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REMSleep Holdings Inc. Receives 510(K) Clearance on Product
Prism Media Wire· 2024-07-09 11:30
Core Viewpoint - REMSleep Holdings, Inc. has received 510(K) clearance for its Deltawave CPAP Pillows Interface mask, allowing the company to prepare for market introduction [1][7]. Company Overview - REMSleep Holdings, Inc. is a medical device manufacturer focused on developing products for the treatment of obstructive sleep apnea and other respiratory conditions, with over 30 years of collective experience in CPAP therapy [4]. Product Development and Market Preparation - Following the 510(K) clearance, the company will update its website, order large inventory, engage with potential distributors, and manage marketing efforts, emphasizing the product's exceptional performance as a key marketing strategy [2]. Regulatory Information - The Deltawave CPAP interface is classified as a Class II device under the regulation number 21 CFR 868.5905, and it has been deemed substantially equivalent to legally marketed predicate devices [8]. Shareholder Communication - The company encourages shareholders to stay informed through press releases and social media channels [3]. Market Monitoring - REMSleep has identified imbalances and reported short interest, indicating potential illegal naked short sales, and is committed to monitoring these activities to protect shareholder interests [9].
BranchOut Food Announces Closing of $1.4 Million Follow-On Public Offering
Prism Media Wire· 2024-06-28 16:06
BEND, OR, June 28, 2024 – BranchOut Food Inc. (NASDAQ: BOF), ("BranchOut" or the "Company"), a leading food technology company specializing in dehydrated fruit and vegetable-based products, today announced the closing of its underwritten public offering of 1,750,000 shares of common stock at a public offering price of $0.80 per share. The gross proceeds from the offering, before underwriting discounts and commissions and estimated offering expenses payable by the Company, are approximately $1,400,000. In ad ...
BranchOut Food Announces Nation's Largest Retailer Increases Third Contract to Approximately $1M Annually, Triples Original Commitment
Prism Media Wire· 2024-06-27 12:02
BranchOut Food Announces Nation's Largest Retailer Increases Third Contract to Approximately $1M Annually, Triples Original Commitment BEND, Ore., June 27, 2024 — BranchOut Food Inc. (NASDAQ: BOF), a pioneering food technology company and producer of dehydrated fruit and vegetable-based products, today announced that the nation's largest retailer has increased the store count and overall projected sales of its third contract with BranchOut Food. The new third contract now has a value of approximately $1 mil ...
BranchOut Food Prices $1.4 Million Follow-On Public Offering
Prism Media Wire· 2024-06-27 00:50
Company Overview - BranchOut Food Inc. is a leading food technology company specializing in dehydrated fruit and vegetable-based products, protected by over 17 patents [11]. Offering Details - The company announced a public offering of 1,750,000 shares of common stock at a price of $0.80 per share, expecting gross proceeds of approximately $1,400,000 before underwriting discounts and commissions [3][4]. - The underwriters have a 45-day option to purchase up to 262,500 additional shares at the public offering price [3]. Use of Proceeds - The net proceeds from the offering will be used for working capital and general corporate purposes, including operating expenses and capital expenditures [4]. Closing Information - The offering is expected to close on or about June 28, 2024, subject to customary closing conditions [9].
U.S. Army Selects BranchOut Food Products for Field Test with Aim of Revolutionizing MREs
Prism Media Wire· 2024-06-24 12:02
Core Insights - BranchOut Food Inc. has been selected by the U.S. Army for a field test of its innovative MRE products, specifically the Cinnamon Churro Banana Bites and potentially the Chili Lime Pineapple Chips, utilizing its GentleDry technology [1][3] Company Overview - BranchOut Food Inc. is a pioneering food technology company specializing in dehydrated fruit and vegetable-based products, with a commitment to high-quality, nutritious snacks [3][5] - The company’s GentleDry technology preserves up to 95% of the original nutrition of fresh produce, supported by over 17 patents [5] Product Development and Testing - The U.S. Army's Combat Capabilities Development Command (DEVCOM) has conducted successful shelf-life and sensory tests on BranchOut's products, leading to their selection for further field testing [3][4] - If successful in the field, each selected product could see a volume of approximately 1,500,000 units per year incorporated into MREs, with potential increases if multiple items are selected [3] Strategic Collaboration - The partnership with the U.S. Army aims to enhance the variety and enjoyment of MREs, focusing on delivering functional and appealing nutritional options for soldiers [3]
AmpliTech Announces Receipt of Notice from Nasdaq Regaining Compliance
Prism Media Wire· 2024-05-30 12:31
Core Viewpoint - AmpliTech Group, Inc. has regained compliance with Nasdaq's periodic filing requirement, indicating a positive trajectory for the company and its operations [1]. Group 1: Company Overview - AmpliTech Group, Inc. designs, develops, manufactures, and distributes advanced radio frequency (RF) microwave components for various markets including satellite communications, telecom (5G & IoT), space, defense, and quantum computing [2]. - The company has a track record of over 13 years in delivering high-performance, custom solutions to major global industries [2]. - In December 2021, AmpliTech acquired the assets and operations of Spectrum Semiconductor Materials Inc., enhancing its capabilities in semiconductor distribution [2]. Group 2: Business Strategy and Future Outlook - The CEO expressed confidence in the company's ability to extend its impact to Fortune 50 companies, focusing on advancements in communications and connectivity [1]. - AmpliTech is committed to developing solutions for critical areas such as True 5G ORAN Radios, AI, Telemedicine, AR/VR, and Fixed Wireless Access (FWA) [1]. - The company is focused on executing its growth strategy, with healthy inventory levels and high business development prospects for its 5G Division [1].