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BranchOut and MicroDried Partner to Expand Dried Ingredient Market
Prism Media Wire· 2025-03-19 15:30
Core Viewpoint - BranchOut Food Inc. has partnered with MicroDried to enhance the dried ingredient market, leveraging innovative technology and large-scale production capabilities to meet growing demand [2]. Company Overview - BranchOut Food Inc. specializes in next-generation dehydration technology known as GentleDry [2]. - MicroDried is recognized as a leading provider of premium dried fruit and vegetable ingredients [2]. Financial Highlights - For the three months ended May 31, 2024, BranchOut reported net sales of $45.031 million, an increase from $43.603 million in the same period of 2023 [1]. - Gross profit for the same period was $2.454 million, up from $1.777 million year-over-year [1]. - Net income for the three months was $330,837, compared to $53,406 in the previous year [1]. Market Potential - The collaboration is expected to generate $5-6 million in annual ingredient sales, indicating significant growth potential in the dried ingredient market, valued at $36 billion [2]. - The partnership allows MicroDried to expand its product offerings with GentleDry processed ingredients, catering to the demand for high-quality, clean-label solutions in the food and beverage sector [2]. Strategic Implications - The agreement signifies BranchOut's strategic expansion into the industrial ingredient market, complementing its existing retail and private label divisions [2].
Aclarion, Inc. Announces Adjournment of Special Meeting of Stockholders
Prism Media Wire· 2025-02-28 21:01
Core Points - Aclarion, Inc. has announced the adjournment of its Special Meeting of Stockholders originally scheduled for February 28, 2025, to March 5, 2025, to solicit additional votes on proposals outlined in the definitive proxy statement filed with the SEC on February 3, 2025 [2][5][6] - The reconvened Special Meeting will take place at the company's corporate office in Broomfield, Colorado, and stockholders as of the record date of January 6, 2025, are encouraged to vote promptly [3][4] - Proxies submitted for the Special Meeting will remain valid unless revoked, and stockholders can change their votes until March 4, 2025, at 11:59 p.m. Mountain Time [4] Company Overview - Aclarion, Inc. is a healthcare technology company that utilizes Magnetic Resonance Spectroscopy (MRS) and a proprietary biomarker to enhance clinical treatments for low back and neck pain, addressing a market valued at $134.5 billion in the U.S. [7] - The company is integrating Artificial Intelligence (AI) into its quality control processes to identify poor MRS study data and is exploring AI and machine learning applications to analyze spectroscopy data for better clinical outcome associations [7]
Formation Minerals, Inc. Announces Entry Into $10,000,000 Equity Financing Agreement with GHS Investments, LLC
Prism Media Wire· 2025-01-07 12:55
Core Viewpoint - Formation Minerals, Inc. has entered into a $10,000,000 Equity Financing Agreement with GHS Investments, LLC to support its growth and development in the oil and gas sector [2][5]. Financing Agreement Details - The Agreement allows Formation to sell up to $10 million shares of its common stock to GHS at an initial purchase price of 80% of the market price, over a 24-month period following SEC registration [3][7]. - The proceeds from the sale will be used for general corporate purposes, working capital, and potential acquisitions [4]. Company Strategy and Market Position - Formation Minerals focuses on acquiring and managing mineral and royalty interests in lower-risk, onshore oil and gas properties across major U.S. basins [2][8]. - The company aims to optimize its portfolio and invest in high-potential properties, maintaining a buy low and sell high strategy [5]. Background Information - Formation Minerals is based in Jacksboro, Texas, and is involved in the energy sector, specifically targeting revenue-producing assets [8]. - The company currently holds interests in several key U.S. basins, including the DJ Basin, Haynesville Shale, and Permian Basin [8].
