Received Food and Drug Administration (FDA) Investigational New Drug clearance to begin single ascending dose (SAD) study of ZKN-013; first subject intended to be dosed by the end of 2023 Raised $3.4M in net proceeds through “at-the-market”...

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APPlife Digital Solutions, Inc. Signs Binding Letter of Intent to Acquire the Assets of London Based Beauty Sensation, LeSalon Beauty Ltd.

SAN FRANCISCO, Aug. 14, 2023 (GLOBE NEWSWIRE) — APPlife Digital Solutions, Inc. (OTCQB: ALDS) (“APPlife”, the Company”), a business incubator and portfolio manager that invests in and creates e-commerce and cloud-based solutions announced today that it has signed a binding Letter of Intent (“LOI”) to acquire the assets and operations of London, England-based LeSalon Beauty Ltd (“LeSalon”). Consideration for the acquisition will consist of APPlife digital common stock and cash. As part of the acquisition, APPlife will retain key members of LeSalon’s leadership and technical teams ensuring a smooth transition and continuity of service for existing customers. LeSalon was created to bring the professional beauty experience to client’s homes and transform the way beauty therapists work. Beauty service providers (hair, manicure, pedicure,...

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Liquid Media Group Receives Non-Binding Term Sheet from Fast-Growing Company

VANCOUVER, British Columbia, Aug. 14, 2023 (GLOBE NEWSWIRE) — Liquid Media Group Ltd. (the “Company,” “Liquid Media” or “Liquid”) (NASDAQ: YVR) announced today that it has received a non-binding term sheet (the “LOI”) in respect of a proposed restructuring transaction from a fast-growing, category-leading company (the “Target”) that has attracted top-tier investor interest and demonstrated strong revenue scaling over the previous two years. Under the terms of the LOI, the Target would merge with a wholly-owned subsidiary of the Company in a stock-for-stock reverse merger transaction (the “Merger”) in which the Target will survive as a wholly-owned subsidiary of Liquid. Should the Company determine to proceed with the Merger, the Company would commence immediate efforts to evaluate potential strategic alternatives for...

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Gordon Brothers Acquires Telefunken

Telefunken MicrophoneTelefunken MicrophoneTelefunken Microphone and HeadphonesTelefunken Microphone and HeadphonesBoston, Aug. 14, 2023 (GLOBE NEWSWIRE) — Gordon Brothers, the global advisory and investment firm, has acquired the global consumer electronics brand Telefunken. Based in Frankfurt, Germany, Telefunken has become one of the leading names in the electronics sector with a diverse portfolio of products ranging from video, e-mobility, domestic appliances and audio. Gordon Brothers will invest in the brand to drive further growth of the already successful enterprise within its existing product categories and bring Telefunken products to a younger consumer segment. The firm will focus on partnering with Telefunken’s current licensees and expanding the licensee portfolio internationally by leveraging Gordon...

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Mobile Edge Computing Market to Surpass 37.87 Billion by 2030 Rising Demand for Cloud Infrastructure

SkyQuest projects that the mobile edge computing market will attain a USD 37.87 billion value by 2030, with a CAGR of 49.7% over the forecast period (2023-2030). The global mobile edge computing landscape is witnessing a surge in demand for cloud infrastructure. As data-intensive applications expand, businesses seek responsive solutions. Mobile edge computing’s localized processing and cloud resources address latency concerns, enhancing user experiences and unlocking new possibilities across industries. Westford USA, Aug. 14, 2023 (GLOBE NEWSWIRE) — According to SkyQuest, the evolution of 5G technology has sparked a revolution in global mobile edge computing. By bringing ultra-low latency and high bandwidth to the forefront, 5G has empowered edge devices to process data locally, enhancing real-time applications like IoT and...

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Grace Breeding Provides Summary Update on Progress Related to its Leading Programs for the First Half of the Year

– Grace Breeding’s environmentally friendly proprietary NFT biofertilizer (Maoz™) receives first approval in Brazil and in first EU country, Austria, in Q2 – Multiple supportive studies show the clear economic benefits of using Maoz related to increased crop yield and cost and operational efficiencies -Additional studies of Grace Breeding’s WDS bio-activator for foliar application, branded ProMagen™, continues to demonstrate boosted while enhancing plant resilience and disease tolerance compared to standard, synthetic fertilizers – Global brand names secured for both products, with partnerships and commercial efforts advancing REHOVOT, Israel, Aug. 14, 2023 (GLOBE NEWSWIRE) — Grace Breeding Ltd. (the “Company” or “Grace Breeding”) (TASE: GRAC), a forward-thinking AgClimateTech...

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Non-GMO Food Market to surpass 1648.06 Billion by 2030 Drives Due to the Positive nutrition profile

SkyQuest projects that the non-GMO food market will attain a USD 1648.06 billion value by 2030, with a CAGR of 10.2% over the forecast period (2023-2030). The global non-GMO food market boasts a remarkably favorable nutrition profile. By prioritizing natural cultivation methods, these foods offer higher nutrient content, fewer synthetic additives, and reduced allergenic risks. This trend aligns with health-conscious consumers seeking wholesome, unmodified options for a nourishing lifestyle. Westford, USA, Aug. 14, 2023 (GLOBE NEWSWIRE) — According to SkyQuest, rising global non-GMO food market demand mirrors growing environmental worries. Consumers increasingly seek sustainable, pesticide-free options. This shift highlights a collective concern for ecological balance, driving the non-GMO market. Farmers adapt, favoring environmentally...

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The Metals Company Provides Second Quarter 2023 Corporate Update and Commentary on ~$27 Million Capital Raise at $2.00 Per Share with Potential Upsizing to $38 Million

NEW YORK, Aug. 14, 2023 (GLOBE NEWSWIRE) — TMC the metals company Inc. (Nasdaq: TMC) (“TMC” or “the Company”), an explorer of lower-impact battery metals from seafloor polymetallic nodules, today provided a corporate update and financial results for the second quarter ending June 30, 2023. Q2 2023 Financial HighlightsNet loss of $14.1 million and per share amount of $0.05 for the quarter ended June 30, 2023 Total cash of approximately $20.0 million at June 30, 2023Registered Direct OfferingRegistered Direct Offering at a price of $2.00, a premium of 82% to the TMC closing share price on August 11, with expected gross proceeds of approximately $27 million based on existing commitments The Registered Direct Offering on significantly above-market standard terms is led by largest TMC shareholder ERAS Capital, strategic partner...

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