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$RGLS +37% @ 1.88 NEWS! 👉️ Regulus Therapeutics Announces Oversubscribed $100 Million Private Placement of Equity
March 12 2024 - 06:32AM
SAN DIEGO, March 12, 2024 /PRNewswire/ -- Regulus Therapeutics Inc. (Nasdaq: RGLS), a biopharmaceutical company focused on the discovery and development of innovative medicines targeting microRNAs (the "Company" or "Regulus"), today announced that it has entered into a definitive securities purchase agreement in connection with a private placement to certain institutional investors and other accredited investors. The oversubscribed financing includes participation from new and existing institutional investors, including Adage Capital Partners L.P., Deep Track Capital, the Federated Hermes Kaufmann Funds, New Enterprise Associates (NEA), Octagon Capital, RA Capital Management, and Vivo Capital. Upon the closing of the financing, which is anticipated to occur on or about March 14, 2024, the Company expects to receive gross proceeds of approximately $100 million. The closing of the financing is subject to customary closing conditions.
Leerink Partners is acting as the lead placement agent for the financing. H.C. Wainwright & Co. is acting as co-placement agent for the financing. Canaccord Genuity is acting as a financial advisor.
Under the securities purchase agreement, the investors have agreed to purchase shares of the Company's common stock ("Common Stock") at a purchase price of $1.60 per share. Certain investors have also agreed to purchase, in lieu of shares of Common Stock, shares of newly designated, non-voting Class A-6 convertible preferred stock at a purchase price of $160.00 per share. Each share of non-voting Class A-6 convertible preferred stock will be convertible into 100 shares of Common Stock, subject to certain beneficial ownership conversion limitations.
The offer and sale of the foregoing securities are being made in a transaction not involving a public offering and have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), or applicable state securities laws. Accordingly, the securities may not be reoffered or resold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act and such applicable state securities laws.
This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities, nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state.
About Regulus
Regulus Therapeutics Inc. (Nasdaq: RGLS) is a biopharmaceutical company focused on the discovery and development of innovative medicines targeting microRNAs. Regulus has leveraged its oligonucleotide drug discovery and development expertise to develop a pipeline complemented by a rich intellectual property estate in the microRNA field. Regulus maintains its corporate headquarters in San Diego, CA.
She gonna sprint again, BOOM there she goes! +126% @ 2.60...
$NUKK +115% @ 2.47...ripping...
$NUKK +98% @ 2.28...on volume...
$NUKK +92% @ 2.21...on volume...
Market Cap is $5,142,360 based on the OS as of January 16th.
BETSF Wallet increased to 159.9 bitcoins worth $11,598,325 (an increase of $1 million in 1 week). Wallet $11.5 million, Cash around $90-$100 million and about $15 million in other assets. Liabilities are minimal, less than $4 million or so...
Go to this post 👉️ Wallet from a week ago, see link w/ current Wallet value...
💚 $BMR ripping! +20% @ 6.60... 😺
$BMR +14% @ 6.42, this is one stock that can make you a million bucks in a couple/few years w/ a $10k investment...JMO
wOw, look @ $LYT go! +645% @ 14.80... 😺
Grabbed some 5.29s... 😺 $BMR
I might have...we can grab 25% of this (BOX) pretty quick and then add in the booming AI and Machine Learning market opportunities...the sky's the limit! 😺 We soar!
https://companiesmarketcap.com/box/marketcap/
$BMR
Excellent posts tedpeele, thanks. See the P/E ratios for BOX and DropBox...
P/E of 136 for BOX and around 17 for DropBox, I believe.
https://www.box.com/home
HUGE POTENTIAL here with BEAMR as DISRUPTIVE and a PARADIGM SHIFT. From what I hear...😺
$BMR
You're welcome, mtsr...$BMR
Nice pickup Ted!
6.94 hod, action coming fast & furious 😺 $BMR
They released a PR premarket. No surprises for me, think there were for others...
Beamr Issues Annual CEO Letter to Shareholders: Highlighting Beamr Cloud Launch, 2023 Financial Results and Achievements and Q2 2024 Upcoming Milestones
March 04, 2024 07:05 ET | Source: Beamr Imaging Ltd.
Herzliya Israel, March 04, 2024 (GLOBE NEWSWIRE) -- Beamr (Nasdaq: BMR), a leading supplier of video optimization technology and solutions, today issued its annual Letter to Shareholders from Sharon Carmel, Chief Executive Officer of Beamr.
Dear Shareholders:
As we look toward a promising and exciting year ahead, I am proud to reflect on Beamr’s achievements throughout 2023, including our financial results for 2023, our recent achievements so far in Q1 2024, and look forward to our plans for Q2 2024.