AmpliTech Group Announces Pricing of $1.4 Million Registered Direct Offering, Priced At-The-Market
Prism Media Wire· 2024-11-25 13:59
Company Overview - AmpliTech Group, Inc. is a designer, developer, and manufacturer of advanced signal processing components for satellite, Public and Private 5G, and other communications networks, including complete 5G/6G systems [2][6] - The company operates five divisions: AmpliTech Inc., Specialty Microwave, Spectrum Semiconductors Materials, AmpliTech Group Microwave Design Center, and AmpliTech Group True G Speed Services [6] Offering Details - The company announced a registered direct offering of 1,603,259 shares of common stock at an offering price of $0.92 per share, resulting in gross proceeds of approximately $1.4 million before expenses [2][3] - The offering is expected to close on or about November 26, 2024, subject to customary closing conditions [3] - Maxim Group LLC is acting as the sole placement agent for the offering [4] Regulatory Information - The securities are being offered under a shelf registration statement on Form S-3, which was declared effective by the SEC on April 24, 2024 [4]
Adial Pharmaceuticals to Present at the 2024 ThinkEquity Conference
Prism Media Wire· 2024-10-23 13:00
Core Insights - Adial Pharmaceuticals will present at the ThinkEquity Conference on October 30, 2024, focusing on innovations in addiction treatment [1][2] - The company's lead product, AD04, is a genetically targeted therapy for Alcohol Use Disorder (AUD) and has shown promising results in clinical trials [4] Company Overview - Adial Pharmaceuticals is a clinical-stage biopharmaceutical company dedicated to developing therapies for addiction and related disorders [4] - The lead investigational drug, AD04, is a serotonin-3 receptor antagonist aimed at treating AUD in heavy drinkers, with potential applications for other addictive disorders [4] Conference Details - Cary Claiborne, CEO of Adial, will present at 8:30 a.m. ET, with one-on-one investor meetings scheduled throughout the day [2] - The ThinkEquity Conference serves as a platform for institutional investors and industry professionals to connect and discuss financial strategies [3]
Universal Media Group, Inc.'s award-winning TV show Before The Fame with Mike Sherman has been nominated for a Suncoast Emmy for the third consecutive year
Prism Media Wire· 2024-10-17 12:30
Core Insights - Universal Media Group, Inc. has received its third consecutive nomination for the Suncoast Emmy for the TV show "Before The Fame with Mike Sherman," featuring music superstar Shaggy [1][4] - The show is available on multiple platforms, including FOX Soul, Apple TV, Tubi TV, and FuboTV, and has produced over 40 episodes showcasing various entertainment genres [2][3] Company Overview - Universal Media Group, Inc. is a publicly traded digital media production company known for its diverse content, including acclaimed television programming [6] - The company is focused on strategic business investments, partnerships, and acquisitions to enhance profitability and expand its influence [6] Upcoming Projects - Universal Media Group is in preproduction on several new streaming projects aimed at expanding its revenue-driven streaming models, with updates expected in the coming months [5]
SKYX Secures $11 Million Strategic Investment at $2.00 Per Share, Preferred Stock Convertible, Led by Global Marriott Hotel-Chain Developer, Lance Shaner, Owner of over 60 Hotels, Primarily Marriotts
Prism Media Wire· 2024-10-07 13:26
Core Insights - SKYX Platforms Corp. has secured a strategic investment of $11 million at a conversion price of $2.00 per share, led by Lance Shaner, a prominent hotel developer [1] - The investment includes participation from leading builders and hotel developers, enhancing SKYX's cash position to support growth and collaborations [1] - Management emphasizes that the company has sufficient cash to achieve its goals, including being cash flow positive during 2025 [1] Company Overview - SKYX Platforms Corp. is a technology company focused on creating advanced, safe, and smart platform technologies, holding over 97 patents globally [3] - The company operates more than 60 lighting and home décor websites, targeting both retail and commercial segments [3] - SKYX aims to enhance safety and lifestyle in homes and buildings, positioning its products as essential in every room [3] Investor Insights - Lance Shaner, as a strategic lead investor, recognizes the significant global growth opportunity for SKYX's technologies in the hospitality and building sectors [1] - The involvement of Shaner, who has extensive experience in community and hospitality developments, provides validation of SKYX's value proposition [1] - The investment is seen as a confirmation of SKYX's potential to revolutionize the smart technology landscape in hotels, buildings, and homes [1]
