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Month: August 2024

DIGITAL ALLY, INC ANNOUNCES SECOND QUARTER 2024 OPERATING RESULTS

LENEXA, Kansas, Aug. 16, 2024 (GLOBE NEWSWIRE) — Digital Ally, Inc. (Nasdaq: DGLY) (the “Company” or “our”), today announced its operating results for the second quarter of 2024. An investor conference call is scheduled for 11:15 a.m. EDT on Monday, August 19, 2024 (see details below). Highlights for the second quarter ended June 30, 2024● Overall gross profits for the three months ended June 30, 2024 were $242,392, a decrease of $2,494,648, or (91%), as compared to $2,737,040 for the three months ended June 30, 2023. The overall decrease is attributable to the decrease in gross profit for the entertainment segment for the three months ended June 30, 2024 along with a decrease in the overall cost of sales as a percentage of overall revenues to 96% for the three months ended June 30, 2024 from 67% for the three months ended June...

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NextGen Digital Publishes First Quarter Financial Results

FREDERICTON, New Brunswick, Aug. 16, 2024 (GLOBE NEWSWIRE) — NextGen Digital Platforms Inc. (“NextGen” or the “Company”) (CSE: NXT) is pleased to announce that it has published and filed its Unaudited Condensed Interim Financial Statements and Management Discussion & Analysis for the three months ending June 30, 2024 (“Q1 2025”), which are available on the Company’s SEDAR+ profile page at www.sedarplus.ca. Joel Freudman, Founder, President & CEO of NextGen, stated, “Q1 2025 marks NextGen’s first set of financial statements reported as a public company, and I’m pleased that we maintain a healthy working capital position while continuing to generate revenue from both of our business lines, namely PCSections.com and our ‘Cloud AI Hosting’ hardware-as-a-service business.” Added Heran (Kevin) Zhou, NextGen’s Director...

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iCoreConnect Inc. Reports Strong Revenue and Subscriber Growth in Q2 2024 With a 66% Revenue Increase

OCOEE, FL , Aug. 16, 2024 (GLOBE NEWSWIRE) — iCoreConnect Inc. (NASDAQ: ICCT) (“iCore” or the “Company”), a leading provider of cloud-based software and technology solutions designed to enhance workflow productivity and customer profitability, is pleased to announce its financial results for the three and six months ended June 30, 2024. Q2 2024 Financial HighlightsRevenue Growth: The Company reported a significant 66% increase in revenue, rising from $1.6 million in Q2 2023 to $3.1 million in Q2 2024. For the six months ending June 30, 2024, revenue grew from $3.7 million to $5.8 million compared to the same period in 2023. This growth was driven by strong performance across all active products and services. Gross Profit Margins: iCoreConnect saw an improvement in gross profit margins, increasing from...

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FTC Solar Announces Inducement Grant of Employee Inducement Award

AUSTIN, Texas, Aug. 16, 2024 (GLOBE NEWSWIRE) — FTC Solar, Inc. (Nasdaq: FTCI), a leading global provider of solar tracker systems, software, and engineering services, today announced that, in accordance with Nasdaq Listing Center requirements, Yann Brandt, the Company’s President and Chief Executive Officer, will be granted an employment inducement award in reliance on Nasdaq Stock Market Listing Rule 5635(c). As previously announced, the Company and Mr. Brandt have entered into an employment agreement, dated July 17, 2024 (the “Employment Agreement”), for his employment with the Company commencing on August 19, 2024 (the “Employment Commencement Date”) in connection with his appointment by the Board of Directors of FTC Solar effective as of the Employment Commencement Date. The employment inducement award will consist of (i)...

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ECD Automotive Design Announces Nasdaq Delisting Notification

KISSIMMEE, Fla., Aug. 16, 2024 (GLOBE NEWSWIRE) — ECD Automotive Design, Inc. (“ECD” or the “Company”) (NASDAQ: ECDA), an industry leader in delivering restored, modified and electrified Land Rover Defenders, Jaguars, and other classic and collectible automobiles, today announced that the Company received a delisting notice from The Nasdaq Stock Market LLC (“Nasdaq”). As previously disclosed in the Current Reports on Form 8-K filed with the Securities and Exchange Commission (the “SEC”) on February 16, 2024 by the Company, on February 14, 2024, the Company received a notice from Nasdaq stating that the Company’s listed securities failed to comply with the $50,000,000 market value of listed securities (“MVLS”) requirement for continued listing on The Nasdaq Global Market in accordance with Nasdaq Listing Rule 5450(b)(2)(A) (the...

