Author: Multibagger News

Mullen Automotive Inc. (NASDAQ: MULN) Issues New Equity Shares: What Investors Need to Know Mullen Automotive Inc., a key player in the electric vehicle industry, recently disclosed the issuance of new equity shares through SEC filings. On August 27, 2024, the company issued 13,816,105 shares of common stock to Esousa Holdings LLC as part of a previously announced equity commitment. These “Commitment Shares” were distributed according to a purchase agreement dated May 21, 2024, and the transaction was exempt from registration under Section 4(a)(2) of the Securities Act. In addition, between August 12 and August 21, 2024, Mullen Automotive issued…

LiveOne, Inc. Extends Maturity Date for Promissory Note with East West Bank: What Investors Need to Know LiveOne, Inc., a NASDAQ-listed company with the trading symbol LVO, has recently announced the extension of the maturity date for its promissory note with East West Bank. The new maturity date is now set for September 15, 2024, as reported in a recent 8-K filing with the Securities and Exchange Commission. This extension, agreed upon on Monday, represents a short-term adjustment to LiveOne’s financial arrangements with East West Bank. The company, operating in the retail eating places sector, did not disclose the reasons…

Defense Sector Outperforms Market in 2024 Election Cycle, Trump Victory Could Boost Defense Spending The defense sector has a history of outperforming the market around U.S. presidential elections. Analysts predict this trend will continue in 2024 due to bipartisan support for strong defense policies and military investments. According to Wolfe Research, defense stocks historically outperform the market by an average of 15% in the year leading up to a presidential election and 23% in the year following. This reflects bipartisan agreement on maintaining defense capabilities. A Trump victory, especially with a Republican trifecta, is expected to lead to increased defense…

By Jasper Ward WASHINGTON (Multibagger) – Vice President Kamala Harris, the Democratic nominee in the U.S. presidential election in November, on Saturday called on her Republican rival Donald Trump to debate her with their microphones switched on throughout the event. Harris and the former president have both agreed to a debate, hosted by ABC News, on Sept. 10. “Donald Trump is surrendering to his advisors who won’t allow him to debate with a live microphone. If his own team doesn’t have confidence in him, the American people definitely can’t,” Harris said in a post on X. “We are running for…

Precigen Inc. Grants Performance Stock Units to Key Executives – What Does This Mean for Investors? In a strategic move to drive long-term shareholder value, Precigen Inc. (NASDAQ:) has awarded performance stock units (PSUs) to key employees, including named executive officers. The grants, approved by the Compensation and Human Capital Management Committee, are tied to specific operational milestones related to the company’s investigational product PRGN-2012. These PSUs will vest upon the successful submission and approval of a Biologics License Application (BLA) by the U.S. Food and Drug Administration (FDA) by December 31, 2026. If achieved, the units will convert into…

Read the exclusive interview of a woman who survived the brutal massacre in central Burkina Faso, shedding light on the horrific aftermath of the attack claimed by an Al Qaeda-linked group. In a heart-wrenching testimony, the woman describes the harrowing experience of searching through bodies to find her brothers, shedding light on the devastating impact of the deadliest attack in nearly a decade of Islamist violence in the West African country. Stay informed about the latest developments in Burkina Faso and the ongoing struggle against jihadist groups in the Sahel region. Learn how the government’s reliance on civilians has led…

Title: The Impact of AI on Organizational Change: Challenges and Opportunities As the world’s leading investment manager and financial market journalist, I am here to delve into the complexities of how AI is reshaping organizations and the challenges they face in adapting to this new technology. From technical debt to institutional inertia, the obstacles are vast, but the potential benefits are enormous. In the realm of investment management, understanding the impact of AI on organizations is crucial for making informed decisions. As AI becomes a new way of working, it is essential to grasp the fundamental shifts taking place within…

Breaking News: AtlasClear Holdings, Inc. (NYSE American: ATCH) Board Members Resign, Company Makes Strategic Changes AtlasClear Holdings, Inc., a leading finance services company, recently announced the resignation of two of its board members, Steven Carlson and James Tabacchi. The resignations, effective on August 28, 2024, were not due to any disagreements with the company’s operations. The Tampa, Florida-based company, formerly known as Calculator New Pubco, Inc., made this disclosure in a filing with the Securities and Exchange Commission. Despite the departure of Carlson and Tabacchi, AtlasClear has not yet announced their successors or the impact on the company’s governance structure.…

Breaking News: SpaceX Falcon 9 Cleared for Takeoff by FAA After Anomaly Investigation In a surprising turn of events, the U.S. Federal Aviation Administration has given SpaceX the green light to resume flight operations for its Falcon 9 vehicle, despite an ongoing investigation into a recent Starlink mission anomaly. This decision comes just days after the rocket failed to land back on Earth during a routine mission, resulting in its second grounding this year. The Falcon 9 successfully launched a batch of Starlink internet satellites into orbit earlier this week, only to have its reusable first stage booster topple into…

The Latest Clash Between the Philippines and China in the South China Sea Sparks Tensions – What Investors Need to Know In the ongoing dispute over the South China Sea, the Philippines and China are at odds once again after exchanging accusations of intentional ramming of coast guard vessels. This latest clash near the Sabina Shoal marks the fifth maritime confrontation in a month, highlighting the escalating tensions in the region. Beijing’s claims to almost the entire South China Sea have been a point of contention with neighboring countries like the Philippines, Brunei, Malaysia, Taiwan, and Vietnam. With $3 trillion…