Lipella Pharmaceuticals Reports Encouraging Early Tolerability Results in Phase 2a Trial of LP-310 for Oral Lichen Planus
Prism Media Wire· 2024-09-24 12:00
Core Insights - Lipella Pharmaceuticals has reported positive early tolerability results from its Phase 2a trial of LP-310 for Oral Lichen Planus (OLP), indicating that the treatment is well tolerated with no unpleasant taste [1][2][4] - LP-310 is a proprietary liposomal-tacrolimus formulation aimed at providing a more effective treatment for OLP, which currently has no FDA-approved pharmacotherapies [2][4] - The clinical trial is a multicenter, dose-ranging study evaluating the safety, tolerability, and efficacy of LP-310 at various doses, with five sites across the U.S. actively recruiting participants [3][4] Company Overview - Lipella Pharmaceuticals is a clinical-stage biotechnology company focused on developing new drugs by reformulating existing generic drugs for new applications, particularly targeting diseases with significant unmet medical needs [5] - The company completed its initial public offering in December 2022, indicating a commitment to advancing its drug development pipeline [5]
Aclarion Added to PRISM Emerging Medical Devices Index
Prism Media Wire· 2024-09-06 15:29
Core Insights - Aclarion has been added to the PRISM Emerging Medical Devices Index, highlighting its innovative position in the medtech sector with its AI-driven diagnostic solutions for chronic low back pain [1][3] - The U.S. medical devices market is projected to grow to nearly $315 billion by 2032, driven by increased R&D investments and innovations like Aclarion's NOCISCAN technology [1][2] Company Highlights - Aclarion's NOCISCAN technology is the first noninvasive diagnostic tool for identifying painful discs in patients with chronic low back pain, improving surgical outcomes [3][4] - The company addresses a significant healthcare expenditure, with the lumbar spine diagnostics and treatment market estimated at $40 billion annually, contributing to overall costs of up to $134.5 billion [2][3] - Aclarion has secured its first commercial agreement with Sheridan Community Hospital in Michigan and extended its agreement with The London Clinic, increasing access to its technology [3][4] - The company has obtained private payer coverage from major UK insurers, covering 60% of private health insurance patients in greater London [3] - Aclarion's technology is supported by strong clinical data, showing an 85% improvement in patients treated based on NOCISCAN diagnostics, with ongoing clinical trials to further validate its efficacy [3][4] Industry Context - The medical devices market is experiencing significant growth, with a robust pipeline of innovations and increasing investments in research and development [1][2] - Chronic low back pain is a major health challenge affecting 266 million patients globally, highlighting the demand for effective diagnostic and treatment solutions [3]
AmpliTech Group's AGMDC Division Moves to Allen Tech Hub in Watters Creek District in Allen, Texas
Prism Media Wire· 2024-08-26 13:30
Core Viewpoint - AmpliTech Group's AGMDC Division has relocated to the Allen Tech Hub in Allen, Texas, marking a significant step in the company's growth strategy and commitment to innovation in technology [1][2][3] Group 1: Relocation Details - The new facility at the Allen Tech Hub is designed to enhance AmpliTech's capabilities in delivering next-generation MMIC and Microwave Technology solutions for Public and Private 5G networks [2][3] - The move reflects the company's dedication to fostering innovation and providing an environment conducive to collaboration and growth [2][3] Group 2: Strategic Importance - The relocation is a testament to AmpliTech's rapid growth and the increasing demand for its innovative products and solutions, particularly in the 5G industry [3] - The new headquarters will support current initiatives and position the company to explore new opportunities and technologies [3] Group 3: Company Overview - AmpliTech Group, Inc. operates five divisions and is a leading designer, developer, manufacturer, and distributor of RF microwave components and 5G network solutions, serving global markets including telecommunications, satellite communications, and defense [4]