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Lifeist Announces Acquisition of High-Potency Vape IP

TORONTO, Aug. 16, 2024 (GLOBE NEWSWIRE) — Lifeist Wellness Inc. (“Lifeist” or the “Company”) (TSXV: LFST) (FRANKFURT: M5B) (OTCMKTS: LFSWF), a health-tech company that leverages advancements in science and technology to build breakthrough ventures that transform human wellness, is pleased to report that it has completed, pursuant to a share purchase agreement entered into on August 16, 2024 with an arm’s length party, the acquisition of the shares of 1000594871 Ontario Corp. (“4871”) which holds key intellectual property resulting from a patent application and all rights thereto. The acquisition of this intellectual property will provide shareholders with upside exposure to new developments in the cannabis industry and form the cornerstone of an IP portfolio for Lifeist, even as the company divests itself of CannMart and moves...

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TIAN RUIXIANG Holdings Ltd Reports Financial Results for the Half Year Ended April 30, 2024

BEIJING, Aug. 16, 2024 (GLOBE NEWSWIRE) — TIAN RUIXIANG Holdings Ltd (Nasdaq: TIRX) (the “Company”), a China-based insurance broker conducting business through its variable interest entity in China, today announced its financial results for the half year ended April 30, 2024. Ms. Sheng Xu, the Chief Executive Officer of the Company, commented, “The Company reported a net loss of approximately $2.6 million for the six months ended April 30, 2024, primarily due to a significant decline in revenue caused by the loss of a few key insurance company partners. However, we are encouraged by the increase in the commissions from liability insurance of approximately $24,000 compared to the same period in 2023, indicating our success in expanding our liability insurance business.” “We are actively pursuing strategies, such...

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ARCA biopharma Declares Special Dividend in Connection with the Proposed Merger with Oruka Therapeutics

Special dividend estimated to be $1.59 per share Payment of special dividend conditioned upon ARCA stockholder approval of the Proposed Merger with Oruka WESTMINSTER, Colo., Aug. 16, 2024 (GLOBE NEWSWIRE) — ARCA biopharma, Inc. (NASDAQ: ABIO) (“ARCA”) today announced that its Board of Directors has declared a special cash dividend (the “Special Dividend”) in connection with the previously announced merger (the “Merger”) with Oruka Therapeutics, Inc. (“Oruka”) pursuant to the Agreement and Plan of Merger and Reorganization, dated April 3, 2024 (the “Merger Agreement”). The Special Dividend, which ARCA estimates will be $1.59 per share of ARCA’s common stock, will be payable in cash to the stockholders of record as of August 26, 2024. The exact amount of the Special Dividend will be calculated pursuant to the Merger Agreement and...

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Nokia Corporation: Repurchase of own shares on 16.08.2024 – Repurchases temporarily paused due to offer to Infinera shareholders

Nokia CorporationStock Exchange Release16 August 2024 at 22:30 EET Nokia Corporation: Repurchase of own shares on 16.08.2024 – Repurchases temporarily paused due to offer to Infinera shareholders Espoo, Finland – On 16 August 2024 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows:Trading venue (MIC Code) Number of shares Weighted average price / share, EUR*XHEL 1,700,000 3.70CEUX 688,391 3.70BATE – –AQEU – –TQEX – –Total 2,388,391 3.70* Rounded to two decimals On 25 January 2024, Nokia announced that its Board of Directors is initiating a share buyback program to return up to EUR 600 million of cash to shareholders in tranches over a period of two years. The first phase of the share...

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EagleBank Names New Chief Credit Officer

Janice ‘Jan’ Williams, CCO, Retires After 22 Years of Service to the Bank BETHESDA, Md., Aug. 16, 2024 (GLOBE NEWSWIRE) — Eagle Bancorp, Inc. (NASDAQ: EGBN), the Bethesda-based holding company of EagleBank, one of the largest community banks in the Washington D.C. area, today announced Chief Credit Officer Janice “Jan” Williams will be retiring from EagleBank on June 30, 2025. Jan’s longstanding dedication and exceptional contributions have significantly driven the bank’s strategic growth over the past two decades. “It has been my immense pleasure to work alongside Jan for so many years. We are tremendously grateful for her outstanding work and unwavering commitment to EagleBank, and we wish her all the best in her well-deserved retirement,” said Susan Riel, President and CEO of EagleBank. Jan will work to assist in the transition...

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