2023 was the year we built the Beamr Cloud service, and 2024 is the year we plan to invest in expansion of our business.
Beamr is experiencing a pivotal moment following the launch of the Beamr Cloud SaaS solution, which enables everyone to perform high quality, high scale video processing at attractive pricing. Our new video cloud service, launched in February 2024, offers more capabilities than we initially expected. They include video standards modernization from AVC to HEVC, and adoption acceleration of new standards.
Just before announcing Beamr Cloud launch, we raised gross proceeds of $13.8 million in an underwritten offering in February 2024, prior to deducting underwriting discounts and other offering expenses. We intend to use the raised capital to substantially expand the reach of our video cloud services by investing in research and development efforts, sales and marketing activities, cloud operating costs, as well as general and administrative corporate purposes, including working capital and capital expenditures. We plan to expand Beamr Cloud across the emerging markets in the video world: User-Generated Content, Generative AI, Internet-of-Things (IoT) and Streaming (OTT).
During Q2 2024, Beamr plans to emphasize enabling vision AI processes in Beamr Cloud. Recently we published a technical paper that shows how Beamr tech downsized video files by 40% on average — streamlining Artificial Intelligence and Machine Learning processes and allowing significant savings in storage and costs. On March 17th, we plan to participate in GTC https://www.nvidia.com/gtc/, an NVIDIA led conference for the era of AI. At the conference, we will provide more information on our plans for integrating AI workflows into Beamr Cloud.
2023 Highlights
In 2023, we took our vision public on NASDAQ, focusing on optimizing video at scale.
We signed up another one of the top five largest media companies in the world to provide our video compression and optimization technology and solutions to its products and that following such agreement, Beamr is now working with three of the top five largest media companies in the world. We believe that this is a testimony of our leadership in video compression and optimization solutions.
2023 Financial Results
Regarding our financial results for 2023:
Revenues increased by $0.05 million or 2% to $2.9 million for the year ended December 31, 2023, from $2.86 million for the year ended December 31, 2022. The increase was primarily due to binding transactions with new customers versus other transactions that were terminated.
Cost of revenues were $0.096 million the year ended December 31, 2023 compared to $0.098 million for the year ended December 31, 2022, with no material change during those periods.
Research and development expenses decreased by $0.2 million, or 12% to $1.8 million for the year ended December 31, 2023, from $2 million for the year ended December 31, 2022. The decrease was primarily due to a decrease in salaries due to changes in personal and capitalization of costs consisting mainly of direct labor (including stock-based compensation expenses) associated with creating the internally developed software related to our cloud-based SaaS solution offset by an increase in professional fees.
Selling and marketing expenses decreased by $0.54 million, or 60% to $0.36 million for the year ended December 31, 2023, from $0.9 million in 2022. The decrease was primarily due to a decrease in salaries and professional fees.
General and administrative expenses increased by $0.7 million, or 82% to $1.5 million for the year ended December 31, 2023, from $0.83 million in 2022. The increase was primarily due to professional fees related to legal, accounting, investor relations as well as insurance coverage resulting from the completion of our initial public offering in March 2023.
Financing expenses, net decreased by $0.4 million, or 230% to $(0.2) million for the year ended December 31, 2023, from $0.17 million in 2022. The decrease was primarily due to income from the change in fair value of convertible advanced investment, decrease in amortization of discount and accrued interest and interest on bank deposits, offset by the change in fair value of derivative warrant liability and change in exchange rate differences.
Net loss for the year ended December 31, 2023 was $0.7 million or $0.06 basic net loss per ordinary share, compared to a net loss of $1.2 million, or $0.48 basic net loss per ordinary share, in the year ended December 31, 2022.
Beamr ended 2023 with $6.1 million in cash and cash equivalents, compared to $0.7 million as of December 31, 2022. This does not include $13.8 in gross proceeds received from our recently completed underwritten offering in February 2024.
Furthermore, Q4 2023 specifically presented strong revenues, consistent with our legacy business's robust performance in the fourth quarter of the year with $1.5 million in revenue in the fourth quarter of 2023 compared to $1.6 million in revenue in the same period in 2022.
Respectfully,
Sharon Carmel
Chief Executive Officer, Beamr Imaging Ltd.
A copy of Beamr’s annual report on Form 20-F for the year ended December 31, 2023 has been filed with the U.S. Securities and Exchange Commission at https://www.sec.gov/ and posted on Beamr’s investor relations website at https://www.investors.beamr.com/. Beamr will deliver a hard copy of its annual report, including its complete audited consolidated financial statements, free of charge, to its shareholders upon request at investorrelations@beamr.com.
