Month: June 2024

Anoto Group AB (publ) (the “Company” or “Anoto”) today announces that the Company has entered into a convertible investment agreement with Mark Stolkin and DDM Debt AB, two larger shareholders in Anoto. The investors will together invest USD 1,500,000 in convertible debt. Upon conversion, the Company will deliver shares through one or several set-off share issues. The funds received by the Company through the investments shall be used for general corporate purposes for the execution of the Company’s business plan. The maturity date for the convertible loans is 28 December 2024. Any outstanding loan amount carries interest with 8.00 per cent per annum. Interest shall be payable on the earlier of (i) the maturity date for the loans and (ii) the date the loan amount is converted into ordinary shares in Anoto. Upon request by an investor,...

Transaction Refinances Existing Indebtedness and Secures Incremental Liquidity to Fund Growth Financing includes $30 million committed and $18 million accordion feature LONDON, United Kingdom and SANTA MONICA, Calif., June 27, 2024 (GLOBE NEWSWIRE) — XBP Europe Holdings, Inc. (“XBP Europe” or the “Company”) (NASDAQ: XBP), a pan-European integrator of bills, payments, and related solutions and services seeking to enable the digital transformation of its clients, today announced that certain of the Company’s subsidiaries have entered into a comprehensive financing agreement with HSBC UK Bank plc (“HSBC”). The new agreement refinances the Company’s UK subsidiary’s existing indebtedness and provides up to $33 million of incremental liquidity. This is in addition to the current non-recourse factoring program in place by certain...

Ayurcann is an award-winning Canadian cannabis extraction company that specializes in the processing and manufacturing of cannabis 2.0 and 3.0 products:Ayurcann is the #1 producer of vapes in Ontario1, and Top 5 pre-roll manufacturer by volume in Ontario as of March 30, 20242. The revenue in the Canadian cannabis market is projected to reach US$5.63bn in 2024 and is expected to show an annual growth rate in the years 2024-2029 of 3.17%, resulting in a market volume of US$6.58bn by 20293. Upon completion of the business combination, Ayurcann is expected to have on its balance sheet up to US$19.6 million in cash (assuming no redemptions by public stockholders of Arogo and before payment of transaction expenses and deferred underwriting fees) to continue their sustained revenue growth and growing market share. The combined enterprise value...

BXT-25 is expected to oxygenate the brain BOSTON, MASSACHUSETTS, June 27, 2024 (GLOBE NEWSWIRE) — BIOXYTRAN, INC. (OTCQB: BIXT) (the “Company”), a clinical stage biotechnology company developing drugs to treat stroke and Alzheimer’s disease, announced that Bioxtran’s Science Advisor Prof. Avraham Mayevsky’s book titled Hyperbaric Oxygenation Mitochondrial Activity and Brain Physiological Functions was published by a publishing house, Springer. It is available by eBook or Hardcover. The book is directly tied to the Hypoxia platform technology which uses the MDX Viewer as an analytical method, which is an FDA approved device to measure tissue oxygenation. The device measures the consumption of oxygen molecules in tissues on a cellular level. The output of the MDX Viewer is the Brain Metabolic Score BMS, which is a vital part...

Festi and Ýmir Örn Finnbogason have reached an agreement that he will retire as Managing Director of N1 as of today and step out of Festi’s Executive Management at the same time. Ýmir Örn has worked as Managing Director of N1 since June 2023. Ásta S. Fjeldsted, CEO of Festi, will act as Managing Director of N1 until a replacement is found as the position will be advertised in the coming weeks. “We would like to thank Ýmir for the good cooperation and work over the past year. We wish him all the best in his future endavours,” says Ásta S. Fjeldsted, CEO of Festi. “The last year has been truly eventful and giving, to get to know this great company which N1 is. I would like to thank the entire N1 staff for their excellent cooperation,” says Ýmir Örn Finnbogason.

Today’s Broadcast “This Week in Jacksonville Business Edition” Host Kent Justice talks with CEO Chuck Ferry and Duos Edge AI President Doug Recker on the Company’s recent entry into the data center market and a strategic partnership in railJacksonville continues advancing as a region full of innovative technology companies. One of those is Duos Technology Group, led by CEO Chuck Ferry.JACKSONVILLE, Fla., June 27, 2024 (GLOBE NEWSWIRE) —  Duos Technologies Group, Inc. (“Duos” or the “Company”) (Nasdaq: DUOT), CEO Chuck Ferry and newly appointed President of Duos Edge AI, Doug Recker, are being featured on “This Week in Jacksonville – Business Edition”, broadcasting today at 9am EDT. They will discuss Duos’ recent business expansion and expected contributions to economic growth and development in...

DENVER, June 27, 2024 (GLOBE NEWSWIRE) —  authID Inc. (NASDAQ: AUID) (“authID” or the “Company”), a leading provider of innovative biometric identity verification and authentication solutions, today announced it has closed its previously announced registered direct offering (the “Registered Direct Offering”) with investors to sell 1,464,965 shares of its common stock (the “Shares”). The purchase price for one Share was $7.50 (however, the purchase price for one share if the investor was a director of the Company was $8.16). The aggregate gross proceeds from the Registered Direct Offering were $11,000,000 million before deducting placement agent fees and other estimated offering expenses. Madison Global Partners, LLC, acted as sole placement agent for the offering. authID has earmarked the net proceeds for a number of initiatives....

Results of Voltalia’s third employee share ownership plan Voltalia (Euronext Paris, code ISIN: FR0011995588), an international player in the renewable energy sector, has announced the great success of its third employee share ownership plan, launched on May15, 2024 Voltalia has once again decided to involve its employees in its entrepreneurial project and in the creation of financial value. Building on the success of its two previous employee shareholding operations, in 2019 and 2022, a new plan was offered to Voltalia employees in France, Brazil, Portugal, Spain, Italy, Greece and the United Kingdom. A total of 53.7% of eligible employees invested in Voltalia SA under this plan. The shareholding breaks down as follows: 64.8% in France, 64.7% in Italy, 59.5% in Brazil, 51.7% in Spain, 36.2% in Portugal, 32.6% in Greece and 25.4%...