About Beamr
Beamr (Nasdaq: BMR) is a world leader in content adaptive video solutions. Backed by 53 granted patents, and winner of the 2021 Technology and Engineering Emmy® award and the 2021 Seagate Lyve Innovator of the Year award, Beamr's perceptual optimization technology enables up to a 50% reduction in bitrate with guaranteed quality. http://www.beamr.com
Forward-Looking Statements
This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. Forward-looking statements in this communication may include, among other things, statements about Beamr’s strategic and business plans, technology, relationships, objectives and expectations for its business, the impact of trends on and interest in its business, intellectual property or product and its future results, operations and financial performance and condition. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on the Company’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company’s reports filed from time to time with the Securities and Exchange Commission (“SEC”), including, but not limited to, the risks detailed in the Company’s annual report filed with the U.S. Securities and Exchange Commission (the “SEC”) on March 4, 2024 and in subsequent filings with the SEC. Forward-looking statements contained in this announcement are made as of the date hereof and the Company undertakes no duty to update such information except as required under applicable law.
Investor Contact:
investorrelations@beamr.com
👉️ Link to BETS Bitcoin Wallet...
https://www.blockchain.com/de/explorer/addresses/btc/37frzvqQeAzf6hWj4J9zrEzZf4WJoo3sRR
This "wallet asset" is GROWING nicely! 157.73 Bitcoins x BTCUSD ($67.5k)
Only allowed one post to this board per day. Why I don't subscribe to this ihub site. Also don't subscribe to BETS as a long term play. Maybe long with a very small core...strictly a day-trade-stock...doesn't have any shareholders, never did, look at a chart...where are the lawsuits...? In and out, dance like a butterfly, sting like a......you know the thing, lol...sting thing... 😺
$BETS
5.73. This will be a $50-$100 stock within a year*. $BMR
*If "we" still exist.
wOw 🐱😺 5. $BMR
Grabbing some of these under 6...$BMR
Adding 6.15s, holding forever, lol...$BMR 😺
👉️ Beamr Imaging Ltd. (the “Company”) is announcing that it will release its audited financial results for the year ended December 31, 2023 on Monday, March 4, 2024. Concurrently with the release of its audited financial results for the year ended December 31, 2023, the Company plans to release a letter to shareholders from its chief executive officer, highlighting its 2023 financial results, recent corporate updates and upcoming milestones. 😺
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Beamr Imaging Ltd.
Date: February 27, 2024 By: /s/ Sharon Carmel
Name: Sharon Carmel
Title: Chief Executive Officer
https://www.sec.gov/Archives/edgar/data/1899005/000121390024017530/ea0200783-6k_beamr.htm
$BMR
Last 4 days selloff right at the open...claw our way back over 10...damn...will buy a few more...$BMR
$BMR moves on gravity, too...what the hell, man?
👉️ Be Prepared 😺
Bit Brother Limited ("Bit Brother, " "We" or the "Company") (Nasdaq: BETS), today announced that it has received a notice (the “Notice”) from the Nasdaq Stock Market (“Nasdaq”) on January 30, 2024 notifying the Company that the Nasdaq Staff (“Staff”) had determined to delist the Company’s securities from Nasdaq in accordance with its authority under Nasdaq Listing Rule 5101. Nasdaq based its determination upon concerns raised by the issuance of certain warrants with cashless exercise provisions in two registered offerings by the Company on October 25, 2023 and December 5, 2023 and the associated public interest concerns raised by such transactions.
The notice has no immediate impact on the Company’s listing and trading, as Nasdaq has granted the Company a hearing before the Nasdaq Hearings Panel (the “Panel”) scheduled to be held on February 27, 2024 (the “Hearing”). Nasdaq will continue to stay any suspension or delisting action pending the completion of the hearing process. There can be no assurance that the Panel will grant the Company’s request to demonstrate compliance of continued listing requirement or that the Company will be able meet the continued listing requirement during any compliance period or in the future. If the Panel does not grant the Company’s request to demonstrate compliance, its ordinary shares will be subject to delisting and the liquidity and marketability of the Company’s ordinary shares would be adversely affected.
BTCUSD over 57,000...
$BETS
$BMR moves on air, just pOpped UP over 10... 😺
I'm WAY long on core, this thing is all ove the place 😺 shorters...?
Nice play gail! I'm loaded to the gills. 😺 $BMR
👉️ More Awareness
👉️ AllPennyStocks
$ECGI
Adding all I can under 9.50. These are gold pennies on the gold dollars falling from the sky... 😺 JMO
$BMR